Nexit Ventures, a venture capital firm focused on wireless and mobile opportunities for global markets  announced the closing of an additional €10 million
euro to grow its Nexit Infocom II fund to €85 million. Nexit received the new commitment from Kasvurahastojen Rahasto Ky, which is a new fund managed by Finnish Industry Investment Ltd. The fund-of-funds will make investments in venture capital funds that focus on promising unlisted growth companies in Finland. The new fund was established by government-owned investment company Finnish Industry Investment Ltd and Finnish employment pension companies Ilmarinen Mutual Pension Insurance Company, Local Government Pensions Institution, State Pension Fund, Eläke-Fennia Mutual Insurance Company, Tapiola Mutual Pension Insurance Company, OP Life Assurance Company Ltd, OP-Eläkekassa and Etera Mutual Pension Insurance Company.
 
The Nexit Infocom II is making equity investments in early and growth stage mobile and wireless technology and service companies, primarily in the Nordic countries and the United States. The initial investment typically ranges from €1 to €5 million, with up to €10 million being deployed into one company over its lifetime. The fund has to date invested into four companies: Axel Technologies, Ekahau, Funambol and Conformiq.