The year 2025 was marked by active advocacy work, new research data and fundraising activities for the Finnish Venture Capital Association. During the year, we promoted several key initiatives for the industry, conducted studies in collaboration with stakeholders, and organized a wide range of events.
From the perspective of advocacy work, 2025 was a productive year. During the spring’s Room for Growth project, several of the association’s long-standing goals were incorporated into the government’s growth package. This was not a single decision, but instead the simultaneous advancement of several key areas for the industry – a rare situation in the development of the Finnish capital market.
A significant step forward was taken, among other things, when the possibility for non-profit organizations to invest in private equity funds in a tax-neutral manner is progressing as the government’s proposal is due to be completed in spring 2026. At the same time, a working group reviewing fund structures was launched, and its preparations are scheduled to be completed in early spring 2027.
An impact study conducted in collaboration with PwC showed that buyout, growth, and venture capital investments are powerful drivers of business expansion, employment growth, and productivity improvement in Finland.
We also produced a startup report for the first time in collaboration with Tesi (Finnish Industry Investment) and the Finnish Startup Community, and promoted diversity, equity and inclusion in the industry in collaboration with Level20 Finland, resulting in the compilation of common DEI goals for the industry.
Events and fundraising activities supporting growth in the sector
In 2025, we organized more than 20 events. The highlights of the year included fundraising events such as the first Upside – Finnish Fundraising Forum, which brought together domestic and international investors and fund managers, and a fundraising event for family office operators.
The excellent reception of the events demonstrated that there is a great need for such encounters – and that Finland is an increasingly interesting market also for international investors.
The Finnish Venture Capital Association warmly thanks its members and partners for a successful 2025. In the coming year, we will continue to work even harder to ensure that the societal value of the private equity and venture capital industry is more widely recognized. At the same time, we will strengthen the sector’s role as a creator of sustainable growth and prosperity in Finland.
“The year 2025 showed that long-term cooperation, researched information, and timely influence can together change the operating environment of the entire industry. In 2026, we expect to see these efforts materialize more clearly in the form of decisions and new opportunities for the industry. The work continues, but the starting point is now stronger than ever,” says Anne Horttanainen, CEO of the Finnish Venture Capital Association.
