Nordia, a private equity investor focused on service sector companies, has launched a new growth fund – still open for investors


The new fund, Nordia Kasvu Ky, invests in entrepreneur driven, growth-oriented health care, wellbeing, leisure & travel SMEs. The fund’s target size is 15 million euros. The fund is still open and Nordia is looking to add a few investors during this spring.

“Nordia’s investment strategy is supported by strong megatrends as well as suppressed demand due to current market , environment. We have an established minority investment concept, strong sector expertise and a continuous deal flow. Our team is experienced, and we have excellent references from working with entrepreneurs”, states Kalle Lumio, CEO of Nordia.

The fund’s largest investors are Rake, Hiidenkivi Invest, Takoa, Assai and Tesi (Finnish Industry Investment Ltd).

“We invested in Nordia, because many service companies need both capital and additional resources to support their post pandemic growth. Nordia’s industry expertise combined with experience from different market cycles makes them well positioned to successfully execute growth strategies for service sector SMEs.” says Riitta Jääskeläinen, Investment Director at Tesi.

“Focus on familiar service sectors, Nordia’s entrepreneurial approach, matching investment strategies and a clear co-investment potential were all key investment criteria for us. Furthermore, we see increasing demand within the service sector for minority investors like Nordia”, says Kenneth Cederberg, Group CEO of Rake.


Additional information:

Kalle Lumio, Nordia Management Oy


Nordia is a Finnish private equity growth investor. We invest in entrepreneur driven health care, wellbeing, leisure & travel SMEs. To our portfolio companies we are an experienced, responsible and active minority owner. Nordia has over 30 years of experience as a service sector growth investor and a broad co-operation network of experts.