Fund investments. Established in 1999, assets under management EUR 8,5 billion.
Founded 1997, Aura Capital is one of the few private venture capital firms in Finland. From its inception Aura Capital has had a pleasure to invest in over 30 companies. Today Aura Capital focuses to manage its existing portfolio and thus makes no new investments.
Butterfly Ventures is investing in the seed stage startups particularly from Finland, but also from other Nordic countries and Baltics. Right now we’re looking for deep tech, HW and HW interfacing SW. We prefer to get involved with companies early on. 80% of our portfolio companies do not have any revenue at the time of our entry. However, we’re very business driven, typically our portfolio companies start generating revenue in less than 6 months from the first investment.
Canelco Capital is a venture capital firm that specializes in company acquisitions and other ownership arrangements of small- and medium-sized companies. We act as a financial manager for professional investors and a strategic development partner for companies.
Canelco manages a capital of about 50 million euros and employs 6 venture capital specialists in Kuopio, Helsinki, and Tampere.
Dasos Capital Oy, established in 2005, is an independent company whose majority is owned by the Management Team. We act as an investment advisor to institutional investors, endowments, private banks, family offices and other clients interested in sustainable international timberland investing.
Dasos generates returns in the form of net cash flows from sustainable forest management, forest certification and from utilising identified market and management inefficiencies. In addition, we pursue complementary revenue from environmental services (e.g. carbon sequestration) and sale of higher and better use (HBU) lands. We also expect to realise additional long-term returns from timberland appreciation.
With combined total volume of funds and assets at over EUR 700 million, Dasos Capital acts as an Investment Advisor for Dasos Timberland Fund I and Dasos Timberland Fund II, both private equity funds investing in sustainable timberland investments in Europe and emerging markets. The Funds’ investors include Finnish and other European pension funds and endowments, family offices and other investors.
Dasos Capital is a member of the Finnish Venture Capital Association (FVCA) and the American Chamber of Commerce in Finland. We have signed UN’s Principles of Responsible Investment and are a member of Finland’s Sustainable Investment Forum (FINSIF).
Dasos Capital is authorised as Alternative Investment Fund Manager (AIFM) by the Financial Supervisory Authority (FSA) in Finland.
Investment and finance company Essedel Oy was incorporated in 1997 with a target to actively work in the field of private equity investments, finance and strategic consultation in projects located in Russia and Finland. We typically invest in equity capital of companies, acquiring anything from significant minority to control stakes. We use our vast experience from international and Russian market together with financial and strategic resources to develop our portfolio companies in good cooperation with their management.
We love to invest our time, energy, contacts and knowledge on your beautiful company (and also about 5 meuros on your b-round).
Evolver helps Swedish and Finnish owner-led companies to realise their inherent potential. As devoted owners we contribute with know-how, tools and capital that accelerate growth and value creation.
Finnish Industry Investment (Tesi) is a state-owned investment company. We invest in companies directly or via funds. With our investments we provide our portfolio companies with capital as well as valuable expertise to grow on international markets. Our investments may range from 2 to 20 million EUR.
Tesi always invests together with private investors and on the same terms as them and with the same expectations for returns. Thus we can increase the average size of investments, share risks as well as bring expertise and contact networks crucial to growth. Our co-investors are domestic and foreign private equity investors, pension funds, industrial investors and private investors.
Our investments under management are approximately 1,2 billion EUR. Tesi’s portfolio consists of ~90 funds and ~40 direct investments.
Gorilla Capital is a Finnish venture capital fund investing in early-stage companies that apply technology to solve real business problems of today.
Guida is part of Divest Group. Our 20 year experience is mainly on financial management, sales and marketing and other support functions. Our assets are 5 MEUR and we do our investments directly out from own balance sheet. Our target companies are mainly 0,2-5,0 MEUR turnover b-to-b companies. Investment is working capital, loan or direct equity and the size is 50.000-200.000 EUR.
Helen Ventures is the investment arm of Helen, a leading Finnish energy company. We focus on early phase tech startups focusing on the energy sector and the related sectors (ICT, cleantech, circular economy). We are a strategic investor supporting creative startups that share our passion to transforming the energy sector. We invite startups to engage in pilots and connect with our extensive customer base. We offer financing as well as insights on how to grow business in the energy sector. Our journey together is founded on Helen’s solid energy sector expertise and networks in Finland and internationally.
Together we supercharge the future.
Helmet, founded in 1999 is a Finnish private equity focused on developing well-established and profitable SMEs in Finland. We have invested in 53 companies and exited from 39 investments.
The annual return on investment (IRR) for our investment has exceeded 20%.
Our team has extensive and long-standing experience in a variety of industries and companies of all sizes. We bring to each of our investments a knowledgeable three-person team that actively participates in corporate and executive committee work and is always available to assist the management. Together we will create a shared growth plan and support its implementation.
Helsinki University Funds (“HYR”) is part of the University of Helsinki Group. HYR manages the endowment funds of the university and distributes part of the profits to support the university financially. A minor part of HYR’s capital is invested in unlisted companies, mainly spin-outs created based on university research. All future unlisted investments will be made exclusively in companies affiliated with the University of Helsinki, primarily as pre-seed / seed investments. On the other hand, we welcome all investors to explore the investment opportunities related to current and future spin-out cases of the University of Helsinki.
Icebreaker.vc is a venture capital firm and community for the brightest and nicest minds. Our team and hundreds of community members help you to create or join a startup team and build a tech company. Our fund invests in the angel and seed stages.
Inventure is a Nordic technology fund backing early-stage entrepreneurs. Having our roots in Finland, we enjoy domains many don’t feel comfortable with, and make big bets on deep tech and scalable technologies. The strong capital base allows us to lead investments starting from initial seed-stage all the way through expansion. We currently invest from our third 120M€ fund.
Juuri Partners is a financing and business development and growth partner for solid, established Finnish small and medium-sized enterprises. Juuri supports the owners and management of companies in implementing the strategy and business – in a comprehensive way from board work to the development of day-to-day operations.
The financing needed to fuel the growth of a portfolio company is always tailored on the basis of the company’s growth plan. The financing provided for a single company typically totals EUR 3–12 million, combined with a growth leap. Juuri is involved in the company either as a minority or a majority owner. Juuri is strongly involved in supporting the implementation of the target company’s business plan and its growth through optimal overall financing tailored to the company’s needs, also utilising debt instruments when necessary.
Juuri Partners shares a strong mutual interest with the other owners of its target companies to develop the company and increase its shareholder value.
Korkia is a Finnish company specialized in investing, financing and developing, focused in sustainability. We build growth by constantly seeking to discover new opportunities and if needed – creating some ourselves. We do this by combining corporate development, financing and investing in a unique way. We enjoy solving complex problems and thus enabling successful futures for our clients.
We specialize in three sustainable infrastructure areas: Renewable Energy, Circular Economy and Waste-to-Energy. Our current focus is on solar energy project companies in Europe & Latin America, as well as growth financing for companies within the above-defined sectors. Korkia currently manages more than 100 MW peaks of solar energy assets in Chile, and is constructing a portfolio of solar assets in Spain. Korkia also manages a portfolio of minority investments in Finnish growth companies that focus on sustainability. In Spring 2019, Korkia launched a real estate fund focused on land plots in growing city areas in Finland. Prospective target companies for growth financing must have proprietary technology and a clear link to sustainable development.
Lifeline Ventures is a Finland-based early-stage venture capital firm founded by serial entrepreneurs. We invest in strong founders in sectors we know by heart from our experience as entrepreneurs. Our goal is to be the first person the entrepreneur reaches out to in times of trouble and joy. So far, we have invested in 70+ companies including category-leaders such as Applifier, Varjo, Moves, Supercell, uBiome, Smartly.io and ZenRobotics.
Loudspring is a company group focused on saving natural resources, with offices in the Nordics and California. The Loudspring companies are active on global markets in five sectors: energy, real estate, fashion, food and manufacturing. Loudspring management consists of company builders combining positive environmental impact with business for over a decade.
Metsä Spring is the venture capital arm of Metsä Group. We invest worldwide in promising startups and early-stage companies that can benefit from being part of the Metsä Group business ecosystem. In addition to financing, we also provide access to Metsä Group’s global network and expertise.
NGP Capital is a global venture capital firm with over $1.2 billion under management investing in the U.S., Europe, India and China. We back entrepreneurs building growth-stage technology companies within the Enterprise, Mobility and Mobile.
Nordia Management is a privately owned private equity management company. Nordia manages Nordia Rahasto Ltd Growth fund. The funds investment focus is health, wellbeing, leisure & travel enterprises
Nordic Capital is a leading private equity investor in the Nordic region with a resolute commitment to creating stronger, sustainable businesses through operational improvement and transformative growth. Nordic Capital focuses on selected regions and sectors where it has deep experience and a proven track record. Core sectors are Healthcare, Technology & Payments, Financial Services, Industrial Goods & Services and Consumer & Retail, and key regions are the Nordics, Northern Europe, and globally for Healthcare. Since inception in 1989, Nordic Capital has invested EUR 12 billion through nine funds. The Nordic Capital Funds are based in Jersey and are advised by advisory entities, which are based in Sweden, Denmark, Finland, Norway, Germany and the UK.
Nordic FoodTech VC is the first fund in the Nordics investing explicitly in the future of food. We invest in early-stage innovative companies in all Nordic and Baltic countries.
We grow great companies and secure future jobs while profiting from the greatest Nordic export industry success in ages, the games industry, which will show continued growth for at least five to ten years. While doing this, we get additional leverage by focusing on a single, geographically delimited industry. We use our unique advantages to the outmost, as the games industry really is special, a challenge for most investors, not just for lack of industry background or networks. Nordic Game Ventures is founded by ten Nordic games entrepreneurs and gamer entrepreneurs, a true representation of smart capital. Denmark, Finland, Iceland, Norway, and Sweden are all represented by our early partners.
Nordic Mezzanine provides mezzanine financing for buyouts, growth and capital restructuring. It is the management company of dedicated mezzanine funds with prime institutional investors from Nordic Countries and Continental Europe, including some of the largest institutions in the region. The latest fund, Nordic Mezzanine Fund III, was closed in 2009 with commitments amounting to EUR 240 million. Currently the total funds under management amount to over 480 million euros.
Nordic Mezzanine is independent from any financial institution. It is managed by an experienced team backed by a strong board of advisers, consisting of prominent industrialists and bankers.
With offices in Helsinki and London and main regional focus in the Nordic area, German speaking countries and the Benelux, Nordic Mezzanine has arranged mezzanine financing for major transactions of leading European private equity investors.
Nordic Mezzanine is keen to support proven management teams and invest together with high class private equity houses, institutional investors and banks in attractive investee companies with ability to generate cash flow and growth.
Nordic Mezzanine focuses on mid-market transactions with an enterprise value between EUR 50 and 500 million. Focus regions are the Nordic Countries, Germany, Austria, Switzerland, the Netherlands and Belgium. The typical investment in a single transaction ranges between EUR 10 to 40 million.
Nordic Option Oy is Equity Fund established 1994. We invest in small and medium size growth companies with promising outlook and location in Northern Finland. We don’t have any other sector restrictions but property investments. Our Initial Investment size is 0,5-2 m€.
We are a venture capital firm with over 100 million euros to supporting scale-up goals in the Nordic and Baltic region. We know the investment size is not everything, and that’s why we’re proud to have an awesome network of great minds around the world, especially in Japan. We are backed by Honda, Panasonic, Omron and the Japan Bank for International Cooperation. We love tech, especially robotics, automation, health tech, AI and mobility, but we’re open-minded. We’d also love to co-invest with the local investors, but if needed, we are happy to lead as well.
Pikespo Invest Oy Ltd is the oldest private equity fund in Finland. We are a strategic partner for companies in Pirkanmaa and neighboring areas.
Pikespo invests in small and medium-sized, growth companies with a turnover of EUR 1-20 million, led by competent and committed management. We invest in people who have both experience and the ability to lead a growing and profitable company.
We develop companies in close cooperation with entrepreneurs by combining our strong business knowledge with local and international networks. We have been engaged in developing over 40 companies.
Reaktor Ventures is laser-focused at helping seed stage companies become global leaders.
Sievi Capital is a listed (Nasdaq Helsinki) private equity investment company that invests in small and medium-sized Finnish companies. Sievi Capital is a partner for target companies’ management and co-owners that actively supports growth, profitability and value creation.
Sontek Ventures is providing responsible funding to small and medium sized business in B2B IT, Health/Meditech and Cleantech sector.
Sparkmind.vc is the first Nordic venture capital company focused on the learning sector. We invest in teams transforming early childhood, K12, higher, secondary and vocational education as well as corporate and lifelong learning. Our geographical home field is Europe, while we can also selectively do investments outside the region. We invest from seed to international growth phase with single investments up to €5m.
If you can deliver better learning outcomes, increased access, improved process efficiency or actionable insight from data, we would love to hear from you.
Sponsor is a Finnish private equity investor that acquires majority shares in small and mid sized companies and develops their activities in cooperation with their management. We have an experienced organization with long history of working successfully together. Since 1997 we have invested in over 30 companies of which over 20 has been exited. Typically we invest in companies with net sales between 15 and 150 million euros.
We help technology companies with scalability potential and global vision to unleash their growth potential. The team has background both in corporate financing and entrepreneurship, which ensures the straightforward and hands on approach. We are happy to take the lead and guide the companies from early growth through the multiple phases of development. Our initial investments range from 500 thousand to 2 million euros.
Through our private equity funds, we participate in various projects that build the Finnish society, create jobs and promote the national economy.
Takoa Growth is a Finnish family-owned investment company. We own and develop companies with growth potential as well as real estates both in Finland and abroad.
Our goal as a long-term and active owner is to help growth companies to develop and grow their businesses also internationally.
Our objectives as a real-estate owner are to offer high-class and workable real estates for businesses and to serve as a long-term and reliable partner. In addition to investment contributions, our in-depth expertise and extensive network enable our portfolio companies to develop and expand their operations. Due to our long entrepreneurial experience, we understand what it takes economically and emotionally to build up and grow businesses.
We invest in future global category leaders at their seed stage.
We are theme driven, focusing on digital startups creating network effects, applying machine learning, and other enabling technologies to business models which will become the infrastructure of, and deeply impact the future of our digital lives.
We are vertical and business model agnostic.
Our region is Estonia (incl. eligible e-residents), Finland, Denmark, Latvia, Lithuania, Poland, Sweden and the Czech Republic.
We build presence and networks in the markets where our portfolio companies want to expand to. With a presence in Estonia, Finland, and California, we are supported by a global advisory network of experienced investors, industry experts, and growth operations people willing to take the long journey with us to the finish line.
Our team has made the journey from the inception to the exit in several technology companies on both operational and investor side. We are laid back but straightforward, we want our companies and our founders to succeed, whatever it takes.
LinkedIn: Tera Ventures
An early-stage VC fund based in Tallinn, Helsinki and Munich. Investing in start-ups across Europe, from seed rounds all the way to sustainability, with a focus on ICT. Trind Ventures partners are Joel Aasmäe, Ivar Siimar, Kimmo Irpola and Taavi Lepmets.
Triton is an investment firm investing in medium-sized businesses in Austria, Belgium, Denmark, Finland, Germany, Italy, Luxembourg, the Netherlands, Norway, Spain, Sweden and Switzerland. We focus on companies with the potential to create sustainable, long-term value through changing economic cycles and we work closely with management to achieve that.
We are currently invested in companies in Denmark, Finland, Germany, Luxembourg, Norway and Sweden, with combined sales of around €13.2 billion and more than 89,000 employees.
Vaaka Partners is a Finnish private equity firm that helps mid-sized companies become business champions.
We got started in private equity already in 1989 and are today an independent firm focused on growth-oriented buyouts. We help build winning businesses by combining trust-based collaboration with new growth opportunities and operational insight.
The Vaaka factor
Our ambition is to be the #1 partner for entrepreneurs and management teams of mid-sized companies in our home markets. We offer our partner companies
• Effective tools for developing high-performing management teams and companies
• People with the knowledge and experience to help businesses grow sustainably in the global marketplace
• Proactive collaboration built on integrity and transparency
Our partners companies have, on average, succeeded in growing faster than 20% annually. We are currently working with 14 business champions that represent nearly €900 million euros in turnover and more than 4,000 employees. Current partner companies include Kotikatu, Framery and Jungle Juice Bar.
We are also behind championship stories like Reima, Ovenia and Solita — Finnish companies that have succeeded in the international league.
Vendep invests in founders that build amazing SaaS companies. We invest in 4-5 pre-Series A companies per year. Ideally, we join forces when you have €30k+ in MRR to prove the business model is working. We invest from a fresh 36M euro fund. Our initial investments are between 500k and 1M euro.
Verdane funds seek to be the preferred investor and active owner of technology-enabled growth companies in Northern Europe. They provide flexible growth capital to fast-growing software, consumer internet, energy or high-technology industry businesses. The funds are distinctive in that they can invest either in a single company or in portfolios of companies. Verdane funds have invested in over 300 holdings over the past 15 years. Verdane Capital Advisors has 38 employees working out of offices in Oslo, Stockholm, Copenhagen, Helsinki and London.
Verso Capital, founded in 2012, is a growth stage buy-out investor focusing on European B2B businesses. We invest primarily into businesses that have up to 50M of revenue, but currently have growth bottlenecks hindering business performance.
We specialise in carve-out situations, and acquire businesses that are not performing optimally in their current environment. With more than 100 spin-offs and M&A transactions done by our team, we have extensive experience in building and executing even challenging carve-outs quickly and effectively.
We are the majority owner of our portfolio companies, and spend a significant amount of our time working with the management to solve growth and profitability challenges, and re-shaping the business. We have a long and proven track record in developing and growing international B2B businesses.
We are a transparent and trustworthy partner, and will actively help our investments to reach their full potential.
Verso has to date invested in 12 portfolio companies, of which three have been sold. Our two current funds have over EUR 60 M investment capital.
Voima Ventures is an early-stage venture capital company based in Finland. We help founders to accelerate the growth of deep technology ventures to global markets. Our team consists of growth entrepreneurs and investors with a passion for deep tech. We combine science-driven innovation together with the Nordic serial entrepreneurial experience and a global mindset.
The first student-run VC in the Nordics and the biggest one in Europe. Pre-seed funding for the boldests teams in the Nordics.
Wave Ventures focuses on pre-seed investments in Nordic startups. The company wishes to invest in the most audacious founders emerging from the Finnish and Nordic startup ecosystems. Startups seeking an investment should have global ambitions and the next tech-enabled, breakthrough idea.
The fund is a bold blend of ambitious young minds, experienced advisors and venture capital. Judging by their own experience, the young managing team strongly believes in having the right mindset and in learning by doing. Wave Ventures was founded in 2016 and the headquarters is located in Helsinki, Finland. The fund size is € 1,5 million, and the amount invested in startups ranges between €10k-50k.
Whether you need feedback for your idea or funding for your venture, we would love to hear from you.
LinkedIn: Wave Ventures