International venture capitalists met with Finnish growth companies

Finnish Industry Investment, Tekes, Finnvera and Technopolis invited international venture capitalists to meet with the most promising Finnish growth companies at Enterprise Finland Venture Forum.

During the day, 26 hand-picked companies presented themselves to international and Finnish investors, after which the companies and investors continued discussions in pre-scheduled one-to-one meetings.

"The Finnish innovation organisations aim to pave the way for Finnish growth companies to raise finance internationally in addition to Finnish sources. Enterprise Finland Venture Forum offers an efficient day for companies and investors to meet", said Henri Grundstén, Director at Finnish Industry Investment.

International investors have become increasingly active in the Finnish market in the past couple of years. In both 2011 and 2012, international investors supplied 60 million euros of investments into Finnish companies. According to preliminary data, in 2012, international capital exceeded domestic investments into Finnish companies.

For example, the Norwegian Northzone Ventures has a keen eye on venture opportunities in Finland. "So far we have invested in a couple of exciting opportunities, and we are looking to further expand our portfolio with promising companies. Enterprise Finland Venture Forum is a great event that we are looking forward to every year", says Bjørn Stray, General Partner at Northzone.

The number venture capitalists attending the event was 40, of which approximately half were foreign.

Key-notes included i.e. Pekka Soini, Director General of Tekes, Bruce Oreck, U.S. Ambassador to Finland, and Sampo Ahonen, CEO of Beneq, which received a 25 million euro investment from the Russian RUSNANO in 2012.

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