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Inventure launches Finland’s largest early-stage tech fund

The Inventure Fund III secured 110 million euros in capital commitments in its first closing.Istock.com/mersukrugoksu

The third venture capital fund from Inventure aims to support the growth and internationalisation of early-stage technology firms in Finland, the Baltics and the Nordics.

The Inventure Fund III secured 110 million euros in capital commitments in its first closing, becoming the largest pure early-stage technology fund in Finland. The fund was backed by private and institutional investors including the European Investment Fund (EIF), Finnish Industry Investment (Tesi) and Finnish Innovation Fund (Sitra).

Additional capital commitments towards the target size of 135 million euros will be accepted throughout the year. The fund will be managed in accordance with the investment strategy of the venture capital firm – with an emphasis on areas such as future mobility, personalised healthcare and next-generation user-experience platforms.

“By playing our part in building successful tech companies in the Nordics, we hope to contribute to growth and development of the whole region,” Sami Lampinen, managing partner at Inventure, says in a press release.

Inventure has already established itself as a leading early-stage venture capital firm in the Nordics, views JuhoAminoff, investment manager at EIF.

“We are pleased to continue backing a strong local investor like Inventure, which can provide close support to the most promising startups both operationally and financially.”

His excitement was shared by Tapio Passinen, investment director at Tesi: “The Inventure team has proven the ability to create value in dozens of companies and to generate good financial returns for investors. We are excited to be backing the new fund.”

Inventure has supported innovative startups and high-tech companies in Finland, the Baltics and Nordics for 12 years. It has built an investment portfolio consisting of companies that employ 1 350 people.

“We want to triple this number in the years to come,” says Lampinen.

Published on 05.02.2018