March 22, 2016

Record amount of investments in Finnish startups in 2015

The Finnish business angel network FiBAN is one of Europe’s largest and most active. At last year’s Slush, FiBAN launched a pan-Nordic network together with other Nordic networks.
The Finnish business angel network FiBAN is one of Europe’s largest and most active. At last year’s Slush, FiBAN launched a pan-Nordic network together with other Nordic networks.
FiBAN

In 2015, investments in Finnish early-stage growth companies totalled 253 million euros – a new record.

Of the total amount, foreign investments accounted for 94 million euros, Finnish venture capital investments for 96 million euros, investments by Finnish business angels for 37 million euros and other investments for 26 million euros.

The figures are taken from the statistics compiled by the Finnish Business Angels Network (FiBAN) and the Finnish Venture Capital Association (FVCA).

The amount of investments in Finnish startup and growth companies has increased 2.5-fold in five years. However, the amount of investments could be increased further by, among other measures, making it easier for non-profit foundations to invest in private equity funds.

According to the FVCA, the role of private investors in financing early-stage growth companies has grown considerably in the past five years.

Highly networked, the Finnish business angel arena is currently one of Europe’s largest and most active. Finnish business angels invested in a total of 271 startups, which is over 10 per cent more than in the previous year. The median size of the investments has decreased as individual angels have diversified their investments across a higher number of startups than before.

Business angel investments were mainly targeted at job creation. Among the investee sectors, ICT (29 per cent), environment and CleanTech (20 per cent) and healthcare and MedTech (9 per cent) attracted the most investments.

In terms of investments, 2016 has also got off to a good start. M-Files, for example, recently secured one of the largest early-stage venture capital investments ever in Finland.

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