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Finnfund (Finnish Fund for Industrial Cooperation Ltd.)

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

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Total investments 47
Average round size
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The average size of a deal this fund participated in
$41M
Portfolio companies 37
Rounds per year 1.07
Lead investments 13
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.21
Exits 5
Key employees 12

Areas of investment

  • Financial Services
  • FinTech
  • Mobile Payments
  • Information Technology
  • Renewable Energy
Summary

Finnfund (Finnish Fund for Industrial Cooperation Ltd.) is the famous VC, which was founded in 1980. The main office of represented VC is situated in the Helsinki. The company was established in Europe in Finland.

The increased amount of exits for fund were in 2015. Speaking about the real fund results, this VC is 57 percentage points more often commits exit comparing to other organizations. The fund is generally included in less than 2 deals every year. Comparing to the other companies, this Finnfund (Finnish Fund for Industrial Cooperation Ltd.) performs on 4 percentage points more the average number of lead investments. The important activity for fund was in 2019. The common things for fund are deals in the range of 10 - 50 millions dollars.

The typical case for the fund is to invest in rounds with 2-3 participants. Despite the Finnfund (Finnish Fund for Industrial Cooperation Ltd.), startups are often financed by The MasterCard Foundation, PROPARCO, LeapFrog Investments. The meaningful sponsors for the fund in investment in the same round are Vostok Emerging Finance, Polkuni, PROPARCO. In the next rounds fund is usually obtained by PROPARCO, Vostok Emerging Finance, The MasterCard Foundation.

Besides, a startup requires to be at the age of 6-10 years to receive the investment from the fund. The fund has specific favorite in a number of founders of portfolio startups. For fund there is no match between the country of its foundation and the country of its the most frequent investments - Nigeria. Among the most successful fund investment fields, there are Banking, Financial Services. Among the various public portfolio startups of the fund, we may underline Access Bank Plc., JUMO, Yalelo

Besides them, we counted 12 critical employees of this fund in our database.

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Related Funds

Funds investing in previous rounds
These funds often invest in the rounds preceeding the rounds of Finnfund (Finnish Fund for Industrial Cooperation Ltd.):
Typical Co-investors
Finnfund (Finnish Fund for Industrial Cooperation Ltd.) is more likely to invest in rounds together with the following funds:
Funds investing in following rounds
These funds have a tendency to invest in the following rounds after Finnfund (Finnish Fund for Industrial Cooperation Ltd.):

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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

AwanTunai

Financial Services
FinTech
Payments
Peer to Peer
$27M12 Mar 2024 Jakarta, Jakarta Raya, Indonesia

Kasha

Consumer Goods
Retail
Retail Technology
$21M21 Jul 2023 Huye, Southern Province, Rwanda

Igloo

Financial Services
FinTech
Insurance
InsurTech
$27M28 Nov 2022 Singapore, Central, Singapore

Twiga Foods

Agriculture
E-Commerce
Grocery
Marketplace
Retail
Shopping
$50M01 Nov 2021 Nairobi, Nairobi, Kenya

SPARK Schools

Charter Schools
Education
Skill Assessment
$10M04 Feb 2021 South Africa, Gauteng, South Africa

Fuzu

Career Planning
Consulting
$3M10 Mar 2020 Helsinki, Uusimaa, Finland

Fuzu

Career Planning
Consulting
$2M03 Dec 2016 Finland, Uusimaa

JUMO

Big Data
Financial Services
FinTech
Information Technology
Machine Learning
Mobile
Mobile Payments
$11M18 Sep 2016 South Africa, Gauteng, South Africa

JUMO

Big Data
Financial Services
FinTech
Information Technology
Machine Learning
Mobile
Mobile Payments
$17M01 Oct 2015 South Africa, Gauteng, South Africa

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Total investments 47
Average round size 41M
Rounds per year 1.07
Peak activity year 2021
Lead investments 13
Follow on index 0.21
Exits 5
Group Appearance index 0.62

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

AwanTunai

Financial Services
FinTech
Payments
Peer to Peer
$27M12 Mar 2024 Jakarta, Jakarta Raya, Indonesia

Kasha

Consumer Goods
Retail
Retail Technology
$21M21 Jul 2023 Huye, Southern Province, Rwanda

Igloo

Financial Services
FinTech
Insurance
InsurTech
$27M28 Nov 2022 Singapore, Central, Singapore

Twiga Foods

Agriculture
E-Commerce
Grocery
Marketplace
Retail
Shopping
$50M01 Nov 2021 Nairobi, Nairobi, Kenya

SPARK Schools

Charter Schools
Education
Skill Assessment
$10M04 Feb 2021 South Africa, Gauteng, South Africa

Fuzu

Career Planning
Consulting
$3M10 Mar 2020 Helsinki, Uusimaa, Finland

Fuzu

Career Planning
Consulting
$2M03 Dec 2016 Finland, Uusimaa

JUMO

Big Data
Financial Services
FinTech
Information Technology
Machine Learning
Mobile
Mobile Payments
$11M18 Sep 2016 South Africa, Gauteng, South Africa

JUMO

Big Data
Financial Services
FinTech
Information Technology
Machine Learning
Mobile
Mobile Payments
$17M01 Oct 2015 South Africa, Gauteng, South Africa
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