Finnfund (Finnish Fund for Industrial Cooperation Ltd.)

Type

Venture Capital

Status

Active

Location

Helsinki, Finland

Total investments

46

Average round size

19M

Portfolio companies

37

Rounds per year

1.05

Lead investments

13

Follow on index

0.20

Exits

5

Areas of investment
Financial ServicesFinTechInformation TechnologyMobileMachine LearningMobile PaymentsBig DataRenewable EnergySolarAgriculture

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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Investor highlights

Industry generalist
Yes
Industry focus
GeneralistClimate techAgricultureFintechCloud/Infrastructure
Geo focus
AlbaniaAlgeriaArgentinaBangladeshBosnia and Herzegovina Show 38 more
Check size
1M — 27M

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Investments analytics

Analytics

Total investments
46
Lead investments
13
Exits
5
Rounds per year
1.05
Follow on index
0.20
Investments by industry
  • Financial Services (16)
  • FinTech (10)
  • Mobile Payments (6)
  • Information Technology (6)
  • Renewable Energy (6)
  • Show 63 more
Investments by region
  • Nigeria (4)
  • South Africa (6)
  • Kenya (6)
  • Senegal (1)
  • India (4)
  • Show 16 more
Peak activity year
2021
Number of Unicorns
1
Number of Decacorns
1

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Quantitative data

Avg. startup age at the time of investment
16
Avg. valuation at time of investment
56M
Group Appearance index
0.61
Avg. company exit year
5

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Latest deals

Company name Deal date Industry Deal stage Deal size Location
AwanTunai 12 Mar 2024 Financial Services, FinTech, Payments, Peer to Peer Early Stage Venture 27M Jakarta Raya, Jakarta, Indonesia
How we get our data

At Unicorn Nest, we combine cutting-edge technology with human expertise to build one of the most reliable venture capital databases in the market. Our process begins with automated AI-enhanced data collection, leveraging the full potential of Large Language Models (LLMs).

Later, our team of analysts takes it further with manual verification, using proprietary tools for data cleaning and validation to ensure accuracy and reliability. We cross-check and enhance our findings through press and media monitoring, integrating information from trusted news outlets and venture capital aggregators. Finally, we stay ahead of the curve by monitoring social networks like LinkedIn and X.com.