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.
Tekes was established in 1983, and is a well known Corporate Investor. The main office of this Corporate Investor is situated in Helsinki. The VC's location is in Europe, Finland.
The fund usually invests in rounds together with 2-3 others. Aside from Tekes, start-ups are often funded by Lifeline Ventures, Reaktor Ventures, VTT Ventures and 6 other funds. The most common co-investors for the fund are Reaktor Ventures, Finnvera Venture Capital, VTT Ventures and also 15 different VCs. In subsequent rounds, the fund is usually supported by Finnvera Venture Capital, Business Finland, Reaktor Ventures, out of 26 investors from our database.
The country of its foundation and the country of the most frequent investments for the fund coincides - Finland. In addition to this location, the fund participated in 2 other locations. Among the most popular investment industries for the fund are Internet, Mobile. However, the fund’s focus is not limited to this, since there are 8 more areas of investment. Among the most popular portfolio start-ups of the fund, are ICEYE, ThingLink, The Button Corporation. The fund has no specific requirements for the number of founders in a start-up. If the applying start-up has 4 founders, it is very unlikely that funding will be awarded. Moreover, a start-up needs to be 2-3 years old to get investment from this fund.
We recorded the biggest number of exits for this fund in 2015. The average start-up valuation at the time of investment from Tekes is 5-10 millions dollars. Tekes is involved in 23 percentage points less than the average amount of lead investments when compared with other funds. The fund performance shows that this Corporate Investor achieves 1 percentage points less exits in comparison to other VCs. The fund's activity peaked in 2017. The fund typically enters into 7-12 deals annually. Deals in the range of 1 - 5 millions dollars are most common for this fund.
Mail Rule [rules by which you can get an email of an interesting for you fund employee, knowing only the name and surname of this employee]
Domain name: tekes.fi; User name format in descending order of probability: first last, last first_initial, first '.' last, first_initial last, first
Group Appearance [how often fund is operating separately from groups with shared interest]
96.9% of cases
Investments per Year [average amount of rounds in which fund participates each year]
Follow-on Index [how often fund is ready to support its portfolio startup at next rounds]
12.2% of cases
Average Multiplicator [the average ratio of the last valuation of portfolio startups to their total amount of financing raised]
Average Portfolio Company
Exit Age [the average age of portfolio startups at which they go public or become acquired]
Success / Strategy Similarity
Index [the matching between fund's investment strategy and its proved successes in the form of portfolio startups high valuations]
0.2 out of 1
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