05.05.2011
Finnvera makes venture capital investments in starting, innovative enterprises and in regional funds. The investments are carried out through subsidiary companies.
“Finnvera and Finnish Industry Investment have a clear division of labour in venture capital investments, with no overlapping. However, we have used different names for Finnvera’s venture capital investments, and this has posed a challenge when communicating with customers and stakeholders. For this reason, we’ll stop using our subsidiaries’ names in our communications and will use only one name and brand – ‘Finnvera’s venture capital investments’ – for all activities in this sector,” says Pauli Heikkilä, Managing Director of Finnvera.
The new brand will involve no other changes for the operations of Finnvera’s subsidiaries Veraventure Ltd and Seed Fund Vera Ltd, which have been responsible for the company’s venture capital investments.
The website for venture capital investments has been incorporated the finnvera.fi pages (www.finnvera.fi/eng/Venture-Capital-Investments). The site also includes SijoittajaExtra, a password-protected extranet service for business angels.
The goal of Finnvera’s venture capital investments is to enable, start and accelerate the growth and internationalisation of early-stage enterprises.
“We are also developing a business angel network intended for private investors. The aim is to present enterprises as interesting investment targets for other financiers or industrial partners as well,” Heikkilä adds.
By investing in regional funds, Finnvera works together with other actors to promote the financing options available for growth enterprises and to further regional industrial policy.
In accordance with the division of labour agreed, Finnish Industry Investment Ltd is responsible for subsequent co-investments with private investors on commercial grounds and for major investments in funds.
Additional information:
Leo Houtsonen, Managing Director (Veraventure Ltd and Seed Fund Vera Ltd), tel. +358 20 460 3980
Finnvera's customers can submit applications for business financing safely and securely by using Finnvera plc's Online Services.
Telephone service is available from Monday to Friday between 8:00 a.m. and 4:15 p.m.
Finnvera provides financing for the start, growth and internationalisation of enterprises and guarantees against risks arising from exports. Finnvera strengthens the operating potential and competitiveness of Finnish enterprises by offering loans, domestic guarantees, venture capital investments, export credit guarantees and other services associated with the financing of exports. The risks included in financing are shared between Finnvera and other providers of financing.
Finnvera is a specialised financing company owned by the State of Finland and it is the official Export Credit Agency (ECA) of Finland.
