Reporting
As a member of the European Private Equity and Venture Capital Association (EVCA), Finnvera adheres to the Association’s Reporting Guidelines.
EVCA is given quarterly reports of all new direct investments. In addition, the Association’s Board of Directors receives semiannual reports on the status of Seed Fund Vera’s target enterprises; these reports are based on data delivered by the enterprises themselves. In the shareholder agreement, target enterprises agree to provide Finnvera with the necessary information for the reports.
As concerns investments in funds, Veraventure’s Board receives annual reports on the operations of the target funds. The report on funds is based on data collected from the management companies.
Valuation
When determining the value of its target enterprises, Finnvera complies with the guidelines on the valuation of investments issued by the European Private Equity & Venture Capital Association (EVCA) and the Finnish Venture Capital Association (FVCA), adhering to the principles of prudence.
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.
