Venture capital and private equity investments have continued to grow in Finland during the first half of 2013, according to the Finnish Venture Capital Association (FVCA). There were also many profitable divestments from venture companies during the first half of the year.
The fundraising of Finnish private equity firms has continued strong. In the first half of 2013, new funds were raised worth EUR 319 million, compared to EUR 99 million during the same period one year ago. The total amount of funds raised in the whole of 2012 was EUR 467 million.
Increasing investments in early stage companies
Finnish venture capital investors’ activity has grown considerably and investments in early stage companies are increasing, according to the FVCA. During the first half of this year, 110 companies received venture capital investments from Finnish private equity firms worth EUR 59 million in total. For 2012 as a whole, EUR 82 million were invested in 146 companies. Venture capital investments in Finland have now been growing for three consecutive quarters and this is the strongest half-year activity since 2008.
Foreign private equity firms invested EUR 11 million in venture capital and EUR 218 million in buyouts of Finnish portfolio companies in the first half of 2013. Finnish private equity firms invested EUR 8 million in venture capital and EUR 17 million in buyouts of foreign portfolio companies.