Finnish Industry Investment Ltd commits €3 million to DN Capital’s Global Venture Capital III LP

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Finnish Industry Investment Ltd has made a €3 million commitment to DN Capital’s Global Venture Capital III LP. DN Capital is a British venture capital company managing three funds with a total of €170 million in assets under management. The total capital of Global Venture Capital III is currently close to €80 million.

DN Capital focuses on companies in seed, early and growth stages in digital media, e-commerce, software and mobile applications. Its geographic focus covers Europe (incl. UK, Germany, Nordic countries) and USA. Typical first-round investment varies between €250.000 and €10 million.

“With international fund investments, we encourage international venture capital funds to explore the Finnish market. Operating from London, Berlin and Palo Alto, DN Capital provides its portfolio companies with access to first class expertise and international networks. The DN Capital team has a long experience taking technology companies global”, says Anne Riekki, Director at Finnish Industry Investment Ltd.

“We see Finland as one of the most important start-up markets in Europe and are keen to be active investors in the Finnish market. We look for great entrepreneurs that want to create global leaders in software, mobile and digital media companies. Our expertise is to help these companies with recruitment, business development and global expansion. We think the Finnish market is perfect for our strategy”, says Nenad Marovac, Managing Partner at DN Capital.

DN Capital has currently over 30 companies in portfolio, including Shazam, and more recently Avegant.

For further information, please contact:

Anne Riekki, Director, Finnish Industry Investment Ltd, email:, tel: +358 50 337 4434

Nenad Marovac, Managing Partner, DN Capital, email:


DN Capital is a global early stage and growth capital investor in software, mobile applications, digital media and e-commerce companies with operations in London, Berlin and Palo Alto. DN Capital’s objective is to identify, invest in and actively support its portfolio companies to become global leaders. Portfolio companies include Shazam, Endeca (sold to Oracle for over $1 billion), Apsmart (sold to Thomson Reuters), Datanomic (sold to Oracle), Performance Horizon Group, Mister Spex, OLX (sold to Naspers), and The professionals at DN Capital bring over 50 years of private equity experience to their investments, and actively work with portfolio companies to steward their growth through the various stages of development. Additional information about the firm and its portfolio companies can be found at

Finnish Industry Investment Ltd is a government-owned investment company that promotes Finnish business, employment and economic growth through venture capital and private equity investments. Finnish Industry Investment invests in companies both directly and through private equity funds, together with and on the same terms as private investors. With 895 million euros in assets under management, the company is currently an investor, directly and through funds, in altogether 510 companies. For more information, please visit, and follow @TesiFII.