The first fund issued, the Voland Technology Growth Fund I, concentrates on minority investments in growing technology companies with a turnover of EUR 5–25 million and positive cash flows. The fund aims for EUR 80 million target size.
”Our value adding approach is differentiating us from other companies. We develop top companies by utilizing our technology sector experience and our responsibility policies – creating an entity benefiting the whole society. Promising growth companies persuade more capital to Finland, create employment, and as follows support the economic growth”, says Veera Sylvius, CEO of Voland Partners.
Investors in the fund include, for instance, Keskinäinen Työeläkevakuutusyhtiö Elo, Brade Oy, Novametor Oy, Technology Industries of Finland Centennial Foundation, Konstsamfundet Ventures Ab, and top names in the technology field such as Risto Virkkala form ePassi and Eficode, Michael Falck from Relex Solutions, Timur Kärki from Gofore and Antti Pelkonen from Bitfactor.
Both Tesi and KRR IV fund-of-fund it manages also made investments in the fund. Tesi develops Finnish venture capital and private equity market by, among other ways, helping new funds, which complement it with their knowhow, emerge, and spar them in practical matters.
Tesi (Finnish Industry Investment Ltd) is a state-owned investment company that wants to raise Finland to the front ranks of transformative economic growth by investing in funds and directly in companies. We invest profitably and responsibly, together with co-investors, to create the world’s new success stories. Our investments under management total 2.4 billion euros. www.tesi.fi | @TesiFII
Voland Partners Oy is a Finnish private equity firm focusing on growth investments in the technology sector. The team behind Voland has unique operational and strategic experience combined with a strong financial knowhow. By leveraging this experience, Voland supports ambitious technology entrepreneurs to reach the goals that have been set together. More information: www.voland.fi.