Well, well ... / Yippee! Uh ... to boost growth in early-stage software companies. There's no harm in it, I suppose. 'Christ! Boss, why are you always writing about Finnish companies?' I'm not! 'Well, this is the second time.' So? One more time won't hurt anyone.
The fund with the target size of €40 million will invest mainly in Finnish startups offering software to B2B customers. The investors are Finnish institutional investors, foundations, family offices and private investors.
PR emails. This is what they send me, Voice. 'You've had other emails, man. What's wrong with British firms?' Nothing. 'What's been happening at Aviva Investors lately?' I don't know. 'Do you even have any Finnish readers?' Listen, son, I've got loads of Finnish readers. I am the world's foremost financial shaman, you dig? That means I write for the whole world, and the whole world reads me. And I'm a citizen of the world! 'You're a citizen of nowhere!' Ha! That's great! I love being a citizen of ... NOWHERE - !!!
Anyway ...
By the first closing at the end of April, Vendep Capital Fund II has received capital commitments worth over €30 million from more than 20 investors. The fund with the target size of €40 million will invest mainly in Finnish startups offering software to B2B customers. The investors are Finnish institutional investors, foundations, family offices and private investors.
Er ... 'They're repeating themselves. Maybe their English ain't so good.' Shut up, idiot! Repetition is wonderful! Yes, a-ROUND, and a-ROUND, and ... well, only twice, with a bit of variation. Not bad for beginners! / Anyway, let's do the rest of it -
Among the investors in Vendep Capital Fund II are for example Tesi (Finnish Industry Investment Ltd), KRR II, Elo Mutual Pension Insurance Company, The Finnish Innovation Fund Sitra, AI-Partners, and Gerako. The role of Tesi and KRR II as lead investors and their continuing support were vital for the success of the fundraising process. Other investors include foundations, such as the Gösta Serlachius Fine Arts Foundation and the Saastamoinen Foundation, and several private investors from Vendep's first fund (Vendep Startup Fund I). A number of the private investors invest in and work with startups, which helps to increase Vendep Capital's visibility to many sectors and improves deal flow. Vendep Capital's General Partners have made a commitment of €1 million in the fund.
Okay. There's a lot of it. I'll skip some. 'Good!' Okay, okay. What's this?
Vendep Capital's General Partners Jupe Arala, Hannu Kytölä, and Sakari Pihlava will all have an active role in the development of the portfolio companies. The goal is to accelerate growth and enable the companies to recruit the best professionals and attract the interest of international investors. In order to ensure international growth and the building of a successful international sales organization and contacts with international investors, Vendep Capital will employ its partner network based in London, Amsterdam, Berlin, and San Francisco.
You see, Voice? London, Amsterdam, Berlin, and San Francisco! 'Yeah. Great.' / I wonder if Sakari Pihlava has got anything to say ... 'Who?!' Sakari Pihlava.
"The Finnish venture capital market has a pre-series A funding gap. Startups have a hard time raising €0.5-2.5 million of financing that would help them reach the required size and validation for a series A investment round. Our new fund has been established precisely to fill this gap. We are very happy to see that so many investors in our first fund have made commitments in the new fund as well. Our first fund's portfolio includes several promising startups. Like AlphaSense, provider of a search engine for knowledge professionals, has exceeded our growth expectations and is the leading player in its field in the US. Right after this launch we are looking to strengthen our team by recruiting a new investment professional in our Helsinki office", says Vendep Capital's General Partner Sakari Pihlava.
Nice one, Sakari! 'Are we finished yet?' Finished? 'Is that the end of it?' What's your problem, man?
...
Well, that's enough, reader(s). I'm sure a few of you, maybe a lot of you, found it fascinating.
Anything else? Politics? Theresa May ate chips for the first time in her life yesterday. I eat chips practically every day. What does that tell you? 'That you're unhealthy, Mikey?' Shut up! It means I'm a man of the people, Voice. I have the common touch. I should be running for PM, not her.
The fund with the target size of €40 million will invest mainly in Finnish startups offering software to B2B customers. The investors are Finnish institutional investors, foundations, family offices and private investors.
PR emails. This is what they send me, Voice. 'You've had other emails, man. What's wrong with British firms?' Nothing. 'What's been happening at Aviva Investors lately?' I don't know. 'Do you even have any Finnish readers?' Listen, son, I've got loads of Finnish readers. I am the world's foremost financial shaman, you dig? That means I write for the whole world, and the whole world reads me. And I'm a citizen of the world! 'You're a citizen of nowhere!' Ha! That's great! I love being a citizen of ... NOWHERE - !!!
Anyway ...
By the first closing at the end of April, Vendep Capital Fund II has received capital commitments worth over €30 million from more than 20 investors. The fund with the target size of €40 million will invest mainly in Finnish startups offering software to B2B customers. The investors are Finnish institutional investors, foundations, family offices and private investors.
Er ... 'They're repeating themselves. Maybe their English ain't so good.' Shut up, idiot! Repetition is wonderful! Yes, a-ROUND, and a-ROUND, and ... well, only twice, with a bit of variation. Not bad for beginners! / Anyway, let's do the rest of it -
Among the investors in Vendep Capital Fund II are for example Tesi (Finnish Industry Investment Ltd), KRR II, Elo Mutual Pension Insurance Company, The Finnish Innovation Fund Sitra, AI-Partners, and Gerako. The role of Tesi and KRR II as lead investors and their continuing support were vital for the success of the fundraising process. Other investors include foundations, such as the Gösta Serlachius Fine Arts Foundation and the Saastamoinen Foundation, and several private investors from Vendep's first fund (Vendep Startup Fund I). A number of the private investors invest in and work with startups, which helps to increase Vendep Capital's visibility to many sectors and improves deal flow. Vendep Capital's General Partners have made a commitment of €1 million in the fund.
Okay. There's a lot of it. I'll skip some. 'Good!' Okay, okay. What's this?
Vendep Capital's General Partners Jupe Arala, Hannu Kytölä, and Sakari Pihlava will all have an active role in the development of the portfolio companies. The goal is to accelerate growth and enable the companies to recruit the best professionals and attract the interest of international investors. In order to ensure international growth and the building of a successful international sales organization and contacts with international investors, Vendep Capital will employ its partner network based in London, Amsterdam, Berlin, and San Francisco.
You see, Voice? London, Amsterdam, Berlin, and San Francisco! 'Yeah. Great.' / I wonder if Sakari Pihlava has got anything to say ... 'Who?!' Sakari Pihlava.
"The Finnish venture capital market has a pre-series A funding gap. Startups have a hard time raising €0.5-2.5 million of financing that would help them reach the required size and validation for a series A investment round. Our new fund has been established precisely to fill this gap. We are very happy to see that so many investors in our first fund have made commitments in the new fund as well. Our first fund's portfolio includes several promising startups. Like AlphaSense, provider of a search engine for knowledge professionals, has exceeded our growth expectations and is the leading player in its field in the US. Right after this launch we are looking to strengthen our team by recruiting a new investment professional in our Helsinki office", says Vendep Capital's General Partner Sakari Pihlava.
Nice one, Sakari! 'Are we finished yet?' Finished? 'Is that the end of it?' What's your problem, man?
...
Well, that's enough, reader(s). I'm sure a few of you, maybe a lot of you, found it fascinating.
Anything else? Politics? Theresa May ate chips for the first time in her life yesterday. I eat chips practically every day. What does that tell you? 'That you're unhealthy, Mikey?' Shut up! It means I'm a man of the people, Voice. I have the common touch. I should be running for PM, not her.
