Private equity and Venture capital Market Pulse Survey: No significant affiliations with Russia for Finnish startups and growth companies

Private equity and venture capital (PE & VC) investors have been prompt and thorough in charting the situation their target companies are facing. The affiliations the target companies and PE & VC funds have with Russia and Ukraine are insignificant at most, and majority assess the ones existing have only a little impact. On the other hand, future fundraising by new funds raise concern as the economic uncertainty increases.

” Contrary to the common beliefs in Europe and in rest of the world, Finnish PE & VC investors as well as startups and growth companies possess very little affiliations with Russia. This is an important fact to emphasise to prevent unnecessary negative impact on how Finland attracts capital and skilled workforce. At the moment, it seems the availability of funding for Finnish startups and growth companies remains at a desirable level despite the global situation being what it is,” states Pia Santavirta, Managing Director of FVCA.

” As a fund investor, it’s relieving to witness how fast Finnish PE & VC investors have adapted to the challenging situation. The impact of the Ukraine crisis on the businesses of target companies has been minute,” assesses Matias Kaila, Director of fund investments at Tesi.

Tesi (Finnish Industry Investment) and FVCA (Finnish Venture Capital Association) cooperated in collecting views that Finnish PE & VC investors have about the impact of Russian invasion of Ukraine. Conducted between 11 – 18 March 2022 and sent to the members of FVCA, the market pulse survey was answered by 33 Finnish PE & VC investors. The charted outlook will be updated and specified should a need emerge.

See more in the summary of the survey