Suomen Teollisuussijoitus OySuomen Teollisuussijoitus Oy

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

Share

Press release 25 March 2022. Tesi (Finnish Industry Investment) and FVCA (Finnish Venture Capital Association). Finnish private equity and venture capital investors have good outlook of the impact the Ukraine crisis has had on their target companies. Startups and growth companies possess good conditions for business and capacity for follow-on financing, and no country risk specifically concerning Finland emerged in the investors’ assessments. However, fundraising by funds and development of exit market raise concern.

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 

Contacts

Further information

Finnish Venture Capital Association
Managing Director Pia Santavirta
+358 40 5467 749
pia.santavirta@paaomasijoittajat.fi

Tesi, Director Matias Kaila
+358 40 720 1324, matias.kaila@tesi.fi

Images

Links

About Suomen Teollisuussijoitus Oy

Suomen Teollisuussijoitus Oy
Suomen Teollisuussijoitus Oy
Porkkalankatu 1
00180 Helsinki

FVCA is the industry body and public policy advocate for the venture capital and private equity industry in Finland. As the voice of the Finnish VC and PE community and the entrepreneurs they fund, it is our role to demonstrate the positive impact of the industry on the Finnish economy. FVCA – Building growth.

Twitter | Linkedin | Instagram | For Media | Subscribe to FVCA’s Newsletter

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

Subscribe to releases from Suomen Teollisuussijoitus Oy

Subscribe to all the latest releases from Suomen Teollisuussijoitus Oy by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from Suomen Teollisuussijoitus Oy

Tesi’s CEO changes6.5.2022 12:00:00 EEST | Press release

Tesi’s (Finnish Industry Investment Ltd) CEO Jan Sasse will leave his position as the company’s Chief Executive Officer by 24 October 2022 at the latest as he takes up a position with another employer. Jan Sasse has worked at Tesi since 2015 and headed it since 2017. “The past seven years have been an extremely rewarding time, and I’ve had the pleasure of working with an excellent team and highly skilled partners. Tesi has made a considerable social impact and the company’s financial position has developed favourably,” says Jan Sasse. The Chair of Tesi’s Board of Directors, Jacob af Forselles, thanks Sasse for his work in managing Tesi and exerting influence in Finland’s venture capital and private equity sector. “With Jan Sasse at the reigns, Tesi has contributed to developing the Finnish venture capital and private equity market and renewed Finland’s business community. Tesi’s financial development has been strong,” says af Forselles. Tesi will start seeking a new CEO immediately. Ad

Tesin toimitusjohtaja vaihtuu6.5.2022 12:00:00 EEST | Tiedote

Tesin (Suomen Teollisuussijoitus Oy:n) toimitusjohtaja Jan Sasse jättää yhtiön toimitusjohtajan tehtävät viimeistään 24.10.2022 siirtyäkseen toisen työnantajan palvelukseen. Sasse on toiminut yhtiössä vuodesta 2015 ja sen johdossa vuodesta 2017 lähtien. ”Kuluneet seitsemän vuotta ovat olleet erittäin antoisaa aikaa ja olen saanut tehdä töitä erinomaisen tiimin ja osaavien yhteistyökumppaneiden kanssa. Tesin yhteiskunnallinen vaikuttavauus on ollut mittava ja yhtiön varallisuusasema on kehittynyt suotuisasti”, sanoo Jan Sasse. Tesin hallituksen puheenjohtaja Jacob af Forselles kiittää Sassea tämän työstä Tesin johdossa ja vaikuttajana suomalaisessa pääomasijoituskentässä. ”Jan Sassen johdolla Tesi on osallistunut keskeisesti suomalaisen pääomasijoitusmarkkinan kehittämiseen sekä suomalaisen yritystoiminnan uudistumiseen. Samalla Tesin taloudellinen kehitys on ollut vahvaa”, sanoo af Forselles. Tesi aloittaa välittömästi uuden toimitusjohtajan haun. Lisätiedot: toimitusjohtaja Jan Sasse,

In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.

Visit our pressroom