In the first half of 2023, Finnish private equity investors have actively continued to invest in growth-oriented small and medium-sized enterprises (SMEs) despite a challenging market environment. According to a recent barometer survey, investors specializing in buyout and growth investments view the current market as difficult, but signs of improvement are on the horizon.
The Finnish startup ecosystem has once again shown impressive growth, as revealed in the "Finnish Startups and Venture Capital 2022" report published by the
The amount of capital raised by Finnish startups reached a new record last year. Of the total amount invested in Finnish startups, almost 60 per cent came from venture capital and growth investors.
Finnish startups have once again raised a record amount of funding. The amount invested increased by almost half a billion from the previous year, totalling €1.8 billion in 2022.
Anne Horttanainen has been appointed as the new Managing Director of the Finnish Venture Capital Association (FVCA). She will step into the new role at the beginning of 2023.
Horttanainen, who has worked at management positions at the Finland Chamber of Commerce for over ten years, is a lawyer by training. Previously, she has also worked as a lawyer at the Finland Chamber of Commerce and Finnish Pension Alliance TELA.