15th anniversary in 2010
Finnish Industry Investment Ltd started its operations on 1st August 1995. Industry Investment’s mission is to promote and stimulate Finnish business, employment and economic growth through capital investment using the company’s international networks.
2010
Finnish Industry Investment celebrates its 15th anniversary.
Investments at the end of the year total MEUR 603. The company is an investor, directly and through funds, in 439 companies. The company has 23 employees.
The Finnish Government increases the company’s capital by MEUR 150. MEUR 100 will be used for the new three-year financing programme for stabilisation, in which Industry Investment invests in companies facing temporary financial difficulties due to the recession. MEUR 50 is allocated to investments in FoF Growth. A Government Resolution amended the general guidelines for Industry Investment’s operations with regards to the financing programme for stabilisation.
Stakeholders rate confidentiality of cooperation, expertise and social responsibility as the strengths of Finnish Industry Investment.
Investments at the end of the year amount to MEUR 560, and the company is an investor in 438 companies. The company has 22 employees.
In co-operation with pension companies, Finnish Industry Investment establishes FoF Growth, a fund of funds, which invests in private equity funds investing in growth companies.
Investments at the end of the year total MEUR 460. The company is an investor, directly and through funds, in 438 companies. The company has 18 employees.
Amended legislation empowers Finnish Industry Investment to invest in foreign companies and funds when their operations directly or indirectly promote economic development in Finland.
Finnish Industry Investment achieves its best result to date: consolidated profit for the financial year was MEUR 51.5. Investments at the end of the year total MEUR 334 and the company is an investor, directly and through funds, in 440 companies. The company employs 17 people at the end of the year.
Finnish Industry Investment launches a mining financing programme. In addition to this, investments focus on the energy & environment and services sectors.
Finnish Industry Investment celebrates its 10th anniversary.
Investments at the end of the year amount to MEUR 326. The company is an investor, directly and through funds, in 420 companies. Personnel total 16 at the end of the year.
Finnish Industry Investment establishes Start Fund I Ky for the seed financing programme.
Investments at the end of the year total MEUR 282. The company employs 12 people.
Finnish Industry Investment launches the three-year seed financing programme, in which the company invests in early-stage Finnish growth companies. Industry Investment acquires the capital stock of Start Fund of Kera Oy from Finnvera, and the fund’s investments are transferred to Industry Investment.
Investments at the end of the year total MEUR 298. The company employs 8 people. The main investment focus areas are venture capital for early-stage companies, development of regional investment, and venture capital for the biotech and mining sectors.
The Finnish Government increases Finnish Industry Investment’s capital by MEUR 42.
Investments at the end of the year amount to MEUR 254. The company employs 7 people.
Finnish Industry Investment moves to offices at Kalevankatu 9 A, Helsinki.
 Industry Investment’s offices in Kalevankatu Street, Helsinki. |
Investments at the end of the year total MEUR 202. The company is an investor in 318 companies. The company employs 7 people.
The Finnish Government increases Industry Investment’s capital by MEUR 42.
Investments at the end of the year total FIM 996 million (MEUR 167). The company employs 5 people.
The Finnish Government increases Industry Investment’s capital by FIM 500 million (MEUR 84.2). As a result of a legislative amendment, Finnish Industry Investment continues to actively invest in private equity and venture capital funds, and to strengthen its role in direct investments. Industry Investment also continues to target capital in fund investments at companies in the seed and growth phases. Direct investments are targeted mainly at new major projects in companies and at sectoral and corporate restructurings.
Investments at the end of the year total FIM 771 million (MEUR 129.7). The company employs 5 people.
Investments at the end of the year total FIM 500 million (MEUR 84.2). The company employs 6 people.
The Finnish government increases Industry Investment’s capital by FIM 205 million (MEUR 34.5).
Finnish Industry Investment acquires a 66.6% holding in Start Fund of Kera. The arrangement is part of the Ministry of Trade and Industry’s special state funding initiative, via which the government’s private equity and venture capital investment is centralised in Industry Investment.
Investments at the end of the year total FIM 303 million (MEUR 51). The company employs 5 people.
The Finnish Government increases Industry Investment’s capital by FIM 80 (MEUR 13.5).
Finnish Industry Investment founds the Technology Fund in cooperation with Sitra. The fund’s objective is to improve the growth prospects of Finnish technology start-ups and to accelerate their internationalisation. The Technology Fund later becomes Eqvitec Partners.
Investments at the end of the year total FIM 130 million (MEUR 21.8). The company employs 5 companies.
Finnish Industry Investment moves to offices at Erottajankatu 7 A, Helsinki.
1995
Finnish Industry Investment is established on 15th February 1995, and it starts operating on 1st August 1995 at the address Kaivokatu 8, Helsinki.
The company defines its mission to promote innovative entrepreneurship, to improve Finnish companies’ prospects for growth and internationalisation, and to develop Finland’s industrial structure and the private equity & venture capital sector. The company’s capital, accrued from the proceeds of the privatisation of state-owned companies, is FIM 320 million (MEUR 53.8). The company employs 2 people.
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