The Venture Codex Logo

The Venture Codex

Evli Growth Partners

Aleksanterinkatu 19 A 4 krs, Helsinki, 00101, Finland

Overview

Evli Growth Partners is a European VC that invests in companies across sectors. The fund is truly entrepreneurial, backed by 5 serial entrepreneurs with hands-on experience in building and scaling several market leaders in their respective fields. With experience from +150 companies as founders, executives, or investors and an aggregate exit value in several billions of euros, EGP's team is equipped with unique expertise in building sustainable businesses.

Total investments
15
Lead investments
9
Investments · 12mo
1
Active investors
6

Sector focus

  • Finance
  • Financial Services
  • Venture Capital
Visit website

Investment portfolio

  • Ume

    Participated · Series A · Oct 2025

    UMe Tea is a beverage brand founded in California in 2019 that sells milk-cap teas, fruit teas, baked desserts and snacks across roughly 30 SKUs. The chain has expanded from nine outlets in 2023 to 27 company-operated locations today, with only three pilot franchises. About 60% of its customers are non-Asian and average per-store sales have climbed roughly 30% year-over-year. Flagship items such as classic bubble tea, mango and matcha drinks, and a salted crispy chicken side dish (which accounts for 30% of sales) drive traffic, while new products are introduced twice monthly. A partnership with a large U.S. food-service supply-chain provider handles raw-material sourcing, warehousing and transport, allowing the brand to centralize operations. Management plans to deepen its Bay Area presence to 33 stores by the end of 2025 and ultimately sees potential for several hundred California locations, supported by investments in team building, digital tools and supply-chain upgrades.

  • Yazen

    Led · Series A · Nov 2024

    Yazen operates an online platform that pairs GLP-1 obesity medications with continuous digital care from a team of doctors, dietitians, psychologists, health coaches and physiotherapists. Active in Sweden, Norway, Denmark, the Netherlands, the United Kingdom, Germany and Spain, the company has treated more than 53,000 patients who have collectively lost over 640 tons. In 2025 Yazen’s revenue jumped 87 % to SEK 330 million, while gross profit doubled to roughly SEK 185 million, underscoring the scalability of its model. The clinic currently manages around 39,000 active patients and employs 290 staff, 220 of whom work clinically, including 130 licensed physicians. Yazen’s evidence-based approach has earned it the title “Weight Loss Treatment of the Year in Europe 2025” from Healthcare Business Review and recognition as the second fastest-growing startup in Europe by Sifted. With a newly secured credit facility, the company plans to accelerate international expansion and broaden access to its comprehensive obesity-care program.

  • Bob W

    Led · Series B · Feb 2024

    Bob W operates a technology-first hospitality platform that blends the convenience of short-term rentals with the reliability of hotels. The company manages more than 90 assets encompassing 6,000 apartment units and currently serves guests in multiple cities throughout the EU and the UK. Its proprietary technology underpins booking, guest communications, and on-site services, delivering what it calls a smoother, award-winning guest experience. Future plans include accelerating expansion both in existing locations and in new European markets, aiming to cement Bob W’s status as a pan-European market leader and a household name. The company emphasizes responsible, sustainable growth and leverages design and technology to stand out in the hospitality sector. Financially, Bob W is scaling through non-dilutive capital, such as the newly announced growth financing facility, to maintain founder control while pursuing rapid international growth.

  • Refurbed

    Led · Series C · Nov 2023

    Refurbed operates an online marketplace in Austria. The company has reached profitability, demonstrating a sustainable business model before seeking additional capital. While the article does not elaborate on specific products or categories offered on the marketplace, Refurbed’s core platform connects buyers and sellers online. The firm’s recent funding indicates it is still in a growth phase despite already operating profitably. No additional operating metrics—such as revenue, user count, or growth rates—were disclosed. Similarly, the article does not mention explicit future expansion plans or target markets. The founders have kept further company details, including investor information, under wraps. Overall, Refurbed stands out for reaching profitability ahead of its latest capital infusion.

  • Preply

    Participated · Series C · Jul 2022

    Founded in 2013, Preply operates an online marketplace that matches language learners with a network of more than 100,000 self-employed tutors. The platform has recently integrated artificial-intelligence features, such as automated lesson summaries, personalized homework, and improved student–tutor matching, to enhance consistency while keeping tutors at the core of its offering. The company reports twelve consecutive months of positive EBITDA, reflecting improving unit economics as it scales. Preply employs roughly 750 people across offices in Barcelona, London, New York, and Kyiv, with about 150 team members continuing to work from the Ukrainian capital despite the war. Management is actively hiring additional AI talent to deepen product capabilities and sees the long-term future of learning as “human-guided and amplified by AI.” Fueled by its latest financing, the company is now valued at $1.2 billion and is beginning to explore, albeit without a set timeline, the possibility of an eventual public listing.

Team