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Finnfund

Porkkalankatu 22 A, Helsinki, 00180, Finland

Overview

Development finance company providing long-term risk capital for projects.

Founded

1980

Deals · 12mo

3

Links

WebsiteLinkedInX (Twitter)

Stage focus

Debt
Series B

Geographic focus

Finland
India
Kenya
Russian Federation
...

Sector focus

—

Investment portfolio

19rounds
NAMEDATESIZE
Fuzu
Jul 2026Participated
$4 MSeries B
Ecofy
Mar 2026Led
$41 MSeries B
Mufin Green Finance
Jan 2026Led
$12 MDebt
Poa Internet
Aug 2025Led
$4 MDebt
Cassava Technologies
Dec 2024Participated
$90 MOther Equity
TerraPay
Jul 2024Participated
$75 MDebt
Hewatele
Apr 2024Participated
$20 MOther Equity
Kasha
Jul 2023Participated
$21 MSeries B
Indifi Technologies
Jun 2023Participated
$35 MSeries E
HealthifyMe
Jun 2023Led
$30 MSeries D
Igloo
Nov 2022Led
$27 MSeries B
Kaios
Nov 2022Led
$3 MOther Equity
Fuzu
Jul 2026Participated
$4 MSeries B
Ecofy
Mar 2026Led
$41 MSeries B
Mufin Green Finance
Jan 2026Led
$12 MDebt
Poa Internet
Aug 2025Led
$4 MDebt
Cassava Technologies
Dec 2024Participated
$90 MOther Equity
TerraPay
Jul 2024Participated
$75 MDebt
Hewatele
Apr 2024Participated
$20 MOther Equity
Kasha
Jul 2023Participated
$21 MSeries B
Indifi Technologies
Jun 2023Participated
$35 MSeries E
HealthifyMe
Jun 2023Led
$30 MSeries D
Igloo
Nov 2022Led
$27 MSeries B
Kaios
Nov 2022Led
$3 MOther Equity
19
Items
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Insights

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Deal Distribution

Finnfund: 19 funding rounds are recorded in the selected participation categories.All available history.
Finnfund: 19 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Series A01
Series B22
Series C+12
Other Equity34
Debt22

Monthly Deal Activity

Finnfund: 19 deals are recorded across 119 months.All available history.
Finnfund: 19 deals are recorded across 119 months. All available history
MonthDeals
Dec '161
Jan '170
Feb '170
Mar '170
Apr '170
May '170
Jun '170
Jul '170
Aug '170
Sep '170
Oct '170
Nov '171
Dec '170
Jan '180
Feb '180
Mar '180
Apr '180
May '180
Jun '180
Jul '180
Aug '180
Sep '181
Oct '180
Nov '180
Dec '180
Jan '190
Feb '190
Mar '190
Apr '190
May '190
Jun '190
Jul '190
Aug '190
Sep '190
Oct '190
Nov '190
Dec '190
Jan '200
Feb '200
Mar '201
Apr '201
May '200
Jun '200
Jul '200
Aug '200
Sep '200
Oct '200
Nov '200
Dec '200
Jan '210
Feb '210
Mar '210
Apr '210
May '210
Jun '210
Jul '210
Aug '210
Sep '210
Oct '210
Nov '211
Dec '210
Jan '221
Feb '220
Mar '220
Apr '220
May '220
Jun '220
Jul '220
Aug '220
Sep '220
Oct '220
Nov '222
Dec '220
Jan '230
Feb '230
Mar '230
Apr '230
May '230
Jun '232
Jul '231
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '240
Feb '240
Mar '240
Apr '241
May '240
Jun '240
Jul '241
Aug '240
Sep '240
Oct '240
Nov '240
Dec '241
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '251
Sep '250
Oct '250
Nov '250
Dec '250
Jan '261
Feb '260
Mar '261
Apr '260
May '260
Jun '260
Jul '261
Aug '260
Sep '260
Oct '260

Sector Breakdown

Finnfund: Fintech is the largest displayed sector by deal count (7 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Finnfund: Fintech is the largest displayed sector by deal count (7 deals). All available history
SectorDeals
Fintech7
Health & Life Sciences4
Consumer & Lifestyle3
Professional Services3
Data, Analytics & IT3
E-Commerce & Retail2
AI & Machine Learning2
Networks, Cloud & Communication1
Marketing & Advertising1
Enterprise Software1
Food & Agriculture1
Transportation & Logistics1

Deal Size Distribution

Finnfund: 19 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Finnfund: 19 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M6
$5M-$10M1
$10M-$25M4
$25M-$50M4
$50M-$100M4
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Finnfund: Europe has the largest recorded deal count among the displayed regions (6 deals).All available history.

Top 7 of 7 regions; European countries are grouped as Europe.

Finnfund: Europe has the largest recorded deal count among the displayed regions (6 deals). All available history
RegionDeals
Europe6
India4
South Africa3
Kenya2
United States2
Singapore1
Russian Federation1
Finnfund: 20 co-investors are shown, with US International Development Finance Corporation sharing 3 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Finnfund: 20 co-investors are shown, with US International Development Finance Corporation sharing 3 recorded deals. All available history
Co-investorShared deals
US International Development Finance Corporation3
Aucfan2
British International Investment2
Cornerstone Enterprises2
Kepple Africa Ventures2
LeapFrog Investments2
Seedstars International Ventures2
Sparkmind.vc2
Altree Capital1
Angel Investors1
Bamboo Capital Partners1
Beyond Capital Ventures1
BIO1
Blume Ventures1
Cathay Innovation1
Chiratae Ventures1
Creadev1
CX Partners1
DOB Equity1
Endeavor Catalyst1

Investment Strategy

Finnfund: Led accounts for 42% and participating for 58% of round participation.All available history.
Finnfund: Led accounts for 42% and participating for 58% of round participation. All available history
CategoryDeals (count)Share (%)
Led842%
Participating1158%
Finnfund: Single-lead accounts for 63% and co-led for 38% of lead dynamics.All available history.
Finnfund: Single-lead accounts for 63% and co-led for 38% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead563%
Co-led338%

Team

Antti Partanen

Investment Manager

Jaakko Kangasniemi

Managing Director and CEO

Kyaw Z Latt

Executive

Niklas Simola
Tuomas Vaulanen
Ulla-Maija Rantapuska

Investment Manager