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Debt & Specialty Finance
finnfund.fi

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Investments

35

Portfolio Exits

1

Funds

1

Partners & Customers

1

About Finnish Fund for Industrial Cooperation

Finnfund (Finnish Fund for Industrial Cooperation Ltd.) is a Finnish development finance company that provides long-term risk capital for private projects in developing countries. Apart from co-investing with Finnish companies, it can finance ventures that use Finnish technology, cooperate with Finnish partners on a long-term basis or generate major environmental or social benefits.

Finnish Fund for Industrial Cooperation Headquarter Location

Uudenmaankatu 16 B 3rd Floor

Helsinki, 00120,

Finland

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Latest Finnish Fund for Industrial Cooperation News

Finnish Fund for Industrial Cooperation Ltd Shows Interest in Equity Investment in TPL Insurance

Jul 1, 2021

TECH & BIZ by 192 Views TPL Insurance Limited (a subsidiary of TPL Corp Limited) announced that the Finnish Fund for Industrial Cooperation Ltd, a Private Limited Company incorporated in Finland, (“Finnfund”), has entered into a Letter of Intent, with TPL Insurance. Upon completion of successful legal and financial due diligence and obtaining all regulatory approvals, Finnfund will look to invest in TPL Insurance. ALSO READ A notification submitted by TPL to the Pakistan Stock Exchange (PSX) on Thursday (1 July) notified it of this development. Finnish Fund is a major development financier and impact investor that invests in responsible and profitable businesses in developing countries. 0share

Finnish Fund for Industrial Cooperation Investments

35 Investments

Finnish Fund for Industrial Cooperation has made 35 investments. Their latest investment was in Bandwidth and Cloud Services Group as part of their Loan on August 8, 2021.

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Finnish Fund for Industrial Cooperation Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

8/13/2021

Loan

Bandwidth and Cloud Services Group

$12M

Yes

4

6/2/2021

Series A

EthioChicken

$5M

No

2

2/18/2021

Unattributed

Kasha

$1M

No

2

2/4/2021

Series C

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$99M

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10

1/19/2021

Debt

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$99M

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10

Date

8/13/2021

6/2/2021

2/18/2021

2/4/2021

1/19/2021

Round

Loan

Series A

Unattributed

Series C

Debt

Company

Bandwidth and Cloud Services Group

EthioChicken

Kasha

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Amount

$12M

$5M

$1M

$99M

$99M

New?

Yes

No

No

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Co-Investors

Sources

4

2

2

10

10

Finnish Fund for Industrial Cooperation Portfolio Exits

1 Portfolio Exit

Finnish Fund for Industrial Cooperation has 1 portfolio exit. Their latest portfolio exit was Mobisol on September 03, 2019.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

9/3/2019

Acquired

2

Date

9/3/2019

Exit

Acquired

Companies

Valuation

Acquirer

Sources

2

Finnish Fund for Industrial Cooperation Fund History

1 Fund History

Finnish Fund for Industrial Cooperation has 1 fund, including OP Finnfund Global Impact Fund I.

Closing Date

Fund

Fund Type

Status

Amount

Sources

1/7/2021

OP Finnfund Global Impact Fund I

$166M

2

Closing Date

1/7/2021

Fund

OP Finnfund Global Impact Fund I

Fund Type

Status

Amount

$166M

Sources

2

Finnish Fund for Industrial Cooperation Partners & Customers

1 Partners and customers

Finnish Fund for Industrial Cooperation has 1 strategic partners and customers. Finnish Fund for Industrial Cooperation recently partnered with FinDev Canada on October 10, 2018.

Date

Type

Business Partner

Country

News Snippet

Sources

10/16/2018

Partner

FinDev Canada

Canada

Development Finance Institute Canada FinDev Canada and Finnfund sign cooperation agreement to advance the Sustainable Development Goals

FinDev Canada and Finnfund agree on the value of partnerships to achieve the Sustainable Development Goals by 2030 , as outlined on SDG 17 , Partnerships for the goals .

1

Date

10/16/2018

Type

Partner

Business Partner

FinDev Canada

Country

Canada

News Snippet

Development Finance Institute Canada FinDev Canada and Finnfund sign cooperation agreement to advance the Sustainable Development Goals

FinDev Canada and Finnfund agree on the value of partnerships to achieve the Sustainable Development Goals by 2030 , as outlined on SDG 17 , Partnerships for the goals .

Sources

1

Finnish Fund for Industrial Cooperation Team

2 Team Members

Finnish Fund for Industrial Cooperation has 2 team members, including current Chief Executive Officer, Jaakko Kangasniemi.

Name

Work History

Title

Status

Jaakko Kangasniemi

Chief Executive Officer

Current

Olli Sinnemaa

Chief Financial Officer

Current

Name

Jaakko Kangasniemi

Olli Sinnemaa

Work History

Title

Chief Executive Officer

Chief Financial Officer

Status

Current

Current

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