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Debt & Specialty Finance
finnfund.fi

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Investments

46

Portfolio Exits

2

Funds

1

Partners & Customers

2

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 Headquarters 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

46 Investments

Finnish Fund for Industrial Cooperation has made 46 investments. Their latest investment was in TPL Insurance as part of their Corporate Minority - II on July 7, 2022.

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Finnish Fund for Industrial Cooperation Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

7/15/2022

Corporate Minority - II

TPL Insurance

No

1

7/7/2022

Loan

Wave

$91.44M

Yes

1

5/23/2022

Private Equity

Lona Group

Yes

2

4/19/2022

Debt

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$99M

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10

4/15/2022

Unattributed

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10

Date

7/15/2022

7/7/2022

5/23/2022

4/19/2022

4/15/2022

Round

Corporate Minority - II

Loan

Private Equity

Debt

Unattributed

Company

TPL Insurance

Wave

Lona Group

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Amount

$91.44M

$99M

New?

No

Yes

Yes

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Co-Investors

Sources

1

1

2

10

10

Finnish Fund for Industrial Cooperation Portfolio Exits

2 Portfolio Exits

Finnish Fund for Industrial Cooperation has 2 portfolio exits. Their latest portfolio exit was Starsight Energy on September 22, 2022.

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

9/22/2022

Merger

$99M

4

9/3/2019

Acquired

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$99M

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10

Date

9/22/2022

9/3/2019

Exit

Merger

Acquired

Companies

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Valuation

$99M

$99M

Acquirer

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Sources

4

10

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

2 Partners and customers

Finnish Fund for Industrial Cooperation has 2 strategic partners and customers. Finnish Fund for Industrial Cooperation recently partnered with British International Investment, Norfund, and New Forests on November 11, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

11/3/2021

Partner

United Kingdom, Norway, and Australia

CDC Group, Finnfund, Norfund and New Forests Propose USD500m Partnership for Sustainable Forestry in Sub-Saharan Africa

CDC Group , Finnfund , Norfund and New Forests announced a proposed USD500m partnership to develop investment strategies designed to scale and transform the sustainable forestry sector in sub-Saharan Africa .

1

10/16/2018

Partner

Canada

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10

Date

11/3/2021

10/16/2018

Type

Partner

Partner

Business Partner

Country

United Kingdom, Norway, and Australia

Canada

News Snippet

CDC Group, Finnfund, Norfund and New Forests Propose USD500m Partnership for Sustainable Forestry in Sub-Saharan Africa

CDC Group , Finnfund , Norfund and New Forests announced a proposed USD500m partnership to develop investment strategies designed to scale and transform the sustainable forestry sector in sub-Saharan Africa .

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Sources

1

10

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

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Name

Jaakko Kangasniemi

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Work History

Title

Chief Executive Officer

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Status

Current

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