The Finance Shelf

Buyout and Growth in Finland H1 2025 (Finnish Venture Capital Association (Paaomasijoittajat))

Key number
€526m €
Buyout and growth funds raised by Finnish investors p.5
Largest segment
40% %
B2B products and services share of investments p.24
What changed
+212% %
Finnish buyout and growth fundraising growth YoY p.6

Summary

  • Finnish growth companies received €161m (-55% YoY) across 30 (-23% YoY) deals from domestic and foreign investors.p.6
  • Foreign investors contributed €35m (-83% YoY) into 5 (-58% YoY) Finnish growth companies.p.6
  • DevCo's €521 million continuation fund significantly drove overall fundraising volume in the first half of 2025.p.10
  • A total of 129 Finnish startup and growth companies received €412m in venture capital and private equity investments.p.34

Key insights

  1. The €148m deployed by Finnish buyout and growth investors was well below the review-period average of €246 million.p.13
  2. Foreign buyout and growth investments in Finnish businesses dropped to €35m, remaining -89% below the review-period average.p.23
  3. B2B products and services captured 40% of buyout and growth investment targets in Finland in H1 2025.p.24
  4. Total fundraising across all Finnish venture capital and private equity funds increased by +56% YoY to €632m.p.29
  5. Venture capital and private equity funding in Finnish companies stood at €412m in H1 2025, -52% below the review-period average.p.32

Topics and entities

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