Finnish hi-tech companies announced that they have raised a total of €231,7 million of venture capital in 2013. The amount grew significantly from the corresponding figures of 2012 and 2011, which were at €124,5 million and €112,7 million respectively.
The upward trend has been continuing since 2010. The total number of investments was 95 in 2013 with a total value of €231,717,000. The significant 86% increase of total invested amount from the preceding year can be easily explained with the €100 million invested in Supercell Ltd. Excluding the Supercell investment, the growth figure of the venture capital is at a moderate level of 5,5% resulting in much more consistent trend with 2011 and 2010.
The number of transactions continues a strong upward trend, as 79 investments were made in 2012 and 46 in 2011. Overall the average invested amount increased because of the large variance brought by the Supercell investment. Thus the median describes the state of the industry better this year.
Download the full report here: Finnish venture capital report 2013