Business Finland Venture Capital Ltd committed 8 million Euros in FOV Venture Fund I venture capital fund

Business Finland Venture Capital Ltd has made a 8,2 million Euros commitment to FOV Venture Fund I Ky. The size of the fund is 16,5 million Euros after the first closing and the target size of the fund is EUR 20 million. The management company of the fund is FOV Fund Management.

Besides Business Finland Capital Ltd, the fund's current investors are pension institutions, insurance companies and investment companies. Target size for funding is 20 million Euros. The fund uses asymmetric profit sharing that favors private investors. The Fund would invest to AR and VR start-ups in Finland and Europe.

See fund manager's press release on the topic (in Finnish)

For more information

Investment Director Petri Serenius
petri.serenius (at) businessfinland.vc
Tel. +358 50 599 3683