Tekes Venture Capital Ltd has committed 6 million Euros to Icebreaker Fund I

Tekes Venture Capital Ltd has given a 6 million Euro investment commitment to Icebreaker Fund I Ky. At first closing the size of the fund was around 14 million Euros and the target size is 20 million Euros. In addition to Tekes Venture Capital Ltd, other investors in the fund include institutional investors as well as private individuals and their investment firms. The fund uses asymmetric profit sharing that favors private investors.

The fund is actively seeking investment targets, with a focus on Finnish early stage companies whose business is based on competitive advantage through technology, with the capability to disrupt or complement existing industries or business models, enabling fast and significant international growth. Target companies may include for instance research based companies. A cornerstone of Icebreaker's activities is the community it is building to support its operations in identifying investment targets and developing their businesses.

The fund is managed by Lasse Lehtinen, Aleksi Partanen and Riku Seppälä, as well as Teddie Wardi in a Special Advisor role and Mikko-Jussi Suonenlahti as the managing company's chairman of the board.

Esko Raunio, the Managing Director of Tekes Venture Capital Ltd, congratulates the fund's management team for launching their first fund on the market. The goal of Tekes Venture Capital Ltd is to be an investor in venture capital funds, whose managing teams through their expertise and experience, can help early stage Finnish companies achieve strong international growth. The goal is to make 2-4 investments per year.

For more information on Tekes Venture Capital Ltd

Managing Director Esko Raunio
esko.raunio (at) businessfinland.vc
+358 40 543 9252