Picture: Yle uutisgrafiikka
The Finnish Business Angel Network (FiBAN) and Finland’s Venture Capital Association (FVCA) released their collected statistical data on investments made into early stage growth companies in 2013 by private investors and venture capital companies.
According to the rapport, start-up investments reached 280M€ last year, growing 120M€ from 2012 which is a growth of 57%. The numbers include domestic investments (90M€), foreign investors who have invested in Finnish start-ups (159M€), investments made by Finnish business angels (11M€) and other sources of investments including crowdfunding and Vigos (20M€).
The statistics include investments to a mobile game company Supercell made in the beginning of 2013 reaching approximately to 100M€ but even when not taking that into account, the total growth was 20M€ or 12.5%. Especially foreign investments to Finland have increased remarkably during the past years. FiBAN also expects the growth in equity investment to continue.