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Brella raises €1.2 million – establishes subsidiary in USA

Brella, developer of a networking application for business events that was founded in Jyväskylä, Finland, in 2016, has raised €1.2 million in private equity. The lead investor was Vendep Capital together with a team of international angel investors, including from the USA, France and Finland. The investment will allow Brella to expand its operations in the USA, which is already the conmpany’s most important market. In addition, the company will be able to hire over a dozen product developers, as well as sales and marketing staff, in Finland.The idea for the service was born when the

Vendep Capital launches a €40 million venture fund to boost growth in early-stage software companies

The fund with the target size of €40 million will invest mainly in Finnish startups offering software to B2B customers. The investors are Finnish institutional investors, foundations, family offices and private investors.By the first closing at the end of April, Vendep Capital Fund II has received capital commitments worth over €30 million from more than 20 investors. The fund with the target size of €40 million will invest mainly in Finnish startups offering software to B2B customers. The investors are Finnish institutional investors, foundations, family offices and private investors.

Tesi in 2016: Record-high investment volumes and a good operational result

Financial year 2016 was extremely brisk in terms of Tesi’s new investments, the activity level of Tesi’s international co-investors in Finland as well as in terms of portfolio companies’ growth figures. Tesi made new investments amounting to €165m. In addition, Tesi’s international partners invested almost €160m in Finnish companies. Direct portfolio companies continued to grow strongly, increasing their net sales by 17% on average. Profit for the financial year was €45m, boosted by favourable market conditions, active portfolio management and numerous exits.President & CEO Martin Backman:

Jan Sasse appointed Finnish Industry Investment’s new President & CEO

Finnish Industry Investment’s Board of Directors has appointed Jan Sasse, MSc (Econ), aged 49, as the company’s new President & CEO, with effect from 6 March 2017. Martin Backman, Finnish Industry Investment’s incumbent President & CEO, will take up a new position as CEO of Aktia Bank p.l.c. on the same day.Jan Sasse has headed Finnish Industry Investment’s Growth Investments team since 2015, with responsibility for direct investments in growth companies. He has long international management experience in both investment and consulting fields in companies such as Accenture, Norvestia and

Vaadin raises 5M€ from Verdane Capital

This marks the second investment round for Vaadin this year. The capital will be used to further boost its investments into product development and marketing.Verdane Capital IX invests over 5M€ in Vaadin, the company behind the popular open source web application development tools. The investment is made partly by buying secondary shares from another shareholder and party as a directed new issue. "We are very pleased to team up with Verdane and further strengthen our position in the growing US and European markets," says CEO Joonas Lehtinen. He adds, "Vaadin is known for its tools that

Vaadin raises $6M in Funding lead by eEquity

eEquity and Finnish Industry Investment invest $6M in Vaadin, the open source company whose userinterface tools are used in 40% of Fortune100 companies and by over 150 000 developers worldwide. Vaadin’s business is building components and tools for web application developers. Its products enable businesses to replace most of their desktop applications with standard based web applications that run on all major mobile and desktop browsers. By hiding the underlying complexity of the web standards, Vaadin's technology speeds up the development process, increases security and allows

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