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Spin-offs managed to raise record high new capital in 2010

21.01.2011


Spinoffs managed by VTT Ventures Ltd raised approximately €4,3 million of new capital in 2010 which is twice as much as the year before. VTT Ventures share of the new capital was roughly one million euros. Majority of the new investments came from domestic venture capital funds. The highest single investment for one company last year was €1,2 million. One of the portfolio companies received an investment from a foreign venture capital fund. This was the first time a foreign investment fund invested in VTT spin-offs. Two new spinoffs received funding last year including Hookie Technologies Oy and FocalSpec Oy.

VTT Ventures Ltd

VTT Ventures Ltd’s mission is to focus on extracting value from VTT technology in developing VTT based high-tech companies with international growth potential. The company seeks actively talented and experienced entrepreneurs to champion the commercialization of it’s technology. VTT Ventures Ltd provides the entrepreneurs with professional business development support together with its public and private innovation partners to facilitate the spin-off process from business planning to funding. VTT Ventures co-invests in its spin-offs with private investors. VTT Ventures goal is stimulate innovation and economic growth in Finland and to have a return on its pre-seed and seed capital investments.

VTT Ventures Oy’s spin-off portfolio includes 20 companies in start-up phase.

See also
Investment policy
Governance
2010 figures and highlights


Additional information

Antti Sinisalo
CEO
+358 40 524 8751

 

 

Additional information

Antti Sinisalo
CEO
+358 40 524 8751