The serious stuff

Inventure adheres to FVCA  guidelines to promote transparency in venture capital.

The serious stuff

We like to be the dependable investor, and transparency and honest feedback are a cornerstone of our approach.

 

We are proud members of:

When we screen companies and we make investment decisions we always seek transparency. Transparency from the entrepreneurs and transparency from our side in giving feedback to the startups raising funding.

We like to be the investor you can depend on, and transparency and honest feedback are a cornerstone of our approach. In summary, we like clear, simple and direct things. That’s the way we like to handle business. When it comes to reporting and compliance, we apply the same principle.

We are proud members of FVCA (Finnish Ventures Capital Association, or Pääomasijoittajat if you care to venture into the Finnish language). The Finnish Venture Capital Association (FVCA) has issued a set of guidelines to promote transparency in venture capital and private equity industries. Inventure meets these requirements. Download the recommendations here.

Hopefully, the following will give you more insights on how Inventure operates and follows the Association’s requirements.

So, who owns Inventure and who manages it?

Inventure funds (I, II and III) are managed by their respective General Partners, which in turn are owned by and have appointed Onventure Oy to operate and manage the partnerships. Onventure Oy is owned by our founding partners Sami, Timo and Tuomas. Read more about them here.

Who should you contact for any media inquiry?

We like to be approachable. That’s why you will always find our email address and phone numbers on the website (spam in moderation). Ekaterina and Linus are the best people to contact for any media inquiry, you can find their details here.

How many funds has Inventure raised? How big are they?

The company was first founded in 2005 and we are proudly deploying our third fund. We finalised the first closing of Inventure Fund III Ky at 110 M€ in December 2017. We also have two more funds currently under management: Inventure Fund Ky, opened in 2008 with 40 M€ under management and Inventure Fund II Ky, opened in 2013, with 70 M€ under management.

Ok, but who are these investors?

Fund II and Fund III are the two most active funds under management.

Fund II’s investors can be classified as follow:

Geographically, they are distributed as follows:

Fund III’s investors can be classified as follow:

Geographically, they are distributed as follows:

Who have you invested in?

Our current investment strategy is based on key learnings from Fund I and II. We focus on Nordic seed and A rounds operating with what we call “evolution-based strategy”, meaning that 70% of capital is invested as add-on investments. Our investment thesis revolves around five main themes we believe will shape the world of tomorrow: i) the future of mobility, ii) new era of connectivity, iii) personalised healthcare, iv) networked enterprise and v) next UX platform.

To date, we have a pretty interesting portfolio (or at least we like to think so). Check it out here in our portfolio page.

Investing is easy, growth is hard. How do you properly value growth companies?

We are supported by EIF and we follow their guidelines for valuation principles.

How do you report those information to the limited partners?

As with our portfolio companies, we apply the same EIF standards in reporting to the limited partners.

What about your exits? Anything interesting to show us?

Yes, you can see our divestments in the portfolio page (here). And you can always find the latest ones in our news section.

Do you consider yourself a responsible investor?

Inventure (Onventure Oy) is a member of the international Invest Europe organisation as well as member of the Finnish Venture Capital Association (FVCA) and complies with the rules and recommendations of the organisations. But of course that’s not all there is to it. We always follow good ESG criteria and ethics when investing, when working with and in the companies we have invested in and when selling them.

What about AIFM license? Are you fully licensed or registered?

Inventure (Onventure Oy) is a registered AIF and EuVECA manager.

For any question regarding our privacy policy check out it out here.