Investor Type | Firm |
Type of Fund | Government Organization |
Industries | Other |
Stages | Seed, Startup, Early Stage, Expansion, million |
Investing | United States • United Kingdom • Canada • India • Spain • South Africa • China • Russia • Portugal • Brazil • Latin America • Europe • Estonia • Malaysia • Indonesia |
Assets Under Management | €161,000,000 |
Finnfund, officially known as Finnish Fund for Industrial Cooperation Ltd., is a government-owned development financier and impact investor that promotes sustainable development by investing in responsible and profitable businesses in developing countries. The fund focuses on long-term investments in sectors such as forestry, agriculture, renewable energy, finance institutions, and digital solutions and infrastructure, along with other industries that are aligned with its investment strategy and meet its criteria. Through its investments, Finnfund aims to tackle global development challenges by contributing to sustainable economic growth, employment, better income distribution, and poverty reduction. The fund employs various financial instruments including debt, equity, mezzanine, and fund of funds while they focus on different stages of business development such as seed, startup, early stage, and expansion phases. Managing assets totaling 161 million euros, Finnfund collaborates with Finnish and international partners alike, to amplify their developmental impacts and ensure they operate with a commitment to responsible conduct which includes stringent assessments on responsibility and impact. Moreover, Finnfund emphasizes the promotion of gender equality, climate action, and human rights as central to their impact targeting. Their headquarters are located in Helsinki, Finland. Notably, Finnfund has received a AA+ credit rating from Fitch Ratings which ascertains its strong financial position and credibility in the global market.