Legal and Complience

Information about investment services and VC Funds

AIFM License

Innovestor Ventures Oy and Innovestor Life Science Oy are registered alternative investment fund managers (AIFM) whose operations are supervised by the Financial Supervisory Authority (FIN-FSA).

FVCA Membership

Innovestor is a member of the Finnish Venture Capital Association (FVCA) and we adhere to their recommended guidelines to promote transparency in venture capital and private equity industries. You can find the association’s recommendations here.

Valuation Guidelines

We follow the International Private Equity and Venture Capital Valuation Guidelines (IPEVG) in the valuation of our portfolio companies, and our investor reporting is based on the guidelines of Invest Europe. We report to our investors on a quarterly basis the value development of our funds including major events within the portfolio companies.

VC Funds and Investors

Innovestor’s VC Funds are limited partnerships incorporated and existing under the laws of Finland. The Funds are managed by their AIF managers Innovestor Ventures Oy and Innovestor Life Science Oy.

Details of all Funds

Fund Vintage AUM (M€) Investment Phase SFDR Article
Innovestor Growth Fund I Ky (IGF I) 2016 83 Follow-on, Exit 6
Innovestor Growth Fund II Ky (IGF II) 2018 10 Follow-on, Exit 6
Innovestor Technology Fund Ky (ITF) 2020 36 Initial 6
Innovestor Life Science Fund Ky (ILSF) 2022 89 Initial 6
Innovestor Growth Fund III Ky (IGF III) 2023 4 Initial 8

Investor details

IGF I IGF II ITF ILSF IGF III
Government agencies 19,7 % 0,0 % 0,0 % 56,2 % 0.0 %
Family Offices & Private Individuals 2,4 % 26,9 % 35,2 % 7,0 % 33.0 %
Corporate Investors 0,0 % 0,0 % 8,4 % 0,0 % 0.0 %
Fund of Funds, Other Asset Managers 1,1 % 19,7 % 16,0 % 10,4 % 39.26%
Pension Funds 18,1 % 0,0 % 0,0 % 0,0 % 0.0 %
Academic Institutions, Foundations 5,6 % 19,4 % 8,1 % 7,9 % 24.54%
Banks 0,0 % 0,0 % 0,0 % 0,0 % 0.0 %
Insurance Companies 53,1 % 34,0 % 32,3 % 18,5 % 0.0 %
Finland 100,0 % 90,3 % 87,4 % 77,5 % 98.77%
Rest of Europe 0,0 % 9,7 % 1,4 % 22,5 % 0.0 %
Outside Europe 0,0 % 0,0 % 11,2 % 0,0 % 1.23%