The first eight months of Angel CoFund kicked off with energy and purpose, with several promising investments already made. In close collaboration with FiBAN and a network of dedicated business angels, we’ve had the privilege of backing some exciting ventures that are setting new directions in their industries.
By August 31st, the fund has invested in nine companies, with a total of €1,182,805.86 committed. These investments were made in syndication with 51 business angels, reflecting our shared belief in the potential of early-stage companies here in Finland.
Here are the companies in which the Angel CoFund has invested so far:
- Coiniverse connects coin collectors with a global community and provides easy tools to manage and expand collections.
- Confidentialmind offers a software solution for on-premises and private cloud AI deployments, enabling companies to build and host AI applications that use confidential data without compromising on security.
- Diploi provides an all-in-one SaaS service designed to simplify the management, development, and hosting of full applications for businesses.
- Finnpole develops ergonomic tools to improve worker safety and efficiency in the construction industry.
- Grew (Superlines) leverages AI to optimize and streamline marketing strategies, helping businesses grow with smarter marketing solutions.
- Hytrade optimizes electricity for green hydrogen production through its SaaS platform, supporting hard-to-electrify industries like steel and transportation in their shift to sustainability.
- IIN specializes in production automation, focusing on assembly automation and process verification to enhance operational efficiency.
- Kletta offers a mobile app that helps small businesses manage cashflow, invoicing, and record-keeping, making it easier to stay on top of finances.
- SuperGround improves food production processes by upcycling side-stream materials, reducing waste and emissions while supporting sustainability goals.
We are excited to be part of these ventures and look forward to seeing their next steps and watching them grow.
Some key features of the Angel CoFund:
- Collaborative investments with syndicates of angel investors
- A goal to invest in approximately a hundred Finnish seed-stage companies
- Initial investments ranging from €50,000 to €300,000, aligning with the investment amounts of angel investor syndicates in the first round
- Can make investments across various industries, yet looking forward to seeing companies that support the green transition and sustainable development.
If you’re an angel investor looking for a co-investor for scale, check the fund’s website and contact the fund partners for more information.