According to local trade body the Finnish Venture Capital Association, the industry overall saw some 20 initial investments in later-stage companies in the first six months of 2014, with 22 investments made in Finnish early-stage enterprises.

Compared with peer countries, Finnish investment is less than half in venture and only two-thirds in the growth stage, with relatively few initial public offerings, according to an evaluation by the local ministry in 2013.Finland was seen as having a relatively functioning later-stage private equity market, which made up €4.7bn under management of the total €5.7bn…

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