# CapMan

> CapMan is a VC fund in Helsinki backing Software and Information Technology. See 61 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Helsinki, Finland
- Total investments: 61
- Last investment: Apr 2026
- Lead investor: 62%
- Fund size: $179M
- Last fund: Jun 2019
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/capman
- X (Twitter): https://twitter.com/CapManPE
- Website: http://www.capman.com

CapMan is a leading Nordic private assets management and investment company. They have built value in unlisted businesses, real estate and infrastructure for 30 years. They serve investors in the private assets class on a broad scale. Their roots are Nordic but their handprint and their networks are international.At CapMan, they build betterorganised, managed, and financially stable companies, because this contributes to overall economic well-being. More jobs and innovations equal better conditions for the society. Similarly, they invest in real estate and infrastructure, because they believe that functional high-quality environments and utilities are cornerstones for functioning societies.

## Contacts

5 contacts available for CapMan. Shizune tracks 10 team members at CapMan. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/capman-oyj?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Series B | $2.1M–$14M |
| Private Equity | $16M–$100M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Software | 16 | 26% |
| Information Technology | 10 | 16% |
| Health Care | 8 | 13% |
| Manufacturing | 7 | 11% |
| Internet | 5 | 8% |

90 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Private Equity | 32 | 52% |
| Funding Round | 11 | 18% |
| Series B | 6 | 10% |
| Series A | 4 | 7% |
| Seed | 2 | 3% |

9 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Finland | 26 | 43% |
| Russian Federation | 14 | 23% |
| Sweden | 5 | 8% |
| United States | 4 | 7% |
| Norway | 3 | 5% |

8 countries tracked in total.

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Anders Björkell | Partner | 0 | https://shizune.co/investors/profile/anders-bj%C3%B6rkell |
| Anna Tynkkynen | Investment Manager | 0 | https://shizune.co/investors/profile/anna-tynkkynen |
| Johan Pålsson | Co-Managing Partner | 1 | https://shizune.co/investors/profile/johan-p%C3%A5lsson |
| Mika Matikainen | Managing Partner | 0 | https://shizune.co/investors/profile/mika-matikainen |
| Niko Haavisto | CFO | 0 | https://shizune.co/investors/profile/niko-haavisto |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| CSE Entertainment | WE BRING JOY AND MOVEMENT FOR MILLIONS OF PEOPLE AROUND THE WORLD. In our core is the idea of diversity and equality of physical activity and sport. We are changing eSport and Exergaming concepts, and in 2025 CSE will be the leading exergaming brand in the world. Our products and services are used widely in family entertainment, fitness,education, and rehabilitation. |  | Private Equity | Apr 07, 2026 |  |
| Kuntokeskus Liikku | Kuntokeskus Liikku is a fitness club that provides multidisciplinary services like gym, aquatics, and sports training. |  | Private Equity | Feb 26, 2026 |  |
| Suomen Avustajapalvelut | Suomen Avustajapalvelut offers personal assistance services for the elderly and disabled in Finland. |  | Secondary Market | Aug 05, 2025 |  |
| Groweo | Groweo focus on smart, efficient growth through software and services is crucial for businesses looking to thrive in today’s competitive landscape. | $6.7M | Seed | Sep 18, 2024 |  |
| TerraWise | TerraWise is an experienced and trusted partner for various types of infrastructure construction projects. The company focuses on delivering demanding projects related to environmental construction and specialized quarrying, offering a complete set of services in each area. TerraWise’s key value proposition is based on expertise, high-qualityresults and commitment to agreed schedules. |  | Venture - Series Unknown | May 06, 2024 |  |
| Tana | Tana provides machines and equipment for the mechanical processing of solid waste. The company manufactures landfill compactors and recycling machinery. Tana uses electrical control systems and artificial intelligence solutions in its equipment. An online inquiry form is available on the company website. |  | Private Equity | Apr 03, 2024 |  |
| fuZion A/S | Datacenter and infrastructure provider |  | Private Equity | Sep 04, 2023 |  |
| Silmäasema | Silmäasema is the eye care provider and second largest optical retailer in Finland. The company offers optical goods, eye surgery, eye laboratory and specialist services. Silmäasema runs 140 stores and 13 eye clinics covering the whole Finland and Estonia with its network. | $43.3M | Private Equity | May 19, 2023 |  |
| Serverius | The company Serverius provides supporting IT infrastructure services. |  | Private Equity | May 09, 2023 |  |
| Front AI | Front AI is Conversational AI and 2nd Generation Service Bot startup based in Helsinki, Finland. The company is developing a solution that harnesses advanced chatbot and AI technology to enable the automation of customer service interactions. | $234.7K | Convertible Note | Mar 01, 2023 |  |

10 of 61 investments shown.

## Co-investors
- [Apax Partners](https://shizune.co/investors/profile/apax-partners) — VC Fund, 2 deals together
- [European Bank for Reconstruction and Development](https://shizune.co/investors/profile/european-bank-for-reconstruction-and-development-ebrd) — VC Fund, 2 deals together
- [Ilmarinen Mutual Pension Insurance Company](https://shizune.co/investors/profile/ilmarinen-mutual-pension-insurance-company) — VC Fund, 2 deals together
- [Lifeline Ventures](https://shizune.co/investors/profile/lifeline-ventures) — VC Fund, 2 deals together
- [Nexit Ventures](https://shizune.co/investors/profile/nexit-ventures) — VC Fund, 2 deals together
- [Russia Partners](https://shizune.co/investors/profile/russia-partners) — VC Fund, 2 deals together

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### Similar country
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## FAQ

### What does CapMan invest in?

CapMan invests primarily in Software, Information Technology and Health Care startups, most often at Private Equity and Funding Round stage. Most of the 61 investments tracked by Shizune back companies in Finland. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is CapMan's check size?

CapMan typically joins rounds of $2.1M–$14M at Series B and $16M–$100M at Private Equity. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds CapMan participates in.

### How do I contact CapMan?

Public channels for CapMan include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at CapMan?

The team at CapMan includes Anders Björkell (Partner), Anna Tynkkynen (Investment Manager) and Johan Pålsson (Co-Managing Partner), among 10 team members tracked by Shizune. The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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