Finnfund
VC Fund
Helsinki, Finland
Finnfund is a Finnish development finance company that provides long-term risk capital for private projects in developing countries. Apart from co-investing with Finnish companies they can finance ventures that use Finnish technology, cooperate with Finnish partners on a long-term basis or generate major environmental or social benefits.
- Total investments:
- 74
- Last investment:
- Lead investor:
- 51%
- Fund size:
- $93M
- Last fund:
Last updated:
For AI agents: llms.txt
Industries Finnfund invests in
Financial ServicesEnergyFinTechFinanceInternet
Stages Finnfund invests in
Debt FinancingVenture - Series UnknownSeries BPost-IPO DebtSeed
Countries Finnfund invests in
KenyaIndiaSouth AfricaNigeriaVietnam
Round sizes
Series B $5M–$41MDebt Financing $4M–$137MVenture - Series Unknown $2.1M–$20M
Contacts
| Name | Phone | Socials | |
|---|---|---|---|
Round size
- Series B
- $5M–$41M
- Debt Financing
- $4M–$137M
- Venture - Series Unknown
- $2.1M–$20M
Investment Focus
Industry
- Financial Services 18 (24%)
- Energy 7 (9%)
- FinTech 7 (9%)
- Finance 7 (9%)
- Internet 6 (8%)
Stage
- Debt Financing 23 (31%)
- Venture - Series Unknown 16 (22%)
- Series B 7 (9%)
- Post-IPO Debt 4 (5%)
- Seed 2 (3%)
Country
- Kenya 10 (14%)
- India 6 (8%)
- South Africa 4 (5%)
- Nigeria 3 (4%)
- Vietnam 3 (4%)
Team
| Name | Title | Investments | Links | |
|---|---|---|---|---|
Jaakko Kangasniemi
Managing Director and CEO
|
Managing Director and CEO | Total investments: 2 | Find email | |
|
Kyaw Latt
Executive
|
Executive | Total investments: 1 | Find email | |
Ulla-Maija Rantapuska
Investment Manager
|
Investment Manager | Total investments: 3 | Find email |
Investments
| Company | Description | Round | Links |
|---|---|---|---|
| EVF provides a wide range of financial services, including credit lines for micro, small, and medium-sized firms (MSMEs). | $15M / Post-IPO Debt / Sep 29, 2026 | ||
| ETG, established in 1967, is one of the largest and fastest growing integrated agricultural conglomerates in sub-Saharan Africa, importing and exporting soft commodities to and from 48 countries including Tanzania, Kenya, Malawi, Mozambique, Nigeria and South Africa. It also has supply chain operations in China, India, America, Middle East, andSouth East Asia; merchandising desks in Europe, and; treasury companies in Singapore, Mauritius and UAE. Globally, ETG is present across 48 countries. ETG runs its business under five business verticals: 1. Fertilizer and Farm Inputs: ETG is one of the largest importers and distributors of fertilizers and farm inputs in sub-saharan africa 2. Cash traded products: Pulses, Sesame seed, Cashew and Rice are key commodities in this vertical. ETG is the world largest trader and processor of Pulses as well as world largest trader for raw cashew nuts. 3. Exchange traded commodities: Grains & oilseeds, sugar, coffee, cocoa, maize and soybean are key products in this segment. ETG is one of the major players for maize and soybean in sub-shara africa 4. Consumer Branded (Vamara): ETG operates multiple processing plants across 14 countries to manufacture products that are targeted to African consumers. ETG has 22 brands in its portfolio that offers products from vegetable cooking oil, condiments, and spreads, etc. 5. Logistics: ETG operates a very successful and integrated Logistics platform. ETG has a network of more than 400+ warehouses across 32 countries and a fleet of more than 900 trucks. ETG provided end-to-end Logistics services across sub-Sahara Africa. | $206M / Debt Financing / Aug 26, 2026 | ||
| ETG, established in 1967, is one of the largest and fastest growing integrated agricultural conglomerates in sub-Saharan Africa, importing and exporting soft commodities to and from 48 countries including Tanzania, Kenya, Malawi, Mozambique, Nigeria and South Africa. It also has supply chain operations in China, India, America, Middle East, andSouth East Asia; merchandising desks in Europe, and; treasury companies in Singapore, Mauritius and UAE. Globally, ETG is present across 48 countries. ETG runs its business under five business verticals: 1. Fertilizer and Farm Inputs: ETG is one of the largest importers and distributors of fertilizers and farm inputs in sub-saharan africa 2. Cash traded products: Pulses, Sesame seed, Cashew and Rice are key commodities in this vertical. ETG is the world largest trader and processor of Pulses as well as world largest trader for raw cashew nuts. 3. Exchange traded commodities: Grains & oilseeds, sugar, coffee, cocoa, maize and soybean are key products in this segment. ETG is one of the major players for maize and soybean in sub-shara africa 4. Consumer Branded (Vamara): ETG operates multiple processing plants across 14 countries to manufacture products that are targeted to African consumers. ETG has 22 brands in its portfolio that offers products from vegetable cooking oil, condiments, and spreads, etc. 5. Logistics: ETG operates a very successful and integrated Logistics platform. ETG has a network of more than 400+ warehouses across 32 countries and a fleet of more than 900 trucks. ETG provided end-to-end Logistics services across sub-Sahara Africa. | $600M / Debt Financing / Jul 30, 2026 | ||
| Bank Respublika builds its relations with customers on the principle of maximum benefit to them. It is to constantly improve the quality of customer service, expand services and improve conditions. It cooperates with various international and foreign financial institutions, and one of the main directions of this cooperation is the implementationof various programs for business lending and trade finance. | $17.2M / Debt Financing / Jul 09, 2026 | ||
| Ecobank Transnational Incorporated (ETI), a public limited liability company, was established as a bank holding company in 1985 under a private sector initiative spearheaded by the Federation of West African Chambers of Commerce and Industry with the support of the Economic Community of West African States (ECOWAS). In the early 1980’s foreign andstate-owned banks dominated the banking industry in West Africa. Commercial banks in West Africa owned and managed by the African private sector were a rarity. Its founders created ETI with the objective of filling this vacuum.The Federation of West African Chambers of Commerce promoted and initiated a project to create a private, regional banking institution in West Africa. In 1984, Ecopromotions S.A. was incorporated. Its founding shareholders raised seed capital for feasibility studies and the promotional activities leading to the creation of ETI.In October 1985, ETI was incorporated with authorised capital of US$100 million. The initial paid up capital of US$32 million was raised from over 1,500 individuals and institutions from West African countries. The largest shareholder was the ECOWAS Fund for Cooperation, Compensation and Development (ECOWAS Fund), the development finance arm of ECOWAS.Ecobank signed a Headquarters’ Agreement with the Government of Togo in 1985, which granted it the status of an international organisation. This status came with the rights and privileges necessary for ETI to operate as a regional institution, including the status of a non-resident financial institution. ETI commenced operations with its first subsidiary in Togo in March 1988. | $15M / Post-IPO Debt / May 25, 2026 | ||
| Ecobank Transnational Incorporated (ETI), a public limited liability company, was established as a bank holding company in 1985 under a private sector initiative spearheaded by the Federation of West African Chambers of Commerce and Industry with the support of the Economic Community of West African States (ECOWAS). In the early 1980’s foreign andstate-owned banks dominated the banking industry in West Africa. Commercial banks in West Africa owned and managed by the African private sector were a rarity. Its founders created ETI with the objective of filling this vacuum.The Federation of West African Chambers of Commerce promoted and initiated a project to create a private, regional banking institution in West Africa. In 1984, Ecopromotions S.A. was incorporated. Its founding shareholders raised seed capital for feasibility studies and the promotional activities leading to the creation of ETI.In October 1985, ETI was incorporated with authorised capital of US$100 million. The initial paid up capital of US$32 million was raised from over 1,500 individuals and institutions from West African countries. The largest shareholder was the ECOWAS Fund for Cooperation, Compensation and Development (ECOWAS Fund), the development finance arm of ECOWAS.Ecobank signed a Headquarters’ Agreement with the Government of Togo in 1985, which granted it the status of an international organisation. This status came with the rights and privileges necessary for ETI to operate as a regional institution, including the status of a non-resident financial institution. ETI commenced operations with its first subsidiary in Togo in March 1988. | $450M / Post-IPO Debt / May 14, 2026 | ||
|
Toucan Forestal Panama
|
Toucan Forestal Panama is an impact focused forestry company. | $15M / Debt Financing / Apr 15, 2026 | |
| Ecofy is a green-only NBFC in India, offering financial solutions for eco-friendly initiatives, including loans, leases, and insurance. | $41.2M / Series B / Mar 16, 2026 | ||
| Founded in 1996, Kashf Foundation has worked to pioneer microfinance services that empower and promote the economic self-reliance of poor women and their families in Pakistan. Kashf is now one of the premier microfinance institutions in the country, disbursing $202 million USD in loans to date and providing more than one million people with accessto financial capital. | $10M / Debt Financing / Jan 28, 2026 | ||
| Cassava Technologies is an information technology company. | Venture - Series Unknown / Oct 23, 2025 | ||
| See all 74 investments → | |||
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FAQ
What does Finnfund invest in?
Finnfund invests primarily in Financial Services, Energy and FinTech startups, most often at Debt Financing and Venture - Series Unknown stage. Most of the 74 investments tracked by Shizune back companies in Kenya. The Investment Focus section breaks down every industry, stage and country in the portfolio.
What is Finnfund's check size?
Finnfund typically joins rounds of $5M–$41M at Series B, $4M–$137M at Debt Financing and $2.1M–$20M at Venture - Series Unknown. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Finnfund participates in.
How do I contact Finnfund?
Public channels for Finnfund 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 Finnfund?
The team at Finnfund includes Jaakko Kangasniemi (Managing Director and CEO), Kyaw Latt (Executive) and Ulla-Maija Rantapuska (Investment Manager). 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 Oct 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.
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