Veraventure Ltd, founded in April 2003, is a venture capital investment company owned by Finnvera plc. For its own part, Veraventure is responsible for the investment activities of regional funds organised as limited companies, and for the development of these activities. In its operations, Veraventure complies with the Ministry of Trade and Industry’s guidelines on regional venture capital investments and on the Finnvera Group’s investment activities, and with the objectives set by the parent company. Furthermore, Veraventure Ltd serves as the management company of Aloitusrahasto Vera Oy, which began operations in autumn 2005.
In regional venture capital investments, Veraventure’s goal is to support and promote regional industrial policy together with local actors, to supplement the financial market in equity investments, to ensure the availability of financing options for potential growth enterprises and to complement Finnvera’s financial instruments and know-how.
Operating on the ‘fund of funds’ principle, Veraventure Ltd makes investments in regional funds organised as limited companies. Veraventure Ltd also works in close cooperation with Finnvera plc, with bodies investing in funds, with fund management companies, and with other actors on the market of enterprise financing. As the management company of the fund Aloitusrahasto Vera Oy, Veraventure Ltd is responsible for the fund’s investments and for the development of target enterprises.