Start-ups
Finland readies $3.7-billion fund to finance digital ventures
First investments could be made as early as by end of second quarter this year, government says
Finland's government wants to generate cash from a part of its equity holdings to fund investments in start-ups in digital and platform businesses.
The new investment vehicle, Vake, is being readied to manage assets worth about €3 billion ($3.7 billion), according to Jyrki Knuutinen, who started as the director of the Finnish government state ownership steering department last month.
To keep reading
please sign up for free!
Already have an account? Sign in here.
Editor's Picks
banking
—
02.04.2020
Banks flooded with requests to defer loan payments
Working capital
—
01.04.2020
Companies flock to Ebedex factoring platform for cash
EXCLUSIVE
—
31.03.2020
A consumer brands giant and its tiny tax bill
Procurement
—
30.03.2020
China to gain from role in the race for medical material
addiction
—
27.03.2020
Cocaine, heroin dealing plummets since the pandemic
