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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

bloomberg
16.02.2018

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.

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