SOUTH SAVO GROWTH FUND
South Savo Growth Fund invests in recently established and young companies from the region, focusing on the strenghts and regional compentences but without sector limitations. First closing of the fund is EUR 3.5m and it consists of investments by the Cities of Mikkeli, Pieksämäki and Savonlinna, Centre for Economic Development, Transport and the Environment private investors and Redstone. Private investors include, among others, OP Bank, Osuuskauppa Suur-Savo, MPY, Suur-Savon Sähkö, Säästöpankki Optia, Lähi-Tapiola, Keskisuomalainen, BLC. Typical investment during the first round is EUR 25-150k in equity and including follow-on investments up to 350k. The fund is managed by Redstone partners Oskari Lehtonen and Kaj Hagros.
To qualify for investment, your startup will need to be domiciled in the region or otherwise have significant operations in the region - with a team that is capable of building scalable international business.