News / 26 Mar 2012

Attorneys at law Borenius Advised Lifeline Ventures on Setting up Its First Venture Capital Fund

Lifeline Ventures has established a €20 million fund for early stage growth companies. The target size of the fund is €30 million. Attorneys at law Borenius acted as the legal advisor to Lifeline Ventures and drafted the fund documentation.

Lifeline Ventures, one of the Vigo accelerators (www.vigo.fi), has during the past two years invested in 18 early stage companies, but Lifeline Ventures Fund I is their first fund. The fund has an investment period of 5 years and is anticipated to make 10 to 20 investments over the years.

The fund’s focus is on health, games, web and general high technology. The investors in the fund include Ilmarinen Mutual Pension Insurance Company, Kasvurahastojen Rahasto, Sitra, Finnvera, Troll Ventures, Juuranto Invest and the founders of Lifeline Ventures.

We are glad to see a new Finnish venture capital fund enter the market and wish Lifeline Ventures and the newborn fund all the best!

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