References/17 Aug 2022

Borenius advised Voland Partners on the establishment of a new growth fund

We advised Voland Partners on the formation of its first fund, Voland Technology Growth Fund. The fund will make minority investments in Finnish technology companies, and create value as co-entrepreneurs, offering domain expertise and strategic insight to reach the jointly set goals. The fund has a target size of EUR 80 million. Voland expects the average investment per portfolio company to be EUR 3–5 million, and the first investment to be made by the end of the year.

The fund has a 10-year term and it is an “Article 8” product for the purposes of the EU SFDR rules, as it promotes certain environmental and social characteristics. Voland seeks to create a carbon neutral portfolio and aims to develop corporate and social responsibility within the domestic technology sector.

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Paulus Hidén



Tuukka Tolvanen

Senior Associate


Saana Naumanen