References/15 Jun 2026

Borenius advised Voland Partners on the formation of its second growth fund

We advised Voland Partners on the launch of its second growth fund, Voland Technology Growth Fund II, which is targeting to raise EUR 120 million in capital commitments. The fund was established in record time, in less than four years from the establishment of Voland and the launch of the first fund in 2022.

Voland invests in profitable technology-driven companies with a turnover typically in the range of EUR 10–50 million. So far it has invested in eight companies that, when combined, have a revenue of EUR 240 million, operate in 17 countries and employ more than 1,500 persons. The new fund is expected to invest in approximately ten companies over four years.

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Service areas

Team

Paulus Hidén

Partner

Helsinki

Vilma Lybeck

Associate

Helsinki