Evli Growth Partners
Growth Capital Fund investing in the most promising Finnish and European growth companies.
Evli Growth Partners (EGP) is building a 200 million euro investment program. The first 60 million euro fund, EGP Fund I Ky, was established in December 2018 and closed in November 2019. The program will comprise of four funds making investments in private growth companies in Europe between years 2018-2028. We will establish new funds every two years. We believe that direct investments in later stage growth companies improves the risk/return ratio.
EGP makes minority investments in privately owned European growth companies, mainly in the Nordics and Baltics. Our mission is to support later stage growth companies in need of equity investments to fund their growth. The average initial investment size is 3-5 million euros. We target approximately 4-5 investments a year with the ambition of increasing company value through active ownership and board work. In addition to direct equity investments EGP makes few fund-of-fund investments. We apply the principles and recommendations of Invest Europe and the Finnish Venture Capital Association in our investor reporting.
Our investment criteria includes:
- Exceptionally talented founders with proven execution capabilities
- Rapid revenue growth over 100% year on year and high growth targets for the future
- Revenues over 5 million euros
- Employs around 50 people
- Significant market potential and scalable business model
Sustainability in operations
As part of the responsible investment policy EGP integrates the evaluation of Environmental, Social and Governance (ESG) issues into all stages of the investment process; from entry to exit. The goal is to guide our portfolio companies to integrate sustainability in their everyday business to increase long-term value. This is done by setting KPIs and monitoring progress together with the companies. In the long-term we also aim to ensure systematic carbon footprint evaluations in all our portfolio companies. EGP follows the UN PRI and Global Compact principles and Evli’s own guidelines on sustainable investing.
To date EGP portfolio includes four direct equity investments and four fund-of-fund investments. Our ambition is to make 8-10 direct investments from the first fund. The current portfolio includes Finnish NLP-based search engine Klevu Oy, Swedish podcast platform Acast AB, German micro-mobility company Tier Mobility GmbH and as the newest addition to our portfolio Refurbed GmbH, the Austrian marketplace for refurbished electronics. For more information on the portfolio visit egp.fi.
Our team consists of the leading entrepreneurs and investors of Finland. Our Growth Partners work both as investors in the fund and active advisors to our portfolio companies, providing their extensive networks and hands-on support through board work. EGP is further supported by the whole Evli organization.