Canelco Capital

Canelco Capital Oy is a private equity and venture capital firm based in Helsinki, Finland, with an additional office in Kuopio. Established in 2009, Canelco focuses on investing in startups and early-stage companies, as well as engaging in management buyouts, recapitalizations, and turnaround efforts. The firm has a broad investment strategy across various sectors, particularly favoring information and communication technology, biotechnology, environmental technology, life sciences, mechanical engineering, and industrial services. Canelco primarily targets small and medium-sized enterprises, typically investing between €0.084 million and €10 million in companies with enterprise values ranging from €0.063 million to €10 million. The firm prefers investments in the Finnish regions of Kainuu, North Karelia, Northern Savonia, and Uusimaa, among others, and generally seeks minority stakes in its portfolio companies.