Finnfund

Finnish Fund for Industrial Cooperation Ltd. (Finnfund) is a development finance company based in Helsinki, Finland, that specializes in providing long-term risk capital for private projects primarily in developing countries and transition economies. Established in 1980, Finnfund focuses on direct investments in small and medium enterprises, offering equity capital, mezzanine financing, and investment loans, typically ranging from EUR 1 million to EUR 10 million. The firm actively seeks to co-invest with Finnish companies and supports ventures utilizing Finnish technology, while also prioritizing projects that generate significant environmental or social benefits. Finnfund strategically avoids investments in sectors such as weapons production, gambling, and activities involving forced or child labor, adhering to strict ethical guidelines. Its investment areas include agribusiness, cleantech, renewable energy, health services, and infrastructure, with a particular interest in countries such as China, Bangladesh, and various African nations. Finnfund aims to contribute to sustainable development by financing projects that align with Finland’s development cooperation objectives.

Jussi Ahonen

Senior Investment Manager

Helena Arlander

Deputy CEO

Arnaud Defrance

Investment Manager

Jaakko Kangasniemi

Managing Director, CEO

Kuutti Kilpeläinen

Investment Manager

Mikko Kuuskoski

Associate Director

Noah Law

Investment Manager

Minnamari Marttila

Director of Administration

Jari Matero

Associate Director

Ari Nironen

Senior Investment Manager

Ilkka Norjamäki

Senior Investment Manager

Markus Pentikäinen

Investment Manager

Markus Pietikäinen

CIO

Johanna Raehalme

Investment Manager

Pasi Rajala

Director of Communications

Ulla-Maija Rantapuska

Investment Manager

Paula Saarinen

Senior Investment Manager

Niklas Simola

Investment Associate

Olli Sinnemaa

CFO

Tuomas Suurpää

Senior Investment Manager

Helena Teppana

Associate Director

Antti Urvas

Associate Director

Past deals in Myanmar

Proximity Designs

Venture Round in 2020
Proximity Designs is a non-profit organization founded in 2004 that focuses on improving the livelihoods of farmers in Myanmar through innovative agricultural solutions. The organization designs and manufactures a range of farming equipment, including sprinklers, solar irrigation pumps, and hand-powered water pumps. In addition to its agricultural products, Proximity Designs offers agronomy advisory services, social services, and agricultural financing through Proximity Finance, a microfinance institution that currently serves approximately 100,000 households with plans to expand significantly in the coming years. The organization aims to promote sustainable farming practices and enhance economic opportunities for rural communities in Myanmar. Headquartered in South Pasadena, California, it also operates an office in Yangon, Myanmar.