Frequently Asked Questions (FAQ)

1. What is Voland Partners, and how does it differ from a typical private equity investor?

Voland Partners is a growth investor specializing in the development of technology companies, making minority investments in growing Finnish tech firms. Voland is not a passive financier but acts as an active co-entrepreneur. In practice, this means the Voland team participates in the company’s strategic development, board work, and operational support alongside the entrepreneur. The goal is to multiply the company’s value, not merely to provide funding.

2. What kind of companies does Voland invest in?

Voland invests in profitable, technology-driven Finnish growth companies with a proven business model. Typically, the target company has a turnover of €10–50 million and employs hundreds of people. Voland seeks ambitious entrepreneurs with a desire to grow, including internationally.

3. What size investments does Voland make?

Voland makes minority investments through its Voland Technology Growth Fund. Initial investments typically range from approximately €4 million to €8 million, with the potential for follow-on investments in subsequent years. The latest fund, Voland Technology Growth Fund II—launched in 2026—has a size of €120 million and will invest in approximately ten companies over a four-year period. The first fund, valued at €57 million, was launched in 2022 and made eight investments.

4. How Large Are Voland's Funds?

The latest fund, Voland Technology Growth Fund II, launched in 2026, has a size of €120 million and will invest in approximately ten companies over a four-year period. The first fund, valued at €57 million, was launched in 2022 and made eight investments.

5. How many investments does Voland make from a single fund?

6. When were Voland's funds launched?

The latest fund, Voland Technology Growth Fund II, launched in 2026, has a size of €120 million and will invest in approximately ten companies over a four-year period. The first fund, valued at €57 million, was launched in 2022 and made eight investments.

7. What Does Voland Mean by Co-entrepreneurship?

Co-entrepreneurship is a growth capital model in which, alongside financial investment, it is essential to provide the founders and management of portfolio companies with hands-on support for business development and internationalization. Voland assesses the company’s current state, collaboratively plans a growth strategy, and contributes expertise to both operational activities and board work. The goal is to unlock the company’s full potential in partnership with the entrepreneur.

8. Does the entrepreneur retain decision-making power if Voland comes on board?

Yes. Voland typically makes minority investments, so the entrepreneur retains majority ownership and decision-making power in the company. The partnership is based on shared goals and supporting the entrepreneur's growth objectives.

9. At what stage of growth does my company need to be for co-entrepreneurship with Voland to add value?

The growth entrepreneurship model is particularly valuable once a company’s revenue exceeds the threshold of approximately 10 million euros. At this stage, in addition to capital, the company requires experience in taking the right strategic steps and support for internationalization.

10. What concrete support does Voland offer after the investment?

Voland offers entrepreneurs and management support for systematic strategy development and execution, a network of advisors for board work, access to operational and specialist talent, integration of ESG into growth strategies, and support for internationalization—all based on a proven value-creation model.

11. What kind of technology companies are in Voland's portfolio?

The portfolio of Voland’s first fund comprises Balanco, Flovi, IQI, Luxid, Norrin, PlusTerveys, Readpeak, and Receptum. The portfolio companies have a combined turnover of approximately €240 million, employ over 1,500 people, have grown at an average annual rate of around 27%, have completed a total of 15 acquisitions, and operate in 17 countries.

12. What is Voland’s approach to responsibility and ESG?

Voland views ESG as a strategic growth driver rather than merely a compliance matter. Voland helps its portfolio companies identify ESG-based business opportunities alongside ESG risks and integrate sustainability into their growth strategies. Voland complies with the requirements of Article 8 of the EU’s SFDR and is a signatory to the United Nation's Principles for Responsible Investment (UNPRI).

13. Is Voland a Reliable Investor: Who Owns the Company and Who Funds It?

Voland Partners was founded in 2021 and is owned by Voland’s partners. The fund’s investors include, among others, Tesi, Elo Mutual Pension Insurance Company, Valio Pension Fund, the Finnish Medical Society Duodecim, the Technology Industries of Finland Centennial Foundation, and OP Life Assurance Company. Voland is a registered alternative investment fund manager (AIFM) supervised by the Finnish Financial Supervisory Authority (FIN-FSA) and a member of the Finnish Venture Capital Association (FVCA) and Invest Europe.

14. What kind of experience does Voland’s team have with high-growth technology companies?

The Voland team has held numerous senior leadership positions in the technology sector, both in Finland and internationally, for over 20 years. The team has a proven track record of successfully leading businesses and possesses firsthand understanding of the demands faced by companies in a growth phase. For this reason, Voland is not an outside observer, but a partner in entrepreneurship.

15. How can I contact Voland?

Contact us directly: fill out the contact form on voland.fi or send an email to veera.sylvius@voland.fi. The primary contact person is CEO Veera Sylvius (tel. +358 400 658 589).

Voland evaluated over 2,000 companies during the lifetime of its first fund. We actively seek out the best entrepreneurs, so please feel free to get in touch.