Venture capitalists invest in EpiCrystals
Tampere based EpiCrystals inc. has received 6 MEUR of venture finance. Round was accomplished by Finnish Industry Investment Ltd and VNT Management Oy. In exchange both VC companies received remarkable amount of shares of EpiCrystals that develops advanced light sources.
Director of Finnish Industry Investment Henri Grundström was justifying the investment by EpiCrystal's "revolutionary techniqe, potential for markets and and right persons working for it"
EpiCrystal was founded 2003 by Tomi Jouhti and Janne Konttinen. Company currently has less than 50 employees.
Read the full article below(in Finnish)
Location: Helsinki, FinlandWebsite: http://www.teollisuussijoitus.fiFinnish Industry Investment Ltd is a government-owned investment company. It invests the proceeds accrued from the privatisation of state-owned companies in stimulating the growth and internationalisation of Finnish businesses.Finnish Industry Investment invests in venture capital funds and directly in growth companies, together with private co-investors. The targets are in all sectors. Capital investments are needed for financing the growth of investee companies, and for spin-offs, major industrial investments, and sector and corporate restructurings.
The investments of Finnish Industry Investment amount to over MEUR 570.
Source: Talouselämä
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