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North Karelia Growth Fund operates as a regional venture capital fund, investing in young companies within the North Karelia region. Its focus spans digitalization, forest, and bio-industry sectors. The fund provides strategic capital, enabling local ventures to scale and expand market presence.
Managed by Redstone Nordics Oy, the fund lists Kaj Hagros, a digital business strategist, as General Partner. This initiative stems from the insight that targeted financial support accelerates regional economic development. Its formation underscores a commitment to fostering innovation and growth across North Karelia’s emerging business landscape.
The fund benefits nascent companies in North Karelia seeking growth capital aligned with its investment criteria. Its vision is to catalyze regional prosperity, ensuring promising local businesses receive resources to achieve full potential, driving economic vitality and sustainable development throughout the region.
North Karelia Growth Fund has 1 tracked investment across 1 company. The latest tracked deal is $3.3M Seed in Redkik Inc. in February 2022.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Feb 9, 2022 | Redkik Inc. | $3.3M Seed | Simon Burton, MS&AD Ventures | Fintech Ventures Fund, Plug And Play |