Weak private-market fundraising conditions
Springvest's fee income depends on completing equity rounds for growth companies.
- Scope
- Finland growth financing market
- Materiality
- high
Springvest Oyj
Springvest is a Finnish investment services company that organizes equity funding rounds for unlisted growth companies and takes minority stakes in the businesses it helps finance. It operates from Finland and is listed on Nasdaq First North, combining capital raising services with a portfolio of private-company equity holdings.
13
3.27
3.20
| % | |
|---|---|
| Capital raising services | 60% Organizing equity rounds and placing shares for unlisted growth companies. |
| Placement and transaction fees | 25% Fees earned from executing funding rounds and related investor transactions. |
| Portfolio equity investments | 15% Minority ownership stakes in target companies financed through Springvest rounds. |
Springvest serves Finnish unlisted growth companies that need equity financing, typically technology-oriented...
- Unlisted growth companiesprimary
Companies that buy Springvest's fundraising and placement services to raise equity capital for growth.
- Growth investorsprimary
Individuals and other investors who subscribe to funding rounds to gain exposure to private Finnish growth companies.
- Portfolio company stakeholderssecondary
Founders and existing owners who benefit from Springvest-arranged capital and broader investor access.
Springvest's business is centered in Finland, where it sources growth companies, investors, and portfolio holdings...
- •Finland is the core market for fundraising and investor sourcing
- •Helsinki is the company's home base and operating center
- •Portfolio companies are mainly Finnish unlisted growth businesses
- •Business activity depends on Finnish capital-market conditions
- •No meaningful international operating footprint is disclosed
Springvest's strategy is to connect Finnish growth companies with investors and to deepen its role as a long-term...
01
Scale funding-round originationshort-term
More and larger rounds increase fee income and broaden the deal pipeline.
02
Grow the portfolio of minority holdingsmedium-term
Equity stakes create upside from successful exits and long-term value creation.
03
Strengthen position in Finnish growth capitallong-term
A stronger market role improves access to quality issuers and investors.
Springvest is exposed to the health of the Finnish growth-company financing market, which can weaken when investor...
Portfolio valuation declines
Minority stakes are carried at fair value and can be marked down if company prospects worsen.
- Scope
- Unlisted portfolio companies
- Materiality
- high
Delayed or failed exits
Returns from portfolio holdings depend on M&A or listing events that may not occur on schedule.
- Scope
- Exit-dependent equity holdings
- Materiality
- medium
Macroeconomic and geopolitical uncertainty
Higher rates, inflation, and geopolitical stress can reduce investor risk appetite.
- Scope
- Finnish and broader European sentiment
- Materiality
- medium
Fair value measurement of unlisted equity holdings
Can materially change balance sheet value and profit or loss
Timing of fee revenue from funding rounds
Affects comparability of reported revenue across periods
Impairment and write-downs on portfolio companies
Can create large one-off losses in the income statement
Capital adequacy and regulatory own-funds reporting
Affects balance sheet resilience and operating flexibility
: 11/08/2026