Compliance

AIFM license

We are a registered Alternative Investment Fund Manager (AIFM). We are supervised by the Finnish Financial Supervisory Authority.

FVCA membership

Vendep Capital is a member of the Finnish Venture Capital Association (FVCA) and follows the association’s rules and guidelines.

Reporting and valuation guidelines

We follow Invest Europe’s Investor Reporting Guidelines in our investor reporting. The valuation of the portfolio is done in accordance with the International Private Equity and Venture Capital Valuation (IPEV) Guidelines.

Responsible investment policy

Vendep Capital invests responsibly. We follow our responsible investment policy which means that not only economic aspects, but also environmental, social and governance (ESG) issues are taken into consideration in investment decisions and ownership activities.

We conduct an annual ESG survey with out portfolio and publish the results: Vendep Capital ESG Report 2024.

Sustainable Finance Policy

Please read our mandatory disclosures under Regulation of the European Parliament and of the Council on sustainable-related disclosures in the financial services sector (EU) 2019/2088 (SFDR).

Adverse Sustainability Impacts Statement

“No consideration of adverse impacts on sustainability factors”

Currently, Vendep Capital does not consider adverse impacts of investment decisions on sustainability factors. The burden associated with considering adverse impacts on sustainability factors is disproportionate considering the very limited relevance that such impacts could have in the context of Vendep Capital’s investment strategy, as the Venture Capital funds managed by Vendep Capital invest in early-stage software companies in the Nordics and Baltics. Within the software economy, we do not expect adverse impacts on sustainability factors to occur regularly. Moreover, given that the SFDR and the accompanying Regulatory Technical Standards (RTS) are new legislative acts, there is very little practical experience or practice regarding applying their respective provisions.

Whistleblowing

Please use this form to report Finnish Anti-Money Laundering Act and Employees’, collaborators and business partners’ well-being related matters.

All communication is, of course, anonymous if you wish.

Our Ownership

Vendep Capital is fully owned by its personnel.

Our funds

Vendep Startup Fund I 5m€ (2013)
Vendep Capital Fund II 36m€ (2017)
Vendep Capital Fund III 70m€ (2021)

Funds’ investors

Pan-European Guarantee Fund – EGF: 23%
Government agencies: 19%
Funds of funds: 17%
Private individuals: 12%
Foundations: 10%
Insurance companies: 9%
Family offices: 9%
General Partners: 2%
Asset Managers: 1%
Corporations: 1%

Finland: 76%
Rest of Europe: 24%
Outside of Europe: 0%

Contact for media

Sakari Pihlava

Updated March 2022