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Evli Growth Partners

https://www.egp.fi

Last activity: 04.11.2024

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Invests in categories: MarketplaceMobility3DEdTechLearnPlatformOnlineE-commerceFurnitureProduct

Evli Growth Partners is a European later-stage VC based in Helsinki, Finland, investing in Series A & Series B with initial investments of 3-5 M€. We are entrepreneurial-led fund, backed by 5 serial entrepreneurs, and we have experience from +150 companies with +2 B€ of aggregate exit value.

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Location: Finland, Mainland Finland, Helsinki

Employees: 1-10

Founded date: 2018

Investment Type: Venture Capital

Investment Stage: Series A; Series B; Series C

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Portfolio 10

Date	Name	Website	Total Raised	Location
03.08.2022	Happeo	happeo.com	$46M	Netherland...
14.06.2022	Laserhub G...	laserhub.com	-	Germany, B...
12.04.2022	Perlego	perlego.com	$85.08M	United Kin...
23.03.2021	Tylko	tylko.com	$38.13M	Poland, Ma...
10.03.2021	Preply	preply.com	$220.82M	United Sta...
23.02.2021	CGTrader	cgtrader.com	$11.85M	Lithuania,...
17.03.2020	refurbed	refurbed.de	$130.95M	Austria, V...
-	Klevu	klevu.com	$24.34M	Finland, M...
-	TIER Mobil...	tier.app	$699.35M	Germany, B...
-	Acast	acast.com	$59.22M	Sweden, St...

News 36

Date	Title	Description
11.07.2022	Making sense of the internal information chaos	Anyone who has worked for a company with more employees than you can fit in a large meeting room has at some point spent an hour or two too long in finding that relevant document to finish a project. Or, they are missing (and ignoring) impo...
20.06.2022	Trainee blog: Redefining the ‘S’ in ESG	Environmental, social, and governance. In ESG, the ‘E’ is often most clearly measurable, as the units and the causal relations are often quite forecastable. At least compared to the ‘S’. ‘Social’ usually refers to managing relationships wit...
14.06.2022	On a journey to digitize a big industry – announcing our newest investment Laserhub	We have all been through tough times, especially in the last couple of years. Whether it has been the pandemic and the subsequent deaths and lockdowns or the brutal war happening near us (please remember to continue to support Ukraine!), th...
15.03.2022	Partnering with Perlego – the leading academic e-book subscription service	The best kind of businesses are often driven by the founders’ need to solve a problem that they have encountered. This need, call it purpose, often translates to a meaningful vision that drives everything the company does from the product t...
25.02.2022	Finnish start-up ecosystem: Free work spaces at Maria01 for our Ukrainian friends	Dear friends, It is hard to fathom the monstrosity that Russia’s regime and its autocratic leader are sowing in Ukraine as we speak. This war is not limiting itself to only Ukrainian citizens, but this is a gross violation of internation...
18.02.2022	Trainee blog: A deep dive into the world of venture capital	When I was writing my application to join the Evli Growth Partners team, I didn’t know much about the industry. However, I was above excited and completely confident that EGP is the perfect fit for me. Even though I knew I would learn a lot...
29.11.2021	From startups to scaleups – say hi to Pauliina!	Two weeks ago, we told you about Juuso coming onboard. Now, we are excited to let you know that he isn’t the only one joining the investment team. Pauliina Lämsä further strengthens the team, and here’s who she is. The team at Evli Growth ...
19.11.2021	Say hello to our newest team member!	The Evli Growth Partners team is excited to get Juuso onboard as an Associate Partner. At EGP, Juuso will be responsible for sourcing and leading new investments as well as supporting our founders in the portfolio. Having spent over 5 year...
20.09.2021	Trainee blog: In addition to funding, what can we as a VC fund bring to the table?	During my internship at EGP I was delighted to notice that unique value creation was something that EGP constantly thought about. In addition to varied tasks from market research to participation in building the investment cases and search ...
19.08.2021	“Doing well by doing good” – active ownership at the core of responsible investing with Evli Growth Partners	At Evli Growth Partners we uphold a strong mentality of “doing well by doing good”. We see sustainability and climate action as a key part of our ownership work and the growth support we provide our companies as active investors and board m...
19.08.2021	Sustainability highlights from Evli Growth Partners: concrete measures to drive value as an active owner	At Evli Growth Partners we back ambitious, impact-minded entrepreneurs driving transformation across industries. Some recent highlights include our lead investments into Refurbed, with a mission to cut electronics emissions by 70%, as well ...
05.08.2021	Continuing to drive the change towards sustainability in the electronics markets – Refurbed raises its Series B	When we initially invested in Refurbed back in early 2020, we were intrigued by the company on multiple different levels. First and foremost, Refurbed has always had a strong, purpose-driven and sustainable vision, which is driving every de...
28.04.2021	Likheterna mellan venture capital och värdeinvestering ur en trainees perspektiv	Då både Berkshire Hathaways årsstämma och min traineeperiods slut sammanträffar under samma vecka, är det ett passligt tillfälle för att reflektera traineeperioden och venture capital ur ett värdeinvesteringsperspektiv. För mig personligen ...
25.03.2021	The future of furniture: sustainable design from start to finish	At Evli Growth Partners, impact is a strong driver behind what we do – guiding the way we work, the companies we meet and eventually, the investments we make. When we first met Tylko, the company struck us with their strong transformative v...
23.03.2021	Announcing our newest investment in digital-first furniture company Tylko	To us, Tylko represents a truly transformative story. The company’s unique business model focusing on cutting-edge technology, premium design and high durability aims to set new standards across the industry. Over the past few years Tylko’s...
15.03.2021	Want to win over European investors? Remember these 9 tips	Ten years ago, I was a network engineer at Vodafone dreaming about my future. Today, I am the proud co-founder and CEO of Preply, a global marketplace for online language learning that connects 40,000 tutors teaching over 50 languages to ov...
11.03.2021	Evli Growth Partners joins forces with Preply – A truly global marketplace for online language learning	The way we see it, success is driven by people. Although often seen as a cliché, there is no doubt this wouldn’t be true for Preply. When we were first introduced to CEO Kirill and the team behind Preply, we were astonished by the exception...
23.02.2021	Transforming the visuals of the internet – Evli Growth Partners joins forces with CGTrader	When strong entrepreneurs meet vast and rapidly growing markets, great things happen. Combine that with a strong product and a novel business model that creates value to all parties involved, and you got us excited. That’s exactly what we ...
22.02.2021	Etänä läsnä – jugurttipurkkipuhelimesta apua?	Korona on muuttanut työn tekemistä pysyvästi. Vaikka osa porukasta halajaakin juuri tällä hetkellä kovasti toimistolle tapaamaan työkavereita, tullaan työtä tekemään tästä eteenpäin huomattavasti hajautetummin verrattuna aikaan ennen vuotta...
14.01.2021	Interview with Ari Korhonen on the Best-Performing Growth Engines in SaaS	You have +20 years of experience as an entrepreneur and 15 years as full-time investor with companies such as Klevu, MariaDB and DealDash in your investment portfolio. What is your best SaaS experience thus far, and which one have you learn...
11.12.2020	Trainee blog: Stepping into the world of venture capital	When I applied to Evli’s Internship program in January 2020, I was convinced that Evli is an excellent fit for me. I had discussed Evli with my fellow students and co-workers, who had worked at Evli either as a trainee or in a permanent pos...
03.12.2020	Turn challenges into opportunities and double down on them	Heading to 2020, both TIER and Klevu had a solid plan for execution. Treasuries were full from the previous funding rounds raised on Q4 of 2019, and both companies had ambitious growth targets for the upcoming year. Yet, like for all of us,...
30.11.2020	Meet our Industrial Advisors – here to support our portfolio companies	In the midst of Covid, with less interactions and physical meetings the importance of making personal connections becomes ever so important. To combat this challenge and to better support our portfolio companies with specific industry exper...
09.11.2020	Maailman paras taikuri – korona!	Väitetään, ettei Suomeen mahdu kuin yksi puheenaihe kerrallaan. Onneksi tuo yksi ja ainoa katoaa yhtä nopeasti kuin on ilmaantunutkin. Vai vieläkö joku muistaa mitä termi kipsisakka-allas pitikään sisällään? Korona sen sijaan on puheenaihe...
30.08.2020	Strong focus on sustainability: A-rating from UN PRI	At Evli Growth Partners we’ve started several actions to better help our portfolio companies with their sustainability efforts. Whether working on ESG Policies, KPIs, Carbon footprint mapping or improving the corporate culture – we’re here ...
27.08.2020	Marketplace metrics for early-stage fundraising	We in Evli Growth Partners are enthusiastic about tech-enabled marketplaces that create significantly value for all stakeholders in different sides of the market. Most of today’s leading companies are built on top of network effects, and we...
03.07.2020	Kuuden minuutin muna: Väärinymmärretty skaalautuvuus	Skaalautuva liiketoiminta usein väärinymmärretään Excel-rahana, jossa ylimmän rivin liikevaihdon kasvattaminen valuu automaattisesti, suoraan ja vähentämättä yrityksen alimmalle riville voittona. Tämä johtaa välillä koomisiin tilanteisiin p...
13.05.2020	Suunnitelmatalouden Zombiet ja Hyperinflaatiopeikot	Koronavirus aiheutti pandemian joka aiheutti suuren shokin maailmantaloudelle. Sen torjumiseksi eri maiden keskuspankit ovat ottaneet aseekseen määrällisen elvyttämisen (engl. quantitative easing) ostamalla erilaisia velkakirjoja markkinoil...
05.05.2020	Path to Private Markets	Few of us ends up doing what we imagined as kids. We can’t all be astronaut or president, there just isn’t a spot for everyone. But the real reason, in my opinion, is that we just don’t know about all the possibilities out there. Economics...
08.04.2020	Kim Väisänen: Pelastakaa yrittäjä Ryan – valtion varoilla?	Aloitetaan luvuista, ne ovat valtavia – ja valtavan synkkiä. Synkkiä etenkin, jos koronan aiheuttama kriisi kestää ajallisesti pidempään kuin muutaman kuukauden. Vuodessa suomalaisten yritysten yhteenlaskettu liikevaihto on noin 420 miljar...
17.03.2020	Building a sustainable change to the electronics market – Evli Growth Partners partners with Refurbed	The way we see it, great businesses are driven by a sustainable purpose. A strong and meaningful vision aligns the whole team behind the common goals, to create and build new technologies and business models to change the society as a whole...
15.03.2020	Is Your Start-Up Corona Ready?	First, we already know that COVID-19, or more familiarly the coronavirus, has already caused death, suffering and sorrow in a mass scale. We also know that it will still get much worse, before it gets better. My thoughts and prayers are wit...
09.03.2020	VC as a marketplace and other learnings from the first year in VC	Writing this post, Evli Growth Partners is a 15 months old Venture Capital fund (VC). Thus, even in a business of such rapid feedback loops as this, we are in the very beginning of our story. The same applies for me personally as a VC inves...
20.01.2020	New Year, New People	Petra joins Evli Growth Partners as Investment Manager from SEB after 3 years background in large corporate and financial analysis. She excelled in credit risk and financial statements assessment covering Nordic corporates in the commoditie...
22.11.2019	Joining forces with Klevu, the leading NLP-based search engine for e-commerce	Today, we at Evli Growth Partners are joining forces with Klevu, the leading natural language processing (NLP) based search solution for e-commerce. We are truly impressed by the technical capabilities and born-global attitude of the compan...
07.10.2019	Announcing our first investments, TIER and Acast	Today, we in Evli Growth Partners are proud to announce our first investments in TIER Mobility and Acast, the leading European companies of their fields. TIER, the fastest growing micro-mobility company ever, is in for a ride to change mobi...

Mentions in press and media 23

Date	Title	Description
05.11.2024	Yazen Health: A New Frontier in the Battle Against Obesity	In a world where obesity looms large, Yazen Health emerges as a beacon of hope. This Swedish telehealth platform has just secured €19.5 million in a Series A funding round, a financial boost that promises to catapult its mission to combat o...
04.11.2024	Swedish obesity healthtech Yazen raises €19.5M	Yazen Health, a telehealth platform targeted at patients with obesity-related health conditions, has closed a €19.5M Series A funding round. With this funding, the company plans to expand internationally. The funding round was co-led by Evl...
13.02.2024	Finland’s Bob W raises €40M in a Series B funding	Finland’s Bob W raises €40M in a Series B funding 13 February, 2024, 12:16 Mariia Denysiuk --> --> --> -->--> --> --> --> --> --> --> --> --> Helsinki-based tech-enabled hospitality operator Bob W h...
12.02.2024	Bob W, a European short-stay apartment rental marketplace, raises $43M	Bob W, a marketplace for premium short-term apartment rentals, has raised €40 million ($43 million) in a Series B round of funding. Founded out of Finland in 2018, Bob W touts itself as a “tech-enabled hospitality operator,” with some 3,000...
07.11.2023	Austrian online marketplace for refurbished products Refurbed secures €54M; surpasses €1B in GMV	Read this article in: Vienna-based Refurbed, the online marketplace for refurbished products such as smartphones, tablets and laptops, announced that it has secured €54M in a Series C round of funding. The investment was led by existing inv...
07.11.2023	Austrian Refurbed raises $57M in Series C funding round	Austrian Refurbed raises $57M in Series C funding round 07 November, 2023, 12:20 Mariia Denysiuk --> --> --> -->--> --> --> --> --> --> --> --> --> Refurbed, the marketplace for refurbished and upgr...
31.08.2022	Preply’s Unshaken Progress and Another USD 50M in Series C	Ukrainian online marketplace for language tutors Preply brought in another USD 50M of investment from repeated and new investors Its previous round was a little over a year ago, since then the platform doubled its user base Now, the company...
07.07.2022	Helsinki-based Happeo raises €25.4M to solve information chaos at fast-moving businesses: here’s how	Helsinki-based Happeo, a company that enables better communication and information flow within an organisation with the help of a social intranet platform, announced on Thursday that it has raised $26M (approximately €25.47M) in a Series B ...
15.03.2022	Confirmed: 'Netflix for textbooks' platform Perlego raises $50 million	Online academic books platform Perlego has raised $50 million in a Series B funding round via Mediahuis Ventures, Raine Ventures, and Evli Growth Partners, officially confirming a rumour we'd reported two weeks prior. No specific details we...
05.08.2021	Austria-based Refurbed raises €44.7M to build the Amazon for refurbished products; here’s how	Austria-based Refurbed has raised $54M (nearly €44.7M) in a Series B funding round led by Evli Growth Partners and Almaz Capital. It saw participation from existing investors such as Speedinvest, Bonsai Partners, and All Iron Ventures, alon...
05.08.2021	Refurbished electronics marketplace Refurbed raises $54 million in recent round	Vienna-based marketplace for refurbished electronics, Refurbed has raised $54 million in a Series B funding round. Refurbed is addressing the significant environmental impact of the electronics industry, and put more usable tech back out in...
29.03.2021	CGTrader Poised to Grow Its 3D Asset Platform in Europe After €7.8M in Funding	CGTrader is a Lithuanian 3D asset marketplace for both creatives and businesses. The company has its own, proprietary 3D visualization & Augmented Reality platform – ARsenal. The company has recently earned €7.8M in financing to grow it...
26.03.2021	Language Learning Platform Preply Lands USD 35MLN Less Than a Year After Previous Round	Language learning platform Preply receives USD 35mln in Series B round, less than a year after USD 10mln Series A round. The company was started in 2012, but their growth was particularly rapid last year. The investors are eager to back Pre...
23.03.2021	D2C furniture startup Tylko closes $26M Series C growth round led by Pitango and Evli	Polish startup Tylko, a modular furniture company that employs augmented reality as part of its sales cycle, has closed a €22 million ($26 million) investment Series C funding round, led by Israel-based Pitango Growth and Finnish Evli Growt...
23.03.2021	Warsaw-based digital-first furniture maker Tylko raises €22 million in series C round	Online-only and direct-to-consumer furniture maker Tylko has raised €22 million. The round was led by Israeli Pitango Ventures and Finnish Evli Growth Partners. Previous investors TDJ Pitango and Experior Venture Fund followed on. Notably, ...
23.02.2021	3D model provider CGTrader raises $9.5M Series B led by Evli Growth Partners	3D model provider CGTrader has raised $9.5 million in a Series B funding led by Finnish VC fund Evli Growth Partners, alongside previous investors Karma Ventures and LVV Group. Ex-Rovio CEO Mikael Hed also invested and joins as board chairm...
20.11.2020	Tech.eu Podcast #196: Arrival departs for Nasdaq, Santander buys Wirecard’s assets, and we talk to Riku Asikainen about e-scooters	The Tech.eu Podcast is a show in which we discuss some of the most interesting stories from the European technology scene and interview leading entrepreneurs and investors from across the region. This week, we talk about what’s going on in ...
17.03.2020	Refurbished electronics startup Refurbed raises $17M round, led by Evli Growth Partners	Renewed phones, laptops and tablets can be as much as 40% cheaper than their brand new cousins, working equally as well and, because they have been saved from the scrapheap, are therefore a great deal more environmentally friendly. Players ...
17.03.2020	Refurbed: Austria-based marketplace for refurbished electronics raises €15.5M funding to promote sustainable consumption	Refurbed, the marketplace for refurbished electronics promoting sustainable consumption, has raised $17 million (approx €15.5 million) in Series A round of equity financing from a group of reputable international investors. The lead investo...
-	Making workplace happier with better intranet, Happeo picks up €25.4 million	In a time when businesses need to centralise their knowledge more than ever, Helsinki’s Happeo has raised $26 million to boost better communication within an organisation with its social intranet platform. The Series B round was led by Ende...
-	Confirmed: 'Netflix for textbooks' platform Perlego raises $50 million	Online academic books platform Perlego has raised $50 million in a Series B funding round via Mediahuis Ventures, Raine Ventures, and Evli Growth Partners, officially confirming a rumour we'd reported two weeks prior. No specific details we...
-	Refurbished electronics marketplace Refurbed raises $54 million in recent round	Vienna-based marketplace for refurbished electronics, Refurbed has raised $54 million in a Series B funding round. Refurbed is addressing the significant environmental impact of the electronics industry, and put more usable tech back out in...
-	Despite the war, Ukrainian startup Preply raises $50 million for tutoring marketplace	Ukrainian-founded online language learning marketplace Preply has raised $50 million in funding. The Series C round was led by Silicon Valley-based Owl Ventures. Existing investors Diligent Capital, Hoxton Ventures, Educapital, Evli Growth ...

Evli Growth Partners

Portfolio 10

News 36

Mentions in press and media 23

Reviews 0