Supercell founded a venture capital company

Key employees of Supercell and venture capital firm Lifeline Ventures have announced the opening of an investment company.

She has €15 million at her disposal. This money is intended to finance young businesses from Finland and neighboring countries like Estonia and Sweden. A third of the amount came from Ilkka Paananen, CEO of Supercell.

The established company is managed by two founders of Lifeline Ventures, which, by the way, was among the successful Supercell investors in 2010.

The average amount of investments in the Finnish market is about €49 thousand. The established investment company will provide ten times more amounts, giving startups more time to "grow up". As Paananen noted, this is even more than business angels invest in promising newcomers from Silicon Valley at an early stage.

In the year of its inception, Supercell itself had €270 thousand of its own capital and $400 thousand of public investments in its wallet. During the first round of investments, she attracted €750,000 from Finnish and foreign investors.

Source: http://www.arcticstartup.com