“FiBAN has proven to be a crucial channel of smart money and support for the early phase of a company. FiBAN has pushed many early-stage companies on their path to growth and many business angels have found their wings through FiBAN to support these companies further.” says fresh-elected Chair of the Board 2022 Annukka Mickelsson.

The elected board consists of seasoned business angels and well-known entrepreneurs: Kim Väisänen, Elina Koivumäki, Eljas Repo, Esa Kinnunen, Noora Fagerström and Tuomas Pahlman.

The network is happy that startups are finally recognized in public: “Our mission is to match promising early-stage companies with competent investors. Success stories are born when they are made.” Mickelsson says.

36M euros invested into 321 startups in 2020

In 2020, business angels invested altogether 36M euros into startups. According to comprehensive statistics by FiBAN, a typical angel investment round in Finland is at 200.000-250.000 euros. 
FiBAN is actively supporting the proposal of a business angel co-investment fund proposed by the Steering Group for Domestic Ownership, set by the Ministry of Economic Affairs and Employment.

“Finland is lacking behind its Nordic peers. We should aim to raise the median angel investment round to 400.000-500.000 euros, to ensure faster growth in the larger markets”, Mickelsson continues.

More information:

Annukka Mickelsson, Chair of the Board
+358 50 339 0963, annukka.mickelsson@kerroin.fi

Aija Bärlund, Managing Director
+358 40 6810245,aija.barlund@fiban.org