Finnish Companies Raised Close To €51 Million In The First Half Of 2009
A new report by Technopolis Online, a for-pay information tool for all high-tech financing activities in Finland, states that Finnish high-tech growth companies raised almost €51 million in the first half of 2009, which is a 17% decrease from the first half of 2008. In addition, Q2 2009 decreased more than 50% compared to the prior year.
Let's break down some of these figures. To put things in perspective the €51 million was raised by total of 29 Finnish high-tech companies from both, venture capital and angel investors. This was 17% below the amount raised by 34 companies in the first half of 2008, and 74% below the amount raised by 26 companies in the second half of 2008. For anyone who has followed the recent trends, not surprisingly the second quarter of 2009 was the lowest quarter recorded since 2007.
