Evli Growth Partners

Investment decisions are driven by the partnership team led by Managing Partner Riku Asikainen, alongside Partners including Tero Tuominen and a group of Growth Partners such as Mikael Hed, Mikko Kuitunen, Kim Väisänen, and Ari Korhonen. The firm emphasizes a consensus-oriented approach rooted in the operating experience of its partners.

The firm relies heavily on the personal networks and operating reputations of its Growth Partners, many of whom are former European founders and CEOs. By leveraging decades of entrepreneurial experience and the relationships built through building and exiting companies, the team identifies and accesses Series B opportunities before they reach broad auction processes.

Evli Growth Partners is structured as an asset manager and private equity firm, not a single family office. While it shares the founder-centric ethos common among family offices, it operates a targeted institutional funding program and deploys capital across a diversified portfolio of European startups.

Evli Growth Partners makes direct investments, primarily leading or co-leading growth rounds. The firm's public materials do not indicate an active fund-of-funds or LP commitment strategy; its model centers on deploying its own program capital directly into later-stage venture-backed companies.

The firm primarily targets Series B rounds, occasionally participating in Series A deals. It deploys an initial check of roughly €10 million per investment, with a total targeted program size of €300 million.

The firm concentrates most of its sourcing and investment activity in the Nordics and Baltics but evaluates opportunities across all of Europe. Portfolio companies like Bob W, Planity, Perlego, and TIER Mobility reflect this pan-European reach.

Although the 'Evli' name is shared with the publicly listed Finnish financial services group Evli Plc, Evli Growth Partners operates as a distinct, independent growth equity platform. The firm's team and investment program are managed separately, without public indication of operational integration into Evli Plc's asset management business.