About us

Growing small- and medium-sized enterprises is our speciality. This is evidenced by the rapid growth of our portfolio companies and successful exits.

Investment strategy

We are a reliable, partner and we are actively looking for companies that have the following:

  • Typically EUR 2 - 20M in revenues
  • A sound business strategy
  • A talented, experienced and committed management team
  • The potential to achieve a strong market position
  • Predictable and stable cash-flows
  • Significant prospects for growth

As an active investor, we support the company and the management on the shared growth track.

Our funds

Korona Invest is a management company with total capital commitments of EUR 155 million and three private equity funds. Terveysrahasto Oy was founded in 2006, Palvelurahasto I Ky in 2011, and Korona Fund III in 2016. Investors in Korona Invest’s funds include Sitra, a number of Finnish foundations, insurance companies and private investors.

1. Terveysrahasto Oy - Health services - Closed
2. Palvelurahasto I Ky - Services - Value creation phase
3. Korona Fund III Ky - No industry restrictions - Investment phase

Korona Fund III

Pension institutions

24%

Institutions

21%

Corporate investors

13%

Family offices

13%

Insurance companies

10%

Public sector

8%

Pension companies

8%

Other

3%

Palvelurahasto I Ky

Institutions

45%

Public sector

15%

Corporate investors

12%

Family offices

10%

Pension institutions

8%

Pension companies

5%

Insurance companies

4%

Other

1%

Terveysrahasto Oy

Public sector

38%

Institutions

37%

Pension companies

13%

Insurance companies

11%

Others

1%

History

Vesa Lehtomäki and Pasi Lehtinen founded the management company in 2006. The first fund eastablished was Terveysrahasto Oy. Today a total of EUR 155M € has been raised in three funds.

Responsible investing

Korona Invest is committed to responsible investing. Korona Invest is registered with the Finnish Financial Supervisory Authority (limited AIFM) as a private equity firm. We are 100% owned by our employees. At Korona, responsible investing includes social, environmental and responsible corporate governance in our investment activities. Equality and well-being at work are important values for us, as they encourage employees to develop their expertise. Our investment philosophy is guided by the shared interests of our investors, entrepreneurs and the customers of our portfolio companies, i.e. citizens. Korona's socially responsible approach can be described as investing in domestic enterprises that use best practices in the industry. We are a reliable owner in all our portfolio companies through active board memberships, where we promote financial, social and environmental responsibility.

Korona is committed to complying with the rules of the Finnish Venture Capital Association regarding transparency. The fair values of the target companies are determined by the international valuation guidance commonly used in the field, applying the International Private Equity and Venture Capital Valuation Guidelines. In addition, Korona follows agreements with investors. Korona's primary responsibility is to manage customer funds to achieve its investment objectives. Korona's responsible investment principles work to support this goal.