Helmet SME Ventures II fund was founded in the beginning of 2002. The first closing was made then with the amount of over 13 million euros. Industry Investment participated to the fund's second closing in October. The total amount of Industry Investment's investment is 5 million euros. With the second closing the total capital of the fund rose to over 20 million euros.The fund invests in principal in well-established small-and medium sized companies, which still have great potential for further growth and productivity. The turnover of these companies is preferably over 10 million euro. The fund looks especially for companies that in addition to funding need strong support in the management to ensure the profitability and internationalization. Typical situations are for example change-of-generation arrangements, acquisitions, restructuring and funding of growth and internationalization. The fund has made four investment decisions beforeIndustry Investment's investment. The fund is managed by Helmet Venture Managers Oy.