Lifeline Ventures – a new-generation VC investor
Lifeline Ventures is a business accelerator that invests in early-stage health, web and games start-ups aiming for global category leadership. Its founders Petteri Koponen, Timo Ahopelto and Ilkka Paananen are experienced entrepreneurs.
Lifeline Ventures expanded its resources in March 2012 with the launch of the Lifeline Ventures Fund I, in which Ilmarinen Mutual Pension Insurance Company, FoF Growth, the Finnish Innovation Fund Sitra, Finnvera, Troll Ventures, Juuranto Invest and Lifeline’s founders invested €20 million. FoF Growth is a fund jointly founded by Finnish Industry Investment Ltd and Finnish pension funds.
Only IT and healthcare companies with the potential to be world-class leaders make it into the portfolio of new-generation VC investor Lifeline Ventures. An investment prospect must meet three strict criteria. The first of these is the potential to transform into a potential market leader or to create an entirely new market around a product. The second investment criterion is strong growth potential, with the target being net sales exceeding €100 million at the time of exit. The third criterion is linked to the expertise available within the growth company. At least one key person able to grow with his/her company must be among the founders.
“We only want to participate in projects that are sufficiently ambitious. The involvement of international investors, who are only interested in big opportunities, is also a decisive factor,” says Timo Ahopelto of Lifeline Ventures.