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North Karelia Growth Fund invests in recently established and young companies from the region, particularly in the sectors of digitalization, forest and bio economy, photonics, travel and creative industries, and material sciences. First closing of the fund is EUR 6m and it consists of investments by the City of Joensuu (Finland), Centre for Economic Development, Transport and the Environment private investors and Redstone. Private investors include, among others Pohjois-Karjalan Osuuskauppa, Broman Group, Lähi-Tapiola, OP Bank, University of Eastern Finland.


Typical investment during the first round is EUR 25-150k in equity and including follow-on investments up to 500k. The fund is managed by Redstone partners Oskari Lehtonen and Kaj Hagros.

To qualify for investment, your startup will need to be domiciled in the region or otherwise have significant operations in the region - with a team that is capable of building scalable international business.

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