PRESS RELEASE 14 March 2016 DevCo Partners strengthens its
PRESS RELEASE 14 March 2016 DevCo Partners strengthens its investor base Supercell CEO Ilkka Paananen and two partners from Lifeline Ventures, Timo Ahopelto and Petteri Koponen, invest in DevCo The new anchor investors significantly strengthen DevCo’s competences and contact network related to digitalization and development of scalable business models DevCo is an active owner which supports growth of medium-sized companies DevCo Partners strengthens its investor base and competences related to digitalization and scalable business models, as Supercell CEO Ilkka Paananen and two partners from Lifeline Ventures, Timo Ahopelto and Petteri Koponen, invest in DevCo. In addition to the new investors, DevCo’s anchor investors include, for example, long-term business owners and investors Antti Herlin and Georg Ehrnrooth. ”Digitalization is one of the strongest megatrends of our time and will continue to impact and create opportunities across a broad range of industries. We are very pleased to have Ilkka, Timo, and Petteri onboard as anchor investors”, says Otto Kukkonen, one of DevCo’s three founding partners. “DevCo aims to accelerate the growth of medium-sized Finnish companies and thus to take part in building new large Finnish companies. I find this an inspiring mission which is also important for the Finnish economy, and I am excited about this opportunity to support the competent team of DevCo”, says Ilkka Paananen. More information: Otto Kukkonen, Partner Tel +358 50 346 3487 Email [email protected] DevCo in brief DevCo is an investment company which supports medium-sized Nordic companies to grow. DevCo focuses on individual investments into medium-sized companies which typically have revenues of €50 to €500 million and have considerable growth potential. DevCo offers operational support to initiate and implement well-defined development programs, best-in-class individuals on the Board, and long-term financial resources to support future growth. DevCo is a Finnish limited company and is backed by strong anchor investors.
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