North Karelia Growth Fund
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. 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.