FVCA Yearbook 2006 - Suomen pääomasijoitusyhdistys ry

STATISTICS
corresponds to a quarter of all initial investments. The next highest investment numbers
were directed at seed (33, 21 %), other early stage (19, 12 %) and start-up (13, 8 %).
The industry distribution of initial venture capital investments followed an expected
pattern. Manufacturing industry received 40 million euros in 45 investments making it the
largest sector within initial investments. The other industry sectors by amount invested
were ICT (15 million, 24 investments), Life Sciences (14 million, 16) and services (12
million, 19).
Stage distribution of total investments
Most venture capital investments were allocated to the expansion stage, which received
77 million euros in 122 investments. The next largest stages by amount invested were
other early stage (47 million, 87 investments), seed (23 million, 75) and start-up (17 million,
71). Total figures for venture capital were 189 million euros and 373 investments
While buyouts and secondary financing transactions are usually large and dominate the
total investment amounts, early stage and expansion stage investments are typically
smaller and dominate investments by number. Early stage (seed, start-up, other early
stage) investments represented 55 % (56 % in 2004) and expansion stage investments 29
% (27 %) of the total number of investments in 2005. Buyouts and secondary financing
represented shares of 12 % and 2 % respectively.
Industry distribution of total investments
Receiving most venture capital euros in 2005 were the medical-related industries. With
a total of 37 million, the medical-related industries received 19 % of all venture capital
investments. Next largest amounts were allocated to computer-related industries (31
million, 16 %) and manufacturing (24 million, 13 %).
In buyouts, most euros went to industrial automation with a total of 35 million and a
share of 28 %. Also computer-related industries and consumer products had a large share
with 19 % and 14 % respectively. Buyouts’ total figures were 125 million euros and 50
investments.
Most investments in venture capital went to computer-related industries with a total of
89 investments, which corresponds to some 24 % of the total number of venture capital
investments (373). Second largest industry sector by number of investments were the
medical-related industries with 59 investments and a share of 16% of all venture capital.
The amount invested in companies classified as high-tech companies was 126 million
euros (40 % of total amount invested). The number of high-tech companies invested
29