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 otto.kukkonen@devco.fi
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.