Conor Technology Fund II investors at first closing include the European Investment Fund, Finnish Industry Investment, Etera Mutual Pension Insurance Company, Veritas Pension Insurance Company, Atine Investment Partners and FoF Growth managed by Finnish Industry Investment and bringing in several major Finnish investors.

“We are very proud to announce our second fund at a size well above its original first closing target,” said Jari Mieskonen, managing partner at Conor Venture Parters.

“While working on final closing of the new fund by the end of the year, we look forward to continue investing in great Nordic and Baltic companies such as Imbera, Supponor, and Eniram in our first fund.

"The technology focus of the new fund remains unchanged, while its geographic reach will be slightly wider. We are looking for world class initiatives to be grown into global success stories. The strong initial investor pool gives wide grounding to build it up to final closing.”

“Conor is an established venture capital fund manager and we look forward to starting co-operation with Conor, with potential to develop and commercialise young companies successfully,” said Esko Torsti, Chairman of the Investment Committee of FoF Growth and Director at Ilmarinen Mutual Pension Insurance Company.

“Being very satisfied with the performance of Conor’s first fund, it was self-evident continuum for Etera to join their second fund at first closing,” said  Tatu Hemmo, Portfolio Manager at Etera Mutual Pension Insurance Company.

“We are delighted to participate in Conor’s new fund,” said Mr. John Holloway, Director, Transaction and Relationship Management at the European Investment Fund. “We have followed Conor since its establishment in 2005 and our investment is proof of our continuing support for this excellent team. It also fulfils the objective of the EU Competitiveness and Innovation Framework Programme by encouraging the development of entrepreneurship and innovation in the region.”

The investment portfolio includes:
Aito Technologies Inc analytic tools to optimize telecoms' operations for maximum revenue.
Crystalsol Inc  with CTZS solar,
Eniram Inc performance optimisation software for ships
Imbera Electronics Inc an Integrated Module Board integrating active &  passive components in an organic PCB structure
Neo Technology Inc Neo4j leading OS graph database. In 24/7 production since 2003, Neo4j is available under AGPLv3 & commercial license terms.
Plexpress Inc specialised in gene expression analysis technology to advance biological science, drug discovery, crop science & diagnostics.
Supponor Systems Inc a digital billboard replacement system for TV broadcasts, DBRLive allows brand owners, event organisers & broadcasters to alter marketing messages for different areas, regions and target groups - all in a live sports broadcast.