Impact Investing - Castrén & Snellman

Impact Investing

Impact investing is a growing global phenomenon. Interest in new forms of financing is also growing in Finland, where the public sector is struggling with cost pressures.

We are here to help our clients succeed in this new field, which is just taking shape. Our finance, public sector project and corporate form experts design legally insightful operating models that are tailored to the Finnish regulatory environment and harmonised with state aid and public procurement rules.

We speak the same language as the diverse operators in this field which enables us to bring them together. We also actively promote the development of the operating environment through domestic and international organisations, such as the European Social Enterprice Law Association (ESELA).

Latest references

FIM – Establishment of Fund to Promote Child and Youth Welfare

We advised FIM in the establishment of the SIB fund focused on promoting child and youth welfare, including drafting documentation and addressing taxation questions. Social impact bonds (SIBs) are a good example of a new form of investment, which seeks to achieve social goals in addition to financial profit. The SIB fund established in this project is managed by FIM together with the Finnish Central Union for Child Welfare, the participating Finnish municipalities and the Finnish Innovation Fund Sitra. The activities of the fund are guided by representatives of the municipalities, the Central Union for Child Welfare and partner organisations providing child and youth services. The assets of the fund are used to finance projects promoting child and youth welfare. The fund’s profit is tied to the achievement of joint welfare goals, and the cost savings achieved are distributed between the municipalities and the fund’s investors. The fund is intended for professional investors.

International reinsurance companies – Ad hoc arbitration proceedings

We successfully represented a panel of reinsurance companies in an international ad hoc arbitration. The dispute arose out of a reinsurance treaty under the terms of which the reinsurers had reinsured a portfolio of risks underwritten by the cedent. The parties disagreed as to whether the reinsurance provided coverage for a certain loss that had occurred because of the market turmoil caused by the Covid-19 pandemic. The case involved highly complex legal and contractual questions requiring special expertise on reinsurance law and practice. The arbitral tribunal rejected the counterparty’s claims for reinsurance compensation against our clients in full. The amount in dispute was approximately EUR 34 million.

byFounders.vc – DataCrunch’s USD 64 million Series A funding round

We supported byFounders.vc as the Finnish counsel in their investment in DataCrunch Oy in a USD 64 million Series A funding round. DataCrunch provides scalable AI compute solutions from energy-efficient data centers in Iceland and Finland. byFounders.vc is the community-powered early-stage venture fund investing in globally ambitious teams connected to the Nordic and Baltic countries.

Springvest – ReOrbit’s EUR 45 million Series A funding round

We advised Springvest Oyj in organising a EUR 45 million Series A funding round for ReOrbit, a space technology company and a leading provider of software-first satellites. It’s the largest all-equity Series A round in Finland and one of the most significant deals overall in the European space and defence sector. The purpose of the funding round is to support ReOrbit’s growth. The round consisted of a private placement reserved for professional and institutional investors, which included, e.g. Icebreaker.vc, Expansion VC, 10xFounders, Inventure VC, Varma Mutual Pension Insurance Company, and Elo Mutual Pension Insurance Company, and an EUR 8 million public share offering, which was oversubscribed within 4.5 hours. Springvest is a Finland-based investment firm that connects unlisted growth companies with investors. ReOrbit builds sovereign satellites and connected systems for national security.

Latest insights

21.10.2019 – Impact Investing What is ‘green’ or ‘sustainable’ investment? EU might have the answer 2.10.2025 – Environment, Energy & Green Transition Fingrid extends restrictions on new energy storage facility connections in Southern Finland until 2029

Konsta Peussa

Marius af Schultén

Konsta Peussa & Marius af Schultén

12.9.2025 – Capital Markets & Public M&A Surely the preparation of interim reports does not need to be an insider project in the future?

Janne Lauha

Teresa Kauppila

Sakari Sedbom

Janne Lauha, Teresa Kauppila & Sakari Sedbom

9.9.2025 Launching C&S MBA Highlights Programme

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