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Conor Venture Partners

100 MUSD Under Management from Institutional Investors

Focused Investment Strategy

Early stage only

Core technology and IPR pool relevant for value creation

Finland, Nordics, Baltics

Investment size: 0,5 - 8M€ per company, milestone based

Conor Concept

Silicon Valley operating model – speed, up rounds, cycles

Actively involved with portfolio companies

Active syndication with leading international VCs

Experienced Partners

Relevant industry experience

Significant VC experience

Solid Track of Conor Technology Fund I Ky and II Ky

Conor Team

Jari Mieskonen, 53, Managing Partner Founder of Eqvitec Partners Oy

Head of seed and early stage investments at Sitra

IPR management Finntech Oy

Manu Mäkelä, 42, Partner, founder Investment Director at Holtron Ventures

Investment Director at Eqvitec Partners

Investment banker, Robertson & Stephens

Jarkko Penttilä, 43, Partner Partner at Eqvitec Partners

Manager, Ericsson Business Innovation

Operational industry experience from Ericsson

Chris Barchak, 42, Partner Principal at Fidelity Growth Partners Europe in London

Associate at Index Ventures in London

10+ years operational software industry experience

MIT CS Masters and Bachelors, INSEAD MBA

Sami Ahvenniemi, 42, Senior Advisor, Investment Director at Holtron Ventures

CEO of SSH USA

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Conor Investment Areas – Focus on Core Technology and Globally Scalable business

Consumerization

of Enterprise

Software

Smart Sensors

and Internet of

Things

Data Analytics

Mobile and

Related

Services

Enabling Digital

Services

Enabling Software

Development

The Nordic model: an environment where innovation flourishes

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Sources: The Economist

PRIVATE & CONFIDENTIAL

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Representing a disproportionately large part of Europe in terms of performance

Sources: Venturesource Liquidity Data (2012), EVCA

4% population

15% VC investment

20%+ VC returns

PRIVATE & CONFIDENTIAL

Segmented market: Equity Based Technology Growth Financing

Seed Start-up Early Stage Spin-out/

Buyout

BB

Expansion

Investment

Size

Investment

Stage

Conor

Nexit, Baltcap, 3TS,

Inventure, VNT, Martinson,

Creandum, ASI, Verso, Troika

Northzone, SunStone, VIA, TeSi,

Bankinvest, Index, EarlyBird, DFJ,

Accell, Sentica, NGP, SEB, ETF,

Dawn, RISE,+ corporations

CapMan, MB, EQT, Trigon, IK, Intera, Vaaka

Avera, Vigos, Smartcap,

angels, Crowd, Butterfly 0,5

3,0

5,0

+10

LifeLine, Open Ocean, More&More,

Vision+, Butterfly, Regional.

European tech companies surpassing ~ USD 1 bn valuations – Unicorns are here as well

Private & Confidential 8 30.11.2015

Source: Holtzbrinck Ventures, EIF

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Conor Technology Fund I Ky – Portfolio maturing

Company Business Co-investors

Aito Technologies Business management tool for

mobile operators Exit to EXFO

Crystalsol New photovoltaic material for

solar panels ConCap, ARAX

Eniram Energy efficiency systems for

vessels based on trim control

Ferd Venture, Finnish Industry

Invest

Imbera Electronics Advanced packaging technology

for the electronics industry

Exit to GE, Global market

leader

Networks Engine for

Objects in Lund Database for ’networked’ data

structures

Sunstone Capital, Fidelity,

angels

PlexPress High throughput gene

expression process

Vera Venture, VTT Venture,

HUR

Supponor Systems Real-time live sports TV digital

billboard replacement

Norhtzone Ventures, Sports

Investment Partners

Conor Technology Fund II Ky – Portfolio build up phase 1/2

Company Business Co-investors

Sensinode / FIN Software and radio protocols and

platforms for ’internet of things’

Exit to ARM, Global market

leader.

Scint-X / SWE Scintillators for next generation digital

X-rays

Praktiker Invest, STING Capital,

Vinnova

Behaviosec / SWE Behavior-based identity theft prevention

solutions to address online fraud

problems

Northzone, Octopus Investments

AnaCatum / SWE High performance mixed signal

conversion semiconductor IP Exit to Fingerprint Cards

TactoTek / FIN

3D structural electronics by integrating

printed circuitry and discrete electronic

components into injection-molded

plastics

VTT Ventures, RISE

Conor Technology Fund II Ky – Portfolio build up phase 2/2

Company Business Co-investors

Omegawave / FIN Training optimization service for

professional and recreational

athletes

Sitra, angels

Sticky / SWE On-line visual effectiveness

analytics for brand display ads Northzone

FitsMe / EST Fitting solutiosn for clothing on-line

retail

Smartcap, Entrepreneurs Fund,

exit to Rakuten

Scoopshot / FIN Crowed sourced images for actual

and relevant content FII, angels

Verto Analytics / FIN Cloud-based measurement

services across the digital world Open Ocean Capital

Zervant Online invoicing solution for SMEs Angels

Blackwood Seven Unified software platform to plan,

optimize, execute, and evaluate

campaigns across all media

Sunstone, Vaekstfonden, SEED