Aboa Advest

Aboa Advest is a Family Office and investment company focusing on startups and other growth companies. Founded in 2015, we specialise in Business Model development and service concepts for startups. We assist in financing growth through our know-how and extensive network of partners. Since the very start of our company we have been particularly interested in impact investing: Impact investing generates a beneficial social or environmental impact, as well as a financial return. (*)

We are an active investor in Finnish startups and growth companies; we have made both direct investments into startups and we have also invested in two buyout funds (Evolver and Saari Partners) and one startup fund (Maki.vc). Our younger partners became shareholders in Aboa Advest in 2016: they bring their respective competencies to our team and add valuable perspectives to our analysis of investment proposals.

Investment Criteria 

Our investments focus mainly on Design and FoodTech, as well as ecological products and services based on sustainable business. We have invested in a good number of Finnish startups and growth companies in accordance with our criteria.

In any startup the core team is the most important asset. A good idea is a start, but its implementation and timing are crucial to success. The key characteristics of a winning team are agility and resilience, i.e. the capacity to learn and recover quickly from difficulties.

Our key investment criteria in a startup are:

  1. Team – a dedicated and multi-talented team is the key to success. When going global it’s good to have a cross-cultural team.
  2. Idea – the idea does not have to be unique, but it must be implemented better than the competition.
  3. Timing – are consumers ready to adopt the product and service. Product-market fit must be validated.
  4. IPR – Intellectual Property Rights, a patented product.
  5. Scalable Business Model – a global market.
  6. Go2Market Strategy – is it feasible with the resources in hand. Sales & Marketing skills are of essence. A global network is a real asset in entering new markets.

Our investment process includes these criteria and scoring points for the ecological and social dimensions, as well as the valuation of the company.

Services and method

Our passion is to help startups grow profitably. We specialise in Business Model development and Go2Market strategy for startups. Our services include advisory work and personal coaching. We help with marketing and communication, as well as service design together with our partners. Best customer experience requires true customer insight and co-design of the product with potential customers and users of the service. We also co-operate with the best experts in business law, communications, financial administration and growth finance.

We apply the Lean Startup method (build-measure-learn): “The Lean Startup method builds capital-efficient companies because it allows startups to recognize that it’s time to pivot sooner, creating less waste of time and money.” (The Lean Startup by Eric Ries, 2011).

Entrepreneurship is about resilience. This we do know from our own experience, as an entrepreneur and an investor in several startups and as shareholders in a more than 100-year old family business. We have adopted a long-term perspective on our investment portfolio; we expect a significant return in 10+ years time.  Hence we wish to share two quotes from the book ‘Zero to One: Notes on Startups, or How to Build the Future´(Peter Thiel, Blake Masters, 2014):

  • “Most of a tech company’s value will come at least 10 to 15 years in the future.”
  • “A startup is the largest endeavor over which you can have definite mastery. You can have agency not just over your own life, but over a small and important part of the world. It begins by rejecting the unjust tyranny of Chance. You are not a lottery ticket.”

(*) Source: Sitra, a fund operating directly under the Finnish Parliament, with focus on sustainable development.

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