Sunly’s green fund, equipped with tens of millions, closed its doors

Sunly’s green fund, equipped with tens of millions, closed its doors

The Sunly venture capital fund, equipped with approximately 30 million euros, decided to cease operations because not enough green technology start-up companies were added in recent years, said the manager of the fund and one of the shareholders, Erki Ani.

  • According to Erki An, closing the Sunly venture capital fund was a considered decision. Photo: Private collection

Ani told Äripää radio’s Thursday morning program that if a year and a half ago, when the fund was created, you could see the emergence of green seeds in a growing trend, where approximately 20 companies were founded a year that could have applied for money from the Sunly venture capital fund, but now only a few suitable seeds have appeared.

According to Ani, the probability of potential success stories also decreased as a result, and it seemed more expedient to terminate the venture capital fund Sunly Future Ventures. “A very tough, but realistic decision,” said Ani, who owned a 10 percent stake in the fund. Rasmus Uddel also had the same stake, 80 percent of the fund belonged to Sunly. At the same time, Ani emphasized that she and Udde had complete freedom to decide how to manage the fund.

In addition, Ani explained in more detail what troubles haunt the green district.

Kristjan Kurg talked to Erki Ani.

Sunly’s green fund with 30 million euros pulled the brakes at the last moment: there were too few sprouts left

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Source: www.aripaev.ee