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Independent Nordic Advisory Services

Corporate finance for companies with good intentions.

Good Ventures is an independent corporate finance advisor to Nordic growth companies, corporations and investors. We raise capital, run M&A from scouting to post-merger integration, and transact energy and infrastructure assets.

What we do Industry focus
What we do

Advisory across the whole deal cycle

Every mandate we take is one of three jobs — raising capital, buying and selling, or making the deal deliver. Each is grounded in transactions we have actually run: growth rounds, energy-infrastructure SPVs, asset sales, target screenings and integrations across the Nordics.

01

Capital Raising & EU Funding

Equity rounds, investor identification and public funding — advising the company throughout. Investment memoranda, valuation positioning, curated investor targeting and negotiation through to closing, with EU instruments like the EIC Accelerator, European Innovation Fund or EIB loans built into the capital plan.

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02

M&A Advisory & Operational Partners

From target scouting and valuations through deal structuring and negotiations to post-merger integration. Buy-side, sell-side and the part most advisors skip: making the deal work after signing through our Operational Partner support.

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03

Infrastructure & Energy Transactions

Project SPVs, built-asset sales and investor search in the energy transition — priced, structured and negotiated on the owner's behalf. BESS, DCs, EV charging and Green Molecules.

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Who we work with

Three kinds of clients, one deal discipline

Growth & scaling companies

Companies with a proven business raising their next round or financing their next project — in energy, climate, the built environment and technology-enabled industries.

  • Capital raising strategy, valuation positioning and investor targeting
  • Investment memoranda, financial models and pitch materials
  • EU funding and grants integrated into the capital plan
  • Term-sheet negotiation through to closing

Corporations & owners

Established Nordic companies buying, selling and restructuring — and the boards and family offices who own them.

  • M&A scouting: target long-lists and detailed analysis
  • Valuations, deal structuring and negotiation support
  • Divestments and asset sales, including energy infrastructure
  • Post-merger integration that delivers the deal case

Investors & private equity

Funds, family offices and institutions who need deal-side judgment from people who have owned and governed the underlying assets.

  • Commercial due diligence with first-hand sector knowledge
  • Market screening and target analysis in our sectors
  • Valuation and deal-structure advice on transactions you originate
  • Add-on screening, post-merger integration and exit preparation
Services

Corporate finance, end to end.

Independent advisory across the whole deal cycle: raising capital, buying and selling companies and assets, and making transactions deliver after signing. Senior-led, evidence-based, and paid the way owners are — on outcomes.

01

Capital Raising & EU Funding

Equity rounds, project financing and public funding for growth and scaling companies. Transactions run end to end across the Nordics.

Raising capital is a full-time job the management team doesn't have time for. We run it as a project: a business review that makes the equity story honest, materials investors can act on, a curated target list of family offices, institutions and strategics — and active facilitation from first meeting to signed term sheet.

What's included

  • Fundraising strategy, timeline and valuation positioning
  • Investment memoranda, teasers, pitch materials and financial models
  • Curated investor identification on the company's behalf — family offices, institutional and industrial investors, corporate strategics
  • Direct introductions, meeting facilitation and due-diligence coordination
  • Term-sheet negotiation and closing support, with monthly progress reporting
  • EU funding and grants (e.g. EIC Accelerator) integrated into the capital plan
From the field: capital-raising mandates for a carbon-capture cleantech, a geothermal heating pioneer, a circular-commerce platform and an advanced-manufacturing scale-up — plus an EIC Accelerator application for a clean-air technology company. Success fees tied to closing on every mandate.
02

M&A Advisory

From target scouting to signed deal to working integration — valuations, structuring and negotiations by people who have sat on both sides of the table.

Most deals fail before the negotiation or after the signature: the wrong target, the wrong price, or an integration nobody owned. We cover the full arc — finding the counterparty, valuing it honestly, structuring the deal, negotiating it through, and staying until the integration delivers the case that justified it.

What's included

  • M&A scouting: target long-lists and detailed analysis on buy-side, investor-buyer search on sell-side
  • Valuations — companies, projects and assets, grounded in sector evidence
  • Deal structuring: equity, SPVs, earn-outs, carve-outs
  • Negotiation support from term sheet to SPA
  • Commercial due diligence with first-hand sector knowledge
  • Post-merger integration: 100-day plans, KPI frameworks and follow-through
From the field: green-energy M&A target screening for a major Finnish infrastructure company, commercial due diligence for a Nordic private-equity fund on deal timelines, and negotiation mandates where the senior partner sits in every meeting.
03

Infrastructure & Energy Transactions

Project SPVs, asset sales and investor search in the energy transition — where our board-level sector experience is deepest.

Energy and infrastructure deals live or die on structure: who owns the SPV, who carries the construction risk, what the offtake is worth. We have governed these assets from the board and now transact them — matching Nordic projects with the family offices, institutions and industrial investors who hold them long.

What's included

  • Investor search for project SPVs — advising the project owner from teaser to signed investment
  • Sale of built infrastructure assets to institutional and industrial investors
  • Project valuation and deal-structure design
  • Market screening and target analysis in green energy and infrastructure
  • Stakeholder and offtake negotiations alongside the owner
From the field: mandated by a Swedish renewable-energy company to find and negotiate investment partners for its green e-methanol project SPV, and by an energy developer to find the investor-buyer for a fully built, grid-connected 9 MW / 18 MWh battery energy storage asset (~€7M). Sector depth from board roles in geothermal energy and data-center development.
How we work

Boutique by choice, senior by default

I

Numbers before narrative

Valuations and recommendations arrive grounded in sector evidence — interviews, comparables, real unit economics — not adjectives. We have run the companies we now value.

II

The partner does the work

The senior partner you meet is the one in the data room and the negotiation. Weekly working cadence, monthly progress reports, no leverage pyramid.

III

Paid on outcomes

Success fees tied to closing on capital and M&A mandates. We have co-invested alongside our clients. Our incentives point the same way yours do.

IV

Beyond the signature

We stay through due diligence, closing and integration — because a deal is only good if it still looks good two years later.

Industries & cases

Sector knowledge earned by doing.

Our team's industry depth was not researched — it was gained through working hands-on alongside our clients and with our co-investment companies. Through board seats, advisory and deal-side roles across our portfolio of 20 Nordic companies, and the corporations, owners and private-equity firms around them, we know what these businesses are worth and who buys them. Every case below is a real mandate executed by Good Ventures' team members.

Green Energy Infrastructure

Our densest sector — projects, assets and capital

Board work: geothermal and solar heating, cooling and electricity as-a-service. On the advisory side, live and recent mandates span project financing advisory, asset sales, growth capital and market screening.

E-fuels · Project financing

Swedish e-fuel developer

Mandated to find and negotiate infra-type investors for a €1,5bn target investment in five green e-methanol projects: investment memorandum and teaser, pre-approved investor longlist across family offices and institutional investors, stakeholder engagement and deal preparation toward close.

Energy storage · Asset sale

Battery energy storage divestment

Engaged to find the investor-buyer for a fully constructed, grid-connected battery energy storage (BESS) asset: auxiliary market optimization strategy, investment materials, outreach to family offices and industrial and institutional investors, meeting coordination and deal-structure support.

Climate tech · Growth capital

Carbon-capture technology company

Ran the growth round end to end: business review, investment memorandum, curated investor list spanning VC, family offices and strategics, direct facilitation and term-sheet support — on a success-fee model aligned with the owners.

Geothermal · Growth capital

Geothermal heating pioneer

Fundraising support for a renewable-heating company with a strong project pipeline: investor targeting, presentation materials, due-diligence coordination and term-sheet negotiation for a multi-million-euro round.

Infrastructure · Market screening

Major Finnish infrastructure company

Two focused mandates for top management: a go-to-market strategy presentation grounded in desktop research and interviews, and a screening of green-energy and energy-infrastructure companies in the Nordics with detailed target analysis.

Built Environment

Our deepest roots

Board work: real-estate development, location intelligence, IoT networks and computer-vision property services. Advisory engagements run from concept development to service business strategy for the companies that build and operate the built world.

Construction · Concept development

Listed Nordic construction group

Developed and validated a flexible-workspace business concept: stakeholder interviews with property owners, investors and facility managers across Finland, Sweden and the UK, mapped to business models the group could actually operate.

Smart buildings · Service strategy

Nordic building-technology manufacturer

Seven-month engagement to turn an IoT platform into a recurring-revenue service business: customer interviews, competitive benchmarking against global BMS players, three iterated concepts, and a go-to-market plan with committed pilot customers.

Real estate · Concept innovation

Major Finnish property owner

Joint proposal with a leading interior-design agency to position a landmark Helsinki property as an international hub for innovation and sustainability — café and lobby concepts, smart elements and immersive experiences designed to differentiate the asset.

Access technology · Thought leadership

Global digital-locking company

Prepared and delivered the market-outlook keynote presentation at the client's international security conference — the built-environment and smart-building perspective their audience of partners and customers came for.

AI & Applied Data

Governed as boards, delivered as value

Board work: forest-analytics AI with globally leading accuracy, computer vision automating real-estate services, and AI-driven personalization for e-commerce. On the advisory side, we help large organisations find where AI creates measurable business value.

Telecom technology and AI

Global telecom-technology leader

Value-discovery phase for AI: a structured assessment of where AI practice creates measurable business value, delivered within the client's strict scope and governance framework.

Industrial tech · Investor outreach

Advanced-manufacturing scale-up

Focused two-month mandate for a technology scale-up: curated investor introductions from a named target list, meeting facilitation and term-sheet negotiation support for a growth round — senior partner personally on every meeting.

Circular Economy & Foodtech

Where consumption gets rebuilt

Board work: resource-efficient smart molded structures replacing conventional electronics assembly. Advisory mandates cover circular commerce, sustainable protein and the reinvention of food retail.

Circular economy · Growth capital

Circular-commerce growth company

Investor and buyer identification for an established resale platform: valuation strategy, cap-table work, investment materials and weekly coordination through the raise.

Foodtech · Sustainable food-industry

Foodtech pioneer

Worked with a Finnish foodtech company turning food-industry side streams into sustainable protein — supporting the company's growth-funding work as it scales from proven technology toward industrial production.

Data Centers · EV Charging · Biodiversity & Forestry

Project development and asset management

In three further industries our depth comes directly from portfolio board work — experience we bring into due diligence, market screening and capital mandates.

Data Centers

Nordic data-center development

Board-level experience in real-estate and data-center development — the intersection of land, power, connectivity and capital where the Nordic data-center wave is decided. Directly adjacent to our energy-infrastructure and BESS transaction work.

EV Charging

Two sides of eMobility

Board-level positions in a pioneer of EV-charging systems for the real-estate segment and in an API-first open charging platform. We know both the hardware-in-buildings play and the software-platform play — and their very different capital needs.

Biodiversity & Forestry

Nature as an asset class

Board work in forest analytics — globally leading accuracy in forest data for owners, industry and carbon markets — and in a nature-as-a-service company bringing plant-based air purification into offices. Measured and monetized honestly.

For private equity & Family Offices

Deal-side judgment from the owner's chair

All of this industry depth has one destination: better transactions. For private-equity firms, family offices and professional owners we deliver due diligence, valuations, divestments and capital raises — informed by having owned and governed the underlying assets, not just analysed them.

Family Office Venture portfolio

Major Finnish Family Office Growth Portfolio operational management

Multi-year partnership governing and day-to-day managing investments, board work, divestments and capital raises for a portfolio of 15 Nordic growth companies with own skin-in-the-game.

Engineering · Venture portfolio governance

Leading Swedish engineering consultancy

Multi-year partnership designing and running the investment process for a five-venture portfolio: investment criteria, stage gates, KPI dashboards, financial projections with IRR per venture, and quarterly growth boards facilitated by us — an owner's portfolio managed with investor discipline.

Private equity · Due diligence

Nordic private-equity fund

Commercial due diligence and deal support on investment timelines — sector expertise in the built environment applied where a generalist DD provider would start from zero.

Portfolio

Companies we've backed, fundraised for, and helped grow.

Seed to later-stage Nordic companies spanning the built environment, energy, mobility, health, climate and software — supported as operators, board members and co-investors alongside our investor partners. This portfolio is where our industry knowledge was earned.

20
portfolio companies, seed to later growth stages
€40M+
invested alongside our investor partners
8
industries covered — energy to foodtech
2
home markets — Finland and Sweden
Good Ventures — Portfolio

Built, funded and governed with our investor partners

Companies where we have worked as operators and board members while our investor partners provided the capital — typically €1–2M initially, with follow-ons.

CareGubbe Oy logo

Elderly care at home provided by people who seek a purposeful part-time job.

MaterialsTactoTek Oy logo

A smarter, more efficient and sustainable way to develop unique user experiences with smart molded structures.

WorkplaceNaava Oy logo

"Nature-as-a-Service" company providing offices with plant-based air-purifier furniture.

Green EnergyVoltan Lähinergia Oy logo

Renewable heating, cooling and electricity as-a-service through self-developed, funded and operated geothermal and solar solutions.

ClimateCollectiveCrunch Oy logo

Biodiversity and forestry analytics company using AI to deliver highly accurate forest analyses globally.

Proptech6Sense Innovations Oy logo

Computer vision to automate real-estate services such as parking, security and retail.

Data CentersHyperco Oy logo

Real-estate and data-centre development company.

MobilityParking Energy Oy logo

Pioneer in EV charging system development focusing on the real-estate segment in Europe.

Real EstateSuomen Asuntoneuvoja Oy logo

Real-estate development with a full-service model for investors.

IoTConnected Innovations Oy logo

Turnkey IoT solutions provider and local Sigfox 0G network operator in Finland and Estonia.

DataChaos Architects Oy logo

Location-intelligence company that lets companies integrate their own data and fuse it with hyper-local location data.

HealthtechBuddy Healthcare Oy logo

Automated medical care pathway management for public hospitals.

MobilityeMabler Oy logo

Making eMobility more accessible with an API-first and open EV charging platform.

SaaSFrosmo Oy logo

SaaS company offering an AI-driven personalization tool for e-commerce websites.

StoneCreek Advisory

Direct investments

Long-term holdings made directly by our parent company, StoneCreek Advisory Oy Ab, across food technology, proptech and engineering software, coaching and climate analytics.

Food TechFoodiq Oy logo

Finnish green food-technology company reinventing the future of dairy through its patented Multi-Layer Cooker (MLC) technology.

ProptechAECMaster Oy logo

Intelligent 3D AI platform for digital real-estate asset management (formerly Lily AI Oy).

Climate · ForestryCollectiveCrunch Oy logo

Forestry analytics company using AI to deliver highly accurate forest analyses globally.

CoachingHintsa Performance Oy logo

World-leading performance coaching company trusted by the world's top performers: F1 World Champions, Fortune 500 CEOs, founders, political leaders, artists and global organisations.

FintechBefunders LLC logo

Ukraine's first stock crowdfunding platform, connecting Ukrainian startups with investors looking to fund Ukrainian defence companies.

Data CenterColchian Infrastructure AB logo

Swedish data-center developer providing the landlord layer of Nordic AI.

About

Good is a strategy, not a slogan.

Good Ventures was built on a simple belief: companies with good intentions — good for people and the planet — can outgrow everyone else, if the capital behind them is raised, structured and deployed with the same care.

Where we come from

Investors first, operators always

Good Ventures started in 2022 on the investor side of the table: we advised and co-invested in 15 Nordic portfolio companies, from seed to later growth stages, with €40M+ invested alongside our investor partners. Elderly care, geothermal energy, forest analytics, EV charging, smart buildings — companies that make something measurably better.

That history shapes how we advise today. We ask the questions an investor asks — unit economics, evidence, governance — and then we do the work most advisors skip: the models, the investor meetings, the negotiations, the integration after closing.

Today, Good Ventures is an independent corporate finance advisor across Finland and Sweden, with sector depth in the built environment, energy and climate infrastructure, and technology-enabled industries. Our clients are growth companies raising capital, corporations and owners buying and selling, and private-equity firms and family offices that value deal-side judgment from people who have owned the assets.

What we believe

Three convictions we won't trade away

Good intentions, hard evidence

Purpose without proof is a poster. Every recommendation we make arrives with the interviews, numbers and market evidence behind it — because good intentions deserve to win, not just to mean well.

Depth beats breadth

We work in sectors we know from the inside: the built environment, energy, climate and infrastructure. When we screen a market or open our network, we start from knowledge — not from a blank slate.

Aligned incentives

Success fees on transactions we close. Co-investment where it fits. Stage gates on our own engagements. We structure every mandate so that we win when the client wins — and only then.

Contact

Start with the problem, not a pitch.

One call. You describe the transaction — a raise, a sale, an acquisition, an integration — and we tell you honestly whether we're the right advisor for it.

Anders Stenbäck, Founder & Managing Partner of Good Ventures

Who you'll work with

Anders Stenbäck

Founder & Managing Partner

Anders works hands-on with founders, owners and boards across the Nordics — leading capital raises, M&A and infrastructure transactions from valuation and structuring through negotiation, closing and integration. He is also CEO of StoneCreek Advisory Oy Ab, Good Ventures' parent company.

"We don't hand over a deck and leave. We stay long enough to own the outcome."

Reach us directly

Email
anders@goodventures.fi
Phone
+358 45 223 1130
LinkedIn
Good Ventures Ltd
Office
Koukkuniementie 23, 02230 Espoo, Finland
Company ID
FI33026389
Finnish eInvoice
003733026389 (Apix)
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Good Ventures

Koukkuniementie 23, 02230 Espoo, Finland
+358 45 223 1130

Good Ventures Oy provides corporate finance advisory — advice on capital structure, strategy and mergers & acquisitions — as ancillary services referred to in Chapter 2, Section 3 of the Finnish Investment Services Act (747/2012). We do not provide licensed investment services or investment advice on financial instruments.