Kovanen Capital Oy
Helsinki family office of the Kovanen family, founded 1978 in transport; since selling its transport businesses in 2017 it makes private equity, real estate and listed investments.
USEFUL FOR Business owners seeking a long-term partner · Co-investors
Family & background
- FAMILY
- Kovanen
- WEALTH ORIGIN
- Transport services (Kovanen passenger transport and Kovanen Logistics, sold in 2017)
- HEADQUARTERS
- Helsinki, Finland
- FOUNDED
- 1978
Investment approach
- STAGES
- Growth
- ROUTES
- Direct investments
- STRATEGIES
- Private equityReal estatePublic equitiesDirect investments
Overview
Kovanen Capital Oy is a family company founded in 1978 with roots in the Kovanen transport business; in 2017 it sold its passenger transport business and Kovanen Logistics Oy and now operates as a family office investment company. Its activity consists of private equity, real estate and stock market investments. In direct investments it seeks an active owner role in growing service-sector companies, with holdings in Innovation Home and Sport Travel Group; it sold its entire stake in Skipperi in 2023. The second generation, led by CEO Eeva Kovanen, owns and runs the company, with an external chairman since December 2025.
Investment thesis
In direct investments, seeks an active owner role as a capital investor in growing service-sector companies, providing intellectual as well as financial capital.
Holdings & investments (3)
- Real Estate & PropTech
- Consumer & E-commerce
- Consumer & E-commerce · Exited
People
Classification
Single Family Office. Manages one family's own capital, with no outside investors. The family bears every loss. How family capital is classified →
FAQ
Kovanen Capital Oy is a single family office based in Helsinki, Finland, founded in 1978.
Kovanen Capital Oy invests on behalf of the Kovanen family (Transport services (Kovanen passenger transport and Kovanen Logistics, sold in 2017)).
Kovanen Capital Oy invests directly in companies. Its stated asset mix includes private equity, real estate, public equities and direct investments.
Kovanen Capital Oy invests at Growth stage in Consumer & E-commerce and Real Estate & PropTech.
Key people at Kovanen Capital Oy include Eeva Kovanen (CEO; Board Member; principal owner), Heikki Kovanen (Founder; Board Member), Hanna Honkasalo (Partner, Marketing and Communications; Board Member; principal owner) and Tuomas Helle (Chairman of the Board).
Kovanen Capital Oy's holdings and investments include Innovation Home, Sport Travel Group and Skipperi.
The most recent publicly reported investment by Kovanen Capital Oy is Innovation Home (Buyout of co-founder's shareholding), announced in Dec 2025.