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Elo Mutual Pension Insurance Company is a Finnish employee pension provider delivering statutory earnings-related pension insurance. It serves employers, entrepreneurs, and private individuals, ensuring their long-term financial security. Operating on a mutual basis, the company is owned by its clients and constitutes a key player in the Finnish pension sector.
Elo was established in early 2014, resulting from the merger of Pension Fennia and LocalTapiola Mutual Pension Insurance Company. This strategic consolidation aimed to create a more robust and efficient entity, streamlining the provision of statutory earnings-related pension insurance within the Finnish market.
The company serves a wide clientele, including Finnish employers, self-employed individuals, and private citizens, all seeking secure pension benefits. As one of Finland's largest earnings-related pension insurance companies, Elo’s vision is to diligently manage and invest pension assets, thereby safeguarding the retirement of its clients for future generations.
Elo Mutual Pension Insurance Company has 1 tracked investment across 1 company. The latest tracked deal is $320.0M Series B in IQM in September 2025.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Sep 1, 2025 | IQM | $320.0M Series B | TEN Eleven Ventures | World Fund, Bayern Kapital, EIC Fund, Schwarz Group, Juha Lehtola, Varma, Winbond |