Compliance
Our Funds
OpenOcean is the brand name of all companies managed by the OpenOcean Team. The summary of OpenOcean’s funds, management company entities and general partner entities is presented below:
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Open Ocean Fund 2020 Ky is supported by InnovFin Equity, with the financial backing of the European Union under Horizon 2020 Financial Instruments and the European Fund for Strategic Investments (EFSI) set up under the Investment Plan for Europe. The purpose of EFSI is to help support financing and implementing productive investments in the European Union and to ensure increased access to financing.
Open Ocean Fund Three Ky is supported by the European Union through the Competitiveness and Innovation Framework Programme (CIP).
AIFM License
OpenOcean’s management companies are registered alternative investment fund (AIF) and EuVECA managers. We are supervised by the Finnish Financial Supervisory Authority (FIVA).
General Partners
OpenOcean’s funds are managed by our General Partners: Patrik Backman, Tom Henriksson and Ralf Wahlsten.
Reporting and Valuation Guidelines
Our fund reporting and valuation is in compliance with the AIFM laws and follows guidelines issued or endorsed by Invest Europe.
FVCA Membership
OpenOcean is a member of the Finnish Venture Capital Association (FVCA) and follows the association’s rules and guidelines. You can read more about the association’s rules and guidelines through the following link.
Whistleblower channel
OpenOcean has adopted a Whistleblower channel in accordance with the Act on the Protection of whistleblowers and Directive (EU) 2019/1937 on the protection of persons who report breaches of European Union law. Our employees and third-parties (e.g. suppliers and customers) can access the channel here to anonymously submit the report referred to in the act.
