Aura Capital Oy
Aura Capital Oy is the private equity and venture capital arm of the Finnish Auratum Group (owned by Rausanne Oy), investing in technology companies and managing AKR closed-end real estate funds. It serves institutional investors, corporate tenants, and residential buyers in Finland through its Turku and Helsinki operations.
- Company typePrivate
- Founded1997
- HeadquartersTurku, Finland
- Headcount1–10
- GTM typeB2B and B2C
- OfferingServices
What Aura Capital Oy does
Aura Capital Oy is the private equity and venture capital arm of the Auratum Group, a Finnish real estate and investment group owned by Rausanne Oy, a Turku-based family business. Founded in 1997 and headquartered in Turku with operations in Helsinki, Aura Capital has historically invested in early-stage technology companies (Bluegiga Technologies, Continuent, Confidex, IonPhasE, AW-Energy) and has generated notable exits including the 2015 sale of Bluegiga to Silicon Labs for approximately €54 million and the 2014 sale of Continuent to VMware.
The Auratum Group operates through several wholly-owned subsidiaries: Auratum Kiinteistöt Oy (real estate investment and development, managing a portfolio valued at approximately €400 million), Auratum Asunnot Helsinki and Turku (residential development, combined with Newil&Bau at year-end 2023), and Aura Pääomasijoitus Oy (private equity). The firm pioneered the AKR closed-end real estate private equity fund concept in Finland, launching multiple vintages (AKR Tuotto, AKR Tuotto II, AKR Verto, AKR Suomi, AKR Aura) with individual fund sizes of €25-30 million in own capital and up to €85 million in total investment capacity.
Revenue is generated through three principal streams: fund management fees (typically 1.5-2% of committed capital) and carried interest on successful exits; rental income from a commercial real estate portfolio anchored by logistics, retail, and healthcare tenants (DSV Solutions, Itella, Kespro, K-Market, Mainio Vire); and one-time proceeds from residential development sales (Skandium, Universum, Kupittaanpuisto, Solaris Naantali). Distribution is exclusively direct, with no intermediary or reseller structure; institutional fund investments are placed through senior management relationships, commercial leasing is handled by the asset management team, and residential sales are conducted through dedicated in-house sales teams in Helsinki and Turku.
Aura Capital Oy firmographics
Firmographics- Name
- Aura Capital Oy
- Legal name
- Aura Capital Oy
- Website
- https://auratum.com
- Company type
- Private
- Founded year
- 1997
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Aura Capital Oy is the private equity and venture capital arm of the Finnish Auratum Group (owned by Rausanne Oy), investing in technology companies and managing AKR closed-end real estate funds. It serves institutional investors, corporate tenants, and residential buyers in Finland through its Turku and Helsinki operations.
- Ownership category
- akta.pro rank
Aura Capital Oy industry classification
Industry- Product category
- Real Estate Investment & Private Equity
- NAICS
- Portfolio Management and Investment Advice (523940), Other Financial Investment Activities (5239), Other Financial Vehicles (52599)
- SIC
- Real Estate Dealers (For Their Own Account) (6532)
- akta.pro primary industry
- Family Office Advisory & Outsourced CIO (OCIO) (FSAAADAC)
Keywords
Where Aura Capital Oy is headquartered
LocationHeadquarters
- HQ city
- Turku
- HQ country
- Finland
- HQ region
- Europe
Offices2 records
Markets served
Aura Capital Oy business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Others
Revenue model
- Real Estate Investment & Development: Auratum Kiinteistöt acquires, develops, and sells commercial and residential real estate. Revenue is generated through property appreciation, rental income from held assets, and proceeds from property dispositions. Residential development (Auratum Asunnot) sells completed apartments to end buyers.
- Fund Management Fees & Capital Gains: Aura Capital and Auratum Kiinteistöt manage AKR closed-end private equity real estate funds. Revenue includes fund management fees (typically 1.5–2% of committed capital) and carried interest / performance fees on successful exits. Major exits (Bluegiga, Continuent, IonPhasE, Confidex) generated significant capital gains for the fund.
- Property Rental Income: Commercial properties (offices, logistics, retail) generate recurring rental income under long-term leases. Tenants include DSV Solutions, Itella, Kespro, K-Market, and public sector entities.
Go-to-market motion2 records
Distribution channels4 records
Marketing channels5 records
Aura Capital Oy product offering
Product offeringCore offering
Aura Capital Oy is the private equity and venture capital arm of the Auratum Group. Through its subsidiaries, the group acquires, develops, and manages commercial and residential real estate; manages closed-end AKR private equity real estate funds for institutional and private investors; and invests in technology companies with successful exits including Bluegiga, Continuent, and Confidex. Activities also include direct residential apartment development and sales under the Auratum Asunnot brand in Helsinki and Turku.
Product overview
Aura Capital Oy operates as part of the Auratum Group (Auratum-konserni), a Finnish real estate and investment group. The group consists of multiple business units: Aura Capital Oy handles private equity and venture capital investments; Auratum Kiinteistöt Oy manages real estate investment and development; and Auratum Asunnot (with separate Helsinki and Turku operations) focuses on residential property development. The group also operates a series of real estate capital funds (AKR funds) for institutional and private investors. The group is owned by Rausanne, a Turku-based family investment company.
Differentiator
Problem solved
Functional benefit
Products and services
- Auratum Kiinteistöt (Real Estate Investment & Development) Commercial real estate investment, development, asset management, and property management services for institutional and private investors. Operates a managed real estate portfolio valued at approximately EUR 400 million spanning office, retail, logistics, and healthcare properties.
- Auratum Asunnot (Residential Development) High-quality residential apartment development and sales in prime Helsinki and Turku locations including Töölö, Munkkiniemi, Lauttasaari, Kaartinkaupunki, Taivallahti, Kupittaa, and Naantali. Develops and sells premium urban apartments with strong design and quality focus.
- AKR Real Estate Private Equity Funds Series of closed-end real estate capital funds (AKR Tuotto Ky, AKR Tuotto II Ky, AKR Suomi Ky, AKR Verto Ky, AKR Aura Ky) managing commercial and residential properties on behalf of institutional and private investors. Management fees typically 1.5–2% of committed capital with carried interest on exits.
- Aura Pääomasijoitus (Private Equity & Venture Capital Investments) Private equity and venture capital investment activities focused on Finnish technology and growth companies. Notable historical investments and exits include Bluegiga Technologies (sold to Silicon Labs for ~€54M in 2015), Continuent (sold to VMware in 2014), IonPhasE (sold to Croda International in 2017), and Confidex.
Quantifiable outcome
- 91% customer satisfaction index among Kupittaanpuisto residents, significantly above Taloustutkimus benchmark of 68%
- +3 more outcomes
Companies that use Aura Capital Oy
Customer profileNamed customers7 records
Segments4 records
Ideal customer profiles4 records
Aura Capital Oy technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Aura Capital Oy partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered core and minor.
- Newil&Bau OycoreAt year-end 2023, Auratum Asunnot Turku and Auratum Asunnot Helsinki combined their operations with Newil&Bau, a residential developer founded in 2020 specialising in high-quality housing projects in the Helsinki metropolitan area. The business transfer included all Auratum Asunnot staff in both cities. Rausanne Oy became a shareholder in Newil&Bau as a result. Existing projects remain with Auratum Asunnot; new projects will be developed under Newil&Bau using the Auratum brand and expertise.
- Eläkevakuutusyhtiö VeritascoreVeritas and Auratum Asunnot Helsinki conducted a joint architectural design competition (with Helsingin kaupunki and Suomen Arkkitehtiliitto SAFA) for the Töölön sairaala area redevelopment. Veritas acquired the property from HUS and partnered with Auratum for residential development. The partnership also includes the Taivallahden Kasarmi project where Auratum and Veritas previously collaborated.
- SkanskacoreAuratum Asunnot Turku and Skanska Talonrakennus Oy partnered on multiple residential projects including Asunto Oy Solaris Naantali (77 apartments, €9M+ construction contract) and Asunto Oy Universum Turku. Skanska serves as general contractor on Auratum residential developments in the Turku region.
- Premico Group (formerly Asuntoverstas)minorAuratum Kiinteistöt Oy and Premico Group established a joint fund to develop approximately 1,600 rental apartments during 2017–2019. The partnership combined Auratum's property development expertise with Premico's rental housing management capabilities.
- Croda International (acquirer of IonPhasE)minorAura Capital (with >65% ownership since 2006) sold IonPhasE Oy to UK-listed Croda International Plc. IonPhasE, established 2001 and headquartered in Tampere, is a leading manufacturer of static dissipative polymer additives (permanent antistatic additives) for ESD protection applications.
- PreqinminorAuratum Kiinteistöt ranked #1 globally among unlisted real estate fund managers in Preqin's annual performance report. Preqin is the leading alternative assets data provider, covering private equity, venture capital, and real estate fund managers internationally.
- Silicon Labs (acquirer of Bluegiga Technologies)minorAura Capital Oy sold its >80% stake in Bluegiga Technologies Oy (short-range wireless solutions including Bluetooth and Wi-Fi modules) to NASDAQ-listed Silicon Labs in February 2015. Total deal value was approximately €54M. Aura Capital had been the majority owner since 2005 and built the company from early stage.
- Confidex Oy (management and international investor group buyers)minorAura Capital Oy and Rausanne Oy sold their combined ~70% stake in Confidex Oy (RFID and short-range data transmission technology, market leader in industrial RFID tags and public transport contactless tickets) to the company's management together with an international investor group in February 2015. Confidex had grown revenue nearly 500% from 2008 to exit.
- VMware (acquirer of Continuent)minorAura Capital Oy sold its stake in Continuent (open-source database clustering technology) to VMware in February 2014. Aura Capital had been the largest shareholder with 55% ownership. The transaction was one of the largest in Aura Capital's history. Continuent's technology (developed in Finland 2002) became the basis for VMware's future hybrid database services.
- Evli Pankki (acquirer of Aurator Varainhoito)minorAuratum Oy sold its stake in Aurator Varainhoito Oy (wealth management company) to Evli Pankki, which acquired approximately 90% ownership. Aurator was founded in 1996 as part of the Auratum group, with Auratum holding nearly 30% at time of sale. Key personnel remained as minority shareholders.
Scale indicators8 records
Recent moves6 records
Expansion highlights4 records
Aura Capital Oy competitors and assessment
Company assessmentOthers
- Veritas Pension Insurance: Finnish pension company and direct real estate investor partnering with Auratum Asunnot Helsinki on the Töölö hospital area redevelopment. Comparable as a Finnish institutional capital source and joint-venture partner in residential development.
Broad incumbents
- NREP: Nordic real estate investor and developer active across multiple property types in Finland, and a known buyer of Auratum assets. Comparable as a larger Nordic real estate platform with Finnish exposure.
- Sponda: One of Finland's largest commercial real estate owners and developers with a broad office, retail, and logistics portfolio. Larger incumbent offering overlapping capabilities in Finnish commercial property but at much greater scale and breadth.
Direct peers
- Sponsor Capital: Finnish private equity firm with roots in family ownership and a multi-fund platform serving institutional and family-office investors. Comparable as a Finnish PE platform with family-capital heritage.
- Premico Group: Finnish residential rental housing developer and manager that partnered with Auratum Kiinteistöt on a ~1,600-unit rental apartment fund in 2017–2019. Closest comparable in Finnish rental residential development at institutional scale.
- Capman: Finland-headquartered alternative asset manager running both private equity and real estate funds. Closest direct comparable to Aura Capital's combined PE/RE fund management model within the Finnish market.
- MB Funds: Finnish private equity firm focused on mid-market buyouts and growth investments, often partnering with family offices and entrepreneurs. Comparable as a Finnish mid-market PE firm targeting similar ownership-backed investment theses.
- eQ Asset Management: Finnish asset manager running private equity and real estate fund products for institutional and private investors. Comparable alternative asset manager targeting similar Finnish LP segments.
- Trevian Asset Management: Finnish real estate asset manager acquiring and managing institutional-quality Finnish property portfolios, including the AKR Tuotto II nursing home portfolio purchased from Auratum in 2014. Directly comparable in Finnish commercial real estate fund management.
- Taaleri (Taaleri Kiinteistöt): Finnish asset manager with real estate fund operations, including managing the Aktia Asunnot+ fund that acquired Auratum's Turku apartment building. Comparable as a Finnish fund-of-real-estate operator with institutional LP base.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Aura Capital Oy social profiles
Digital presenceAura Capital Oy financial estimates
Financial estimateRevenue estimate
Valuation estimate
Aura Capital Oy leadership team
Management profileNumber of profiles
Profiles1 record
Aura Capital Oy subsidiaries and ownership
Company hierarchySubsidiaries4 records
Aura Capital Oy funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Aura Capital Oy M&A and investment
M&A and investmentM&A
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Aura Capital Oy
What does Aura Capital Oy do?
Aura Capital Oy is the private equity and venture capital arm of the Auratum Group. Through its subsidiaries, the group acquires, develops, and manages commercial and residential real estate; manages closed-end AKR private equity real estate funds for institutional and private investors; and invests in technology companies with successful exits including Bluegiga, Continuent, and Confidex. Activities also include direct residential apartment development and sales under the Auratum Asunnot brand in Helsinki and Turku.
Is Aura Capital Oy a public or private company?
Aura Capital Oy is a private company. It is classified as family owned and is currently operating.
When was Aura Capital Oy founded?
Aura Capital Oy was founded in 1997. It employs 1 to 10 people.
Where is Aura Capital Oy based?
Aura Capital Oy is headquartered in Turku, Finland, in the Europe region.
How does Aura Capital Oy make money?
Three revenue lines are on record. Real Estate Investment & Development is the primary driver. The others are fund Management Fees & Capital Gains and property Rental Income.
Who are Aura Capital Oy's main competitors?
Veritas Pension Insurance is listed as an others. Broad incumbents are NREP and Sponda. Direct peers are Sponsor Capital, Premico Group, Capman, MB Funds, eQ Asset Management, Trevian Asset Management and Taaleri (Taaleri Kiinteistöt).
Does Aura Capital Oy have an API?
No public API is recorded for Aura Capital Oy.
What industry is Aura Capital Oy in?
Aura Capital Oy's product category is Real Estate Investment & Private Equity. Its primary akta.pro industry code is FSAAADAC, Family Office Advisory & Outsourced CIO (OCIO). Its NAICS code is 523940 and its SIC code is 6532.