Mandatum Asset Management has invested €20 million in Finnish golf equipment manufacturer Takomo to support its international growth.

Information on the Target

Takomo, a Finnish manufacturer of golf equipment, has witnessed significant growth in recent years, largely attributed to its innovative business model. The company specializes in offering high-quality golf clubs and accessories directly to consumers through online sales, bypassing traditional retail channels. The primary target markets for Takomo include the United States and Australia, where demand for their products has surged, resulting in a remarkable tenfold increase in revenue. From less than 3 million euros in 2022, the revenue rose to nearly 30 million euros in 2024, and this growth trajectory is expected to continue in the coming years.

Since its inception in 2021, Takomo has achieved profitable growth without significant prior funding. The recent €20 million investment round, participated in by Mandatum Asset Management and Sweden's Rite Ventures, aims to support Takomo's international expansion and scale its operations further. The funds will help the company enhance its logistics chains and bolster marketing efforts to reach an even broader customer base while maintaining its promise of providing high-quality golf clubs at reasonable prices.

Industry Overview in Finland

The golf industry has experienced a resurgence in popularity, boasting over 106 million enthusiasts worldwide. The growth in participation has been especially pronounced in the years follow