NSI Nordic Science I

NSI Nordic Science I Ky is the first fund of Nordic Science Investments Oy (NSI), a Finnish venture capital fund manager operating across the Nordic and Baltic regions and focused on early-stage investments in research- and science-based technologies. Portfolio companies work in areas including health technologies, life sciences, advanced materials and AI-driven solutions. Beyond growth capital, NSI supports spin-out companies with strategic guidance, networks and assistance in building teams in the earliest phases of business development.

The EUR 45 million fund was established in 2024 and, as of April 2026, had invested in 22 early-stage companies in Finland, Sweden and the Baltic countries. Limited partners in the fund include Tesi (Finnish Industry Investment Ltd), Lieto Savings Bank Foundation, Fennia and the Estonian SmartCap Venture Capital Fund. The fund entity is registered in Finland (business ID 3415101-8) as a limited partnership in the fund activities sector, with a postal address at c/o Regus, Antinkatu 3 D, Helsinki, and is an alternative investment fund under Finnish law.

In April 2026, Taaleri Plc acquired a 51 per cent stake in the management company from NSI's management, adding early-stage venture capital and the commercialisation of research-driven innovations to Taaleri's fund strategies. NSI's management stated that the next phase of its strategy requires a stronger platform for fundraising, international growth and scaling, and that the partnership is intended to support value creation in the existing portfolio and the formation of larger funds in Europe.

Business model

NSI operates as an alternative investment fund manager, raising capital from institutional and foundation limited partners into closed-end venture funds and deploying it into early-stage research- and science-based companies. Alongside capital, it provides spin-out companies with strategic support, network access and help in building teams during the early phases of business development. The fund vehicle NSI Nordic Science I Ky is registered in Finland as a limited partnership (kommandiittiyhtiö) classified under fund activities, and is an alternative investment fund under the Finnish Act on Alternative Investment Fund Managers (162/2014); its stated sole purpose is private equity investing through debt, mezzanine and equity instruments, primarily in Finnish companies.

As a venture capital fund manager, NSI manages committed fund capital on behalf of limited partners; the first fund's stated purpose is making debt, mezzanine and equity investments.

Traction

As of April 2026, the EUR 45 million first fund had invested in 22 early-stage companies in Finland, Sweden and the Baltic countries, and had attracted institutional limited partners including Tesi, Lieto Savings Bank Foundation, Fennia and SmartCap Venture Capital Fund.

Latest developments

Taaleri Plc announced on 13 April 2026 an agreement to acquire 51 per cent of Nordic Science Investments Oy from management, and completed the transaction on 30 April 2026 after approval by the Finnish Financial Supervisory Authority. The purchase price was not disclosed; the agreement included performance conditions that could trigger an additional purchase price and gave both parties the right to unwind the transaction if targets were not achieved. Taaleri stated the deal has no material impact on its 2026 result and that the venture capital strategy will be developed and internationalised together with the NSI team.