Tesi (Finnish Industry Investment Ltd)
Government fundHelsinki · Pre-Seed–Late Stage · 11 people tracked
Investment thesis
Tesi invests on market terms in Finnish companies with genuine potential for globally scalable growth and a track record of growth capability, aiming to build new high-tech companies and enable scaling with domestic capital. It targets roughly half direct investments and half fund investments, though the split varies with market conditions. Under a strengthened industrial-policy role, it may participate in larger growth financing rounds while remaining a minority investor. Focus areas strategically important to Finland include deep tech, health technology, clean transition, and defense industry, though it can also back high-potential companies outside these themes; it is not fundamentally restricted to specific sectors.
Source: firm website, verified Aug 3, 2026.
Team · 11 people
from public directoriesWhat they invest in
from 25 of 72 portfolio companiesFintech ×8Cleantech ×5Deep Tech ×5AI & Machine Learning ×4Biotech ×3Climate Tech ×3Energy ×3Enterprise Software ×3
HQs:Finland×19United Kingdom×1Sweden×1United States×1
Investments · 72 tracked
founders shown can be your intro pathAlder is a Nordic investment fund that acquires and grows technology companies focused on resource-efficient industrial systems and sustainable environmental solutions.
Circular EconomyCleantechClimate TechStockholm, SE
Adamant Health develops an AI-powered technology that uses surface electromyography (EMG) and kinematic measurements to track the visible and hidden motor symptoms of Parkinson's disease.
AI & Machine LearningDigital HealthMedical Devices
Armada provides private debt financing, with investment tickets of €3-30 million, to lower mid-market companies in the Nordics and DACH region.
Fintech
Blume Equity is a European investment firm focused on climate technology, partnering with growth-stage companies working on climate and sustainability solutions.
CleantechClimate Tech
Cactos develops energy storage solutions for industrial and sustainable energy infrastructure applications.
Advanced ManufacturingCleantechEnergyHardwareIoTPropTechFinland, FI
Cloudberry is a €30M early-stage venture capital fund investing €400K to €1M into pre-seed and seed startups working on semiconductors, photonics, and advanced materials, mainly in Europe.
Deep TechHardwareSemiconductors
Eagle Filters Group develops advanced fiber-based filtration materials and products used to improve air filtration efficiency and cut energy use for the energy and process industries, HVAC and industrial filter manufacturers, and healthcare settings such as hospitals.
CleantechEnergyNew Materials
Gorilla Capital is a Nordic institutional angel/early-stage investor that backs capital-efficient, technology-enabled startups solving real business problems, typically investing before product-market fit.
Sector Agnostic
GOS Group provides financial administration and financing services to small and medium-sized businesses, including bookkeeping, accounting, corporate finance, outsourced CFO support, and business analysis.
Enterprise SoftwareFintech
Greencode Ventures is a European venture capital fund investing from Seed through Series A in applied AI solutions for energy systems, industrial operations, and critical infrastructure.
AI & Machine LearningClimate TechEnergy
Hyper-localized dating app acquired by Hello Group Inc
North Attleboro, US
Julio E. Vega(Mr. Vega is the Secretary of the Issuer.)Mark Brehaut(Executive Officer, Director, Promoter)Kevin Murray, Jr.(Executive Officer, Director, Promoter)
Intera is a Finnish investment firm that practices responsible investing as an active owner, aiming to create value for its investors and society.
Juuri Partners is a Finnish private equity firm that finances and develops established, profitable small and mid-sized companies in Finland through active minority investments, debt financing, and strategic support.
Fintech
Korona Invest is a Finnish private equity firm founded in 2006 that focuses on buyout and growth investments in small and medium-sized Finnish companies.
Mandatum is an asset manager focused on credit and alternative investments, serving institutional and professional investors as well as family offices.
Fintech
Midinvest Management Oy is a partner-owned private equity fund management company that invests in and finances growth for small and medium-sized enterprises, focusing on companies in Central Finland with revenues typically under €10 million.
Sector AgnosticJyväskylä, FI
MVM is a healthcare-focused investment firm that provides growth equity to companies in medical technology, pharmaceuticals, diagnostics, digital health, life science tools, and contract research and manufacturing.
BiotechDigital HealthHealthtechLondon, GB
The NATO Innovation Fund is a standalone venture capital fund backed by 24 NATO allies, deploying over €1 billion into deep tech startups.
Deep TechDefense Tech
Nordia Management is a Finnish investment company that provides capital together with operational expertise to its partner companies, drawing on three decades of experience building the growth of domestic businesses.
Sector Agnostic
Nordic Science Investments is an early-stage investor that turns university research into science-based startups, working with founders on business development, team building, and providing anchor and follow-on funding.
BiotechDeep TechHealthtech
Royal Majestics managed what it describes as the first private equity fund focused on Finnish fashion and design, operating from 2013 to 2025.
Consumer
Saari Partners is an investment firm that owns and develops portfolio companies, focusing on building AI-native operating models within service businesses.
AI & Machine Learning
Sponsor Capital is a Finnish private equity investor that acquires stakes in Finnish companies with revenues of EUR 15–200 million and stable, profitable operations, supporting management in growth, consolidation, internationalization, or succession situations.
Sector Agnostic
Exits · 1
IPOs and acquisitions across the tracked portfoliohappnacq. by Hello Group
Frequently asked questions
- What stage does Tesi (Finnish Industry Investment Ltd) invest at?
- Tesi (Finnish Industry Investment Ltd) invests at the Pre-Seed, Seed, Series A, Series B, Series C, Growth, Late Stage stages.
- What is Tesi (Finnish Industry Investment Ltd)'s typical check size?
- Tesi (Finnish Industry Investment Ltd) typically writes checks of $5.4M – $16.2M.
- What sectors does Tesi (Finnish Industry Investment Ltd) focus on?
- Tesi (Finnish Industry Investment Ltd) focuses on Advanced Manufacturing, Biotech, Cleantech, Climate Tech, Consumer, Deep Tech, Defense Tech, Enterprise Software, Healthtech, Medical Devices, SaaS, Sector Agnostic.
- Where is Tesi (Finnish Industry Investment Ltd) located?
- Tesi (Finnish Industry Investment Ltd) is headquartered in Helsinki, FI.
- Does Tesi (Finnish Industry Investment Ltd) lead rounds?
- Tesi (Finnish Industry Investment Ltd) typically participates in rounds rather than leading them.
Media · Podcasts & interviews
from their channelKasvuyrityspulssi Q4/2025: Kasvu kiihtyy, mutta investoinnit jumittavat
Tesi
Images
Similar investors
UntroD Capital is a deep-tech-focused investment firm that backs research-and-development-driven startups whose innovative technologies address challenges facing the planet and humanity, an approach it terms 'Real Tech'.
B Capital Group is a global venture capital firm that backs founders from early to late stage, with dedicated stage-based funds and a portfolio spanning technology, healthcare, and energy and resilience sectors.
Khosla Ventures is a venture capital firm known for backing bold, contrarian bets in world-class teams that can reshape entire industries.
EIFO (Export and Investment Fund of Denmark) is Denmark's national promotion bank and investment fund, providing financing, guarantees, and investments to help Danish companies grow, export, and support national priorities.
DCVC (Data Collective) is a venture capital firm that backs founders building companies which apply technology to major challenges across areas such as energy, biotech, agriculture, and machine learning.











