Tesi (Finnish Industry Investment Ltd) is a state-owned investment company with an industrial policy mission focused on driving economic growth, renewal, and investments in Finland. They invest on market terms both in venture capital and private equity funds, and directly in startups, scale-ups, and large industrial projects. As a general guideline, half of their investments are direct investments and half are fund investments, but the allocation may vary depending on market conditions. Tesi operates as a market-driven minority investor, co-investing with private investors on the same terms and conditions. They act as a countercyclical investor, aiming for both profit and impact while strengthening Finnish ownership. Their new strategy emphasizes participation in larger growth funding rounds, scaling up domestic high-tech companies, supporting industrial-scale projects, and building larger Finnish funds. Tesi's role has evolved over time, adapting to market needs from boosting market volume to eliminating market bottlenecks and facilitating international investments. The firm offers risk capital, development of industrial structures, and internationalization support. It invests in funds and companies with high impact potential, focusing on job creation and sustainable development challenges. They also aim to share expertise and insight to accelerate the growth of Finnish companies and develop the Finnish VC & PE market.
Preferred startup development maturity for initial funding deployment.
Venture capital, private equity, startups, scale-ups, industrial projects, technology, biotech, mining, industrial renewal, AI, energy technology, laser and semiconductor production
Core thematic spaces, technologies, and target market segments of interest.
Standard financial allocation per investment round.
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