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Business Finland

Europe, Southern Finland, Finland, Helsinki

Description

Business Finland is a Finnish funding agency specialized in research communities, industry, and service sectors.

Investor Profile

Business Finland has made 202 investments, with 22 in the past 12 months and 38% as lead.

Stage Focus

  • Grant (35%)
  • Seed (27%)
  • Debt Financing (12%)
  • Series Unknown (9%)
  • Pre Seed (6%)
  • Series A (4%)
  • Convertible Note (2%)
  • Angel (2%)
  • Non Equity Assistance (1%)
  • Post Ipo Debt (1%)

Country Focus

  • Finland (93%)
  • United States (5%)
  • United Kingdom (1%)

Industry Focus

  • Software
  • Saas
  • Biotechnology
  • Information Technology
  • Artificial Intelligence (Ai)
  • Health Care
  • Automotive
  • Internet
  • Advertising
  • Machine Learning
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Business Finland frequently co-invest with?

Icebreaker.vc
Europe, Southern Finland, Finland, Helsinki
Co-Investments: 3
Innovestor
Europe, Southern Finland, Finland, Helsinki
Co-Investments: 3
Lifeline Ventures
Europe, Southern Finland, Finland, Helsinki
Co-Investments: 12
Reaktor Ventures
Europe, Southern Finland, Finland, Helsinki
Co-Investments: 7
Vendep Capital
Europe, Southern Finland, Finland, Espoo
Co-Investments: 4
VTT Ventures
Europe, Southern Finland, Finland, Espoo
Co-Investments: 5
Superhero Capital
Europe, Southern Finland, Finland, Helsinki
Co-Investments: 5
Finnvera Venture Capital
Europe, Eastern Finland, Finland, Kuopio
Co-Investments: 7
Conor Venture Partners
Europe, Southern Finland, Finland, Espoo
Co-Investments: 3
Trind Ventures
Europe, Harjumaa, Estonia, Tallinn
Co-Investments: 4

Which angels does Business Finland often collaborate with?

CD
North America, California, United States
Shared Deals: 2
Murat Abdrakhmanov
Asia, Kazakhstan
Shared Deals: 1
Aviram Jenik
Asia, Seoul-t'ukpyolsi, South Korea, Seoul
Shared Deals: 1
NB
North America, California, United States, San Francisco
Shared Deals: 1
AS
North America, California, United States, Palo Alto
Shared Deals: 1
AM
Europe, Andalucia, Spain, Marbella
Shared Deals: 2
JE
North America, California, United States, San Francisco
Shared Deals: 1
DL
Europe, Zurich, Switzerland, Zürich
Shared Deals: 1
JO
Europe, Western Finland, Finland, Tampere
Shared Deals: 2
PM
Europe, Southern Finland, Finland, Helsinki
Shared Deals: 1

What are some of recent deals done by Business Finland?

RNatives

Kuopio, Eastern Finland, Finland

RNatives develops RNA-based therapies for cardiovascular diseases, focusing on RNA activation of VEGFA.

BiotechnologyHealth CareMedical
SeedMay 27, 2025
Amount Raised: $1,596,149
Volare

Uusimaa, Southern Finland, Finland

Circular economy - Upcycle industrial food waste into high quality protein, oil and fertilizer ingredients

Food and Beverage
Series UnknownMay 27, 2025
Amount Raised: $29,642,770

AI Pre-Accounting, Expense & Income Tracker for Small Business Owners, Entrepreneurs, and Freelancers.

B2BFinTechSaaSSoftware
Series UnknownMar 6, 2025
Solar Foods

Helsinki, Southern Finland, Finland

Solar Foods is a food technology company that develops Solein, an alternative to animal-derived proteins.

BiotechnologyEnergyFood Processing
GrantFeb 26, 2025
Amount Raised: $10,483,268
TheStorage

Tampere, Western Finland, Finland

TheStorage provides sustainable grid-scale energy storage that can discharge heat, steam, or CHP.

Clean EnergyCleanTechEnergyEnergy StorageRenewable Energy
SeedFeb 25, 2025
Amount Raised: $1,204,826
StemSight

Tampere, Western Finland, Finland

StemSight is a cell therapy startup developing novel treatments for blindness operating in Tampere, Finland.

BiotechnologyHealth DiagnosticsTherapeutics
SeedFeb 13, 2025
Amount Raised: $2,395,130
Aalto University

Espoo, Southern Finland, Finland

Aalto University is a multidisciplinary institution that combines science, business, and art and design.

EducationHigher EducationUniversities
GrantFeb 10, 2025
Amount Raised: $29,859,598
Liquid Sun

Tampere, Western Finland, Finland

Liquid Sun is a new breed of green tech that converts CO2 into fossil-free fuels.

Power GridRenewable Energy
SeedNov 28, 2024
Amount Raised: $4,224,101
Grafintec

Vaasa, Western Finland, Finland

Grafintec Oy is a Finnish carbon technology business that aims to produce a graphite resource.

MiningMining Technology
GrantNov 26, 2024
Amount Raised: $243,406
Happy Plant Protein

Sundsberg, Southern Finland, Finland

Happy Plant Protein develops a plant protein technology.

Food and BeveragePlant-Based Foods
GrantNov 12, 2024