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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?

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
PrecisionPhage

Jyväskylä, Western Finland, Finland

PrecisionPhage is a biotech business that specializes on bacteriophage technologies.

BiopharmaBiotechnologyMedical
SeedNov 12, 2024
Amount Raised: $2,335,660
Happy Plant Protein

Sundsberg, Southern Finland, Finland

Happy Plant Protein develops a plant protein technology.

Food and BeveragePlant-Based Foods
GrantNov 12, 2024
Serres

Springfield, Massachusetts, United States

Serres provides fluid management, surgical suction system, supply chain management, and medical devices services.

Health CareMedical Device
GrantNov 7, 2024
Amount Raised: $1,943,209