
Tesi
Description
Tesi, officially known as Finnish Industry Investment Ltd, is a prominent state-owned investment company based in Helsinki, Finland. Its core mission is to accelerate the success of Finnish companies by providing capital and fostering the development of the domestic venture capital and private equity market. Tesi employs a dual investment strategy, participating both as an anchor investor in venture capital and private equity funds and making direct investments into promising growth companies. This approach underscores its commitment to strengthening the Finnish business ecosystem from multiple angles.
As a significant player in the Finnish investment landscape, Tesi actively supports the growth of the fund market. It serves as a crucial anchor investor for new and existing Finnish VC and PE funds, committing substantial capital to ensure the availability of funding for companies across various stages. This indirect investment strategy allows Tesi to broaden its reach and support a diverse portfolio of companies through its fund partners, contributing to the overall maturity and depth of the Finnish investment scene.
In parallel to its fund investments, Tesi also makes direct equity investments into Finnish growth companies. These direct investments typically range from €1 million to €20 million, targeting businesses at various stages, from early-stage startups to more mature growth and later-stage enterprises. Tesi's direct investment focus spans a wide array of sectors, including deep tech, industrial solutions, healthcare, and software, reflecting the diversity of the Finnish innovation landscape. The company aims to provide long-term capital and strategic support to help these companies scale and internationalize.
With assets under management totaling approximately €2.4 billion, Tesi plays a pivotal role in driving economic growth and innovation within Finland. Its comprehensive investment approach, combining significant commitments to funds with strategic direct investments, positions it as a cornerstone investor for Finnish businesses. By fostering a robust funding environment and directly backing high-potential companies, Tesi significantly contributes to the creation of success stories and the overall competitiveness of the Finnish economy on a global scale.
Investor Profile
Tesi has backed more than 130 startups, with 4 new investments in the last 12 months alone. The firm has led 21 rounds, about 16% of its total and boasts 17 exits across its portfolio.
Investment Focus Highlights
- Concentrates on Series Unknown, Series A, Series B rounds (top funding stages).
- Majority of deals are located in Finland, United States, Switzerland.
- Strong thematic focus on Software, Manufacturing, Health Care.
- Typical check size: $1.1M – $21.6M.
Stage Focus
- Series Unknown (32%)
- Series A (18%)
- Series B (16%)
- Seed (14%)
- Series C (8%)
- Convertible Note (5%)
- Private Equity (3%)
- Series D (1%)
- Post Ipo Equity (1%)
- Debt Financing (1%)
Country Focus
- Finland (85%)
- United States (12%)
- Switzerland (2%)
- Argentina (1%)
Industry Focus
- Software
- Manufacturing
- Health Care
- Information Technology
- Biotechnology
- Hardware
- E-commerce
- Internet Of Things
- Enterprise Software
- Analytics
Frequently Asked Questions
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