Tesi's strategy – We help Finland’s most promising companies grow bigger

Tesi (Finnish Industry Investment Ltd) is a state-owned investment company with an industrial policy mission focused on driving economic growth, renewal, and investments. We invest on market terms in venture capital and private equity funds, as well as directly in startups, scale-ups, and industrial-scale projects. As a general guideline, half of our investments are direct investments and half are fund investments, but the allocation may vary depending on market conditions.

Tesi’s investment principles

Tesi is a market-driven minority investor that co-invests with private investors.

  • Tesi invests on the same terms and conditions as private investors
  • Tesi does not compete with private investors
  • Tesi co-invests with private investors
  • Tesi’s investments are market-driven
  • Tesi acts as a countercyclical investor
  • Tesi aims for both profit and impact
  • Tesi pursues to strengthen Finnish ownership

To kickstart growth, Tesi, with its new and stronger industrial policy role, can participate in even larger growth funding rounds. Investment activities will increasingly focus on scaling up domestic high-tech companies, supporting the best industrial-scale projects, and building larger Finnish funds. In its operations, Tesi aims for both profit and impact.

Key figures 2024

EUR 116 million
Investments made and commitments given
EUR 2.6 billion
Investments under management
EUR 116 million
Financial result (IFRS)
Want to learn more?
Contact us!
Susanna Aaltonen
Director, Communications & Public Affairs