Tesi is an active co-investor

Tesi makes syndicated minority investments in Finnish companies together with a vast network of venture capital and private equity investors.

We invest together with private investors, on equal terms and with equal expectations for returns. As a state-owned investor, Tesi’s share of the total funding round can be a maximum of 50%. We are an evergreen investor with a typical investment horizon of 3–8 years. Based on the specific company needs, we appoint leading industry experts in the boards of our portfolio companies.

Venture
capital

The most ambitious and promising Finnish companies in Series A, B and C. Our ticket size varies from around EUR 2 to 15 million.

Our investment focus areas are deep tech, clean economy, health and life sciences and defence tech, along with other emerging themes as dictated by market needs.

Growth
equity

Growth, international expansion and M&As of Finnish SMEs.

Our investment focus areas are deep tech, clean economy, and health and life sciences, along with other emerging themes as dictated by market needs.

Industrial-scale
projects

New industrial-scale projects being built in Finland. The goal is to establish new industries in Finland that utilize clean electricity and promote the clean transition.

Our investments aim to strongly leverage private capital alongside Tesi’s investments of EUR 5–20 million. Additionally, we can make larger individual investments at the international level to support the further financing of the best industrial-scale projects.

Industrial
investments

Nationally significant domestic industrial companies, regardless of the industry, that seek international growth as well as plan carrying out new investments or major M&As in Finland or internationally.

Our profile as a co-investor

  • We are a financially strong and stable investor with a long investment horizon.
  • Our role in the syndicate is always adapted to the needs of the company. As a rule, we are a minority investor.
  • We are well-versed within the Finnish ecosystem and jurisdiction, and have a good visibility into local deal flow.
  • We have strong networks in the international venture capital and private equity community.
  • Our team has 300+ years combined experience in venture capital and private equity.