The new fund, Nordia Kasvu Ky, invests in entrepreneur-driven and growth-oriented health care, wellbeing, leisure and/or travel SMEs. The fund’s target size is 15 million euros, and its largest investors are Rake, Hiidenkivi Invest, Takoa, Assai and Tesi (Finnish Industry Investment Ltd). Nordia is looking to add a few investors during this spring.
“We invested in Nordia, because many service companies need both capital and additional resources to support their post-pandemic growth. Nordia’s industry expertise combined with experience from different market cycles makes them well positioned to successfully execute growth strategies for service sector SMEs,” says Riitta Jääskeläinen, Investment Director at Tesi.
Tesi (Finnish Industry Investment Ltd) is a state-owned investment company that wants to raise Finland to the front ranks of transformative economic growth by investing in funds and directly in companies. We invest profitably and responsibly, hand-in-hand with co-investors, to create the world’s new success stories. Our investments under management total 2.1 billion euros. www.tesi.fi | @TesiFII