closes a new sustainability and deep tech-focused fund at EUR 100 million

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Helsinki-based venture capital investor has raised its second fund, sized at 100 million euros. Fund II will invest in seed-stage startups across Europe with a focus on sustainability and deep tech. Among others, investors include both Tesi and KRR IV fund-of-fund it manages. Tesi has also invested in the investor’s previous fund, Fund I.

“With, we are particularly intrigued by their open and enthusiastic approach to companies promoting deep tech and sustainability, as well as their courage to invest in these sectors. For instance, has invested in IQM, a company that develops quantum computers, and in Spinnova, which develops cellulose into raw material for the textile industry.’s portfolio companies create positive societal impact and that is why we wanted to invest in their new fund, too,” comments Investment Director Tapio Passinen.

Read more:

Blog post on the Fund II by 15.9.2021

Additional information:

Tapio Passinen, Investment Director, Fund Investments, Tesi
+358 40 840 3681

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 private co-investors, to create new success stories. Our investments under management total 2.1 billion euros. | @TesiFII