Active in the Finnish market, Trind announces a EUR 55 million fund

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Estonian-Finnish venture capital investor has announced its second fund, sized at EUR 55 million. The fund is backed by institutional investors such as European Investment Fund (EIF), Tesi (Finnish Industry Investment), LHV Pension Funds, and Swedbank Investment Funds.

The new fund invests especially in startups that develop business-to-consumer (B2C) as well as consumer-to-consumer (C2C) innovations. Trind aims to invest in 30–40 startups in Finland, the Baltics and elsewhere in Europe in the next four years.

With their new fund, the driving forces behind Trind bring their extensive networks and B2C know-how to Finnish companies, enabling their further growth and internationalization. In those networks, there is a notable presence of business angels, among which Trind is highly regarded. The fund manager is therefore an important catalyst in increasing the cooperation between Finnish business angels and venture capital investors,” says Enni Rautio, Investment Manager at Tesi.

Tesi has not invested in the previous fund by Trind.


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Additional information:

Enni Rautio, Investment Manager, Fund Investments
+358 45 137 3653


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, together with co-investors, to create the world’s new success stories. Our investments under management total 2.4 billion euros. @TesiFII

Trind Ventures is a seed-stage VC firm that invests in European technology start-ups with a primary focus on the Baltics and Finland. While helping aspiring founders to succeed, Trind VC provides good returns to LPs through sustainable, economic growth and job creating investments.

Founded in 2018 in Tallinn, the founding partners have been working together since 1999 while investing as business angels and as co-founders of LHV bank and New Economy Ventures, the first VC fund in the Baltics. Trind VC has offices in Tallinn, Helsinki, and Munich.