Wirepas, a Finnish developer of IoT technology solutions, has secured some EUR 20 million in new growth funding. The round was led by Highland Europe while Amalfi and IQT participated as new investors. ETF Partners, KPN Ventures, Vito Ventures, Tesi, and Vesa Laisi continue as existing investors.
Tesi made its initial investment in Wirepas from the FEFSI co-investment facility, formed by Tesi and the European Investment Bank (EIB) and managed by the former, as well as a follow-on investment in 2021. However, Tesi did not invest in Wirepas in the announced funding round.
Juha Lehtola, Director, Venture Capital Investments, Tesi
+358 40 064 7671
Tesi (officially Finnish Industry Investment Ltd) is a state-owned, market-driven investment company that invests in venture capital and private equity funds and directly in Finnish startups and growth companies.
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