Tesi

Tesi, established in 1995, is a Finnish government agency dedicated to promoting business growth and employment within Finland. It engages in both direct and indirect investments in companies and investment vehicles, aiming to stimulate the growth and internationalisation of Finnish businesses. Tesi collaborates with private co-investors to invest in venture capital funds and growth companies across various sectors. The agency utilizes proceeds from the privatisation of state-owned companies to finance investments, which support the development of investee companies, facilitate spin-offs, and address significant industrial investments and corporate restructurings. With capital investments exceeding 570 million euros, Tesi plays a crucial role in fostering the Finnish economy.

Heli Ahlroos

Investment Director

Matts Gronholm

Chief Financial Officer

Henri Grundsten

Development Director

Marko Häikiö

Chief Financial Officer

Petteri Laakso

Investment Director

Tony Nysten

Investment Manager, Venture Capital

Enni Rautio

Investment Associate

Samuel Saloheimo

Investment Manager, Growth and Industrial Investments

Jan Sasse

Chief Executive Officer

Samuel Wendelin

Investment Analyst

Past deals in Finland

Haltian

Venture Round in 2022
Haltian Oy, founded in September 2012 by former Nokia employees, operates from Oulu, Finland, offering product development services and commercial Internet of Things (IoT) solutions. The company specializes in designing and developing a range of products, including imaging devices, IoT and mobile devices, as well as wearables. It also provides essential components such as sensors, gateways, and a cloud server System-as-a-Service for smart spaces. With a workforce of over 70 experienced engineers in mobile devices and software, Haltian is rapidly expanding its presence in the global consumer electronics and telecommunications markets.

Uute Scientific Oy

Funding Round in 2022
Uute Scientific Oy is a biotechnology company that offers its products available to families with young children through several standard consumer products. Uute Scientific Oy was founded in 2019 and headquartered in Southern Finland, Finland.

#Rens

Seed Round in 2021
RENS, Inc. manufactures water proof sneakers recycled from coffee. The company was founded in 2019 and is based in Helsinki, Finland.

IQM Finland Oy

Series A in 2020
IQM Finland Oy is a company that specializes in the development and manufacturing of hardware systems for quantum computing. Founded in 2018 and headquartered in Espoo, Finland, IQM focuses on creating scalable quantum processors based on superconducting technology. The company aims to advance quantum computing capabilities, facilitating solutions that can benefit both industry and society. As a spin-out from Aalto University and the VTT Technical Research Centre of Finland, IQM has made significant strides in areas such as thermal management, which enhances computational speed and information accuracy. These innovations establish IQM as a key player in the global movement towards practical, large-scale quantum computing solutions.

IQM Finland Oy

Seed Round in 2019
IQM Finland Oy is a company that specializes in the development and manufacturing of hardware systems for quantum computing. Founded in 2018 and headquartered in Espoo, Finland, IQM focuses on creating scalable quantum processors based on superconducting technology. The company aims to advance quantum computing capabilities, facilitating solutions that can benefit both industry and society. As a spin-out from Aalto University and the VTT Technical Research Centre of Finland, IQM has made significant strides in areas such as thermal management, which enhances computational speed and information accuracy. These innovations establish IQM as a key player in the global movement towards practical, large-scale quantum computing solutions.

Kaiku Health

Series A in 2018
Kaiku Health Oy develops and delivers user-centered software solutions for patients, doctors, and nurses to communicate online. It develops a communication and follow-up solution for cancer patients to communicate with medical staff in Swedish, English, German, and Finnish languages. The company serves clinics and university hospitals in Finland, Sweden, and Switzerland. Kaiku Health Oy was formerly known as Netmedi Oy and changed its name to Kaiku Health Oy in September 2017. The company was founded in 2012 and is based in Helsinki, Finland. As of May 15, 2020, Kaiku Health Oy operates as a subsidiary of Elekta AB (publ).

Zervant

Series B in 2018
Zervant Oy develops online invoicing software for small businesses and entrepreneurs in Finland, Sweden, France, Germany, and the United Kingdom. It offers expense management and time tracking software solutions; and support services. The company serves photographers, freelance sales professionals, business consultants, and designers. Zervant Oy was founded in 2009 and is based in Espoo, Finland.

Visedo

Debt Financing in 2016
Visedo Oy develops, manufactures and delivers electrical drive trains for heavy mobile work machine, marine vessel and bus applications. The drive trains are suitable for both hybrid electric (HEV) and electric vehicle (EV) solutions to harsh operating environment. The latest technology offers the optimal solutions to save fuel and to lower emission and noise levels. The company is located in Lappeenranta, Finland.

Optofidelity

Venture Round in 2016
OptoFidelity was born under the northern lights of the high technology community in Finland. It was born from founders’ desire to experiment with multi-disciplinary technology and its capabilities. Today we are globally recognized pioneers in robot assisted testing & quality assurance, and our customers are leading manufacturers of smart phones, tablets, laptops, automotive infotainment and industrial smart machinery. Our solutions bring joy and satisfaction to millions of consumers worldwide by improving smart device user experience and quality. We are proud of our testing solutions and determined to keep exceeding the standards.

LeadDesk

Series A in 2015
LeadDesk Oy develops and supplies cloud based high-volume sales and customer-service software in the Nordic countries. The company offers software for outbound sales, inbound sales, customer services, and pricing. It serves customers in media, security service, energy, telecommunication, financial service, and market research industries. The company is headquartered in Helsinki, Finland.

NewIcon

Venture Round in 2014
NewIcon Oy is a prominent health technology company established in 2007, specializing in automated medication dispensing systems for hospitals and retail pharmacies. As the leading provider of pharmacy automation solutions in Finland, NewIcon has successfully implemented its systems in over 100 pharmacies and hospitals across several countries, including Denmark, Russia, Israel, Iran, and China. The company employs around 70 individuals and has achieved a turnover exceeding € 7 million. By leveraging robotics and advanced software, NewIcon aims to enhance efficiency and safety in medication distribution, allowing healthcare professionals to concentrate on patient care. The organization adheres to a certified ISO 9001 quality management system, ensuring high standards in its operations.

Mekitec

Venture Round in 2014
Mekitec Oy specializes in the development, manufacturing, and distribution of X-ray food inspection systems designed to detect and eliminate physical contaminants such as glass, metal, stones, and dense plastics in food products. Operating globally, Mekitec's systems are utilized for inspecting a variety of items, including rice, jam, cheese, meat, and frozen shrimp. The company also provides maintenance services for its X-ray devices and rejecters. Founded in 2005 and based in Oulu, Finland, Mekitec was previously known as Inspex Oy and has expanded its reach to multiple countries, including Germany, Sweden, and China.

Visedo

Venture Round in 2013
Visedo Oy develops, manufactures and delivers electrical drive trains for heavy mobile work machine, marine vessel and bus applications. The drive trains are suitable for both hybrid electric (HEV) and electric vehicle (EV) solutions to harsh operating environment. The latest technology offers the optimal solutions to save fuel and to lower emission and noise levels. The company is located in Lappeenranta, Finland.

European Batteries

Venture Round in 2011
European Batteries Ltd, a Finland-based company that develops and manufactures large, rechargeable lithium-ion based prismatic cells and battery systems.

Valmet Automotive

Venture Round in 2010
Valmet Automotive Inc., founded in 1968 and headquartered in Uusikaupunki, Finland, specializes in automotive engineering, manufacturing, and related services. The company produces a diverse range of vehicles, including conventional cars, electric vehicles, and driverless taxis, alongside convertible roof systems. Valmet Automotive is known for its work with premium car manufacturers, providing contractual vehicle manufacturing and electric vehicle battery systems. The company also supplies kinematic systems, such as active spoilers and electric loading flaps, for various applications in the automotive sector. With additional offices in Germany, Poland, and Spain, Valmet Automotive has established itself as a key player in the automotive industry, focusing on innovation and quality in both vehicle production and engineering services.

Quosis

Seed Round in 2007
As of March 18, 2008, Quosis Oy was acquired by Proactum Oy. Quosis Oy operates as an open source software service company. It offers open-source based solutions and services, including portal solution for managing organization’s information and services; content management for gathering, sharing, saving, and producing information; business process management for automating, monitoring, managing, and improving key processes; integration of information systems; and instant messaging for improving the organizational information exchange. The company also offers open source consultation and software development services. It serves the paper industry. The company was founded in 2004 and is headquartered in Jyvaskyla, Finland.