Organization · Government VC
Tesi
Tesi, officially known as Finnish Industry Investment Ltd, is a state-owned investment company based in Helsinki, Finland. It invests in venture capital and private equity funds, as well as directly in Finnish startups and growth companies, focusing on sectors like deep technology and health technology.
Overview
What Tesi does
What Tesi is
Tesi, officially known as Finnish Industry Investment Ltd, is a state-owned investment company based in Helsinki, Finland. It invests in venture capital and private equity funds, as well as directly in Finnish startups and growth companies, focusing on sectors like deep technology and health technology.
How it participates in the startup ecosystem
The current public profile supports funder capabilities. Each capability below is shown separately so organization identity and role-specific information do not get conflated.
Operational profile
Organization status and context
Organization status describes the entity itself. Funding and program availability appear within the relevant capability profile.
- Operational status
- Active
- Organization type
- Government VC
- Founded
- Founded in 1995
- Approximate age
- About 31 years
- Structured capabilities
- Funder
- Last reviewed
- May 4, 2026
Official channels
Find Tesi elsewhere
Open the official website or a supported primary organization account.
Capability profile
Tesi as a funder
Investment thesis
Tesi acts as a catalytic minority co-investor that fills market gaps in the Finnish capital ecosystem, investing on market terms alongside private investors in both VC/PE funds and directly in companies.
Focus narrative
Tesi's investment strategy is market-driven, with a goal of half of the investments being direct and half being fund investments. The organization emphasizes sectors such as deep technology, health technology, clean transition, and the defense industry, while also being open to high-potential companies outside these themes. Tesi participates in larger growth financing rounds to support Finnish companies in scaling effectively.
Value beyond capital
Tesi adds value to its portfolio companies by acting as a minority co-investor, providing not only capital but also strategic support and access to a network of private investors. The organization focuses on companies with scalable growth potential, ensuring that they have the necessary resources and guidance to succeed in competitive markets.
Focus and fit
- Stages
- Seed · Growth Equity · Series A · Series B · Series C · Series D
- Regions
- EuropeNorth America
Availability
- Currently deploying
- Yes
Portfolio and track record
- Recorded portfolio count
- 135
- Recorded notable exits
- M-Files
Portfolio context
Notable portfolio companies include: Avenue Biosciences: Accelerating the development of protein-based drugs using AI. UpCloud: Enhancing resilience in Europe’s digital future. Steady Energy: Developing small nuclear power solutions for district heating. Onego Bio: Producing egg protein without chickens. IQM: A leader in quantum computing. Sisu Auto: A significant player in the defense industry. Antler: A platform for Nordic startups. Unikie: Specializing in Finnish software expertise for global markets.
Common questions
What to know about Tesi
Upseed classifies Tesi under the Government VC organization type. Its current public profile includes funder capabilities.
Source and update disclosure
Know what this page is based on
Source basis
Public organization and program material, official websites, and structured Upseed records.
Last reviewed
May 4, 2026
Known limits
Capability profiles appear only when a structured public profile also contains decision-useful role evidence. Terms and availability can change.
Upseed is an independent guide. It is not affiliated with or endorsed by the organization described on this page.