# Business Finland

> Business Finland is a VC fund backing Software and Information Technology. See 75 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Helsinki, Finland
- Total investments: 75
- Last investment: Jul 2026
- Lead investor: 39%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/business-finland/
- X (Twitter): https://twitter.com/BusinessFinland
- Website: https://www.businessfinland.fi/
- Facebook: https://www.facebook.com/BusinessFinland/

Business Finland is a VC fund in Helsinki focused on Software and Information Technology. Business Finland is the public provider for innovation funding, and services for internationalization and travel promotion. From pure food and nature to technological excellence, Finland is a source of continuous innovations with a global impact. Explore what Finnish key industries have to offer. Business Finland connects international buyers withthe right contacts and assists investors and companies with investment opportunities.

## Contacts

5 contacts available for Business Finland. Shizune tracks 4 team members at Business Finland. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/business-finland?utm_source=investor_profile

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Software | 21 | 28% |
| Information Technology | 11 | 15% |
| Artificial Intelligence | 10 | 13% |
| Health Care | 8 | 11% |
| Machine Learning | 7 | 9% |

130 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Grant | 25 | 33% |
| Pre-Seed | 10 | 13% |
| Seed | 9 | 12% |
| Debt Financing | 9 | 12% |
| Funding Round | 7 | 9% |

8 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Finland | 57 | 76% |
| United States | 2 | 3% |
| Canada | 1 | 1% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Marko Vanska | Head of Industry, Growth Capital | 0 | https://shizune.co/investors/profile/marko-vanska |
| Markus Ranne | Program Manager, New Space Economy | 0 | https://shizune.co/investors/profile/markus-ranne |
| Mikko Koskue | Program Director | 0 | https://shizune.co/investors/profile/mikko-koskue |
| Tuomas Harju | Senior Adviser for the Health & Wellbeing Industry | 1 | https://shizune.co/investors/profile/tuomas-harju-0e85 |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Cornea Sense | CorneaSense is a medtech startup developing a non-invasive, eye-based sensing device that measures ocular surface hydration to enable early detection and monitoring of conditions such as dry eye disease and systemic health disorders. The technology aims to provide real-time, objective eye biomarkers for improved clinical diagnosis and patient care. |  | Grant | Jul 13, 2026 |  |
| Ferrivia | Ferrivia Oy is a Finnish health-tech startup specializes in digital health services and personalized tracking for iron deficiency and low ferritin levels. |  | Grant | Jun 17, 2026 |  |
| ICEYE | ICEYE is a space technology company that develops and operates a constellation of synthetic aperture radar (SAR) satellites used for Earth observation and persistent monitoring. The company provides satellite imagery and data that enable governments, defense organizations, insurers, financial institutions, and other commercial users to monitoractivities and environmental conditions across the globe. Its SAR technology captures imagery regardless of cloud cover, weather conditions, or time of day, supporting applications such as disaster response, infrastructure monitoring, maritime awareness, environmental monitoring, and security operations. ICEYE also delivers satellite-based intelligence systems and analytical solutions that help organizations assess events, track changes, and make operational decisions using near real-time information. Through its satellite network and data services, the company supports monitoring and situational awareness across a range of public and commercial sectors. | $33M | Grant | Jun 01, 2026 |  |
| Test of Things | Test of Things is to protect customers and society from cyber incidents by making IoT cybersecurity easy and automated. They are building a cloud service that automates security testing so customers can ship secure, compliant products with peace of mind.Their platform integrates security into the development lifecycle, enabling continuous testingthat lowers risks and costs while enhancing reputation. | $1.4M | Pre-Seed | Mar 31, 2026 |  |
| Nitro Games | Nitro Games is a Game Developer with a decade of experience in strategy games. We're a free-to-play mobile game developer. Our goal is to offer the players the best possible strategy gaming experience on both tablets and smartphones. We're focusing in making the best production value games with polished and addictive gameplay. | $403.7K | Post-IPO Debt | Jan 30, 2026 |  |
| LifeGlue Technologies | LifeGlue Technologies is a Finnish spin-out from Tampere University advancing Glue4Life, a clinical-grade hyaluronic-acid bioink/hydrogel engineered for translational use. Rooted in rigorous, peer-reviewed science, Glue4Life enables high-fidelity 3D bioprinting of human tissues and organs and is designed to support clinical pathways forimplantable constructs and advanced therapies. The platform’s reproducibility and ISO 13485/GMP-aligned documentation help ATMP developers move from R&D to manufacturing with fewer CMC risks. LifeGlue owns its core IP, has achieved first sales and active pilots, and partners with OEMs and leading labs to standardize the raw materials underpinning next-generation regenerative medicine. | $17K | Grant | Jan 05, 2026 |  |
| Fiberdom | Fiberdom develops sustainable materials from wood fibers, focusing on plastic-free solutions. The company offers a range of compostable cutlery designed for food service and take-away applications. These products are fully recyclable and comply with European regulations, making them suitable for environmentally conscious consumers. Fiberdomemphasizes innovation in transforming wood fibers into high-performance materials, contributing to sustainability efforts in various industries. The commitment to creating eco-friendly alternatives positions Fiberdom as a key player in the materials innovation sector. | $647.9K | Grant | Apr 01, 2025 |  |
| LifeGlue Technologies | LifeGlue Technologies is a Finnish spin-out from Tampere University advancing Glue4Life, a clinical-grade hyaluronic-acid bioink/hydrogel engineered for translational use. Rooted in rigorous, peer-reviewed science, Glue4Life enables high-fidelity 3D bioprinting of human tissues and organs and is designed to support clinical pathways forimplantable constructs and advanced therapies. The platform’s reproducibility and ISO 13485/GMP-aligned documentation help ATMP developers move from R&D to manufacturing with fewer CMC risks. LifeGlue owns its core IP, has achieved first sales and active pilots, and partners with OEMs and leading labs to standardize the raw materials underpinning next-generation regenerative medicine. | $58.3K | Grant | Apr 01, 2025 |  |
| MedicubeX | MedicubeX aims to revolutionize preventive healthcare by building a network of autonomous self-measurement and telehealth eHealth Stations. We are the most advanced health kiosk and the first one in the Nordics. The eHealth Station offers regular clinical-grade medical check-ups for everyone regardless of location. | $1.1M | Grant | Mar 14, 2025 |  |
| Nitro Games | Nitro Games is a Game Developer with a decade of experience in strategy games. We're a free-to-play mobile game developer. Our goal is to offer the players the best possible strategy gaming experience on both tablets and smartphones. We're focusing in making the best production value games with polished and addictive gameplay. | $316.7K | Post-IPO Debt | Dec 09, 2024 |  |

10 of 75 investments shown.

## Co-investors
- [Reaktor Ventures](https://shizune.co/investors/profile/reaktor-polte) — VC Fund, 4 deals together
- [Superhero Capital](https://shizune.co/investors/profile/superhero-cap) — VC Fund, 3 deals together
- [Maki.vc](https://shizune.co/investors/profile/maki-vc) — VC Fund, 2 deals together
- [Tesi](https://shizune.co/investors/profile/tesi) — VC Fund, 2 deals together
- [Vendep Capital](https://shizune.co/investors/profile/vendepcapital) — VC Fund, 2 deals together
- [Aikainen](https://shizune.co/investors/profile/aikainen) — VC Fund, 1 deal together

## Similar investors

### Similar stage
- [Scottish Enterprise](https://shizune.co/investors/profile/scottish-enterprise) — VC Fund
- [Foundation for Innovation and Technology (FIT)](https://shizune.co/investors/profile/foundation-pour-l-innovation-technologique) — VC Fund
- [Business Finland](https://shizune.co/investors/profile/tekes) — VC Fund

## FAQ

### What does Business Finland invest in?

Business Finland invests primarily in Software, Information Technology and Artificial Intelligence startups, most often at Grant and Pre-Seed stage. Most of the 75 investments tracked by Shizune back companies in Finland. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### How do I contact Business Finland?

Public channels for Business Finland include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at Business Finland?

The team at Business Finland includes Marko Vanska (Head of Industry, Growth Capital), Markus Ranne (Program Manager, New Space Economy) and Mikko Koskue (Program Director). The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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