Business Finland
VC Fund
Helsinki, Finland
Business Finland (formerly Tekes) is a Finnish funding agency specialized in research communities, industry, and service sectors.Business Finland promotes a broad-based view on innovation: besides funding technological breakthroughs, Tekes emphasizes the significance of service-related, design, business, and social innovations.The company doesnot derive any financial profit from its activities, nor claim any intellectual proprietary rights.
- Total investments:
- 238
- Last investment:
- Lead investor:
- 45%
- Last fund:
Last updated:
For AI agents: llms.txt
Industries Business Finland invests in
Stages Business Finland invests in
Countries Business Finland invests in
Round sizes
Contacts
| Name | Phone | Socials | |
|---|---|---|---|
| See all 6 contacts → | |||
Round size
- Seed
- $334k–$3.5M
- Grant
- $50k–$10M
- Debt Financing
- $252k–$6.5M
Investment Focus
Industry
- Software 35 (15%)
- SaaS 22 (9%)
- Biotechnology 21 (9%)
- Information Technology 21 (9%)
- Artificial Intelligence 18 (8%)
Stage
- Grant 68 (29%)
- Seed 51 (21%)
- Debt Financing 27 (11%)
- Venture - Series Unknown 18 (8%)
- Pre-Seed 16 (7%)
Country
- Finland 156 (66%)
- United States 7 (3%)
- Sweden 1 (0%)
- United Kingdom 1 (0%)
Team
| Name | Title | Investments | Links | |
|---|---|---|---|---|
Eeva Salminen
Senior Director, Industry & Accounts, Consumer & Health
|
Senior Director, Industry & Accounts, Consumer & Health | Total investments: 0 | Find email | |
Kari Korhonen
Program Manager
|
Program Manager | Total investments: 0 | Find email | |
Laura Sulkava
Executive Director, HR & IT & Development
|
Executive Director, HR & IT & Development | Total investments: 0 | Find email | |
Nina Kopola
Director General & CEO
|
Director General & CEO | Total investments: 0 | Find email | |
Pekka Sivonen
Head of European Collaboration
|
Head of European Collaboration | Total investments: 0 | Find email | |
| See all 6 team members → | ||||
Investments
| Company | Description | Round | Links |
|---|---|---|---|
| The strategy was never the problem. The evidence was correct, sitting in someone's hands, and it died anyway because nothing in the organization was built to carry that evidence from where it was seen to where it could be acted on, and keep it alive long enough to matter. Not a bad plan. Not bad people. A structural gap between signal andauthority that every existing tool — decks, dashboards, status meetings — is too static and too easy to ignore to actually close.STRGY exists because that gap is the default state of every organization above a certain size, and closing it has always required either a heroic individual repeating themselves for years or luck (the corporate pilot needed one person to remember "do not drop this" at the right moment, and no one did). That's not a strategy problem to solve with a better framework — it's an infrastructure problem. You need something that holds the signal, doesn't forget it, doesn't get bored repeating it, and resurfaces it automatically the moment the gap between evidence and action starts to widen. That's what a human can't do reliably at scale, and what software with real memory can. | Grant / Aug 12, 2026 | ||
| Coolbrook is a manufacturer of naphtha cracking-based reactors. Their technology is intended to replace the conventional steam cracker furnace in existing and new olefins plants, enabling petrochemical clients to get improved product yield and lower energy consumption. | $2.9M / Grant / Jun 29, 2026 | ||
| Solar Foods is a food-tech startup that specializes in testing a technology that uses electricity to produce hydrogen which is combined with carbon dioxide, water, vitamins, and minerals to feed and grow microbial biomass that can be used as edible protein. The industrial biotech startup develops a protein called Solein, a nutritious, sustainablesubstitute for animal-derived proteins. Solein is created using elements from the air—CO2, water, nitrogen—and electricity. This single-cell protein is cultivated through gas fermentation, essentially deriving edible calories from hydrogen-oxidizing microbes. | $43.8M / Debt Financing / Jun 17, 2026 | ||
| Solar Foods is a food-tech startup that specializes in testing a technology that uses electricity to produce hydrogen which is combined with carbon dioxide, water, vitamins, and minerals to feed and grow microbial biomass that can be used as edible protein. The industrial biotech startup develops a protein called Solein, a nutritious, sustainablesubstitute for animal-derived proteins. Solein is created using elements from the air—CO2, water, nitrogen—and electricity. This single-cell protein is cultivated through gas fermentation, essentially deriving edible calories from hydrogen-oxidizing microbes. | $45.6M / Grant / Jun 17, 2026 | ||
| EMabler is an EV charging infrastructure software company that develops an API-first platform used by businesses to operate, manage, and scale electric vehicle charging networks. It provides a centralized system for charge point management, billing, pricing, roaming, and energy optimization, allowing operators to control large networks of EVchargers from a single platform. The software connects charging hardware with business systems such as CRM, payment, and energy management tools through open APIs and a large library of integrations. The company focuses on enabling enterprises, such as energy utilities, parking operators, and retail businesses, to embed EV charging directly into their existing services and digital platforms rather than building standalone charging systems. This includes white-label solutions where charging is integrated into a company’s own app or customer experience under its brand. | $1.2M / Debt Financing / Jun 16, 2026 | ||
| AI industrial equipment diagnostics | $2.4M / Pre-Seed / Jun 10, 2026 | ||
| Skyfora combines scientific understanding of tropical storms with computer vision, machine learning and IoT technologies. | Grant / Jun 09, 2026 | ||
| Raisio plc develops, manufactures, and markets foods, functional food ingredients, and animal feeds in Finland, Great Britain, rest of Europe, and internationally. It operates through two segments, Brands and Raisioagro. It offers snacks and cereals products, such as oat flakes, instant porridges, and snack biscuits and drinks under the Elovenabrand name; cereal bars under the Harvest Cheweee brand; sugar puffs under the Honey Monster brand name; flakes and porridges under the Nalle brand; grain-based products under the Nordic brand. | $2.1M / Grant / May 29, 2026 | ||
| Valio Ltd is one of the biggest companies in Finland and mostly produces dairy products | $11.8M / Grant / Apr 21, 2026 | ||
| SSAB is a global leader in value added, high strength steel. SSAB offers products developed in close cooperation with its customers to reach a stronger, lighter and more sustainable world.SSAB is a highly specialized global steel company with approximately 16,000 employees in more than 50 countries. Our production facilities are located inSweden, Finland and the US. We have smaller production sites and steel service centers located around the world. These facilities include a finishing line in Shanghai for customers in Asia and steel service centers in the Nordic countries and Baltic states. SSAB’s steels help to make end products lighter and increase their strength and lifespan.SSAB has a cost-efficient and flexible production system. SSAB’s production plants in Sweden, Finland and the US have an annual steel production capacity of 8.8 million tonnes. The company also has capacity to process and finish various steel products in China and a number of other countries. In Sweden and Finland, production is integrated into a blast furnace process. In the US, it is scrap-based production in electric arc furnaces. | $23.5M / Grant / Apr 21, 2026 | ||
| See all 238 investments → | |||
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FAQ
What does Business Finland invest in?
Business Finland invests primarily in Software, SaaS and Biotechnology startups, most often at Grant and Seed stage. Most of the 238 investments tracked by Shizune back companies in Finland. The Investment Focus section breaks down every industry, stage and country in the portfolio.
What is Business Finland's check size?
Business Finland typically joins rounds of $334k–$3.5M at Seed, $50k–$10M at Grant and $252k–$6.5M at Debt Financing. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Business Finland participates in.
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 Eeva Salminen (Senior Director, Industry & Accounts, Consumer & Health), Kari Korhonen (Program Manager) and Laura Sulkava (Executive Director, HR & IT & Development), among 6 team members tracked by Shizune. 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 Oct 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.
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