# Business Finland

> Business Finland is a VC fund in Helsinki backing Software and SaaS. See 229 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Helsinki, Finland
- Total investments: 229
- Last investment: Jun 2026
- Lead investor: 45%
- Last fund: Mar 2017
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/business-finland/
- X (Twitter): https://twitter.com/businessfinland
- Website: https://www.businessfinland.fi/en/for-finnish-customers/about-us/funding-information/
- Facebook: https://www.facebook.com/BusinessFinland/

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.

## Contacts

5 contacts available for Business Finland. Shizune tracks 6 team members at Business Finland. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/tekes?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $297k–$3.5M |
| Grant | $52k–$10M |
| Debt Financing | $241k–$6.5M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Software | 32 | 14% |
| SaaS | 21 | 9% |
| Biotechnology | 21 | 9% |
| Information Technology | 20 | 9% |
| Artificial Intelligence | 16 | 7% |

213 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Grant | 64 | 28% |
| Seed | 50 | 22% |
| Debt Financing | 27 | 12% |
| Funding Round | 16 | 7% |
| Pre-Seed | 13 | 6% |

12 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Finland | 150 | 66% |
| United States | 7 | 3% |
| Sweden | 1 | 0% |
| United Kingdom | 1 | 0% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Eeva Salminen | Senior Director, Industry & Accounts, Consumer & Health | 0 | https://shizune.co/investors/profile/eeva-salminen |
| Kari Korhonen | Program Manager | 0 | https://shizune.co/investors/profile/kari-korhonen |
| Laura Sulkava | Executive Director, HR & IT & Development | 0 | https://shizune.co/investors/profile/laura-sulkava |
| Nina Kopola | Director General & CEO | 0 | https://shizune.co/investors/profile/nina-kopola |
| Pekka Sivonen | Head of European Collaboration | 0 | https://shizune.co/investors/profile/pekka-sivonen |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Coolbrook | 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 | 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 | 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 | 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 |  |
| eMabler | 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 | Grant | Jun 16, 2026 |  |
| Rotomate | AI industrial equipment diagnostics | $2.4M | Pre-Seed | Jun 10, 2026 |  |
| Skyfora | Skyfora combines scientific understanding of tropical storms with computer vision, machine learning and IoT technologies. |  | Grant | Jun 09, 2026 |  |
| Raisio plc | 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 | Valio Ltd is one of the biggest companies in Finland and mostly produces dairy products | $11.8M | Grant | Apr 21, 2026 |  |
| SSAB | 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 |  |

10 of 229 investments shown.

## Co-investors
- [Lifeline Ventures](https://shizune.co/investors/profile/lifeline-ventures) — VC Fund, 11 deals together
- [Finnvera Venture Capital](https://shizune.co/investors/profile/finnvera-venture-capital) — VC Fund, 10 deals together
- [Reaktor Ventures](https://shizune.co/investors/profile/reaktor-polte) — VC Fund, 7 deals together
- [VTT Ventures](https://shizune.co/investors/profile/vtt-ventures) — VC Fund, 6 deals together
- [Superhero Capital](https://shizune.co/investors/profile/superhero-cap) — VC Fund, 5 deals together
- [Vendep Capital](https://shizune.co/investors/profile/vendepcapital) — VC Fund, 5 deals together

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### Similar country
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## Featured in investor lists
- [All Investors in Finland](https://shizune.co/investors/investors-finland)
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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 229 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 $297k–$3.5M at Seed, $52k–$10M at Grant and $241k–$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 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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