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Business Finland company logo
Public-Private Partnership
BUSINESS PRODUCTS & SERVICES
businessfinland.fi

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Investments

16

Portfolio Exits

1

Partners & Customers

1

About Business Finland

Business Finland is a public funding agency for research funding in Finland, and is directed by the Finnish Ministry of Employment and the Economy.

Business Finland Headquarter Location

Porkkalankatu 1

Helsinki, 00180,

Finland

+358 29 50 55000

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Business Finland Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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Business Finland Rank

Latest Business Finland News

Trustmary secures EUR 1.86 Million

Sep 20, 2021

Trustmary, a leading testimonial marketing platform headquartered in Jyväskylä (Finland), today announced its first funding round to accelerate growth both in North America and Europe. The EUR 1.86 million investment round consisted of a EUR 1.15 million equity investment from Vendep Capital, a Northern European SaaS focused venture capital company, and a EUR 751K loan from Business Finland, a Finnish governmental funding organization.

Business Finland Investments

16 Investments

Business Finland has made 16 investments. Their latest investment was in Trustmary as part of their Loan on September 9, 2021.

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Business Finland Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/14/2021

Loan

Trustmary

$0.89M

Yes

2

8/10/2021

Loan

Innomost

Yes

1

3/4/2021

Grant - V

Medicortex Finland

Yes

1

12/18/2020

Seed VC

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$99M

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10

12/2/2020

Seed VC - IV

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$99M

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10

Date

9/14/2021

8/10/2021

3/4/2021

12/18/2020

12/2/2020

Round

Loan

Loan

Grant - V

Seed VC

Seed VC - IV

Company

Trustmary

Innomost

Medicortex Finland

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Amount

$0.89M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

2

1

1

10

10

Business Finland Portfolio Exits

1 Portfolio Exit

Business Finland has 1 portfolio exit. Their latest portfolio exit was Mobidiag on April 08, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

4/8/2021

Acquired

$991

14

Date

4/8/2021

Exit

Acquired

Companies

Valuation

$991

Acquirer

Sources

14

Business Finland Partners & Customers

1 Partners and customers

Business Finland has 1 strategic partners and customers. Business Finland recently partnered with Fortum, and Metsä on June 6, 2020.

Date

Type

Business Partner

Country

News Snippet

Sources

6/18/2020

Partner

Fortum, and Metsä

Finland

FORTUM CORPORATION PRESS RELEASE 18 June 2020. Fortum and Metsä Group to launch a joint EUR 50 million R&D programme in circular bioeconomy

Fortum and Metsä Group join forces with Business Finland to create a world-class R&D programme with pulp fibre from renewable and sustainable sources as its node .

1

Date

6/18/2020

Type

Partner

Business Partner

Fortum, and Metsä

Country

Finland

News Snippet

FORTUM CORPORATION PRESS RELEASE 18 June 2020. Fortum and Metsä Group to launch a joint EUR 50 million R&D programme in circular bioeconomy

Fortum and Metsä Group join forces with Business Finland to create a world-class R&D programme with pulp fibre from renewable and sustainable sources as its node .

Sources

1

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