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industryinvestment.com

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Investments

207

Portfolio Exits

42

Funds

3

Partners & Customers

1

About Finnish Industry Investment

Finnish Industry Investment is a government-owned investment company. It invests the proceeds accrued from the privatization of state-owned companies in stimulating the growth and internationalization of Finnish businesses. Finnish Industry Investment invests in venture capital funds and directly in growth companies, together with private co-investors. The targets are in all sectors. Capital investments are needed for financing the growth of investee companies, and for spin-offs, major industrial investments, and sector and corporate restructurings.

Finnish Industry Investment Headquarter Location

Porkkalankatu 1

Helsinki, 00180,

Finland

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Latest Finnish Industry Investment News

Fira adds more funding from Finnish Industry Investment Ltd (Tesi)

Oct 7, 2019

Fira Group , a Vantaa, Finland-based construction company, announced completing a fresh capital investment round. The funding was provided by the state-owned investment company Tesi (Finnish Industry Investment Ltd), which will extend the investment of Ilmarinen made in 2016. Fira is primarily owned by its founders, managers and personnel. Fira Group, led by CEO Jussi Aho, is comprised of Fira Oy, serving as the main contractor in a wide range of residential and commercial construction, modernisation and pipe renovation projects, as well as smart services that develop new services, products and approaches. Fira employs more than 300 people. Nordic 9

Finnish Industry Investment Investments

207 Investments

Finnish Industry Investment has made 207 investments. Their latest investment was in TILT Biotherapeutics as part of their Series A on June 6, 2022.

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Finnish Industry Investment Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

6/14/2022

Series A

TILT Biotherapeutics

$10M

Yes

4

11/8/2021

Series B

Dispelix

$33M

No

9

9/22/2020

Series C

ICEYE

$87M

Yes

5

9/17/2020

Series A

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$99M

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10

1/21/2020

Series B

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$99M

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10

Date

6/14/2022

11/8/2021

9/22/2020

9/17/2020

1/21/2020

Round

Series A

Series B

Series C

Series A

Series B

Company

TILT Biotherapeutics

Dispelix

ICEYE

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Amount

$10M

$33M

$87M

$99M

$99M

New?

Yes

No

Yes

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Co-Investors

Sources

4

9

5

10

10

Finnish Industry Investment Portfolio Exits

42 Portfolio Exits

Finnish Industry Investment has 42 portfolio exits. Their latest portfolio exit was Picosun on June 16, 2022.

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

6/16/2022

Acquired

$99M

4

1/12/2022

Acquired

$99M

2

9/15/2021

Acq - Fin

$99M

1

6/15/2021

Acquired

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$99M

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10

6/10/2021

Acquired

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$99M

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10

Date

6/16/2022

1/12/2022

9/15/2021

6/15/2021

6/10/2021

Exit

Acquired

Acquired

Acq - Fin

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

4

2

1

10

10

Finnish Industry Investment Acquisitions

2 Acquisitions

Finnish Industry Investment acquired 2 companies. Their latest acquisition was 9Lives on October 10, 2008.

Date

Investment Stage

Companies

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

Total Funding

Note

Sources

10/10/2008

$99M

Leveraged Buyout

1

8/28/2006

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$99M

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10

Date

10/10/2008

8/28/2006

Investment Stage

Companies

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Valuation

$99M

$99M

Total Funding

Note

Leveraged Buyout

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Sources

1

10

Finnish Industry Investment Fund History

3 Fund Histories

Finnish Industry Investment has 3 funds, including KRR III.

Closing Date

Fund

Fund Type

Status

Amount

Sources

10/25/2017

KRR III

Fund Of Funds

Closed

$176M

1

2/11/2014

FoF Growth II

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$99M

10

12/31/2009

KRR I

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$99M

10

Closing Date

10/25/2017

2/11/2014

12/31/2009

Fund

KRR III

FoF Growth II

KRR I

Fund Type

Fund Of Funds

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Status

Closed

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Amount

$176M

$99M

$99M

Sources

1

10

10

Finnish Industry Investment Partners & Customers

1 Partners and customers

Finnish Industry Investment has 1 strategic partners and customers. Finnish Industry Investment recently partnered with Outokumpu, and UPM on .

Date

Type

Business Partner

Country

News Snippet

Sources

Partner

Finland

Finnish Industry Investment Ltd, UPM and Outokumpu Technology to establish a joint venture specialising in RFID antenna production in the global market - Finnish Industry Investment

Finnish Industry Investment Ltd.ntel , UPM and Outokumpu to establish a joint venture specialising in RFID antenna production in the global market .

1

Date

Type

Partner

Business Partner

Country

Finland

News Snippet

Finnish Industry Investment Ltd, UPM and Outokumpu Technology to establish a joint venture specialising in RFID antenna production in the global market - Finnish Industry Investment

Finnish Industry Investment Ltd.ntel , UPM and Outokumpu to establish a joint venture specialising in RFID antenna production in the global market .

Sources

1

Finnish Industry Investment Team

5 Team Members

Finnish Industry Investment has 5 team members, including current Chief Executive Officer, President, Juha Marjosola.

Name

Work History

Title

Status

Juha Marjosola

Chief Executive Officer, President

Current

Marko Hã¤ikiã¶

Chief Financial Officer

Current

Marko Haikio

Chief Financial Officer

Current

Martin Backman

Chief Executive Officer

Former

Mika Toivonen

Controller

Former

Name

Juha Marjosola

Marko Hã¤ikiã¶

Marko Haikio

Martin Backman

Mika Toivonen

Work History

Title

Chief Executive Officer, President

Chief Financial Officer

Chief Financial Officer

Chief Executive Officer

Controller

Status

Current

Current

Current

Former

Former

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