Investments
208Portfolio Exits
43Funds
3Partners & Customers
1About 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.
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Latest Finnish Industry Investment News
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
208 Investments
Finnish Industry Investment has made 208 investments. Their latest investment was in Virta as part of their Private Equity - II on April 4, 2023.
Finnish Industry Investment Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
4/25/2023 | Private Equity - II | Virta | $71.38M | Yes | 5 | |
6/14/2022 | Series A | TILT Biotherapeutics | $10M | Yes | 5 | |
11/8/2021 | Series B | Dispelix | $33M | No | 9 | |
9/22/2020 | Series C | |||||
9/17/2020 | Series A |
Date | 4/25/2023 | 6/14/2022 | 11/8/2021 | 9/22/2020 | 9/17/2020 |
|---|---|---|---|---|---|
Round | Private Equity - II | Series A | Series B | Series C | Series A |
Company | Virta | TILT Biotherapeutics | Dispelix | ||
Amount | $71.38M | $10M | $33M | ||
New? | Yes | Yes | No | ||
Co-Investors | |||||
Sources | 5 | 5 | 9 |
Finnish Industry Investment Portfolio Exits
43 Portfolio Exits
Finnish Industry Investment has 43 portfolio exits. Their latest portfolio exit was Keliber on October 03, 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 |
|---|---|---|---|---|---|
10/3/2022 | Corporate Majority | 1 | |||
6/16/2022 | Acquired | 4 | |||
1/12/2022 | Acquired | 2 | |||
Date | 10/3/2022 | 6/16/2022 | 1/12/2022 | ||
|---|---|---|---|---|---|
Exit | Corporate Majority | Acquired | Acquired | ||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 1 | 4 | 2 |
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 | Leveraged Buyout | 1 | ||||
8/28/2006 |
Date | 10/10/2008 | 8/28/2006 |
|---|---|---|
Investment Stage | ||
Companies | ||
Valuation | ||
Total Funding | ||
Note | Leveraged Buyout | |
Sources | 1 |
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 | ||||
12/31/2009 | KRR I |
Closing Date | 10/25/2017 | 2/11/2014 | 12/31/2009 |
|---|---|---|---|
Fund | KRR III | FoF Growth II | KRR I |
Fund Type | Fund Of Funds | ||
Status | Closed | ||
Amount | $176M | ||
Sources | 1 |
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.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.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 | |
Name | Juha Marjosola | ||||
|---|---|---|---|---|---|
Work History | |||||
Title | Chief Executive Officer, President | ||||
Status | Current |
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