Finland · Investor

Business Finland

Last cheque observed Sep 2026; 153 cheques on record.

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Deploying nowAccelerator

Pre-seedSeedSeries ATravelTourismTraveltech

Deploying now
65%of best year22cheques in 12 months, 153 on record
Since the last cheque60days00hrs00min00sec
Median round$2.3MRounds led1 of 153Sole investor58 roundsExits1 from the portfolioMostly inFinland, 95%
Pitch Business Finland

Business Finland highlights

  1. 01

    22 cheques in the last 12 months

  2. 02

    Mostly Seed and Venture: 58% of its rounds

  3. 03

    Sole investor in 58 rounds, median $1.4M

  4. 04

    1 exits from the portfolio

What they do

Business Finland tukee suomalaisia yrityksiä ja tutkimusorganisaatioita kansainvälistymisessä ja tuotekehityksessä tarjoamalla rahoitusta, tietoa, neuvontaa ja verkostoja.From their own website
Type
Accelerator (from a list, unverified)
Cheque size
Not stated
Stages
Pre-seedSeedSeries ASeries B
Sectors
TravelTourismTraveltech
Based in
Helsinki, Finland
Cold pitches
Not stated

The record

Every round we can evidence, newest first153 appearances

  1. 2026

    20 rounds

  2. Sept
    Distance TechnologiesVenture · FI$11MWith 1 other
  3. Aug
    AiforiaDebt · FI$23MWith 3 others
  4. Aug
    STRGY AIPre-seed · FI$1.2MWith 1 other
  5. Jul
    CurifyLabsSeries A · FI$14MWith 1 other
  6. Jul
    Cornea SensePre-seed · FI$1.3MWith 1 other
  7. Jun
    SkyforaSeed · FI · LUMO Labs$7.5MWith 5 others
  8. Jun
    ICEYESeries F · FI · Promus Ventures$521MWith 9 others
  9. Jun
    eMablerSeries A · FI$4.5MWith 1 other
  10. Jun
    Solar FoodsGrant · FI$46MWith 2 others
  11. Jun
    CoolbrookGrant · FI$2.9MSole investor
  12. Jun
    RotomatePre-seed · FI$2.4MWith 2 others
  13. Jun
    BetolarGrant · FI$2.4MWith 2 others
  14. Apr
    TheStorageSeed · FI · Superhero Capital$4.2MWith 4 others
  15. Apr
    Geopyörä OyVenture · FIUndisclosedWith 1 other
  16. Apr
    AudicinSeed · US · Firms' own news pages$1.9MSole investor
  17. Apr
    Jaakko.comSeed · FI$588KWith 1 other
  18. Mar
    ThrilPre-seed · FI$668KSole investor
  19. Mar
    Test of ThingsPre-seed · FI$1.4MWith 1 other
  20. Jan
    AgiledaySeries A · FI$7.5MWith 3 others
  21. Jan
    NPHarvestGrant · FI$1.4MSole investor
  22. 2025

    23 rounds

  23. Dec
    FiltrabitVenture · FI$2.3MSole investor
  24. Nov
    MedicubeXCrowdfunding · FI$3.9MSole investor
  25. Oct
    SpinDriveVenture · FIUndisclosedWith 3 others
  26. Sept
    Agate SensorsSeed · FI · LIFTT$4.7MWith 2 others
  27. Sept
    Arivin TherapeuticsSeed · FI$3.5MSole investor
  28. Aug
    LiquidSeed · BR · LatamList$2.1MWith 5 others
  29. Aug
    MarginumSeed · FI$2.9MSole investor
  30. Jun
    AIATELLASeed · FI$2.3MWith 1 other
  31. Jun
    University of Eastern FinlandGrant · FI$3.2MWith 2 others
  32. Jun
    FiberwoodGrant · FI$3.6MSole investor
  33. Jun
    NanoformDebt · FI$5.8MSole investor
  34. Jun
    ElmeryGrant · FI$548KSole investor
  35. May
    CurifyLabsSeed · FI$7.6MWith 1 other
  36. May
    VolareVenture · FI$30MWith 1 other
  37. May
    RNativesSeed · FI$1.6MSole investor
  38. May
    TILT BiotherapeuticsSeries B · FI$25MWith 2 others
  39. Apr
    FiberdomVenture · FI$3.8MSole investor
  40. Mar
    Valo TherapeuticsVenture · FI$21MWith 2 others
  41. Feb
    Solar FoodsGrant · FI$11MWith 1 other
  42. Feb
    TheStorageSeed · FI$1.2MWith 1 other

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

The team

We hold 1 person at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

What they claim to have backed

From their own portfolio page (on their website)

0 of 3 we have independently watched raise

Market OpportunitiesTilaa uutiskirjeWhistleblower

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

Exits from the portfolio

Companies it backed that were later bought or listed1 in all

ProtoGeoBought by FacebookUndisclosedApr 2014

An exit counts when it came after the firm's first round in the company. From historical deal records.

Who they invest alongside

The investors most often in the same rounds as Business Finland. A count of rooms they were both in, not a relationship either has claimed.

Lifeline VenturesVC firm12rounds togetherSuperhero CapitalVC firm12rounds togetherVoima VenturesVC firm10rounds togetherVendep CapitalVC firm7rounds togetherEuropean CommissionVC firm6rounds togetherInnovestorAngel network6rounds togetherEIC AcceleratorGovernment5rounds togetherEuropean Investment BankGovernment5rounds togetherEISMEAInvestment firm4rounds togetherFly VenturesVC firm4rounds togetherPlay VenturesVC firm4rounds togetherGorilla CapitalVC firm3rounds together

Recently backed

The latest companies Business Finland put money into.

Distance Technologies$11M · Sept 2026Aiforia$23M · Aug 2026STRGY AI$1.2M · Aug 2026CurifyLabs$14M · Jul 2026Cornea Sense$1.3M · Jul 2026Skyfora$7.5M · Jun 2026

Quick answers about Business Finland

What does Business Finland invest in?

Business Finland invests most often at Seed and Venture (58% of the rounds on record), in sectors such as Travel, Tourism and Traveltech.

How active is Business Finland?

153 investments on record, 22 of them in the last 12 months, and it led 1. The most recent was in Sept 2026.

What has Business Finland invested in recently?

Its most recent investments on record: Distance Technologies (Venture, Sept 2026), Aiforia (Debt, Aug 2026) and STRGY AI (Pre-seed, Aug 2026).

How big are Business Finland's cheques?

The median round it joins is $2.3M.

Does Business Finland lead rounds?

Sometimes: it led 1 of its 153 investments on record (1%).

Where does Business Finland invest?

Most of the companies it backs are in Finland (95%).

Is Business Finland investing now?

Yes: it is actively investing, with 22 investments in the last 12 months.

Who does Business Finland invest alongside?

Most often Lifeline Ventures (12 rounds together), Superhero Capital (12 rounds together) and Voima Ventures (10 rounds together).

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Built from the rounds we watched, its filings and its own website, refreshed every night. How we count · Report a correction · Is this your firm? Claim it