# Business Finland: portfolio, investments and team

> Business Finland is an accelerator based in Finland. 153 investments on record, 22 in the last 12 months, latest Sept 2026.

Source: https://millionrounds.com/fund/business-finland (Millionrounds; every figure on the page links to its filing or article)

Finland · [Investor](https://millionrounds.com/investors)

# Business Finland

Last cheque observed Sep 2026; 153 cheques on record.

Email

Deploying now Accelerator

Pre-seed Seed Series A Travel Tourism Traveltech

Follow Business Finland and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fbusiness-finland)

Deploying now

**65%** of best year **22** **cheques in 12 months**, 153 on record

Since the last cheque **60** days **00** hrs **00** min **00** sec

Median round **$2.3M** Rounds led **1 of 153** Sole investor **58 rounds** Exits **1 from the portfolio** Mostly in **Finland, 95%**

Pitch Business Finland

## Business Finland highlights

- 01 22 cheques in the last 12 months
- 02 Mostly Seed and Venture: 58% of its rounds
- 03 Sole investor in 58 rounds, median $1.4M
- 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-seed Seed Series A Series B
- **Sectors:** Travel Tourism Traveltech
- **Based in:** Helsinki, Finland
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **153 appearances**

- **2026** 20 rounds
- **Sept** **[Distance Technologies](https://millionrounds.com/company/distance-technologies)** Venture · FI **$11M** With 1 other
- **Aug** **[Aiforia](https://millionrounds.com/company/aiforia)** Debt · FI **$23M** With 3 others
- **Aug** **[STRGY AI](https://millionrounds.com/company/strgy-ai)** Pre-seed · FI **$1.2M** With 1 other
- **Jul** **[CurifyLabs](https://millionrounds.com/company/curifylabs)** Series A · FI **$14M** With 1 other
- **Jul** **[Cornea Sense](https://millionrounds.com/company/cornea-sense)** Pre-seed · FI **$1.3M** With 1 other
- **Jun** **[Skyfora](https://millionrounds.com/company/skyfora)** Seed · FI · LUMO Labs **$7.5M** With 5 others
- **Jun** **[ICEYE](https://millionrounds.com/company/iceye)** Series F · FI · Promus Ventures **$521M** With 9 others
- **Jun** **[eMabler](https://millionrounds.com/company/emabler)** Series A · FI **$4.5M** With 1 other
- **Jun** **[Solar Foods](https://millionrounds.com/company/solar-foods)** Grant · FI **$46M** With 2 others
- **Jun** **[Coolbrook](https://millionrounds.com/company/coolbrook)** Grant · FI **$2.9M** Sole investor
- **Jun** **[Rotomate](https://millionrounds.com/company/rotomate)** Pre-seed · FI **$2.4M** With 2 others
- **Jun** **[Betolar](https://millionrounds.com/company/betolar)** Grant · FI **$2.4M** With 2 others
- **Apr** **[TheStorage](https://millionrounds.com/company/thestorage)** Seed · FI · Superhero Capital **$4.2M** With 4 others
- **Apr** **[Geopyörä Oy](https://millionrounds.com/company/geopyora-oy)** Venture · FI **Undisclosed** With 1 other
- **Apr** **[Audicin](https://millionrounds.com/company/audicin)** Seed · US · Firms' own news pages **$1.9M** Sole investor
- **Apr** **[Jaakko.com](https://millionrounds.com/company/jaakko-com)** Seed · FI **$588K** With 1 other
- **Mar** **[Thril](https://millionrounds.com/company/thril)** Pre-seed · FI **$668K** Sole investor
- **Mar** **[Test of Things](https://millionrounds.com/company/test-of-things)** Pre-seed · FI **$1.4M** With 1 other
- **Jan** **[Agileday](https://millionrounds.com/company/agileday)** Series A · FI **$7.5M** With 3 others
- **Jan** **[NPHarvest](https://millionrounds.com/company/npharvest)** Grant · FI **$1.4M** Sole investor
- **2025** 23 rounds
- **Dec** **[Filtrabit](https://millionrounds.com/company/filtrabit)** Venture · FI **$2.3M** Sole investor
- **Nov** **[MedicubeX](https://millionrounds.com/company/medicubex)** Crowdfunding · FI **$3.9M** Sole investor
- **Oct** **[SpinDrive](https://millionrounds.com/company/spindrive)** Venture · FI **Undisclosed** With 3 others
- **Sept** **[Agate Sensors](https://millionrounds.com/company/agate-sensors)** Seed · FI · LIFTT **$4.7M** With 2 others
- **Sept** **[Arivin Therapeutics](https://millionrounds.com/company/arivin-therapeutics)** Seed · FI **$3.5M** Sole investor
- **Aug** **[Liquid](https://millionrounds.com/company/liquid)** Seed · BR · LatamList **$2.1M** With 5 others
- **Aug** **[Marginum](https://millionrounds.com/company/marginum)** Seed · FI **$2.9M** Sole investor
- **Jun** **[AIATELLA](https://millionrounds.com/company/aiatella)** Seed · FI **$2.3M** With 1 other
- **Jun** **[University of Eastern Finland](https://millionrounds.com/company/university-of-eastern-finland)** Grant · FI **$3.2M** With 2 others
- **Jun** **[Fiberwood](https://millionrounds.com/company/fiberwood)** Grant · FI **$3.6M** Sole investor
- **Jun** **[Nanoform](https://millionrounds.com/company/nanoform)** Debt · FI **$5.8M** Sole investor
- **Jun** **[Elmery](https://millionrounds.com/company/elmery)** Grant · FI **$548K** Sole investor
- **May** **[CurifyLabs](https://millionrounds.com/company/curifylabs)** Seed · FI **$7.6M** With 1 other
- **May** **[Volare](https://millionrounds.com/company/volare)** Venture · FI **$30M** With 1 other
- **May** **[RNatives](https://millionrounds.com/company/rnatives)** Seed · FI **$1.6M** Sole investor
- **May** **[TILT Biotherapeutics](https://millionrounds.com/company/tilt-biotherapeutics)** Series B · FI **$25M** With 2 others
- **Apr** **[Fiberdom](https://millionrounds.com/company/fiberdom)** Venture · FI **$3.8M** Sole investor
- **Mar** **[Valo Therapeutics](https://millionrounds.com/company/valo-therapeutics)** Venture · FI **$21M** With 2 others
- **Feb** **[Solar Foods](https://millionrounds.com/company/solar-foods)** Grant · FI **$11M** With 1 other
- **Feb** **[TheStorage](https://millionrounds.com/company/thestorage)** Seed · FI **$1.2M** With 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 Opportunities Tilaa uutiskirje Whistleblower

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 listed **1 in all**

**[ProtoGeo](https://millionrounds.com/company/protogeo)** Bought by [Facebook](https://millionrounds.com/fund/facebook) **Undisclosed** Apr 2014

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

## The cheque

Pre-seed Seed Series A

Median round joined **$2.3M** the round, not its cheque Alone, median **$1.4M**

Led 1 of 153 rounds **1%**

- **Sole investor:** 58 rounds
- **Last cheque:** Sept 2026
- **Exits:** 1 from the portfolio

Rounds by stage said on their site

- Seed said *51*
- Venture *27*
- Grant *20*
- Series A said *14*
- Pre-seed said *12*
- Debt *11*
- Series B said *-*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Lifeline Ventures](https://millionrounds.com/fund/lifeline-ventures) 12
- [Superhero Capital](https://millionrounds.com/fund/superhero-capital) 12
- [Voima Ventures](https://millionrounds.com/fund/voima-ventures) 10
- [Vendep Capital](https://millionrounds.com/fund/vendep-capital) 7
- [European Commission](https://millionrounds.com/fund/european-commission) 6
- [Innovestor](https://millionrounds.com/fund/innovestor) 6

**Pitching Business Finland?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## 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 Ventures** VC firm **12** rounds together](https://millionrounds.com/fund/lifeline-ventures)[**Superhero Capital** VC firm **12** rounds together](https://millionrounds.com/fund/superhero-capital)[**Voima Ventures** VC firm **10** rounds together](https://millionrounds.com/fund/voima-ventures)[**Vendep Capital** VC firm **7** rounds together](https://millionrounds.com/fund/vendep-capital)[**European Commission** VC firm **6** rounds together](https://millionrounds.com/fund/european-commission)[**Innovestor** Angel network **6** rounds together](https://millionrounds.com/fund/innovestor)[**EIC Accelerator** Government **5** rounds together](https://millionrounds.com/fund/eic-accelerator)[**European Investment Bank** Government **5** rounds together](https://millionrounds.com/fund/european-investment-bank)[**EISMEA** Investment firm **4** rounds together](https://millionrounds.com/fund/eismea)[**Fly Ventures** VC firm **4** rounds together](https://millionrounds.com/fund/fly-ventures)[**Play Ventures** VC firm **4** rounds together](https://millionrounds.com/fund/play-ventures)[**Gorilla Capital** VC firm **3** rounds together](https://millionrounds.com/fund/gorilla-capital)

## Recently backed

The latest companies Business Finland put money into.

[**Distance Technologies** $11M · Sept 2026](https://millionrounds.com/company/distance-technologies)[**Aiforia** $23M · Aug 2026](https://millionrounds.com/company/aiforia)[**STRGY AI** $1.2M · Aug 2026](https://millionrounds.com/company/strgy-ai)[**CurifyLabs** $14M · Jul 2026](https://millionrounds.com/company/curifylabs)[**Cornea Sense** $1.3M · Jul 2026](https://millionrounds.com/company/cornea-sense)[**Skyfora** $7.5M · Jun 2026](https://millionrounds.com/company/skyfora)

## 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](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=business-finland) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=business-finland)