# Finnish Industry Investment: portfolio, investments and team

> Finnish Industry Investment is an investment firm. 42 investments on record, latest Jun 2015. Portfolio, stages, co-investors and team.

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

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

# Finnish Industry Investment

Last cheque observed Jun 2015. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

Quiet Investment firm

Venture Series A Series B

Cheques on record

**0%** of best year **0** **cheques in 12 months**, 42 on record

Since the last cheque **4137** days **00** hrs **00** min **00** sec

Median round **$4.0M** Rounds led **0 of 42** Sole investor **4 rounds** Exits **1 from the portfolio** Mostly in **Finland, 93%**

Pitch Finnish Industry Investment

## Finnish Industry Investment highlights

- 01 42 rounds on record
- 02 Mostly Venture and Series A: 72% of its rounds
- 03 Sole investor in 4 rounds, median $654K
- 04 1 exits from the portfolio

## What they do

- **Type:** Investment firm (from a list, unverified)
- **Cheque size:** Not stated
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **42 appearances**

- **2015** 3 rounds
- **Jun** **[Enevo](https://millionrounds.com/company/enevo)** Series B · FI **$16M** With 4 others
- **Apr** **[Onbone Oy](https://millionrounds.com/company/onbone-oy)** Venture · FI **$11M** With 2 others
- **Feb** **[LeadDesk](https://millionrounds.com/company/leaddesk)** Series A · FI **$6.2M** With 1 other
- **2014** 2 rounds
- **Aug** **[Enevo](https://millionrounds.com/company/enevo)** Series A · FI **$8.0M** With 5 others
- **Mar** **[Mekitec](https://millionrounds.com/company/mekitec)** Venture · FI **$2.8M** With 1 other
- **2013** 8 rounds
- **Dec** **[Visedo](https://millionrounds.com/company/visedo)** Venture · FI **$5.1M** With 1 other
- **Nov** **[Scoopshot](https://millionrounds.com/company/scoopshot)** Series A · FI · techcrunch.com **$3.9M** With 1 other
- **Oct** **[MariaDB](https://millionrounds.com/company/mariadb)** Series B · FI · techcrunch.com **$20M** With 4 others
- **Apr** **[M-Files](https://millionrounds.com/company/m-files)** Series A · US · techcrunch.com **$7.8M** With 2 others
- **Apr** **[Enevo](https://millionrounds.com/company/enevo)** Series A · FI · finsmes.com **$2.6M** With 1 other
- **Apr** **[Enevo](https://millionrounds.com/company/enevo)** Seed · FI **$2.6M** With 1 other
- **Feb** **[MetGen](https://millionrounds.com/company/metgen)** Venture · FI · finsmes.com **$2.9M** With 2 others
- **Jan** **[Scoopshot](https://millionrounds.com/company/scoopshot)** Venture · FI · techcrunch.com **$5.9M** Sole investor
- **2012** 3 rounds
- **Nov** **[WOT Services](https://millionrounds.com/company/wot-services)** Series A · FI · techcrunch.com **$1.3M** With 2 others
- **Apr** **[MariaDB](https://millionrounds.com/company/mariadb)** Series A · FI · venturebeat.com **$4.0M** With 1 other
- **Feb** **[Vision+](https://millionrounds.com/company/vision)** FI **Undisclosed** With 3 others
- **2011** 6 rounds
- **Aug** **[Academica](https://millionrounds.com/company/academica)** FI · finsmes.com **Undisclosed** Sole investor
- **Jun** **[Mendor](https://millionrounds.com/company/mendor)** Series B · FI · classic.cnbc.com **$12M** With 3 others
- **May** **[Silecs](https://millionrounds.com/company/silecs)** Series E · FI · asiaprnews.com **$16M** With 3 others
- **Jan** **[Nexstim](https://millionrounds.com/company/nexstim)** Venture · FI · tmcnet.com **$15M** With 5 others
- **Jan** **[European Batteries](https://millionrounds.com/company/european-batteries)** Venture · FI · finsmes.com **$19M** With 2 others
- **Jan** **[Beneq](https://millionrounds.com/company/beneq)** Venture · FI · finsmes.com **$12M** With 1 other
- **2010** 2 rounds
- **Nov** **[Valmet Automotive](https://millionrounds.com/company/valmet-automotive)** Venture · FI · finsmes.com **$28M** With 1 other
- **Feb** **[Confidex](https://millionrounds.com/company/confidex)** Venture · FI · technopolisonline.com **$3.8M** With 1 other
- **2009** 5 rounds
- **Feb** **[EpiCrystals](https://millionrounds.com/company/epicrystals)** Venture · FI · teollisuussijoitus.fi **$7.7M** With 1 other
- **Feb** **[WOT Services Ltd.](https://millionrounds.com/company/wot-services-ltd)** Series B · FI **Undisclosed** With 2 others
- **Feb** **[Conformiq](https://millionrounds.com/company/conformiq)** Venture · US · venturebeat.com **$4.2M** With 1 other
- **Jan** **[Axel Technologies](https://millionrounds.com/company/axel-technologies)** Series B · FI · arcticstartup.com **$3.1M** With 1 other
- **Jan** **[Silecs](https://millionrounds.com/company/silecs)** Venture · FI · teollisuussijoitus.fi **$7.9M** With 2 others
- **2007** 3 rounds
- **Oct** **[Virtual Air Guitar Company](https://millionrounds.com/company/virtual-air-guitar-company)** Seed · FI · akseli.tekes.fi **$169K** Sole investor
- **Sept** **[Nexstim](https://millionrounds.com/company/nexstim)** Venture · FI **$11M** With 3 others
- **Jan** **[Quosis](https://millionrounds.com/company/quosis)** Seed · FI · encyclo.co.uk **$260K** With 1 other
- **2006** 8 rounds
- **Dec** **[Aspida](https://millionrounds.com/company/aspida)** Venture · FI **$654K** Sole investor
- **Oct** **[Concilio Networks](https://millionrounds.com/company/concilio-networks)** Venture · US · teollisuussijoitus.fi **$1.3M** With 1 other
- **Sept** **[Max Rumpus](https://millionrounds.com/company/max-rumpus)** Venture · FI **$254K** With 1 other
- **Aug** **[Helmi Technologies](https://millionrounds.com/company/helmi-technologies)** Series B · FI · mirrorgeek.com **$2.5M** With 1 other
- **May** **[Magnasense](https://millionrounds.com/company/magnasense)** Venture · FI **$193K** With 1 other
- **Feb** **[ASAN Security Technologies](https://millionrounds.com/company/asan-security-technologies)** Venture · FI **$1.3M** With 1 other
- **Jan** **[Iqua](https://millionrounds.com/company/iqua)** Series A · FI **$3.1M** With 1 other
- **Jan** **[Trackway](https://millionrounds.com/company/trackway)** Series B · 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.

## Exits from the portfolio

Companies it backed that were later bought or listed **1 in all**

**[Aspida](https://millionrounds.com/company/aspida)** Bought by Tilaajavastuu **Undisclosed** Apr 2013

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

## The cheque

Venture Series A Series B

Median round joined **$4.0M** the round, not its cheque Alone, median **$654K**

Led 0 of 42 rounds **0%**

- **Sole investor:** 4 rounds
- **Last cheque:** Jun 2015
- **Exits:** 1 from the portfolio

Rounds by stage said on their site

- Venture *20*
- Series A *8*
- Series B *7*
- Seed *3*
- Series C *1*

Cheques by year Led Joined

2004 2015

Often in the room with

- [Lifeline Ventures](https://millionrounds.com/fund/lifeline-ventures) 4
- [Sitra](https://millionrounds.com/fund/sitra) 4
- [Conor Venture Partners](https://millionrounds.com/fund/conor-venture-partners) 3
- [EQT life science](https://millionrounds.com/fund/lsp-bioventures) 3
- [Inventure Oy](https://millionrounds.com/fund/inventure-oy) 3
- [OpenOcean](https://millionrounds.com/fund/openocean) 3

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## Who they invest alongside

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

[**Lifeline Ventures** VC firm **4** rounds together](https://millionrounds.com/fund/lifeline-ventures)[**Sitra** Corporate VC **4** rounds together](https://millionrounds.com/fund/sitra)[**Conor Venture Partners** VC firm **3** rounds together](https://millionrounds.com/fund/conor-venture-partners)[**EQT life science** Private equity **3** rounds together](https://millionrounds.com/fund/lsp-bioventures)[**Inventure Oy** VC firm **3** rounds together](https://millionrounds.com/fund/inventure-oy)[**OpenOcean** VC firm **3** rounds together](https://millionrounds.com/fund/openocean)[**Risto Siilasmaa** VC firm **3** rounds together](https://millionrounds.com/fund/risto-siilasmaa)[**Earlybird Venture Capital** VC firm **2** rounds together](https://millionrounds.com/fund/earlybird)[**Finnvera Venture Capital** Government **2** rounds together](https://millionrounds.com/fund/finnvera)[**InnovationsKapital** Investment firm **2** rounds together](https://millionrounds.com/fund/innovationskapital)[**Midinvest** Private equity **2** rounds together](https://millionrounds.com/fund/midinvest)[**Nexit Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/nexit-ventures)

## Quick answers about Finnish Industry Investment

### What does Finnish Industry Investment invest in?

Finnish Industry Investment invests most often at Venture and Series A (72% of the rounds on record).

### How active is Finnish Industry Investment?

42 investments on record, 0 of them in the last 12 months. The most recent was in Jun 2015.

### How big are Finnish Industry Investment's cheques?

The median round it joins is $4.0M.

### Does Finnish Industry Investment lead rounds?

Rarely, if at all: none of its 42 investments on record names it as the lead.

### Where does Finnish Industry Investment invest?

Most of the companies it backs are in Finland (93%) and the United States (8%).

### Is Finnish Industry Investment investing now?

No investments in the last 12 months; the latest was in Jun 2015.

### Who does Finnish Industry Investment invest alongside?

Most often Lifeline Ventures (4 rounds together), Sitra (4 rounds together) and Conor Venture Partners (3 rounds together).

### What kind of investor is Finnish Industry Investment?

Finnish Industry Investment is an investment firm.

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