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Business Finland Portfolio Companies

Investor actively backing innovative startups and growth-stage companies across various industries and funding rounds.

Last updated: July 2026

Business Finland Investment Overview

Portfolio Companies
191
Total Invested
$1.5B
Average Investment
$9.2M

Business Finland's Most Recent Investments (2020+)

Company NameFoundedFunding StageAmountCity
RNatives2025Seed$1.6MKuopio
Vensum Power2023Seed$2.3MHelsinki
Lyfta2022Venture - Series Unknown$3.0MHelsinki
ZirooPay2022Series A$11.4MEspoo
Sulapac2023Debt FinancingUndisclosedHelsinki
Origin by Ocean2023Debt Financing$5.0MEspoo
Virta2023Private Equity$71.4MHelsinki
Geopyörä Oy2026SeedUndisclosedOulu
Jaakko.com2026SeedUndisclosedHelsinki
Fiberdom2025Venture - Series Unknown$3.8MVantaa

Complete List of Business Finland Portfolio Companies (191)

Export
#CompanyStageAmountLocation
26RNativesSeed$1.6MKuopio, Finland
27Vensum PowerSeed$2.3MHelsinki, Finland
28LyftaVenture - Series Unknown$3.0MHelsinki, Finland
29ZirooPaySeries A$11.4MEspoo, Finland
30SulapacDebt FinancingUndisclosedHelsinki, Finland
31Origin by OceanDebt Financing$5.0MEspoo, Finland
32VirtaPrivate Equity$71.4MHelsinki, Finland
33Geopyörä OySeedUndisclosedOulu, Finland
34Jaakko.comSeedUndisclosedHelsinki, Finland
35FiberdomVenture - Series Unknown$3.8MVantaa, Finland
BiotechnologyHealth CareMedical

RNatives develops RNA-based therapies for cardiovascular diseases, focusing on RNA activation of VEGFA.

Kuopio, Finland
May 2025
$1.6M
Seed

Founder Contacts

30,000+ verified contacts

EnergyRenewable Energy

Next big leap in power conversion efficiency

Helsinki, Finland
May 2023
$2.3M
Seed

Founder Contacts

30,000+ verified contacts

Augmented RealityDigital MediaEdTechEducationE-LearningTrainingVirtual Reality

Lyfta is a platform where teachers can find beautiful, engaging, and immersive content to capture the hearts and minds of their students.

Helsinki, Finland
April 2022
$3.0M
Venture - Series Unknown

Founder Contacts

30,000+ verified contacts

Emerging MarketsMobileMobile Payments

ZirooPay is a maker of a mobile card reader that allows small businesses to accept card payments anywhere they operate.

Espoo, Finland
April 2022
$11.4M
Series A

Founder Contacts

30,000+ verified contacts

CleanTechPackaging ServicesPlastics and Rubber ManufacturingSustainability

Sulapac brings solutions to the global plastic waste problem with biodegradable packaging innovation.

Helsinki, Finland
April 2023
Debt Financing

Founder Contacts

30,000+ verified contacts

BiotechnologyEnvironmental Engineering

About us Origin by Ocean harvests and processes sea and ocean grown biomass such as algae, bladder wrack and kelp.

Espoo, Finland
April 2023
$5.0M
Debt Financing

Founder Contacts

30,000+ verified contacts

AutomotiveBusiness DevelopmentCustomer ServiceElectric VehicleElectronicsInformation TechnologyMobile AppsSustainability

Virta is the innovation leader in electric vehicle charging services

Helsinki, Finland
April 2023
$71.4M
Private Equity

Founder Contacts

30,000+ verified contacts

MiningMining Technology

Ore Characterization Technologies

Oulu, Finland
April 2026
Seed

Founder Contacts

30,000+ verified contacts

Real EstateSocial Media

Real estate, social media

Helsinki, Finland
April 2026
Seed

Founder Contacts

30,000+ verified contacts

Packaging ServicesRecyclingWood Processing

Fiberdom is a finnish materials innovation company that offers plastic-free, recyclable,and compostable materials for cutlery and packaging.

Vantaa, Finland
April 2025
$3.8M
Venture - Series Unknown

Founder Contacts

30,000+ verified contacts

Air TransportationMarketplaceSaaSTravel

Travel, Marketplace, PaaS

Helsinki, Finland
April 2024
$1.1M
Undisclosed

Founder Contacts

30,000+ verified contacts

Cyber SecurityInformation TechnologyInternet of Things

Test of Things is to protect customers and society from cyber incidents by simplifying and automating IoT cybersecurity.

Helsinki, Finland
March 2026
$1.4M
Pre-Seed

Founder Contacts

30,000+ verified contacts

AppsLast Mile TransportationMobile PaymentsRide SharingTransportation

MaaS Global is a mobility-as-a-service operator that provides its users all types of city transport services in a single app.

Helsinki, Finland
March 2022
Series B

Founder Contacts

30,000+ verified contacts

AnalyticsFinTechPredictive AnalyticsSaaSSoftware

Palofy provides SMEs and NGOs customer loyalty, donation and payment processing services and develops analysis and forecasting tools.

Helsinki, Finland
March 2022
$34K
Grant

Founder Contacts

30,000+ verified contacts

CRME-Commerce PlatformsSports

A Movingly Good Booking Platform

Helsinki, Finland
March 2026
$668K
Pre-Seed

Founder Contacts

30,000+ verified contacts

E-CommerceInternetMarketing AutomationVideo

Videoly is an automated product video discovery and management tool for e-commerce.

Helsinki, Finland
February 2022
$6.8M
Series A

Founder Contacts

30,000+ verified contacts

Artificial Intelligence (AI)B2BBig DataE-CommerceInformation TechnologyInternetMachine LearningPrice ComparisonSaaSSoftware

Pricen is an AI-driven dynamic pricing platform for retail and e-commerce.

Helsinki, Finland
February 2022
$1.4M
Seed

Founder Contacts

30,000+ verified contacts

EducationHigher EducationUniversities

Aalto University is a multidisciplinary institution that combines science, business, and art and design.

Espoo, Finland
February 2025
$29.8M
Grant

Founder Contacts

30,000+ verified contacts

Arivin Therapeutics has been serving as the Finnish National Coordinator in the BEAM collaboration.

Helsinki, Finland
September 2025
$3.5M
Seed

Founder Contacts

30,000+ verified contacts

Health CareMedical Device

Marginum develops fluorescence-based tissue detection systems to improve surgical performance and cost-effectiveness.

Kuopio, Finland
August 2025
$2.9M
Seed

Founder Contacts

30,000+ verified contacts

3D PrintingBiotechnologyHealth CarePharmaceutical

CurifyLabs is a healthtech company that produces personalized medicines through automation and 3D printing technology.

Helsinki, Finland
May 2025
$7.6M
Seed

Founder Contacts

30,000+ verified contacts

Food and Beverage

Circular economy - Upcycle industrial food waste into high quality protein, oil and fertilizer ingredients

Uusimaa, Finland
May 2025
$29.6M
Venture - Series Unknown

Founder Contacts

30,000+ verified contacts

AppsBiotechnologyHealth Care

TILT Biotherapeutics Ltd is the leading company globally working in the area of enabling tumor.

Helsinki, Finland
May 2025
$25.3M
Series B

Founder Contacts

30,000+ verified contacts

BiotechnologyHealth CareMedicalOncologyTherapeutics

Valo Therapeutics is an immunotherapy company developing tumour antigen-coated oncolytic viruses as therapeutic vaccines.

Helsinki, Finland
March 2025
$20.6M
Venture - Series Unknown

Founder Contacts

30,000+ verified contacts

BiotechnologyHealth DiagnosticsTherapeutics

StemSight is a cell therapy startup developing novel treatments for blindness operating in Tampere, Finland.

Tampere, Finland
February 2025
$2.4M
Seed

Founder Contacts

30,000+ verified contacts

Showing 26-50 of 191 portfolio companies

Frequently Asked Questions About Business Finland

How many companies has Business Finland invested in?

Business Finland has invested in 191 companies tracked in our database. The portfolio spans multiple industries and funding stages, from seed-stage startups to late-stage companies.

What industries does Business Finland invest in?

Business Finland's top investment sectors include Biotechnology, Health Care, Information Technology, SaaS, Medical. The firm invests across 68 different industry categories.

What is Business Finland's largest investment?

Among tracked funding rounds, Virta received $71.4M in a Private Equity round. Business Finland's total known invested capital is $1.5B.

What is the average investment size for Business Finland?

Business Finland's average investment size is $9.2M across its portfolio of 191 companies.

What are Business Finland's most recent investments?

Recent Business Finland portfolio additions include RNatives, Vensum Power, Lyfta, ZirooPay, Sulapac. These companies were founded in 2020 or later.

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