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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
Norsepower Oy2023Series C$30.3MHelsinki
TactoTek2025Corporate Round$5.1MOulu
Filtrabit2025Undisclosed$2.3MOulu
Altum Technologies2022Secondary MarketUndisclosedHelsinki
Agileday2026Series A$7.5MHelsinki
Redkik Inc.2022SeedUndisclosedOxford
Nordic Umami Company2023Seed$1.9MEspoo
Hostaway2024Private Equity$365.0MToronto
Aris4Autism2022Debt Financing$284KHeinävesi
Pole Bicycles2022Angel$1.3MMuurame

Complete List of Business Finland Portfolio Companies (191)

Export
#CompanyStageAmountLocation
76Norsepower OySeries C$30.3MHelsinki, Finland
77TactoTekCorporate Round$5.1MOulu, Finland
78FiltrabitUndisclosed$2.3MOulu, Finland
79Altum TechnologiesSecondary MarketUndisclosedHelsinki, Finland
80AgiledaySeries A$7.5MHelsinki, Finland
81Redkik Inc.SeedUndisclosedOxford, United States
82Nordic Umami CompanySeed$1.9MEspoo, Finland
83HostawayPrivate Equity$365.0MToronto, Canada
84Aris4AutismDebt Financing$284KHeinävesi, Finland
85Pole BicyclesAngel$1.3MMuurame, Finland
Clean EnergyCleanTechEnergyEnergy Efficiency

Norsepower Oy is a clean technology and engineering company pioneering the generation of renewable wind energy.

Helsinki, Finland
March 2023
$30.3M
Series C

Founder Contacts

30,000+ verified contacts

3D TechnologyAutomotiveElectronicsManufacturingProduct Design

TactoTek develops and licenses in-mold structural electronics (IMSE) technology, enabling the creation of interactive and smart products.

Oulu, Finland
January 2025
$5.1M
Corporate Round

Founder Contacts

30,000+ verified contacts

IndustrialPollution Control

Filtrabit is a clean technology company that develops industrial-size dust extraction tools that help to solve dust control issues.

Oulu, Finland
December 2025
$2.3M
Undisclosed

Founder Contacts

30,000+ verified contacts

CleanTechIndustrialIndustrial EngineeringSoftware

The 1st company to use software-guided power ultrasound to remove fouling from industrial equipment without production stoppages

Helsinki, Finland
January 2022
Secondary Market

Founder Contacts

30,000+ verified contacts

Artificial Intelligence (AI)Business Process Automation (BPA)Professional ServicesSaaSSoftware

Agileday is a services automation platform combining talent management, timesheets, and project financials into one operating system.

Helsinki, Finland
January 2026
$7.5M
Series A

Founder Contacts

30,000+ verified contacts

InsuranceInsurTechMarine TransportationSaaSSoftware

Redkik is a global InsurTech company providing SaaS solutions to transform the insurance industry within transportation.

Oxford, United States
December 2022
Seed

Founder Contacts

30,000+ verified contacts

Food and Beverage

Developing all-embracing sustainable flavours to accelerate plant-based eating.

Espoo, Finland
January 2023
$1.9M
Seed

Founder Contacts

30,000+ verified contacts

Property ManagementSoftwareVacation Rental

Hostaway is a technology company that provides a platform for property management, focusing on bookings and guest communication.

Toronto, Canada
December 2024
$365.0M
Private Equity

Founder Contacts

30,000+ verified contacts

EdTechHealth CareSaaSWellness

Aris4Autism creates online platforms for autism intervention, providing digital solutions to support the progress of autistic children.

Heinävesi, Finland
December 2022
$284K
Debt Financing

Founder Contacts

30,000+ verified contacts

Sporting Goods

Pole Bicycle Company is a Finnish mountain bike brand. Sustainably made in Finland for an unrivalled riding experience.

Muurame, Finland
December 2022
$1.3M
Angel

Founder Contacts

30,000+ verified contacts

Artificial Intelligence (AI)Information TechnologyLegalMachine LearningService Industry

Herculex.ai is a provider of legal artificial intelligence services.

New York, United States
December 2021
$1.2M
Venture - Series Unknown

Founder Contacts

30,000+ verified contacts

Life ScienceWaste ManagementWater

NPHarvest is a company with expertise in organic waste management, wastewater treatment, and nutrient recovery.

Espoo, Finland
January 2026
$1.4M
Grant

Founder Contacts

30,000+ verified contacts

Digital EntertainmentMobileMusicMusic StreamingMusic Venues

Singa is the Spotify of karaoke for personal and commercial use.

Helsinki, Finland
January 2022
$4.1M
Convertible Note

Founder Contacts

30,000+ verified contacts

Health CareHealth DiagnosticsMachine LearningMedicalMedical Device

Autonomous medical check-ups and AI-powered disease risk prediction.

Helsinki, Finland
November 2025
$3.9M
Equity Crowdfunding

Founder Contacts

30,000+ verified contacts

AnalyticsSaaSService IndustrySoftware

Infine Insight is a B2B SaaS that provides sustainability intelligence and data analytics for FMCG businesses.

Helsinki, Finland
January 2024
$480K
Debt Financing

Founder Contacts

30,000+ verified contacts

Artificial Intelligence (AI)Machine LearningSaaSSoftware

Hukka AI is easy-to-use software to measure and reduce food waste in professional kitchens.

Helsinki, Finland
January 2022
Pre-Seed

Founder Contacts

30,000+ verified contacts

BlockchainComplianceFinTech

We turn regulatory compliance into an automated, real time process by using private, high speed, secure distributed ledgers

Helsinki, Finland
November 2021
$1.1M
Seed

Founder Contacts

30,000+ verified contacts

BiopharmaBiotechnologyMedical

PrecisionPhage is a biotech business that specializes on bacteriophage technologies.

Jyväskylä, Finland
November 2024
$2.3M
Seed

Founder Contacts

30,000+ verified contacts

Health DiagnosticsMedical Device

Quick Answers for Quick Decisions – Confidence Improves Patient Care

Espoo, Finland
October 2024
$1.1M
Debt Financing

Founder Contacts

30,000+ verified contacts

CleanTechElectronicsEnergy

SpinDrive creates customized levitation technology pushing energy efficiency to the maximum level and promoting oil-free solutions.

Lappeenranta, Finland
October 2025
Venture - Series Unknown

Founder Contacts

30,000+ verified contacts

FashionIndustrialManufacturingSustainabilityTextiles

Spinnova is a textile manufacturer that uses wood and waste without the use of harmful chemicals.

Jyväskylä, Finland
October 2024
$13.7M
Post-IPO Debt

Founder Contacts

30,000+ verified contacts

Machinery ManufacturingManufacturingSensor

Agate Sensors offers equipment manufacturers advanced sensors that detect, identify, and classify people, vital signs, objects, and more.

Espoo, Finland
September 2025
$4.7M
Seed

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

Power GridRenewable Energy

Liquid Sun is a new breed of green tech that converts CO2 into fossil-free fuels.

Tampere, Finland
August 2025
Non Equity Assistance

Founder Contacts

30,000+ verified contacts

Showing 76-100 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 Software, SaaS, CleanTech, Manufacturing, Industrial. The firm invests across 55 different industry categories.

What is Business Finland's largest investment?

Among tracked funding rounds, Hostaway received $365.0M 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 Norsepower Oy, TactoTek, Filtrabit, Altum Technologies, Agileday. These companies were founded in 2020 or later.

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