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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
Agate Sensors2025Seed$4.7MEspoo
Arivin Therapeutics2025Seed$3.5MHelsinki
Marginum2025Seed$2.9MKuopio
Liquid Sun2025Non Equity AssistanceUndisclosedTampere
Nanoform2025Post Ipo Debt$5.8MHelsinki
University of Eastern Finland2025Grant$3.2MJoensuu
Fiberwood2025Grant$3.6MJärvenpää
Elmery2025Grant$548KHelsinki
CurifyLabs2025Seed$7.6MHelsinki
RNatives2025Seed$1.6MKuopio

Complete List of Business Finland Portfolio Companies (191)

Export
#CompanyStageAmountLocation
101Agate SensorsSeed$4.7MEspoo, Finland
102Arivin TherapeuticsSeed$3.5MHelsinki, Finland
103MarginumSeed$2.9MKuopio, Finland
104Liquid SunNon Equity AssistanceUndisclosedTampere, Finland
105NanoformPost Ipo Debt$5.8MHelsinki, Finland
106University of Eastern FinlandGrant$3.2MJoensuu, Finland
107FiberwoodGrant$3.6MJärvenpää, Finland
108ElmeryGrant$548KHelsinki, Finland
109CurifyLabsSeed$7.6MHelsinki, Finland
110RNativesSeed$1.6MKuopio, Finland
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

BiotechnologyMedicalPharmaceutical

Nanoform is a pioneering company driven by a passion for innovation and a commitment to solving our partners’ problems.

Helsinki, Finland
June 2025
$5.8M
Post Ipo Debt

Founder Contacts

30,000+ verified contacts

EducationHigher EducationUniversities

University of Eastern Finland is a multidisciplinary university which offers teaching in more than 100 major subjects.

Joensuu, Finland
June 2025
$3.2M
Grant

Founder Contacts

30,000+ verified contacts

ManufacturingWood Processing

Fiberwood is a new eco-friendly wood fiber insulation that can be used for a variety of purposes and which has excellent insulation values.

Järvenpää, Finland
June 2025
$3.6M
Grant

Founder Contacts

30,000+ verified contacts

ManufacturingMining TechnologyPrecious MetalsRecycling

Data driven revenue-stage deep tech company, offering patented, cost-efficient and sustainable refining technologies for critical metals.

Helsinki, Finland
June 2025
$548K
Grant

Founder Contacts

30,000+ verified contacts

Health CarePharmaceuticalPrecision Medicine

CurifyLabs is transforming how personalized medicines are made

Helsinki, Finland
May 2025
$7.6M
Seed

Founder Contacts

30,000+ verified contacts

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

Food and BeverageFood ProcessingRetail

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

Uusimaa, Finland
May 2025
$29.5M
Series Unknown

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
Series Unknown

Founder Contacts

30,000+ verified contacts

BiotechnologyEnergyFood Processing

Solar Foods is a food technology company that develops Solein, an alternative to animal-derived proteins.

Helsinki, Finland
February 2025
$10.5M
Grant

Founder Contacts

30,000+ verified contacts

Clean EnergyCleanTechEnergyEnergy StorageRenewable Energy

TheStorage provides sustainable grid-scale energy storage that can discharge heat, steam, or CHP.

Tampere, Finland
February 2025
$1.2M
Seed

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

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

B2BLead GenerationLead ManagementSaaSSoftware

Serviceform helps businesses solve their most common problems with lead generation, marketing, customer manager, and customer support.

Helsinki, Finland
November 2024
$2.6M
Series A

Founder Contacts

30,000+ verified contacts

Food and BeveragePlant-Based Foods

Happy Plant Protein develops a plant protein technology.

Sundsberg, Finland
November 2024
$1.9M
Pre-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

Information TechnologyQuantum ComputingSaaSSimulation

Quanscient develops a multiphysics simulation software that utilizes quantum computing algorithms to improve simulation technology.

Tampere, Finland
November 2024
$5.7M
Series A

Founder Contacts

30,000+ verified contacts

Health DiagnosticsMedical DevicePrecision Medicine

Moncyte Health is developing a patented technology to optimize the treatment and prevention of cardiovascular disease.

Helsinki, Finland
October 2024
$1.1M
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

AutomotiveInformation ServicesInformation Technology

Distance Technologies seeks to develop glasses-free XR applications.

Helsinki, Finland
September 2024
$11.2M
Seed

Founder Contacts

30,000+ verified contacts

Information TechnologyInternet

QMill is the quantum algorithm creator.

Espoo, Finland
September 2024
$4.4M
Seed

Founder Contacts

30,000+ verified contacts

MedicalTherapeutics

Polku Therapeutics operates as a therapeutics company.

Helsinki, Finland
September 2024
$2.0M
Pre-Seed

Founder Contacts

30,000+ verified contacts

Showing 101-125 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, Medical, Manufacturing, Health Care, Medical Device. The firm invests across 43 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 Agate Sensors, Arivin Therapeutics, Marginum, Liquid Sun, Nanoform. These companies were founded in 2020 or later.

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