Tesi
Venture capital · Helsinki, Finland · Europe
Tesi is a state-owned venture capital and private equity company that invests in Finnish companies and in funds. It makes direct company investments and fund investments, including funds of funds for growth funds, and acts as a co-investor.
Invests inAI & Machine LearningHealthcare & Biotech
In its own wordsfinlandgrowthfund of fundsco-investmentsmesprivate equity
Your fit with Tesi
Four questions about your startup
See how your round matches what it backs, point by point.
Or find every investor that fitsTesi lists 19 checked portfolio companies on its own site and is named in 24 funding rounds, 2 of them as lead. Its most frequent entry is Series A, 60% of the companies with a known first round. Its largest themes are AI & Machine Learning (36%), Healthcare & Biotech (21%) and Fintech (9%). 68% of its companies are based in Finland. It invests most often alongside Lifeline Ventures, Inventure and byFounders.
Counts come from funding rounds that name Tesi, complete from mid-2025: earlier rounds appear only when they were reported later. Round amounts and full round histories are on Fundup AI.
Entry stage
share of companies by the stage of its first roundShow as a table
| Value | |
|---|---|
| Pre-seed | 0% |
| Seed | 13% |
| Series A | 60% |
| Series B | 20% |
| Growth | 7% |
Activity by year
rounds it joined, last 10 yearsShow as a table
| Total | Rounds it led | |
|---|---|---|
| '17 | 0 | 0 |
| '18 | 0 | 0 |
| '19 | 0 | 0 |
| '20 | 0 | 0 |
| '21 | 0 | 0 |
| '22 | 1 | 0 |
| '23 | 3 | 0 |
| '24 | 1 | 0 |
| '25 | 10 | 2 |
| '26 | 9 | 0 |
Investor profile
percentile among all firmsShow as a table
| Measure | Percentile of all firms | Value |
|---|---|---|
| Portfolio size | 49th | 19 companies |
| Recent activity | 96th | 12 rounds in 12 months |
| Early stage | 55th | 13% of entries at pre-seed or seed |
| Evidence | 52th | 0% of companies confirmed by a round |
| Sector focus | 67th | 36% in its largest sector |
| Reach | 88th | 7 countries |
Investment themes
share of its checked companiesThis firmAll checked companies
Show as a table
| This firm | All checked companies | |
|---|---|---|
| AI & Machine Learning | 36% | 18% |
| Healthcare & Biotech | 21% | 15% |
| Fintech | 9% | 12% |
| Industrial & Manufacturing | 9% | 7% |
| Cybersecurity | 6% | 4% |
| Real Estate & Construction | 3% | 3% |
| Legal & Compliance | 3% | 2% |
| Education | 3% | 7% |
Invests most often with
firms sharing its portfolio companiesShow as a table
| Share | |
|---|---|
| Lifeline Ventures | 5 |
| Inventure | 4 |
| byFounders | 3 |
| Heartcore | 2 |
| Innovestor | 2 |
| Maki.vc | 2 |
| Springvest | 2 |
| VentureFriends | 2 |
Its portfolio companies
where they are based, and what their own sites showSite status
- Site answers1895%
- No longer answers00%
- Points to another company15%
- Parked or sold domain00%
A site that stops answering three checks in a row is counted as no longer answering; that is not proof of closure. A site that points to another company is often an acquisition.
Co-investor network
who it backs companies with, and who they back togetherAll co-investors or Compare portfolios with Lifeline Ventures
Compare Tesi head to head
portfolio size, rounds, entry stages, themes and the companies both backThree or more firms at once: portfolio overlap.
Recent portfolio activity
when companies last raised with Tesi| Date | Company | Stage |
|---|---|---|
| 24 Sept 2026 | Series A | |
| 22 Sept 2026 | Series B | |
| 6 Jul 2026 | Series A | |
| 9 Jun 2026 | Series C+ | |
| 24 Apr 2026 | Series B | |
| 14 Apr 2026 | Series A | |
| 6 Feb 2026 | Series A | |
| 5 Feb 2026 | Round |
Round details for Tesi
Amounts, full round histories and every co-investor in Tesi's rounds are on Fundup AI. VCinfo covers investors and their portfolios.
Portfolio
19 companies checked against their own sites| Company | What it does | Themes | First round with it | Evidence |
|---|---|---|---|---|
| The company develops quantum algorithms for healthcare and life sciences | Healthcare & BiotechAI & Machine Learning | Jun 2023Series A | Funding round | |
| Antler is a global early-stage VC investing in the world's best founders from first check to IPO. | FintechAI & Machine Learning | Feb 2025Round | Funding round | |
| Avenue Biosciences develops technology for protein engineering and optimization, particularly for enhancing production yield and quality of biologic products. | Healthcare & Biotech | Jan 2026Seed | Funding round | |
| Bob W offers accommodations that combine the features of hotels and apartments for short or long-term stays. | Real Estate & ConstructionLegal & Compliance | Oct 2022Series A | Funding round | |
| The company maximizes the value of energy storage systems for its clients. | EducationAI & Machine Learning | Feb 2026Series A | Funding round | |
| CurifyLabs develops and provides automated compounding systems for pharmacies to create personalized medicines | Healthcare & BiotechRobotics & Hardware | Jul 2026Series A | Funding round | |
AI & Machine LearningCybersecurity | Sept 2025Series A · 3 rounds | Funding round | ||
| ICEYE provides synthetic aperture radar satellite data and services for various applications including defense, intelligence, and natural disaster monitoring. | AI & Machine LearningAI & Machine Learning | Dec 2025Series B · 2 rounds | Funding round | |
| Apr 2025Series A | Funding round | |||
| Kasvu Therapeutics develops small molecule treatments for neuropsychiatric and neurodegenerative disorders | Healthcare & Biotech | Sept 2026Series A | Funding round | |
| Kelluu operates a fleet of autonomous airships to deliver aerial data for defense, infrastructure, and environmental use | AI & Machine LearningAI & Machine Learning | Apr 2026Series A | Funding round | |
| Measurlabs tests materials and products for various industries, including pharmaceuticals, medical devices, and construction materials. | Healthcare & BiotechIndustrial & Manufacturing | Sept 2023Seed | Funding round | |
| IQM builds full-stack superconducting quantum computers for HPCs, researchers, and enterprises. | Healthcare & BiotechAI & Machine Learning | Apr 2025Series B · 3 rounds | Funding round | |
| The company builds adaptive intelligence and AI operating systems for European security and defence industries. | AI & Machine LearningCybersecurity | Nov 2025Series A | Funding round | |
| TILT Biotherapeutics is a clinical-stage biotechnology company creating the next generation of immunotherapies for solid tumors. | Healthcare & Biotech | May 2025Series B | Funding round | |
| Vendep Capital invests in B2B software founders across the Nordics and Baltics | FintechAI & Machine Learning | Nov 2025Round | Funding round | |
| Vexlum produces semiconductor lasers for various applications | Media & EntertainmentIndustrial & Manufacturing | Feb 2026Round | Funding round | |
| Voima Ventures funds scientific deep tech ventures in the Nordics and Baltics. | FintechAI & Machine Learning | Dec 2024Round | Funding round | |
| Wirepas connects infrastructure-grade deployments reliably with its platform | Industrial & ManufacturingEnterprise Software | Oct 2023Series C+ | Funding round |
About this data
site last read 11 Nov 2026- Site
- tesi.fi
- Last read
- 11 Nov 2026
- Watching since
- 5 Nov 2026
- Rounds since
- 25 Oct 2022
- Companies checked
- 19
Rates come from what VCinfo has observed since observation_start. Firms tend to remove companies that closed, so early rates understate reality. A company leaving a portfolio page does not mean it closed or exited. An unreachable site means our checks failed, nothing more.
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