Tesi is the Finnish state-owned investment company that trades under the name Tesi and whose legal name is Finnish Industry Investment Ltd. Its own about page describes it as "a state-owned investment company with an industrial policy mission" that invests "in funds and directly in companies" across venture capital and private equity. It reports EUR 3.2 billion of investments under management for 2025, 137 VC and PE funds invested in and 1,463 portfolio companies reached through funds and direct holdings, of which 576 are domestic and 887 international. The group comprises the parent company and four wholly owned subsidiaries: FEFSI Management Oy, Tesi AIFM Oy, Tesi Industrial Management Oy and Industrial Subsidy Oy. Its head office is at Porkkalankatu 1, Helsinki, and its business ID is 1007806-3.
€3.2B (investments under management, per Tesi's own key figures for 2025) AUM74/100 Power Score™- FoundedHelsinki, Finland
Tesi's own history page places the establishment and capitalisation of Tesi in its 1990 to 1995 block: "Sales proceeds from state assets used to pay down state debts, invest in R&D, and to establish and capitalise Tesi."
1996
Investment operations start, per the history page section headed 1995 to 2000, "Birth of Tesi".
1997
Technology Fund (Teknologiarahasto) co-founded with Sitra.
2003
Finnvera's and Sitra's fund units transferred to Tesi.
2025
Key figures for 2025 report EUR 3.2 billion of investments under management, shareholders' equity of EUR 2,571 million and a balance sheet total of EUR 2,750 million.