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Business Finland

Investor type Accelerator


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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.
Total investments 153
Average round size
The average size of a deal this fund participated in
Portfolio companies 50
Rounds per year 38.25
Lead investments 20
Follow on index
How often the fund supports its portfolio startups at next rounds
Exits 2
Key employees 1
Stages of investment
Early Stage Venture

Areas of investment

  • Software
  • Artificial Intelligence
  • Information Technology
  • Machine Learning
  • Internet

Business Finland appeared to be the Corporate Investor, which was created in 2018. The leading representative office of defined Corporate Investor is situated in the Helsinki. The company was established in Europe in Finland.

Besides them, we counted 1 critical employee of this fund in our database.

The typical case for the fund is to invest in rounds with 1-2 participants. Despite the Business Finland, startups are often financed by Tekes, VTT Ventures, Finnvera Venture Capital. The meaningful sponsors for the fund in investment in the same round are Reaktor Ventures,, Wave Ventures. In the next rounds fund is usually obtained by Vesalius Biocapital Partners, Novo Seeds, Novartis Venture Fund.

Considering the real fund results, this Corporate Investor is 15 percentage points more often commits exit comparing to other organizations. The fund is constantly included in 13-24 deals per year. The increased amount of exits for fund were in 2017. The typical startup value when the investment from Business Finland is 1-5 millions dollars. The high activity for fund was in 2019. Deals in the range of 1 - 5 millions dollars are the general things for fund.

We can highlight the next thriving fund investment areas, such as Artificial Intelligence, Machine Learning. For fund there is a match between the country of its foundation and the country of its the most frequent investments - Finland. Among the most popular portfolio startups of the fund, we may highlight ICEYE, Mobidiag, Revonte. Besides, a startup requires to be at the age of 6-10 years to receive the investment from the fund. The fund has no exact preference in some founders of portfolio startups.

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Related Funds

Funds investing in previous rounds
These funds often invest in the rounds preceeding the rounds of Business Finland:
Typical Co-investors
Business Finland is more likely to invest in rounds together with the following funds:
Funds investing in following rounds
These funds have a tendency to invest in the following rounds after Business Finland:

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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Front AI

Artificial Intelligence
Customer Service
Machine Learning
Natural Language Processing
$295K15 Jun 2021 Helsinki, Uusimaa, Finland


Health Care
Machine Learning
Speech Recognition
$826K28 May 2021 Helsinki, Southern Finland, Finland


Artificial Intelligence
Financial Services
$59K20 May 2020 Turku, Southwest Finland, Finland

Sessio Software

Augmented Reality
Enterprise Software
Information Technology
Mobile Apps
Subscription Service
$11K12 May 2020 Helsinki, Uusimaa, Finland


Affiliate Marketing
Consumer Reviews
Social Media
Social Network
$1M10 Mar 2020 Helsinki, Uusimaa, Finland


Consumer Electronics
$885K01 Mar 2020 Helsinki, Southern Finland, Finland


Environmental Consulting
15 Jan 2020 Kuopio, North Savo, Finland


Health Diagnostics
Life Science
$1M07 Jan 2020 Espoo, Uusimaa, Finland

Next Games

PC Games
$2M30 Nov 2019 Helsinki, Uusimaa, Finland
eMabler Raises €630K in Funding

– eMabler is a Helsinki, Finland-based eMobility API platform.
– Company closed a €630k funding round.
– The round was led by Sofokus Ventures, Nidoco AB, several angel investors, and Business Finland.
– The new investment will be used to further develop the company’s software and drive growth in the Nordics and rest of Europe.

Business Finland Awarded Funding for Medicortex

– Medicortex Finland Oy, a Finnish biotechnology company focusing on brain injury diagnostics and drug development, announces receiving funding from the Finnish government innovation funding branch Business Finland.
– The funding is meant to expedite the development of a medical diagnostic test to improve detection of traumatic brain injury (TBI) and concussion.
– Medicortex has discovered novel biomarkers of head injury in body fluids such as saliva and urine.
– The objective of the company’s biomarker program is to generate new means for early detection of brain injury, which is a global unresolved issue.
– Current methods of brain injury diagnostics which are based on neurological examination and imaging do not reliably detect mild injury, yet they can have implications that are fatal or develop into a chronic condition if not recognized.


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