Financials

Profitable and responsible risk-taking

As a state-owned investment company, our mission is not only to be financially profitable but also to develop Finland’s venture capital and private equity market as well as to promote Finnish business and economic growth in Finland.

We operate on market terms, hand-in-hand with private investors on the same terms as them and with the same expectations for returns. Our operations are regulated by law and by decree. We invest in venture capital and prvate equity funds as well as directly in portfolio companies.

The cumulative total of €655m of investments in Tesi made by the Finnish government has grown into €1020m of shareholders’ equity (as at the end of 2017).

We channel the returns from our investments back into new investments. In 2017 we made new investments and commitments amounting to €149m. Our current portfolio includes 702 companies.

Tesi's Annual Review 2017