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The Venture Codex

Business Finland

Porkkalankatu 1, Helsinki, Uusimaa, 00180, Finland

Overview

Business Finland (formerly Tekes) is a Finnish funding agency specialized in research communities, industry, and service sectors. Business Finland promotes a broad-based view on innovation: besides funding technological breakthroughs, Tekes emphasizes the significance of service-related, design, business, and social innovations. The company does not derive any financial profit from its activities, nor claim any intellectual proprietary rights.

Total investments
120
Lead investments
19
Investments · 12mo
14
Active investors
2

Sector focus

  • Finance
  • Venture Capital
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Investment portfolio

  • STRGY AI

    Participated · Seed · Aug 2026

    STRGY AI develops StrategyOS, an AI-powered platform designed to connect daily work to strategic priorities, flag execution drift early and automate board-ready reporting. The product targets Chiefs of Staff, Heads of Strategy and COOs at mid-market companies across Europe. STRGY reports early customer adoption among consumer brands and private equity-backed companies, and says additional enterprise deployments are in progress. The company plans near-term commercial expansion, deeper enterprise relationships and further product launches later this year. Financially, STRGY has secured €1M in angel funding with backing from private investors across the UK, Norway, Switzerland and Finland, plus equity participation from Innovestor's Angel CoFund and non-dilutive support from Business Finland. The founding team includes Samuli Bäck, Anton Skarp, Oskari Listomaa and Niko Savander.

  • Cornea Sense

    Participated · Seed · Jul 2026

    Cornea Sense develops next-generation ophthalmic diagnostic technology originating from Aalto University. The company is advancing its academic research toward a human-compatible research prototype and plans to de-risk key technical and clinical development milestones. Its immediate use of funds is to generate the data, expertise, and validation necessary to progress toward a globally scalable ophthalmic diagnostic product. Cornea Sense secured a €1.1M+ pre-seed financing package combining private angel investment and a Business Finland R&D grant. The company is based in Espoo, Finland and is leveraging Aalto's spinout ecosystem as it moves toward clinical validation.

  • ReOrbit

    Led · Grant · Jun 2026

    ReOrbit develops the OrbitCloud private satellite network that links drones and handheld devices directly to satellites using 3GPP Non-Terrestrial Network standards while performing AI inference on board. The company’s architecture uses processors and fast intersatellite links to share tasks for reliability, aiming to deliver processed intelligence directly to devices without routing data via ground stations. ReOrbit targets military and industrial users that require communications independent of terrestrial infrastructure. Founded in 2019 and based in Helsinki, the company has about 80–90 employees and plans to expand to 200–250 staff by the end of 2026. In March 2026 ReOrbit signed a €150 million asset-financing deal with SLI for two GEO satellites, with first delivery slated for 2029. The firm is pursuing a larger programme expected to exceed €40 million and has set a goal of achieving €1 billion in sales within four years.

  • Solar Foods

    Led · Grant · Jun 2026

    Solar Foods has developed a proprietary microbe that converts carbon dioxide and hydrogen into Solein, a nutrient-rich, versatile protein ingredient. Solein is positioned as a land- and water-efficient alternative to conventional animal protein, requiring roughly 0.1% of the land and 1% of the water compared with equivalent beef production. The company is building Factory 02 to scale Solein production and has secured a €77.8 million grant and R&D loan package to fund construction, commissioning, upscaling, and optimisation. Solar Foods plans to commercialise Solein at large scale in cooperation with strategic partners and develop scalable business solutions and expertise through the project. The company has also received an order from an unnamed U.S.-based lifestyle company for product development ahead of planned consumer launches in the United States.

  • eMabler

    Participated · Grant · Jun 2026

    Founded in Helsinki in 2019, eMabler builds an API-first B2B software platform for electric vehicle charging, providing about 300 ready-made integrations for payments, billing, charge management, roaming and fleet solutions. The company positions itself as a digital charging infrastructure partner that supports management of charging points, roaming and automated billing, and enables grid-friendly (smart) charging by scheduling sessions based on electricity prices and grid conditions. Key commercial customers and partners include Finland's largest retailer S Group (which runs ABC Charging through eMabler and claims a >50% public charging market share in Finland), Nordic parking operators AimoPark and Time Park, and a partnership with EasyPark to offer combined parking-and-charging services. eMabler reports that integrations into existing apps and loyalty programs have driven higher in-store revenues, increased electricity sales and stronger customer retention for its partners. The company intends to scale this integrated model across broader European markets while expanding its smart-charging features.

Team