Finland
Porkkalankatu 1, Helsinki, Uusimaa, 00180, Finland
Overview
Business Finland is the public provider for innovation funding, and services for internationalization and travel promotion. From pure food and nature to technological excellence, Finland is a source of continuous innovations with a global impact. Explore what Finnish key industries have to offer. Business Finland connects international buyers with the right contacts and assists investors and companies with investment opportunities.
- Total investments
- 1
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 4
Sector focus
- Business Development
Investment portfolio
- Lygg
Participated · Equity · Jun 2023
Lygg operates a platform and app that schedules contracted private aircraft routes and door-to-door transport to provide direct regional flights as a time- and cost-efficient alternative to hub-based commercial air travel. The service targets underserved locations where anchor corporate clients create sufficient demand, then opens routes for anyone to book. Lygg’s technology measures passenger and cargo volumes to optimize frequencies and minimize empty seats, and it pairs flights with electric vehicle transfers for end-to-end trips. The company says its model reduces travel time, cost, and carbon emissions versus conventional connections and is designed to scale alongside zero-emission aviation solutions. Since beginning operations in June 2022, Lygg has completed 154 flights, carried thousands of passengers to 17 destinations across 12 European countries. The company plans to use new funding to expand routes (including Rotterdam, Stockholm, Aberdeen and Frankfurt), grow its operator base, and enhance a reservation portal that integrates with major travel management company booking tools.