Teollisuussijoitus (Tesi) is a Finnish state-backed institutional venture and growth investor based in Helsinki. It invests directly in Finnish startups, scale-ups and industrial companies as a market-based minority investor, and also backs venture capital and private equity funds supporting Finland’s fund ecosystem. Its focus includes deep tech, health tech, clean transition, defense and other strategic sectors, with activity spanning early-stage venture, later-stage venture and growth equity.