3TS Capital Partners

Managing Partners Pekka Mäki and Sever Totia lead the investment committee alongside senior principals in each office. Mäki is based in Helsinki and has guided the firm since its 1999 founding. Totia joined later and helped expand the firm's presence into Romania and broader Southeastern Europe. The partnership structure means material investment decisions require consensus among the senior team across all four offices.

3TS maintains local offices in Helsinki, Vienna, Bucharest and Warsaw, each staffed by investment professionals with deep regional networks. This multi-local structure allows the firm to identify companies before they appear on broader auction processes. The CEE region remains underserved by institutional growth capital compared to Western Europe, which reduces competitive pressure on early-stage and growth equity rounds where 3TS typically leads.

3TS operates as a direct investor, making equity investments into individual portfolio companies rather than committing capital to other fund managers. The firm structures its own funds, which have historically attracted backing from institutional LPs including the European Investment Fund and Finnish state innovation agency Sitra. 3TS does not market a fund-of-funds product or co-investment platform.

The firm focuses on growth equity and late-stage venture, typically leading rounds for companies that have achieved product-market fit and are scaling revenue. 3TS has also completed earlier-stage startup investments in select cases, particularly in markets where institutional venture capital is scarce. The firm does not typically participate in seed-stage rounds or large-cap buyouts.

3TS concentrates on technology and technology-enabled services and does not invest in natural resources, heavy manufacturing, real estate development or consumer retail. Within its technology mandate, the firm has historically avoided capital-intensive hardware businesses and sectors requiring extensive physical infrastructure, preferring asset-light software and services models that can expand across European borders.

While 3TS was founded in Helsinki and maintains its headquarters there, the firm's investment activity has concentrated on Central and Eastern Europe for most of its history. Finland and the broader Nordic region serve primarily as the firm's administrative and fundraising base rather than its primary investment geography. The CEE emphasis reflects the founders' thesis that growth-stage technology investing offers higher risk-adjusted returns in capital-scarce markets.

3TS has historically led or co-led rounds in its portfolio companies and will syndicate alongside other growth equity and venture firms when appropriate. The firm has co-invested with Western European and US technology investors in cross-border CEE deals where multiple GPs brought complementary regional expertise. 3TS does not market a dedicated co-investment program to external LPs but has accommodated institutional co-investors in individual transactions.