# Business Finland Venture Capital

Business Finland Venture Capital is a Venture Capital based in Helsinki, Finland.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** Helsinki, Finland
- **Region:** Europe
- **Address:** Porkkalankatu 1, 00180 Helsinki, Finland
- **Founded:** 2013
- **Assets under management:** 101 (Altss estimate)
- **Website:** www.businessfinland.vc
- **LinkedIn:** https://linkedin.com/company/tekes-venture-capital-ltd

## Regulatory record

- **Reports private funds:** No

## About

Business Finland Venture Capital was created in 2013 under the Ministry of Economic Affairs and Employment to channel public funds into domestic innovation. Petri Laine serves as managing director and CEO; Harry Brade chairs the board. The entity operates as one arm of the 1983-founded Business Finland agency and maintains close ties with Tesi and Finnvera. Strategy centers on early-stage venture capital, seed investments, start-up rounds, and venture debt. The firm also participates in co-investments and has partnered with the European Investment Fund on the European Angels Fund Finland program. Geographic reach stays concentrated in Finland with additional exposure across other European markets. Confirmed relationships include multiple Finnish venture funds and direct positions alongside EIF. Team size and total professionals remain undisclosed. The firm holds membership in the Finnish Venture Capital Association and Invest Europe. No material operational changes have been recorded in the last 24 months. Governance flows directly from the Ministry, which sets ownership steering and provides recurring capital. This structure separates BFVC from typical private limited partners while embedding it inside the national innovation apparatus.

## Sectors

- Venture Capital

## People

- Petri Laine — Managing Director / CEO
- Harry Brade — Chairman of the Board

## Questions

### Who runs investment decisions at Business Finland Venture Capital?

Petri Laine serves as managing director and CEO. Harry Brade chairs the board. Decisions align with Ministry of Economic Affairs and Employment ownership steering.

### How does Business Finland Venture Capital source proprietary deal flow?

Deal flow arrives through the parent Business Finland agency network, Finnish Venture Capital Association membership, and co-investment programs with the European Investment Fund.

### Does Business Finland Venture Capital participate in fund commitments or only direct deals?

The firm commits to Finnish venture funds and executes direct co-investments alongside partners such as the European Investment Fund.

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/business-finland-venture-capital

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology