Updated:
Ilmastorahasto
Ilmastorahasto was established in 2016 as a Finnish state-owned government agency. Paula Laine served as CEO from 2020 to 2024. The entity focused on climate...
Overview
Ilmastorahasto was established in 2016 as a Finnish state-owned government agency. Paula Laine served as CEO from 2020 to 2024. The entity focused on climate change mitigation and digitalization promotion. It deployed capital through equity investments and capital loans primarily in Finland. Activities centered on low-carbon industries. Geographic focus remained domestic. The agency maintained a small team under the board chaired by Perttu Puro. In May 2025 it merged into Tesi Group as part of state investment consolidation. It held memberships in the Finnish Venture Capital Association and Climate Leadership Coalition.
General information
Firm type
Government / Public Body
Year founded
2016
Location
Region
Europe
Country
Finland
City
Helsinki
Corporate office
Helsinki, Finland
Principals
Perttu Puro
Chair of the Board of Directors
Paula Laine
Former CEO
Toni Mikkonen
Interim CEO
Sector focus
Frequently asked questions
Who runs investment decisions at Ilmastorahasto?
Perttu Puro serves as Chair of the Board of Directors. Toni Mikkonen acted as Interim CEO during the 2025 transition. Paula Laine previously held the CEO role from 2020 to 2024.
What asset classes does Ilmastorahasto use?
The agency deployed capital through equity investments and capital loans.
Where does the underlying capital come from?
Ilmastorahasto operated as a state-owned Finnish government agency.
Which industry networks does Ilmastorahasto belong to?
It maintained active membership in the Finnish Venture Capital Association and the Climate Leadership Coalition.
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