Tesi

Enni Rautio appointed as the Interim Director of Tesi’s Fund Investments team

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M.Sc. (Econ.) Enni Rautio has been appointed as the Interim Director of Tesi’s Fund Investments team and as a member of the Management Team, effective 1 November 2024.

Enni Rautio, new Interim Director of Tesi's Fund Invesments team
Enni Rautio, new Interim Director of Tesi's Fund Invesments team

M.Sc. (Econ.) Enni Rautio has been appointed as the Interim Director of Tesi’s Fund Investments team and as a member of the Management Team, effective 1 November 2024. She transitions to this role from her previous position as Investment Director within the same team. Enni joined Tesi in 2016 and has since held roles in both the Financial and Fund Investments teams.

Matias Kaila, the previous director of the Fund Investments team, has decided to embark on a new phase in his career outside of Tesi. Recruitment for a permanent team lead will begin soon.

Tesi is stepping into a new phase, in which its role will strengthen further. It’s fantastic to welcome Enni into her new position, where she will continue the valuable work of advancing the Finnish venture capital and private equity market—a task she has actively pursued with Matias and the entire team. We would also like to warmly thank Matias for his positive energy and many achievements during the last strategic period. Tesi’s fund investment activities have now reached a European benchmark level among state-owned investors,” says Tesi’s CEO, Pia Santavirta.

I joined Tesi in 2017 with the goal of reforming and further developing Tesi’s fund investment operations together with the team. The current state of the operations is strong, and I’m confident that Enni’s capable leadership will continue this success. I would like to extend my gratitude to my team for an excellent and fulfilling journey together, and to the entire Tesi organization for their trust, collaboration, and support,” says Matias Kaila.

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Tesi in a nutshell

Tesi (officially Finnish Industry Investment Ltd) is a state-owned, market-driven investment company that invests in venture capital and private equity funds and directly in Finnish startups and growth companies. tesi.fi | X (Twitter) |  LinkedIn | Instagram | Bluesky | Threads | Newsletter

Tesi’s background:

  • A venture capital and private equity company founded in 1995
  • Officially Finnish Industry Investment Ltd
  • 100% owned by the Finnish state
  • Investments under management EUR 2.6 billion
  • EUR 12 billion in net sales and some 70,000 jobs in Finland through those growth companies that have received financing directly from Tesi or indirectly through its portfolio funds

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Latest releases from Tesi

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Tesin (Suomen Teollisuussijoitus) uuden selvityksen mukaan suomalaisten pääomasijoitusrahastojen tuotot ovat pysyneet hyvällä tasolla sekä eurooppalaisiin verrokkeihin että listattuun markkinaan verrattuna, erityisesti venture capital -rahastojen osalta. Buyout- ja growth-rahastojen kasvaneet tuotot antavat viitteitä vakiintuneempia kasvuyrityksiä koskevan yrityskauppamarkkinan piristymisestä.

Tesi’s survey of investment returns 2025: returns from Finnish VC & PE funds competitive compared to the listed market and European peer funds23.4.2025 00:04:37 EEST | Press release

The latest survey published by Tesi (Finnish Industry Investment) shows that investment returns of Finnish venture capital and private equity (VC & PE) funds compared well to both European peers and the listed market – especially in the case of venture capital funds. Higher returns from buyout & growth funds indicate that the M&A market for more established growth companies is picking up.

Tesin vuosi 2024: yhtiön historian suurin exit, vahva tulos ja valmistautumista uuteen tehtävään20.3.2025 10:15:44 EET | Tiedote

Suomen pääomamarkkinoiden jo useamman vuoden kestänyt heikko tilanne näytti piristymisen merkkejä loppuvuonna, kun Suomessa nähtiin kotimaisten startup-yritysten merkittävän suuria yksittäisiä rahoituskierroksia. Haastavassa markkinassa Tesin tulos oli vahva, 165 miljoonaa euroa, ja yhtiö teki historiansa suurimman irtautumisen (exit) euromääräisesti. Vuosi 2024 oli Tesille myös valmistautumista uuteen, aiempaa vahvempaan teollisuuspoliittiseen tehtävään.

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