28.10.2020

Finnish Industry Investment – Establishment of Stabilisation Program for Mid-sized Companies

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We advised Finnish Industry Investment Tesi in their establishment of a stabilisation program for investments in mid-sized companies facing sudden and temporary difficulties due to COVID-19, but which have the potential to overcome their financial problems with further financing. The size of the investment program is 150 million euros.

Finnish Industry Investment Tesi is a state-owned investment company that wants to raise Finland to the front ranks of renewing economic growth by investing in funds and directly in companies. Tesi invests profitably and responsibly, hand-in-hand with co-investors, to create the world’s new success stories. The investments managed by Tesi total 1.3 billion euros.

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Vapaus Bikes Finland – Series A funding round

We represented Vapaus Bikes Finland Oy, a company offering employee benefit bikes, in its international EUR 10 million Series A funding round. The investors behind the funding are private equity investors Shift4Good and Superhero Capital Ltd as well as Tesi together with the European Guarantee Fund of the European Investment Bank. The equity-based funding will support the company’s international expansion, software development, platform automation, and the growth of its concept for the second-hand market of bikes. Vapaus Bikes Finland is at the forefront of sustainable mobility services and has been a pioneer in the Employee Benefit Bikes sector since late 2020. It has been ranked among Finland’s fastest growing companies. Shift4Good is an impact venture capital fund focused on the decarbonisation of the transportation sector. 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.

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