Tesi invests in Maki.vc fund

Investments in funds - 27.8.2018

Founded by Ilka Kivimäki and Pirkka Palomäki, the Maki.vc fund makes seed round or Series A round investments in promising tech startups. Launched in March 2018, the fund has already investments amounting to EUR 76 million. The company targets the Nordic countries, but the founders are on the lookout for outstanding teams with the potential to radically reshape markets regardless of geographical base, sector or technology.

Maki.vc first announced investments in healthtech firms Disior and Neuro Event Labs, VR/AR studio Glue, recruiting startup Sumpli, travel startup Valpas, and digital collaboration platform developer Happeo. The fund’s latest investment was in power ultrasound developer Altum Technologies.

“We’re extremely impressed by the Maki.vc team’s strong expertise. Ilkka Kivimäki contributes not only his investment experience but also his unique networks, while Pirkka Palomäki contributes his technology knowhow as well as his long experience of managing technology companies. Added to this, both founders are genuinely keen to spur seed-stage companies onwards over the long term. It is very rewarding to play a part in creating new success stories,” says Tesi’s Investment Director Tapio Passinen.

The VC firm is planning to make ten investments during its first operational year. The team is looking for promising startups in the fields of AI, machine learning, new user experiences, and new materials and processes.

Maki.vc has brought together a formidable group of partners, including Risto Siilasmaa (Chairman of Nokia), Ilkka Paananen and Mikko Kodisoja (co-founders of Supercell), and Mistletoe Venture Partners International (founded by Taizo Son). Other institutional investors include OP Financial Group and Ilmarinen Mutual Pension Insurance Company.


For additional information:

Tapio Passinen, Investment director, Tesi
+358 40 840 3681


Tesi (Finnish Industry Investment Ltd) is a venture capital and private equity company that accelerates companies’ success stories by investing in them directly and via funds. Tesi always invests together with other investors, providing them with access to high quality deal-flow in Finland. Our investments under management total €1.2 billion and we have altogether 700 companies in portfolio. www.tesi.fi and @TesiFII