Tesi

Samuel Wendelin appointed as the Director of Tesi’s Fund Investments team and member of the Management Team

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MSc (Econ.) Samuel Wendelin has been appointed as the Director of Tesi’s (Finnish Industry Investment) Fund Investments team and as a member of the Management Team, effective 1 Sep 2025.

Samuel Wendelin, the new Director of Fund Investments as of 1 Sep 2025
Samuel Wendelin, the new Director of Fund Investments as of 1 Sep 2025

Enni Rautio, who served as the Interim Director of the Fund Investments team, will transition – according to prior agreement – to the role of Investment Director in Tesi’s Industrial Investments team, focusing on large-scale industrial projects.

Samuel steps into the team leadership role from his previous position as Investment Director. He has been with Tesi since 2019, and prior to that, he worked at EY, Summa Capital, and Handelsbanken.

Tesi has entered a new strategic period, during which its role as a builder of growth has strengthened, and we are now better positioned to pursue fund investment activities at greater scale. It’s truly great to welcome Samuel into this new role from within the organization. He has grown into a top-tier professional and has been responsible for preparing Tesi’s new fund investment strategy. I’m confident that our fund investment operations will remain in capable hands,” says Pia Santavirta, CEO of Tesi.

I would also like to warmly thank Enni, who took on the interim leadership of the Fund Investments team at the turn of the year and guided the team into the new strategic period. I’m pleased that Tesi can offer our top talent professional career opportunities in private equity. We realize career dreams together,” Santavirta continues.

I’m grateful for the trust placed in me and excited about the opportunity to continue Tesi’s impactful work in this new role. We have a fantastic team and a lot to accomplish in supporting growth companies and developing the Finnish venture capital and private equity market,” says Wendelin.

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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, and to new industrial scale businesses. 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

Tuottotutkimus 2025: suomalaisten pääomasijoitusrahastojen tuotot kilpailukykyisiä listattuun markkinaan ja eurooppalaisiin rahastoihin verrattuna23.4.2025 00:04:37 EEST | Tiedote

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.

Tesi's year 2024: The largest exit in its history, strong performance, and preparation for a new role20.3.2025 10:15:44 EET | Press release

The prolonged weak state of Finland's venture capital and private equity (VC & PE) market showed signs of improvement towards the end of the year, marked by significant individual funding rounds in domestic startups. In this challenging market, Tesi achieved a strong result of EUR 165 million and executed the largest exit in its history in terms of euros. The year 2024 also involved preparing for a new, more robust industrial policy role.​

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