Tesi

Mikko Wartiovaara appointed as CFO and member of the Management Team at Tesi

20.10.2026 09:32:39 EEST | Tesi | Press release

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MSc (Econ) Mikko Wartiovaara has been appointed CFO and member of the Management Team at Tesi (Finnish Industry Investment Ltd) as of 1 Jan 2027. 

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Mikko Wartiovaara, Tesi's new CFO

Mikko has a strong track record in strategic and growth-oriented financial management. He also has extensive experience in business relevant to Tesi’s operating environment and in investor relations, including IPOs, strategic projects and M&As.

Mikko will join Tesi from listed Inderes Oyj, where he served as both CFO and Deputy CEO. Before Inderes, Mikko worked as CFO in technology and security companies, and he has also gained experience in the finance organisations of large international corporations.

“Tesi’s new strategy period has got off to a flying start. It’s fantastic to have such a multi-talented high achiever with a business partner spirit as Mikko join us. He will play an important role in developing Tesi’s operations and in helping the most promising Finnish startups, scaleups, industrial projects and VC & PE funds grow,” says Pia Santavirta, Tesi’s CEO.

“Tesi has a unique role as a catalyst for private capital, and I look forward to joining the Tesi team and now viewing growth and value creation through the eyes of an investor. As CFO, I want to support sound investment decisions and make sure that every euro Tesi invests works many times over for Finland’s growth,” says Wartiovaara.

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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 3.9 billion
  • EUR 12 billion in net sales and some 62,000 jobs in Finland through those growth companies that have received financing directly from Tesi or indirectly through its portfolio funds

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