Tesi

Pia Santavirta appointed CEO of Tesi

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Pia Santavirta, LL.M., has been appointed Tesi’s new CEO. She will take up her position at the latest on 1 January 2023. Tesi’s current CEO Jan Sasse will vacate his position on 24 October when he moves to a new employer. Jussi Hattula, who heads Tesi’s Growth & Industrial Investments team, will handle the CEO’s tasks during the transition period.
Pia Santavirta, Tesi's new CEO
Pia Santavirta, Tesi's new CEO

Pia Santavirta comes to Tesi from the Finnish Venture Capital Association (FVCA), of which she has been the Managing Director for the last six years. The Finnish Venture Capital Association has grown into the Nordic countries’ largest venture capital and private equity association under Santavirta’s leadership.

“Tesi has worked very impressively towards improving the availability of financing for startups and growth companies in Finland. It’s marvellous to be able to continue such societally important work together with Tesi’s teams of experts. In my new role I look forward also to further developing sustainability and corporate responsibility activities in collaboration with VC&PE players, startups and growth companies,” comments Pia Santavirta.

“Tesi’s mission is to enhance the operation of Finland’s venture capital and private equity market and to promote the growth and internationalisation of Finnish companies. Santavirta’s industry expertise and extensive cooperation networks, both in Finland and internationally, will contribute to achieving these goals,” comments Jacob af Forselles, Chair of Tesi’s Board of Directors.

Jan Sasse has worked at Tesi since 2015 and headed it since 2017.

“I would like to thank Jan Sasse for his work as Tesi’s CEO and as an influencer in Finland’s venture capital and private equity industry. I wish him every success in his new duties. With Jan Sasse, Tesi has played a central role in developing the Finnish venture capital and private equity market and in transforming Finland’s business community,” adds Jacob af Forselles.

Photo of Pia Santavirta

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Contacts

Pia Santavirta, Managing Director, Finnish Venture Capital Association (FVCA), +358 40 546 7749, pia.santavirta@paaomasijoittajat.fi


Jacob af Forselles, Board Chair. Please address contacts to: Susanna Aaltonen, Director, Communications, +358 40 40 593 4221, susanna.aaltonen@tesi.fi

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Pia Santavirta, Tesi's new CEO
Pia Santavirta, Tesi's new CEO
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About Tesi

Tesi
Tesi
Porkkalankatu 1
00180 Helsinki

Tesi (Finnish Industry Investment Ltd) is a state-owned investment company that wants to raise Finland to the front ranks of transformative economic growth by investing in funds and directly in companies. Our investments under management total 2.4 billion euros. www.tesi.fi | @TesiFII 

 

Background info about Tesi:

  • State-owned investment company established 1995.
  • Investments under management EUR 2.4 billion.
  • Tesi directly, or indirectly through funds, exerts an impact in startups and growth companies that together generate EUR 11 billion in net sales and employ over 70,000 people.

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Latest releases from Tesi

Tesin vuosi 2023: Haastavassa markkinatilanteessa Tesin rooli vastasyklisenä toimijana korostui22.3.2024 10:41:16 EET | Tiedote

Edellisvuonna alkanut yritysten arvostustasojen lasku, pääomasijoitusrahastojen varainkeruun vaikeutuminen ja listautumismarkkinan hiljentyminen jatkuivat vuonna 2023. Epävarmassa markkinatilanteessa ja irtautumisten hidastuessa Tesin (Suomen Teollisuussijoitus) vastasyklinen rooli korostui. Tesi kokosi uuden 200 miljoonan euron Kasvurahastojen rahaston ja teki kappalemääräisesti yli 80 % suorista sijoituksistaan startup- ja kasvuyrityksiin jatkosijoituksina.

Tesi in 2023: Tesi’s role as a stabilising force in a turbulent market becomes increasingly important22.3.2024 10:41:16 EET | Press release

The decline in valuations that began the previous year, complications in the fundraising of venture capital and private equity (VC & PE) funds, and the slowdown in the IPO market all continued in 2023. The prevailing market uncertainty and sluggish exits increase the importance of Tesi’s role as a stabilising counterforce. Tesi raised a new EUR 200 million KRR V fund-of-funds, while over 80% of Tesi’s direct investments were follow-on investments in startup and growth companies.

Tesin yhtiökokous: hallituksen puheenjohtajana jatkaa Jacob af Forselles, uutena jäsenenä hallitukseen Olli Kärkkäinen22.3.2024 10:20:24 EET | Tiedote

Tesin (Suomen Teollisuussijoitus Oy) hallituksen puheenjohtajana jatkaa Jacob af Forselles, ja uudeksi jäseneksi on valittu valtiovarainministeriön strategia- ja tutkimusjohtaja Olli Kärkkäinen. Tesin hallituksen varapuheenjohtajana jatkaa Riku Huttunen sekä hallituksen jäseninä Mia Folkesson, Anniina Heinonen, Minna Helppi ja Timo Leino. Valinnat teki Tesin yhtiökokous 22.3.2024. Yhtiökokous vahvisti konsernin ja emoyhtiön tilinpäätökset ajalta 1.1.–31.12.2023 ja myönsi vastuuvapauden yhtiön hallitukselle ja toimitusjohtajille sekä hyväksyi hallituksen esityksen emoyhtiön tuloksen käyttämisestä. Vuonna 2023 toimitusjohtajana toimi Pia Santavirta. Varsinaiseksi tilintarkastajaksi valittiin KHT-yhteisö KPMG Oy Ab päävastuullisena tilintarkastajana KHT Marcus Tötterman. Hallituksen jäsenet Hallituksen kuvat

Tesi’s Annual General Meeting: Jacob af Forselles continues as Board Chair, Olli Kärkkäinen elected as new Board member22.3.2024 10:20:24 EET | Press release

Jacob af Forselles will continue as Chair of Tesi’s (Finnish Industry Investment Ltd) Board of Directors, and Olli Kärkkäinen, Strategy and Research Director at Finland’s Ministry of Finance, was elected as a new Board member. Riku Huttunen will continue as Vice Chair of Tesi’s Board of Directors, while Mia Folkesson, Anniina Heinonen, Minna Helppi and Timo Leino continue as existing members. The appointments were made by Tesi’s Annual General Meeting on 22 March 2024. The Annual General Meeting also approved the Group’s and parent company’s financial statements for fiscal year 1 Jan–31 Dec 2023, discharged the Board of Directors and the company’s CEO of liability, and approved the Board’s proposal for using the parent company’s profit. The CEO in 2023 was Pia Santavirta. KPMG Oy Ab, Chartered Accountants, was elected as the company’s auditor, with Marcus Tötterman, Chartered Accountant, as lead auditor. Board members Photos of Board

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