Tesi has converted its convertible loan, made under the Venture Bridge special investment programme that closed for initial investments in March 2022, into shares of Rentle. Tesi thus became an owner in the company.
In the recent seed funding round, the company raised some EUR 4 million in growth funding. Tesi participated in the round by converting its convertible loan into Rentle’s shares per previously agreed conditions under the Venture Bridge programme.
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. We invest profitably and responsibly, together with co-investors, to create the world’s new success stories. Our investments under management total 2.4 billion euros. www.tesi.fi | @TesiFII