S
LP profile
Sitra
Venture Capital · Founded 1967 · Helsinki, Finland
72
VC firms backed
$1.1B
AUM
~$34M
Allocated to VC (est. 3%)
01 · Background
Who Sitra is.
- Historical Background
- Sitra was established in 1967 as a gift to Finland for its 50th anniversary of independence. It is a future-oriented fund that operates directly under the supervision of the Finnish Parliament. Initially a significant provider of R&D funding in Finland, Sitra financed early-stage product development, including the development of xylitol, and provided risk capital for the internationalization of Finnish companies such as Kone.
- Source of Capital
- Sitra's operations are financed by the investment returns from its original endowment capital. The endowment was granted by the Finnish Parliament and the Bank of Finland. By law, this capital must be invested securely and profitably to fund Sitra's ongoing work.
- Major Events
- Since 2014, Sitra has not made any new direct investments into companies, shifting its focus to societal development and acting as a think tank and research body.
- Allocation Strategy
- Sitra's investment assets are primarily allocated to funds. The organization determines the high-level allocation, but the external funds' managers make the decisions on individual investment targets. The fund's mandate is to promote Finland's sustainable development and competitiveness. Its work is organized around themes such as building a fair data economy and accelerating ecological sustainability.
02 · Fund commitments
The funds Sitra backs.
Sitra is a limited partner in 72 funds. 4 of them place in the Power Law Investor Ranking; those lead, best-ranked first.
Atlas Venture
#53 Power Law
BlackRock
#83 Power Law
KKR
#251 Power Law
Lifeline Ventures
#352 Power Law
3i Group
Aberdeen Asset Management
Access Capital Partners
Apple Tree Partners
Arcmont Asset Management
Ardian
Armada Credit Partners
BaltCap
Bocap
Boston Millennia Partners
BPT Real Estate
Bridgepoint
Campbell Global
Capman
Chrysalix Venture Capital
Crescendo Ventures
Diamondhead Ventures
Edison Partners
Hamilton Lane
HarbourVest Partners
Innovestor Ventures
03 · Allocation
How Sitra’s fund book is spread.
The 72 funds Sitra backs, by where the manager is headquartered and how many funds that manager has raised.
Where those managers are based
By fund headquarters, across the 71 of 72 with a location on record.
- Europe 5577%
- North America 1623%
Finland 27 · United States 15 · United Kingdom 10 · Sweden 4
How established those managers are
Managers grouped by how many funds they have raised — across the 40 of 72 with a fund history on record.
Emerging funds · 10
Established funds · 30
2
1
4
2
4
3
3
4
10
5-6
3
7-9
5
10-14
9
15+
Funds raised by the manager
04 · Direct investments
The companies Sitra backs directly.
Sitra holds 8 companies directly, separate from the funds it commits to as a limited partner.
KNL Networks
$26M valuation
Naava
$31M valuation
FIT Biotech
Nanol Technologies
$6.6M valuation
Optomeditech
$10M valuation
HeadAI Ltd
More Stamina
Summa Energy
$102M valuation
05 · Portfolio market map
Inside Sitra’s portfolio.
The 8 highest-funded portfolio companies, of 8 tracked.
KNKNL Networks
$26M
NaNaava
$31M
FIFIT Biotech
NaNanol Technologies
$6.6M
OpOptomeditech
$10M
HeHeadAI Ltd
MoMore Stamina
SuSumma Energy
$102M
06 · Other LPs
Other LPs.
Other LPs in the Power Law LP ranking, closest to Sitra by combined power-law score — Europe first, then the nearest worldwide.
🇨🇳
Gopher Asset Management
54 VC funds backed
🇬🇧
Patria Private Equity Trust
$17B AUM
38 VC funds backed
🇺🇸
Texas Permanent School Fund
$50B AUM
51 VC funds backed
🇬🇧
Molten Ventures
$2.4B AUM
51 VC funds backed
🇬🇧
British International Investment
$8.2B AUM
73 VC funds backed
🇬🇧
National Security Strategic Investment Fund
$100M AUM
49 VC funds backed
🇫🇷
Quartilium
12 VC funds backed
🇩🇪
German Investment Corporation
$11B AUM
54 VC funds backed