Stephen Industries is a family-owned investment company based in Helsinki, Finland, founded by serial entrepreneur Kustaa Poutiainen. Originally an industrial holding company since 1992, it transitioned to an investment firm in late 2022, funding innovative Healthtech, Deeptech, and Greentech solutions globally with a long-term horizon.
31% of their portfolio is in Biotech & Life Sciences. Deal activity increased 200% year-over-year (3 deals in the last 12 months).
Portfolio
13
Fund Size
—
Top Stage
Unknown
Last 12 Mo
3
Team
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
13 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Kasvu Therapeutics | Series A | — | Sep 2026 |
 AlixLabs | Series A | — | Nov 2025 |
 Cronvall | Unknown | — | Nov 2025 |
 TILT Biotherapeutics | Seed | $25.6M | May 2025 |
 Gesynta Pharma | Series B | — | Jan 2025 |
 NPHarvest | Seed | $2.4M | Apr 2024 |
 Sooma | Growth | — | Jan 2024 |
 StemSight | Unknown | — | Jan 2024 |
 Fiberwood | Unknown | — | Feb 2023 |
| HHycamite | Unknown | — | — |
 Hycamite TCD Technologies | Unknown | — | — |
 Freepress | Seed | — | — |
 Polar Night Energy | Seed | — | — |
Top Co-Investors
Innovestor4 shared
Business Finland2 shared
Lifeline Ventures2 shared
Voima Ventures2 shared
Sojitz Corporation2 shared
Tesi2 shared
Industrifonden2 shared
Hadean Ventures2 shared
Greencode Ventures1 shared
Nordic Foodtech VC1 shared
Almi Invest1 shared
FORWARD.one1 shared
Global Brain Corporation1 shared
Amboy Street Ventures1 shared
HealthCap1 shared
Foreground Capital1 shared
Kima Ventures1 shared
Last updated: 20 October 2026