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Alexandra Zavadskaya
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Alexandra Zavadskaya

Investment Manager

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At a glance

Full Name
Alexandra Zavadskaya
Title
Investment Manager
Firm
Ajanta Oy (Salmivuori Family Office)
Firm Type
Family-owned investment company / single-family office (investing across angel/seed through growth stages)
Investment Stage
Seed through growth (Ajanta positions itself as a lead investor "from the very early stages")
Check Size
Not publicly disclosed
Target Company Profile
Rapidly growing, unlisted companies with scalable business models led by "passionate visionary entrepreneurs," plus public companies where active ownership can add value
Sector Focus
Cleantech / green transition, energy transition, industrial tech, circular economy, and adjacent scalable growth sectors; also real estate development
Geographic Focus
Finland and internationally (notably Belgium/Brussels and Turkey/Istanbul)
Location
Helsinki, Finland

Background

Alexandra Zavadskaya is an Investment Manager at Ajanta Oy, the Helsinki-based investment company and single-family office of the Salmivuori family. According to Ajanta's own team page, she brings "deep knowledge of financial administration, planning and management of companies," with expertise spanning financial analysis and valuations, preparation of annual financial statements, investor communications, assistance in capital funding, reporting, and HR management. In her day-to-day role she works on financial forecasting, valuation analysis and recommendations, market and industry research, sensitivity analyses, and the preparation of investment prospectuses and investor presentations — the analytical backbone of Ajanta's deal work rather than a public-facing dealmaker persona.

She holds a Master of Science (Economics and Business Administration) in Finance and Accounting from the Hanken School of Economics in Helsinki (2015–2017). Before Ajanta she worked at Prudentus Capital Oy, where she conducted market and industry analysis alongside competitive and strategic evaluations. Earlier international experience includes hospitality roles at the Fairmont San Francisco and the Novotel Sydney Manly Pacific, per her LinkedIn history.

Ajanta Oy was founded in 1989 by entrepreneur Ari Salmivuori, whose capital originated in successful early bets on Finnish telecom and technology companies such as Saunalahti (later part of Elisa). Today the firm operates as an active-ownership investment company — with a sister vehicle, Ajanta Innovations, focused on the green transition — investing across sectors but with a pronounced cleantech tilt. It has offices in Helsinki and a Brussels subsidiary, and the firm reportedly holds a significant (~40%) stake in the listed asset manager Alexandria Pankkiiriliike Oyj. Alexandra sits on a team of roughly eight professionals that includes CEO Lauri Pietarinen (previously of Hartwall Capital), Investment Director Raif Nisametdin, and fellow Investment Managers Janne Rauramo and Mikko Salmivuori.

Investment Thesis & Focus

  • Active, lead-investor ownership from the early stages: Ajanta describes itself as a lead investor that finances and develops holdings "together with our partners already from the very early stages," adding value through hands-on engagement, networks, and market knowledge.
  • Scalable growth stories with visionary founders: The firm targets "rapidly growing private companies with scalable business models" and "interesting scalable growth stories that are led by passionate visionary entrepreneurs."
  • Cleantech / green transition core: Ari Salmivuori's stated interest is in companies offering a "proven technological edge to disrupt a large market," and Ajanta (with Ajanta Innovations) "currently invest in cleantech companies" — carbon-reducing materials, energy transition, and circular economy themes.
  • Sector-agnostic but growth-focused: Beyond cleantech, coverage extends to FinTech, PropTech, mobility, industrial tech, and healthcare, plus real-estate development in Finland and Turkey.
  • Willingness to hold long and go public: Ajanta "has supported companies from startup phase to public listing," signaling patient capital and comfort with bolt-on acquisitions to build value.
  • Syndication: The firm frequently co-invests alongside Finnish public financiers such as Tesi (Teollisuussijoitus) and Business Finland.

Notable Investments

  • Betolar — Low-carbon building-materials technology company (geopolymer/"green cement") that cuts concrete's carbon footprint by up to ~80%; Ari Salmivuori/Ajanta was a major early backer after seeing the company at a housing fair. Later listed on Nasdaq First North.
  • Safegrid — Electricity-grid monitoring / fault-detection technology (software / industrial tech).
  • Scandinavian Biogas — Biogas producer (energy transition / circular economy).
  • Alexandria Pankkiiriliike Oyj — Listed Finnish asset-management and brokerage firm in which Ajanta holds a large ownership stake.
  • Historical / legacy holdings cited by the firm: Saunalahti (telecom, later Elisa), Amer Sports (sporting goods), and Relais (heavy-vehicle aftermarket).
  • Other portfolio names referenced by data aggregators: Black Donuts, Dolea, Filtrabit, Resand, Probitat.

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