
Kaarina Pekkinen
Chief Financial Officer & Partner
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- Full Name
- Kaarina Pekkinen
- Title
- Chief Financial Officer & Partner (also referred to as Investment Director)
- Firm
- Teknoventure Oy (Teknoventure Management Oy)
- Firm Type
- Independent Finnish venture capital / private equity fund manager and corporate finance (M&A) advisory firm
- Investment Stage
- Early- and later-stage companies (venture and growth/buyout via managed funds)
- Sector Focus
- Mining and critical raw materials, metals and related services, technology, green tech, and financial services
- Geographic Focus
- Finland and Sweden / the Nordics
- Location
- Kempele / Oulu region, Finland
Background
Kaarina Pekkinen is a long-serving partner at Teknoventure Oy, an independent Finnish investment and corporate-finance firm founded in 1991 and owned by its key personnel. She joined the firm in 1995 and today serves as its Chief Financial Officer and a Partner. She holds a degree in Business Administration and has built her career around financial business analysis, the development of financial-administration systems and reporting, and the operational side of running an investment house.
Within Teknoventure, Pekkinen's remit spans the firm's finance and fund-administration functions — including balance-sheet management and the administration of the private-equity funds Teknoventure manages — alongside her partner-level role. Earlier in her tenure she was described as the firm's Investment Director, a role in which she took active board positions at portfolio companies. For example, when Teknoventure's capital-investment fund took a significant minority stake in the Oulu-based children's clothing retailer Antoniina Oy in 2011, Pekkinen chaired Antoniina's board.
Teknoventure sits at the intersection of venture/private-equity investing and corporate-finance advisory. The firm reports involvement in roughly 70 Nordic acquisition or ownership-arrangement projects, arranging capital funding across different stages of company growth, matching companies with venture investors, and advising on M&A and restructurings — chiefly in Finland and Sweden. In more recent years the firm has focused heavily on mining, metals and critical raw materials, developing the ESG-oriented "Green Deal Fund" concept aimed at sustainable extraction of critical minerals for the EU.
Investment Thesis & Focus
- Backs and advises Finnish (and Nordic) companies at both early and later stages, typically through Teknoventure's managed capital-investment funds rather than as a personal angel.
- Core sector emphasis on mining, metals and critical raw materials, technology, green tech, and financial services — increasingly steered toward carbon-neutral, ESG-compliant projects via the planned Green Deal Fund (targeting an initial €100M and up to ~€1B over a decade, aligned with the Paris Agreement).
- Combines equity investment with hands-on corporate-finance work: ownership and financing restructurings, balance-sheet arrangements, M&A, and IPO/capital-funding support.
- Takes an active, board-level ownership approach — Teknoventure partners commonly join or chair portfolio-company boards (Pekkinen chaired Antoniina Oy's board after the firm invested).
- On the Antoniina investment she signalled the firm's growth orientation: the company "is a significant player in its field… we believe the company can grow according to its strategy."
Notable Investments
- Nestor Cables Oy — Oulu-based fibre-optic cable manufacturer; Teknoventure acted as financial advisor to Nestor's shareholders in its 2022 acquisition by Clearfield (transaction value including fees ~US$23M).
- Antoniina Oy — Oulu-based children's clothing retail chain; Teknoventure Management's fund acquired a significant minority stake in 2011 through an ownership/financing restructuring, with Kaarina Pekkinen chairing the board.
- Green Deal Fund (in development) — a Teknoventure-originated fund concept for sustainable critical-materials/mining investment across the EU, seeded by Business Finland development funding (announced Jan 2021).
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