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Top 25 B2B VC Funds & Investors in Finland (June 2026)

The most active venture capital funds investing in Finland B2B startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Finland B2B startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Business Finland
VC Fund
10 Finland, United States, United Kingdom Grant, Seed, Debt Financing Software, Biotechnology, SaaS $53k–$11M
Superhero Capital
VC Fund
6 Finland, Lithuania, Estonia Seed, Pre-Seed Software, Information Technology, Internet $212k–$3.1M
Vendep Capital
VC Fund
5 Finland, United States, Sweden Seed, Series A SaaS, Software, Analytics $713k–$33M
Gorilla Capital
VC Fund
3 Finland, Sweden, Estonia Pre-Seed, Seed, Series A Software, SaaS, Information Technology $149k–$5.5M
Digital Future
VC Fund
2 United States, Canada, Israel Seed, Pre-Seed, Series A SaaS, Software, Advertising $120k–$2.6M
Inventure
VC Fund
2 Finland, Sweden, United States Seed, Series A, Series B Software, Information Technology, Health Care $549k–$23M
Innovestor
VC Fund
2 Finland, Denmark, Sweden Seed, Pre-Seed Software, Health Care, Information Technology $163k–$4.1M
HOWZAT Partners
VC Fund
2 United Kingdom, Germany, United States Seed, Series A Travel, E-Commerce, SaaS $318k–$11M
BackingMinds
VC Fund
2 Sweden, Denmark, Finland Seed, Pre-Seed SaaS, Software, Agriculture $251k–$8.2M
Finnvera Venture Capital
VC Fund
2 Finland, United States, Chile Seed, Series A Software, Health Care, Information Technology $250k–$22M
Visionplus
VC Fund
2 Finland, United States, United Kingdom Seed, Series A Software, Information Technology, Internet $77k–$14M
Icebreaker.vc
VC Fund
2 Finland, Estonia, Sweden Pre-Seed, Seed, Series A Software, Information Technology, Artificial Intelligence $106k–$25M
Heino Group
VC Fund
1 Finland Seed, Pre-Seed, Venture - Series Unknown B2B, Fruit, Gaming $384k–$2M
Curiosity VC
VC Fund
1 The Netherlands, Finland, Sweden Seed, Pre-Seed, Series A Software, Artificial Intelligence, Information Technology $878k–$11M
Endeit Capital
VC Fund
1 The Netherlands, Germany, Finland Series A, Series B Software, Information Technology, Advertising $3.4M–$37M
Flyer One Ventures
VC Fund
1 United States, United Kingdom, Cyprus Seed, Pre-Seed, Series A Software, Artificial Intelligence, Information Technology $350k–$15M
LIFTT
VC Fund
1 Italy, United Kingdom, France Seed, Series A Software, Biotechnology, Manufacturing $329k–$21M
Hamamatsu Photonics
VC Fund
1 Japan, Belgium, Finland Seed, Series B, Corporate Round Biotechnology, Health Care, Health Diagnostics $549k–$11M
DAAL
VC Fund
1 Egypt, Tunisia, United Arab Emirates Seed, Series A, Convertible Note Software, E-Commerce, Information Technology $100k–$3.3M
Alfabeat
VC Fund
1 Poland, United Kingdom, United States Seed, Series A, Pre-Seed Software, Marketing, SaaS $199k–$13M
Ventech
VC Fund
1 France, Germany, United States Series A, Series B, Seed Software, E-Commerce, Internet $1.2M–$69M
Spring Capital
VC Fund
1 Estonia, Finland, United States Seed, Pre-Seed, Series A Software, SaaS, E-Commerce $439k–$8.2M
OpenOcean
VC Fund
1 Finland, United States, United Kingdom Series A, Series B, Seed Software, Information Technology, SaaS $2.3M–$30M
Loyal VC
VC Fund
1 United States, Canada, United Kingdom Pre-Seed, Seed Artificial Intelligence, Software, E-Commerce $78k–$3.1M
Reaktor Ventures
VC Fund
1 Finland, Germany, United States Seed, Pre-Seed, Series A Internet, Software, E-Commerce $137k–$6.6M
Access all 51 VC funds in Finland B2B startups.

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Investor list

Business Finland
VC Fund · Helsinki, Southern Finland, Finland · 10 investments in Finland B2B startups

Business Finland finances business R&D projects and public research projects at universities, research institutes and universities of applied sciences. Read more about R&D and business funding.

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Investment focus

  • Industry: Software, Biotechnology, SaaS
  • Stage:Grant, Seed, Debt Financing
  • Geography: Finland, United States, United Kingdom

Investor stats

  • Total investments: 192
  • Round size: Seed $297k–$3.5M; Grant $53k–$11M; Debt Financing $241k–$5.8M
  • Lead/follow: 41% lead, 59% follow
  • Last fund: May invest from a new fund soon — last raise in 2017

Portfolio highlights

  • SSAB
  • Marginum — Pioneering the next-generation quantitative surgical techniques.
  • Valio — We are Valio Group: the most innovative dairy and food company in the world.
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Superhero Capital
VC Fund · Helsinki, Southern Finland, Finland · 6 investments in Finland B2B startups

Some call you founders. We call you Superheroes. Seed stage VC investing in insight-driven startups in Finland and the Baltics. Tickets 100 K€ - 1000 K€.

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Investment focus

  • Industry: Software, Information Technology, Internet
  • Stage:Seed, Pre-Seed
  • Geography: Finland, Lithuania, Estonia

Investor stats

  • Total investments: 92
  • Round size: Seed $212k–$3.1M; Pre-Seed $620k–$1.8M
  • Lead/follow: 54% lead, 46% follow
  • Last fund: May invest from a new fund soon — raised $35M in 2020

Portfolio highlights

  • eMabler — We accelerate our customers' business growth by convenience in eMobility with our API-first platform
  • Creagent — Find designers. Screened & shortlisted. Easy, fast and cost-effective - the smart way of sourcing with AI.
  • Dripit.io — dripit - Discover new music trends and predict the Hype
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Vendep Capital
VC Fund · Espoo, Southern Finland, Finland · 5 investments in Finland B2B startups

We back early-stage B2B SaaS founders in the Nordics & Baltics with capital, expertise, and long-term partnership. See how we invest and support growth.

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Investment focus

  • Industry: SaaS, Software, Analytics
  • Stage:Seed, Series A
  • Geography: Finland, United States, Sweden

Investor stats

  • Total investments: 41
  • Round size: Seed $713k–$3.2M; Series A $3.4M–$33M
  • Lead/follow: 51% lead, 49% follow
  • Last fund: May invest from a new fund soon — raised $82M in 2021

Portfolio highlights

  • Agileday — Connect your business elements in one tool and manage your entire operations with Agileday. Match sales, projects, and talent together and optimize your business.
  • Hopsworks — Hopsworks is an online platform for the development and operation of Machine Learning (ML) pipelines at scale, based around the industry's first Feature Store for ML.
  • Test of Things — Test of Things is to protect customers and society from cyber incidents by making IoT cybersecurity easy and automated. They are building a cloud service that automates security testing so customers can ship secure, compliant products with peace of mind.Their platform integrates security into the development lifecycle, enabling continuous testingthat lowers risks and costs while enhancing reputation.
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Gorilla Capital
VC Fund · Helsinki, Southern Finland, Finland · 3 investments in Finland B2B startups

Gorilla Capital helps ambitious startups grow with smart funding and support. Discover how our team invests in early-stage companies.

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Investment focus

  • Industry: Software, SaaS, Information Technology
  • Stage:Pre-Seed, Seed, Series A
  • Geography: Finland, Sweden, Estonia

Investor stats

  • Total investments: 62
  • Round size: Seed $274k–$549k; Pre-Seed $149k–$680k; Series A $2.6M–$5.5M
  • Lead/follow: 74% lead, 26% follow

Portfolio highlights

  • Mobal — It is time to get your Business Profiles in shape. Meet your customers where they are and stand out where it matters most.
  • Serviceform — Welcome to future of communication - the truly all-in-one conversion and management software built for established businesses. Start now!
  • Pandatron — With clients like SAP, Universal Pictures & Skanska, Pandatron is a startup that supports change management. We do it by scaling AI-driven coaching 1-on-1s to every employee, which also allows us to measure change.
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Digital Future
VC Fund · Kyiv, Kyyiv, Ukraine · 2 investments in Finland B2B startups

Digital Future is a leading Ukraine-born VC firm. We provide late seed and early stage funding to revenue-enabled companies with initial traction, scalable business model, indefatigable team and global ambition. Our portfolio includes companies from Ukraine, Europe, Israel, and United States.

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Investment focus

  • Industry: SaaS, Software, Advertising
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Canada, Israel

Investor stats

  • Total investments: 29
  • Round size: Seed $120k–$2.6M; Pre-Seed $424k–$1.2M
  • Lead/follow: 45% lead, 55% follow

Portfolio highlights

  • Preply — Looking for a tutor? Preply is the best platform for private online lessons with a flexible payment system and affordable prices. Book your first lesson.
  • Softcube — The first AI for video ads production. Softcube automatically creates videos of products in use. These ads are delivered through AdWords banners, Facebook, and Instagram.
  • outloud.ai — Outloud.ai: New AI standard for drive-thrus
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Inventure
VC Fund · Helsinki, Southern Finland, Finland · 2 investments in Finland B2B startups

Since 2005, Inventure has backed over 90 companies including Wolt, Swappie, Jobbatical, aiMotive, and more.

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Investment focus

  • Industry: Software, Information Technology, Health Care
  • Stage:Seed, Series A, Series B
  • Geography: Finland, Sweden, United States

Investor stats

  • Total investments: 165
  • Round size: Seed $549k–$6M; Series A $1.3M–$17M; Series B $1.3M–$23M
  • Lead/follow: 46% lead, 54% follow
  • Last fund: Likely still investing — raised $169M in 2022

Portfolio highlights

  • Finch — Optimize building design with AI and graph technology. Get immediate feedback on performance, detect errors and find optimal solutions.
  • Reveel — Say goodbye to paper maps, brochures, and outdated audio guides. Reveel offers digital solutions for destinations such as UNESCO sites, sights, museums, cities, hotels and parks, taking the visitor experience to the next level. Become part of the smart destination movement, enhance the visitor experience, and discover the future of travel.
  • ONEiO — ONEiO is a cloud-native integration service provider connecting people, processes, and tools – enabling seamless collaboration without traditional integration hassle. Provided as a turn-key solution, as self-service, or something in between. You choose.
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Innovestor
VC Fund · Helsinki, Southern Finland, Finland · 2 investments in Finland B2B startups

Innovestor is an active Finnish investment manager, focusing on venture capital, real estate, and energy storage. We also offer corporate venturing services.

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Investment focus

  • Industry: Software, Health Care, Information Technology
  • Stage:Seed, Pre-Seed
  • Geography: Finland, Denmark, Sweden

Investor stats

  • Total investments: 76
  • Round size: Seed $507k–$4.1M; Pre-Seed $163k–$2M
  • Lead/follow: 62% lead, 38% follow
  • Last fund: May invest from a new fund soon — raised $35M in 2020

Portfolio highlights

  • Capalo AI — We maximize the value of your energy storage systems. Now and in the future.
  • Teitur Trophics — Teitur Trophics is a biotech company developing circular peptides for neurodegenerative diseases. The company was founded in 2020 and is headquartered in Aarhus, Denmark.
  • Neumirna Therapeutics — Founded in 2020, NEUmiRNA focuses on achieving transformative disease modification for neurological conditions.
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HOWZAT Partners
VC Fund · Luxembourg, Luxembourg, Luxembourg · 2 investments in Finland B2B startups

Howzat Partners is a venture capital firm specializing in incubation, seed, start up, growth capital, early stage, and mid venture investments. The firm seeks to invest in digital businesses with a focus on internet, digital media, e-commerce companies. It invests globally. It acts as as sounding board. The firm also makes co-investments. HowzatPartners was founded in 2006 and is based in Luxembourg and London.

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Investment focus

  • Industry: Travel, E-Commerce, SaaS
  • Stage:Seed, Series A
  • Geography: United Kingdom, Germany, United States

Investor stats

  • Total investments: 93
  • Round size: Seed $318k–$2.2M; Series A $1.5M–$11M
  • Lead/follow: 17% lead, 83% follow
  • Last fund: May invest from a new fund soon — last raise in 2015

Portfolio highlights

  • Wingly — Wingly is a flight sharing platform. Find pilots or passengers for your trip.
  • Handiscover — Handiscover is the first community based Holiday accommodation-booking website, dedicated to people with special needs and disabilities. At the core of Handiscover lies a unique classification system which allows users to select accommodation based on their different levels of mobility/physical disability. It was founded by SebastienArchambeaud in 2014, a father to a boy with a muscle disease.
  • Mymoria — MYMORIA offers an one-stop-online-shop for full configuration and complete commissioning of funerals. Mymoria is able to offer its services significantly cheaper than traditional mortician homes. The company is offering its services nationwide and work hard to organize our processes efficiently while maintaining thehigh service standards.
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BackingMinds
VC Fund · Stockholm, Stockholms Lan, Sweden · 2 investments in Finland B2B startups

We help great minds unleash their full potential!

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Investment focus

  • Industry: SaaS, Software, Agriculture
  • Stage:Seed, Pre-Seed
  • Geography: Sweden, Denmark, Finland

Investor stats

  • Total investments: 29
  • Round size: Seed $251k–$3.5M; Pre-Seed $820k–$8.2M
  • Lead/follow: 55% lead, 45% follow
  • Last fund: Likely still investing — raised $53M in 2022

Portfolio highlights

  • Tavion — Tavion is a developer of battery energy storage systems that is expediting Europe's shift to renewable energy. Tavion creates and runs utility-scale BESS infrastructure to improve grid flexibility, stabilize intermittent renewable power, and promote energy independence in European markets.
  • Cetasol
  • CemVision — CemVision is an industrial tech company that has been developing CO2-free cement.
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Finnvera Venture Capital
VC Fund · Kuopio, Eastern Finland, Finland · 2 investments in Finland B2B startups

Finnvera makes direct investments in early-stage enterprises through Seed Fund Vera Ltd. Finnvera's goal is to cover shortcomings existing on the market between product development funding and private equity investments. Finnvera does not compete with private financiers; instead, it strives to supplement the financial market.Finnvera'sinvestments enable, start and accelerate growth and internationalisation among investment targets. Enterprises are developed to make them attractive targets for further financing by other investors and industrial actors. Investments are made in technology enterprises at an early stage and in technology-intensive or innovative service enterprises that have potential for developing into international growth enterprises.Finnvera is also known as a specialised financing company owned by the State of Finland. It provides its clients with loans, guarantees, venture capital investments and export credit guarantees.

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Investment focus

  • Industry: Software, Health Care, Information Technology
  • Stage:Seed, Series A
  • Geography: Finland, United States, Chile

Investor stats

  • Total investments: 93
  • Round size: Seed $250k–$1.5M; Series A $1.7M–$22M
  • Lead/follow: 15% lead, 85% follow

Portfolio highlights

  • AISTI — AISTI develops wood fiber-based acoustic tiles that are carbon negative, easy to recycle and plastic-free – bringing sustainability to construction tile by tile.
  • ARAUCO — ARAUCO is a diversified global company in the forestry industry. They use world-class technologies and processes throughout the value chain. They are present in the forestry, pulp, timber, panels and renewable energy businesses.
  • Volare — Refining food industry side streams into sustainable protein, oil and fertilizers.
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Access 48,091 investors

822 industries, 177 countries. Updated daily. Emails and phones included.

Browse database — It's Free!
Visionplus
VC Fund · Helsinki, Southern Finland, Finland · 2 investments in Finland B2B startups

WE HELP YOU TO GROW FASTER!

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Investment focus

  • Industry: Software, Information Technology, Internet
  • Stage:Seed, Series A
  • Geography: Finland, United States, United Kingdom

Investor stats

  • Total investments: 74
  • Round size: Seed $77k–$1.3M; Series A $2M–$14M
  • Lead/follow: 16% lead, 84% follow

Portfolio highlights

  • Film Finances — Discover Film Finances Inc., the global leader in film completion guarantees, ensuring on-schedule and on-budget delivery for over seven decades. Explore our services and industry expertise.
  • LiveMusicStage — We're a live music venue online. We let you to actually take part in the shows and interact with the bands while they're playing. You're always in the front row
  • Verto Analytics — Verto Analytics (Verto) operates a passive metering panel that provides researchers, advertisers, and publishers the data they need to keep up with the rapid and changing pace of consumer media consumption on every app, device, service, and platform. This ongoing, longitudinal panel captures a wide breadth of behaviors—all enriched to clients’behavioral analysis or custom survey studies. Our single-source, passive metering data sets provide the information needed to understand the full digital footprint of the U.S. population. Our Data Labs are located in the US, and in Helsinki, Finland. http://www.vertoanalytics.com.
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Icebreaker.vc
VC Fund · Helsinki, Southern Finland, Finland · 2 investments in Finland B2B startups

Founded in 2016, Icebreaker has invested in over 50 fast-growing tech startups built by domain expert founders from companies like Rovio, Nordea, Pipedrive, Eniram, IBM and BCG. In addition to the fund, Icebreaker also runs a community of more than 1000 founders and pre-founders with 5+ years of relevant industry experience and the will to start,build or join strong tech companies.With the initial ticket sizes of €150k - 800K Icebreaker provides enough funding for companies to get to a position of strength and avoid post-accelerator limbo without having to resort to disreputable sources of capital and unfriendly deal terms.

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Pre-Seed, Seed, Series A
  • Geography: Finland, Estonia, Sweden

Investor stats

  • Total investments: 122
  • Round size: Seed $384k–$5.2M; Pre-Seed $106k–$1.3M; Series A $3.1M–$25M
  • Lead/follow: 54% lead, 46% follow
  • Last fund: May invest from a new fund soon — raised $22M in 2021

Portfolio highlights

  • Cytely — Transforms microscopy from image-driven to data-driven through AI-powered autonomous targeting that captures high-resolution data of critical cellular events, enabling researchers to solve complex biological problems in minutes instead of years.
  • ReOrbit — Looking for a way to keep your data flowing in space? ReOrbit has you covered with our line of autonomous and inter-networking satellites!
  • NROC Security — Prevent data leaks, govern shadow AI, prove compliance, and save 50% on GenAI subscriptions
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Heino Group
VC Fund · Helsinki, Southern Finland, Finland · 1 investments in Finland B2B startups

Heino Group is a food and drink industry company that has grown into an active entrepreneur, investor, owner, and supporter of foodtech companies.

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Investment focus

  • Industry: B2B, Fruit, Gaming
  • Stage:Seed, Pre-Seed, Venture - Series Unknown
  • Geography: Finland

Investor stats

  • Total investments: 4
  • Round size: Seed $384k–$2M
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Vegemi — Vegemi is a free smartphone app that promotes eating fruits and vegetables through gaming. The software was designed with the entire family in mind, but especially to demonstrate youngsters the health advantages of fruits and vegetables in a way that motivates and inspires them.
  • Fiberdom — Fiberdom develops sustainable materials from wood fibers, focusing on plastic-free solutions. The company offers a range of compostable cutlery designed for food service and take-away applications. These products are fully recyclable and comply with European regulations, making them suitable for environmentally conscious consumers. Fiberdomemphasizes innovation in transforming wood fibers into high-performance materials, contributing to sustainability efforts in various industries. The commitment to creating eco-friendly alternatives positions Fiberdom as a key player in the materials innovation sector.
  • Arctic Farming — Disrupting food production by making vertical farming mainstream.
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Curiosity VC
VC Fund · Amsterdam, Noord-Holland, The Netherlands · 1 investments in Finland B2B startups

Investing in the next generation B2B software companies in the Benelux, Nordics & Baltics

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Seed, Pre-Seed, Series A
  • Geography: The Netherlands, Finland, Sweden

Investor stats

  • Total investments: 36
  • Round size: Seed $1.1M–$5.8M; Pre-Seed $878k–$2.5M; Series A $7.7M–$11M
  • Lead/follow: 44% lead, 56% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • XFA — XFA secures devices by verifying security status at login via browser extension and apps.
  • Orq.ai — Orq.ai is the platform to build, ship, and scale AI fast and in control. Give your teams one secure place to develop, test, deploy, and monitor GenAI applications.
  • Validfor — Validfor is an AI-Native agentic digital validation platform designed specifically to address compliance issues in the life sciences and pharmaceutical industries.
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Endeit Capital
VC Fund · Amsterdam, Noord-Holland, The Netherlands · 1 investments in Finland B2B startups

Endeit Capital is a growth capital firm fueling internationalisation and innovation.

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Investment focus

  • Industry: Software, Information Technology, Advertising
  • Stage:Series A, Series B
  • Geography: The Netherlands, Germany, Finland

Investor stats

  • Total investments: 50
  • Round size: Series A $3.4M–$27M; Series B $10M–$37M
  • Lead/follow: 66% lead, 34% follow

Portfolio highlights

  • GASTROFIX — Transform your operations with Lightspeed restaurant POS software. Manage inventory, payments, and orders seamlessly. Book a demo now.
  • TourRadar — TourRadar is the world's most trusted online marketplace for multi-day tours. Compare, read reviews, meet guides & travelers, book with confidence.
  • parcelLab Inc. — Increase customer lifetime value by personalizing every touchpoint from delivery to returns with our post-purchase experience software.
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Flyer One Ventures
VC Fund · London, England, United Kingdom · 1 investments in Finland B2B startups

Flyer One Ventures is an international early-stage venture capital firm focused on early-stage startups from CEE region. The fund invests in future-proof startups, founded by exceptional teams, and operating on global markets worth more than $10 billion. Flyer One Ventures funds startups in Mobile, Health Tech, EdTech, Fitness & Wellness, B2BSaaS, Gaming, FoodTech, and AI/ML industries and helps them scale on international markets. Founded by the co-founder of BetterMe and supported by Genesis Tech, Flyer One Ventures has deep expertise in Digital Marketing, Product, PR, Branding, and Recruiting. Along with the financial investment, Flyer One Ventures actively supports its portfolio companies, helping them optimize Digital Marketing campaigns, hire R&D staff, build user-friendly products, and fundraise Series A and Series B rounds. Flyer One Ventures' ultimate goal is to support early-stage startups in the geographies with low access to early financing and help them become global leaders by mentorship and daily support.

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, United Kingdom, Cyprus

Investor stats

  • Total investments: 80
  • Round size: Seed $550k–$7.4M; Pre-Seed $350k–$3M; Series A $1M–$15M
  • Lead/follow: 26% lead, 74% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Jome — On our platform, you can search for and tour thousands of new construction homes and communities near you. Our new home experts are ready to guide you through the entire home-buying process and will help you turn your dream home into a reality
  • Scalestack — Scalestack AI brings all of your GTM data together, suggests prioritized actions and helps your reps to execute your sales plays. Unlock a new level of sales productivity and generate more pipeline.
  • Greenscreens AI — Greenscreens.ai was created for Brokers and 3PLs that want to win more business more profitably!
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LIFTT
VC Fund · Turin, Piemonte, Italy · 1 investments in Finland B2B startups

A not-only-profit operating investment company, eager to create a bridge between innovative ideas, territory and capital.

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Investment focus

  • Industry: Software, Biotechnology, Manufacturing
  • Stage:Seed, Series A
  • Geography: Italy, United Kingdom, France

Investor stats

  • Total investments: 69
  • Round size: Seed $329k–$4.7M; Series A $2.7M–$21M
  • Lead/follow: 35% lead, 65% follow

Portfolio highlights

  • CareGlance — CareGlance is the provider of real-time monitoring systems based on SS-OCT technology. Fast, precise and developed for the industry!
  • Maieutical Labs — I Maieutical Labs sono un insieme di piattaforme ispirate al Mastery Learning, immersive e mobile-oriented, dedicate allo studio nella scuola secondaria
  • Wearable Robotics — Wearable Robotics produces and develops wearable robotic systems and exoskeletons for rehabilitation, assistance and human-power augmentation.
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Hamamatsu Photonics
VC Fund · Hamamatsu, Shizuoka, Japan · 1 investments in Finland B2B startups

The official website of Hamamatsu Corporation whose mission is to advance science and industry through photonic technologies. Our products include optical sensors and components, cameras, light & radiation sources, lasers, and customized solutions.

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Investment focus

  • Industry: Biotechnology, Health Care, Health Diagnostics
  • Stage:Seed, Series B, Corporate Round
  • Geography: Japan, Belgium, Finland

Investor stats

  • Total investments: 5
  • Round size: Seed $549k–$11M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Axithra — Axithra provides therapeutic medication monitoring and measures beta-lactam antibiotic concentrations in blood.
  • Nanotis — Nanotis is a company which Solve various problems in infectious disease tests such as influenza.
  • Armonica — Armonica Technologies derives its name from prolific innovator Benjamin Franklin’s favorite invention, The Glass Armonica. Armonica Technologies is an early stage medtech company focused on developing its proprietary long-read DNA sequencing technology for precision medicine applications. The Company’s technology is based upon a portfolio ofpatented and patent pending technologies licensed from STC.UNM.
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DAAL
VC Fund · Al Khobar, Ash Sharqiyah, Saudi Arabia · 1 investments in Finland B2B startups

The aim of Daal is to create excellent opportunities for investment by providing mentorship and business development insights to companies within the IT space.

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Investment focus

  • Industry: Software, E-Commerce, Information Technology
  • Stage:Seed, Series A, Convertible Note
  • Geography: Egypt, Tunisia, United Arab Emirates

Investor stats

  • Total investments: 19
  • Round size: Seed $100k–$3.3M
  • Lead/follow: 16% lead, 84% follow

Portfolio highlights

  • Pulppo — Pulppo is the first Tech Enabled broker for Latin America. We partner with the best brokers in the region and empower them with tools, technology and resources to create a simple and transparent buying process. Pulppo was founded by Agustin Iglesias, former GM of Inmuebles24 and founder of Tokko Broker (Acquired by Navent) and Matias Gath, formerGM of Glovo in Argentina and founder of Kadabra (acquired by Glovo).
  • Kamioun — Kamioun is a mobile platform that connects FMCG manufacturers to local retail shops by fast free delivery of inventory.
  • Paper.id — Atur tempo pembayaran bisnis serta kirim & terima pembayaran dengan kartu kredit, invoice juga langsung sah dengan e-Meterai. Coba Sekarang!
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Alfabeat
VC Fund · Gdansk, Pomorskie, Poland · 1 investments in Finland B2B startups

Welcome to Alfabeat, a specialist seed and early stage venture capital fundfocused on Enterprise SaaS companies from Central and Eastern Europe,backed by successful enterprise software founders.

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Investment focus

  • Industry: Software, Marketing, SaaS
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Poland, United Kingdom, United States

Investor stats

  • Total investments: 26
  • Round size: Seed $199k–$4M; Pre-Seed $300k–$1.2M; Series A $2.5M–$13M
  • Lead/follow: 38% lead, 62% follow

Portfolio highlights

  • SunRoof — Roof of the future
  • Monetization Solutions, Inc. — Monetizr™ is a turn-key solution enabling game developers and game IP holders to sell personalized game gear from inside the game’s UI and create meta-experiences for high-value players. Give players more than they expect!★ Platform to design, import, and control product inventory, launch, and manage campaigns in real-time. ★ A technologysolution that enables a to sell personalized game gear or give away physical rewards right from the game itself. ★ Support for multi-languages and multi-currencies with the most popular payment methods, including ApplePay, GooglePay, CreditCards, PayPal, Bitcoin. ★ Handling product procurement, fulfillment, legal compliance, and customer support for you. ★ Knowledge-base with the best campaign tactics recommendations to enhance the experience for your most high-value players.We've increased customer lifetime value (CLTV) by up to 25% and our conversion rates are as high as 10.6%. Today we're working with more than 30 game publishers, reaching 17 million monthly active users. Monetizr is focused on Mobile Games - the fastest growing (29% YoY) segment of the gaming industry with 41% of market share and $56.4 Billion dollars spent on digital currencies annually.Learn more at www.themonetizr.com
  • Fluency — Fluency is a blockchain-empowered CBDC proprietary platform revolutionizing the existing financial system. Their blockchain enterprise smart contract platform was developed for the purpose of building and interconnecting national multi CBDC networks. Fluency Aureum allows issuance, distribution, and exchange of multi-CBDCs between central banks,commercial banks, merchants, and consumers. The company's proprietary technology is specifically tailored with the idea of bringing technological and economical innovations of digital currencies to the existing financial system.It was incorporated in 2019, headquartered in London, UK with subsidiaries in Delaware, US, and Dublin, Ireland.
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Ventech
VC Fund · Paris, Ile-de-France, France · 1 investments in Finland B2B startups

On-the-ground expert investors in early-stage digital. Ready to meet you, wherever you are.

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Investment focus

  • Industry: Software, E-Commerce, Internet
  • Stage:Series A, Series B, Seed
  • Geography: France, Germany, United States

Investor stats

  • Total investments: 190
  • Round size: Seed $1.2M–$5.8M; Series A $3.8M–$18M; Series B $5.6M–$69M
  • Lead/follow: 34% lead, 66% follow
  • Last fund: Likely still investing — fund raised in 2024

Portfolio highlights

  • Crobox — Crobox's next generation guided selling solution humanizes your product data and discovery experience with product finders and product data enrichment.
  • Antidot — Antidot is a software vendor that leverages 20 years of advanced research in semantic search and content enrichment to develop its content delivery platform (CDP). The company’s products multiply the value of content by delivering dynamic information in a personalized and contextualized form. Antidot helps more than 150 customers around the worldimprove their operational efficiency.
  • Custom Surgical — Custom Surgical is democratizing hardware and software to record microscope procedures easily and quickly without any professional engineer to attach or cables to share live.
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Spring Capital
VC Fund · Tallinn, Harjumaa, Estonia · 1 investments in Finland B2B startups

Investments in exceptional teams in the Baltics & Nordics.Our two main focuses include: 1. Startups with a technological edge. Seed stage. Our check size is from €50K up to €200K. With a vast experience in startup building, we typically get hands-on with our advice and help the founders achieve operational excellence. 2. Innovators oftraditional sectors. SMEs with a proven track and strong market position. Clear plans to accelerate the growth. Our investment ticket can be from €300K to €700K to support these aspirations. If you think we have a match, reach out through invest@springcapital.ee.

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Investment focus

  • Industry: Software, SaaS, E-Commerce
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Estonia, Finland, United States

Investor stats

  • Total investments: 24
  • Round size: Seed $439k–$2.4M; Pre-Seed $500k–$580k; Series A $7M–$8.2M
  • Lead/follow: 21% lead, 79% follow
  • Last fund: May invest from a new fund soon — raised $3.9M in 2018

Portfolio highlights

  • Uniify — Uniify is a no-code customer onboarding software that makes it fast, easy and secure for financial companies to onboard their customers. Save your business time and money, and build onboarding flows for your customers in minutes instead of months.
  • Crisp — Crisp connects data between retailers, distributors, and brands to power real-time insights across the supply chain.
  • Salesforge — Salesforge is an all-in-one sales execution super app that gives every sales team the highest probability to hit their target by tackling email deliverability and the need to personalize cold email outreach at scale.We do that by enabling real-time AI & machine learning to decision critical sales activities, enhance messaging and eliminatethe need for various sales point solutions, therefore driving superior conversion rates.
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OpenOcean
VC Fund · Helsinki, Southern Finland, Finland · 1 investments in Finland B2B startups

OpenOcean is an early-stage venture capital firm investing in B2B software across Europe with offices in London & Helsinki.

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Investment focus

  • Industry: Software, Information Technology, SaaS
  • Stage:Series A, Series B, Seed
  • Geography: Finland, United States, United Kingdom

Investor stats

  • Total investments: 95
  • Round size: Seed $2.8M–$11M; Series A $2.3M–$22M; Series B $7.3M–$30M
  • Lead/follow: 42% lead, 58% follow
  • Last fund: Likely still investing — fund raised in 2021

Portfolio highlights

  • Bitrise — Continuous integration and delivery built for mobile: Automate iOS and Android builds, testing and deployment from your first install to the one millionth.
  • Hygraph — A GraphQL-native headless CMS that marketers and developers love. Structure content, scale with AI, and launch faster across every channel.
  • Outlyer — Outlyer is a self-service infrastructure monitoring platform made for DevOps and microservices. We monitor your full stack—from servers and cloud providers to databases, containers and custom metrics. We give you dashboards, analytics and alerts that are easy to set up and customize for both developer and operations teams.Outlyer is monitoring,done differently.
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Loyal VC
VC Fund · Toronto, Ontario, Canada · 1 investments in Finland B2B startups

Loyal runs a global venture fund with quarterly redemptions and a proprietary gate-stage process, reducing investment bias and unlocking greater returns. Partnered with INSEAD, Founder Institute, and 500+ advisors, we are Loyal to the world with 250+ investments in 50+ countries.

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Investment focus

  • Industry: Artificial Intelligence, Software, E-Commerce
  • Stage:Pre-Seed, Seed
  • Geography: United States, Canada, United Kingdom

Investor stats

  • Total investments: 146
  • Round size: Seed $78k–$3.1M; Pre-Seed $110k–$1M
  • Lead/follow: 12% lead, 88% follow
  • Last fund: May invest from a new fund soon — last raise in 2018

Portfolio highlights

  • Peerby Classic — Borrow and rent goods from others nearby - affordable, convenient and green. Tools, bikes, party equipment, electronics and more. Try it now.
  • Zobi — Zobi’s not just Artificial Intelligence, it’s Home Intelligence. Our smart, brand-agnostic solutions take a holistic view of homes - people, devices, networks, habits. They build an anonymous profile for each home, then use that intel to spot unusual behaviour and stop cybercriminals.
  • Finverity — Finverity provides technology, working capital and expertise to give banks, NBFIs, financiers and companies a strategic advantage in supply chain finance
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Reaktor Ventures
VC Fund · Helsinki, Southern Finland, Finland · 1 investments in Finland B2B startups

Reaktor Ventures has moved to the next phase by focusing its efforts to actively supporting current portfolio companies. This means that the fund has ended its investment period and is not investing into new companies. Between 2013 and 2018 we have invested into 42 different companies and one early stage fund. We will naturally keep makingfollow-up investments to current portfolio companies.

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Investment focus

  • Industry: Internet, Software, E-Commerce
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Finland, Germany, United States

Investor stats

  • Total investments: 54
  • Round size: Seed $137k–$2M; Pre-Seed $159k–$1.8M; Series A $1.7M–$6.6M
  • Lead/follow: 13% lead, 87% follow

Portfolio highlights

  • Valpas — Valpas is the hygiene protocol that reassures your future guests and keeps your hotel clean from the most uncontrollable: bed bugs
  • Swappie — Buy refurbished iPhones at an affordable price - Swappie offers refurbished and cheap iPhones with a free 12-month Swappie warranty.
  • Videoly — The easiest way for online retailers to get hand-picked and automatically embedded product videos.
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B2B VC funding in Finland at a glance

Stats across 53 deals from 51 investors.

51
investors
in Finland B2B startups
53
deals
in Finland B2B startups
$641k
median round
in Finland B2B startups
47%
lead investors
lead at least one round
40%
Seed
most common funding stage

Access all 51 VC funds in Finland B2B startups.

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