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Top 50 Biotechnology Startup Investors in Finland (June 2026)

The most active venture capital funds and angel investors investing in Finland Biotechnology startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Finland Biotechnology startup companies. Find investors to raise a Seed, Series A or Series B round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Business Finland
VC Fund
10 Finland, United States, United Kingdom Seed, Grant, Debt Financing Software, SaaS, Biotechnology $48k–$11M
Tesi
VC Fund
9 Finland, United States, Switzerland Series A, Series B Software, Manufacturing, Health Care $2.2M–$41M
Voima Ventures
VC Fund
9 Finland, Sweden, Norway Seed, Pre-Seed, Series A Biotechnology, Health Care, Artificial Intelligence $439k–$18M
Lifeline Ventures
VC Fund
9 Finland, United States, United Kingdom Seed, Series A Software, Health Care, E-Commerce $547k–$20M
Finnvera Venture Capital
VC Fund
8 Finland, United States, Switzerland Seed, Series A Software, Health Care, Information Technology $250k–$22M
Butterfly Ventures
VC Fund
5 Finland, Sweden, Norway Seed, Pre-Seed Health Care, Software, Information Technology $110k–$4.4M
Springvest
VC Fund
5 Finland Series A, Seed Biotechnology, Health Care, Energy $3.6M–$53M
Icebreaker.vc
VC Fund
4 Finland, Estonia, Sweden Pre-Seed, Seed, Series A Software, Information Technology, Artificial Intelligence $106k–$25M
Nordic Foodtech VC
VC Fund
3 Finland, Sweden, Denmark Seed, Series A Biotechnology, Life Science, Water $549k–$18M
Stephen Industries
VC Fund
3 Finland, Sweden Seed, Pre-Seed, Series A Health Care, Biotechnology, Apps $330k–$45M
Innovestor
VC Fund
3 Finland, Denmark, Sweden Seed, Pre-Seed Software, Health Care, Information Technology $163k–$4.1M
European Investment Bank
VC Fund
2 Germany, France, The Netherlands Debt Financing, Post-IPO Debt Biotechnology, Health Care, Energy
VTT Ventures
VC Fund
2 Finland Seed, Series A Biotechnology, Manufacturing, Sensor $460k–$13M
EQT Life Sciences
VC Fund
2 United States, The Netherlands, Switzerland Series A, Series B, Series C Biotechnology, Health Care, Therapeutics $6.9M–$140M
HealthCap
VC Fund
2 United States, Sweden, France Series B, Series A Biotechnology, Health Care, Medical $5.7M–$88M
Leena Niemistö
Angel
2 Finland, United States Seed, Pre-Seed Health Care, Software, E-Commerce $480k–$3.2M
Sofinnova Partners
VC Fund
2 France, United States, United Kingdom Series A, Series B, Series C Biotechnology, Health Care, Medical $6M–$102M
Nordic Science Investments
VC Fund
2 Finland, Sweden Seed, Pre-Seed, Series A Biotechnology, Medical, Health Diagnostics $380k–$4.6M
Inventure
VC Fund
2 Finland, Sweden, United States Seed, Series A, Series B Software, Information Technology, Health Care $549k–$23M
Fazer
VC Fund
2 Finland Series A, Series B Biotechnology, Food Processing
Sauli Törmälä
Angel
2 Finland Seed Life Science, Biotechnology $584k–$1.3M
Sitra
VC Fund
2 Finland, The Netherlands Series A, Series C Health Care, Biotechnology, Therapeutics
Pontos Group
VC Fund
2 Finland Genetics, Hospital, Automotive
Finnish Climate Fund
VC Fund
2 Finland Debt Financing, Series A Energy, Renewable Energy, Manufacturing $2.6M–$14M
Marten Mickos
Angel
1 Finland, United States, Sweden Seed, Series A, Convertible Note Software, Enterprise Software, Internet $550k–$4.5M
Jukka Tapaninen
Angel
1 Finland Seed Medical, Software, Education
K5 Global
VC Fund
1 United States, United Kingdom, Brazil Seed, Series A, Pre-Seed Software, Information Technology, Artificial Intelligence $50k–$50M
HTGF (High-Tech Gruenderfonds)
VC Fund
1 Germany, Switzerland, United States Seed, Series A Software, Biotechnology, Information Technology
Kiilto Ventures
VC Fund
1 Finland, Portugal Seed Construction, CRM, Hospital
KPMG
VC Fund
1 United States, Australia, United Kingdom Series A, Series B Software, Information Technology, Enterprise Software
Unifund
VC Fund
1 Finland Software, Collaboration, Management Consulting
Haakon Overli
Angel
1 United States, United Kingdom, Finland Series A, Series B, Series C SaaS, Software, Analytics $3M–$62M
Eqvitec
VC Fund
1 Finland, Sweden, United Kingdom Series A, Seed Software, Information Technology, Enterprise Software
Creathor Ventures
VC Fund
1 Germany, Switzerland, United States Series A, Series B Software, Health Care, Biotechnology
Green Campus Innovations Oy
VC Fund
1 Finland, Norway Seed, Pre-Seed Electric Vehicle, Manufacturing, Energy
Ananda Impact Ventures
VC Fund
1 Germany, United Kingdom, Finland Seed, Series A Health Care, Software, Information Technology
Aqua Spark
VC Fund
1 United States, Norway, Israel Series A, Seed Biotechnology, Aquaculture, Seafood
Stockholm Techstars Accelerator
VC Fund
1 Israel, Norway, Sweden Pre-Seed Pet, FinTech, Finance
H&M Group Ventures
VC Fund
1 Sweden, United States, United Kingdom Series A, Series B E-Commerce, Fashion, Textiles
Illusian Founder Office
VC Fund
1 Finland, United States, Germany Seed, Series A, Series B Software, Artificial Intelligence, Information Technology
Conor Venture Partners
VC Fund
1 Finland, United States, Sweden Series A, Series B, Seed Software, Analytics, Semiconductor
Visionplus
VC Fund
1 Finland, United States, United Kingdom Seed, Series A Software, Information Technology, Internet
Kristian Ranta
Angel
1 Finland, United States Seed, Pre-Seed Health Care, Apps, Internet
The Forum Corporation
VC Fund
1 Finland Series A Biotechnology
Takoa Invest
VC Fund
1 Finland, Israel Seed, Series B, Series C Biotechnology, Mobile, Retail
Bridford Investments
VC Fund
1 Finland Series A Biotechnology, Food Processing
Ascend Capital Partners
VC Fund
1 Finland, Israel, Austria Series A, Seed Health Care, Medical Device, Software $1.5M–$12M
Tiger Global Management
VC Fund
1 United States, India, China Series B, Series A, Series C Software, FinTech, Financial Services $8M–$298M
Thames Trust
VC Fund
1 United Kingdom, Finland Seed, Series A, Series B SaaS, FinTech, Finance
David Helgason
Angel
1 United States, Denmark, Finland Seed, Series A Software, Gaming, Information Technology $1.1M–$30M
Access all 125 investors in Finland Biotechnology startups.

Access 48,091 investors

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

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Investor list

Business Finland
VC Fund · Helsinki, Southern Finland, Finland · 10 investments in Finland Biotechnology 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, SaaS, Biotechnology
  • Stage:Seed, Grant, Debt Financing
  • Geography: Finland, United States, United Kingdom

Investor stats

  • Total investments: 181
  • Round size: Seed $127k–$4.2M; Grant $48k–$11M; Debt Financing $212k–$4.9M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: May invest from a new fund soon — last raise in 2017

Portfolio highlights

  • SSAB
  • Valio — We are Valio Group: the most innovative dairy and food company in the world.
  • Jaakko.com — Reinventing the housing market with no agents, more homes, and less fees.
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Tesi
VC Fund · Helsinki, Southern Finland, Finland · 9 investments in Finland Biotechnology startups

Finnish Industry Investment Ltd is a government-owned investment company. It invests the proceeds accrued from the privatisation of state-owned companies in stimulating the growth and internationalisation of Finnish businesses.Finnish Industry Investment invests in venture capital funds and directly in growth companies, together with privateco-investors. The targets are in all sectors. Capital investments are needed for financing the growth of investee companies, and for spin-offs, major industrial investments, and sector and corporate restructurings.The investments of Finnish Industry Investment amount to over MEUR 570

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Investment focus

  • Industry: Software, Manufacturing, Health Care
  • Stage:Series A, Series B
  • Geography: Finland, United States, Switzerland

Investor stats

  • Total investments: 142
  • Round size: Series A $2.2M–$41M; Series B $3.1M–$35M
  • Lead/follow: 16% lead, 84% follow

Portfolio highlights

  • ICEYE — Gain access to timely and reliable SAR imaging from the world's leading New Space SAR satellite constellation.
  • Wirepas — Wirepas offers a standards-based, ultra-reliable mesh connectivity for infrastructure-grade IoT. Proven in millions of devices worldwide.
  • MaaS Global — Whim combines all the transportation you need: Public transport, shared cars, bikes, e-scooters, taxis, and more! One app to plan, book, and pay.
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Voima Ventures
VC Fund · Helsinki, Southern Finland, Finland · 9 investments in Finland Biotechnology startups

Voima Ventures’ mission is to solve major global problems by combining science, entrepreneurship, and value adding capital. They shed light on the ideas and technology which require time and courage to build. Industry domains include bio and new materials, medical technologies and life sciences, imaging and optics, IoT and electronics, robotics,software & ICT and AI. In addition, Voima Ventures has invested in more than 30 deep tech startups, including companies like Solar Foods, Infinited Fiber Company, and Dispelix. Cornerstone investors are VTT Technical Research Centre of Finland and European Investment Fund (EIF), backed by Finnish private and institutional investors.

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Investment focus

  • Industry: Biotechnology, Health Care, Artificial Intelligence
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Finland, Sweden, Norway

Investor stats

  • Total investments: 59
  • Round size: Seed $1M–$5.5M; Pre-Seed $439k–$2.1M; Series A $3.8M–$18M
  • Lead/follow: 64% lead, 36% follow

Portfolio highlights

  • MVision AI — AI-powered solutions that automate repetitive tasks, enable efficient radiotherapy workflows, and promote consistency across clinical processes.
  • Quantrol Ox — Building Machine Learning Based Software for Quantum Control with a goal to maximise quantum computer uptime.
  • Adamant Health — Adamant Health’s unique technology to analyse Parkinson’s disease symptoms is based on over 15 years of academic research at the University of Eastern Finland. With the technology, clinicians have several days detailed visibility to the patient’s symptoms and is able to optimise the treatment accordingly. Pharma companies benefit from the objectiveand long-term RW data in their clinical and post market studies and can utilise it as complementary diagnostics tool for personalised medication.
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Lifeline Ventures
VC Fund · Helsinki, Southern Finland, Finland · 9 investments in Finland Biotechnology startups

Lifeline Ventures Oy is a venture capital firm specializing in startups, growth capital, and early stage investments. The firm seeks to invest in healthcare, games, web based and general high technology sectors. It seeks to invest in Finland with a few investments made outside Finland as well. The firm targets investing between €0.5 million ($0.66million) and €1 million ($1.32 million). It seeks make inception to Series A investments. Lifeline Ventures Oy was founded in November 2009 and is based in Helsinki, Finland.

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Investment focus

  • Industry: Software, Health Care, E-Commerce
  • Stage:Seed, Series A
  • Geography: Finland, United States, United Kingdom

Investor stats

  • Total investments: 178
  • Round size: Seed $547k–$5.4M; Series A $2.7M–$20M
  • Lead/follow: 38% lead, 62% follow
  • Last fund: Likely still investing — raised $171M in 2023

Portfolio highlights

  • ICEYE — Gain access to timely and reliable SAR imaging from the world's leading New Space SAR satellite constellation.
  • Carbo Culture — We are a project developer with proprietary climate technology. We are building a rapidly scalable biochar carbon removal solution.
  • Everywear Games — Metacore is a wearable game studio. The company was founded in 2014 by industry veterans from Remedy, Digital Chocolate and Rovio and it is the pioneer of smartwatch gaming. It’s award-winning Apple Watch launch title, Runeblade, has received worldwide recognition from press, fans and industry heavyweights and it’s games are consistently on top ofglobal charts.
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Finnvera Venture Capital
VC Fund · Kuopio, Eastern Finland, Finland · 8 investments in Finland Biotechnology 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, Switzerland

Investor stats

  • Total investments: 92
  • 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.
  • Nexstim — Nexstim is a medical device company that specializes in image-guided transcranial magnetic stimulation. The company is committed to improving the quality of life of patients with significant unmet clinical needs. It has developed a SmartFocus TMS technology designed for the treatment of the major depressive disorder.The company was founded in2000 and is headquartered in Helsinki, Southern Finland.
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Butterfly Ventures
VC Fund · Oulu, Oulu, Finland · 5 investments in Finland Biotechnology startups

Butterfly Ventures is a seed-stage focused VC in the Nordics, investing in deep tech, hardware, and hardware interfacing software. The company prefers to get involved with companies early on; 80% of Butterfly Ventures portfolio companies don't have any revenue at the time of their entry. Butterfly Ventures was founded in 2012 and ever sincethen it has been one of the most active early stage VCs in the region. The company has offices in Oulu, Helsinki and Stockholm.

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Investment focus

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

Investor stats

  • Total investments: 86
  • Round size: Seed $219k–$2.1M; Pre-Seed $110k–$4.4M
  • Lead/follow: 42% lead, 58% follow

Portfolio highlights

  • 10Lines — Explore cutting-edge pavement marking robots for faster, autonomous striping and significant CO2 reduction. Contact us now!
  • CooliBlade — Superior power electronics cooling solutions for applications like solar and wind energy, energy storage, EV charging and telecommunications.
  • Popit — Popit makes medication connected with a unique, medical grade solution. It tracks medication use automatically and reminds ONLY if you miss. Developed together with healthcare professionals.
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Springvest
VC Fund · Helsinki, Southern Finland, Finland · 5 investments in Finland Biotechnology startups

The Citizenship Fund started out when the founders of the company discovered in their previous positions that a promising Finnish growth company will spend a great deal of time and energy in arranging financing. A good business idea and a team with excellent team could take months in financial negotiations and the outcome could be a return to thestart-up. At the same time, investors often wanted new types of higher potential investments alongside traditional alternatives.These two challenges were possible by removing the promising growth companies as investors, even for non-traditional venture capital investors. Citizenship wanted to create a service in which the company would be able to capitalize on business quickly and flexibly, but the decision-making business would be left to the company itself. From today's point of view, Springvest's goal is that an increasing number of Finnish investors can get involved in the story of Finnish growth companies and potential success.

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Investment focus

  • Industry: Biotechnology, Health Care, Energy
  • Stage:Series A, Seed
  • Geography: Finland

Investor stats

  • Total investments: 20
  • Round size: Series A $3.6M–$53M
  • Lead/follow: 80% lead, 20% follow

Portfolio highlights

  • 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!
  • Volare — Refining food industry side streams into sustainable protein, oil and fertilizers.
  • Solar Foods — The Finnish company Solar Foods Oy produces an entirely new kind of nutrient-rich protein using only air and electricity as the main resources. The goal of the company is to start commercial production of the environmentally revolutionary protein in 2020.Solar Foods’ concept redefines the basics of food production, as it is not dependent onagriculture, the weather, or the climate. The price of the protein product is also competitive compared to sources such as soy protein.
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Icebreaker.vc
VC Fund · Helsinki, Southern Finland, Finland · 4 investments in Finland Biotechnology 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: 121
  • Round size: Seed $384k–$5.2M; Pre-Seed $106k–$1.3M; Series A $3.1M–$25M
  • Lead/follow: 55% lead, 45% 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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Nordic Foodtech VC
VC Fund · Helsinki, Southern Finland, Finland · 3 investments in Finland Biotechnology startups

We are investing in #FutureFood. Nordic FoodTech VC is the first fund in the Nordics investing explicitly in the future of food

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Investment focus

  • Industry: Biotechnology, Life Science, Water
  • Stage:Seed, Series A
  • Geography: Finland, Sweden, Denmark

Investor stats

  • Total investments: 26
  • Round size: Seed $549k–$5.5M; Series A $7.4M–$18M
  • Lead/follow: 54% lead, 46% follow
  • Last fund: Likely still investing — raised $49M in 2021

Portfolio highlights

  • EvodiaBio — Mirroring nature with pioneering bioscience for natural flavors
  • Endless Food — Endless Food Co is a food innovation firm focusing on the junction of pleasure and sustainability. Endless Food Co was pulled together by a common idea that the transition to a greener and more egalitarian future food system will be driven by flavor, and having spent the last decade pioneering sustainable gastronomy
  • Happy Plant Protein — Revolutionize plant protein production with Happy Plant Protein's innovative technology, transforming local ingredients into high-quality, sustainable solutions for the food industry.
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Stephen Industries
VC Fund · Espoo, Southern Finland, Finland · 3 investments in Finland Biotechnology startups

We fund futurebreakthroughs

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Investment focus

  • Industry: Health Care, Biotechnology, Apps
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Finland, Sweden

Investor stats

  • Total investments: 13
  • Round size: Seed $1.4M–$8.3M; Pre-Seed $330k–$4.4M; Series A $8.4M–$45M
  • Lead/follow: 15% lead, 85% follow

Portfolio highlights

  • StemSight — StemSight is a Finnish high-tech startup developing cell therapies for corneal blindness using human pluripotent stem cells.
  • HYPERMINE — Hypermine a novel laser-based mineralogy sensing technology to optimize resource recovery and reduce the negative environmental effects of mining.
  • TILT Biotherapeutics — TILT Biotherapeutics is the leading company globally working in the area of enabling tumor T-cell therapy with oncolytic viruses. TILT is a preclinical stage company working in the field of cancer immunotherapy and will soon translate its unique approach into clinical trials. The company’s patented technology involves utilization of oncolyticviruses for enhancement of tumor T-cell therapy. Initial embodiments of the technology will be used to enhance tumor infiltrating lymphocyte (TIL), chimeric antigen receptor (CAR-T) and checkpoint inhibiting antibody therapy. The TILT approach has the potential to achieve similar results in CAR-T therapy of solid tumors as currently achieved for CD19+ hematological tumors.
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Access 48,091 investors

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

Browse database — It's Free!
Innovestor
VC Fund · Helsinki, Southern Finland, Finland · 3 investments in Finland Biotechnology 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: 74
  • 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

  • Bahn Express — Bahn Express is a global car transportation company that supports independent contractors while offering quick and easy auto shipping throughout Europe.
  • 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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European Investment Bank
VC Fund · Luxembourg, Luxembourg, Luxembourg · 2 investments in Finland Biotechnology startups, 25 in the past 12 months

The European Investment Bank (EIB) offers lending, borrowing, and treasury services primarily within the European Union. It provides project loans for public and private sectors, loans to banks and intermediaries, structured finance products, guarantees, and securitization instruments for debts. Additionally, EIB offers equity and fund investmentproducts, including infrastructure and environmental funds, as well as venture capital funds. EIB also supports microfinance and risk-sharing finance for research and innovation and provides technical expertise for sustainable energy projects. Its services include infrastructure advisory, urban development support, guarantees for transport infrastructure, and funding for public-private partnerships and small- to medium-sized enterprises. The bank serves various sectors, including transportation, energy, health, education, and agriculture.

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Investment focus

  • Industry: Biotechnology, Health Care, Energy
  • Stage:Debt Financing, Post-IPO Debt
  • Geography: Germany, France, The Netherlands

Investor stats

  • Total investments: 247
  • Lead/follow: no public data

Portfolio highlights

  • Amadix — Amadix develops and commercializes breakthrough discoveries in cancer diagnosis with a clear commercial rationale, addressing unmet medical needs in oncology. After analytical validation and demonstration of clinical validity and utility through international multicentre studies, the products will be commercialized worldwide.The most advancedproduct developed by Amadix is Colofast, an innovative non-invasive screening signature for colorectal cancer (CRC) and advanced adenoma diagnosis in blood designed to solve a significant health priority: the high mortality rate due to colon cancer worldwide (around half of the diagnosed patients).Amadix team consist of industry veterans with robust expertise in the Oncology Diagnostic area. They are a top level management team with international experience in cancer diagnostics, the pharmaceutical industry, the biotechnology sector and intellectual property. Amadix also has independent board members with international profiles and many years of experience in oncology and diagnostics, who advise the management team on strategy, commercialization and business development in Europe and the US.
  • Greenlight Biosciences — Next Generation Crop Protection
  • Azienda Comprensoriale Acquedottistica — ACA Spa is an integrated water service company.
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VTT Ventures
VC Fund · Espoo, Southern Finland, Finland · 2 investments in Finland Biotechnology startups

VTT is a powerhouse of technology development and scientific research. Many of the most significant Finnish technology start-ups were brought to life at VTT. Do you want to invest in ongoing ventures?

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Investment focus

  • Industry: Biotechnology, Manufacturing, Sensor
  • Stage:Seed, Series A
  • Geography: Finland

Investor stats

  • Total investments: 24
  • Round size: Seed $460k–$6M; Series A $1.7M–$13M
  • Lead/follow: 13% lead, 87% follow

Portfolio highlights

  • Dispelix — See-through, full color waveguide combiners for a wide range of XR applications. From near-eye to head-up.
  • Solar Foods — The Finnish company Solar Foods Oy produces an entirely new kind of nutrient-rich protein using only air and electricity as the main resources. The goal of the company is to start commercial production of the environmentally revolutionary protein in 2020.Solar Foods’ concept redefines the basics of food production, as it is not dependent onagriculture, the weather, or the climate. The price of the protein product is also competitive compared to sources such as soy protein.
  • Infinited Fiber Company — Infinited Fiber Company is a Finnish biotech founded in 2016 to commercialize a breakthrough recycling technology that can turn cellulose-rich raw materials – like cotton-rich textile waste, used cardboard, or wheat or rice straw – into high-quality textile fibers with the look and feel of cotton. The patented technology has been validated byleading brands and is ready to be scaled. Infinited Fiber Company won the Europas 2020 Hottest Sustainability Tech Award, and was listed on the Global 50 to Watch by Cleantech Group in 2019. In 2016 Infinited Fiber Company was selected into WWF’s Climate Solver network. The company is headquartered in Espoo, Finland.
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EQT Life Sciences
VC Fund · Amsterdam, Noord-Holland, The Netherlands · 2 investments in Finland Biotechnology startups

Providing capital plus strategic, clinical, operational, financial, and commercial support to deliver the added value inventors seek.

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Investment focus

  • Industry: Biotechnology, Health Care, Therapeutics
  • Stage:Series A, Series B, Series C
  • Geography: United States, The Netherlands, Switzerland

Investor stats

  • Total investments: 168
  • Round size: Series A $6.9M–$77M; Series B $8.6M–$103M; Series C $12M–$140M
  • Lead/follow: 41% lead, 59% follow
  • Last fund: Likely still investing — raised $266M in 2023

Portfolio highlights

  • Neuravi — Neuravi is an early stage company in the large emerging neurointerventional device market. Led by a team experienced in endovascular device development and global commercialization, the company's initial technology platform addresses acute ischemic stroke. In collaboration with international researchers and clinicians, the company seeks todevelop new understanding that will drive innovative solutions to treat this challenging and devastating disease. Neuravi was founded in 2009 and is headquartered in Galway, Ireland, home to many of the world’s leading medical device companies.
  • Asceneuron — Asceneuron develops effective therapeutics for orphan tauopathies and Alzheimer’s disease. By focusing on areas of high unmet medical need, Asceneuron aspires to become a leading biotech company specialized in small molecule drug discovery for neurodegenerative diseases.Tauopathies are currently untreatable neurodegenerative diseases thatrapidly progress towards debilitating conditions. The appearance of deposits of the microtubule-associated tau protein as e.g. neurofibrillary tangles in neurons of the brain is a common feature of tauopathies that is shared with Alzheimer’s disease. Neuronal tau deposits are known to be a major contributor to neurodegeneration and mutations in the tau gene are causative of the tauopathy fronto-temporal dementia and parkinsonism linked to chromosome 17 (FTDP-17).Due to increasing life expectancy, Alzheimer’s disease is viewed as one of the largest healthcare problems of this century, imposing a major economic burden on societies in the Western and developing world. Current treatment options provide limited benefits supporting the urgent need for more efficacious and better tolerated medicines that address symptomatic relief as well as disease progression.
  • Mosanna Therapeutics — Mosanna is a Biotech company based in Basel with a commitment to improving patient outcomes and quality of life in high unmet need diseases, applying a precision medicine approach.
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HealthCap
VC Fund · Stockholm, Stockholms Lan, Sweden · 2 investments in Finland Biotechnology startups

HealthCap, a life science investor and company creator. Our motivation is to find innovative ideas and invest that could impact healthcare and society.

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Investment focus

  • Industry: Biotechnology, Health Care, Medical
  • Stage:Series B, Series A
  • Geography: United States, Sweden, France

Investor stats

  • Total investments: 121
  • Round size: Series A $5.7M–$55M; Series B $14M–$88M
  • Lead/follow: 24% lead, 76% follow
  • Last fund: May invest from a new fund soon — raised $209M in 2019

Portfolio highlights

  • ADCendo — ADCendo ApS is a biotech company dedicated to developing new types of anti-cancer drugs. We focus on antibody-drug conjugates (ADCs) directed at novel targets, that have been found to be overexpressed by several cancer forms, that are all characterized by a significant unmet need for novel treatment.
  • HelloBetter — HelloBetter (hellobetter.de) was founded in 2015 under the name GET.ON Institut für Online Gesundheitstrainings GmbH (geton-institut.de) by internationally renowned research psychologists, and in close partnership with one of the largest public health care insurance companies in Germany (BARMER). HelloBetter is a pioneer in the field of e-mentalhealth and a leading provider of online mental health courses. Its work has a strong scientific basis – the courses were developed, evaluated, and implemented in a practice setting, and their effectiveness has been proven in 33 randomized controlled trials according to the highest standards of scientific practice. HelloBetter offers the widest range of evidence-based online mental health courses worldwide, with 11 digital courses covering 8 problem areas (stress, depression, insomnia, depression in the case of chronic illness, chronic pain, alcohol consumption, excessive worry, and panic and anxiety).In October 2021, the digital therapeutic 'HelloBetter Stress and Burnout' has been permanently approved by the German Federal Institute for Drugs and Medical Devices (BfArM) as a Digital Health Application (DiGA) and thus is available by prescription free of charge for more than 50 million adults. It is the world’s first and so far only prescription digital therapeutic for the treatment of burnout symptoms.Through diverse cooperations with national and international research groups (including FAU Erlangen, University of Ulm, VU Amsterdam, and Harvard University) HelloBetter finds practical applications for the latest research innovations. Our products and our team have been awarded numerous national and international prizes. These include the Novartis & Sandoz/Hexal Digital Health Prize 2018, the Comenius Award of the European Federation of Psychologists’ Association, and the Good Practice in Mental Health & Wellbeing seal of approval as part of the EU Compass 2018, which recognises high-quality mental health initiatives in Europe in order to guide health care providers to effective and proven services.
  • Tribune Therapeutics — Tribune Therapeutics is a preclinical biopharmaceutical company building a promising pipeline of novel medicines to treat patients with a wide range of fibrotic diseases. It was founded in 2020 with funding from HealthCap and Novo Seeds.
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Leena Niemistö
Angel · Helsinki, Southern Finland, Finland · 2 investments in Finland Biotechnology startups

Leena Niemistö

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Investment focus

  • Industry: Health Care, Software, E-Commerce
  • Stage:Seed, Pre-Seed
  • Geography: Finland, United States

Investor stats

  • Total investments: 18
  • Round size: Seed $480k–$3.2M
  • Lead/follow: 17% lead, 83% follow

Portfolio highlights

  • ADESANTE — SurgeryVision is a Virtual Reality solution for Surgeons. Product is intended to be used for planning surgical procedures.
  • Maire — Maire - AI co-pilot for industry leading B2C E-commerce brands. From Industry Trends to Market Research and Search Intent Analysis
  • Finnadvance — Finnadvance is an Organ-On-Chip company developing high throughput biological barriers on chips to mimic human biology such as vascular, lung and the Blood-Brain-Barriers for small molecule, micro-nano-formulation permeability and toxicity testing with in-vivo like dynamic cell cultures.
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Sofinnova Partners
VC Fund · Paris, Ile-de-France, France · 2 investments in Finland Biotechnology startups

Sofinnova Partners is a leading European venture capital firm in life sciences, specializing in healthcare and sustainability. Based in Paris, London and Milan, the firm brings together a team of professionals from all over the world with strong scientific, medical and business expertise.

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Investment focus

  • Industry: Biotechnology, Health Care, Medical
  • Stage:Series A, Series B, Series C
  • Geography: France, United States, United Kingdom

Investor stats

  • Total investments: 298
  • Round size: Series A $6M–$65M; Series B $10M–$102M; Series C $11M–$100M
  • Lead/follow: 46% lead, 54% follow
  • Last fund: Likely still investing — raised $200M in 2023

Portfolio highlights

  • protera — Protera is advancing the science of protein engineering to address some of the most critical problems and opportunities in food, agriculture, the environment and human health. We streamline protein design and development with MADI, our proprietary deep learning algorithm, to predict high value protein products and enzymes with unprecedented speed.Our in-house lab generates small quantities of the new predicted structures to validate their desired performance. Upon lab validation, we collaborate with our clients on next steps to move from pilot to industrial scale production.
  • Bioptimus — Our mission is to build the first universal AI foundation model for biology to fuel breakthrough discoveries and accelerate innovations in biomedicine and beyond.
  • T-Therapeutics — T-Therapeutics is a expertise in mouse genome engineering, deep expertise in biopharmaceutical drug development, single cell genomics, machine-learning and structural biology, anchored in a culture of creativity and collaboration. .
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Nordic Science Investments
VC Fund · 2 investments in Finland Biotechnology startups

We partner with founders to transform unseen scientific discoveries into future breakthroughs, jointly moving businesses, people, and the world forward.

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Investment focus

  • Industry: Biotechnology, Medical, Health Diagnostics
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Finland, Sweden

Investor stats

  • Total investments: 10
  • Round size: Seed $1.1M–$4.6M; Pre-Seed $380k–$837k
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • AIATELLA — Automating medical image analysis
  • CubaseBio — Cubase Bio is a biotechnology business that focuses on spatial biology tools. It creates solutions for 3D spatial analysis to speed up drug discovery.
  • SampleFacts — Next generation Dried Blood Spot sampling – separating cells and plasma at the point of collection.
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Inventure
VC Fund · Helsinki, Southern Finland, Finland · 2 investments in Finland Biotechnology 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: 164
  • 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

  • Omocom — Omocom offers safe, simple and secure insurance for all kind of renting, sharing and re-using, digitally, automated and integrated into the sales flow of the platform
  • Moncyte Health — Unique technology and novel data for personalized and optimal treatment of high cholesterol
  • Blueprint Genetics — We offer complete genetic testing and genetic diagnostics to medical professionals worldwide. Learn more about our winning clinical-grade NGS offering!
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Fazer
VC Fund · Vantaa, Southern Finland, Finland · 2 investments in Finland Biotechnology startups

Fazer Group mission is to create taste sensations. Customer orientation, quality and operations are based.

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Investment focus

  • Industry: Biotechnology, Food Processing
  • Stage:Series A, Series B
  • Geography: Finland

Investor stats

  • Total investments: 3
  • Lead/follow: 67% lead, 33% follow

Portfolio highlights

  • Solar Foods — The Finnish company Solar Foods Oy produces an entirely new kind of nutrient-rich protein using only air and electricity as the main resources. The goal of the company is to start commercial production of the environmentally revolutionary protein in 2020.Solar Foods’ concept redefines the basics of food production, as it is not dependent onagriculture, the weather, or the climate. The price of the protein product is also competitive compared to sources such as soy protein.
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Sauli Törmälä
Angel · Helsinki, Southern Finland, Finland · 2 investments in Finland Biotechnology startups

Sauli Törmälä is the Board Member, CFO at Promilless Oy. He attended University of Oulu.

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Investment focus

  • Industry: Life Science, Biotechnology
  • Stage:Seed
  • Geography: Finland

Investor stats

  • Total investments: 2
  • Round size: Seed $584k–$1.3M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Finnadvance — Finnadvance is an Organ-On-Chip company developing high throughput biological barriers on chips to mimic human biology such as vascular, lung and the Blood-Brain-Barriers for small molecule, micro-nano-formulation permeability and toxicity testing with in-vivo like dynamic cell cultures.
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Sitra
VC Fund · Helsinki, Southern Finland, Finland · 2 investments in Finland Biotechnology startups

Sitra is the venture capital investment arm of Sitra specializing in investments in seed, start-ups, early stage opportunities, and other funds. The firm invests through its three programmes namely, Health Care Programme, the Food and Nutrition Programme, and the Environmental Programme. Within the Health Care Programme, investments are focused oncompanies engaged in paper-free health care, seamless services, decentralised specialised health care, and support services. Within the Food and Nutrition Programme, investments are made in enterprises engaged in the food and nutrition sector, including value-adding upgrading of raw materials and new applications and service concepts in food and nutrition technology.

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Investment focus

  • Industry: Health Care, Biotechnology, Therapeutics
  • Stage:Series A, Series C
  • Geography: Finland, The Netherlands

Investor stats

  • Total investments: 7
  • Lead/follow: 14% lead, 86% follow

Portfolio highlights

  • Naava — Naava helps you to make safer and healthier indoor spaces - experience Naava green wall, a striking combination of nature and high-end technology.
  • NaturVention — Naava helps you to make safer and healthier indoor spaces - experience Naava green wall, a striking combination of nature and high-end technology.
  • SET Ventures — SET propels founders from early growth to European scale. We invest in and grow the solutions powering the digital energy economy.
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Pontos Group
VC Fund · Helsinki, Southern Finland, Finland · 2 investments in Finland Biotechnology startups

Pontos is a family owned Finnish private equity and real estate investment company operating in Finland, the Baltic States, and Portugal.

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Investment focus

  • Industry: Genetics, Hospital, Automotive
  • Geography: Finland

Investor stats

  • Total investments: 4
  • Lead/follow: no public data

Portfolio highlights

  • R8tech — R8 Jenny is AI HVAC technology for commercial real estate. It helps you achieve ESG goals while saving up to 30% in energy costs!
  • Valmet Automotive — Valmet Automotive, a Uusikaupunki, Finland-based electric vehicle developer and manufacturer. Valmet Automotive provides engineering, manufacturing and business services for the automotive industry. In 2009, the company generated net sales of €56m and employed some 800 people. It manufactures Porsche Cayman sports cars, electric Garia golf carsand THINK City urban cars in Uusikaupunki, Finland. Cuca
  • Blueprint Genetics — We offer complete genetic testing and genetic diagnostics to medical professionals worldwide. Learn more about our winning clinical-grade NGS offering!
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Finnish Climate Fund
VC Fund · Helsinki, Southern Finland, Finland · 2 investments in Finland Biotechnology startups

The Climate Fund focuses on combating climate change, boosting low-carbon industry and promoting digitalisation.

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Investment focus

  • Industry: Energy, Renewable Energy, Manufacturing
  • Stage:Debt Financing, Series A
  • Geography: Finland

Investor stats

  • Total investments: 20
  • Round size: Debt Financing $2.6M–$14M
  • Lead/follow: 40% lead, 60% 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.
  • Enifer — Enifer Bio is an expert at squeezing every last drop of value from biorefining operations. The solution is built on decades of Finnish expertise to allow the production of valuable protein-rich feed from streams previously considered worthless. The company has developed a new, sustainable production process for high-quality fish feed raw material.The company's method enables the efficient production of a single cell protein from fish by-products as a raw material for fish feed. The protein can replace soy, which is commonly used in fish feed and whose cultivation poses ecological challenges, such as deforestation in South America.
  • Volare — Refining food industry side streams into sustainable protein, oil and fertilizers.
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Marten Mickos
Angel · San Francisco, California, United States · 1 investments in Finland Biotechnology startups

Marten Mickos is the CEO of HackerOne, Inc. the leading vulnerability coordination and bug bounty platform. Previously Marten was the CEO of Eucalyptus Systems, acquired by Hewlett-Packard where he served as head of the cloud business. As the CEO of MySQL AB from 2001 to 2008, Marten grew that company from a garage start-up to the second largestopen source company in the world. Marten holds a M.Sc. in technical physics from Helsinki University of Technology in his native Finland.

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Investment focus

  • Industry: Software, Enterprise Software, Internet
  • Stage:Seed, Series A, Convertible Note
  • Geography: Finland, United States, Sweden

Investor stats

  • Total investments: 15
  • Round size: Seed $550k–$4.5M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Queer Spaces — Spaces is a group chat platform for building queer communities, and the first app to serve the entirety of the LGBTQ+ spectrum.
  • Tangled — The next-generation social coding platform.
  • 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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Jukka Tapaninen
Angel · 1 investments in Finland Biotechnology startups

Jukka Tapaninen is an experienced IT business executive and a board member at Fimmic. Jukka also holds board positions at weVision, Addoro Ab, Findity and MeshWorks Wireless Oy.Jukka has a strong background in the IT industry on managing companies and business units globally. His leadership experience, from large companies like SAP and HP, aswell as from strong midsize companies has given him industry knowledge and excellent network within the strategic ecosystem and major customers. Jukka has experience in working in the United States, Singapore and multiple locations in Europe that have given him a good understanding on how business is done in different parts of the world.Jukka holds a M.Sc. degree from the Helsinki School of Economics.

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Investment focus

  • Industry: Medical, Software, Education
  • Stage:Seed
  • Geography: Finland

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Aiforia — Aiforia provides software and services for pathologists, scientists and healthcare professionals to use artificial intelligence for image analysis.
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K5 Global
VC Fund · Los Angeles, California, United States · 1 investments in Finland Biotechnology startups

Backing category-defining companies from inception to IPO.

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Investment focus

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

Investor stats

  • Total investments: 174
  • Round size: Seed $100k–$10M; Pre-Seed $50k–$3.4M; Series A $75k–$50M
  • Lead/follow: 2% lead, 98% follow

Portfolio highlights

  • Balsa — Balsa Build is a next generation project management tool that helps you ship faster by providing better visibility and coordination across existing tools like Jira and Github in one central location.
  • Kled AI — Meet Nitrility, The World's First Intellectual Property Marketplace.
  • Chain — Chain is a pop-up restaurant that accepts deliveries and offers popular chain restaurant dishes.
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HTGF (High-Tech Gruenderfonds)
VC Fund · Bonn, Nordrhein-Westfalen, Germany · 1 investments in Finland Biotechnology startups

High-Tech Grunderfonds finances startups with growth potential. Its team of investment managers supports young companies with expertise, entrepreneurial spirit, and passion. The company focuses in the fields of digital tech, industrial tech, life sciences, chemistry, and related business areas. It also focuses on financial services in varioussectors.

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Investment focus

  • Industry: Software, Biotechnology, Information Technology
  • Stage:Seed, Series A
  • Geography: Germany, Switzerland, United States

Investor stats

  • Total investments: 497
  • Lead/follow: no public data

Portfolio highlights

  • BTRY — BTRY is a spin-off of EMPA and ETH and is developing the industry's first energy-dense solid-state battery, using sophisticated semiconductor manufacturing technologies.
  • Zeeg — Create a customized landing page in just a few clicks and let your customers easily book appointments with you.
  • viboo — viboo offers self-learning predictive control on the basis of physics-informed Machine Learning as a cloud service to smart-thermostat and building automation companies.
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Kiilto Ventures
VC Fund · Helsinki, Southern Finland, Finland · 1 investments in Finland Biotechnology startups

Kiilto Ventures is a family-owned company. Kiilto invests strongly in growth and renewal, determined to keep on reinventing and challenging themselves beyond their present core business.

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Investment focus

  • Industry: Construction, CRM, Hospital
  • Stage:Seed
  • Geography: Finland, Portugal

Investor stats

  • Total investments: 5
  • Lead/follow: no public data

Portfolio highlights

  • Delox — Delox is a spin-off of the Faculty of Sciences of the University of Lisbon (FCUL), whose goals consist in the design, development, and production of a vast portfolio of automatic biodecontamination robots. Target applications include the sterilization of medical devices in hospitals, health centers and field hospitals (for humanitarian missions,catastrophe situations, and war zones); room biodecontamination in hospitals, pharma, food industry and space; and laboratory equipment biodecontamination.
  • Betolar — Betolar is a new materials startup specialized in new geopolymer-based carbon-neutral construction materials for the construction industry and circular economy.
  • Asumma Homes — Asumma Homes is a construction technology company that focuses on building a global brand in housing. It provides architectural design, configuration, customization, and construction engineering. Asumma Homes was founded in the year 2021.
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KPMG
VC Fund · Amstelveen, Noord-Holland, The Netherlands · 1 investments in Finland Biotechnology startups

KPMG is a global network of professional firms providing Audit, Tax & Advisory services.

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Investment focus

  • Industry: Software, Information Technology, Enterprise Software
  • Stage:Series A, Series B
  • Geography: United States, Australia, United Kingdom

Investor stats

  • Total investments: 23
  • Lead/follow: no public data

Portfolio highlights

  • Auditoria.AI — Auditoria's agentic AI-based finance automation increases the speed, accuracy, and productivity of teams to automate accounts payable and receivable.
  • Wokelo AI — Wokelo AI transforms research for PE, VC, Consulting, and Corporates. Save time, uncover insights, and make data-driven decisions. Book your demo now.
  • Plexus — Boost your productivity, automate your work, centralise your contracts or find a secondee lawyer and completely transform your legal operations with Plexus.
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Unifund
VC Fund · 1 investments in Finland Biotechnology startups

Unifund Jyväskylä Ltd is to support the start-up of research-based businesses.

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Investment focus

  • Industry: Software, Collaboration, Management Consulting
  • Geography: Finland

Investor stats

  • Total investments: 2
  • Lead/follow: no public data

Portfolio highlights

  • Humap — Howspace is an AI-powered online platform that brings digital collaboration and social learning to the forefront of your process & development initiatives.
  • PrecisionPhage — PrecisionPhage is a biotech business that specializes on bacteriophage technologies.
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Haakon Overli
Angel · London, England, United Kingdom · 1 investments in Finland Biotechnology startups

Dawn is Europe’s largest specialist B2B software investor, with assets under management of $1.5bn. Dawn partners with founders building the next generation of global software leaders, supporting them to harness extraordinary teams.Haakon has served on the boards of Self Trade and Wonga.com amongst others, and currently represents Dawn’sinterest at Conversocial, Crate.io, LeadDesk, Minute Media and Neo Technologies.Prior to formalising early stage investing at Dawn, Haakon worked with early stage companies from their first commercial efforts through to managing accelerated growth, often by serving as an interim manager or board member. They include G-Cluster (sold to Softbank Broadmedia) and Lateral Logic (sold to Electronic Arts).Mr. Overli studied Mathematics at the University of Oslo and holds a B.A. (Hons) in Economics from University of Durham.In his investment-banking career when the world was covered in ice, Haakon was a Director and Co-Head of Technology Investment Banking at ING Barings. Prior even to that, Haakon worked for JP Morgan in the M&A departments of New York and London.

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Investment focus

  • Industry: SaaS, Software, Analytics
  • Stage:Series A, Series B, Series C
  • Geography: United States, United Kingdom, Finland

Investor stats

  • Total investments: 24
  • Round size: Series A $3M–$12M; Series B $18M–$22M; Series C $15M–$62M
  • Lead/follow: 38% lead, 62% follow

Portfolio highlights

  • Minute Media — We are a digital-first media company with a global footprint, bringing passion to life with proprietary technology that powers best-in-class content and advertising partnerships.
  • Doubleword — From research to reality
  • Algorithmiq — Algorithmiq utilizes its expertise in quantum information, complex systems, and computational physics to develop algorithms to develop new and effective drugs, solve problems in life sciences, and discover new materials.
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Eqvitec
VC Fund · Helsinki, Southern Finland, Finland · 1 investments in Finland Biotechnology startups

Eqvitec Partners is a privately owned and independent Nordic private equity firm, advising six funds with a total capital base of over €500 million. Equity funds invest in technology companies in all phases from early-stage to buyouts. Mezzanine funds focus on buyouts and expansion financing.Eqvitec Partners offers a combination of experienceand expertise to companies with an attractive business model and solid growth potential. They spend a lot of time with the portfolio companies working closely with the management on a board level. Their aim is to add significant value, particularly via intellectual capital, with a focus on strategy implementation and business development. In addition, they bring a significant network and financial know-how to their portfolio companies. Eqvitec funds typically exit the investments after 3-6 years through a trade sale or a stock exchange floatation.Eqvitec Partners was established in 1997 and currently has 15 employees in the Helsinki and Stockholm offices.They are a member of the Finnish Venture Capital Association (FVCA), Swedish Venture Capital Association (SVCA), European Private Equity and Venture Capital Association (EVCA) and Nordic Venture Network (NVN).

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Investment focus

  • Industry: Software, Information Technology, Enterprise Software
  • Stage:Series A, Seed
  • Geography: Finland, Sweden, United Kingdom

Investor stats

  • Total investments: 9
  • Lead/follow: no public data

Portfolio highlights

  • Norstel — Norstel AB manufactures and develops wide bandgap semiconductor materials, including silicon carbide (SiC) wafers and epitaxial layers.
  • eBuilder — eBuilder is a global company that optimizes and automates administrative processes for corporations and public sector agencies through IT-based business process outsourcing.
  • MediSapiens — MediSapiens provides software solutions to clients in the biomedical field. Our solutions turn biomedical data into new insights and knowledge. Our clients
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Creathor Ventures
VC Fund · Bad Homburg, Hessen, Germany · 1 investments in Finland Biotechnology startups

We have been investing at the frontier of technology and science for over 30 years. We know what it takes to succeed.

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Investment focus

  • Industry: Software, Health Care, Biotechnology
  • Stage:Series A, Series B
  • Geography: Germany, Switzerland, United States

Investor stats

  • Total investments: 92
  • Lead/follow: no public data

Portfolio highlights

  • Ledgy — Digitize your cap table, automate equity plans and simplify compliance. Find out how leading companies use Ledgy to empower their employees and engage investors.
  • HeyJobs — Intelligent recruiting | more hires with performance marketing | only qualified candidates | fast recruiting success | over 1,500 companies use HeyJobs to find employees
  • Humanoo — HUMANOO | MAKING PEOPLE HEALTHIER! HUMANOO is the digital health platform for employees and insurance clients. We enable our users to improve their physical and mental health. Simple, effective, proven - all in one app. With customized programs and innovative eHealth solutions, we guide our users in the areas of fitness, physio, yoga, mindfulnessand nutrition to their self-imposed goals. For the first time, companies and insurance companies can use comprehensive decentralized analysis to understand the health of their employees or insurance clients and make it a measurable success. Our team currently consists of 65 employees from 15 nations with different talents. In our office in Berlin-Kreuzberg, software developers, designers, marketing and sales specialists work together with sports and nutrition scientists as well as yoga teachers and physiotherapists. What we share is the goal to motivate people to stay healthy.
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Green Campus Innovations Oy
VC Fund · Helsinki, Southern Finland, Finland · 1 investments in Finland Biotechnology startups

Provide an effective, outsourced incubation and acceleration platform .

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Investment focus

  • Industry: Electric Vehicle, Manufacturing, Energy
  • Stage:Seed, Pre-Seed
  • Geography: Finland, Norway

Investor stats

  • Total investments: 5
  • Lead/follow: no public data

Portfolio highlights

  • Akkurate — Sandvik Battery Electric Loaders and Trucks TH550B LH518B Mobile Charging Station Battery as a Service
  • Solar Foods — The Finnish company Solar Foods Oy produces an entirely new kind of nutrient-rich protein using only air and electricity as the main resources. The goal of the company is to start commercial production of the environmentally revolutionary protein in 2020.Solar Foods’ concept redefines the basics of food production, as it is not dependent onagriculture, the weather, or the climate. The price of the protein product is also competitive compared to sources such as soy protein.
  • The Human Touch Robotics — Automating online grocery and food related goods picking with single-item picking robots, through adaptive gripping and AI vision system.
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Ananda Impact Ventures
VC Fund · Munich, Bayern, Germany · 1 investments in Finland Biotechnology startups

We are the home for entrepreneurs with a big vision who want to create something less ordinary. Something that matters. For all of us.

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Investment focus

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

Investor stats

  • Total investments: 66
  • Lead/follow: no public data

Portfolio highlights

  • Elio — Putting leading scientific data into context, to enable others to respond to climate change’s dynamism and act on solutions with confidence.
  • Ocean Ledger — Precision analytics to design, implement & monitor coastal mitigation and adaptation.
  • NatureMetrics — NatureMetrics is the World-Leading provider of Biodiversity monitoring data, using eDNA surveys, metabarcoding & more. Book your demo today!
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Aqua Spark
VC Fund · Utrecht, Utrecht, The Netherlands · 1 investments in Finland Biotechnology startups

Aqua-Spark is an investment fund with a focus on sustainable aquaculture businesses around the world. The small-to-medium enterprises (SMEs) they invest in are working toward the production of safe, accessible aquatic life, such as fish, shellfish and plants, in ways that do not harm their oceans. Their investors value the fact that each investmentaims to create triple impact—specifically, each investment is chosen for its potential to generate significant financial returns while also activating positive environmental and social outcomes.Aqua-Spark believes that committing to a long-term vision is the way to realize effective and lasting impact results. When it comes to investments, they do not seek quick exits; instead, they look for entrepreneurs who strive to build and scale toward the future, who see their business as major economic opportunities that can also help solve looming environmental and food security challenges over the long-term. As an essential of each investee, Aqua-Spark seeks sustainability.

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Investment focus

  • Industry: Biotechnology, Aquaculture, Seafood
  • Stage:Series A, Seed
  • Geography: United States, Norway, Israel

Investor stats

  • Total investments: 40
  • Lead/follow: no public data

Portfolio highlights

  • Protix — Discover how Protix is revolutionizing the food system by converting organic waste into nutritious insect-based ingredients for a sustainable future.
  • XpertSea — XpertSea is a Canadian technology company that's transforming how the global aquaculture industry farms seafood to help feed the world. Combining smart aquaculture equipment with a farm management platform, our collaborative solution uncovers actionable insights driven by artificial intelligence. These insights enable farmers and industryexperts to optimize feed efficiency, reduce environmental waste, take preventive actions against diseases and use data to bring transparency and knowledge to the entire supply chain. With customers in over 50 countries, we’re using Canadian ingenuity to make aquaculture profitable and sustainable.
  • Proteon Pharmaceuticals — Proteon Pharmaceuticals serves livestock and aquaculture farms that aim for high-quality and sustainable protein production.
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Stockholm Techstars Accelerator
VC Fund · Stockholm, Stockholms Lan, Sweden · 1 investments in Finland Biotechnology startups

The Stockholm Techstars Accelerator invests in early-stage, high-growth companies looking to build and expand in the Nordic-Baltic startup ecosystem.

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Investment focus

  • Industry: Pet, FinTech, Finance
  • Stage:Pre-Seed
  • Geography: Israel, Norway, Sweden

Investor stats

  • Total investments: 7
  • Lead/follow: no public data

Portfolio highlights

  • goscore — Fair human credit scoring, credit check, and assessment for you
  • Terrawaste — TerraWaste is a next-generation chemical recycling company that turns non-recyclable waste into value by creating new, climate-positive materials with a pollution-free process. TerraWaste focuses on lowering the level of need for virgin oil extraction by recycling plastics with chemical recycling technology 'htloop' into high-qualityclimate-positive crude oil, biochar, and high-value chemicals to support companies globally to become more sustainable and circular. Our technology (htloop) is developed on a process developed in the laboratory for over 20 years and hasn’t been commercialized until recently. TerraWaste is the first company to use HTL to recycle plastic waste and turn it into new plastic products. The unique thing is the state-of-the-art technological system that will recycle waste in a continuous-flow system, at the same time reusing heat and water in a loop, that way dramatically decreasing energy consumption. Our process is pollution free, and we produce carbon-negative output materials, that way offsetting other, carbon-heavy industries.
  • Five Letter Foods — Real food for dogs. Ultra-processed junk food is boring and makes your dog sick. Our meal kits have a full swing of variety. Death to kibble.
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H&M Group Ventures
VC Fund · Stockholm, Stockholms Lan, Sweden · 1 investments in Finland Biotechnology startups

H&M Group Ventures is the venture capital arm of the H&M Group.

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Investment focus

  • Industry: E-Commerce, Fashion, Textiles
  • Stage:Series A, Series B
  • Geography: Sweden, United States, United Kingdom

Investor stats

  • Total investments: 54
  • Lead/follow: no public data

Portfolio highlights

  • Centra — Centra is part of creating the next generation of brands, with a direct-to-consumer and wholesale e-commerce software for global brands. Brands across Scandinavia and the world trust Centra to seamlessly connect people to products. We're a medium-sized company with offices in Stockholm, Sweden, Wroclaw, Poland and New York City, USA.
  • Voyado — All-in-one CRM, Loyalty, CDP, marketing software and AI-powered product discovery purely built for retail and e-commerce.
  • Colorifix — Colorifix is a biotechnology company that has pioneered the first entirely biological process to produce, deposit and fix pigments onto textiles. Using a synthetic biology approach, it offers a radically different solution to incumbent dyeing technologies that entirely cuts out the use of harsh chemistry and leads to huge reductions in waterconsumption. Colorifix’s investors include Cambridge Enterprise, H&M, Mills Fabrica, Primera Impact and Sagana, whose collective backing is funding its expansion. For more information, visit www.colorifix.com
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Illusian Founder Office
VC Fund · Helsinki, Southern Finland, Finland · 1 investments in Finland Biotechnology startups

Illusian is the Founder Office of people who have founded and scaled companies like Supercell, Zalando, Wolt, Aiven, Pigment, and Smartly. While the group is still busy running their businesses, they've aligned their networks, capital, and expertise to simultaneously support the next generation of builders.

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Seed, Series A, Series B
  • Geography: Finland, United States, Germany

Investor stats

  • Total investments: 45
  • Lead/follow: no public data

Portfolio highlights

  • Ever (evercars.com) — Ever is a technology and automotive company that helps its customers buy and sell high-quality electric vehicles. The company is based out of San Francisco, backed by leading investors, and led by former tech & automotive professionals from Uber, Lithia, Penske, Rivian, Carvana, Tesla, Lucid, TrueCar, Longo Toyota, Boston Consulting Group, J.P.Morgan, Lyft, Shopify, Flexport, Golden Gate Capital, and more.
  • IXI — Discover adaptive glasses with autofocus lenses that adjust to your viewing needs, providing seamless clarity at any distance.
  • Ovido — Ovido company specialises in supply chain and product data automation, with a focus on providing full product traceability and the establishment of Digital Product Passports (DPPs).
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Conor Venture Partners
VC Fund · Espoo, Southern Finland, Finland · 1 investments in Finland Biotechnology startups

Conor Venture Partners is a new breed technology venture capital fund and management company. Conor invests in early-stage companies originating from Nordic and Baltic countries. Investment areas include information and communications technology, embedded software, semiconductor technology, electronics, new materials and optics.

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Investment focus

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

Investor stats

  • Total investments: 45
  • Lead/follow: no public data

Portfolio highlights

  • Neo4j — Connect data as it's stored with Neo4j. Perform powerful, complex queries at scale and speed with our graph data platform.
  • Blackwood Seven — Attribute, predict and optimize the business outcome of marketing and media plans with Blackwood Seven's Unified Marketing Modeling platform.
  • 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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Visionplus
VC Fund · Helsinki, Southern Finland, Finland · 1 investments in Finland Biotechnology 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
  • Lead/follow: no public data

Portfolio highlights

  • Pebble — Pebble is a electric vehicle manufacturing startup.
  • Transfluent — Professional translations for all business needs. Fast. Easy.
  • BetterDoctor — Our provider network software solutions & services provide unmatched tools & insights for you. Discover how you can measure, manage, monitor & model.
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Kristian Ranta
Angel · San Francisco, California, United States · 1 investments in Finland Biotechnology startups

Kristian Ranta is a Co-Founder & Chief Executive Officer at Meru Health.

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Investment focus

  • Industry: Health Care, Apps, Internet
  • Stage:Seed, Pre-Seed
  • Geography: Finland, United States

Investor stats

  • Total investments: 5
  • Lead/follow: no public data

Portfolio highlights

  • AIATELLA — Automating medical image analysis
  • Solu — Discover the next generation toolkit for analyzing, storing and sharing bacterial genomes.
  • Vital — Vital API allows developers to access health data from wearable devices and at-home test kits. The company was founded in 2021 by Maitham Dib and is headquartered in San Francisco, California, United States.
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The Forum Corporation
VC Fund · Boston, Massachusetts, United States · 1 investments in Finland Biotechnology startups

Fortum Oyj is a global learning and development firm specializing in strategy execution for companies in a broad array of industries.

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Investment focus

  • Industry: Biotechnology
  • Stage:Series A
  • Geography: Finland

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

Portfolio highlights

  • Infinited Fiber Company — Infinited Fiber Company is a Finnish biotech founded in 2016 to commercialize a breakthrough recycling technology that can turn cellulose-rich raw materials – like cotton-rich textile waste, used cardboard, or wheat or rice straw – into high-quality textile fibers with the look and feel of cotton. The patented technology has been validated byleading brands and is ready to be scaled. Infinited Fiber Company won the Europas 2020 Hottest Sustainability Tech Award, and was listed on the Global 50 to Watch by Cleantech Group in 2019. In 2016 Infinited Fiber Company was selected into WWF’s Climate Solver network. The company is headquartered in Espoo, Finland.
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Takoa Invest
VC Fund · 1 investments in Finland Biotechnology startups

Takoa Invest is a Finnish family-owned investment company that owns and develops companies and properties with growth potential in Finland and abroad. Takoa Invest is a Finnish family-owned investment company. It owns and develops companies and properties with growth potential in Finland and abroad.

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Investment focus

  • Industry: Biotechnology, Mobile, Retail
  • Stage:Seed, Series B, Series C
  • Geography: Finland, Israel

Investor stats

  • Total investments: 4
  • Lead/follow: no public data

Portfolio highlights

  • Theranica — Theranica is a medical device company that has combined neuromodulation therapy with modern wireless technology to develop proprietary wearable solutions that address various medical conditions and disease states. The noninvasive and therapeutic 'smart' patches are controlled by a smartphone app to allow for personalized, portable, andaffordable care. The patch consists of a proprietary 'smart' chip that delivers electrical pulses to neuro-modulate the sensory nerves under the skin. The first application of the technology is for treatment of migraine headaches.
  • Finnadvance — Finnadvance is an Organ-On-Chip company developing high throughput biological barriers on chips to mimic human biology such as vascular, lung and the Blood-Brain-Barriers for small molecule, micro-nano-formulation permeability and toxicity testing with in-vivo like dynamic cell cultures.
  • IndoorAtlas — Discover the power of indoor positioning technology with IndoorAtlas. Build innovative indoor location-based solutions using our cross-platform SDK. Explore case studies and start developing today.
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Bridford Investments
VC Fund · 1 investments in Finland Biotechnology startups

Bridford Investments

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Investment focus

  • Industry: Biotechnology, Food Processing
  • Stage:Series A
  • Geography: Finland

Investor stats

  • Total investments: 2
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Solar Foods — The Finnish company Solar Foods Oy produces an entirely new kind of nutrient-rich protein using only air and electricity as the main resources. The goal of the company is to start commercial production of the environmentally revolutionary protein in 2020.Solar Foods’ concept redefines the basics of food production, as it is not dependent onagriculture, the weather, or the climate. The price of the protein product is also competitive compared to sources such as soy protein.
  • Touchlight Genetics — Founded in 2008, Touchlight brings together a highly talented scientific and drug development team supported by an experienced board.Founder and CEO Jonny Ohlson has assembled a dynamic management team, including Clive Dix, Non Executive Chairman, and John Tite, Executive Head of Research (formerly founding CEO of Bicycle Therapeutics), withsubstantial experience in growing life science companies and particularly in DNA vaccines. Touchlight is supported by a group of Non-Executive Directors, who bring a wealth of healthcare and entrepreneurial experience.Led by experienced drug pharmaceutical scientists Neil Porter and Jill Makin, Touchlight’s scientific team- some of the brightest talents in the UK industry- has successfully established and patented the proTLx™ synthetic DNA platform as well as successfully establishing the first therapeutic proof-of-principle through collaboration with leading academic partners.The company has established strong collaborative links with academic laboratories worldwide including Imperial College London, Southampton University, Queen’s University Belfast and the University of Pennsylvania in the US.
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Ascend Capital Partners
VC Fund · Hong Kong, Hong Kong Island, Hong Kong · 1 investments in Finland Biotechnology startups

Founded by two Wall Street professionals in 2002 with the goal of making companies successful by helping them raise capital and improve their management standards. This was done by taking an active role in running these companies (at the Board level and operationally) and helping to secure strategic partnerships.Over USD 100 million in assetsgenerated from successful investments in China, and more recently in Europe. All invested funds come from our partners; no 3rd party money is managed. Since the partners are investing their own capital, they are dedicated to making their investments successful.Led by Monita Mo, one of the founders and a serial entrepreneur. Our partners have decades of experience across a wide range of industries and geographical regions. All investment partners have done business in Asia and bring an extensive network of contacts for our investments. Additionally, they have started, managed, and sold businesses and understand the challenges involved.See the need to share more developed technology to other markets, especially in China, where growth opportunities may be greater. That is why we are currently focusing on companies in Europe and other developed markets that have unique technologies that can be commercialized in their home markets, Asia, and the US.

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Investment focus

  • Industry: Health Care, Medical Device, Software
  • Stage:Series A, Seed
  • Geography: Finland, Israel, Austria

Investor stats

  • Total investments: 18
  • Round size: Seed $1.5M–$9.3M; Series A $2.2M–$12M
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • DriveU.auto — Transform existing terminal tractors into autonomous vehicles. Fast ROI. Continuous operation in mixed traffic.
  • Pionix — open source software as a service for charging stations / e-mobility
  • piur imaging — PIUR´s tomographic ultrasound solutions turn any standard ultrasound system into a tomographic 3D imaging device, bridging the gap between 2D ultrasound and regular tomographic imaging modalities. With any conventional 2D ultrasound transducer, high-resolution tomographic images can be generated and stored as quantifiable volumes, enabling true AIpost-processing for efficient diagnostics. Current focus is on thyroid imaging where AI algorithms allow doctors a fast and objective analysis and classification of thyroid nodules.
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Tiger Global Management
VC Fund · New York, New York, United States · 1 investments in Finland Biotechnology startups

Founded in 2001, Tiger Global Management, LLC (“Tiger Global”) is a New York-based investment firm pursuing a long-term approach to investing in leading, global public and private companies that leverage technological innovation. Tiger Global’s public equity business includes fundamentally oriented long/short, long-focused and crossoverstrategies, targeting investments in high-quality, public growth companies. The private equity business invests in early through late stage companies that pursue innovative approaches to new and existing industries, building on over 20 years of experience investing in hundreds of businesses in more than 30 countries with more than 90 portfolio company IPOs. With a strong track record investing across sectors and stages, Tiger Global aims to be a thought partner to companies and their management teams across their lifecycle in public and private markets. The Firm’s mission is to generate world-class returns for its investors and to do so in a way that makes its employees, partners and portfolio companies proud.

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Investment focus

  • Industry: Software, FinTech, Financial Services
  • Stage:Series B, Series A, Series C
  • Geography: United States, India, China

Investor stats

  • Total investments: 861
  • Round size: Series A $8M–$50M; Series B $17M–$130M; Series C $25M–$298M
  • Lead/follow: 58% lead, 42% follow
  • Last fund: Likely still investing — raised $2.2B in 2024

Portfolio highlights

  • Chaayos — Your one stop shop for all your Chai Cravings. Easy way to buy out Masala Tea, Instant Tea, Green Teas and Tea Gifts.
  • Progcap — Progcap is revolutionising the way financial access is delivered to underserved segments of the Indian retail economy, through specialized financing and technology products that empower small and medium businesses (SMBs) to progress without obstacles.
  • G.O.A.T Brand Labs — Purpose G.O.A.T is mono-maniacally focussed on the audacious goal of Making Indian D2C brands world...
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Thames Trust
VC Fund · London, England, United Kingdom · 1 investments in Finland Biotechnology startups

Thames Trust

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Investment focus

  • Industry: SaaS, FinTech, Finance
  • Stage:Seed, Series A, Series B
  • Geography: United Kingdom, Finland

Investor stats

  • Total investments: 3
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • STEM — For makers, learners, and players. Creative computing projects, stories, and more.
  • Algorithmiq — Algorithmiq utilizes its expertise in quantum information, complex systems, and computational physics to develop algorithms to develop new and effective drugs, solve problems in life sciences, and discover new materials.
  • ABAKA Holdings — Fintilect delivers hyper-personalized digital banking solutions to financial institutions, empowering them to adapt, respond and prosper. Find out more.
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David Helgason
Angel · Copenhagen, Hovedstaden, Denmark · 1 investments in Finland Biotechnology startups

David is a technologist, the founder of Unity Technologies, non-exec director to others, and a restless entrepreneur with a passion for creating feedback loops between innovation and teams and products, applying new and old business models to changing industries, and pushing people to do the very best they can do.David's background is inprogramming, an assortment of university dabbling, creating companies, and helping entrepreneurs. He served as CEO of Unity Technologies since co-founding it in 2003 and until October 2014, with an unflinching vision to democratize game development, and to develop technology and business models for the next phase of the games industry. David Helgason attended the University of Copenhagen.

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Investment focus

  • Industry: Software, Gaming, Information Technology
  • Stage:Seed, Series A
  • Geography: United States, Denmark, Finland

Investor stats

  • Total investments: 71
  • Round size: Seed $1.1M–$8M; Series A $4.3M–$30M
  • Lead/follow: 1% lead, 99% follow

Portfolio highlights

  • Yousician — Yousician is a fun way to learn the guitar, piano, bass, ukulele or singing. Enjoy thousands of songs with Yousician as your personal music teacher!
  • Absurd:Joy — absurd:joy is bringing joy to remote collaboration with Tangle
  • Noice — Join the team build an awesome combo of social x playful x platform.
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Biotechnology Investor funding in Finland at a glance

Stats across 126 deals from 125 investors.

125
investors
in Finland Biotechnology startups
126
deals
in Finland Biotechnology startups
$3.1M
median round
in Finland Biotechnology startups
43%
lead investors
lead at least one round
15%
Seed
most common funding stage
86/14
VC / Angel
share of investor count

Access all 125 investors in Finland Biotechnology startups.

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