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Top 40 Blockchain Startup Investors in Finland (August 2026)

The most active venture capital funds and angel investors investing in Finland Blockchain startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Finland Blockchain startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
LeadBlock Partners
VC Fund
2 France, Finland, United States Series A, Seed, Series B Financial Services, Blockchain, Cryptocurrency $2M–$105M
Icebreaker.vc
VC Fund
2 Finland, Sweden, Estonia Pre-Seed, Seed, Series A Software, Information Technology, Artificial Intelligence $110k–$25M
Antler
VC Fund
2 Singapore, Australia, United Kingdom Pre-Seed, Seed, Series A Software, Artificial Intelligence, Information Technology $100k–$29M
Viet Anh Ho
Angel
1 Finland, Indonesia, Singapore Seed, Series B, Series C Blockchain, Cryptocurrency, Web3 $3.4M–$5M
Taaleri
VC Fund
1 Finland, Kenya Seed, Pre-Seed Construction, Building Material, Financial Services $241k–$6.3M
byFounders
VC Fund
1 Denmark, United States, Sweden Seed, Pre-Seed, Series A Software, Artificial Intelligence, Health Care $800k–$65M
Orbs
VC Fund
1 United States, Finland, South Korea Seed, Pre-Seed, Corporate Round Blockchain, Internet, Cryptocurrency $300k–$3.1M
Business Finland
VC Fund
1 Finland, United States, Sweden Grant, Seed, Debt Financing Software, SaaS, Biotechnology $52k–$10M
Coinbase Ventures
VC Fund
1 United States, Singapore, India Seed, Series A Blockchain, Cryptocurrency, Financial Services $2M–$41M
Concentric
VC Fund
1 United Kingdom, United States, Germany Seed, Series A, Series B Financial Services, Software, Bitcoin $849k–$225M
Avery Pennarun
Angel
1 Finland Seed Software, Blockchain, Web Development
Sapphire Ventures
VC Fund
1 United States, Germany, United Kingdom Series D, Series C, Series B Software, Information Technology, Enterprise Software $10M–$201M
Sami Honkonen
Angel
1 Finland Seed Software, Blockchain, Web Development
Marten Mickos
Angel
1 Finland, United States, Sweden Seed, Series A, Convertible Note Software, Enterprise Software, Internet $550k–$4.5M
Leena Niemistö
Angel
1 Finland, United States Seed, Pre-Seed Health Care, Software, E-Commerce $480k–$3.4M
Courage Ventures Management
VC Fund
1 Finland, United States Seed, Pre-Seed Health Care, Apps, Web3 $250k–$3.4M
Wintermute
VC Fund
1 United States, Singapore, Cayman Islands Seed, Series A, Venture - Series Unknown Blockchain, Cryptocurrency, Financial Services $3M–$50M
C2 Ventures
VC Fund
1 United States, Canada, Finland Seed, Pre-Seed, Series A Software, SaaS, Information Technology $120k–$18M
Ilkka Paananen
Angel
1 Finland, United States, United Kingdom Seed, Series A, Pre-Seed Software, Artificial Intelligence, FinTech $1.2M–$65M
Ben Feder
Angel
1 Finland, United States, Singapore Seed, Series C Gaming, Web3, Shoes $3M–$16M
Aleksander Leonard Larsen
Angel
1 Norway, Denmark, Singapore Seed, Series A, Pre-Seed Gaming, Blockchain, Video Games $1.6M–$60M
Maki.vc
VC Fund
1 Finland, Norway, Denmark Seed, Series A, Pre-Seed Software, E-Commerce, Information Technology $834k–$37M
Trung Nguyen
Angel
1 Singapore, Canada, Finland Seed, Pre-Seed, Series B Blockchain, Cryptocurrency, Web3 $3.2M–$5.4M
Sebastien Borget
Angel
1 United States, France, Estonia Seed, Series A, Pre-Seed Blockchain, Gaming, Cryptocurrency $250k–$60M
Bain Capital Crypto
VC Fund
1 United States, Germany, Finland Seed, Series A, Series B Blockchain, Cryptocurrency, Software $3.3M–$100M
Thomas Dohmke
Angel
1 United States, United Kingdom, Germany Seed, Pre-Seed, Series A Software, Information Technology, Artificial Intelligence $1.1M–$120M
DN Capital
VC Fund
1 United States, Germany, United Kingdom Series A, Series B, Seed Software, SaaS, E-Commerce $786k–$108M
Augmentum Fintech
VC Fund
1 United Kingdom, Israel, Germany Series A, Series B FinTech, Financial Services, Finance $5.9M–$60M
OXO Technologies Holding
VC Fund
1 Hungary, Finland, United Kingdom Seed, Series A, Post-IPO Equity Software, Information Technology, FinTech $564k–$1.5M
BlackFin Capital Partners
VC Fund
1 France, Germany, Denmark Series A, Private Equity, Series B Financial Services, FinTech, Software $5.5M–$108M
Jabre Capital
VC Fund
1 Switzerland, United Kingdom, The Netherlands Seed, Pre-Seed, Series A Blockchain, Cryptocurrency, Web3 $50k–$25M
Woorton
VC Fund
1 Finland Series A Lending, Blockchain, Cryptocurrency
Goldman Startups
VC Fund
1 Turkey, Finland Seed, Pre-Seed, Equity Crowdfunding SaaS, Web3, Gaming
Timo Soininen
Angel
1 Finland, Sweden, United States Seed, Pre-Seed, Series A FinTech, Software, Gaming $828k–$16M
Tesi
VC Fund
1 Finland, United States, Switzerland Series A, Series B Software, Manufacturing, Health Care $2.4M–$41M
Risto Siilasmaa
Angel
1 Finland, Sweden, Estonia Seed, Series A, Pre-Seed Software, Information Technology, Artificial Intelligence $228k–$29M
Estlander & Partners
VC Fund
1 Finland Pre-Seed Lending, Blockchain, Cryptocurrency
Wintermute Ventures
VC Fund
1 United States, Singapore, United Kingdom Seed, Series A Blockchain, Cryptocurrency, Financial Services $2.7M–$50M
Jeffrey Zirlin
Angel
1 United States, Brazil, Canada Seed, Series A, Pre-Seed Blockchain, Cryptocurrency, Gaming $2.6M–$25M
Renaldas Zioma
Angel
1 Lithuania, Finland, United States Angel, Pre-Seed, Convertible Note Internet, Artificial Intelligence, Software $85k–$2.1M
Access all 45 investors in Finland Blockchain startups.

Access 48,091 investors

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

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Investor list

LeadBlock Partners
VC Fund · London, England, United Kingdom · 2 investments in Finland Blockchain startups

LeadBlock Partners is a EU venture capital fund.

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Investment focus

  • Industry: Financial Services, Blockchain, Cryptocurrency
  • Stage:Series A, Seed, Series B
  • Geography: France, Finland, United States

Investor stats

  • Total investments: 18
  • Round size: Seed $2M–$18M; Series A $10M–$42M; Series B $12M–$105M
  • Lead/follow: 11% lead, 89% follow

Portfolio highlights

  • Kiln — Stake your treasury directly, or bring staking to your users through our whitelabel product.
  • Tatum — Tatum is a blockchain development platform designed to assist developers in building applications on the blockchain.The company is a platform for building blockchain infrastructure that offers developers an easy-to-use application programming interface (API), allowing them to incorporate blockchain into their products quickly and effortlessly.Tatum was established on June 4, 2018 by Jiri Kobelka and Samuel Šramko in London, England.
  • Usual — Usual Labs operates as a decentralized finance(DeFi) protocol.
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Icebreaker.vc
VC Fund · Helsinki, Southern Finland, Finland · 2 investments in Finland Blockchain 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, Sweden, Estonia

Investor stats

  • Total investments: 135
  • Round size: Seed $384k–$5.2M; Pre-Seed $110k–$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 — Cytely operationalizes biological measurement, turning microscopy into standardized, reproducible data so research teams can accelerate discovery.
  • Oplane — Connect your repo. See and fix your vulnerabilities in minutes. AI-powered threat modeling - no consultants, no weeks of docs.
  • 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!
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Antler
VC Fund · Singapore, Central Region, Singapore · 2 investments in Finland Blockchain startups

Build your next company with Antler, a global day zero investor enabling exceptional founders to start great companies, from the very beginning. Apply now!

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Investment focus

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

Investor stats

  • Total investments: 2215
  • Round size: Seed $159k–$4.6M; Pre-Seed $100k–$645k; Series A $4.1M–$29M
  • Lead/follow: 43% lead, 57% follow
  • Last fund: Likely still investing — raised $72M in 2024

Portfolio highlights

  • iiba — Iiba is a geospatial platform that specializes in providing location information related to child-rearing.
  • Two — Buy Now, Pay Later for your business customers. Two makes it easy and safe to offer invoice as a payment method on your e-commerce site.
  • Homethings — Single-use plastic is bonkers. Homethings makes cleaning products that make sense. No more shipping water in plastic bottles. We send non toxic cleaning tabs so that you can refill over and over again using your tap.
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Viet Anh Ho
Angel · Ho Chi Minh City, NA - Vietnam, Vietnam · 1 investments in Finland Blockchain startups

Viet Anh (Andy) Ho is the Chief Technology Officer at Sky Mavis.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Web3
  • Stage:Seed, Series B, Series C
  • Geography: Finland, Indonesia, Singapore

Investor stats

  • Total investments: 4
  • Round size: Seed $3.4M–$5M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Rens Original — RENS Original is the World's First Sneaker made from recycled coffee and plastic. We know you've been drinking it, now it is time to wear it.
  • Pluang — Pluang is a financial technology application that opens public access opportunities to financial products easily and affordably. The company offers a gold savings product that allows investments starting from 0.01 grams and provides users with real-time liquidity and peace of mind as the gold is kept in a government-backed institution through theofficial Indonesian commodities exchange.Founded in 2019, Pluang is headquartered in Jakarta, Indonesia.
  • Bitlayer — Bitlayer is the first Bitcoin second-layer network, based on BitVM, offering ultra-scalability and L1 security, aiming to be Bitcoin's computing layer.
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Taaleri
VC Fund · Helsinki, Southern Finland, Finland · 1 investments in Finland Blockchain startups

Taaleritehdas Wealth Management is helping all Finns see the advantages of ownership and find their own way to own.

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Investment focus

  • Industry: Construction, Building Material, Financial Services
  • Stage:Seed, Pre-Seed
  • Geography: Finland, Kenya

Investor stats

  • Total investments: 9
  • Round size: Seed $241k–$6.3M
  • Lead/follow: 44% lead, 56% follow

Portfolio highlights

  • Rester — Rester is a Finnish company enabling the recovery of business textiles into a new textile fibre and quality raw material.
  • Woodly Oy — Woodly® is an entirely new type of wood-based packaging material that can be used to substitute traditional fossil-based plastics. Woodly is recyclable can be made into transparent and flexible packaging, and the material mimics the best qualities of traditional plastics.
  • Nordtreat — Nordtreat is a producer of bio-based flame retardants for the global construction products industry. Nordtreat's NORFLAM® flame retardants for wood protect over 2000 buildings around the world.
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byFounders
VC Fund · Copenhagen, Hovedstaden, Denmark · 1 investments in Finland Blockchain startups, 17 in the past 12 months

byFounders is the community-powered early-stage venture fund investing in globally ambitious teams connected to the Nordic and Baltic countries. With its unique Collective of founders and operators, byFounders offers its portfolio operational expertise and a global network. Believing in the power of tech to shape our future, byFounders takes an impact-aware approach to investing and working with the broader startup ecosystem.

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Investment focus

  • Industry: Software, Artificial Intelligence, Health Care
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Denmark, United States, Sweden

Investor stats

  • Total investments: 124
  • Round size: Seed $1.5M–$9.4M; Pre-Seed $800k–$4.2M; Series A $6.1M–$65M
  • Lead/follow: 51% lead, 49% follow
  • Last fund: May invest from a new fund soon — raised $117M in 2021

Portfolio highlights

  • Visoid — Render your 3D models with ease! Quick and easy rendering software for architects, powered by AI. Try Visoid for free!
  • Verda (formerly DataCrunch) — DataCrunch is a cloud service provider which facilitates utilization and integration of state of the art AI/ML models
  • Spiral Hydrogen — All-in-one, bubble-free centrifugal electrolyzer with an embedded axial flux generator that sets a new standard in efficiency and simplicity.
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Orbs
VC Fund · Tel Aviv, Tel Aviv, Israel · 1 investments in Finland Blockchain startups

Orbs is a public blockchain infrastructure that enhances the capabilities of existing EVM and non-EVM smart contracts.

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Investment focus

  • Industry: Blockchain, Internet, Cryptocurrency
  • Stage:Seed, Pre-Seed, Corporate Round
  • Geography: United States, Finland, South Korea

Investor stats

  • Total investments: 10
  • Round size: Seed $300k–$3.1M
  • Lead/follow: 30% lead, 70% follow

Portfolio highlights

  • Symmio — The novel derivatives Peer2Peer clearing infra, Enabling LPs to provide synthetic leveraged exposure to any asset. Live on 7 chains, with 13 DEXs built on top
  • Fenix Finance — The Trading and Liquidity Marketplace, powered by @RiseLabsLTD
  • TON Strategy Company — VERB Technology Company is a software-as-a-Service, or SaaS, applications platform developer. Its platform is comprised of sales enablement business software products marketed on a subscription basis. The applications are available in both mobile and desktop versions. It includes verbCRM, Customer Relationship Management application, verbLEARN,Learning Management System application, and verbLIVE, its Live Broadcast Video Webinar application.
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Business Finland
VC Fund · Helsinki, Southern Finland, Finland · 1 investments in Finland Blockchain startups, 19 in the past 12 months

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:Grant, Seed, Debt Financing
  • Geography: Finland, United States, Sweden

Investor stats

  • Total investments: 229
  • Round size: Seed $297k–$3.5M; Grant $52k–$10M; Debt Financing $241k–$6.5M
  • Lead/follow: 45% lead, 55% follow
  • Last fund: May invest from a new fund soon — last raise in 2017

Portfolio highlights

  • eMabler — EMabler is an EV charging infrastructure software company that develops an API-first platform used by businesses to operate, manage, and scale electric vehicle charging networks. It provides a centralized system for charge point management, billing, pricing, roaming, and energy optimization, allowing operators to control large networks of EVchargers from a single platform. The software connects charging hardware with business systems such as CRM, payment, and energy management tools through open APIs and a large library of integrations. The company focuses on enabling enterprises, such as energy utilities, parking operators, and retail businesses, to embed EV charging directly into their existing services and digital platforms rather than building standalone charging systems. This includes white-label solutions where charging is integrated into a company’s own app or customer experience under its brand.
  • Coolbrook — Our RotoDynamic electric technology can cut 30% of industrial emissions annually, delivering hope at industrial scale.
  • Solar Foods — Solar Foods is a food-tech startup that specializes in testing a technology that uses electricity to produce hydrogen which is combined with carbon dioxide, water, vitamins, and minerals to feed and grow microbial biomass that can be used as edible protein. The industrial biotech startup develops a protein called Solein, a nutritious, sustainablesubstitute for animal-derived proteins. Solein is created using elements from the air—CO2, water, nitrogen—and electricity. This single-cell protein is cultivated through gas fermentation, essentially deriving edible calories from hydrogen-oxidizing microbes.
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Coinbase Ventures
VC Fund · San Francisco, California, United States · 1 investments in Finland Blockchain startups

Coinbase Ventures is an investment arm of Coinbase that aims to invest in seed-stage cryptocurrency and blockchain startups. The company was founded in 2018 and is based in San Francisco, California, United States.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Financial Services
  • Stage:Seed, Series A
  • Geography: United States, Singapore, India

Investor stats

  • Total investments: 606
  • Round size: Seed $2M–$15M; Series A $6.7M–$41M
  • Lead/follow: 7% lead, 93% follow
  • Last fund: May invest from a new fund soon — raised $15M in 2018

Portfolio highlights

  • D3 — D3 - DNS Domains for Web3
  • Stablecorp — Stablecorp is igniting a "step-function" improvement in financial services with our suite of products.
  • Subzero Labs — Subzero Labs is developing Rialo, a developer-first Layer 1 blockchain built for internet-scale decentralized applications.
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Concentric
VC Fund · London, England, United Kingdom · 1 investments in Finland Blockchain startups

We partner with sector-defining founders across Europe to create new technologies that disrupt the status quo and solve the problems that matter.

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Investment focus

  • Industry: Financial Services, Software, Bitcoin
  • Stage:Seed, Series A, Series B
  • Geography: United Kingdom, United States, Germany

Investor stats

  • Total investments: 96
  • Round size: Seed $849k–$5.8M; Series A $1.7M–$25M; Series B $1.6M–$225M
  • Lead/follow: 34% lead, 66% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Pockit — Open a prepaid account in 3 minutes online or in-app, get your contactless prepaid card in 2 working days with no credit check.
  • Visium — We help companies unlock transformative and sustainable impact through artificial intelligence; delivering enterprise AI strategy, platforms & MLOps that scale securely and drive measurable ROI.
  • Paypercut — Paypercut is a fintech startup that allows small and mid-scaled merchants to offer Buy Now, Pay Later at checkout via a single integration.
Show all investments...

Access 48,091 investors

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

Browse database — It's Free!
Avery Pennarun
Angel · Montreal, Quebec, Canada · 1 investments in Finland Blockchain startups

Avery Pennarun is based out of Montreal, Quebec, and is the CEO and Co-Founder of Tailscale. Avery previously worked at Net Integration Technologies as a Co-founder and Chief Scientist. Avery Pennarun attended the University of Waterloo.

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Investment focus

  • Industry: Software, Blockchain, Web Development
  • Stage:Seed
  • Geography: Finland

Investor stats

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

Portfolio highlights

  • Tangled — The next-generation social coding platform.
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Sapphire Ventures
VC Fund · Palo Alto, California, United States · 1 investments in Finland Blockchain startups

Sapphire Ventures partners with enterprise AI founders building companies of consequence.

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Investment focus

  • Industry: Software, Information Technology, Enterprise Software
  • Stage:Series D, Series C, Series B
  • Geography: United States, Germany, United Kingdom

Investor stats

  • Total investments: 304
  • Round size: Series B $10M–$120M; Series C $13M–$200M; Series D $13M–$201M
  • Lead/follow: 36% lead, 64% follow
  • Last fund: Likely still investing — raised $181M in 2023

Portfolio highlights

  • Side — Side's real estate brokerage platform empowers top-producing agents to own their own companies without the burden of operating a brokerage.
  • Horizon3.ai — Horizon3.ai's mission is to help you find and fix your attack vectors before criminals exploit them. NodeZero, our automated penetration testing solution, enables organizations to continuously assess the security posture of their enterprise, including external, identity, on-prem, IoT, and cloud attack surfaces. Like APTs, ransomware, andother threat actors, our algorithms discover and fingerprint your attack surface, identifying the ways exploitable vulnerabilities, misconfigurations, harvested credentials, and dangerous product defaults can be chained together to facilitate a compromise. NodeZero is a true self-service SaaS offering that is safe to run in production and requires no persistent or credentialed agents. You will see your enterprise through the eyes of the attacker, identify your ineffective security controls, and ensure your limited resources are spent fixing problems that can actually be exploited. Founded in 2019 by industry, US Special Operations, and US National Security veterans, Horizon3.ai is headquartered in San Francisco, CA, and made in the USA.
  • Chai Discovery — Building frontier artificial intelligence to predict and reprogram the interactions between biochemical molecules.
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Sami Honkonen
Angel · Helsinki, Southern Finland, Finland · 1 investments in Finland Blockchain startups

Sami Honkonen - Founder and CEO @ Tomorrow Labs

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Investment focus

  • Industry: Software, Blockchain, Web Development
  • Stage:Seed
  • Geography: Finland

Investor stats

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

Portfolio highlights

  • Tangled — The next-generation social coding platform.
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Marten Mickos
Angel · San Francisco, California, United States · 1 investments in Finland Blockchain 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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Leena Niemistö
Angel · Helsinki, Southern Finland, Finland · 1 investments in Finland Blockchain 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: 19
  • Round size: Seed $480k–$3.4M
  • Lead/follow: 16% lead, 84% follow

Portfolio highlights

  • Vapaus — A circular economy startup Vapaus provides sustainable mobility solutions – Employee benefit bicycles and shared electric vehicles as a ready-to-use serviceWith its services, Vapaus supports customers’ to create and strengthen a better experience of the work community, to save on the costs of commuting and business travels, and to move towardssmarter and more environmentally friendly modes of transport, both at work and in employees’ leisure time.Every kilometer traveled by the Vapaus mobility solution removes carbon dioxide from the air, helping not only the environment but also customers on their way to carbon neutrality. The mission of Vapaus is to be a global leader when it comes to sustainable Corporate Mobility.
  • 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
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Courage Ventures Management
VC Fund · Helsinki, Southern Finland, Finland · 1 investments in Finland Blockchain startups

Courage Ventures is a seed investment fund with global networks. The fund focuses on health, education and environment verticals where its partners and advisors can add significant value to the companies’ growth.

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Investment focus

  • Industry: Health Care, Apps, Web3
  • Stage:Seed, Pre-Seed
  • Geography: Finland, United States

Investor stats

  • Total investments: 9
  • Round size: Seed $250k–$3.4M
  • Lead/follow: 56% lead, 44% follow

Portfolio highlights

  • Rens Original — RENS Original is the World's First Sneaker made from recycled coffee and plastic. We know you've been drinking it, now it is time to wear it.
  • Equally — Build engaging games for kids that encourage physical activity, personal development and exploration. Provide parents the data and oversight they need to reward positive behavior.
  • Meru Health — Meru Health is an online mental health provider that helps people improve their mental health long-term by treating depression, anxiety, and burnout.
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Wintermute
VC Fund · London, England, United Kingdom · 1 investments in Finland Blockchain startups

A leading algorithmic trading firm focused on building liquid and efficient markets in digital assets.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Financial Services
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: United States, Singapore, Cayman Islands

Investor stats

  • Total investments: 91
  • Round size: Seed $3M–$18M; Series A $5M–$50M; Venture - Series Unknown $5M–$20M
  • Lead/follow: 4% lead, 96% follow
  • Last fund: Likely still investing — raised $20M in 2021

Portfolio highlights

  • BULK Trade — One Exchange Infinite Markets
  • Pave Bank — The world's first multi-asset and programmable bank
  • Nova Markets — The next billion-dollar market starts here. Powered by @HyperliquidX
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C2 Ventures
VC Fund · New York, New York, United States · 1 investments in Finland Blockchain startups

Bridging the gap between founders and capital through content, connections and experience.

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Investment focus

  • Industry: Software, SaaS, Information Technology
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Canada, Finland

Investor stats

  • Total investments: 102
  • Round size: Seed $1M–$5M; Pre-Seed $120k–$2M; Series A $5M–$18M
  • Lead/follow: 7% lead, 93% follow
  • Last fund: Likely still investing — raised $20M in 2022

Portfolio highlights

  • Cylerity — Transform healthcare receivables into real-time capital. Cylerity unlocks cash flow, clarity, and control from claims data. See how it works.
  • Pavewise — Revolutionizing Road Construction Management Optimizing Road Construction Projects with Smart Management Tools Pavewise is a management and solution softwar ...
  • Avol Aerospace — Avol Aerospace is a startup that develops autonomous electric aircraft specifically for time-critical cargo delivery. The company’s service focuses on delivering medical-logistics shipments—such as blood, stem cells, tissues, or lab specimens—between healthcare centers, enabling pickup in 30 minutes or less and costs comparable to or below groundtransport. Avol’s proprietary aircraft use a blended-wing design to maximize cargo volume and reduce cost per flight, aiming to provide zero-emissions, high-efficiency alternatives for critical logistics.
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Ilkka Paananen
Angel · Helsinki, Southern Finland, Finland · 1 investments in Finland Blockchain startups

Ilkka Paananen, is the CEO and co-founder of Supercell, the Helsinki-based mobile games developer behind Clash of Clans, Hay Day, Boom Beach, Clash Royale and Brawl Stars. Since its founding in 2010, Supercell's five games have amassed 100m daily players and remain in the global top 10 years after launch. In June 2016, Supercell became thefirst European technology start-up to reach a valuation of $10 billion.In addition to his role at Supercell, Ilkka helps other entrepreneurs as both an investor and as an active member of the Nordic startup community where he mentors and coaches other founders. Alongside his co-founder Mikko Kodisoja, he has established the We Foundation to fight social inequality and help disadvantaged children in Finland.Prior to founding Supercell, he was the CEO & co-founder of Finnish games developer Sumea, which was later acquired by Digital Chocolate, where he worked as President until 2010. Ilkka holds a Master of Science degree from the Helsinki University of Technology.

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Investment focus

  • Industry: Software, Artificial Intelligence, FinTech
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Finland, United States, United Kingdom

Investor stats

  • Total investments: 63
  • Round size: Seed $2.5M–$16M; Pre-Seed $1.2M–$2.7M; Series A $8M–$65M
  • Lead/follow: 2% lead, 98% follow

Portfolio highlights

  • CodeWords — CodeWords is a technology startup working on AI systems for workflow automation. Their platform CodeWords lets anyone create automations and AI workflows by chatting with AI. Agemo's technology is designed to build code-based workflows and systems that can autonomously reason through software.
  • Qutwo — We unite Qutwo OS and world-class AI and quantum scientists with the most forward-looking enterprises to develop competitive edge through classical AI, hybrid, and full quantum systems. We tackle the most challenging problems in AI computing.
  • Lovable — Build apps, websites, and digital products faster using Lovable's AI-powered platform, no deep coding skills required.
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Ben Feder
Angel · New York, New York, United States · 1 investments in Finland Blockchain startups

Ben Feder is an accomplished and creative and entrepreneur and investor, with a long and proven track record in the media and telecommunications sector. He has held pubic company board positions in Japan and the United States. Ben is co-founder of ZelnickMedia, a successful private equity firm in the U.S.that focuses on the media andcommunications industries; and he is formerly the CEO of Take Two Interactive, a $2 billion public video game company that develops and publishes video games such as Grand Theft Auto, NBA 2K, and Civilization.

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Investment focus

  • Industry: Gaming, Web3, Shoes
  • Stage:Seed, Series C
  • Geography: Finland, United States, Singapore

Investor stats

  • Total investments: 7
  • Round size: Seed $3M–$6M; Series C $13M–$16M
  • Lead/follow: 29% lead, 71% follow

Portfolio highlights

  • Rens Original — RENS Original is the World's First Sneaker made from recycled coffee and plastic. We know you've been drinking it, now it is time to wear it.
  • 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.
  • Armada Interactive — We are a Helsinki-based gaming startup that develops PvP mobile games
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Aleksander Leonard Larsen
Angel · 1 investments in Finland Blockchain startups

Aleksander Leonard Larsen is the Co-Founder and COO at Sky Mavis.

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Investment focus

  • Industry: Gaming, Blockchain, Video Games
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Norway, Denmark, Singapore

Investor stats

  • Total investments: 20
  • Round size: Seed $1.6M–$8.2M; Series A $20M–$60M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Makina — The DeFi Execution Engine. Community Chat: https://t.co/ngGchIzFrU Support: https://t.co/LSN1rdkqYC
  • Pixels — Pixels is a play-to-earn MMO game built around the NFT assets you already own. Build your NFT a home in the metaverse and get farming.
  • Lens Protocol — Lens Protocol is a composable and decentralized social graph, ready for you to build on so you can focus on creating a great experience, not scaling your users.
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Maki.vc
VC Fund · Helsinki, Southern Finland, Finland · 1 investments in Finland Blockchain startups

We partner with deep tech and brand-driven companies obsessed in challenging category norms. The Nordics are our home, but we take on a global front in spotting the unexpected - from B2B to B2C, with a sweet spot for scientific advances, strong IP, and customer understanding that looks beyond convention.We invest in early stage companies: fromtheir inception to series A and beyond. We share in the vision of founders as champions and challengers, drawing on our experiences from scaling some of the strongest tech companies ourselves.

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Investment focus

  • Industry: Software, E-Commerce, Information Technology
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Finland, Norway, Denmark

Investor stats

  • Total investments: 102
  • Round size: Seed $948k–$8.3M; Pre-Seed $834k–$2.7M; Series A $3.3M–$37M
  • Lead/follow: 46% lead, 54% follow
  • Last fund: Likely actively investing — fund raised in 2024

Portfolio highlights

  • Aavuus — Aavuus is building a global network of ground-based laser stations to detect and track space debris with high precision.
  • Disior — At Disior, we build software to measure and model tissue structures in CT- and MRI-images for better diagnosis and treatment planning.Our solutions are for clinical use. They enable fast, accurate and reproducible measuring for diagnostics and patient-specific, optimized treatment planning. Based on mathematical modelling, Disior algorithmsextract the correct shape or structure from the medical image. This way, the software is not dependent on finding familiar structures or comparing something to reference data. We combine engineering and R&D talent with medical and biotechnology professionals. Our team brings together decades of experience in creating world’s best simulation and modelling systems from smartphone R&D; clinicians and researchers in maxillofacial and orthopedics; and technology innovation and commercialization.For demo, pilots and research projects, please contact Anna-Maria Henell, CEO: +358 50 483 6433 / anna-maria (at) disior.com
  • Quanscient — Quanscient develops multiphysics simulation software utilizing quantum computing algorithms to improve simulation technology. Its Computer Aided Engineering (CAE) platform integrates a unique combination of cloud-native multiphysics solvers, advanced cloud computing, and future quantum integration. The platform also offers engineers over ahundredfold increase in simulation throughput to enable fully digital R&D processes, addressing complex technology challenges in industries like fusion energy, 6G/7G, advanced semiconductors, biomedical, automotive, and aerospace.
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Trung Nguyen
Angel · 1 investments in Finland Blockchain startups

Trung Nguyen CEO at Axie Infinity. He attended FPT University during 2010-2017.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Web3
  • Stage:Seed, Pre-Seed, Series B
  • Geography: Singapore, Canada, Finland

Investor stats

  • Total investments: 8
  • Round size: Seed $3.2M–$5.4M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Moku — Worshipping a mischievous Moki with big balls and a small brain. 8887 NFTs, 900+ traits, 3 epic games.
  • RISE Labs — RISE is a high-performance Ethereum L2 where orderbooks are a native primitive. Purpose-built for onchain financial markets. Secured by Ethereum.
  • Bitlayer — Bitlayer is the first Bitcoin second-layer network, based on BitVM, offering ultra-scalability and L1 security, aiming to be Bitcoin's computing layer.
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Sebastien Borget
Angel · San Francisco, California, United States · 1 investments in Finland Blockchain startups

Sebastien Borget is based out of Paris, Île-de-France and serves as the Global Ambassador of The Sandbox. Sebastien attended The Chinese University of Hong Kong.

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Investment focus

  • Industry: Blockchain, Gaming, Cryptocurrency
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, France, Estonia

Investor stats

  • Total investments: 87
  • Round size: Seed $1.1M–$9M; Pre-Seed $250k–$7M; Series A $5M–$60M
  • Lead/follow: 5% lead, 95% follow

Portfolio highlights

  • Rocapine — We craft apps that help people feel truly alive
  • VOYA Games — Voya Games is a Berlin-based game development studio. The company focuses on creating a network of interconnected Web3 games centered around player ownership and tokenized economies. Their flagship title, Craft World, is a casual resource management game set in a post-apocalyptic world where players collaborate with friendly dinosaurs to rebuildcivilization. Craft World integrates blockchain features such as NFTs and a utility token called Dyno Coin, enabling players to own, trade, and participate in a decentralized game economy.
  • Pacific Meta — Pacific Meta is a tech startup that creates a web3 platform with the goal of offering guidance to businesses using blockchain technology. The firm platform aids in the product's localization for the Japanese market and offers community management services, enabling businesses to promote themselves on social media platforms and work withinfluencers in the cryptocurrency space.
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Bain Capital Crypto
VC Fund · Boston, Massachusetts, United States · 1 investments in Finland Blockchain startups, 7 in the past 12 months

Bain Capital Crypto backs renegades and pioneers building the next generation of open internet infrastructure.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Software
  • Stage:Seed, Series A, Series B
  • Geography: United States, Germany, Finland

Investor stats

  • Total investments: 49
  • Round size: Seed $3.3M–$15M; Series A $9M–$55M; Series B $30M–$100M
  • Lead/follow: 59% lead, 41% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Variational — Go long or short with leverage on memecoins, DEX pairs, pre-launch tokens, points markets, and more.
  • Turnkey — Turnkey is an encryption service provider that offers secure APIs to manage private keys.
  • World Foundation — World is a new standard of trust for the internet - private proof of human, powerful financial infrastructure & the human-first experiences they enable.
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Thomas Dohmke
Angel · Seattle, Washington, United States · 1 investments in Finland Blockchain startups, 7 in the past 12 months

Thomas Dohmke is based out of Seattle, Washington, and is the Co-Founder and CEO of Entire. Thomas previously worked at GitHub as a CEO. Thomas Dohmke attended the University of Glasgow.

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Investment focus

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

Investor stats

  • Total investments: 20
  • Round size: Seed $3.5M–$14M; Pre-Seed $1.1M–$7M; Series A $12M–$120M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • imagi — Programming has never been this much fun! Learn to create with code, share your designs with friends on the imagiLabs app and customize your imagiCharm - a fun, easy-to-use, colorful, and educational toy for girls. Imagine it. Code it. Wear it.
  • Zaro — Your context, your governance, your data with apps and agents on top. Owned by you, live in hours.
  • Polar — With just words, automate quick to hours-long tasks like research, recruiting, sales, ops, running a business, and more
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DN Capital
VC Fund · Menlo Park, California, United States · 1 investments in Finland Blockchain startups

DN Capital is an early-stage venture capital firm that invests primarily in Europe and North America. The firm focuses on companies that plan to establish operations on both sides of the Atlantic, and strives to help its companies build international businesses. Founded in 2000, the company has operations in London and Silicon Valley. DN Capital’sprevious funds are top performers and the firm is one of the lead investors in companies such as Endeca (sold to Oracle), Shazam (one of the world’s leading mobile app), Auto1 (world's largest used car marketplace), Purplebricks (IPO London) and Quandoo (sold to Recruit).

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Investment focus

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

Investor stats

  • Total investments: 342
  • Round size: Seed $786k–$12M; Series A $4M–$25M; Series B $9M–$108M
  • Lead/follow: 24% lead, 76% follow
  • Last fund: May invest from a new fund soon — raised $300M in 2021

Portfolio highlights

  • bonify — Bonify, a Berlin based FinTech-Start-up, enables customers to benefit from their credit scoring and financial data. The company gives customers free and easy access to their credit score and let them upload additional relevant data. Then, it offers tools and personalized recommendations to help optimize the customer’s financial situation.Foundedin 2015 by key executives of McKinsey and Zalando, bonify has received significant funding from internationally leading VCs and successful entrepreneurs.
  • unique.ai — Automate personalized experiences to successfully transform your organization.
  • Contrast — Contrast is a video engagement platform that provides users with the tools to create, edit, distribute, and analyze videos. Their features include themes, hubspot integration, source tracking and UTM management, an on-demand experience, customizable emails, and reminders.
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Augmentum Fintech
VC Fund · London, England, United Kingdom · 1 investments in Finland Blockchain startups

Augmentum Fintech is Europe's leading publicly listed fintech fund. They invest in high-growth, unquoted fintech businesses in verticals including digital banking, asset and wealth management and financial services infrastructure.Europe's leading publicly listed fintech fund, Augmentum launched on the main market of the London StockExchange in early 2018, allowing their businesses to have access to flexible funding and support, unrestricted by conventional fund timelines.An investment in Augmentum enables investors to gain exposure to a focused portfolio of fast-growing and/or high potential private FinTech businesses based predominantly in the UK and wider Europe to deliver attractive risk-adjusted returns for shareholders.

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Investment focus

  • Industry: FinTech, Financial Services, Finance
  • Stage:Series A, Series B
  • Geography: United Kingdom, Israel, Germany

Investor stats

  • Total investments: 57
  • Round size: Series A $5.9M–$25M; Series B $20M–$60M
  • Lead/follow: 53% lead, 47% follow

Portfolio highlights

  • Lateral UK — Lateral exists solely to reinvent health and wealth goods for fit, energetic adults over the age of 60, and has no plans to stop.
  • Baobab — Protect your business against cyber attacks
  • Artificial Labs — Build your future placement and underwriting strategy with Artificial's pioneering technology.
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OXO Technologies Holding
VC Fund · Budapest, Budapest, Hungary · 1 investments in Finland Blockchain startups

OXO Technologies Holding is an investment firm in the tech sector in the CEE region. It includes a network of business angels as well as various financial and strategic investors as equity partners. The firm's investment policy targets the funding, partial or full buyout of early-stage tech ventures, accelerate their growth and marketexpansion and prepare them for subsequent funding rounds and exits.

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Investment focus

  • Industry: Software, Information Technology, FinTech
  • Stage:Seed, Series A, Post-IPO Equity
  • Geography: Hungary, Finland, United Kingdom

Investor stats

  • Total investments: 17
  • Round size: Seed $564k–$1.5M
  • Lead/follow: 12% lead, 88% follow

Portfolio highlights

  • iconicchain — iconicchain is on a mission to turn regulatory compliance into an automated, real time process. We disrupt the manual, sample based, Big Four consulting dominated approach by using private, distributed ledgers / blockchains shared between regulated companies, auditors, and regulators.
  • Blue Colibri — With the Blue Colibri App and engage your workforce! Our cloud based, secure multi platform solution creates a meaningful connection with your non-desk colleagues.
  • Gloster Infokommunikációs Nyrt. — Gloster Infokommunikációs Nyrt is a provider of business network solutions and multi-layered IT services. The company's product and service offerings include network infrastructure, network security, cutting-edge monitoring and collaboration solutions, and the intelligent building business. They also provide IT engineering design andinstallation, cyber protection, private cloud, and proactive monitoring services to its customers as part of its business. Companies' IT infrastructure must be highly available while also dealing with rapidly changing and increasingly frequent cyberattacks.
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BlackFin Capital Partners
VC Fund · Paris, Ile-de-France, France · 1 investments in Finland Blockchain startups

BlackFin Capital Partners is the leading pan-European Financial Services PE Platform. The team consists of +35 experienced professionals from several nationalities.

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Investment focus

  • Industry: Financial Services, FinTech, Software
  • Stage:Series A, Private Equity, Series B
  • Geography: France, Germany, Denmark

Investor stats

  • Total investments: 78
  • Round size: Series A $5.5M–$19M; Series B $10M–$108M
  • Lead/follow: 53% lead, 47% follow
  • Last fund: Likely still investing — raised $410M in 2022

Portfolio highlights

  • Friss — Industry's first Trust Automation platform for P&C Insurers. Our solutions help P&C insurance carriers automate trust throughout the policy lifecycle.
  • ETFbook — ETFbook provides an information and analytic platform focused on exchange-traded funds (ETFs). It offers data, analytics, and insights to help users make informed decisions about fund selection, trading possibilities, and expense ratios. The platform is designed to broaden the effective use of ETFs by providing comprehensive tools and dashboardsfor analysis.
  • Wealthcome — Wealthcome has created a technological ecosystem for all players involved in wealth management, private management, and personal finance management. Our objective is straightforward: to make all phases of asset monitoring, analysis, and optimization accessible, simple, enjoyable, and exact.
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822 industries, 177 countries. Updated daily. Emails and phones included.

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Jabre Capital
VC Fund · Dubai, Dubai, United Arab Emirates · 1 investments in Finland Blockchain startups

Established in 2006 by Philippe Jabre, we are focussed on private wealth management and private equity investment. Based in Geneva, Switzerland.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Web3
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Switzerland, United Kingdom, The Netherlands

Investor stats

  • Total investments: 8
  • Round size: Seed $2M–$10M; Pre-Seed $50k–$1.4M; Series A $10M–$25M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • D2X Group — Trade digital asset options and futures on the EU-regulated market infrastructure for institutions.
  • Exabits AI — Exabits' network of GPUs ranges from consumer-grade to H100s, offering the most cost-effective compute because we are obsessed with innovating performance.
  • MYSO Finance — MYSO is leveraging a unique DeFi lending primitive known as Zero-Liquidation Loans, enabling scalable and cost-efficient credit markets with no liquidation risk
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Woorton
VC Fund · Paris, Ile-de-France, France · 1 investments in Finland Blockchain startups

We provide liquidity globally to the digital asset industry. Woorton is an algorithmic trading desk enabling liquidity for the next wave of digital assets.

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Investment focus

  • Industry: Lending, Blockchain, Cryptocurrency
  • Stage:Series A
  • Geography: Finland

Investor stats

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

Portfolio highlights

  • Tesseract — Tesseract offers digital asset yield two ways: Dedicated Client Vaults from Tesseract Investment Oy, a MiCA-authorized CASP, and lending run by Tesseract Earn Oy.
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Goldman Startups
VC Fund · 1 investments in Finland Blockchain startups

This domain used to be connected to a Wix website. Learn how to reconnect it, or create your own website.

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Investment focus

  • Industry: SaaS, Web3, Gaming
  • Stage:Seed, Pre-Seed, Equity Crowdfunding
  • Geography: Turkey, Finland

Investor stats

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

Portfolio highlights

  • Meloknows — Meloknows is a mobile application that provides a marketplace for beauticians and hairdressers to provide beauty services.
  • Abonesepeti — Abonesepeti is a subscription management platform that helps you subscibe, manage and unsubscribe your subscriptions in one app. The company offers its members a unique understanding of their subscriptions and a suite of valuable services that save them time and money. Members can manage subscriptions, lower their bills, build budgets andautomatically set aside money to reach their savings goals. - Managing Subscriptions : Plan, monitor and optimize all your subscriptions in one place. - Canceling subscriptions : Your concierge is there when you need them to cancel unwanted subscriptions so you don't have to. - Spending Insights : Track spending across all of your subscriptions in one screen - Paying Bills : We’ll alert and push notifications for you and you can pay your bill easily - AutoPilot Savings : Turn on autopilot to save money without thinking about it. Abonesepeti learns your subscriptions and offers the right subscriptions at the right time. - Comparing Brands: Compare service providers and easily subscribe
  • Bloklab Limited — Experience the future of poker in our AI-enhanced VR metaverse. Play, earn, and socialize in the most immersive blockchain gaming platform.
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Timo Soininen
Angel · Zürich, Zurich, Switzerland · 1 investments in Finland Blockchain startups

Timo Soininen is the co-founder at Small Giant Games. Timo Soininen is the CEO and co-founder of Small Giant Games, maker of the hit game Empires & Puzzles. Small Giant joined Zynga, Inc (ZNGA) in December 2018, when Zynga acquired 80% of Small Giant at $700M valuation. Prior to Small Giant he was the longtime CEO of Habbo Hotel and is also anactive angel investor in several technology startups ranging from biomaterials and digital health to games (Spinnova, Aiforia, Critical Force). Timo holds a M.Sc. degree in Marketing from Helsinki School of Economics/Aalto University and just loves tennis.

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Investment focus

  • Industry: FinTech, Software, Gaming
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Finland, Sweden, United States

Investor stats

  • Total investments: 13
  • Round size: Seed $2.2M–$16M; Pre-Seed $828k–$2M
  • Lead/follow: 8% lead, 92% follow

Portfolio highlights

  • Studio 555 — Redefining digital interior design with unrivaled technology, UX and visual fidelity
  • Minit Games — Minit Games provides bite-sized, instantly playable HTML5 games in a tailored, algorithmically driven feed.
  • Seven Stars — De perfecte match in IT. Die maken wij. Als IT-flex regisseur en specialist in IT-bemiddeling verbinden we professionals met de beste IT-opdrachten. Snel, soepel en zonder gedoe. We make IT spark.
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Tesi
VC Fund · Helsinki, Southern Finland, Finland · 1 investments in Finland Blockchain 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: 152
  • Round size: Series A $2.4M–$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.
  • Vexlum — A #laser company providing high-power #VECSELs for #QuantumTechnology
  • CurifyLabs — CurifyLabs enables 3D printed personalized medicines in pharmacies and hospitals. Always close to the patient.
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Risto Siilasmaa
Angel · Helsinki, Southern Finland, Finland · 1 investments in Finland Blockchain startups

Risto Siilasmaa is based out of Helsinki, Southern Finland and is the Board of Direcctor of Donut Lab. He previously worked as Founder of F-Secure. Risto Siilasmaa attended Aalto University.

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Investment focus

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

Investor stats

  • Total investments: 24
  • Round size: Seed $1.7M–$29M; Pre-Seed $228k–$393k; Series A $1.3M–$13M
  • Lead/follow: 42% lead, 58% follow

Portfolio highlights

  • Inven — Save time by using AI to find companies. Inven scans millions of websites to provide comprehensive data on companies similar to your search criteria.
  • Donut Lab — Redefining Electric Mobility Across All Industries. World's First Complete Electric Vehicle (EV) Hardware Platform With Unified Software.
  • The Upright Project — Upright enables smarter decision-making for investors, companies and governments by quantifying the net impact of companies.
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Estlander & Partners
VC Fund · 1 investments in Finland Blockchain startups

Investments

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Investment focus

  • Industry: Lending, Blockchain, Cryptocurrency
  • Stage:Pre-Seed
  • Geography: Finland

Investor stats

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

Portfolio highlights

  • Tesseract — Tesseract offers digital asset yield two ways: Dedicated Client Vaults from Tesseract Investment Oy, a MiCA-authorized CASP, and lending run by Tesseract Earn Oy.
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Wintermute Ventures
VC Fund · London, England, United Kingdom · 1 investments in Finland Blockchain startups, 10 in the past 12 months

Wintermute Ventures is an investor dedicated to supporting innovation in the blockchain ecosystem.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Financial Services
  • Stage:Seed, Series A
  • Geography: United States, Singapore, United Kingdom

Investor stats

  • Total investments: 115
  • Round size: Seed $2.7M–$20M; Series A $7.6M–$50M
  • Lead/follow: 7% lead, 93% follow

Portfolio highlights

  • UnblockPay
  • Morpho Labs — Morpho is an open credit network that connects lenders and borrowers to the best possible opportunities worldwide.
  • Velocity — Velocity provides a unified platform for efficiently moving and managing funds across both traditional banks and blockchains.
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Jeffrey Zirlin
Angel · 1 investments in Finland Blockchain startups

Jeffrey Zirlin is the Co-Founder and Growth Lead at Sky Mavis.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Gaming
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, Brazil, Canada

Investor stats

  • Total investments: 15
  • Round size: Seed $2.6M–$5.4M; Series A $10M–$25M
  • Lead/follow: 7% lead, 93% follow

Portfolio highlights

  • Play AI — The Orchestration Layer for Crypto x AI
  • Metagood — Metagood is the operating layer for tokenized assets across their full lifecycle: compliance, transfer rules, entitlements, corporate actions, and audit.
  • VOYA Games — Voya Games is a Berlin-based game development studio. The company focuses on creating a network of interconnected Web3 games centered around player ownership and tokenized economies. Their flagship title, Craft World, is a casual resource management game set in a post-apocalyptic world where players collaborate with friendly dinosaurs to rebuildcivilization. Craft World integrates blockchain features such as NFTs and a utility token called Dyno Coin, enabling players to own, trade, and participate in a decentralized game economy.
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Renaldas Zioma
Angel · Vilnius, Vilniaus Apskritis, Lithuania · 1 investments in Finland Blockchain startups

Renaldas Zioma

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Investment focus

  • Industry: Internet, Artificial Intelligence, Software
  • Stage:Angel, Pre-Seed, Convertible Note
  • Geography: Lithuania, Finland, United States

Investor stats

  • Total investments: 9
  • Round size: Angel $85k–$2.1M; Pre-Seed $219k–$1.7M; Convertible Note $352k–$1.2M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Sort A Brick — Sort A Brick transforms your Toy Bricks into endless building experiences
  • Ver.iD — Streamline your user onboarding, verify user credentials, and enjoy seamless Single Sign-On with all identity apps.
  • PIXEVIA — PIXEVIA - AI for retail. Our flagship product - fully autonomous stores, powered by AI, cameras, and sensors. You simply walk in, take what you want, and go.
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Blockchain Investor funding in Finland at a glance

Stats across 15 deals from 45 investors.

45
investors
in Finland Blockchain startups
15
deals
in Finland Blockchain startups
$700k
median round
in Finland Blockchain startups
24%
lead investors
lead at least one round
40%
Seed
most common funding stage
67/33
VC / Angel
share of investor count

Access all 45 investors in Finland Blockchain startups.

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