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Top 50 Energy Startup Investors in Finland (July 2026)

The most active venture capital funds and angel investors investing in Finland Energy startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Finland Energy startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Lifeline Ventures
VC Fund
17 Finland, United States, United Kingdom Seed, Series A Software, Health Care, E-Commerce $547k–$20M
Business Finland
VC Fund
12 Finland, United States, United Kingdom Grant, Seed, Debt Financing Software, Biotechnology, SaaS $53k–$10M
Tesi
VC Fund
10 Finland, United States, Switzerland Series A, Series B Software, Manufacturing, Health Care $2.2M–$41M
Finnvera Venture Capital
VC Fund
9 Finland, United States, Chile Seed, Series A Software, Health Care, Information Technology $250k–$22M
Butterfly Ventures
VC Fund
8 Finland, Sweden, Norway Seed, Pre-Seed Health Care, Software, Information Technology $110k–$4.3M
Finnish Climate Fund
VC Fund
7 Finland Debt Financing, Series A Energy, Renewable Energy, Manufacturing $2.6M–$14M
Voima Ventures
VC Fund
6 Finland, Sweden, Norway Seed, Pre-Seed, Series A Biotechnology, Health Care, Artificial Intelligence $439k–$30M
Superhero Capital
VC Fund
5 Finland, Lithuania, Estonia Seed, Pre-Seed, Series A Software, Information Technology, Internet $212k–$8.2M
Stephen Industries
VC Fund
5 Finland, Sweden Seed, Series A, Pre-Seed Software, Health Care, Biotechnology $330k–$45M
Valve Ventures
VC Fund
4 Finland Seed, Series A Energy, CleanTech, Oil and Gas $1.1M–$30M
Wave Ventures
VC Fund
4 Finland, Sweden, Germany Pre-Seed, Seed Software, Internet, Information Technology $183k–$3.4M
Nidoco
VC Fund
4 Finland, Sweden, Estonia Seed, Series A Software, Health Care, Apps $327k–$2.7M
Redstone.VC
VC Fund
3 Germany, Finland, Switzerland Seed, Series A, Pre-Seed Software, Information Technology, Health Care $505k–$17M
VTT Ventures
VC Fund
3 Finland Seed, Series A Biotechnology, Manufacturing, Sensor $460k–$13M
Antler
VC Fund
3 Singapore, Australia, United Kingdom Pre-Seed, Seed, Series A Software, Artificial Intelligence, Information Technology $108k–$28M
Innovestor
VC Fund
3 Finland, Sweden, Denmark Seed, Pre-Seed Software, Health Care, Information Technology $204k–$4.5M
Holdix Oy Ab
VC Fund
3 Finland Seed, Series A Energy, Seafood, Recycling $1.9M–$45M
Springvest
VC Fund
3 Finland Series A, Seed Biotechnology, Health Care, Energy $1.6M–$53M
2C Ventures
VC Fund
3 Estonia, Finland, Italy Pre-Seed, Seed Software, Renewable Energy, SaaS $1M–$4.2M
UB FIGG
VC Fund
3 Finland, United Kingdom Series A, Venture - Series Unknown Packaging Services, Chemical, Forestry $4.9M–$30M
Grid.vc
VC Fund
3 Finland, Estonia Seed, Pre-Seed Energy, Renewable Energy, SaaS $20k–$6.1M
Leena Niemistö
Angel
2 Finland, United States Seed, Pre-Seed Health Care, Software, E-Commerce $480k–$3.2M
Emerald Technology Ventures
VC Fund
2 United States, Germany, Finland Series B, Series A Manufacturing, Software, Energy
Failup Ventures
VC Fund
2 Finland, United States, Sweden Seed, Pre-Seed Software, Artificial Intelligence, E-Commerce $500k–$18M
Bragiel Brothers
VC Fund
2 United States, Finland, Japan Seed, Series A, Pre-Seed Software, Information Technology, FinTech $255k–$68M
Turret Oy
VC Fund
2 Finland Seed, Series A Energy, Farming, Seafood $2.7M–$45M
Inventure
VC Fund
2 Finland, Sweden, United States Seed, Series A, Series B Software, Information Technology, Health Care $549k–$25M
Sitra
VC Fund
2 Finland, The Netherlands Series A, Series C Health Care, Biotechnology, Therapeutics
Maki.vc
VC Fund
2 Finland, Norway, Denmark Seed, Series A, Pre-Seed Software, E-Commerce, Information Technology $900k–$37M
Ali Omar
Angel
2 Finland, United States, Estonia Seed, Pre-Seed, Angel Software, SaaS, Artificial Intelligence $53k–$2.1M
Vantaan Energia
VC Fund
2 Finland, Sweden Seed, Private Equity, Venture - Series Unknown Automotive, Electronics, Mobile Apps $2M–$4.4M
Born2Grow
VC Fund
2 Germany, Finland, United States Seed, Series A, Series B Software, Medical, Health Care $1.1M–$6M
Kiilto Ventures
VC Fund
2 Finland, Portugal Seed, Pre-Seed Construction, CRM, Hospital $823k–$2.2M
Fazer
VC Fund
2 Finland Series A, Series B Biotechnology, Food Processing
Taaleri Bioindustry
VC Fund
2 Finland, The Netherlands Series A, Series B Building Material, Dairy, Chemical $2.6M–$11M
Nefco
VC Fund
2 Finland, Sweden, Denmark Debt Financing, Post-IPO Debt Energy, CleanTech, Sustainability $1.8M–$8.4M
COREangels Lisbon
VC Fund
2 Portugal, Finland, United Kingdom Seed, Pre-Seed, Angel Artificial Intelligence, Software, Marketing $83k–$2.7M
Mika Ihamuotila
Angel
2 Finland Seed, Post-IPO Equity Sustainability, FinTech, Internet
PeakBridge
VC Fund
2 Israel, United States, United Kingdom Series A, Seed, Series B Food and Beverage, Health Care, Food Processing $571k–$50M
Risto Siilasmaa
Angel
2 Finland, Sweden, Estonia Seed, Series A, Pre-Seed Software, Information Technology, SaaS $228k–$29M
David Helgason
Angel
2 United States, Denmark, Finland Seed, Series A, Pre-Seed Software, Gaming, Information Technology $1k–$30M
Übermorgen Ventures
VC Fund
2 Germany, Switzerland, Finland Seed, Pre-Seed, Series A Software, Energy, Renewable Energy $300k–$12M
OMV Petrom
VC Fund
2 France, Finland, The Netherlands Series A, Private Equity, Corporate Round Fuel, Energy, Clean Energy $45M–$45M
Heraeus
VC Fund
2 Germany, China, Japan Seed, Corporate Round, Series A Manufacturing, Biotechnology, Therapeutics $4.4M–$8.5M
Nordic Investment Bank
VC Fund
2 Sweden, Finland, Norway Debt Financing, Post-IPO Debt Energy, Real Estate, Manufacturing $16M–$274M
PC Rettig & CO Impact
VC Fund
2 Finland Seed Mining, Robotics, 3D Printing $3.3M–$8.2M
True Ventures
VC Fund
2 United States, United Kingdom, Canada Seed, Series A, Series B Software, Information Technology, Artificial Intelligence $1.2M–$50M
Green Campus Innovations Oy
VC Fund
2 Finland Seed Energy, Battery, Biotechnology
Nordic Option
VC Fund
2 Finland Seed, Series C Software, Manufacturing, 3D Technology
Nordic Foodtech VC
VC Fund
2 Finland, Denmark, Sweden Seed, Series A, Pre-Seed Biotechnology, Food and Beverage, Life Science $549k–$18M
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Access 48,091 investors

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

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Investor list

Lifeline Ventures
VC Fund · Helsinki, Southern Finland, Finland · 17 investments in Finland Energy 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: 190
  • Round size: Seed $547k–$5.4M; Series A $2.7M–$20M
  • Lead/follow: 39% lead, 61% 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.
  • Thor Dynamics — Headquartered in Orlando, Florida, with a European base in Finland, Thor Dynamics specializes in directed energy systems for defense against drones and drone swarms. The company’s innovative solutions are available worldwide to protect critical infrastructure and enhance national security. Laser Armor™ is a complete directed energy counter-dronesolution. Utilizing advanced radar and optical systems it can detect, track, and target hostile targets. High-power directed energy from Thor’s Laser Engines then eliminates the threat in seconds. Multiple safety systems ensure accurate target identification and minimal collateral damage.
  • 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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Business Finland
VC Fund · Helsinki, Southern Finland, Finland · 12 investments in Finland Energy 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, Biotechnology, SaaS
  • Stage:Grant, Seed, Debt Financing
  • Geography: Finland, United States, United Kingdom

Investor stats

  • Total investments: 219
  • Round size: Seed $297k–$3.5M; Grant $53k–$10M; Debt Financing $241k–$6.7M
  • Lead/follow: 43% lead, 57% 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 — Coolbrook is a manufacturer of naphtha cracking-based reactors. Their technology is intended to replace the conventional steam cracker furnace in existing and new olefins plants, enabling petrochemical clients to get improved product yield and lower energy consumption.
  • 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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Tesi
VC Fund · Helsinki, Southern Finland, Finland · 10 investments in Finland Energy 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: 145
  • 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.
  • Vexlum
  • Wirepas — Wirepas offers a standards-based, ultra-reliable mesh connectivity for infrastructure-grade IoT. Proven in millions of devices worldwide.
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Finnvera Venture Capital
VC Fund · Kuopio, Eastern Finland, Finland · 9 investments in Finland Energy startups

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

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Investment focus

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

Investor stats

  • Total investments: 95
  • Round size: Seed $250k–$2.3M; Series A $1.7M–$22M
  • Lead/follow: 16% lead, 84% follow

Portfolio highlights

  • 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.
  • 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.
  • CHAOS — CHAOS is an urban forecasting company for real estate investors and city developers. Our AI platform processes urban data and crowd insights to forecast investment and development for creating liveable cities.
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Butterfly Ventures
VC Fund · Oulu, Oulu, Finland · 8 investments in Finland Energy 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: 87
  • Round size: Seed $373k–$2.1M; Pre-Seed $110k–$4.3M
  • Lead/follow: 41% lead, 59% follow

Portfolio highlights

  • Zenniz — Zenniz is an ITF approved game tracking solution that provides real-time info, such as automated line calling, stroke and serve speeds, shot charts, match statistics and more. Players and coaches at all levels can use Zenniz on and off the court to help improve their game. For tennis clubs, Zenniz is an easy and cost-effective way to upgrade to thenext level. Due to a new, innovative sensor technology, they’ve been able to keep the cost to a minimum, making Zenniz accessible for all clubs, coaches and players.
  • CooliBlade — Superior power electronics cooling solutions for applications like solar and wind energy, energy storage, EV charging and telecommunications.
  • Polar Light Technologies — Polar Light Technologies focuses on developing the next generation of Nano and micro LED technology.
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Finnish Climate Fund
VC Fund · Helsinki, Southern Finland, Finland · 7 investments in Finland Energy 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: 21
  • Round size: Debt Financing $2.6M–$14M
  • Lead/follow: 43% lead, 57% 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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Voima Ventures
VC Fund · Helsinki, Southern Finland, Finland · 6 investments in Finland Energy 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–$5.9M; Pre-Seed $439k–$2.1M; Series A $3.9M–$30M
  • Lead/follow: 64% lead, 36% follow

Portfolio highlights

  • Nucu — The Nucu Pad is a multisensory baby pad that soothes your baby to sleep with womb-like feelscapes.
  • 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.
  • Sofi Filtration — Innovation in Industrial Liquid Filtration
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Superhero Capital
VC Fund · Helsinki, Southern Finland, Finland · 5 investments in Finland Energy startups

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

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Investment focus

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

Investor stats

  • Total investments: 94
  • Round size: Seed $212k–$3.1M; Pre-Seed $618k–$1.8M; Series A $3.4M–$8.2M
  • Lead/follow: 54% lead, 46% follow
  • Last fund: May invest from a new fund soon — raised $35M in 2020

Portfolio highlights

  • Zadaa — We are the world’s first marketplace to make selling and buying secondhand as simple as in an online store. We have revolutionised C2C logistics regarding pricing and marketplace integration between multiple logistic companies operating on different markets. Zadaa is live on German, Danish and Finnish markets.
  • Creagent — Find designers. Screened & shortlisted. Easy, fast and cost-effective - the smart way of sourcing with AI.
  • Pricen — Pricen is an AI-driven dynamic pricing platform for retail and e-commerce. Used in over 32 countries, Pricen helps retail and e-commerce businesses to maximize profitability with an AI-driven pricing solution that intelligently optimizes product prices at every stage, from launch to markdown. The platform integrates seamlessly with your ERP, PIMand major e-commerce ecosystems.AI-Driven Pricing Pricing Simulator Pricing Automation Pricing Management Platfom
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Stephen Industries
VC Fund · Espoo, Southern Finland, Finland · 5 investments in Finland Energy startups

We fund futurebreakthroughs

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Investment focus

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

Investor stats

  • Total investments: 18
  • Round size: Seed $482k–$8.2M; Pre-Seed $330k–$4.3M; Series A $8.3M–$45M
  • Lead/follow: 22% lead, 78% follow

Portfolio highlights

  • AlixLabs — AlixLabs is a Swedish semiconductor startup, founded in 2019.
  • Anferra — Anferra specializes in hydrometallurgy, utilizing methods for resource-efficient recycling of steel industry waste into iron chloride.
  • Freepress.ai — Freepress operates with an AI-driven virtual news editor that analyzes hundreds of thousands of publicly available and licensed articles from different countries.
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Valve Ventures
VC Fund · Helsinki, Southern Finland, Finland · 4 investments in Finland Energy startups

Valve Ventures is a Helsinki-based angel and early-stage venture investor.

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Investment focus

  • Industry: Energy, CleanTech, Oil and Gas
  • Stage:Seed, Series A
  • Geography: Finland

Investor stats

  • Total investments: 9
  • Round size: Seed $1.1M–$1.8M; Series A $4.4M–$30M
  • Lead/follow: 11% lead, 89% 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.
  • QHeat — QHeat offers Clean geothermal energy solutions for sustainable built environments
  • Betolar — Betolar is a materials technology company that develops circular economy solutions for the mining, metals, and construction sectors by transforming industrial sidestreams and waste materials into valuable products. Its technologies support the production of low-carbon, cement-free construction materials and enable the recovery of critical andstrategic metals from industrial waste streams. The company provides material analysis, consulting, and recipe optimization services, utilizing digitalization, data platforms, and artificial intelligence to support research, development, and industrial applications. Betolar's solutions are designed to help reduce carbon emissions, decrease reliance on virgin raw materials, and improve the utilization of industrial byproducts. Its activities span construction materials, metal extraction technologies, and circular material solutions that support more resource-efficient industrial processes.
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Access 48,091 investors

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

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Wave Ventures
VC Fund · Helsinki, Southern Finland, Finland · 4 investments in Finland Energy startups

Founded in 2016, Wave Ventures is the largest student-run VC in Europe, backed by Nordic unicorn founders, investing in Gen Z entrepreneurs at the earliest stage. We operate both from Finland and Sweden with a team of five people from the top universities in the region.

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Investment focus

  • Industry: Software, Internet, Information Technology
  • Stage:Pre-Seed, Seed
  • Geography: Finland, Sweden, Germany

Investor stats

  • Total investments: 38
  • Round size: Seed $329k–$2.1M; Pre-Seed $183k–$3.4M
  • Lead/follow: 11% lead, 89% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • CRACI — CRACI is a platform that automates EU Cyber Resilience Act compliance for product and service companies. It also secures software supply chains against attacks and vulnerabilities.
  • CYBRET AI — CYBRET AI is an AI security research and development lab that develops autonomous security solutions with humans in and not in the loop.
  • Fika Jobs — is building a video-first hiring platform that combines AI interview agents with short-form video profiles.
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Nidoco
VC Fund · Stockholm, Stockholms Lan, Sweden · 4 investments in Finland Energy startups

Nidoco AB is a Swedish investment company whose strategy is to create long-term value through active ownership of public and private companies.

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Investment focus

  • Industry: Software, Health Care, Apps
  • Stage:Seed, Series A
  • Geography: Finland, Sweden, Estonia

Investor stats

  • Total investments: 25
  • Round size: Seed $327k–$2.7M
  • Lead/follow: 36% lead, 64% follow

Portfolio highlights

  • Betolar — Betolar is a materials technology company that develops circular economy solutions for the mining, metals, and construction sectors by transforming industrial sidestreams and waste materials into valuable products. Its technologies support the production of low-carbon, cement-free construction materials and enable the recovery of critical andstrategic metals from industrial waste streams. The company provides material analysis, consulting, and recipe optimization services, utilizing digitalization, data platforms, and artificial intelligence to support research, development, and industrial applications. Betolar's solutions are designed to help reduce carbon emissions, decrease reliance on virgin raw materials, and improve the utilization of industrial byproducts. Its activities span construction materials, metal extraction technologies, and circular material solutions that support more resource-efficient industrial processes.
  • TactoTek — Set your imagination free and create user experiences with the help of sustainable smart molded structures.
  • CHAOS — CHAOS is an urban forecasting company for real estate investors and city developers. Our AI platform processes urban data and crowd insights to forecast investment and development for creating liveable cities.
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Redstone.VC
VC Fund · Berlin, Berlin, Germany · 3 investments in Finland Energy startups, 23 in the past 12 months

The Redstone team is an international and diverse group of serial entrepreneurs, investors, investment professionals, tech analysts and data scientists.

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Investment focus

  • Industry: Software, Information Technology, Health Care
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Germany, Finland, Switzerland

Investor stats

  • Total investments: 174
  • Round size: Seed $505k–$8M; Pre-Seed $1M–$4.4M; Series A $1.6M–$17M
  • Lead/follow: 41% lead, 59% follow
  • Last fund: Likely still investing — raised $57M in 2023

Portfolio highlights

  • Nomerra — Nomerra operates a business-to-business software-as-a-service model providing an AI-native operating platform tailored for enterprise asset servicers and private market asset managers. The company’s core value proposition focuses on automating fragmented, document-heavy back-office workflows across fund accounting, treasury management, and transferagency functions by deploying specialized AI agents that integrate directly with existing ERPs, banking networks, and email systems. These autonomous agents execute end-to-end operational tasks and validate data while providing human teams with full audit trails, effectively shifting human responsibilities from manual data compilation to automated output review.
  • Talentir — Content Monetization
  • Waniwani — WaniWani develops AI infrastructure that helps companies distribute products and services through AI platforms such as ChatGPT, Claude, and Gemini. It enables AI storefronts, customer discovery, quoting workflows, analytics, and compliance monitoring for businesses using conversational AI channels.
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VTT Ventures
VC Fund · Espoo, Southern Finland, Finland · 3 investments in Finland Energy 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 — 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.
  • 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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Antler
VC Fund · Singapore, Central Region, Singapore · 3 investments in Finland Energy 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: 1820
  • Round size: Seed $186k–$4.6M; Pre-Seed $108k–$750k; Series A $4.6M–$28M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: Likely actively investing — fresh fund, raised $72M in 2024

Portfolio highlights

  • Agentio — Agentio's patent-pending ad platform empowers marketers to finally unlock scalable, creator-led advertising. Programmatically buy the highest quality creator and influencer ad reads to deliver unprecedented efficiency and performance.
  • Codis.io — COD LEGAL BLOG CONTACT US Areas We Serve California Florida TEXAS Ohio Trusted Insights on Birth Injury and Medical Negligence Law COD LEGAL BLOG is a dedicated legal information platform created to help readers understand complex legal matters in a clear and structured way. Click here to learn more. The legal system can often feel
  • Quantflo — Options market intelligence and structured trade planning for Indian markets.
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Innovestor
VC Fund · Helsinki, Southern Finland, Finland · 3 investments in Finland Energy 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, Sweden, Denmark

Investor stats

  • Total investments: 87
  • Round size: Seed $478k–$4.5M; Pre-Seed $204k–$2M
  • Lead/follow: 59% lead, 41% follow
  • Last fund: May invest from a new fund soon — raised $35M in 2020

Portfolio highlights

  • Jaakko.com — Reinventing the housing market with no agents, more homes, and less fees.
  • Retailgrid — Retailgrid is an AI-powered retail workspace that enables pricing, merchandising, and commercial teams to analyze data, run simulations, and make decisions in real time. Combining a flexible spreadsheet-like interface with AI agents, RetailGrid replaces fragmented tools and manual workflows with a single system for pricing optimization, promotionplanning, and assortment decisions. The platform connects to product, sales, and competitor data, automatically generates insights, and allows teams to test scenarios and deploy decisions at scale. RetailGrid is built for data-driven retailers looking to move faster and operate with the efficiency of top-tier consulting, without the cost or complexity.
  • Bahn Express — Bahn Express is a global car transportation company that supports independent contractors while offering quick and easy auto shipping throughout Europe.
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Holdix Oy Ab
VC Fund · Helsinki, Southern Finland, Finland · 3 investments in Finland Energy startups

Holdix Oy Ab is a Finnish family-owned investment company situated in Helsinki. Our investment policy is based on responsible and active ownership, long-term perspective, sustainable value creation, and environmental considerations.

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Investment focus

  • Industry: Energy, Seafood, Recycling
  • Stage:Seed, Series A
  • Geography: Finland

Investor stats

  • Total investments: 8
  • Round size: Seed $1.9M–$8.2M; Series A $30M–$45M
  • Lead/follow: 13% lead, 87% follow

Portfolio highlights

  • Fiberdom — Fiberdom develops sustainable materials from wood fibers, focusing on plastic-free solutions. The company offers a range of compostable cutlery designed for food service and take-away applications. These products are fully recyclable and comply with European regulations, making them suitable for environmentally conscious consumers. Fiberdomemphasizes innovation in transforming wood fibers into high-performance materials, contributing to sustainability efforts in various industries. The commitment to creating eco-friendly alternatives positions Fiberdom as a key player in the materials innovation sector.
  • Hailia Oy — We mainstream seafood sidestreams with technology that upcycles them into tasty food products.
  • Hycamite TCD Technologies — Hycamite is decarbonising industry using its proprietary methane pyrolysis technology. It provides its industrial clients with low-carbon hydrogen and sustainable carbon products for demanding applications.
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Springvest
VC Fund · Helsinki, Southern Finland, Finland · 3 investments in Finland Energy 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: 23
  • Round size: Seed $1.6M–$7.6M; Series A $3.6M–$53M
  • Lead/follow: 74% lead, 26% 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!
  • MedicubeX — MedicubeX aims to revolutionize preventive healthcare by building a network of autonomous self-measurement and telehealth eHealth Stations. We are the most advanced health kiosk and the first one in the Nordics. The eHealth Station offers regular clinical-grade medical check-ups for everyone regardless of location.
  • CurifyLabs — CurifyLabs enables 3D printed personalized medicines in pharmacies and hospitals. Always close to the patient.
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2C Ventures
VC Fund · Tallinn, Harjumaa, Estonia · 3 investments in Finland Energy startups

2C Ventures is an early-stage venture capital firm investing in European cleantech startups driving the energy transition and circular economy. Backing visionary founders tackling climate challenges.

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Investment focus

  • Industry: Software, Renewable Energy, SaaS
  • Stage:Pre-Seed, Seed
  • Geography: Estonia, Finland, Italy

Investor stats

  • Total investments: 11
  • Round size: Seed $1.2M–$4.2M; Pre-Seed $1M–$2.3M
  • Lead/follow: 73% lead, 27% follow

Portfolio highlights

  • GaltTec — GaltTec focuses on developing and marketing microtubular solid oxide fuel cells. GaltTec specializes in drones, off-grid equipment, IoT, portable devices, and space equipment. GaltTec was founded in 2022 and was headquartered in Tartu, Estonia.
  • Bisly — Bisly Scalable Building Automation reduces the overhead for building professionals and makes energy saving easy and affordable.
  • Nanordica Medical — Nanordica Medical develops novel nanoparticle-based antibacterial wound care products.
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UB FIGG
VC Fund · Helsinki, Southern Finland, Finland · 3 investments in Finland Energy startups

UB Forest Industry Green Growth Fund ("UB FIGG") is a private equity fund investing in companies focused on plastic and other fossil fuel based material replacements, higher value and more efficient use of wood and agricultural raw material side streams and greater use of these raw materials across a wide range of intermediate and enduses.Through its investments, the Fund helps the forest and bio-based industries to create solutions to mitigate climate change. UB FIGG is a signatory of Operating Principles for Impact Management and reports on the environmental and climate impact of its investments.

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Investment focus

  • Industry: Packaging Services, Chemical, Forestry
  • Stage:Series A, Venture - Series Unknown
  • Geography: Finland, United Kingdom

Investor stats

  • Total investments: 4
  • Round size: Series A $27M–$30M; Venture - Series Unknown $4.9M–$11M
  • Lead/follow: 100% lead, 0% follow
  • Last fund: Likely still investing — raised $129M in 2023

Portfolio highlights

  • Notpla — We are a combination of designers and chemists, engineers and entrepreneurs. We’re hard to define because what we’re doing hasn’t been done before. We create advanced packaging solutions that disappear, naturally.
  • Paptic — Paptic is manufacturing company that revolutionizes environmental new material, wood-based renewable and recyclable products replacing paper and plastic. Paptic Ltd was April 2015. The company is based in Espoo, Finland and employs today 10 persons.
  • 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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Grid.vc
VC Fund · Helsinki, Southern Finland, Finland · 3 investments in Finland Energy startups

Grid.vc is the first investor in superb teams disrupting the energy business.

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Investment focus

  • Industry: Energy, Renewable Energy, SaaS
  • Stage:Seed, Pre-Seed
  • Geography: Finland, Estonia

Investor stats

  • Total investments: 6
  • Round size: Seed $20k–$6.1M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Bioreactor — Bioreactor is a revolutionary technology that converts bio waste into clean energy through biomass gasification. It's a sustainable, efficient and cost-effective solution that addresses energy poverty, energy security and climate change. With the use of the latest technology in computational fluid dynamics, cloud-optimized digital twin anddeep learning algorithms, the Bioreactor can optimize its performance in real-time over a wide range of fuels and operating conditions. The Bioreactor is a game changer in the energy industry, it can reduce greenhouse gas emissions, drastically lower energy costs, and help to alleviate energy poverty on a national scale.
  • Safegrid — Smarter sensors for a smarter grid
  • Vensum Power — Revolutionizing power conversion. More power in same package, less energy waste and low maintenance.
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Leena Niemistö
Angel · Helsinki, Southern Finland, Finland · 2 investments in Finland Energy 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–$3.2M
  • 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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Emerald Technology Ventures
VC Fund · Zürich, Zurich, Switzerland · 2 investments in Finland Energy startups

Emerald Technology Ventures specializes in clean technology venture capital. Founded in 2000, Emerald focuses on the areas of energy, water, and materials. From offices in Zurich, Switzerland and Toronto, Canada, Emerald manages several venture capital funds and venture capital portfolio mandates.

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Investment focus

  • Industry: Manufacturing, Software, Energy
  • Stage:Series B, Series A
  • Geography: United States, Germany, Finland

Investor stats

  • Total investments: 82
  • Lead/follow: no public data

Portfolio highlights

  • Vytal — Start the Packaging Revolution! We are offering smart & reusable To-Go Packaging-as-a-Service to gastronomy clients & consumers.In Germany the consumption of take-away, convenience and delivery food & drinks is responsible for about 281 kilotons of single-use packaging waste for immediate consumption and is growing at double digitrates. Most of the time, To-Go food containers, snack boxes or coffee cups have a very short life-span of only 30 minutes after which they are tossed into trash (or litter parks, beaches & the ocean). This is not only a giant waste of economic resources as each single use costs between 15 and up to 0,60€ for a stable bowl/box with a lid. It is a horrendous waste of environmental resources (wood, water, crude oil, metals & energy) that are used to produce this packaging. Therefore, a single use packaging not weighing more than 30 grams can easily come with an ecological backpack of more than 8 kilograms when taking into account all the resources used in production (material intensities taken from Wuppertal Institute for Climate, Environment and Energy). Looking at GHG emissions, the picture is similarly bleak: Using CO2 emission factors and the detailed material mix of the single-use packaging waste analyzed by NABU (German Nature and Biodiversity Conservation Union), the 281 thousand tons waste from To-Go consumption generated around 556 thousand tons of CO2 or the equivalent of 195k passenger cars per year (assuming an average distance travelled of 15,000km). With the expected rise of take-away, convenience and delivery food, the related emissions are expected to increase at double digit rates as waste volume is expected to increase and as we saw a shift to plastics relative to cardboard or other materials. While there is a growing awareness of the problem, especially in Germany, there is no scalable solution yet and the commonly used alternative of nature-based & ‘biodegradable’ materials like bagasse or PLA also require many resources for production & transport, and have to be incinerated or go to landfill after use as there is currently no way to compost them.
  • Fido Tech — FIDO AI provides innovative water leak detection and management solutions using cutting-edge technology to drive sustainability and efficiency in water systems.
  • Keto Software — Strategic portfolio management to steer you through your strategic initiatives in business. Our product Keto AI+ Platform helps you to manage all your OKRs, strategies and Programmes & project portfolios.
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Failup Ventures
VC Fund · Helsinki, Southern Finland, Finland · 2 investments in Finland Energy startups

Failup Ventures is a Finnish-American venture capital fund based in San Francisco and Helsinki. We invest in early-stage startups with strong, mission driven teams.

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Investment focus

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

Investor stats

  • Total investments: 18
  • Round size: Seed $1.4M–$18M; Pre-Seed $500k–$2.5M
  • Lead/follow: 44% lead, 56% follow
  • Last fund: Likely still investing — raised $34M in 2023

Portfolio highlights

  • Nvelop — Nvelop automates source-to-contract procurement. Generate RFPs in minutes, score vendor proposals with AI, and ensure 100% audit compliance. Cut sourcing cycles by 40%.
  • Optivian
  • Bracket — We're a digital platform that sits between corporates and providers, committed to delivering complete transparency and minimising financial risk for any business with exposure to FX.
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Bragiel Brothers
VC Fund · San Francisco, California, United States · 2 investments in Finland Energy startups

Classic arcade gaming experience

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Investment focus

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

Investor stats

  • Total investments: 75
  • Round size: Seed $1M–$7M; Pre-Seed $255k–$3.8M; Series A $6.1M–$68M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Salmon Labs — Use Salmon to transform your CRM. Effortlessly clean, verify, and enrich your data. with AI capabilities. Keep Your CRM Data Fresh and Dynamic.
  • Assured Health — Streamline healthcare credentialing, licensing & payor enrollment with Assured's all-in-one platform. Automate admin Ops, boost efficiency & manage providers effortlessly.
  • Inspectify — If you are looking to buy or sell a home, Inspectify helps you find the best home inspectors in your area.
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Turret Oy
VC Fund · Uusimaa, Southern Finland, Finland · 2 investments in Finland Energy startups

Turret Oy is an investment vehicle controlled by Paul Ehrnrooth

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Investment focus

  • Industry: Energy, Farming, Seafood
  • Stage:Seed, Series A
  • Geography: Finland

Investor stats

  • Total investments: 11
  • Round size: Seed $2.7M–$8.2M; Series A $30M–$45M
  • Lead/follow: 36% lead, 64% follow

Portfolio highlights

  • Digitalist — Say hello to Digitalist in Finland, your true partner for digital transformation. From customer experience consulting to cutting-edge technology services, we help businesses to future-proof their operations.
  • TactoTek — Set your imagination free and create user experiences with the help of sustainable smart molded structures.
  • Hycamite TCD Technologies — Hycamite is decarbonising industry using its proprietary methane pyrolysis technology. It provides its industrial clients with low-carbon hydrogen and sustainable carbon products for demanding applications.
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Inventure
VC Fund · Helsinki, Southern Finland, Finland · 2 investments in Finland Energy 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: 172
  • Round size: Seed $549k–$5.9M; Series A $1.3M–$17M; Series B $1.3M–$25M
  • Lead/follow: 46% lead, 54% follow
  • Last fund: Likely still investing — raised $169M in 2022

Portfolio highlights

  • Finch — Optimize building design with AI and graph technology. Get immediate feedback on performance, detect errors and find optimal solutions.
  • ONEiO — ONEiO is a cloud-native integration service provider connecting people, processes, and tools – enabling seamless collaboration without traditional integration hassle. Provided as a turn-key solution, as self-service, or something in between. You choose.
  • Valuebeat — Grow your culture. Backed by data. Platypus is the HR and recruitment tool that measures cultural drivers of people across the organization to help you qualify decisions on hiring and managing your culture.
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Sitra
VC Fund · Helsinki, Southern Finland, Finland · 2 investments in Finland Energy 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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Maki.vc
VC Fund · Helsinki, Southern Finland, Finland · 2 investments in Finland Energy 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: 98
  • Round size: Seed $900k–$8M; Pre-Seed $1.1M–$2.7M; Series A $3.3M–$37M
  • Lead/follow: 46% lead, 54% follow
  • Last fund: Likely actively investing — fund raised in 2024

Portfolio highlights

  • 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
  • IXI — Discover adaptive glasses with autofocus lenses that adjust to your viewing needs, providing seamless clarity at any distance.
  • K Line Europe — Clear Aligner solutions made in Germany for dentists, orthodontists and laboratories.
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Ali Omar
Angel · Helsinki, Southern Finland, Finland · 2 investments in Finland Energy startups

Ali Omar is a Member of the Finnish Business Angels Network. He attended Aalto University and the University of Oulu.

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Investment focus

  • Industry: Software, SaaS, Artificial Intelligence
  • Stage:Seed, Pre-Seed, Angel
  • Geography: Finland, United States, Estonia

Investor stats

  • Total investments: 62
  • Round size: Seed $263k–$2.1M; Angel $53k–$1.6M; Pre-Seed $163k–$724k
  • Lead/follow: 16% lead, 84% follow

Portfolio highlights

  • MÖ Foods — MÖ Kaurajogu is domestic, completely herbal and above all delicious. All our products are manufactured in Central Ostrobothnia, Lohtaja.
  • React & Share — High volume, high quality feedback directly from your customers. React & Share helps digital comms teams improve their websites and satisfy their customers.
  • Plain Complex — VUOROX IS AN AI-POWERED ROSTER SCHEDULING APP FOR HEALTHCARE
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Vantaan Energia
VC Fund · Vantaa, Southern Finland, Finland · 2 investments in Finland Energy startups

Vantaan Energia is one of Finland's largest urban energy companies.

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Investment focus

  • Industry: Automotive, Electronics, Mobile Apps
  • Stage:Seed, Private Equity, Venture - Series Unknown
  • Geography: Finland, Sweden

Investor stats

  • Total investments: 4
  • Round size: Seed $2M–$4.4M
  • Lead/follow: 75% lead, 25% follow

Portfolio highlights

  • Myrspoven — Transform your building with Myrspoven's AI-driven solutions. Reduce energy costs, enhance sustainability, and lower emissions with advanced technology.
  • Virta — The Virta platform for electric vehicle charging gives you an accelerated and cost-effective channel to launch, operate, and grow an EV charging business.
  • Carbonaide — Carbonaide offers the most effective and robust carbonization technology for pre-cast concrete manufacturers.
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Born2Grow
VC Fund · Heilbronn, Baden-Wurttemberg, Germany · 2 investments in Finland Energy startups

Born2Grow is a german venture fund focusing on early stage investments. They invest up to 500k€ in innovative business models. They are based in Heilbronn in Baden-Wuerttemberg. Born2Grow focus on investments lies within the MedTech, BioTech, FinTech area as well as some other online industries

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Investment focus

  • Industry: Software, Medical, Health Care
  • Stage:Seed, Series A, Series B
  • Geography: Germany, Finland, United States

Investor stats

  • Total investments: 25
  • Round size: Seed $1.1M–$6M; Series A $3M–$4.1M; Series B $1.1M–$3.3M
  • Lead/follow: 28% lead, 72% follow

Portfolio highlights

  • Semorai — The SEMORAI Engineering AI Suite is your App Store for AI agents for reliable support in demanding mechanical engineering. Connect comprehensive engineering knowledge with your company know-how to accelerate your processes through AI to an unprecedented degree.
  • SpinDrive — SpinDrive technology increases efficiency by at least 15%. We provide tailored active magnetic bearing (AMB) systems for OEM's with competitive price.
  • Unchained Robotics — Unchained Robotics engages in the development of artificial intelligence-based control system for robots for electronics production.
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Kiilto Ventures
VC Fund · Helsinki, Southern Finland, Finland · 2 investments in Finland Energy 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, Pre-Seed
  • Geography: Finland, Portugal

Investor stats

  • Total investments: 7
  • Round size: Seed $823k–$2.2M
  • Lead/follow: 71% lead, 29% follow

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.
  • 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.
  • Voltan Energy — Voltan Energy is a sustainable and affordable local heating and cooling solutions.
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Fazer
VC Fund · Vantaa, Southern Finland, Finland · 2 investments in Finland Energy 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 — 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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Taaleri Bioindustry
VC Fund · Helsinki, Southern Finland, Finland · 2 investments in Finland Energy startups

We at Taaleri Bioindustry systematically invest in the development and production of resource-efficient and sustainable materials on an industrial scale.

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Investment focus

  • Industry: Building Material, Dairy, Chemical
  • Stage:Series A, Series B
  • Geography: Finland, The Netherlands

Investor stats

  • Total investments: 5
  • Round size: Series A $2.6M–$11M
  • Lead/follow: 60% lead, 40% follow

Portfolio highlights

  • everox — C2CA Technology is a pioneering company in concrete recycling, established in 2016 by Delft Enterprises, Delft University, and GBN.Our mission is to transform waste concrete into sustainable building materials, replacing virgin aggregates, sand, and cement to mitigate 8% of global CO2 emissions.Our advanced separation, and quality controltechnologies are in use at our demonstration site in Hoorn, the Netherlands.We're committed to achieving 100% circular concrete and building a more sustainable future. Join us and make a positive impact on the planet.
  • Finnish Food Factory — Finnish Food Factory is a contract manufacturer and inventor of plant-based dairy products.
  • 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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Nefco
VC Fund · Helsinki, Southern Finland, Finland · 2 investments in Finland Energy startups

Nefco accelerates the green transition by providing risk capital to small and medium-sized projects with positive impact on the environment and climate.

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Investment focus

  • Industry: Energy, CleanTech, Sustainability
  • Stage:Debt Financing, Post-IPO Debt
  • Geography: Finland, Sweden, Denmark

Investor stats

  • Total investments: 17
  • Round size: Post-IPO Debt $4.3M–$8.4M; Debt Financing $1.8M–$5.8M
  • Lead/follow: 47% lead, 53% follow

Portfolio highlights

  • SolarLab — SolarLab designs and produces solar facades for new and existing buildings.
  • Donkey Republic — Donkey Republic is leading bike share service in Europe with footprint in more than 10 key cities in Europe. We operate our locations with partners, and use custom-branded bikes. Our software backbone is developed by us with unique features that ensure we respect public space with our hub-centric service model. At the same time, we maximizepredictability of bike availability and convenience. We pride ourselves in service innovation.
  • Merus Power Dynamics — Merus Power Dynamics is a clean technology company enabling companies to save energy and increase productivity in the business operations. It offers solutions that enable companies to save energy, increase revenue, and productivity and meet regulators' grid connection criteria.To its partners Merus Power offers a unique business opportunityin the fast growing power quality market with its broad product portfolio, technology and problem solving capability unmatched by its rivals.Merus Power Dynamics Oy was founded by a team of experienced engineers in 2008. It develops a power quality product family with a focus on efficiency, reliability, and excellent dynamic performance. Merus Power also offers its customers professional system study services in order to give overall service from problem analysis to solution. Merus Power belongs to Cleantech Finland, a network of top cleantech experts.
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COREangels Lisbon
VC Fund · 2 investments in Finland Energy startups

COREangels Boston is a group of operators and entrepreneurs investing at the angel stage in startups which have low capital costs and are either special situations or unicorns-in-waiting.

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Investment focus

  • Industry: Artificial Intelligence, Software, Marketing
  • Stage:Seed, Pre-Seed, Angel
  • Geography: Portugal, Finland, United Kingdom

Investor stats

  • Total investments: 14
  • Round size: Seed $1.3M–$2.7M; Pre-Seed $83k–$1.2M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Tilect — Tilect built the Intelligent Algorithm Builder (IAB), an AI platform that lets business teams forecast sales, optimize and simulate pricing strategies in minutes. No months of spreadsheets, no costly consultants, just direct conversations with AI that deliver tailored solutions to real business constraints. The results speak for themselves: +90%forecast accuracy, profit gains of up to 200k/year in pilots. Tilect works with companies generating B€/year in revenue, helping them unlock 1–5% margin improvements. By replacing spreadsheets, consultants and slow internal AI teams, Tilect helps enterprises turning decision-making into a scalable, intelligent system that drives measurable growth.
  • Weiver — Weiver helps businesses professionally manage, improve, and analyze reviews with a centralized AI platform.
  • GOVA — GOVA is a food-biotech startup that uses creativity and delicious flavor to create the healthiest sugar on the planet.
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Mika Ihamuotila
Angel · 2 investments in Finland Energy startups

Mika Ihamuotila - Board of Directors @ Rovio Entertainment Corporation

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Investment focus

  • Industry: Sustainability, FinTech, Internet
  • Stage:Seed, Post-IPO Equity
  • Geography: Finland

Investor stats

  • Total investments: 6
  • Lead/follow: 0% lead, 100% 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.
  • Sulapac — Reduce your CO2 emissions and eliminate microplastic pollution without compromising operational efficiency or customer experience.
  • NoHo Partners — NoHo Partners Plc is a Finnish restaurant group behind approximately 250 restaurants, bars, pubs, nightclubs and entertainment centres. The name derives from the words ‘Nordic Hospitality Partners’, which communicate the key goals, opportunities and strengths of the Group.
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PeakBridge
VC Fund · Valletta, NA - Malta, Malta · 2 investments in Finland Energy startups

PeakBridge is a highly networked, global impact VC that funds and connects the people, technology and processes that will shape the future of food. We invest in visionary pioneers, from early stage to Series A-B, with scalable, protectable climate and health-focused technologies. At their core: a deep commitment to disrupting our food system whiledriving positive impact. Our team is spread across seven countries and includes pioneers of FoodTech investment and decades of deep Agri-Food operational and financial experience. Together, we create exceptional value for bold FoodTech entrepreneurs and investors. A member of the Edmond de Rothschild Private Equity partnership, PeakBridge is also the only venture capital firm that is an official partner of the world’s largest Agri-Food innovation initiative, EIT Food.

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Investment focus

  • Industry: Food and Beverage, Health Care, Food Processing
  • Stage:Series A, Seed, Series B
  • Geography: Israel, United States, United Kingdom

Investor stats

  • Total investments: 51
  • Round size: Seed $571k–$11M; Series A $4.5M–$17M; Series B $11M–$50M
  • Lead/follow: 43% lead, 57% follow
  • Last fund: Likely still investing — raised $106M in 2022

Portfolio highlights

  • Myota — Myota is a science and tech-based platform that develops fiber-based microbiome interventions to treat and prevent chronic disease. Myota was founded in 2019 and was headquartered in London, England.
  • Ilant Health — We offer a comprehensive solution that take the stress and stigma out of obesity treatment. We increase access, improve quality, and drive reduction in total cost of care.
  • KÄÄPÄ Biotech — Medicinal mushrooms, biotechnology, mycology, forestry, agroforestry, and food production.
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Risto Siilasmaa
Angel · Helsinki, Southern Finland, Finland · 2 investments in Finland Energy 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, SaaS
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Finland, Sweden, Estonia

Investor stats

  • Total investments: 23
  • Round size: Seed $1.7M–$29M; Pre-Seed $228k–$393k; Series A $1.3M–$13M
  • Lead/follow: 39% lead, 61% 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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David Helgason
Angel · Copenhagen, Hovedstaden, Denmark · 2 investments in Finland Energy 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, Pre-Seed
  • Geography: United States, Denmark, Finland

Investor stats

  • Total investments: 73
  • Round size: Seed $1.1M–$8M; Pre-Seed $1k–$2.4M; Series A $4.3M–$30M
  • Lead/follow: 3% lead, 97% follow

Portfolio highlights

  • ScyAI — ScyAI is the developer of an autonomous risk intelligence tool designed to integrate multiple specialized agents.
  • Noah — API-first stablecoin payments, enterprise-grade compliance and real-time settlements, powered by stablecoin technology.
  • Flow Engineering — Requirements management, made collaborative
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Übermorgen Ventures
VC Fund · Zürich, Zurich, Switzerland · 2 investments in Finland Energy startups

We are an early stage VC for climate tech startups.

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Investment focus

  • Industry: Software, Energy, Renewable Energy
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Germany, Switzerland, Finland

Investor stats

  • Total investments: 51
  • Round size: Seed $2.2M–$6.2M; Pre-Seed $300k–$4.1M; Series A $2.7M–$12M
  • Lead/follow: 22% lead, 78% follow

Portfolio highlights

  • Ecair — Ecair provides software for indoor air quality and energy management. The platform aggregates data from connected sensors to track pollutants, CO2, humidity, temperature, and particulate matter in real time. Dashboards, alerts, and APIs support building operations, facility managers, and ESG teams. Algorithms estimate exposure, flag ventilationissues, and suggest HVAC adjustments to balance comfort, health, and energy use. Reporting tools support certifications and compliance, and data exports integrate with BMS, CMMS, and data warehouses. Services include device provisioning, calibration management, and analytics consulting for multi-site portfolios.
  • Verna — Verna is a business using geospatial data science to address the climate and nature crises.We help landowners, investors, and policymakers to use land in ways that draw down carbon, enhance biodiversity and generate sustainable returns – e.g. through woodland creation, habitat creation and enhancement, and regenerative agriculture.Verna wasestablished in Borehamwood, Hertford.
  • Exnaton — Exnaton offers a flexible SaaS platform for the decarbonized, decentralized and digital energy future. We move ahead with energy communities. Exnaton offers software for energy communities and dynamic energy tariffs. With our SaaS solution, utilities can easily build a digital customer channel, offer new renewable energy products, and reduce manual effort for managing distributed resources. We enable energy communities according to REDII, models for shared investments in photovoltaic, batteries and more, collective self-consumption billing, self-consumption communities and participation models for tomorrow's energy market.
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OMV Petrom
VC Fund · Bucharest, Bucuresti, Romania · 2 investments in Finland Energy startups

OMV Petrom SA is an integrated oil and gas company. The exploration & Production segment consists of the exploration, development, & production of crude oil, & natural gas.

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Investment focus

  • Industry: Fuel, Energy, Clean Energy
  • Stage:Series A, Private Equity, Corporate Round
  • Geography: France, Finland, The Netherlands

Investor stats

  • Total investments: 4
  • Round size: Series A $45M–$45M
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • EIT InnoEnergy — InnoEnergy is industrialising clean tech innovation for a net zero economy. We invest in startups and build industrial value chains.
  • Respiră Verde — Respiră Verde engages in the waste fats and used edible oils. Respiră Verde engages in the non-hazardous waste management segment and collection, recovery and final disposal of used (or expired) edible oils and fats.
  • Hycamite TCD Technologies — Hycamite is decarbonising industry using its proprietary methane pyrolysis technology. It provides its industrial clients with low-carbon hydrogen and sustainable carbon products for demanding applications.
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Heraeus
VC Fund · Hanau, Hessen, Germany · 2 investments in Finland Energy startups

Heraeus, the technology group headquartered in Hanau, Germany, is a leading international family-owned portfolio company.

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Investment focus

  • Industry: Manufacturing, Biotechnology, Therapeutics
  • Stage:Seed, Corporate Round, Series A
  • Geography: Germany, China, Japan

Investor stats

  • Total investments: 12
  • Round size: Series A $4.4M–$8.5M
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • CSMH — Compound Semiconductor (Xiamen) Technology Co., Ltd. is an advanced semiconductor manufacturing technology based joint venture company invested from the Korea, China and Singapore, registered in the city of Xiamen, China. We have equipped with advanced semiconductor manufacturing tools including MPCVD, MOCVD, LPCVD, HVPE and high temperature PVDto produce high quality Diamond wafer and AlN template on various substrate including Si, sapphire, and polished diamond. Our mission is to be the most advanced compound semiconductor company in the global market, contributing to the related technology development. We have strong R&D team and actively collaborate with best research group around the world. Currently, we are providing the thermal grade polycrystalline diamond, which can be used as an effective heat sink aims to solve the heat issue in temperature sensitive device, such as power devices, lasers and avalanche photodiodes etc. We also provides wafer scale polished diamond with sub-nanometer RMS surface roughness, which might be suitable for the integration of GaN, GaO and AlN epilayers and devices on Diamond via direct bonding or heteoepitaxy.
  • Holosolis — Holosolis contributes to the EU’s goal of local PV module production and curbing global warming. We will build the largest photovoltaic panel factory in Europe.
  • Tsubame BHB — Tsubame BHB is a Sales company
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Nordic Investment Bank
VC Fund · Helsinki, Southern Finland, Finland · 2 investments in Finland Energy startups, 31 in the past 12 months

NIB finances projects that improve competitiveness and the environment of the Nordic and Baltic countries. The Bank offers long-term loans and guarantees on competitive market terms to its clients in the private and public sectors. NIB is an international financial institution owned by Denmark, Estonia, Finland, Iceland, Latvia, Lithuania,Norway and Sweden. The Bank has lending operations both in and outside its member countries. NIB acquires the funds for its lending by borrowing on the international capital markets. NIB's bonds enjoy the highest possible credit rating. NIB's vision is a prosperous and sustainable Nordic-Baltic region. NIB works towards that goal by financing projects that improve competitiveness and the environment of their member countries. Through this, NIB is living up to their promise of financing the future. NIB's core values are competence, commitment and cooperation. By providing long-term loans to its customers, NIB makes a lasting impact on the competitiveness and environment of the region. NIB is a reliable source of long-term funding for its customers. All projects are reviewed from the sustainability perspective. Therefore a NIB loan may be regarded as a quality stamp. NIB only finances specific investment projects that fulfil the Bank’s mission.

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Investment focus

  • Industry: Energy, Real Estate, Manufacturing
  • Stage:Debt Financing, Post-IPO Debt
  • Geography: Sweden, Finland, Norway

Investor stats

  • Total investments: 95
  • Round size: Post-IPO Debt $36M–$274M; Debt Financing $16M–$191M
  • Lead/follow: 87% lead, 13% follow

Portfolio highlights

  • Peab — Peab is a construction and civil engineering company whose guiding principle is total quality at all stages of the construction process.
  • Addtech — Addtech is a technology trading group that provides technological and economic value added to the link between manufacturers and customers.
  • Ringkjobing Landbobank — Ringkjobing Landbobank is an insurance corporation. They provide services like online banking, ,mobile banking, MasterCard, mobilepay, a currency calculator, and blocking cards. They provide services like financial advisory services on asset and wealth management, equity investments, and securities trading. They provide mobile applications foriPhone or Android phones.
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PC Rettig & CO Impact
VC Fund · 2 investments in Finland Energy startups

PC Rettig & CO Impact

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Investment focus

  • Industry: Mining, Robotics, 3D Printing
  • Stage:Seed
  • Geography: Finland

Investor stats

  • Total investments: 2
  • Round size: Seed $3.3M–$8.2M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Hyperion Robotics — We are accelerating the transition to sustainable and automated construction with Concrete 3D Printing.
  • Polar Night Energy — Polar Night Energy - Seasonal heat storage in district heating and industrial applications. The energy revolution is here.
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True Ventures
VC Fund · Palo Alto, California, United States · 2 investments in Finland Energy startups

Founded in 2005, True Ventures is a Silicon Valley-based venture capital firm that invests in early-stage technology startups. With more than $3.8 billion under management, True provides seed and Series A financing to entrepreneurs in some of today's growing markets. With more than 40 team members including special advisors, operationsprofessionals, and founders-turned-investors, True represents one of the largest and most experienced teams dedicated to the ecosystem. The True team believes creativity flourishes when founders are supported fully and empowered to pursue brave ideas. To that end, the True Platform offers programs that inspire professional and personal growth. To date, True has helped more than 350 companies launch and scale their businesses, creating over 85,000 jobs worldwide. True was awarded Venture Firm of the Year by the National Venture Capital Association in 2018. To learn more, visit www.trueventures.com.

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Investment focus

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

Investor stats

  • Total investments: 617
  • Round size: Seed $1.2M–$9.9M; Series A $2M–$30M; Series B $4.3M–$50M
  • Lead/follow: 37% lead, 63% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Valencell — Keep your blood pressure in check with this top-ranked digital health solution from Valencell.
  • Directus — Directus is an Open Data Platform for managing the content of any SQL database. It provides a powerful API layer for developers and an intuitive App for non-technical users. Written in JavaScript, Directus is completely open-source, modular, and extensible, allowing it to be fully tailored to your exact project needs.
  • Spring Health — Eliminating barriers to mental healthcare. Clinically-proven technology with world-class providers to deliver precisely what your employees need.
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Green Campus Innovations Oy
VC Fund · 2 investments in Finland Energy startups

Provide an effective, outsourced incubation and acceleration platform .

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Investment focus

  • Industry: Energy, Battery, Biotechnology
  • Stage:Seed
  • Geography: Finland

Investor stats

  • Total investments: 4
  • 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 — Introducing robotics with the lightness of the human touch in realms once thought impossible.
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Nordic Option
VC Fund · Oulu, Oulu, Finland · 2 investments in Finland Energy startups

Nordic Option is a private equity fund focusing its investments on growth companies. It provides capital investments in small and medium-sized growth companies that have already established themselves in Northern Finland. The fund's investment strategy includes the possibility to make up to 5 early-stage growth investments with one millioneuros.The firm's value of investments in portfolio companies is approximately EUR 10 million and the value of loans granted is approximately EUR 1 million.

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Investment focus

  • Industry: Software, Manufacturing, 3D Technology
  • Stage:Seed, Series C
  • Geography: Finland

Investor stats

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

Portfolio highlights

  • Haltian — We solve the challenges of a sustainable future, one IoT innovation at a time
  • SensorFu — SensorFu detects new network leak paths before they are exploited. If you're required to operate isolated networking environments, SensorFu helps you to anwer question: is my network isolation working as intended? Leaks from isolated network segments can be a result of human error or malice, and they may violate security policies orcontractual obligations. SensorFu automates previously manual audit checks, and it empowers IT- and IT security ops to ensure continuous network, and network segment isolation that meets their mission specific policies and regulatory requirements. SensorFu Beacon is available as virtual appliance, software application and as hardware appliance.
  • Brightplus — Brightplus is an innovative renewable materials manufacturing company from Finland. We specialise in design and development of new functional properties for industrial biomaterial solutions. We cater for industries like packaging, construction, cosmetics and consumer goods. Our expertise is based on developing solutions to multiple industries andproviding fast prototyping and full fit for customers’ production lines. Our deep chemical BrightBio® technology creates an optimal fit between coatings, barriers and plastic replacing materials to help you in raising your material functionality to the next level.
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Nordic Foodtech VC
VC Fund · Helsinki, Southern Finland, Finland · 2 investments in Finland Energy 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, Food and Beverage, Life Science
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Finland, Denmark, Sweden

Investor stats

  • Total investments: 29
  • Round size: Seed $549k–$5.5M; Pre-Seed $1.1M–$1.9M; Series A $6.8M–$18M
  • Lead/follow: 55% lead, 45% follow
  • Last fund: Likely still investing — raised $49M in 2021

Portfolio highlights

  • Hailia Oy — We mainstream seafood sidestreams with technology that upcycles them into tasty food products.
  • MÖ Foods — MÖ Kaurajogu is domestic, completely herbal and above all delicious. All our products are manufactured in Central Ostrobothnia, Lohtaja.
  • Tracegrow — Tracegrow is a Finnish cleantech company operating in the circular economy. They are the only company in the world that has developed an innovative technology to extract, purify and reuse the vital trace elements Zinc and Manganese from alkaline batteries and circulate them safely back to the nature as the world’s most ecological Zinc andManganese-based micronutrient products for farming.They strive to minimize the exploitation of their planet’s limited resources by reusing them wisely. Their clean technology innovation provides a solution to two global challenges: the ecological reuse of the trace elements in alkaline batteries and nourishing farmland suffering from micronutrient deficiency.
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Energy Investor funding in Finland at a glance

Stats across 276 deals from 297 investors.

297
investors
in Finland Energy startups
276
deals
in Finland Energy startups
$3M
median round
in Finland Energy startups
40%
lead investors
lead at least one round
20%
Seed
most common funding stage
82/18
VC / Angel
share of investor count

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