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Top 50 Energy Startup Investors in Finland (September 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
21 Finland, United States, United Kingdom Seed, Series A, Venture - Series Unknown Software, Health Care, Artificial Intelligence $580k–$22M
Tesi
VC Fund
15 Finland, United States, Switzerland Series A, Series B Software, Manufacturing, Health Care $2.4M–$46M
Business Finland
VC Fund
13 Finland, United States, Sweden Grant, Seed, Debt Financing Software, SaaS, Biotechnology $50k–$10M
Butterfly Ventures
VC Fund
12 Finland, Sweden, Norway Seed, Pre-Seed Software, Health Care, Information Technology $110k–$4.3M
Finnvera Venture Capital
VC Fund
9 Finland, United States, Chile Seed, Series A Software, Health Care, Manufacturing $250k–$23M
Voima Ventures
VC Fund
9 Finland, Sweden, Norway Seed, Pre-Seed, Series A Biotechnology, Health Care, Artificial Intelligence $464k–$30M
Finnish Climate Fund
VC Fund
8 Finland Debt Financing, Venture - Series Unknown, Series A Energy, Renewable Energy, Sustainability $2.5M–$12M
Nidoco
VC Fund
6 Finland, Sweden, Estonia Seed, Venture - Series Unknown, Pre-Seed Software, SaaS, Artificial Intelligence $327k–$60M
Valve Ventures
VC Fund
6 Finland Seed, Series A, Venture - Series Unknown Energy, CleanTech, Construction $560k–$30M
Superhero Capital
VC Fund
6 Finland, Lithuania, Estonia Seed, Pre-Seed, Venture - Series Unknown Software, Information Technology, Artificial Intelligence $114k–$7.3M
Maki.vc
VC Fund
5 Finland, Norway, Denmark Seed, Series A, Pre-Seed Software, E-Commerce, Information Technology $578k–$37M
EISMEA
VC Fund
5 Spain, Italy, United Kingdom Grant, Venture - Series Unknown, Seed Manufacturing, Biotechnology, Software $53k–$2.6M
Stephen Industries
VC Fund
5 Finland, Sweden Seed, Series A, Pre-Seed Software, Health Care, Biotechnology $330k–$45M
VTT Ventures
VC Fund
5 Finland Seed, Venture - Series Unknown, Series A Manufacturing, Biotechnology, Electronics $460k–$14M
Holdix Oy Ab
VC Fund
4 Finland Seed, Series A Manufacturing, Renewable Energy, Food and Beverage $1.9M–$45M
Wave Ventures
VC Fund
4 Finland, Sweden, Germany Pre-Seed, Seed, Venture - Series Unknown Software, Information Technology, Internet $183k–$4M
Loudspring
VC Fund
4 Finland, Sweden, United States Venture - Series Unknown, Seed, Series A Water, Software, Analytics $363k–$5.3M
Nefco
VC Fund
4 Finland, Sweden, Denmark Debt Financing, Post-IPO Debt, Grant Energy, Renewable Energy, Sustainability $1.8M–$12M
Leena Niemistö
Angel
4 Finland, United States Seed, Venture - Series Unknown, Pre-Seed Health Care, Software, E-Commerce $306k–$3.5M
Ali Omar
Angel
4 Finland, United States, Estonia Seed, Pre-Seed, Angel Software, Artificial Intelligence, SaaS $57k–$2.2M
2C Ventures
VC Fund
3 Estonia, Finland, Italy Pre-Seed, Seed Software, Renewable Energy, SaaS $1M–$4.2M
Redstone.VC
VC Fund
3 Germany, Finland, Switzerland Seed, Series A, Pre-Seed Software, Information Technology, Artificial Intelligence $460k–$17M
Turret Oy
VC Fund
3 Finland Seed, Series A, Venture - Series Unknown Manufacturing, Renewable Energy, Food and Beverage $2.6M–$60M
Übermorgen Ventures
VC Fund
3 Germany, Switzerland, Finland Seed, Pre-Seed, Series A Energy, Software, SaaS $300k–$12M
Taaleri
VC Fund
3 Finland, Kenya Venture - Series Unknown, Seed, Pre-Seed Construction, Building Material, Financial Services $241k–$21M
OpenOcean
VC Fund
3 Finland, United States, United Kingdom Series A, Seed, Series B Software, Information Technology, Artificial Intelligence $2.3M–$30M
PC Rettig & CO Impact
VC Fund
3 Finland Seed, Venture - Series Unknown Energy, CleanTech, 3D Printing $3M–$8.2M
Mika Ihamuotila
Angel
3 Finland Venture - Series Unknown, Seed Sustainability, FinTech, Internet
Grid.vc
VC Fund
3 Finland, Estonia Seed, Pre-Seed Energy, Renewable Energy, SaaS $20k–$6.1M
UB FIGG
VC Fund
3 Finland, United Kingdom Series A, Venture - Series Unknown Packaging Services, Chemical, Forestry $4.9M–$30M
Nordic Option
VC Fund
3 Finland Private Equity, Venture - Series Unknown, Seed Manufacturing, Software, Electronics $1.1M–$10M
Green Campus Innovations Oy
VC Fund
3 Finland, Norway Pre-Seed, Venture - Series Unknown, Seed Energy, Manufacturing, Electric Vehicle $616k–$2.5M
Antler
VC Fund
3 Singapore, Australia, United Kingdom Pre-Seed, Seed, Series A Software, Artificial Intelligence, Information Technology $100k–$29M
Innovestor
VC Fund
3 Finland, Sweden, Denmark Seed, Venture - Series Unknown, Pre-Seed Software, Health Care, Information Technology $204k–$5.8M
Halton Ventures
VC Fund
2 Finland Smart Building, Energy, GreenTech
Emerald Technology Ventures
VC Fund
2 United States, Germany, Finland Series B, Series A Manufacturing, Software, Energy
Suffice International
VC Fund
2 Finland Venture - Series Unknown, Debt Financing Manufacturing, Electric Vehicle, Energy $616k–$1.1M
Heraeus
VC Fund
2 Germany, China, Japan Seed, Corporate Round, Series A Manufacturing, Biotechnology, Therapeutics $4.4M–$8.5M
Failup Ventures
VC Fund
2 Finland, United States, Sweden Seed, Pre-Seed Software, Artificial Intelligence, E-Commerce $500k–$18M
COREangels Lisbon
VC Fund
2 Portugal, Finland, United Kingdom Seed, Pre-Seed, Angel Artificial Intelligence, Software, Marketing $83k–$2.7M
JOINT JOURNEY
VC Fund
2 United States, Russian Federation, United Kingdom Seed, Pre-Seed Software, Artificial Intelligence, Information Technology $30k–$4.1M
Mikael Hed
Angel
2 Finland, Sweden, Lithuania Seed, Series B, Angel E-Commerce, Health Care, Consumer Electronics $1.1M–$43M
Vantaan Energia
VC Fund
2 Finland, Sweden Seed, Private Equity, Venture - Series Unknown Automotive, Electronics, Mobile Apps $2M–$4.4M
Kiilto Ventures
VC Fund
2 Finland, Portugal Seed, Pre-Seed Construction, CRM, Mining $786k–$2.2M
Nordic Investment Bank
VC Fund
2 Sweden, Finland, Norway Debt Financing, Post-IPO Debt Energy, Manufacturing, Real Estate $16M–$274M
Taaleri Bioindustry
VC Fund
2 Finland, The Netherlands Series A, Series B Building Material, Dairy, Chemical $2.6M–$11M
Born2Grow
VC Fund
2 Germany, Finland, United States Seed, Series A, Series B Software, Medical, Health Care $1.1M–$6M
Nordic Foodtech VC
VC Fund
2 Finland, Denmark, Sweden Seed, Pre-Seed, Series A Biotechnology, Food and Beverage, Life Science $610k–$18M
Salvia
VC Fund
2 Germany, France, Finland Series A, Seed, Series B Semiconductor, Hardware, Software $4.5M–$131M
Sitra
VC Fund
2 Finland, The Netherlands Grant, Series A Health Care, Biotechnology, CleanTech
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Investor list

Lifeline Ventures
VC Fund · Helsinki, Southern Finland, Finland · 21 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, Artificial Intelligence
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: Finland, United States, United Kingdom

Investor stats

  • Total investments: 201
  • Round size: Seed $580k–$5.4M; Series A $2.8M–$22M; Venture - Series Unknown $616k–$17M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: Likely actively investing — fresh fund, raised $464M in 2025

Portfolio highlights

  • S-Transistors — S-Transistors is one of the few businesses founded on a truly novel core technology that has the potential to serve as an enabling layer for a whole industry.
  • Thor Dynamics — Directed Energy Systems for Counter-Drone Defense
  • Everywear Games — Everywear Games is the world’s leading 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 gamesare consistently on top of global charts.
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Tesi
VC Fund · Helsinki, Southern Finland, Finland · 15 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: 152
  • Round size: Series A $2.4M–$46M; Series B $3.1M–$37M
  • Lead/follow: 16% lead, 84% follow
  • Last fund: May invest from a new fund soon — raised $177M in 2017

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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Business Finland
VC Fund · Helsinki, Southern Finland, Finland · 13 investments in Finland Energy startups, 17 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: 235
  • Round size: Seed $334k–$3.5M; Grant $50k–$10M; Debt Financing $241k–$6.5M
  • Lead/follow: 44% lead, 56% follow
  • Last fund: May invest from a new fund soon — last raise in 2017

Portfolio highlights

  • STRGY AI — The strategy was never the problem. The evidence was correct, sitting in someone's hands, and it died anyway because nothing in the organization was built to carry that evidence from where it was seen to where it could be acted on, and keep it alive long enough to matter. Not a bad plan. Not bad people. A structural gap between signal andauthority that every existing tool — decks, dashboards, status meetings — is too static and too easy to ignore to actually close.STRGY exists because that gap is the default state of every organization above a certain size, and closing it has always required either a heroic individual repeating themselves for years or luck (the corporate pilot needed one person to remember "do not drop this" at the right moment, and no one did). That's not a strategy problem to solve with a better framework — it's an infrastructure problem. You need something that holds the signal, doesn't forget it, doesn't get bored repeating it, and resurfaces it automatically the moment the gap between evidence and action starts to widen. That's what a human can't do reliably at scale, and what software with real memory can.
  • 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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Butterfly Ventures
VC Fund · Oulu, Oulu, Finland · 12 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: Software, Health Care, Information Technology
  • Stage:Seed, Pre-Seed
  • Geography: Finland, Sweden, Norway

Investor stats

  • Total investments: 91
  • Round size: Seed $224k–$2.1M; Pre-Seed $110k–$4.3M
  • Lead/follow: 42% lead, 58% follow
  • Last fund: Likely still investing — raised $49M in 2022

Portfolio highlights

  • DREV — DREV is a cleantech company manufacturing contamination control solutions for the world’s most advanced manufacturing facilities.
  • 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.
  • Polar Light Technologies — Polar Light Technologies focuses on developing the next generation of Nano and micro LED technology.
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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, Manufacturing
  • Stage:Seed, Series A
  • Geography: Finland, United States, Chile

Investor stats

  • Total investments: 95
  • Round size: Seed $250k–$2.3M; Series A $1.8M–$23M
  • 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 — At CHAOS, we strive to democratize data and harness the power of AI and cutting-edge technology, delivering transformative location insights that empower decision-makers to design more liveable cities- sustainable, human-centered where the quality-of-life soars.
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Voima Ventures
VC Fund · Helsinki, Southern Finland, Finland · 9 investments in Finland Energy startups, 6 in the past 12 months

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: 61
  • Round size: Seed $1M–$5.9M; Pre-Seed $464k–$2.1M; Series A $3.9M–$30M
  • Lead/follow: 64% lead, 36% follow
  • Last fund: Likely still investing — raised $108M in 2023

Portfolio highlights

  • Reduciner — Reduciner's vision to turn industrial CO₂ emissions from a liability into a valuable resource. Its technology converts captured carbon dioxide and biochar into valuable feedstocks such as carbon monoxide and activated carbon, enabling circular carbon use in emissions-intensive industries. Reduciner combines strong scientific expertise withindustrial applicability across sectors such as cement, steel, and chemicals. Its electricity-driven process allows industries to reduce emissions without major changes to existing infrastructure, offering a resilient and cost-competitive way to reduce carbon dependency while creating new value from CO₂ emissions.
  • TheStorage — Flexible industrial heat electrification and scalable energy storage. TheStorage offers cost efficient, sustainable grid scale energy storage that can discharge heat, steam or CHP.
  • Photoncycle — The year-round solar energy system for heating and electricity
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Finnish Climate Fund
VC Fund · Helsinki, Southern Finland, Finland · 8 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, Sustainability
  • Stage:Debt Financing, Venture - Series Unknown, Series A
  • Geography: Finland

Investor stats

  • Total investments: 21
  • Round size: Debt Financing $2.5M–$12M
  • 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, beverage and agricultural sidestreams into protein, oil and fertilizers. Sustainable Black Soldier Fly Protein & Oil for Pet Food and Aquafeed from Finland.
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Nidoco
VC Fund · Stockholm, Stockholms Lan, Sweden · 6 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, SaaS, Artificial Intelligence
  • Stage:Seed, Venture - Series Unknown, Pre-Seed
  • Geography: Finland, Sweden, Estonia

Investor stats

  • Total investments: 29
  • Round size: Seed $327k–$2.6M; Pre-Seed $700k–$759k; Venture - Series Unknown $1.5M–$60M
  • Lead/follow: 34% lead, 66% 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 — At CHAOS, we strive to democratize data and harness the power of AI and cutting-edge technology, delivering transformative location insights that empower decision-makers to design more liveable cities- sustainable, human-centered where the quality-of-life soars.
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Valve Ventures
VC Fund · Helsinki, Southern Finland, Finland · 6 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, Construction
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: Finland

Investor stats

  • Total investments: 15
  • Round size: Seed $560k–$3.2M; Series A $2.5M–$30M; Venture - Series Unknown $1.1M–$4.1M
  • Lead/follow: 20% lead, 80% 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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Superhero Capital
VC Fund · Helsinki, Southern Finland, Finland · 6 investments in Finland Energy startups, 14 in the past 12 months

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, Artificial Intelligence
  • Stage:Seed, Pre-Seed, Venture - Series Unknown
  • Geography: Finland, Lithuania, Estonia

Investor stats

  • Total investments: 102
  • Round size: Seed $228k–$2.6M; Pre-Seed $114k–$1.8M; Venture - Series Unknown $1.6M–$7.3M
  • Lead/follow: 56% lead, 44% follow
  • Last fund: Likely actively investing — fresh fund, raised $41M in 2025

Portfolio highlights

  • Sigvi — Sigvi is a managed car rental marketplace that turns thousands of fragmented small fleet operators into one AI managed rental network. The platform aggregates vehicle supply from independent rental companies and private owners, handles all operations — from booking and keyless pickup to maintenance, insurance, and fines — and delivers a fullydigital rental experience to travellers and businesses across Europe.Based in Vilnius, Lithuania, Sigvi operates an asset-light model where car owners list vehicles for a minimum of one year while Sigvi manages the entire customer lifecycle. Guests book through the platform and access cars 24/7 via keyless phone unlock at Sigvi-managed parking lots, eliminating the counter queues and trust issues that plague traditional rental.The company serves both B2C travellers (tourists, long-term renters, car replacement) and B2B clients (corporate fleets, insurance replacement vehicles, OTA partners). Sigvi is live in Lithuania and Poland, targeting the ~35% of the €72B European car rental market still served by independent operators with no technology infrastructure.
  • Guideless — Guideless turns any browser workflow into a polished, AI-narrated video guide in minutes. No screen recording, no tedious editing. Just turn on our Chrome extension, click through your process as you normally would, and instantly get a share-ready guide.Use cases: Product walkthroughs, customer onboarding, employee training, and supportdocumentation.Key features: - AI-written narration and natural voiceover. - Smart zooms and highlights for clarity. - Built-in captions for accessibility. - Always consistent and on-brand. - Shareable URLs, embed codes, and export to MP4How it works: - Add the Chrome extension. - Capture your workflow. - Share your guide.Privacy built-in: Your guides and data are never used to train AI models and are securely encrypted.Check https://guideless.ai/gallery and get inspired with curated guides showcasing workflows, product demos, and tutorials across every use case.
  • SeeTrue Technologies — Ultra-low-power eye tracking from SeeTrue delivers accurate gaze data for AR/VR, microscope & camera eyepieces and wearables, powered by custom sensors.
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Maki.vc
VC Fund · Helsinki, Southern Finland, Finland · 5 investments in Finland Energy startups, 6 in the past 12 months

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: 103
  • Round size: Seed $948k–$8.3M; Pre-Seed $578k–$2.7M; Series A $3.5M–$37M
  • Lead/follow: 47% lead, 53% follow
  • Last fund: Likely actively investing — fresh fund, raised $106M 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.
  • Metaktik — Tactical Metasurface Antenna Solution for Defence. Ultralight Antennas for Satellites.
  • 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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EISMEA
VC Fund · 5 investments in Finland Energy startups

Investment focus

  • Industry: Manufacturing, Biotechnology, Software
  • Stage:Grant, Venture - Series Unknown, Seed
  • Geography: Spain, Italy, United Kingdom

Investor stats

  • Total investments: 3117
  • Round size: Seed $53k–$914k; Grant $54k–$2M; Venture - Series Unknown $60k–$2.6M
  • Lead/follow: 28% lead, 72% follow

Portfolio highlights

  • AGADE — Esoscheletri Agade | Il primo esoscheletro intelligente per lavoratori progettato per ridurre il rischio di disturbi muscolari delle spalle nella movimentazione manuale dei carichi.
  • BroadBit Batteries — BroadBit is a technology company developing revolutionary new batteries using novel sodium-based chemistries to power the future green economy.
  • Aenitis Technologies — We develop innovative devices for cells therapy processing using Acoustic Radiation Forces.
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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 — Turning hazardous steel waste into clean water and green energy.
  • Freepress.ai — Freepress curates verified and diverse global perspectives on current news into bite-sized news stories in your language.
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VTT Ventures
VC Fund · Espoo, Southern Finland, Finland · 5 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: Manufacturing, Biotechnology, Electronics
  • Stage:Seed, Venture - Series Unknown, Series A
  • Geography: Finland

Investor stats

  • Total investments: 24
  • Round size: Seed $460k–$3.3M; Series A $1.8M–$14M; Venture - Series Unknown $1.5M–$9.2M
  • 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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Holdix Oy Ab
VC Fund · Helsinki, Southern Finland, Finland · 4 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: Manufacturing, Renewable Energy, Food and Beverage
  • Stage:Seed, Series A
  • Geography: Finland

Investor stats

  • Total investments: 9
  • Round size: Seed $1.9M–$8.2M; Series A $30M–$45M
  • Lead/follow: 11% lead, 89% 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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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, Information Technology, Internet
  • Stage:Pre-Seed, Seed, Venture - Series Unknown
  • Geography: Finland, Sweden, Germany

Investor stats

  • Total investments: 40
  • Round size: Seed $329k–$2.1M; Pre-Seed $183k–$4M; Venture - Series Unknown $675k–$1M
  • Lead/follow: 10% lead, 90% follow
  • Last fund: Likely actively investing — fresh fund, raised $12M in 2026

Portfolio highlights

  • CYBRET AI — The New Era of Autonomous Cybersecurity
  • Fluencify — Fluencify is an innovative creator marketing platform that runs end to end user generated content programs for global brands. The software powered solution enforces brand quality guidelines, handles global creator payments, and provides contracted view guarantees to turn influencer marketing into a scalable utility framework.
  • Solace Care — Solace Care offers AI-powered end-of-life planning and loss support, integrated with insurance and workplace benefits.
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Loudspring
VC Fund · Helsinki, Southern Finland, Finland · 4 investments in Finland Energy startups

Loudspring is a cleantech accelerator in the Nordic region, boasting several fast growing and high impact companies that solve global challenges. The portfolio companies are active in energy- and resource efficiency as well as decentralized renewable energy and are based in Finland, Sweden and Germany. The company management consists of companybuilders and investors who have been active within the cleantech space for over a decade.The company is listed on First North Finland under the ticker LOUD and on First North Stockholm under the ticker LOUDS.

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Investment focus

  • Industry: Water, Software, Analytics
  • Stage:Venture - Series Unknown, Seed, Series A
  • Geography: Finland, Sweden, United States

Investor stats

  • Total investments: 14
  • Round size: Seed $363k–$3.3M; Venture - Series Unknown $909k–$5.3M
  • Lead/follow: 64% lead, 36% follow

Portfolio highlights

  • Nuuka — Nuuka is a building SW scaleup from Finland. Nuuka specialises in diagnosing and optimising HVAC, energy systems, and indoor climate. The SaaS is optimal for large building portfolios, of new and old public and commercial buidlings, as it can be used with any BMS and HVAC system, IAQ sensor or energy meter. Nuuka improves indoor climate, energyefficiency, reduces operational cost and improves sustainability for real estate owners, developers, retail chains and whole cities. We use SW, AI and ML to transform and industry, and save the world one building at the time.
  • Eagle Filters — Eagle Filters provides air filtration and efficiency solutions for turbine energy plants, offering better protection and higher performance.
  • Sofi Filtration — Innovation in Industrial Liquid Filtration
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Nefco
VC Fund · Helsinki, Southern Finland, Finland · 4 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, Renewable Energy, Sustainability
  • Stage:Debt Financing, Post-IPO Debt, Grant
  • Geography: Finland, Sweden, Denmark

Investor stats

  • Total investments: 18
  • Round size: Post-IPO Debt $4.3M–$8.4M; Debt Financing $1.8M–$12M
  • Lead/follow: 44% lead, 56% follow

Portfolio highlights

  • Korkia — Korkia is a global investor and developer of renewable energy projects focused on utility-scale solar, wind, and energy storage. The company develops projects across the full lifecycle, from early-stage site identification and permitting to financing, construction readiness, and asset management. Korkia works with local development partners andproject companies to co-develop industrial-scale plants in multiple markets. Its activities combine renewable energy project development with investment and fund management services for institutional and private investors. Korkia structures alternative investment funds and direct investments that channel capital into its solar, wind, and battery energy storage pipelines. Through this combined development and investment model, Korkia targets long-term value creation in the renewable power sector.
  • Donkey Republic — Donkey Republic enables cities to create a better quality of life, getting people on two wheels. We provide a flexible, reliable and open bike sharing platform that adjusts to the needs of the city, and integrates to rest of the public transport. We provide bike- and ebike sharing service using virtual or physical docking stations, for both short-and long term rentals.
  • 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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Leena Niemistö
Angel · Helsinki, Southern Finland, Finland · 4 investments in Finland Energy startups

Leena Niemistö

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Investment focus

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

Investor stats

  • Total investments: 19
  • Round size: Seed $306k–$3.2M; Venture - Series Unknown $2.2M–$3.5M
  • Lead/follow: 16% lead, 84% 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.
  • Maire — Maire - AI co-pilot for industry leading B2C E-commerce brands. From Industry Trends to Market Research and Search Intent Analysis
  • Finnadvance — Finnadvance is an Organ-On-Chip company developing high throughput biological barriers on chips to mimic human biology such as vascular, lung and the Blood-Brain-Barriers for small molecule, micro-nano-formulation permeability and toxicity testing with in-vivo like dynamic cell cultures.
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Ali Omar
Angel · Helsinki, Southern Finland, Finland · 4 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, Artificial Intelligence, SaaS
  • Stage:Seed, Pre-Seed, Angel
  • Geography: Finland, United States, Estonia

Investor stats

  • Total investments: 69
  • Round size: Seed $227k–$2.2M; Angel $57k–$1.7M; Pre-Seed $168k–$734k
  • Lead/follow: 14% lead, 86% follow

Portfolio highlights

  • Themo — Themo's innovation is an algorithm that optimizes the price of exchange electricity and the consumption of electricity. Themo offers an easy and environmentally friendly way to save on electricity consumed by heating.
  • GoalProfit — GoalProfit is the world’s first low code retail optimization platform empowering retailers to build customized intelligence applications. It was founded by former IBM executives, Maxim Morozov and Oleg Sidorkin. GoalProfit is on a mission to make big data solutions available for all retailers and help them to survive in a new post-covid reality.
  • Retailgrid — Agentic AI pricing platform for mid-market retailers. Turn messy retail data into structured, explainable price decisions in days, not months.
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822 industries, 177 countries. Updated daily. Emails and phones included.

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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
  • Last fund: Likely still investing — raised $54M in 2024

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 is an Estonian startup developing intelligent building solutions.
  • Nanordica Medical — Nanordica Medical develops novel nanoparticle-based antibacterial wound care products.
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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, Artificial Intelligence
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Germany, Finland, Switzerland

Investor stats

  • Total investments: 179
  • Round size: Seed $460k–$7.8M; Pre-Seed $1M–$4.4M; Series A $1.7M–$17M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: Likely actively investing — fresh fund, raised $29M in 2026

Portfolio highlights

  • FermLabs — Ferm Labs ingredient startup specializing in proprietary, high-yield bioprocessing platforms.
  • LimX Dynamics — Zhuji Dynamics is a general-purpose footed robot company that focuses on the R&D and manufacturing of sports intelligence and footed robots
  • Zhuji Dynamics — Zhuji Dynamics is a general-purpose footed robot company that focuses on the R&D and manufacturing of sports intelligence and footed robots
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Turret Oy
VC Fund · Uusimaa, Southern Finland, Finland · 3 investments in Finland Energy startups

Turret Oy is an investment vehicle controlled by Paul Ehrnrooth

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Investment focus

  • Industry: Manufacturing, Renewable Energy, Food and Beverage
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: Finland

Investor stats

  • Total investments: 12
  • Round size: Seed $2.6M–$8.2M; Series A $30M–$45M; Venture - Series Unknown $15M–$60M
  • Lead/follow: 33% lead, 67% 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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Übermorgen Ventures
VC Fund · Zürich, Zurich, Switzerland · 3 investments in Finland Energy startups

We are an early stage VC for climate tech startups.

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Investment focus

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

Investor stats

  • Total investments: 55
  • Round size: Seed $2.1M–$5.9M; Pre-Seed $300k–$4.1M; Series A $2.5M–$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.
  • Hyperion Robotics — We are accelerating the transition to sustainable and automated construction with Concrete 3D Printing.
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Taaleri
VC Fund · Helsinki, Southern Finland, Finland · 3 investments in Finland Energy 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:Venture - Series Unknown, Seed, Pre-Seed
  • Geography: Finland, Kenya

Investor stats

  • Total investments: 9
  • Round size: Seed $241k–$6.3M; Venture - Series Unknown $2.4M–$21M
  • Lead/follow: 44% lead, 56% follow
  • Last fund: Likely actively investing — fresh fund, raised $735M in 2026

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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OpenOcean
VC Fund · Helsinki, Southern Finland, Finland · 3 investments in Finland Energy startups

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

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Investment focus

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

Investor stats

  • Total investments: 99
  • Round size: Seed $2.8M–$11M; Series A $2.3M–$22M; Series B $7.3M–$30M
  • Lead/follow: 41% lead, 59% follow
  • Last fund: May invest from a new fund soon — raised $142M in 2021

Portfolio highlights

  • Embeddable — Embedded analytics, done right. Embeddable is a toolkit for crafting remarkable customer-facing analytics experiences into your app, in just 10% of the time.
  • Arbio — Arbio is transforming the property management landscape for alternative accommodations by leveraging advanced AI technology. Our solutions drive higher revenue, increased profitability, and superior operational efficiency - setting a new industry benchmark.By combining data-driven insights with seamless automation, we optimize every aspect ofproperty performance, enhancing both owner returns and guest satisfaction.With a vision to redefine how properties are managed and monetized, Arbio is paving the way for a more efficient, profitable, and scalable future in the alternative accommodations market.
  • Sitegeist — Sitegeist Robotics develops autonomous, modular construction robots to automate dangerous tasks like hydrodemolition, sandblasting, and drilling, boosting productivity and addressing labor shortages.Sitegeist Robotics primarily serves the construction industry, focusing on infrastructure renovation and building site operations.
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PC Rettig & CO Impact
VC Fund · 3 investments in Finland Energy startups

PC Rettig & CO Impact

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Investment focus

  • Industry: Energy, CleanTech, 3D Printing
  • Stage:Seed, Venture - Series Unknown
  • Geography: Finland

Investor stats

  • Total investments: 3
  • Round size: Seed $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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Mika Ihamuotila
Angel · Helsinki, Southern Finland, Finland · 3 investments in Finland Energy startups

Mika Ihamuotila - Board of Directors @ Rovio Entertainment Corporation

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Investment focus

  • Industry: Sustainability, FinTech, Internet
  • Stage:Venture - Series Unknown, Seed
  • 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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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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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 $119M in 2023

Portfolio highlights

  • Notpla — Notpla is a sustainable packaging start-up that develops a material derived from seaweed and plants. The company's products include a coating for takeaway boxes, film, paper made from seaweed pulp, and a rigid plastic alternative, also made from seaweed. Notpla was founded in 2014 and is based in London, England.
  • 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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822 industries, 177 countries. Updated daily. Emails and phones included.

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Nordic Option
VC Fund · Oulu, Oulu, Finland · 3 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: Manufacturing, Software, Electronics
  • Stage:Private Equity, Venture - Series Unknown, Seed
  • Geography: Finland

Investor stats

  • Total investments: 17
  • Round size: Venture - Series Unknown $1.1M–$10M
  • Lead/follow: 35% lead, 65% follow

Portfolio highlights

  • Haltian — Haltian exists to turn real-world signals into clear decisions and dependable solutions. We combine practical data, thoughtful design, and rigorous
  • Profilence — Profilence Technical Quality Analysis for Android, Linux and iOS devices and Enterprise applications
  • Brightplus Oy — 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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Green Campus Innovations Oy
VC Fund · Helsinki, Southern Finland, Finland · 3 investments in Finland Energy startups

Provide an effective, outsourced incubation and acceleration platform .

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Investment focus

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

Investor stats

  • Total investments: 6
  • Round size: Venture - Series Unknown $616k–$2.5M
  • Lead/follow: 17% lead, 83% follow

Portfolio highlights

  • PikaPay — Our mission is to transform as many industries to self-service to have a better service experience for everyone.
  • Akkurate — Sandvik Battery Electric Loaders and Trucks TH550B LH518B Mobile Charging Station Battery as a Service
  • The Human Touch Robotics — Introducing robotics with the lightness of the human touch in realms once thought impossible.
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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: 2377
  • Round size: Seed $158k–$4.5M; Pre-Seed $100k–$590k; Series A $4.1M–$29M
  • Lead/follow: 43% lead, 57% follow
  • Last fund: Likely actively investing — fresh fund, raised $7.5M in 2026

Portfolio highlights

  • 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.
  • Forti Foods — The mission of Forti Foods is to enhance communities and change lives beyond the plate by fostering resilience and dignity via sustainable food innovation.
  • Neighbourhood — Neighbourhood transform unused spaces in restaurants, hotels and residences, into local hubs for co-working, creating and collaborating.
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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, Venture - Series Unknown, Pre-Seed
  • Geography: Finland, Sweden, Denmark

Investor stats

  • Total investments: 93
  • Round size: Seed $477k–$4.5M; Pre-Seed $204k–$2M; Venture - Series Unknown $529k–$5.8M
  • Lead/follow: 58% lead, 42% follow
  • Last fund: Likely still investing — raised $33M in 2023

Portfolio highlights

  • STRGY AI — The strategy was never the problem. The evidence was correct, sitting in someone's hands, and it died anyway because nothing in the organization was built to carry that evidence from where it was seen to where it could be acted on, and keep it alive long enough to matter. Not a bad plan. Not bad people. A structural gap between signal andauthority that every existing tool — decks, dashboards, status meetings — is too static and too easy to ignore to actually close.STRGY exists because that gap is the default state of every organization above a certain size, and closing it has always required either a heroic individual repeating themselves for years or luck (the corporate pilot needed one person to remember "do not drop this" at the right moment, and no one did). That's not a strategy problem to solve with a better framework — it's an infrastructure problem. You need something that holds the signal, doesn't forget it, doesn't get bored repeating it, and resurfaces it automatically the moment the gap between evidence and action starts to widen. That's what a human can't do reliably at scale, and what software with real memory can.
  • Amplifiles — Amplifiles is a PropTech startup that turns real estate listing photos into fully branded, high-quality videos in minute, no filming or editing required. Our video engine helps agents, photographers, and marketplaces boost engagement, generate more leads, and unlock new revenue streams.
  • 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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Halton Ventures
VC Fund · Helsinki, Southern Finland, Finland · 2 investments in Finland Energy startups

Halton Ventures operates as a venture capital firm.

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Investment focus

  • Industry: Smart Building, Energy, GreenTech
  • Geography: Finland

Investor stats

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

Portfolio highlights

  • Smart Heating — Smart Heating focus on hybrid heating systems for real estates. Smart Heating implements energy-efficient heating solutions for more than 100 buildings.
  • Soletair Power — Soletair Power is a Finnish startup founded in 2016, operating in the fields of Direct Air Capture and power-to-X technology. The company captures CO2 from the air by retrofitting buildings' ventilation systems with carbon capture technology, resulting in low building emissions. Captured carbon dioxide can be mineralized into concrete, storedas pressurized gas or liquid, transported, and used as raw materials to produce synthetic products. In 2020, Wärtsilä, together with Soletair Power and Q-Power, created their first enclosed Power-to-X unit in the world which can produce synthetic methane from air-captured CO2 straight from the Finland pavilion in Expo 2020 Dubai, United Arab Emirates. The company has delivered multiple carbon dioxide capturing units since then to Germany, Finland, and Denmark.
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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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Suffice International
VC Fund · 2 investments in Finland Energy startups

Suffice International

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Investment focus

  • Industry: Manufacturing, Electric Vehicle, Energy
  • Stage:Venture - Series Unknown, Debt Financing
  • Geography: Finland

Investor stats

  • Total investments: 3
  • Round size: Venture - Series Unknown $616k–$1.1M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Visedo — Danfoss Editron specializes in hybrid and electric powertrain systems for off-highway and marine markets.
  • Akkurate — Sandvik Battery Electric Loaders and Trucks TH550B LH518B Mobile Charging Station Battery as a Service
  • Soletair Power — Soletair Power is a Finnish startup founded in 2016, operating in the field of Direct Air Capture technology. The company captures CO2 from the air by retrofitting buildings' ventilation systems with carbon capture technology, resulting in low building emissions. Captured carbon dioxide can be mineralized, stored, transported, and used as rawmaterials to produce synthetic products. In 2020, Wärtsilä, together with Soletair Power and Q-Power, created the world's first Power-to-X unit that can produce fuel out of thin air at the Finland pavilion in Expo 2020 Dubai. Since then, the company has successfully delivered several carbon capture units and signed deals in Germany, Denmark, Hungary, Finland and UAE.
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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 intends to commercialize on-site ammonia production using an electride catalyst in a small-scale plant. It utilizes a unique technology to solve survival issues related to environmental and food problems and to realize a sustainable society.
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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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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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JOINT JOURNEY
VC Fund · Limassol, Limassol, Cyprus · 2 investments in Finland Energy startups

Active investment firm that calling founders with a great product vision across diverse industries

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Seed, Pre-Seed
  • Geography: United States, Russian Federation, United Kingdom

Investor stats

  • Total investments: 120
  • Round size: Seed $40k–$4.1M; Pre-Seed $30k–$621k
  • Lead/follow: 3% lead, 97% follow

Portfolio highlights

  • Renova — AI-driven no-code platform for insurance industry.
  • Whizz — Whizz is a provider of subscription-based rental services intended to offer monthly rental of last-mile vehicles to delivery drivers. The company also provides technical service and support during the entire subscription period enabling users to rent a handheld vehicle without having to worry about maintenance and repair. Whizz's e-bikes aredesigned to make delivery fast and easy.
  • inspace — inspace is the innovative platform that streamlines workplace management and optimizes space utilization. Elevate your workplace experience with inspace.
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Mikael Hed
Angel · Greater Los Angeles Area, California, United States · 2 investments in Finland Energy startups

Mikael Hed currently works as a Chairman for Yazen. He previously worked at Rovio Entertainment as a CEO. Mikael Hed attended Tulane University - A.B. Freeman School of Business.

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Investment focus

  • Industry: E-Commerce, Health Care, Consumer Electronics
  • Stage:Seed, Series B, Angel
  • Geography: Finland, Sweden, Lithuania

Investor stats

  • Total investments: 10
  • Round size: Seed $1.1M–$2.2M; Angel $1.1M–$1.7M; Series B $9.5M–$43M
  • Lead/follow: 40% lead, 60% 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.
  • CGTrader — Join the fastest-growing 3D model marketplace today!
  • Loupedeck — Loupedeck custom consoles offer analog control with digital precision for effortless creative workflow. Shop now with free shipping!
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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 — Myrspoven provides a unique cloud-based service which continuously reads the output data from your buildings. The data is then analysed using modern AI technology which enables new ways of optimizing energy consumption.
  • 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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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, Mining
  • Stage:Seed, Pre-Seed
  • Geography: Finland, Portugal

Investor stats

  • Total investments: 7
  • Round size: Seed $786k–$2.2M
  • Lead/follow: 71% lead, 29% follow

Portfolio highlights

  • Delox — Leader in advanced bio-discontamination solutions, Delox offers cutting-edge technology with vaporized hydrogen peroxide (VHP) for critical environments, laboratories, and healthcare. Validated safety and efficacy for a safer world.
  • 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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Nordic Investment Bank
VC Fund · Helsinki, Southern Finland, Finland · 2 investments in Finland Energy startups, 35 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, Manufacturing, Real Estate
  • Stage:Debt Financing, Post-IPO Debt
  • Geography: Sweden, Finland, Norway

Investor stats

  • Total investments: 101
  • Round size: Post-IPO Debt $36M–$274M; Debt Financing $16M–$191M
  • Lead/follow: 88% lead, 12% follow

Portfolio highlights

  • Embla Medical — A leading global provider of innovative mobility solutions that help people live a Life Without Limitations.
  • Sindal Biogas — Sindal Biogas is currently producing green energy.
  • Rigas Satiksme — Rigas Satiksme is a public transportation and infrastructure company that provides vehicle rental, ticketing, and parking services.
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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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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: 26
  • Round size: Seed $1.1M–$6M; Series A $3M–$4.1M; Series B $1.1M–$3.3M
  • Lead/follow: 27% lead, 73% follow

Portfolio highlights

  • Semorai — Semorai - Intelligent error management for manufacturers We are reinventing the future of quality and error control in the industrial industry with our unique AI-as-a-Service solution.
  • 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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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, Pre-Seed, Series A
  • Geography: Finland, Denmark, Sweden

Investor stats

  • Total investments: 30
  • Round size: Seed $610k–$5.3M; Pre-Seed $880k–$1.9M; Series A $6.8M–$18M
  • Lead/follow: 57% lead, 43% follow
  • Last fund: Likely still investing — raised $49M in 2021

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.
  • 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.
  • MÖ Foods — MÖ Kaurajogu is domestic, completely herbal and above all delicious. All our products are manufactured in Central Ostrobothnia, Lohtaja.
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Salvia
VC Fund · Holzkirchen, Bayern, Germany · 2 investments in Finland Energy startups

Salvia operates as a Family Office that has transitioned into a venture capital investor with an entrepreneurial focus. The organization concentrates on innovative startups within the deep-tech and scientific domains. Its mission is to discover talent and viable business models, invest in them, and foster the development of sustainable companies.

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Investment focus

  • Industry: Semiconductor, Hardware, Software
  • Stage:Series A, Seed, Series B
  • Geography: Germany, France, Finland

Investor stats

  • Total investments: 12
  • Round size: Seed $4.5M–$15M; Series A $20M–$131M; Series B $10M–$25M
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • InPlanet — Our vision is to to remove gigatons of CO2 from the atmosphere while regenerating soils in the tropics.
  • Bambusa Therapeutics — Bambusa Therapeutics operates as biotechnology company, that focuses on developing bispecific antibodies.
  • Zadient Technologies — Zadient produces semiconductor manufacturing materials that are critical for the entire silicon carbide (SiC) value chain
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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, CleanTech
  • Stage:Grant, Series A
  • Geography: Finland, The Netherlands

Investor stats

  • Total investments: 8
  • Lead/follow: 13% lead, 87% 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.
  • Headai — We help organizations succeed in a rapidly changing future by helping them find answers in large amounts of data that they can't otherwise see. Our algorithms help customers see the big picture in scattered data by revealing unknown connections and even explaining why they exist. 100% own IP, combines the strengths of Natural LanguageProcessing, self-organized learning, reinforcement learning and 20+ years experience on cognitive sciences.
  • 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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Energy Investor funding in Finland at a glance

Stats across 378 deals from 373 investors.

373
investors
in Finland Energy startups
378
deals
in Finland Energy startups
$2.7M
median round
in Finland Energy startups
38%
lead investors
lead at least one round
18%
Grant
most common funding stage
84/16
VC / Angel
share of investor count

Access all 373 investors in Finland Energy startups.

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