# Top 50 Hardware Startup Investors in Finland in June 2026 ## Lifeline Ventures - Type: VC Fund - Location: Helsinki, Southern Finland, Finland - Relevant deals: 26 - Stages: Seed, Series A - Focus: Software, Health Care, E-Commerce 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. ## Inventure - Type: VC Fund - Location: Helsinki, Southern Finland, Finland - Relevant deals: 22 - Stages: Seed, Series A, Series B - Focus: Software, Information Technology, Health Care Since 2005, Inventure has backed over 90 companies including Wolt, Swappie, Jobbatical, aiMotive, and more. ## Butterfly Ventures - Type: VC Fund - Location: Oulu, Oulu, Finland - Relevant deals: 21 - Stages: Seed, Pre-Seed - Focus: Health Care, Software, Information Technology 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. ## Tesi - Type: VC Fund - Location: Helsinki, Southern Finland, Finland - Relevant deals: 19 - Stages: Series A, Series B - Focus: Software, Manufacturing, Health Care 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 ## Finnvera Venture Capital - Type: VC Fund - Location: Kuopio, Eastern Finland, Finland - Relevant deals: 19 - Stages: Seed, Series A - Focus: Software, Health Care, Information Technology 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. ## Business Finland - Type: VC Fund - Location: Helsinki, Southern Finland, Finland - Relevant deals: 17 - Stages: Seed, Grant, Debt Financing - Focus: Software, SaaS, Biotechnology 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. ## Superhero Capital - Type: VC Fund - Location: Helsinki, Southern Finland, Finland - Relevant deals: 12 - Stages: Seed, Pre-Seed - Focus: Software, Information Technology, Internet 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€. ## VTT Ventures - Type: VC Fund - Location: Espoo, Southern Finland, Finland - Relevant deals: 11 - Stages: Seed, Series A - Focus: Biotechnology, Manufacturing, Sensor 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? ## Icebreaker.vc - Type: VC Fund - Location: Helsinki, Southern Finland, Finland - Relevant deals: 10 - Stages: Pre-Seed, Seed, Series A - Focus: Software, Information Technology, Artificial Intelligence Founded in 2016, Icebreaker has invested in over 50 fast-growing tech startups built by domain expert founders from companies like Rovio, Nordea, Pipedrive, Eniram, IBM and BCG. In addition to the fund, Icebreaker also runs a community of more than 1000 founders and pre-founders with 5+ years of relevant industry experience and the will to start,build or join strong tech companies.With the initial ticket sizes of €150k - 800K Icebreaker provides enough funding for companies to get to a position of strength and avoid post-accelerator limbo without having to resort to disreputable sources of capital and unfriendly deal terms. ## Maki.vc - Type: VC Fund - Location: Helsinki, Southern Finland, Finland - Relevant deals: 9 - Stages: Seed, Series A, Pre-Seed - Focus: Software, E-Commerce, Information Technology 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. ## Innovestor - Type: VC Fund - Location: Helsinki, Southern Finland, Finland - Relevant deals: 8 - Stages: Seed, Pre-Seed - Focus: Software, Health Care, Information Technology Innovestor is an active Finnish investment manager, focusing on venture capital, real estate, and energy storage. We also offer corporate venturing services. ## Sisu Game Ventures - Type: VC Fund - Location: Helsinki, Southern Finland, Finland - Relevant deals: 8 - Stages: Seed, Series A - Focus: Gaming, Video Games, Software Sisu Game Ventures is an early-stage venture capital fund focused 100% on games. We set up shop in 2014 to support the most promising founders in the industry. Sisu has deep roots in the Nordic region, but our network of founders is fully global.The Sisu team consists of Samuli, Paul, Erik, Kalle, Moaffak, Kadri, and Jere - all of whom haveextensive backgrounds in the game industry and startup circles, both as entrepreneurs and investors. We've founded and built sixteen game companies since the early 90s and had several successful exits. Apart from funding companies, the team uses their expertise to act as a studio builder. Individual founders are supported in building their team, honing their product strategy and in gathering the right group of investors. ## Conor Venture Partners - Type: VC Fund - Location: Espoo, Southern Finland, Finland - Relevant deals: 7 - Stages: Series A, Series B, Seed - Focus: Software, Analytics, Semiconductor Conor Venture Partners is a new breed technology venture capital fund and management company. Conor invests in early-stage companies originating from Nordic and Baltic countries. Investment areas include information and communications technology, embedded software, semiconductor technology, electronics, new materials and optics. ## Reaktor Ventures - Type: VC Fund - Location: Helsinki, Southern Finland, Finland - Relevant deals: 7 - Stages: Seed, Pre-Seed, Series A - Focus: Internet, Software, E-Commerce Reaktor Ventures has moved to the next phase by focusing its efforts to actively supporting current portfolio companies. This means that the fund has ended its investment period and is not investing into new companies. Between 2013 and 2018 we have invested into 42 different companies and one early stage fund. We will naturally keep makingfollow-up investments to current portfolio companies. ## Ali Omar - Type: Angel - Location: Helsinki, Southern Finland, Finland - Relevant deals: 6 - Stages: Seed, Pre-Seed, Angel - Focus: Software, SaaS, Artificial Intelligence Ali Omar is a Member of the Finnish Business Angels Network. He attended Aalto University and the University of Oulu. ## First Fellow Partners - Type: VC Fund - Location: Helsinki, Southern Finland, Finland - Relevant deals: 6 - Stages: Seed, Series A, Pre-Seed - Focus: Software, SaaS, Artificial Intelligence First Fellow Partners is a private investment firm built on a founder-first philosophy. We invest only our own capital, backing bold, mission-driven technology entrepreneurs from idea to lasting impact. ## Redstone.VC - Type: VC Fund - Location: Berlin, Berlin, Germany - Relevant deals: 6 - Stages: Seed, Series A, Pre-Seed - Focus: Software, Information Technology, Health Care The Redstone team is an international and diverse group of serial entrepreneurs, investors, investment professionals, tech analysts and data scientists. ## Voima Ventures - Type: VC Fund - Location: Helsinki, Southern Finland, Finland - Relevant deals: 5 - Stages: Seed, Pre-Seed, Series A - Focus: Biotechnology, Health Care, Artificial Intelligence 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. ## Jyri Engestrom - Type: Angel - Location: San Francisco, California, United States - Relevant deals: 5 - Stages: Seed, Pre-Seed, Series A - Focus: Software, Apps, Internet Jyri Engeström is an Investor and Partner of Yes VC. He attended Lancaster University ## Visionplus - Type: VC Fund - Location: Helsinki, Southern Finland, Finland - Relevant deals: 5 - Stages: Seed, Series A - Focus: Software, Information Technology, Internet WE HELP YOU TO GROW FASTER! ## OP Financial Group - Type: VC Fund - Location: Helsinki, Southern Finland, Finland - Relevant deals: 5 - Stages: Debt Financing, Post-IPO Debt, Series A - Focus: Energy, Renewable Energy, FinTech OP Financial Group is one of the largest financial companies in Finland. It consists of 180 cooperative banks and their central organization. The financial group has over 1.4 million customer-owners ## OpenOcean - Type: VC Fund - Location: Helsinki, Southern Finland, Finland - Relevant deals: 4 - Stages: Series A, Series B, Seed - Focus: Software, Information Technology, SaaS OpenOcean is an early-stage venture capital firm investing in B2B software across Europe with offices in London & Helsinki. ## Nordic Option - Type: VC Fund - Location: Oulu, Oulu, Finland - Relevant deals: 4 - Stages: Seed, Series C - Focus: Hardware, Software, Electronics 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. ## Leena Niemistö - Type: Angel - Location: Helsinki, Southern Finland, Finland - Relevant deals: 4 - Stages: Seed, Pre-Seed - Focus: Health Care, Software, E-Commerce Leena Niemistö ## VNT Management - Type: VC Fund - Location: Vaasa, Western Finland, Finland - Relevant deals: 4 - Stages: Series B, Seed - Focus: Manufacturing, Electronics, Information Technology VNT Management is a venture capital management company that offers its services to investors and entrepreneurs.The company offers investors with 3 venture capital funds, all of which focus on clean technology. Furthermore, it offers an IRR of 25% and a position in the top quartile of European venture capital funds. Entrepreneurs are offered withsupply management, business idea, application, and product concept development, and technology scanning and evaluation services.VNT Management was founded in 2002 and is based in Finland. ## Supercell - Type: VC Fund - Location: Helsinki, Southern Finland, Finland - Relevant deals: 3 - Stages: Seed, Series A - Focus: Gaming, Video Games, PC Games Visit Supercell.com and find out more about us and our games. ## Vito Ventures - Type: VC Fund - Location: Munich, Bayern, Germany - Relevant deals: 3 - Stages: Series A, Seed - Focus: Software, Information Technology, Internet of Things Die Digitalisierung stellt uns vor neue Herausforderungen, denen wir mutig begegnen. Mit VC/O gestalten wir die Zukunft mit und investieren in sie. ## FOV Ventures - Type: VC Fund - Location: London, England, United Kingdom - Relevant deals: 3 - Stages: Seed, Pre-Seed, Series A - Focus: Software, Gaming, 3D Technology FOV Ventures invests in early-stage European companies across Spatial Computing, AI, 3D, and Robotics. ## Leaguer Venture Capital - Type: VC Fund - Location: Shenzhen, Guangdong, China - Relevant deals: 3 - Stages: Series A, Seed, Series B - Focus: Manufacturing, Advanced Materials, Artificial Intelligence Shenzhen Leaguer Venture Capital Co., Ltd. is a high-tech venture capital company founded by Research Institute of Tsinghua University in Shenzhen (RITS) in August 1999. Its current registered capital is RMB 333.3333 million, managing assets amounted to RMB 1.5 billion. With solid capital strength, rich experience of investment and flexiblemechanism, Leaguer VC has invested more than 50 portfolio companies, ranging from IT, new material, medicine, electronics to optomechatronics and hi-tech incubators, etc. The average IRR for the current investments exceeds 30%. Leaguer VC has successfully finished its fund-raising of RMB 160 million in 2009 and set up fund management companies and venture capital companies located in Changzhou and Wuxi. ## Centre for Economic Development, Transport and the Environment - Type: VC Fund - Relevant deals: 3 - Stages: Grant - Focus: SaaS, FinTech, Lighting The Centres for Economic Development, Transport and the Environment (ELY Centres) are responsible for the regional implementation and development tasks of the central government.Finland has a total of 15 ELY Centres, which are tasked with promoting regional competitiveness, well-being and sustainable development and curbing climate change.ELY Centres have three areas of responsibility:- Business and industry, labour force, competence and cultural activities.- Transport and infrastructure.- Environment and natural resources. ## Mikael Hed - Type: Angel - Location: Greater Los Angeles Area, California, United States - Relevant deals: 3 - Stages: Seed, Angel, Series A - Focus: E-Commerce, Health Care, Consumer Electronics 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. ## Wave Ventures - Type: VC Fund - Location: Helsinki, Southern Finland, Finland - Relevant deals: 3 - Stages: Seed, Pre-Seed - Focus: Software, Internet, Information Technology 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. ## Jari Ovaskainen - Type: Angel - Location: Tampere, Western Finland, Finland - Relevant deals: 2 - Stages: Seed, Series A, Series B - Focus: Mobile, Gaming, PC Games Jari Ovaskainen - Business Development Director @ Modulight ## CapMan - Type: VC Fund - Location: Helsinki, Southern Finland, Finland - Relevant deals: 2 - Stages: Private Equity, Series B - Focus: Software, Information Technology, Manufacturing CapMan is a leading Nordic private assets management and investment company. They have built value in unlisted businesses, real estate and infrastructure for 30 years. They serve investors in the private assets class on a broad scale. Their roots are Nordic but their handprint and their networks are international.At CapMan, they build betterorganised, managed, and financially stable companies, because this contributes to overall economic well-being. More jobs and innovations equal better conditions for the society. Similarly, they invest in real estate and infrastructure, because they believe that functional high-quality environments and utilities are cornerstones for functioning societies. ## Risto Siilasmaa - Type: Angel - Location: Helsinki, Southern Finland, Finland - Relevant deals: 2 - Stages: Seed, Series A, Pre-Seed - Focus: Software, Information Technology, SaaS Risto Siilasmaa is based out of Helsinki, Southern Finland and is the Board of Direcctor of Donut Lab. He previously worked as Founder of F-Secure. Risto Siilasmaa attended Aalto University. ## Bragiel Brothers - Type: VC Fund - Location: San Francisco, California, United States - Relevant deals: 2 - Stages: Seed, Series A, Pre-Seed - Focus: Software, Information Technology, FinTech Classic arcade gaming experience ## The Venture Reality Fund/VRF - Type: VC Fund - Location: Palo Alto, California, United States - Relevant deals: 2 - Stages: Seed, Series A, Series B - Focus: Virtual Reality, Software, Augmented Reality The Venture Reality Fund drives innovation and investment at the intersection of immersive, spatial, and intelligent computing for consumer and enterprise sectors. ## Dawn Capital - Type: VC Fund - Location: London, England, United Kingdom - Relevant deals: 2 - Stages: Series A, Series B, Series C - Focus: Software, SaaS, Information Technology We are a family of investors, entrepreneurs, strategists and operational specialists, drawn together by our passion for helping B2B founders build category-defining companies. ## John Lindfors - Type: Angel - Location: Hong Kong, Hong Kong Island, Hong Kong - Relevant deals: 2 - Stages: Series A, Seed, Series D - Focus: E-Commerce, Eyewear, Internet John Lindfors is a Co-Founder of DST Global. He previously worked at Goldman Sachs as the head of tech and media investment banking in the EMEA region before transitioning to Digital Sky Technologies in 2010. ## PROfounders Capital - Type: VC Fund - Location: London, England, United Kingdom - Relevant deals: 2 - Stages: Seed, Series A, Series B - Focus: Software, SaaS, Apps We are PROfounders. We are the proactive European early-stage venture fund. ## Anssi Vanjoki - Type: Angel - Location: Helsinki, Southern Finland, Finland - Relevant deals: 2 - Stages: Angel, Series A - Focus: Medical, Hardware, Health Care As Executive Vice President and General Manager of Multimedia, Nokia, Anssi Vanjoki heads a business group that is responsible for developing Nokia Nseries multimedia computers and associated experiences and services. This fast growing segment of consumer electronics will shape our lives in a fundamental way. A highly respected brand authoritywith over 25 years of marketing experience, Anssi has been a driving force in Nokia's efforts to address the mobile markets. His work has focused on developing Nokia's brand durability, loyalty and continuity, while, at the same time, advancing Nokia's vision of a mobile world. Anssi joined Nokia in 1991 and was named Vice President, Sales, Nokia Mobile Phones, before his promotion in 1994 to Senior Vice President, Nokia Mobile Phones Europe and Africa. In 1998 he was made Executive Vice President, Nokia Mobile Phones Europe and Africa and became a member of the Group Executive Board of Nokia. In addition, in 1999, Anssi took responsibility for Nokia's Digital Convergence Unit and, in 2002, also headed up the Business Unit Management. He was appointed to his present position on January 1st 2004. Prior to joining Nokia, Anssi held a variety of management positions at 3M Corporation. Anssi is the Chairman of the Board of Amer Group, and was a member of the Governing Committee of the European Foundation for Quality Management 2001 - 2003. He is a Knight, 1st Class, of the Order of the White Rose of Finland. Anssi holds a master's degree in economics from the Helsinki School of Economics and Business Administration. ## Initial Capital - Type: VC Fund - Location: London, England, United Kingdom - Relevant deals: 2 - Stages: Seed, Series A - Focus: Gaming, Mobile, Software Initial Capital is an investor in seed and early-stage technology companies with a focus on games, consumer services & technology enablers. ## Nuard Ventures - Type: VC Fund - Relevant deals: 2 - Stages: Seed - Focus: IaaS, Video, Fashion Nuard Ventures invests in innovative early stage companies. ## Brighteye Ventures - Type: VC Fund - Location: Paris, Ile-de-France, France - Relevant deals: 2 - Stages: Seed, Series A, Pre-Seed - Focus: Education, Software, E-Learning Brighteye Ventures is the first and largest vertical EdTech Venture Capital firm in Europe. If you are an entrepreneur using technology to reinvent learning and education, we want to hear from you! ## Ventech - Type: VC Fund - Location: Paris, Ile-de-France, France - Relevant deals: 2 - Stages: Series A, Series B, Seed - Focus: Software, E-Commerce, Internet On-the-ground expert investors in early-stage digital. Ready to meet you, wherever you are. ## Vsquared Ventures - Type: VC Fund - Location: Munich, Bayern, Germany - Relevant deals: 2 - Stages: Seed, Series A - Focus: Artificial Intelligence, Semiconductor, Manufacturing Vsquared Ventures invests in early-stage deep-tech companies that are tackling society's most pressing challenges, with a focus on quantum and novel computing, green energy, robotics, AI/ML, new space, synthetic biology, and healthcare. It is committed to a partnership and will go to any length to help accelerate and scale vision,unlocking all seemingly impossible possibilities. ## Angular Ventures - Type: VC Fund - Location: London, England, United Kingdom - Relevant deals: 2 - Stages: Seed, Series A, Pre-Seed - Focus: Software, SaaS, Machine Learning Angular Ventures is a specialist venture capital firm committed to founders redefining global markets. ## Otto Hilska - Type: Angel - Relevant deals: 2 - Stages: Seed, Series A - Focus: E-Commerce, Advertising, Electronics Otto is a serial entrepreneur who started his first software company at the age of 18. His second company Flowdock raised money from Silicon Valley and got acquired by Rally Software in 2013. After that he spent four years scaling Smartly.io from 30 to 350 people as the Chief Product Officer.After leaving Smartly.io, Otto started working on yetanother startup. Founded in November 2019, Swarmia is building a B2B SaaS product to help self-organizing software teams to continuously improve their ways of working based on data from development tools.Otto has served as the chairman of Startup Foundation, that’s behind the Slush conference, Junction hackathon, Maria 0-1 startup space, and many other ecosystem projects. ## Tiny VC - Type: VC Fund - Location: Berlin, Berlin, Germany - Relevant deals: 2 - Stages: Pre-Seed, Seed, Series A - Focus: Software, Artificial Intelligence, Information Technology Backing great companies when they're tiny ## Summit Partners - Type: VC Fund - Location: Boston, Massachusetts, United States - Relevant deals: 2 - Stages: Private Equity, Series B - Focus: Software, Information Technology, Health Care Summit Partners is a global alternative investment firm that invests in growth equity, fixed income and public equity opportunities in technology, healthcare and other growth sectors.