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Top 50 Health Care Startup Investors in Finland (August 2026)

The most active venture capital funds and angel investors investing in Finland Health Care startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Finland Health Care startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Business Finland
VC Fund
22 Finland, United States, Sweden Grant, Seed, Debt Financing Software, SaaS, Biotechnology $52k–$10M
Butterfly Ventures
VC Fund
19 Finland, Sweden, Norway Seed, Pre-Seed Software, Health Care, Information Technology $110k–$4.3M
Lifeline Ventures
VC Fund
18 Finland, United States, United Kingdom Seed, Series A Software, Health Care, Artificial Intelligence $549k–$20M
Tesi
VC Fund
17 Finland, United States, Switzerland Series A, Series B Software, Manufacturing, Health Care $2.4M–$41M
Finnvera Venture Capital
VC Fund
15 Finland, United States, Chile Seed, Series A Software, Health Care, Information Technology $250k–$22M
Icebreaker.vc
VC Fund
13 Finland, Sweden, Estonia Pre-Seed, Seed, Series A Software, Information Technology, Artificial Intelligence $110k–$25M
Voima Ventures
VC Fund
13 Finland, Sweden, Norway Seed, Pre-Seed, Series A Biotechnology, Health Care, Artificial Intelligence $464k–$30M
Innovestor
VC Fund
13 Finland, Sweden, Denmark Seed, Pre-Seed Software, Health Care, Information Technology $204k–$4.5M
Springvest
VC Fund
9 Finland Series A, Seed, Venture - Series Unknown Biotechnology, Health Care, Medical $1.6M–$53M
Ali Omar
Angel
8 Finland, United States, Estonia Seed, Pre-Seed, Angel Software, Artificial Intelligence, SaaS $53k–$2.2M
Redstone.VC
VC Fund
7 Germany, Finland, Switzerland Seed, Series A, Pre-Seed Software, Information Technology, Artificial Intelligence $460k–$17M
Reaktor Ventures
VC Fund
7 Finland, Germany, United States Seed, Pre-Seed, Series A Internet, Software, E-Commerce $137k–$6.8M
Nordic Science Investments
VC Fund
6 Finland, Sweden, United States Seed, Pre-Seed, Series A Biotechnology, Medical, Health Diagnostics $373k–$4.6M
Almaral
VC Fund
5 Finland Seed, Convertible Note, Venture - Series Unknown Medical Device, Health Diagnostics, Software $832k–$2.9M
Visionplus
VC Fund
5 Finland, United States, United Kingdom Seed, Series A Software, Information Technology, Internet $77k–$14M
Inventure
VC Fund
5 Finland, Sweden, United States Seed, Series A, Series B Software, Information Technology, Health Care $549k–$25M
Nidoco
VC Fund
4 Finland, Sweden, Estonia Seed, Venture - Series Unknown, Pre-Seed Software, SaaS, Artificial Intelligence $327k–$60M
Maki.vc
VC Fund
4 Finland, Norway, Denmark Seed, Series A, Pre-Seed Software, E-Commerce, Information Technology $834k–$37M
Superhero Capital
VC Fund
4 Finland, Lithuania, Estonia Seed, Pre-Seed, Venture - Series Unknown Software, Information Technology, Artificial Intelligence $212k–$7.3M
Stefan Lindberg
Angel
4 Finland Pre-Seed, Seed, Angel Wellness, Nutrition, Fruit $179k–$549k
Leena Niemistö
Angel
4 Finland, United States Seed, Pre-Seed Health Care, Software, E-Commerce $480k–$3.4M
University of Helsinki
VC Fund
4 Finland, Luxembourg, United States Seed, Pre-Seed, Series A Medical, Health Care, Biotechnology $54k–$7.4M
VTT Ventures
VC Fund
4 Finland Seed, Series A Manufacturing, Biotechnology, Energy $460k–$13M
Oy Hammaren & Co Ab
VC Fund
4 Finland Angel, Series A Health Care, Wellness, GreenTech
Antler
VC Fund
4 Singapore, Australia, United Kingdom Pre-Seed, Seed, Series A Software, Artificial Intelligence, Information Technology $100k–$29M
Nostetta Ventures
VC Fund
3 Finland Seed, Pre-Seed Health Care, Medical Device $1.1M–$2.9M
M Ventures
VC Fund
3 United States, United Kingdom, Switzerland Series A, Series B, Seed Biotechnology, Health Care, Therapeutics
Jyri Engestrom
Angel
3 United States, Finland, Spain Seed, Pre-Seed, Series A Software, Apps, Internet $600k–$20M
Cor Group
VC Fund
3 Finland Seed, Pre-Seed, Series A Health Care, Medical, Biotechnology $2.3M–$8.7M
HealthCap
VC Fund
3 United States, Sweden, France Series B, Series A Biotechnology, Health Care, Medical $5.7M–$92M
Apteekkien Eläkekassa
VC Fund
3 Finland Venture - Series Unknown Health Care
Athensmed
VC Fund
3 Finland, Switzerland Seed, Series A Health Care, Health Diagnostics, Medical $1.1M–$4.3M
Johannes Schildt
Angel
3 Sweden, Finland, United States Seed, Pre-Seed, Series A Health Care, Software, Artificial Intelligence $641k–$18M
Lynx Capital
VC Fund
3 Finland Series A, Seed Health Care, Medical, Therapeutics
Elias Aalto
Angel
3 Finland, Sweden, Estonia Seed, Pre-Seed, Series A Internet, Health Care, Information Technology $430k–$10M
Sitra
VC Fund
3 Finland, The Netherlands Series A, Series C Health Care, Biotechnology, Therapeutics
Gorilla Capital
VC Fund
3 Finland, Sweden, Estonia Pre-Seed, Seed, Venture - Series Unknown Software, SaaS, Information Technology $149k–$1.5M
Henry Nilert
Angel
2 Finland, Latvia, United States Pre-Seed, Seed, Angel Software, Health Care, Enterprise Software $393k–$2.6M
Broadview Ventures
VC Fund
2 United States, Israel, Denmark Series A, Seed, Debt Financing Health Care, Biotechnology, Medical Device
Sparkmind.vc
VC Fund
2 Finland, Germany, Sweden Seed, Series A Education, E-Learning, Software $793k–$10M
Avohoidon Tutkimussäätiö
VC Fund
2 Finland Seed Medical, Health Care, Therapeutics $591k–$957k
Conor Venture Partners
VC Fund
2 Finland, United States, Sweden Series A, Series B, Seed Software, Analytics, Semiconductor $1.1M–$16M
Kustaa Piha
Angel
2 Finland Seed Health Care, Health Diagnostics, Medical Device $549k–$1.3M
Zanichelli Venture
VC Fund
2 United States, Italy, United Kingdom Seed, Series A, Pre-Seed Education, E-Learning, EdTech $695k–$10M
Sofinnova Partners
VC Fund
2 France, United States, United Kingdom Series A, Series B, Series C Biotechnology, Health Care, Medical $6.6M–$109M
Korpun Siemen
VC Fund
2 Finland Seed, Angel Software, Information Technology, Pet
Samsung Venture Investment
VC Fund
2 South Korea, United States, India Series A, Series B, Seed Information Technology, Software, Health Care
Pontos Group
VC Fund
2 Finland Genetics, Hospital, Automotive
Novo Holdings
VC Fund
2 United States, Denmark, United Kingdom Series A, Series B, Series C Biotechnology, Health Care, Medical
Stephen Industries
VC Fund
2 Finland Seed, Series A Apps, Water, Energy
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Access 48,091 investors

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

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Investor list

Business Finland
VC Fund · Helsinki, Southern Finland, Finland · 22 investments in Finland Health Care startups, 19 in the past 12 months

Business Finland finances business R&D projects and public research projects at universities, research institutes and universities of applied sciences. Read more about R&D and business funding.

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Investment focus

  • Industry: Software, SaaS, Biotechnology
  • Stage:Grant, Seed, Debt Financing
  • Geography: Finland, United States, Sweden

Investor stats

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

Portfolio highlights

  • eMabler — EMabler is an EV charging infrastructure software company that develops an API-first platform used by businesses to operate, manage, and scale electric vehicle charging networks. It provides a centralized system for charge point management, billing, pricing, roaming, and energy optimization, allowing operators to control large networks of EVchargers from a single platform. The software connects charging hardware with business systems such as CRM, payment, and energy management tools through open APIs and a large library of integrations. The company focuses on enabling enterprises, such as energy utilities, parking operators, and retail businesses, to embed EV charging directly into their existing services and digital platforms rather than building standalone charging systems. This includes white-label solutions where charging is integrated into a company’s own app or customer experience under its brand.
  • Coolbrook — Our RotoDynamic electric technology can cut 30% of industrial emissions annually, delivering hope at industrial scale.
  • Solar Foods — Solar Foods is a food-tech startup that specializes in testing a technology that uses electricity to produce hydrogen which is combined with carbon dioxide, water, vitamins, and minerals to feed and grow microbial biomass that can be used as edible protein. The industrial biotech startup develops a protein called Solein, a nutritious, sustainablesubstitute for animal-derived proteins. Solein is created using elements from the air—CO2, water, nitrogen—and electricity. This single-cell protein is cultivated through gas fermentation, essentially deriving edible calories from hydrogen-oxidizing microbes.
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Butterfly Ventures
VC Fund · Oulu, Oulu, Finland · 19 investments in Finland Health Care 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: 89
  • Round size: Seed $275k–$2.1M; Pre-Seed $110k–$4.3M
  • Lead/follow: 42% lead, 58% follow

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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Lifeline Ventures
VC Fund · Helsinki, Southern Finland, Finland · 18 investments in Finland Health Care 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
  • Geography: Finland, United States, United Kingdom

Investor stats

  • Total investments: 196
  • Round size: Seed $549k–$5.4M; Series A $2.8M–$20M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: Likely still investing — raised $171M in 2023

Portfolio highlights

  • Thor Dynamics — Directed Energy Systems for Counter-Drone Defense
  • Everywear Games — Metacore is a wearable game studio. The company was founded in 2014 by industry veterans from Remedy, Digital Chocolate and Rovio and it is the pioneer of smartwatch gaming. It’s award-winning Apple Watch launch title, Runeblade, has received worldwide recognition from press, fans and industry heavyweights and it’s games are consistently on top ofglobal charts.
  • Hyperion Robotics — We are accelerating the transition to sustainable and automated construction with Concrete 3D Printing.
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Tesi
VC Fund · Helsinki, Southern Finland, Finland · 17 investments in Finland Health Care startups

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

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Investment focus

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

Investor stats

  • Total investments: 152
  • Round size: Series A $2.4M–$41M; Series B $3.1M–$35M
  • Lead/follow: 16% lead, 84% follow

Portfolio highlights

  • ICEYE — Gain access to timely and reliable SAR imaging from the world's leading New Space SAR satellite constellation.
  • Vexlum — A #laser company providing high-power #VECSELs for #QuantumTechnology
  • CurifyLabs — CurifyLabs enables 3D printed personalized medicines in pharmacies and hospitals. Always close to the patient.
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Finnvera Venture Capital
VC Fund · Kuopio, Eastern Finland, Finland · 15 investments in Finland Health Care startups

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

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Investment focus

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

Investor stats

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

Portfolio highlights

  • ARAUCO — ARAUCO is a diversified global company in the forestry industry. They use world-class technologies and processes throughout the value chain. They are present in the forestry, pulp, timber, panels and renewable energy businesses.
  • eMabler — EMabler is an EV charging infrastructure software company that develops an API-first platform used by businesses to operate, manage, and scale electric vehicle charging networks. It provides a centralized system for charge point management, billing, pricing, roaming, and energy optimization, allowing operators to control large networks of EVchargers from a single platform. The software connects charging hardware with business systems such as CRM, payment, and energy management tools through open APIs and a large library of integrations. The company focuses on enabling enterprises, such as energy utilities, parking operators, and retail businesses, to embed EV charging directly into their existing services and digital platforms rather than building standalone charging systems. This includes white-label solutions where charging is integrated into a company’s own app or customer experience under its brand.
  • CHAOS — 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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Icebreaker.vc
VC Fund · Helsinki, Southern Finland, Finland · 13 investments in Finland Health Care startups

Founded in 2016, Icebreaker has invested in over 50 fast-growing tech startups built by domain expert founders from companies like Rovio, Nordea, Pipedrive, Eniram, IBM and BCG. In addition to the fund, Icebreaker also runs a community of more than 1000 founders and pre-founders with 5+ years of relevant industry experience and the will to start,build or join strong tech companies.With the initial ticket sizes of €150k - 800K Icebreaker provides enough funding for companies to get to a position of strength and avoid post-accelerator limbo without having to resort to disreputable sources of capital and unfriendly deal terms.

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Investment focus

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

Investor stats

  • Total investments: 135
  • Round size: Seed $384k–$5.2M; Pre-Seed $110k–$1.3M; Series A $3.1M–$25M
  • Lead/follow: 55% lead, 45% follow
  • Last fund: May invest from a new fund soon — raised $22M in 2021

Portfolio highlights

  • Cytely — Cytely operationalizes biological measurement, turning microscopy into standardized, reproducible data so research teams can accelerate discovery.
  • Oplane — Connect your repo. See and fix your vulnerabilities in minutes. AI-powered threat modeling - no consultants, no weeks of docs.
  • ReOrbit — Looking for a way to keep your data flowing in space? ReOrbit has you covered with our line of autonomous and inter-networking satellites!
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Voima Ventures
VC Fund · Helsinki, Southern Finland, Finland · 13 investments in Finland Health Care startups

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

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Investment focus

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

Investor stats

  • Total investments: 60
  • Round size: Seed $1M–$5.9M; Pre-Seed $464k–$2.1M; Series A $3.9M–$30M
  • Lead/follow: 63% lead, 37% follow

Portfolio highlights

  • 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.
  • Adamant Health — Adamant Health’s unique technology to analyse Parkinson’s disease symptoms is based on over 15 years of academic research at the University of Eastern Finland. With the technology, clinicians have several days detailed visibility to the patient’s symptoms and is able to optimise the treatment accordingly. Pharma companies benefit from the objectiveand long-term RW data in their clinical and post market studies and can utilise it as complementary diagnostics tool for personalised medication.
  • Sofi Filtration — Innovation in Industrial Liquid Filtration
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Innovestor
VC Fund · Helsinki, Southern Finland, Finland · 13 investments in Finland Health Care startups

Innovestor is an active Finnish investment manager, focusing on venture capital, real estate, and energy storage. We also offer corporate venturing services.

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Investment focus

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

Investor stats

  • Total investments: 89
  • Round size: Seed $478k–$4.5M; Pre-Seed $204k–$2M
  • Lead/follow: 58% lead, 42% follow
  • Last fund: May invest from a new fund soon — raised $35M in 2020

Portfolio highlights

  • Retailgrid — Agentic AI pricing platform for mid-market retailers. Turn messy retail data into structured, explainable price decisions in days, not months.
  • Bahn Express — Euroopan nopein autojen kuljetus. Autoliikkeille, autokauppiaille ja kalustonhallintaan. Euroopan halki 72 tunnissa.
  • Cornea Sense — CorneaSense is a medtech startup developing a non-invasive, eye-based sensing device that measures ocular surface hydration to enable early detection and monitoring of conditions such as dry eye disease and systemic health disorders. The technology aims to provide real-time, objective eye biomarkers for improved clinical diagnosis and patient care.
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Springvest
VC Fund · Helsinki, Southern Finland, Finland · 9 investments in Finland Health Care startups

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

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Investment focus

  • Industry: Biotechnology, Health Care, Medical
  • Stage:Series A, Seed, Venture - Series Unknown
  • Geography: Finland

Investor stats

  • Total investments: 23
  • Round size: Seed $1.6M–$7.6M; Series A $3.6M–$53M; Venture - Series Unknown $9.1M–$29M
  • Lead/follow: 74% lead, 26% follow

Portfolio highlights

  • ReOrbit — Looking for a way to keep your data flowing in space? ReOrbit has you covered with our line of autonomous and inter-networking satellites!
  • MedicubeX — MedicubeX aims to revolutionize preventive healthcare by building a network of autonomous self-measurement and telehealth eHealth Stations. We are the most advanced health kiosk and the first one in the Nordics. The eHealth Station offers regular clinical-grade medical check-ups for everyone regardless of location.
  • CurifyLabs — CurifyLabs enables 3D printed personalized medicines in pharmacies and hospitals. Always close to the patient.
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Ali Omar
Angel · Helsinki, Southern Finland, Finland · 8 investments in Finland Health Care 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: 62
  • Round size: Seed $263k–$2.2M; Angel $53k–$1.6M; Pre-Seed $165k–$724k
  • Lead/follow: 16% lead, 84% 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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Access 48,091 investors

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

Browse database — It's Free!
Redstone.VC
VC Fund · Berlin, Berlin, Germany · 7 investments in Finland Health Care startups, 24 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: 177
  • Round size: Seed $460k–$8M; Pre-Seed $1M–$4.4M; Series A $1.6M–$17M
  • Lead/follow: 41% lead, 59% follow
  • Last fund: Likely still investing — raised $57M in 2023

Portfolio highlights

  • Nomerra — The AI Coworker in Private Market Operations
  • 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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Reaktor Ventures
VC Fund · Helsinki, Southern Finland, Finland · 7 investments in Finland Health Care startups

Reaktor Ventures they invest in seed stage companies and helps them to create markets.

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Investment focus

  • Industry: Internet, Software, E-Commerce
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Finland, Germany, United States

Investor stats

  • Total investments: 58
  • Round size: Seed $137k–$2M; Pre-Seed $159k–$1.8M; Series A $1.7M–$6.8M
  • Lead/follow: 14% lead, 86% follow

Portfolio highlights

  • Valpas — Valpas is the hygiene protocol that reassures your future guests and keeps your hotel clean from the most uncontrollable: bed bugs
  • allies.digital — Allies is a match-making platform curating businesses with IT-, digital and creative agencies. No more miss-matches when buying IT & creative services.
  • StarBerry Games — StarBerry Games GmbH is a mobile games company based in Berlin, Germany. The company develops free-to-play casual mobile games and is best known for its games Merge Mayor and Idle Coffee Corp.
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Nordic Science Investments
VC Fund · 6 investments in Finland Health Care startups

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

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Investment focus

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

Investor stats

  • Total investments: 17
  • Round size: Seed $373k–$4.6M; Pre-Seed $380k–$837k; Series A $2.9M–$3.9M
  • Lead/follow: 88% lead, 12% follow

Portfolio highlights

  • CubaseBio — Cubase Bio is a biotechnology business that focuses on spatial biology tools. It creates solutions for 3D spatial analysis to speed up drug discovery.
  • mu-ray.tech — Mu-ray.tech is focused on advancing the field of medical diagnostics and industrial quality control. mu-ray.tech is developing a groundbreaking technology for the rapid, safe and accurate 3D-imaging of the chemical composition of scanned objects, serving critical needs in industrial quality control and medical diagnostics. The technology is basedon Muon Beam Imaging (MBI), an innovative technology leveraging Laser Plasma Accelerator-based artificial muon sources, new generation particle detector systems and AI. In industry, we are working with the partners in the heavy, aerospace, and defence domains.mu-ray.tech operates at the three sites: DESY in Hamburg (hardware), Tehnopol in Tallinn (algorithms and software), and Bradfield Centre in Cambridge (algorithms, business development). Our main collaboration on the MBI technology partners are GScan in Estonia and UK, DESY in Hamburg, the University of Cambridge, and KBFI in Tallinn.
  • Perfat Technologies — Perfect fats for better foods.
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Almaral
VC Fund · Kaarina, Western Finland, Finland · 5 investments in Finland Health Care startups

Almaral provides risk management advice long-term strategy development budgeting operational function setup legal support early-stage sales and marketing function setup, and commercialization.

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Investment focus

  • Industry: Medical Device, Health Diagnostics, Software
  • Stage:Seed, Convertible Note, Venture - Series Unknown
  • Geography: Finland

Investor stats

  • Total investments: 6
  • Round size: Seed $832k–$2.9M
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Fepod — Fepod Oy Ltd develops a point-of-care diagnostics platform for rapid blood concentration measurement of pain medicine and other markers. Using a mobile phone, portable reader, and disposable sensors, it delivers quick, accurate results in minutes, enabling timely treatment decisions in acute care settings. The company aims to be the #1 acute carePOC diagnostics platform by 2030.
  • Marginum — Pioneering the next-generation quantitative surgical techniques.
  • Moncyte Health — Unique technology and novel data for personalized and optimal treatment of high cholesterol
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Visionplus
VC Fund · Helsinki, Southern Finland, Finland · 5 investments in Finland Health Care startups

WE HELP YOU TO GROW FASTER!

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Investment focus

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

Investor stats

  • Total investments: 74
  • Round size: Seed $77k–$1.3M; Series A $2M–$14M
  • Lead/follow: 16% lead, 84% follow

Portfolio highlights

  • Gizlo — Own gizlo.com today. Secure checkout and guided transfer support. No hidden fees.
  • Enreach — ZEUS99 Situs Slot Game Resmi Perpaduan Game Demo Wild Bandito Game Online Bertemakan Koboi Barat Dengan Banyak Bonus Menarik Yang Tersedia Di PG Soft Terpercaya
  • Film Finances — Discover Film Finances Inc., the global leader in film completion guarantees, ensuring on-schedule and on-budget delivery for over seven decades. Explore our services and industry expertise.
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Inventure
VC Fund · Helsinki, Southern Finland, Finland · 5 investments in Finland Health Care startups

Since 2005, Inventure has backed over 90 companies including Wolt, Swappie, Jobbatical, aiMotive, and more.

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Investment focus

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

Investor stats

  • Total investments: 176
  • Round size: Seed $549k–$5.9M; Series A $1.3M–$17M; Series B $1.3M–$25M
  • Lead/follow: 48% lead, 52% follow
  • Last fund: Likely still investing — raised $169M in 2022

Portfolio highlights

  • Leetify — We help gamers identify their weaknesses, work on those weaknesses and track their progression.
  • UpCloud — World's fastest cloud servers with a 100% uptime SLA! Sign up for a free trial today.
  • ONEiO — ONEiO is a cloud-native integration service provider connecting people, processes, and tools – enabling seamless collaboration without traditional integration hassle. Provided as a turn-key solution, as self-service, or something in between. You choose.
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Nidoco
VC Fund · Stockholm, Stockholms Lan, Sweden · 4 investments in Finland Health Care 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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Maki.vc
VC Fund · Helsinki, Southern Finland, Finland · 4 investments in Finland Health Care startups

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

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Investment focus

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

Investor stats

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

Portfolio highlights

  • Aavuus — Aavuus is building a global network of ground-based laser stations to detect and track space debris with high precision.
  • Disior — At Disior, we build software to measure and model tissue structures in CT- and MRI-images for better diagnosis and treatment planning.Our solutions are for clinical use. They enable fast, accurate and reproducible measuring for diagnostics and patient-specific, optimized treatment planning. Based on mathematical modelling, Disior algorithmsextract the correct shape or structure from the medical image. This way, the software is not dependent on finding familiar structures or comparing something to reference data. We combine engineering and R&D talent with medical and biotechnology professionals. Our team brings together decades of experience in creating world’s best simulation and modelling systems from smartphone R&D; clinicians and researchers in maxillofacial and orthopedics; and technology innovation and commercialization.For demo, pilots and research projects, please contact Anna-Maria Henell, CEO: +358 50 483 6433 / anna-maria (at) disior.com
  • Quanscient — Quanscient develops multiphysics simulation software utilizing quantum computing algorithms to improve simulation technology. Its Computer Aided Engineering (CAE) platform integrates a unique combination of cloud-native multiphysics solvers, advanced cloud computing, and future quantum integration. The platform also offers engineers over ahundredfold increase in simulation throughput to enable fully digital R&D processes, addressing complex technology challenges in industries like fusion energy, 6G/7G, advanced semiconductors, biomedical, automotive, and aerospace.
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Superhero Capital
VC Fund · Helsinki, Southern Finland, Finland · 4 investments in Finland Health Care startups

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

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Investment focus

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

Investor stats

  • Total investments: 97
  • Round size: Seed $212k–$2.6M; Pre-Seed $618k–$1.8M; Venture - Series Unknown $1.6M–$7.3M
  • Lead/follow: 54% lead, 46% follow
  • Last fund: May invest from a new fund soon — raised $35M in 2020

Portfolio highlights

  • Zadaa — For Zadaa users: continue secondhand shopping and selling on Bought, the new app from Helsinki that automates listings from your past purchases.
  • ADESANTE — SurgeryVision is a Virtual Reality solution for Surgeons. Product is intended to be used for planning surgical procedures.
  • Creagent — Find designers. Screened & shortlisted. Easy, fast and cost-effective - the smart way of sourcing with AI.
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Stefan Lindberg
Angel · Helsinki, Southern Finland, Finland · 4 investments in Finland Health Care startups

Stefan Lindberg is co-owner of YSUB.

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Investment focus

  • Industry: Wellness, Nutrition, Fruit
  • Stage:Pre-Seed, Seed, Angel
  • Geography: Finland

Investor stats

  • Total investments: 6
  • Round size: Seed $296k–$430k; Pre-Seed $179k–$549k
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • YSUB — YSUB produces a beverage containing hemp - lemonade with a hint of hemp seeds, soothing botanicals, and some vitamins. It also has CBD beverage, but cannot sell due to regulations in Finland and other Nordic countries and is trying to create a campaign to create awareness.
  • Vegemi — Vegemi is a free smartphone app that promotes eating fruits and vegetables through gaming. The software was designed with the entire family in mind, but especially to demonstrate youngsters the health advantages of fruits and vegetables in a way that motivates and inspires them.
  • sommify — Catalogue in, curated offer out. sommify pairs your wines to a restaurant's menu, prices every pour, and exports a beautiful branded document.
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Leena Niemistö
Angel · Helsinki, Southern Finland, Finland · 4 investments in Finland Health Care startups

Leena Niemistö

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Investment focus

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

Investor stats

  • Total investments: 19
  • Round size: Seed $480k–$3.4M
  • Lead/follow: 16% lead, 84% follow

Portfolio highlights

  • Vapaus — A circular economy startup Vapaus provides sustainable mobility solutions – Employee benefit bicycles and shared electric vehicles as a ready-to-use serviceWith its services, Vapaus supports customers’ to create and strengthen a better experience of the work community, to save on the costs of commuting and business travels, and to move towardssmarter and more environmentally friendly modes of transport, both at work and in employees’ leisure time.Every kilometer traveled by the Vapaus mobility solution removes carbon dioxide from the air, helping not only the environment but also customers on their way to carbon neutrality. The mission of Vapaus is to be a global leader when it comes to sustainable Corporate Mobility.
  • ADESANTE — SurgeryVision is a Virtual Reality solution for Surgeons. Product is intended to be used for planning surgical procedures.
  • Maire — Maire - AI co-pilot for industry leading B2C E-commerce brands. From Industry Trends to Market Research and Search Intent Analysis
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University of Helsinki
VC Fund · Helsinki, Southern Finland, Finland · 4 investments in Finland Health Care startups

The University of Helsinki has the widest range of disciplines in Finland. It was established in Turku in 1640, but was transferred to Helsinki in 1828. The number of faculties is eleven. There are 35,000 degree students and 7,900 staff. The number of degrees taken each year is an average 5,000, of which about 470 are doctorates. The Universityconcentrates on high-level scientific research and researcher education. Scientific research is also the basis of the teaching provided by the University. The University operations support the development of society, as well as business and industry. University representatives offer their competencies for the benefit of society through a number of positions of trust and expertise. The results produced by the research and teaching carried out at the University have been widely acclaimed. The University participates in more than half of the national Centres of Excellence in Research, elected by international scientific panels. The University of Helsinki has been invited to be a member of the League of European Research Universities, a co-operation body for the leading European research universities. According to international expert panels, also the teaching provided by the University of Helsinki is of a high European level. The University has strong international connections. It has some 80 co-operation agreements with universities on different continents. The University researchers are in great demand as experts in international scientific communities, meetings and publications. The University is bilingual, but in addition to Finnish and Swedish teaching is also provided in English. Besides Helsinki, the University has operations at 20 localities throughout Finland.

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Investment focus

  • Industry: Medical, Health Care, Biotechnology
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Finland, Luxembourg, United States

Investor stats

  • Total investments: 11
  • Round size: Seed $54k–$7.4M; Pre-Seed $837k–$1.2M; Series A $2.9M–$3.9M
  • Lead/follow: 18% lead, 82% follow

Portfolio highlights

  • Ferrivia — Ferrivia Oy is a Finnish health-tech startup specializes in digital health services and personalized tracking for iron deficiency and low ferritin levels.
  • MultivisionDx — MultivisionDx's computer vision technology integrates the tumor's unique biological and geographical properties, as well as its milieu, to generate patient-specific tumor profiles.
  • Avenue Biosciences — From biotechnology tools to therapy discovery and development: Our platform enhances production yield and the quality of your end product.
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VTT Ventures
VC Fund · Espoo, Southern Finland, Finland · 4 investments in Finland Health Care 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, Energy
  • Stage:Seed, Series A
  • Geography: Finland

Investor stats

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

Portfolio highlights

  • Dispelix — See-through, full color waveguide combiners for a wide range of XR applications. From near-eye to head-up.
  • Solar Foods — Solar Foods is a food-tech startup that specializes in testing a technology that uses electricity to produce hydrogen which is combined with carbon dioxide, water, vitamins, and minerals to feed and grow microbial biomass that can be used as edible protein. The industrial biotech startup develops a protein called Solein, a nutritious, sustainablesubstitute for animal-derived proteins. Solein is created using elements from the air—CO2, water, nitrogen—and electricity. This single-cell protein is cultivated through gas fermentation, essentially deriving edible calories from hydrogen-oxidizing microbes.
  • Infinited Fiber Company — Infinited Fiber Company is a Finnish biotech founded in 2016 to commercialize a breakthrough recycling technology that can turn cellulose-rich raw materials – like cotton-rich textile waste, used cardboard, or wheat or rice straw – into high-quality textile fibers with the look and feel of cotton. The patented technology has been validated byleading brands and is ready to be scaled. Infinited Fiber Company won the Europas 2020 Hottest Sustainability Tech Award, and was listed on the Global 50 to Watch by Cleantech Group in 2019. In 2016 Infinited Fiber Company was selected into WWF’s Climate Solver network. The company is headquartered in Espoo, Finland.
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Oy Hammaren & Co Ab
VC Fund · Finland, Minnesota, United States · 4 investments in Finland Health Care startups

Oy Hammaren & Co Ab provides financial services and insurance activities.

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Investment focus

  • Industry: Health Care, Wellness, GreenTech
  • Stage:Angel, Series A
  • Geography: Finland

Investor stats

  • Total investments: 4
  • 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.
  • Heltti — Heltti redefines occupational healthcare and well-being services with technology and a subscription model. Heltti develops the most lovable digital health care systems. Heltti is a Finnish occupational health care company founded in 2013. It is owned by its employees and a handful of renowned Finnish investors, such as Risto Siilasmaa.
  • NaturVention — Naava helps you to make safer and healthier indoor spaces - experience Naava green wall, a striking combination of nature and high-end technology.
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Antler
VC Fund · Singapore, Central Region, Singapore · 4 investments in Finland Health Care 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: 2216
  • Round size: Seed $159k–$4.6M; Pre-Seed $100k–$645k; Series A $4.1M–$29M
  • Lead/follow: 43% lead, 57% follow
  • Last fund: Likely still investing — raised $72M in 2024

Portfolio highlights

  • Praktiki — Praktiki is building the "Decision Layer" for medicine.While medical knowledge doubles every 73 days, frontline clinicians struggle to translate guidelines into practice. Current AI search tools excel at surfacing public data from clinical trials, but fail to capture "how" experts apply that evidence in real-world scenarios.Praktiki fills this gap. We utilise an AI Agentic Creator Engine to capture tacit specialist reasoning and fuse it with public evidence. This feeds a proprietary Expert Knowledge Graph that powers: 1) Microlearning: Case-based modules created 10x faster and which are 170% more effective than traditional education 2) AI Expert Guidance: Real-time decision support synthesising evidence with expert implementation strategies.2025 Traction - our MVP proved that solving the expertise gap drives high engagement: - Registered >10% of UK GPs - 60,000+ modules completed with an 85% completion rate - 51% month-over-month growth - Market-leading NPS of 83We are building a compounding data moat to expand beyond education into clinical intelligence and healthcare data solutions.
  • Mast — Mast is the cloud-native, fully configurable loan origination platform empowering lenders to process applications faster and smarter. We make lending better, smoother and faster.
  • 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.
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Nostetta Ventures
VC Fund · Kuopio, Eastern Finland, Finland · 3 investments in Finland Health Care startups

Nostetta Ventures is a venture capital company investing in growth companies mainly in the North Savo region.

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Investment focus

  • Industry: Health Care, Medical Device
  • Stage:Seed, Pre-Seed
  • Geography: Finland

Investor stats

  • Total investments: 3
  • Round size: Seed $1.1M–$2.9M
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • Marginum — Pioneering the next-generation quantitative surgical techniques.
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M Ventures
VC Fund · Amsterdam, Noord-Holland, The Netherlands · 3 investments in Finland Health Care startups, 16 in the past 12 months

Merck Ventures is the strategic, corporate venture capital arm of Merck. Its mandate is to invest in innovative technologies and products with the potential to significantly impact Merck‘s core business areas. From its headquarters in Amsterdam and offices in the US and Israel we invest globally in transformational ideas driven by greatentrepreneurs. Merck Ventures takes an active role in its portfolio companies and teams up with entrepreneurs and co-investors to translate innovation towards commercial success. Merck Ventures has a significant focus on early-stage investing and company creation including the creation of spin-offs to leverage Merck‘s science and technology base.

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Investment focus

  • Industry: Biotechnology, Health Care, Therapeutics
  • Stage:Series A, Series B, Seed
  • Geography: United States, United Kingdom, Switzerland

Investor stats

  • Total investments: 145
  • Lead/follow: no public data

Portfolio highlights

  • IonKraft — IonKraft can provide better performance at a lower cost while maintaining recyclability, they also promote material reduction and reuse and are commercializing the technology with funding from the German Federal Ministry for Economic Affairs and Energy (BMWi).
  • NovoLINC — NovoLINC is a pioneering startup that provides thermal interface solutions. It develops a distinctive system of nanostructured materials and a proprietary manufacturing process with the objective of transforming thermal management.
  • TRIMTECH Therapeutics — TRIMTECH Therapeutics is a biotech organization that treats neurodegenerative illnesses by using targeted protein degradation (TPD).
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Jyri Engestrom
Angel · San Francisco, California, United States · 3 investments in Finland Health Care startups

Jyri Engeström is an Investor and Partner of Yes VC. He attended Lancaster University

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Investment focus

  • Industry: Software, Apps, Internet
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Finland, Spain

Investor stats

  • Total investments: 32
  • Round size: Seed $600k–$4.7M; Series A $2.8M–$20M
  • Lead/follow: 19% lead, 81% follow

Portfolio highlights

  • Jow — Jow is a grocery shopping app that simplifies shopping and gives advice of what to eat. This app offers free and simple recipes that adapt to the customer's taste. It automatically creates a customized menu with delicious recipes and fills the cart with all the ingredients necessary for cooking.Jow was founded in 2017 and is headquartered inParis, France.
  • Everywear — Everywear’s B2B eCommerce software personalizes the customer shopping experience through data-driven editorial expertise, auto-styling, and deep data analytics resulting in proven increased conversion, LTV, and AOV.
  • Orchid Labs — Orchid Labs is an open-source project committed to ending surveillance and censorship on the internet. Orchid uses an overlay network built upon the existing internet, which is driven by a peer-to-peer tokenized bandwidth exchange, creating a more inclusive, liberated internet. Orchid Labs was founded in 2017 by Dr. Steven Waterhouse, Jay Freeman,Brian J. Fox, Gustav Simonsson, and Stephen Bell.
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Cor Group
VC Fund · Oulu, Oulu, Finland · 3 investments in Finland Health Care startups

Cor Group management consulting firm serving Psychological, Educational, and Behavioral Services.

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Investment focus

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

Investor stats

  • Total investments: 5
  • Round size: Seed $2.3M–$8.7M
  • Lead/follow: 40% lead, 60% follow

Portfolio highlights

  • Gosta Labs — Focus on care
  • Adamant Health — Adamant Health’s unique technology to analyse Parkinson’s disease symptoms is based on over 15 years of academic research at the University of Eastern Finland. With the technology, clinicians have several days detailed visibility to the patient’s symptoms and is able to optimise the treatment accordingly. Pharma companies benefit from the objectiveand long-term RW data in their clinical and post market studies and can utilise it as complementary diagnostics tool for personalised medication.
  • Nightingale Health — The most advanced health check for the health industry.
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HealthCap
VC Fund · Stockholm, Stockholms Lan, Sweden · 3 investments in Finland Health Care startups

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

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Investment focus

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

Investor stats

  • Total investments: 133
  • Round size: Series A $5.7M–$85M; Series B $12M–$92M
  • Lead/follow: 24% lead, 76% follow
  • Last fund: May invest from a new fund soon — raised $209M in 2019

Portfolio highlights

  • Neobiomics — Neobiomics is a Swedish life-science company that develops nutritional products for preterm infants and neonatal care. Its best-known products include ProPrems® and NeoMega36®.
  • CurifyLabs — CurifyLabs enables 3D printed personalized medicines in pharmacies and hospitals. Always close to the patient.
  • Ultragenyx Pharmaceutical — Ultragenyx is focused on developing first-ever approved treatments for rare and ultrarare diseases and moving the rare disease community forward.
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Apteekkien Eläkekassa
VC Fund · Helsinki, Southern Finland, Finland · 3 investments in Finland Health Care startups

The Pharmacy Pension Fund offers insurance services. Their services include employment pension statement, secure message, applying for a pension, insurance matters, pensioner and beneficiary services, vocational rehabilitation travel reimbursement application, and certificate of pension.

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Investment focus

  • Industry: Health Care
  • Stage:Venture - Series Unknown
  • Geography: Finland

Investor stats

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

Portfolio highlights

  • Nukute — Nukute is a medical device and services development company that intends to design, patent, and market medical devices and services related to sleep apnea. The company's sleep apnea screening and diagnostics solution includes two wireless wearable sensors, a tablet computer, and a cloud application. Wearable sensors record biosignals such asbreathing, blood oxygen saturation, heart rate and sleeping position to be analyzed in the cloud using a machine learning algorithm.Nukute was established in 2015 and is headquartered in Oulu, Finland.
  • CurifyLabs — CurifyLabs enables 3D printed personalized medicines in pharmacies and hospitals. Always close to the patient.
  • Koite Health — Koite Health develops medical equipment using antimicrobial photodynamic treatment. It is a health technology firm that pioneered the creation of light-activated antibacterial treatments and preventative measures for oral ailments. It uses LED lighting technology with the light-activated, antibacterial lumorinse mouthwash.
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Athensmed
VC Fund · 3 investments in Finland Health Care startups

Athensmed Oy

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Investment focus

  • Industry: Health Care, Health Diagnostics, Medical
  • Stage:Seed, Series A
  • Geography: Finland, Switzerland

Investor stats

  • Total investments: 5
  • Round size: Seed $1.1M–$4.3M
  • Lead/follow: 40% lead, 60% follow

Portfolio highlights

  • Biospectal — Measure and track blood pressure with only your phone camera and fingertip. With OptIBP, you can keep a diary of blood pressure, share BP, and take control of your heart health.
  • 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.
  • Moncyte Health — Unique technology and novel data for personalized and optimal treatment of high cholesterol
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Johannes Schildt
Angel · Stockholm, Stockholms Lan, Sweden · 3 investments in Finland Health Care startups

Johannes Schildt, a true serial entrepreneur who founded or co-founded more than 3 companies, started his first company while still in school. Schildt later made a meteoric career at Stardoll working alongside people like Henrik Torstensson & Marcus Gners. Johannes successfully launched Stardoll's first official Facebook game, reaching1,000,000 monthly unique users within 3 months after launch. Today, Johannes is the CEO & Co-founder of Kry. By combining new technology with leading medical expertise KRY has built a platform to make healthcare digital.

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Investment focus

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

Investor stats

  • Total investments: 14
  • Round size: Seed $2.8M–$4.4M; Pre-Seed $641k–$4M; Series A $17M–$18M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Noru — A living record of processing activities that maintains itself by reading your systems, not by asking around.
  • Cerrion — Cerrion is a visual AI that helps production teams react faster to process deviations, automate root cause analysis, and implement targeted improvement actions. They believe that process transparency enabled by AI and computer vision is key to achieving more autonomy and sustainability in manufacturing. Their software is built and designed withproduction teams from all over the world in the loop.
  • Fika Jobs — Stand out from the crowd. Find your perfect job.
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Lynx Capital
VC Fund · Shanghai, Shanghai, China · 3 investments in Finland Health Care startups

cross-border, healthcare, life science, investment, VC, China, US

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Investment focus

  • Industry: Health Care, Medical, Therapeutics
  • Stage:Series A, Seed
  • Geography: Finland

Investor stats

  • Total investments: 4
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Marginum — Pioneering the next-generation quantitative surgical techniques.
  • Elucida Oncology — Elucida Oncology focuses on transforming outcomes for patients with primary solid tumors and metastatic cancer. The company utilizes the novel target or clear capabilities of its ultra-small C-Dot cancer-targeting particle platform across diagnostic imaging, surgical, and a wide range of therapeutic applications.
  • Bone Index Finland — Bindex® is – in addition to DXA devices – the only device that can be used for osteoporosis diagnostics with international guidelines (ISCD) and the Finnish Current Care Guidelines (04/2014).Bindex® is applied by measuring the cortical thickness of tibia. The results, combined with other patient data, are used to estimate the hip region’sbone mineral density. Bone mineral density values (g/cm2) are normally only received via the large DXA devices used in hospitals.Bindex®’s quickness and simplicity make its use possible in high volume risk group screenings. It makes the identification of an osteoporosis risk possible before the first bone fracture has even occurred. Thus, it both improves the patient’s quality of life and saves on public health care expenses.
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Elias Aalto
Angel · Helsinki, Southern Finland, Finland · 3 investments in Finland Health Care startups

Elias Aalto is Wolt's Advisor and a Co-Founder before that.

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Investment focus

  • Industry: Internet, Health Care, Information Technology
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Finland, Sweden, Estonia

Investor stats

  • Total investments: 11
  • Round size: Seed $430k–$10M; Pre-Seed $525k–$799k
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Cluby — Cluby is a technology platform that provides restaurants with the best tools for managing and communicating with loyal consumers.
  • Flowstep — Flowstep is a copilot that helps you create better designs, 10x faster. Just type and get user flows, high-fidelity UI, JTBD and more.
  • Operating — Operating is a SaaS platform for resource management, project staffing, time tracking, and capacity forecasting for consulting and professional services teams.
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Sitra
VC Fund · Helsinki, Southern Finland, Finland · 3 investments in Finland Health Care startups

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

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Investment focus

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

Investor stats

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

Portfolio highlights

  • Naava — Naava helps you to make safer and healthier indoor spaces - experience Naava green wall, a striking combination of nature and high-end technology.
  • NaturVention — Naava helps you to make safer and healthier indoor spaces - experience Naava green wall, a striking combination of nature and high-end technology.
  • SET Ventures — SET propels founders from early growth to European scale. We invest in and grow the solutions powering the digital energy economy.
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Gorilla Capital
VC Fund · Helsinki, Southern Finland, Finland · 3 investments in Finland Health Care startups

Gorilla Capital helps ambitious startups grow with smart funding and support. Discover how our team invests in early-stage companies.

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Investment focus

  • Industry: Software, SaaS, Information Technology
  • Stage:Pre-Seed, Seed, Venture - Series Unknown
  • Geography: Finland, Sweden, Estonia

Investor stats

  • Total investments: 73
  • Round size: Seed $297k–$1.5M; Pre-Seed $149k–$680k
  • Lead/follow: 68% lead, 32% follow

Portfolio highlights

  • Munchi — Munchi allows restaurants to manage all orders, payments and loyalty in one platform with the power of AI.
  • Mobal — It is time to get your Business Profiles in shape. Meet your customers where they are and stand out where it matters most.
  • Nordic Information Control — Inventering och klassificering av information, automatiskt med Nordic Information Control Platform. Automatic Regulatory compliance.
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Henry Nilert
Angel · Helsinki, Southern Finland, Finland · 2 investments in Finland Health Care startups

Henry Nilert

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Investment focus

  • Industry: Software, Health Care, Enterprise Software
  • Stage:Pre-Seed, Seed, Angel
  • Geography: Finland, Latvia, United States

Investor stats

  • Total investments: 6
  • Round size: Seed $853k–$2.6M; Pre-Seed $393k–$655k
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • Nordigen — Nordigen is a free open banking API that provides PSD2 data connections to all major European banks.
  • 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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Broadview Ventures
VC Fund · Boston, Massachusetts, United States · 2 investments in Finland Health Care startups

Broadview Ventures, Inc. (Broadview) was established in 2008 as a new program conceived by the Leducq family. Through Broadview, the trust will work to accelerate the development of promising technology in cardiovascular and neurovascular disease through targeted investment in and support of early stage technology ventures.The FoundationLeducq, based in Paris, France, is the beneficiary of a charitable trust. In order to further the Foundation Leducq's mission in cardiovascular and neurovascular disease, the trust has made funds available to Broadview to develop a program which will promote early state technology in these fields through investments, licensing agreements and consortium funding arrangements, as well as professional, management and consulting support.With this initiative the trust joins other leaders in the venture philanthropy movement in seeking creative solutions to the problem of what is commonly referred to as the 'translational gap', a significant component of which is a lack of funding at a critical moment in the development of new technology and science.

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Investment focus

  • Industry: Health Care, Biotechnology, Medical Device
  • Stage:Series A, Seed, Debt Financing
  • Geography: United States, Israel, Denmark

Investor stats

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

Portfolio highlights

  • Nyra Medical — MitraPlug has created a catheter-plug technology for repairing a leaky mitral valve in the heart.This adjustable device needs only a two-inch surgical incision and can be inserted directly into the heart. Then the cardiologist can use the catheter to adjust the size and position of the plug to correct the leakage. When correctly fitted, thecatheter is removed, and the incision is closed, leaving only a small scar.
  • RapidPulse — RapidPulse, Inc. is a privately held medical device company that develops minimally invasive vascular products for ischemic stroke. The company is advancing the development of the RapidPulse™ Cyclic Aspiration System, which includes a novel aspiration pump to allow rapid and consistent removal of blood clots from the brain. RapidPulse is a spinoutof Syntheon LLC., a medical device incubator dedicated to developing innovative products in the medical device industry
  • Cardiosense — Cardiosense offers a physiological waveform AI platform to develop predictive biomarkers for the detection and treatment of disease. Its platform leverages multi-modal sensors and industry-leading AI to develop predictive biomarkers for the detection and treatment of disease.
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Sparkmind.vc
VC Fund · Helsinki, Southern Finland, Finland · 2 investments in Finland Health Care startups

Sparkmind.vc is the first Nordic venture capital company focused on the learning sector. The company invests in teams transforming early childhood, K12, higher, secondary and vocational education as well as corporate and lifelong learning. The investment sweet spot of the company is from seed to international growth phase with single investments upto €5m.

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Investment focus

  • Industry: Education, E-Learning, Software
  • Stage:Seed, Series A
  • Geography: Finland, Germany, Sweden

Investor stats

  • Total investments: 23
  • Round size: Seed $793k–$3.2M; Series A $3.9M–$10M
  • Lead/follow: 65% lead, 35% follow
  • Last fund: May invest from a new fund soon — raised $64M in 2020

Portfolio highlights

  • Tiney — Tiney are on a mission to reimagine at-home childcare & unlock the potential of every child. For parents, this means easy access to an exceptional and affordable childcare community that’s built around busy modern lives. For children, this means high quality and thoughtful play-based learning in safe settings that goes beyond nationalrequirements for early education. For childcare providers, this means allowing them to focus on the children in their care, relieving the burden of running a small business and ensuring maximum job satisfaction.
  • AUTOVIO — Autovio offers digital concepts for driving schools.
  • Pandatron — With clients like SAP, Universal Pictures & Skanska, Pandatron is a startup that supports change management. We do it by scaling AI-driven coaching 1-on-1s to every employee, which also allows us to measure change.
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Avohoidon Tutkimussäätiö
VC Fund · Espoo, Southern Finland, Finland · 2 investments in Finland Health Care startups

Avohoidon Tutkimussäätiö focuses on innovations that are based on scientific research and technologies backed by scientific breakthroughs.

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Investment focus

  • Industry: Medical, Health Care, Therapeutics
  • Stage:Seed
  • Geography: Finland

Investor stats

  • Total investments: 2
  • Round size: Seed $591k–$957k
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • StemSight — StemSight is a Finnish high-tech startup developing cell therapies for corneal blindness using human pluripotent stem cells.
  • CurifyLabs — CurifyLabs enables 3D printed personalized medicines in pharmacies and hospitals. Always close to the patient.
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Conor Venture Partners
VC Fund · Espoo, Southern Finland, Finland · 2 investments in Finland Health Care startups

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

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Investment focus

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

Investor stats

  • Total investments: 45
  • Round size: Seed $1.1M–$3.3M; Series A $3.9M–$8.8M; Series B $2.4M–$16M
  • Lead/follow: 33% lead, 67% follow
  • Last fund: May invest from a new fund soon — raised $60M in 2010

Portfolio highlights

  • crystalsol — COLOKSGP hadir sebagai platform agen slot online terpercaya di Indonesia yang mengutamakan kenyamanan, kepraktisan, dan keamanan para penggunanya. Dengan tampilan website yang ringan dan ultra-responsif, kamu bisa menikmati seluruh permainan dengan mulus dari ponsel maupun komputer.
  • Verto Analytics — Verto Analytics (Verto) operates a passive metering panel that provides researchers, advertisers, and publishers the data they need to keep up with the rapid and changing pace of consumer media consumption on every app, device, service, and platform. This ongoing, longitudinal panel captures a wide breadth of behaviors—all enriched to clients’behavioral analysis or custom survey studies. Our single-source, passive metering data sets provide the information needed to understand the full digital footprint of the U.S. population. Our Data Labs are located in the US, and in Helsinki, Finland. http://www.vertoanalytics.com.
  • Aito Technologies — We are a world leader in Customer Experience Analytics for mobile operators. Aito provides better understanding and management the entire customer life cycle helping them identify key relationships and the context between business drivers, customer segments, networks, services, and devices, throughout the customer life cycle.
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Kustaa Piha
Angel · Helsinki, Southern Finland, Finland · 2 investments in Finland Health Care startups

Healthcare business development, management, and investing. Very good knowledge on healthcare services and public health. Kustaa Piha is interested in new business and investment opportunities and better ways of producing excellent healthcare services.

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Investment focus

  • Industry: Health Care, Health Diagnostics, Medical Device
  • Stage:Seed
  • Geography: Finland

Investor stats

  • Total investments: 5
  • Round size: Seed $549k–$1.3M
  • Lead/follow: 80% lead, 20% follow

Portfolio highlights

  • Sooma — Sooma provides unique therapy solutions that combine effectiveness with ease-of-use. Therapies are based on tDCS method.
  • Klinik — Klinik® is an innovative health website designed from the very beginning to meet the needs of users. They offer advanced tools for consumers to identify their conditions and to treat them properly, and if needed, they connect them with matching health professionals. It’s a unique platform for health experts to show their true expertise toconsumers. Main characteristics of their offering are:1) Easy access to qualified and reliable health and medical information2) Helping people to identify their conditions3) Providing people valid evidence-based info on self care4) Integrating professional healthcare providers with users requesting additional medical.
  • Kaiku Health — Kaiku Health is a digital health company with a mission to improve quality of life through health data science. We have built an intelligent digital platform for monitoring patient-reported outcomes in several therapy areas, such as cancer care, fertility treatments and preventive health care. Its unique algorithms enable early interventions andpersonalized patient support. Currently over 30 European hospitals and clinics are using our platform to better monitor their patients, reducing manual work and allowing prioritization of clinical actions. This along with the capture and analysis of real-world data paves way for more personalized and effective care of each patient. The company, founded in 2012 by five software developers deeply passionate about health care technology, has now grown to team of 20+ dedicated employees. The company is backed by Reaktor Ventures, along with other venture capital funds and private investors, and is supported by Tekes – the Finnish Funding Agency for Innovation.
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Zanichelli Venture
VC Fund · Bologna, Emilia-Romagna, Italy · 2 investments in Finland Health Care startups

Zanichelli Venture is looking for nascent companies who are tilling daring ideas about education and technology and searching for pre-seed or seed funding to grow these ideas into products to empower anyone – from children and parents to adult, professional lifelong learners and their mentors and coaches – to learn and teach better.We willsupport and finance ideas with the potential to have a positive impact on our future through education at every stage of our life. We will respectfully, discreetly stand by the entrepreneurs believing in these ideas, from the beginnings and at least since that impact leaves its first dent.We care about each startup in our portfolio getting the full value a hundred years old education company like Zanichelli can offer, wherever our expertise can be a lodestar because of our history, our mission, our network, our resources; and we believe in getting out of the founders’ way otherwise, if we don’t add value.We care about financial returns and self-sustainability and about bringing collaboration opportunities, insights, innovative thinking and entrepreneurial energy back to our company digital products designers, editorial staff and IT, searching for mutual advantages. Only in the long term, as we and the founders build trust through intense collaboration and shared stakes, and after a startup fully spreads out its potential as a maturing company, we believe in searching together for possible paths to a deeper partnership. We co-invest globally, following trusted, local lead investors.

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Investment focus

  • Industry: Education, E-Learning, EdTech
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, Italy, United Kingdom

Investor stats

  • Total investments: 19
  • Round size: Seed $695k–$2.5M; Pre-Seed $704k–$2.7M; Series A $3.3M–$10M
  • Lead/follow: 5% lead, 95% follow

Portfolio highlights

  • Gyver — Recruiting platform for skilled blue collars
  • Anthropos — Assess workforce skills and capabilities with AI readiness workforce assessment tools. Identify gaps, benchmark readiness, and develop teams for AI transformation.
  • Ubimaster — Ubimaster delivers customized employee benefits and additional product services that support parents and students. They demonstrably improve the acquisition and retention of customers and employees.
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Sofinnova Partners
VC Fund · Paris, Ile-de-France, France · 2 investments in Finland Health Care startups

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

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Investment focus

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

Investor stats

  • Total investments: 329
  • Round size: Series A $6.6M–$70M; Series B $10M–$109M; Series C $12M–$100M
  • Lead/follow: 46% lead, 54% follow
  • Last fund: Likely still investing — raised $200M in 2023

Portfolio highlights

  • Odoo — From ERP to CRM, eCommerce and CMS. Download Odoo or use it in the cloud. Grow Your Business.
  • Biosyntia — Biosyntia is a biotech startup within synthetic biology and metabolic engineering. We develop biocatalysts at an unprecedented speed and efficiency by employing our patent pending high-throughput screening technology.By developing tailored processes based on biocatalysis, Biosyntia enables production of complex chemical compounds byfermentation. Biocatalysis may substantially reduce both production costs and environmental impact compared to other processes such as chemical synthesis. We partner with manufacturers of fine chemical compounds (flavors, fragrances, APIs, pigments, additives, intermediates, and more) in order to establish more sustainable manufacturing processes for a greener tomorrow.Biosyntia is located at the Novo Nordisk Foundation (NNF) Center for Biosustainability in Hørsholm, 25 kilometers north of Copenhagen.
  • Comet Biorefining — Comet Biorefining is a leading provider of sustainable high-quality cost-competitive cellulosic glucose technology for applications in renewable biofuels and biochemicals. The company’s proprietary technology allows for the conversion of wood, wheat straw, bagasse, corn stover and other agricultural waste materials into high purity cellulosicglucose syrup. These non-food sources offer lower cost and price stability when compared to food sugar sources such as corn or sugar cane. Demonstrated at 5 dry tons per day scale, Comet is focusing on commercial scale up and development of commercial partnerships with applications in renewables industries.
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Korpun Siemen
VC Fund · Oulu, Oulu, Finland · 2 investments in Finland Health Care startups

Korpun Siemen is backed by 33 investors who have combined their initial investment activities and have extensive experience in start-up, growth and family businesses in various industries. The company includes active angel investors, entrepreneurs in growth companies and investors who have already exited their companies.

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Investment focus

  • Industry: Software, Information Technology, Pet
  • Stage:Seed, Angel
  • Geography: Finland

Investor stats

  • Total investments: 10
  • Lead/follow: no public data

Portfolio highlights

  • Mobal — It is time to get your Business Profiles in shape. Meet your customers where they are and stand out where it matters most.
  • Remod — Remod provides holistic IT surveys, backup services, cyber control, functional programming, data processing, incident response, secure systems, network design, and proof of concept development.
  • Builderhead — Builderhead is an easy-to-use construction management software that helps owners, developers and general contractors complete construction projects on time and within budget.
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Samsung Venture Investment
VC Fund · Seocho, Seoul-t'ukpyolsi, South Korea · 2 investments in Finland Health Care startups

Samsung Venture Investment is plays the role of driving the discovery and development of new businesses and technologies.

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Investment focus

  • Industry: Information Technology, Software, Health Care
  • Stage:Series A, Series B, Seed
  • Geography: South Korea, United States, India

Investor stats

  • Total investments: 118
  • Lead/follow: no public data

Portfolio highlights

  • wooptix — Wooptix is a developer of light field and wavefront phase imaging platform designed to acquire all information about the light using...
  • Medisolar — Medisol is a food technology firm that also provides personalized food care solutions.
  • C2N Diagnostics — C2N Diagnostics, LLC is a privately held protein diagnostic and therapeutic discovery company targeting progressive neurodegeneration. They formed in late 2007 by scientific co-founders Drs. David Holtzman and Randall Bateman of Washington University School of Medicine in St. Louis, and LifeTech Research, a Maryland-based technology research andcommercialization firm (www.lifetechresearch.com). They reside at the Center for Emerging Technologies in St. Louis.
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Pontos Group
VC Fund · Helsinki, Southern Finland, Finland · 2 investments in Finland Health Care startups

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

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Investment focus

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

Investor stats

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

Portfolio highlights

  • R8tech — R8 Jenny is AI HVAC technology for commercial real estate. It helps you achieve ESG goals while saving up to 30% in energy costs!
  • Valmet Automotive — Valmet Automotive, a Uusikaupunki, Finland-based electric vehicle developer and manufacturer. Valmet Automotive provides engineering, manufacturing and business services for the automotive industry. In 2009, the company generated net sales of €56m and employed some 800 people. It manufactures Porsche Cayman sports cars, electric Garia golf carsand THINK City urban cars in Uusikaupunki, Finland. Cuca
  • Blueprint Genetics — We offer complete genetic testing and genetic diagnostics to medical professionals worldwide. Learn more about our winning clinical-grade NGS offering!
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Novo Holdings
VC Fund · Hellerup, Hovedstaden, Denmark · 2 investments in Finland Health Care startups, 30 in the past 12 months

Novo Holdings is a world-leading life science investor with a focus on creating long-term value.

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Investment focus

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

Investor stats

  • Total investments: 267
  • Lead/follow: no public data

Portfolio highlights

  • Coave Therapeutics — Coave Therapeutics is active in the field of gene therapies in rare ocular and CNS (Central Nervous System) diseases.
  • Numab — Numab Therapeutics AG
  • Windward Bio — Windward Bio is a clinical-stage drug development company focused on improving outcomes for individuals with advanced immunological diseases, particularly severe respiratory conditions. The company is advancing a monoclonal antibody targeting thymic stromal lymphopoietin (TSLP) into phase 2 development while creating innovative bispecific programsfor various immunological disorders. Led by a team of biopharmaceutical executives, Windward Bio aims to address significant unmet medical needs in this field.
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Stephen Industries
VC Fund · Espoo, Southern Finland, Finland · 2 investments in Finland Health Care startups

We fund futurebreakthroughs

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Investment focus

  • Industry: Apps, Water, Energy
  • Stage:Seed, Series A
  • Geography: Finland

Investor stats

  • Total investments: 12
  • Lead/follow: no public data

Portfolio highlights

  • StemSight — StemSight is a Finnish high-tech startup developing cell therapies for corneal blindness using human pluripotent stem cells.
  • Gesynta Pharma — Founded in 2017, Gesynta Pharma bases its R&D on research from the Karolinska Institutet. The most advanced drug candidate, GS-248, reduces inflammation and increases blood flow in the microvasculature, thereby having the potential to provide improved treatments for several serious diseases. In an ongoing clinical proof-of-concept study,GS-248 is being evaluated for its capacity to normalize vascular blood flow and reduce pain in patients with the autoimmune disease systemic sclerosis. Positive results from this study may lead to a rapid broadening of the development program towards additional indications, for example cardiovascular diseases and rheumatic diseases other than systemic sclerosis. Major shareholders include Industrifonden, Linc, Hadean Ventures, and a number of successful life science entrepreneurs. For more information, please visit www.gesynta.se
  • TILT Biotherapeutics — TILT Biotherapeutics is the leading company globally working in the area of enabling tumor T-cell therapy with oncolytic viruses. TILT is a preclinical stage company working in the field of cancer immunotherapy and will soon translate its unique approach into clinical trials. The company’s patented technology involves utilization of oncolyticviruses for enhancement of tumor T-cell therapy. Initial embodiments of the technology will be used to enhance tumor infiltrating lymphocyte (TIL), chimeric antigen receptor (CAR-T) and checkpoint inhibiting antibody therapy. The TILT approach has the potential to achieve similar results in CAR-T therapy of solid tumors as currently achieved for CD19+ hematological tumors.
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Health Care Investor funding in Finland at a glance

Stats across 393 deals from 380 investors.

380
investors
in Finland Health Care startups
393
deals
in Finland Health Care startups
$1.9M
median round
in Finland Health Care startups
40%
lead investors
lead at least one round
27%
Seed
most common funding stage
76/24
VC / Angel
share of investor count

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