Top 50 Impact VC (Venture Capital) Funds in Finland in May 2026
Top 50 Impact VC (Venture Capital) Funds in Finland in May 2026
| Investor | Impact Finland investments |
|---|---|
| Lifeline Ventures | 11 |
| Finnvera Venture Capital | 9 |
| Business Finland | 9 |
| Tesi | 7 |
| Butterfly Ventures | 7 |
| Superhero Capital | 5 |
| Finnish Climate Fund | 4 |
| Stephen Industries | 4 |
| Springvest | 3 |
| Nidoco | 3 |
| Wave Ventures | 3 |
| Holdix Oy Ab | 2 |
| Voima Ventures | 2 |
| Turret Oy | 2 |
| PeakBridge | 2 |
| Übermorgen Ventures | 2 |
| Maki.vc | 2 |
| Bragiel Brothers | 2 |
| Valve Ventures | 2 |
| PC Rettig & CO Impact | 2 |
| Inventure | 2 |
| Heraeus | 2 |
| UB FIGG | 2 |
| Sitra | 2 |
| True Ventures | 2 |
| Halton Ventures | 2 |
| Redstone.VC | 2 |
| 2C Ventures | 2 |
| Innovestor | 2 |
| Greencode Ventures | 1 |
| Ecolab | 1 |
| Korkia | 1 |
| Climate Investment | 1 |
| LähiTapiola | 1 |
| C2 Ventures | 1 |
| Born2Grow | 1 |
| Soren Jensen Radgivende Ingeniorfirma | 1 |
| Bonnier Ventures | 1 |
| First Fellow Partners | 1 |
| Climate Capital | 1 |
| Fortum | 1 |
| Vantaan Energia | 1 |
| VTT Technical Research Centre of Finland | 1 |
| VNT Management | 1 |
| European Circular Bioeconomy Fund | 1 |
| KPMG | 1 |
| University of Helsinki | 1 |
| European Union | 1 |
| Takeoff Partners | 1 |
| Volvo Cars Tech Fund | 1 |
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Find investors — It's Free!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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- Software, Health Care, E-Commerce
- Seed, Series A, Funding Round
- Finland, United States, United Kingdom
Portfolio highlights
- ICEYE — Gain access to timely and reliable SAR imaging from the world's leading New Space SAR satellite constellation.
- Supercell — Visit Supercell.com and find out more about us and our games.
- Nordcraft — Create AAA web apps that delight your users
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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- Software, Health Care, Information Technology
- Seed, Funding Round, Series A
- Finland, United States, Switzerland
Portfolio highlights
- AISTI — AISTI develops wood fiber-based acoustic tiles that are carbon negative, easy to recycle and plastic-free – bringing sustainability to construction tile by tile.
- 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.
- Nexstim — Nexstim is a medical device company that specializes in image-guided transcranial magnetic stimulation. The company is committed to improving the quality of life of patients with significant unmet clinical needs. It has developed a SmartFocus TMS technology designed for the treatment of the major depressive disorder.The company was founded in2000 and is headquartered in Helsinki, Southern Finland.
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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- Software, SaaS, Biotechnology
- Seed, Grant, Funding Round
- Finland, United States, United Kingdom
Portfolio highlights
- AIATELLA — Automating medical image analysis
- SparkReceipt — Scan, categorize, and stay tax-ready automatically with AI. Built for small business owners and entrepreneurs who want to cry less over receipts, and stay organized all year.
- University of Eastern Finland — The University of Eastern Finland is a multidisciplinary university which offers teaching in more than 100 major subjects. The university comprises four faculties: the Philosophical Faculty, the Faculty of Science and Forestry, the Faculty of Health Sciences, and the Faculty of Social Sciences and Business Studies.
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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- Software, Manufacturing, Health Care
- Funding Round, Series A, Series B
- Finland, United States, Switzerland
Portfolio highlights
- ICEYE — Gain access to timely and reliable SAR imaging from the world's leading New Space SAR satellite constellation.
- Wirepas — Wirepas offers a standards-based, ultra-reliable mesh connectivity for infrastructure-grade IoT. Proven in millions of devices worldwide.
- Measurlabs — We provide testing services for any material, product, or chemical, helping product developers and quality managers get the information they need about their products.
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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- Health Care, Software, Information Technology
- Seed, Funding Round, Pre-Seed
- Finland, Sweden, Norway
Portfolio highlights
- Atium — Clean water is one of the largest future challenges we stand before, and toxic pollutants are a large contributing factor. Heavy metals are some of the most toxic chemicals to human health and it is our goal, through our innovation, to contribute to a world where water treatment is more environmentally friendly and effective. Atium exists to helpensure clean water, for everyone.
- 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.
- Popit — Popit makes medication connected with a unique, medical grade solution. It tracks medication use automatically and reminds ONLY if you miss. Developed together with healthcare professionals.
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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- Software, Information Technology, Internet
- Seed, Pre-Seed, Funding Round
- Finland, Lithuania, Estonia
Portfolio highlights
- Zadaa — We are the world’s first marketplace to make selling and buying secondhand as simple as in an online store. We have revolutionised C2C logistics regarding pricing and marketplace integration between multiple logistic companies operating on different markets. Zadaa is live on German, Danish and Finnish markets.
- ADESANTE — SurgeryVision is a Virtual Reality solution for Surgeons. Product is intended to be used for planning surgical procedures.
- Copla — Simplify cybersecurity compliance with automated workflows, audits, and risk management. Our expert CISO team tailors solutions to your organization's needs.
The Climate Fund focuses on combating climate change, boosting low-carbon industry and promoting digitalisation.
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- Energy, Renewable Energy, Manufacturing
- Debt Financing, Funding Round, Series A
- Finland
Portfolio highlights
- AISTI — AISTI develops wood fiber-based acoustic tiles that are carbon negative, easy to recycle and plastic-free – bringing sustainability to construction tile by tile.
- Enifer — Enifer Bio is an expert at squeezing every last drop of value from biorefining operations. The solution is built on decades of Finnish expertise to allow the production of valuable protein-rich feed from streams previously considered worthless. The company has developed a new, sustainable production process for high-quality fish feed raw material.The company's method enables the efficient production of a single cell protein from fish by-products as a raw material for fish feed. The protein can replace soy, which is commonly used in fish feed and whose cultivation poses ecological challenges, such as deforestation in South America.
- Volare — Refining food industry side streams into sustainable protein, oil and fertilizers.
We fund futurebreakthroughs
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- Apps, Water, Energy
- Seed, Funding Round, Series A
- Finland
Portfolio highlights
- StemSight — StemSight is a Finnish high-tech startup developing cell therapies for corneal blindness using human pluripotent stem cells.
- HYPERMINE — Hypermine a novel laser-based mineralogy sensing technology to optimize resource recovery and reduce the negative environmental effects of mining.
- 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.
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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- Biotechnology, Health Care, Energy
- Series A, Funding Round, Seed
- Finland
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!
- Volare — Refining food industry side streams into sustainable protein, oil and fertilizers.
- Solar Foods — The Finnish company Solar Foods Oy produces an entirely new kind of nutrient-rich protein using only air and electricity as the main resources. The goal of the company is to start commercial production of the environmentally revolutionary protein in 2020.Solar Foods’ concept redefines the basics of food production, as it is not dependent onagriculture, the weather, or the climate. The price of the protein product is also competitive compared to sources such as soy protein.
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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- Software, Health Care, Apps
- Seed, Funding Round, Series A
- Finland, Sweden, Estonia
Portfolio highlights
- Ponta — Ponta is an ad tech company that connects enterprise companies with their audiences through cutting-edge solutions. We partner with companies that understand that advertising works only when showing your message to real humans paying attention.
- Betolar — Betolar is a new materials startup specialized in new geopolymer-based carbon-neutral construction materials for the construction industry and circular economy.
- TactoTek — Set your imagination free and create user experiences with the help of sustainable smart molded structures.
Founded in 2016, Wave Ventures is the largest student-run VC in Europe, backed by Nordic unicorn founders, investing in Gen Z entrepreneurs at the earliest stage. We operate both from Finland and Sweden with a team of five people from the top universities in the region.
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- Software, Internet, Mobile Apps
- Seed, Pre-Seed, Funding Round
- Finland, Sweden, Germany
Portfolio highlights
- Bought — A fully automated secondhand marketplace unleashing the 95% of hidden secondhand supply with AI.
- Sustashift — Sustashift offers a comprehensive legal CSRD reporting tool, providing tailored audit templates and automated XBRL tagging to streamline compliance and reduce manual reporting efforts.
- Bahn Express — Bahn Express is a global car transportation company that supports independent contractors while offering quick and easy auto shipping throughout Europe.
Holdix Oy Ab is a Finnish family-owned investment company situated in Helsinki. Our investment policy is based on responsible and active ownership, long-term perspective, sustainable value creation, and environmental considerations.
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- Renewable Energy
- Seed, Funding Round
- Finland
Portfolio highlights
- Polar Night Energy — Polar Night Energy - Seasonal heat storage in district heating and industrial applications. The energy revolution is here.
- Nordic Umami Company — Developing all-embracing sustainable flavours to accelerate plant-based eating.
- Hycamite TCD Technologies — Hycamite is decarbonising industry using its proprietary methane pyrolysis technology. It provides its industrial clients with low-carbon hydrogen and sustainable carbon products for demanding applications.
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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- Biotechnology, Health Care, Artificial Intelligence
- Seed, Pre-Seed, Funding Round
- Finland, Sweden, Norway
Portfolio highlights
- AISTI — AISTI develops wood fiber-based acoustic tiles that are carbon negative, easy to recycle and plastic-free – bringing sustainability to construction tile by tile.
- Farang — Farang is an AI research lab based in Sweden developing the next-generation of foundational Large Language Models. The company was founded in 2025 and consists of a team of highly experienced researchers, developers, entrepreneurs and business professionals, joined by prominent deep-tech VCs and angel investors.
- Avenue Biosciences — From biotechnology tools to therapy discovery and development: Our platform enhances production yield and the quality of your end product.
Turret Oy is an investment vehicle controlled by Paul Ehrnrooth
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- Energy, Farming, Seafood
- Funding Round, Seed, Series A
- Finland
Portfolio highlights
- Digitalist — Say hello to Digitalist in Finland, your true partner for digital transformation. From customer experience consulting to cutting-edge technology services, we help businesses to future-proof their operations.
- TactoTek — Set your imagination free and create user experiences with the help of sustainable smart molded structures.
- Hycamite TCD Technologies — Hycamite is decarbonising industry using its proprietary methane pyrolysis technology. It provides its industrial clients with low-carbon hydrogen and sustainable carbon products for demanding applications.
PeakBridge is a highly networked, global impact VC that funds and connects the people, technology and processes that will shape the future of food. We invest in visionary pioneers, from early stage to Series A-B, with scalable, protectable climate and health-focused technologies. At their core: a deep commitment to disrupting our food system whiledriving positive impact. Our team is spread across seven countries and includes pioneers of FoodTech investment and decades of deep Agri-Food operational and financial experience. Together, we create exceptional value for bold FoodTech entrepreneurs and investors. A member of the Edmond de Rothschild Private Equity partnership, PeakBridge is also the only venture capital firm that is an official partner of the world’s largest Agri-Food innovation initiative, EIT Food.
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- Food and Beverage, Health Care, Food Processing
- Series A, Seed, Series B
- Israel, United States, United Kingdom
Portfolio highlights
- SOUS — One easy-to-use tool to grow traffic, make online sales, seamlessly handle orders and drive retention. Built for food entrepreneurs, built with taste.
- Tastewise — Tastewise is a consumer intelligence platform transforming food insights with AI. Discover trends, predict preferences, and drive innovation
- Rival Foods — We craft food we feel good about - Protein foods without compromises! At Rival Foods we create whole-cut specialties with remarkable texture, taste and juiciness, the ideal proposition for food professionals to create new plant-based eating experiences. Ready to use in all your favorite dishes! Interested in our products?
We are an early stage VC for climate tech startups.
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- Software, Energy, Renewable Energy
- Seed, Pre-Seed, Funding Round
- Germany, Switzerland, Finland
Portfolio highlights
- Ecair — Ecair provides software for indoor air quality and energy management. The platform aggregates data from connected sensors to track pollutants, CO2, humidity, temperature, and particulate matter in real time. Dashboards, alerts, and APIs support building operations, facility managers, and ESG teams. Algorithms estimate exposure, flag ventilationissues, and suggest HVAC adjustments to balance comfort, health, and energy use. Reporting tools support certifications and compliance, and data exports integrate with BMS, CMMS, and data warehouses. Services include device provisioning, calibration management, and analytics consulting for multi-site portfolios.
- Exnaton — Exnaton offers a flexible SaaS platform for the decarbonized, decentralized and digital energy future. We move ahead with energy communities. Exnaton offers software for energy communities and dynamic energy tariffs. With our SaaS solution, utilities can easily build a digital customer channel, offer new renewable energy products, and reduce manual effort for managing distributed resources. We enable energy communities according to REDII, models for shared investments in photovoltaic, batteries and more, collective self-consumption billing, self-consumption communities and participation models for tomorrow's energy market.
- Milvus Advanced — Our Midas-touch alloys replicate the functional properties of platinum-group metals at a fraction of the cost.
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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- Software, E-Commerce, Information Technology
- Seed, Series A, Funding Round
- Finland, Norway, Denmark
Portfolio highlights
- Disior — At Disior, we build software to measure and model tissue structures in CT- and MRI-images for better diagnosis and treatment planning.Our solutions are for clinical use. They enable fast, accurate and reproducible measuring for diagnostics and patient-specific, optimized treatment planning. Based on mathematical modelling, Disior algorithmsextract the correct shape or structure from the medical image. This way, the software is not dependent on finding familiar structures or comparing something to reference data. We combine engineering and R&D talent with medical and biotechnology professionals. Our team brings together decades of experience in creating world’s best simulation and modelling systems from smartphone R&D; clinicians and researchers in maxillofacial and orthopedics; and technology innovation and commercialization.For demo, pilots and research projects, please contact Anna-Maria Henell, CEO: +358 50 483 6433 / anna-maria (at) disior.com
- Sera — Sera's AI streamlines prospecting with tailored lists and enriched profiles, including accurate emails and metrics.
- IXI — Discover adaptive glasses with autofocus lenses that adjust to your viewing needs, providing seamless clarity at any distance.
Classic arcade gaming experience
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- Software, Information Technology, FinTech
- Seed, Series A, Pre-Seed
- United States, Finland, Japan
Portfolio highlights
- Gridware — Using remote telemetry and edge AI, Gridware wildfire prevention technology powers a grid that is smarter and more reliable than ever before.
- Assured Health — Streamline healthcare credentialing, licensing & payor enrollment with Assured's all-in-one platform. Automate admin Ops, boost efficiency & manage providers effortlessly.
- Inspectify — If you are looking to buy or sell a home, Inspectify helps you find the best home inspectors in your area.
Valve Ventures is a Helsinki-based angel and early-stage venture investor.
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- Energy, CleanTech, Oil and Gas
- Seed, Series A, Funding Round
- Finland
Portfolio highlights
- Betolar — Betolar is a new materials startup specialized in new geopolymer-based carbon-neutral construction materials for the construction industry and circular economy.
- Woodio — Woodio is a digital designing agency.
- 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.
PC Rettig & CO Impact
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- Mining, Robotics, 3D Printing
- Seed
- Finland
Portfolio highlights
- Hyperion Robotics — We are accelerating the transition to sustainable and automated construction with Concrete 3D Printing.
- Polar Night Energy — Polar Night Energy - Seasonal heat storage in district heating and industrial applications. The energy revolution is here.
Since 2005, Inventure has backed over 90 companies including Wolt, Swappie, Jobbatical, aiMotive, and more.
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- Software, Information Technology, Health Care
- Seed, Series A, Series B
- Finland, Sweden, United States
Portfolio highlights
- Abzu — Abzu's AI is built for the modern researcher, where explainability, small data, and new insights are at the core of innovative discoveries.
- Yeply — Yeply Mobile Bike Service is a start-up that specializes in bicycle maintenance. Yeply’s ideology is that bicycle maintenance should be an easy, quick, and effortless experience for the customer. It believes that every bike is worth caring for and they value every cyclist equally - cycling belongs to everyone.It was founded in 2016 and isheadquartered in Helsinki, Finland.
- Hopsworks — Hopsworks is an online platform for the development and operation of Machine Learning (ML) pipelines at scale, based around the industry's first Feature Store for ML.
Heraeus, the technology group headquartered in Hanau, Germany, is a leading international family-owned portfolio company.
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- Manufacturing, Biotechnology, Therapeutics
- Seed, Corporate Round, Series A
- Germany, China, Japan
Portfolio highlights
- CSMH — Compound Semiconductor (Xiamen) Technology Co., Ltd. is an advanced semiconductor manufacturing technology based joint venture company invested from the Korea, China and Singapore, registered in the city of Xiamen, China. We have equipped with advanced semiconductor manufacturing tools including MPCVD, MOCVD, LPCVD, HVPE and high temperature PVDto produce high quality Diamond wafer and AlN template on various substrate including Si, sapphire, and polished diamond. Our mission is to be the most advanced compound semiconductor company in the global market, contributing to the related technology development. We have strong R&D team and actively collaborate with best research group around the world. Currently, we are providing the thermal grade polycrystalline diamond, which can be used as an effective heat sink aims to solve the heat issue in temperature sensitive device, such as power devices, lasers and avalanche photodiodes etc. We also provides wafer scale polished diamond with sub-nanometer RMS surface roughness, which might be suitable for the integration of GaN, GaO and AlN epilayers and devices on Diamond via direct bonding or heteoepitaxy.
- Holosolis — Holosolis contributes to the EU’s goal of local PV module production and curbing global warming. We will build the largest photovoltaic panel factory in Europe.
- Tsubame BHB — Tsubame BHB is a Sales company
UB Forest Industry Green Growth Fund ("UB FIGG") is a private equity fund investing in companies focused on plastic and other fossil fuel based material replacements, higher value and more efficient use of wood and agricultural raw material side streams and greater use of these raw materials across a wide range of intermediate and enduses.Through its investments, the Fund helps the forest and bio-based industries to create solutions to mitigate climate change. UB FIGG is a signatory of Operating Principles for Impact Management and reports on the environmental and climate impact of its investments.
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- Chemical, Forestry, Recycling
- Funding Round, Series A
- Finland
Portfolio highlights
- Notpla — We are a combination of designers and chemists, engineers and entrepreneurs. We’re hard to define because what we’re doing hasn’t been done before. We create advanced packaging solutions that disappear, naturally.
- Paptic — Paptic is manufacturing company that revolutionizes environmental new material, wood-based renewable and recyclable products replacing paper and plastic. Paptic Ltd was April 2015. The company is based in Espoo, Finland and employs today 10 persons.
- Nordtreat — Nordtreat is a producer of bio-based flame retardants for the global construction products industry. Nordtreat's NORFLAM® flame retardants for wood protect over 2000 buildings around the world.
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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- Health Care, Biotechnology, Therapeutics
- Funding Round, Series A, Series C
- Finland, The Netherlands
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.
Founded in 2005, True Ventures is a Silicon Valley-based venture capital firm that invests in early-stage technology startups. With more than $3.8 billion under management, True provides seed and Series A financing to entrepreneurs in some of today's growing markets. With more than 40 team members including special advisors, operationsprofessionals, and founders-turned-investors, True represents one of the largest and most experienced teams dedicated to the ecosystem. The True team believes creativity flourishes when founders are supported fully and empowered to pursue brave ideas. To that end, the True Platform offers programs that inspire professional and personal growth. To date, True has helped more than 350 companies launch and scale their businesses, creating over 85,000 jobs worldwide. True was awarded Venture Firm of the Year by the National Venture Capital Association in 2018. To learn more, visit www.trueventures.com.
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- Software, Information Technology, Artificial Intelligence
- Seed, Series A, Series B
- United States, United Kingdom, Canada
Portfolio highlights
- Athos — The Athos mission is to help athletes train more effectively and reach their performance goals faster. Athos does this by bringing together the most relevant data and exercise science to deliver simple, actionable insights that allow coaches and athletes to get the most out of their training.
- Chameleon — Chameleon offers software application with the features including microsurveys, launchers, tooltips, integrations, status, styling, analytics, templates, goals, testing, checklists, feedback loop, dashboard reporting, no coding, targeting surveys, data access, trigger surveys, track performance, and more.
- Scythe — Revolutionize commercial landscaping with Scythe's all-electric, autonomous mower. Smell grass, not gas. Boost productivity and sustainability with intelligent robotics.
Halton Ventures operates as a venture capital firm.
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- Smart Building, Energy, GreenTech
- Funding Round
- Finland
Portfolio highlights
- Smart Heating — Smart Heating focus on hybrid heating systems for real estates. Smart Heating implements energy-efficient heating solutions for more than 100 buildings.
- Soletair Power — Soletair Power is a Finnish startup founded in 2016, operating in the fields of Direct Air Capture and power-to-X technology. The company captures CO2 from the air by retrofitting buildings' ventilation systems with carbon capture technology, resulting in low building emissions. Captured carbon dioxide can be mineralized into concrete, storedas pressurized gas or liquid, transported, and used as raw materials to produce synthetic products. In 2020, Wärtsilä, together with Soletair Power and Q-Power, created their first enclosed Power-to-X unit in the world which can produce synthetic methane from air-captured CO2 straight from the Finland pavilion in Expo 2020 Dubai, United Arab Emirates. The company has delivered multiple carbon dioxide capturing units since then to Germany, Finland, and Denmark.
The Redstone team is an international and diverse group of serial entrepreneurs, investors, investment professionals, tech analysts and data scientists.
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- Software, Information Technology, Health Care
- Seed, Series A, Funding Round
- Germany, Finland, France
Portfolio highlights
- CommerceClarity — CommerceClarity offers AI-powered catalogue optimization solutions that turn catalogue operations into a competitive advantage.
- Connectome Health — Connectome is a cognitive intelligence platform that measures and understands how the brain changes over time using transparent, science-backed data people and organisations can trust.
- Multiverse Computing — World leaders in quantum computing for the financial industry. The first quantum & quantum-inspired toolbox for finance.
2C Ventures is an early-stage venture capital firm investing in European cleantech startups driving the energy transition and circular economy. Backing visionary founders tackling climate challenges.
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- Energy, CleanTech, Clean Energy
- Pre-Seed
- Finland
Portfolio highlights
- GaltTec — GaltTec focuses on developing and marketing microtubular solid oxide fuel cells. GaltTec specializes in drones, off-grid equipment, IoT, portable devices, and space equipment. GaltTec was founded in 2022 and was headquartered in Tartu, Estonia.
- TheStorage — Flexible industrial heat electrification and scalable energy storage. TheStorage offers cost efficient, sustainable grid scale energy storage that can discharge heat, steam or CHP.
- Jälle Technologies — Jälle Technologies create advanced recycling technologies that transform battery waste into high-value resources.
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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- Software, Health Care, Manufacturing
- Seed, Funding Round, Series A
- Finland, Denmark, Sweden
Portfolio highlights
- Aplagon — Aplagon is committed to bringing unique, effective antithrombotic medicines with important safety advantages to patients with unmet needs.
- Bahn Express — Bahn Express is a global car transportation company that supports independent contractors while offering quick and easy auto shipping throughout Europe.
- Tribune Therapeutics — Tribune Therapeutics is a preclinical biopharmaceutical company building a promising pipeline of novel medicines to treat patients with a wide range of fibrotic diseases. It was founded in 2020 with funding from HealthCap and Novo Seeds.
Greencode Ventures invests in ambitious European digital-first green transition startups
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- Software, Sustainability, Analytics
- Seed, Funding Round, Pre-Seed
- Finland, Germany, Sweden
Portfolio highlights
- Renow — Grow your business with Renow's AI powered recommerce platform for returns, trade-in and resell.
- Sustashift — Sustashift offers a comprehensive legal CSRD reporting tool, providing tailored audit templates and automated XBRL tagging to streamline compliance and reduce manual reporting efforts.
- Lumoview Building Analytics — Lumoview digitizes buildings in 2 seconds per room with a device that can be used by everyone. The data is then analyzed highly automated in the cloud. The connected online platform empowers building owners to take action and improve their buildings and reduce CO2 emissions.
Ecolab provides comprehensive solutions, data-driven insights, and personalized service to customers in the food, healthcare, hospitality, and industrial markets in more than countries to advance food safety, maintain clean and safe environments, optimize water and energy use, and improve operational efficiencies and sustainability.
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- Software, SaaS, Manufacturing
- Series A, Series B, Funding Round
- United States, Finland, Canada
Portfolio highlights
- GravitHy — We produce low-carbon iron from hydrogen to offer a new value chain and accelerate the decarbonization of the steel industry.
- Membrion — Remove Problematic Ions to Expand Capacity, Ensure Compliance, and Eliminate Costs with Electro-Ceramic Desalination
- The Water & Carbon Group — The Water & Carbon Group is a contractor that designs, builds, and operates wastewater treatment and ecological infrastructure solutions.
Korkia is a private equity firm that makes investments in renewable energy and clean tech sectors. It also specializes in alternative investment fund management and also provides financial advisory and consultancy services.
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- Energy, Oil and Gas, Renewable Energy
- Funding Round
- Finland
Portfolio highlights
- Griffin Refineries — Griffin Refineries is a Finnish circular economy company that provides innovative waste management solutions globally.
OGCI Climate Investments focuses on delivering the transition to lower carbon emission energy sources. The leaders of the ten major oil and gas companies are committed to the direction set out by the Paris Agreement on climate change. They support its agenda for global action and the need for urgency. Through their collaboration in Oil and GasClimate Initiative (OGCI), they can be a catalyst for change in their industry and more widely.OGCI aims to increase the ambition, speed and scale of the initiatives they undertake as individual companies to reduce the greenhouse gas footprint of their core oil and gas business – and to explore new businesses and technologies.
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- Energy, CleanTech, Manufacturing
- Series B, Series A, Series C
- United States, Canada, Spain
Portfolio highlights
- XOCEAN — Using unmanned surface vessels (USVs), XOCEAN offers turnkey data collection services to Surveyors, Companies and Agencies.
- Metron — Actively Reduce Your Energy Consumptions and Costs with the METRON EMOS Solution and Lower the Carbon Impact of Your Organisation.
- METRON — METRON has built a unique positioning at the convergence of the digital revolution and the energy transition. The combination of Big Data, artificial intelligence and human expertise is a key asset to accelerate their development, in France and abroad.Their teams work daily in collaboration with METRON-EVA®, their virtual assistant, to deploytheir solution on industrial sites around the world and help you manage and optimize your energy flows.
LähiTapiola is based on mutual company form, a group of companies owned by its customers, serving the personal, farm, entrepreneurial.
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- Banking, FinTech, Internet
- Funding Round, Debt Financing
- Finland
Portfolio highlights
- Enfuce — Enfuce is a cloud-based financial services provider that specializes in card issuing and payment processing services. It helps banks, fintech, and financial institutions become and remain fully PSD2 compliant, and helps them give third-party service providers access to digital accounts.The company was founded in 2016 and is headquartered inEspoo, Finland.
- Connected Finland — The IoT operator of Finland, enabling millions of smart devices to connect directly to internet, with the most energy and cost efficient connectivity solut
- Altum Technologies — Fouling costs several billions of euros every year and Altum can solve these issues. With Altum's unique approach:- You won't have production downtime - You will be more energy efficient - You don't need to use chemicals for cleaning - You will minimize maintenance - You will increase health and safety - You will act moresustainableThrough their intelligent software, Altum is the only company in the world who can completely control Power Ultrasound to make fouling disappear once and for all without stopping production. This is done by externally applying the system to any liquid carrying equipment (heat exchangers, pipes, tanks, cooling towers, filters, reactors, etc.) without the need to do any changes to them.Their externally installed power ultrasound solution is capable to clean almost any dirt, like biofouling, mineral scaling, chemical fouling.There are numerous different cases in which their power ultrasound patented solution can help.
Bridging the gap between founders and capital through content, connections and experience.
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- Software, Information Technology, FinTech
- Seed, Pre-Seed, Series A
- United States, Canada, Finland
Portfolio highlights
- Medmo — Patients frequently have to wait longer, travel farther, and pay more for medical imaging than is necessary. That's something we're here to change.
- ePallet — ePallet is a technology and logistics startup that makes it easy and efficient to buy and sell wholesale food by the pallet.ePallet makes it easy for Vendors to sell more and customers to save more. ePallet provides an artificial intelligence (AI)-driven platform that allows customers to directly access to manufacturers’ products in full-palletincrements.
- Surf Protocol — Surf Protocol is a decentralized platform for trading perpetual contracts. The company's goal is to make trading more transparent and secure.
Born2Grow is a german venture fund focusing on early stage investments. They invest up to 500k€ in innovative business models. They are based in Heilbronn in Baden-Wuerttemberg. Born2Grow focus on investments lies within the MedTech, BioTech, FinTech area as well as some other online industries
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- Software, Health Care, Medical
- Seed, Series A, Series B
- Germany, Finland, United States
Portfolio highlights
- Semorai — The SEMORAI Engineering AI Suite is your App Store for AI agents for reliable support in demanding mechanical engineering. Connect comprehensive engineering knowledge with your company know-how to accelerate your processes through AI to an unprecedented degree.
- Doinstruct — Doinstruct offers mobile training solution for frontline workers.
- traplinked — Digitale Fallensysteme - Endlich wissen, was los ist! Mit den traplinked Sensormodulen JERRY und TOM erhalten Sie in Echtzeit ein digitales Abbild Ihrer Kontrollpunkte.
Søren Jensen advises on inspirational civil engineering with hardcore engineering knowledge and the latest technology.
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- Energy, GreenTech, Smart Cities
- Funding Round
- Finland
Portfolio highlights
- Soletair Power — Soletair Power is a Finnish startup founded in 2016, operating in the fields of Direct Air Capture and power-to-X technology. The company captures CO2 from the air by retrofitting buildings' ventilation systems with carbon capture technology, resulting in low building emissions. Captured carbon dioxide can be mineralized into concrete, storedas pressurized gas or liquid, transported, and used as raw materials to produce synthetic products. In 2020, Wärtsilä, together with Soletair Power and Q-Power, created their first enclosed Power-to-X unit in the world which can produce synthetic methane from air-captured CO2 straight from the Finland pavilion in Expo 2020 Dubai, United Arab Emirates. The company has delivered multiple carbon dioxide capturing units since then to Germany, Finland, and Denmark.
Bonnier Capital is the investment division of the Bonnier Group. Since 2016, we invest in promising companies in structurally growing industries and have become a reliant investment partner to companies and funds of various sizes.
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- Health Care, Digital Media, Software
- Funding Round, Seed, Series A
- Sweden, Finland, Germany
Portfolio highlights
- Combify — Combify is a PropTech company that works with simplifying the communication in city development projects.
- Natural Cycles — Natural Cycles birth control is 93% effective with typical use and 98% effective with perfect use. Learn more about hormone-free birth control today.
- Kyra — Kyra is a Gen-Z entertainment company creating engaging digital content that resonates with youth culture. We represent world class digital native talent, produce digital content with the biggest and best consumer brands and develop media properties publishing daily content on platforms that matter to Gen Z. Kyra has the ability to not onlytarget but truly engage with the Gen-Z audience through content that resonates based on real-time audience data from our proprietary KyraIQ technology. Our inclusive, ahead-of-the-trend content and content creators make us the ultimate destination for the Gen-Z consumer who wants to be inspired by their own community. Our approach and creativity is based on data and insights and has proven to engage this audience better than any traditional publisher. We house a talent agency representing and collaborating with the leading Gen Z social stars such as Abby Roberts and Noen Eubanks; a global content studio creating award-winning content for youth-seeking brand partners such as Converse and HP; and a newly developed portfolio of media properties publishing daily content on Gen Z-native platforms around beauty, fashion, adventure, food, gaming and entertainment.Kyra engages Gen Z better than any traditional publisher, with an audience of 78 million social media followers racking up 750 million monthly video views in 190 countries around the globe. We know exactly where Gen Z is spending their time online and we respect their interests and passions. That result is content that is meaningful and fosters long term engagement for blue chip brands. Our team are experts on Gen Z culture, whether they are producing, managing, creating or marketing in New York, London and Los Angeles. Learn more at https://kyra.com/reel
First Fellow Partners is a private investment firm built on a founder-first philosophy. We invest only our own capital, backing bold, mission-driven technology entrepreneurs from idea to lasting impact.
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- Software, SaaS, Artificial Intelligence
- Seed, Series A, Pre-Seed
- Finland, United States, Estonia
Portfolio highlights
- IXI — Discover adaptive glasses with autofocus lenses that adjust to your viewing needs, providing seamless clarity at any distance.
- Quanscient — We are building next generation simulation software-as-a-service utilizing Quantum computing algorithms. Our specialty domain of simulations is Computational Electromagnetics.
- Hamina Wireless — Fast and simple wireless network design and site survey tools for network engineers and IT admins - For better Wi-Fi, Private 5G, and wireless IoT. Get started in just 2 minutes!
Diversified investments in the most promising early stage climate startups backed by top tier VCs.
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- Manufacturing, Energy, Biotechnology
- Seed, Pre-Seed, Series A
- United States, Canada, Germany
Portfolio highlights
- Magnefy — Magnefy (previously known as Infinion) is a Stanford spin-out pioneering an edge AI-powered, high-frequency magnetic sensing platform for real-time predictive maintenance of critical power assets like transformers, switchgear, and generators. Our $500 non-invasive IoT solution captures 250× more low-noise, high-frequency data—accurately detectingfailures like partial discharge and higher harmonics weeks to months in advance, at one-tenth the cost of legacy systems. We help mission-critical facilities—data centers, IPPs, utilities, and manufacturers—avoid outages, boost reliability, and maximize power efficiency.
- Copper — Thoughtfully designed, meticulously engineered, well-made home electrification products.
- ChemFinity Technologies — ChemFinity Technologies is a chemical company that offers critical metal recovery, water purification, and gas separation services.
Fortum’s competence in waste-to-energy and strong financial resources, a true Nordic circular economy champion will be formed.
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- CleanTech, Clean Energy, Renewable Energy
- Series A
- Finland
Portfolio highlights
- AW-Energy — AW Energy is a global leader in wave energy technology companies. Learn more about our Wave Energy products.
Vantaan Energia is one of Finland's largest urban energy companies.
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- Automotive, Electronics, Mobile Apps
- Seed, Funding Round, Private Equity
- Finland, Sweden
Portfolio highlights
- Myrspoven — Myrspoven provides a unique cloud-based service which continuously reads the output data from your buildings. The data is then analysed using modern AI technology which enables new ways of optimizing energy consumption.
- Virta — The Virta platform for electric vehicle charging gives you an accelerated and cost-effective channel to launch, operate, and grow an EV charging business.
- Carbonaide — Carbonaide provides award winning technology to utilize and store carbon dioxide in the precast concrete industry. Our mission is to turn concrete from a large emission source into a carbon sink.
VTT is one of Europe’s leading research institutions. We are owned by the Finnish state. Our task is to advance the utilisation and commercialisation of research and technology in commerce and society. Through scientific and technological means, we turn large global challenges into sustainable growth for businesses and society. We bring togetherpeople, business, science and technology to solve the biggest challenges of our time. This is how we create sustainable growth, jobs and wellbeing and bring exponential hope.
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- Mining, Lighting, Automotive
- Seed, Funding Round
- Finland
Portfolio highlights
- TactoTek — Set your imagination free and create user experiences with the help of sustainable smart molded structures.
- Steady Energy — Steady Energy aims to decarbonize the energy-intensive heating industry starting with residential and district heating.
- HYPERMINE — Hypermine a novel laser-based mineralogy sensing technology to optimize resource recovery and reduce the negative environmental effects of mining.
VNT Management is a venture capital management company that offers its services to investors and entrepreneurs.The company offers investors with 3 venture capital funds, all of which focus on clean technology. Furthermore, it offers an IRR of 25% and a position in the top quartile of European venture capital funds. Entrepreneurs are offered withsupply management, business idea, application, and product concept development, and technology scanning and evaluation services.VNT Management was founded in 2002 and is based in Finland.
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- Manufacturing, Electronics, Information Technology
- Funding Round, Series B, Seed
- Finland, Germany
Portfolio highlights
- Visedo — Danfoss Editron specializes in hybrid and electric powertrain systems for off-highway and marine markets.
- WeSustain — WeSustain develops and sells web-based software for enterprise sustainability management. The company’s ESM software is a management support system that helps companies go green and manage products, processes, and technologies in an environment-friendly manner.WeSustain’s ESM software enables the clients to establish a software-supported ESMsolution, as well as manage, improve, and report their ESM performance on a global basis while mitigating sustainability risks. The company was founded in 2010 and is based in Buxtehude, Germany.
- Cajo Technologies — Our turnkey laser marking solutions for traceability and product markings are easy to use and optimized for industrial production processes.
European Circular Bioeconomy Fund invest and partner with entrepreneurs to accelerate late-stage circular bioeconomy companies.
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- Biotechnology, AgTech, Agriculture
- Series B, Series A, Series C
- The Netherlands, France, Italy
Portfolio highlights
- OroraTech — From safeguarding forests and ecosystems to protecting communities and critical assets, OroraTech's advanced technology and reliable insights address challenges, mitigate risks, and drive meaningful impact.
- Elicit Plant — We work with farmers around the world to meet the challenges of climate change and the impact of water scarcity on field crops.
- watttron — Watttron invents a revolutionary heating system that can heat up surfaces heterogeneously.Watttron develops an innovative heating technology that can be used in various industrial processes. It is superior to current heating systems in many ways and offers a number of advantages. On the following pages, you will find information about possibleapplications and opportunities.The company is located in the Technologie- und Gründerzentrum Freital – a technology and start-up center on the outskirts of Dresden, the state capital of Saxony.
KPMG is a global network of professional firms providing Audit, Tax & Advisory services.
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- Software, Information Technology, Enterprise Software
- Funding Round, Series A, Series B
- United States, Australia, United Kingdom
Portfolio highlights
- Auditoria.AI — Auditoria's agentic AI-based finance automation increases the speed, accuracy, and productivity of teams to automate accounts payable and receivable.
- Wokelo AI — Wokelo AI transforms research for PE, VC, Consulting, and Corporates. Save time, uncover insights, and make data-driven decisions. Book your demo now.
- Cranium — Gain visibility into your AI systems, identify AI security risks, and demonstrate internal and 3rd-party AI compliance.
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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- Apps, Hospital, Consulting
- Seed, Grant, Pre-Seed
- Finland, Luxembourg
Portfolio highlights
- NADMED — The standard of NAD measuring
- Solid IO — Solid IO is transforming precision oncology with organ-on-chip technology, delivering real-time, patient-specific insights to improve cancer treatment decisions.
- Moncyte Health — Unique technology and novel data for personalized and optimal treatment of high cholesterol
Discover how the EU functions, its principles, priorities; find out about its history and member states; learn about its legal basis and your EU rights.
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- Health Care, Information Technology, Biotechnology
- Grant, Seed, Funding Round
- Germany, United Kingdom, United States
Portfolio highlights
- RoboTwin — Easy robot teaching for spray painting, powder coating, grinding, sanding, polishing, general motion teaching. 3 steps & 1 minute to automation.
- Dakar Mobilite — Dakar Mobilité is the Senegalese business that operates the Dakar BRT. The company is concerned with road safety, air pollution, and greenhouse gas emissions.
- Future Genius — Genius Nation is a platform that increases the effectiveness of teaching science subjects by 16 to 27%. The platform individualizes the teaching process for each student. Algorithms that individualize the teaching process are responsible for uniquely adapting the teaching process to the individual cognitive processes of each student. Thanks togamification, the platform supports each student every day, motivating them to acquire skills. The platform combines the school and home environment, allowing for full support of the student. The platform was created as a result of scientific research conducted in schools. Using artificial intelligence technologies and neurolearning, scientific achievements of cognitive psychology help students progress in their studies every day. A dedicated Genius Conduction bone headset was created for the platform.
Takeoff Partners are experienced growth advisors and private investors.
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- Software, CRM, Sales
- Seed, Funding Round
- Finland, United States, United Kingdom
Portfolio highlights
- Humap — Howspace is an AI-powered online platform that brings digital collaboration and social learning to the forefront of your process & development initiatives.
- Buildie — Buildie is a software company that develops and sells software products for building documentation and quality management.
- CollectiveCrunch — CollectiveCrunch is an AI leader in the forestry industry. We collect and analyze a wide range of information, including climate, geo and process data, to bring best-in-class forest inventories and accurate carbon storage calculations to our customers. The largest forest owners the Nordics and Baltics are already using using our solution, LindaForest.With Linda Forest, our customers gain actionable insights, leading to improved forest management, informed forest investments and up-to-date carbon storage analytics. Overall, Linda Forest can reduce forest planning costs while increasing accuracy. We are currently focused on the Nordic and Baltic countries but are soon adopting the solution to Northern America, Russia and other forestry markets. Moreover, we are working with insurance companies to apply our expert analytics to new opportunities such as prediction of forest risk.
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Show more...Investment focus
- Automotive, Software, Electric Vehicle
- Funding Round, Series C, Series A
- United States, Israel, United Kingdom
Portfolio highlights
- RemotiveLabs — RemotiveLabs is a developer of an automotive software development platform designed to streamline the vehicle manufacturing process.
- NEURA Robotics — Cognitive Robotics for Real-World Applications: NEURA Robotics enables safe and smart robot integration for Industry, Work and Everyday Life
- Breathe Battery Technologies — Breathe Battery Technologies is a research-led technology company developing advanced battery management algorithms
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