Top 50 Internet Startup Investors in Finland (July 2026)
For AI agents: Short investor table (Markdown), Detailed investor list (Markdown)
| Investor | Relevant Deals | Geography | Stage | Focus | Round Size |
|---|---|---|---|---|---|
|
Business Finland
VC Fund
|
31 | Finland, United States, United Kingdom | Grant, Seed, Debt Financing | Software, Biotechnology, SaaS | $53k–$10M |
|
Superhero Capital
VC Fund
|
21 | Finland, Lithuania, Estonia | Seed, Pre-Seed, Series A | Software, Information Technology, Internet | $212k–$8.2M |
|
Visionplus
VC Fund
|
19 | Finland, United States, United Kingdom | Seed, Series A | Software, Information Technology, Internet | $77k–$14M |
|
Reaktor Ventures
VC Fund
|
16 | Finland, Germany, United States | Seed, Pre-Seed, Series A | Internet, Software, E-Commerce | $137k–$6.6M |
|
Icebreaker.vc
VC Fund
|
13 | Finland, Sweden, Estonia | Pre-Seed, Seed, Series A | Software, Information Technology, Artificial Intelligence | $106k–$25M |
|
Lifeline Ventures
VC Fund
|
13 | Finland, United States, United Kingdom | Seed, Series A | Software, Health Care, E-Commerce | $547k–$20M |
|
Tesi
VC Fund
|
12 | Finland, United States, Switzerland | Series A, Series B | Software, Manufacturing, Health Care | $2.2M–$41M |
|
Vendep Capital
VC Fund
|
12 | Finland, United States, Denmark | Seed, Series A | SaaS, Software, Information Technology | $713k–$13M |
|
Innovestor
VC Fund
|
12 | Finland, Sweden, Denmark | Seed, Pre-Seed | Software, Health Care, Information Technology | $204k–$4.5M |
|
Inventure
VC Fund
|
11 | Finland, Sweden, United States | Seed, Series A, Series B | Software, Information Technology, Health Care | $549k–$25M |
|
Finnvera Venture Capital
VC Fund
|
11 | Finland, United States, Chile | Seed, Series A | Software, Health Care, Information Technology | $250k–$22M |
|
OpenOcean
VC Fund
|
10 | Finland, United States, United Kingdom | Series A, Series B, Seed | Software, Information Technology, SaaS | $2.3M–$30M |
|
Maki.vc
VC Fund
|
9 | Finland, Norway, Denmark | Seed, Series A, Pre-Seed | Software, E-Commerce, Information Technology | $900k–$37M |
|
Conor Venture Partners
VC Fund
|
7 | Finland, United States, Sweden | Series A, Series B, Seed | Software, Analytics, Semiconductor | $1.1M–$16M |
|
Ali Omar
Angel
|
7 | Finland, United States, Estonia | Seed, Pre-Seed, Angel | Software, SaaS, Artificial Intelligence | $53k–$2.1M |
|
VTT Ventures
VC Fund
|
6 | Finland | Seed, Series A | Biotechnology, Manufacturing, Sensor | $460k–$13M |
|
Butterfly Ventures
VC Fund
|
6 | Finland, Sweden, Norway | Seed, Pre-Seed | Health Care, Software, Information Technology | $110k–$4.3M |
|
Gorilla Capital
VC Fund
|
5 | Finland, Sweden, Estonia | Pre-Seed, Seed, Series A | Software, SaaS, Information Technology | $149k–$5M |
|
Redstone.VC
VC Fund
|
5 | Germany, Finland, Switzerland | Seed, Series A, Pre-Seed | Software, Information Technology, Health Care | $505k–$17M |
|
Initial Capital
VC Fund
|
4 | United Kingdom, United States, Finland | Seed, Series A | Gaming, Mobile, Software | $796k–$12M |
|
Voland Partners
VC Fund
|
4 | Finland | Series A | Information Technology, Software, Marketing | |
|
Trind Ventures
VC Fund
|
4 | Finland, Estonia, Spain | Seed, Series A, Venture - Series Unknown | Software, Information Technology, SaaS | $549k–$15M |
|
Wave Ventures
VC Fund
|
4 | Finland, Sweden, Germany | Pre-Seed, Seed | Software, Internet, Information Technology | $183k–$3.4M |
|
Ilkka Paananen
Angel
|
4 | Finland, United States, United Kingdom | Seed, Series A, Pre-Seed | Software, Artificial Intelligence, FinTech | $1.2M–$68M |
|
Andreas Mihalovits
Angel
|
4 | Spain, United Kingdom, United States | Seed, Series A | Software, Information Technology, SaaS | $439k–$7M |
|
Miki Kuusi
Angel
|
4 | Finland, Lithuania, Kenya | Seed, Angel, Pre-Seed | Software, E-Commerce, Artificial Intelligence | $1.8M–$29M |
|
Nordea
VC Fund
|
3 | Finland, Sweden, Norway | Debt Financing, Seed | FinTech, Financial Services, Banking | |
|
Wellington Partners
VC Fund
|
3 | Germany, United States, United Kingdom | Series A, Series B | Health Care, Biotechnology, Medical | $3.1M–$55M |
|
Sisu Game Ventures
VC Fund
|
3 | Finland, United States, Germany | Seed, Series A, Pre-Seed | Gaming, Video Games, Software | $110k–$38M |
|
Jonas Dromberg
Angel
|
3 | Sweden, Finland | Angel, Series A | E-Commerce, SaaS, Internet | $5.5M–$12M |
|
SanomaVentures
VC Fund
|
3 | Finland, The Netherlands | Seed, Series A | Internet, SEO, Finance | $466k–$3M |
|
5Y Capital
VC Fund
|
3 | China, United States, India | Series A, Series B, Series C | Artificial Intelligence, Biotechnology, Software | $5M–$400M |
|
Zach Shelby
Angel
|
3 | Finland, United States | Pre-Seed, Seed | Internet of Things, Hardware, Software | $1.4M–$1.8M |
|
Evli Growth Partners
VC Fund
|
3 | Finland, Germany, Poland | Series B, Series A, Series C | E-Commerce, EdTech, Internet | $5.5M–$60M |
|
Xiaomi
VC Fund
|
3 | China, India, Indonesia | Series A, Series B, Series C | Manufacturing, Software, Information Technology | $1.4M–$400M |
|
First Fellow Partners
VC Fund
|
3 | Finland, United States, Sweden | Seed, Series A, Pre-Seed | Software, SaaS, Artificial Intelligence | $228k–$26M |
|
Centre for Economic Development, Transport and the Environment
VC Fund
|
3 | Finland | Grant | SaaS, FinTech, Lighting | $33k–$7.4M |
|
Everywhere Ventures
VC Fund
|
3 | United States, Australia, India | Pre-Seed, Seed, Series A | Software, Health Care, FinTech | $550k–$60M |
|
Riku Mäkelä
Angel
|
3 | Finland, United States | Angel, Pre-Seed, Series A | Gaming, Computer, Software | |
|
Karma Ventures
VC Fund
|
3 | Estonia, United States, Sweden | Series A, Series B, Seed | Software, Artificial Intelligence, Information Technology | |
|
Jussi Laakkonen
Angel
|
3 | Finland, United States | Seed, Angel, Pre-Seed | Artificial Intelligence, Gaming, Genetics | |
|
KoppiCatch
VC Fund
|
2 | Finland | Seed | Mobile, Sensor, Internet | |
|
Pekka Koskinen
Angel
|
2 | Finland | Angel, Pre-Seed | B2B, SaaS, Content | $106k–$424k |
|
Digital Future
VC Fund
|
2 | United States, Canada, Ukraine | Seed, Pre-Seed, Series A | Software, SaaS, Mobile | $120k–$2.6M |
|
Northzone
VC Fund
|
2 | United States, Sweden, United Kingdom | Series A, Series B, Seed | Software, FinTech, Information Technology | $2.4M–$90M |
|
Marten Mickos
Angel
|
2 | Finland, United States, Sweden | Seed, Series A, Convertible Note | Software, Enterprise Software, Internet | $550k–$4.5M |
|
OP Corporate Bank
VC Fund
|
2 | Finland, Estonia | Post-IPO Debt, Debt Financing, Seed | Retail, Software, Manufacturing | $12M–$928M |
|
DN Capital
VC Fund
|
2 | United States, Germany, United Kingdom | Series A, Series B, Seed | Software, SaaS, E-Commerce | $300k–$65M |
|
Cecily Drucker
Angel
|
2 | Finland | Seed | B2B, SaaS, Content | $1.2M–$1.8M |
|
Alfvén & Didrikson
VC Fund
|
2 | Sweden, United Kingdom, Finland | Series B, Series A | Software, SaaS, Internet | $5M–$175M |
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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.
Show more...Investment focus
- Industry: Software, Biotechnology, SaaS
- Stage:Grant, Seed, Debt Financing
- Geography: Finland, United States, United Kingdom
Investor stats
- Total investments: 219
- Round size: Seed $297k–$3.5M; Grant $53k–$10M; Debt Financing $241k–$6.7M
- Lead/follow: 43% lead, 57% follow
- Last fund: May invest from a new fund soon — last raise in 2017
Portfolio highlights
- eMabler — EMabler is an EV charging infrastructure software company that develops an API-first platform used by businesses to operate, manage, and scale electric vehicle charging networks. It provides a centralized system for charge point management, billing, pricing, roaming, and energy optimization, allowing operators to control large networks of EVchargers from a single platform. The software connects charging hardware with business systems such as CRM, payment, and energy management tools through open APIs and a large library of integrations. The company focuses on enabling enterprises, such as energy utilities, parking operators, and retail businesses, to embed EV charging directly into their existing services and digital platforms rather than building standalone charging systems. This includes white-label solutions where charging is integrated into a company’s own app or customer experience under its brand.
- Coolbrook — Coolbrook is a manufacturer of naphtha cracking-based reactors. Their technology is intended to replace the conventional steam cracker furnace in existing and new olefins plants, enabling petrochemical clients to get improved product yield and lower energy consumption.
- Solar Foods — Solar Foods is a food-tech startup that specializes in testing a technology that uses electricity to produce hydrogen which is combined with carbon dioxide, water, vitamins, and minerals to feed and grow microbial biomass that can be used as edible protein. The industrial biotech startup develops a protein called Solein, a nutritious, sustainablesubstitute for animal-derived proteins. Solein is created using elements from the air—CO2, water, nitrogen—and electricity. This single-cell protein is cultivated through gas fermentation, essentially deriving edible calories from hydrogen-oxidizing microbes.
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€.
Show more...Investment focus
- Industry: Software, Information Technology, Internet
- Stage:Seed, Pre-Seed, Series A
- Geography: Finland, Lithuania, Estonia
Investor stats
- Total investments: 94
- Round size: Seed $212k–$3.1M; Pre-Seed $618k–$1.8M; Series A $3.4M–$8.2M
- Lead/follow: 54% lead, 46% follow
- Last fund: May invest from a new fund soon — raised $35M in 2020
Portfolio highlights
- Zadaa — We are the world’s first marketplace to make selling and buying secondhand as simple as in an online store. We have revolutionised C2C logistics regarding pricing and marketplace integration between multiple logistic companies operating on different markets. Zadaa is live on German, Danish and Finnish markets.
- Creagent — Find designers. Screened & shortlisted. Easy, fast and cost-effective - the smart way of sourcing with AI.
- Pricen — Pricen is an AI-driven dynamic pricing platform for retail and e-commerce. Used in over 32 countries, Pricen helps retail and e-commerce businesses to maximize profitability with an AI-driven pricing solution that intelligently optimizes product prices at every stage, from launch to markdown. The platform integrates seamlessly with your ERP, PIMand major e-commerce ecosystems.AI-Driven Pricing Pricing Simulator Pricing Automation Pricing Management Platfom
WE HELP YOU TO GROW FASTER!
Show more...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 — We provide a platform for businesses to connect and collaborate with mobile users around the world, gaining valuable insights and opinions, which matter more than ever.
- 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.
Reaktor Ventures they invest in seed stage companies and helps them to create markets.
Show more...Investment focus
- Industry: Internet, Software, E-Commerce
- Stage:Seed, Pre-Seed, Series A
- Geography: Finland, Germany, United States
Investor stats
- Total investments: 55
- Round size: Seed $137k–$2M; Pre-Seed $159k–$1.8M; Series A $1.7M–$6.6M
- Lead/follow: 15% lead, 85% 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
- Videoly — The easiest way for online retailers to get hand-picked and automatically embedded product videos.
- 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.
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.
Show more...Investment focus
- Industry: Software, Information Technology, Artificial Intelligence
- Stage:Pre-Seed, Seed, Series A
- Geography: Finland, Sweden, Estonia
Investor stats
- Total investments: 124
- Round size: Seed $384k–$5.2M; Pre-Seed $106k–$1.3M; Series A $3.1M–$25M
- Lead/follow: 53% lead, 47% follow
- Last fund: May invest from a new fund soon — raised $22M in 2021
Portfolio highlights
- Cytely — Transforms microscopy from image-driven to data-driven through AI-powered autonomous targeting that captures high-resolution data of critical cellular events, enabling researchers to solve complex biological problems in minutes instead of years.
- Oplane — Oplane AB is a cybersecurity startup that develops an AI powered platform for automated threat modeling for software development teams.
- 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!
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.
Show more...Investment focus
- Industry: Software, Health Care, E-Commerce
- Stage:Seed, Series A
- Geography: Finland, United States, United Kingdom
Investor stats
- Total investments: 190
- Round size: Seed $547k–$5.4M; Series A $2.7M–$20M
- Lead/follow: 39% lead, 61% follow
- Last fund: Likely still investing — raised $171M in 2023
Portfolio highlights
- ICEYE — Gain access to timely and reliable SAR imaging from the world's leading New Space SAR satellite constellation.
- Thor Dynamics — Headquartered in Orlando, Florida, with a European base in Finland, Thor Dynamics specializes in directed energy systems for defense against drones and drone swarms. The company’s innovative solutions are available worldwide to protect critical infrastructure and enhance national security. Laser Armor™ is a complete directed energy counter-dronesolution. Utilizing advanced radar and optical systems it can detect, track, and target hostile targets. High-power directed energy from Thor’s Laser Engines then eliminates the threat in seconds. Multiple safety systems ensure accurate target identification and minimal collateral damage.
- Everywear Games — Metacore is a wearable game studio. The company was founded in 2014 by industry veterans from Remedy, Digital Chocolate and Rovio and it is the pioneer of smartwatch gaming. It’s award-winning Apple Watch launch title, Runeblade, has received worldwide recognition from press, fans and industry heavyweights and it’s games are consistently on top ofglobal charts.
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
Show more...Investment focus
- Industry: Software, Manufacturing, Health Care
- Stage:Series A, Series B
- Geography: Finland, United States, Switzerland
Investor stats
- Total investments: 145
- Round size: Series A $2.2M–$41M; Series B $3.1M–$35M
- Lead/follow: 16% lead, 84% follow
Portfolio highlights
- ICEYE — Gain access to timely and reliable SAR imaging from the world's leading New Space SAR satellite constellation.
- Vexlum —
- Wirepas — Wirepas offers a standards-based, ultra-reliable mesh connectivity for infrastructure-grade IoT. Proven in millions of devices worldwide.
We back early-stage B2B SaaS founders in the Nordics & Baltics with capital, expertise, and long-term partnership. See how we invest and support growth.
Show more...Investment focus
- Industry: SaaS, Software, Information Technology
- Stage:Seed, Series A
- Geography: Finland, United States, Denmark
Investor stats
- Total investments: 46
- Round size: Seed $713k–$5.4M; Series A $3.4M–$13M
- Lead/follow: 54% lead, 46% follow
- Last fund: May invest from a new fund soon — raised $82M in 2021
Portfolio highlights
- GitHits — GitHits gives AI coding agents access to open-source code
- Agileday — Connect your business elements in one tool and manage your entire operations with Agileday. Match sales, projects, and talent together and optimize your business.
- Test of Things — Test of Things is to protect customers and society from cyber incidents by making IoT cybersecurity easy and automated. They are building a cloud service that automates security testing so customers can ship secure, compliant products with peace of mind.Their platform integrates security into the development lifecycle, enabling continuous testingthat lowers risks and costs while enhancing reputation.
Innovestor is an active Finnish investment manager, focusing on venture capital, real estate, and energy storage. We also offer corporate venturing services.
Show more...Investment focus
- Industry: Software, Health Care, Information Technology
- Stage:Seed, Pre-Seed
- Geography: Finland, Sweden, Denmark
Investor stats
- Total investments: 87
- Round size: Seed $478k–$4.5M; Pre-Seed $204k–$2M
- Lead/follow: 59% lead, 41% follow
- Last fund: May invest from a new fund soon — raised $35M in 2020
Portfolio highlights
- Jaakko.com — Reinventing the housing market with no agents, more homes, and less fees.
- Retailgrid — Retailgrid is an AI-powered retail workspace that enables pricing, merchandising, and commercial teams to analyze data, run simulations, and make decisions in real time. Combining a flexible spreadsheet-like interface with AI agents, RetailGrid replaces fragmented tools and manual workflows with a single system for pricing optimization, promotionplanning, and assortment decisions. The platform connects to product, sales, and competitor data, automatically generates insights, and allows teams to test scenarios and deploy decisions at scale. RetailGrid is built for data-driven retailers looking to move faster and operate with the efficiency of top-tier consulting, without the cost or complexity.
- Bahn Express — Bahn Express is a global car transportation company that supports independent contractors while offering quick and easy auto shipping throughout Europe.
Since 2005, Inventure has backed over 90 companies including Wolt, Swappie, Jobbatical, aiMotive, and more.
Show more...Investment focus
- Industry: Software, Information Technology, Health Care
- Stage:Seed, Series A, Series B
- Geography: Finland, Sweden, United States
Investor stats
- Total investments: 172
- Round size: Seed $549k–$5.9M; Series A $1.3M–$17M; Series B $1.3M–$25M
- Lead/follow: 46% lead, 54% follow
- Last fund: Likely still investing — raised $169M in 2022
Portfolio highlights
- Finch — Optimize building design with AI and graph technology. Get immediate feedback on performance, detect errors and find optimal solutions.
- ONEiO — ONEiO is a cloud-native integration service provider connecting people, processes, and tools – enabling seamless collaboration without traditional integration hassle. Provided as a turn-key solution, as self-service, or something in between. You choose.
- Valuebeat — Grow your culture. Backed by data. Platypus is the HR and recruitment tool that measures cultural drivers of people across the organization to help you qualify decisions on hiring and managing your culture.
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Browse database — It's Free!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.
Show more...Investment focus
- Industry: Software, Health Care, Information Technology
- Stage:Seed, Series A
- Geography: Finland, United States, Chile
Investor stats
- Total investments: 95
- Round size: Seed $250k–$2.3M; Series A $1.7M–$22M
- Lead/follow: 16% lead, 84% follow
Portfolio highlights
- ARAUCO — ARAUCO is a diversified global company in the forestry industry. They use world-class technologies and processes throughout the value chain. They are present in the forestry, pulp, timber, panels and renewable energy businesses.
- eMabler — EMabler is an EV charging infrastructure software company that develops an API-first platform used by businesses to operate, manage, and scale electric vehicle charging networks. It provides a centralized system for charge point management, billing, pricing, roaming, and energy optimization, allowing operators to control large networks of EVchargers from a single platform. The software connects charging hardware with business systems such as CRM, payment, and energy management tools through open APIs and a large library of integrations. The company focuses on enabling enterprises, such as energy utilities, parking operators, and retail businesses, to embed EV charging directly into their existing services and digital platforms rather than building standalone charging systems. This includes white-label solutions where charging is integrated into a company’s own app or customer experience under its brand.
- CHAOS — CHAOS is an urban forecasting company for real estate investors and city developers. Our AI platform processes urban data and crowd insights to forecast investment and development for creating liveable cities.
OpenOcean is an early-stage venture capital firm investing in B2B software across Europe with offices in London & Helsinki.
Show more...Investment focus
- Industry: Software, Information Technology, SaaS
- Stage:Series A, Series B, Seed
- Geography: Finland, United States, United Kingdom
Investor stats
- Total investments: 97
- Round size: Seed $2.8M–$11M; Series A $2.3M–$22M; Series B $7.3M–$30M
- Lead/follow: 42% lead, 58% follow
- Last fund: May invest from a new fund soon — last raise in 2021
Portfolio highlights
- Booksy — Booksy - book appointments online. Find & book beauty services like hairdressing, manicure, spa or massage. Check prices & reviews!
- Outlyer — Outlyer is a self-service infrastructure monitoring platform made for DevOps and microservices. We monitor your full stack—from servers and cloud providers to databases, containers and custom metrics. We give you dashboards, analytics and alerts that are easy to set up and customize for both developer and operations teams.Outlyer is monitoring,done differently.
- Sitegeist —
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.
Show more...Investment focus
- Industry: Software, E-Commerce, Information Technology
- Stage:Seed, Series A, Pre-Seed
- Geography: Finland, Norway, Denmark
Investor stats
- Total investments: 98
- Round size: Seed $900k–$8M; Pre-Seed $1.1M–$2.7M; Series A $3.3M–$37M
- Lead/follow: 46% lead, 54% follow
- Last fund: Likely actively investing — fund raised in 2024
Portfolio highlights
- Disior — At Disior, we build software to measure and model tissue structures in CT- and MRI-images for better diagnosis and treatment planning.Our solutions are for clinical use. They enable fast, accurate and reproducible measuring for diagnostics and patient-specific, optimized treatment planning. Based on mathematical modelling, Disior algorithmsextract the correct shape or structure from the medical image. This way, the software is not dependent on finding familiar structures or comparing something to reference data. We combine engineering and R&D talent with medical and biotechnology professionals. Our team brings together decades of experience in creating world’s best simulation and modelling systems from smartphone R&D; clinicians and researchers in maxillofacial and orthopedics; and technology innovation and commercialization.For demo, pilots and research projects, please contact Anna-Maria Henell, CEO: +358 50 483 6433 / anna-maria (at) disior.com
- IXI — Discover adaptive glasses with autofocus lenses that adjust to your viewing needs, providing seamless clarity at any distance.
- K Line Europe — Clear Aligner solutions made in Germany for dentists, orthodontists and laboratories.
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.
Show more...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
- Blackwood Seven — Blackwood Seven is a media analytics platform which strives to increase the effect of company’s media spend using our predictive analytics framework built on machine learning and artificial intelligence. Using real-time modelling and advanced KPI prediction we are able to increase a company’s media ROI by up to 15-25%.
- 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.
Ali Omar is a Member of the Finnish Business Angels Network. He attended Aalto University and the University of Oulu.
Show more...Investment focus
- Industry: Software, SaaS, Artificial Intelligence
- Stage:Seed, Pre-Seed, Angel
- Geography: Finland, United States, Estonia
Investor stats
- Total investments: 62
- Round size: Seed $263k–$2.1M; Angel $53k–$1.6M; Pre-Seed $163k–$724k
- Lead/follow: 16% lead, 84% follow
Portfolio highlights
- MÖ Foods — MÖ Kaurajogu is domestic, completely herbal and above all delicious. All our products are manufactured in Central Ostrobothnia, Lohtaja.
- React & Share — High volume, high quality feedback directly from your customers. React & Share helps digital comms teams improve their websites and satisfy their customers.
- Plain Complex — VUOROX IS AN AI-POWERED ROSTER SCHEDULING APP FOR HEALTHCARE
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?
Show more...Investment focus
- Industry: Biotechnology, Manufacturing, Sensor
- Stage:Seed, Series A
- Geography: Finland
Investor stats
- Total investments: 24
- Round size: Seed $460k–$6M; Series A $1.7M–$13M
- Lead/follow: 13% lead, 87% follow
Portfolio highlights
- Dispelix — See-through, full color waveguide combiners for a wide range of XR applications. From near-eye to head-up.
- Solar Foods — Solar Foods is a food-tech startup that specializes in testing a technology that uses electricity to produce hydrogen which is combined with carbon dioxide, water, vitamins, and minerals to feed and grow microbial biomass that can be used as edible protein. The industrial biotech startup develops a protein called Solein, a nutritious, sustainablesubstitute for animal-derived proteins. Solein is created using elements from the air—CO2, water, nitrogen—and electricity. This single-cell protein is cultivated through gas fermentation, essentially deriving edible calories from hydrogen-oxidizing microbes.
- Infinited Fiber Company — Infinited Fiber Company is a Finnish biotech founded in 2016 to commercialize a breakthrough recycling technology that can turn cellulose-rich raw materials – like cotton-rich textile waste, used cardboard, or wheat or rice straw – into high-quality textile fibers with the look and feel of cotton. The patented technology has been validated byleading brands and is ready to be scaled. Infinited Fiber Company won the Europas 2020 Hottest Sustainability Tech Award, and was listed on the Global 50 to Watch by Cleantech Group in 2019. In 2016 Infinited Fiber Company was selected into WWF’s Climate Solver network. The company is headquartered in Espoo, Finland.
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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- Industry: Health Care, Software, Information Technology
- Stage:Seed, Pre-Seed
- Geography: Finland, Sweden, Norway
Investor stats
- Total investments: 87
- Round size: Seed $373k–$2.1M; Pre-Seed $110k–$4.3M
- Lead/follow: 41% lead, 59% follow
Portfolio highlights
- Zenniz — Zenniz is an ITF approved game tracking solution that provides real-time info, such as automated line calling, stroke and serve speeds, shot charts, match statistics and more. Players and coaches at all levels can use Zenniz on and off the court to help improve their game. For tennis clubs, Zenniz is an easy and cost-effective way to upgrade to thenext level. Due to a new, innovative sensor technology, they’ve been able to keep the cost to a minimum, making Zenniz accessible for all clubs, coaches and players.
- CooliBlade — Superior power electronics cooling solutions for applications like solar and wind energy, energy storage, EV charging and telecommunications.
- Polar Light Technologies — Polar Light Technologies focuses on developing the next generation of Nano and micro LED technology.
Gorilla Capital helps ambitious startups grow with smart funding and support. Discover how our team invests in early-stage companies.
Show more...Investment focus
- Industry: Software, SaaS, Information Technology
- Stage:Pre-Seed, Seed, Series A
- Geography: Finland, Sweden, Estonia
Investor stats
- Total investments: 66
- Round size: Seed $274k–$1.3M; Pre-Seed $149k–$680k; Series A $2.6M–$5M
- Lead/follow: 71% lead, 29% 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.
The Redstone team is an international and diverse group of serial entrepreneurs, investors, investment professionals, tech analysts and data scientists.
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- Industry: Software, Information Technology, Health Care
- Stage:Seed, Series A, Pre-Seed
- Geography: Germany, Finland, Switzerland
Investor stats
- Total investments: 174
- Round size: Seed $505k–$8M; Pre-Seed $1M–$4.4M; Series A $1.6M–$17M
- Lead/follow: 41% lead, 59% follow
- Last fund: Likely still investing — raised $57M in 2023
Portfolio highlights
- Nomerra — Nomerra operates a business-to-business software-as-a-service model providing an AI-native operating platform tailored for enterprise asset servicers and private market asset managers. The company’s core value proposition focuses on automating fragmented, document-heavy back-office workflows across fund accounting, treasury management, and transferagency functions by deploying specialized AI agents that integrate directly with existing ERPs, banking networks, and email systems. These autonomous agents execute end-to-end operational tasks and validate data while providing human teams with full audit trails, effectively shifting human responsibilities from manual data compilation to automated output review.
- Talentir — Content Monetization
- Waniwani — WaniWani develops AI infrastructure that helps companies distribute products and services through AI platforms such as ChatGPT, Claude, and Gemini. It enables AI storefronts, customer discovery, quoting workflows, analytics, and compliance monitoring for businesses using conversational AI channels.
Initial Capital is an investor in seed and early-stage technology companies with a focus on games, consumer services & technology enablers.
Show more...Investment focus
- Industry: Gaming, Mobile, Software
- Stage:Seed, Series A
- Geography: United Kingdom, United States, Finland
Investor stats
- Total investments: 92
- Round size: Seed $796k–$4.2M; Series A $988k–$12M
- Lead/follow: 26% lead, 74% follow
Portfolio highlights
- Supercell — Visit Supercell.com and find out more about us and our games.
- Antidote — London-based startup studio for Bitcoin founders
- BetterDoctor — Our provider network software solutions & services provide unmatched tools & insights for you. Discover how you can measure, manage, monitor & model.
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822 industries, 177 countries. Updated daily. Emails and phones included.
Browse database — It's Free!Voland is a hands-on technology growth investor. A trusted partner for entrepreneurs, applying our expertise to enhance our portfolio companies.
Show more...Investment focus
- Industry: Information Technology, Software, Marketing
- Stage:Series A
- Geography: Finland
Investor stats
- Total investments: 10
- Lead/follow: 100% lead, 0% follow
- Last fund: Likely still investing — raised $88M in 2022
Portfolio highlights
- Luxid — Luxid helps clients break open silos to create customer experiences and end-to-end journeys that drive sales and support buyers.
- ReadPeak — Readpeak is one of the free fastest growing Native Advertising and content promotion platforms. With Readpeak you turn readers into customers and drive key conversions.
- Receptum Software — Receptum provides IT solutions and software services for the healthcare sector.
Trind VC is a founder-first venture capital firm investing in early-stage consumer startups across Europe. We back ambitious teams, help them grow, and stay by their side through every stage of the journey.
Show more...Investment focus
- Industry: Software, Information Technology, SaaS
- Stage:Seed, Series A, Venture - Series Unknown
- Geography: Finland, Estonia, Spain
Investor stats
- Total investments: 44
- Round size: Seed $549k–$4.9M; Series A $5.5M–$15M; Venture - Series Unknown $692k–$6.7M
- Lead/follow: 43% lead, 57% follow
- Last fund: May invest from a new fund soon — raised $27M in 2018
Portfolio highlights
- Webel — Webel is an on demand Home Services Marketplace (cleaning, nannies, tutors...) where clients can search, book, compare, pay and review these services. Thanks to a deep analysis of the current methods for hiring these services and the competition outlook, we have created a unique and revolutionary business model that will outperform the market.
- GitHits — GitHits gives AI coding agents access to open-source code
- Bahn Express — Bahn Express is a global car transportation company that supports independent contractors while offering quick and easy auto shipping throughout Europe.
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.
Show more...Investment focus
- Industry: Software, Internet, Information Technology
- Stage:Pre-Seed, Seed
- Geography: Finland, Sweden, Germany
Investor stats
- Total investments: 38
- Round size: Seed $329k–$2.1M; Pre-Seed $183k–$3.4M
- Lead/follow: 11% lead, 89% follow
- Last fund: Likely still investing — fund raised in 2022
Portfolio highlights
- CRACI — CRACI is a platform that automates EU Cyber Resilience Act compliance for product and service companies. It also secures software supply chains against attacks and vulnerabilities.
- CYBRET AI — CYBRET AI is an AI security research and development lab that develops autonomous security solutions with humans in and not in the loop.
- Fika Jobs — is building a video-first hiring platform that combines AI interview agents with short-form video profiles.
Ilkka Paananen, is the CEO and co-founder of Supercell, the Helsinki-based mobile games developer behind Clash of Clans, Hay Day, Boom Beach, Clash Royale and Brawl Stars. Since its founding in 2010, Supercell's five games have amassed 100m daily players and remain in the global top 10 years after launch. In June 2016, Supercell became thefirst European technology start-up to reach a valuation of $10 billion.In addition to his role at Supercell, Ilkka helps other entrepreneurs as both an investor and as an active member of the Nordic startup community where he mentors and coaches other founders. Alongside his co-founder Mikko Kodisoja, he has established the We Foundation to fight social inequality and help disadvantaged children in Finland.Prior to founding Supercell, he was the CEO & co-founder of Finnish games developer Sumea, which was later acquired by Digital Chocolate, where he worked as President until 2010. Ilkka holds a Master of Science degree from the Helsinki University of Technology.
Show more...Investment focus
- Industry: Software, Artificial Intelligence, FinTech
- Stage:Seed, Series A, Pre-Seed
- Geography: Finland, United States, United Kingdom
Investor stats
- Total investments: 60
- Round size: Seed $2.4M–$16M; Pre-Seed $1.2M–$2.7M; Series A $8M–$68M
- Lead/follow: 2% lead, 98% follow
Portfolio highlights
- CodeWords — CodeWords is a technology startup working on AI systems for workflow automation. Their platform CodeWords lets anyone create automations and AI workflows by chatting with AI. Agemo's technology is designed to build code-based workflows and systems that can autonomously reason through software.
- Qutwo — Europe’s next-generation AI lab for a quantum world.
- Lovable — Lovable builds software that builds software. Lovable vision is to unlock human creativity by enabling anyone to create software.
Andreas is a German serial entrepreneur and angel investor having invested in more than 150 international startups.Andreas co-founded his first internet company Omniga in 1999 and, after reaching profitability within 2 years, grew it to a venture builder focused on B2C subscription models with more than 200 employees when he stepped back from hisactive roles in 2012.In the same year Andreas started investing in startups and later also got engaged in the Spanish ecosystem as the founder of Marbella Tech Angels, a network of more than 160 investors, founders & mentors living around Marbella. Andreas is also co-founder of the Global Super Angels Club, a platform for angel investors usually investing six-figure euro amounts in startups, supporting its more than 70 members to improve their deal flow and speed up their search for like-minded co-investors.Andreas received several awards incl. the Best European Early Stage Investor 2018 award from the European Business Angel Network (EBAN) and the Best Business Angel 2020 award at the Spanish National Business Angel Conference.
Show more...Investment focus
- Industry: Software, Information Technology, SaaS
- Stage:Seed, Series A
- Geography: Spain, United Kingdom, United States
Investor stats
- Total investments: 65
- Round size: Seed $439k–$2.1M; Series A $1.5M–$7M
- Lead/follow: 11% lead, 89% follow
Portfolio highlights
- UMNAI — UMNAI's neuro-symbolic AI learns, explains and enforces policy in real time, with built-in governance. Intelligence you can trust. Decisions you can defend.
- Skarbe — Skarbe has officially wound down operations as of April 2026. Thank you for being part of our story.
- STAMP — STAMP redefines Tax-Free in Europe. Instant VAT exemption for travelers. More sales, transparency, and control for merchants.
Miki Kuusi is based out of Helsinki, Southern Finland and is the CEO of Deliveroo and the Co-founder & CEO of Wolt. Miki previously worked at NoHo Partners as a Board Member. Miki Kuusi attended the Aalto University. Miki Kuusi has been received the Forbes 30 under 30 award.
Show more...Investment focus
- Industry: Software, E-Commerce, Artificial Intelligence
- Stage:Seed, Angel, Pre-Seed
- Geography: Finland, Lithuania, Kenya
Investor stats
- Total investments: 14
- Round size: Seed $2.4M–$8M; Angel $5M–$29M; Pre-Seed $1.8M–$2.9M
- Lead/follow: 0% lead, 100% follow
Portfolio highlights
- Kapu — Your favorite supermarket on every street.
- Qutwo — Europe’s next-generation AI lab for a quantum world.
- Saltz — Premium ingredients for your menu with no hidden delivery fees or markups.
Nordea Bank is Denmark's second-largest bank and counts every fourth Dane among its customers. Through their nationwide network of some 340 branch offices and a broad range of self-service facilities, they are able to offer you a full scale of financial products and services, including Netbank, Online Investment, telephone banking and cashdispensers.
Show more...Investment focus
- Industry: FinTech, Financial Services, Banking
- Stage:Debt Financing, Seed
- Geography: Finland, Sweden, Norway
Investor stats
- Total investments: 23
- Lead/follow: no public data
Portfolio highlights
- Tibber — Tibber is a digital electricity supplier that offers smart solutions to minimize their customers’ consumption and costs. Its vision is to make sustainable energy consumption simple and affordable for all households. Tibber's mission is to reduce the residential electricity consumption for European households by 20 %. Founded in Norway andSweden in 2016, the company has expanded its offer to Sweden and Germany where it powers hundreds of thousands of homes. Tibber replaces traditional utilities with smart technology, supplying its customers with renewable energy at fair and transparent prices. In addition, its app provides real-time analytics into energy usage, and pairs with a variety of smart home devices to reduce electricity consumption at home. The company sells tech-gadgets in their online store and recently was licensed to balance the main power grid in Sweden with EVs.
- Statzon — Make data-driven plans & faster decisions with a simple access to +1M datasets & market reports about 8,000 topics from +200 trusted data providers.
- Get It Done Now — GIDN is a Nigerian Fintech Company targeting medium and low income population for Loans and Financial products. GIDN has in addition a cashless, mobile based community marketplace, with more than 5k members, and aims to regulate the informal economy and facilitate the purchase of Services and Digital Products.
Wellington Partners is a venture capital firm that invests in technology and life sciences companies, focusing on Digital Media, Software, Electronics & Photonics, Resource Efficiency, and Biotech/Life Sciences. It is committed to providing outstanding entrepreneurs with the necessary resources to fund their strategies. We typically leadfinancing rounds ranging from € 0.5 million to € 20 million. Depending on the maturity of the company, its own commitment can go as high as € 15 million.Wellington was established in 1998 and has offices in Munich, London, and Zurich.
Show more...Investment focus
- Industry: Health Care, Biotechnology, Medical
- Stage:Series A, Series B
- Geography: Germany, United States, United Kingdom
Investor stats
- Total investments: 196
- Round size: Series A $3.1M–$33M; Series B $7.7M–$55M
- Lead/follow: 30% lead, 70% follow
- Last fund: May invest from a new fund soon — raised $222M in 2019
Portfolio highlights
- nyra health — myReha is an artificial intelligence and evidence-based neurological research tablet app that offers a revolutionary form of therapy. myReha was founded in 2020 and was headquartered in Vienna, Austria.
- Nuclidium — NUCLIDIUM is a clinical-stage radiopharmaceutical company that develops novel radionuclide PET tracers for precision diagnostics. Using copper isotopes, Copper-61 for diagnostics and Copper-67 for therapeutics, the company is creating a differentiated platform with the potential to overcome existing limitations in radiotheranostics.
- Beren Therapeutics — Beren Therapeutics is a biotechnology company that develops innovative therapies to make them accessible to every patient. The company was founded in 2020 and is based in Thousand Oaks, CA.
Sisu Game Ventures is an early-stage venture capital fund focused 100% on games. We set up shop in 2014 to support the most promising founders in the industry. Sisu has deep roots in the Nordic region, but our network of founders is fully global.The Sisu team consists of Samuli, Paul, Erik, Kalle, Moaffak, Kadri, and Jere - all of whom haveextensive backgrounds in the game industry and startup circles, both as entrepreneurs and investors. We've founded and built sixteen game companies since the early 90s and had several successful exits. Apart from funding companies, the team uses their expertise to act as a studio builder. Individual founders are supported in building their team, honing their product strategy and in gathering the right group of investors.
Show more...Investment focus
- Industry: Gaming, Video Games, Software
- Stage:Seed, Series A, Pre-Seed
- Geography: Finland, United States, Germany
Investor stats
- Total investments: 55
- Round size: Seed $576k–$4.6M; Pre-Seed $110k–$800k; Series A $6.1M–$38M
- Lead/follow: 22% lead, 78% follow
- Last fund: May invest from a new fund soon — raised $50M in 2021
Portfolio highlights
- Torpor Games — Torpor Games is a video game company that offers PC, switch, android, and iOS game development services.
- Kinoa Labs — Kinoa provides an AI-powered LiveOps platform that helps mobile app and game companies manage user engagement, retention, and monetization. The platform lets teams design behavior-driven user journeys that respond to milestones, purchases, and inactivity in real time. It includes tools for in-app dynamic content, in-app messages, pushnotifications, remote configuration, feature settings, and webhooks, all managed from a single dashboard. Kinoa supports live user state management and live segments so experiences, offers, and pricing can be personalized instantly as behavior changes. It also offers calendar, resource management, and A/B testing capabilities to plan campaigns, manage in-app items and currencies, and optimize configurations. Integration is done via SDKs or APIs, after which operations teams can run experiments and updates without ongoing developer involvement.
- Antihero Studios — Antihero Studios creates multiplayer mobile games focused on social interaction and community engagement.
Jonas Dromberg - Investor & Advisor @ Apprl
Show more...Investment focus
- Industry: E-Commerce, SaaS, Internet
- Stage:Angel, Series A
- Geography: Sweden, Finland
Investor stats
- Total investments: 5
- Round size: Series A $5.5M–$12M
- Lead/follow: 0% lead, 100% follow
Portfolio highlights
- Apprl — Performance-based influencer marketing, made for e-commerce brands, and an invitation-only service for digital content creators.
- Klevu — Klevu Oy is a self-learning search engine that helps online retailers turn visitors into customers. Its search for SMEs focuses on fast, relevant search with actionable insights into shoppers’ search and easy self-service integration.Klevu Oy’s enterprise edition provides natural language search with ease of catalog maintenance and insights intoshopping experience. It is based in Helsinki, Southern Finland.
Access 48,091 investors
822 industries, 177 countries. Updated daily. Emails and phones included.
Browse database — It's Free!SanomaVentures is the venturing arm of European media company Sanoma Corporation (SAA1V), aiming to support innovative start-ups in digital information, entertainment and education by providing them with capital, media exposure, expertise and access to Sanoma’s business network.SanomaVentures focuses on early stage investments in start-ups activein online consumer services, e-commerce, mobile, video, online advertising and education. SanomaVentures has offices in Amsterdam and Helsinki.
Show more...Investment focus
- Industry: Internet, SEO, Finance
- Stage:Seed, Series A
- Geography: Finland, The Netherlands
Investor stats
- Total investments: 5
- Round size: Seed $466k–$3M
- Lead/follow: 0% lead, 100% follow
Portfolio highlights
- Venuu — Venuu is an event services company that provides solutions for parties, weddings, seminars, meetings and other events. To venue owners, it provides a cost-effective sales and marketing channel to find customers. The company was founded in 2013 and headquartered in Southern Finland, Finland.
- Peerby Classic — Borrow and rent goods from others nearby - affordable, convenient and green. Tools, bikes, party equipment, electronics and more. Try it now.
- Yogaia — Yogaia is the first live, interactive online yoga studio in the world. With Yogaia, the studio is where you are, allowing you to attend classes in the convenience of your home with professional teacher instructing you personally via webcam. Yogaia is available on desktop, iOS, Android and Apple TV in English, German and Finnish.
5Y Capital is a firm engaged in providing early-stage venture investments. It was formerly known as Morningside Venture Capital. The investment firm manages USD 5bn in dual-currency funds in USD and RMB, backed by world-renowned sovereign wealth funds, family offices, fund of funds, university endowments, pensions, and foundations. It is aninvestment firm of Morningside Group.It was headquartered in Xuhui, Shanghai, China in 2008 by Ken Shi and Richard Liu.
Show more...Investment focus
- Industry: Artificial Intelligence, Biotechnology, Software
- Stage:Series A, Series B, Series C
- Geography: China, United States, India
Investor stats
- Total investments: 245
- Round size: Series A $5M–$102M; Series B $10M–$227M; Series C $30M–$400M
- Lead/follow: 30% lead, 70% follow
- Last fund: Likely still investing — fund raised in 2023
Portfolio highlights
- Hypershell — Hypershell develops wearable exoskeleton systems designed to support walking, hiking, cycling, and other physically demanding activities. The company produces the Hypershell X series, which uses sensors, motion control algorithms, and powered assistance technology to reduce strain during movement and support lower-body mobility. Its products aredesigned for outdoor recreation, urban mobility, sports training, photography expeditions, and professional field operations such as rescue and inspection work. Hypershell also provides companion software features, battery systems, and adaptive movement modes that adjust assistance levels based on terrain and user activity. The company focuses on integrating robotics, artificial intelligence, and ergonomic design into consumer wearable mobility equipment.
- Shukun Technology — Shukun Technology is a Chinese healthcare company that develops diagnostics systems based on machine learning and artificial intelligence for detecting cardiovascular diseases. The company aims to help improve medical professionals' work efficiency and directly improve the level of diagnosis and treatment in primary hospitals.The company wasfounded in 2017 and headquartered in Beijing, China.
- Signet Therapeutics — Signet Therapeutics is a cutting-edge firm that conducts research and development on cancer-targeted drugs using AI and organoid disease models.
Zach Shelby is the Co-Founder & CEO at Edge Impulse.
Show more...Investment focus
- Industry: Internet of Things, Hardware, Software
- Stage:Pre-Seed, Seed
- Geography: Finland, United States
Investor stats
- Total investments: 4
- Round size: Pre-Seed $1.4M–$1.8M
- Lead/follow: 0% lead, 100% follow
Portfolio highlights
- GitHits — GitHits gives AI coding agents access to open-source code
- Augumenta — We develop intuitive and easy-to-use AR apps and tools that help companies improve their operational efficiency, quality, and safety.
- Test of Things — Test of Things is to protect customers and society from cyber incidents by making IoT cybersecurity easy and automated. They are building a cloud service that automates security testing so customers can ship secure, compliant products with peace of mind.Their platform integrates security into the development lifecycle, enabling continuous testingthat lowers risks and costs while enhancing reputation.
We partner with the most beautiful European startups.
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- Industry: E-Commerce, EdTech, Internet
- Stage:Series B, Series A, Series C
- Geography: Finland, Germany, Poland
Investor stats
- Total investments: 19
- Round size: Series A $5.5M–$21M; Series B $9.5M–$60M; Series C $24M–$60M
- Lead/follow: 63% lead, 37% follow
Portfolio highlights
- Yazen — Yazen is a digital obesity clinic that offers weight loss through modern pharmaceutical treatment.
- Insify — Insify is an insurance company that offers digital insurance solutions to freelancers and small businesses. The company was founded in 2020 by Koen Thijssen and is headquartered in Amsterdam, Netherlands.
- Refurbed — Refurbed operates as an online marketplace for refurbished products in the german-speaking world. It sells renewed phones, laptops and tablets which are up to 40% cheaper and 100% more environmentally friendly than their brand-new, store-bought counterparts. Refurbed devices are renewed through a 40-step process, making them look like new andfunction like new. On top of that, each device comes with at least a 12-month guarantee.The company was founded in 2017 and is headquartered in Vienna, Austria.
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Show more...Investment focus
- Industry: Manufacturing, Software, Information Technology
- Stage:Series A, Series B, Series C
- Geography: China, India, Indonesia
Investor stats
- Total investments: 205
- Round size: Series A $1.4M–$71M; Series B $2.8M–$60M; Series C $14M–$400M
- Lead/follow: 38% lead, 62% follow
Portfolio highlights
- Z.ai — Z.ai develops artificial intelligence models and services built upon large-scale pretrained architectures. The company offers ChatGLM, a dialogue-focused language model series designed for smooth conversation and easy integration. It also provides Ying, a text-to-video model capable of generating short video clips from text or images, and AutoGLM,a voice-driven AI agent that performs smartphone tasks based on complex user instructions. Z.ai supports integration through an API platform and offers migration assistance for developers moving from other AI ecosystems. The company’s technology stems from research at Tsinghua University’s KEG lab and emphasizes general-purpose cognitive intelligence models.
- AIpark — AIpark is provides a smart parking management solution. AIPark upgrades traditional parking spaces into “smarter ones” for local governments or businesses by leveraging on its in-house visual recognition technologies.
- SUNMEI Group — Shangmei Life Group was founded in Qingdao in 2010. It is a comprehensive group integrating hotel, hotel fast installation, home retail, catering, culture and entertainment. At present, the group has more than 5,000 hotels, 200 Boladi KTV, 30 home retail, 300 catering stores, and the total number of stores has exceeded 5,500. The number of membersexceeds 120 million.
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.
Show more...Investment focus
- Industry: Software, SaaS, Artificial Intelligence
- Stage:Seed, Series A, Pre-Seed
- Geography: Finland, United States, Sweden
Investor stats
- Total investments: 75
- Round size: Seed $500k–$8M; Pre-Seed $228k–$1.7M; Series A $2.2M–$26M
- Lead/follow: 23% lead, 77% follow
Portfolio highlights
- aito.ai — Aito is a predictive database that makes it easy to build intelligent applications. Query predictions like any other data with SQL. No ML expertise required.
- FinanceKey — FinanceKey helps you future-proof connectivity, gain real-time cash visibility across the organisation and manage money movements with ease.
- Quanscient — We are building next generation simulation software-as-a-service utilizing Quantum computing algorithms. Our specialty domain of simulations is Computational Electromagnetics.
The Centres for Economic Development, Transport and the Environment (ELY Centres) are responsible for the regional implementation and development tasks of the central government.Finland has a total of 15 ELY Centres, which are tasked with promoting regional competitiveness, well-being and sustainable development and curbing climate change.ELY Centres have three areas of responsibility:- Business and industry, labour force, competence and cultural activities.- Transport and infrastructure.- Environment and natural resources.
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- Industry: SaaS, FinTech, Lighting
- Stage:Grant
- Geography: Finland
Investor stats
- Total investments: 5
- Round size: Grant $33k–$7.4M
- Lead/follow: 20% lead, 80% follow
Portfolio highlights
- AISTI — AISTI develops wood fiber-based acoustic tiles that are carbon negative, easy to recycle and plastic-free – bringing sustainability to construction tile by tile.
- TactoTek — Set your imagination free and create user experiences with the help of sustainable smart molded structures.
- Palofy Analytics Oy — Palofy Analytics is a customer loyalty partner and Worldline ISO for SME's. We are developing analysis and forecasting tools that help merchants to get more sales and predict staffing needs. This also enables getting accurate analysis and predictions on channel, store, product group, or product level.Our licenced technology leveragesexisting payment cards as customer loyalty cards, reducing customer friction and removing work overhead from staff.Service areas: • Restaurant and hospitality • RetailPalofy Analytics is an Independent Sales Organization (ISO) for Europe's largest payment acquirer Worldline and multiple SaaS and Fintech companies. Our Alfa Rating is AA
Everywhere Ventures is a global pre-seed venture capital fund for founders, by founders. Click to read Everywhere VC, by Everywhere Ventures, a Substack publication with tens of thousands of subscribers.
Show more...Investment focus
- Industry: Software, Health Care, FinTech
- Stage:Pre-Seed, Seed, Series A
- Geography: United States, Australia, India
Investor stats
- Total investments: 714
- Round size: Seed $1.5M–$7.2M; Pre-Seed $550k–$2.7M; Series A $10M–$60M
- Lead/follow: 2% lead, 98% follow
- Last fund: May invest from a new fund soon — last raise in 2020
Portfolio highlights
- Donna — Meet Donna, the AI assistant built for field sales teams. Save time, cut admin, and close more deals with less effort.
- Suma Wealth — SUMA is a revolutionary financial wellness company with the mission to engage, educate, and empower the Latinx community via a holistic approach of Digital Media, Experiences, and FinTech. By creating culturally relevant content, virtual experiences, and providing financial tools that demystify and reimagine financial wellness throughentertainment, we aim to become the trusted source to help Latinos own their economic power, overcome financial challenges, and better prepare for a more prosperous future.
- Journey Live — Journey is shifting the way modern companies prioritize mental health. Our proactive, inclusive tools engage every employee, every day.
Riku Mäkelä is a COO at Wolt. He Attended Aalto University.
Show more...Investment focus
- Industry: Gaming, Computer, Software
- Stage:Angel, Pre-Seed, Series A
- Geography: Finland, United States
Investor stats
- Total investments: 4
- Lead/follow: 0% lead, 100% follow
Portfolio highlights
- Linear — Linear allows the user to manage software development and track bugs. Built for speed and efficiency.The founders started Linear from their own frustrations building software projects in successful high-growth companies like Airbnb, Coinbase and Uber. The founders wanted to create the tools that focus us and its team in making progress, not getin the way. Tools that are fast and efficient. Speed and performance were the main things Linear focuses on early on and keep focusing on that.
- Noice — Join the team build an awesome combo of social x playful x platform.
- Realm — Realm is a search engine for the workplace reimagined with AI. Designed to help fast-moving teams better leverage their collective knowledge.
karma.vc is an early stage venture capital fund focusing on seed and early stage technology companies in Europe.
Show more...Investment focus
- Industry: Software, Artificial Intelligence, Information Technology
- Stage:Series A, Series B, Seed
- Geography: Estonia, United States, Sweden
Investor stats
- Total investments: 42
- Lead/follow: no public data
Portfolio highlights
- Patchstack — Keep your WordPress sites safe from vulnerable plugins & themes. Protect sites with virtual patching.
- BforeAI — Starting from patented technology developed in years of research, BforeAi is the prediction service that looks for newly registered or morphed domains, and score their maliciousness looking at metadata and links to other bad guys.
- Pactum — Pactum autonomous negotiations help companies unlock hidden value. Our AI negotiates non-strategic supplier contracts on a massive scale.
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822 industries, 177 countries. Updated daily. Emails and phones included.
Browse database — It's Free!CEO and founder of Applifier, cross-promotion network for social games and apps reaching tens of millions of MAU. Everyplay, Laakkonen's startup in the social gaming space, turned into Applifier recently.Business development director at Bugbear Entertainment, an independent game developer. Expertise in business development, sales,marketing, PR, production and process developmentCo-founder of ASSEMBLY Organizing, the arranger of the 5000+ participants four day computer festival held in Helsinki, Finland held since year 1992.Over five years of experience in data security software industry in R&D, product marketing and process re-engineering at F-Secure Corporation.Laakkonen is from Helsinki, Finland.
Show more...Investment focus
- Industry: Artificial Intelligence, Gaming, Genetics
- Stage:Seed, Angel, Pre-Seed
- Geography: Finland, United States
Investor stats
- Total investments: 5
- Lead/follow: 0% lead, 100% follow
Portfolio highlights
- HelixNano — Helix Nanotechnologies uses artificial intelligence to help cure genetic diseases. HelixNano is a Y Combinator and venture backed biotech startup. At HelixNano, we have spent the last two years developing cancer vaccines. Now we are adapting our synthetic biology arsenal to take on COVID-19. We’re moving fast but thinking long-term. We’re alreadytesting COVID-19 vaccine candidates designed to be precise and safe. Our next goal is to create a vaccine that protects everyone not only from this virus, but all future coronaviruses.
- Noice — Join the team build an awesome combo of social x playful x platform.
- Realm — Realm is a search engine for the workplace reimagined with AI. Designed to help fast-moving teams better leverage their collective knowledge.
We cover mobile and web, services and technology, b-to-b and b-to-c. But, we do not invest in games.Our business is our passion: we love creating and building new services and products around BIG opportunities. As a result, KoppiCatch works with large corporations on new businesses but is also a co-founder in 5 startups. And more is coming.Grow with us - we accelerate startups and growth. KoppiCatch acceleration model brings our portfolio companies with hands-on-involvement and execution to the product development, go-to-market phase, fund raising and growth strategy.
Show more...Investment focus
- Industry: Mobile, Sensor, Internet
- Stage:Seed
- Geography: Finland
Investor stats
- Total investments: 2
- Lead/follow: 0% lead, 100% follow
Portfolio highlights
- Klevu — Klevu Oy is a self-learning search engine that helps online retailers turn visitors into customers. Its search for SMEs focuses on fast, relevant search with actionable insights into shoppers’ search and easy self-service integration.Klevu Oy’s enterprise edition provides natural language search with ease of catalog maintenance and insights intoshopping experience. It is based in Helsinki, Southern Finland.
- Proximi.io — Indoor navigation solution that utilizes any indoor positioning technology. Guides your visitors indoors and outdoors across your venue.
Founder at Leadfeeder
Show more...Investment focus
- Industry: B2B, SaaS, Content
- Stage:Angel, Pre-Seed
- Geography: Finland
Investor stats
- Total investments: 3
- Round size: Pre-Seed $106k–$424k
- Lead/follow: 0% lead, 100% follow
Portfolio highlights
- PromoRepublic — Unify social, listings, reviews, and analytics in one agentic platform built for multi-location and franchise brands. Improve visibility, protect your brand, and lift same-store sales.
- Cuutio Software —
Digital Future is a leading Ukraine-born VC firm. We provide late seed and early stage funding to revenue-enabled companies with initial traction, scalable business model, indefatigable team and global ambition. Our portfolio includes companies from Ukraine, Europe, Israel, and United States.
Show more...Investment focus
- Industry: Software, SaaS, Mobile
- Stage:Seed, Pre-Seed, Series A
- Geography: United States, Canada, Ukraine
Investor stats
- Total investments: 32
- Round size: Seed $120k–$2.6M; Pre-Seed $250k–$1.2M
- Lead/follow: 44% lead, 56% follow
Portfolio highlights
- Attendify — Create engaging hybrid & virtual events, mobile apps & event registration to elevate the attendee experience & put your event data to work. Get started for free.
- LifeTracker —
- Reply.io — Reply is the leading AI-powered sales engagement platform that automates multichannel touchpoints with leads and customers throughout the sales process. From email search on LinkedIn to meetings booked right on the platform - Reply saves up to 40% of SDR and Sales teams time to focus on closing deals. Backed with a top-notch AI algorithm, Replyhelps SDRs and sales reps tailor and improve sales messages and focus on the hottest leads faster. Its robust reporting system tracks all activities for team members and automatically logs them to your CRM via native integrations, rich API with 40+ methods, or Zapier.The platform is recognized among the top 50 tools for sales in 2021 by G2 and trusted by over 2500 companies worldwide.Crush your sales quotas and book more meetings with Reply: 1. Reply automates bulk email search, LinkedIn outreach, personal emails, calls, SMS, and WhatsApp messages according to your sales playbook. 2. It offers out-of-the-box email and sequence templates with proven top performance to help you launch your outreach sequence in an hour. 3. Streamline the workflow with native CRM integrations, rich API with 40+ method, and the power of Zapier to automatically sync data and keep CRM records up to date. 4. Reply is backed with AI features: Email Sorting (check the ‘Interested’ folder for the hottest leads to focus on); Email Quality service and Email Assistant to create best-practice email copy which is likely to convert. 5. Collaborate in teams within sequences and prospects, manage workload between team members, and perform account-based selling. 6. Track your team progress with detailed in-depth reports and stats for sequences, calls, tasks, and team performance.Reply use cases: ✓ OUTBOUND SALES - automate outbound outreach to significantly scale sales and empower revenue growth. ✓ INBOUND SALES - engage in communication with potential customers and close more inbound deals. ✓ ACCOUNT MANAGEMENT - communicate with existing customers on a personal level. ✓ STAFFING & RECRUITING - reaching out to prospective job candidates. ✓ BUSINESS DEVELOPMENT - building relations with future partners. ✓ PR & LINK BUILDING - pitching journalists and bloggers with your idea.For more information visit https://reply.io
Northzone is a multi-stage venture capital firm operating across Europe and the US. Since 1996, it has backed more than 250 companies, including Spotify, Klarna, Spring Health, and Black Forest Labs.
Show more...Investment focus
- Industry: Software, FinTech, Information Technology
- Stage:Series A, Series B, Seed
- Geography: United States, Sweden, United Kingdom
Investor stats
- Total investments: 325
- Round size: Seed $2.4M–$17M; Series A $4M–$40M; Series B $6.7M–$90M
- Lead/follow: 42% lead, 58% follow
- Last fund: Likely still investing — raised $1.2B in 2022
Portfolio highlights
- Sqore — Smart Recruitment - Automate the process between your job ad and the first interview.Increase screening efficiencyEfficiently screen your candidates based on their skills and motivation - automagically - regardless of number of candidates.Deepen candidate engagementEngage today’s generation of candidates through rewarding experiencesand allow them to get insights into your company before the interview.Lower your hiring costsWe don't charge per candidate. Evaluate 100,000 candidates at the same cost as 100 - no need to limit yourself in the search for new talent.
- Labster — Labster empowers educators to reimagine their science courses with immersive online simulations. Request a demo to discover how Labster engages students, trains lab skills, and accelerates learning.
- HappyOrNot — With HappyOrNot you learn when, where and why customers are happy or not. Take action and improve with real-time customer feedback insights.
Marten Mickos is the CEO of HackerOne, Inc. the leading vulnerability coordination and bug bounty platform. Previously Marten was the CEO of Eucalyptus Systems, acquired by Hewlett-Packard where he served as head of the cloud business. As the CEO of MySQL AB from 2001 to 2008, Marten grew that company from a garage start-up to the second largestopen source company in the world. Marten holds a M.Sc. in technical physics from Helsinki University of Technology in his native Finland.
Show more...Investment focus
- Industry: Software, Enterprise Software, Internet
- Stage:Seed, Series A, Convertible Note
- Geography: Finland, United States, Sweden
Investor stats
- Total investments: 15
- Round size: Seed $550k–$4.5M
- Lead/follow: 0% lead, 100% follow
Portfolio highlights
- Queer Spaces — Spaces is a group chat platform for building queer communities, and the first app to serve the entirety of the LGBTQ+ spectrum.
- Tangled — The next-generation social coding platform.
- 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.
OP Corporate Bank
Show more...Investment focus
- Industry: Retail, Software, Manufacturing
- Stage:Post-IPO Debt, Debt Financing, Seed
- Geography: Finland, Estonia
Investor stats
- Total investments: 13
- Round size: Post-IPO Debt $104M–$575M; Debt Financing $12M–$928M
- Lead/follow: 54% lead, 46% follow
Portfolio highlights
- TVO — TVO engages in the production of sustainable electricity from the Olkiluoto nuclear power plant.
- Kojamo Group — Kojamo plc will focus on real estate investments in Finland, renewing rental housing to make it increasingly attractive by developing new types of homes and services. The solutions promote work-related mobility in urbanising Finland, increase well-being and help preserve the environment. The vision of the housing investment company is to be apioneer in housing and the customer’s number-one choice.
- Apollo Group OÜ — Apollo Kohvikud operates cafes and quick-service dining concepts as part of the Apollo Group food and beverage portfolio. The company manages Blender juice bars, Ice Cafe outlets, and related concepts that provide smoothies, fresh juices, coffee drinks, and a range of light meals. Its menus include health-oriented beverages, wraps, sandwiches,paninis, salads, and desserts designed for quick consumption in high-traffic environments. Apollo Kohvikud serves customers in locations such as shopping centres, entertainment venues, and transit hubs, aligning its food offer with everyday leisure and retail activities. Through its brands, the company focuses on convenient, ready-to-eat options that complement cinema, bookstore, and other entertainment experiences within the wider group.
DN Capital is an early-stage venture capital firm that invests primarily in Europe and North America. The firm focuses on companies that plan to establish operations on both sides of the Atlantic, and strives to help its companies build international businesses. Founded in 2000, the company has operations in London and Silicon Valley. DN Capital’sprevious funds are top performers and the firm is one of the lead investors in companies such as Endeca (sold to Oracle), Shazam (one of the world’s leading mobile app), Auto1 (world's largest used car marketplace), Purplebricks (IPO London) and Quandoo (sold to Recruit).
Show more...Investment focus
- Industry: Software, SaaS, E-Commerce
- Stage:Series A, Series B, Seed
- Geography: United States, Germany, United Kingdom
Investor stats
- Total investments: 296
- Round size: Seed $300k–$9M; Series A $3.1M–$25M; Series B $8.6M–$65M
- Lead/follow: 24% lead, 76% follow
- Last fund: Likely still investing — raised $300M in 2021
Portfolio highlights
- bonify — Bonify, a Berlin based FinTech-Start-up, enables customers to benefit from their credit scoring and financial data. The company gives customers free and easy access to their credit score and let them upload additional relevant data. Then, it offers tools and personalized recommendations to help optimize the customer’s financial situation.Foundedin 2015 by key executives of McKinsey and Zalando, bonify has received significant funding from internationally leading VCs and successful entrepreneurs.
- Contrast — Contrast is a video engagement platform that provides users with the tools to create, edit, distribute, and analyze videos. Their features include themes, hubspot integration, source tracking and UTM management, an on-demand experience, customizable emails, and reminders.
- Numa — Numa offers rooms & apartments in Europe's coolest neighbourhoods. See how simple travel can be. Sign up for exclusive discount. Book now!
Ms. Drucker, one of Peter and Doris Drucker’s four children, is the founder and CEO of Start-Up Strategies, a San Francisco consultancy. Ms. Drucker is also an attorney who has focused her practice in the areas of real-estate tax planning and financing, as well as other business and commercial transactions. She has specialized, in particular, onstructuring and implementing complex 1031 tax-deferred exchanges. She is the co-author of Real Property Exchanges, published by the California Continuing Education of the Bar.
Show more...Investment focus
- Industry: B2B, SaaS, Content
- Stage:Seed
- Geography: Finland
Investor stats
- Total investments: 2
- Round size: Seed $1.2M–$1.8M
- Lead/follow: 0% lead, 100% follow
Portfolio highlights
- PromoRepublic — Unify social, listings, reviews, and analytics in one agentic platform built for multi-location and franchise brands. Improve visibility, protect your brand, and lift same-store sales.
Alfvén & Didrikson is an active and long-term backer of passionate entrepreneurs and teams with international growth ambitions. Since 2010, Alfvén & Didrikson team has made investments in fast-growing Northern European companies such as Trustly, Quinyx, Glue, Acast, Offerta, Sympa, PE accounting, and PingPong.
Show more...Investment focus
- Industry: Software, SaaS, Internet
- Stage:Series B, Series A
- Geography: Sweden, United Kingdom, Finland
Investor stats
- Total investments: 22
- Round size: Series A $5M–$21M; Series B $5M–$175M
- Lead/follow: 73% lead, 27% follow
Portfolio highlights
- Kognity — Kognity is an online teaching and learning platform with interactive content for IB DP, Cambridge IGCSE and High School Science students.
- Mentimeter — Interact with your audience using real-time voting. No installations or downloads required - and it's free!
- PlayReplay — At PlayReplay, we are building a new era in tennis technology. Our team of talented engineers, data scientists, and tennis enthusiasts are developing a cutting-edge line calling system and a comprehensive tennis statistics platform. Our line calling system combines accuracy, reliability, and user-friendliness, ensuring fair play and eliminating any doubts or controversies. Meanwhile, our tennis statistics platform utilizes intelligent algorithms to process vast amounts of data, providing players with valuable insights into their performance, strengths, weaknesses, and areas for improvement. By combining these two innovative solutions, we are transforming the way players analyze, train, and compete in the game of tennis.
Internet Investor funding in Finland at a glance
Stats across 146 deals from 158 investors.
Access all 158 investors in Finland Internet startups.
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