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Top 50 Machine Learning Startup Investors in Finland (October 2026)

The most active venture capital funds and angel investors investing in Finland Machine Learning startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Finland Machine Learning startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Icebreaker.vc
VC Fund
21 Finland, Sweden, Estonia Pre-Seed, Seed, Series A Software, Information Technology, Artificial Intelligence $110k–$25M
Business Finland
VC Fund
11 Finland, United States, Sweden Grant, Seed, Debt Financing Software, SaaS, Biotechnology $50k–$10M
Lifeline Ventures
VC Fund
8 Finland, United States, United Kingdom Seed, Series A, Venture - Series Unknown Software, Health Care, Artificial Intelligence $430k–$22M
First Fellow Partners
VC Fund
6 Finland, United States, Sweden Seed, Series A, Pre-Seed Software, SaaS, Information Technology $256k–$26M
Ali Omar
Angel
6 Finland, United States, Estonia Seed, Pre-Seed, Angel Software, Artificial Intelligence, SaaS $57k–$2.2M
Voima Ventures
VC Fund
5 Finland, Sweden, Norway Seed, Pre-Seed, Series A Biotechnology, Health Care, Artificial Intelligence $464k–$30M
Superhero Capital
VC Fund
4 Finland, Lithuania, Estonia Seed, Pre-Seed, Venture - Series Unknown Software, Information Technology, Artificial Intelligence $114k–$7.3M
Invus
VC Fund
3 United States, France, United Kingdom Series B, Series C, Series A Biotechnology, Health Care, Therapeutics $14M–$230M
Balderton Capital
VC Fund
3 United Kingdom, United States, Germany Series A, Series B, Series C Software, Artificial Intelligence, Financial Services $5M–$160M
2xN
VC Fund
3 Denmark, United States, United Kingdom Seed, Series A, Series B Software, Information Technology, Quantum Computing $1.9M–$125M
Butterfly Ventures
VC Fund
3 Finland, Sweden, Norway Seed, Pre-Seed Software, Health Care, Information Technology $110k–$4.3M
Nidoco
VC Fund
3 Finland, Sweden, Estonia Seed, Venture - Series Unknown, Pre-Seed Software, SaaS, Artificial Intelligence $327k–$60M
Crowberry Capital
VC Fund
2 Iceland, Denmark, Finland Seed, Series A, Pre-Seed Software, Gaming, Health Care $400k–$17M
Tiny VC
VC Fund
2 United Kingdom, Germany, United States Seed, Pre-Seed, Series A Software, Artificial Intelligence, Information Technology $750k–$27M
Reaktor Ventures
VC Fund
2 Finland, Germany, United States Seed, Pre-Seed, Series A Software, Internet, E-Commerce $137k–$6.8M
SNÖ Ventures
VC Fund
2 Norway, United States, Sweden Seed, Pre-Seed, Venture - Series Unknown Software, Artificial Intelligence, Machine Learning $978k–$5.5M
CapMan
VC Fund
2 Finland, Russian Federation, Sweden Private Equity, Series B Software, Information Technology, Health Care $2.1M–$100M
Sontek Oy
VC Fund
2 Finland Seed Furniture, Manufacturing, Data Integration
Future Energy Ventures
VC Fund
2 Germany, United States, Israel Seed, Series A, Series B Software, Energy, Information Technology $1.3M–$34M
Kulpreet Singh
Angel
2 Finland, Germany, United States Seed, Series A, Venture - Series Unknown Software, Information Technology, Artificial Intelligence $3M–$10M
Spintop Ventures
VC Fund
2 Sweden, Finland, Norway Seed, Series A Software, Information Technology, SaaS $907k–$11M
Join Capital
VC Fund
2 Germany, United Kingdom, The Netherlands Seed, Series A, Venture - Series Unknown Software, Artificial Intelligence, Manufacturing $1.1M–$27M
NordicNinja VC
VC Fund
2 Sweden, Finland, Estonia Series A, Series B, Seed Artificial Intelligence, Information Technology, Software $1.9M–$62M
Leena Niemistö
Angel
2 Finland, United States Seed, Venture - Series Unknown, Pre-Seed Health Care, Software, E-Commerce $306k–$3.5M
Ugly Duckling Ventures
VC Fund
2 Denmark, Sweden, Finland Seed, Pre-Seed, Venture - Series Unknown Software, Artificial Intelligence, Information Technology $917k–$7.5M
Gorilla Capital
VC Fund
2 Finland, Sweden, Estonia Pre-Seed, Seed, Venture - Series Unknown Software, Information Technology, SaaS $149k–$2.1M
Nuard Ventures
VC Fund
2 Finland, Germany, United States Seed, Angel, Pre-Seed IaaS, Video, Gaming $159k–$680k
Christian Jantzen
Angel
2 Denmark, Sweden, Finland Seed, Pre-Seed, Angel SaaS, Software, Artificial Intelligence $246k–$3.5M
Kedar Dani
Angel
2 Finland Seed, Series A Software, Machine Learning, Enterprise Software
Nielsen Ventures
VC Fund
2 Israel, Finland, Nigeria Seed, Series A, Series B Machine Learning, SaaS, Software $1.9M–$3.7M
Asko Schrey
Angel
2 Finland Venture - Series Unknown, Seed, Angel Software, Artificial Intelligence, FinTech
European Investment Bank
VC Fund
2 France, Germany, Spain Debt Financing, Post-IPO Debt, Venture - Series Unknown Biotechnology, Energy, Health Care $8.7M–$587M
OpenOcean
VC Fund
2 Finland, United States, United Kingdom Series A, Seed, Series B Software, Information Technology, Artificial Intelligence $2.3M–$30M
Tiny Supercomputer Investment Company
VC Fund
2 United Kingdom, Germany, United States Seed, Pre-Seed, Series A Software, Artificial Intelligence, SaaS $750k–$37M
Springvest
VC Fund
2 Finland Series A, Venture - Series Unknown, Seed Biotechnology, Health Care, Medical $1.6M–$53M
Hoxton Ventures
VC Fund
2 United Kingdom, United States, Canada Seed, Series A, Series B Artificial Intelligence, Software, Health Care $1.9M–$35M
Redstone.VC
VC Fund
2 Germany, Finland, Switzerland Seed, Series A, Pre-Seed Software, Information Technology, Artificial Intelligence $460k–$17M
Moaffak Ahmed
Angel
1 Finland, Denmark, Estonia Pre-Seed, Seed, Series B Audio, Music, Video $660k–$6.2M
David Helgason
Angel
1 United States, Denmark, Finland Seed, Series A, Pre-Seed Software, Gaming, Artificial Intelligence $242k–$30M
Stefan Lindeberg
Angel
1 Sweden, Denmark, Estonia Seed, Angel, Pre-Seed Software, Gaming, Artificial Intelligence $100k–$7.5M
Marten Mickos
Angel
1 Finland, United States, Sweden Seed, Series A, Convertible Note Software, Enterprise Software, Internet $550k–$10M
Quilo Group
VC Fund
1 Finland Seed SaaS, Software, Machine Learning
Serendipity Capital
VC Fund
1 United Kingdom, Finland, Hong Kong Series A, Seed, Series B Banking, Payments, Machine Learning
Oxford Science Enterprises
VC Fund
1 United Kingdom, United States, Finland Seed, Series A, Series B Health Care, Biotechnology, Software
LähiTapiola
VC Fund
1 Finland Debt Financing, Seed Manufacturing, Apps, Health Care
10x Value Partners
VC Fund
1 Germany, United States, United Kingdom Seed, Pre-Seed, Series A FinTech, Financial Services, E-Commerce
Jonathan Scudder
Angel
1 Finland, United Kingdom Seed, Pre-Seed Artificial Intelligence, Software, Cyber Security
Henry Nilert
Angel
1 Finland, Latvia, United States Pre-Seed, Seed, Angel Software, Health Care, Information Technology $393k–$2.2M
System.One
VC Fund
1 Germany, United States, United Kingdom Seed, Pre-Seed, Series A Artificial Intelligence, SaaS, Software $855k–$18M
Nordic Makers
VC Fund
1 Denmark, United States, Norway Seed, Pre-Seed, Series A Software, Information Technology, Education $270k–$14M
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822 industries, 177 countries. Updated daily. Emails and phones included.

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Investor list

Icebreaker.vc
VC Fund · Helsinki, Southern Finland, Finland · 21 investments in Finland Machine Learning startups

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

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Investment focus

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

Investor stats

  • Total investments: 143
  • Round size: Seed $409k–$5.4M; Pre-Seed $110k–$1.3M; Series A $3.1M–$25M
  • Lead/follow: 56% lead, 44% follow
  • Last fund: May invest from a new fund soon — raised $24M in 2021

Portfolio highlights

  • Cytely — Cytely operationalizes biological measurement, turning microscopy into standardized, reproducible data so research teams can accelerate discovery.
  • Oplane — Connect your repo. See and fix your vulnerabilities in minutes. AI-powered threat modeling - no consultants, no weeks of docs.
  • Cota Robotics — Cota Robotics deploys general-purpose robots in retail stores through a Robot-as-a-Service model, integrating with existing environments without requiring changes to store layouts or infrastructure. The company automates shelf replenishment, inbound handling, and order picking using human-in-the-loop teleoperation, with autonomy increasing asdeployment data trains its models.
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Business Finland
VC Fund · Helsinki, Southern Finland, Finland · 11 investments in Finland Machine Learning startups, 17 in the past 12 months

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

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Investment focus

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

Investor stats

  • Total investments: 238
  • Round size: Seed $334k–$3.5M; Grant $50k–$10M; Debt Financing $252k–$6.5M
  • Lead/follow: 45% lead, 55% follow
  • Last fund: May invest from a new fund soon — last raise in 2017

Portfolio highlights

  • STRGY AI — The strategy was never the problem. The evidence was correct, sitting in someone's hands, and it died anyway because nothing in the organization was built to carry that evidence from where it was seen to where it could be acted on, and keep it alive long enough to matter. Not a bad plan. Not bad people. A structural gap between signal andauthority that every existing tool — decks, dashboards, status meetings — is too static and too easy to ignore to actually close.STRGY exists because that gap is the default state of every organization above a certain size, and closing it has always required either a heroic individual repeating themselves for years or luck (the corporate pilot needed one person to remember "do not drop this" at the right moment, and no one did). That's not a strategy problem to solve with a better framework — it's an infrastructure problem. You need something that holds the signal, doesn't forget it, doesn't get bored repeating it, and resurfaces it automatically the moment the gap between evidence and action starts to widen. That's what a human can't do reliably at scale, and what software with real memory can.
  • Coolbrook — Our RotoDynamic electric technology can cut 30% of industrial emissions annually, delivering hope at industrial scale.
  • Solar Foods — Solar Foods is a food-tech startup that specializes in testing a technology that uses electricity to produce hydrogen which is combined with carbon dioxide, water, vitamins, and minerals to feed and grow microbial biomass that can be used as edible protein. The industrial biotech startup develops a protein called Solein, a nutritious, sustainablesubstitute for animal-derived proteins. Solein is created using elements from the air—CO2, water, nitrogen—and electricity. This single-cell protein is cultivated through gas fermentation, essentially deriving edible calories from hydrogen-oxidizing microbes.
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Lifeline Ventures
VC Fund · Helsinki, Southern Finland, Finland · 8 investments in Finland Machine Learning startups

Lifeline Ventures Oy is a venture capital firm specializing in startups, growth capital, and early stage investments. The firm seeks to invest in healthcare, games, web based and general high technology sectors. It seeks to invest in Finland with a few investments made outside Finland as well. The firm targets investing between €0.5 million ($0.66million) and €1 million ($1.32 million). It seeks make inception to Series A investments. Lifeline Ventures Oy was founded in November 2009 and is based in Helsinki, Finland.

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Investment focus

  • Industry: Software, Health Care, Artificial Intelligence
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: Finland, United States, United Kingdom

Investor stats

  • Total investments: 203
  • Round size: Seed $580k–$5.4M; Series A $2.8M–$22M; Venture - Series Unknown $430k–$17M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: Likely actively investing — fresh fund, raised $464M in 2025

Portfolio highlights

  • Verda — Verda provides a full-stack AI cloud platform for the development, training, and deployment of AI models.
  • S-Transistors — S-Transistors is one of the few businesses founded on a truly novel core technology that has the potential to serve as an enabling layer for a whole industry.
  • Thor Dynamics — Directed Energy Systems for Counter-Drone Defense
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First Fellow Partners
VC Fund · Helsinki, Southern Finland, Finland · 6 investments in Finland Machine Learning startups

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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Investment focus

  • Industry: Software, SaaS, Information Technology
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Finland, United States, Sweden

Investor stats

  • Total investments: 76
  • Round size: Seed $500k–$8M; Pre-Seed $256k–$1.7M; Series A $2.3M–$26M
  • Lead/follow: 24% lead, 76% follow

Portfolio highlights

  • CRACI — CRACI automates the compliance requirements of the EU CRA for product and service companies. The platform secures software supply chains from attacks.
  • Endform — Run your Playwright tests faster with https://t.co/FYIS1dSPdF
  • Quanscient — Quanscient develops multiphysics simulation software utilizing quantum computing algorithms to improve simulation technology. Its Computer Aided Engineering (CAE) platform integrates a unique combination of cloud-native multiphysics solvers, advanced cloud computing, and future quantum integration. The platform also offers engineers over ahundredfold increase in simulation throughput to enable fully digital R&D processes, addressing complex technology challenges in industries like fusion energy, 6G/7G, advanced semiconductors, biomedical, automotive, and aerospace.
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Ali Omar
Angel · Helsinki, Southern Finland, Finland · 6 investments in Finland Machine Learning startups

Ali Omar is a Member of the Finnish Business Angels Network. He attended Aalto University and the University of Oulu.

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Investment focus

  • Industry: Software, Artificial Intelligence, SaaS
  • Stage:Seed, Pre-Seed, Angel
  • Geography: Finland, United States, Estonia

Investor stats

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

Portfolio highlights

  • Themo — Themo's innovation is an algorithm that optimizes the price of exchange electricity and the consumption of electricity. Themo offers an easy and environmentally friendly way to save on electricity consumed by heating.
  • GoalProfit — GoalProfit is the world’s first low code retail optimization platform empowering retailers to build customized intelligence applications. It was founded by former IBM executives, Maxim Morozov and Oleg Sidorkin. GoalProfit is on a mission to make big data solutions available for all retailers and help them to survive in a new post-covid reality.
  • Retailgrid — Agentic AI pricing platform for mid-market retailers. Turn messy retail data into structured, explainable price decisions in days, not months.
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Voima Ventures
VC Fund · Helsinki, Southern Finland, Finland · 5 investments in Finland Machine Learning startups, 6 in the past 12 months

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

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Investment focus

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

Investor stats

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

Portfolio highlights

  • Reduciner — Reduciner's vision to turn industrial CO₂ emissions from a liability into a valuable resource. Its technology converts captured carbon dioxide and biochar into valuable feedstocks such as carbon monoxide and activated carbon, enabling circular carbon use in emissions-intensive industries. Reduciner combines strong scientific expertise withindustrial applicability across sectors such as cement, steel, and chemicals. Its electricity-driven process allows industries to reduce emissions without major changes to existing infrastructure, offering a resilient and cost-competitive way to reduce carbon dependency while creating new value from CO₂ emissions.
  • TheStorage — Flexible industrial heat electrification and scalable energy storage. TheStorage offers cost efficient, sustainable grid scale energy storage that can discharge heat, steam or CHP.
  • Photoncycle — The year-round solar energy system for heating and electricity
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Superhero Capital
VC Fund · Helsinki, Southern Finland, Finland · 4 investments in Finland Machine Learning startups, 15 in the past 12 months

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

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Investment focus

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

Investor stats

  • Total investments: 103
  • Round size: Seed $228k–$2.6M; Pre-Seed $114k–$1.8M; Venture - Series Unknown $1.6M–$7.3M
  • Lead/follow: 56% lead, 44% follow
  • Last fund: Likely actively investing — fresh fund, raised $41M in 2025

Portfolio highlights

  • Bilt.me — Describe your app idea and Bilt builds it. Preview on your phone, publish to the App or Play Store when you're ready.
  • Guideless — Guideless turns any browser workflow into a polished, AI-narrated video guide in minutes. No screen recording, no tedious editing. Just turn on our Chrome extension, click through your process as you normally would, and instantly get a share-ready guide.Use cases: Product walkthroughs, customer onboarding, employee training, and supportdocumentation.Key features: - AI-written narration and natural voiceover. - Smart zooms and highlights for clarity. - Built-in captions for accessibility. - Always consistent and on-brand. - Shareable URLs, embed codes, and export to MP4How it works: - Add the Chrome extension. - Capture your workflow. - Share your guide.Privacy built-in: Your guides and data are never used to train AI models and are securely encrypted.Check https://guideless.ai/gallery and get inspired with curated guides showcasing workflows, product demos, and tutorials across every use case.
  • SeeTrue Technologies — Ultra-low-power eye tracking from SeeTrue delivers accurate gaze data for AR/VR, microscope & camera eyepieces and wearables, powered by custom sensors.
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Invus
VC Fund · New York, New York, United States · 3 investments in Finland Machine Learning startups

Invus recognizes that every company is unique and that extraordinary business performance cannot be achieved by following a formulaic approach. Due to their unique structure, they have a great deal of flexibility in the types of companies and situations where they can get involved.They know that real transformation takes time and that it is nevera straight line. They fully align their incentives with their partners and have the wherewithal and long-term commitment to see through any bumps along the way.They have been successfully empowering owner-managers since 1985. They have been reinvesting the same pool of money from the same group of European families (through their Artal investment vehicle) since their founding. Today they manage over $4 billion in an evergreen fund and work out of offices in New York, London, Paris and Hong Kong.

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Investment focus

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

Investor stats

  • Total investments: 302
  • Round size: Series A $14M–$200M; Series B $35M–$230M; Series C $31M–$165M
  • Lead/follow: 18% lead, 82% follow
  • Last fund: May invest from a new fund soon — raised $210M in 2021

Portfolio highlights

  • Aive — Turn 1 master into unlimited, brand-controlled versions. Automate post-production, scale your output, and take back control of video performance.
  • Gossamer Bio — Gossamer Bio is a San Diego-based company focused on the discovery and development of novel and differentiated therapeutic products, to address high unmet needs amongst various targeted patient populations. Founded by the former Receptos executive team, Gossamer Bio’s strategy will be to leverage an asset-rich in-licensing environment, with a focuson areas of high unmet need, utilizing a team with a strong track record of execution in immunology, inflammation, fibrosis and oncology.
  • Zero Motorcycles — Manufacturer of 100% electric motorcycles for the street and dirt
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Balderton Capital
VC Fund · London, England, United Kingdom · 3 investments in Finland Machine Learning startups

In the two decades since our founding, we have worked with hundreds of extraordinary European founders, and have raised eight funds totalling more than $3bn.

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Investment focus

  • Industry: Software, Artificial Intelligence, Financial Services
  • Stage:Series A, Series B, Series C
  • Geography: United Kingdom, United States, Germany

Investor stats

  • Total investments: 465
  • Round size: Series A $5M–$30M; Series B $9.3M–$100M; Series C $13M–$160M
  • Lead/follow: 46% lead, 54% follow
  • Last fund: Likely still investing — raised $615M in 2024

Portfolio highlights

  • NewBay — NewBay enables operators and device makers to deliver a lifetime of digital content experiences across any connected device such as mobile, PC, tablets and TV. The NewBay white label software platform powers cloud-based services for storing, sharing, accessing and organizing digital content. NewBay enables customers to monetize a wide range ofbranded services such as social networking, photo and video albums, digital vault, notifications and converged messaging. NewBay is delivering highly successful commercial services for operators and device makers worldwide. Customers include T-Mobile, Telefonica O2, Orange, U.S. Cellular, AT&T, Telstra, Verizon and LG Electronics. NewBay is processing millions of messages daily and stores billions of media for live operator and device maker services. NewBay is based in Dublin, Ireland; Seattle, USA; Atlanta, USA; London, UK; Sydney, Australia and Seoul, South Korea. NewBay was founded in 2002. Following acquisition in 2011, NewBay is a wholly owned subsidiary of Research In Motion Limited (RIM).
  • Socowave — Get full access to this domain. Easy, seamless transactions. Zero percent financing available.
  • Spott — Spott is an AI-native ATS & CRM for Staffing and Recruiting firms.
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2xN
VC Fund · London, England, United Kingdom · 3 investments in Finland Machine Learning startups

2xN operates as a venture capital firm.

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Investment focus

  • Industry: Software, Information Technology, Quantum Computing
  • Stage:Seed, Series A, Series B
  • Geography: Denmark, United States, United Kingdom

Investor stats

  • Total investments: 36
  • Round size: Seed $1.9M–$6.9M; Series A $6.4M–$63M; Series B $15M–$125M
  • Lead/follow: 11% lead, 89% follow
  • Last fund: Likely still investing — raised $120M in 2022

Portfolio highlights

  • Kvantify — Quantum computing will revolutionize many aspects of computing. We can help your business harness the full potential of Quantum Computing and High-Performance Computing today.
  • QSimulate — QSimulate is a simulation platform that solves pressing problems for the chemical and pharmaceutical industries. It aims to deliver best-time-to-solution algorithms to chemical and pharmaceutical industries to accelerate their computational R&D. It is headquartered in Cambridge, Massachusetts.
  • Sparrow Quantum — Sparrow Quantum, a global leader in quantum photonic chip technology. Explore innovative solutions driving advancements in quantum computing, communication, and beyond. Stay ahead with cutting-edge technologies shaping the future.
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Access 48,091 investors

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

Browse database — It's Free!
Butterfly Ventures
VC Fund · Oulu, Oulu, Finland · 3 investments in Finland Machine Learning startups

Butterfly Ventures is a seed-stage focused VC in the Nordics, investing in deep tech, hardware, and hardware interfacing software. The company prefers to get involved with companies early on; 80% of Butterfly Ventures portfolio companies don't have any revenue at the time of their entry. Butterfly Ventures was founded in 2012 and ever sincethen it has been one of the most active early stage VCs in the region. The company has offices in Oulu, Helsinki and Stockholm.

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Investment focus

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

Investor stats

  • Total investments: 91
  • Round size: Seed $224k–$2.2M; Pre-Seed $110k–$4.3M
  • Lead/follow: 42% lead, 58% follow
  • Last fund: Likely still investing — raised $49M in 2022

Portfolio highlights

  • DREV — DREV is a cleantech company manufacturing contamination control solutions for the world’s most advanced manufacturing facilities.
  • Zenniz — Zenniz is an ITF approved game tracking solution that provides real-time info, such as automated line calling, stroke and serve speeds, shot charts, match statistics and more. Players and coaches at all levels can use Zenniz on and off the court to help improve their game. For tennis clubs, Zenniz is an easy and cost-effective way to upgrade to thenext level. Due to a new, innovative sensor technology, they’ve been able to keep the cost to a minimum, making Zenniz accessible for all clubs, coaches and players.
  • Polar Light Technologies — Polar Light Technologies focuses on developing the next generation of Nano and micro LED technology.
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Nidoco
VC Fund · Stockholm, Stockholms Lan, Sweden · 3 investments in Finland Machine Learning startups

Nidoco AB is a Swedish investment company whose strategy is to create long-term value through active ownership of public and private companies.

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Investment focus

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

Investor stats

  • Total investments: 29
  • Round size: Seed $327k–$2.6M; Pre-Seed $700k–$759k; Venture - Series Unknown $1.5M–$60M
  • Lead/follow: 34% lead, 66% follow

Portfolio highlights

  • Betolar — Betolar is a materials technology company that develops circular economy solutions for the mining, metals, and construction sectors by transforming industrial sidestreams and waste materials into valuable products. Its technologies support the production of low-carbon, cement-free construction materials and enable the recovery of critical andstrategic metals from industrial waste streams. The company provides material analysis, consulting, and recipe optimization services, utilizing digitalization, data platforms, and artificial intelligence to support research, development, and industrial applications. Betolar's solutions are designed to help reduce carbon emissions, decrease reliance on virgin raw materials, and improve the utilization of industrial byproducts. Its activities span construction materials, metal extraction technologies, and circular material solutions that support more resource-efficient industrial processes.
  • TactoTek — Set your imagination free and create user experiences with the help of sustainable smart molded structures.
  • CHAOS — At CHAOS, we strive to democratize data and harness the power of AI and cutting-edge technology, delivering transformative location insights that empower decision-makers to design more liveable cities- sustainable, human-centered where the quality-of-life soars.
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Crowberry Capital
VC Fund · Reykjavík, Gullbringusysla, Iceland · 2 investments in Finland Machine Learning startups

Crowberry Capital invests at seed and early stage in emerging technology ventures in the Nordics. Our mission is to back people that are good for companies and build companies that are good for people. We have a strong follow-through philosophy and commit to putting your company first.

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Investment focus

  • Industry: Software, Gaming, Health Care
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Iceland, Denmark, Finland

Investor stats

  • Total investments: 52
  • Round size: Seed $1.6M–$4.4M; Pre-Seed $400k–$1.3M; Series A $5.7M–$17M
  • Lead/follow: 46% lead, 54% follow
  • Last fund: May invest from a new fund soon — raised $90M in 2021

Portfolio highlights

  • Quanscient — Quanscient develops multiphysics simulation software utilizing quantum computing algorithms to improve simulation technology. Its Computer Aided Engineering (CAE) platform integrates a unique combination of cloud-native multiphysics solvers, advanced cloud computing, and future quantum integration. The platform also offers engineers over ahundredfold increase in simulation throughput to enable fully digital R&D processes, addressing complex technology challenges in industries like fusion energy, 6G/7G, advanced semiconductors, biomedical, automotive, and aerospace.
  • SNERPA Power — SNERPA Power develops intelligent energy services.
  • Augmented Hearing — Read more about danish audiology scale-up Augmented Hearing, driving the world's most ambitious audiology solutions and innovations.
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Tiny VC
VC Fund · Berlin, Berlin, Germany · 2 investments in Finland Machine Learning startups

Backing great companies when they're tiny

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United Kingdom, Germany, United States

Investor stats

  • Total investments: 129
  • Round size: Seed $1.4M–$6.4M; Pre-Seed $750k–$3.3M; Series A $9.7M–$27M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Genie — Genie is a provider of a Shopify inventory management solution for fast-growing merchants.
  • Serve First — Serve First is an AI customer experience platform that turns real-time feedback into insights, helping drive smarter business decisions.
  • Massive Dynamic — Deploy specialized AI agents for paid media operations (analysis, bidding, reporting, creative workflows and more) while your experts stay in control.
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Reaktor Ventures
VC Fund · Helsinki, Southern Finland, Finland · 2 investments in Finland Machine Learning startups

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

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Investment focus

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

Investor stats

  • Total investments: 60
  • Round size: Seed $137k–$2.1M; Pre-Seed $158k–$1.8M; Series A $1.7M–$6.8M
  • Lead/follow: 13% lead, 87% follow

Portfolio highlights

  • Valpas — Valpas is the hygiene protocol that reassures your future guests and keeps your hotel clean from the most uncontrollable: bed bugs
  • allies.digital — Allies is a match-making platform curating businesses with IT-, digital and creative agencies. No more miss-matches when buying IT & creative services.
  • StarBerry Games — StarBerry Games GmbH is a mobile games company based in Berlin, Germany. The company develops free-to-play casual mobile games and is best known for its games Merge Mayor and Idle Coffee Corp.
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SNÖ Ventures
VC Fund · Oslo, Oslo, Norway · 2 investments in Finland Machine Learning startups

SNÖ is an early stage venture capital firm that empowers Nordic technology entrepreneurs and startups. They founders are builders and entrepreneurs themselves, with unique digital expertise, and are extremely passionate about the various aspects that make a startup succeed.SNÖ is based in Oslo, Norway. It was founded by Magne Uppman and TeodorBjerrang in 2015.

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Investment focus

  • Industry: Software, Artificial Intelligence, Machine Learning
  • Stage:Seed, Pre-Seed, Venture - Series Unknown
  • Geography: Norway, United States, Sweden

Investor stats

  • Total investments: 42
  • Round size: Seed $978k–$5.5M; Pre-Seed $2.8M–$4.5M; Venture - Series Unknown $1.3M–$5M
  • Lead/follow: 55% lead, 45% follow
  • Last fund: May invest from a new fund soon — raised $100M in 2021

Portfolio highlights

  • MusicInfra — Organizing connections between recordings, compositions, and rightsholder claims to reduce friction and enable monetization. AI-powered recognition and matching solutions for the music industry.
  • Sindri — Sindri is a platform that helps the energy industry utilizing artificial intelligence, machine learning, and computer vision technologies.
  • Nolla Health — AI-powered healthcare, like having a doctor in your family. Instant assessments, real clinicians, personalized treatment - all from your phone.
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CapMan
VC Fund · Helsinki, Southern Finland, Finland · 2 investments in Finland Machine Learning startups

CapMan is a private markets pioneer in the Nordics. Our funds invest in real estate, infrastructure, natural capital and unlisted companies.

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Investment focus

  • Industry: Software, Information Technology, Health Care
  • Stage:Private Equity, Series B
  • Geography: Finland, Russian Federation, Sweden

Investor stats

  • Total investments: 61
  • Round size: Series B $2.1M–$14M; Private Equity $16M–$100M
  • Lead/follow: 62% lead, 38% follow
  • Last fund: May invest from a new fund soon — raised $181M in 2019

Portfolio highlights

  • Nonna Group Oy — Nonna Group develops new types of housing for the elderly.
  • CSE Entertainment — WE BRING JOY AND MOVEMENT FOR MILLIONS OF PEOPLE AROUND THE WORLD. In our core is the idea of diversity and equality of physical activity and sport. We are changing eSport and Exergaming concepts, and in 2025 CSE will be the leading exergaming brand in the world. Our products and services are used widely in family entertainment, fitness,education, and rehabilitation.
  • Kuntokeskus Liikku — Kuntokeskus Liikku is a fitness club that provides multidisciplinary services like gym, aquatics, and sports training.
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Sontek Oy
VC Fund · Espoo, Southern Finland, Finland · 2 investments in Finland Machine Learning startups

Sontek helps innovative ICT companies to fulfil their growth strategy by strengthening sales, marketing, and finance.

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Investment focus

  • Industry: Furniture, Manufacturing, Data Integration
  • Stage:Seed
  • Geography: Finland

Investor stats

  • Total investments: 3
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • QuickBI — Data pipeline as a service. QuickBI's product allows non-technical person to build data pipeline with selection of over 300 different data sources and modern Google BigQuery data warehouse. This all can be done in 10 minutes by business controller, CFO or anyone else without technical knowledge about data, integrations or data warehousing.Customers include: Fysios, M Room, Jungle Juice Bar, Valtti Kumppanit, Kiho, Plan Brothers, Sospro, Boreal, Täsmä Työterveys, etc.
  • Smartblock Oy — Smartblock is a MOBILE MODULAR WORKING CUBE, equipped with SMART TECHNOLOGIES that can be used anywhere you might want to collaborate, focus, learn or socialize. It’s the PERFECT SPACE FOR MODERN WORK. Smartblocks are quality DESIGNED AND MADE IN FINLAND.
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Future Energy Ventures
VC Fund · Essen, Nordrhein-Westfalen, Germany · 2 investments in Finland Machine Learning startups

Future Energy Ventures is a unique venture capital fund that brings together corporate partners and world-class start-ups to shape the future energy landscape. Future Energy Ventures invests in digital and digitally enabled technologies and business models that have the potential to redefine the future energy landscape.From its operational hubsin Germany, Israel and Silicon Valley, Future Energy Ventures looks for both investments and scaling opportunities for its portfolio globally and new investment opportunities.Future Energy Ventures is the venture capital investment and collaboration platform of E.ON, one of Europe’s largest operators of energy networks and energy-related infrastructure.

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Investment focus

  • Industry: Software, Energy, Information Technology
  • Stage:Seed, Series A, Series B
  • Geography: Germany, United States, Israel

Investor stats

  • Total investments: 102
  • Round size: Seed $1.3M–$5M; Series A $3.4M–$18M; Series B $10M–$34M
  • Lead/follow: 29% lead, 71% follow
  • Last fund: Likely actively investing — fresh fund, raised $273M in 2025

Portfolio highlights

  • Pstryk — Pstryk is a mobile app that tracks expenditures in real time to help you make budget-conscious decisions about energy consumption.
  • GridCARE — GridCARE is the essential one-stop power solution for AI data centers, delivering energy security and resilience at unprecedented speed.
  • Reel Energy — Reel empowers all companies to procure renewable electricity that makes a real difference for the climate.
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Kulpreet Singh
Angel · London, General Santos, Philippines · 2 investments in Finland Machine Learning startups

Kulpreet Singh is Managing Partner at Overture Capital. He attended IMD.

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: Finland, Germany, United States

Investor stats

  • Total investments: 7
  • Round size: Seed $3M–$3.5M; Series A $3.1M–$10M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Better Stack — Delightful observability tools that turn your logs & monitoring into a secret weapon for shipping better software faster.
  • Workfellow — Find what breaks the flow of work and processes - automatically. Then just fix it!
  • Membrane — Integrate any API instantly. Keep integrations working as things change. Membrane is agentic integration infrastructure with unlimited API coverage.
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Spintop Ventures
VC Fund · Stockholm, Stockholms Lan, Sweden · 2 investments in Finland Machine Learning startups

Founded in 2009, Spintop Ventures is a venture capital firm backed by a network of successful tech entrepreneurs who have invested in Spintop alongside institutional investors, family offices and some of the most experienced private investors in early stage growth companies.

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Investment focus

  • Industry: Software, Information Technology, SaaS
  • Stage:Seed, Series A
  • Geography: Sweden, Finland, Norway

Investor stats

  • Total investments: 74
  • Round size: Seed $907k–$5.8M; Series A $1.7M–$11M
  • Lead/follow: 58% lead, 42% follow
  • Last fund: Likely still investing — raised $94M in 2022

Portfolio highlights

  • Velatir — Velatir helps you stay in control of AI decisions. With real-time monitoring, AI risk scoring, we make responsible, transparent AI easy.
  • Incredible — Talk to your apps and automate tasks
  • Solace Care — Legacy planning and guided loss support in one digital platform, offered through insurers and employers across the Nordics and the Netherlands.
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Join Capital
VC Fund · Berlin, Berlin, Germany · 2 investments in Finland Machine Learning startups

JOIN Capital is an early stage VC focused on Seed and Series A investments in Industry 4.0 and enterprise tech. Our portfolio companies are front and center at factories, delivering smart machinery and robotics for high-volume manufacturing. They’re behind the scenes with powerful algorithms for managing global production systems. They rethink andrewire essential processes, with the goal of maximizing human capabilities. We invest in technologies related to core business functions: operations, manufacturing, data analytics, supply chain and software development. We seek innovative solutions to real customer problems that have achieved product-market fit. Technologies we invest in include: machine learning, robotics, cloud computing, IoT, smart sensors.

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Investment focus

  • Industry: Software, Artificial Intelligence, Manufacturing
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: Germany, United Kingdom, The Netherlands

Investor stats

  • Total investments: 56
  • Round size: Seed $1.1M–$9.5M; Series A $5.1M–$27M; Venture - Series Unknown $2M–$19M
  • Lead/follow: 61% lead, 39% follow
  • Last fund: Likely still investing — fund raised in 2024

Portfolio highlights

  • TERASi — Scalable hardware for 6G and beyond.
  • enclaive — Experience the strength of confidential cloud computing with Enclaive.io. Elevate your company's security and performance in the most fortified cloud ecosystem. Unlock unparalleled confidentiality with our secure compute environments.
  • HyImpulse Technologies — HyImpulse develops dedicated sub-orbital and orbital launch services using hybrid propulsion-based launch vehicles. Their SR75 is a single stage sounding rocket using a hybrid rocket engine to deliver institutional and commercial experiments into a micro gravity environment during a suborbital flight.
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NordicNinja VC
VC Fund · Helsinki, Southern Finland, Finland · 2 investments in Finland Machine Learning startups

NordicNinja VC invests in startups in the Nordic-Baltic region.

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Investment focus

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

Investor stats

  • Total investments: 56
  • Round size: Seed $1.9M–$12M; Series A $5M–$30M; Series B $15M–$62M
  • Lead/follow: 55% lead, 45% follow
  • Last fund: Likely still investing — raised $200M in 2023

Portfolio highlights

  • LiveEO — LiveEO is the leading solution provider for AI-powered satellite-based monitoring of large infrastructure networks. Trusted worldwide.
  • RedpineAI — Redpine powers AI builders and autonomous agents with access to licensed, high-quality and multimodal data - securely and at scale.
  • CorPower Ocean — CorPower Ocean AB was founded in 2009 to develop high efficiency Wave Energy Converters (WECs).CorPower's Wave Energy Converters deliver five times higher annual energy output per ton of device compared to previously known wave power solutions. The step-change improvement in performance and efficiency allows a Cost-of-Energy that cancompete with offshore wind. The products are currently in pilot with Iberdrola. CorPower has assembled a team with extensive experience in energy generation, design and manufacturing of production equipment, system engineering as well as the market expertise to allow us to continue transforming the technology of tomorrow into renewable energy applications of today.
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Leena Niemistö
Angel · Helsinki, Southern Finland, Finland · 2 investments in Finland Machine Learning startups

Leena Niemistö

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Investment focus

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

Investor stats

  • Total investments: 19
  • Round size: Seed $306k–$3.2M; Venture - Series Unknown $2.2M–$3.5M
  • Lead/follow: 16% lead, 84% follow

Portfolio highlights

  • Rens Original — RENS Original is the World's First Sneaker made from recycled coffee and plastic. We know you've been drinking it, now it is time to wear it.
  • Maire — Maire - AI co-pilot for industry leading B2C E-commerce brands. From Industry Trends to Market Research and Search Intent Analysis
  • Finnadvance — Finnadvance is an Organ-On-Chip company developing high throughput biological barriers on chips to mimic human biology such as vascular, lung and the Blood-Brain-Barriers for small molecule, micro-nano-formulation permeability and toxicity testing with in-vivo like dynamic cell cultures.
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Ugly Duckling Ventures
VC Fund · Copenhagen, Hovedstaden, Denmark · 2 investments in Finland Machine Learning startups, 10 in the past 12 months

At Ugly Duckling Ventures, we make capital, know-how, and real-world application available to Nordic ventures at the seed & pre-seed stage. We are operational by nature and want to get in the grind as we excel at getting early-stage ventures ready for scale.

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Investment focus

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

Investor stats

  • Total investments: 25
  • Round size: Seed $1M–$5.5M; Pre-Seed $917k–$1.7M; Venture - Series Unknown $1.1M–$7.5M
  • Lead/follow: 60% lead, 40% follow
  • Last fund: Likely actively investing — fund raised in 2026

Portfolio highlights

  • Velatir — Velatir helps you stay in control of AI decisions. With real-time monitoring, AI risk scoring, we make responsible, transparent AI easy.
  • Wilmo AI — AI agents that resolve ecommerce support tickets on autopilot. Automate order tracking, returns, and customer service across every channel.
  • Spiich Labs — AI for revenue teams that win on relationships. The agentic sales platform that eliminates CRM admin: your CRM updates itself after every call, you get daily meeting briefs, and follow-ups write themselves. Save 9+ hours weekly.
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Gorilla Capital
VC Fund · Helsinki, Southern Finland, Finland · 2 investments in Finland Machine Learning startups

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

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Investment focus

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

Investor stats

  • Total investments: 79
  • Round size: Seed $294k–$1.5M; Pre-Seed $149k–$680k; Venture - Series Unknown $1.1M–$2.1M
  • Lead/follow: 66% lead, 34% follow
  • Last fund: Likely actively investing — fresh fund, raised $49M in 2025

Portfolio highlights

  • Munchi — Munchi allows restaurants to manage all orders, payments and loyalty in one platform with the power of AI.
  • Amplifiles — Amplifiles is a PropTech startup that turns real estate listing photos into fully branded, high-quality videos in minute, no filming or editing required. Our video engine helps agents, photographers, and marketplaces boost engagement, generate more leads, and unlock new revenue streams.
  • Nordic Information Control — Inventering och klassificering av information, automatiskt med Nordic Information Control Platform. Automatic Regulatory compliance.
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Nuard Ventures
VC Fund · 2 investments in Finland Machine Learning startups

Nuard Ventures invests in innovative early stage companies.

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Investment focus

  • Industry: IaaS, Video, Gaming
  • Stage:Seed, Angel, Pre-Seed
  • Geography: Finland, Germany, United States

Investor stats

  • Total investments: 9
  • Round size: Seed $159k–$680k
  • Lead/follow: 22% lead, 78% follow

Portfolio highlights

  • WARD — WARD is a fantasy sport game, where fans can watch their favourite eSports matches and predict what will happen in real time.WARD is a startup out of Berlin which has created a “pick and predict” real-time prediction smartphone game, where players can win real prizes. People love to watch e-sports. We believe on these occasions they still want tobe able to participate.However, until now no product has offered anything other than the ability to watch. There’s been no way for fans to spectate, participate, analyse and predict the outcomes of their favourite games.
  • MVision AI — AI-powered solutions that automate repetitive tasks, enable efficient radiotherapy workflows, and promote consistency across clinical processes.
  • Polka Dot Studio — Kalian Bisa Memasang Taruhan Online Dengan Sangat Mudah Dan Nyaman Di Situs DEWAHOKI Yang Sudah Resmi Di Indonesia
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Christian Jantzen
Angel · London, England, United Kingdom · 2 investments in Finland Machine Learning startups

Danish angel investor, based in London.

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Investment focus

  • Industry: SaaS, Software, Artificial Intelligence
  • Stage:Seed, Pre-Seed, Angel
  • Geography: Denmark, Sweden, Finland

Investor stats

  • Total investments: 31
  • Round size: Seed $500k–$3.5M; Pre-Seed $246k–$1.6M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Heyhack — Automated web application security testing, protection, and reporting for software-as-a-service businesses.
  • LiveFlow — The easiest way to bring financial data into your spreadsheet. Automate your finances, consolidate your accounts and collaborate in real-time. Try LiveFlow for free today!
  • Fullview — Fullview let's you instantly monitor, control and analyze user sessions for faster real time customer support. No downloads. Easy to integrate.
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Kedar Dani
Angel · London, England, United Kingdom · 2 investments in Finland Machine Learning startups

Kedar Dani, UiPath.

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Investment focus

  • Industry: Software, Machine Learning, Enterprise Software
  • Stage:Seed, Series A
  • Geography: Finland

Investor stats

  • Total investments: 2
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Workfellow — Find what breaks the flow of work and processes - automatically. Then just fix it!
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Nielsen Ventures
VC Fund · 2 investments in Finland Machine Learning startups

Nielsen invests in innovation through our measurement and methodology, early startups and data partnerships.

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Investment focus

  • Industry: Machine Learning, SaaS, Software
  • Stage:Seed, Series A, Series B
  • Geography: Israel, Finland, Nigeria

Investor stats

  • Total investments: 4
  • Round size: Seed $1.9M–$3.7M
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • uLesson — uLesson has built the technology to deploy curriculum-relevant content via smartphones, that allows learners to use the product without concern for internet limitations and costs. uLesson’s mobile offering rests on three pillars: academics, media & technology and curriculum content is delivered via streaming and SD cards.
  • NoTraffic — NoTraffic has developed the first AI-powered traffic signal platform that connects road...
  • Quantrol Ox — Building Machine Learning Based Software for Quantum Control with a goal to maximise quantum computer uptime.
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Asko Schrey
Angel · 2 investments in Finland Machine Learning startups

Asko Schrey

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Investment focus

  • Industry: Software, Artificial Intelligence, FinTech
  • Stage:Venture - Series Unknown, Seed, Angel
  • Geography: Finland

Investor stats

  • Total investments: 5
  • Lead/follow: 40% lead, 60% follow

Portfolio highlights

  • Zefort — Zefort is a powerful contract management software. Sign, store, share contracts and easily with your team. Set reminders and use a powerful search.
  • ContractZen Governance Suite — ContractZen corporate governance software is ideal for contract management, board meeting management, entity management, e-signature & virtual data room (VDR).
  • ReceiptHero — ReceiptHero: Global digital receipt infrastructure connecting merchants, banks, and consumers. Connect POS systems to banking apps via a single API. Save costs and reduce CO2.
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European Investment Bank
VC Fund · Luxembourg, Luxembourg, Luxembourg · 2 investments in Finland Machine Learning startups

The European Investment Bank (EIB) offers lending, borrowing, and treasury services primarily within the European Union. It provides project loans for public and private sectors, loans to banks and intermediaries, structured finance products, guarantees, and securitization instruments for debts. Additionally, EIB offers equity and fund investmentproducts, including infrastructure and environmental funds, as well as venture capital funds. EIB also supports microfinance and risk-sharing finance for research and innovation, and provides technical expertise for sustainable energy projects. Its services include infrastructure advisory, urban development support, guarantees for transport infrastructure, and funding for public-private partnerships and small- to medium-sized enterprises. The bank serves various sectors, including transportation, energy, health, education, and agriculture.

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Investment focus

  • Industry: Biotechnology, Energy, Health Care
  • Stage:Debt Financing, Post-IPO Debt, Venture - Series Unknown
  • Geography: France, Germany, Spain

Investor stats

  • Total investments: 595
  • Round size: Post-IPO Debt $18M–$587M; Debt Financing $16M–$355M; Venture - Series Unknown $8.7M–$90M
  • Lead/follow: 83% lead, 17% follow

Portfolio highlights

  • VaxThera — VaxThera develops and produces vaccines to prevents and treats diseases.
  • Santander Brasil — Banco Santander in Brazil, its largest division in Latin America and one of the world's most important, accounting for 50%.
  • Reactive Technologies — Reactive Technologies we are committed to enabling a more intelligent use of energy, for the largest and most complex business to the smallest household. Our aim is to develop new technologies that will positively assist the energy industry to deliver cleaner, greener and more affordable energy, through more efficient and effective energymanagement and control. Through our innovative, cloud-based solution for Corporate customers – Tradenergy® – we have begun this process and with our pipeline of ground breaking new technologies we intend to continue.
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OpenOcean
VC Fund · Helsinki, Southern Finland, Finland · 2 investments in Finland Machine Learning startups

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

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Investment focus

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

Investor stats

  • Total investments: 100
  • Round size: Seed $2.8M–$11M; Series A $2.3M–$22M; Series B $7.3M–$30M
  • Lead/follow: 41% lead, 59% follow
  • Last fund: May invest from a new fund soon — raised $142M in 2021

Portfolio highlights

  • Embeddable — Embedded analytics, done right. Embeddable is a toolkit for crafting remarkable customer-facing analytics experiences into your app, in just 10% of the time.
  • Arbio — Arbio is transforming the property management landscape for alternative accommodations by leveraging advanced AI technology. Our solutions drive higher revenue, increased profitability, and superior operational efficiency - setting a new industry benchmark.By combining data-driven insights with seamless automation, we optimize every aspect ofproperty performance, enhancing both owner returns and guest satisfaction.With a vision to redefine how properties are managed and monetized, Arbio is paving the way for a more efficient, profitable, and scalable future in the alternative accommodations market.
  • Sitegeist — Sitegeist Robotics develops autonomous, modular construction robots to automate dangerous tasks like hydrodemolition, sandblasting, and drilling, boosting productivity and addressing labor shortages.Sitegeist Robotics primarily serves the construction industry, focusing on infrastructure renovation and building site operations.
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Tiny Supercomputer Investment Company
VC Fund · San Francisco, California, United States · 2 investments in Finland Machine Learning startups, 22 in the past 12 months

Backing great companies when they're tiny

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Investment focus

  • Industry: Software, Artificial Intelligence, SaaS
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United Kingdom, Germany, United States

Investor stats

  • Total investments: 197
  • Round size: Seed $1.2M–$8M; Pre-Seed $750k–$3.5M; Series A $7M–$37M
  • Lead/follow: 1% lead, 99% follow

Portfolio highlights

  • Xylo — Xylo offers higher quality processes with full officer oversight, reducing planning uncertainty and boosting UK housing delivery.
  • Build — The AI-native operating partner for the built world. Build pairs agentic AI with CRE domain experts to accelerate commercial real estate development from concept to completion.
  • Honest Mobile — It's time for mobile done right. Explore SIM-only plans that include bills that go down, support in seconds and a shrinking carbon footprint as standard. One of the UK's top-rated mobile networks.
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Springvest
VC Fund · Helsinki, Southern Finland, Finland · 2 investments in Finland Machine Learning startups

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

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Investment focus

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

Investor stats

  • Total investments: 23
  • Round size: Seed $1.6M–$7.6M; Series A $3.6M–$53M; Venture - Series Unknown $4.7M–$29M
  • Lead/follow: 74% lead, 26% follow

Portfolio highlights

  • ReOrbit — Looking for a way to keep your data flowing in space? ReOrbit has you covered with our line of autonomous and inter-networking satellites!
  • MedicubeX — MedicubeX aims to revolutionize preventive healthcare by building a network of autonomous self-measurement and telehealth eHealth Stations. We are the most advanced health kiosk and the first one in the Nordics. The eHealth Station offers regular clinical-grade medical check-ups for everyone regardless of location.
  • CurifyLabs — CurifyLabs enables 3D printed personalized medicines in pharmacies and hospitals. Always close to the patient.
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Hoxton Ventures
VC Fund · London, England, United Kingdom · 2 investments in Finland Machine Learning startups

Hoxton Ventures focuses on startups that either disrupt existing industries or invent entirely new market categories. Hoxton typically invests between $500,000 and $5 million into pre-seed, seed, and Series A stage companies, and follows its capital through the life of the company. The firm is based in London and invests all across Europe.

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Investment focus

  • Industry: Artificial Intelligence, Software, Health Care
  • Stage:Seed, Series A, Series B
  • Geography: United Kingdom, United States, Canada

Investor stats

  • Total investments: 141
  • Round size: Seed $1.9M–$12M; Series A $5M–$28M; Series B $6M–$35M
  • Lead/follow: 43% lead, 57% follow
  • Last fund: Likely actively investing — fresh fund, raised $60M in 2026

Portfolio highlights

  • Preply — Looking for a tutor? Preply is the best platform for private online lessons with a flexible payment system and affordable prices. Book your first lesson.
  • Veridion — Veridion is a living digital replica of the business world. Decision-grade data for enterprise scale systems
  • Fabrica AI — Fabrica AI offers a revolutionary platform for faster robot development, using custom hardware designs and learned optimal control to increase efficiency while minimizing complexity and cost. With a vision for a future where robot development takes days, not years.
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Redstone.VC
VC Fund · Berlin, Berlin, Germany · 2 investments in Finland Machine Learning startups, 22 in the past 12 months

The Redstone team is an international and diverse group of serial entrepreneurs, investors, investment professionals, tech analysts and data scientists.

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Investment focus

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

Investor stats

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

Portfolio highlights

  • FermLabs — Ferm Labs ingredient startup specializing in proprietary, high-yield bioprocessing platforms.
  • LimX Dynamics — Zhuji Dynamics is a general-purpose footed robot company that focuses on the R&D and manufacturing of sports intelligence and footed robots
  • Zhuji Dynamics — Zhuji Dynamics is a general-purpose footed robot company that focuses on the R&D and manufacturing of sports intelligence and footed robots
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Moaffak Ahmed
Angel · 1 investments in Finland Machine Learning startups

Serial entrepreneur and hands-on early stage investor with over 25 years of marketing and business development experience in Europe, North America and Asia.

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Investment focus

  • Industry: Audio, Music, Video
  • Stage:Pre-Seed, Seed, Series B
  • Geography: Finland, Denmark, Estonia

Investor stats

  • Total investments: 10
  • Round size: Seed $680k–$6.2M; Pre-Seed $660k–$2.4M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Rotomate — Turn machine data into clear maintenance decisions, at scale. Rotomate's AI colleague monitors every asset so your team knows what to act on.
  • Saltfish — Saltfish enables teams to develop tailored video experiences that guide users through your entire funnel, from first visit to feature adoption.
  • Grand PMS — Rooms, events and F&B on one AI-assisted platform. GRAND helps hotels and venues automate operations, sell more and spend more time with their guests.
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David Helgason
Angel · Copenhagen, Hovedstaden, Denmark · 1 investments in Finland Machine Learning startups

David is a technologist, the founder of Unity Technologies, non-exec director to others, and a restless entrepreneur with a passion for creating feedback loops between innovation and teams and products, applying new and old business models to changing industries, and pushing people to do the very best they can do.David's background is inprogramming, an assortment of university dabbling, creating companies, and helping entrepreneurs. He served as CEO of Unity Technologies since co-founding it in 2003 and until October 2014, with an unflinching vision to democratize game development, and to develop technology and business models for the next phase of the games industry. David Helgason attended the University of Copenhagen.

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Investment focus

  • Industry: Software, Gaming, Artificial Intelligence
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, Denmark, Finland

Investor stats

  • Total investments: 81
  • Round size: Seed $1M–$8.3M; Pre-Seed $242k–$2.4M; Series A $5.4M–$30M
  • Lead/follow: 4% lead, 96% follow

Portfolio highlights

  • ScyAI — Risk intelligence that thinks with you.
  • Noah — API-first stablecoin payments, enterprise-grade compliance and real-time settlements, powered by stablecoin technology.
  • Flow Engineering — Requirements management, made collaborative
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Stefan Lindeberg
Angel · Stockholm, Stockholms Lan, Sweden · 1 investments in Finland Machine Learning startups

Stefan Lindeberg was the Venture Partner and Co-founder of Nordic Game Ventures. He attended Linköping University.

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Investment focus

  • Industry: Software, Gaming, Artificial Intelligence
  • Stage:Seed, Angel, Pre-Seed
  • Geography: Sweden, Denmark, Estonia

Investor stats

  • Total investments: 18
  • Round size: Seed $232k–$7M; Angel $120k–$750k; Pre-Seed $100k–$7.5M
  • Lead/follow: 11% lead, 89% follow

Portfolio highlights

  • Lovable — Build apps, websites, and digital products faster using Lovable's AI-powered platform, no deep coding skills required.
  • The Wild Ventures — A house of sustainable brands, designed for disruption, differentiated by creativity, and supercharged by AI.
  • Blue Scarab Entertainment — Blue Scarab Entertainment is Stockholm-based video game studio developing a surprising MMORPG for fans of cozy escapism, true-crime, supernatural mystery, and horses.
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Marten Mickos
Angel · San Francisco, California, United States · 1 investments in Finland Machine Learning startups

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.

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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; Series A $5M–$10M
  • 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.
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Quilo Group
VC Fund · 1 investments in Finland Machine Learning startups

Quilo Group is a trading company from Finland

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Investment focus

  • Industry: SaaS, Software, Machine Learning
  • Stage:Seed
  • Geography: Finland

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Hukka AI — Hukka AI is an intelligent, easy-to-use software to measure and reduce food waste in professional kitchens. The service provides continuous reporting and analytics based on recorded losses, on the basis of which restaurants can optimize order quantities, that is, reduce food waste. With weighing the waste and logging it to Hukka’s intelligentcloud-based tracking system, waste value is typically reduced by 25-45% in just a few months, representing a direct benefit in the bottom line as food cost goes down. Diners will be able to track last week’s food waste and receive clear feedback on how much they have contributed to producing and reducing plate waste. It also provides a tool to measure customer satisfaction and provides important information for service development.
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Serendipity Capital
VC Fund · Singapore, Central Region, Singapore · 1 investments in Finland Machine Learning startups

We invest in Financial Services companies that are either focused on disruption or are significantly undervalued due to macroeconomic or company-specific factors. In FinTech our investments will be from seed through to growth stages.

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Investment focus

  • Industry: Banking, Payments, Machine Learning
  • Stage:Series A, Seed, Series B
  • Geography: United Kingdom, Finland, Hong Kong

Investor stats

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

Portfolio highlights

  • Delta g — Delta g Limited is a quantum technology and gravity gradiometry company. A spin-out from the University of Birmingham our technology has applications in industries as varied as civil engineering, infrastructure, defence, rail, navigation and resource exploration. Experts from science, engineering an
  • Deep Labs — Deep Labs delivers advanced AI-powered threat detection, cyber defense, and security analytics. One platform for every mission - proven at scale, trusted in adversarial environments.
  • Cambridge Quantum Computing — Quantinuum, created to transform quantum computing from theoretical to commercial, is accelerating quantum computing to help solve the world's most pressing challenges.
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Oxford Science Enterprises
VC Fund · Oxford, Oxfordshire, United Kingdom · 1 investments in Finland Machine Learning startups

Oxford Science Enterprises is the university-partnered venture firm. We work with the University of Oxford to build companies that create fundamental technologies: science-based businesses capable of tackling the planet’s toughest problems. We invest in life science, AI and software, healthcare, and deep tech to create companies taking onchallenges like nuclear fusion, quantum computing and developing treatments and cures for infectious diseases. Founded in 2015, we’ve raised over £600M to create a world-class technology ecosystem, and combine our deep experience with a network of investors, entrepreneurs and sector-experts to find co-investment, build businesses, and hire senior management talent.

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Investment focus

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

Investor stats

  • Total investments: 146
  • Lead/follow: no public data

Portfolio highlights

  • Kneu Health — Kneu Health transforms smart phones into clinical-grade monitors to keep a tab on neurological conditions like Parkinson’s and dementia.
  • Oath Surgical — High quality outpatient surgical care. That's our Oath. Oath provides patients with access to high quality, lower cost surgical care in premium and convenient outpatient settings.
  • Wild Bioscience — Wild Bioscience is a crop improvement company that provides carbon mitigation, yield enhancement, and farm productivity solutions.
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LähiTapiola
VC Fund · Espoo, Southern Finland, Finland · 1 investments in Finland Machine Learning startups

LähiTapiola is based on mutual company form, a group of companies owned by its customers, serving the personal, farm, entrepreneurial.

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Investment focus

  • Industry: Manufacturing, Apps, Health Care
  • Stage:Debt Financing, Seed
  • Geography: Finland

Investor stats

  • Total investments: 6
  • Lead/follow: no public data

Portfolio highlights

  • Enfuce — Unlock growth with our card issuing solutions. Our expertise in issuer processing can turn your ambitious vision into a reality.
  • Steady Energy — Steady Energy aims to decarbonize the energy-intensive heating industry starting with residential and district heating.
  • Altum Technologies — Minimize production stops and expenses due to fouling and scaling. Discover Altum's ZPD ultrasound fouling mitigation solutions for zero process downtime.
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10x Value Partners
VC Fund · London, England, United Kingdom · 1 investments in Finland Machine Learning startups

10x Value Partners is a discretionary investment firm founded and owned by serial entrepreneur and investor Christian Schroeder.

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Investment focus

  • Industry: FinTech, Financial Services, E-Commerce
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Germany, United States, United Kingdom

Investor stats

  • Total investments: 36
  • Lead/follow: no public data

Portfolio highlights

  • Debtist — Inkasso & Forderungsmanagement mit Debtist. Von der 1. Zahlungserinnerung bis zur gerichtlichen Inkassoabwicklung bieten wir alle Leistungen digital an.
  • Gravitiq — Looking to sell your Amazon business or brand? Gravitiq acquires and scales e-commerce brands, maximizing your exit value and preserving your brand legacy.
  • Educate Online — Educate Online is an all-in-one platform that connects international students to UK, US and Canadian schools that teach online. Worldwide schooling platform for children from 4 to 18 years old, which is helping children study in the UK, Canadian and British schools remotely and at the same time receive diplomas equivalent to full-time diplomas andthen enter the world's top universities. The cost of obtaining such a high school diploma in Educate Online is $ 5-10K, which is 20-30 times lower than the cost of full-time education in a US / UK / Canadian school. Our mission is to provide quality school education to children in any part of the world and make it accessible to every child, regardless of social status and location. Educate Online has a partner network of more than 90 universities worldwide, where students can enroll with a guarantee.
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Jonathan Scudder
Angel · Bristol, Bristol, City of, United Kingdom · 1 investments in Finland Machine Learning startups

Jonathan held key roles in a variety of large identity projects before co-founding ForgeRock in Norway, running finance and operations and then relocating to build the ForgeRock engineering lab in Bristol. He believes that awesome humans are the basis of great companies, and has spent the ForgeRock years proving this. He has sat on severalvoluntary, political and private boards and founded a handful of small companies in the past, but thinks ForgeRock is the best thing since sliced bread. Jonathan is a qualified youth and community worker, and has a degree in Informatics from the University of Oslo, Norway.

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Investment focus

  • Industry: Artificial Intelligence, Software, Cyber Security
  • Stage:Seed, Pre-Seed
  • Geography: Finland, United Kingdom

Investor stats

  • Total investments: 2
  • Lead/follow: no public data

Portfolio highlights

  • Lexverify — Lexverify uses artificial intelligence to detect potential legal and compliance concerns in communications. It assists businesses in proactively avoiding legal and regulatory concerns by harnessing the power of AI. Their objective is to make technological communication a benefit rather than a problem.
  • Confidentialmind — The ConfidentialMind software stack enables you to integrate AI-solutions such as language models into your workflows and processes without data leaks to third parties. We will find a way to protect your data.
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Henry Nilert
Angel · Helsinki, Southern Finland, Finland · 1 investments in Finland Machine Learning startups

Henry Nilert

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Investment focus

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

Investor stats

  • Total investments: 6
  • Round size: Seed $743k–$2.2M; Pre-Seed $393k–$655k
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • Nordigen — Nordigen is a free open banking API that provides PSD2 data connections to all major European banks.
  • NurseBuddy — Meet Nursebuddy: a smart, intuitive platform engineered in Finland and built to help tomorrow's homecare businesses thrive.
  • Inscripta — PROFESSIONAL DICTATION MADE EASY
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System.One
VC Fund · Kreuzberg, Berlin, Germany · 1 investments in Finland Machine Learning startups

System.One is a pre-seed venture capital fund based in Berlin. Our purpose is to invest in exceptional founders who combine early technical ideas with a bold mission and major technical impact.

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Investment focus

  • Industry: Artificial Intelligence, SaaS, Software
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Germany, United States, United Kingdom

Investor stats

  • Total investments: 29
  • Round size: Seed $1.5M–$13M; Pre-Seed $855k–$4.4M; Series A $14M–$18M
  • Lead/follow: 17% lead, 83% follow
  • Last fund: May invest from a new fund soon — raised $8.4M in 2016

Portfolio highlights

  • Mondoo — Reveal vulnerabilities, lost assets, and policy violations before they become exploits.
  • Silixon — siliXon is an AI-powered PCB design tool that lets engineers create printed circuit boards using natural language—type what you want in plain English, and get a manufacturable PCB in minutes instead of months.
  • lemon.markets — lemon.markets provide a REST API to support creating and executing orders at the stock market and retrieving market data.
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Nordic Makers
VC Fund · Stockholm, Stockholms Lan, Sweden · 1 investments in Finland Machine Learning startups, 6 in the past 12 months

Nordic Makers invests in early-stage Nordic B2B software startups, offering capital and founder support to help them scale globally.

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Investment focus

  • Industry: Software, Information Technology, Education
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Denmark, United States, Norway

Investor stats

  • Total investments: 44
  • Round size: Seed $270k–$4.6M; Pre-Seed $500k–$2.6M; Series A $2.3M–$14M
  • Lead/follow: 16% lead, 84% follow

Portfolio highlights

  • KIME — KIME enables you to track visibility across various AI platforms, analyze competitor presence, and apply clear steps to improve positioning in high-value searches that increase brand recognition and business impact.
  • Atech — Atech is a Copenhagen-based hardware startup that simplifies electronics development by enabling users to design and assemble functional prototypes using natural language prompts and modular, snap-together components. The company's platform eliminates complex soldering and firmware configuration, allowing developers to go from a chat-basedconcept to a physical, working device in minutes.
  • Pluto.markets — Pluto is the modern investment app for the 100m Europeans living in countries without the EUR.
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Machine Learning Investor funding in Finland at a glance

Stats across 138 deals from 176 investors.

176
investors
in Finland Machine Learning startups
138
deals
in Finland Machine Learning startups
$1.2M
median round
in Finland Machine Learning startups
37%
lead investors
lead at least one round
38%
Seed
most common funding stage
77/23
VC / Angel
share of investor count

Access all 176 investors in Finland Machine Learning startups.

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