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Top 50 Machine Learning Startup Investors in Finland (September 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 $580k–$22M
First Fellow Partners
VC Fund
6 Finland, United States, Sweden Seed, Series A, Pre-Seed Software, SaaS, Artificial Intelligence $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, China Series B, Series C, Series A Biotechnology, Health Care, Therapeutics $14M–$230M
2xN
VC Fund
3 Denmark, United States, United Kingdom Seed, Series A, Series B Software, Information Technology, Quantum Computing $1.9M–$125M
Nidoco
VC Fund
3 Finland, Sweden, Estonia Seed, Venture - Series Unknown, Pre-Seed Software, SaaS, Artificial Intelligence $327k–$60M
Balderton Capital
VC Fund
3 United Kingdom, United States, Germany Series A, Series B, Series C Software, Financial Services, Artificial Intelligence $4.5M–$160M
Butterfly Ventures
VC Fund
3 Finland, Sweden, Norway Seed, Pre-Seed Software, Health Care, Information Technology $110k–$4.3M
Kedar Dani
Angel
2 Finland Seed, Series A Software, Machine Learning, Enterprise Software
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
Asko Schrey
Angel
2 Finland Venture - Series Unknown, Seed, Angel Software, Artificial Intelligence, FinTech
Nielsen Ventures
VC Fund
2 Israel, Finland, Nigeria Seed, Series A, Series B Machine Learning, SaaS, Software $1.9M–$3.7M
European Investment Bank
VC Fund
2 France, Germany, The Netherlands Debt Financing, Post-IPO Debt Biotechnology, Health Care, Energy $16M–$587M
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
OpenOcean
VC Fund
2 Finland, United States, United Kingdom Series A, Seed, Series B Software, Information Technology, Artificial Intelligence $2.3M–$30M
Reaktor Ventures
VC Fund
2 Finland, Germany, United States Seed, Pre-Seed, Series A Software, Internet, E-Commerce $127k–$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
Tiny Supercomputer Investment Company
VC Fund
2 United Kingdom, Germany, United States Seed, Pre-Seed, Series A Software, Artificial Intelligence, Information Technology $750k–$37M
Christian Jantzen
Angel
2 Denmark, Sweden, Finland Seed, Pre-Seed, Angel SaaS, Software, Artificial Intelligence $246k–$3.5M
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
Future Energy Ventures
VC Fund
2 Germany, United States, Israel Seed, Series A Software, Energy, Information Technology $1.3M–$18M
NordicNinja VC
VC Fund
2 Sweden, Finland, Estonia Series A, Series B, Seed Software, Information Technology, Artificial Intelligence $1.9M–$62M
Leena Niemistö
Angel
2 Finland, United States Seed, Venture - Series Unknown, Pre-Seed Health Care, Software, E-Commerce $306k–$3.5M
Redstone.VC
VC Fund
2 Germany, Finland, Switzerland Seed, Series A, Pre-Seed Software, Information Technology, Artificial Intelligence $460k–$17M
Gorilla Capital
VC Fund
2 Finland, Sweden, Estonia Pre-Seed, Seed, Venture - Series Unknown Software, Information Technology, SaaS $149k–$2.1M
Ugly Duckling Ventures
VC Fund
2 Denmark, Sweden, Finland Seed, Pre-Seed, Venture - Series Unknown Software, Information Technology, Artificial Intelligence $876k–$7.5M
Nuard Ventures
VC Fund
2 Finland, Germany, United States Seed, Angel, Pre-Seed IaaS, Video, Fashion $159k–$680k
Sontek Oy
VC Fund
2 Finland Seed Furniture, Manufacturing, Data Integration
David Helgason
Angel
1 United States, Denmark, Finland Seed, Series A, Pre-Seed Software, Gaming, Artificial Intelligence $242k–$30M
Juha Vartiainen
Angel
1 Finland Pre-Seed Machine Learning, Enterprise Software, Artificial Intelligence
J12
VC Fund
1 Sweden, Germany, Norway Seed, Pre-Seed, Series A Software, Artificial Intelligence, Information Technology
The Nordic Web Ventures
VC Fund
1 Denmark, Norway, Sweden Pre-Seed, Seed, Angel Software, SaaS, Information Technology
Visionplus
VC Fund
1 Finland, United States, United Kingdom Seed, Series A Software, Information Technology, Internet
Innovestor
VC Fund
1 Finland, Denmark, Sweden Seed, Series A Software, Health Care, Manufacturing
AINS Ventures
VC Fund
1 Finland Seed SaaS, Software, Construction
Ilkka Hiidenheimo
Angel
1 Finland Pre-Seed Industrial, Manufacturing, Nanotechnology
ADB Ventures
VC Fund
1 India, Singapore, United States Seed, Series A, Series C Artificial Intelligence, Machine Learning, Logistics
Jan Valkonen
Angel
1 Finland Software, Career Planning, Human Resources
Stefan Lindeberg
Angel
1 Sweden, Denmark, Estonia Seed, Angel, Pre-Seed Software, Gaming, Artificial Intelligence $100k–$7.5M
DCVC
VC Fund
1 United States, Canada, United Kingdom Seed, Series A, Series B Software, Artificial Intelligence, Machine Learning $1.1M–$130M
Juha Paananen
Angel
1 United States, Finland, Singapore Seed, Pre-Seed, Angel Gaming, Health Care, Video Games $424k–$3.4M
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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: 235
  • Round size: Seed $334k–$3.5M; Grant $50k–$10M; Debt Financing $241k–$6.5M
  • Lead/follow: 44% lead, 56% 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: 201
  • Round size: Seed $580k–$5.4M; Series A $2.8M–$22M; Venture - Series Unknown $616k–$17M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: Likely actively investing — fresh fund, raised $464M in 2025

Portfolio highlights

  • 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
  • Everywear Games — Everywear Games is the world’s leading 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 gamesare consistently on top of global charts.
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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, Artificial Intelligence
  • 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, 14 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: 102
  • 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

  • Sigvi — Sigvi is a managed car rental marketplace that turns thousands of fragmented small fleet operators into one AI managed rental network. The platform aggregates vehicle supply from independent rental companies and private owners, handles all operations — from booking and keyless pickup to maintenance, insurance, and fines — and delivers a fullydigital rental experience to travellers and businesses across Europe.Based in Vilnius, Lithuania, Sigvi operates an asset-light model where car owners list vehicles for a minimum of one year while Sigvi manages the entire customer lifecycle. Guests book through the platform and access cars 24/7 via keyless phone unlock at Sigvi-managed parking lots, eliminating the counter queues and trust issues that plague traditional rental.The company serves both B2C travellers (tourists, long-term renters, car replacement) and B2B clients (corporate fleets, insurance replacement vehicles, OTA partners). Sigvi is live in Lithuania and Poland, targeting the ~35% of the €72B European car rental market still served by independent operators with no technology infrastructure.
  • 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, China

Investor stats

  • Total investments: 299
  • 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

  • Zero Motorcycles — Manufacturer of 100% electric motorcycles for the street and dirt
  • FlatFrog Laboratories — Free online whiteboard that is easy to use on your personal laptop or walk-up and use as a digital whiteboard on your InGlass meeting room display. Use FlatFrog Board across your entire Microsoft Teams workspace.
  • Lexicon Pharmaceuticals — Lexicon Pharmaceuticals, Inc. (formerly Lexicon Genetic) a biopharmaceutical company, focuses on the discovery and development of pharmaceutical products for the treatment of human disease, including immunology, metabolism, cardiology, and ophthalmology. The company's drug candidates include LX1031, which has completed Phase II clinical trialsfor the treatment of irritable bowel syndrome and other gastrointestinal disorders; LX4211 that has completed Phase II clinical trials to treat type 2 diabetes; LX2931, which is in Phase II clinical trials for the treatment of rheumatoid arthritis and other autoimmune diseases; and LX1032 that has completed Phase II clinical trials to treat the symptoms associated with carcinoid syndrome. It also has a preclinical development drug candidate, LX7101, for the treatment of glaucoma. The company has drug discovery alliances with Bristol-Myers Squibb Company; Genentech, Inc.; N.V. Organon; and Takeda Pharmaceutical Company Limited. It also has drug development financing collaboration with Symphony Icon; collaboration agreement with Taconic Farms, Inc.; and an alliance with Nuevolution A/S, which provides access to Nuevolution's Chemetics platform chemistry technology.
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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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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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Access 48,091 investors

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

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

Investor stats

  • Total investments: 446
  • Round size: Series A $4.5M–$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).
  • GitGuardian — GitGuardian provides a platform for detecting and managing sensitive digital credentials and machine identities within software development environments. The company’s solutions scan source code repositories, cloud infrastructure configurations, and other development tools to identify exposed secrets such as API keys, security tokens, andcertificates that could be inadvertently committed. Its offerings include internal monitoring tools that help organizations observe secrets within private codebases and public monitoring capabilities to uncover leaks that occur in publicly accessible repositories. GitGuardian also supports governance over non‑human identities by maintaining inventories of machine accounts and associated credentials while offering contextual insights and workflows to assist security teams in prioritizing and addressing potential risks. The platform integrates with a variety of developer and security tools to bring visibility into hidden credentials across a technology stack and to support collaborative remediation activities. GitGuardian delivers automated detection paired with incident tracking features that assist in classifying exposures and guiding corrective actions throughout the software development lifecycle. The company’s technology targets security, DevOps, and compliance functions that aim to strengthen credential hygiene and reduce chances of unauthorized access within organizational systems.
  • Quantum Systems — Our vision is to become the global leader in providing aerial data for decision making by the use of our drones.
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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–$2.1M; 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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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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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 — Solace Care offers AI-powered end-of-life planning and loss support, integrated with insurance and workplace benefits.
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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: 55
  • Round size: Seed $1.1M–$9.5M; Series A $5.1M–$27M; Venture - Series Unknown $2M–$19M
  • Lead/follow: 60% lead, 40% follow
  • Last fund: Likely still investing — fund raised in 2024

Portfolio highlights

  • 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.
  • InSpacePropulsion Technologies — Cost-effective, robust, and quickly available propulsion solutions, based on 10+ years of R&D and 40 years of combined experience in space propulsion.
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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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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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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, Health Care, Energy
  • Stage:Debt Financing, Post-IPO Debt
  • Geography: France, Germany, The Netherlands

Investor stats

  • Total investments: 587
  • Round size: Post-IPO Debt $18M–$587M; Debt Financing $16M–$370M
  • Lead/follow: 83% lead, 17% follow

Portfolio highlights

  • Wandercraft — Self- balancing and hands free movement with the innovative self-balancing feature, Atalante allows for multi-tasking and cognitive involvement as part of treatments.
  • Santander Brasil — Banco Santander in Brazil, its largest division in Latin America and one of the world's most important, accounting for 50%.
  • Skyborn Renewables — Skyborn Renewables develops, builds, and operates offshore wind projects across the full lifecycle. The company identifies sites, secures permits, structures financing, and manages engineering, procurement, and construction. Its teams plan grid connections and deliver operations and maintenance for utility-scale assets. Skyborn Renewables alsoprovides asset management, health and safety oversight, and environmental monitoring throughout project life. Services include offtake strategy and power sales support, stakeholder engagement, and supply chain coordination. The portfolio covers greenfield development, joint ventures, and acquisitions, with capabilities from early-stage studies to long-term operation. Technology work spans turbine selection, foundation design, cable layout, and digital performance analytics. Skyborn Renewables collaborates with partners to expand renewable generation and enable electrification through offshore wind energy.
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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: Likely still investing — 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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822 industries, 177 countries. Updated daily. Emails and phones included.

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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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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: 99
  • 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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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 $127k–$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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Tiny Supercomputer Investment Company
VC Fund · San Francisco, California, United States · 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: 196
  • Round size: Seed $1.2M–$8M; Pre-Seed $750k–$3.5M; Series A $7M–$37M
  • Lead/follow: 1% lead, 99% follow

Portfolio highlights

  • AUDIOGEN — Generate your sounds with AI. Create an infinite world of sounds - sound effects, samples, and music, instantly. Get Started Free.
  • 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.
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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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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: 138
  • Round size: Seed $1.9M–$12M; Series A $5M–$28M; Series B $6M–$35M
  • Lead/follow: 41% lead, 59% 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.
  • Behavox — Behavox is an enterprise platform that unifies all types of data into a single data lake, allowing users to query the data and apply machine learning to identify capital markets misconduct and insider threats.Separate Behavox installations form the network defence that aggregates misconduct detection algorithms. The network then uses machinelearning and AI to optimise detection algorithms and suggest new ones. This innovation enables the “brains” to the system to continuously improve and evolve.Complex, high-load and sophisticated engineering is at the core of all the products that Behavox develops to enable deployment at the largest institutions in financial services. They are taking cutting-edge academic research and applying it to enterprise problems that require complex backend engineering with large-scale production footprint.
  • 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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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
  • Geography: Germany, United States, Israel

Investor stats

  • Total investments: 102
  • Round size: Seed $1.3M–$5M; Series A $3.4M–$18M
  • 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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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: Software, Information Technology, Artificial Intelligence
  • 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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Redstone.VC
VC Fund · Berlin, Berlin, Germany · 2 investments in Finland Machine Learning startups, 23 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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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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Ugly Duckling Ventures
VC Fund · Copenhagen, Hovedstaden, Denmark · 2 investments in Finland Machine Learning startups, 9 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, Information Technology, Artificial Intelligence
  • Stage:Seed, Pre-Seed, Venture - Series Unknown
  • Geography: Denmark, Sweden, Finland

Investor stats

  • Total investments: 24
  • Round size: Seed $876k–$5.5M; Pre-Seed $917k–$1.7M; Venture - Series Unknown $1.1M–$7.5M
  • Lead/follow: 58% lead, 42% 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.
  • Palette — Palette is a model-agnostic operating system designed for AI-native teams to work collaboratively with AI agents.
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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, Fashion
  • Stage:Seed, Angel, Pre-Seed
  • Geography: Finland, Germany, United States

Investor stats

  • Total investments: 8
  • Round size: Seed $159k–$680k
  • Lead/follow: 25% lead, 75% 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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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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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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Juha Vartiainen
Angel · Helsinki, Southern Finland, Finland · 1 investments in Finland Machine Learning startups

Juha Vartiainen is the co-founder and chief operations officer of IQM. He has more than ten years of R&D expertise from industry, especially in software development. He holds a PhD in quantum computing.

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Investment focus

  • Industry: Machine Learning, Enterprise Software, Artificial Intelligence
  • Stage:Pre-Seed
  • Geography: Finland

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

Portfolio highlights

  • 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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J12
VC Fund · Stockholm, Stockholms Lan, Sweden · 1 investments in Finland Machine Learning startups

J12 is a thesis-driven venture capital firm partnering early with technical founders across Europe to build category-defining data and AI companies across infrastructure, tooling, and domain-specific applications

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Investment focus

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

Investor stats

  • Total investments: 54
  • Lead/follow: no public data

Portfolio highlights

  • Ostrom — We make energy fair, smart and green - one flexible monthly plan with no hidden fees, digital-first and 100% renewable energy.
  • DataCrunch.io — DataCrunch is a cloud service provider which facilitates utilization and integration of state of the art AI/ML models
  • IPercept — At IPercept we provide AI-based, hardware-enabled software solutions and services that can best be described as the fitness tracker for complex industrial machines. At the push of a button, you can learn about a machines’ health, down to micrometer changes for each critical component. You can get insights into what maintenance activities you shouldapply and when. You can monitor how the machines are operated, how to optimize their utilization and much more. All of this is achieved through a plug-n-play installation - for old machines as well as new. All securely provided without requiring access to any machine controllers or IT-systems. These services reduce maintenance costs, downtime and increase productivity - a solid ROI for our customers. In 5 years, most complex industrial machinery sold in the world will be supported by our technology.
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The Nordic Web Ventures
VC Fund · Copenhagen, Hovedstaden, Denmark · 1 investments in Finland Machine Learning startups

The Nordic Web Ventures is an Angel Fund run by Neil S W Murray, backed by 50+ community builders, entrepreneurs and investors passionate about supporting early-stage Nordic startups.

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Investment focus

  • Industry: Software, SaaS, Information Technology
  • Stage:Pre-Seed, Seed, Angel
  • Geography: Denmark, Norway, Sweden

Investor stats

  • Total investments: 20
  • Lead/follow: no public data

Portfolio highlights

  • Steep — Business intelligence for modern companies. Steep lets anyone on your team stay on top of your data.
  • All Gravy — Butter gives you happier employees, by reducing their financial stress and giving them an understanding of their salary and financial situation
  • 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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Visionplus
VC Fund · Helsinki, Southern Finland, Finland · 1 investments in Finland Machine Learning startups

WE HELP YOU TO GROW FASTER!

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Investment focus

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

Investor stats

  • Total investments: 74
  • Lead/follow: no public data

Portfolio highlights

  • Pebble — Pebble is a electric vehicle manufacturing startup.
  • Transfluent — Professional translations for all business needs. Fast. Easy.
  • 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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Innovestor
VC Fund · Helsinki, Southern Finland, Finland · 1 investments in Finland Machine Learning startups

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

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Investment focus

  • Industry: Software, Health Care, Manufacturing
  • Stage:Seed, Series A
  • Geography: Finland, Denmark, Sweden

Investor stats

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

Portfolio highlights

  • Aplagon — Aplagon is committed to bringing unique, effective antithrombotic medicines with important safety advantages to patients with unmet needs.
  • Bahn Express — Bahn Express is a global car transportation company that supports independent contractors while offering quick and easy auto shipping throughout Europe.
  • Tribune Therapeutics — Tribune Therapeutics is a preclinical biopharmaceutical company building a promising pipeline of novel medicines to treat patients with a wide range of fibrotic diseases. It was founded in 2020 with funding from HealthCap and Novo Seeds.
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AINS Ventures
VC Fund · Tampere, Western Finland, Finland · 1 investments in Finland Machine Learning startups

AINS Ventures is an investment firm.

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Investment focus

  • Industry: SaaS, Software, Construction
  • Stage:Seed
  • Geography: Finland

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

Portfolio highlights

  • Caidio — Caidio is here to maximize the quality and productivity of global concrete construction by top notch AI technologies We help our customers increase quality, decrease construction time, and cut cost.
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Ilkka Hiidenheimo
Angel · Helsinki, Southern Finland, Finland · 1 investments in Finland Machine Learning startups

Ilkka Hiidenheimo is the CEO of Sharper Shape.

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Investment focus

  • Industry: Industrial, Manufacturing, Nanotechnology
  • Stage:Pre-Seed
  • Geography: Finland

Investor stats

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

Portfolio highlights

  • Picosun — Picosun is the leading manufacturer of Atomic Layer Deposition (ALD) reactors for micro- and nanotechnology applications. Picosun provides the customers with versatile, reliable, and user-friendly ALD process tools, which offer world leading process quality and unique scalability from basic research to fully automated high throughput industrialproduction. Picosun is based in Espoo, Finland, its production facilities are located in Masala (Kirkkonummi), Finland, its US headquarters in Detroit, Michigan, and its Asian headquarters in Singapore. PICOSUN™ ALD process tools have been installed in various prominent industries and high-level reasearch organizations across Europe, USA, Asia and Australia. Picosun has world-wide sales and support network with distributors and representatives in over 30 countries.
  • 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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ADB Ventures
VC Fund · Mandaluyong, Cavite, Philippines · 1 investments in Finland Machine Learning startups

We invest to scale up climate solutions in emerging Asia. We back bold technology startups with solutions that transform lives and impact society. And we remain their long-term partners.

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Investment focus

  • Industry: Artificial Intelligence, Machine Learning, Logistics
  • Stage:Seed, Series A, Series C
  • Geography: India, Singapore, United States

Investor stats

  • Total investments: 57
  • Lead/follow: no public data

Portfolio highlights

  • Alternō — Alternō was founded with a vision to create Asia's first low-cost thermal energy storage solution for renewable energy, to be deployed widely across the region by 2050. Alternō received early stage funding from Antler VC in Jan 2023 to kick off the research & development.
  • Nibertex — Discover the world's most breathable and waterproof PFAS-free membrane by Nibertex. Eco-friendly innovation with top performance. Start your journey today!
  • Blitz Electric Mobility — Blitz provides electric vehicles and fleet management software to food and beverage delivery, courier, and logistics companies.
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Jan Valkonen
Angel · 1 investments in Finland Machine Learning startups

A strong desire to build something new or improve an existing one, love to dare dead practices to maintain competitiveness in an ever-changing environment.

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Investment focus

  • Industry: Software, Career Planning, Human Resources
  • Geography: Finland

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

Portfolio highlights

  • ForteAI — ForteAI is only a fully automated resume and AI-hive-driven platform to change Talent Management
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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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DCVC
VC Fund · San Francisco, California, United States · 1 investments in Finland Machine Learning startups

We are deep tech venture capital.

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Investment focus

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

Investor stats

  • Total investments: 491
  • Round size: Seed $1.1M–$9.1M; Series A $5.8M–$45M; Series B $15M–$130M
  • Lead/follow: 23% lead, 77% follow
  • Last fund: Likely actively investing — fresh fund, raised $5M in 2026

Portfolio highlights

  • CH4 Global — CH4 Global is an aquaculture solutions provider dedicated to urgently impacting climate change at scale. Lead by a world-class team of senior business builders, scientists and entrepreneurs, the company is initially leveraging proven science and technology for growing seaweed into innovative new livestock supplement that reduces methane produced bycows by up to 90%. Among early investors are a select group of prominent family offices and private investors. CH4 Global have also received non-dilutive capital support from government organizations from around the world. CH4 Global is a Delaware corporation based in Henderson, NV.
  • Regent — We build all-electric, passenger-carrying, wing-in-ground-effect vehicles to service coastal routes with technology available today.
  • Callosum — Callosum - Co-evolving chips & intelligence
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Juha Paananen
Angel · 1 investments in Finland Machine Learning startups

Juha Paananen - CEO & Co-Founder @ Soba

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Investment focus

  • Industry: Gaming, Health Care, Video Games
  • Stage:Seed, Pre-Seed, Angel
  • Geography: United States, Finland, Singapore

Investor stats

  • Total investments: 15
  • Round size: Seed $424k–$3.4M; Pre-Seed $1.2M–$2M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Fondo — Fondo is an all-in-one accounting platform for startups. We'll handle your bookkeeping, tax, and tax credits so you can focus on building your startup.
  • Zoe Studios — Zoe Studios is a mobile gaming company specialising in unique puzzle games, with a goal of making chess more accessible and enjoyable for casual players.
  • Campfire (YC W22) — Start having fun with your remote friends with Campfire.
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Machine Learning Investor funding in Finland at a glance

Stats across 136 deals from 168 investors.

168
investors
in Finland Machine Learning startups
136
deals
in Finland Machine Learning startups
$1.1M
median round
in Finland Machine Learning startups
38%
lead investors
lead at least one round
38%
Seed
most common funding stage
77/23
VC / Angel
share of investor count

Access all 168 investors in Finland Machine Learning startups.

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