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Top 50 Manufacturing Startup Investors in Finland

Last updated: Apr 2024 A list of 50 angel investors and VC funds that invest in Manufacturing startups based in Finland. We rank investors based on the number of investments they made in Manufacturing companies from Finland. We update this investor list every month.

Top 50 Manufacturing Startup Investors in Finland

Investor	Manufacturing Finland investments
Tesi	18
Finnvera Venture Capital	11
Butterfly Ventures	11
Inventure	10
Lifeline Ventures	9
Business Finland	7
Redstone	7
Innovestor	6
Ali Omar	5
Visionplus	4
VNT Management	4
VTT Ventures	4
Voima Ventures	3
Leena Niemistö	3
Glyn Eggar	2
Veli-Pekka Saarnivaara	2
Hannu Turunen	2
CapMan	2
Innovations Kapital	2
Nordic Option	2
VIA Equity	2
Taaleri	2
Maki.vc	2
Nidoco	2
Aura Group	2
Ventech	2
LähiTapiola	2
Metsa Spring	1
Renaldas Zioma	1
Ben Feder	1
Pontos Group	1
Goldacre	1
Stephen Industries	1
Ilkka Paananen	1
Norsepower Oy	1
Lauri Rosendahl	1
Übermorgen Ventures	1
Sebastien Borget	1
Etera	1
Green Campus Innovations	1
Fennia Group	1
Building Ventures	1
Nina Capital	1
Nicoya	1
Viventures	1
FIH Mobile	1
Trung Nguyen	1
Suffice International	1
Secto Design	1
PC Rettig & CO Impact	1

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Investor list

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

Investment focus

Software, Manufacturing, Health Care
Funding Round, Series A, Series B
Finland, United States, Argentina

Portfolio highlights

Measurlabs — We provide testing services for any material, product, or chemical, helping product developers and quality managers get the information they need about their products.
Algorithmiq — Algorithmiq utilizes its expertise in quantum information, complex systems, and computational physics to develop algorithms to develop new and effective drugs, solve problems in life sciences, and discover new materials.
Carbo Culture — We are a project developer with proprietary climate technology. We are building a rapidly scalable biochar carbon removal solution.

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

Investment focus

Software, Health Care, Information Technology
Seed, Funding Round, Series A
Finland, United States, Switzerland

Portfolio highlights

Enfuce — Enfuce is a cloud-based financial services provider that specializes in card issuing and payment processing services. It helps banks, fintech, and financial institutions become and remain fully PSD2 compliant, and helps them give third-party service providers access to digital accounts.The company was founded in 2016 and is headquartered inEspoo, Finland.
Nordcloud — Nordcloud is a European leader in public cloud infrastructure solutions and cloud-native application services. Since 2011 we have completed more than 500 deployments to help our enterprise customers gain the maximum benefits of the cloud, including security, agility, scalability and overall cost-savings.
Aurealis Pharma — Multi-target cell and gene therapies for unmet medical needs. Developing therapies for chronic wounds, cancer and inflammatory diseases.

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.

Investment focus

Health Care, Software, Information Technology
Seed, Funding Round, Pre-Seed
Finland, Sweden, Norway

Portfolio highlights

RiACT — Software for robots. Real-time development platform for creators and users of flexible robot applications.
Embedl AB — Efficient Deep Learning by Deep Learning model optimization
EmbeDL — Efficient Deep Learning for Embedded Systems

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

Investment focus

Software, Information Technology, Mobile
Seed, Series A, Series B
Finland, Sweden, Denmark

Portfolio highlights

Leya AI — Feel and sound like an English native in 3 months
UltiHash — Data powers breakthroughs. UltiHash is the storage foundation to accelerate them: blazing fast, highly efficient, and built for sustainable long-term growth.
Reveel — Say goodbye to paper maps, brochures, and outdated audio guides. Reveel offers digital solutions for destinations such as UNESCO sites, sights, museums, cities, hotels and parks, taking the visitor experience to the next level. Become part of the smart destination movement, enhance the visitor experience, and discover the future of travel.

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.

Investment focus

Software, Health Care, E-Commerce
Seed, Series A, Funding Round
Finland, United States, United Kingdom

Portfolio highlights

Mjuk — Marketplace for pre-owned, unique design furniture
Risk Ledger — Risk Ledger ensures your supply chain security by providing tools to run and respond to cyber security-led, third-party risk management programmes at scale.
Solar Foods — The Finnish company Solar Foods Oy produces an entirely new kind of nutrient-rich protein using only air and electricity as the main resources. The goal of the company is to start commercial production of the environmentally revolutionary protein in 2020.Solar Foods’ concept redefines the basics of food production, as it is not dependent onagriculture, the weather, or the climate. The price of the protein product is also competitive compared to sources such as soy protein.

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.

Investment focus

Software, SaaS, Information Technology
Seed, Grant, Funding Round
Finland, United States, United Kingdom

Portfolio highlights

Teamspective — Teamspective's SaaS solution helps companies create culture of performance and wellbeing in their organization through - Actionable and real-time visibility to employee wellbeing and effectiveness of teams' collaboration - Replacing heavy 360 feedbacks with timely collection of high quality feedback that activates personal development -Modernizing performance evaluations with a process that takes only minutes per employee and eliminates rater bias - Understanding organization's dynamics through ONA surveys that are 10x faster and cheaper than consulting-driven versionsTeamspective's customers have 2x higher amount of employees satisfied with the feedback they receive.
Supersight — 100% privacy preserving mobile app for people counting, revolutionising real world business process automation. A Finnish high-tech product is most efficient method on the market for counting the number of people in a space with our AI technology, ensuring complete privacy and a productive environment for all. Customers in Finland and France.
Linio Biotech Ltd — Science by nature, Inspired by biology, driven by curiosity. We redefine skin regeneration.

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

Investment focus

Software, Information Technology, Health Care
Seed, Series A, Funding Round
Germany, Finland, Switzerland

Portfolio highlights

Hiboo — Hiboo is data infrastructure platform that helps you collect, control, and visualise your equipment data.
Chipmetrics — Test chip, test elements and test wafer business concept builder for advanced materials and microelectronics manufacturing. Expert in thin film conformality characterization. Mission is to accelerate applications of conformal 3D thin films. Main product line: PillarHall test chips.
Multiverse Computing — World leaders in quantum computing for the financial industry. The first quantum & quantum-inspired toolbox for finance.

Welcome to Innovestor! We are a Finnish investment company focusing on venture capital, corporate venturing services, and real estate.

Investment focus

Health Care, Software, Manufacturing
Seed, Funding Round, Series A
Finland, Denmark, Sweden

Portfolio highlights

Capalo AI — We maximize the value of your energy storage systems. Now and in the future.
Kausal — Kausal helps cities turn their climate goals into action through a digital platform that enables smarter collaboration around key data.
Teitur Trophics — Teitur Trophics is a biotech company developing circular peptides for neurodegenerative diseases. The company was founded in 2020 and is headquartered in Aarhus, Denmark.

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

Investment focus

Software, SaaS, Artificial Intelligence
Seed, Pre-Seed, Angel
Finland, United States, Estonia

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.
Builderhead — Builderhead is a construction management software designed for real estate developers and general contractors. The software combines project development, procurement, and construction management into a streamlined pipeline. We bring an industry spesific Project Development CRM, Bid Management Tools and Project Management Software in one easy-to-useplatform which integrates easily with other most used software in the industry. Even thought the construction industry accounts for 13% of the world’s GDP, there's been a global problem of poor productivity within the industry as productivity growth has increased only 1% over the past 20 years. From the real estate developers and general contractors point of view, the biggest issue is the projects that turn unprofitable unexpectedly. One unprofitable project destroys the whole year profits and another one can bankrupt the entire company. Most of the decisions that affect the success of a project are made before construction begins, but still there are no smart tools available for that stage to help the construction companies avoid unprofitable projects. We solve this global problem by bringing the most critical steps to the success of a construction project on the same platform.

WE HELP YOU TO GROW FASTER!

Investment focus

Software, Information Technology, Internet
Seed, Funding Round, Series A
Finland, United States, United Kingdom

Portfolio highlights

Pebble — Pebble is a electric vehicle manufacturing startup.
Transfluent — Professional translations for all business needs. Fast. Easy.
BetterDoctor — BetterDoctor helps validate and deliver accurate provider data to health plans, health systems, and hundreds of other companies via its API — from startups to publicly traded ones. This ultimately helps achieve the mission of helping consumers find the healthcare they need.Today, BetterDoctor's data platform and APIs power 9 health plans,350 companies, 1,500 developers, helping millions of people find the right doctor each month. Health Plans BetterDoctor uses multi-modal outreach to drive providers to attest their information on BetterDoctor's online portal. API PartnersBetterDoctor brings transparency to doctor data. Their real-time platform, master database and API services enable everyone to add doctor data to their systems, websites and applications. Today, BetterDoctor API and data tools power health insurance companies, healthcare startups and doctor search tools. https://betterdoctor.com/developers

VNT Management is a venture capital management company that offers its services to investors and entrepreneurs.The company offers investors with 3 venture capital funds, all of which focus on clean technology. Furthermore, it offers an IRR of 25% and a position in the top quartile of European venture capital funds. Entrepreneurs are offered withsupply management, business idea, application, and product concept development, and technology scanning and evaluation services.VNT Management was founded in 2002 and is based in Finland.

Investment focus

Manufacturing, Electronics, Information Technology
Funding Round, Series B, Seed
Finland, Germany

Portfolio highlights

Visedo — Danfoss Editron specializes in hybrid and electric powertrain systems for off-highway and marine markets.
WeSustain — WeSustain develops and sells web-based software for enterprise sustainability management. The company’s ESM software is a management support system that helps companies go green and manage products, processes, and technologies in an environment-friendly manner.WeSustain’s ESM software enables the clients to establish a software-supported ESMsolution, as well as manage, improve, and report their ESM performance on a global basis while mitigating sustainability risks. The company was founded in 2010 and is based in Buxtehude, Germany.
Cajo Technologies — Our turnkey laser marking solutions for traceability and product markings are easy to use and optimized for industrial production processes.

VTT is a powerhouse of technology development and scientific research. Many of the most significant Finnish technology start-ups were brought to life at VTT. Do you want to invest in ongoing ventures?

Investment focus

Manufacturing, Biotechnology, 3D Technology
Seed, Funding Round, Series A
Finland

Portfolio highlights

Dispelix — See-through, full color waveguide combiners for a wide range of XR applications. From near-eye to head-up.
Solar Foods — The Finnish company Solar Foods Oy produces an entirely new kind of nutrient-rich protein using only air and electricity as the main resources. The goal of the company is to start commercial production of the environmentally revolutionary protein in 2020.Solar Foods’ concept redefines the basics of food production, as it is not dependent onagriculture, the weather, or the climate. The price of the protein product is also competitive compared to sources such as soy protein.
Infinited Fiber Company — Infinited Fiber Company is a Finnish biotech founded in 2016 to commercialize a breakthrough recycling technology that can turn cellulose-rich raw materials – like cotton-rich textile waste, used cardboard, or wheat or rice straw – into high-quality textile fibers with the look and feel of cotton. The patented technology has been validated byleading brands and is ready to be scaled. Infinited Fiber Company won the Europas 2020 Hottest Sustainability Tech Award, and was listed on the Global 50 to Watch by Cleantech Group in 2019. In 2016 Infinited Fiber Company was selected into WWF’s Climate Solver network. The company is headquartered in Espoo, Finland.

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.

Investment focus

Biotechnology, Software, Health Care
Seed, Pre-Seed, Funding Round
Finland, Sweden, Norway

Portfolio highlights

n-Ink — n-ink provides n-type ink formulations compatible with solution-deposition processes for Printed Electronics, Internet of Things and Bioelectronics.
Kuva Space — Kuva Space improves life on Earth through daily, space-borne hyperspectral imaging and AI. We offer Earth observation solutions for more sustainable business.
The Human Touch Robotics — Automating online grocery and food related goods picking with single-item picking robots, through adaptive gripping and AI vision system.

Leena Niemistö

Investment focus

Health Care, Software, E-Commerce
Seed, Funding Round, Pre-Seed
Finland, United States

Portfolio highlights

#Rens — 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.
Vapaus — A circular economy startup Vapaus provides sustainable mobility solutions – Employee benefit bicycles and shared electric vehicles as a ready-to-use serviceWith its services, Vapaus supports customers’ to create and strengthen a better experience of the work community, to save on the costs of commuting and business travels, and to move towardssmarter and more environmentally friendly modes of transport, both at work and in employees’ leisure time.Every kilometer traveled by the Vapaus mobility solution removes carbon dioxide from the air, helping not only the environment but also customers on their way to carbon neutrality. The mission of Vapaus is to be a global leader when it comes to sustainable Corporate Mobility.
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.

Glyn Eggar

Investment focus

Gaming, Software, 3D Printing
Seed
Finland

Portfolio highlights

3DBear — 3DBear combines immersive technologies and education for the best learning results Augmented reality (AR), Virtual Reality (VR), 360-photos & 3D printing.

Veli-Pekka Saarnivaara

Investment focus

Gaming, Software, 3D Printing
Seed
Finland

Portfolio highlights

3DBear — 3DBear combines immersive technologies and education for the best learning results Augmented reality (AR), Virtual Reality (VR), 360-photos & 3D printing.

Hannu Turunen is the Member of the Board of Exalocus. He was a Board Member at Men&Mice.

Investment focus

SaaS, Manufacturing, Artificial Intelligence
Funding Round, Seed, Pre-Seed
Finland, Sweden, United States

Portfolio highlights

Naava — Naava helps you to make safer and healthier indoor spaces - experience Naava green wall, a striking combination of nature and high-end technology.
Cargofy — Cargofy it's a mobile assistant, kind of a "Siri" but for truck drivers. We help truckers access to high paying loads through our app, and receive discounts on fuel, maintenance, and truck parts.
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.

CapMan is a leading Nordic private assets management and investment company. They have built value in unlisted businesses, real estate and infrastructure for 30 years. They serve investors in the private assets class on a broad scale. Their roots are Nordic but their handprint and their networks are international.At CapMan, they build betterorganised, managed, and financially stable companies, because this contributes to overall economic well-being. More jobs and innovations equal better conditions for the society. Similarly, they invest in real estate and infrastructure, because they believe that functional high-quality environments and utilities are cornerstones for functioning societies.

Investment focus

Software, Information Technology, Manufacturing
Private Equity, Funding Round, Series B
Finland, Russian Federation, Sweden

Portfolio highlights

Napier AS — Napier in the terms of the fish offers sustainable transportation for the entire globe. Napier provides for farmers that require lucrative, environmentally friendly transportation of farmed fish from the cage to the slaughterhouse.
Serverius — The company Serverius provides supporting IT infrastructure services.
fuZion A/S — Datacenter and infrastructure provider

InnovationsKapital was founded in 1994 and is a leading independent venture capital firm for innovative growth companies in the Nordic region. The business, carried out from offices in and Stockholm, Gothenburg and New York, is focused on investments within ICT and Healthcare & Life Sciences, dynamic sectors that are rapidly expanding and whereNordic research plays an important role. The capital is provided by highly reputable Swedish and international institutional investors.

Investment focus

Biotechnology, Health Care, Software
Funding Round, Series B, Series C
Sweden, Denmark, United States

Portfolio highlights

Silecs — PiBond manufactures materials used in electronic devices, including patterning materials for semiconductors and optical materials. We also develop complete solutions that allow our clients to focus on creating innovative products.
SantoSolve — SantoSolve is developing topical analgesic products based on non-radioactive strontium as the active substance. The Development program was initiated based on experimental clinical use of strontium-based products showing evidence of strong local analgesic effects on several localized pain conditions of both nociceptive and neuropatic origin. Nosignificant adverse effects associated with the treatment was reported.The companyâ€™s lead product, 2PX, is topically administered, utilizing dermal penetration enhancers for delivery of the active agent to its subdermal site of action. Phase I safety and pharmacology studies showed the active agent to have low systemic bioavailability, and only few and minor adverse effects were observed at the site of administration. In open label Phase II clinical trials, the product has shown strong analgesic effect in both nociceptive and neuropatic pain conditions. In follow up, placebo controlled trials, the analgesic effect of the product has been further documented. In the companyâ€™s most advanced pain indication under study, osteoarthritis, the company has recently completed the Phase II program.These trials supports the open label results and document statistically that the analgesic effect in patients treated with 2PX is superior to that observed with placebo treatment.
Action Pharma — Action Pharma A/S operates as a research and development focused biotechnology company. It discovers and develops new drugs and treatment concepts to treat cardiovascular disease and inflammatory diseases, as well as metabolic diseases, such as type-II diabetes and obesity. The company's product pipeline includes AP214, a modifiedÃMSH-peptide analogue for the treatment of post-surgical kidney injury associated with cardiac surgery; and AP1030 and AP11 series, oral anti-diabetic (OAD) for the treatment of type-II diabetes associated with overweight/obesity. Its product pipeline also comprise AP1189, an oral anti-inflammatory compound for the treatment of inflammatory diseases, such as inflammatory bowel disease and rheumatoid arthritis; and AP405, a modified MSH peptide analogue for the treatment of inflammatory skin diseases, such as atopic dermatitis. The company was founded in 2000 and is based in Holte, Denmark.

Nordic Option is a private equity fund focusing its investments on growth companies. It provides capital investments in small and medium-sized growth companies that have already established themselves in Northern Finland. The fund's investment strategy includes the possibility to make up to 5 early-stage growth investments with one millioneuros.The firm's value of investments in portfolio companies is approximately EUR 10 million and the value of loans granted is approximately EUR 1 million.

Investment focus

Software, Manufacturing, 3D Technology
Funding Round, Seed, Series C
Finland

Portfolio highlights

Haltian — End-to-end IoT solutions and world-glass product design services from Haltian
SensorFu — SensorFu detects new network leak paths before they are exploited. If you're required to operate isolated networking environments, SensorFu helps you to anwer question: is my network isolation working as intended? Leaks from isolated network segments can be a result of human error or malice, and they may violate security policies orcontractual obligations. SensorFu automates previously manual audit checks, and it empowers IT- and IT security ops to ensure continuous network, and network segment isolation that meets their mission specific policies and regulatory requirements. SensorFu Beacon is available as virtual appliance, software application and as hardware appliance.
Brightplus — Brightplus is an innovative renewable materials manufacturing company from Finland. We specialise in design and development of new functional properties for industrial biomaterial solutions. We cater for industries like packaging, construction, cosmetics and consumer goods. Our expertise is based on developing solutions to multiple industries andproviding fast prototyping and full fit for customers’ production lines. Our deep chemical BrightBio® technology creates an optimal fit between coatings, barriers and plastic replacing materials to help you in raising your material functionality to the next level.

VIA equity is a leading Northern European Multi-stage private equity firm with an excellent track record of building and transforming their investments into national and international industry leaders. Their core investment focus is within a broad definition of the TMT/ICT and Services industries but they consider investments in a wide rangeof sectors.

Investment focus

Software, Manufacturing, Information Technology
Funding Round, Private Equity
Finland, Denmark, Iceland

Portfolio highlights

Nets — We help financial institutions, businesses and merchants make tomorrow easier for their customers while delivering unrivalled security and stability.
Advania — Advania is a leading company in the field of information technology and provides customers with reliable advice and services. They have solutions in all areas of information technology and customers can apply to their individual solutions or integrate its services. Among their customers are large companies and institutions. They're in closecooperation with many international IT companies, such as Dell EMC, Microsoft, Oracle, SAP Business Objects and VeriSign. Their business is certified under ISO 27001 is an international standard for information security. They are proud of Their professionalism, clear communication and the mutual benefits created in collaboration with their customers and suppliers.
Dolphin Software — I found a great domain name for sale on Dan.com. Check it out!

Taaleritehdas Wealth Management is helping all Finns see the advantages of ownership and find their own way to own.

Investment focus

Financial Services, FinTech, Lending
Funding Round, Seed, Pre-Seed
Finland, Kenya

Portfolio highlights

Rester — Rester is a Finnish company enabling the recovery of business textiles into a new textile fibre and quality raw material.
Betolar — Betolar is a new materials startup specialized in new geopolymer-based carbon-neutral construction materials for the construction industry and circular economy.
Woodly Oy — Woodly® is an entirely new type of wood-based packaging material that can be used to substitute traditional fossil-based plastics. Woodly is recyclable can be made into transparent and flexible packaging, and the material mimics the best qualities of traditional plastics.

Maki.vc is an early-stage venture capital firm partnering with deep tech & brand-driven startups obsessed with challenging category norms.

Investment focus

Software, E-Commerce, Information Technology
Seed, Series A, Funding Round
Finland, Germany, United Kingdom

Portfolio highlights

Enfuce — Enfuce is a cloud-based financial services provider that specializes in card issuing and payment processing services. It helps banks, fintech, and financial institutions become and remain fully PSD2 compliant, and helps them give third-party service providers access to digital accounts.The company was founded in 2016 and is headquartered inEspoo, Finland.
CardioSignal — Access information about your heart health in just one minute using your phone.
Magic Feedback — Magic Feedback is an AI business creating a platform that compiles user reviews into one location and analyzes everything automatically using its own AI.

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

Investment focus

Health Care, Software, Artificial Intelligence
Seed, Funding Round, Series B
Finland, Sweden, Estonia

Portfolio highlights

Anocca — Anocca AB provides services like Biotechnology, Immunotherapeutics, Drug Discovery, Drug Development, Immunology.
Spiral — Easily make a difference every day
Infinited Fiber Company — Infinited Fiber Company is a Finnish biotech founded in 2016 to commercialize a breakthrough recycling technology that can turn cellulose-rich raw materials – like cotton-rich textile waste, used cardboard, or wheat or rice straw – into high-quality textile fibers with the look and feel of cotton. The patented technology has been validated byleading brands and is ready to be scaled. Infinited Fiber Company won the Europas 2020 Hottest Sustainability Tech Award, and was listed on the Global 50 to Watch by Cleantech Group in 2019. In 2016 Infinited Fiber Company was selected into WWF’s Climate Solver network. The company is headquartered in Espoo, Finland.

Aura Group is a financial services company operating out of Australia and Singapore that provides tailored wealth and funds management solutions across the Asia Pacific region. Our vision is to build trust that lasts generations.

Investment focus

iOS, Blockchain, Information Technology
Funding Round, Series A, Seed
Australia, Finland

Portfolio highlights

InStitchu — InStitchu is an online custom clothier specializing in tailor made menswear. Customers are able to design custom made garments online which are then made to their exact measurements.InStitchu provides tailor made, high quality menswear through a simple online ordering process. Once a customer has added measurements to their profile, a suit orshirt can be ordered in a few minutes and on its way in two weeks. There are multiple ways for a customer to get their measurements perfected and enjoy that “perfect fit” InStitchu customers keep coming back for - our measurement guide will take you on a journey from your living room to the hustle and bustle of our tailor’s studio. Customers can choose from a wide range of globally sourced high quality wool and cotton fabrics, and when you’ve chosen, we’ll deliver your design right to your door. This new approach to shopping is stress free and cuts out the middleman, allowing us to deliver customers luxury tailor made suits and shirts without the high price tag.
Lygon — Lygon operates as a blockchain banking start-up. The Lygon platform is an industry solution that streamlines the bank guarantee process for everyone.
Global Reviews — Prioritised, enterprise-wide decision making, based on digital intelligence and customer centric research. Learn how Global Reviews can help your business here.

On-the-ground expert investors in early-stage digital. Ready to meet you, wherever you are.

Investment focus

Software, E-Commerce, Biotechnology
Series A, Series B, Funding Round
France, Germany, United States

Portfolio highlights

Treon — The foundation for massive IoT
Farmitoo — Farmitoo is an online purchase of farm equipment directly from manufacturers.
Firecell — Firecell enables industrial companies to deploy and operate their own Open RAN 5G Private Network solutions.

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

Investment focus

Manufacturing, Apps, Health Care
Debt Financing, Funding Round, Seed
Finland

Portfolio highlights

Enfuce — Enfuce is a cloud-based financial services provider that specializes in card issuing and payment processing services. It helps banks, fintech, and financial institutions become and remain fully PSD2 compliant, and helps them give third-party service providers access to digital accounts.The company was founded in 2016 and is headquartered inEspoo, Finland.
OVObots — AI Robots Oy designs, manufactures and sells social assistant robots, software, services and related intangible rights.Business Sectors EduTech (2018) OVObots - Assistant Robots for teachersHealth tech (2019) OVObots - Assistant robots for elderly people.ServTech (2020) OVObots - Assistant robots for customer service.----Our firstproduct on sale is OVObots - robot assistant for teachers.It ask math related questions from kids.Teaching and observing utilizing speech recognition, NLP and intelligent question processing.We have developed and manufactured robot and software. Our own teaching program is developed in co-operation with Finnish teachers and it follow the Finnish curriculum that is best in the world.The product is intended for preschools and elementary schools.It can adapt to the child's skill level and the teacher can track progress on their computer.
Altum Technologies — Minimize production stops and expenses due to fouling and scaling. Discover Altum's ZPD ultrasound fouling mitigation solutions for zero process downtime.

Metsä Spring is the venture capital arm of Metsä Group. We invest globally in promising startups that have a link to wood or forestry. In addition to financing, we also provide access to Metsä Group’s global network and expertise.

Investment focus

Cosmetics, Medical, Chemical
Seed, Series A
Finland, Sweden

Portfolio highlights

Adsorbi — Adsorbi develops a novel biomaterial based on cellulose.
Fiberwood — Fiberwood is a new eco-friendly wood fiber insulation that can be used for a variety of purposes. Fiberwood has excellent insulating properties, is entirely bio-based, and thus contains no plastic or other fossil-based materials.
Montinutra — Montinutra develops and commercializes bioactive compounds from secondary material flows in forest industrial processes to be applied in developing novel solutions in cosmetics, food, and beverage and technical chemical industries. They produce sprucegum from sawdust, which is a commercially relevant, underutilized forest industry side stream.

Renaldas Zioma

Investment focus

Artificial Intelligence, Manufacturing, Information Technology
Seed, Angel, Pre-Seed
Finland, Ukraine, Lithuania

Portfolio highlights

#Rens — 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.
Zibra AI — Zibra Liquids is a real-time and cross-platform physically correct fluid simulation plugin for game developers
Perfection42 — Perfection42 empowers creators to reach Unlimited Quality with custom Artificial intelligence tools without a single line of code.

Ben Feder is an accomplished and creative and entrepreneur and investor, with a long and proven track record in the media and telecommunications sector. He has held pubic company board positions in Japan and the United States. Ben is co-founder of ZelnickMedia, a successful private equity firm in the U.S.that focuses on the media andcommunications industries; and he is formerly the CEO of Take Two Interactive, a $2 billion public video game company that develops and publishes video games such as Grand Theft Auto, NBA 2K, and Civilization.

Investment focus

Shoes, Gaming, Mobile
Seed, Series C
Finland

Portfolio highlights

#Rens — 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.
Verto Analytics — Verto Analytics (Verto) operates a passive metering panel that provides researchers, advertisers, and publishers the data they need to keep up with the rapid and changing pace of consumer media consumption on every app, device, service, and platform. This ongoing, longitudinal panel captures a wide breadth of behaviors—all enriched to clients’behavioral analysis or custom survey studies. Our single-source, passive metering data sets provide the information needed to understand the full digital footprint of the U.S. population. Our Data Labs are located in the US, and in Helsinki, Finland. http://www.vertoanalytics.com.
Armada Interactive — DirectMac is Digital Marketing Agency Toronto where we offer Search Engine Optimization(SEO), Branding, PPC, Web Development Services.

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

Investment focus

Genetics, Hospital, Automotive
Funding Round
Finland

Portfolio highlights

Valmet Automotive — Valmet Automotive, a Uusikaupunki, Finland-based electric vehicle developer and manufacturer. Valmet Automotive provides engineering, manufacturing and business services for the automotive industry. In 2009, the company generated net sales of â‚¬56m and employed some 800 people. It manufactures Porsche Cayman sports cars, electric Garia golf carsand THINK City urban cars in Uusikaupunki, Finland. Cuca
Blueprint Genetics — We offer complete genetic testing and genetic diagnostics to medical professionals worldwide. Learn more about our winning clinical-grade NGS offering!

Goldacre is a family office investment house focusing on asset management businesses. It is dedicated in supporting businesses that drive change through technology in the real estate sector in the UK, Europe, and Israel.Goldacre aims to deliver above-average returns while controlling risk through market analysis, intelligent financing, andintensive investment management.

Investment focus

Software, Artificial Intelligence, Information Technology
Seed, Series A, Series B
Israel, United Kingdom, Spain

Portfolio highlights

Modulous — The Modulous Fastrack solution is a digitally integrated process enabling the rapid design, assembly and delivery of high quality, affordable, sustainable and smart homes.
ARX Alliance Ltd. — Arx is a B2B third-party risk management (SaaS) platform that has been designed and built by a highly experienced commercial and technical team. Arx gives users assessments of their, and their suppliers’ cybersecurity and ESG (environment, social and governance) vulnerabilities in a simple, easy-to-use way that overcomes the inherent complexity ofthose domains.The Platform is a simple to use online platform for organizations and their suppliers to quickly evaluate cybersecurity resilience and realtime risks, using easy-to-understand vulnerability scans, breach insights and risk audits that provide intuitive reports, unique benchmarks, actionable guidance and remediation, plus training to reduce risks. Arx has developed its own Arx Standard™, that is mapped to international standards, but also factors additional dimensions of risk based on a companies unique profile and a changing cyber threat landscape, meaning Arx methodology is dynamic and not a point in time assessment.
Hyperion Robotics — We are accelerating the transition to sustainable and automated construction with Concrete 3D Printing.

Stephen Industries Inc Oy is a family owned Finnish company. We place great value in technology and innovations that create more environmentally friendly solutions.

Investment focus

Manufacturing, Wood Processing, Renewable Energy
Seed, Funding Round
Finland

Portfolio highlights

Fiberwood — Fiberwood is a new eco-friendly wood fiber insulation that can be used for a variety of purposes. Fiberwood has excellent insulating properties, is entirely bio-based, and thus contains no plastic or other fossil-based materials.
Hycamite TCD Technologies — Hycamite is decarbonising industry using its proprietary methane pyrolysis technology. It provides its industrial clients with low-carbon hydrogen and sustainable carbon products for demanding applications.

Ilkka Paananen, is the CEO and co-founder of Supercell, the Helsinki-based mobile games developer behind Clash of Clans, Hay Day, Boom Beach, Clash Royale and Brawl Stars. Since its founding in 2010, Supercell's five games have amassed 100m daily players and remain in the global top 10 years after launch. In June 2016, Supercell became thefirst European technology start-up to reach a valuation of $10 billion.In addition to his role at Supercell, Ilkka helps other entrepreneurs as both an investor and as an active member of the Nordic startup community where he mentors and coaches other founders. Alongside his co-founder Mikko Kodisoja, he has established the We Foundation to fight social inequality and help disadvantaged children in Finland.Prior to founding Supercell, he was the CEO & co-founder of Finnish games developer Sumea, which was later acquired by Digital Chocolate, where he worked as President until 2010. Ilkka holds a Master of Science degree from the Helsinki University of Technology.

Investment focus

Software, E-Commerce, Gaming
Seed, Series A, Pre-Seed
Finland, United States, United Kingdom

Portfolio highlights

Isometric — Isometric is a carbon removal registry and science platform
Riot — Meet Riot, the all-in-one platform that drives better protection for your team.
SLAY — SLAY is a social gaming company.

Norsepower Oy is a Finnish clean technology and engineering company pioneering the generation of renewable wind energy for the global maritime industry. Norsepower is a provider of low-maintenance, software operated, and data verified auxiliary wind propulsion systems. Since its establishment in November 2012, Norsepower has gathered more than $6million USD of funding, which has enabled development, testing and piloting of the Norsepower Rotor Sail Solution. The main investors behind Norsepower are Power Fund III, Lifeline Ventures Oy, Finnvera Oyj, and Wate Oy. Norsepower is also funded by Tekes – the Finnish Funding Agency for Technology and Innovation.

Investment focus

Manufacturing, Electric Vehicle, Public Transportation
Funding Round
Finland

Portfolio highlights

Visedo — Danfoss Editron specializes in hybrid and electric powertrain systems for off-highway and marine markets.

Lauri Rosendahl is a Chair of the Board of Directors at Nasdaq. From February 2013 to May 2014, Mr. Rosendahl oversaw Nordic Equities and Equity Derivatives within Nasdaq’s Transaction Services Nordic division. Since joining Nasdaq in May 2009 until February 2013, Mr. Rosendahl was Head of Product Management for Nordic Equities and Nordic EquityDerivatives. During this time, Nasdaq Nordic implemented CCP clearing for cash equities and launched INET trading system for cash equities and GENIUM INET for equity derivatives. From January 2012 to February 2013, he was, in parallel, responsible for the Baltic and Armenian operations of Nasdaq, during which time the Baltic operations was re-organized and integrated into one regional operation. Mr. Rosendahl has over 20 years of experience in the financial markets, having held several senior management positions within securities trading, equity research and investment banking with several banks and brokers including Deutsche Bank, ABN Amro / Alfred Berg, Carnegie and Kaupthing. He also has a long renowned career as a telecom equipment analyst, in particular for his highly ranked research work on Nokia. As Head of the Helsinki Stock Exchange, Mr. Rosendahl is also a board member of the Securities Market Association in Finland, which is responsible for Corporate Governance and Takeover issues in Finland. Mr. Rosendahl has been a founding member of The Finnish Financial Analyst Society and a board member from 1989 to 1993. He has further acted as member of the board of The Finnish Brokers' Association (1992-1996, 2004-2005), The Private Brokers' Association (1992-1996) and on the Supervisory Board of the Helsinki Stock Exchange (1993-1995). Mr. Rosendahl has also acted as a Member of the Board in the Finnish Deposit Guarantee Fund (2008 – Feb 2009).

Investment focus

CleanTech, Advanced Materials, Packaging Services
Funding Round
Finland

Portfolio highlights

Woodly Oy — Woodly® is an entirely new type of wood-based packaging material that can be used to substitute traditional fossil-based plastics. Woodly is recyclable can be made into transparent and flexible packaging, and the material mimics the best qualities of traditional plastics.

We are an early stage VC for climate tech startups.

Investment focus

Energy, Software, Renewable Energy
Seed, Pre-Seed, Funding Round
Germany, Switzerland, Finland

Portfolio highlights

Sunvigo — Sunvigo provides you with cheap solar power from your roof and real green power from the grid.
CleanHub — Become plastic neutral with CleanHub and prevent ocean bound plastic before it can cause damage
SERA Intelligence — SERA Intelligence is an AgTech company that offers a cultivation management & analytics platform for greenhouses using machine learning.

Sebastien Borget is the Co-founder and COO of Pixowl. Passionate for blockchain technology, gaming and education, he is a very active speaker and evangelist who spent the past 8 years focused exclusively on mobile gaming, creating successful games that were downloaded millions of times.

Investment focus

Blockchain, Cryptocurrency, Gaming
Seed, Series A, Pre-Seed
United States, France, The Netherlands

Portfolio highlights

BlockGames — BlockGames delivers a cross-game and decentralized player network driven by Universal Player Profiles.
Bolero — Invest in the music rights of your favourite songs and get royalties on Bolero, the all-in-one marketplace to invest in Song Shares. Invest in music today!
PlayMakers — Capture, audit, and monetize user-generated content (UGC) in your game. Drive higher engagement, game longevity, and unlock monetization opportunities.

Etera is a pension company that takes care of the Finnish pension insurance.

Investment focus

Robotics, Manufacturing, Internet of Things
Funding Round
Finland

Portfolio highlights

NewIcon — NewIcon is a health tech company specializing in pharmacy automation systems based on advanced software and robotics.

Green Campus Innovations

Investment focus

Manufacturing, Electric Vehicle, Public Transportation
Debt Financing
Finland

Portfolio highlights

Visedo — Danfoss Editron specializes in hybrid and electric powertrain systems for off-highway and marine markets.

Fennia Group provides risk management and insurance services for enterprises, entrepreneurs and private households.

Investment focus

Battery, Manufacturing, Product Design
Funding Round
Finland

Portfolio highlights

European Batteries — Reference Guide For All Your Energy Needs

Building Ventures is a venture capital firm based in Boston, MA. We partner with Built Environment entrepreneurs and early-stage startups.

Investment focus

Software, Construction, Architecture
Series A, Seed, Series B
United States, Finland

Portfolio highlights

Parspec — Empower your organization with AI-powered solutions from Parspec. Bid more jobs, increase revenue, and improve profitability in today's dynamic market.
Clearstory.build — Construction's leading Change Order Communication Platform. We help Subs, GCs, and Owners communicate T&M Tags and Change Order Requests in real-time.
Skillit — We've got you. Free membership for construction workers. The top ENR contractors trust us with their skilled trade hiring needs.

We deploy early stage capital to fuel the growth of need-driven health technology companies.

Investment focus

Health Care, Artificial Intelligence, Software
Seed, Pre-Seed, Series A
United States, United Kingdom, Austria

Portfolio highlights

Ryver — We provide software to generate synthetic medical images and assess their privacy as well as quality
CryoCloud — CryoCloud Accelerate your protein structure determination - Bring your cryo-EM data analysis to the next level by using our cloud-based image analysis workflow.
Zetta Genomics — Zetta Genomics unleashes the power of genomic data to improve health outcomes for millions of patients around the world - and realise the potential of

Nicoya is a business-accelerating investment company focusing on foodtech.

Investment focus

Food and Beverage, Grocery, Leisure
Seed, Pre-Seed, Series A
United States, Sweden, Finland

Portfolio highlights

Foodiq — Foodiq is a one-of-a-kind food manufacturer that can both develop and manufacture plant-based products.
Kavall — Kavall is a grocery delivery startup.
JULIENNE BRUNO — Julienne Bruno made with naturally plant-based ingredients like fermented legumes & slow roasted vegetables.

Set up in September 1998, Viventures is a venture capital fund with a presence in the United States (San Mateo) and in Europe (Paris). The Fund was established to provide capital for innovative telecommunications and Internet businesses. Viventures invests in start-ups or expanding businesses with innovative Internet and telecommunicationsstrategies. The Fund provides seed capital and supports these newly founded companies in order to ensure their long-term development in Europe as well as in the United States. Viventures' investors include Vivendi, British Telecom, Mannesmann, Siemens, Nokia and Cisco.

Investment focus

Software, Biotechnology, E-Commerce
Funding Round, Series B, Series A
United States, France, China

Portfolio highlights

HaoStay — Found in late 2015 with investment from one of Tencent's Founder. An education one-stop technology platform service company that provide online homestay reservation, post-education service and technology solution that target at parents/students who plan to study in USA and education consultant/company who provide service to theseparents.
Epic Sciences — Epic Sciences develops clinical solutions that accelerate drug development and guided therapy across cancer drug indications. Epic's new AR-V7 CTC liquid biopsy test is the first clinically proven predictive test for metastatic castration-resistant prostate cancer.
Tactiva Therapeutics — Tactiva Therapeutics is an immuno-oncology company specializing in potent cancer immunotherapy using a dual T cell receptor approach.

FIH Mobile is a handset manufacturing and Integrator services company.

Investment focus

Apps, Consumer Electronics, Augmented Reality
Funding Round, Series B, Series A
United States, China, India

Portfolio highlights

Lingxi AR — Lingxi AR is an AR optical display technology provider, providing optical solutions for partners developing AR glasses. It is committed to the development of lightweight glasses with large field of view. The optical modules are equipped with nano-scale coupling gratings and optical waveguide technology. AR 3D imaging can be achieved with an angleof view of up to 36 degrees.
HMD — HMD designs and markets a range of smartphones and feature phones targeted at a range of consumers and price points. With a commitment to innovation and quality, HMD is the proud exclusive licensee of the Nokia brand for phones and tablets.
Journey Technology — An augmented reality technology company.

Trung Nguyen CEO at Axie Infinity. He attended FPT University during 2010-2017.

Investment focus

Shoes, Gaming, Recycling
Seed, Pre-Seed
Finland, Singapore

Portfolio highlights

Ancient8 — Ancient8 is building an ETH gaming Layer 2 with OP Stack. Ancient8 offers a suite of Web3 gaming infrastructure tools that serve as the distribution and marketing channel for games globally.
Curieous — AI-powered content creation app for busy knowledge-worker creators: beautiful, multi-format, multi-channel social content in 15 minutes
Bitlayer — Bitlayer is the first Bitcoin second-layer network, based on BitVM, offering ultra-scalability and L1 security, aiming to be Bitcoin's computing layer.

Suffice International

Investment focus

Electric Vehicle, Battery, Manufacturing
Funding Round, Debt Financing
Finland

Portfolio highlights

Visedo — Danfoss Editron specializes in hybrid and electric powertrain systems for off-highway and marine markets.
Akkurate — Sandvik Battery Electric Loaders and Trucks TH550B LH518B Mobile Charging Station Battery as a Service

Timeless wooden lighting collection with a Scandinavian feel. Handmade in Finland.

Investment focus

Product Management, Paper Manufacturing
Seed
Finland

Portfolio highlights

Woamy — Woamy produces edible, non-toxic, recyclable cellulose-based foam with a directional strength that mimics wood. Based on a decade of scientific research, we make sustainable foam in Espoo Finland.

PC Rettig & CO Impact

Investment focus