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Top 50 Medical Device Startup Investors in Finland (October 2026)

The most active venture capital funds and angel investors investing in Finland Medical Device startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Finland Medical Device startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Business Finland
VC Fund
7 Finland, United States, Sweden Grant, Seed, Debt Financing Software, SaaS, Biotechnology $50k–$10M
Lifeline Ventures
VC Fund
6 Finland, United States, United Kingdom Seed, Series A, Venture - Series Unknown Software, Health Care, Artificial Intelligence $430k–$22M
Innovestor
VC Fund
6 Finland, Sweden, Denmark Seed, Venture - Series Unknown, Pre-Seed Software, Health Care, Information Technology $204k–$5.1M
Almaral
VC Fund
5 Finland Seed, Convertible Note, Venture - Series Unknown Medical Device, Health Diagnostics, Software $832k–$2.9M
Voima Ventures
VC Fund
4 Finland, Sweden, Norway Seed, Pre-Seed, Series A Biotechnology, Health Care, Artificial Intelligence $464k–$30M
Butterfly Ventures
VC Fund
4 Finland, Sweden, Norway Seed, Pre-Seed Software, Health Care, Information Technology $110k–$4.3M
Tesi
VC Fund
4 Finland, United States, Switzerland Series A, Series B Software, Manufacturing, Information Technology $2.4M–$46M
Inventure
VC Fund
3 Finland, Sweden, United States Seed, Series A, Series B Software, Information Technology, Artificial Intelligence $549k–$25M
Icebreaker.vc
VC Fund
3 Finland, Sweden, Estonia Pre-Seed, Seed, Series A Software, Information Technology, Artificial Intelligence $110k–$25M
Finnvera Venture Capital
VC Fund
3 Finland, United States, Chile Seed, Series A Software, Health Care, Manufacturing $250k–$23M
Ali Omar
Angel
3 Finland, United States, Estonia Seed, Pre-Seed, Angel Software, Artificial Intelligence, SaaS $57k–$2.2M
Redstone.VC
VC Fund
3 Germany, Finland, Switzerland Seed, Series A, Pre-Seed Software, Information Technology, Artificial Intelligence $460k–$17M
Nostetta Ventures
VC Fund
3 Finland Seed, Pre-Seed Health Care, Medical Device $1.1M–$2.9M
HealthCap
VC Fund
2 United States, Sweden, France Series B, Series A Biotechnology, Health Care, Medical $6M–$92M
Cor Group
VC Fund
2 Finland Seed, Pre-Seed, Series A Health Care, Medical, Biotechnology $2.3M–$8.7M
Capricorn Partners
VC Fund
2 Belgium, The Netherlands, United States Series A, Series B Biotechnology, Health Care, Software $3.3M–$45M
Springvest
VC Fund
2 Finland Series A, Venture - Series Unknown, Seed Biotechnology, Health Care, Medical $1.6M–$53M
Nordic Science Investments
VC Fund
2 Finland, Sweden, United States Seed, Pre-Seed, Series A Biotechnology, Medical, Health Diagnostics $373k–$34M
VTT Ventures
VC Fund
2 Finland Seed, Venture - Series Unknown, Series A Manufacturing, Biotechnology, Electronics $460k–$14M
EQT Life Sciences
VC Fund
2 United States, Switzerland, The Netherlands Series A, Series B, Series C Biotechnology, Health Care, Therapeutics $7.3M–$165M
StartUp Health
VC Fund
2 United States, Canada, United Kingdom Seed, Venture - Series Unknown, Pre-Seed Health Care, Medical, Wellness $20k–$15M
Maki.vc
VC Fund
2 Finland, Norway, Denmark Seed, Series A, Pre-Seed Software, E-Commerce, Information Technology $578k–$37M
Sandwater
VC Fund
1 Norway, Germany, Finland Series A, Venture - Series Unknown, Series B Manufacturing, Medical, AgTech $4.7M–$35M
DigiTx Partners
VC Fund
1 United States, Canada, Finland Series A, Seed, Series B Health Care, Artificial Intelligence, Medical $2.7M–$43M
Noaber
VC Fund
1 The Netherlands, Israel, Germany Seed, Series A, Pre-Seed Health Care, Medical, Fitness $423k–$20M
Metsola Ventures
VC Fund
1 Finland Series A, Pre-Seed Medical, mHealth, Automotive $2.2M–$5.4M
Nidoco
VC Fund
1 Finland, Sweden, Estonia Seed, Venture - Series Unknown, Pre-Seed Software, SaaS, Artificial Intelligence $327k–$60M
Specialist VC
VC Fund
1 Estonia, United Kingdom, Finland Seed, Pre-Seed Software, Information Technology, Artificial Intelligence $240k–$4.6M
Athensmed
VC Fund
1 Finland, Switzerland Seed, Series A Health Care, Health Diagnostics, Medical $1.1M–$4.3M
Lundbeckfonden Ventures
VC Fund
1 United States, Denmark, United Kingdom Series B, Series A, Series C Biotechnology, Health Care, Therapeutics $10M–$95M
Inveni Capital
VC Fund
1 Finland, United Kingdom Venture - Series Unknown Medical, Health Care, Biotechnology
Cenitz
VC Fund
1 France, India, Finland Seed, Pre-Seed, Series A Health Care, Software, Biotechnology $500k–$5.4M
Lynx Capital
VC Fund
1 Finland, United States Series A, Venture - Series Unknown, Seed Health Care, Medical, Biotechnology
Flashpoint
VC Fund
1 United States, Israel, United Kingdom Series A, Seed, Debt Financing Software, Artificial Intelligence, SaaS $800k–$19M
Mikko Laitila
Angel
1 Finland Seed Medical Device, Health Diagnostics
3M New Ventures
VC Fund
1 United States, Germany, Canada Series B, Series A, Series C Manufacturing, Software, Hardware $1.5M–$175M
Dealia
VC Fund
1 Finland Seed Medical Device, Health Diagnostics
HTGF (High-Tech Gruenderfonds)
VC Fund
1 Germany, Switzerland, United States Seed, Series A, Pre-Seed Software, Biotechnology, Information Technology $790k–$31M
Amor & Labor Oy
VC Fund
1 Finland Seed Women's, Hardware, Software
MVM Life Science Partners
VC Fund
1 United States, United Kingdom, Switzerland Series B, Series C Health Care, Medical, Biotechnology $7M–$45M
Kristian Ranta
Angel
1 Finland, United States Seed, Pre-Seed Health Care, Apps, SaaS $172k–$4M
Petri Pöyhönen
Angel
1 Finland Series A Medical, Biotechnology, Medical Device
Antti Rasi
Angel
1 Finland Seed Medical Device, Health Diagnostics
Kinled Holding
VC Fund
1 United Kingdom, United States, Switzerland Seed, Series A Biotechnology, Health Care, Software $594k–$40M
University of Helsinki
VC Fund
1 Finland, Luxembourg, United States Seed, Series A, Pre-Seed Medical, Health Care, Biotechnology $54k–$34M
Danube BioVentures
VC Fund
1 Finland Pre-Seed Medical, Medical Device, Health Diagnostics
XR Invest
VC Fund
1 Finland, United States Series A, Series B, Series C Medical Device, Sensor, Medical
Kustaa Piha
Angel
1 Finland Seed, Venture - Series Unknown Health Care, Health Diagnostics, Medical Device $537k–$1.3M
Gerresheimer Glas
VC Fund
1 Finland Seed Health Care, Medical Device
Italian Angels for Growth
VC Fund
1 Italy, United States, United Kingdom Seed, Angel, Series A Software, E-Commerce, Health Care $219k–$14M
Access all 88 investors in Finland Medical Device startups.

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

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Investor list

Business Finland
VC Fund · Helsinki, Southern Finland, Finland · 7 investments in Finland Medical Device startups, 16 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: 241
  • Round size: Seed $151k–$3.5M; Grant $50k–$10M; Debt Financing $252k–$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 — Coolbrook is a manufacturer of naphtha cracking-based reactors. Their technology is intended to replace the conventional steam cracker furnace in existing and new olefins plants, enabling petrochemical clients to get improved product yield and lower energy consumption.
  • Solar Foods — Solar Foods is a food-tech startup that specializes in testing a technology that uses electricity to produce hydrogen which is combined with carbon dioxide, water, vitamins, and minerals to feed and grow microbial biomass that can be used as edible protein. The industrial biotech startup develops a protein called Solein, a nutritious, sustainablesubstitute for animal-derived proteins. Solein is created using elements from the air—CO2, water, nitrogen—and electricity. This single-cell protein is cultivated through gas fermentation, essentially deriving edible calories from hydrogen-oxidizing microbes.
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Lifeline Ventures
VC Fund · Helsinki, Southern Finland, Finland · 6 investments in Finland Medical Device startups

Lifeline Ventures is one of the world's highest performing venture funds. Founded by serial entrepreneurs, Lifeline partners closely with resilient founders from day one — supporting them with funding, talent, and everything it takes to build category-leading companies. The fund is sector-agnostic and seeks to make inception to Series A investments. Lifeline Ventures was founded in November 2009 and is based in Helsinki, Finland.

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Investment focus

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

Investor stats

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

Portfolio highlights

  • Verda — Verda provides a full-stack AI cloud platform for the development, training, and deployment of AI models. Its services include GPU instances, instant clusters, serverless containers, managed storage, and other cloud infrastructure powered by NVIDIA hardware. Verda also operates an AI Lab focused on large-scale training, inference optimization, reinforcement learning, and AI systems engineering. Its platform serves AI developers and organizations across the full AI lifecycle, from prototyping to scalable inference.
  • 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 — Headquartered in Orlando, Florida, with a European base in Finland, Thor Dynamics specializes in directed energy systems for defense against drones and drone swarms. The company’s innovative solutions are available worldwide to protect critical infrastructure and enhance national security. Laser Armor™ is a complete directed energy counter-dronesolution. Utilizing advanced radar and optical systems it can detect, track, and target hostile targets. High-power directed energy from Thor’s Laser Engines then eliminates the threat in seconds. Multiple safety systems ensure accurate target identification and minimal collateral damage.
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Innovestor
VC Fund · Helsinki, Southern Finland, Finland · 6 investments in Finland Medical Device 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, Information Technology
  • Stage:Seed, Venture - Series Unknown, Pre-Seed
  • Geography: Finland, Sweden, Denmark

Investor stats

  • Total investments: 98
  • Round size: Seed $477k–$4.5M; Pre-Seed $204k–$2M; Venture - Series Unknown $529k–$5.1M
  • Lead/follow: 55% lead, 45% follow
  • Last fund: Likely still investing — raised $33M in 2023

Portfolio highlights

  • Khoy — Khoy Company is a furniture company focused on designing and developing comfortable, user-friendly, and sustainable sofa beds. It combines functionality, comfort, and modern design to create versatile furniture for everyday living, with an emphasis on sustainability and space efficiency.
  • AnaCardio — AnaCardio develops drugs targeting a novel mechanism that improves cardiac contractility and aims to improve clinical outcomes in heart failure.
  • Bahn Express — Bahn Express is a global car transportation company that supports independent contractors while offering quick and easy auto shipping throughout Europe.
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Almaral
VC Fund · Kaarina, Western Finland, Finland · 5 investments in Finland Medical Device startups

Almaral provides risk management advice long-term strategy development budgeting operational function setup legal support early-stage sales and marketing function setup, and commercialization.

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Investment focus

  • Industry: Medical Device, Health Diagnostics, Software
  • Stage:Seed, Convertible Note, Venture - Series Unknown
  • Geography: Finland

Investor stats

  • Total investments: 6
  • Round size: Seed $832k–$2.9M
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Fepod — Fepod Oy Ltd develops a point-of-care diagnostics platform for rapid blood concentration measurement of pain medicine and other markers. Using a mobile phone, portable reader, and disposable sensors, it delivers quick, accurate results in minutes, enabling timely treatment decisions in acute care settings. The company aims to be the #1 acute carePOC diagnostics platform by 2030.
  • Marginum — Pioneering the next-generation quantitative surgical techniques.
  • Moncyte Health — Unique technology and novel data for personalized and optimal treatment of high cholesterol
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Voima Ventures
VC Fund · Helsinki, Southern Finland, Finland · 4 investments in Finland Medical Device startups, 7 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: 62
  • Round size: Seed $1M–$5.9M; Pre-Seed $464k–$2.1M; Series A $3.9M–$30M
  • Lead/follow: 65% lead, 35% 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.
  • Aventix — Aventix is a bioanalytics/life-science instrumentation company that develops sensor-based laboratory tools.
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Butterfly Ventures
VC Fund · Oulu, Oulu, Finland · 4 investments in Finland Medical Device startups

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

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Investment focus

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

Investor stats

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

Portfolio highlights

  • DREV — DREV is a cleantech company manufacturing contamination control solutions for the world’s most advanced manufacturing facilities.
  • Zenniz — Zenniz is an ITF approved game tracking solution that provides real-time info, such as automated line calling, stroke and serve speeds, shot charts, match statistics and more. Players and coaches at all levels can use Zenniz on and off the court to help improve their game. For tennis clubs, Zenniz is an easy and cost-effective way to upgrade to thenext level. Due to a new, innovative sensor technology, they’ve been able to keep the cost to a minimum, making Zenniz accessible for all clubs, coaches and players.
  • Polar Light Technologies — Polar Light Technologies focuses on developing the next generation of Nano and micro LED technology.
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Tesi
VC Fund · Helsinki, Southern Finland, Finland · 4 investments in Finland Medical Device startups

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 private co-investors. The targets are in all sectors. Capital investments are needed for financing the growth of investee companies, and for spin-offs, major industrial investments, and sector and corporate restructurings. The investments of Finnish Industry Investment amount to over MEUR 570

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Investment focus

  • Industry: Software, Manufacturing, Information Technology
  • Stage:Series A, Series B
  • Geography: Finland, United States, Switzerland

Investor stats

  • Total investments: 154
  • Round size: Series A $2.4M–$46M; Series B $3.1M–$40M
  • Lead/follow: 16% lead, 84% follow
  • Last fund: May invest from a new fund soon — raised $177M in 2017

Portfolio highlights

  • Vexlum — VECSELs Novel semiconductor lasers for high-impact applications in quantum technology, medicine and semiconductor industry.
  • Verda — Verda provides a full-stack AI cloud platform for the development, training, and deployment of AI models. Its services include GPU instances, instant clusters, serverless containers, managed storage, and other cloud infrastructure powered by NVIDIA hardware. Verda also operates an AI Lab focused on large-scale training, inference optimization, reinforcement learning, and AI systems engineering. Its platform serves AI developers and organizations across the full AI lifecycle, from prototyping to scalable inference.
  • Kasvu Therapeutics — Kasvu develops first and best-in-class small molecule neuroplastogens for diseases where neuronal connectivity is altered
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Inventure
VC Fund · Helsinki, Southern Finland, Finland · 3 investments in Finland Medical Device startups

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

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Investment focus

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

Investor stats

  • Total investments: 180
  • Round size: Seed $549k–$6M; Series A $1.3M–$17M; Series B $1.3M–$25M
  • Lead/follow: 48% lead, 52% follow
  • Last fund: Likely still investing — raised $140M in 2022

Portfolio highlights

  • Lassie — Lassie is the first proactive and preventive pet insurance company that wants to help pet owners take better care of their pets
  • Capalo AI — We maximize the value of your energy storage systems. Now and in the future.
  • 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.
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Icebreaker.vc
VC Fund · Helsinki, Southern Finland, Finland · 3 investments in Finland Medical Device 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: 144
  • 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

  • Cachet — Adaptive insurance solutions for micromobility, car-sharing and gig work platforms in 16 countries. Feel in control of risk and handle claims in one system.
  • 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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Finnvera Venture Capital
VC Fund · Kuopio, Eastern Finland, Finland · 3 investments in Finland Medical Device startups

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's investments enable, start and accelerate growth and internationalisation among investment targets. Enterprises are developed to make them attractive targets for further financing by other investors and industrial actors. Investments are made in technology enterprises at an early stage and in technology-intensive or innovative service enterprises that have potential for developing into international growth enterprises. Finnvera is also known as a specialised financing company owned by the State of Finland. It provides its clients with loans, guarantees, venture capital investments and export credit guarantees.

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Investment focus

  • Industry: Software, Health Care, Manufacturing
  • Stage:Seed, Series A
  • Geography: Finland, United States, Chile

Investor stats

  • Total investments: 95
  • Round size: Seed $250k–$2.3M; Series A $1.8M–$23M
  • Lead/follow: 16% lead, 84% follow

Portfolio highlights

  • ARAUCO — ARAUCO is a diversified global company in the forestry industry. They use world-class technologies and processes throughout the value chain. They are present in the forestry, pulp, timber, panels and renewable energy businesses.
  • eMabler — EMabler is an EV charging infrastructure software company that develops an API-first platform used by businesses to operate, manage, and scale electric vehicle charging networks. It provides a centralized system for charge point management, billing, pricing, roaming, and energy optimization, allowing operators to control large networks of EVchargers from a single platform. The software connects charging hardware with business systems such as CRM, payment, and energy management tools through open APIs and a large library of integrations. The company focuses on enabling enterprises, such as energy utilities, parking operators, and retail businesses, to embed EV charging directly into their existing services and digital platforms rather than building standalone charging systems. This includes white-label solutions where charging is integrated into a company’s own app or customer experience under its brand.
  • CHAOS — 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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Ali Omar
Angel · Helsinki, Southern Finland, Finland · 3 investments in Finland Medical Device 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 — Retail pricing software that lifts margin, not workload. Competitor price monitoring every 4 hours, price optimization and plain-English rules in a Grid your team already knows. Free pricing audit.
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Redstone.VC
VC Fund · Berlin, Berlin, Germany · 3 investments in Finland Medical Device startups, 22 in the past 12 months

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

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Investment focus

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

Investor stats

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

Portfolio highlights

  • FermLabs — Ferm Labs ingredient startup specializing in proprietary, high-yield bioprocessing platforms.
  • LimX Dynamics — Zhuji Dynamics is a general-purpose footed robot company that focuses on the R&D and manufacturing of sports intelligence and footed robots
  • Zhuji Dynamics — Zhuji Dynamics is a general-purpose footed robot company that focuses on the R&D and manufacturing of sports intelligence and footed robots
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Nostetta Ventures
VC Fund · Kuopio, Eastern Finland, Finland · 3 investments in Finland Medical Device startups

Nostetta Ventures is a venture capital company investing in growth companies mainly in the North Savo region.

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Investment focus

  • Industry: Health Care, Medical Device
  • Stage:Seed, Pre-Seed
  • Geography: Finland

Investor stats

  • Total investments: 3
  • Round size: Seed $1.1M–$2.9M
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • Marginum — Pioneering the next-generation quantitative surgical techniques.
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HealthCap
VC Fund · Stockholm, Stockholms Lan, Sweden · 2 investments in Finland Medical Device startups

HealthCap, a life science investor and company creator. Our motivation is to find innovative ideas and invest that could impact healthcare and society.

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Investment focus

  • Industry: Biotechnology, Health Care, Medical
  • Stage:Series B, Series A
  • Geography: United States, Sweden, France

Investor stats

  • Total investments: 141
  • Round size: Series A $6M–$73M; Series B $12M–$92M
  • Lead/follow: 26% lead, 74% follow
  • Last fund: Likely still investing — raised $179M in 2024

Portfolio highlights

  • Neobiomics — Advancing neonatal care through evidence-based clinical nutrition.
  • AMRA Medical — AMRA Medical is a digital health company transforming medical research and clinical care using rapid whole-body MRI technology.
  • Ultragenyx Pharmaceutical — Ultragenyx is focused on developing first-ever approved treatments for rare and ultrarare diseases and moving the rare disease community forward.
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Cor Group
VC Fund · Oulu, Oulu, Finland · 2 investments in Finland Medical Device startups

Cor Group management consulting firm serving Psychological, Educational, and Behavioral Services.

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Investment focus

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

Investor stats

  • Total investments: 6
  • Round size: Seed $2.3M–$8.7M
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • Gosta Labs — Focus on care
  • Adamant Health — Adamant Health’s unique technology to analyse Parkinson’s disease symptoms is based on over 15 years of academic research at the University of Eastern Finland. With the technology, clinicians have several days detailed visibility to the patient’s symptoms and is able to optimise the treatment accordingly. Pharma companies benefit from the objectiveand long-term RW data in their clinical and post market studies and can utilise it as complementary diagnostics tool for personalised medication.
  • Nightingale Health — The most advanced health check for the health industry.
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Capricorn Partners
VC Fund · Leuven, Vlaams-Brabant, Belgium · 2 investments in Finland Medical Device startups

Capricorn Partners is a unique independent manager of venture capital, growth capital and quoted equity funds

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Investment focus

  • Industry: Biotechnology, Health Care, Software
  • Stage:Series A, Series B
  • Geography: Belgium, The Netherlands, United States

Investor stats

  • Total investments: 122
  • Round size: Series A $3.3M–$18M; Series B $5.3M–$45M
  • Lead/follow: 32% lead, 68% follow
  • Last fund: Likely actively investing — fresh fund, raised $53M in 2025

Portfolio highlights

  • HighLife — HighLife is driven by a mission to deliver innovative treatment options to patients suffering from heart valve diseases.
  • Endo Tools Therapeutics — Endo Tools Therapeutics is dedicated to the development of innovative devices that provide therapeutic interventions for gastric conditions
  • Delft Advanced Biorenewables — We enable the bio-economy by improving the productivity of fermentations with our in-situ product recovery (ISPR) technology.
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Springvest
VC Fund · Helsinki, Southern Finland, Finland · 2 investments in Finland Medical Device startups

Springvest is a listed growth equity investor connecting Finnish technology companies with both domestic and international capital. We typically raise €5–12 million rounds from our Finnish investor base and lead larger rounds of up to €50 million together with international co-investors. We remain a committed minority shareholder in every company we back.

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Investment focus

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

Investor stats

  • Total investments: 24
  • Round size: Seed $1.6M–$7.6M; Series A $3.6M–$53M; Venture - Series Unknown $4.7M–$31M
  • Lead/follow: 75% lead, 25% follow

Portfolio highlights

  • Desentum — Allergen immunotherapy that is effective, safe, patient-friendly and approved by the regulatory authorities.
  • 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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Nordic Science Investments
VC Fund · Helsinki, Southern Finland, Finland · 2 investments in Finland Medical Device startups

We partner with founders to transform unseen scientific discoveries into future breakthroughs, jointly moving businesses, people, and the world forward.

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Investment focus

  • Industry: Biotechnology, Medical, Health Diagnostics
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Finland, Sweden, United States

Investor stats

  • Total investments: 18
  • Round size: Seed $373k–$4.6M; Pre-Seed $380k–$837k; Series A $2.9M–$34M
  • Lead/follow: 83% lead, 17% follow
  • Last fund: Likely still investing — raised $34M in 2024

Portfolio highlights

  • CubaseBio — Cubase Bio is developing optics-free DNA microscopy to map gene expression in 3D through intact organoids and tissue. Based in Stockholm.
  • mu-ray.tech — MuRay Tech generates a controlled muon beam to image inside solid metal and 3D printed pieces. Non-destructively. In minutes.
  • Kasvu Therapeutics — Kasvu develops first and best-in-class small molecule neuroplastogens for diseases where neuronal connectivity is altered
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VTT Ventures
VC Fund · Espoo, Southern Finland, Finland · 2 investments in Finland Medical Device startups

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?

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Investment focus

  • Industry: Manufacturing, Biotechnology, Electronics
  • Stage:Seed, Venture - Series Unknown, Series A
  • Geography: Finland

Investor stats

  • Total investments: 24
  • Round size: Seed $460k–$3.3M; Series A $1.8M–$14M; Venture - Series Unknown $1.5M–$9.2M
  • Lead/follow: 13% lead, 87% follow

Portfolio highlights

  • Dispelix — See-through, full color waveguide combiners for a wide range of XR applications. From near-eye to head-up.
  • Solar Foods — Solar Foods is a food-tech startup that specializes in testing a technology that uses electricity to produce hydrogen which is combined with carbon dioxide, water, vitamins, and minerals to feed and grow microbial biomass that can be used as edible protein. The industrial biotech startup develops a protein called Solein, a nutritious, sustainablesubstitute for animal-derived proteins. Solein is created using elements from the air—CO2, water, nitrogen—and electricity. This single-cell protein is cultivated through gas fermentation, essentially deriving edible calories from hydrogen-oxidizing microbes.
  • Infinited Fiber Company — Infinited Fiber Company is a Finnish biotech founded in 2016 to commercialize a breakthrough recycling technology that can turn cellulose-rich raw materials – like cotton-rich textile waste, used cardboard, or wheat or rice straw – into high-quality textile fibers with the look and feel of cotton. The patented technology has been validated byleading brands and is ready to be scaled. Infinited Fiber Company won the Europas 2020 Hottest Sustainability Tech Award, and was listed on the Global 50 to Watch by Cleantech Group in 2019. In 2016 Infinited Fiber Company was selected into WWF’s Climate Solver network. The company is headquartered in Espoo, Finland.
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EQT Life Sciences
VC Fund · Amsterdam, Noord-Holland, The Netherlands · 2 investments in Finland Medical Device startups

Providing capital plus strategic, clinical, operational, financial, and commercial support to deliver the added value inventors seek.

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Investment focus

  • Industry: Biotechnology, Health Care, Therapeutics
  • Stage:Series A, Series B, Series C
  • Geography: United States, Switzerland, The Netherlands

Investor stats

  • Total investments: 189
  • Round size: Series A $7.3M–$78M; Series B $11M–$114M; Series C $12M–$165M
  • Lead/follow: 41% lead, 59% follow
  • Last fund: Likely still investing — raised $282M in 2023

Portfolio highlights

  • Xeltis — Xeltis is pioneering a restorative approach in cardiovascular therapy.
  • ActoGeniX — ActoGeniX is a biopharmaceutical company focused on the development and commercialization of a range of biological drugs. ActoGeniX was founded by Bernard Coulie and Mark Vaeck in 2006 and is based in Zwijnaarde, Belgium.
  • Vaderis Therapeutics — Vaderis Therapeutics is a biotechnology company in the clinical stages that specializes in the treatment of uncommon and orphan diseases.
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StartUp Health
VC Fund · New York, New York, United States · 2 investments in Finland Medical Device startups

Organizing and investing in a global army of entrepreneurs committed to achieving health moonshots

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Investment focus

  • Industry: Health Care, Medical, Wellness
  • Stage:Seed, Venture - Series Unknown, Pre-Seed
  • Geography: United States, Canada, United Kingdom

Investor stats

  • Total investments: 362
  • Round size: Seed $100k–$4M; Pre-Seed $20k–$854k; Venture - Series Unknown $150k–$15M
  • Lead/follow: 3% lead, 97% follow
  • Last fund: May invest from a new fund soon — raised $31M in 2018

Portfolio highlights

  • AvoMD — AvoMD is reimagining clinical decision support with interactive point-of-care software, available standalone and via EHR integrations, and seamless content building tools.
  • Hidoc Consult — Hidoc Consult: Boost your well-being with free consultations, 24/7 access to quality healthcare, complete privacy, user-friendly, and a trusted network of HCPs
  • NEXT Life Sciences — NEXT Life Sciences is developing the revolutionary Plan A™ procedure to bring the only scientifically proven technology in the category - Vasalgel® - to market.
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Maki.vc
VC Fund · Helsinki, Southern Finland, Finland · 2 investments in Finland Medical Device startups

We partner with deep tech and brand-driven companies obsessed in challenging category norms. The Nordics are our home, but we take on a global front in spotting the unexpected - from B2B to B2C, with a sweet spot for scientific advances, strong IP, and customer understanding that looks beyond convention.We invest in early stage companies: fromtheir inception to series A and beyond. We share in the vision of founders as champions and challengers, drawing on our experiences from scaling some of the strongest tech companies ourselves.

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Investment focus

  • Industry: Software, E-Commerce, Information Technology
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Finland, Norway, Denmark

Investor stats

  • Total investments: 103
  • Round size: Seed $948k–$8.3M; Pre-Seed $578k–$2.7M; Series A $3.5M–$37M
  • Lead/follow: 47% lead, 53% follow
  • Last fund: Likely actively investing — fresh fund, raised $106M in 2024

Portfolio highlights

  • Aavuus — Aavuus is building a global network of ground-based laser stations to detect and track space debris with high precision.
  • Metaktik — Tactical Metasurface Antenna Solution for Defence. Ultralight Antennas for Satellites.
  • 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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Sandwater
VC Fund · Oslo, Oslo, Norway · 1 investments in Finland Medical Device startups

We are Sandwater. Regeneration of our resources. Vitalizing healthcare & education. Improving life through technology.

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Investment focus

  • Industry: Manufacturing, Medical, AgTech
  • Stage:Series A, Venture - Series Unknown, Series B
  • Geography: Norway, Germany, Finland

Investor stats

  • Total investments: 24
  • Round size: Series A $8.5M–$24M; Series B $17M–$35M; Venture - Series Unknown $4.7M–$18M
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Mantle8 — Using bottom-up exploration and decades of geology experience, we are on a mission to deliver natural hydrogen to the world.
  • CurifyLabs — CurifyLabs enables 3D printed personalized medicines in pharmacies and hospitals. Always close to the patient.
  • Alva Industries — Serving industries from aerospace to marine, we deliver high-performance, sustainable motors to drive a cleaner, more efficient future.
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DigiTx Partners
VC Fund · Brisbane, California, United States · 1 investments in Finland Medical Device startups

At DigiTx Partners,we believe that the pace of change in healthcare will only accelerate in the coming years. We believe that there are many smart people with great insights and drive who are developing innovative technologies and solutions. We look forward to supporting innovative companies that will make a difference in our healthcareecosystem, from companies that will change how patients navigate the healthcare system, that will integrate the disparate elements that comprise both diagnosis and treatment, that will speed the development of more effective drugs and that will enhance and enable efficient and accurate physician-patient interaction. DigiTx Partners looks forward to investing in those digital health companies that strive to keep all of us in better health.

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Investment focus

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

Investor stats

  • Total investments: 32
  • Round size: Seed $2.7M–$7.8M; Series A $5M–$23M; Series B $6M–$43M
  • Lead/follow: 47% lead, 53% follow
  • Last fund: May invest from a new fund soon — raised $75M in 2018

Portfolio highlights

  • Neon Health — Neon accelerates patient access to critical care by jumping through all the hoops to onboard and adhere to life-saving drugs, treatments.
  • Biobase — Biobase is the agentic system for clinical data, closing the gap between clinical data and better healthcare.
  • Auxira Health — Virtual APP-led care pods for cardiology. One APP, one MA and a fractional RN work in your EHR, clear the inbox and handle routine follow-up visits.
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Noaber
VC Fund · Lunteren, Gelderland, The Netherlands · 1 investments in Finland Medical Device startups

Noaber Ventures invests in initiatives that bring social transformations using information technology.

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Investment focus

  • Industry: Health Care, Medical, Fitness
  • Stage:Seed, Series A, Pre-Seed
  • Geography: The Netherlands, Israel, Germany

Investor stats

  • Total investments: 20
  • Round size: Seed $423k–$6.3M; Series A $3M–$20M
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • Plasmacure — Plasmacure develops innovative plasma technology for wound care. Discover how cold plasma is transforming the treatment of chronic wounds.
  • Mirantus Health — Mirantus is building a distributed healthcare provider to improve access to care for underserved patients. Through healthcare services (Mirantus Care) and cloud-solutions (Mirantus OS), Mirantus empowers doctors to efficiently treat patients who were difficult to reach before. This improves healthcare access for patients, allows physicians to earnmore, while saving payors billions in downstream costs. Mirantus is on a mission to get every specialist physician in Europe to participate in distributed healthcare, to improve healthcare access for 100M+ underserved patients.
  • Alba Health — Discover your baby's gut health & microbiome for the best start in life.
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Metsola Ventures
VC Fund · Espoo, Southern Finland, Finland · 1 investments in Finland Medical Device startups

Metsola Ventures

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Investment focus

  • Industry: Medical, mHealth, Automotive
  • Stage:Series A, Pre-Seed
  • Geography: Finland

Investor stats

  • Total investments: 3
  • Round size: Series A $2.2M–$5.4M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Kaiku Health — Kaiku Health is a digital health company with a mission to improve quality of life through health data science. We have built an intelligent digital platform for monitoring patient-reported outcomes in several therapy areas, such as cancer care, fertility treatments and preventive health care. Its unique algorithms enable early interventions andpersonalized patient support. Currently over 30 European hospitals and clinics are using our platform to better monitor their patients, reducing manual work and allowing prioritization of clinical actions. This along with the capture and analysis of real-world data paves way for more personalized and effective care of each patient. The company, founded in 2012 by five software developers deeply passionate about health care technology, has now grown to team of 20+ dedicated employees. The company is backed by Reaktor Ventures, along with other venture capital funds and private investors, and is supported by Tekes – the Finnish Funding Agency for Innovation.
  • RoadCloud — Use the worlds most accurate road condition data to your advantage. Real-time hyperlocal road weather data from your road network 24/7.
  • Synoste — Globus Medical develops, manufactures, and distributes musculoskeletal device solutions. Learn about the implants and products we manufacture.
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Nidoco
VC Fund · Stockholm, Stockholms Lan, Sweden · 1 investments in Finland Medical Device 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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Specialist VC
VC Fund · Tallinn, Harjumaa, Estonia · 1 investments in Finland Medical Device startups

United Angels VC is an early stage venture capital fund based in Estonia.

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Seed, Pre-Seed
  • Geography: Estonia, United Kingdom, Finland

Investor stats

  • Total investments: 72
  • Round size: Seed $545k–$4.6M; Pre-Seed $240k–$2.3M
  • Lead/follow: 35% lead, 65% follow
  • Last fund: Likely still investing — raised $57M in 2022

Portfolio highlights

  • Copla — Simplify cybersecurity compliance with automated workflows, audits, and risk management. Our expert CISO team tailors solutions to your organization's needs.
  • CyberUpgrade — Simplify cybersecurity compliance with automated workflows, audits, and risk management. Our expert CISO team tailors solutions to your organization's needs.
  • Nanordica Medical — Nanordica Medical develops novel nanoparticle-based antibacterial wound care products.
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Athensmed
VC Fund · 1 investments in Finland Medical Device startups

Athensmed Oy

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Investment focus

  • Industry: Health Care, Health Diagnostics, Medical
  • Stage:Seed, Series A
  • Geography: Finland, Switzerland

Investor stats

  • Total investments: 5
  • Round size: Seed $1.1M–$4.3M
  • Lead/follow: 40% lead, 60% follow

Portfolio highlights

  • Biospectal — Measure and track blood pressure with only your phone camera and fingertip. With OptIBP, you can keep a diary of blood pressure, share BP, and take control of your heart health.
  • 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.
  • Moncyte Health — Unique technology and novel data for personalized and optimal treatment of high cholesterol
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Lundbeckfonden Ventures
VC Fund · Copenhagen, Hovedstaden, Denmark · 1 investments in Finland Medical Device startups

Lundbeckfond Ventures is an evergreen life science venture fund established in the autumn of 2009 and wholly owned by the Lundbeck Foundation. The structure as an evergreen fund allows flexibility in the investment approach and the possibility, when appropriate, to take a long-term perspective in the investments. On an annual basis, Lundbeckfond Ventures invests up to € 50 million. Lundbeckfond Ventures is a financially driven venture fund generating returns to support the group's activities and operating independently from the Lundbeck Foundation’s controlling ownerships in H. Lundbeck A/S, ALK-Abelló and Falck.

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Investment focus

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

Investor stats

  • Total investments: 72
  • Round size: Series A $10M–$50M; Series B $20M–$95M; Series C $10M–$53M
  • Lead/follow: 32% lead, 68% follow

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.
  • SNIPR Biome — We are the CRISPR Microbiome Company; Our mission is to develop CRISPR-based medicines that give hope for effective and safe treatment of difficult-to-treat diseases in the future.
  • Women in Life Science Denmark — WiLD is a networking platform for women in senior positions in business and academia that is motivating and focused on science.
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Inveni Capital
VC Fund · Helsinki, Southern Finland, Finland · 1 investments in Finland Medical Device startups

Inveni Capital is a venture capital management company focused on investments in early to growth stage life sciences companies.

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Investment focus

  • Industry: Medical, Health Care, Biotechnology
  • Stage:Venture - Series Unknown
  • Geography: Finland, United Kingdom

Investor stats

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

Portfolio highlights

  • BioSilta — BioSilta Ltd. is a privately-held company that utilizes its unique, proprietary EnBase® technology platform to develop innovative, reagent-based EnPresso® growth systems. When compared to conventional growth media, EnPresso growth systems significantly increase the yield of high quality biomolecules from microbial cultures.
  • Onbone — Woodcast uudetkasinot esittelee ajankohtaiset ja huolellisesti valitut uudet nettikasinot, tarjoten suomalaisille pelaajille tuoreita pelimahdollisuuksia, innovatiivisia ominaisuuksia ja luotettavan pelikokemuksen.
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Cenitz
VC Fund · Neuilly-sur-seine, Ile-de-France, France · 1 investments in Finland Medical Device startups

Cenitz is a modern VC fund with global scale. Invest at our side on carefully curated deals, 100% online.

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Investment focus

  • Industry: Health Care, Software, Biotechnology
  • Stage:Seed, Pre-Seed, Series A
  • Geography: France, India, Finland

Investor stats

  • Total investments: 9
  • Round size: Seed $500k–$5.4M
  • Lead/follow: 56% lead, 44% follow

Portfolio highlights

  • Jool — Jool, automobiles generate 15% of our greenhouse gas emissions. Jool mission is to rethink individual mobility.
  • Axoltis Pharma — Axoltis Pharma is a biotech company that develops drugs for degenerative and traumatic neurological disorders.
  • Oria Bioscience — Oria Bioscience purifies organelles (lysosomes, mitochondria, endoplasmic reticulum) for Drug Discovery and other health applications. Oria provides high qulity organelles compatible with drug screening platforms in Europe, US and Asia, thanks to a high throughput microfluidics technology.
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Lynx Capital
VC Fund · Shanghai, Shanghai, China · 1 investments in Finland Medical Device startups

cross-border, healthcare, life science, investment, VC, China, US

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Investment focus

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

Investor stats

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

Portfolio highlights

  • Marginum — Pioneering the next-generation quantitative surgical techniques.
  • Elucida Oncology — Elucida Oncology focuses on transforming outcomes for patients with primary solid tumors and metastatic cancer. The company utilizes the novel target or clear capabilities of its ultra-small C-Dot cancer-targeting particle platform across diagnostic imaging, surgical, and a wide range of therapeutic applications.
  • Bone Index Finland — Bindex® is – in addition to DXA devices – the only device that can be used for osteoporosis diagnostics with international guidelines (ISCD) and the Finnish Current Care Guidelines (04/2014).Bindex® is applied by measuring the cortical thickness of tibia. The results, combined with other patient data, are used to estimate the hip region’sbone mineral density. Bone mineral density values (g/cm2) are normally only received via the large DXA devices used in hospitals.Bindex®’s quickness and simplicity make its use possible in high volume risk group screenings. It makes the identification of an osteoporosis risk possible before the first bone fracture has even occurred. Thus, it both improves the patient’s quality of life and saves on public health care expenses.
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Flashpoint
VC Fund · London, England, United Kingdom · 1 investments in Finland Medical Device startups

Venture capital serves as funding for emerging, inventive enterprises poised for rapid expansion.

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Investment focus

  • Industry: Software, Artificial Intelligence, SaaS
  • Stage:Series A, Seed, Debt Financing
  • Geography: United States, Israel, United Kingdom

Investor stats

  • Total investments: 132
  • Round size: Seed $800k–$4M; Series A $2.3M–$19M; Debt Financing $1.8M–$15M
  • Lead/follow: 70% lead, 30% follow
  • Last fund: Likely actively investing — fund raised in 2026

Portfolio highlights

  • Revian — Try Revian Red risk-free with our 6-Month 100% Money Back Guarantee. Revian's Wireless Cap + Smart App gives you total control of your treatment. FDA cleared for men and women. Clinical trial results establish Revian Red as a safe and more effective alternative to other hair growth treatments.
  • Particula — Particula brings new life into Rubik's cube, dice, and chess using AI, connectivity, and interactivity. Enter a smart games world with modern versions of classics!
  • Rep AI — Shopify's #1 AI Concierge (chatbot) for eCommerce. Rep converts more traffic (CVR), increases sales (AOV), and can handle up to 97% of your support tickets.
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Mikko Laitila
Angel · Raisio, Western Finland, Finland · 1 investments in Finland Medical Device startups

Mikko Laitila

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Investment focus

  • Industry: Medical Device, Health Diagnostics
  • Stage:Seed
  • Geography: Finland

Investor stats

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

Portfolio highlights

  • Fepod — Fepod Oy Ltd develops a point-of-care diagnostics platform for rapid blood concentration measurement of pain medicine and other markers. Using a mobile phone, portable reader, and disposable sensors, it delivers quick, accurate results in minutes, enabling timely treatment decisions in acute care settings. The company aims to be the #1 acute carePOC diagnostics platform by 2030.
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3M New Ventures
VC Fund · Saint Paul, Minnesota, United States · 1 investments in Finland Medical Device startups

3M New Ventures was created to strengthen 3M's position at the leading edge of global innovation by complementing 3M's holistic innovation strategy with a focus on disruptive, early stage innovations outside of the company's existing portfolio. 3M New Ventures identifies and invests in the most promising new-to-3M technologies, services and business models with long term strategic relevance to 3M.

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Investment focus

  • Industry: Manufacturing, Software, Hardware
  • Stage:Series B, Series A, Series C
  • Geography: United States, Germany, Canada

Investor stats

  • Total investments: 41
  • Round size: Series A $1.5M–$20M; Series B $3M–$175M; Series C $8.9M–$65M
  • Lead/follow: 27% lead, 73% follow

Portfolio highlights

  • JetZero — JetZero develops commercial aircraft centered on an all-wing or blended wing body design that integrates the fuselage and wings into a single structure to improve aerodynamics and reduce fuel use. The company is advancing the Z4 airplane, which targets lower fuel consumption and associated emissions compared with conventional tube-and-wing jets,and is working with industry partners on systems like engines, composites, and potential hydrogen fuel adaptations. JetZero collaborates with aerospace suppliers, research organizations, and regulatory bodies to design, test, and prepare full-scale demonstrators with the aim of advancing certification and entry into service. The company’s work includes aerodynamic simulation, structural engineering, and exploring sustainable fuel solutions to address aviation’s environmental goals.
  • Voltiris — Unlock renewable energy in your greenhouse with Voltiris' spectral filtering technology.
  • Morphotonics — Morphotonics develops large-area nanoimprint lithography technology for scalable AR waveguide manufacturing, nano-optics, and advanced photonics applications.
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Dealia
VC Fund · 1 investments in Finland Medical Device startups

An investment company of Lexia Attorneys

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Investment focus

  • Industry: Medical Device, Health Diagnostics
  • Stage:Seed
  • Geography: Finland

Investor stats

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

Portfolio highlights

  • Fepod — Fepod Oy Ltd develops a point-of-care diagnostics platform for rapid blood concentration measurement of pain medicine and other markers. Using a mobile phone, portable reader, and disposable sensors, it delivers quick, accurate results in minutes, enabling timely treatment decisions in acute care settings. The company aims to be the #1 acute carePOC diagnostics platform by 2030.
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HTGF (High-Tech Gruenderfonds)
VC Fund · Bonn, Nordrhein-Westfalen, Germany · 1 investments in Finland Medical Device startups

High-Tech Grunderfonds finances startups with growth potential. Its team of investment managers supports young companies with expertise, entrepreneurial spirit, and passion. The company focuses in the fields of digital tech, industrial tech, life sciences, chemistry, and related business areas. It also focuses on financial services in various sectors.

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Investment focus

  • Industry: Software, Biotechnology, Information Technology
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Germany, Switzerland, United States

Investor stats

  • Total investments: 781
  • Round size: Seed $790k–$6.9M; Pre-Seed $841k–$2.8M; Series A $3M–$31M
  • Lead/follow: 34% lead, 66% follow
  • Last fund: Likely still investing — raised $515M in 2022

Portfolio highlights

  • Selfapy — Selfapy offers a therapy support tool that helps recognize negative patterns of thought and train new behavior. Selfapy is your guided, self-help online course against depression with a personal psychologist as a companion.
  • Smartblue — Smartblue develops and runs software and processes to monitor and optimize zero emission energy systems. As a hardware independent specialist Smartblue delivers a software service for the maintenance, life-cycle management, production forecasting and remote control of photovoltaic and energy storage systems all together in one centralized “SmartControl” Operations and Control Center web application. We help our customers drive down overall operational cost through automation, smart failure detection and big data analysis on imminent defects.
  • OMEICOS Therapeutics — OMEICOS Therapeutics is developing a novel, first-in-class, small molecule utilizing a new Mode of Action. OMEICOS' novel therapeutic strategy is based upon the discovery of natural metabolites of omega-3 fatty acids that mediate a strong anti-arrhythmic effect. In contrast to all other anti-arrhythmic drugs, OMEICOS' substances activatean endogenous cardio-protective signaling pathway that not only stabilizes the heart rhythm but shall provide curative effects to the diseased organ by preventing its electrical and structural remodeling.
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Amor & Labor Oy
VC Fund · 1 investments in Finland Medical Device startups

Amor & Labor Oy is a venture capital that offers early stage investments for businesses.

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Investment focus

  • Industry: Women's, Hardware, Software
  • Stage:Seed
  • Geography: Finland

Investor stats

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

Portfolio highlights

  • Augumenta — We develop intuitive and easy-to-use AR apps and tools that help companies improve their operational efficiency, quality, and safety.
  • Popit — Popit makes medication connected with a unique, medical grade solution. It tracks medication use automatically and reminds ONLY if you miss. Developed together with healthcare professionals.
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MVM Life Science Partners
VC Fund · London, England, United Kingdom · 1 investments in Finland Medical Device startups

MVM invests in innovative healthcare companies. Our active portfolio companies are transforming the delivery of healthcare by enabling higher quality, cost-effective care in large, global markets.

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Investment focus

  • Industry: Health Care, Medical, Biotechnology
  • Stage:Series B, Series C
  • Geography: United States, United Kingdom, Switzerland

Investor stats

  • Total investments: 81
  • Round size: Series B $7M–$42M; Series C $12M–$45M
  • Lead/follow: 46% lead, 54% follow
  • Last fund: Likely actively investing — fresh fund, raised $10M in 2025

Portfolio highlights

  • eZono — eZono is a young dynamic company focused on point of care solutions. Based in Jena, Germany, eZono brings together a multicultural team of experts, bringing a diverse and fresh approach to ultrasound guidance of interventional procedures.Founded in 2004, eZono AG is a different kind of ultrasound company, one that empowers non-traditionalultrasound users to incorporate sonography in their daily work. This enables their customers to improve clinical outcomes, enhance patient satisfaction and in particular lower cost. As a result they bring not only affordable portable sonography technology to specific applications but also makes it easy for instance for anesthetists to operate – reducing drastically their learning effort.
  • VitalConnect — VitalConnect develops wearable biosensor technology designed for wireless patient monitoring. It leverages extensive expertise in biomedical engineering, data analytics, chip design, and mobile and cloud software to create technology that supports decision-making paradigms. The company's products are designed for inpatient and outpatientsettings, such as hospital monitoring, post-discharge care, cardiac monitoring, and pharmaceutical solutions.
  • Beacon Endoscopic — Beacon Endoscopic (BE) is a Boston based medical device company innovating in existing interventional endoscopic procedures and developing next generation devices to change the paradigm of surgery
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Kristian Ranta
Angel · San Mateo, California, United States · 1 investments in Finland Medical Device startups

Kristian Ranta is based out of San Mateo, California and is the CEO & Founder of Meru Health. Kristian previously worked at Mendor as a co-founder. Kristian Ranta attended the University of Jyväskylä.

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Investment focus

  • Industry: Health Care, Apps, SaaS
  • Stage:Seed, Pre-Seed
  • Geography: Finland, United States

Investor stats

  • Total investments: 5
  • Round size: Seed $172k–$4M; Pre-Seed $380k–$1.1M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • AIATELLA — AIATELLA transforms cardiovascular diagnostics by harnessing AI to automate quantification, detection, and interpretation of medical images across multiple imaging modalities. Their technology boosts efficiency, ensures standardized analysis, and enables precision medicine, addressing the global challenges of radiologist shortages and the risingburden of cardiovascular diseases.
  • Solu — Discover the next generation toolkit for analyzing, storing and sharing bacterial genomes.
  • Junction — Vital API allows developers to access health data from wearable devices and at-home test kits. The company was founded in 2021 by Maitham Dib and is headquartered in San Francisco, California, United States.
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Petri Pöyhönen
Angel · Helsinki, Southern Finland, Finland · 1 investments in Finland Medical Device startups

Petri Pöyhönen

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Investment focus

  • Industry: Medical, Biotechnology, Medical Device
  • Stage:Series A
  • Geography: Finland

Investor stats

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

Portfolio highlights

  • Synoste — Globus Medical develops, manufactures, and distributes musculoskeletal device solutions. Learn about the implants and products we manufacture.
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Antti Rasi
Angel · Helsinki, Southern Finland, Finland · 1 investments in Finland Medical Device startups

Antti Rasi

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Investment focus

  • Industry: Medical Device, Health Diagnostics
  • Stage:Seed
  • Geography: Finland

Investor stats

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

Portfolio highlights

  • Fepod — Fepod Oy Ltd develops a point-of-care diagnostics platform for rapid blood concentration measurement of pain medicine and other markers. Using a mobile phone, portable reader, and disposable sensors, it delivers quick, accurate results in minutes, enabling timely treatment decisions in acute care settings. The company aims to be the #1 acute carePOC diagnostics platform by 2030.
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Kinled Holding
VC Fund · New York, New York, United States · 1 investments in Finland Medical Device startups

Kinled was founded in 1980 to retain the investment assets of the Aisher family.In 1990, the investment focus shifted to a portfolio of early stage investments applying Kinled’s company development experience alongside the endurance and passion of family owned investments together with the strategic focus of venture capitalists.Since then,Kinled has taken 8 companies to public markets and many more to successful trade sales at significant multiples.

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Investment focus

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

Investor stats

  • Total investments: 142
  • Round size: Seed $594k–$14M; Series A $1.7M–$40M
  • Lead/follow: 4% lead, 96% follow

Portfolio highlights

  • Esper — Esper is the first cloud-based platform to help governments proactively manage public policy with better data and transparency.
  • Varda — Expanding the economic bounds of humankind with the world's first orbital manufacturing & reentry platform.
  • TAG Therapeutics — TAG Therapeutics develops precision medicine approaches for telomere pathologies and aging-related diseases, such as Idiopathic Pulmonary Fibrosis and Short Telomere Syndromes
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University of Helsinki
VC Fund · Helsinki, Southern Finland, Finland · 1 investments in Finland Medical Device startups

The University of Helsinki has the widest range of disciplines in Finland. It was established in Turku in 1640, but was transferred to Helsinki in 1828. The number of faculties is eleven. There are 35,000 degree students and 7,900 staff. The number of degrees taken each year is an average 5,000, of which about 470 are doctorates. The University concentrates on high-level scientific research and researcher education. Scientific research is also the basis of the teaching provided by the University. The University operations support the development of society, as well as business and industry. University representatives offer their competencies for the benefit of society through a number of positions of trust and expertise. The results produced by the research and teaching carried out at the University have been widely acclaimed. The University participates in more than half of the national Centres of Excellence in Research, elected by international scientific panels. The University of Helsinki has been invited to be a member of the League of European Research Universities, a co-operation body for the leading European research universities. According to international expert panels, also the teaching provided by the University of Helsinki is of a high European level. The University has strong international connections. It has some 80 co-operation agreements with universities on different continents. The University researchers are in great demand as experts in international scientific communities, meetings and publications. The University is bilingual, but in addition to Finnish and Swedish teaching is also provided in English. Besides Helsinki, the University has operations at 20 localities throughout Finland.

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Investment focus

  • Industry: Medical, Health Care, Biotechnology
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Finland, Luxembourg, United States

Investor stats

  • Total investments: 12
  • Round size: Seed $54k–$7.4M; Pre-Seed $837k–$1.2M; Series A $2.9M–$34M
  • Lead/follow: 17% lead, 83% follow

Portfolio highlights

  • Ferrivia — Ferrivia on suomalainen palvelu, joka keskittyy raudanpuutteen ja rautaterveyden mittaamiseen.
  • Avenue Biosciences — From biotechnology tools to therapy discovery and development: Our platform enhances production yield and the quality of your end product.
  • Kasvu Therapeutics — Kasvu develops first and best-in-class small molecule neuroplastogens for diseases where neuronal connectivity is altered
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Danube BioVentures
VC Fund · 1 investments in Finland Medical Device startups

Investment focus

  • Industry: Medical, Medical Device, Health Diagnostics
  • Stage:Pre-Seed
  • Geography: Finland

Investor stats

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

Portfolio highlights

  • Cornea Sense — CorneaSense is a medtech startup developing a non-invasive, eye-based sensing device that measures ocular surface hydration to enable early detection and monitoring of conditions such as dry eye disease and systemic health disorders. The technology aims to provide real-time, objective eye biomarkers for improved clinical diagnosis and patient care.
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XR Invest
VC Fund · 1 investments in Finland Medical Device startups

XR Invest is an investment firm focused on medtech and digital health early-stage start-ups.

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Investment focus

  • Industry: Medical Device, Sensor, Medical
  • Stage:Series A, Series B, Series C
  • Geography: Finland, United States

Investor stats

  • Total investments: 4
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Augmedics — Augmedics is a provider of augmented reality (AR) surgical image guidance solutions. Augmedics seeks to improve healthcare by developing cutting-edge technologies that will revolutionize surgical treatment. The company’s first product, the xvision-spine (XVS) system, is an augmented-reality surgical navigation system designed to allow surgeons tosee and navigate inside a patient’s body during complex procedures.
  • Synoste — Globus Medical develops, manufactures, and distributes musculoskeletal device solutions. Learn about the implants and products we manufacture.
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Kustaa Piha
Angel · Helsinki, Southern Finland, Finland · 1 investments in Finland Medical Device startups

Healthcare business development, management, and investing. Very good knowledge on healthcare services and public health. Kustaa Piha is interested in new business and investment opportunities and better ways of producing excellent healthcare services.

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Investment focus

  • Industry: Health Care, Health Diagnostics, Medical Device
  • Stage:Seed, Venture - Series Unknown
  • Geography: Finland

Investor stats

  • Total investments: 5
  • Round size: Seed $537k–$1.3M
  • Lead/follow: 80% lead, 20% follow

Portfolio highlights

  • Sooma — Sooma provides unique therapy solutions that combine effectiveness with ease-of-use. Therapies are based on tDCS method.
  • Klinik — Klinik® is an innovative health website designed from the very beginning to meet the needs of users. They offer advanced tools for consumers to identify their conditions and to treat them properly, and if needed, they connect them with matching health professionals. It’s a unique platform for health experts to show their true expertise toconsumers. Main characteristics of their offering are:1) Easy access to qualified and reliable health and medical information2) Helping people to identify their conditions3) Providing people valid evidence-based info on self care4) Integrating professional healthcare providers with users requesting additional medical.
  • Kaiku Health — Kaiku Health is a digital health company with a mission to improve quality of life through health data science. We have built an intelligent digital platform for monitoring patient-reported outcomes in several therapy areas, such as cancer care, fertility treatments and preventive health care. Its unique algorithms enable early interventions andpersonalized patient support. Currently over 30 European hospitals and clinics are using our platform to better monitor their patients, reducing manual work and allowing prioritization of clinical actions. This along with the capture and analysis of real-world data paves way for more personalized and effective care of each patient. The company, founded in 2012 by five software developers deeply passionate about health care technology, has now grown to team of 20+ dedicated employees. The company is backed by Reaktor Ventures, along with other venture capital funds and private investors, and is supported by Tekes – the Finnish Funding Agency for Innovation.
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Gerresheimer Glas
VC Fund · Düsseldorf, Nordrhein-Westfalen, Germany · 1 investments in Finland Medical Device startups

Your global partner for packaging and drug delivery systems in glass and plastic. Discover our solutions for pharma, biotech & cosmetics.

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Investment focus

  • Industry: Health Care, Medical Device
  • Stage:Seed
  • Geography: Finland

Investor stats

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

Portfolio highlights

  • Adamant Health — Adamant Health’s unique technology to analyse Parkinson’s disease symptoms is based on over 15 years of academic research at the University of Eastern Finland. With the technology, clinicians have several days detailed visibility to the patient’s symptoms and is able to optimise the treatment accordingly. Pharma companies benefit from the objectiveand long-term RW data in their clinical and post market studies and can utilise it as complementary diagnostics tool for personalised medication.
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Italian Angels for Growth
VC Fund · Milan, Lombardia, Italy · 1 investments in Finland Medical Device startups

IAG is an angel investor network that offers access to its affiliates to early-stage venture opportunities. Its members to date have deployed over 22 million Euros to support 41 startups in the series seed/series A stage in many verticals, among which: Medtech, SAAS, e-commerce, Fintech, and high tech at large. Every investment opportunity at IAG is vetted by a professional team together with expert members of the group. Once invested, the company receives the support of up to two Investment champions, who bring their expertise to the table and help them succeed.

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Investment focus

  • Industry: Software, E-Commerce, Health Care
  • Stage:Seed, Angel, Series A
  • Geography: Italy, United States, United Kingdom

Investor stats

  • Total investments: 106
  • Round size: Seed $331k–$5.1M; Angel $219k–$987k; Series A $3M–$14M
  • Lead/follow: 24% lead, 76% follow

Portfolio highlights

  • Cato AI — Search, analyze and bid on Italian public tenders with AI, automating the manual work for bid offices and sales teams.
  • AUDIOGEN — Generate your sounds with AI. Create an infinite world of sounds - sound effects, samples, and music, instantly. Get Started Free.
  • Alomana — Alomana is an organization that focuses on harnessing the power of artificial intelligence and data analytics to drive insights and innovation across various industries. They offer a range of services, including data analysis, machine learning model development, and AI-driven solutions tailored to meet the specific needs of their clients. Datasparkemphasizes the importance of data-driven decision-making and works closely with businesses to implement strategies that enhance operational efficiency and improve outcomes. With a commitment to advancing the use of AI and data analytics, Dataspark aims to empower organizations to unlock the full potential of their data and stay competitive in a rapidly changing market.
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Medical Device Investor funding in Finland at a glance

Stats across 95 deals from 88 investors.

88
investors
in Finland Medical Device startups
95
deals
in Finland Medical Device startups
$1.3M
median round
in Finland Medical Device startups
48%
lead investors
lead at least one round
29%
Seed
most common funding stage
90/10
VC / Angel
share of investor count

Access all 88 investors in Finland Medical Device startups.

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