Top 20 Music VC Funds &amp; Investors in Finland (June 2026)

Reaktor Ventures has moved to the next phase by focusing its efforts to actively supporting current portfolio companies. This means that the fund has ended its investment period and is not investing into new companies. Between 2013 and 2018 we have invested into 42 different companies and one early stage fund. We will naturally keep makingfollow-up investments to current portfolio companies.

Investment focus

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

Investor stats

Total investments: 54
Round size: Seed $137k–$2M; Pre-Seed $159k–$1.8M; Series A $1.7M–$6.6M
Lead/follow: 13% lead, 87% follow

Portfolio highlights

Valpas — Valpas is the hygiene protocol that reassures your future guests and keeps your hotel clean from the most uncontrollable: bed bugs
Swappie — Buy refurbished iPhones at an affordable price - Swappie offers refurbished and cheap iPhones with a free 12-month Swappie warranty.
Videoly — The easiest way for online retailers to get hand-picked and automatically embedded product videos.

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

Investment focus

Industry: Software, Information Technology, Internet
Stage:Seed, Pre-Seed
Geography: Finland, Lithuania, Estonia

Investor stats

Total investments: 92
Round size: Seed $212k–$3.1M; Pre-Seed $620k–$1.8M
Lead/follow: 54% lead, 46% follow
Last fund: May invest from a new fund soon — raised $35M in 2020

Portfolio highlights

eMabler — We accelerate our customers' business growth by convenience in eMobility with our API-first platform
Creagent — Find designers. Screened & shortlisted. Easy, fast and cost-effective - the smart way of sourcing with AI.
Dripit.io — dripit - Discover new music trends and predict the Hype

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WE HELP YOU TO GROW FASTER!

Investment focus

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

Investor stats

Total investments: 74
Round size: Seed $77k–$1.3M; Series A $2M–$14M
Lead/follow: 16% lead, 84% follow

Portfolio highlights

Pebble — Pebble is a electric vehicle manufacturing startup.
Transfluent — Professional translations for all business needs. Fast. Easy.
BetterDoctor — Our provider network software solutions & services provide unmatched tools & insights for you. Discover how you can measure, manage, monitor & model.

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Sisu Game Ventures is an early-stage venture capital fund focused 100% on games. We set up shop in 2014 to support the most promising founders in the industry. Sisu has deep roots in the Nordic region, but our network of founders is fully global.The Sisu team consists of Samuli, Paul, Erik, Kalle, Moaffak, Kadri, and Jere - all of whom haveextensive backgrounds in the game industry and startup circles, both as entrepreneurs and investors. We've founded and built sixteen game companies since the early 90s and had several successful exits. Apart from funding companies, the team uses their expertise to act as a studio builder. Individual founders are supported in building their team, honing their product strategy and in gathering the right group of investors.

Investment focus

Industry: Gaming, Video Games, Software
Stage:Seed, Series A
Geography: Finland, United States, Iceland

Investor stats

Total investments: 53
Round size: Seed $576k–$4.6M; Series A $6.1M–$38M
Lead/follow: 21% lead, 79% follow
Last fund: Likely still investing — raised $50M in 2021

Portfolio highlights

emptyvessel — Emptyvessel is a gaming community that helps in crafting the new horizons of gaming.
Seven Stars — De perfecte match in IT. Die maken wij. Als IT-flex regisseur en specialist in IT-bemiddeling verbinden we professionals met de beste IT-opdrachten. Snel, soepel en zonder gedoe. We make IT spark.
Antihero Studios — Antihero Studios creates multiplayer mobile games focused on social interaction and community engagement.

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A startup studio and investment firm backing bold founders through capital, operational depth, and 25+ years of company-building experience. Discover what we build and invest in.

Investment focus

Industry: Software, Health Care, Information Technology
Stage:Seed, Series A
Geography: Canada, United States, United Kingdom

Investor stats

Total investments: 49
Round size: Seed $700k–$5M; Series A $3M–$15M
Lead/follow: 8% lead, 92% follow

Portfolio highlights

Pibox — Pibox is an all-in-one platform, where music production professionals manage, share, and refine audio. Perfect for project management, audio collaboration, collecting feedback, and seamless communication.
Appello — Streamline workforce management, health & safety compliance, and resource allocation for construction businesses with Appello.
Insight Terra — Insight Terra supports data driven risk management in critical situations where business operations, people and the environment all come together.

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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

Industry: Software, Manufacturing, Health Care
Stage:Series A, Series B
Geography: Finland, United States, Switzerland

Investor stats

Total investments: 142
Round size: Series A $2.2M–$41M; Series B $3.1M–$35M
Lead/follow: 16% lead, 84% follow

Portfolio highlights

ICEYE — Gain access to timely and reliable SAR imaging from the world's leading New Space SAR satellite constellation.
Wirepas — Wirepas offers a standards-based, ultra-reliable mesh connectivity for infrastructure-grade IoT. Proven in millions of devices worldwide.
MaaS Global — Whim combines all the transportation you need: Public transport, shared cars, bikes, e-scooters, taxis, and more! One app to plan, book, and pay.

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.Cocoon | Hubs | Investments

Investment focus

Industry: Software, Apps, SaaS
Stage:Seed, Angel, Series A
Geography: Estonia, Finland, Germany

Investor stats

Total investments: 7
Round size: Seed $955k–$2.1M
Lead/follow: 14% lead, 86% follow

Portfolio highlights

Speakly — SPEAKLY is a powerful language learning tool
Timbeter — Digital supply chain management for timber. Our Timber Resource Planning ensures that the forestry industry & governments increase sustainability, efficiency and transparency
Ready Player Me — The Ready Player Me platform leverages AI, ML , and a suite of developer-first tools to empower developers to integrate avatars into their games and apps to launch faster, improve user adoption, and grow revenue through asset monetization.

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Pre-seed and seed investors backing 300+ ambitious founders from day one.

Investment focus

Industry: Software, FinTech, Internet
Stage:Seed, Pre-Seed
Geography: United Kingdom, United States, Italy

Investor stats

Total investments: 209
Round size: Seed $229k–$4.1M; Pre-Seed $445k–$2.4M
Lead/follow: 24% lead, 76% follow
Last fund: Likely still investing — raised $22M in 2024

Portfolio highlights

Hosel — Hosel's objective is to make golf more cheap, sustainable, and accessible by unlocking the value of used equipment.
Saltroad — Get matched with an experienced HCPC Speech and Language Therapist based on your child's needs, your budget and your schedule. Loved by parents & children.
ReBorn® Homewares — ReBorn purpose is to transform the sustainability of the global homewares industry. We are committed to creating the most stylish and planet-friendly homewares, and driving collective change in the UK and beyond .Our five key principles are: 1.Recycling Waste 2.Local production 3.Circular Design 4.Stylish Solutions 5.Collaborative Power

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Initial Capital is an investor in seed and early-stage technology companies with a focus on games, consumer services & technology enablers.

Investment focus

Industry: Gaming, Mobile, Software
Stage:Seed, Series A
Geography: United Kingdom, United States, Finland

Investor stats

Total investments: 91
Round size: Seed $796k–$4.2M; Series A $988k–$12M
Lead/follow: 26% lead, 74% follow

Portfolio highlights

Supercell — Visit Supercell.com and find out more about us and our games.
Antidote — London-based startup studio for Bitcoin founders
BetterDoctor — Our provider network software solutions & services provide unmatched tools & insights for you. Discover how you can measure, manage, monitor & model.

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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

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

Investor stats

Total investments: 59
Round size: Series B $2.1M–$14M; Private Equity $16M–$100M
Lead/follow: 61% lead, 39% follow
Last fund: May invest from a new fund soon — raised $179M in 2019

Portfolio highlights

CSE Entertainment — WE BRING JOY AND MOVEMENT FOR MILLIONS OF PEOPLE AROUND THE WORLD. In our core is the idea of diversity and equality of physical activity and sport. We are changing eSport and Exergaming concepts, and in 2025 CSE will be the leading exergaming brand in the world. Our products and services are used widely in family entertainment, fitness,education, and rehabilitation.
Kuntokeskus Liikku — Kuntokeskus Liikku is a fitness club that provides multidisciplinary services like gym, aquatics, and sports training.
Suomen Avustajapalvelut —

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

Investment focus

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

Investor stats

Total investments: 181
Round size: Seed $127k–$4.2M; Grant $48k–$11M; Debt Financing $212k–$4.9M
Lead/follow: 39% lead, 61% follow
Last fund: May invest from a new fund soon — last raise in 2017

Portfolio highlights

SSAB —
Valio — We are Valio Group: the most innovative dairy and food company in the world.
Jaakko.com — Reinventing the housing market with no agents, more homes, and less fees.

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Tamares, a private investment group with significant interests in real estate, technology, manufacturing, leisure and media. Tamares Private Equity invests passively and actively in operating businesses in Europe, the US, the Middle East and Asia.

Investment focus

Industry: Software, Hardware, Cloud Computing
Stage:Seed, Series A, Series B
Geography: United States, Israel, Finland

Investor stats

Total investments: 5
Round size: Seed $1.3M–$1.9M
Lead/follow: 0% lead, 100% follow

Portfolio highlights

Singa — Turn your computer, mobile or smart TV into a karaoke machine. A huge song library: pop, rock, hip hop and more. Get the free Singa karaoke app today!
Mezmo — LogDNA is a centralized log management solution that helps application owners operate more harmoniously in a DevOps world.
Plate IQ — Save time and money with automated invoice processing, bill pay, and more.

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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

Industry: Software, Health Care, Information Technology
Stage:Seed, Series A
Geography: Finland, United States, Switzerland

Investor stats

Total investments: 92
Round size: Seed $250k–$1.5M; Series A $1.7M–$22M
Lead/follow: 15% lead, 85% follow

Portfolio highlights

AISTI — AISTI develops wood fiber-based acoustic tiles that are carbon negative, easy to recycle and plastic-free – bringing sustainability to construction tile by tile.
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.
Nexstim — Nexstim is a medical device company that specializes in image-guided transcranial magnetic stimulation. The company is committed to improving the quality of life of patients with significant unmet clinical needs. It has developed a SmartFocus TMS technology designed for the treatment of the major depressive disorder.The company was founded in2000 and is headquartered in Helsinki, Southern Finland.

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Investment in Early, Growth and Late stage projects

Investment focus

Industry: Legal, EdTech, Software
Stage:Pre-Seed, Seed
Geography: United States, Ukraine

Investor stats

Total investments: 7
Round size: Seed $300k–$1.8M; Pre-Seed $400k–$1.2M
Lead/follow: 29% lead, 71% follow

Portfolio highlights

Pibox — Pibox is an all-in-one platform, where music production professionals manage, share, and refine audio. Perfect for project management, audio collaboration, collecting feedback, and seamless communication.
OneNotary — Looking for a reliable and convenient on-demand online notary service for your business? OneNotary platform offers fully legal and secure notarization services in all 50 states.
Narrative BI — Narrative BI is an augmented analytics platform for growth teams that automatically generates data insights in natural language.

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Arteel Ventures is a fully independent and invests from its balance sheet. As an investment vehicle, we are focused on innovative early stage start-ups with capable management team and disruptive idea in areas of internet, mobile device based services and solutions. We make investments between 25.000 – 150.000 €.Arteel Ventures is not a fund, sowe don’t have a need to stamp any sell before dates to company we invest in. We invest not only equity but also our time, knowledge and network to the use of our portfolio companies. Our investment approach is active and hands-on, as is our approach to ownership. We believe in independence, openness and clarity when partnering with entrepreneur-driven management teams.

Investment focus

Industry: CRM, Music, Sales
Stage:Seed, Angel
Geography: Finland, Estonia, United States

Investor stats

Total investments: 7
Round size: Seed $500k–$3.6M
Lead/follow: 0% lead, 100% follow

Portfolio highlights

Zapflow — Zapflow is the all in one solution for investment professional working in venture capital, private equity and alternative investments.
Wellness Foundry — MealLogger, your photo food journal and nutrition network, is the fast and easy way to keep track of your personal wellness. App available on iOS and Android
EatAndTheCity — EatAndTheCity helps international newspapers, magazines, local media & food guides monetise the influence of their content. We enhance the communication between local communities and local media. Their revenue generating restaurant journalism platform for media companies allows users to not only discover but to reserve gastronomic experiences.EatAndTheCity’s white label platform already collaborates with leading companies in Finland and Estonia and Germany. Media and publishing companies are able to leverage their connection with local communities to generate new revenue streams. Combining these features and the business model in cooperation with local media companies differentiates us from the competitors.

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We're a Prague-based VC firm investing in fast growing tech companies and empowering talented startup founders from Central and Eastern Europe.

Investment focus

Industry: SaaS, Software, Information Technology
Stage:Seed, Pre-Seed, Series A
Geography: Czech Republic, United States, Estonia

Investor stats

Total investments: 80
Round size: Seed $713k–$2.7M; Pre-Seed $132k–$1.4M; Series A $3.8M–$32M
Lead/follow: 51% lead, 49% follow
Last fund: Likely actively investing — fresh fund, raised $159M in 2024

Portfolio highlights

Corn — Corn is a new Ethereum Layer 2 network that aims to be the best platform for utilizing Bitcoin.
PilotGo — Developer platform for secure data sharing with multiple partners powered by Digital Twins.
The New Era® of Shopping — The New Era® of Shopping helps merchants make their catalogues discoverable and shoppable inside AI assistants. Key features of the platform include two-way catalog syncing with PIMs/ERPs, SKU-level intelligence to measure AI visibility and ranking of products inside LLM responses, user prompts analysis for trends and volume insights, andautomated content optimization to improve how products rank in conversational answers. The product is already integrated with all major eCommerce platforms like Shopify, WooCommerce, Magento, BigCommerce, Wix, etc, as well as main AI discovery platforms: ChatGPT, Gemini, Claude, Google AI Mode, and Perplexity.

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Trind VC is a founder-first venture capital firm investing in early-stage consumer startups across Europe. We back ambitious teams, help them grow, and stay by their side through every stage of the journey.

Investment focus

Industry: Software, Information Technology, SaaS
Stage:Seed, Series A
Geography: Finland, Estonia, Spain

Investor stats

Total investments: 36
Round size: Seed $549k–$4.9M; Series A $5.5M–$15M
Lead/follow: 44% lead, 56% follow
Last fund: May invest from a new fund soon — raised $27M in 2018

Portfolio highlights

Mjuk — Marketplace for pre-owned, unique design furniture
Webel — Webel is an on demand Home Services Marketplace (cleaning, nannies, tutors...) where clients can search, book, compare, pay and review these services. Thanks to a deep analysis of the current methods for hiring these services and the competition outlook, we have created a unique and revolutionary business model that will outperform the market.
Xceed — Go out and live the best night events, parties & festivals at top clubs, bars and restaurants from around the world. Guest lists, tickets & VIP bottle service.

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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.

Investment focus

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

Investor stats

Total investments: 92
Round size: Seed $900k–$8M; Pre-Seed $1.1M–$2.7M; Series A $3.3M–$37M
Lead/follow: 47% lead, 53% follow
Last fund: Likely actively investing — fund raised in 2024

Portfolio highlights

Yaak Technologies ApS — Safety in urban self-driving is currently an afterthought. At Yaak, we distill safety from driving experts for the next generation of human and autonomous driving.
IXI — Discover adaptive glasses with autofocus lenses that adjust to your viewing needs, providing seamless clarity at any distance.
Quanscient — We are building next generation simulation software-as-a-service utilizing Quantum computing algorithms. Our specialty domain of simulations is Computational Electromagnetics.

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Miston is a privately owned investment company and family office. We actively invest and participate in developing companies with exceptional growth potential, ranging from start-ups to more mature companies.

Investment focus

Industry: Music, Mobile
Geography: Finland

Investor stats

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

Portfolio highlights

Mobile Backstage — Customer service is our #1 priority. Get a premium domain for your website today. Financing available.

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