Butterfly Ventures
VC Fund
Oulu, Finland
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.
- Total investments:
- 91
- Last investment:
- Lead investor:
- 42%
- Fund size:
- $49M
- Last fund:
Last updated:
For AI agents: llms.txt
Industries Butterfly Ventures invests in
Stages Butterfly Ventures invests in
Countries Butterfly Ventures invests in
Round sizes
Contacts
| Name | Phone | Socials | |
|---|---|---|---|
| See all 6 contacts → | |||
Round size
- Seed
- $224k–$2.2M
- Pre-Seed
- $110k–$4.3M
Investment Focus
Industry
- Software 14 (15%)
- Health Care 14 (15%)
- Information Technology 9 (10%)
- Electronics 7 (8%)
- Mobile 5 (5%)
Stage
- Seed 48 (53%)
- Pre-Seed 13 (14%)
- Funding Round 9 (10%)
- Venture - Series Unknown 9 (10%)
- Series A 2 (2%)
Country
- Finland 52 (57%)
- Sweden 11 (12%)
- Norway 2 (2%)
- Denmark 1 (1%)
- Estonia 1 (1%)
Team
| Name | Title | Investments | Links | |
|---|---|---|---|---|
Anette Nordvall
Venture partner
|
Venture partner | Total investments: 1 | Find email | |
Anti Kodar
Venture partner
|
Venture partner | Total investments: 2 | Find email | |
Juho Risku
Co-Founder, Partner
|
Co-Founder, Partner | Total investments: 3 | Find email | |
Matti Kanninen
Co-Founder, Managing Partner
|
Co-Founder, Managing Partner | Total investments: 0 | Find email | |
Tanya Marvin-Horowitz
Partner
|
Partner | Total investments: 10 | Find email | |
| See all 6 team members → | ||||
Investments
| Company | Description | Round | Links |
|---|---|---|---|
| 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. | $6M / Venture - Series Unknown / Feb 20, 2026 | ||
| Polar Light Technologies focuses on developing the next generation of Nano and micro LED technology. | $5.8M / Venture - Series Unknown / Jan 12, 2026 | ||
| DREV is a cleantech company manufacturing contamination control solutions for the world’s most advanced manufacturing facilities. | $500K / Seed / Nov 05, 2025 | ||
| Brightplus is an innovative renewable materials manufacturing company from Finland. We specialise in design and development of new functional properties for industrial biomaterial solutions. We cater for industries like packaging, construction, cosmetics and consumer goods. Our expertise is based on developing solutions to multiple industries andproviding fast prototyping and full fit for customers’ production lines. Our deep chemical BrightBio® technology creates an optimal fit between coatings, barriers and plastic replacing materials to help you in raising your material functionality to the next level. | $2.3M / Jul 15, 2025 | ||
| Polar Light Technologies focuses on developing the next generation of Nano and micro LED technology. | $3.5M / Venture - Series Unknown / Apr 03, 2025 | ||
| 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. | $2.2M / Venture - Series Unknown / Mar 13, 2025 | ||
| Happy Plant Protein develops a plant protein technology. | $1.9M / Pre-Seed / Nov 12, 2024 | ||
| Hypertype is a full-stack automation platform built for industrial aftersales. It combines three connected modules — Data Governance, AI Agents, and a Co-pilot + Management Layer — all powered by HyperBrain, a self-learning intelligence layer that continuously adapts to each customer’s data, feedback loops, and workflows to deliver end-to-endautomation and real-time operational insights. | $666.2K / Seed / Jul 04, 2024 | ||
| Clean water is one of the largest future challenges we stand before, and toxic pollutants are a large contributing factor. Heavy metals are some of the most toxic chemicals to human health and it is our goal, through our innovation, to contribute to a world where water treatment is more environmentally friendly and effective. Atium exists to helpensure clean water, for everyone. | $639.8K / Seed / Jun 17, 2024 | ||
| Flow Computing improves the CPU performance for AI and general-purpose parallel computing applications. | $4.3M / Pre-Seed / Jun 11, 2024 | ||
| See all 91 investments → | |||
Co-Investors
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FAQ
What does Butterfly Ventures invest in?
Butterfly Ventures invests primarily in Software, Health Care and Information Technology startups, most often at Seed and Pre-Seed stage. Most of the 91 investments tracked by Shizune back companies in Finland. The Investment Focus section breaks down every industry, stage and country in the portfolio.
What is Butterfly Ventures's check size?
Butterfly Ventures typically joins rounds of $224k–$2.2M at Seed and $110k–$4.3M at Pre-Seed. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Butterfly Ventures participates in.
How do I contact Butterfly Ventures?
Public channels for Butterfly Ventures include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.
Who are the partners at Butterfly Ventures?
The team at Butterfly Ventures includes Anette Nordvall (Venture partner), Anti Kodar (Venture partner) and Juho Risku (Co-Founder, Partner), among 6 team members tracked by Shizune. The Team section lists each member with their title, investment count and links.
Is Shizune's investor data accurate?
Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Oct 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.
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