# Illusian Founder Office

> Illusian Founder Office is a VC fund backing Software. See 53 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Helsinki, Finland
- Total investments: 53
- Last investment: Jun 2026
- Lead investor: 0%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/illusian-family-office/about/
- Website: https://illusian.org/

Illusian Founder Office is a VC fund in Helsinki focused on Software and Artificial Intelligence. Illusian is the Founder Office of people who have founded and scaled companies like Supercell, Zalando, Wolt, Aiven, Pigment, and Smartly. While the group is still busy running their businesses, they've aligned their networks, capital, and expertise to simultaneously support the next generation of builders.

## Contacts

5 contacts available for Illusian Founder Office. Shizune tracks 3 team members at Illusian Founder Office. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/illusian-family-office?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $2.6M–$9M |
| Series A | $5.9M–$42M |
| Series B | $35M–$90M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Software | 13 | 25% |
| Artificial Intelligence | 7 | 13% |
| Information Technology | 6 | 11% |
| SaaS | 3 | 6% |
| FinTech | 3 | 6% |

80 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 19 | 36% |
| Series A | 13 | 25% |
| Series B | 5 | 9% |
| Series C | 3 | 6% |
| Pre-Seed | 2 | 4% |

7 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Finland | 17 | 32% |
| United States | 9 | 17% |
| Germany | 6 | 11% |
| United Kingdom | 5 | 9% |
| Lithuania | 2 | 4% |

6 countries tracked in total.

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Ilkka Paananen | Co-Founder | 65 | https://shizune.co/investors/profile/ilkka-paananen |
| Mikko Savolainen | Partner | 1 | https://shizune.co/investors/profile/mikko-savolainen-ca01 |
| Teemu Korhonen | Partner | 0 | https://shizune.co/investors/profile/teemu-korhonen |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| NewOrbit Space | NewOrbit Space is a satellite manufacturing company. We engineer Earth's lowest orbiting satellites, at altitudes of 180km (3x lower than conventional LEO satellites) we enable better imagery resolution and telecommunication services from space. | $18.5M | Series A | Jun 08, 2026 |  |
| CodeWords | CodeWords is a technology startup working on AI systems for workflow automation. Their platform CodeWords lets anyone create automations and AI workflows by chatting with AI. Agemo's technology is designed to build code-based workflows and systems that can autonomously reason through software. | $9M | Seed | May 05, 2026 |  |
| Riff | Databutton is an online app builder that empowers the next generation of entrepreneurs and innovators. It enables anyone to create dynamic online apps in minutes by connecting to a growing array of sources, models, and integrations, or by utilizing their own datasets. 먹튀검증 https://muktts.net/ | $16.3M | Series A | Oct 23, 2025 |  |
| Vibe | Vibe is a streaming TV advertising company for small and medium-sized businesses. Advertisers select which app(s), channel(s), or live sports league(s) to advertise with, target specific audiences, optimize their spending based on performance metrics, upload their creative assets, and go live on TV. It is a self-serve CTV and OTT ad platform thatallows advertisers to launch or insert CTV and OTT ad campaigns. The platform provides insights into the ads and allows advertisers to edit the ad strategy. | $50M | Series B | Sep 30, 2025 |  |
| Ovido | Ovido company specialises in supply chain and product data automation, with a focus on providing full product traceability and the establishment of Digital Product Passports (DPPs). | $2.8M | Seed | Jun 17, 2025 |  |
| Ontik | Ontik provides a modern payment platform that helps merchants achieve a greater number of trade customers. The platform automate key credit processes and reduces the administrative burden and enables real-time reporting, minimise credit losses, and get paid on time. | $3.7M | Seed | May 20, 2025 |  |
| IXI | IXI was founded in 2021 in Espoo, Finland, with a simple premise: to create eyewear that provides optimal vision in every situation. Using cutting-edge technology, IXI glasses intelligently adapt to your eye movements, automatically focusing to help you see more—sharper—all within beautifully designed frames. Their first-generation product iscurrently in development, with more details to follow closer to launch. Sign up for early access here: https://ixieyewear.com | $36.5M | Series A | Apr 28, 2025 |  |
| Ever | Ever is a technology and automotive company that helps its customers buy and sell high-quality electric vehicles. The company is based out of San Francisco, backed by leading investors, and led by former tech & automotive professionals from Uber, Lithia, Penske, Rivian, Carvana, Tesla, Lucid, TrueCar, Longo Toyota, Boston Consulting Group, J.P.Morgan, Lyft, Shopify, Flexport, Golden Gate Capital, and more. | $17.5M | Seed | Dec 31, 2024 |  |
| Zero | If you want to know more or have any queries, just knock us here– 24 Hours Reply/Contact Email: smmsellshop@gmail.com Telegram: @smmsellshop Skype: smmsellshop | $2.7M | Pre-Seed | Dec 02, 2024 |  |
| Taito.ai | Taito.ai provides an AI platform that allows users to develop and deploy intelligent applications. It supports various tools and features for building machine learning models. Users can access resources for training and optimizing their AI solutions. | $2.6M | Seed | Nov 20, 2024 |  |

10 of 53 investments shown.

## Co-investors
- [Lifeline Ventures](https://shizune.co/investors/profile/lifeline-ventures) — VC Fund, 14 deals together
- [IVP](https://shizune.co/investors/profile/institutional-venture-partners) — VC Fund, 12 deals together
- [Accel](https://shizune.co/investors/profile/accel) — VC Fund, 7 deals together
- [Firstminute Capital](https://shizune.co/investors/profile/firstminute-capital) — VC Fund, 7 deals together
- [Maki.vc](https://shizune.co/investors/profile/maki-vc) — VC Fund, 5 deals together
- [First Fellow Partners](https://shizune.co/investors/profile/first-fellow-partners) — VC Fund, 4 deals together

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## FAQ

### What does Illusian Founder Office invest in?

Illusian Founder Office invests primarily in Software, Artificial Intelligence and Information Technology startups, most often at Seed and Series A stage. Most of the 53 investments tracked by Shizune back companies in Finland. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Illusian Founder Office's check size?

Illusian Founder Office typically joins rounds of $2.6M–$9M at Seed, $5.9M–$42M at Series A and $35M–$90M at Series B. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Illusian Founder Office participates in.

### How do I contact Illusian Founder Office?

Public channels for Illusian Founder Office include LinkedIn 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 Illusian Founder Office?

The team at Illusian Founder Office includes Ilkka Paananen (Co-Founder), Mikko Savolainen (Partner) and Teemu Korhonen (Partner). 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 Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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