# Ilmarinen Mutual Pension Insurance Company

> Ilmarinen Mutual Pension Insurance Company is a VC fund backing Medical and Health Care. See 10 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Location: Helsinki, Finland
- Total investments: 10
- Last investment: Jun 2026
- Lead investor: 0%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/ilmarinen
- X (Twitter): https://www.twitter.com/ilmarinen_tweet
- Website: http://www.ilmarinen.fi

Ilmarinen Mutual Pension Insurance Company is a VC fund in Helsinki focused on Medical and Health Care. Ilmarinen is an employment pension company. The term illustrates what we offer: insurance and pensions linked to work.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Medical | 2 | 20% |
| Health Care | 2 | 20% |
| Electric Vehicle | 2 | 20% |
| Public Transportation | 2 | 20% |
| iOS | 1 | 10% |

32 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Funding Round | 2 | 20% |
| Venture - Series Unknown | 2 | 20% |
| Series B | 1 | 10% |
| Series D | 1 | 10% |
| Series E | 1 | 10% |

8 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Finland | 8 | 80% |
| Sweden | 1 | 10% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| ICEYE | ICEYE is a space technology company that develops and operates a constellation of synthetic aperture radar (SAR) satellites used for Earth observation and persistent monitoring. The company provides satellite imagery and data that enable governments, defense organizations, insurers, financial institutions, and other commercial users to monitoractivities and environmental conditions across the globe. Its SAR technology captures imagery regardless of cloud cover, weather conditions, or time of day, supporting applications such as disaster response, infrastructure monitoring, maritime awareness, environmental monitoring, and security operations. ICEYE also delivers satellite-based intelligence systems and analytical solutions that help organizations assess events, track changes, and make operational decisions using near real-time information. Through its satellite network and data services, the company supports monitoring and situational awareness across a range of public and commercial sectors. | $519.7M | Series F | Jun 09, 2026 |  |
| ICEYE | ICEYE is a space technology company that develops and operates a constellation of synthetic aperture radar (SAR) satellites used for Earth observation and persistent monitoring. The company provides satellite imagery and data that enable governments, defense organizations, insurers, financial institutions, and other commercial users to monitoractivities and environmental conditions across the globe. Its SAR technology captures imagery regardless of cloud cover, weather conditions, or time of day, supporting applications such as disaster response, infrastructure monitoring, maritime awareness, environmental monitoring, and security operations. ICEYE also delivers satellite-based intelligence systems and analytical solutions that help organizations assess events, track changes, and make operational decisions using near real-time information. Through its satellite network and data services, the company supports monitoring and situational awareness across a range of public and commercial sectors. | $174.7M | Series E | Dec 05, 2025 |  |
| Silmäasema | Silmäasema is the eye care provider and second largest optical retailer in Finland. The company offers optical goods, eye surgery, eye laboratory and specialist services. Silmäasema runs 140 stores and 13 eye clinics covering the whole Finland and Estonia with its network. | $43.3M | Private Equity | May 19, 2023 |  |
| Fennoa Oy | Fennoa Oy It is software that aids in the management and control of business activities. The elements of this online financial management tool are all included, from accounting to improving communication. Features of the software include reporting, documentation, accounting, and more. |  | Venture - Series Unknown | Oct 20, 2022 |  |
| VOI Technology | Voi is a micromobility company operating e-bikes and e-scooters in 150+ cities. EBIT-profitable since 2024. | $115M | Series D | Dec 20, 2021 |  |
| Haltian | Haltian designs and develops new products SW, and Web services to global consumer electronics and telecoms companies. Haltian was founded in September 2012 by former Nokia employees and is growing fast, currently employing 70+ experienced mobile devices and SW engineers. | $10.2M | Venture - Series Unknown | Mar 10, 2020 |  |
| Nanoform | They are a pioneering company driven by a passion for innovation and a commitment to solving their partners’ problems.Their mission is to support pharma companies as they develop life-changing medicines, by overcoming drug development & delivery challenges. |  |  | Jul 02, 2019 |  |
| Visedo | Visedo Oy develops, manufactures and delivers electrical drive trains for heavy mobile work machine, marine vessel and bus applications. The drive trains are suitable for both hybrid electric (HEV) and electric vehicle (EV) solutions to harsh operating environment. The latest technology offers the optimal solutions to save fuel and to loweremission and noise levels. The company is located in Lappeenranta, Finland. | $16.3M | Debt Financing | Dec 19, 2016 |  |
| GreenStream Network | GreenStream Network Ltd was founded in July 2001 in Helsinki, Finland by three climate enthusiastics from energy and environmental markets. As one of the first companies in the climate markets, it got a fast start. The company soon became the most successful intermediary in the green certificate, effectively green electricity, markets.Clients' demands grew and the intermediary was expanded into portfolio management. In 2006 the company started asset management business and reached success launching one energy fund and four carbon funds: Kyoto-period funds Fine Carbon Fund and Nordic Carbon Fund, and later two post-Kyoto funds Climate Opportunity Fund and Fine Post-2012 Carbon Fund.GreenStream has been focusing on international markets from the day one. Since 2006 the role of China has steadily grown in GreenStream's business. Apart from China, the company has managed clean development mechanism (CDM) projects in Ukraine, Russia, Estonia, Latvia, Lithuania, South Africa, Jordan and Latin America. Altogether, GreenStream has been involved in over 100 emissions reduction projects around the globe.The key to GreenStream’s success has always been the capability of developing new, ground-breaking business concepts and implementing those – and in living up with its promises to the clients. This is a major achievement in the world’s most turbulent markets.“GreenStream is determined to be a part of fighting against climate change”, says Dr. Jussi Nykänen, founding partner and CEO of the company. |  |  | Feb 01, 2016 |  |
| Mediverkko | Mediverkko is a healthcare and social service provider for private and municipal customers. It provides its customers with a full range of services from health care and dental clinics to elderly care as well as child welfare services for the public sector partners.Mediverkko is a Finland-based company that was founded in 2002. The company wasacquired by Mehilainen on November 18, 2014. |  | Series B | Nov 14, 2012 |  |

10 of 10 investments shown.

## Co-investors
- [General Atlantic](https://shizune.co/investors/profile/general-atlantic) — VC Fund, 6 deals together
- [General Catalyst](https://shizune.co/investors/profile/general-catalyst-partners) — VC Fund, 5 deals together
- [Tesi](https://shizune.co/investors/profile/tesi) — VC Fund, 3 deals together
- [Varma Mutual Pension Insurance Company](https://shizune.co/investors/profile/varma-mutual-pension-insurance-company) — VC Fund, 3 deals together
- [CapMan](https://shizune.co/investors/profile/capman-oyj) — VC Fund, 2 deals together
- [Lifeline Ventures](https://shizune.co/investors/profile/lifeline-ventures) — VC Fund, 2 deals together

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## FAQ

### What does Ilmarinen Mutual Pension Insurance Company invest in?

Ilmarinen Mutual Pension Insurance Company invests primarily in Medical, Health Care and Electric Vehicle startups, most often at Funding Round and Venture - Series Unknown stage. Most of the 10 investments tracked by Shizune back companies in Finland. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did Ilmarinen Mutual Pension Insurance Company last invest?

The most recent investment recorded for Ilmarinen Mutual Pension Insurance Company closed in Jun 2026. Shizune tracks 10 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### 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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