# Sitra

> Sitra is a VC fund in Helsinki backing Health Care and Biotechnology. See 7 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Helsinki, Finland
- Total investments: 7
- Last investment: Jan 2019
- Lead investor: 14%
- Last updated: Aug 2026
- LinkedIn: http://www.linkedin.com/company/sitra
- X (Twitter): https://www.twitter.com/sitrafund
- Website: http://www.sitra.fi
- Facebook: http://www.facebook.com/SitraFund

Sitra is a VC fund in Helsinki focused on Health Care and Biotechnology. Sitra is the venture capital investment arm of Sitra specializing in investments in seed, start-ups, early stage opportunities, and other funds. The firm invests through its three programmes namely, Health Care Programme, the Food and Nutrition Programme, and the Environmental Programme. Within the Health Care Programme, investments are focused oncompanies engaged in paper-free health care, seamless services, decentralised specialised health care, and support services. Within the Food and Nutrition Programme, investments are made in enterprises engaged in the food and nutrition sector, including value-adding upgrading of raw materials and new applications and service concepts in food and nutrition technology.

## Contacts

5 contacts available for Sitra. Shizune tracks 8 team members at Sitra. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/sitra?utm_source=investor_profile

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Health Care | 3 | 43% |
| Biotechnology | 3 | 43% |
| Therapeutics | 2 | 29% |
| Venture Capital | 2 | 29% |
| Health Diagnostics | 2 | 29% |

16 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Funding Round | 5 | 71% |
| Series A | 1 | 14% |
| Series C | 1 | 14% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Finland | 6 | 86% |
| The Netherlands | 1 | 14% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Jaana Ekstrom | Personal Assistant to President | 0 | https://shizune.co/investors/profile/jaana-ekstrm |
| Jorma Jaalivaara | Head of Legal Affairs | 0 | https://shizune.co/investors/profile/jorma-jaalivaara |
| Jukka Noponen | Director, Ecological sustainability | 0 | https://shizune.co/investors/profile/jukka-noponen |
| Kristo Lehtonen | Director, Fair Data Economy, Sitra | 0 | https://shizune.co/investors/profile/kristo-lehtonen |
| Mika Sulkinoja | Leading Specialist, Carbon Neutral Circular Economy | 0 | https://shizune.co/investors/profile/mika-sulkinoja |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| SET Ventures | Venture capital firm focused on digital technologies for a carbon-free energy system | $9.5M |  | Jan 19, 2019 |  |
| Naava | Naava reconnects humanity with nature. Future technology embracing millions of years of natural innovation and design lies behind the smartest green walls on the planet. At Naava, we want to help people feel better, healthier and more productive. The environment where we live, learn, and work is important for us. After all, we spend well over 90%of our time in indoors, breathing synthetic, man-made air a thousand times every hour.By 2025 a billion people can choose to breathe Nordic forest air. Everywhere. Naava brings nature inside, everywhere. We allow people to experience nature in the midst of the urban environment. Our brand promise can be explained in one word: breathe. | $3.4M |  | Jan 23, 2017 |  |
| NaturVention | NaturVention Enclosed Ecosystem Technologies solves global problems by combining nature and technology. We are a fast growing, venture-backed technology company. We challenge ourselves to find solutions to global problems by looking into nature, from where we have been able to find solutions for thousands of years already.We have developedpatented solutions by enhancing nature’s own processes. We use the brightest technology to enhance those processes in order to create products that are easy to use and which help people to feel better by providing clean and healthy air and food. | $1.2M |  | Jul 19, 2014 |  |
| Visionplus | Vision+ is a Finnish company that invests into digital products such as applications, games and services in all digital platforms. The company also invests in Internet and SaaS services, apps and sometimes in special content IP deals. The Fund’s management team has extensive background in technology, as business angels in seed investments,entrepreneurship and the creation of successful new product, content, services and business. Members of the management team have also run development and business organizations of significant scale in global setting. |  |  | Feb 01, 2012 |  |
| 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. | $8.8M |  | Sep 06, 2007 |  |
| Ipsat Therapies | Ipsat Therapies, a biotechnology company, develops intestinal protection systems in antibiotic treatment. It focuses on the development of products for the prevention of antibiotic resistance, antibiotic-associated diarrhea, and hospital associated infections. The company offers bioengineered enzyme, which removes the excess unabsorbed harmfulantibiotic in intestine and maintains a normal intestinal microflora. It also develops various antibiotics, including penicillin, cephalosporin, carbapenems, and fixed combination products. Ipsat Therapies Oy was founded in 1999 and is based in Helsinki, Finland. | $9M | Series C | Apr 03, 2005 |  |
| AW-Energy | The company develops and delivers technology for converting ocean waves to electricity. AW-Energy has developed WaveRoller - a fully submerged wave energy converter which utilizes wave surge phenomenon. This commonplace effect is observed in near-shore waters where the circular motion of water particles present in open sea waves changes intoelliptical circulation due to more shallow bottom. Before the waves break, typically at the depth of 8-20 metres this elliptical motion is so flat that it is essentially a horizontal back-and-forth movement of water. WaveRoller device is a Panel anchored at its base on the sea bed. The back and forth movement of the wave surge moves the Panel, transferring the kinetic energy to piston pumps. The pumps create a great deal of pressure which is fed into a combination of hydraulic motor/generator, which in turn produces electricity. The nominal capacity of a single commercial-scale Panel ranges between 500 – 1000 kW, depending on the wave resources available on the site. WaveRoller has the ability to generate energy on a wide spectrum of wave states and is also well suited for locations where wave periods are long and the swell is strong.A series of WaveRoller devices can be combined into an array, thus resulting in a wave farm. Since the plant construction is modular with a high degree of independence between individual units, there is no natural upper limit to the number of WaveRoller units that can be used, therefore offering a high level of scalability and reliability. The electricity output from an individual Panel is connected to a hub/substation, thus making it easy to plug-in new units in separate project development stages, as the new capacity is added to the farm. Also, any potential underperformance or service & maintenance breaks of individual units have no impact on the remaining units, thus ensuring uninterrupted power output from the overall farm.The first prototypes were designed and patent applications were filed as early as in 1999, when Rauno Koivusaari, the original inventor co-operated with Fortum Research Centre during the conceptual phase. Since then the technology has evolved following numerous laboratory and wave-tank test trials and ongoing mathematical simulations. Open sea trails started in 2004 and included the Gulf of Finland, marine tests conducted in the European Marine Energy Centre (EMEC), Scotland, and an own testing site in Peniche, Portugal. The subsequent successes and encouraging test results led to continuous increase in the scale of the demonstration plant.The latest demonstration plant/farm consisting of three 100kW WaveRoller units (total nominal capacity of the farm 300kW) is to be deployed in Peniche, Portugal, during the second quarter of 2012. The final assembly is nearing completion in the first quarter of 2012 and will be awaiting suitable weather conditions for the deployment in the following months. The farm will be connected to national grid in Portugal. The company has already secured all the necessary permits and, additionally, holds a licence for 1MW grid connection. |  | Series A | Jan 01, 2004 |  |

7 of 7 investments shown.

## Co-investors
- [Tesi](https://shizune.co/investors/profile/tesi) — VC Fund, 3 deals together
- [Aura Group](https://shizune.co/investors/profile/aura-group) — VC Fund, 1 deal together
- [BioFund Management](https://shizune.co/investors/profile/biofund-management) — VC Fund, 1 deal together
- [BNP Paribas](https://shizune.co/investors/profile/bnp-paribas) — VC Fund, 1 deal together
- [Butterfly Ventures](https://shizune.co/investors/profile/butterfly-ventures) — VC Fund, 1 deal together
- [Delos](https://shizune.co/investors/profile/delos) — VC Fund, 1 deal together

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### Similar country
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## Featured in investor lists
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## FAQ

### What does Sitra invest in?

Sitra invests primarily in Health Care, Biotechnology and Therapeutics startups, most often at Funding Round and Series A stage. Most of the 7 investments tracked by Shizune back companies in Finland. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### How do I contact Sitra?

Public channels for Sitra 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 Sitra?

The team at Sitra includes Jaana Ekstrom (Personal Assistant to President), Jorma Jaalivaara (Head of Legal Affairs) and Jukka Noponen (Director, Ecological sustainability), among 8 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 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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