# Varma Mutual Pension Insurance Company

> Varma Mutual Pension Insurance Company is a VC fund backing Hardware. See 13 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Helsinki, Finland
- Total investments: 13
- Last investment: Jun 2026
- Lead investor: 15%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/varma
- X (Twitter): https://www.twitter.com/varma_tweet
- Website: https://www.varma.fi
- Facebook: https://www.facebook.com/tyoelakevarma

Varma Mutual Pension Insurance Company is a VC fund in Helsinki focused on Hardware and Software. Varma Mutual Pension Insurance Company operates as a pension insurance company in Finland. It provides pension insurance services, including insurance and pension services, vocational rehabilitation, insurance contribution estimates, and calculations. The company also provides training and guidance related to well-being at work and to socialsecurity while working abroad. In addition, Varma's additional services include online services; client financing services for pension foundations and funds; and advisory services for insured employees and entrepreneurs. The company was founded as Varma-Sampo Mutual Pension Insurance Company in 1998 and changed its name to Varma Mutual Pension Insurance Company in December 2003. Varma Mutual Pension Insurance Company is headquartered in Helsinki, Finland.

## Contacts

5 contacts available for Varma Mutual Pension Insurance Company. Shizune tracks 2 team members at Varma Mutual Pension Insurance Company. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/varma-mutual-pension-insurance-company?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Series A | $53M–$131M |
| Venture - Series Unknown | $8.2M–$117M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Hardware | 2 | 15% |
| Software | 2 | 15% |
| Aerospace | 2 | 15% |
| Information Technology | 2 | 15% |
| Satellite Communication | 2 | 15% |

40 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series A | 3 | 23% |
| Venture - Series Unknown | 3 | 23% |
| Series B | 2 | 15% |
| Series C | 1 | 8% |
| Series E | 1 | 8% |

7 stages tracked in total.

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Tiina Kurki | SVP Pension Services and IT | 0 | https://shizune.co/investors/profile/tiina-kurki |
| Timo Sallinen | Senior Vice-President, Investments | 0 | https://shizune.co/investors/profile/timo-sallinen |

## 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 |  |
| Verda (formerly DataCrunch) | DataCrunch is a cloud service provider which facilitates utilization and integration of state of the art AI/ML models | $116.9M | Venture - Series Unknown | Apr 24, 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 |  |
| Verda (formerly DataCrunch) | DataCrunch is a cloud service provider which facilitates utilization and integration of state of the art AI/ML models | $64.7M | Series A | Sep 08, 2025 |  |
| ReOrbit | Founded in 2019 and headquartered in Helsinki, Finland, ReOrbit is a fast-growing European space technology company that manufactures sovereign satellites and connected systems for national security. Our technologies provide independent control of critical space assets and enable secure communications for both military and civilian use. Throughlong-term partnerships and knowledge transfer, we ensure our customers achieve and maintain strategic autonomy.With offices across multiple countries, we bring together a diverse team of experts who bring extensive industry experience and technical excellence to our operations. As we continue to expand, we are opening new locations worldwide and are always on the lookout for talented, ambitious individuals to join our journey. | $53M | Series A | Sep 08, 2025 |  |
| IQM Quantum Computers | IQM Quantum Computers builds and delivers superconducting full-stack quantum computer systems and cloud services designed for research institutions and developers. It offers several products including Spark, a compact 5-qubit system for academic use, Radiance, a scalable platform with configurations from 20 to 150 qubits, and Resonance, a managedcloud service that provides high-fidelity quantum processors with tools, algorithm libraries, and pulse-level programmability. The company develops hardware topologies such as Crystal and Star, which enhance connectivity and aim to support error-corrected, fault-tolerant computing through the integration of quantum error-correction codes. In addition, IQM provides developer-focused resources such as SDKs, multi-framework compatibility, and educational programs to facilitate quantum algorithm experimentation. | $320M | Series B | Sep 03, 2025 |  |
| eBrands | eBrands is a technology-focused consumer brand company specializing in scaling and acquiring emerging e-commerce consumer brands in the Sports and Beauty industry. We look for potential market leaders, eBrands expertly operates and scales these brands omni-channel in the US, Europe and Asia. | $8.2M | Venture - Series Unknown | Mar 12, 2025 |  |
| ESL Shipping | ESL Shipping is a dry-bulk sea transport company. Their shipping ensures product and raw material transportation for industry and energy production year-round. The shipping company also offers services related to loading and unloading large oceangoing vessels at sea. They provide services that include sustainable shipping solutions, geared vessels,transshipments at sea, dry bulk and breakbulk, project cargoes, and shipments in arctic areas. | $48.2M | Venture - Series Unknown | Nov 08, 2023 |  |
| 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. | $24.3M |  | Apr 24, 2023 |  |
| IQM Quantum Computers | IQM Quantum Computers builds and delivers superconducting full-stack quantum computer systems and cloud services designed for research institutions and developers. It offers several products including Spark, a compact 5-qubit system for academic use, Radiance, a scalable platform with configurations from 20 to 150 qubits, and Resonance, a managedcloud service that provides high-fidelity quantum processors with tools, algorithm libraries, and pulse-level programmability. The company develops hardware topologies such as Crystal and Star, which enhance connectivity and aim to support error-corrected, fault-tolerant computing through the integration of quantum error-correction codes. In addition, IQM provides developer-focused resources such as SDKs, multi-framework compatibility, and educational programs to facilitate quantum algorithm experimentation. | $130.7M | Series A | Jul 22, 2022 |  |

10 of 13 investments shown.

## Co-investors
- [Tesi](https://shizune.co/investors/profile/tesi) — VC Fund, 8 deals together
- [byFounders](https://shizune.co/investors/profile/byfounders) — VC Fund, 6 deals together
- [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
- [Ilmarinen Mutual Pension Insurance Company](https://shizune.co/investors/profile/ilmarinen-mutual-pension-insurance-company) — VC Fund, 3 deals together
- [Lifeline Ventures](https://shizune.co/investors/profile/lifeline-ventures) — VC Fund, 3 deals together

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## FAQ

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

Varma Mutual Pension Insurance Company invests primarily in Hardware, Software and Aerospace startups, most often at Series A and Venture - Series Unknown stage. Most of the 13 investments tracked by Shizune back companies in Finland. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Varma Mutual Pension Insurance Company's check size?

Varma Mutual Pension Insurance Company typically joins rounds of $53M–$131M at Series A and $8.2M–$117M at Venture - Series Unknown. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Varma Mutual Pension Insurance Company participates in.

### How do I contact Varma Mutual Pension Insurance Company?

Public channels for Varma Mutual Pension Insurance Company 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 Varma Mutual Pension Insurance Company?

The team at Varma Mutual Pension Insurance Company includes Tiina Kurki (SVP Pension Services and IT) and Timo Sallinen (Senior Vice-President, Investments). 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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