Top 15 Sports VC Funds &amp; Investors in Finland (June 2026)

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.

Investment focus

Industry: Health Care, Software, Information Technology
Stage:Seed, Pre-Seed
Geography: Finland, Sweden, Norway

Investor stats

Total investments: 86
Round size: Seed $219k–$2.1M; Pre-Seed $110k–$4.4M
Lead/follow: 42% lead, 58% follow

Portfolio highlights

10Lines — Explore cutting-edge pavement marking robots for faster, autonomous striping and significant CO2 reduction. Contact us now!
CooliBlade — Superior power electronics cooling solutions for applications like solar and wind energy, energy storage, EV charging and telecommunications.
Popit — Popit makes medication connected with a unique, medical grade solution. It tracks medication use automatically and reminds ONLY if you miss. Developed together with healthcare professionals.

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Gorilla Capital helps ambitious startups grow with smart funding and support. Discover how our team invests in early-stage companies.

Investment focus

Industry: Software, SaaS, Information Technology
Stage:Pre-Seed, Seed, Series A
Geography: Finland, Sweden, Estonia

Investor stats

Total investments: 61
Round size: Seed $274k–$549k; Pre-Seed $149k–$680k; Series A $2.6M–$5.5M
Lead/follow: 74% lead, 26% follow

Portfolio highlights

DealGuru — DealGuru is a stealth startup in a ecommerce space.
Upsy Company — Join Zotabet Casino today to enjoy special benefits and an amazing gaming environment with a wide range of slots!
Pandatron — With clients like SAP, Universal Pictures & Skanska, Pandatron is a startup that supports change management. We do it by scaling AI-driven coaching 1-on-1s to every employee, which also allows us to measure change.

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Since 2005, Inventure has backed over 90 companies including Wolt, Swappie, Jobbatical, aiMotive, and more.

Investment focus

Industry: Software, Information Technology, Health Care
Stage:Seed, Series A, Series B
Geography: Finland, Sweden, United States

Investor stats

Total investments: 164
Round size: Seed $549k–$6M; Series A $1.3M–$17M; Series B $1.3M–$23M
Lead/follow: 46% lead, 54% follow
Last fund: Likely still investing — raised $169M in 2022

Portfolio highlights

Omocom — Omocom offers safe, simple and secure insurance for all kind of renting, sharing and re-using, digitally, automated and integrated into the sales flow of the platform
Moncyte Health — Unique technology and novel data for personalized and optimal treatment of high cholesterol
Blueprint Genetics — We offer complete genetic testing and genetic diagnostics to medical professionals worldwide. Learn more about our winning clinical-grade NGS offering!

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Reaktor Ventures has moved to the next phase by focusing its efforts to actively supporting current portfolio companies. This means that the fund has ended its investment period and is not investing into new companies. Between 2013 and 2018 we have invested into 42 different companies and one early stage fund. We will naturally keep makingfollow-up investments to current portfolio companies.

Investment focus

Industry: Internet, Software, E-Commerce
Stage:Seed, Pre-Seed, Series A
Geography: Finland, Germany, United States

Investor stats

Total investments: 54
Round size: Seed $137k–$2M; Pre-Seed $159k–$1.8M; Series A $1.7M–$6.6M
Lead/follow: 13% lead, 87% follow

Portfolio highlights

Valpas — Valpas is the hygiene protocol that reassures your future guests and keeps your hotel clean from the most uncontrollable: bed bugs
Swappie — Buy refurbished iPhones at an affordable price - Swappie offers refurbished and cheap iPhones with a free 12-month Swappie warranty.
Videoly — The easiest way for online retailers to get hand-picked and automatically embedded product videos.

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Some call you founders. We call you Superheroes. Seed stage VC investing in insight-driven startups in Finland and the Baltics. Tickets 100 K€ - 1000 K€.

Investment focus

Industry: Software, Information Technology, Internet
Stage:Seed, Pre-Seed
Geography: Finland, Lithuania, Estonia

Investor stats

Total investments: 92
Round size: Seed $212k–$3.1M; Pre-Seed $620k–$1.8M
Lead/follow: 54% lead, 46% follow
Last fund: May invest from a new fund soon — raised $35M in 2020

Portfolio highlights

eMabler — We accelerate our customers' business growth by convenience in eMobility with our API-first platform
Creagent — Find designers. Screened & shortlisted. Easy, fast and cost-effective - the smart way of sourcing with AI.
Dripit.io — dripit - Discover new music trends and predict the Hype

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Finnvera makes direct investments in early-stage enterprises through Seed Fund Vera Ltd. Finnvera's goal is to cover shortcomings existing on the market between product development funding and private equity investments. Finnvera does not compete with private financiers; instead, it strives to supplement the financial market.Finnvera'sinvestments enable, start and accelerate growth and internationalisation among investment targets. Enterprises are developed to make them attractive targets for further financing by other investors and industrial actors. Investments are made in technology enterprises at an early stage and in technology-intensive or innovative service enterprises that have potential for developing into international growth enterprises.Finnvera is also known as a specialised financing company owned by the State of Finland. It provides its clients with loans, guarantees, venture capital investments and export credit guarantees.

Investment focus

Industry: Software, Health Care, Information Technology
Stage:Seed, Series A
Geography: Finland, United States, Switzerland

Investor stats

Total investments: 92
Round size: Seed $250k–$1.5M; Series A $1.7M–$22M
Lead/follow: 15% lead, 85% follow

Portfolio highlights

AISTI — AISTI develops wood fiber-based acoustic tiles that are carbon negative, easy to recycle and plastic-free – bringing sustainability to construction tile by tile.
ARAUCO — ARAUCO is a diversified global company in the forestry industry. They use world-class technologies and processes throughout the value chain. They are present in the forestry, pulp, timber, panels and renewable energy businesses.
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.

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Conor Venture Partners is a new breed technology venture capital fund and management company. Conor invests in early-stage companies originating from Nordic and Baltic countries. Investment areas include information and communications technology, embedded software, semiconductor technology, electronics, new materials and optics.

Investment focus

Industry: Software, Analytics, Semiconductor
Stage:Series A, Series B, Seed
Geography: Finland, United States, Sweden

Investor stats

Total investments: 45
Round size: Seed $1.1M–$3.3M; Series A $3.9M–$8.8M; Series B $2.4M–$16M
Lead/follow: 33% lead, 67% follow
Last fund: May invest from a new fund soon — raised $60M in 2010

Portfolio highlights

Neo4j — Connect data as it's stored with Neo4j. Perform powerful, complex queries at scale and speed with our graph data platform.
Blackwood Seven — Blackwood Seven is a media analytics platform which strives to increase the effect of company’s media spend using our predictive analytics framework built on machine learning and artificial intelligence. Using real-time modelling and advanced KPI prediction we are able to increase a company’s media ROI by up to 15-25%.
Verto Analytics — Verto Analytics (Verto) operates a passive metering panel that provides researchers, advertisers, and publishers the data they need to keep up with the rapid and changing pace of consumer media consumption on every app, device, service, and platform. This ongoing, longitudinal panel captures a wide breadth of behaviors—all enriched to clients’behavioral analysis or custom survey studies. Our single-source, passive metering data sets provide the information needed to understand the full digital footprint of the U.S. population. Our Data Labs are located in the US, and in Helsinki, Finland. http://www.vertoanalytics.com.

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Innovestor is an active Finnish investment manager, focusing on venture capital, real estate, and energy storage. We also offer corporate venturing services.

Investment focus

Industry: Software, Health Care, Information Technology
Stage:Seed, Pre-Seed
Geography: Finland, Denmark, Sweden

Investor stats

Total investments: 74
Round size: Seed $507k–$4.1M; Pre-Seed $163k–$2M
Lead/follow: 62% lead, 38% follow
Last fund: May invest from a new fund soon — raised $35M in 2020

Portfolio highlights

Bahn Express — Bahn Express is a global car transportation company that supports independent contractors while offering quick and easy auto shipping throughout Europe.
Teitur Trophics — Teitur Trophics is a biotech company developing circular peptides for neurodegenerative diseases. The company was founded in 2020 and is headquartered in Aarhus, Denmark.
Neumirna Therapeutics — Founded in 2020, NEUmiRNA focuses on achieving transformative disease modification for neurological conditions.

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The preferred growth partner to tech-enabled businesses in Northern Europe.

Investment focus

Industry: Software, E-Commerce, Information Technology
Stage:Private Equity, Series A
Geography: Sweden, Norway, Germany

Investor stats

Total investments: 126
Lead/follow: no public data

Portfolio highlights

Centra — Centra is part of creating the next generation of brands, with a direct-to-consumer and wholesale e-commerce software for global brands. Brands across Scandinavia and the world trust Centra to seamlessly connect people to products. We're a medium-sized company with offices in Stockholm, Sweden, Wroclaw, Poland and New York City, USA.
inRiver — Turn product data into a profit maker at every touchpoint with Inriver's market-leading PIM solution that powers the entire product journey.
Caliroots — Caliroots is a streetwear fashion retail company with both retail stores and an online presence. It provides its users with a mix of streetwear and sneakers from various brands. Based in Stockholm, Sweden, Caliroots was founded in 2003.

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Business Finland finances business R&D projects and public research projects at universities, research institutes and universities of applied sciences. Read more about R&D and business funding.

Investment focus

Industry: Software, SaaS, Biotechnology
Stage:Seed, Grant, Debt Financing
Geography: Finland, United States, United Kingdom

Investor stats

Total investments: 181
Round size: Seed $127k–$4.2M; Grant $48k–$11M; Debt Financing $212k–$4.9M
Lead/follow: 39% lead, 61% follow
Last fund: May invest from a new fund soon — last raise in 2017

Portfolio highlights

SSAB —
Valio — We are Valio Group: the most innovative dairy and food company in the world.
Jaakko.com — Reinventing the housing market with no agents, more homes, and less fees.

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EIT Urban Mobility is an initiative of the European Institute of Innovation and Technology (EIT), a body of the European Union. Europe’s leading community for impact-driven start-ups and scale-ups in urban mobilityWe want to move cities toward a more sustainable future by partnering up with start-ups and scale-ups like yours. Our Impact Venturesdivision gives you access to funding and support channels to deliver financial, environmental and social impact on the urban landscapes around us. Our tools are: Funding through grants and equity investments, Knowledge and training through partner-led programmes, networking and introductions through dedicated support to our equity portfolio companiesOur investments provide you with a boost on your growth journey, and our network connects you with the right stakeholders in the public policy sector — on a regional, national and European-wide scale — to put your company on the map and bring your urban mobility services to the people who need it the most.If you’re like us and have a drive to shape the cities of our future, join our community of engaged and esteemed impactful ventures by applying for one of the many different programs we offer.

Investment focus

Industry: Software, Transportation, Information Technology
Stage:Seed, Pre-Seed, Series A
Geography: Spain, Sweden, France

Investor stats

Total investments: 56
Lead/follow: no public data

Portfolio highlights

Smart Point — We are entering the age of convenience and immediacy. A Smart Point automates the reception of any product you shop online, and any service available in your city, from pharmaceuticals, to flowers and dry cleaning. All delivered in 1 hour and available to pick up at your convenience.
Parabol — As Parabol, we use our innovative power for smart mobility systems and traffic safety all over the world.
Fastlane — Discover seamless logistics control with our cutting-edge transport management software. Streamline operations, optimize routes, and enhance efficiency effortlessly. Try our solution for comprehensive control today!

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WE HELP YOU TO GROW FASTER!

Investment focus

Industry: Software, Information Technology, Internet
Stage:Seed, Series A
Geography: Finland, United States, United Kingdom

Investor stats

Total investments: 74
Round size: Seed $77k–$1.3M; Series A $2M–$14M
Lead/follow: 16% lead, 84% follow

Portfolio highlights

Pebble — Pebble is a electric vehicle manufacturing startup.
Transfluent — Professional translations for all business needs. Fast. Easy.
BetterDoctor — Our provider network software solutions & services provide unmatched tools & insights for you. Discover how you can measure, manage, monitor & model.

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Backing category-defining companies from inception to IPO.

Investment focus

Industry: Software, SaaS, Information Technology
Stage:Series A, Seed, Series B
Geography: United States, Brazil, Israel

Investor stats

Total investments: 53
Lead/follow: no public data

Portfolio highlights

Cube AI — Cube AI boosts back-office logistics efficiency, allowing teams to handle more loads and focus on human relationships.
Instabase — Instabase combines the latest AI breakthroughs with industry expertise to create real business value for your business.
Few and Far — Few and Far is the next-generation platform for experiences in Web3, including NFTs, DeFi, gaming, and more. They help NFT projects with launchpad services, minting tools, outbound marketing, and more. They offer creators the liquidity, ability to earn, and listings alongside the top collections on NEAR.

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Wellington Partners is a venture capital firm that invests in technology and life sciences companies, focusing on Digital Media, Software, Electronics & Photonics, Resource Efficiency, and Biotech/Life Sciences. It is committed to providing outstanding entrepreneurs with the necessary resources to fund their strategies. We typically leadfinancing rounds ranging from € 0.5 million to € 20 million. Depending on the maturity of the company, its own commitment can go as high as € 15 million.Wellington was established in 1998 and has offices in Munich, London, and Zurich.

Investment focus

Industry: Health Care, Biotechnology, Medical
Stage:Series A, Series B
Geography: Germany, United States, United Kingdom

Investor stats

Total investments: 193
Round size: Series A $3.1M–$33M; Series B $6.7M–$55M
Lead/follow: 30% lead, 70% follow
Last fund: May invest from a new fund soon — raised $222M in 2019

Portfolio highlights

nyra health — myReha is an artificial intelligence and evidence-based neurological research tablet app that offers a revolutionary form of therapy. myReha was founded in 2020 and was headquartered in Vienna, Austria.
UroMems — The device is developing an active implantable medical device based on the cutting edge technologyl in the field of embedded systems and micro-technologies for the development of its products.
Heliatek — As the technology leader in organic photovoltaics, Heliatek develops, produces and distributes industrial-grade organic PV solar solutions for virtually any building surface (horizontal, vertical, curved, rigid, and flexible). Heliatek stands for energy solutions designed for various traditional and never been possible before applications based onits unique features – it is ultra-light, flexible and truly green. HeliaSol® is a ready-to-use solution, ideal for retrofitting on existing building structures. HeliaFilm® is tailor-made solar film for companies in the building and construction material industry, to integrate into their façade or roof system products. Heliatek currently employs about 160 people at the Dresden and Ulm locations in Germany.The Free State of Saxony, the Federal Republic of Germany, and the European Union funded research and development, as well as the installation of the production technology.

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