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Top 50 Sustainability VC (Venture Capital) Funds in Finland in July 2025

Last updated: Jul 2025 A list of 50 VC (Venture Capital) funds that invest in Sustainability startups based in Finland. We rank investors based on the number of investments they made in Sustainability companies from Finland. We update this investor list every month.

Top 50 Sustainability VC (Venture Capital) Funds in Finland in July 2025

Investor	Sustainability Finland investments
Lifeline Ventures	11
Business Finland	9
Finnvera Venture Capital	9
Tesi	7
Butterfly Ventures	6
Superhero Capital	5
Finnish Climate Fund	4
Stephen Industries	4
Springvest	3
Wave Ventures	3
Nidoco	3
Bragiel Brothers	2
Inventure	2
UB FIGG	2
Heraeus	2
Valve Ventures	2
Voima Ventures	2
Redstone.VC	2
PeakBridge	2
Übermorgen Ventures	2
Innovestor	2
True Ventures	2
2C Ventures	2
Sitra	2
PC Rettig & CO Impact	2
Turret Oy	2
Holdix Oy Ab	2
Halton Ventures	2
Maki.vc	2
European Circular Bioeconomy Fund	1
Climate Capital	1
Kiilto Ventures	1
Sojitz	1
Cherry Ventures	1
VNT Management	1
First Fellow Partners	1
KIMPA - Impact Investing	1
Lakan Betoni	1
Conor Venture Partners	1
Vantaan Energia	1
Ecolab	1
Nordic Foodtech VC	1
LähiTapiola	1
Delos	1
Ascend Capital Partners	1
VTT Ventures	1
Volvo Cars Tech Fund	1
KPMG	1
Climate Investment	1
Failup Ventures	1

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Investor list

Lifeline Ventures Oy is a venture capital firm specializing in startups, growth capital, and early stage investments. The firm seeks to invest in healthcare, games, web based and general high technology sectors. It seeks to invest in Finland with a few investments made outside Finland as well. The firm targets investing between €0.5 million ($0.66million) and €1 million ($1.32 million). It seeks make inception to Series A investments. Lifeline Ventures Oy was founded in November 2009 and is based in Helsinki, Finland.

Investment focus

Software, Health Care, E-Commerce
Seed, Series A, Funding Round
Finland, United States, United Kingdom

Portfolio highlights

Swarmia — Build better software faster with insights that power your whole engineering organization. Get started with a demo or a free 14-day trial.
Inven — Save time by using AI to find companies. Inven scans millions of websites to provide comprehensive data on companies similar to your search criteria.
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).

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

Software, SaaS, Biotechnology
Seed, Grant, Funding Round
Finland, United States, United Kingdom

Portfolio highlights

AIATELLA — Automating medical image analysis
SparkReceipt — AI-powered Receipt Scanner and Expense Tracker for Individuals and Small Businesses. Create your free account now!
University of Eastern Finland — The University of Eastern Finland is a multidisciplinary university which offers teaching in more than 100 major subjects. The university comprises four faculties: the Philosophical Faculty, the Faculty of Science and Forestry, the Faculty of Health Sciences, and the Faculty of Social Sciences and Business Studies.

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

Health Care, Software, Information Technology
Seed, Funding Round, Series A
Finland, United States, Switzerland

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.
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.
Enifer — Enifer Bio is an expert at squeezing every last drop of value from biorefining operations. The solution is built on decades of Finnish expertise to allow the production of valuable protein-rich feed from streams previously considered worthless. The company has developed a new, sustainable production process for high-quality fish feed raw material.The company's method enables the efficient production of a single cell protein from fish by-products as a raw material for fish feed. The protein can replace soy, which is commonly used in fish feed and whose cultivation poses ecological challenges, such as deforestation in South America.

Finnish Industry Investment Ltd is a government-owned investment company. It invests the proceeds accrued from the privatisation of state-owned companies in stimulating the growth and internationalisation of Finnish businesses.Finnish Industry Investment invests in venture capital funds and directly in growth companies, together with privateco-investors. The targets are in all sectors. Capital investments are needed for financing the growth of investee companies, and for spin-offs, major industrial investments, and sector and corporate restructurings.The investments of Finnish Industry Investment amount to over MEUR 570

Investment focus

Software, Manufacturing, Health Care
Funding Round, Series A, Series B
Finland, United States, Argentina

Portfolio highlights

Hedera Dx — A diagnostics platform that makes liquid biopsies a reality in cancer care
Steady Energy — Steady Energy aims to decarbonize the energy-intensive heating industry starting with residential and district heating.
TILT Biotherapeutics — TILT Biotherapeutics is the leading company globally working in the area of enabling tumor T-cell therapy with oncolytic viruses. TILT is a preclinical stage company working in the field of cancer immunotherapy and will soon translate its unique approach into clinical trials. The company’s patented technology involves utilization of oncolyticviruses for enhancement of tumor T-cell therapy. Initial embodiments of the technology will be used to enhance tumor infiltrating lymphocyte (TIL), chimeric antigen receptor (CAR-T) and checkpoint inhibiting antibody therapy. The TILT approach has the potential to achieve similar results in CAR-T therapy of solid tumors as currently achieved for CD19+ hematological tumors.

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

Health Care, Software, Information Technology
Seed, Funding Round, Pre-Seed
Finland, Sweden, Norway

Portfolio highlights

Zenniz — Zenniz is an ITF approved game tracking solution that provides real-time info, such as automated line calling, stroke and serve speeds, shot charts, match statistics and more. Players and coaches at all levels can use Zenniz on and off the court to help improve their game. For tennis clubs, Zenniz is an easy and cost-effective way to upgrade to thenext level. Due to a new, innovative sensor technology, they’ve been able to keep the cost to a minimum, making Zenniz accessible for all clubs, coaches and players.
Brightplus Oy — Brightplus is an innovative renewable materials manufacturing company from Finland. We specialise in design and development of new functional properties for industrial biomaterial solutions. We cater for industries like packaging, construction, cosmetics and consumer goods. Our expertise is based on developing solutions to multiple industries andproviding fast prototyping and full fit for customers’ production lines. Our deep chemical BrightBio® technology creates an optimal fit between coatings, barriers and plastic replacing materials to help you in raising your material functionality to the next level.
Polar Light Technologies — Polar Light Technologies focuses on developing the next generation of Nano and micro LED technology.

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

Investment focus

Software, Information Technology, Internet
Seed, Pre-Seed, Funding Round
Finland, Estonia, Lithuania

Portfolio highlights

Renow — Grow and make your business more sustainable with Renow’s AI-optimized recommerce platform for returns, trade-in and resell.
Zenniz — Zenniz is an ITF approved game tracking solution that provides real-time info, such as automated line calling, stroke and serve speeds, shot charts, match statistics and more. Players and coaches at all levels can use Zenniz on and off the court to help improve their game. For tennis clubs, Zenniz is an easy and cost-effective way to upgrade to thenext level. Due to a new, innovative sensor technology, they’ve been able to keep the cost to a minimum, making Zenniz accessible for all clubs, coaches and players.
TheStorage — Flexible industrial heat electrification and scalable energy storage. TheStorage offers cost efficient, sustainable grid scale energy storage that can discharge heat, steam or CHP.

The Climate Fund focuses on combating climate change, boosting low-carbon industry and promoting digitalisation.

Investment focus

Energy, Renewable Energy, Sustainability
Debt Financing, Funding Round, Series A
Finland

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.
Enifer — Enifer Bio is an expert at squeezing every last drop of value from biorefining operations. The solution is built on decades of Finnish expertise to allow the production of valuable protein-rich feed from streams previously considered worthless. The company has developed a new, sustainable production process for high-quality fish feed raw material.The company's method enables the efficient production of a single cell protein from fish by-products as a raw material for fish feed. The protein can replace soy, which is commonly used in fish feed and whose cultivation poses ecological challenges, such as deforestation in South America.
Volare — Refining food industry side streams into sustainable protein, oil and fertilizers.

We fund futurebreakthroughs

Investment focus

Apps, Water, Energy
Seed, Funding Round, Series A
Finland

Portfolio highlights

StemSight — StemSight is a Finnish high-tech startup developing cell therapies for corneal blindness using human pluripotent stem cells.
HYPERMINE — Hypermine a novel laser-based mineralogy sensing technology to optimize resource recovery and reduce the negative environmental effects of mining.
TILT Biotherapeutics — TILT Biotherapeutics is the leading company globally working in the area of enabling tumor T-cell therapy with oncolytic viruses. TILT is a preclinical stage company working in the field of cancer immunotherapy and will soon translate its unique approach into clinical trials. The company’s patented technology involves utilization of oncolyticviruses for enhancement of tumor T-cell therapy. Initial embodiments of the technology will be used to enhance tumor infiltrating lymphocyte (TIL), chimeric antigen receptor (CAR-T) and checkpoint inhibiting antibody therapy. The TILT approach has the potential to achieve similar results in CAR-T therapy of solid tumors as currently achieved for CD19+ hematological tumors.

The Citizenship Fund started out when the founders of the company discovered in their previous positions that a promising Finnish growth company will spend a great deal of time and energy in arranging financing. A good business idea and a team with excellent team could take months in financial negotiations and the outcome could be a return to thestart-up. At the same time, investors often wanted new types of higher potential investments alongside traditional alternatives.These two challenges were possible by removing the promising growth companies as investors, even for non-traditional venture capital investors. Citizenship wanted to create a service in which the company would be able to capitalize on business quickly and flexibly, but the decision-making business would be left to the company itself. From today's point of view, Springvest's goal is that an increasing number of Finnish investors can get involved in the story of Finnish growth companies and potential success.

Investment focus

Biotechnology, Health Care, Energy
Series A, Funding Round, Seed
Finland

Portfolio highlights

Desentum — Allergen immunotherapy that is effective, safe, patient-friendly and approved by the regulatory authorities.
Volare — Refining food industry side streams into sustainable protein, oil and fertilizers.
Solar Foods — The Finnish company Solar Foods Oy produces an entirely new kind of nutrient-rich protein using only air and electricity as the main resources. The goal of the company is to start commercial production of the environmentally revolutionary protein in 2020.Solar Foods’ concept redefines the basics of food production, as it is not dependent onagriculture, the weather, or the climate. The price of the protein product is also competitive compared to sources such as soy protein.

Founded in 2016, Wave Ventures is the largest student-run VC in Europe, backed by Nordic unicorn founders, investing in Gen Z entrepreneurs at the earliest stage. We operate both from Finland and Sweden with a team of five people from the top universities in the region.

Investment focus

Software, Mobile Apps, Information Technology
Seed, Pre-Seed, Funding Round
Finland, Sweden, Germany

Portfolio highlights

Bought — A fully automated secondhand marketplace unleashing the 95% of hidden secondhand supply with AI.
Sustashift — Sustashift offers a comprehensive legal CSRD reporting tool, providing tailored audit templates and automated XBRL tagging to streamline compliance and reduce manual reporting efforts.
Bahn Express — Fast and Effortless Car Transport

Nidoco AB is a Swedish investment company whose strategy is to create long-term value through active ownership of public and private companies.

Investment focus

Software, Health Care, Biotechnology
Seed, Funding Round, Series A
Finland, Sweden, Estonia

Portfolio highlights

Ponta — Connecting brands with real people paying attention.
Betolar — Betolar is a new materials startup specialized in new geopolymer-based carbon-neutral construction materials for the construction industry and circular economy.
TactoTek — Set your imagination free and create user experiences with the help of sustainable smart molded structures.

Bragiel Brothers is an early-stage venture capital fund that invests in seed and Series A rounds. Dan Bragiel launched the firm in San Francisco, California in 2016.

Investment focus

Software, Information Technology, FinTech
Seed, Series A, Pre-Seed
United States, Finland, Japan

Portfolio highlights

UpCodes — UpCodes is a comprehensive code compliance platform. Research, collaborate, and calculate code requirements efficiently, all in one place.
Gridware — Using remote telemetry and edge AI, Gridware wildfire prevention technology powers a grid that is smarter and more reliable than ever before.
Inspectify — If you are looking to buy or sell a home, Inspectify helps you find the best home inspectors in your area.

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

Investment focus

Software, Information Technology, Health Care
Seed, Series A, Series B
Finland, Sweden, Denmark

Portfolio highlights

Hedera Dx — A diagnostics platform that makes liquid biopsies a reality in cancer care
Moncyte Health — Unique technology and novel data for personalized and optimal treatment of high cholesterol
Avenue Biosciences — From biotechnology tools to therapy discovery and development: Our platform enhances production yield and the quality of your end product.

UB Forest Industry Green Growth Fund ("UB FIGG") is a private equity fund investing in companies focused on plastic and other fossil fuel based material replacements, higher value and more efficient use of wood and agricultural raw material side streams and greater use of these raw materials across a wide range of intermediate and enduses.Through its investments, the Fund helps the forest and bio-based industries to create solutions to mitigate climate change. UB FIGG is a signatory of Operating Principles for Impact Management and reports on the environmental and climate impact of its investments.

Investment focus

Chemical, Forestry, Recycling
Funding Round, Series A
Finland

Portfolio highlights

Notpla — We are a combination of designers and chemists, engineers and entrepreneurs. We’re hard to define because what we’re doing hasn’t been done before. We create advanced packaging solutions that disappear, naturally.
Paptic — Paptic is manufacturing company that revolutionizes environmental new material, wood-based renewable and recyclable products replacing paper and plastic. Paptic Ltd was April 2015. The company is based in Espoo, Finland and employs today 10 persons.
Nordtreat — Nordtreat produces widely tested and certified flame retardants for wooden construction products. Learn more about environmentally friendly fire protection!

Heraeus, the technology group headquartered in Hanau, Germany, is a leading international family-owned portfolio company.

Investment focus

Manufacturing, Biotechnology, Therapeutics
Seed, Corporate Round, Series A
Germany, China, Japan

Portfolio highlights

CSMH — Compound Semiconductor (Xiamen) Technology Co., Ltd. is an advanced semiconductor manufacturing technology based joint venture company invested from the Korea, China and Singapore, registered in the city of Xiamen, China. We have equipped with advanced semiconductor manufacturing tools including MPCVD, MOCVD, LPCVD, HVPE and high temperature PVDto produce high quality Diamond wafer and AlN template on various substrate including Si, sapphire, and polished diamond. Our mission is to be the most advanced compound semiconductor company in the global market, contributing to the related technology development. We have strong R&D team and actively collaborate with best research group around the world. Currently, we are providing the thermal grade polycrystalline diamond, which can be used as an effective heat sink aims to solve the heat issue in temperature sensitive device, such as power devices, lasers and avalanche photodiodes etc. We also provides wafer scale polished diamond with sub-nanometer RMS surface roughness, which might be suitable for the integration of GaN, GaO and AlN epilayers and devices on Diamond via direct bonding or heteoepitaxy.
Holosolis — Holosolis contributes to the EU’s goal of local PV module production and curbing global warming. We will build the largest photovoltaic panel factory in Europe.
Tsubame BHB — Tsubame BHB is a Sales company

Valve Ventures is a Helsinki-based angel and early-stage venture investor.

Investment focus

Energy, CleanTech, Oil and Gas
Seed, Series A, Funding Round
Finland

Portfolio highlights

Betolar — Betolar is a new materials startup specialized in new geopolymer-based carbon-neutral construction materials for the construction industry and circular economy.
Woodio — Woodio is a digital designing agency.
Infinited Fiber Company — Infinited Fiber Company is a Finnish biotech founded in 2016 to commercialize a breakthrough recycling technology that can turn cellulose-rich raw materials – like cotton-rich textile waste, used cardboard, or wheat or rice straw – into high-quality textile fibers with the look and feel of cotton. The patented technology has been validated byleading brands and is ready to be scaled. Infinited Fiber Company won the Europas 2020 Hottest Sustainability Tech Award, and was listed on the Global 50 to Watch by Cleantech Group in 2019. In 2016 Infinited Fiber Company was selected into WWF’s Climate Solver network. The company is headquartered in Espoo, Finland.

Voima Ventures’ mission is to solve major global problems by combining science, entrepreneurship, and value adding capital. They shed light on the ideas and technology which require time and courage to build. Industry domains include bio and new materials, medical technologies and life sciences, imaging and optics, IoT and electronics, robotics,software & ICT and AI. In addition, Voima Ventures has invested in more than 30 deep tech startups, including companies like Solar Foods, Infinited Fiber Company, and Dispelix. Cornerstone investors are VTT Technical Research Centre of Finland and European Investment Fund (EIF), backed by Finnish private and institutional investors.

Investment focus

Biotechnology, Health Care, Medical Device
Seed, Pre-Seed, Funding Round
Finland, Sweden, Norway

Portfolio highlights

Hormona — Understand your hormones with the Hormona app. Monitor hormone levels, track symptoms, forecast cycles, and access personalized wellness tips for a balanced life.
Epigenica — Epigenica focuses on advancing epigenomics through its EpiFinder™ platform, a multiplexed ChIP-seq technology for high-throughput analysis of epigenetic marks. The company offers R&D services for the development of therapeutic molecules and diagnostic methods using epigenetics. Epigenica aims to improve scientists' ability to capture andextract insights from the epigenome, contributing to precision medicine and the discovery of new biomarkers.
Alba Health — Discover your baby's gut health & microbiome for the best start in life.

The Redstone team is an international and diverse group of serial entrepreneurs, investors, investment professionals, tech analysts and data scientists.

Investment focus

Software, Information Technology, Health Care
Seed, Series A, Funding Round
Germany, Finland, France

Portfolio highlights

Aslan — Aslan a platform or solution designed to enhance employee benefits by offering more customizable and flexible compensation options.
Ochy — Ochy is an app that uses AI to analyse running form and gait to identify weak points and provide recommendations on what to do to improve.
Covision Media — Covision Media specializes in creating high-quality, relightable 3D models using their industrial 3D scanners. These scanners capture detailed surface information and PBR textures, and are designed for easy integration into virtual environments.

PeakBridge is a highly networked, global impact VC that funds and connects the people, technology and processes that will shape the future of food. We invest in visionary pioneers, from early stage to Series A-B, with scalable, protectable climate and health-focused technologies. At their core: a deep commitment to disrupting our food system whiledriving positive impact. Our team is spread across seven countries and includes pioneers of FoodTech investment and decades of deep Agri-Food operational and financial experience. Together, we create exceptional value for bold FoodTech entrepreneurs and investors. A member of the Edmond de Rothschild Private Equity partnership, PeakBridge is also the only venture capital firm that is an official partner of the world’s largest Agri-Food innovation initiative, EIT Food.

Investment focus

Food and Beverage, Food Processing, Health Care
Series A, Seed, Series B
Israel, United States, United Kingdom

Portfolio highlights

SOUS — SOUS is the platform that monetizes engagement for Food & Beverage creators. Book a demo now.
Tastewise — Tastewise is a consumer intelligence platform transforming food insights with AI. Discover trends, predict preferences, and drive innovation
Rival Foods — We craft food we feel good about - Protein foods without compromises! At Rival Foods we create whole-cut specialties with remarkable texture, taste and juiciness, the ideal proposition for food professionals to create new plant-based eating experiences. Ready to use in all your favorite dishes! Interested in our products?

We are an early stage VC for climate tech startups.

Investment focus

Software, Energy, Renewable Energy
Seed, Pre-Seed, Funding Round
Germany, Switzerland, Finland

Portfolio highlights

Ostrom — We make energy fair, smart and green - one flexible monthly plan with no hidden fees, digital-first and 100% renewable energy.
Green Fusion — Green Fusion is developing a cloud-based energy manager for the intelligent control of heat, electricity, and e-mobility. The focus here is on hybrid heating systems in buildings such as heat pumps + gas boilers and the coupling to photovoltaic systems and electric vehicle charging stations.
Zymvol Biomodeling — Need a new or better biocatalyst? At ZYMVOL we combine bioinformatics and molecular modeling to accelerate Enzyme Discovery and Design

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

Investment focus

Software, Health Care, Manufacturing
Seed, Funding Round, Series A
Finland, Denmark, Sweden

Portfolio highlights

Aplagon — Aplagon is committed to bringing unique, effective antithrombotic medicines with important safety advantages to patients with unmet needs.
Bahn Express — Fast and Effortless Car Transport
Tribune Therapeutics — Tribune Therapeutics is a preclinical biopharmaceutical company building a promising pipeline of novel medicines to treat patients with a wide range of fibrotic diseases. It was founded in 2020 with funding from HealthCap and Novo Seeds.

A Silicon Valley-based venture capital firm focused on early stage technology startups. We invest in brilliant people who bring ideas that matter to life.

Investment focus

Software, Information Technology, Internet
Seed, Series A, Series B
United States, United Kingdom, Canada

Portfolio highlights

Usul — Rosetta: Query government policy and spending data as it relates to your workflow.
Audos — Where everyday entrepreneurs build small AI companies
The Nuclear Company — The Nuclear Company is a fleet-scale nuclear deployment firm that offers for nuclear sectors.

2C Ventures is an early-stage venture capital firm investing in European cleantech startups driving the energy transition and circular economy. Backing visionary founders tackling climate challenges.

Investment focus

Energy, CleanTech, Clean Energy
Pre-Seed
Finland

Portfolio highlights

GaltTec — GaltTec focuses on developing and marketing microtubular solid oxide fuel cells. GaltTec specializes in drones, off-grid equipment, IoT, portable devices, and space equipment. GaltTec was founded in 2022 and was headquartered in Tartu, Estonia.
TheStorage — Flexible industrial heat electrification and scalable energy storage. TheStorage offers cost efficient, sustainable grid scale energy storage that can discharge heat, steam or CHP.

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.

Investment focus

Health Care, Biotechnology, Therapeutics
Funding Round, Series A, Series C
Finland, The Netherlands

Portfolio highlights

Naava — Naava helps you to make safer and healthier indoor spaces - experience Naava green wall, a striking combination of nature and high-end technology.
NaturVention — Naava helps you to make safer and healthier indoor spaces - experience Naava green wall, a striking combination of nature and high-end technology.
SET Ventures — Europe's leading energy VC since 2007. Backing the continent's most innovative energy entrepreneurs with capital, community and insights

PC Rettig & CO Impact

Investment focus

Mining, Robotics, 3D Printing
Seed
Finland

Portfolio highlights

Hyperion Robotics — We are accelerating the transition to sustainable and automated construction with Concrete 3D Printing.
Polar Night Energy — Polar Night Energy - Seasonal heat storage in district heating and industrial applications. The energy revolution is here.

Turret Oy is an investment vehicle controlled by Paul Ehrnrooth

Investment focus

Energy, Oil and Gas, Business Development
Funding Round, Seed, Series A
Finland

Portfolio highlights

Digitalist — Say hello to Digitalist in Finland, your true partner for digital transformation. From customer experience consulting to cutting-edge technology services, we help businesses to future-proof their operations.
TactoTek — Set your imagination free and create user experiences with the help of sustainable smart molded structures.
Hycamite TCD Technologies — Hycamite is decarbonising industry using its proprietary methane pyrolysis technology. It provides its industrial clients with low-carbon hydrogen and sustainable carbon products for demanding applications.

Holdix Oy Ab is a Finnish family-owned investment company situated in Helsinki. Our investment policy is based on responsible and active ownership, long-term perspective, sustainable value creation, and environmental considerations.

Investment focus

Renewable Energy
Seed, Funding Round
Finland

Portfolio highlights

Polar Night Energy — Polar Night Energy - Seasonal heat storage in district heating and industrial applications. The energy revolution is here.
Nordic Umami Company — Developing all-embracing sustainable flavours to accelerate plant-based eating.
Hycamite TCD Technologies — Hycamite is decarbonising industry using its proprietary methane pyrolysis technology. It provides its industrial clients with low-carbon hydrogen and sustainable carbon products for demanding applications.

Halton Ventures operates as a venture capital firm.

Investment focus

Smart Building, Energy, GreenTech
Funding Round
Finland

Portfolio highlights

Smart Heating — Smart Heating focus on hybrid heating systems for real estates. Smart Heating implements energy-efficient heating solutions for more than 100 buildings.
Soletair Power — Soletair Power is a Finnish startup founded in 2016, operating in the fields of Direct Air Capture and power-to-X technology. The company captures CO2 from the air by retrofitting buildings' ventilation systems with carbon capture technology, resulting in low building emissions. Captured carbon dioxide can be mineralized into concrete, storedas pressurized gas or liquid, transported, and used as raw materials to produce synthetic products. In 2020, Wärtsilä, together with Soletair Power and Q-Power, created their first enclosed Power-to-X unit in the world which can produce synthetic methane from air-captured CO2 straight from the Finland pavilion in Expo 2020 Dubai, United Arab Emirates. The company has delivered multiple carbon dioxide capturing units since then to Germany, Finland, and Denmark.

Maki.vc is an early-stage venture capital firm partnering with deep tech & brand-driven startups obsessed with challenging category norms.

Investment focus

Software, E-Commerce, Information Technology
Seed, Series A, Funding Round
Finland, Norway, Denmark

Portfolio highlights

Ever Dye — A new standard for dyes. Naturally made, carbon emissions reducing, water protecting.
ONiO — ONiO is a fabless IoT company specializing in batteryless microcontrollers that run on ambient energy. ONiO.zero can use virtually any RF, thermal, solar, piezo signal as a power source. Our aim is to unshackle one IoT device at a time from the battery, en route to a 100% battery-free IoT future. Our product offers manufacturers a more minimalist, user-friendly, economical and environmentally sustainable power solution for IoT devices.
deepdots — Magic Feedback is an AI business creating a platform that compiles user reviews into one location and analyzes everything automatically using its own AI.

European Circular Bioeconomy Fund invest and partner with entrepreneurs to accelerate late-stage circular bioeconomy companies.

Investment focus

Biotechnology, AgTech, Agriculture
Series B, Series A, Series C
The Netherlands, France, Italy

Portfolio highlights

OroraTech — From safeguarding forests and ecosystems to protecting communities and critical assets, OroraTech's advanced technology and reliable insights address challenges, mitigate risks, and drive meaningful impact.
Elicit Plant — We work with farmers around the world to meet the challenges of climate change and the impact of water scarcity on field crops.
watttron — Watttron invents a revolutionary heating system that can heat up surfaces heterogeneously.Watttron develops an innovative heating technology that can be used in various industrial processes. It is superior to current heating systems in many ways and offers a number of advantages. On the following pages, you will find information about possibleapplications and opportunities.The company is located in the Technologie- und Gründerzentrum Freital – a technology and start-up center on the outskirts of Dresden, the state capital of Saxony.

Climate Capital is an investment firm that supports companies that directly or indirectly reduce global greenhouse gas emissions.

Investment focus

Energy, Manufacturing, Biotechnology
Seed, Pre-Seed, Series A
United States, Germany, Canada

Portfolio highlights

Rosy Soil — Crafted for the specific needs of indoor plants, this blend contains all-natural, renewable ingredients that optimize drainage, deliver plant-boosting nutrients, and support a diverse community of beneficial fungi and microbes.
Moment Energy — Moment is a start-up striving to provide greater access to renewable and reliable energy storage. We create battery units that can be used in a variety of applications. Moment is currently focused on storing energy for off-grid, end of grid customers, and plans on powering remote communities in the future.
Orpheus Ocean — The first AUV to unlock scalable seafloor access

Kiilto Ventures is a family-owned company. Kiilto invests strongly in growth and renewal, determined to keep on reinventing and challenging themselves beyond their present core business.

Investment focus

Construction, CRM, Hospital
Funding Round, Seed
Finland, Portugal

Portfolio highlights

Delox — Delox is a spin-off of the Faculty of Sciences of the University of Lisbon (FCUL), whose goals consist in the design, development, and production of a vast portfolio of automatic biodecontamination robots. Target applications include the sterilization of medical devices in hospitals, health centers and field hospitals (for humanitarian missions,catastrophe situations, and war zones); room biodecontamination in hospitals, pharma, food industry and space; and laboratory equipment biodecontamination.
Betolar — Betolar is a new materials startup specialized in new geopolymer-based carbon-neutral construction materials for the construction industry and circular economy.
Asumma Homes — Asumma Homes is a construction technology company that focuses on building a global brand in housing. It provides architectural design, configuration, customization, and construction engineering. Asumma Homes was founded in the year 2021.

Sojitz is operates as a general trading company. The company exports built-up vehicles; assembles, manufactures, and sells local vehicles; and sells automobiles and motorcycle components, commercial aircraft, defense and related equipment, business jets, tires, surface-mounting machines, bearings, oil, natural gas, LNG, petroleum products, nuclearfuels, and nuclear power-related equipment and machinery.

Investment focus

Health Care, Medical, Manufacturing
Funding Round, Corporate Round, Series A
Japan, United States, India

Portfolio highlights

Ripplr — Ripplr is a full-stack tech distribution and logistics player that offers data-driven analytics and plugs and play system.
VLP Therapeutics — VLP Therapeutics, LLC (VLP) was established in 2012 by seasoned biopharmaceutical veterans with mission to develop innovative medical treatment which transforms traditional vaccine and targeted antibody therapies to address global unmet medical needs. Its vision is to combat the 21st century global public health problems through revolutionary nextgeneration i-αVLP (inserted alpha VLP) Technology. The company is headquartered in Gaithersburg, Maryland
Hycamite TCD Technologies — Hycamite is decarbonising industry using its proprietary methane pyrolysis technology. It provides its industrial clients with low-carbon hydrogen and sustainable carbon products for demanding applications.

Cherry Ventures is an early-stage venture capital firm led by a team of entrepreneurs with experience building fast-scaling companies such as Zalando and Spotify. The firm backs Europe's boldest founders, usually as their first institutional investor, and supports them in everything from their go-to-market strategy and the scaling of theirbusinesses. Cherry Ventures has previously invested in the seed stage of over 50 companies across Europe, including FlixBus, Auto1 Group, Infarm, Rows, Forto, and TourRadar. Cherry Ventures is based in Berlin and invests across Europe with operations in London, Paris, and Stockholm.

Investment focus

Software, Information Technology, Financial Services
Seed, Series A, Series B
Germany, United Kingdom, United States

Portfolio highlights

Robeaute — Redesigning the future of neurosurgery by creating the new standard device that will provide surgeons with seamless access to delicate areas of the brain parenchyma and with real-time data.
Trace.Space — Engineers develop complex products 10x faster with Trace.Space. Requirements management for the next generation
Integral — Bookkeeping, financial statements, and payroll all from one source

VNT Management is a venture capital management company that offers its services to investors and entrepreneurs.The company offers investors with 3 venture capital funds, all of which focus on clean technology. Furthermore, it offers an IRR of 25% and a position in the top quartile of European venture capital funds. Entrepreneurs are offered withsupply management, business idea, application, and product concept development, and technology scanning and evaluation services.VNT Management was founded in 2002 and is based in Finland.

Investment focus

Manufacturing, Electronics, Information Technology
Funding Round, Series B, Seed
Finland, Germany

Portfolio highlights

Visedo — Danfoss Editron specializes in hybrid and electric powertrain systems for off-highway and marine markets.
WeSustain — WeSustain develops and sells web-based software for enterprise sustainability management. The company’s ESM software is a management support system that helps companies go green and manage products, processes, and technologies in an environment-friendly manner.WeSustain’s ESM software enables the clients to establish a software-supported ESMsolution, as well as manage, improve, and report their ESM performance on a global basis while mitigating sustainability risks. The company was founded in 2010 and is based in Buxtehude, Germany.
Cajo Technologies — Our turnkey laser marking solutions for traceability and product markings are easy to use and optimized for industrial production processes.

A private investment firm run by Risto Siilasmaa and Kim Groop. Grounded in a deeply held set of values around entrepreneurship, trust, integrity and helping solve the world’s problems. We partner with strong and ambitious technology entrepreneurs driven by a mission to fix or build something important in the world.

Investment focus

Software, SaaS, Enterprise Software
Seed, Series A, Funding Round
Finland, United States, Estonia

Portfolio highlights

Paebbl — The modular technology from Paebbl may be included in any carbon capture system and is industrially scalable. As a result, Paebbl provides a raw material stream that is carbon-negative, radically altering the economics of preventing carbon from entering our environment.
NFTPort — Simple & powerful NFT infrastructure and APIs. Mint NFTs, deploy contracts, get multi-chain NFT data and enhanced APIs. Grab your free API Key now: nftport.xyz
The Upright Project — Upright enables smarter decision-making for investors, companies and governments by quantifying the net impact of companies.

KIMPA - Impact Family Office aims to deploy the capital of its clients towards investment that offers a positive environmental and social impact on our planet.

Investment focus

Retail, Environmental Engineering, Food and Beverage
Seed, Series A, Series C
France, Sweden, Finland

Portfolio highlights

Greenly — With Greenly's Carbon Management's platform; measure, reduce, report and offset your carbon emissions for a cleaner future!
WeDressFair — WeDressFair is a select-store of beautiful brands that place the respect of workers and the environment at the center.
Carbo Culture — We are a project developer with proprietary climate technology. We are building a rapidly scalable biochar carbon removal solution.

Lakan Betoni is a building material company that produces concrete blocks, environmental concrete, ready-mix concrete, and dry mix products.

Investment focus

Industrial Manufacturing, Environmental Engineering
Seed
Finland

Portfolio highlights

Carbonaide — Carbonaide provides award winning technology to utilize and store carbon dioxide in the precast concrete industry. Our mission is to turn concrete from a large emission source into a carbon sink.

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

Software, Analytics, Semiconductor
Series A, Series B, Seed
Finland, United States, Sweden

Portfolio highlights

TactoTek — Set your imagination free and create user experiences with the help of sustainable smart molded structures.
Blackwood Seven | Part of Kantar Group — Attribute, predict and optimize the business outcome of marketing and media plans with Blackwood Seven's Unified Marketing Modeling platform.
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.

Vantaan Energia is one of Finland's largest urban energy companies.

Investment focus

Automotive, Electronics, Mobile Apps
Seed, Funding Round, Private Equity
Finland, Sweden

Portfolio highlights

Myrspoven — Myrspoven provides a unique cloud-based service which continuously reads the output data from your buildings. The data is then analysed using modern AI technology which enables new ways of optimizing energy consumption.
Virta — The Virta platform for electric vehicle charging gives you an accelerated and cost-effective channel to launch, operate, and grow an EV charging business.
Carbonaide — Carbonaide provides award winning technology to utilize and store carbon dioxide in the precast concrete industry. Our mission is to turn concrete from a large emission source into a carbon sink.

Ecolab provides comprehensive solutions, data-driven insights, and personalized service to customers in the food, healthcare, hospitality, and industrial markets in more than countries to advance food safety, maintain clean and safe environments, optimize water and energy use, and improve operational efficiencies and sustainability.

Investment focus

Software, SaaS, Manufacturing
Series A, Series B, Funding Round
United States, Finland, Canada

Portfolio highlights

GravitHy — GravitHy is a sustainable iron and steel company focused on decarbonizing steel production through low CO₂ Direct Reduced Iron (DRI) and renewable hydrogen technologies. They aim to lead a green industrial revolution by significantly reducing the carbon footprint of the steel industry.
Guidewheel — In manufacturing unplanned downtime and idle time are huge hidden costs. Guidewheel's real-time machine monitoring helps improve OEE and increase production capacity.
The Water & Carbon Group — The Water & Carbon Group is a contractor that designs, builds, and operates wastewater treatment and ecological infrastructure solutions.

We are investing in #FutureFood. Nordic FoodTech VC is the first fund in the Nordics investing explicitly in the future of food

Investment focus

Biotechnology, Life Science, Water
Seed, Series A, Funding Round
Finland, Sweden, Denmark

Portfolio highlights

EvodiaBio — Mirroring nature with pioneering bioscience for natural flavors
Endless Food — Endless Food Co is a food innovation firm focusing on the junction of pleasure and sustainability. Endless Food Co was pulled together by a common idea that the transition to a greener and more egalitarian future food system will be driven by flavor, and having spent the last decade pioneering sustainable gastronomy
Happy Plant Protein — Changing the way plant proteins are made

LähiTapiola is based on mutual company form, a group of companies owned by its customers, serving the personal, farm, entrepreneurial.

Investment focus

Banking, FinTech, Internet
Funding Round, Debt Financing
Finland

Portfolio highlights

Enfuce — Enfuce is a cloud-based financial services provider that specializes in card issuing and payment processing services. It helps banks, fintech, and financial institutions become and remain fully PSD2 compliant, and helps them give third-party service providers access to digital accounts.The company was founded in 2016 and is headquartered inEspoo, Finland.
Connected Finland — The IoT operator of Finland, enabling millions of smart devices to connect directly to internet, with the most energy and cost efficient connectivity solut
Altum Technologies — Fouling costs several billions of euros every year and Altum can solve these issues. With Altum's unique approach:- You won't have production downtime - You will be more energy efficient - You don't need to use chemicals for cleaning - You will minimize maintenance - You will increase health and safety - You will act moresustainableThrough their intelligent software, Altum is the only company in the world who can completely control Power Ultrasound to make fouling disappear once and for all without stopping production. This is done by externally applying the system to any liquid carrying equipment (heat exchangers, pipes, tanks, cooling towers, filters, reactors, etc.) without the need to do any changes to them.Their externally installed power ultrasound solution is capable to clean almost any dirt, like biofouling, mineral scaling, chemical fouling.There are numerous different cases in which their power ultrasound patented solution can help.

Delos is a real estate company that specializes in supporting companies in the fields of health, design, and science to improve human health in the built environment. It focuses on homes, offices, schools and other indoor environments by placing health and wellness at the center of design and construction decisions. It was founded in 2007 andheadquartered in New York, United States.

Investment focus

GreenTech, Health Care, Innovation Management
Funding Round
Finland

Portfolio highlights

Naava — Naava helps you to make safer and healthier indoor spaces - experience Naava green wall, a striking combination of nature and high-end technology.

Founded by two Wall Street professionals in 2002 with the goal of making companies successful by helping them raise capital and improve their management standards. This was done by taking an active role in running these companies (at the Board level and operationally) and helping to secure strategic partnerships.Over USD 100 million in assetsgenerated from successful investments in China, and more recently in Europe. All invested funds come from our partners; no 3rd party money is managed. Since the partners are investing their own capital, they are dedicated to making their investments successful.Led by Monita Mo, one of the founders and a serial entrepreneur. Our partners have decades of experience across a wide range of industries and geographical regions. All investment partners have done business in Asia and bring an extensive network of contacts for our investments. Additionally, they have started, managed, and sold businesses and understand the challenges involved.See the need to share more developed technology to other markets, especially in China, where growth opportunities may be greater. That is why we are currently focusing on companies in Europe and other developed markets that have unique technologies that can be commercialized in their home markets, Asia, and the US.

Investment focus

Health Care, Medical Device, Automotive
Series A, Seed, Funding Round
Finland, United States, Canada

Portfolio highlights

Battlesnake — Controlled by a web server you build, and the code you write, Battlesnakes move to find food, avoid others, and stay alive.
Inflection.io — Marketing technology for product-led companies
Nanoflex Robotics — Nanoflex Robotics develops a soft robotic system that precisely inserts specially made guidewires and catheters deep into the brain. The company provides patented magnetic navigation technology but also the necessary surgical devices. Nanoflex Robotics was established in May, 2021 in Zurich, Switzerland.

VTT is a powerhouse of technology development and scientific research. Many of the most significant Finnish technology start-ups were brought to life at VTT. Do you want to invest in ongoing ventures?

Investment focus

Manufacturing, Biotechnology, 3D Technology
Seed, Funding Round, Series A
Finland

Portfolio highlights

Dispelix — See-through, full color waveguide combiners for a wide range of XR applications. From near-eye to head-up.
Quanturi Oy — Quanturi's robust wireless temperature monitoring systems are specifically designed for monitoring hay, compost, grain and many other fermentable materials during storage. Our systems decrease fire risks and ensure quality certification.
Solar Foods — The Finnish company Solar Foods Oy produces an entirely new kind of nutrient-rich protein using only air and electricity as the main resources. The goal of the company is to start commercial production of the environmentally revolutionary protein in 2020.Solar Foods’ concept redefines the basics of food production, as it is not dependent onagriculture, the weather, or the climate. The price of the protein product is also competitive compared to sources such as soy protein.

TechFund meta description

Investment focus

Automotive, Software, Electric Vehicle
Funding Round, Series C, Series A
United States, Israel, United Kingdom

Portfolio highlights

RemotiveLabs — RemotiveLabs is a developer of an automotive software development platform designed to streamline the vehicle manufacturing process.
NEURA Robotics — Cognitive Robotics for Real-World Applications: NEURA Robotics enables safe and smart robot integration for Industry, Work and Everyday Life
Breathe Battery Technologies — Breathe Battery Technologies is a research-led technology company developing advanced battery management algorithms

KPMG is a global network of professional firms providing Audit, Tax & Advisory services.

Investment focus

Software, Information Technology, Enterprise Software
Funding Round, Series A, Series B
United States, Australia, United Kingdom

Portfolio highlights

Auditoria.AI — Auditoria's agentic AI-based finance automation increases the speed, accuracy, and productivity of teams to automate accounts payable and receivable.
Wokelo AI — Wokelo AI transforms research for PE, VC, Consulting, and Corporates. Save time, uncover insights, and make data-driven decisions. Book your demo now.
Cranium — Gain visibility into your AI systems, identify AI security risks, and demonstrate internal and 3rd-party AI compliance.

OGCI Climate Investments focuses on delivering the transition to lower carbon emission energy sources. The leaders of the ten major oil and gas companies are committed to the direction set out by the Paris Agreement on climate change. They support its agenda for global action and the need for urgency. Through their collaboration in Oil and GasClimate Initiative (OGCI), they can be a catalyst for change in their industry and more widely.OGCI aims to increase the ambition, speed and scale of the initiatives they undertake as individual companies to reduce the greenhouse gas footprint of their core oil and gas business – and to explore new businesses and technologies.

Investment focus

Energy, CleanTech, Manufacturing
Series B, Series A, Series C
United States, Canada, Spain

Portfolio highlights

XOCEAN — Using unmanned surface vessels (USVs), XOCEAN offers turnkey data collection services to Surveyors, Companies and Agencies.
Metron — Actively Reduce Your Energy Consumptions and Costs with the METRON EMOS Solution and Lower the Carbon Impact of Your Organisation.
METRON — METRON has built a unique positioning at the convergence of the digital revolution and the energy transition. The combination of Big Data, artificial intelligence and human expertise is a key asset to accelerate their development, in France and abroad.Their teams work daily in collaboration with METRON-EVA®, their virtual assistant, to deploytheir solution on industrial sites around the world and help you manage and optimize your energy flows.

Failup Ventures invests in pre-seed and seed stage companies based in the US and Nordics.

Investment focus

Marketplace, Home Services, Machine Learning
Pre-Seed, Funding Round
Finland, Portugal

Portfolio highlights

Liquid Sun — Liquid Sun Ltd. We fight against climate change by recoding CO2 emissions to fossil-free fuels and chemicals. Our technology is based low temperature electrolyzers.
OSCAR — On-demand app for home services like repair, cleaning and laundry with fixed prices in less than 30 minutes.
Confidentialmind — The ConfidentialMind software stack enables you to integrate AI-solutions such as language models into your workflows and processes without data leaks to third parties. We will find a way to protect your data.

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