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Top 50 Sustainability VC Funds & Investors in Finland (June 2026)

The most active venture capital funds investing in Finland Sustainability startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Finland Sustainability startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Lifeline Ventures
VC Fund
12 Finland, United States, United Kingdom Seed, Series A Software, Health Care, E-Commerce $547k–$20M
Business Finland
VC Fund
10 Finland, United States, United Kingdom Grant, Seed, Debt Financing Software, Biotechnology, SaaS $53k–$11M
Finnvera Venture Capital
VC Fund
9 Finland, United States, Chile Seed, Series A Software, Health Care, Information Technology $250k–$22M
Tesi
VC Fund
7 Finland, United States, Switzerland Series A, Series B Software, Manufacturing, Health Care $2.2M–$41M
Butterfly Ventures
VC Fund
6 Finland, Sweden, Norway Seed, Pre-Seed Health Care, Software, Information Technology $110k–$4.4M
Superhero Capital
VC Fund
6 Finland, Lithuania, Estonia Seed, Pre-Seed Software, Information Technology, Internet $212k–$3.1M
Stephen Industries
VC Fund
4 Finland, Sweden Seed, Series A, Pre-Seed Health Care, Biotechnology, Apps $330k–$45M
Finnish Climate Fund
VC Fund
4 Finland Debt Financing, Series A Energy, Renewable Energy, Manufacturing $2.6M–$14M
Voima Ventures
VC Fund
4 Finland, Sweden, Norway Seed, Pre-Seed, Series A Biotechnology, Health Care, Artificial Intelligence $439k–$18M
Valve Ventures
VC Fund
3 Finland Seed, Series A Energy, CleanTech, Oil and Gas $1.1M–$6.7M
Redstone.VC
VC Fund
3 Germany, Finland, Switzerland Seed, Series A, Pre-Seed Software, Information Technology, Health Care $505k–$17M
Springvest
VC Fund
3 Finland Series A, Seed Biotechnology, Health Care, Energy $1.5M–$53M
Nidoco
VC Fund
3 Finland, Sweden, Estonia Seed, Series A Software, Health Care, Apps $327k–$2.7M
Holdix Oy Ab
VC Fund
3 Finland Seed, Series A Energy, Seafood, Recycling $2M–$8.3M
Wave Ventures
VC Fund
3 Finland, Sweden, Germany Seed, Pre-Seed Software, Internet, Information Technology $165k–$2.1M
2C Ventures
VC Fund
3 Estonia, Finland, Italy Pre-Seed, Seed Software, Renewable Energy, SaaS $1M–$4.2M
Innovestor
VC Fund
2 Finland, Denmark, Sweden Seed, Pre-Seed Software, Health Care, Information Technology $163k–$4.5M
PeakBridge
VC Fund
2 Israel, United States, United Kingdom Series A, Seed, Series B Food and Beverage, Health Care, Food Processing $768k–$50M
Maki.vc
VC Fund
2 Finland, Norway, Denmark Seed, Series A, Pre-Seed Software, E-Commerce, Information Technology $900k–$37M
Nordic Foodtech VC
VC Fund
2 Finland, Denmark, Sweden Seed, Series A, Pre-Seed Biotechnology, Food and Beverage, Life Science $549k–$18M
Inventure
VC Fund
2 Finland, Sweden, United States Seed, Series A, Series B Software, Information Technology, Health Care $549k–$23M
PC Rettig & CO Impact
VC Fund
2 Finland Seed Mining, Robotics, 3D Printing $3.3M–$8.3M
Sitra
VC Fund
2 Finland, The Netherlands Series A, Series C Health Care, Biotechnology, Therapeutics
True Ventures
VC Fund
2 United States, United Kingdom, Canada Seed, Series A, Series B Software, Information Technology, Artificial Intelligence $1.2M–$50M
Übermorgen Ventures
VC Fund
2 Germany, Switzerland, Finland Seed, Pre-Seed, Series A Software, Energy, Renewable Energy $344k–$12M
Bragiel Brothers
VC Fund
2 United States, Finland, Japan Seed, Series A, Pre-Seed Software, Information Technology, FinTech $255k–$68M
Heraeus
VC Fund
2 Germany, China, Japan Seed, Corporate Round, Series A Manufacturing, Biotechnology, Therapeutics $4.4M–$8.5M
Halton Ventures
VC Fund
2 Finland Smart Building, Energy, GreenTech
UB FIGG
VC Fund
2 Finland Series A Chemical, Forestry, Recycling $26M–$30M
OMV Petrom
VC Fund
2 France, Finland, The Netherlands Series A, Private Equity, Corporate Round Fuel, Energy, Clean Energy $45M–$45M
Failup Ventures
VC Fund
2 Finland, United States, Sweden Seed, Pre-Seed Software, E-Commerce, Power Grid $649k–$7M
Turret Oy
VC Fund
2 Finland Seed, Series A Energy, Farming, Seafood $2.7M–$45M
Vantaan Energia
VC Fund
2 Finland, Sweden Seed, Private Equity Automotive, Electronics, Mobile Apps $2M–$4.4M
Conor Venture Partners
VC Fund
1 Finland, United States, Sweden Series A, Series B, Seed Software, Analytics, Semiconductor
Nordic Investment Bank
VC Fund
1 Sweden, Finland, Norway Debt Financing, Post-IPO Debt Energy, Clean Energy, Electrical Distribution
Born2Grow
VC Fund
1 Germany, Finland, United States Seed, Series A, Series B Software, Health Care, Medical
ITOCHU International
VC Fund
1 Finland Series A Recycling, Manufacturing, Wood Processing
Moomin Characters
VC Fund
1 Finland Seed Biotechnology, Environmental Engineering
Volvo Cars
VC Fund
1 Sweden, Finland, United States Seed, Post-IPO Debt CleanTech, Electric Vehicle, Automotive
Scientifica Venture Capital
VC Fund
1 Italy, Sweden, Finland Seed, Pre-Seed Biotechnology, Sustainability, Product Research
Taaleri
VC Fund
1 Finland, Kenya Seed, Pre-Seed Financial Services, FinTech, Lending
KIMPA - Impact Investing
VC Fund
1 France, Sweden, Finland Seed, Series A, Series C Retail, Environmental Engineering, Food and Beverage
Ecolab
VC Fund
1 United States, Finland, Canada Series A, Series B Software, SaaS, Manufacturing
VTT Ventures
VC Fund
1 Finland Seed, Series A Manufacturing, Biotechnology, 3D Technology
KPMG
VC Fund
1 United States, Australia, United Kingdom Series A, Series B Software, Information Technology, Enterprise Software
Climate Investment
VC Fund
1 United States, Canada, Spain Series B, Series A, Series C Energy, CleanTech, Manufacturing
Fortum
VC Fund
1 Finland Series A CleanTech, Clean Energy, Renewable Energy
Shanghai Pudong Development Bank
VC Fund
1 China, Finland Debt Financing, Series B, Series C PaaS, Sales, Energy
Finnfund
VC Fund
1 Kenya, India, South Africa Debt Financing, Series B Financial Services, FinTech, Energy
Takeoff Partners
VC Fund
1 Finland, United States, United Kingdom Seed Software, CRM, Sales
Access all 180 VC funds in Finland Sustainability startups.

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822 industries, 177 countries. Updated daily. Emails and phones included.

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Investor list

Lifeline Ventures
VC Fund · Helsinki, Southern Finland, Finland · 12 investments in Finland Sustainability startups

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.

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Investment focus

  • Industry: Software, Health Care, E-Commerce
  • Stage:Seed, Series A
  • Geography: Finland, United States, United Kingdom

Investor stats

  • Total investments: 179
  • Round size: Seed $547k–$5.4M; Series A $2.7M–$20M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: Likely still investing — raised $171M in 2023

Portfolio highlights

  • Realm — Realm is a search engine for the workplace reimagined with AI. Designed to help fast-moving teams better leverage their collective knowledge.
  • Thor Dynamics — Headquartered in Orlando, Florida, with a European base in Finland, Thor Dynamics specializes in directed energy systems for defense against drones and drone swarms. The company’s innovative solutions are available worldwide to protect critical infrastructure and enhance national security. Laser Armor™ is a complete directed energy counter-dronesolution. Utilizing advanced radar and optical systems it can detect, track, and target hostile targets. High-power directed energy from Thor’s Laser Engines then eliminates the threat in seconds. Multiple safety systems ensure accurate target identification and minimal collateral damage.
  • Everywear Games — Metacore is a wearable game studio. The company was founded in 2014 by industry veterans from Remedy, Digital Chocolate and Rovio and it is the pioneer of smartwatch gaming. It’s award-winning Apple Watch launch title, Runeblade, has received worldwide recognition from press, fans and industry heavyweights and it’s games are consistently on top ofglobal charts.
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Business Finland
VC Fund · Helsinki, Southern Finland, Finland · 10 investments in Finland Sustainability startups

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.

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Investment focus

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

Investor stats

  • Total investments: 197
  • Round size: Seed $297k–$3.5M; Grant $53k–$11M; Debt Financing $241k–$5.8M
  • Lead/follow: 42% lead, 58% follow
  • Last fund: May invest from a new fund soon — last raise in 2017

Portfolio highlights

  • Agileday — Connect your business elements in one tool and manage your entire operations with Agileday. Match sales, projects, and talent together and optimize your business.
  • Marginum — Pioneering the next-generation quantitative surgical techniques.
  • Valio — We are Valio Group: the most innovative dairy and food company in the world.
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Finnvera Venture Capital
VC Fund · Kuopio, Eastern Finland, Finland · 9 investments in Finland Sustainability startups

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.

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Investment focus

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

Investor stats

  • Total investments: 94
  • Round size: Seed $250k–$2.3M; Series A $1.7M–$22M
  • Lead/follow: 15% lead, 85% follow

Portfolio highlights

  • 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.
  • Volare — Refining food industry side streams into sustainable protein, oil and fertilizers.
  • CHAOS — CHAOS is an urban forecasting company for real estate investors and city developers. Our AI platform processes urban data and crowd insights to forecast investment and development for creating liveable cities.
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Tesi
VC Fund · Helsinki, Southern Finland, Finland · 7 investments in Finland Sustainability startups

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

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Investment focus

  • Industry: Software, Manufacturing, Health Care
  • Stage:Series A, Series B
  • Geography: Finland, United States, Switzerland

Investor stats

  • Total investments: 142
  • Round size: Series A $2.2M–$41M; Series B $3.1M–$35M
  • Lead/follow: 16% lead, 84% follow

Portfolio highlights

  • Wirepas — Wirepas offers a standards-based, ultra-reliable mesh connectivity for infrastructure-grade IoT. Proven in millions of devices worldwide.
  • Kide Science — Kide Science supports young children's scientific thinking through play-based learning, which predicts better learning outcomes in school.
  • MaaS Global — Whim combines all the transportation you need: Public transport, shared cars, bikes, e-scooters, taxis, and more! One app to plan, book, and pay.
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Butterfly Ventures
VC Fund · Oulu, Oulu, Finland · 6 investments in Finland Sustainability startups

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.

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Investment focus

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

Investor stats

  • Total investments: 87
  • Round size: Seed $219k–$2.1M; Pre-Seed $110k–$4.4M
  • Lead/follow: 41% lead, 59% follow

Portfolio highlights

  • Atium — Clean water is one of the largest future challenges we stand before, and toxic pollutants are a large contributing factor. Heavy metals are some of the most toxic chemicals to human health and it is our goal, through our innovation, to contribute to a world where water treatment is more environmentally friendly and effective. Atium exists to helpensure clean water, for everyone.
  • Reactional Music — Reactional Music is creating a new commercial layer for the global games industry that uses premium, licensed music to drive both user acquisition and player engagement. The company’s technology allows developers and publishers to integrate commercial music at two critical points in the player lifecycle:- Music in User Acquisition – improvingconversion, ROI, and campaign lifespan in playable ads and performance marketing.- Music in Games – increasing retention, session length, and monetization through adaptive, personalized music experiences.Reactional’s platform combines a patented rule-based adaptive music engine, a licensed catalog of more than six million tracks, and an automated rights and royalty system. The technology is already integrated with Unity and Unreal and is deployed across live projects with leading publishers and studios.
  • 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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Superhero Capital
VC Fund · Helsinki, Southern Finland, Finland · 6 investments in Finland Sustainability startups

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€.

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Investment focus

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

Investor stats

  • Total investments: 93
  • Round size: Seed $212k–$3.1M; Pre-Seed $618k–$1.8M
  • Lead/follow: 54% lead, 46% follow
  • Last fund: May invest from a new fund soon — raised $35M in 2020

Portfolio highlights

  • Zadaa — We are the world’s first marketplace to make selling and buying secondhand as simple as in an online store. We have revolutionised C2C logistics regarding pricing and marketplace integration between multiple logistic companies operating on different markets. Zadaa is live on German, Danish and Finnish markets.
  • eMabler — We accelerate our customers' business growth by convenience in eMobility with our API-first platform
  • ADESANTE — SurgeryVision is a Virtual Reality solution for Surgeons. Product is intended to be used for planning surgical procedures.
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Stephen Industries
VC Fund · Espoo, Southern Finland, Finland · 4 investments in Finland Sustainability startups

We fund futurebreakthroughs

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Investment focus

  • Industry: Health Care, Biotechnology, Apps
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Finland, Sweden

Investor stats

  • Total investments: 16
  • Round size: Seed $1.2M–$8.3M; Pre-Seed $330k–$4.4M; Series A $8.4M–$45M
  • Lead/follow: 19% lead, 81% follow

Portfolio highlights

  • AlixLabs — AlixLabs is a Swedish semiconductor startup, founded in 2019.
  • Cronvall
  • Freepress.ai — Freepress operates with an AI-driven virtual news editor that analyzes hundreds of thousands of publicly available and licensed articles from different countries.
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Finnish Climate Fund
VC Fund · Helsinki, Southern Finland, Finland · 4 investments in Finland Sustainability startups

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

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Investment focus

  • Industry: Energy, Renewable Energy, Manufacturing
  • Stage:Debt Financing, Series A
  • Geography: Finland

Investor stats

  • Total investments: 20
  • Round size: Debt Financing $2.6M–$14M
  • Lead/follow: 40% lead, 60% 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.
  • 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.
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Voima Ventures
VC Fund · Helsinki, Southern Finland, Finland · 4 investments in Finland Sustainability startups

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.

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Investment focus

  • Industry: Biotechnology, Health Care, Artificial Intelligence
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Finland, Sweden, Norway

Investor stats

  • Total investments: 59
  • Round size: Seed $1M–$5.9M; Pre-Seed $439k–$2.1M; Series A $3.8M–$18M
  • Lead/follow: 64% lead, 36% follow

Portfolio highlights

  • Cellfion — Cellfion provides sustainable materials for next level clean energy storage and conversion devices.​
  • Kuva Space — Kuva Space improves life on Earth through daily, space-borne hyperspectral imaging and AI. We offer Earth observation solutions for more sustainable business.
  • Sofi Filtration — Innovation in Industrial Liquid Filtration
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Valve Ventures
VC Fund · Helsinki, Southern Finland, Finland · 3 investments in Finland Sustainability startups

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

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Investment focus

  • Industry: Energy, CleanTech, Oil and Gas
  • Stage:Seed, Series A
  • Geography: Finland

Investor stats

  • Total investments: 9
  • Round size: Seed $1.1M–$1.8M; Series A $4.4M–$6.7M
  • Lead/follow: 11% lead, 89% 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.
  • QHeat — QHeat offers Clean geothermal energy solutions for sustainable built environments
  • Betolar — Betolar is a new materials startup specialized in new geopolymer-based carbon-neutral construction materials for the construction industry and circular economy.
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Access 48,091 investors

822 industries, 177 countries. Updated daily. Emails and phones included.

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Redstone.VC
VC Fund · Berlin, Berlin, Germany · 3 investments in Finland Sustainability startups

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

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Investment focus

  • Industry: Software, Information Technology, Health Care
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Germany, Finland, Switzerland

Investor stats

  • Total investments: 167
  • Round size: Seed $505k–$6.6M; Pre-Seed $1.3M–$3.1M; Series A $1.6M–$17M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: Likely still investing — raised $57M in 2023

Portfolio highlights

  • UpHill — Clinical algorithms, medical events, scientific evidence and a simulation software in one place
  • ALLSIDES — 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.
  • Multiverse Computing — World leaders in quantum computing for the financial industry. The first quantum & quantum-inspired toolbox for finance.
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Springvest
VC Fund · Helsinki, Southern Finland, Finland · 3 investments in Finland Sustainability startups

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.

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Investment focus

  • Industry: Biotechnology, Health Care, Energy
  • Stage:Series A, Seed
  • Geography: Finland

Investor stats

  • Total investments: 23
  • Round size: Seed $1.5M–$7.6M; Series A $3.6M–$53M
  • Lead/follow: 74% lead, 26% follow

Portfolio highlights

  • ReOrbit — Looking for a way to keep your data flowing in space? ReOrbit has you covered with our line of autonomous and inter-networking satellites!
  • MedicubeX — MedicubeX aims to revolutionize preventive healthcare by building a network of autonomous self-measurement and telehealth eHealth Stations. We are the most advanced health kiosk and the first one in the Nordics. The eHealth Station offers regular clinical-grade medical check-ups for everyone regardless of location.
  • CurifyLabs — CurifyLabs enables 3D printed personalized medicines in pharmacies and hospitals. Always close to the patient.
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Nidoco
VC Fund · Stockholm, Stockholms Lan, Sweden · 3 investments in Finland Sustainability startups

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

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Investment focus

  • Industry: Software, Health Care, Apps
  • Stage:Seed, Series A
  • Geography: Finland, Sweden, Estonia

Investor stats

  • Total investments: 24
  • Round size: Seed $327k–$2.7M
  • Lead/follow: 38% lead, 62% follow

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.
  • TactoTek — Set your imagination free and create user experiences with the help of sustainable smart molded structures.
  • CHAOS — CHAOS is an urban forecasting company for real estate investors and city developers. Our AI platform processes urban data and crowd insights to forecast investment and development for creating liveable cities.
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Holdix Oy Ab
VC Fund · Helsinki, Southern Finland, Finland · 3 investments in Finland Sustainability startups

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.

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Investment focus

  • Industry: Energy, Seafood, Recycling
  • Stage:Seed, Series A
  • Geography: Finland

Investor stats

  • Total investments: 7
  • Round size: Seed $2M–$8.3M
  • Lead/follow: 14% lead, 86% follow

Portfolio highlights

  • Fiberdom — Fiberdom develops sustainable materials from wood fibers, focusing on plastic-free solutions. The company offers a range of compostable cutlery designed for food service and take-away applications. These products are fully recyclable and comply with European regulations, making them suitable for environmentally conscious consumers. Fiberdomemphasizes innovation in transforming wood fibers into high-performance materials, contributing to sustainability efforts in various industries. The commitment to creating eco-friendly alternatives positions Fiberdom as a key player in the materials innovation sector.
  • Hailia Oy — We mainstream seafood sidestreams with technology that upcycles them into tasty food products.
  • 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.
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Wave Ventures
VC Fund · Helsinki, Southern Finland, Finland · 3 investments in Finland Sustainability startups

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.

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Investment focus

  • Industry: Software, Internet, Information Technology
  • Stage:Seed, Pre-Seed
  • Geography: Finland, Sweden, Germany

Investor stats

  • Total investments: 36
  • Round size: Seed $329k–$2.1M; Pre-Seed $165k–$1.6M
  • Lead/follow: 11% lead, 89% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • CRACI — CRACI is a platform that automates EU Cyber Resilience Act compliance for product and service companies. It also secures software supply chains against attacks and vulnerabilities.
  • CYBRET AI — CYBRET AI is an AI security research and development lab that develops autonomous security solutions with humans in and not in the loop.
  • Newly — Newly is the easiest way to build and ship cross-platform mobile apps — no senior engineering team required.Our mission is to empower a new generation of builders to launch high-quality native mobile apps without getting blocked by code, complexity, or cost.We’re building the first truly accessible mobile app development tool — combining thespeed of no-code with the power of real code when you need it — and opening the door for the estimated 99.5% of people who currently can’t build mobile apps on their own.Newly is used by early-stage founders, junior developers, designers, and product teams who want to ship faster and smarter.
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2C Ventures
VC Fund · Tallinn, Harjumaa, Estonia · 3 investments in Finland Sustainability startups

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.

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Investment focus

  • Industry: Software, Renewable Energy, SaaS
  • Stage:Pre-Seed, Seed
  • Geography: Estonia, Finland, Italy

Investor stats

  • Total investments: 9
  • Round size: Seed $1.2M–$4.2M; Pre-Seed $1M–$2.3M
  • Lead/follow: 67% lead, 33% follow

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.
  • Bisly — Bisly Scalable Building Automation reduces the overhead for building professionals and makes energy saving easy and affordable.
  • 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.
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Innovestor
VC Fund · Helsinki, Southern Finland, Finland · 2 investments in Finland Sustainability startups

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

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Investment focus

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

Investor stats

  • Total investments: 79
  • Round size: Seed $507k–$4.5M; Pre-Seed $163k–$2M
  • Lead/follow: 61% lead, 39% follow
  • Last fund: May invest from a new fund soon — raised $35M in 2020

Portfolio highlights

  • Innomost — Innomost develops and produces high-value bioactive ingredients from forest industry side streams that enable customers to make innovations in the cosmetic beauty industry. Its current product portfolio consists of birch charcoal powder, birch bark powder, betulin, suberin, and azelaic acid, which can trigger innovation in all cosmetic productcategories including skincare, haircare, body care, decorative cosmetics, and oral care.
  • 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.
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PeakBridge
VC Fund · Valletta, NA - Malta, Malta · 2 investments in Finland Sustainability startups

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.

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Investment focus

  • Industry: Food and Beverage, Health Care, Food Processing
  • Stage:Series A, Seed, Series B
  • Geography: Israel, United States, United Kingdom

Investor stats

  • Total investments: 49
  • Round size: Seed $768k–$11M; Series A $4.9M–$17M; Series B $11M–$50M
  • Lead/follow: 43% lead, 57% follow
  • Last fund: Likely still investing — raised $106M in 2022

Portfolio highlights

  • Mondra — Unlock supply chain intelligence for food system resilience. Discover insights and solutions to build robust and adaptable food supply chains.
  • SOUS — One easy-to-use tool to grow traffic, make online sales, seamlessly handle orders and drive retention. Built for food entrepreneurs, built with taste.
  • KÄÄPÄ Biotech — Medicinal mushrooms, biotechnology, mycology, forestry, agroforestry, and food production.
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Maki.vc
VC Fund · Helsinki, Southern Finland, Finland · 2 investments in Finland Sustainability startups

We partner with deep tech and brand-driven companies obsessed in challenging category norms. The Nordics are our home, but we take on a global front in spotting the unexpected - from B2B to B2C, with a sweet spot for scientific advances, strong IP, and customer understanding that looks beyond convention.We invest in early stage companies: fromtheir inception to series A and beyond. We share in the vision of founders as champions and challengers, drawing on our experiences from scaling some of the strongest tech companies ourselves.

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Investment focus

  • Industry: Software, E-Commerce, Information Technology
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Finland, Norway, Denmark

Investor stats

  • Total investments: 93
  • Round size: Seed $900k–$8M; Pre-Seed $1.1M–$2.7M; Series A $3.3M–$37M
  • Lead/follow: 46% lead, 54% follow
  • Last fund: Likely actively investing — fund raised in 2024

Portfolio highlights

  • Yaak Technologies ApS — Safety in urban self-driving is currently an afterthought. At Yaak, we distill safety from driving experts for the next generation of human and autonomous driving.
  • IXI — Discover adaptive glasses with autofocus lenses that adjust to your viewing needs, providing seamless clarity at any distance.
  • Quanscient — We are building next generation simulation software-as-a-service utilizing Quantum computing algorithms. Our specialty domain of simulations is Computational Electromagnetics.
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Nordic Foodtech VC
VC Fund · Helsinki, Southern Finland, Finland · 2 investments in Finland Sustainability startups

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

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Investment focus

  • Industry: Biotechnology, Food and Beverage, Life Science
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Finland, Denmark, Sweden

Investor stats

  • Total investments: 28
  • Round size: Seed $549k–$5.5M; Pre-Seed $1M–$1.9M; Series A $7.4M–$18M
  • Lead/follow: 54% lead, 46% follow
  • Last fund: Likely still investing — raised $49M in 2021

Portfolio highlights

  • 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.
  • Hailia Oy — We mainstream seafood sidestreams with technology that upcycles them into tasty food products.
  • NPHarvest — NPHarvest is a company with expertise in organic waste management, wastewater treatment, and nutrient recovery. NPHarvest is a research project aiming to enable efficient and profitable nitrogen recycling from waste flows to the fertilizer market, utilizing energy-efficient hydrophobic membrane stripping and ballasted sedimentation of phosphoruswith lime.
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Inventure
VC Fund · Helsinki, Southern Finland, Finland · 2 investments in Finland Sustainability startups

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

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Investment focus

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

Investor stats

  • Total investments: 165
  • 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

  • Finch — Optimize building design with AI and graph technology. Get immediate feedback on performance, detect errors and find optimal solutions.
  • Reveel — Say goodbye to paper maps, brochures, and outdated audio guides. Reveel offers digital solutions for destinations such as UNESCO sites, sights, museums, cities, hotels and parks, taking the visitor experience to the next level. Become part of the smart destination movement, enhance the visitor experience, and discover the future of travel.
  • ONEiO — ONEiO is a cloud-native integration service provider connecting people, processes, and tools – enabling seamless collaboration without traditional integration hassle. Provided as a turn-key solution, as self-service, or something in between. You choose.
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PC Rettig & CO Impact
VC Fund · 2 investments in Finland Sustainability startups

PC Rettig & CO Impact

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Investment focus

  • Industry: Mining, Robotics, 3D Printing
  • Stage:Seed
  • Geography: Finland

Investor stats

  • Total investments: 2
  • Round size: Seed $3.3M–$8.3M
  • Lead/follow: 0% lead, 100% follow

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.
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Sitra
VC Fund · Helsinki, Southern Finland, Finland · 2 investments in Finland Sustainability startups

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.

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Investment focus

  • Industry: Health Care, Biotechnology, Therapeutics
  • Stage:Series A, Series C
  • Geography: Finland, The Netherlands

Investor stats

  • Total investments: 7
  • Lead/follow: 14% lead, 86% follow

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 — SET propels founders from early growth to European scale. We invest in and grow the solutions powering the digital energy economy.
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True Ventures
VC Fund · Palo Alto, California, United States · 2 investments in Finland Sustainability startups

Founded in 2005, True Ventures is a Silicon Valley-based venture capital firm that invests in early-stage technology startups. With more than $3.8 billion under management, True provides seed and Series A financing to entrepreneurs in some of today's growing markets. With more than 40 team members including special advisors, operationsprofessionals, and founders-turned-investors, True represents one of the largest and most experienced teams dedicated to the ecosystem. The True team believes creativity flourishes when founders are supported fully and empowered to pursue brave ideas. To that end, the True Platform offers programs that inspire professional and personal growth. To date, True has helped more than 350 companies launch and scale their businesses, creating over 85,000 jobs worldwide. True was awarded Venture Firm of the Year by the National Venture Capital Association in 2018. To learn more, visit www.trueventures.com.

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Seed, Series A, Series B
  • Geography: United States, United Kingdom, Canada

Investor stats

  • Total investments: 597
  • Round size: Seed $1.2M–$9.6M; Series A $2M–$28M; Series B $4M–$50M
  • Lead/follow: 37% lead, 63% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Bigscreen — Founded by Darshan Shankar in 2014, Bigscreen is a venture-backed startup creating an immersive virtual reality platform that aims to revolutionize the way people work, play, hangout, and collaborate.Use cases of Bigscreen include both entertainment and productivity. Users love using Bigscreen as a "VR movie theater" to watch movies andTV shows. It's also used to play videogames, browse the web, and hangout with friends. It's can also be used for productivity as a tool for remote teams to collaborate together in virtual offices.Since the beta launch in March 2016, Bigscreen has become one of the most popular and highest rated VR apps on the Oculus Store and has an incredible 93% positive rating on Steam. Power users spend 20-30 hours per week in Bigscreen, making it one of the most widely used "killer apps" in the industry.Bigscreen is now the most popular non-gaming VR application in the world.Bigscreen is a fully distributed remote company with employees based around the world in the US & UK.
  • Yousician — Yousician is a fun way to learn the guitar, piano, bass, ukulele or singing. Enjoy thousands of songs with Yousician as your personal music teacher!
  • Diligent Robotics — We build robots like Moxi that assist hospital staff with routine activities so they can focus on caring for patients.
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Übermorgen Ventures
VC Fund · Zürich, Zurich, Switzerland · 2 investments in Finland Sustainability startups

We are an early stage VC for climate tech startups.

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Investment focus

  • Industry: Software, Energy, Renewable Energy
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Germany, Switzerland, Finland

Investor stats

  • Total investments: 51
  • Round size: Seed $2.2M–$6.2M; Pre-Seed $344k–$4.2M; Series A $2.7M–$12M
  • Lead/follow: 22% lead, 78% follow

Portfolio highlights

  • UNOWN — Unown is a service and SaaS provider for the fashion industry. Our goal is to revolutionize the way we buy & sell clothing and thereby save 100,000 tons of CO2e every year. We believe that through our leasing, subscription and pre-loved services, we can use resources smarter and create higher value per asset.We enable brands to secure theirshare in the growing secondary markets. They lease out their assets through our revenue share model and get access to deep usage data. We enable customers to experience fashion with a completely new mindset. Our service allows them to rotate their wardrobe while maintaining an efficient and conscious lifestyle.
  • Verna — Verna is a business using geospatial data science to address the climate and nature crises.We help landowners, investors, and policymakers to use land in ways that draw down carbon, enhance biodiversity and generate sustainable returns – e.g. through woodland creation, habitat creation and enhancement, and regenerative agriculture.Verna wasestablished in Borehamwood, Hertford.
  • Ostrom — We make energy fair, smart and green - one flexible monthly plan with no hidden fees, digital-first and 100% renewable energy.
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Bragiel Brothers
VC Fund · San Francisco, California, United States · 2 investments in Finland Sustainability startups

Classic arcade gaming experience

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Investment focus

  • Industry: Software, Information Technology, FinTech
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, Finland, Japan

Investor stats

  • Total investments: 75
  • Round size: Seed $1M–$7M; Pre-Seed $255k–$3.8M; Series A $6.1M–$68M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Vital — Intuitive, user friendly, smart hospital software that leverages AI for an optimized patient and clinician experience.
  • Salmon Labs — Use Salmon to transform your CRM. Effortlessly clean, verify, and enrich your data. with AI capabilities. Keep Your CRM Data Fresh and Dynamic.
  • Green Room — Easily keep track of your live shows, team members, and live event finances with Green Room. Green Room is your business manager, scheduling assistant, and basic accountant, all from the convenience of your phone.
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Heraeus
VC Fund · Hanau, Hessen, Germany · 2 investments in Finland Sustainability startups

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

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Investment focus

  • Industry: Manufacturing, Biotechnology, Therapeutics
  • Stage:Seed, Corporate Round, Series A
  • Geography: Germany, China, Japan

Investor stats

  • Total investments: 11
  • Round size: Series A $4.4M–$8.5M
  • Lead/follow: 45% lead, 55% follow

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
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Halton Ventures
VC Fund · Helsinki, Southern Finland, Finland · 2 investments in Finland Sustainability startups

Halton Ventures operates as a venture capital firm.

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Investment focus

  • Industry: Smart Building, Energy, GreenTech
  • Geography: Finland

Investor stats

  • Total investments: 3
  • Lead/follow: 33% lead, 67% follow

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.
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UB FIGG
VC Fund · Helsinki, Southern Finland, Finland · 2 investments in Finland Sustainability startups

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.

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Investment focus

  • Industry: Chemical, Forestry, Recycling
  • Stage:Series A
  • Geography: Finland

Investor stats

  • Total investments: 4
  • Round size: Series A $26M–$30M
  • Lead/follow: 100% lead, 0% follow
  • Last fund: Likely still investing — raised $129M in 2023

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 is a producer of bio-based flame retardants for the global construction products industry. Nordtreat's NORFLAM® flame retardants for wood protect over 2000 buildings around the world.
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OMV Petrom
VC Fund · Bucharest, Bucuresti, Romania · 2 investments in Finland Sustainability startups

OMV Petrom SA is an integrated oil and gas company. The exploration & Production segment consists of the exploration, development, & production of crude oil, & natural gas.

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Investment focus

  • Industry: Fuel, Energy, Clean Energy
  • Stage:Series A, Private Equity, Corporate Round
  • Geography: France, Finland, The Netherlands

Investor stats

  • Total investments: 4
  • Round size: Series A $45M–$45M
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • EIT InnoEnergy — InnoEnergy is industrialising clean tech innovation for a net zero economy. We invest in startups and build industrial value chains.
  • Respiră Verde — Respiră Verde engages in the waste fats and used edible oils. Respiră Verde engages in the non-hazardous waste management segment and collection, recovery and final disposal of used (or expired) edible oils and fats.
  • 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.
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Failup Ventures
VC Fund · Helsinki, Southern Finland, Finland · 2 investments in Finland Sustainability startups

Failup Ventures is a Finnish-American venture capital fund based in San Francisco and Helsinki. We invest in early-stage startups with strong, mission driven teams.

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Investment focus

  • Industry: Software, E-Commerce, Power Grid
  • Stage:Seed, Pre-Seed
  • Geography: Finland, United States, Sweden

Investor stats

  • Total investments: 15
  • Round size: Seed $1.4M–$7M; Pre-Seed $649k–$2.5M
  • Lead/follow: 53% lead, 47% follow
  • Last fund: Likely still investing — raised $34M in 2023

Portfolio highlights

  • Nvelop — Nvelop automates source-to-contract procurement. Generate RFPs in minutes, score vendor proposals with AI, and ensure 100% audit compliance. Cut sourcing cycles by 40%.
  • Optivian
  • Studio 555 — Redefining digital interior design with unrivaled technology, UX and visual fidelity
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Turret Oy
VC Fund · Uusimaa, Southern Finland, Finland · 2 investments in Finland Sustainability startups

Turret Oy is an investment vehicle controlled by Paul Ehrnrooth

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Investment focus

  • Industry: Energy, Farming, Seafood
  • Stage:Seed, Series A
  • Geography: Finland

Investor stats

  • Total investments: 10
  • Round size: Seed $2.7M–$8.3M; Series A $33M–$45M
  • Lead/follow: 30% lead, 70% follow

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.
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Vantaan Energia
VC Fund · Vantaa, Southern Finland, Finland · 2 investments in Finland Sustainability startups

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

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Investment focus

  • Industry: Automotive, Electronics, Mobile Apps
  • Stage:Seed, Private Equity
  • Geography: Finland, Sweden

Investor stats

  • Total investments: 4
  • Round size: Seed $2M–$4.4M
  • Lead/follow: 75% lead, 25% follow

Portfolio highlights

  • Myrspoven — Transform your building with Myrspoven's AI-driven solutions. Reduce energy costs, enhance sustainability, and lower emissions with advanced technology.
  • 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 offers the most effective and robust carbonization technology for pre-cast concrete manufacturers.
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Conor Venture Partners
VC Fund · Espoo, Southern Finland, Finland · 1 investments in Finland Sustainability startups

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.

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Investment focus

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

Investor stats

  • Total investments: 42
  • Lead/follow: no public data

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.
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Nordic Investment Bank
VC Fund · Helsinki, Southern Finland, Finland · 1 investments in Finland Sustainability startups

NIB finances projects that improve competitiveness and the environment of the Nordic and Baltic countries. The Bank offers long-term loans and guarantees on competitive market terms to its clients in the private and public sectors. NIB is an international financial institution owned by Denmark, Estonia, Finland, Iceland, Latvia, Lithuania,Norway and Sweden. The Bank has lending operations both in and outside its member countries. NIB acquires the funds for its lending by borrowing on the international capital markets. NIB's bonds enjoy the highest possible credit rating. NIB's vision is a prosperous and sustainable Nordic-Baltic region. NIB works towards that goal by financing projects that improve competitiveness and the environment of their member countries. Through this, NIB is living up to their promise of financing the future. NIB's core values are competence, commitment and cooperation. By providing long-term loans to its customers, NIB makes a lasting impact on the competitiveness and environment of the region. NIB is a reliable source of long-term funding for its customers. All projects are reviewed from the sustainability perspective. Therefore a NIB loan may be regarded as a quality stamp. NIB only finances specific investment projects that fulfil the Bank’s mission.

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Investment focus

  • Industry: Energy, Clean Energy, Electrical Distribution
  • Stage:Debt Financing, Post-IPO Debt
  • Geography: Sweden, Finland, Norway

Investor stats

  • Total investments: 26
  • Lead/follow: no public data

Portfolio highlights

  • Arva — Arva is an electrical distribution company that aims at ensuring 24*7 electricity supply and offers power grid maintenance services.
  • EcoDataCenter — Lead the transition to sustainable IT with the world's most sustainable data center. Swedish pioneers in sustainable data management, utilizing unlimited opportunities with renewable energy.
  • Vilnius Public Transport — Vilnius Public Transport is the transportation of passengers by buses and trolleybuses along specified routes throughout Vilnius and its suburbs.
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Born2Grow
VC Fund · Heilbronn, Baden-Wurttemberg, Germany · 1 investments in Finland Sustainability startups

Born2Grow is a german venture fund focusing on early stage investments. They invest up to 500k€ in innovative business models. They are based in Heilbronn in Baden-Wuerttemberg. Born2Grow focus on investments lies within the MedTech, BioTech, FinTech area as well as some other online industries

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Investment focus

  • Industry: Software, Health Care, Medical
  • Stage:Seed, Series A, Series B
  • Geography: Germany, Finland, United States

Investor stats

  • Total investments: 23
  • Lead/follow: no public data

Portfolio highlights

  • Semorai — The SEMORAI Engineering AI Suite is your App Store for AI agents for reliable support in demanding mechanical engineering. Connect comprehensive engineering knowledge with your company know-how to accelerate your processes through AI to an unprecedented degree.
  • Doinstruct — Doinstruct offers mobile training solution for frontline workers.
  • traplinked — Digitale Fallensysteme - Endlich wissen, was los ist! Mit den traplinked Sensormodulen JERRY und TOM erhalten Sie in Echtzeit ein digitales Abbild Ihrer Kontrollpunkte.
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ITOCHU International
VC Fund · New York, New York, United States · 1 investments in Finland Sustainability startups

The North American flagship company of ITOCHU Corporation, ITOCHU International provides trading services for more than 20,000 items and manages a portfolio of more than 20 subsidiaries and affiliates as well as a diversified range of investments. Headquartered in New York and operating in the US, Canada and Mexico, the company is involved in a wide variety of businesses, with particular strength in the machinery, aerospace and electronics, food, forest products, chemicals, energy and alternative energy sectors.

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Investment focus

  • Industry: Recycling, Manufacturing, Wood Processing
  • Stage:Series A
  • Geography: Finland

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

Portfolio highlights

  • 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.
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Moomin Characters
VC Fund · Helsinki, Southern Finland, Finland · 1 investments in Finland Sustainability startups

Moomin Official Site: discover Moominvalley and the magical characters created by Tove Jansson. Get the latest Moomin news and stories.

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Investment focus

  • Industry: Biotechnology, Environmental Engineering
  • Stage:Seed
  • Geography: Finland

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

Portfolio highlights

  • Origin by Ocean — We rid the oceans of harmful algae and turn it into everyday goods.
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Volvo Cars
VC Fund · Göteborg, Vastra Gotaland, Sweden · 1 investments in Finland Sustainability startups

The first mass-produced Volvo car rolled off the production line in Gothenburg in 1927. Since then, they have delivered a steady stream of cars equipped with world-leading innovations. Today, they are one of the most well-known and respected car brands in the world with sales in about 100 countries.Volvo Car Group (Volvo Cars) is owned byZhejiang Geely Holding (Geely Holding) of China. Volvo Cars formed part of the Swedish Volvo Group until 1999 when Ford Motor Company bought the company. In 2010, Geely Holding acquired Volvo Cars.They produce premium cars with the following body types: Sedans, Estates/Sportswagons, Cross Country vehicles, SUVs, and Convertibles. Their cars are characterized by intuitive, human-focused, functional Scandinavian design and good craftsmanship.Relative to the strength of the brand, Volvo Cars is a small producer with global sales reaching 421,951 cars in 2012. Their largest markets are the United States, Sweden, China, Germany, and the UK. Their corporate and brand strategy is ”Designed Around You” and puts people at the heart of everything they do.As a responsible company, they want to contribute to a more sustainable society. To ensure that they are in harmony with customers and society, they do their part by spearheading the development of sustainable mobility - from plug-in hybrids and all-electric cars to active cooperation in a partnership project on road trains.They are proud to continuously deliver world-first solutions; innovations that put people first, by saving and simplifying their lives. Volvo Cars was owned by AB Volvo until 1999 when it was acquired by the Ford Motor Company as part of its Premier Automotive Group. Geely Holding Group then acquired Volvo Cars from Ford in 2010.

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Investment focus

  • Industry: CleanTech, Electric Vehicle, Automotive
  • Stage:Seed, Post-IPO Debt
  • Geography: Sweden, Finland, United States

Investor stats

  • Total investments: 4
  • Lead/follow: no public data

Portfolio highlights

  • Syre — Syre is a textile impact company with a mission to decarbonize and dewaste the industry through textile-to-textile recycling at hyperscale.
  • Forciot — Forciot is a Finnish technology company that was born in December 2015 out of love for engineering challenges and sports. Group of leading wearable researchers from Tampere University of Technology and consumer electronics experts agreed to put their heart and passion into developing together unique innovation that would start a new era in wearablebusiness.They realized that world is lacking wearable technologies that could be part of products that people use every day, everywhere.Today there starts to be an overload of separate measurement gadgets offered for people to be carried around them to measure performance.Their vision is that in the future they do not need to carry separate performance wearable gadgets with us anymore while for example exercising. Instead, the measurement technology will be integrated directly into those sporting products, such as shoes or gloves, that they all are using when training anyway.They decided to start building this new era of wearables. On their view, most product manufacturer companies will also evidently become IOT-product manufacturers in the future. FORCIOT® with innovative solutions that are connected to internet, is the engineering partner for these companies to build the future IOT-products.For their business to business customers, they offer advanced and accurate REAL-TIME force, power, pressure, balance and weight measurement system that will take wearable world to the next level. They provide their customers the capability to utilize force related data that has not been available before.
  • Polestar — Wir stellen Performance-Elektroautos her. Unser Ziel: eine bessere Zukunft durch Innovationen.
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Scientifica Venture Capital
VC Fund · Roma, Lazio, Italy · 1 investments in Finland Sustainability startups

Scientifica Venture Capital offers private equity and venture capital investment services for Italy based startups and firms.

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Investment focus

  • Industry: Biotechnology, Sustainability, Product Research
  • Stage:Seed, Pre-Seed
  • Geography: Italy, Sweden, Finland

Investor stats

  • Total investments: 12
  • Lead/follow: no public data

Portfolio highlights

  • PlantBit — PlantBit is a producer of sensors and services for smart farming.
  • LOTO Biotech — LOTO Biotech is a biotechnology platform focused on supporting the development of treatments for rare diseases, particularly those caused by dominant negative genetic mutations.
  • LayerLogic AB — Reliable and instantaneous bacteria detection
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Taaleri
VC Fund · Helsinki, Southern Finland, Finland · 1 investments in Finland Sustainability startups

Taaleritehdas Wealth Management is helping all Finns see the advantages of ownership and find their own way to own.

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Investment focus

  • Industry: Financial Services, FinTech, Lending
  • Stage:Seed, Pre-Seed
  • Geography: Finland, Kenya

Investor stats

  • Total investments: 8
  • Lead/follow: no public data

Portfolio highlights

  • Rester — Rester is a Finnish company enabling the recovery of business textiles into a new textile fibre and quality raw material.
  • Betolar — Betolar is a new materials startup specialized in new geopolymer-based carbon-neutral construction materials for the construction industry and circular economy.
  • Woodly Oy — Woodly® is an entirely new type of wood-based packaging material that can be used to substitute traditional fossil-based plastics. Woodly is recyclable can be made into transparent and flexible packaging, and the material mimics the best qualities of traditional plastics.
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KIMPA - Impact Investing
VC Fund · Paris, Ile-de-France, France · 1 investments in Finland Sustainability startups

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.

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Investment focus

  • Industry: Retail, Environmental Engineering, Food and Beverage
  • Stage:Seed, Series A, Series C
  • Geography: France, Sweden, Finland

Investor stats

  • Total investments: 11
  • Lead/follow: no public data

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.
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Ecolab
VC Fund · Beaver Creek, Minnesota, United States · 1 investments in Finland Sustainability startups

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.

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Investment focus

  • Industry: Software, SaaS, Manufacturing
  • Stage:Series A, Series B
  • Geography: United States, Finland, Canada

Investor stats

  • Total investments: 13
  • Lead/follow: no public data

Portfolio highlights

  • GravitHy — We produce low-carbon iron from hydrogen to offer a new value chain and accelerate the decarbonization of the steel industry.
  • Membrion — Remove Problematic Ions to Expand Capacity, Ensure Compliance, and Eliminate Costs with Electro-Ceramic Desalination
  • The Water & Carbon Group — The Water & Carbon Group is a contractor that designs, builds, and operates wastewater treatment and ecological infrastructure solutions.
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VTT Ventures
VC Fund · Espoo, Southern Finland, Finland · 1 investments in Finland Sustainability startups

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?

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Investment focus

  • Industry: Manufacturing, Biotechnology, 3D Technology
  • Stage:Seed, Series A
  • Geography: Finland

Investor stats

  • Total investments: 21
  • Lead/follow: no public data

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.
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KPMG
VC Fund · Amstelveen, Noord-Holland, The Netherlands · 1 investments in Finland Sustainability startups

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

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Investment focus

  • Industry: Software, Information Technology, Enterprise Software
  • Stage:Series A, Series B
  • Geography: United States, Australia, United Kingdom

Investor stats

  • Total investments: 21
  • Lead/follow: no public data

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.
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Climate Investment
VC Fund · London, England, United Kingdom · 1 investments in Finland Sustainability startups, 11 in the past 12 months

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.

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Investment focus

  • Industry: Energy, CleanTech, Manufacturing
  • Stage:Series B, Series A, Series C
  • Geography: United States, Canada, Spain

Investor stats

  • Total investments: 62
  • Lead/follow: no public data

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.
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Fortum
VC Fund · Espoo, Southern Finland, Finland · 1 investments in Finland Sustainability startups

Fortum’s competence in waste-to-energy and strong financial resources, a true Nordic circular economy champion will be formed.

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Investment focus

  • Industry: CleanTech, Clean Energy, Renewable Energy
  • Stage:Series A
  • Geography: Finland

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

Portfolio highlights

  • AW-Energy — AW Energy is a global leader in wave energy technology companies. Learn more about our Wave Energy products.
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Shanghai Pudong Development Bank
VC Fund · Shanghai, Shanghai, China · 1 investments in Finland Sustainability startups

SPDB is aimed to provide financial services for the development of Pudong, building Shanghai into one of the great international financial hubs, and to contribute to the national economic development and social progress

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Investment focus

  • Industry: PaaS, Sales, Energy
  • Stage:Debt Financing, Series B, Series C
  • Geography: China, Finland

Investor stats

  • Total investments: 6
  • Lead/follow: no public data

Portfolio highlights

  • CreditX — CreditX is the advanced, independent provider of integrated financial risk management products.
  • 51WORLD — Beijing 51WORLD Digital Twin Technology Co., Ltd. (51WORLD) is a digital twin platform company. The company is committed to creating a real, complete and enduring Digital Twin World. Based on the original All Element Scene (AES), 51WORLD integrates physical simulation, industrial simulation, artificial intelligence, cloud computing and othertechnologies to establish a digital twin application ecosystem, assist governments and enterprises to carry out the transition to new-era digitalization, and promote digital twin to become a new basic infrastructures.The company brings value to clients through a set of exclusive, self-developed industries solutions. With our All Element Scene, 51Sim-One autonomous driving and simulation platforms, WDP and other solutions, we have helped our clients to achieve data integration from multiple sources, foundation of digital city base, real-world scenario simulation, and much more. Our range of solutions offer clients a flexible and powerful set of tools to tailor application features to their own needs, contributing to secondary development based on digital twins and the building of a Digital Twin ecosystem.51WORLD digital twin technology and platform have been applied in nearly 1,000 government enterprises and more than 100 cities, covering smart cities, parks, automobiles and transportation, water affairs, ports, aviation, energy, real estate and other industries. Among them, representative cases include digital twin applications in national new areas such as Xiongan New Area, Chongqing Liangjiang New Area, Nanjing Jiangbei New Area; Haidian City Brain, Huawei Shenzhen Bantian Headquarters, Chang'e 5 UAV Simulation Training System, Changsha Wuyi Square Station Digital Twin simulation operation platform, etc.
  • China Communications First Highway Engineering Bureau Group — China Communications First Highway Engineering Group is a leading provider of integrated services for large-scale infrastructure, combining consultancy, investment financing, design, construction, management, and operation.
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Finnfund
VC Fund · Helsinki, Southern Finland, Finland · 1 investments in Finland Sustainability startups

Finnfund is a Finnish development finance company that provides long-term risk capital for private projects in developing countries. Apart from co-investing with Finnish companies they can finance ventures that use Finnish technology, cooperate with Finnish partners on a long-term basis or generate major environmental or social benefits.

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Investment focus

  • Industry: Financial Services, FinTech, Energy
  • Stage:Debt Financing, Series B
  • Geography: Kenya, India, South Africa

Investor stats

  • Total investments: 53
  • Lead/follow: no public data

Portfolio highlights

  • Mobisol — We transform lives through solar energy access. Our solar home systems and mini-grids benefit millions of people in Sub-Saharan Africa.
  • TPL Insurance — TPL Insurance is a Pakistan's first direct insurance company that take care of all insurance related matters.
  • Cassava Technologies — Cassava Technologies is an innovative technology company encompassing fiber networks, data centers, renewable energy, cloud & cybersecurity.
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Takeoff Partners
VC Fund · Helsinki, Southern Finland, Finland · 1 investments in Finland Sustainability startups

Takeoff Partners are experienced growth advisors and private investors.

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Investment focus

  • Industry: Software, CRM, Sales
  • Stage:Seed
  • Geography: Finland, United States, United Kingdom

Investor stats

  • Total investments: 6
  • Lead/follow: no public data

Portfolio highlights

  • Humap — Howspace is an AI-powered online platform that brings digital collaboration and social learning to the forefront of your process & development initiatives.
  • Buildie — Buildie is a software company that develops and sells software products for building documentation and quality management.
  • CollectiveCrunch — CollectiveCrunch is an AI leader in the forestry industry. We collect and analyze a wide range of information, including climate, geo and process data, to bring best-in-class forest inventories and accurate carbon storage calculations to our customers. The largest forest owners the Nordics and Baltics are already using using our solution, LindaForest.With Linda Forest, our customers gain actionable insights, leading to improved forest management, informed forest investments and up-to-date carbon storage analytics. Overall, Linda Forest can reduce forest planning costs while increasing accuracy. We are currently focused on the Nordic and Baltic countries but are soon adopting the solution to Northern America, Russia and other forestry markets. Moreover, we are working with insurance companies to apply our expert analytics to new opportunities such as prediction of forest risk.
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Sustainability VC funding in Finland at a glance

Stats across 163 deals from 180 investors.

180
investors
in Finland Sustainability startups
163
deals
in Finland Sustainability startups
$3M
median round
in Finland Sustainability startups
51%
lead investors
lead at least one round
21%
Seed
most common funding stage

Access all 180 VC funds in Finland Sustainability startups.

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