Venture Capital in Finland
Every venture capital record the directory holds in Finland.
Showing 6 of 6 Venture Capital · Finland
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Venture Capital · Finland results
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Icebreaker.vc
Icebreaker.vc was founded in 2017 in Helsinki by Aleksi Partanen, Lasse Lehtinen, Riku Sepälä, and Teddie Wardi to address the pre-seed funding gap in Finland, Estonia, and Sweden. The firm targets idea-stage companies with tickets of €150,000–€1.5 million, with Fund III targeting €30 million. Portfolio standouts include Hoxhunt (raised $40M Series B), Aibidia ($28M Series B), and ReOrbit (€45M Series A). Icebreaker is known for its diversity focus, backing 3.5× more immigrant founders than the Finnish VC average.
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Inventure
Inventure was founded in 2005 in Helsinki by Timo Tirkkonen, with Tuomas Kosonen (ex-Nokia, ex-Rovio CFO) joining shortly after; the firm manages approximately €377 million in assets under management across four funds, with Fund IV closing at €144 million. The firm backs Seed and Series A companies across the Nordics and Baltics with tickets of €300,000–€5 million, focusing on deep tech, B2B SaaS, consumer internet, health tech, and AI. Its portfolio includes Wolt, Swappie, and Stravito. Inventure is one of the most established and prolific seed-stage investors in the Nordic ecosystem.
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Lifeline Ventures
Lifeline Ventures was founded in 2009 in Helsinki by Petteri Koponen and Timo Ahopelto and has grown into Finland's largest VC focused on unlisted growth companies, raising its €400 million Fund VI in 2025. The firm invests at the angel and seed stage with tickets of €100,000–€2 million, backing sector-agnostic founders from day one across Europe. Lifeline has seeded most of Finland's best-known unicorns, including Supercell (acquired by Tencent for $8.6B), Wolt (acquired by DoorDash for $8.1B), Oura, ICEYE, and Aiven. With over 115 portfolio companies and more than a dozen exits, it is the benchmark early-stage firm in the Finnish ecosystem.
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Maki.vc
Maki.vc was founded in 2018 in Helsinki by serial entrepreneur and Slush Chairman Ilkka Kivimäki and former F-Secure executive Pirkka Palomäki, and now manages €260 million across three funds. Its November 2024 Fund III of €100 million targets pre-seed and seed-stage companies across the Nordics and Northern Europe, with tickets of €300,000–€3 million, focusing on deep tech, AI-native, quantum computing, green tech, and brand-driven consumer startups. The fund is backed by LPs including founders of Skype, Wise, RELEX Solutions, Aiven, and Supercell. Portfolio includes IQM Quantum Computers (unicorn 2025) and Enfuce.
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NGP Capital
NGP Capital is a global venture capital firm that originated from Nokia's venture investment program and now operates independently, investing in technology startups across Europe, the United States, and Asia. The firm focuses on software, deep tech, and digital infrastructure investments and has maintained a strong presence in the Nordic startup ecosystem since its founding. NGP Capital has offices in Helsinki, Menlo Park, and Beijing, making it one of the Nordic region's most internationally active VC funds.
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Voima Ventures
Voima Ventures was founded in 2019 in Helsinki by Inka Mero, a serial entrepreneur and investor, and specialises exclusively in science-based deep tech spin-outs from universities and research institutions across the Nordics and Baltics. The firm raised its third fund of €90 million in 2023, bringing total assets above €100 million, and invests €200,000–€3 million at the earliest stages in biotech, quantum, AI, energy, climate, and life sciences. Over 70% of its 51 portfolio companies originate directly from academic labs, including Solar Foods. Voima is one of the few female-founded and female-led VC funds in the Nordics.
