Finland is growing as a vibrant startup hub, blending cutting-edge technology with a culture of great innovations. From Helsinki’s thriving tech scene to groundbreaking green energy startups, the country is drawing attention from global investors. Whether you’re launching a pioneering project or scaling up, finding the right VC partner is crucial. To make it easier, we’ve put together an extensive list of venture capital investors, and our experts have handpicked the top 10 VCs in Finland just for you.
Here's a table that summarizes the overall VC data for a quick overview:
| VC Firm | Ticket Size | Stages | Founding Year |
|---|---|---|---|
| Lifeline Ventures | €0.5 million to €1 million | Pre-Seed, Seed | 2009 |
| Inventure | Not specified | Seed, Series A | 2005 |
| Icebreaker.vc | €150,000 to €800,000 | Pre-Seed, Seed | 2016 |
| Butterfly Ventures | €100,000 to €1 million | Seed, Series A | 2012 |
| Maki.vc | €300,000 to €3 million | Pre-Seed, Seed, Series A, Series B+ | 2018 |
| NordicNinja VC | €2 million to €8 million | Seed, Post-Seed, Series A, Series B+ | 2019 |
| Sisu Game Ventures | $50,000 to $1 million | Pre-Seed, Seed, Series A, Series B | 2014 |
| Vendep Capital | €0.1 million to €3.17 million | Early Stage | 2013 |
| Voima Ventures | $0.21 million to $3.17 million | Seed, Series A | 2019 |
| Runa Capital | $1 million to $10 million | Seed and early stages | 2010 |
1. Lifeline Ventures
Lifeline Ventures is an early-stage venture capital firm based in Helsinki. They team up with founders from the very beginning by supporting them in funding, sales, technology, strategy, and operations. With a portfolio of more than 100 companies which includes significant investments in Oura and Aiven, the focus areas for Lifeline Ventures include climate tech, health, hardware, marketplaces, and software. Investment sizes range from €100,000 to €2 million, and the firm participates in angel, seed, and Series A rounds.
- Website: lifelineventures.com
- Founding Year: 2009
- Investment Range: €0.5 million to €1 million
- Stage: Pre-Seed, Seed
- Sector: Healthcare, Games, Web-based, High Technology
- Geography: Finland
- Notable Investments: Norsepower, Tilt Biotherapeutics, Ninchat, Wolt, Hyperion Robotics
2. Inventure
Inventure is an early-stage VC backing ambitious founders tackling big, unsolved challenges. They thrive in uncertain early days, partnering with entrepreneurs as they navigate pivots and build transformative businesses. With a focus on raw ambition, Inventure has supported companies like Wolt and Swappie, helping them grow into industry leaders.
- Website: inventure.vc
- Founding Year: 2005
- Investment Range: Not specified
- Stage: Seed, Series A
- Sector: Deep Tech, Consumer Internet Brands
- Geography: Finland
- Notable Investments: Wolt, Almotive
3. Icebreaker.vc
Icebreaker.vc is an early-stage VC firm supporting ambitious teams in Finland, Estonia, and Sweden. Focused on helping founders start, build, and scale strong tech companies, they invest as early as possible, with initial investments ranging from €150-800k. Backing over 70 companies, Icebreaker partners with founders from industry leaders like Spotify, Wise, and Veriff to drive innovation and growth.
- Website: icebreaker.vc
- Founding Year: 2016
- Investment Range: €150,000 to €800,000
- Stage: Pre-Seed, Seed
- Sector: Software-driven Companies
- Geography: Finland, Estonia, Sweden
- Notable Investments: HoxHunt, Tesseract, MVision, Prompter AI, Volument
4. Butterfly Ventures
Butterfly Ventures is a leading seed-stage VC in the Nordics, focusing on deep tech and hardware innovations with social or environmental impact. Founded in 2012, they are one of the region’s most active early-stage investors, with offices in Helsinki, Oulu, Stockholm, Tallinn, and Copenhagen. Known for their hands-on, cooperative approach, Butterfly partners with founders early, often pre-revenue, and helps drive rapid growth, typically generating revenue within six months of investment.
- Website: butterfly.vc
- Founding Year: 2012
- Investment Range: €100,000 to €1 million
- Stage: Seed, Series A
- Sector: DeepTech, Hardware, Hardware Interfacing Software
- Geography: Finland, USA, Germany, Brazil, Sweden, Norway, Latvia, Denmark
- Notable Investments: Elo, Xerpa
5. Maki.vc
Maki.vc is a pre-seed and seed-stage VC firm backing founders who are changing category norms with deep tech innovations combined with brand-driven strategies. Partnering from inception to Series A, Maki.vc focuses on ambitious entrepreneurs pushing boundaries through scientific advances and unconventional customer insights.
- Website: maki.vc
- Founding Year: 2018
- Investment Range: €300,000 to €3 million
- Stage: Pre-Seed, Seed, Series A, Series B+
- Sector: Deep Tech, Brand-Driven Companies
- Geography: Europe
- Notable Investments: Revela, Happeo
6. NordicNinja VC
Scale Globally is the largest Japanese VC in Europe. They are focused on investing in climate tech, deep tech, and digital society solutions. The firm supports mission-driven entrepreneurs working on critical global challenges such as transportation, healthcare, and digital infrastructure to reduce carbon footprints. Scale Globally partners with ambitious founders building a sustainable future.
- Website: nordicninja.vc
- Founding Year: 2019
- Investment Range: €2 million to €8 million
- Stage: Seed, Post-Seed, Series A, Series B+
- Sector: Robotics, Automation, HealthTech, AI, Mobility
- Geography: Nordic and Baltic regions
- Notable Investments: Bolt, Veriff
7. Sisu Game Ventures
Sisu Game Ventures is an early-stage VC fund dedicated completely to the games industry. Founded in 2014, Sisu invests in teams-not just IPs-providing funding, expertise, and mentorship to help founders build enduring gaming companies. With deep roots in the Nordic gaming scene and a global portfolio, Sisu partners with pre-revenue, pre-product startups, pushing collaboration and innovation. This is what the Sisu Family is all about: resilience, creativity, and dedication to long-term Investment Range: $50,000 to $1 million success in gaming.
- Website: sisu.vc
- Founding Year: 2014
- Stage: Pre-Seed, Seed, Series A, Series B
- Sector: Gamin
- Geography: Global
- Notable Investments: Solsten, ThirdVerse
8. Vendep Capital
Vendep Capital specializes in early-stage B2B SaaS investments across the Nordics and Baltics. Doing first tickets from €0.1–3 million, Vendep Capital teams up with ambitious founders to rocket fuel their growth. By combining unmatched SaaS experience and global networks, they are passionate about helping entrepreneurs grow fast-growing and sustainable businesses.
- Website: vendep.com
- Founding Year: 2013
- Investment Range:$0.1M - $3.17M
- Stage: Early Stage
- Sector: B2B Saas
- Geography: Nordics, Baltics
- Notable Investments: Not specified
9. Voima Ventures
Voima Ventures partners with founders to scale deep tech solutions for people, the planet, and industry. Investing from pre-seed to Series B, they support bold ideas and technologies that need time and courage to grow. Combining science-driven innovation with Nordic entrepreneurial expertise and a global outlook, Voima Ventures accelerates the journey of deep tech ventures to international markets.
- Website: voimaventures.com
- Founding Year:2019
- Investment Range:$0.21M - $3.17M
- Stage: Seed, Series A
- Sector: Deep Tech
- Geography: Nordics, Baltics
- Notable Investments: Not specified
10. Runa Capital
Runa Capital is a global VC firm backing early-stage tech startups in deep tech, enterprise software, and fintech infrastructure. With over $500M under management, it backs founders with funding, operational expertise, and a strong transatlantic network. Their portfolio includes innovators like NGINX and Brainly. With offices in Luxembourg, Palo Alto, London, Paris, and Berlin, Runa helps startups scale across global markets.
- Website: runacap.com
- Founding Year: 2010
- Investment Range: $1 million to $10 million
- Stage: Seed and early stages
- Sector: Cloud computing, machine learning, SaaS, deep tech
- Geography: Global, including Finland
- Notable Investments: Nginx, MariaDB, Zopa, Ecwid, DrChrono
- Submit Pitch/ Contact: Link
FAQ (Frequently Asked Questions)
- Is VC high risk?
Venture capital is a type of investment that can be risky but has the potential for high returns. However, there is no guarantee of success. Investing in startups is always uncertain, and you might lose your money. Even though VC firms try to minimize risks, investing in startups is always uncertain, and you might lose your money.
- What is the best country in Europe to set up a VC fund?
Luxembourg is ideal for setting up a VC fund in Europe due to its investor-friendly regulations, diverse investment vehicles, and a strong financial sector that supports local and foreign investors. The country's tax efficiency and stability further make it a preferred choice.
- Which European cities have the most VC investments?
The top cities for VC investments in Europe are London, Paris, Berlin, Amsterdam, and Stockholm. London leads with $22.67B in 2023, followed by Paris and Berlin. These cities are known for strong startup ecosystems and significant funding opportunities.
- What is the minimum amount for a VC fund?
Venture capital funds usually ask for a minimum investment of $250,000 to $500,000, and sometimes even more. Investing a small amount of money can still cost a lot. These funds are usually only open to wealthy people and big organizations that have a lot of money.
- How do I choose a VC fund?
To choose a VC fund, check how much experience and success the venture capital firm has had before. Look at the companies they’ve invested in before to see if they match what your business does. This can help you figure out if they’re a good match for you.
- Best of luck with your amazing ventures.
Please note that this list is filtered by various metrics, and all the data are collected through various third-party websites, mostly the VC website. Since data such as ticket size or industry may change, you are requested to visit the official website given in the blog for the latest and updated information.