This list includes the 31 largest Venture Capital Investors from Finland. Available data points within the lists are email addresses, investment focus, country information, corporate venture capital information, and investment focus. The list was last updated on February 18th, 2025.Description
List of 5 large venture capital investors from Finland
Finland has a dynamic venture capital ecosystem driven by strong government support, a highly skilled workforce, and a thriving startup culture. In 2024, the Finnish venture capital market is expected to reach €764 million. In Q3/2024, Europe recorded ten mega-deals exceeding $150 million, with the largest being a $484 million funding round for German defense tech company Helsing. Finnish companies are leaders in innovation, with 50% investing in new products, processes, and services, compared to the EU average of 39%. Additionally, 81% of Finnish firms have adopted modern digital technologies, surpassing the EU average of 70%. Despite global economic uncertainties, Finland’s venture capital sector remains strong, fostering innovation and contributing significantly to economic growth.
| Name | Founded | Investment Phase | Focus | Key Investments | Financial Data |
|---|---|---|---|---|---|
| Lifeline Ventures | 2012 | Pre-Seed, Seed | Multi-sector, supporting founders from the start | Oura Health, ICEYE | Global expertise in scaling businesses |
| Icebreaker.vc | 2017 | Idea Stage to Seed | Supporting teams in Finland, Estonia, and Sweden | Invested in over 118 teams | First fund expected 5x return |
| Maki.vc | 2018 | Pre-Seed, Seed | Deep Tech & brand-driven companies | IQM, Onego Bio | €100M fund, initial investments from €300K – €3M |
| Butterfly Ventures | 2012 | Seed | Deep Tech, Hardware & IoT | Valossa, Surgify | Managing €77M, over 200 funding rounds |
| Nordic Ninja | 2019 | Early to Growth | Tech startups with global potential | Varjo, Einride | Japanese-European VC bridging Nordic and Asian markets |
A portrait of a Finnish VC: Lifeline Ventures
Lifeline Ventures, founded in 2012, is one of Finland’s leading early-stage investors, with over 150 investments. The fund focuses on pre-seed and seed financing in health tech, gaming, deep tech, SaaS, and digital platforms. Successful investments include Oura Health (valuation over $2.5 billion), Supercell (exit for $1.5 billion, later acquired by Tencent for $8.6 billion), and Wolt (acquired by DoorDash for $7 billion). In deep tech, Lifeline Ventures has backed ICEYE (microsatellite technology) and Aiven (open-source databases, valuation over $3 billion). The fund manages several hundred million euros, with typical initial investments ranging from €200,000 to €2 million, often followed by later-stage funding. Lifeline Ventures is one of the most successful European VCs, achieving outstanding returns with multiple unicorns in its portfolio. Through strategic support and a strong network, it plays a key role in the European startup ecosystem.
Columns included in our list
Through our list, you can get an overview of the largest finnish Venture Capital Investors. In detail, the list offers the most important data points to get in touch with the VCs:
- Name of the VC fund
- Country of origin
- URL
- E-mail (general)
- Investment focus (if data available)
- Corporate VC (yes/no)
Picture source: SaiKrishna Saketh Yellapragada
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