Finland has rapidly emerged as a dynamic hub for venture capital activity, nurturing a thriving startup ecosystem that is now recognized globally. The country's innovative spirit, bolstered by a strong emphasis on technology and sustainability, has attracted a diverse array of venture capital firms dedicated to fostering the next generation of Finnish success stories. This article highlights some of the most active venture capital firms in Finland, showcasing their leadership, notable investments, and the impact they've had on the startup landscape.

Butterfly Ventures

• 🏦 HQ: Hietalahti, Helsinki, Finland

• 👨‍💻👩‍💻 Leadership: Matti Kanninen, Juho Risku

• 🔢 Number of Investments: 50-100

• 💸 AUM: €77 million

• 💰️ Number of Exits: 1-10

• 👜 Notable Portfolio companies: Spindrive, Geyser Batteries, Naava

Conor Venture Partners

• 🏦 HQ: Otaniemi, Helsinki, Finland

• 👨‍💻👩‍💻 Leadership: Jari Mieskonen, Manu Mäkelä

• 🔢 Number of Investments: 10-50

• 💰️ Number of Exits: 10-50

• 👜 Notable Portfolio companies: BehavioSec, Neo4j, Supponor

First Fellow Partners

• 🏦 HQ: Kaartinkaupunki, Helsinki, Finland

• 👨‍💻👩‍💻 Leadership: Kim Groop

• 🔢 Number of Investments: 10-50

• 💰️ Number of Exits: 1-10

• 👜 Notable Portfolio companies: AlphaSense, Kilo.Health, Wolt

Gorilla Capital

• 🏦 HQ: Etu-Töölö, Helsinki, Finland

• 👨‍💻👩‍💻 Leadership: Risto Rautakorpi, Petri Lehmuskoski

• 🔢 Number of Investments: 100-150

• 💰️ Number of Exits: 10-50

• 👜 Notable Portfolio companies: Jungle AI, Rive, Videoly

Icebreaker VC

• 🏦 HQ: Hietalahti, Helsinki, Finland

• 👨‍💻👩‍💻 Leadership: Riku Seppälä

• 🔢 Number of Investments: 100-150

• 💵 Average Investment Ticket: Up to €1.5 million

• 💰️ Number of Exits: 1-10

• 👜 Notable Portfolio companies: Klaus, HoxHunt, eBrands

Innovestor

• 🏦 HQ: Kamppi, Helsinki, Finland

• 👨‍💻👩‍💻 Leadership: Wilhelm Lindholm

• 🔢 Number of Investments: 100-150

• 💸 AUM: €250 million

• 💰️ Number of Exits: 10-50

• 👜 Notable Portfolio companies: Surgify, fiksuruoka.fi, Sensmet

Inventure

• 🏦 HQ: Kamppi, Helsinki, Finland

• 👨‍💻👩‍💻 Leadership: Linus Dahg

• 🔢 Number of Investments: 150-200

• 💵Average Investment Ticket: €300,000-€5 million

• 💰️ Number of Exits: 10-50

• 👜 Notable Portfolio companies: Wolt, Swappie, Stravito

Lifeline Ventures

• 🏦 HQ: Punavuori, Helsinki, Finland

• 👨‍💻👩‍💻 Leadership: Juha Lindfors

• 🔢 Number of Investments: 150-200

• 💰️ Number of Exits: 10-50

• 👜 Notable Portfolio companies: OriginOcean, Supercell, Wolt

Maki.vc

• 🏦 HQ: Hietalahti, Helsinki, Finland

• 👨‍💻👩‍💻 Leadership: Ilkka Kivimäki, Pirkka Palomäki

• 🔢 Number of Investments: 50-100

• 💰️ Number of Exits: 1-10

• 👜 Notable Portfolio companies: AISTI, Strise.AI, OnegoBio

NordicNinja VC

• 🏦 HQ: Kluuvi, Helsinki, Finland

• 👨‍💻👩‍💻 Leadership: Marek Kiisa, Tomosaku Sohara, Shinichi Nikkuni, Rainer Sternfeld

• 🔢 Number of Investments: 10-50

• 💵 Average Investment Ticket: €2 million-€8 million

• 🎯 Target Stages: Series A-B

• 💰️ Number of Exits: 1-10

• 👜 Notable Portfolio companies: Einride, MaaS Global, Bolt

OpenOcean

• 🏦 HQ: Kluuvi, Helsinki, Finland

• 👨‍💻👩‍💻 Leadership: Ralf Wahlsten, Patrik Backman, Tom Henriksson

• 🔢 Number of Investments: 50-100

• 💰️ Number of Exits: 10-50

• 👜 Notable Portfolio companies: Truecaller, Supermetrics, Booksy

Superhero Capital

• 🏦 HQ: Kamppi, Helsinki, Finland

• 👨‍💻👩‍💻 Leadership: Juha Ruohonen, Jakob Storå

• 🔢 Number of Investments: 50-100

• 💵Average Investment Ticket: €50,000-€1 million

• 💰️ Number of Exits: 10-50

• 👜 Notable Portfolio companies: VideoBot, Cactos, Leadfeeder

Tesi

• 🏦 HQ: Länsisatama, Helsinki, Finland

• 👨‍💻👩‍💻 Leadership: Pia Santavirta

• 🔢 Number of Investments: 150-200

• 💸AUM: €2.5 billion

• 💰️ Number of Exits: 10-50

• 👜 Notable Portfolio companies: Swappie, Bob W

Vendep Capital

• 🏦 HQ: Otaniemi, Helsinki, Finland

• 👨‍💻👩‍💻 Leadership: Sakari Pihlava, Jupe Arala, Sami Ahvenniemi

• 🔢 Number of Investments: 10-50

• 💰️ Number of Exits: 1-10

• 👜 Notable Portfolio companies: Happeo, Brella, Videoly

Voima Ventures

• 🏦 HQ: Lapinlahdenkatu, Helsinki, Finland

• 👨‍💻👩‍💻 Leadership: Inka Mero

• 🔢 Number of Investments: 50-100

• 💰️ Number of Exits: 1-10

• 👜 Notable Portfolio companies: Enifer, thtRobotics,

The venture capital landscape in Finland is vibrant, with firms like Butterfly Ventures, Conor Venture Partners, and Inventure leading the charge in supporting groundbreaking innovations across various sectors. These firms, among others mentioned, play a pivotal role in shaping Finland's entrepreneurial ecosystem by providing not just capital but also strategic guidance and industry connections. As these VCs continue to back visionary startups, they are cementing Finland's reputation as a global leader in technology and innovation.