Growth
Top 20 Venture Capital Firms in Finland in 2025
Written by
Lineke Kruisinga
Published on
October 20, 2025
Written by
Published on
Looking to raise funding in Finland? These are the VCs you should know.
Finland has built one of the most vibrant startup ecosystems in the Nordics especially in deep tech, SaaS, gaming, and climate innovation. From public investors to sector-specific funds, these 20 venture capital firms are active, founder-focused, and fueling the country’s next generation of global successes.
Ranked by deal activity, this list highlights the most active VCs investing in Finnish startups in 2025.
📍 Location: Helsinki
Finland’s state-backed innovation agency and the most active investor nationwide. Business Finland funds and co-invests in startups developing technology, sustainability, and global growth potential.
💰 Size: €100K–€5M
📍 Stage: Pre-seed to Growth
🌐 Business Finland
📍 Location: Helsinki
One of Finland’s best-known early-stage funds, run by founders for founders. Sector-agnostic, with notable investments in Aiven, ICEYE, and ZenRobotics.
💰 Size: €500K–€2M
📍 Stage: Pre-seed to Series A
🌐 Lifeline Ventures
📍 Location: Helsinki
A leading Nordic VC with over 80 portfolio companies. Inventure is often the first institutional investor, focusing on SaaS, deep tech, and consumer startups.
💰 Size: €200K–€5M
📍 Stage: Pre-seed to Series B
🌐 Inventure
📍 Location: Helsinki
A state-owned investment company that strengthens Finland’s venture capital landscape and co-invests in local growth companies.
💰 Size: €2M–€15M
📍 Stage: Series A to Growth
🌐 Tesi
📍 Location: Helsinki
Backs founders from the idea stage, providing capital, tools, and community. Sector-agnostic, but especially active in SaaS and B2B software.
💰 Size: €150K–€800K
📍 Stage: Pre-seed to Seed
🌐 Icebreaker.vc
📍 Location: Helsinki
A deep tech VC founded by the creators of MySQL, investing in data-driven software and B2B platforms. Known for leading Series A rounds in Europe.
💰 Size: €2M–€6M
📍 Stage: Series A
🌐 OpenOcean
📍 Location: Helsinki
A bold early-stage fund backing deep tech and distinctive brands globally. Portfolio includes Zevoy, QDI Systems, and Mainframe Industries.
💰 Size: €200K–€2M
📍 Stage: Seed to Series A
🌐 Maki.vc
📍 Location: Espoo
Focused on B2B SaaS and marketplaces, Vendep is one of Finland’s most active seed investors with strong follow-on support for portfolio companies.
💰 Size: €100K–€3M
📍 Stage: Pre-seed to Series A
🌐 Vendep Capital
📍 Location: Oulu
The first Nordic micro-VC focused on hardware and deep tech startups. Backs pre-revenue companies and helps them reach commercialization fast.
💰 Size: €100K–€1M
📍 Stage: Seed
🌐 Butterfly Ventures
📍 Location: Helsinki
A seed-stage investor backing software startups in Finland and the Baltics. Focused on founders with global ambition and strong execution.
💰 Size: Up to €1M
📍 Stage: Early-stage
🌐 Superhero Capital
📍 Location: Helsinki
Invests in science-based startups transforming research into business. Strong network with universities and deep tech institutions.
💰 Size: €150K–€2M
📍 Stage: Pre-seed to Series B
🌐 Voima Ventures
📍 Location: Helsinki
An active early-stage investor with a focus on deep tech, Industry 4.0, and healthtech. Also runs corporate innovation programs and accelerators.
💰 Size: €250K–€2.5M
📍 Stage: Pre-seed to Series A
🌐 Innovestor
📍 Location: Helsinki
A Finnish–Japanese joint venture backed by Panasonic, Honda, and Omron. Focused on scaling Nordic deep tech startups to Asian markets.
💰 Size: €1M–€6M
📍 Stage: Series A–B
🌐 NordicNinja VC
📍 Location: Kuopio
A government-backed VC promoting entrepreneurship outside Helsinki. Focused on regional startups with national or global potential.
💰 Size: €100K–€3M
📍 Stage: Seed to Series A
🌐 Finnvera
📍 Location: Helsinki
A fund created by gaming veterans, investing globally in game studios with creative freedom. Known for early bets on Mainframe and Lightheart.
💰 Size: $100K–$2M
📍 Stage: Early-stage
🌐 Sisu Game Ventures
📍 Location: Helsinki
The family office of Supercell co-founder Ilkka Paananen, investing in mission-driven startups and social impact ventures across Europe.
💰 Size: Undisclosed
📍 Stage: Early-stage
🌐 Illusian
📍 Location: Helsinki
A fund dedicated to food innovation and agri-biotech, investing in sustainable food systems and future food tech.
💰 Size: Undisclosed
📍 Stage: Early-stage
🌐 Nordic Foodtech VC
📍 Location: Helsinki
A sustainability-focused VC investing in green and circular economy startups. Backs early-stage companies tackling climate and resource challenges.
💰 Size: €200K–€2M
📍 Stage: Pre-seed to Series A
🌐 Greencode Ventures
📍 Location: Helsinki
A micro-VC fund supporting pre-seed and seed startups in software and digital services. Known for fast, simple investment decisions.
💰 Size: €50K–€500K
📍 Stage: Pre-seed to Seed
🌐 Gorilla Capital
📍 Location: Helsinki
Nordic student-led VC fund investing in early-stage tech founders. Focuses on pre-seed teams with bold global visions.
💰 Size: €50K–€200K
📍 Stage: Pre-seed
🌐 Wave Ventures
Finland’s VC ecosystem is a powerhouse of early-stage and deep tech investors from public players like Business Finland and Tesi to active private funds like Lifeline Ventures, Inventure, and Maki.vc. Whether you’re launching in SaaS, gaming, or climate innovation, these 20 firms are driving Finland’s startup success in 2025 and beyond.
Also good to read:
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Top 20 VC Firms in Turkey for Startups in 2025
Top 20 VC Firms in Italy for Startups in 2025
Top 20 VC Firms in Belgium for Startups in 2025
Top 20 VC Firms in Spain for Startups in 2025
Top 20 VC Firms in the Netherlands for Startups in 2025
Top Nordic VC Firms For Startups (2025)
Top 20 VC Firms in Germany for Startups in 2025
Top 20 VC Firms in the UK for Startups in 2025
We're always looking for new partners and investment possibilities:
🌱 Pre-seed and seed stage (ticket size €250k-1M)
🏎 Highly product and scale driven
🇪🇺 European focussed
🕸 Industry agnostic
