Top 20 Venture Capital Firms in Finland in 2026
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 2026.
Here are the Top 20 VC's in Finland
1. Business Finland Venture Capital
📍 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
2. Lifeline Ventures
📍 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
3. Inventure
📍 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
4. Tesi (Finnish Industry Investment)
📍 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
5. Icebreaker.vc
📍 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
6. OpenOcean
📍 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
7. Maki.vc
📍 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
8. Vendep Capital
📍 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
9. Butterfly Ventures
📍 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
10. Superhero Capital
📍 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
11. Voima Ventures
📍 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
12. Innovestor 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
13. NordicNinja VC
📍 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
14. Finnvera Venture Capital
📍 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
15. Sisu Game Ventures
📍 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
16. Illusian
📍 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
17. Nordic Foodtech VC
📍 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
18. Greencode Ventures
📍 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
19. Gorilla Capital
📍 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
20. Wave Ventures
📍 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.
Among them, Pitchdrive stands out as a European VC firm dedicated to helping early-stage founders turn their vision into growth. By combining smart capital with hands-on support, Pitchdrive empowers startups to scale faster and smarter. Ready to grow your startup? Apply to Pitchdrive and connect with investors who believe in building the next generation of European success stories.