Butterfly Ventures

Founded in 2012, Butterfly Ventures is a seed-stage focused venture capital firm based in Oulu, Finland. It invests primarily in early-stage deep tech and hardware startups across the Nordics.

Matti Kanninen

Co-Founder and Managing Partner

Anti Kodar

Venture Partner

Liina Lehtonen

Principal

Tanya Marvin-Horowitz

Partner

Past deals in LED

Polar Light Technologies

Venture Round in 2025
Polar Light Technologies develops nano- and micro-LED technology and specializes in microLED solutions for compact projectors and displays. The company's nanostructures enable polarized light generation and support applications in secure communications and identification through quantum cryptography, contributing to performance, scalability, and setting new standards for microLED technology.

Cooliblade

Seed Round in 2022
CooliBlade specializes in advanced cooling technology aimed at enhancing the efficiency of high-power electronics. The company develops innovative solutions for thermal management, particularly through its natural convection heat sinks designed for LED luminaires and electro-mechanical devices. Utilizing a liquid-vapor phase-change phenomenon within an integrated thermal channel structure, CooliBlade's products cater to diverse applications, including air conditioner drives, electric vehicle charging stations, base stations, and intelligent grids. By addressing the critical challenge of heat dissipation, CooliBlade enables users to optimize performance across various product segments where excessive heat can hinder functionality.
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