Voima Ventures

Voima Ventures is a venture capital firm based in Finland, founded in 2019. It invests in early-stage deep-tech startups across the Nordics and Baltics, spanning bio and new materials, medical technologies and life sciences, imaging and optics, IoT and electronics, robotics, software and ICT, and AI. It provides seed to Series A/B funding and partners with portfolio companies to accelerate growth, supporting science-driven ventures that address global challenges. Cornerstone investors include VTT Technical Research Centre of Finland and the European Investment Fund, with backing from Finnish private and institutional investors.

Niko Elers

Investor

Jenny Engerfelt

Investor

Inka Mero

Managing Partner

Veera Pietikäinen

Analyst

Jussi Sainiemi

Partner

Pontus Stråhlman

Partner

Stina Wallmark

Life Sciences Investment Director

Kalle Öhman

Venture Partner

Past deals in Finland

StemSight

Seed Round in 2025
StemSight is a Finnish biotechnology company developing innovative cell therapies for treating blindness. Its proprietary platform uses induced pluripotent stem cells (iPSCs) and biomaterials, initially targeting rare diseases like limbal stem cell deficiency, with plans to expand to major corneal blindness conditions.

Betolar

Post in 2024
Betolar Ltd., established in 2013 and headquartered in Kannonkoski, Finland, specializes in transforming industrial waste streams from energy, mining, and forestry sectors into geopolymer concrete. The company offers a range of products including concrete mixes, soil stabilization materials, and serves clients across construction industries such as ground engineering, mining, landscaping, and building materials. Betolar's core mission is to facilitate the green transition in various industries by providing sustainable, low-carbon alternatives to traditional cement-based concrete.

Origin by Ocean

Seed Round in 2023
Founded in Finland in 2019, Origin by Ocean is a biorefining company that transforms invasive algae and farmed seaweed into valuable bio-based chemicals. Their patented process enables the production of sustainable ingredients for various industries such as food & beverage, cosmetics, and textiles. By harnessing marine biomass, they help reduce excess nutrients in oceans while creating livelihood opportunities for coastal entrepreneurs.

SemiQon

Pre Seed Round in 2023
SemiQon is a Finnish startup spun out from VTT Technical Research Centre. It specializes in developing silicon-based quantum processors using novel semiconductor qubit technology, aiming to advance the scalability and sustainability of quantum computing.

ElFys

Venture Round in 2022
ElFys Inc. is a Finnish company founded in 2017, specializing in the manufacture of advanced photodetectors and photodiode technologies. Headquartered in Espoo, Finland, the company emerged to commercialize innovative technologies developed by university researchers, which are protected by patent families. ElFys operates from the Micronova Nanofabrication Center, which offers state-of-the-art CMOS-compatible facilities for research and semi-mass production. The company leverages extensive expertise in silicon photovoltaics and applies related innovations to its photodiode products. Key aspects of its manufacturing process include surface passivation and defect engineering, which are crucial for enhancing the performance and response of their photodiodes. Their products find applications in various fields, including X-ray imaging, spectroscopy, and light sensing.

Adamant Health

Seed Round in 2022
Adamant Health develops devices that measure and analyze motion and electromyography data to improve Parkinson's disease management. Its clinically validated tools provide detailed symptom insights, enabling healthcare professionals to optimize treatment plans for enhanced patient outcomes.

ElFys

Seed Round in 2021
ElFys Inc. is a Finnish company founded in 2017, specializing in the manufacture of advanced photodetectors and photodiode technologies. Headquartered in Espoo, Finland, the company emerged to commercialize innovative technologies developed by university researchers, which are protected by patent families. ElFys operates from the Micronova Nanofabrication Center, which offers state-of-the-art CMOS-compatible facilities for research and semi-mass production. The company leverages extensive expertise in silicon photovoltaics and applies related innovations to its photodiode products. Key aspects of its manufacturing process include surface passivation and defect engineering, which are crucial for enhancing the performance and response of their photodiodes. Their products find applications in various fields, including X-ray imaging, spectroscopy, and light sensing.

StemSight

Seed Round in 2021
StemSight is a Finnish biotechnology company developing innovative cell therapies for treating blindness. Its proprietary platform uses induced pluripotent stem cells (iPSCs) and biomaterials, initially targeting rare diseases like limbal stem cell deficiency, with plans to expand to major corneal blindness conditions.

Adamant Health

Pre Seed Round in 2020
Adamant Health develops devices that measure and analyze motion and electromyography data to improve Parkinson's disease management. Its clinically validated tools provide detailed symptom insights, enabling healthcare professionals to optimize treatment plans for enhanced patient outcomes.

Betolar

Venture Round in 2020
Betolar Ltd., established in 2013 and headquartered in Kannonkoski, Finland, specializes in transforming industrial waste streams from energy, mining, and forestry sectors into geopolymer concrete. The company offers a range of products including concrete mixes, soil stabilization materials, and serves clients across construction industries such as ground engineering, mining, landscaping, and building materials. Betolar's core mission is to facilitate the green transition in various industries by providing sustainable, low-carbon alternatives to traditional cement-based concrete.

Sofi Filtration

Venture Round in 2020
Founded in Finland in 2011, Sofi Filtration designs and manufactures advanced water cleaning solutions for diverse industries such as mining, metallurgy, oil & gas, and power generation. Its products include solids-free water provision for reverse osmosis, flue gas waste water treatment, cooling water treatment, and process water recycling.

Monidor Oy

Venture Round in 2020
Monidor Oy is a Finnish company established in 2015 and based in Oulu. It specializes in the development of innovative electronic devices, with a focus on healthcare technology. The company's flagship product, Monidrop, is an automated infusion monitor designed for intravenous infusion therapy, enhancing the safety and efficiency of medical treatments. Through its advancements in medical technology, Monidor aims to improve patient outcomes and streamline healthcare processes.

Iiwari Tracking Solutions

Seed Round in 2020
Iiwari Tracking Solutions Oy, established in 2018 and located in Vuokatti, Finland, specializes in designing and developing indoor positioning and tracking solutions. The company offers advanced tools and software tailored for various industries, leveraging technology to enhance location accuracy and operational efficiency. Iiwari Tracking Solutions has acquired key licenses from VTT, enabling it to operate on a global scale. It maintains a presence in the Nordic region and the United States through a network of integrators, allowing it to effectively deliver its innovative services across these markets.

Geyser Batteries

Seed Round in 2019
Founded in 2018 and headquartered in Vaasa, Finland, Geyser Batteries specializes in the development and manufacture of novel high-power ultra-durable batteries. These batteries are designed to withstand millions of cycles of ultra-fast charging and discharging, making them ideal for applications where speed and efficiency are critical. They are also environmentally safe, fire-resistant, and functional even at extreme temperatures.

ElFys

Seed Round in 2019
ElFys Inc. is a Finnish company founded in 2017, specializing in the manufacture of advanced photodetectors and photodiode technologies. Headquartered in Espoo, Finland, the company emerged to commercialize innovative technologies developed by university researchers, which are protected by patent families. ElFys operates from the Micronova Nanofabrication Center, which offers state-of-the-art CMOS-compatible facilities for research and semi-mass production. The company leverages extensive expertise in silicon photovoltaics and applies related innovations to its photodiode products. Key aspects of its manufacturing process include surface passivation and defect engineering, which are crucial for enhancing the performance and response of their photodiodes. Their products find applications in various fields, including X-ray imaging, spectroscopy, and light sensing.
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at support@teaserclub.com. Your feedback is most welcome.