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

Mikko Kumpulainen

Partner

Inka Mero

Managing Partner

Veera Pietikäinen

Analyst

Past deals in GreenTech

Skyfora

Seed Round in 2025
Skyfora is a company focused on enhancing weather observation and forecasting capabilities through innovative technology. It addresses the limitations of traditional weather data by utilizing repurposed GNSS receivers located in telecom base stations, transforming them into advanced 4D weather scanners. This approach generates significantly more weather observation data, improving the accuracy and performance of AI-driven weather forecasts. Additionally, Skyfora develops forecasting software that leverages computer vision and IoT technologies to analyze high-resolution satellite images, particularly for predicting hurricanes. This technology aids disaster management efforts by providing critical insights that can help mitigate the impacts of severe weather events. Through its advancements, Skyfora contributes to global sustainability and enhances the operational efficiency of industries reliant on accurate weather information.

Liquid Sun

Seed Round in 2024
Liquid Sun is a new breed of green tech that converts CO2 into fossil-free fuels. Liquid Sun is at the forefront of transforming fossil fuel-free chemicals and green energy solutions because a fossil fuel-free future is essential and it eliminates the need for fossil fuels to keep our planet breathing.

ÄIO

Series A in 2024
ÄIO focuses on sustainable biotechnological innovation, aiming to replace unsustainable ingredients like palm oil with healthier alternatives. They specialize in harnessing microorganisms to produce beneficial fatty acids through fermentation processes.

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.

Kuva Space

Series A in 2023
Kuva Space is a company focused on enhancing life on Earth through its extensive constellation of nanosatellites equipped with advanced hyperspectral imaging technology. By utilizing its GREEN DATA® platform, Kuva Space addresses critical global challenges such as climate change, disaster response, and food security. The company provides actionable data and insights that support sustainable management of natural resources, enabling clients to optimize agricultural practices, improve land use, and make informed investment and financial decisions. Additionally, its technology allows for the measurement of regional carbon sequestration rates, prevention of large-scale forest fires, and detection of gas leaks, all facilitated by an integrated artificial intelligence platform.

ÄIO

Series A in 2023
ÄIO focuses on sustainable biotechnological innovation, aiming to replace unsustainable ingredients like palm oil with healthier alternatives. They specialize in harnessing microorganisms to produce beneficial fatty acids through fermentation processes.

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.

Cellfion

Seed Round in 2022
Cellfion is a company focused on providing sustainable materials for advanced clean energy storage and conversion technologies. It specializes in the development of forest-based ion-exchange membranes and nanoparticle dispersions, aiming to transform the green energy sector. By manufacturing and commercializing nitrocellulose membranes, Cellfion offers a reliable and adaptable alternative to traditional fossil-based membranes. This innovation not only enhances the efficiency of electrochemical energy storage and conversion devices but also significantly reduces costs, thereby supporting the transition to sustainable energy solutions.

Kuva Space

Funding Round in 2021
Kuva Space is a company focused on enhancing life on Earth through its extensive constellation of nanosatellites equipped with advanced hyperspectral imaging technology. By utilizing its GREEN DATA® platform, Kuva Space addresses critical global challenges such as climate change, disaster response, and food security. The company provides actionable data and insights that support sustainable management of natural resources, enabling clients to optimize agricultural practices, improve land use, and make informed investment and financial decisions. Additionally, its technology allows for the measurement of regional carbon sequestration rates, prevention of large-scale forest fires, and detection of gas leaks, all facilitated by an integrated artificial intelligence platform.

Kuva Space

Seed Round in 2021
Kuva Space is a company focused on enhancing life on Earth through its extensive constellation of nanosatellites equipped with advanced hyperspectral imaging technology. By utilizing its GREEN DATA® platform, Kuva Space addresses critical global challenges such as climate change, disaster response, and food security. The company provides actionable data and insights that support sustainable management of natural resources, enabling clients to optimize agricultural practices, improve land use, and make informed investment and financial decisions. Additionally, its technology allows for the measurement of regional carbon sequestration rates, prevention of large-scale forest fires, and detection of gas leaks, all facilitated by an integrated artificial intelligence platform.

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.
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