Founded in 2015, Superhero Capital is a venture capital firm based in Helsinki, Finland. It specializes in seed-stage investments, focusing on B2B software and services across various sectors including health tech, fintech, IoT, SaaS, and others. The firm primarily invests in startups from Finland and the Baltics, with typical investment sizes ranging between €100K to €500K.

Lifeline Ventures is a Helsinki-based venture capital firm that concentrates on early-stage investments in health, games, web and technology sectors. Founded in 2009 by serial entrepreneurs, the firm partners with founders from the earliest days and primarily targets opportunities in Finland, while pursuing select investments abroad. It supports inception-to-Series A rounds and typically commits between €0.15 million and €2 million per deal.

Tesi, established in 1995, is a Finnish government agency that promotes business growth and employment through strategic investments. It manages a portfolio exceeding €570 million, investing directly in companies and through venture capital funds. Tesi's focus is on stimulating growth, internationalisation, spin-offs, major industrial investments, and restructurings across various sectors.

Established in 2020, the European Innovation Council supports innovative startups and researchers with promising ideas, focusing on early-stage companies with positive environmental, social, or governance impacts. It co-invests alongside private investors.

Innovestor is a Nordic venture capital investor based in Helsinki, Finland. It provides funding and strategic support to growth companies and offers investors access to carefully selected opportunities. The firm focuses on technology, life sciences, health, and related sectors such as cleantech, industrial technologies, consumer, and enterprise software, leveraging a team of experienced professionals and industry experts. The company is supervised by the Finnish Financial Supervisory Authority.

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.

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.

Maki.vc is a venture capital firm established in 2018 and located in Helsinki, Finland. The firm focuses on investing in early-stage companies, spanning from their inception to Series A and beyond. Maki.vc targets a diverse range of sectors, including deep tech, consumer products and services, healthcare technology, artificial intelligence, and machine learning. While the firm is rooted in the Nordics, it actively seeks opportunities on a global scale, particularly in countries such as Sweden, Norway, Germany, France, the United Kingdom, and the United States. Maki.vc partners with companies that challenge conventional norms, emphasizing strong intellectual property and a deep understanding of customer needs. The firm aligns itself with visionary founders who are committed to innovation and disruption in their respective industries.

Midinvest Management is a Finnish investment firm focused on growth capital and ownership arrangements for small and medium-sized enterprises in Finland. Based in Jyväskylä, it targets growth-oriented companies in Central Finland and seeks to structure investments using various instruments, including equity, loans, or instruments with equity features. The firm often takes board seats and supports both majority and minority ownership positions, aiming to help SMEs expand and develop. It emphasizes long-term value creation with an exit horizon of typically three to seven years, through trade sales or exits to other private equity investors. Founded in the mid-1990s, Midinvest Management has a track record of backing Finnish growth companies, partnering with management teams to implement strategic growth initiatives. The firm concentrates on the Finnish market and focuses on small to mid-sized companies seeking growth capital and structured ownership arrangements.

Lifeline Ventures Oy is a venture capital firm specializing in angel, seed, startups, Series A, growth capital, and early stage investments. The firm seeks to invest in technology, financial technology, healthcare, games, online, web based, Internet, biotechnology, life sciences tools and services and general high technology sectors. It seeks to invest in Finland with a few investments made outside Finland as well. The firm targets investing between €0.5 million ($0.66 million) and €1 million ($1.32 million). Lifeline Ventures Oy was founded in November 2009 and is based in Helsinki, Finland.

Vendep Capital is a Finland-based early-stage venture capital firm that concentrates on pre-series A technology companies across Europe. It specializes in B2B software-as-a-service and B2B marketplaces, with a regional focus on the Nordics and Baltics. The firm supports founders with its SaaS expertise and global networks to accelerate growth, and its initial investments typically range from 0.1 to 3 million euros depending on the company’s stage.

VTT Ventures is a venture capital arm of VTT Technical Research Centre of Finland. It focuses on investing in early-stage companies with high-growth potential, utilizing technology developed by VTT. The firm invests primarily from its balance sheet and seeks minority stakes up to 25%. It prefers industry-agnostic investments in Finland, with transaction sizes ranging from EUR 0.11 million to EUR 0.6 million.

Inventure is a Helsinki, Finland-based venture capital firm established in 2005 that focuses on early-stage technology startups in the Nordics and Baltics. It backs seed and Series A rounds, with initial investments typically starting around €100,000 and potentially rising to €10 million over a company’s life cycle. The firm concentrates on software, technology, and next-generation digital services across deep tech and consumer internet sectors. Its portfolio includes several notable companies such as Wolt, Detectify, Blueprint Genetics, Swappie, and Insurello.

Sisu Game Ventures is an early-stage venture capital firm focused on gaming, founded in 2014 and based in Helsinki, Finland. It concentrates on investing in Nordic gaming startups while maintaining a global founder network. The team draws on extensive experience in the game industry and startups, having founded and built numerous game companies since the 1990s and delivered several exits. Beyond funding, the firm leverages its expertise as a studio builder to help founders shape their teams, refine product strategy, and assemble the right investor syndicate for growth.

Icebreaker.vc is a venture capital firm headquartered in Helsinki, Finland. The firm focuses on early‑stage investments in the software sector within Finland, typically committing between 40,000 and 350,000 euros to each portfolio company. It operates as a dedicated fund manager, providing capital and strategic support to emerging technology businesses in the region.

Founded in 2005, Conor Venture Partners is a Finnish venture capital firm specializing in early-stage investments in technology companies across Nordic and Baltic countries. The firm focuses on areas such as information and communications technology, embedded software, semiconductor technology, electronics, new materials, and optics.

Established in 1967, Sitra is a Finnish venture capital firm focused on investing in innovative companies based in Finland. It concentrates on sectors promoting health & well-being, social solutions, material efficiency, sustainable resource use, and ecological living.

Nordic Option Oy is a venture capital firm based in Oulu, Finland, established in 1994. The firm specializes in investing in small and medium-sized growth technology companies located in the Northern regions of Finland, specifically Oulu, Lappi, and Kokkola. Nordic Option focuses on both early-stage and later-stage investments, aiming to provide capital ranging from €0.5 million to €3.84 million to companies with a minimum sales value of €1 million. The firm does not engage in property sector investments and has a portfolio with an investment value of approximately €10 million, along with around €1 million in loans granted. Nordic Option's investment strategy allows for up to five early-stage growth investments, supporting the development of established companies in its target regions.

VisionPlus is a Finnish venture capital firm established in 2011, located in Helsinki. The firm focuses on investing in digital products, including applications, games, and services across various digital platforms. Its investment portfolio encompasses software-as-a-service, mobile applications, and internet services, as well as special content intellectual property deals. The management team at VisionPlus possesses extensive experience in technology, entrepreneurship, and seed investments, having successfully developed and managed large-scale business and development organizations in a global context.

Founded in 1994, Aboa Venture Management is a venture capital firm headquartered in Turku, Finland. It focuses on investing in small and medium-sized enterprises across various sectors including B2B, commercial products/services, healthcare, software-as-a-service (SaaS), manufacturing, life sciences, edtech, and industrials.

Founded in 1999, Nexit Ventures is a venture capital firm specializing in investments in early to mid-stage high-tech companies. It focuses on technology & digital disruption sectors globally, with a primary focus on Nordic and U.S. west coast companies.

Icebreaker is an early-stage venture capital fund based in Helsinki, Finland, specializing in investments within the software sector. The fund focuses on financing unique software-driven companies at the idea, angel, and seed stages, typically investing between EUR 40,000 and EUR 350,000. As part of its operations, Icebreaker manages a community that connects hundreds of members, providing access to a network of potential team members, clients, and advisors. The fund's goal is to support the growth of innovative tech companies in Finland.

Founded in 2016, Wave Ventures is a venture capital firm specializing in pre-seed investments across the Nordics and Baltic regions. Based primarily in Finland with an additional office in Sweden, it focuses on supporting Gen Z entrepreneurs at the earliest stage.

VNT Management, established in 2002, is a Finnish venture capital firm specializing in clean technology investments. Based in Tampere, it offers investors access to three dedicated funds focusing on clean energy and related sectors across Europe. The company provides entrepreneurs with services such as supply management, business development, and technology evaluation. VNT Management has consistently delivered strong returns, with an internal rate of return (IRR) of 25% and a top-quartile position among European venture capital funds.

Evli Growth Partners is a European venture capital firm focusing on late-stage and growth capital investments in European companies. Based in Helsinki, Finland and founded in 2018, it targets growth-oriented businesses with annual turnover above five million euros and typically invests between three and five million euros, often taking a minority stake. The team comprises five serial entrepreneurs with hands-on experience in building and scaling market leaders and brings extensive experience from more than 150 companies as founders, executives, or investors, with exits valued in the billions of euros.

Founded in 2012, Promus Ventures is a Chicago-based venture capital firm with additional offices in San Francisco and Luxembourg. The firm specializes in early-stage investments, focusing on deep-tech software and hardware companies led by visionary founding teams. It typically invests between $0.5 million to $1 million globally, with a primary focus on the United States, UK, Germany, Finland, and New Zealand.

Gorilla Capital Management Oy is an investment firm focused on early-stage technology companies in the Nordic region, specifically targeting businesses in Finland, Sweden, Denmark, and Estonia. The firm seeks to identify and support innovative startups with the potential for significant growth in the technology sector. By providing capital and strategic guidance, Gorilla Capital aims to foster the development of promising enterprises that can contribute to the dynamic landscape of the Nordic technology market.

Rite Ventures is a Swedish venture capital firm focusing on early to mid-stage companies within the IT services, software as a service, and e-commerce sectors in Sweden and Finland. It invests between €1 million to €20 million, typically €2 million to €5 million, in companies with turnover between €3 million to €20 million. Rite Ventures seeks active involvement in portfolio companies to drive growth and expansion.

Northzone is a venture capital firm founded in 1996 and based in London, with offices in New York, Oslo, and Stockholm. It invests in technology-enabled companies across healthcare, software, hardware, artificial intelligence, semiconductors, blockchain, and gaming, spanning early-stage and multi-stage opportunities. The firm emphasizes connections by helping portfolio companies access customers, partners, and talent on an international scale. Northzone has backed notable founders of Spotify, Avito, iZettle, Klarna, and Hopin, reflecting a history of building category-defining businesses. The firm maintains a Nordic and European footprint while operating globally, and has raised substantial capital, including over €1.5 billion in funds.

Enersense is a global company specializing in resource management, offering comprehensive services including operation and maintenance, energy metering, project execution, compliance assistance, offshore services, engineering recruitment, and emission-free energy solutions. They cater to diverse industries such as wind power, electrically powered transport, telecommunications, construction, and more.

Panostaja is a Finnish investment company that actively partners with and develops small and medium-sized enterprises (SMEs). It focuses on identifying growth potential in these companies and facilitating their full development. Established in 1984, Panostaja invests primarily in service and software sectors.

Takeoff Partners is a venture capital firm based in Helsinki, Finland, founded in 2014 by Markko Vaarnas. The firm specializes in providing growth advisory and private investment services, focusing on the internationalization of B2B software and services. Takeoff Partners leverages its extensive experience to offer advisory and coaching services aimed at helping businesses expand. Its portfolio includes companies such as Meetingpackage.com, LATO Tools, Tellybean, Enbrite.ly, Cuckoo Workout, and Havusport. The firm actively seeks investment opportunities in the software as a service and B2B service sectors across the Asia-Pacific, Americas, and European markets.

Stephen Industries, established in 1992, is a Finland-based, family-owned venture capital firm. It focuses on investing in health tech, greentech, and deep tech sectors, aiming to support innovative, environmentally conscious solutions.

Founded in 2018, Brightly Ventures is a Stockholm-based venture capital firm specializing in early-stage investments. It focuses on the Nordic region and sectors such as HealthTech, FinTech, Marketplaces, DeepTech, and MediaTech. The firm invests between SEK 2 million to SEK 50 million, with enterprise values ranging up to SEK 150 million.

Play Ventures is an early-stage venture capital firm founded in 2018 and based in Singapore. The company specializes in investing globally in startups within the gaming and gaming services sectors, focusing on pre-seed, seed, and Series A stages. Play Ventures emphasizes opportunities in free-to-play and web3 gaming, aiming to support innovative companies that shape the future of the gaming industry. Through its strategic investments, Play Ventures seeks to nurture a diverse portfolio of gaming-related ventures.

Founded in Stockholm, Sweden in 2014, NFT Ventures is a venture capital firm specializing in seed and early-stage investments. It focuses on the financial technology sector across Europe, with a particular emphasis on Northern European countries. The firm aims to take equity stakes of around 20-25% and supports entrepreneurs by providing funding, guidance, and increased visibility.

Founded in 2021 and headquartered in Helsinki, Finland, 8 Media Ventures is a venture capital firm that specializes in investing in media-for-equity direct-to-consumer (D2C) companies with proven growth potential.

Omnes Capital S.A.S. is a venture capital and private equity firm specializing in direct and fund of fund investments. Within direct investments, the firm specializes in seed, startup, series A rounds, series B rounds, early venture, development stage, mid venture, late venture, emerging growth, growth capital, expansion, replacement capital, middle market, successions, small and mid-cap buyout, owner and leveraged buyout, mezzanine, PPP infrastructure, special situations, industry consolidation, mature, turnaround, and investing in small and medium enterprises. It is involved in all forms of business buy-ins/buyouts, on the occasion of inheritances, and in the form of spin-offs or delisting. Within fund of fund investments it invests in venture capital funds and secondary fund of funds. The firm prefers to invest in all the sectors including the information technology, life sciences, agri-food, telecommunications, and renewable energy sectors. It also invests in energy equipment and services; materials; construction and engineering; electrical equipment; commercial services and supplies; transportation infrastructure; hotels, restaurants, and leisure; agricultural products; cosmetics; real estate; online services; infrastructure services; electronic equipment and instruments; electronic manufacturing services; and water purification. Within information technology, the firm invests in electronics, materials, components, systems, laboratory and manufacturing equipment, design and test software, mobile, fiber optics, networks and operators, software applications, SaaS, cloud, hardware, development, administration and infrastructure, web-based technology services, media, and new information and communication technology (NICT). In life sciences, the firm invests in drug development, diagnostics, biotechnology, medtech, and medical devices. Under renewable energy, the firm invests in electricity and heat production, onshore wind, solar, hydro, heating networks in Europe with a focus on France, Germany, United Kingdom, Scandinavia, and Italy. It invests in companies based in Central America and Mexico; Caribbean; North America region with a focus on United States. The firm also invests in Turkey, Australia, Japan, New Zealand, Austria, Belgium, Denmark, Finland, France, Germany, Greece, Iceland, Italy, Luxembourg, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, and United Kingdom. The firm makes direct private equity investment in non-listed companies. Within mid-cap buyout and growth capital, the firm seeks to invest ticket size between €8 million ($8.80 million) and €25 million ($27.52 million) in companies with enterprise value between €25 million ($27.52 million) and €180 million ($198.12 million). Within small-cap buyout and growth capital, it invests in French small and medium enterprises with ticket size between €1 million ($1.10 million) and €8 million ($8.80 million) and enterprise value between €8 million ($8.80 million) and €25 million ($27.52 million). Within mezzanine buyout and growth capital, it makes investments in the form of bonds with share warrants (OBSA in French) in high-potential unlisted SMEs with a value of less than €300 million ($329.46 million). It seeks to invest between €1 million ($1.10 million) and €50 million ($55.03 million) in companies having revenues from $6.55 million to $322.7 million and enterprise value between $5.5 million and $1306.83 million. The firm also makes co-investments. When the firm co-invests, it seeks for a target enterprise value between €500 million ($550 million) and €1 billion ($1.10 billion) and investment capacity of €15 million ($16.51 million) per deal. The firm seeks to take minority stakes in its portfolio companies. It prefers to have a board seat on its portfolio companies. The firm seeks to invest for a period between two years and six years. It was formerly known as Credit Agricole Private Equity. Omnes Capital S.A.S. was founded in 2000 and is based in Paris, France with additional offices in Bruxelles, Belgium and Zurich, Switzerland.

Established in 2017, Specialist VC is a venture capital firm headquartered in Tallinn, Estonia. It focuses on investing in early-stage (pre-seed to series A) companies operating within the B2B, SaaS, FinTech, platforms, software-enabled hardware, and deep tech sectors across Estonia, Latvia, Lithuania, Finland, Ukraine, and Belarus.

Helen Ventures is the corporate venture capital arm of Helen, founded in 2019 and headquartered in Helsinki, Finland. It invests from its balance sheet in early and growth‑stage startups across Europe and Israel, with a focus on energy, e-mobility, circular economy, decarbonization, and digital solutions for the energy sector. The firm targets renewable energy technology, smart energy solutions, distributed energy systems, and related digital platforms, seeking to accelerate the adoption of transformative technologies in collaboration with customers and industry experts. By supporting startups that advance sustainable energy and related digital capabilities, Helen Ventures aims to help create new energy era solutions accessible to customers and partners.

Tera Ventures OÜ is a venture capital firm specializing in seed and startup stage investments. The firm focuses to invest in digital space. It seeks to invest in CEE, Estonia, Scandinavia, Finland, Denmark, Latvia, Lithuania, Poland, Sweden, and Czech Republic businesses. It invests between €0.2 million ($0.23 million) and €1.5 million ($1.71 million) per company with significant follow-on funding for select investments. Tera Ventures OÜ was founded in July 28, 2016 and is based in Tallinn, Estonia with additional offices in Burbank, California and Helsinki, Finland.

3TS Capital Partners is a European technology-focused private equity and venture capital firm founded in 1999 and based in Helsinki, with offices in the United States and across Europe. It provides expansion capital and buyout funding for small and mid-sized technology companies, focusing on growth sectors such as technology and internet, media and communications, and technology-enabled services, including software, fintech, cybersecurity, artificial intelligence, e-commerce and digital platforms. The firm seeks to take significant minority or majority stakes and typically assumes a board seat to guide portfolio companies. It invests across Europe, often leveraging sector partners and co-investors to add value beyond capital, and supports international expansion and operational development to accelerate growth of scalable, tech-driven businesses.

Finnish Fund for Industrial Cooperation is a Helsinki-based development-oriented investment firm established in 1980. It pursues direct and fund-of-fund investments in small and mid-sized enterprises in developing countries with Finnish links, aiming to deliver environmental and social impact. The firm focuses on sectors such as renewable energy, sustainable forestry and agriculture, financial institutions, digital infrastructure, manufacturing, health services, and related services, and it supports ventures that use Finnish technology. Typical commitments range from 1 to 10 million euros, with minority positions up to 30 percent and options for mezzanine financing or investment loans. It co-invests with other development finance institutions and can finance microfinance and infrastructure projects. The firm emphasizes projects aligned with Finnish development cooperation, including activity in Russia and various developing countries, and seeks to partner with entities that bring measurable development outcomes.

Karolinska Development AB (publ) is a venture capital firm specializing in investments in growth capital, seed stage, and early stage companies. It seeks to invest in pharmaceutical research and development, medical research, healthcare technology, gene research and development, drug delivery technologies, biotechnology, and life science tools and service sectors. The firm seeks to invest in the Nordic region with a focus on Sweden, Iceland, Norway, Finland, and Denmark. It prefers to be a lead investor in its portfolio companies however does consider co-investments also. It seeks to invest in up to five projects annually. Karolinska Development AB (publ) was founded in 2003 and is headquartered in Stockholm, Sweden.

Vesalius Biocapital Partners S.à r.l. is a venture capital and private equity firm specializing in investments in all stages of development with a focus on incubation, seed, start-up, early stage, mid venture, late venture, mid-stage, later stage, expansion, development capital, replacement, emerging growth, bridge financing, and corporate spin-offs with more mature assets. The firm invests in life sciences and novel food applications. Within life sciences, it invests in healthcare, pharmaceuticals, therapeutics, medtech, biotechnology, and nanotechnology. It invests in companies developing novel drugs, medical devices and diagnostics for unmet medical needs and also targets novel nutrition technologies which have the potential to prevent or cure disease. The firm prefers to invest in Europe with a focus on the Benelux countries including Belgium, Netherlands, and Luxembourg; German-speaking countries; Finland; Denmark; Flanders; France; Sweden; Norway; Iceland; Switzerland; Austria; Scandinavia; and the United Kingdom. It typically invests between €1 million ($1.23 million) and €5 million ($6.15 million) in its portfolio companies, with a maximum of €10 million ($12.31 million) over several rounds of financing. The firm usually takes minority equity stakes in its portfolio companies and also provides shareholder loans. It typically leads or co-leads the investment syndicate and always takes a board seat in its portfolio companies. Vesalius Biocapital Partners S.à r.l. is based in Strassen, Luxembourg.

Vincit offers a wide range of digital solutions and services, including business design, transformation support, customer experience advisory, service design, agile development, web and mobile applications, digital commerce, IoT, embedded systems integrations, SAP enterprise solutions, and cloud transformation. They operate across Finland, Poland, Portugal, Sweden, and the United States.

Established in 2016, Straightforward Capital is a Finnish venture capital firm focused on investing in early growth stage and mid-venture technology companies. It typically takes minority stakes in its investments.

Practica Capital UAB is a venture capital firm that provides early-stage and growth capital to micro, small and medium-sized companies across industries, with a focus on the Baltic region and Northern Europe including Estonia, Latvia, Lithuania, Finland, Sweden, Poland, Germany and Denmark, as well as Baltic-origin ventures in Europe. It participates in seed and startup rounds ranging from about €3,000 to €200,000 and in later rounds from about €50,000 to €3,000,000, preferring minority ownership and board involvement. Investments are made primarily in equity via common or preferred stock, and quasi-equity via convertible debt. The firm aims to act as a strategic adviser and seeks to exit investments within two to five years through trade sales, management buyouts, IPOs or refinancing of quasi-equity instruments. Practica Capital UAB was founded in 2011 and is based in Vilnius, Lithuania.

Innofinance Oy is a venture capital firm based in Finland that specializes in investing in small and medium-sized enterprises. Established in 1997, the company operates from offices in Espoo, Lappeenranta, and Tampere, managing five funds that support approximately 60 growing businesses. Innofinance's investment focus spans various sectors, notably including industrials such as chemicals, electronics, and healthcare, as well as communication and networking, software, energy, and consumer durables. The firm is owned by its key personnel, who bring a combined experience of over 100 years in managing organizations and developing business operations, along with 35 years in venture capital. This expertise underscores their commitment to fostering the growth and expansion of their portfolio companies.

Prime Ventures, established in 1999, is a venture capital firm based in Amsterdam, the Netherlands, with additional offices in the UK. It specializes in growth capital and seed to pre-IPO investments, focusing on Series A and B rounds, with a typical initial investment of €5-15 million. The firm concentrates on technology and related industries, such as software, consumer internet, e-commerce, and digital media, primarily in Europe, particularly the Benelux countries, the UK, and the Nordic region. Prime Ventures aims to be the lead investor, taking a minority stake and board position, and can co-invest. It manages over €700 million in committed capital, leveraging its capital, experience, and network to actively guide portfolio companies towards global leadership.