Venture Capital Firms in Finland

3TS Capital Partners is a prominent European technology-focused venture growth investment adviser. The firm specializes in providing expansion capital and buyout funding to high-growth small and medium-sized enterprises (SMEs) across Europe, with a particular emphasis on the DACH, Central and Eastern European (CEE), and Nordic regions. They actively partner with exceptional founders and management teams, offering not only capital but also strategic support, sector expertise, and access to an extensive international network to facilitate cross-border expansion into markets like North America and Asia. The firm's investment strategy is centered on identifying and nurturing companies that are either becoming local or regional leaders or are innovative global challengers in their respective technology domains.Founded in 1998, 3TS Capital Partners has built a track record spanning over 25 years and multiple fund generations. This extensive experience allows them to navigate various market cycles, lead and co-lead significant funding rounds, and drive value creation from the initial investment through to a successful exit. Their multi-vintage funds reflect a consistent approach to partnering with entrepreneurs to scale products globally, strengthen competitive advantages, and deliver strong returns to stakeholders. The firm's culture emphasizes professionalism, analytical rigor, and a collaborative, hands-on approach to supporting its portfolio companies.3TS Capital Partners focuses its investments across several key sectors, including Technology & Internet, Media & Communications, and Technology-Enabled Services. Within these areas, they target innovative companies involved in software, hardware, mobile, cybersecurity, e-commerce, artificial intelligence, digital media, communications platforms, and technology-driven consumer and business service providers, including those in healthcare. Notable investments from their portfolio include companies like Piano, a global leader in digital experience platforms; Tosibox, a leader in secure Operational Technology (OT) networking; and Wealthon, a fintech firm building a digital financial ecosystem for SMEs. Other significant portfolio companies have included NetRetail Holding, MALL.cz, SmartDreamers, Evrotrust, Mavoco, Jentis, and Boksi.The team at 3TS Capital Partners comprises experienced investors and operators with deep industry expertise. Key team members, such as Managing Partners Pekka Mäki, Mihaly Szalontay, and Daniel Lynch, along with Partners Sever Totia, Zbigniew Lapinski, Andreas Huber, and Attila Konya, bring a wealth of knowledge in scaling technology companies internationally. Their collective experience and commitment to long-term engagement enable them to provide strategic guidance, facilitate mergers and acquisitions, and support global expansion strategies for their portfolio companies, fostering growth and innovation within the European technology sector.

a16z speedrun is an intensive 12-week accelerator program launched by Andreessen Horowitz in 2023, designed to support early-stage founders globally. The program invests up to $1 million in new startups, primarily at the pre-seed and seed stages, with a focus on helping them achieve product-market fit rapidly. It provides direct investment, extensive fundraising support, and connections to a vast network of external investors.The program was established in 2023 by Andreessen Horowitz, a prominent American venture capital firm founded by Marc Andreessen and Ben Horowitz in 2009. Initially, a16z speedrun focused on pre-seed gaming startups, drawing its name from the gaming term "speedrunning" to reflect its emphasis on rapid development. The firm later expanded its scope to encompass a broader range of technology and entertainment startups, including those in AI and creative industries, while maintaining its core ethos of fostering innovation and accelerating growth.Since its inception, a16z speedrun has rapidly scaled, deploying over $180 million to fund more than 150 startups. Notable portfolio companies mentioned include Sekai, Fundamental Research Labs, and k-ID, all of whom have lauded the program's impact on their growth, from securing talent and early design partners to strategic guidance and successful fundraising rounds. The program culminates in a Demo Day, where founders present to a large audience of investors.The a16z speedrun program offers comprehensive coaching and mentorship, including 1:1 sessions with industry leaders and the a16z speedrun team. Key individuals involved include Jon Lai, an integral part of the speedrun team, and Andreessen Horowitz partners like Joshua Lu and Andrew Chen, who provide strategic guidance and mentorship. The program also leverages the broader expertise and network of Andreessen Horowitz, with founders Marc Andreessen and Ben Horowitz participating as speakers and mentors, offering unparalleled access to seasoned operators and a vast ecosystem of resources.

Butterfly Ventures is a leading seed-stage focused venture capital firm in the Nordics, specializing in deep tech, hardware, and hardware-interfacing software. The firm is particularly interested in companies that demonstrate a clear social or environmental impact. They adopt a cooperative approach, working closely with founders from the early stages, often investing when companies have no revenue, and aiming to help them generate revenue within six months of the initial investment. Butterfly Ventures has a significant capacity for follow-on investments to support portfolio companies as they scale.Founded in 2012, Butterfly Ventures has established itself as one of the most active early-stage VCs in the Nordic and Baltic regions. The firm operates offices in Oulu and Helsinki, Finland; Stockholm, Sweden; Tallinn, Estonia; and Copenhagen, Denmark. Notably, Butterfly Ventures was recognized by Forbes as the first VC fund in Europe to operate 100% carbon neutrally, underscoring their commitment to sustainability and responsible investment practices, aligning with EU Article 8 and the Sustainable Finance Disclosures Regulation.The firm's portfolio showcases a diverse range of innovative companies. Notable investments include Zenniz, which is developing an end-to-end smart tennis court system; SpinDrive, focused on cutting industrial energy waste with magnetic levitation bearings; Geyser Batteries, specializing in high-density energy storage; Surgify, which aims to set new bone-surgery standards; Cerenion, providing solutions for measuring brain function in intensive care; Naava, addressing global health problems; KNL Networks, offering SATCOM replacements; and Valossa, known for its advanced multi-modal video AI. These investments reflect Butterfly Ventures' focus on disruptive technologies with tangible real-world applications.The Butterfly Ventures team comprises experienced professionals with diverse backgrounds in entrepreneurship, venture capital, and technology management. Key partners include Matti Kanninen (Co-Founder and Managing Partner), Juho Risku (Co-Founder and Partner), Ville Heikkinen (Partner), and Tanya Marvin-Horowitz (Partner). The team's collective expertise and hands-on approach are integral to their strategy of supporting startups from inception through various growth stages, fostering innovation, and driving value creation in their portfolio companies.

CMPC Ventures is the corporate venture capital arm of CMPC, a global company with over a century of history in the pulp, paper, and wood products industries. The firm is dedicated to accelerating the development and incorporation of new technologies and products that align with CMPC's vision for a more circular and sustainable future. Its investment focus spans several strategic verticals, including forest productivity and management, value-added technologies derived from side streams, innovations to enhance core competitiveness, new products developed from Kraft pulp, and advanced bioproducts and wood-based solutions.Founded in 2020, CMPC Ventures was established as an integral part of CMPC's long-term growth strategy. The firm operates with a futuristic and disruptive vision, aiming to catalyze the creation of new sustainable businesses that will contribute to CMPC's evolution over the medium and long term. This initiative underscores CMPC's commitment to innovation and collaboration within the global ecosystem to address future challenges and opportunities in renewable resources.The firm's portfolio showcases a range of innovative companies, including Rubi, Modvion, Strong By Form, Pulpex, Nordic Bioproducts Group, Boxia, and Woamy. Notable investments highlight CMPC Ventures' commitment to sustainable solutions, such as its support for Rubi Laboratories, which focuses on sustainable textiles, and Modvion, a Swedish company developing wooden wind towers. These investments reflect the firm's dedication to fostering advancements in sustainable manufacturing and bio-based materials.CMPC Ventures is led by a team with diverse expertise, including Bernardita Araya as the CMPC Ventures Director, Evelyn Von Bischhoffshausen as the Investment and Portfolio Manager, and Anna Niittylä, who serves as a Scout and Representative in the Nordic Countries. The team also includes Bibiana Rubini, Gerente de I+D y Bioeconomía de CMPC, Viviana Hermosilla, Director Técnico para Europa, and Geofrey González, Analista y Coordinador Interno. This collective experience in R&D, bioeconomy, and investment management enables the firm to identify and support promising startups that align with its strategic objectives.

Finnfund is a Finnish development financier and impact investor dedicated to fostering a more sustainable future by investing in businesses that address global development challenges. The firm provides risk capital, long-term investment loans, and mezzanine financing, along with expertise, to private sector projects in developing countries as defined by the OECD/DAC. Finnfund's strategic focus areas include digital infrastructure and solutions, clean energy, sustainable forestry, sustainable agriculture, and financial institutions. The firm emphasizes investments that generate measurable development impacts, such as job creation, climate action, gender equality, and human rights.Established in 1980, Finnfund was founded by the Finnish government to support Finnish businesses in their investment endeavors within developing nations. It operates as a state-owned company, with the Finnish State holding the majority ownership (96.64%), alongside Finnvera (3.30%) and the Confederation of Finnish Industries (0.06%). Finnfund's profits are reinvested into new projects that further sustainable development, reflecting its long-term mandate and commitment to development finance.Finnfund's diverse portfolio includes notable investments across various sectors and regions. Examples include Zain Group in telecommunications, d light and Indifi for financial services, Access Bank, and Wave Systems, a unicorn in cross-border money transfers. The firm has also supported companies like Ecofy in digital financing for green transition in India, CIM Santé Group in Moroccan healthcare, EthioChicken for food security, JUMO for mobile financial services, and Miro Forestry for sustainable plantation forestry in West Africa. Other investments span microfinance institutions like Bailyk Finance in Kyrgyzstan and Oasis Credit in Uzbekistan, and digital access initiatives in Latin America.The Finnfund team comprises approximately 100 experts specializing in finance, development impact, corporate responsibility, legal affairs, and administration. These professionals are based in the firm's headquarters in Helsinki, Finland, and its regional office in Nairobi, Kenya, enabling them to operate effectively across developing countries worldwide. Their collective expertise is crucial in identifying, evaluating, and supporting profitable and responsible businesses that align with Finnfund's mission to create lasting positive change.

Greencode Ventures is a digital-first green transition venture capital firm based in Helsinki, Finland, with operating hubs also in Germany and Sweden. The firm is dedicated to accelerating the green transition by investing in early-stage digital solutions across Europe, specifically from seed to Series A+ rounds. Their investment thesis centers on software solutions that significantly reduce emissions, save resources, and add value across key sectors. These include Green Energy (transition to clean energy in digital and interconnected systems), Green Mobility (shift towards electrification and accelerated accessibility via software), Green Industries (digital solutions for resource and manufacturing efficiencies and circular economy), and Green Cities (improved construction, waste reduction, energy savings, and material recycling for carbon-neutral buildings).Founded in 2022 by industrial transformist Kaisa Hietala and green energy venture capitalists Terhi Vapola and Ines Bergmann-Nolting, alongside entrepreneurs Manuel Heckmann and Karin Henriksson, Greencode Ventures aims to support impactful digital solutions within this decade. The firm emphasizes a systemic approach to the green transition, recognizing its complexity beyond just CO2 reduction. They also highlight their commitment to addressing the underrepresentation of women-founded teams in the VC landscape, being a female-led firm.Greencode Ventures has made several notable investments in companies driving the green transition. Their portfolio includes Groundhawk, an AI-powered 3D mapping platform for underground utilities. They have also invested in Cronvall, a digital B2B procurement platform transforming industrial buying and supplying. Other investments include Supercritical, a carbon-removal marketplace, Sustashift, which provides software for corporate sustainability reporting, Keto Software for portfolio management, Synergi for electricity management software, Southern Lights for clean energy sector software utilizing AI, LiveEO for earth observation data and geolocation services, Lumoview for building analytics, and Renow, focused on re-commerce solutions. The firm also has an interest in green data centers.The Greencode Ventures team comprises a diverse group of serial founders and investors with a proven track record in green technology and digitalization. Managing Partner Terhi Vapola brings extensive experience in greentech and digitalization investments, while Kaisa Hietala, Founder & Chair, is recognized for her role in Neste's transformation into a leading renewable products producer. Ines Bergmann-Nolting, also a Managing Partner, has significant expertise in energy, cleantech, and venture capital, particularly in shaping E.ON SE's venture capital efforts. The team leverages its deep industry knowledge and global corporate network to accelerate go-to-market strategies and foster rapid scalability for its portfolio companies. The advisory board includes prominent figures like Sari Baldauf, Chairwoman of Nokia, and Mika Anttonen, majority owner of energy company St1.

ICOS Capital is a Dutch-based ClimateTech Venture Capital firm established in 2005, dedicated to accelerating sustainability by investing in breakthrough technologies. The firm's ambitious mission is to facilitate the reduction or avoidance of one gigaton of CO2 equivalent emissions by 2050. They achieve this by focusing on early-growth stage companies with validated business-to-business market traction, particularly within the food systems, chemicals & materials, sustainable industry process & digital technologies, and decarbonization sectors.The firm operates on a unique Collaborative Venturing Platform (CVP) model, which brings together fast-growth innovators and sector-leading corporations. This platform facilitates growth financing, engineering and production expertise, infrastructure, and market access for their portfolio companies. Nityen Lal, a Founding Partner, emphasizes that this proven model is crucial for tackling the urgent and complex challenge of decarbonizing to Net Zero.ICOS Capital has made numerous investments in companies that align with its sustainability mission. Notable portfolio companies include Foamlab, which recently raised €3 million in growth capital, eAgronom, whose Soil Carbon Program secured Verra's registration, and Mevaldi B.V. Other significant investments include Carbon Clean, Squirro, TRACT, Holiferm, Nutrileads, Invert Robotics, Plantics, RainMaker WorldWide (which had an IPO), Bioactor (which was acquired), Photanol, Silgan, Point Source Carbon Capture Technology, Hudson River Biotechnology, CarbonOrO, and 1-2 Taste.The ICOS Capital investment team boasts over 75 years of cumulative venture capital experience, with members who have led and internationally syndicated deals with top-tier funds, realized trade sales and IPOs, and assisted startups in becoming successful ventures. Key team members include General Partners Nityen Lal and Peter van Gelderen, CFO Rudi Dupper, and Investment Committee Chair John van Grootel. The firm also leverages a network of industry partners and venture partners, such as Jos Keurentjes, an experienced scientist and innovation leader, to provide extensive expertise and support to its portfolio companies.

NGP Capital is a global venture capital firm founded in 2005, dedicated to partnering with exceptional founders to transform innovative ideas into impactful companies. The firm specializes in backing early to growth-stage B2B companies that drive the convergence of the physical and digital worlds, focusing on sectors such as enterprise software, industrial technology, cybersecurity, and infrastructure.With over $1.6 billion in assets under management, NGP Capital has made 175 investments and achieved 56 portfolio exits, including 19 unicorns and 11 IPOs. The firm emphasizes long-term, loyal partnerships with founders, providing not only capital but also strategic guidance, deep industry expertise, and access to extensive networks.Their investment approach is data-driven and powered by proprietary AI tools to identify promising opportunities and support portfolio growth. NGP Capital operates globally with teams based in Palo Alto (USA), Berlin (Germany), and Helsinki (Finland), investing primarily across Europe, Israel, and the United States, with occasional investments in other regions. The firm typically invests in Series A through Series C rounds, with initial ticket sizes ranging from $5 million to $15 million, often leading or co-leading rounds between $10 million and $50 million in total.NGP Capital's mission is to help founders scale internationally and create companies that shape a better future.

Node Capital, operating as node.vc, is an early-stage venture capital firm based in Stockholm, Sweden, with a strong focus on the Nordic region. The firm positions itself as a backer of "Nordic Game Changers," investing in groundbreaking technology startups. While sector-agnostic, Node Capital specifically targets companies driven by disruptive forces in areas such as new experiences, gaming, new media, health technology, on-demand technology, platform technologies, fintech, IoT, Web 3.0, machine intelligence, smarter workplaces, developer tools, digital workplaces, marketing technology, and productivity tools.The firm was founded in 2022 and commenced its investment activities in early 2024. Node Capital's approach is rooted in the extensive operational experience of its team, who have collectively built, run, and funded over 40 successful technology ventures. They aim to leverage this hands-on experience to support the next generation of entrepreneurs, helping to mitigate risks and navigate the complexities of building a company.Node Capital's portfolio includes a diverse range of early-stage companies. Notable investments feature Redpine, which focuses on data infrastructure for AI; Spaak, a vertical AI solution for public affairs; Vaja, developing disruptive wind-adaptive solar farm technology; Roro Interactive, a creative play studio; Lemonado, a low-code platform for dashboards and apps; Starhive, offering next-gen unified data management; Serverpod, an open-source app server for Flutter developers; Sponswatch, an AI-powered sponsorship measurement technology; Onio, specializing in low-power microcontrollers; Acembee, an AI-powered platform for sustainability reporting in construction; and Favora, an AI fashion search engine.The team at Node Capital comprises experienced founders, operators, and investors, including Managing Partner John Elvesjö, Partners Daniela Sjunnesson, Henrik Tellving, and Mårten Skogö, Investment Principal Rebecca Sjödin, and several other investment and venture professionals. Their collective background spans various aspects of the tech industry, from developing technological solutions and filing patents to leading engineering operations and scaling companies internationally. This deep expertise and a robust network of prominent tech entrepreneurs across the Nordics provide significant value-add to their portfolio companies.

Play Ventures is a leading early-stage venture capital firm that focuses on investing in the global gaming industry, games-inspired consumer applications, and related B2B infrastructure and services startups. The firm aims to identify and support ambitious entrepreneurs in creating the next generation of gaming unicorn companies. Their investment thesis extends beyond traditional gaming to encompass "playable apps" – consumer applications that leverage free-to-play gaming mechanics for user acquisition, economy design, and monetization.Founded in 2018 by successful gaming entrepreneurs Henric Suuronen and Harri Manninen, Play Ventures was established with the goal of investing early in promising teams, often before they have a product. The firm emphasizes providing tailored support to its founders through a unique network, assisting with aspects such as recruitment, design, and fundraising. They also foster collaboration among their portfolio companies and co-invest with other prominent venture capitalists globally.Play Ventures has built a diverse portfolio with notable investments across various stages. Some of their portfolio companies include Reworks, which was acquired by Playtika for up to $600M, mod.io which raised a $26M Series A led by Tencent, and Social First, which secured a $2.5M Pre-Seed round. They have also backed companies like Appcharge, Scenario, and PVX, which are developing solutions in payments, AI, and performance marketing for the mobile ecosystem.The team at Play Ventures comprises experienced professionals with deep roots in the gaming and technology sectors. Founding Partners Henric Suuronen and Harri Manninen bring extensive operational experience, having founded and successfully exited gaming studios. Henric co-founded Nonstop Games, acquired by King, and Harri co-founded Rocket Pack, acquired by Disney. General Partners like Phylicia Koh, Anton Backman, and Kenrick Drijkoningen contribute expertise in new investments, web3, and platform development, ensuring comprehensive support for their portfolio companies.

Redstone VC is a prominent European venture capital firm established in 2014, headquartered in Berlin, Germany, with additional offices in Zurich, Switzerland, and Helsinki, Finland. The firm distinguishes itself through a data-driven investment approach, leveraging its proprietary startup analytics and data platform, SOFIA, to make evidence-based decisions and identify promising ventures. Redstone VC operates with a focused strategy, managing multiple investment funds tailored to specific industry sectors and verticals. They are also known for their 'VC-as-a-service' model, advising the venture arms of various multinational corporations across Germany and Europe.Co-founded by Michael Brehm, Redstone VC's vision is rooted in a fusion of human expertise and machine intelligence, aiming to optimally support innovative founders in advancing humanity. The firm's commitment extends beyond capital, acting as a strategic partner and mentor to its portfolio companies, providing essential support and guidance for their growth. This approach emphasizes building strong sector expertise and networks, which in turn enhances the value and success of their investments.Redstone VC's investment focus spans a wide array of high-impact sectors, including DeepTech, Industrial, Energy & Infrastructure, Blue Economy, Social Impact, FinTech, and Health. They also have dedicated funds for areas like Quantum technology and Proptech, and are active in Venture Debt financing. The firm targets early-stage European companies, typically investing in Pre-Seed, Seed, Series A, and Series B rounds. Notable investments include companies such as &Charge, Logicc, and SolvaPay, particularly within the financial software and business/productivity software industries.The Redstone team comprises experienced entrepreneurs and investors who are dedicated to finding and supporting ambitious ventures. Their expertise is complemented by the SOFIA platform, which aids in sourcing, screening, investment analysis, and portfolio management. The firm's commitment to its founders, investors, and employees is central to its mission, fostering long-term value creation through strategic advice, mentorship, and access to a robust network of industry experts and resources.