# Top 50 Biotechnology Startup Investors in Finland in May 2026

| Investor | Relevant Deals | Geography | Stage | Focus |
| --- | --- | --- | --- | --- |
| Tesi | 11 | Finland, United States, Argentina | Series A, Series B | Software, Manufacturing, Health Care |
| Lifeline Ventures | 9 | Finland, United States, United Kingdom | Seed, Series A | Software, Health Care, E-Commerce |
| Business Finland | 8 | Finland, United States, United Kingdom | Seed, Grant | Software, Information Technology, SaaS |
| Finnvera Venture Capital | 7 | Finland, United States, Switzerland | Seed, Series A | Software, Health Care, Information Technology |
| Voima Ventures | 7 | Finland, Norway, Sweden | Seed, Pre-Seed | Biotechnology, Health Care, Software |
| Butterfly Ventures | 6 | Finland, Sweden, Norway | Seed, Pre-Seed | Health Care, Software, Information Technology |
| Springvest | 5 | Finland | Series A | Biotechnology, Health Care, Energy |
| Icebreaker.vc | 4 | Finland, Estonia, Sweden | Pre-Seed, Seed, Series A | Software, Information Technology, Artificial Intelligence |
| Innovestor | 3 | Finland, Denmark, Sweden | Seed, Series A | Software, Health Care, Manufacturing |
| Inventure | 3 | Finland, Sweden, Denmark | Seed, Series A | Software, Information Technology, Health Care |
| Broadview Ventures | 2 | United States, Israel, Denmark | Series A, Seed, Debt Financing | Health Care, Biotechnology, Medical Device |
| Nordic Foodtech VC | 2 | Finland, Denmark, Sweden | Seed, Series A | Biotechnology, Seafood, Life Science |
| Sofinnova Partners | 2 | France, United States, United Kingdom | Series A, Series B, Series C | Biotechnology, Health Care, Medical |
| Sitra | 2 | Finland, The Netherlands | Series A, Series C | Health Care, Biotechnology, Therapeutics |
| Pontos Group | 2 | Finland |  | Genetics, Hospital, Automotive |
| EQT life science | 2 | United States, The Netherlands, Switzerland | Series A, Series B, Series C | Biotechnology, Health Care, Therapeutics |
| Leena Niemistö | 2 | Finland, United States | Seed, Pre-Seed | Health Care, Software, E-Commerce |
| HealthCap | 2 | United States, Sweden, France | Series B, Series A | Biotechnology, Health Care, Medical |
| VTT Ventures | 2 | Finland | Seed, Series A | Manufacturing, Biotechnology, 3D Technology |
| Sauli Törmälä | 2 | Finland | Seed | Life Science, Biotechnology |
| European Investment Bank | 2 | France, Germany, Ireland | Debt Financing, Post-IPO Debt | Biotechnology, Health Care, Software |
| Wave Ventures | 1 | Finland, Sweden, Germany | Seed, Pre-Seed | Software, Mobile Apps, Internet |
| K5 Global | 1 | United States, Brazil, Israel | Series A, Seed, Series B | Software, Information Technology, SaaS |
| Advent Life Sciences | 1 | United States, United Kingdom, France | Series A, Series B | Biotechnology, Health Care, Medical |
| Eqvitec | 1 | Finland, Sweden, United Kingdom | Series A, Seed | Software, Information Technology, Enterprise Software |
| Lynx Capital | 1 | Finland | Series A | Therapeutics, Biotechnology, Pharmaceutical |
| Valio | 1 | Finland | Series A | Life Science, Biotechnology |
| Horizon 2020 | 1 | Spain, United Kingdom, Israel | Grant, Seed | Biotechnology, Health Care, Software |
| Keksintösäätiö | 1 | Finland | Seed | Apps, Health Care, Biotechnology |
| Novartis Venture Fund | 1 | United States, Switzerland, United Kingdom | Series B, Series A, Series C | Biotechnology, Health Care, Therapeutics |
| Granström Mari | 1 | Finland | Seed | Biotechnology, Environmental Engineering |
| Athensmed | 1 | Finland | Seed, Series A | Health Care, Medical, mHealth |
| Visionplus | 1 | Finland, United States, United Kingdom | Seed, Series A | Software, Information Technology, Internet |
| Mikael Westerlund | 1 | Finland | Seed | Biotechnology, Environmental Engineering |
| Green Campus Innovations Oy | 1 | Finland | Seed | Energy, Battery, Biotechnology |
| Jorma Ollila | 1 | Finland | Seed | Life Science, Market Research, Quantum Computing |
| Metsola Ventures | 1 | Finland | Series A | Medical, mHealth, Health Care |
| Zhejiang Huahai Pharmaceutical | 1 | China | Series A | Biotechnology, Medical Device, Pharmaceutical |
| XR Invest | 1 | Finland, United States | Series A, Series C | Medical Device, Sensor, Medical |
| H&M Group Ventures (Prev. H&M CO:LAB) | 1 | Sweden, United States, United Kingdom | Series A, Series B | E-Commerce, Fashion, Textiles |
| Oy Hammaren & Co Ab | 1 | Finland | Angel, Series A | Health Care, Wellness, GreenTech |
| Loudspring | 1 | Finland, United States | Series A, Seed, Grant | SaaS, Smart Building, Property Management |
| Fortum | 1 | Finland | Series A | Biotechnology |
| Conor Venture Partners | 1 | Finland, United States, Sweden | Series A, Series B, Seed | Software, Analytics, Semiconductor |
| Takoa Invest | 1 | Finland, Israel | Seed, Series B, Series C | Biotechnology, Mobile, Retail |
| KPMG | 1 | United States, Australia, United Kingdom | Series A, Series B | Software, Information Technology, Enterprise Software |
| Valve Ventures | 1 | Finland | Seed, Series A | Energy, CleanTech, Oil and Gas |
| Stockholm Techstars Accelerator | 1 | Israel, Norway, Sweden | Pre-Seed | Pet, FinTech, Finance |
| Haakon Overli | 1 | United States, United Kingdom, Finland | Series A, Series B, Series C | Advertising, SaaS, Software |
| Riitta Ekengren | 1 | Finland | Seed | Biotechnology, Environmental Engineering |

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