# Top 50 Biotechnology VC (Venture Capital) Funds 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 |
| Inventure | 3 | Finland, Sweden, Denmark | Seed, Series A | Software, Information Technology, Health Care |
| Innovestor | 3 | Finland, Denmark, Sweden | Seed, Series A | Software, Health Care, Manufacturing |
| Pontos Group | 2 | Finland |  | Genetics, Hospital, Automotive |
| Sitra | 2 | Finland, The Netherlands | Series A, Series C | Health Care, Biotechnology, Therapeutics |
| EQT life science | 2 | United States, The Netherlands, Switzerland | Series A, Series B, Series C | Biotechnology, Health Care, Therapeutics |
| VTT Ventures | 2 | Finland | Seed, Series A | Manufacturing, Biotechnology, 3D Technology |
| 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 |
| European Investment Bank | 2 | France, Germany, Ireland | Debt Financing, Post-IPO Debt | Biotechnology, Health Care, Software |
| HealthCap | 2 | United States, Sweden, France | Series B, Series A | Biotechnology, Health Care, Medical |
| Sofinnova Partners | 2 | France, United States, United Kingdom | Series A, Series B, Series C | Biotechnology, Health Care, Medical |
| CPT Capital | 1 | United States, Israel, United Kingdom | Series A, Seed, Series B | Food and Beverage, Food Processing, Biotechnology |
| Fortum | 1 | Finland | Series A | Biotechnology |
| Loudspring | 1 | Finland, United States | Series A, Seed, Grant | SaaS, Smart Building, Property Management |
| Capricorn Partners | 1 | Belgium, United States, The Netherlands | Series B, Series A | Biotechnology, Health Care, Software |
| XR Invest | 1 | Finland, United States | Series A, Series C | Medical Device, Sensor, Medical |
| Nordea | 1 | Finland, Sweden, Norway | Debt Financing, Seed | FinTech, Financial Services, Banking |
| Creathor Ventures | 1 | Germany, Switzerland, United States | Series A, Series B | Software, Health Care, Biotechnology |
| Oy Hammaren & Co Ab | 1 | Finland | Angel, Series A | Health Care, Wellness, GreenTech |
| Thames Trust | 1 | United Kingdom, Finland | Seed, Series A, Series B | SaaS, FinTech, Finance |
| Avohoidon Tutkimussäätiö | 1 | Finland | Seed | Therapeutics, Biotechnology, Health Diagnostics |
| Kiilto Ventures | 1 | Finland, Portugal | Seed | Construction, CRM, Hospital |
| Emerald Technology Ventures | 1 | United States, Germany, Canada | Series B, Series A | Manufacturing, Energy, Software |
| Conor Venture Partners | 1 | Finland, United States, Sweden | Series A, Series B, Seed | Software, Analytics, Semiconductor |
| Athensmed | 1 | Finland | Seed, Series A | Health Care, Medical, mHealth |
| Finnish Climate Fund | 1 | Finland | Debt Financing | Biotechnology, Food Processing, Service Industry |
| H&M Group Ventures (Prev. H&M CO:LAB) | 1 | Sweden, United States, United Kingdom | Series A, Series B | E-Commerce, Fashion, Textiles |
| Valve Ventures | 1 | Finland | Seed, Series A | Energy, CleanTech, Oil and Gas |
| Valio | 1 | Finland | Series A | Life Science, Biotechnology |
| Keksintösäätiö | 1 | Finland | Seed | Apps, Health Care, Biotechnology |
| Wave Ventures | 1 | Finland, Sweden, Germany | Seed, Pre-Seed | Software, Mobile Apps, Internet |
| Metsola Ventures | 1 | Finland | Series A | Medical, mHealth, Health Care |
| Tekes Venture Capital | 1 | Finland |  | Genetics, Hospital, Health Care |
| Moomin Characters | 1 | Finland | Seed | Biotechnology, Environmental Engineering |
| Midinvest Management | 1 | Finland | Seed, Convertible Note | Software, Information Technology, Internet |
| Takoa Invest | 1 | Finland, Israel | Seed, Series B, Series C | Biotechnology, Mobile, Retail |
| Visionplus | 1 | Finland, United States, United Kingdom | Seed, Series A | Software, Information Technology, Internet |
| KPMG | 1 | United States, Australia, United Kingdom | Series A, Series B | Software, Information Technology, Enterprise Software |
| Cor Group | 1 | Finland | Seed, Pre-Seed, Series A | Health Care, Medical, Biotechnology |
| High-Tech Grunderfonds | 1 | Germany, Switzerland, United States | Seed, Series A | Software, Information Technology, Biotechnology |
| Horizon 2020 | 1 | Spain, United Kingdom, Israel | Grant, Seed | Biotechnology, Health Care, Software |
| Zhejiang Huahai Pharmaceutical | 1 | China | Series A | Biotechnology, Medical Device, Pharmaceutical |

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