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Top 10 Clean Energy VC Funds & Investors in Finland (May 2026)

The most active venture capital funds investing in Finland Clean Energy startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Finland Clean Energy startup companies. Find investors to raise a Seed, Series A or Grant round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Business Finland
VC Fund
2 Finland, United States, United Kingdom Seed, Grant Software, Information Technology, SaaS $36k–$3.2M
Fortum
VC Fund
1 Finland Series A CleanTech, Clean Energy, Renewable Energy
Conor Venture Partners
VC Fund
1 Finland, United States, Sweden Series A, Series B, Seed Software, Analytics, Semiconductor $1.1M–$15M
Climate Investment
VC Fund
1 United States, Canada, Spain Series B, Series C, Series A Energy, CleanTech, Manufacturing $3.5M–$45M
European Commission
VC Fund
1 Spain, France, United States Grant, Seed, Pre-Seed Software, Biotechnology, Health Care $54k–$21M
Inventure
VC Fund
1 Finland, Sweden, Denmark Seed, Series A Software, Information Technology, Health Care $482k–$12M
European Union
VC Fund
1 United Kingdom, United States, Germany Grant, Seed Health Care, Information Technology, Medical Device $16k–$15M
Aura Group
VC Fund
1 Australia, Finland Series A, Seed iOS, Blockchain, Information Technology $5.4M–$13M
John Nurminen Oy
VC Fund
1 Finland Series A CleanTech, Clean Energy, Renewable Energy
Sitra
VC Fund
1 Finland, The Netherlands Series A, Series C Health Care, Biotechnology, Therapeutics
Access all 12 VC funds in Finland Clean Energy startups.

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Investor list

Business Finland
VC Fund · Helsinki, Southern Finland, Finland · 2 investments in Finland Clean Energy startups, 14 in the past 12 months

Business Finland finances business R&D projects and public research projects at universities, research institutes and universities of applied sciences. Read more about R&D and business funding.

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Investment focus

  • Industry: Software, Information Technology, SaaS
  • Stage:Seed, Grant
  • Geography: Finland, United States, United Kingdom

Investor stats

  • Total investments: 137
  • Round size: Seed $107k–$3.2M; Grant $36k–$2.8M
  • Lead/follow: 35% lead, 65% follow
  • Last fund: May invest from a new fund soon — last raise in 2017

Portfolio highlights

  • Fixably — Fixably is the repair management solution to seamlessly connect all users, from the end customer to the technician, and all repair systems within your service business.
  • Valosan — Scale your international PR into any local market. With Valosan, you connect with PR specialists in local markets and pitch your story to real journalists
  • Vensum Power — Revolutionizing power conversion. More power in same package, less energy waste and low maintenance.
Show all investments...

Fortum
VC Fund · Espoo, Southern Finland, Finland · 1 investments in Finland Clean Energy startups

Fortum’s competence in waste-to-energy and strong financial resources, a true Nordic circular economy champion will be formed.

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Investment focus

  • Industry: CleanTech, Clean Energy, Renewable Energy
  • Stage:Series A
  • Geography: Finland

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • AW-Energy — The company develops and delivers technology for converting ocean waves to electricity. AW-Energy has developed WaveRoller - a fully submerged wave energy converter which utilizes wave surge phenomenon. This commonplace effect is observed in near-shore waters where the circular motion of water particles present in open sea waves changes intoelliptical circulation due to more shallow bottom. Before the waves break, typically at the depth of 8-20 metres this elliptical motion is so flat that it is essentially a horizontal back-and-forth movement of water. WaveRoller device is a Panel anchored at its base on the sea bed. The back and forth movement of the wave surge moves the Panel, transferring the kinetic energy to piston pumps. The pumps create a great deal of pressure which is fed into a combination of hydraulic motor/generator, which in turn produces electricity. The nominal capacity of a single commercial-scale Panel ranges between 500 – 1000 kW, depending on the wave resources available on the site. WaveRoller has the ability to generate energy on a wide spectrum of wave states and is also well suited for locations where wave periods are long and the swell is strong.A series of WaveRoller devices can be combined into an array, thus resulting in a wave farm. Since the plant construction is modular with a high degree of independence between individual units, there is no natural upper limit to the number of WaveRoller units that can be used, therefore offering a high level of scalability and reliability. The electricity output from an individual Panel is connected to a hub/substation, thus making it easy to plug-in new units in separate project development stages, as the new capacity is added to the farm. Also, any potential underperformance or service & maintenance breaks of individual units have no impact on the remaining units, thus ensuring uninterrupted power output from the overall farm.The first prototypes were designed and patent applications were filed as early as in 1999, when Rauno Koivusaari, the original inventor co-operated with Fortum Research Centre during the conceptual phase. Since then the technology has evolved following numerous laboratory and wave-tank test trials and ongoing mathematical simulations. Open sea trails started in 2004 and included the Gulf of Finland, marine tests conducted in the European Marine Energy Centre (EMEC), Scotland, and an own testing site in Peniche, Portugal. The subsequent successes and encouraging test results led to continuous increase in the scale of the demonstration plant.The latest demonstration plant/farm consisting of three 100kW WaveRoller units (total nominal capacity of the farm 300kW) is to be deployed in Peniche, Portugal, during the second quarter of 2012. The final assembly is nearing completion in the first quarter of 2012 and will be awaiting suitable weather conditions for the deployment in the following months. The farm will be connected to national grid in Portugal. The company has already secured all the necessary permits and, additionally, holds a licence for 1MW grid connection.
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Conor Venture Partners
VC Fund · Espoo, Southern Finland, Finland · 1 investments in Finland Clean Energy startups

Conor Venture Partners is a new breed technology venture capital fund and management company. Conor invests in early-stage companies originating from Nordic and Baltic countries. Investment areas include information and communications technology, embedded software, semiconductor technology, electronics, new materials and optics.

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Investment focus

  • Industry: Software, Analytics, Semiconductor
  • Stage:Series A, Series B, Seed
  • Geography: Finland, United States, Sweden

Investor stats

  • Total investments: 42
  • Round size: Seed $1.1M–$2.5M; Series A $3M–$11M; Series B $2.5M–$15M
  • Lead/follow: 36% lead, 64% follow
  • Last fund: May invest from a new fund soon — raised $60M in 2010

Portfolio highlights

  • TactoTek — Set your imagination free and create user experiences with the help of sustainable smart molded structures.
  • Blackwood Seven | Part of Kantar Group — Attribute, predict and optimize the business outcome of marketing and media plans with Blackwood Seven's Unified Marketing Modeling platform.
  • Verto Analytics — Verto Analytics (Verto) operates a passive metering panel that provides researchers, advertisers, and publishers the data they need to keep up with the rapid and changing pace of consumer media consumption on every app, device, service, and platform. This ongoing, longitudinal panel captures a wide breadth of behaviors—all enriched to clients’behavioral analysis or custom survey studies. Our single-source, passive metering data sets provide the information needed to understand the full digital footprint of the U.S. population. Our Data Labs are located in the US, and in Helsinki, Finland. http://www.vertoanalytics.com.
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Climate Investment
VC Fund · London, England, United Kingdom · 1 investments in Finland Clean Energy startups, 8 in the past 12 months

OGCI Climate Investments focuses on delivering the transition to lower carbon emission energy sources. The leaders of the ten major oil and gas companies are committed to the direction set out by the Paris Agreement on climate change. They support its agenda for global action and the need for urgency. Through their collaboration in Oil and GasClimate Initiative (OGCI), they can be a catalyst for change in their industry and more widely.OGCI aims to increase the ambition, speed and scale of the initiatives they undertake as individual companies to reduce the greenhouse gas footprint of their core oil and gas business – and to explore new businesses and technologies.

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Investment focus

  • Industry: Energy, CleanTech, Manufacturing
  • Stage:Series B, Series C, Series A
  • Geography: United States, Canada, Spain

Investor stats

  • Total investments: 45
  • Round size: Series A $5M–$18M; Series B $3.5M–$45M; Series C $5M–$16M
  • Lead/follow: 56% lead, 44% follow

Portfolio highlights

  • Aeroseal — Our duct and air sealing technologies are proven to make your air cleaner and healthier while delivering comfort and substantial energy savings.
  • Trace Carbon Solutions — Trace Carbon Solutions is focused on developing Carbon Capture and Sequestration (CCS) infrastructure to enable the decarbonization of an array of large-scale industrial emissions.
  • Carbon Upcycling — Carbon Upcycling Technologies (“CUT”) was formed to use the pollution of today to build the materials of tomorrow by converting CO2 gas into solid products. CUT sells advanced solid products derived from greenhouse emissions and cheaply available solids. Since 2014, CUT has scaled its ability to convert CO2 emissions into value-add end materials byover a million times. Through its portfolio of CO2-derived solid nanoparticles, CUT has technically validated its solutions for use in plastics, coatings, epoxy, adhesives, concrete, lithium-ion battery, and pharmaceutical industries. CUT recently launched a consumer brand called Expedition Air.CUT commercialized a corrosion-resistant coating, utilizing its nanoparticles, in 2017, becoming the youngest CO2 utilization company to generate commercial revenue (<2.5 years since inception) and has since been confirmed as one of the top CO2 utilization companies in the world as a winner of the X-Factor Award in the NRG COSIA Carbon XPRIZE. CUT has been named as a Solar Impulse Efficient Solution label recipient, a funding recipient of Fundación Repsol Entrepreneurs Fund, and a winner of the 2019 76West Clean Technology Competition.CUT’s most advanced product is its CO2-embedded concrete additive. In 2018, CUT graduated from the LafargeHolcim Accelerator in France and has continued conversations and testing with the company since then. CUT is also partnered with Burnco and Cemex. CUT’s commercial demonstration at the Alberta Carbon Conversion Technology Centre produces over 20 tonnes of concrete additives in a day. The product reduces the carbon footprint of concrete manufacturing by up to 25% while increasing the compressive strength of concrete by up to 40%.
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European Commission
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 1 investments in Finland Clean Energy startups, 16 in the past 12 months

The official website of the European Commission, providing access to information about its political priorities, policies and services

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Investment focus

  • Industry: Software, Biotechnology, Health Care
  • Stage:Grant, Seed, Pre-Seed
  • Geography: Spain, France, United States

Investor stats

  • Total investments: 126
  • Round size: Seed $55k–$2.8M; Grant $54k–$21M; Pre-Seed $54k–$1.6M
  • Lead/follow: 63% lead, 37% follow
  • Last fund: May invest from a new fund soon — last raise in 2014

Portfolio highlights

  • Vianode — Vianode is a producer of sustainably engineered battery materials.
  • Devnya Cement — Devnya Cement is a cement company that operates in the wholesale construction products industry.
  • Angelini Pharma — Angelini is committed to identifying health solutions with a prevalent focus on the areas of Central Nervous System (CNS), including pain, and Rare Diseases. The Company is also a leading player in the Consumer Health sector,
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Inventure
VC Fund · Helsinki, Southern Finland, Finland · 1 investments in Finland Clean Energy startups, 6 in the past 12 months

Since 2005, Inventure has backed over 90 companies including Wolt, Swappie, Jobbatical, aiMotive, and more.

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Investment focus

  • Industry: Software, Information Technology, Health Care
  • Stage:Seed, Series A
  • Geography: Finland, Sweden, Denmark

Investor stats

  • Total investments: 138
  • Round size: Seed $482k–$3M; Series A $1.1M–$12M
  • Lead/follow: 46% lead, 54% follow
  • Last fund: Likely still investing — raised $154M in 2022

Portfolio highlights

  • Haltian — End-to-end IoT solutions and world-glass product design services from Haltian
  • Commsignia — Commsignia specializes in the research and development, manufacturing and distribution of cooperative intelligent transportation systems. Its product line includes a V2X Communication Software Stack and Commsignia’s own security stack implementation, Hybrid V2X/ADAS Safety Applications, a V2X Simulator, On-Board Units (OBU) and Roadside Units(RSU).The company was founded in 2012 and is headquartered in Santa Clara, California.
  • Value.Space — Space based risk assessments & monitoring
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European Union
VC Fund · London, England, United Kingdom · 1 investments in Finland Clean Energy startups, 23 in the past 12 months

Discover how the EU functions, its principles, priorities; find out about its history and member countries; learn about its legal basis and your EU rights.

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Investment focus

  • Industry: Health Care, Information Technology, Medical Device
  • Stage:Grant, Seed
  • Geography: United Kingdom, United States, Germany

Investor stats

  • Total investments: 110
  • Round size: Seed $16k–$5.4M; Grant $54k–$15M
  • Lead/follow: 59% lead, 41% follow

Portfolio highlights

  • Atlante — The first EV Fastcharging Network enabled by renewables, energy storage and 100% grid-integrated.
  • Tesla — Tesla is accelerating the world's transition to sustainable energy with electric cars, solar and integrated renewable energy solutions for homes and businesses.
  • Mocean Energy — At the forefront of global wave energy industry, Mocean Energy pioneers technology for accessing the untapped potential of ocean waves.
Show all investments...

Aura Group
VC Fund · Singapore, Central Region, Singapore · 1 investments in Finland Clean Energy startups

Aura Group is a financial services company operating out of Australia and Singapore that provides tailored wealth and funds management solutions across the Asia Pacific region. Our vision is to build trust that lasts generations.

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Investment focus

  • Industry: iOS, Blockchain, Information Technology
  • Stage:Series A, Seed
  • Geography: Australia, Finland

Investor stats

  • Total investments: 7
  • Round size: Series A $5.4M–$13M
  • Lead/follow: 29% lead, 71% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • InStitchu — InStitchu is an online custom clothier specializing in tailor made menswear. Customers are able to design custom made garments online which are then made to their exact measurements.InStitchu provides tailor made, high quality menswear through a simple online ordering process. Once a customer has added measurements to their profile, a suit orshirt can be ordered in a few minutes and on its way in two weeks. There are multiple ways for a customer to get their measurements perfected and enjoy that “perfect fit” InStitchu customers keep coming back for - our measurement guide will take you on a journey from your living room to the hustle and bustle of our tailor’s studio. Customers can choose from a wide range of globally sourced high quality wool and cotton fabrics, and when you’ve chosen, we’ll deliver your design right to your door. This new approach to shopping is stress free and cuts out the middleman, allowing us to deliver customers luxury tailor made suits and shirts without the high price tag.
  • Lygon — Lygon is the platform for digital bank guarantees. Our platform utilises Blockchain technology to offer speed, trust and flexibility and makes guarantees simple and effective for all.
  • Global Reviews — Prioritised, enterprise-wide decision making, based on digital intelligence and customer centric research. Learn how Global Reviews can help your business here.
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John Nurminen Oy
VC Fund · Helsinki, Southern Finland, Finland · 1 investments in Finland Clean Energy startups

John Nurminen Oy is a company that provides distributor of nautical charts.

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Investment focus

  • Industry: CleanTech, Clean Energy, Renewable Energy
  • Stage:Series A
  • Geography: Finland

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • AW-Energy — The company develops and delivers technology for converting ocean waves to electricity. AW-Energy has developed WaveRoller - a fully submerged wave energy converter which utilizes wave surge phenomenon. This commonplace effect is observed in near-shore waters where the circular motion of water particles present in open sea waves changes intoelliptical circulation due to more shallow bottom. Before the waves break, typically at the depth of 8-20 metres this elliptical motion is so flat that it is essentially a horizontal back-and-forth movement of water. WaveRoller device is a Panel anchored at its base on the sea bed. The back and forth movement of the wave surge moves the Panel, transferring the kinetic energy to piston pumps. The pumps create a great deal of pressure which is fed into a combination of hydraulic motor/generator, which in turn produces electricity. The nominal capacity of a single commercial-scale Panel ranges between 500 – 1000 kW, depending on the wave resources available on the site. WaveRoller has the ability to generate energy on a wide spectrum of wave states and is also well suited for locations where wave periods are long and the swell is strong.A series of WaveRoller devices can be combined into an array, thus resulting in a wave farm. Since the plant construction is modular with a high degree of independence between individual units, there is no natural upper limit to the number of WaveRoller units that can be used, therefore offering a high level of scalability and reliability. The electricity output from an individual Panel is connected to a hub/substation, thus making it easy to plug-in new units in separate project development stages, as the new capacity is added to the farm. Also, any potential underperformance or service & maintenance breaks of individual units have no impact on the remaining units, thus ensuring uninterrupted power output from the overall farm.The first prototypes were designed and patent applications were filed as early as in 1999, when Rauno Koivusaari, the original inventor co-operated with Fortum Research Centre during the conceptual phase. Since then the technology has evolved following numerous laboratory and wave-tank test trials and ongoing mathematical simulations. Open sea trails started in 2004 and included the Gulf of Finland, marine tests conducted in the European Marine Energy Centre (EMEC), Scotland, and an own testing site in Peniche, Portugal. The subsequent successes and encouraging test results led to continuous increase in the scale of the demonstration plant.The latest demonstration plant/farm consisting of three 100kW WaveRoller units (total nominal capacity of the farm 300kW) is to be deployed in Peniche, Portugal, during the second quarter of 2012. The final assembly is nearing completion in the first quarter of 2012 and will be awaiting suitable weather conditions for the deployment in the following months. The farm will be connected to national grid in Portugal. The company has already secured all the necessary permits and, additionally, holds a licence for 1MW grid connection.
Show all investments...

Sitra
VC Fund · Helsinki, Southern Finland, Finland · 1 investments in Finland Clean Energy startups

Sitra is the venture capital investment arm of Sitra specializing in investments in seed, start-ups, early stage opportunities, and other funds. The firm invests through its three programmes namely, Health Care Programme, the Food and Nutrition Programme, and the Environmental Programme. Within the Health Care Programme, investments are focused oncompanies engaged in paper-free health care, seamless services, decentralised specialised health care, and support services. Within the Food and Nutrition Programme, investments are made in enterprises engaged in the food and nutrition sector, including value-adding upgrading of raw materials and new applications and service concepts in food and nutrition technology.

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Investment focus

  • Industry: Health Care, Biotechnology, Therapeutics
  • Stage:Series A, Series C
  • Geography: Finland, The Netherlands

Investor stats

  • Total investments: 7
  • Lead/follow: 14% lead, 86% follow

Portfolio highlights

  • Naava — Naava helps you to make safer and healthier indoor spaces - experience Naava green wall, a striking combination of nature and high-end technology.
  • NaturVention — Naava helps you to make safer and healthier indoor spaces - experience Naava green wall, a striking combination of nature and high-end technology.
  • SET Ventures — Venture capital firm focused broadly on innovative energy generation, distribution storage and efficiency.
Show all investments...

Clean Energy VC funding in Finland at a glance

Stats across 9 deals from 12 investors.

12
investors
in Finland Clean Energy startups
9
deals
in Finland Clean Energy startups
$5.4M
median round
in Finland Clean Energy startups
25%
lead investors
lead at least one round
33%
Series A
most common funding stage

Access all 12 VC funds in Finland Clean Energy startups.

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