# Top 50 Enterprise Software Startup Investors in Finland in May 2026

## Tesi
- Type: VC Fund
- Location: Helsinki, Southern Finland, Finland
- Relevant deals: 5
- Stages: Series A, Series B
- Focus: Software, Manufacturing, Health Care

Finnish Industry Investment Ltd is a government-owned investment company. It invests the proceeds accrued from the privatisation of state-owned companies in stimulating the growth and internationalisation of Finnish businesses.Finnish Industry Investment invests in venture capital funds and directly in growth companies, together with privateco-investors. The targets are in all sectors. Capital investments are needed for financing the growth of investee companies, and for spin-offs, major industrial investments, and sector and corporate restructurings.The investments of Finnish Industry Investment amount to over MEUR 570

## Finnvera Venture Capital
- Type: VC Fund
- Location: Kuopio, Eastern Finland, Finland
- Relevant deals: 5
- Stages: Seed, Series A
- Focus: Software, Health Care, Information Technology

Finnvera makes direct investments in early-stage enterprises through Seed Fund Vera Ltd. Finnvera's goal is to cover shortcomings existing on the market between product development funding and private equity investments. Finnvera does not compete with private financiers; instead, it strives to supplement the financial market.Finnvera'sinvestments enable, start and accelerate growth and internationalisation among investment targets. Enterprises are developed to make them attractive targets for further financing by other investors and industrial actors. Investments are made in technology enterprises at an early stage and in technology-intensive or innovative service enterprises that have potential for developing into international growth enterprises.Finnvera is also known as a specialised financing company owned by the State of Finland. It provides its clients with loans, guarantees, venture capital investments and export credit guarantees.

## Visionplus
- Type: VC Fund
- Location: Helsinki, Southern Finland, Finland
- Relevant deals: 4
- Stages: Seed, Series A
- Focus: Software, Information Technology, Internet

WE HELP YOU TO GROW FASTER!

## Business Finland
- Type: VC Fund
- Location: Helsinki, Southern Finland, Finland
- Relevant deals: 3
- Stages: Seed, Grant
- Focus: Software, Information Technology, SaaS

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.

## OpenOcean
- Type: VC Fund
- Location: Helsinki, Southern Finland, Finland
- Relevant deals: 3
- Stages: Series A, Series B, Seed
- Focus: Software, Information Technology, Enterprise Software

OpenOcean is an early-stage venture capital firm investing in B2B software across Europe with offices in London & Helsinki.

## Inventure
- Type: VC Fund
- Location: Helsinki, Southern Finland, Finland
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Software, Information Technology, Health Care

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

## Gorilla Capital
- Type: VC Fund
- Relevant deals: 2
- Stages: Pre-Seed, Seed, Series A
- Focus: Software, Information Technology, SaaS

Gorilla Capital is a Finnish venture capital fund investing in early stage companies that apply technology to solve real business problems of today.

## Creathor Ventures
- Type: VC Fund
- Location: Bad Homburg, Hessen, Germany
- Relevant deals: 2
- Stages: Series A, Series B
- Focus: Software, Health Care, Biotechnology

We have been investing at the frontier of technology and science for over 30 years. We know what it takes to succeed.

## Marten Mickos
- Type: Angel
- Location: San Francisco, California, United States
- Relevant deals: 2
- Stages: Seed, Series A, Convertible Note
- Focus: Software, Internet, Enterprise Software

Marten Mickos is the CEO of HackerOne, Inc. the leading vulnerability coordination and bug bounty platform. Previously Marten was the CEO of Eucalyptus Systems, acquired by Hewlett-Packard where he served as head of the cloud business. As the CEO of MySQL AB from 2001 to 2008, Marten grew that company from a garage start-up to the second largestopen source company in the world. Marten holds a M.Sc. in technical physics from Helsinki University of Technology in his native Finland.

## Summit Partners
- Type: VC Fund
- Location: Boston, Massachusetts, United States
- Relevant deals: 2
- Stages: Private Equity, Series B
- Focus: Software, Information Technology, Health Care

Summit Partners is a global alternative investment firm that invests in growth equity, fixed income and public equity opportunities in technology, healthcare and other growth sectors.

## Lifeline Ventures
- Type: VC Fund
- Location: Helsinki, Southern Finland, Finland
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Software, Health Care, E-Commerce

Lifeline Ventures Oy is a venture capital firm specializing in startups, growth capital, and early stage investments. The firm seeks to invest in healthcare, games, web based 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 ($0.66million) and €1 million ($1.32 million). It seeks make inception to Series A investments. Lifeline Ventures Oy was founded in November 2009 and is based in Helsinki, Finland.

## Reaktor Ventures
- Type: VC Fund
- Location: Helsinki, Southern Finland, Finland
- Relevant deals: 2
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, Internet, Health Care

Reaktor Ventures has moved to the next phase by focusing its efforts to actively supporting current portfolio companies. This means that the fund has ended its investment period and is not investing into new companies. Between 2013 and 2018 we have invested into 42 different companies and one early stage fund. We will naturally keep makingfollow-up investments to current portfolio companies.

## Molten Ventures
- Type: VC Fund
- Location: London, England, United Kingdom
- Relevant deals: 2
- Stages: Series A, Series B
- Focus: Software, Information Technology, Financial Services

Molten Ventures - previously Draper Esprit - is the first European tech-focused VC not tied to five-year cycles. We back brilliant teams with global ambition. You in?

## Maki.vc
- Type: VC Fund
- Location: Helsinki, Southern Finland, Finland
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Software, SaaS, E-Commerce

Maki.vc is an early-stage venture capital firm partnering with deep tech & brand-driven startups obsessed with challenging category norms. 

## Superhero Capital
- Type: VC Fund
- Location: Helsinki, Southern Finland, Finland
- Relevant deals: 2
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, Information Technology, Internet

Early-stage VC searching for the next Superheroes.

## Nordic Option
- Type: VC Fund
- Location: Oulu, Oulu, Finland
- Relevant deals: 1
- Stages: Seed, Series C
- Focus: Software, Manufacturing, 3D Technology

Nordic Option is a private equity fund focusing its investments on growth companies. It provides capital investments in small and medium-sized growth companies that have already established themselves in Northern Finland. The fund's investment strategy includes the possibility to make up to 5 early-stage growth investments with one millioneuros.The firm's value of investments in portfolio companies is approximately EUR 10 million and the value of loans granted is approximately EUR 1 million.

## Ambient Sound Investments
- Type: VC Fund
- Location: Tallinn, Harjumaa, Estonia
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Internet, Software, E-Commerce

Ambient Sound Investments (ASI) was established in 2003 as an equal partnership by four founding engineers at Skype to hold a minority stake in Skype. At the end of 2005 ASI sold its Skype shares to eBay and now operates as a private investment vehicle.

## eEquity
- Type: VC Fund
- Location: Stockholm, Stockholms Lan, Sweden
- Relevant deals: 1
- Stages: Seed, Series B
- Focus: E-Commerce, Fashion, Shoes

Sidan lanseras inom kort!

## Angular Ventures
- Type: VC Fund
- Location: London, England, United Kingdom
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, SaaS, Machine Learning

Angular Ventures is a specialist venture capital firm committed to founders redefining global markets.

## octopus investments
- Type: VC Fund
- Location: Andorra, Aragon, Spain
- Relevant deals: 1
- Stages: Series A, Series B
- Focus: Software, SaaS, E-Commerce

The investments we manage help thousands of advisers and their clients plan for their financial future. See how we can help you.

## Dirk Freise
- Type: Angel
- Location: Hamburg, Hamburg, Germany
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Series A
- Focus: Education, Software, TV

Dirk Freise - Managing Director @ non olet

## Martin Ostermayer
- Type: Angel
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Series A
- Focus: Education, Software, Apps

CEO of Shortcut Ventures GmbH in Hamburg, Germany.Martin Ostermayer is one of the CEOs of the venture capital firm, Shortcut Ventures, located in Hamburg, Germany. After graduating in Business Administration from the University of Hamburg, Ostermayer received his MBA from the University of San Francisco in 1998, majoring in telecommunicationsand business strategy.In 1999, he set up handy.de, which became Europe’s largest provider of mobile entertainment services with business partners Thorsten Rehling and Dirk Freise. They also created blau.de, the first independent wireless service discounter in Germany, in 2005. They led the company until 2011.

## Industrifonden
- Type: VC Fund
- Location: Stockholm, Stockholms Lan, Sweden
- Relevant deals: 1
- Stages: Series A, Seed
- Focus: Software, Biotechnology, Information Technology

Industrifonden is a Nordic evergreen venture capital firm with a fund size of $600m, that focuses on early-stage technology and life science companies with international potential. The company works long term with the entrepreneurs we invest in, and have a strong track record of building game changing companies. Industrifonden-backed companiesinclude tech companies Qlik, Arcam, Soundtrack Your Brand, Fishbrain, and life science companies CellaVision, Oncopeptides and AMRA.

## Gil Penchina
- Type: Angel
- Location: San Francisco, California, United States
- Relevant deals: 1
- Stages: Seed, Series A, Series B
- Focus: Software, Mobile, Internet

Gil Penchina is retired

## Kulpreet Singh
- Type: Angel
- Location: London, General Santos, Philippines
- Relevant deals: 1
- Stages: Seed
- Focus: Software, Machine Learning, Enterprise Software

Kulpreet Singh is Managing Partner at Overture Capital. He attended IMD.

## Ventech
- Type: VC Fund
- Location: Paris, Ile-de-France, France
- Relevant deals: 1
- Stages: Series A, Series B
- Focus: Software, E-Commerce, Biotechnology

On-the-ground expert investors in early-stage digital. Ready to meet you, wherever you are.

## Timo Hentunen
- Type: Angel
- Relevant deals: 1
- Stages: Pre-Seed
- Focus: Training, Education, Human Resources

Timo Hentunen

## Reetta Rajala
- Type: Angel
- Relevant deals: 1
- Stages: Pre-Seed
- Focus: Training, Education, Human Resources

Reetta Rajala

## Ali Omar
- Type: Angel
- Location: Helsinki, Southern Finland, Finland
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Angel
- Focus: Software, SaaS, Artificial Intelligence

Ali Omar is a Member of the Finnish Business Angels Network. He attended Aalto University and the University of Oulu.

## Ria Parppei
- Type: Angel
- Relevant deals: 1
- Stages: Pre-Seed
- Focus: Training, Education, Human Resources

Ria Parppei

## First Fellow Partners
- Type: VC Fund
- Location: Helsinki, Southern Finland, Finland
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Software, SaaS, Enterprise Software

A private investment firm run by Risto Siilasmaa and Kim Groop. Grounded in a deeply held set of values around entrepreneurship, trust, integrity and helping solve the world’s problems. We partner with strong and ambitious technology entrepreneurs driven by a mission to fix or build something important in the world.

## OnCorps
- Type: VC Fund
- Location: Boston, Massachusetts, United States
- Relevant deals: 1
- Stages: Series A
- Focus: Database, Software, Technical Support

Advanced AI solutions  for operations to reduce work, errors, and risk. Serving leading firms in the financial services and technology industries.

## NordicNinja VC
- Type: VC Fund
- Location: Helsinki, Southern Finland, Finland
- Relevant deals: 1
- Stages: Series A, Series B, Series C
- Focus: Information Technology, Software, Transportation

NordicNinja VC invests in startups in the Nordic-Baltic region.

## Bachmaier Invest GmbH
- Type: VC Fund
- Location: Grünwald, Bayern, Germany
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Software, Construction, Infrastructure

Bachmaier Invest GmbH is an investment firm.

## Dawn Capital
- Type: VC Fund
- Location: London, England, United Kingdom
- Relevant deals: 1
- Stages: Series A, Series B, Series C
- Focus: Software, SaaS, Information Technology

We are a family of investors, entrepreneurs, strategists and operational specialists, drawn together by our passion for helping B2B founders build category-defining companies.

## Nordic Angel Program
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed
- Focus: Apps, Software, Analytics

International training and investment program for business angels

## Seed Fund Vera Ltd
- Type: VC Fund
- Location: Kuopio, Eastern Finland, Finland
- Relevant deals: 1
- Stages: Seed
- Focus: Electronics, Enterprise Software, Consumer Electronics

Seed Fund Vera Ltd is an evergreen fund specializing in investments in seed and start up stage. The fund seeks to invest in companies in technology enterprises, technology-intensive or innovative service enterprises.

## Poland Prize Program
- Type: VC Fund
- Relevant deals: 1
- Stages: Grant, Pre-Seed
- Focus: Enterprise Software, CAD, Developer APIs

Poland goverment program to support startups

## Kedar Dani
- Type: Angel
- Location: London, England, United Kingdom
- Relevant deals: 1
- Stages: Seed
- Focus: Software, Machine Learning, Enterprise Software

Kedar Dani, UiPath.

## Swisscom Ventures
- Type: VC Fund
- Location: Zürich, Zurich, Switzerland
- Relevant deals: 1
- Stages: Series B, Series A
- Focus: Software, SaaS, Information Technology

Swisscom Ventures is an venture capital arm of Swisscom AG, that specializes in early stage tech investments founded in 2007.Swisscom Ventures invests in growth companies with emerging business models and technologies of strategic relevance to Swisscom's core business. As a value-add investor, Swisscom brings its investees the technicalexpertise and strategic insights of an incumbent telecom operator. We act as a bridge to Swisscom's operational business units, which portfolio companies can also leverage as a test environment for their products and services.Swisscom Ventures seeks minority stakes in companies related to the information/communications/entertainment space.

## Runa Capital
- Type: VC Fund
- Location: Palo Alto, California, United States
- Relevant deals: 1
- Stages: Series A, Seed, Series B
- Focus: Software, SaaS, Financial Services

Runa Capital is a global venture capital firm built by serial entrepreneurs that invests in early-stage software startups around the world...

## Nexit Ventures
- Type: VC Fund
- Location: Helsinki, Southern Finland, Finland
- Relevant deals: 1

Venture Capital focused on digital disruption. Home bases in the Nordic countries and Silicon Valley. Investing in disruptive and scalable Nordic companies.

## Aboa Venture Management
- Type: VC Fund
- Location: Turku, Western Finland, Finland
- Relevant deals: 1
- Stages: Seed
- Focus: Software, Hardware, Web Apps

Aboa Venture Management Oy is a venture capital company in Southwest Finland concentrating in small and medium sized enterprises.

## Verdane
- Type: VC Fund
- Location: Oslo, Oslo, Norway
- Relevant deals: 1
- Stages: Private Equity, Series A
- Focus: E-Commerce, Software, Information Technology

The preferred growth partner to tech-enabled businesses in Northern Europe.

## Icebreaker.vc
- Type: VC Fund
- Location: Helsinki, Southern Finland, Finland
- Relevant deals: 1
- Stages: Pre-Seed, Seed, Series A
- Focus: Software, Information Technology, Artificial Intelligence

Founded in 2016, Icebreaker has invested in over 50 fast-growing tech startups built by domain expert founders from companies like Rovio, Nordea, Pipedrive, Eniram, IBM and BCG. In addition to the fund, Icebreaker also runs a community of more than 1000 founders and pre-founders with 5+ years of relevant industry experience and the will to start,build or join strong tech companies.With the initial ticket sizes of €150k - 800K Icebreaker provides enough funding for companies to get to a position of strength and avoid post-accelerator limbo without having to resort to disreputable sources of capital and unfriendly deal terms.

## Conor Venture Partners
- Type: VC Fund
- Location: Espoo, Southern Finland, Finland
- Relevant deals: 1
- Stages: Series A, Series B, Seed
- Focus: Software, Analytics, Semiconductor

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.

## Nordic Venture Partners (Sweden)
- Type: VC Fund
- Location: Copenhagen, Hovedstaden, Denmark
- Relevant deals: 1
- Stages: Series A, Series B
- Focus: Software, Information Technology, Gaming

Nordic Venture Partners (Sweden) is a venture capital firm with a portfolio of investments in the Information and Communications Technology.

## California Technology Ventures
- Type: VC Fund
- Location: Pasadena, California, United States
- Relevant deals: 1
- Stages: Series A, Series B, Series C
- Focus: Medical Device, Health Care, Biotechnology

California Technology Ventures, LLC (CTV) is a venture capital fund that makes direct investments in technology and life science companies. CTV has built a strong reputation for its entrepreneurial approach to investing and working with companies. Unlike many investment funds, CTV can invest the smaller amounts required by early-stagecompanies, as well as larger investments for later-stage expansion. Initial investments typically range from $250,000 to $2 million, with up to $5 million over the life of the investment. CTV participates in seed/start-up companies, first and second round investments, and later stage investments.CTV invests primarily in companies engaged in the following industries:Information & Communications Technology, such as computer hardware, telecommunications, electronics, semiconductors, software and systems, multi-media, and Internet;Life Sciences, such as bio-pharmaceuticals and medical devices;When considering funding a company, CTV looks for:Experienced and capable management;Unique, "must-have" or proprietary products or services that meet a pressing need;The opportunity to create a leadership position in a large and growing industry;A compelling business model with clearly-defined milestones to reach profitability;A defensible and sustainable competitive position.

## CapMan
- Type: VC Fund
- Location: Helsinki, Southern Finland, Finland
- Relevant deals: 1
- Stages: Private Equity, Series B
- Focus: Software, Information Technology, Manufacturing

CapMan is a leading Nordic private assets management and investment company. They have built value in unlisted businesses, real estate and infrastructure for 30 years. They serve investors in the private assets class on a broad scale. Their roots are Nordic but their handprint and their networks are international.At CapMan, they build betterorganised, managed, and financially stable companies, because this contributes to overall economic well-being. More jobs and innovations equal better conditions for the society. Similarly, they invest in real estate and infrastructure, because they believe that functional high-quality environments and utilities are cornerstones for functioning societies.

## Butterfly Ventures
- Type: VC Fund
- Location: Oulu, Oulu, Finland
- Relevant deals: 1
- Stages: Seed, Pre-Seed
- Focus: Health Care, Software, Information Technology

Butterfly Ventures is a seed-stage focused VC in the Nordics, investing in deep tech, hardware, and hardware interfacing software. The company prefers to get involved with companies early on; 80% of Butterfly Ventures portfolio companies don't have any revenue at the time of their entry. Butterfly Ventures was founded in 2012 and ever sincethen it has been one of the most active early stage VCs in the region. The company has offices in Oulu, Helsinki and Stockholm.

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