# Top 50 Gaming Startup Investors in Finland in May 2026 ## Lifeline Ventures - Type: VC Fund - Location: Helsinki, Southern Finland, Finland - Relevant deals: 12 - 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. ## Play Ventures - Type: VC Fund - Location: Grand Cayman, Midland, Cayman Islands - Relevant deals: 10 - Stages: Seed, Pre-Seed - Focus: Gaming, Video Games, Blockchain Play Ventures is a venture funding that invests globally in games and game services startups. ## Sisu Game Ventures - Type: VC Fund - Location: Helsinki, Southern Finland, Finland - Relevant deals: 10 - Stages: Seed, Series A - Focus: Gaming, Video Games, Virtual Reality Sisu Game Ventures is an early-stage venture capital fund focused 100% on games. We set up shop in 2014 to support the most promising founders in the industry. Sisu has deep roots in the Nordic region, but our network of founders is fully global.The Sisu team consists of Samuli, Paul, Erik, Kalle, Moaffak, Kadri, and Jere - all of whom haveextensive backgrounds in the game industry and startup circles, both as entrepreneurs and investors. We've founded and built sixteen game companies since the early 90s and had several successful exits. Apart from funding companies, the team uses their expertise to act as a studio builder. Individual founders are supported in building their team, honing their product strategy and in gathering the right group of investors. ## Initial Capital - Type: VC Fund - Location: London, England, United Kingdom - Relevant deals: 8 - Stages: Seed, Series A - Focus: Gaming, Mobile, Software Initial Capital is an investor in seed and early-stage technology companies with a focus on games, consumer services & technology enablers. ## LVP - Type: VC Fund - Location: London, England, United Kingdom - Relevant deals: 7 - Stages: Seed, Series A - Focus: Gaming, Video Games, Mobile LVP is a venture capital seed fund with a difference - they're operating experts in the games sector, and they only ever invest in the games ecosystem. That means they bring real experience and deep understanding. They speak the same language, share the same references, understand the same challenges - and they believe in the same vision.They know instinctively where the opportunities lie; where there are strengths to be harnessed and exposures to be covered. In fine-grain, no-hiding, straight-talking detail. They know when to bide time, when to iterate and when to go wide. And how.They invest in people. That means founders with the potential to build the best in the world; teams with terrific, creative games development skills, or fantastic ideas for revolutionary games technology or services… and a vision that sets them apart. ## First Fellow Partners - Type: VC Fund - Location: Helsinki, Southern Finland, Finland - Relevant deals: 7 - 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. ## Ilkka Paananen - Type: Angel - Location: Helsinki, Southern Finland, Finland - Relevant deals: 7 - Stages: Seed, Series A, Series B - Focus: Software, E-Commerce, FinTech Ilkka Paananen, is the CEO and co-founder of Supercell, the Helsinki-based mobile games developer behind Clash of Clans, Hay Day, Boom Beach, Clash Royale and Brawl Stars. Since its founding in 2010, Supercell's five games have amassed 100m daily players and remain in the global top 10 years after launch. In June 2016, Supercell became thefirst European technology start-up to reach a valuation of $10 billion.In addition to his role at Supercell, Ilkka helps other entrepreneurs as both an investor and as an active member of the Nordic startup community where he mentors and coaches other founders. Alongside his co-founder Mikko Kodisoja, he has established the We Foundation to fight social inequality and help disadvantaged children in Finland.Prior to founding Supercell, he was the CEO & co-founder of Finnish games developer Sumea, which was later acquired by Digital Chocolate, where he worked as President until 2010. Ilkka holds a Master of Science degree from the Helsinki University of Technology. ## Supercell - Type: VC Fund - Location: Helsinki, Southern Finland, Finland - Relevant deals: 6 - Stages: Seed, Corporate Round - Focus: Gaming, Video Games, PC Games Visit Supercell.com and find out more about us and our games. ## Visionplus - Type: VC Fund - Location: Helsinki, Southern Finland, Finland - Relevant deals: 6 - Stages: Seed, Series A - Focus: Software, Information Technology, Internet WE HELP YOU TO GROW FASTER! ## PROfounders Capital - Type: VC Fund - Location: London, England, United Kingdom - Relevant deals: 6 - Stages: Seed, Series A, Series B - Focus: Software, Apps, Travel We are PROfounders. We are the proactive European early-stage venture fund. ## Inventure - Type: VC Fund - Location: Helsinki, Southern Finland, Finland - Relevant deals: 6 - 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. ## Butterfly Ventures - Type: VC Fund - Location: Oulu, Oulu, Finland - Relevant deals: 4 - 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. ## David Helgason - Type: Angel - Location: Copenhagen, Hovedstaden, Denmark - Relevant deals: 4 - Stages: Seed, Pre-Seed - Focus: Software, Gaming, Information Technology David is a technologist, the founder of Unity Technologies, non-exec director to others, and a restless entrepreneur with a passion for creating feedback loops between innovation and teams and products, applying new and old business models to changing industries, and pushing people to do the very best they can do.David's background is inprogramming, an assortment of university dabbling, creating companies, and helping entrepreneurs. He served as CEO of Unity Technologies since co-founding it in 2003 and until October 2014, with an unflinching vision to democratize game development, and to develop technology and business models for the next phase of the games industry. David Helgason attended the University of Copenhagen. ## Creandum - Type: VC Fund - Location: Stockholm, Stockholms Lan, Sweden - Relevant deals: 4 - Stages: Series A, Seed, Series B - Focus: Software, Information Technology, Mobile We support early-stage founders in building global, category-defining companies. From Seed to IPO and beyond. ## Illusian Family Office - Type: VC Fund - Location: Helsinki, Southern Finland, Finland - Relevant deals: 4 - Stages: Seed, Series A, Series B - Focus: Software, Information Technology, Artificial Intelligence Illusian is a Family Office founded in 2014 by Ilkka Paananen, entrepreneur, investor, co-founder and CEO of Supercell, the global leader in mobile games. They support founders and makers who shape society through technology and create impact at scale. Their mission is to unleash the potential of European entrepreneurship to solve the world’sbiggest problems. Illusian's activities consist of three pillars: investing, philanthropy, and family services. They often partner with leading venture capital funds to help bring their vision to life. ## Ali Omar - Type: Angel - Location: Helsinki, Southern Finland, Finland - Relevant deals: 4 - 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. ## Reaktor Ventures - Type: VC Fund - Location: Helsinki, Southern Finland, Finland - Relevant deals: 4 - 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. ## Galaxy Interactive - Type: VC Fund - Location: New York, New York, United States - Relevant deals: 3 - Stages: Seed, Series A, Series B - Focus: Gaming, Blockchain, Video Games Play the Future. Galaxy Interactive is a leading sector-focused VC investing in interactive entertainment, at the intersection of content, social, finance and technology. ## 5Y Capital - Type: VC Fund - Location: Xuhui, Shanghai, China - Relevant deals: 3 - Stages: Series A, Series B, Series C - Focus: Artificial Intelligence, Software, Biotechnology 5Y Capital is a firm engaged in providing early-stage venture investments. It was formerly known as Morningside Venture Capital.The investment firm manages USD 5bn in dual-currency funds in USD and RMB, backed by world-renowned sovereign wealth funds, family offices, fund of funds, university endowments, pensions, and foundations.It washeadquartered in Xuhui, Shanghai, China in 2008 by Ken Shi and Richard Liu. ## Maki.vc - Type: VC Fund - Location: Helsinki, Southern Finland, Finland - Relevant deals: 3 - 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. ## Laurel Bowden - Type: Angel - Location: London, England, United Kingdom - Relevant deals: 3 - Stages: Series C, Series B, Series D - Focus: Software, SaaS, E-Commerce Laurel is a General Partner at 83North (formerly Greylock IL), which she joined in 2008. Her areas of focus include: software, internet and fintech. Laurel has led investments in many leading European companies, including Just Eat (LSE: JE), Qliktech (NASDAQ: QLIK) and Hybris (acquired by SAP).Her current company boards and investmentsinclude Workable, Mirakl, NotontheHighStreet, Wonga, Wandera, iZettle, BlueVine, Ebury and Investec PLC & Ltd.Laurel was previously at GE and JVP. She holds a BS in Electrical Engineering from the University of Cape Town and an MBA from INSEAD. ## Spintop Ventures - Type: VC Fund - Location: Stockholm, Stockholms Lan, Sweden - Relevant deals: 3 - Stages: Seed, Series A - Focus: Software, Information Technology, SaaS Founded in 2009, Spintop Ventures is a venture capital firm backed by a network of successful tech entrepreneurs who have invested in Spintop alongside institutional investors, family offices and some of the most experienced private investors in early stage growth companies. ## Xiaomi - Type: VC Fund - Location: Beijing, Beijing, China - Relevant deals: 3 - Stages: Series A, Series B, Series C - Focus: Manufacturing, Software, Hardware Play to win vouchers and get up to 50% discounts! ## 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. ## Makers Fund - Type: VC Fund - Relevant deals: 3 - Stages: Seed, Series A, Series B - Focus: Gaming, Video Games, Online Games Makers Fund is a global interactive entertainment venture capital firm focused on early stage investments. The team supports founders through an extensive network and deep experience in the industry. ## GSV Ventures - Type: VC Fund - Location: San Francisco, California, United States - Relevant deals: 3 - Stages: Seed, Series A, Series B - Focus: Education, EdTech, E-Learning GSV Ventures is an early-stage venture fund that partners with exceptional entrepreneurs and their companies in the $75 billion learning and talent technology sector. The mission of GSV Ventures is to back innovative learning and talent technology entrepreneurs working to give all people access to the future. ## Index Ventures - Type: VC Fund - Location: San Francisco, California, United States - Relevant deals: 3 - Stages: Series A, Series B, Seed - Focus: Software, E-Commerce, Internet Index Ventures is an international venture capital firm with dual headquarters in San Francisco and London, investing in technology-enabled companies with a focus on e-commerce, fintech, mobility, gaming, infrastructure/AI, and security. ## Brighteye Ventures - Type: VC Fund - Location: Paris, Ile-de-France, France - Relevant deals: 3 - Stages: Seed, Series A, Pre-Seed - Focus: Education, E-Learning, Software Brighteye Ventures is the first and largest vertical EdTech Venture Capital firm in Europe. If you are an entrepreneur using technology to reinvent learning and education, we want to hear from you! ## Innovestor - Type: VC Fund - Location: Helsinki, Southern Finland, Finland - Relevant deals: 3 - Stages: Seed, Series A - Focus: Software, Health Care, Manufacturing Welcome to Innovestor! We are a Finnish investment company focusing on venture capital, corporate venturing services, and real estate. ## Henric Suuronen - Type: Angel - Relevant deals: 3 - Stages: Seed, Pre-Seed, Series A - Focus: Gaming, Video Games, Mobile Apps Founding Partner of Play Ventures. He previously co-founded Nonstop Games which was acquired by King for US$32m+ earnout.Henric has over 16 years of experience building mobile games and studios around the world. Before co-founding Nonstop Games in Singapore, Henric was Product Management Director at Digital Chocolate (Helsinki and Barcelona) andHead of Studio at Wooga (Berlin). After King’s acquisition of Nonstop Games, Henric served as Senior Creative Director at King.Henric also has a successful portfolio of angel investments in gaming including Huuuge Games, Futureplay Games, Traplight Games, Matchmade, Omniata (acquired by King), DataTiger (acquired by Apple) and Astralis Group (IPO on Nasdaq). In total, his investments have raised >$125M of venture financing and made 5 exits + 1 IPO. Henric is based in Singapore and frequently travels to the main gaming hubs in Europe and the US. He holds double masters’ degrees in Computer Science and Business. ## Risto Siilasmaa - Type: Angel - Location: Helsinki, Southern Finland, Finland - Relevant deals: 3 - Stages: Seed, Pre-Seed, Series A - Focus: Software, SaaS, E-Commerce Risto Siilasmaa is the Founder at F-Secure. Risto Siilasmaa attended Aalto University. ## IPR.VC - Type: VC Fund - Location: Helsinki, Southern Finland, Finland - Relevant deals: 3 - Stages: Seed - Focus: Gaming, Mobile Apps, Video Games IPR.VC is a private equity investor focused on media and entertainment content. IPR.VC invests in collaboration with international distribution companies. ## NetEase Capital - Type: VC Fund - Location: Beijing, Beijing, China - Relevant deals: 2 - Stages: Series A, Series B - Focus: Video Games, Gaming, PC Games NetEase Capital is the venture arm of NetEase and looks at early-stage VC investments in the technology sector around the world. The group, with a mandate to invest $500 million USD globally, has led venture investments throughout Asia and North America.NetEase is a leading Chinese Internet company listed on the Nasdaq with a marketcapitalization of over $10 billion, and a cash balance over $3 billion. The company has products including a top email service with over 700 million registered users, a top information and entertainment portal, mobile apps with hundreds of millions of downloads, and a top game platform in China. ## Veli-Pekka Saarnivaara - Type: Angel - Relevant deals: 2 - Stages: Seed - Focus: Gaming, Software, 3D Printing Veli-Pekka Saarnivaara ## Crowberry Capital - Type: VC Fund - Location: Reykjavík, Gullbringusysla, Iceland - Relevant deals: 2 - Stages: Seed, Pre-Seed, Series A - Focus: Software, Gaming, Information Technology Crowberry Capital invests at seed and early stage in emerging technology ventures in the Nordics. Our mission is to back people that are good for companies and build companies that are good for people. We have a strong follow-through philosophy and commit to putting your company first. ## Glyn Eggar - Type: Angel - Relevant deals: 2 - Stages: Seed - Focus: Gaming, Software, 3D Printing Glyn Eggar ## BAI capital - Type: VC Fund - Location: Beijing, Beijing, China - Relevant deals: 2 - Stages: Series A, Series B, Series C - Focus: Internet, Software, Financial Services BAI Capital is a leading venture capital fund in China. Since 2008, the team of BAI Capital has invested in more than 200 portfolios, including 17+ IPOs and 40+ unicorns. BAI Capital has two main focuses: China-based global companies and China’s structural transformation. BAI Capital seeks to partner with and empower outstanding Chinese companiesand entrepreneurs that can leverage the multiplier effect of China’s technology, talent, and supply chain advantages and to expand globally in consumer retail and services, fintech, media and content innovation, Web3 and metaverse. On the other hand, at the turning point of China’s structural transformation, the fund will also seize major cross-cycle disruption opportunities in frontier and infra tech, electric vehicles and autonomous driving, and industrial upgrade driven by enterprise software development.The investor base for BAI Capital includes institutional investors such as sovereign wealth funds, large insurance companies, internet giants and fund of funds globally, as well as Bertelsmann. BAI Capital has its background from Bertelsmann Asia Investments, part of the Bertelsmann Group. ## EOS VC Fund - Type: VC Fund - Location: New York, New York, United States - Relevant deals: 2 - Stages: Grant, Seed, Series A - Focus: Blockchain, Software, Gaming Galaxy Digital is a NYC-based multi-strategy investment firm focused on digital assets and blockchain technology. ## Finnvera Venture Capital - Type: VC Fund - Location: Kuopio, Eastern Finland, Finland - Relevant deals: 2 - 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. ## Anton Gauffin - Type: Angel - Location: Berlin, Berlin, Germany - Relevant deals: 2 - Stages: Seed, Pre-Seed, Series B - Focus: Gaming, Video Games, Mobile Apps Anton Gauffin is the Founder of Sumoing. ## Tesi - Type: VC Fund - Location: Helsinki, Southern Finland, Finland - Relevant deals: 2 - 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 ## General Catalyst - Type: VC Fund - Location: Cambridge, Massachusetts, United States - Relevant deals: 2 - Stages: Series A, Series B, Seed - Focus: Software, Health Care, Internet Investing in powerful, positive change that endures ## Kowloon Nights - Type: VC Fund - Location: Hong Kong, Hong Kong Island, Hong Kong - Relevant deals: 2 - Focus: Gaming, Video Games Kowloon Nights is a video game fund dedicated to independent developers globally. ## Alfabeat - Type: VC Fund - Location: Gdansk, Pomorskie, Poland - Relevant deals: 2 - Stages: Seed, Series A, Pre-Seed - Focus: Software, Marketing, Internet Welcome to Alfabeat, a specialist seed and early stage venture capital fundfocused on Enterprise SaaS companies from Central and Eastern Europe,backed by successful enterprise software founders. ## Heartcore Capital - Type: VC Fund - Location: Copenhagen, Hovedstaden, Denmark - Relevant deals: 2 - Stages: Series A, Seed, Series B - Focus: Software, E-Commerce, Artificial Intelligence Heartcore Capital is an early-stage venture capital firm devoted to backing founders building category-defining consumer internet brands.Founded as Sunstone Capital in 2007, Heartcore has raised over $500 million in committed capital across four fund generations. The firm has offices in Copenhagen, Berlin, and Paris but invests across Europe andoccasionally in the United States. Heartcore has backed more than 70 exceptional founding teams. ## Jari Ovaskainen - Type: Angel - Location: Tampere, Western Finland, Finland - Relevant deals: 2 - Stages: Seed, Series A, Series B - Focus: Mobile, Internet of Things, PC Games Jari Ovaskainen - Business Development Director @ Modulight ## Paul Heydon - Type: Angel - Location: London, England, United Kingdom - Relevant deals: 2 - Stages: Seed, Series A, Pre-Seed - Focus: Software, Gaming, Mobile Apps 30 years as a founder, operator, investor, and advisor. Previously Paul was a Co-Founder and General Partner at LVP. Paul has invested in Supercell (majority acquired by Tencent), Unity (NYSE:U), Matchmade, Radiant Entertainment (acquired by Riot Games), Boomlagoon (acquired by Wargaming), Peak (acquired by Hachette Livre), AppOnboard, FRVR,Starform, Gameclub, Coherence, Lucid Sight, Doppio Games, Capture, Flick, EvenPrime, Tellie & Litho and others. Previously, he was an investment banker at Avista Partners, Commerzbank Securities & ING Barings. He has both a HBA & MBA from the Richard Ivey School of Business at University of Western Ontario in Canada. ## Joakim Achren - Type: Angel - Relevant deals: 2 - Stages: Seed, Pre-Seed, Series A - Focus: Gaming, Mobile, MMO Games Joakim Achren is Co Founder at Next Games. Previously, he has worked as Director of Analytics at Supercell. ## Nordic Foodtech VC - Type: VC Fund - Location: Helsinki, Southern Finland, Finland - Relevant deals: 2 - Stages: Seed - Focus: Biotechnology, Seafood, Life Science We are investing in #FutureFood. Nordic FoodTech VC is the first fund in the Nordics investing explicitly in the future of food ## BACKED VC - Type: VC Fund - Location: London, England, United Kingdom - Relevant deals: 2 - Stages: Seed, Series A - Focus: Software, Enterprise Software, Blockchain BACKED is the human-centric venture capital fund. We invest in exceptional founders at Seed in Europe. Welcome to Different. # About Shizune Shizune.co is an investor database. Core features: - 48,091 startup investors (angels, VCs, accelerators, and others) - Email, phone, LinkedIn (for intros), socials, and other contact data - Updated daily from public funding news - CSV and Excel export The User can access the full database FOR FREE after signing up: shizune.co