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Top 50 Health Care VC Funds & Investors in Finland (May 2026)

The most active venture capital funds investing in Finland Health Care startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Finland Health Care startup companies. Find investors to raise a Seed, Series A or Series B round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Butterfly Ventures
VC Fund
18 Finland, Sweden, Norway Seed, Pre-Seed Health Care, Software, Information Technology $214k–$2M
Lifeline Ventures
VC Fund
17 Finland, United States, United Kingdom Seed, Series A Software, Health Care, E-Commerce $429k–$20M
Finnvera Venture Capital
VC Fund
15 Finland, United States, Switzerland Seed, Series A Software, Health Care, Information Technology $250k–$21M
Tesi
VC Fund
15 Finland, United States, Argentina Series A, Series B Software, Manufacturing, Health Care $1.8M–$20M
Icebreaker.vc
VC Fund
11 Finland, Estonia, Sweden Pre-Seed, Seed, Series A Software, Information Technology, Artificial Intelligence $54k–$16M
Innovestor
VC Fund
10 Finland, Denmark, Sweden Seed, Series A Software, Health Care, Manufacturing $482k–$4.3M
Voima Ventures
VC Fund
10 Finland, Norway, Sweden Seed, Pre-Seed Biotechnology, Health Care, Software $429k–$3.2M
Business Finland
VC Fund
9 Finland, United States, United Kingdom Seed, Grant Software, Information Technology, SaaS $36k–$3.2M
Inventure
VC Fund
7 Finland, Sweden, Denmark Seed, Series A Software, Information Technology, Health Care $482k–$12M
Reaktor Ventures
VC Fund
6 Finland, Germany, United States Seed, Pre-Seed, Series A Software, Internet, Health Care $129k–$6.4M
Visionplus
VC Fund
5 Finland, United States, United Kingdom Seed, Series A Software, Information Technology, Internet $75k–$1.1M
Nidoco
VC Fund
4 Finland, Sweden, Estonia Seed, Series B Health Care, Software, Artificial Intelligence $675k–$2.7M
VTT Ventures
VC Fund
4 Finland Seed, Series A Manufacturing, Biotechnology, 3D Technology $460k–$1.8M
Oy Hammaren & Co Ab
VC Fund
4 Finland Angel, Series A Health Care, Wellness, GreenTech
Springvest
VC Fund
4 Finland Series A Biotechnology, Health Care, Energy
M Ventures
VC Fund
3 United States, Switzerland, United Kingdom Series A, Series B, Seed Biotechnology, Health Care, Therapeutics $2.1M–$67M
First Fellow Partners
VC Fund
3 Finland, United States, Estonia Seed, Series A Software, SaaS, Enterprise Software $375k–$33M
Cor Group
VC Fund
3 Finland Seed, Pre-Seed, Series A Health Care, Medical, Biotechnology
Sitra
VC Fund
3 Finland, The Netherlands Series A, Series C Health Care, Biotechnology, Therapeutics
Capricorn Partners
VC Fund
2 Belgium, United States, The Netherlands Series B, Series A Biotechnology, Health Care, Software $1.6M–$41M
Karolinska
VC Fund
2 Sweden, Denmark, United States Seed, Series A Biotechnology, Health Care, Pharmaceutical $1.3M–$73M
Gorilla Capital
VC Fund
2 Finland, Estonia, Sweden Pre-Seed, Seed, Series A Software, Information Technology, SaaS $150k–$680k
Conor Venture Partners
VC Fund
2 Finland, United States, Sweden Series A, Series B, Seed Software, Analytics, Semiconductor $1.1M–$15M
HealthCap
VC Fund
2 United States, Sweden, France Series B, Series A Biotechnology, Health Care, Medical $5.5M–$55M
Athensmed
VC Fund
2 Finland Seed, Series A Health Care, Medical, mHealth
Metsola Ventures
VC Fund
2 Finland Series A Medical, mHealth, Health Care
Superhero Capital
VC Fund
2 Finland, Estonia, Lithuania Seed, Pre-Seed, Series A Software, Information Technology, Internet $161k–$4.1M
Novartis Venture Fund
VC Fund
2 United States, Switzerland, United Kingdom Series B, Series A, Series C Biotechnology, Health Care, Therapeutics $4.8M–$80M
European Investment Bank
VC Fund
2 France, Germany, Ireland Debt Financing, Post-IPO Debt Biotechnology, Health Care, Software $6.4M–$536M
Pontos Group
VC Fund
2 Finland Genetics, Hospital, Automotive
Novo Holdings
VC Fund
2 United States, Denmark, United Kingdom Series A, Series B, Series C Biotechnology, Health Care, Medical $6.5M–$125M
EQT life science
VC Fund
2 United States, The Netherlands, Switzerland Series A, Series B, Series C Biotechnology, Health Care, Therapeutics $5.4M–$70M
Nina Capital
VC Fund
2 United States, United Kingdom, Austria Seed, Pre-Seed, Series A Health Care, Artificial Intelligence, Medical $573k–$21M
Broadview Ventures
VC Fund
2 United States, Israel, Denmark Series A, Seed, Debt Financing Health Care, Biotechnology, Medical Device $750k–$11M
Maki.vc
VC Fund
2 Finland, Germany, United Kingdom Seed, Series A Software, SaaS, E-Commerce $750k–$12M
Sofinnova Partners
VC Fund
2 France, United States, United Kingdom Series A, Series B, Series C Biotechnology, Health Care, Medical $4.4M–$57M
Vesalius Biocapital Partners
VC Fund
2 Belgium, Germany, The Netherlands Series B, Series A, Series C Biotechnology, Health Care, Medical $3.8M–$100M
Cascara Ventures
VC Fund
1 Germany, Finland, The Netherlands Series A, Seed, Series B Medical, Health Care, Biotechnology
Zhejiang Huahai Pharmaceutical
VC Fund
1 China Series A Biotechnology, Medical Device, Pharmaceutical
Takoa Invest
VC Fund
1 Finland, Israel Seed, Series B, Series C Biotechnology, Mobile, Retail $471k–$1.3M
Inveni Capital
VC Fund
1 Finland, United Kingdom Medical, Health Care, Biotechnology
High-Tech Grunderfonds
VC Fund
1 Germany, Switzerland, United States Seed, Series A Software, Information Technology, Biotechnology $665k–$16M
Bold Capital Partners
VC Fund
1 United States, Hong Kong, Canada Series A, Seed, Series B Health Care, Software, Biotechnology $2M–$50M
IPF Partners
VC Fund
1 Finland, United States, United Kingdom Series B, Series C Health Care, Medical, Hospital
Spintop Ventures
VC Fund
1 Sweden, Finland, Denmark Seed, Series A Software, Information Technology, SaaS $643k–$11M
Emerald Technology Ventures
VC Fund
1 United States, Germany, Canada Series B, Series A Manufacturing, Energy, Software $5.1M–$17M
Way to Wellville
VC Fund
1 United States, Finland Series B, Series A Software, Health Care, Medical $12M–$14M
Gerresheimer Glas
VC Fund
1 Finland Seed Health Care, Medical Device
Volvo Cars
VC Fund
1
Heraeus
VC Fund
1 Germany, Finland, Switzerland Seed, Series A Biotechnology, Manufacturing, Therapeutics
Access all 120 VC funds in Finland Health Care startups.

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Investor list

Butterfly Ventures
VC Fund · Oulu, Oulu, Finland · 18 investments in Finland Health Care startups

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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Investment focus

  • Industry: Health Care, Software, Information Technology
  • Stage:Seed, Pre-Seed
  • Geography: Finland, Sweden, Norway

Investor stats

  • Total investments: 69
  • Round size: Seed $214k–$2M
  • Lead/follow: 41% lead, 59% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Reactional Music — GESTRUMENT is the revolutionary gesture based instrument.
  • EmbeDL — Efficient Deep Learning for Embedded Systems
  • Retein — Aquammodate is a greentech company that produces highly pure water at minimum energy cost.
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Lifeline Ventures
VC Fund · Helsinki, Southern Finland, Finland · 17 investments in Finland Health Care startups, 9 in the past 12 months

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.

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Investment focus

  • Industry: Software, Health Care, E-Commerce
  • Stage:Seed, Series A
  • Geography: Finland, United States, United Kingdom

Investor stats

  • Total investments: 143
  • Round size: Seed $429k–$4M; Series A $2.2M–$20M
  • Lead/follow: 37% lead, 63% follow
  • Last fund: May invest from a new fund soon — raised $139M in 2019

Portfolio highlights

  • Metroc — Creating sales and marketing solutions for the construction & real-estate industry.
  • Measurlabs — We provide testing services for any material, product, or chemical, helping product developers and quality managers get the information they need about their products.
  • Steady Energy — Steady Energy aims to decarbonize the energy-intensive heating industry starting with residential and district heating.
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Finnvera Venture Capital
VC Fund · Kuopio, Eastern Finland, Finland · 15 investments in Finland Health Care startups

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.

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Investment focus

  • Industry: Software, Health Care, Information Technology
  • Stage:Seed, Series A
  • Geography: Finland, United States, Switzerland

Investor stats

  • Total investments: 85
  • Round size: Seed $250k–$1.4M; Series A $1.7M–$21M
  • Lead/follow: 13% lead, 87% follow

Portfolio highlights

  • Enfuce — Enfuce is a cloud-based financial services provider that specializes in card issuing and payment processing services. It helps banks, fintech, and financial institutions become and remain fully PSD2 compliant, and helps them give third-party service providers access to digital accounts.The company was founded in 2016 and is headquartered inEspoo, Finland.
  • Nordcloud — Nordcloud is a European leader in public cloud infrastructure solutions and cloud-native application services. Since 2011 we have completed more than 500 deployments to help our enterprise customers gain the maximum benefits of the cloud, including security, agility, scalability and overall cost-savings.
  • Aurealis Pharma — Multi-target cell and gene therapies for unmet medical needs. Developing therapies for chronic wounds, cancer and inflammatory diseases.
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Tesi
VC Fund · Helsinki, Southern Finland, Finland · 15 investments in Finland Health Care startups, 10 in the past 12 months

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

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Investment focus

  • Industry: Software, Manufacturing, Health Care
  • Stage:Series A, Series B
  • Geography: Finland, United States, Argentina

Investor stats

  • Total investments: 123
  • Round size: Series A $1.8M–$8M; Series B $2.5M–$20M
  • Lead/follow: 16% lead, 84% follow
  • Last fund: May invest from a new fund soon — last raise in 2017

Portfolio highlights

  • Virta — The Virta platform for electric vehicle charging gives you an accelerated and cost-effective channel to launch, operate, and grow an EV charging business.
  • Measurlabs — We provide testing services for any material, product, or chemical, helping product developers and quality managers get the information they need about their products.
  • Algorithmiq — Algorithmiq utilizes its expertise in quantum information, complex systems, and computational physics to develop algorithms to develop new and effective drugs, solve problems in life sciences, and discover new materials.
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Icebreaker.vc
VC Fund · Helsinki, Southern Finland, Finland · 11 investments in Finland Health Care startups, 11 in the past 12 months

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.

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Pre-Seed, Seed, Series A
  • Geography: Finland, Estonia, Sweden

Investor stats

  • Total investments: 98
  • Round size: Seed $375k–$5.2M; Pre-Seed $54k–$857k; Series A $2.7M–$16M
  • Lead/follow: 58% lead, 42% follow
  • Last fund: May invest from a new fund soon — raised $21M in 2021

Portfolio highlights

  • Aibidia — Discover the Aibidia TXM Platform and our digital transfer pricing applications, eliminating billions of euros in tax inefficiencies and risks.
  • 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.
  • IPRally — Improve your invalidity, patentability and FTO searches. Easy-to-use patent search web application, powered by unique AI knowledge graph technology.
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Innovestor
VC Fund · Helsinki, Southern Finland, Finland · 10 investments in Finland Health Care startups

Welcome to Innovestor! We are a Finnish investment company focusing on venture capital, corporate venturing services, and real estate.

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Investment focus

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

Investor stats

  • Total investments: 49
  • Round size: Seed $482k–$4.3M; Series A $750k–$3.2M
  • Lead/follow: 76% lead, 24% follow
  • Last fund: May invest from a new fund soon — raised $32M in 2020

Portfolio highlights

  • SynergyXR — SynergyXR is a no-code, cloud platform that lets companies design, onboard, sell, and support across all XR devices without writing a single line of code
  • HVR Cardio — HVR Cardio Transformative Mitral Valve Repair Solutions The Future of Mitral Valve Repair Our mission is to develop solutions for mitral valve interventions that are faster, easier to use, and less invasive without compromising clinical efficacy. About HVR Cardio Utilization of new technologies and less...
  • Teitur Trophics — Teitur Trophics is a biotech company developing circular peptides for neurodegenerative diseases. The company was founded in 2020 and is headquartered in Aarhus, Denmark.
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Voima Ventures
VC Fund · Helsinki, Southern Finland, Finland · 10 investments in Finland Health Care startups, 9 in the past 12 months

Voima Ventures’ mission is to solve major global problems by combining science, entrepreneurship, and value adding capital. They shed light on the ideas and technology which require time and courage to build. Industry domains include bio and new materials, medical technologies and life sciences, imaging and optics, IoT and electronics, robotics,software & ICT and AI. In addition, Voima Ventures has invested in more than 30 deep tech startups, including companies like Solar Foods, Infinited Fiber Company, and Dispelix. Cornerstone investors are VTT Technical Research Centre of Finland and European Investment Fund (EIF), backed by Finnish private and institutional investors.

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Investment focus

  • Industry: Biotechnology, Health Care, Software
  • Stage:Seed, Pre-Seed
  • Geography: Finland, Norway, Sweden

Investor stats

  • Total investments: 31
  • Round size: Seed $750k–$3.2M; Pre-Seed $429k–$804k
  • Lead/follow: 55% lead, 45% follow
  • Last fund: Likely still investing — raised $96M in 2023

Portfolio highlights

  • ÄIO — Innovative food technologies to replace palm oil, coconut oil and animal fats with sustainable and healthier alternatives.
  • Alba Health — Discover your baby's gut health & microbiome for the best start in life.
  • Quantagonia — Advanced quantum algorithms, for your most important business problems, delivering breakthrough performance on today's high-performance computers, with seamless migration for later use on quantum computers.
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Business Finland
VC Fund · Helsinki, Southern Finland, Finland · 9 investments in Finland Health Care 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.
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Inventure
VC Fund · Helsinki, Southern Finland, Finland · 7 investments in Finland Health Care 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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Reaktor Ventures
VC Fund · Helsinki, Southern Finland, Finland · 6 investments in Finland Health Care startups

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.

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Investment focus

  • Industry: Software, Internet, Health Care
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Finland, Germany, United States

Investor stats

  • Total investments: 54
  • Round size: Seed $129k–$1.9M; Pre-Seed $161k–$1.8M; Series A $1.7M–$6.4M
  • Lead/follow: 13% lead, 87% follow

Portfolio highlights

  • Valpas — Valpas is the hygiene protocol that reassures your future guests and keeps your hotel clean from the most uncontrollable: bed bugs
  • Swappie — Buy refurbished iPhones at an affordable price - Swappie offers refurbished and cheap iPhones with a free 12-month Swappie warranty.
  • Videoly — The easiest way for online retailers to get hand-picked and automatically embedded product videos.
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Access 48,091 investors

822 industries, 177 countries. Updated daily. Emails and phones included.

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Visionplus
VC Fund · Helsinki, Southern Finland, Finland · 5 investments in Finland Health Care startups

WE HELP YOU TO GROW FASTER!

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Investment focus

  • Industry: Software, Information Technology, Internet
  • Stage:Seed, Series A
  • Geography: Finland, United States, United Kingdom

Investor stats

  • Total investments: 74
  • Round size: Seed $75k–$1.1M
  • Lead/follow: 16% lead, 84% follow

Portfolio highlights

  • Pebble — Pebble is a electric vehicle manufacturing startup.
  • Transfluent — Professional translations for all business needs. Fast. Easy.
  • BetterDoctor — BetterDoctor helps validate and deliver accurate provider data to health plans, health systems, and hundreds of other companies via its API — from startups to publicly traded ones. This ultimately helps achieve the mission of helping consumers find the healthcare they need.Today, BetterDoctor's data platform and APIs power 9 health plans,350 companies, 1,500 developers, helping millions of people find the right doctor each month. Health Plans BetterDoctor uses multi-modal outreach to drive providers to attest their information on BetterDoctor's online portal. API PartnersBetterDoctor brings transparency to doctor data. Their real-time platform, master database and API services enable everyone to add doctor data to their systems, websites and applications. Today, BetterDoctor API and data tools power health insurance companies, healthcare startups and doctor search tools. https://betterdoctor.com/developers
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Nidoco
VC Fund · Stockholm, Stockholms Lan, Sweden · 4 investments in Finland Health Care startups

Nidoco AB is a Swedish investment company whose strategy is to create long-term value through active ownership of public and private companies.

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Investment focus

  • Industry: Health Care, Software, Artificial Intelligence
  • Stage:Seed, Series B
  • Geography: Finland, Sweden, Estonia

Investor stats

  • Total investments: 14
  • Round size: Seed $675k–$2.7M
  • Lead/follow: 43% lead, 57% follow

Portfolio highlights

  • Spiral — Easily make a difference every day
  • Voltan Energy — Voltan Energy is a sustainable and affordable local heating and cooling solutions.
  • Skeleton Technologies — Skeleton Technologies is the global leader in ultracapacitor & supercapacitor energy storage and helps companies in automotive, transportation, grid, and industry to save energy.
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VTT Ventures
VC Fund · Espoo, Southern Finland, Finland · 4 investments in Finland Health Care startups

VTT is a powerhouse of technology development and scientific research. Many of the most significant Finnish technology start-ups were brought to life at VTT. Do you want to invest in ongoing ventures?

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Investment focus

  • Industry: Manufacturing, Biotechnology, 3D Technology
  • Stage:Seed, Series A
  • Geography: Finland

Investor stats

  • Total investments: 21
  • Round size: Seed $460k–$1.8M
  • Lead/follow: 14% lead, 86% follow

Portfolio highlights

  • Dispelix — See-through, full color waveguide combiners for a wide range of XR applications. From near-eye to head-up.
  • Quanturi Oy — Quanturi's robust wireless temperature monitoring systems are specifically designed for monitoring hay, compost, grain and many other fermentable materials during storage. Our systems decrease fire risks and ensure quality certification.
  • Solar Foods — The Finnish company Solar Foods Oy produces an entirely new kind of nutrient-rich protein using only air and electricity as the main resources. The goal of the company is to start commercial production of the environmentally revolutionary protein in 2020.Solar Foods’ concept redefines the basics of food production, as it is not dependent onagriculture, the weather, or the climate. The price of the protein product is also competitive compared to sources such as soy protein.
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Oy Hammaren & Co Ab
VC Fund · Finland, Minnesota, United States · 4 investments in Finland Health Care startups

Oy Hammaren & Co Ab provides financial services and insurance activities.

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Investment focus

  • Industry: Health Care, Wellness, GreenTech
  • Stage:Angel, Series A
  • Geography: Finland

Investor stats

  • Total investments: 4
  • Lead/follow: no public data

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.
  • Heltti — We are Heltti. A group of more than +160 experts of knowledge work. We help people and knowledge workplaces feel better.
  • NaturVention — Naava helps you to make safer and healthier indoor spaces - experience Naava green wall, a striking combination of nature and high-end technology.
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Springvest
VC Fund · 4 investments in Finland Health Care startups

Investment focus

  • Industry: Biotechnology, Health Care, Energy
  • Stage:Series A
  • Geography: Finland

Investor stats

  • Total investments: 7
  • Lead/follow: no public data

Portfolio highlights

  • Convion — Convion is a fuel cell system developer committed to commercializing solid oxide fuel cell systems in range of 50–300kW for distributed power generation. The company's products are designed for premium energy efficiency, reliability, and operational flexibility. Convion will provide its customers with sustainable power generation solutions forpower security, energy independence, and premium efficiency.Convion was founded 2012 and is based in Finland.
  • Mobidiag — Mobidiag is a commercial stage, fast-growing Finnish-French biotechnology company that develops and markets innovative molecular diagnostic solutions for gastrointestinal infections, antimicrobial resistance management, healthcare associated infections (HAIs), respiratory infections and sepsis. Based on well-established qPCR and microarraytechnologies, Mobidiag offers a broad range of tests and automated platforms. These include a comprehensive range of fast, reliable and cost-effective molecular diagnostic solutions for the detection of infectious diseases adapted to laboratories of all sizes. They allow detection of most clinically relevant bacteria, parasites, viruses and markers for antibiotic resistance.
  • Finbiosoft — Finbiosoft is a company focused in developing Validation Manager™ software service. Validation Manager is the perfect tool for clinical laboratories and diagnostic companies to digitalize, automate and standardize the time-consuming and error sensitive data handling of validations and verifications.
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M Ventures
VC Fund · Amsterdam, Noord-Holland, The Netherlands · 3 investments in Finland Health Care startups, 17 in the past 12 months

Merck Ventures is the strategic, corporate venture capital arm of Merck. Its mandate is to invest in innovative technologies and products with the potential to significantly impact Merck‘s core business areas. From its headquarters in Amsterdam and offices in the US and Israel we invest globally in transformational ideas driven by greatentrepreneurs. Merck Ventures takes an active role in its portfolio companies and teams up with entrepreneurs and co-investors to translate innovation towards commercial success. Merck Ventures has a significant focus on early-stage investing and company creation including the creation of spin-offs to leverage Merck‘s science and technology base.

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Investment focus

  • Industry: Biotechnology, Health Care, Therapeutics
  • Stage:Series A, Series B, Seed
  • Geography: United States, Switzerland, United Kingdom

Investor stats

  • Total investments: 118
  • Round size: Seed $2.1M–$18M; Series A $6M–$42M; Series B $9.5M–$67M
  • Lead/follow: 39% lead, 61% follow

Portfolio highlights

  • BeeOLED — BeeOLED’s technology enables OLED displays with significantly improved efficiency, brightness and operational stability at lower overall costs due to a less complex device structure.
  • Celestial AI — We develop audacious AI computing platforms that elevate performance, energy and economic efficiencies, enabling our customers to rapidly deploy innovations in their AI applications.
  • Lightcast Discovery — Flexible control over droplet number, occupancy, location and movement. Enabling efficient, multi-step workflows with unprecedented flexibility.
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First Fellow Partners
VC Fund · Helsinki, Southern Finland, Finland · 3 investments in Finland Health Care startups

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.

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Investment focus

  • Industry: Software, SaaS, Enterprise Software
  • Stage:Seed, Series A
  • Geography: Finland, United States, Estonia

Investor stats

  • Total investments: 60
  • Round size: Seed $375k–$7.8M; Series A $1.3M–$33M
  • Lead/follow: 23% lead, 77% follow

Portfolio highlights

  • Paebbl — The modular technology from Paebbl may be included in any carbon capture system and is industrially scalable. As a result, Paebbl provides a raw material stream that is carbon-negative, radically altering the economics of preventing carbon from entering our environment.
  • NFTPort — Simple & powerful NFT infrastructure and APIs. Mint NFTs, deploy contracts, get multi-chain NFT data and enhanced APIs. Grab your free API Key now: nftport.xyz
  • The Upright Project — Upright enables smarter decision-making for investors, companies and governments by quantifying the net impact of companies.
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Cor Group
VC Fund · Oulu, Oulu, Finland · 3 investments in Finland Health Care startups

Cor Group management consulting firm serving Psychological, Educational, and Behavioral Services.

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Investment focus

  • Industry: Health Care, Medical, Biotechnology
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Finland

Investor stats

  • Total investments: 3
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • Adamant Health — Adamant Health’s unique technology to analyse Parkinson’s disease symptoms is based on over 15 years of academic research at the University of Eastern Finland. With the technology, clinicians have several days detailed visibility to the patient’s symptoms and is able to optimise the treatment accordingly. Pharma companies benefit from the objectiveand long-term RW data in their clinical and post market studies and can utilise it as complementary diagnostics tool for personalised medication.
  • Nightingale Health — Driving the shift from reactive to preventative care with innovative solutions that enable early detection and proactive management of health risks.
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Sitra
VC Fund · Helsinki, Southern Finland, Finland · 3 investments in Finland Health Care 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.
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Capricorn Partners
VC Fund · Leuven, Vlaams-Brabant, Belgium · 2 investments in Finland Health Care startups, 7 in the past 12 months

Capricorn Partners is a unique independent manager of venture capital, growth capital and quoted equity funds

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Investment focus

  • Industry: Biotechnology, Health Care, Software
  • Stage:Series B, Series A
  • Geography: Belgium, United States, The Netherlands

Investor stats

  • Total investments: 98
  • Round size: Series A $1.6M–$11M; Series B $4.5M–$41M
  • Lead/follow: 31% lead, 69% follow
  • Last fund: May invest from a new fund soon — raised $93M in 2019

Portfolio highlights

  • Chainels — The tenant experience app for every property in your portfolio. Save time, gain insights and collaborate with your tenants all in one place.
  • VoxelSensors — Novel sensor architecture designed for low latency and low power 3D perception.
  • fruitcore robotics — fruitcore robotics is a robotic system that leverages intelligent software and innovative mechatronics.
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Karolinska
VC Fund · Solna, Stockholms Lan, Sweden · 2 investments in Finland Health Care startups

Karolinska Development aims to create value for patients, researchers, investors and society by developing innovations from world class science into products that can be sold or out-licensed with high returns. The business model is to: SELECT the most commercially attractive medical innovations; DEVELOP innovations to the stage where the greatestreturn on investment can be achieved; and COMMERCIALIZE the innovations through the sale of companies or out-licensing of products.Karolinska Development has developed a well-structured selection process to identify the most commercially attractive medical innovations screened by KIAB. Pharmaceutical development is a high-risk enterprise. In most cases, development projects fail because of side effects or insufficient efficacy. Successful selection of innovations is fundamental to Karolinska Development’s business model, which makes the inflow of new projects crucial. One key to success lies in selecting those innovations that can be developed from scientific findings to products and have significant commercial potential. To date, over 1,300 projects have been screened by KIAB.The portfolio companies are often founded together with the innovators and are initially operated as virtual companies with few or no employees. During the first six to twelve months, the companies normally have minimal fixed costs and technological development is outsourced.The innovator, who is often employed at an academic institution, normally participates as a board member and scientific advisor. The CEO of a portfolio company cooperates closely with a representative of Karolinska Development, who in most cases is also a board member of the company. The companies are capitalized to reach their next milestone, usually within a period of six to eighteen months. Development projects are continuously monitored, and those that do not meet their stipulated targets are discontinued. In the first three to four years, a portfolio company’s operating expenses are often limited to a few million Swedish kronor per year, which cover the cost of external studies and the salary of the staff. In subsequent years, Karolinska Development and other investors play an important role recruiting key expertise to the companiesKarolinska Development intends to realize value by exiting portfolio companies or through out-licensing of projects. Such transactions (especially out-licensing) are often structured as single upfront payments followed by payments based on predetermined milestones and royalties on sales. Although Karolinska Development has a flexible exit strategy, pharmaceutical products are, for two reasons, preferably exited at Phase II. First a successful Phase II study indicates that the pharmaceutical has an effect on patients, which is an important value-enhancing factor when negotiating out-licensing or sales. Secondly, finalizing product development and undertaking Phase III clinical trials frequently requires very large patient populations. In many cases this requires much greater resources than those available at Karolinska Development but these can be found in established pharmaceutical companies. Several licensing deals were closed in 2011 involving projects with a similar focus and development phase to Karolinska Development's projects.

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Investment focus

  • Industry: Biotechnology, Health Care, Pharmaceutical
  • Stage:Seed, Series A
  • Geography: Sweden, Denmark, United States

Investor stats

  • Total investments: 23
  • Round size: Series A $1.3M–$73M
  • Lead/follow: 26% lead, 74% follow

Portfolio highlights

  • Henlez — Henlez is a Danish startup company.
  • OssDsign AB — OssDsign was founded in May 2011 by Professor Håkan Engqvist, Dr Thomas Engstrand, Bo Qwarnstrom, Jonas Åberg, Uppsala University AB and other leading clinical, preclinical and materials researchers and engineers. The key people in the company are presented below. OssDsign has in addition developed a network of international experts in ClinicalAffairs, Regulatory and Business Development.
  • Modus Therapeutics — Modus Therapeutics is a Swedish drug development company developing sevuparin – a novel drug to treat people suffering from Sickle Cell Disease – a painful, inherited blood disorder affecting millions of people around the globe.
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Gorilla Capital
VC Fund · 2 investments in Finland Health Care startups

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

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Investment focus

  • Industry: Software, Information Technology, SaaS
  • Stage:Pre-Seed, Seed, Series A
  • Geography: Finland, Estonia, Sweden

Investor stats

  • Total investments: 43
  • Round size: Seed $268k–$536k; Pre-Seed $150k–$680k
  • Lead/follow: 70% lead, 30% follow
  • Last fund: May invest from a new fund soon — raised $16M in 2017

Portfolio highlights

  • Xiphera — Xiphera is a Finnish company designing hardware-based security solutions using standardised cryptographic algorithms.
  • Jungle AI — Jungle uses artificial intelligence to predict component failure, and poor performance in an advanced asset management software.
  • Upsy Company — Discover Upsy, the AI-powered online shopping assistant designed to transform your webshop into a sales powerhouse. Boost your conversion rates, improve customer service, and amplify your online sales with Upsy's innovative features today
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Conor Venture Partners
VC Fund · Espoo, Southern Finland, Finland · 2 investments in Finland Health Care 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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HealthCap
VC Fund · Stockholm, Stockholms Lan, Sweden · 2 investments in Finland Health Care startups

HealthCap, a life science investor and company creator. Our motivation is to find innovative ideas and invest that could impact healthcare and society.

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Investment focus

  • Industry: Biotechnology, Health Care, Medical
  • Stage:Series B, Series A
  • Geography: United States, Sweden, France

Investor stats

  • Total investments: 109
  • Round size: Series A $5.5M–$55M; Series B $20M–$54M
  • Lead/follow: 25% lead, 75% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • Hemab — Hemab is pioneering the first preventative treatments and functional cures for patients with rare bleeding and thrombotic disorders.
  • ADCendo — ADCendo ApS is a biotech company dedicated to developing new types of anti-cancer drugs. We focus on antibody-drug conjugates (ADCs) directed at novel targets, that have been found to be overexpressed by several cancer forms, that are all characterized by a significant unmet need for novel treatment.
  • Vicore Pharma — Vicore Pharma is a pharmaceutical company dedicated to developing innovative medicines for severe lung disorders. It develops drugs that act through the AT2 receptor. The company’s drug candidate C21 aims to improve the treatment of idiopathic pulmonary fibrosis, a rare disease for which C21 has been granted orphan drug designation both in the EUand the US. In addition, C21 is explored pre-clinically in a number of rare diseases where the AT2 receptor plays an important role. The company is based in Astra Zeneca’s Bioventurehub in Mölndal.
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Athensmed
VC Fund · 2 investments in Finland Health Care startups

Athensmed Oy

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Investment focus

  • Industry: Health Care, Medical, mHealth
  • Stage:Seed, Series A
  • Geography: Finland

Investor stats

  • Total investments: 3
  • Lead/follow: no public data

Portfolio highlights

  • Kaiku Health — Kaiku Health is a digital health company with a mission to improve quality of life through health data science. We have built an intelligent digital platform for monitoring patient-reported outcomes in several therapy areas, such as cancer care, fertility treatments and preventive health care. Its unique algorithms enable early interventions andpersonalized patient support. Currently over 30 European hospitals and clinics are using our platform to better monitor their patients, reducing manual work and allowing prioritization of clinical actions. This along with the capture and analysis of real-world data paves way for more personalized and effective care of each patient. The company, founded in 2012 by five software developers deeply passionate about health care technology, has now grown to team of 20+ dedicated employees. The company is backed by Reaktor Ventures, along with other venture capital funds and private investors, and is supported by Tekes – the Finnish Funding Agency for Innovation.
  • VideoVisit — Oiva Health on digipalveluiden asiantuntijayritys, joka palvelee kattavasti sosiaali- ja terveysalan toimijoita.
  • Finnadvance — Finnadvance is an Organ-On-Chip company developing high throughput biological barriers on chips to mimic human biology such as vascular, lung and the Blood-Brain-Barriers for small molecule, micro-nano-formulation permeability and toxicity testing with in-vivo like dynamic cell cultures.
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Metsola Ventures
VC Fund · Espoo, Southern Finland, Finland · 2 investments in Finland Health Care startups

Metsola Ventures

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Investment focus

  • Industry: Medical, mHealth, Health Care
  • Stage:Series A
  • Geography: Finland

Investor stats

  • Total investments: 2
  • Lead/follow: no public data

Portfolio highlights

  • Kaiku Health — Kaiku Health is a digital health company with a mission to improve quality of life through health data science. We have built an intelligent digital platform for monitoring patient-reported outcomes in several therapy areas, such as cancer care, fertility treatments and preventive health care. Its unique algorithms enable early interventions andpersonalized patient support. Currently over 30 European hospitals and clinics are using our platform to better monitor their patients, reducing manual work and allowing prioritization of clinical actions. This along with the capture and analysis of real-world data paves way for more personalized and effective care of each patient. The company, founded in 2012 by five software developers deeply passionate about health care technology, has now grown to team of 20+ dedicated employees. The company is backed by Reaktor Ventures, along with other venture capital funds and private investors, and is supported by Tekes – the Finnish Funding Agency for Innovation.
  • Synoste Oy — Patient friendly and innovative solutions for correcting skeletal deformations.
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Superhero Capital
VC Fund · Helsinki, Southern Finland, Finland · 2 investments in Finland Health Care startups, 8 in the past 12 months

Early-stage VC searching for the next Superheroes.

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Investment focus

  • Industry: Software, Information Technology, Internet
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Finland, Estonia, Lithuania

Investor stats

  • Total investments: 51
  • Round size: Seed $161k–$2.4M; Pre-Seed $686k–$1.8M; Series A $3.3M–$4.1M
  • Lead/follow: 62% lead, 38% follow
  • Last fund: May invest from a new fund soon — raised $32M in 2020

Portfolio highlights

  • Phaver — Welcome to the biggest mobile app on Lens Protocol. Access all that Web3 Social has to offer through one easy-to-use app. Engage with your favourite creators, connect your NFT's, earn rewards and more
  • Videobot — Grow your business with personalised video funnels that engage your audience with human interaction, capture leads, guide your users, enhance customer satisfaction and increase conversion rate.Short videos have already become dominant across social media platforms. Now, this beloved user experience is available on company websites as well. The applications are vast and varied. Discover how it all works by reserving your own presentation slot.
  • Doublepoint — Solving Next-Generation Interactions. Doublepoint provides future computing platforms more intuitive, robust and versatile interactions.
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Novartis Venture Fund
VC Fund · Basel, Basel-Stadt, Switzerland · 2 investments in Finland Health Care startups

Our primary focus is on the development of novel therapeutics and platforms. We balance the therapeutic focus with investments in medical devices, diagnostics or drug delivery systems. In our investments we look for unmet need and clinical impact, novel proprietary science and understanding of mechanism, management and board experience and capitalefficiency in the program.We prefer to have our initial investment at the early stage to build the company and follow with additional investment in pace with the company:tm:s progress. We continue our approach of larger focused investments and anticipate total investments up to USD 30 to 50 mio per company over its life, but it can be as little as 100'000 USD to get started. We will increase our activities to lead or co-lead deals further and remain open to participate in larger syndicates. SectorsNew therapeutics & platformsMedical devices/implantsDiagnostics/biomarkersDrug delivery/biopolymersGeographyUSA/CanadaEuropeSwitzerlandAsia/Pacific

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Investment focus

  • Industry: Biotechnology, Health Care, Therapeutics
  • Stage:Series B, Series A, Series C
  • Geography: United States, Switzerland, United Kingdom

Investor stats

  • Total investments: 182
  • Round size: Series A $5.1M–$63M; Series B $10M–$80M; Series C $4.8M–$57M
  • Lead/follow: 23% lead, 77% follow
  • Last fund: May invest from a new fund soon — last raise in 2009

Portfolio highlights

  • Hyku — Hyku Biosciences is developing the next generation of covalent medicines by targeting histidine, tyrosine and lysine binding pockets in disease-causing proteins.
  • Hepalink — Hepalink is a manufactures ultra-pure pipeline control systems based on semiconductors and pan-semiconductor liquid circuits.
  • Mediar Therapeutics — Mediar Therapeutics is a preclinical stage biotechnology company developing antibody-based therapeutics to halt fibrosis in a variety of organ systems, including lung, liver, kidney, and skin.
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European Investment Bank
VC Fund · Luxembourg, Luxembourg, Luxembourg · 2 investments in Finland Health Care startups, 46 in the past 12 months

European Investment Bank (EIB) provides lending, borrowing, and treasury services primarily in the European Union.The company offers project loans for the public and private sectors; loans to banks and other intermediaries; structured finance products; guarantees and securitization instruments for senior and subordinated debts; project bonds;equity and fund investment products such as infrastructure equity and debt funds, and environmental funds; and venture capital funds and security packages for funds.The company also offers microfinance; risk sharing finance for research, development, and innovation projects; finance and technical expertise for sustainable energy projects; infrastructure project advisory services; support for urban development projects; guarantees for transport infrastructure; and funding for public-private partnerships and small- and medium-sized enterprises.EIB serves the transportation, global loans, energy, industry, health, education, water, sewerage, infrastructure, services, telecommunications, agriculture, and fisheries sectors.European Investment Bank was founded in 1958 and is based in Luxembourg.

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Investment focus

  • Industry: Biotechnology, Health Care, Software
  • Stage:Debt Financing, Post-IPO Debt
  • Geography: France, Germany, Ireland

Investor stats

  • Total investments: 190
  • Round size: Post-IPO Debt $6.4M–$536M; Debt Financing $11M–$321M
  • Lead/follow: 78% lead, 22% follow

Portfolio highlights

  • ROCSYS — Meet the world's first autonomous charging solution for electrical vehicles in public transportation, logistics, material handling, and passenger cars.
  • Trucksters — We are a transportation company that focuses on providing long distance FTL trucking service through an innovative relay system based on artificial intelligence. We achieve transit times similar to air transport while reducing the costs of traditional road transportation.
  • Masdar Capital — Masdar Capital is developing & deploying commercial-scale renewable energy projects.
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Pontos Group
VC Fund · Helsinki, Southern Finland, Finland · 2 investments in Finland Health Care startups

Pontos is a family owned Finnish private equity and real estate investment company operating in Finland, the Baltic States, and Portugal.

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Investment focus

  • Industry: Genetics, Hospital, Automotive
  • Geography: Finland

Investor stats

  • Total investments: 3
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • Valmet Automotive — Valmet Automotive, a Uusikaupunki, Finland-based electric vehicle developer and manufacturer. Valmet Automotive provides engineering, manufacturing and business services for the automotive industry. In 2009, the company generated net sales of €56m and employed some 800 people. It manufactures Porsche Cayman sports cars, electric Garia golf carsand THINK City urban cars in Uusikaupunki, Finland. Cuca
  • Blueprint Genetics — We offer complete genetic testing and genetic diagnostics to medical professionals worldwide. Learn more about our winning clinical-grade NGS offering!
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Novo Holdings
VC Fund · Hellerup, Hovedstaden, Denmark · 2 investments in Finland Health Care startups, 19 in the past 12 months

Novo Holdings is a world-leading life science investor with a focus on creating long-term value.

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Investment focus

  • Industry: Biotechnology, Health Care, Medical
  • Stage:Series A, Series B, Series C
  • Geography: United States, Denmark, United Kingdom

Investor stats

  • Total investments: 224
  • Round size: Series A $6.5M–$63M; Series B $12M–$125M; Series C $12M–$105M
  • Lead/follow: 36% lead, 64% follow
  • Last fund: May invest from a new fund soon — last raise in 2018

Portfolio highlights

  • AMSilk — AMSilk produces and distributes high-quality silk biopolymers for use in textile products, medical devices, and cosmetics.
  • Octave — Octave is a national behavioral health practice that’s creating a new standard for care delivery that’s both high-quality and accessible to more people. With in-person and virtual clinics in California and New York, the company offers personalized care plans that can include individual therapy, couples therapy, and groups, while pioneeringrelationships with payers to make care more affordable through insurance. Grounded in science, Octave enables clients to experience profound change that is as measurable as it is meaningful.
  • Alentis Therapeutics — Alentis Therapeutics discovers and develops novel medications to treat advanced liver diseases.
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EQT life science
VC Fund · Amsterdam, Noord-Holland, The Netherlands · 2 investments in Finland Health Care startups, 6 in the past 12 months

EQT life science develops innovative medicines, devices, and tools to address the single important thing that matters to the preservation of health. The organization believes that such opportunities add value to all stakeholders.

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Investment focus

  • Industry: Biotechnology, Health Care, Therapeutics
  • Stage:Series A, Series B, Series C
  • Geography: United States, The Netherlands, Switzerland

Investor stats

  • Total investments: 132
  • Round size: Series A $6.4M–$50M; Series B $5.4M–$69M; Series C $10M–$70M
  • Lead/follow: 36% lead, 64% follow
  • Last fund: Likely still investing — raised $279M in 2023

Portfolio highlights

  • VarmX — VarmX is a pharmaceutical spin-off from the Leiden University Medical Center. The mission of VarmX is to develop and manufacture therapeutic proteins to instantaneously restore blood clotting in bleeding patients. The lead product in the pipeline of VarmX is PseudoXa. PseudoXa is a modified recombinant human coagulation factor X which is capable ofimmediately restoring blood clotting in the presence of direct factor Xa anticoagulants (DOACS) such as rivaroxaban, apixaban, and edoxaban.These factor Xa coagulants are taken by millions of patients world-wide for the prevention and treatment of thrombosis and stroke, but as a side effect severe bleeding often occurs. PseudoXa is capable of stopping and preventing such bleedings thus making the usage of DOACS much safer.
  • Xeltis — Xeltis is pioneering a restorative approach in cardiovascular therapy.
  • Evommune — Evommune is taking a tissue-based approach to advance insights and accelerate the development of transformative medicines in inflammatory diseases.
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Nina Capital
VC Fund · Barcelona, Catalonia, Spain · 2 investments in Finland Health Care startups, 15 in the past 12 months

We deploy early stage capital to fuel the growth of need-driven health technology companies.

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Investment focus

  • Industry: Health Care, Artificial Intelligence, Medical
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, United Kingdom, Austria

Investor stats

  • Total investments: 58
  • Round size: Seed $1.2M–$6M; Pre-Seed $573k–$964k; Series A $5M–$21M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • basys.ai — Basys.ai automates the process of prior authorization and utilization management to improve costs and timeliness for health plans/payers using an AI-based platform. The proprietary platform automates the process of encoding/digitizing the payer policies using machine learning, thus reducing the piloting timeline by up to 9 months.
  • Lillian Care — Lillian is building a nationwide network of health facilities in Germany.
  • ALFIE — AI software platform that provides consistent and automated measurements from radiographic images used to assess spinal disorders.
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Broadview Ventures
VC Fund · Boston, Massachusetts, United States · 2 investments in Finland Health Care startups

Broadview Ventures, Inc. (Broadview) was established in 2008 as a new program conceived by the Leducq family. Through Broadview, the trust will work to accelerate the development of promising technology in cardiovascular and neurovascular disease through targeted investment in and support of early stage technology ventures.The FoundationLeducq, based in Paris, France, is the beneficiary of a charitable trust. In order to further the Foundation Leducq's mission in cardiovascular and neurovascular disease, the trust has made funds available to Broadview to develop a program which will promote early state technology in these fields through investments, licensing agreements and consortium funding arrangements, as well as professional, management and consulting support.With this initiative the trust joins other leaders in the venture philanthropy movement in seeking creative solutions to the problem of what is commonly referred to as the 'translational gap', a significant component of which is a lack of funding at a critical moment in the development of new technology and science.

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Investment focus

  • Industry: Health Care, Biotechnology, Medical Device
  • Stage:Series A, Seed, Debt Financing
  • Geography: United States, Israel, Denmark

Investor stats

  • Total investments: 66
  • Round size: Seed $750k–$5.4M; Series A $1M–$11M; Debt Financing $1M–$2.4M
  • Lead/follow: 24% lead, 76% follow

Portfolio highlights

  • Nyra Medical — MitraPlug has created a catheter-plug technology for repairing a leaky mitral valve in the heart.This adjustable device needs only a two-inch surgical incision and can be inserted directly into the heart. Then the cardiologist can use the catheter to adjust the size and position of the plug to correct the leakage. When correctly fitted, thecatheter is removed, and the incision is closed, leaving only a small scar.
  • RapidPulse — RapidPulse, Inc. is a privately held medical device company that develops minimally invasive vascular products for ischemic stroke. The company is advancing the development of the RapidPulse™ Cyclic Aspiration System, which includes a novel aspiration pump to allow rapid and consistent removal of blood clots from the brain. RapidPulse is a spinoutof Syntheon LLC., a medical device incubator dedicated to developing innovative products in the medical device industry
  • Cardiosense — Cardiosense offers a physiological waveform AI platform to develop predictive biomarkers for the detection and treatment of disease. Its platform leverages multi-modal sensors and industry-leading AI to develop predictive biomarkers for the detection and treatment of disease.
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Maki.vc
VC Fund · Helsinki, Southern Finland, Finland · 2 investments in Finland Health Care startups, 6 in the past 12 months

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

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Investment focus

  • Industry: Software, SaaS, E-Commerce
  • Stage:Seed, Series A
  • Geography: Finland, Germany, United Kingdom

Investor stats

  • Total investments: 63
  • Round size: Seed $750k–$7.8M; Series A $1.8M–$12M
  • Lead/follow: 49% lead, 51% follow
  • Last fund: Likely still investing — raised $107M in 2021

Portfolio highlights

  • Strise — Strise is signaling a new era of enterprise software and organizational change, transforming how companies work and empowering individual growth through knowledge. We believe in the AI-enabled financial institution without data silos where users and data are working together to solve even the most complex business problems.
  • Databutton — Databutton is an online app builder that empowers the next generation of entrepreneurs and innovators. It enables anyone to create dynamic online apps in minutes by connecting to a growing array of sources, models, and integrations, or by utilizing their own datasets. 먹튀검증 https://muktts.net/
  • Quanscient — We are building next generation simulation software-as-a-service utilizing Quantum computing algorithms. Our specialty domain of simulations is Computational Electromagnetics.
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Sofinnova Partners
VC Fund · Paris, Ile-de-France, France · 2 investments in Finland Health Care startups, 21 in the past 12 months

Sofinnova Partners is a leading European venture capital firm in life sciences, specializing in healthcare and sustainability. Based in Paris, London and Milan, the firm brings together a team of professionals from all over the world with strong scientific, medical and business expertise.

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Investment focus

  • Industry: Biotechnology, Health Care, Medical
  • Stage:Series A, Series B, Series C
  • Geography: France, United States, United Kingdom

Investor stats

  • Total investments: 232
  • Round size: Series A $4.4M–$53M; Series B $7M–$57M; Series C $10M–$54M
  • Lead/follow: 47% lead, 53% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • Crescendo Biologics — Crescendo Biologics is a new Cambridge-based company whose vision is to deliver next-generation antibody therapeutics based on novel class-leading platforms.The focus of the company is on developing platforms that will address key issues in generating high-affinity, soluble, human VH antibody fragments. These are the smallest fragments thatretain antibody binding, and have many desirable properties as potential therapeutics. Crescendo will then utilise these platforms for product development of in-house targets or in partnership with other companies.
  • Sitryx Therapeutics — Sitryx is a biopharmaceutical company focused on regulating cell metabolism to develop first-in-class disease modifying therapeutics in immuno-oncology and immuno-inflammation. The company was co-founded by a team of world-leading scientists from the United States and Europe who have contributed significantly to the field of immunometabolism.Sitryx was founded in 2018 with seed funding from SV Health Investors and raised $30 million Series A funding from an international syndicate of specialist investors including SV Health Investors, Sofinnova Partners, Longwood Fund and GSK. The company has a pipeline of projects at multiple stages of drug discovery. Sitryx is headquartered in Oxford, UK.
  • Tenpoint Therapeutics — Tenpoint Therapeutics is a biotechnology company pursuing vision-restoring engineered cell-based therapeutics.
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Vesalius Biocapital Partners
VC Fund · Strassen, Luxembourg, Luxembourg · 2 investments in Finland Health Care startups

Vesalius Biocapital Partners invests in companies active in human health through venture capital funds raised since 2007. They have contributed to developing 20 companies since inception.With more than € 150 million under management in two funds. Vesalius Biocapital Partners plays the role of lead investor in the large majority of its financingrounds.Their companies are based in Europe allowing easy interaction with management.They invest in all stages of development and do not shy away from relatively early-stage projects with a sound proprietary technology and corresponding IP, unique team skills and a clear competitive edge based on solid data.

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Investment focus

  • Industry: Biotechnology, Health Care, Medical
  • Stage:Series B, Series A, Series C
  • Geography: Belgium, Germany, The Netherlands

Investor stats

  • Total investments: 48
  • Round size: Series A $3.8M–$16M; Series B $4.3M–$24M; Series C $11M–$100M
  • Lead/follow: 44% lead, 56% follow
  • Last fund: May invest from a new fund soon — last raise in 2017

Portfolio highlights

  • CatalYm — Catalym develops antibodies against a placental factor which is overexpressed by various tumour types.
  • Scenic Biotech — We are pioneers in the discovery of genetic modifiers to enable the development of transformative therapeutics.
  • Memo Therapeutics — Memo Therapeutics AG (MEMO) is an innovator in the field of antibody discovery and immune repertoire analysis.Its MemoMAB™ platform creates a recombinant in vitro copy of an individual’s B cell / antibody repertoire, which is then banked as a library. The resulting unique, large and relevant antibody libraries represent the individual’simmune repertoire and are expected to contain an unprecedented number of relevant and rare antibodies. This leads to entirely new possibilities in immune repertoire analysis and antibody discovery.MemoMAB™ is deployed in proprietary antibody lead discovery programs and is made available in collaborations.
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Cascara Ventures
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 1 investments in Finland Health Care startups

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Investment focus

  • Industry: Medical, Health Care, Biotechnology
  • Stage:Series A, Seed, Series B
  • Geography: Germany, Finland, The Netherlands

Investor stats

  • Total investments: 11
  • Lead/follow: 9% lead, 91% follow

Portfolio highlights

  • Surgify — Surgify are currently preparing the commercialization of a novel technology for bone surgery at Aalto University with financial support from Tekes (Finnish Funding Agency for Innovation). To enable continuous communication with clinicians, they have been working in close cooperation with Neurosurgical Department of Helsinki University CentralHospital, part of HUS (The Hospital District of Helsinki and Uusimaa).
  • ATRO Medical — ATRO Medical is a spin-out from DSM and Radboudumc and builds on the knowledge developed in the Public-Private Collaboration BioMedical Materials that started in 2010 with a consortium of universities, private companies, and financial support from the Dutch government. The collaboration between the clinical, biomechanical, and polymer expertise hascreated the base for the Trammpolin design and the development towards a prototype.
  • microDimensions — microDimensions provides digital pathology software and services: image analysis, 3D histology reconstruction, protein multiplexing, stereology, image registration.
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Zhejiang Huahai Pharmaceutical
VC Fund · Linhai, Zhejiang, China · 1 investments in Finland Health Care startups

Zhejiang Huahai Pharmaceutical Co. Ltd. is a Phermaceutical Company.

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Investment focus

  • Industry: Biotechnology, Medical Device, Pharmaceutical
  • Stage:Series A
  • Geography: China

Investor stats

  • Total investments: 2
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Aurealis Therapeutics — Multi-target cell and gene therapies for unmet medical needs. Developing therapies for chronic wounds, cancer and inflammatory diseases.
  • Yannuo Pharmaceutical — Yannuo Pharmaceutical is a high-tech enterprise focusing on the research and development of complex injections. It has three main drug research and development technology platforms: liposomes, nanoparticles, and microspheres. Relying on the advanced drug delivery technology platform, the company adheres to the clinical needs-oriented and conductsresearch and development of small molecule drugs, nucleic acid drugs, peptides, and protein drugs. Deepen development and industrialization, focusing on the tumor, contrast agents, anesthesia and pain, and other therapeutic areas.
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Takoa Invest
VC Fund · 1 investments in Finland Health Care startups

Takoa Invest is a Finnish family-owned investment company that owns and develops companies and properties with growth potential in Finland and abroad. Takoa Invest is a Finnish family-owned investment company. It owns and develops companies and properties with growth potential in Finland and abroad.

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Investment focus

  • Industry: Biotechnology, Mobile, Retail
  • Stage:Seed, Series B, Series C
  • Geography: Finland, Israel

Investor stats

  • Total investments: 4
  • Round size: Seed $471k–$1.3M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Theranica — Theranica is a medical device company that has combined neuromodulation therapy with modern wireless technology to develop proprietary wearable solutions that address various medical conditions and disease states. The noninvasive and therapeutic 'smart' patches are controlled by a smartphone app to allow for personalized, portable, andaffordable care. The patch consists of a proprietary 'smart' chip that delivers electrical pulses to neuro-modulate the sensory nerves under the skin. The first application of the technology is for treatment of migraine headaches.
  • Finnadvance — Finnadvance is an Organ-On-Chip company developing high throughput biological barriers on chips to mimic human biology such as vascular, lung and the Blood-Brain-Barriers for small molecule, micro-nano-formulation permeability and toxicity testing with in-vivo like dynamic cell cultures.
  • IndoorAtlas — Indoor location technology powered by patented geomagnetic fusion core. Built to scale. Proven by 1M+ monthly users.
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Inveni Capital
VC Fund · Helsinki, Southern Finland, Finland · 1 investments in Finland Health Care startups

Inveni Capital is a venture capital management company focused on investments in early to growth stage life sciences companies.

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Investment focus

  • Industry: Medical, Health Care, Biotechnology
  • Geography: Finland, United Kingdom

Investor stats

  • Total investments: 2
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • BioSilta — BioSilta Ltd. is a privately-held company that utilizes its unique, proprietary EnBase® technology platform to develop innovative, reagent-based EnPresso® growth systems. When compared to conventional growth media, EnPresso growth systems significantly increase the yield of high quality biomolecules from microbial cultures.
  • Onbone — Onbone Ltd is a Finnish innovative company working on the field of medical technology. The company develops and markets innovative and user-friendly Woodcast products for orthopaedic and traumatology use. Onbone Ltd has eleven employees and the products are sold in Finland, Germany, Sweden, Holland and Great Britain.
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High-Tech Grunderfonds
VC Fund · Bonn, Nordrhein-Westfalen, Germany · 1 investments in Finland Health Care startups, 59 in the past 12 months

High-Tech Gründerfonds (HTGF) is a seed investor that finances high-potential, tech-driven startups. With EUR 895.5 million in total investment volume across three funds and an international network of partners, HTGF has already helped forge more than 500 startups since 2005. Driven by their expertise, entrepreneurial spirit, and passion, its teamof experienced investment managers and startup experts help guide the development of young companies. HTGF’s focus is on high-tech startups in a range of sectors, including software, media, internet, hardware, automation, health care, chemistry, and life sciences.To date, external investors have injected over EUR 2 billion into the HTGF portfolio via about 1,400 follow-on financing rounds. HTGF has also successfully sold interests in more than 100 companies. Investors in this public-private partnership include the Federal Ministry For Economic Affairs and Energy, the KfW Banking Group, and Fraunhofer-Gesellschaft e.V., as well as the companies ALTANA, BASF, BAYER, B.Braun, Boehringer Ingelheim, Robert Bosch, BÜFA, CEWE, Deutsche Post DHL, Dräger, Drillisch AG, EVONIK, EWE AG, FOND OF Haniel, Hettich, Knauf, Körber, LANXESS, media + more venture Beteiligungs GmbH & Co. KG, PHOENIX CONTACT, Postbank, QIAGEN, RWE Generation SE, SAP, Schufa, Schwarz Gruppe, STIHL, Thüga, Vector Informatik, WACKER and Wilh. Werhahn KG.

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Investment focus

  • Industry: Software, Information Technology, Biotechnology
  • Stage:Seed, Series A
  • Geography: Germany, Switzerland, United States

Investor stats

  • Total investments: 361
  • Round size: Seed $665k–$5.1M; Series A $1.5M–$16M
  • Lead/follow: 31% lead, 69% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • sewts — Founded in 2019 and based in Munich, sewts GmbH provides cutting-edge perception software, pushing the boundaries of robotics in processing of easily deformable materials. sewts has developed and demonstrated a unique technology that uses high-precision finite element method (FEM) simulations to efficiently train machine learning algorithms. Theintelligent software solution enables countless applications in industrial automation like the handling of textiles in industrial laundries or the manufacturing of garment. sewts is backed by APEX Ventures, Bayern Kapital, High-Tech Gründerfonds, UnternehmerTUM Initiative for Industrial Innovators and a couple of highly experienced business angels.
  • BeeOLED — BeeOLED’s technology enables OLED displays with significantly improved efficiency, brightness and operational stability at lower overall costs due to a less complex device structure.
  • Yond — Yond is Prepared to scale your business with our Gym Operating System.
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Bold Capital Partners
VC Fund · Santa Monica, California, United States · 1 investments in Finland Health Care startups, 8 in the past 12 months

A collection of entrepreneurs, engineers, physicists, doctors, surfers, and musicians who are committed to helping entrepreneurs achieve their dreams of changing the world.

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Investment focus

  • Industry: Health Care, Software, Biotechnology
  • Stage:Series A, Seed, Series B
  • Geography: United States, Hong Kong, Canada

Investor stats

  • Total investments: 88
  • Round size: Seed $2M–$15M; Series A $4M–$40M; Series B $2.5M–$50M
  • Lead/follow: 19% lead, 81% follow
  • Last fund: May invest from a new fund soon — last raise in 2017

Portfolio highlights

  • Viome — Test your gut microbiome and measure your health down to the molecular level to get personalized nutrition recommendations and supplements made uniquely for you.
  • Crowdz — Make accounts receivables a thing of the past with a competitive invoice auction for selling your invoices with invoice financing
  • Solarea Bio — Solarea Bio is a biotech company in Cambridge MA building solutions for health disorders using bacteria and fungi native to healthy foods to create powerful synergistic, anti-inflammatory microbial assemblages.
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IPF Partners
VC Fund · Luxembourg, Luxembourg, Luxembourg · 1 investments in Finland Health Care startups

IPF Partners is a alternative financing provider focused on the European healthcare sector. IPF invests directly in emerging, commercial-stage European pharma/biotech, medtech and diagnostics companies.

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Investment focus

  • Industry: Health Care, Medical, Hospital
  • Stage:Series B, Series C
  • Geography: Finland, United States, United Kingdom

Investor stats

  • Total investments: 3
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Lumeon — Transform the patient experience and ensure that care teams always work at top-of-license with the leaders in care orchestration.
  • Mendor — Mendor is a Finnish company, committed to the design, development and marketing of advanced diabetes management products. Mendor has launched a revolutionary, discreet, easy to use, portable all-in-one blood glucose meter and web-based software application for the daily management of diabetes. Mendor has designed its products together with usersand diabetes experts to address the needs of people with diabetes requiring regular blood glucose monitoring.
  • Caresyntax — Caresyntax is the only enterprise-scale surgical data solution you need to make surgery smarter, safer, and more profitable.
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Spintop Ventures
VC Fund · Stockholm, Stockholms Lan, Sweden · 1 investments in Finland Health Care startups

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.

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Investment focus

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

Investor stats

  • Total investments: 47
  • Round size: Seed $643k–$3.4M; Series A $1.5M–$11M
  • Lead/follow: 49% lead, 51% follow
  • Last fund: May invest from a new fund soon — raised $30M in 2013

Portfolio highlights

  • IPRally — Improve your invalidity, patentability and FTO searches. Easy-to-use patent search web application, powered by unique AI knowledge graph technology.
  • Elastisys — Elastisys provides fully-managed Kubernetes Platform as a Service, GDPR-ready on EU clouds with optional PostgreSQL, RabbitMQ, and Redis.
  • EmbeDL — Efficient Deep Learning for Embedded Systems
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Emerald Technology Ventures
VC Fund · Zürich, Zurich, Switzerland · 1 investments in Finland Health Care startups

We provide venture capital for companies with cutting-edge technology that solves key issues in the transition to a net zero emissions world.

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Investment focus

  • Industry: Manufacturing, Energy, Software
  • Stage:Series B, Series A
  • Geography: United States, Germany, Canada

Investor stats

  • Total investments: 68
  • Round size: Series A $5.6M–$10M; Series B $5.1M–$17M
  • Lead/follow: 37% lead, 63% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • sewts — Founded in 2019 and based in Munich, sewts GmbH provides cutting-edge perception software, pushing the boundaries of robotics in processing of easily deformable materials. sewts has developed and demonstrated a unique technology that uses high-precision finite element method (FEM) simulations to efficiently train machine learning algorithms. Theintelligent software solution enables countless applications in industrial automation like the handling of textiles in industrial laundries or the manufacturing of garment. sewts is backed by APEX Ventures, Bayern Kapital, High-Tech Gründerfonds, UnternehmerTUM Initiative for Industrial Innovators and a couple of highly experienced business angels.
  • Colibri Energy — Colibri Energy - Lithium Batteries produces battery solutions for GSE & Logistics to reduce costs of operations and provide sustainable alternatives.
  • NanoGraf Corporation — SiNode Systems is a materials venture based out of Northwestern University that is commercializing a novel silicon based anode technology developed by research team led by Professor Harold Kung. SiNode aims to change the status quo of the industry by developing high performance anodes for Li-ion batteries.
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Way to Wellville
VC Fund · Astoria, Oregon, United States · 1 investments in Finland Health Care startups

Wellville is a 10-year national nonprofit project to achieve equitable wellbeing. We support the efforts of The Wellville 5: Five US communities.

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Investment focus

  • Industry: Software, Health Care, Medical
  • Stage:Series B, Series A
  • Geography: United States, Finland

Investor stats

  • Total investments: 7
  • Round size: Series B $12M–$14M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Upbeat — Upbeat is a software-powered next-generation PR agency that focuses on media marketing for various companies. The company is a team of software engineers and PR professionals working together to bring the old-school PR industry to the modern world. Upbeat turns story ideas to into something presentable by connecting the best stories to the beststorytellers. They also manage email outreach and follow-ups and keep track of pitch's progress with real-time analytics and email updates. And, its software is also an avenue to monitor media opportunities on company's behalf.
  • Trimian — Startup based in Menlo Park, focusing on mobile apps. The name comes from 'tri-simian', referring to the three wise monkeys.
  • Big Health — Our mission is to help millions back to good mental health. Our digital therapeutics are safe and effective non-drug alternatives for mental health.
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Gerresheimer Glas
VC Fund · Düsseldorf, Nordrhein-Westfalen, Germany · 1 investments in Finland Health Care startups

Gerresheimer is a leading global partner to the pharma and healthcare industry. With our specialty glass and plastic products, we contribute to health and well-being. We have worldwide operations and about 10,000 employees manufacture our products in local markets, close to our customers. With our plants in Europe, North America, South America, andAsia, we generate revenues of approximately EUR 1.4 billion. The comprehensive product portfolio includes pharmaceutical packaging and products for the safe, simple administration of medicines: Insulin pens, inhalers, refillable syringes, injection vials, ampoules, bottles and containers for liquid and solid medicines with closure and safety systems as well as packaging for the cosmetics industry.

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Investment focus

  • Industry: Health Care, Medical Device
  • Stage:Seed
  • Geography: Finland

Investor stats

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

Portfolio highlights

  • Adamant Health — Adamant Health’s unique technology to analyse Parkinson’s disease symptoms is based on over 15 years of academic research at the University of Eastern Finland. With the technology, clinicians have several days detailed visibility to the patient’s symptoms and is able to optimise the treatment accordingly. Pharma companies benefit from the objectiveand long-term RW data in their clinical and post market studies and can utilise it as complementary diagnostics tool for personalised medication.
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Volvo Cars
VC Fund · Göteborg, Vastra Gotaland, Sweden · 1 investments in Finland Health Care startups

The first mass-produced Volvo car rolled off the production line in Gothenburg in 1927. Since then, they have delivered a steady stream of cars equipped with world-leading innovations. Today, they are one of the most well-known and respected car brands in the world with sales in about 100 countries.Volvo Car Group (Volvo Cars) is owned byZhejiang Geely Holding (Geely Holding) of China. Volvo Cars formed part of the Swedish Volvo Group until 1999 when Ford Motor Company bought the company. In 2010, Geely Holding acquired Volvo Cars.They produce premium cars with the following body types: Sedans, Estates/Sportswagons, Cross Country vehicles, SUVs, and Convertibles. Their cars are characterized by intuitive, human-focused, functional Scandinavian design and good craftsmanship.Relative to the strength of the brand, Volvo Cars is a small producer with global sales reaching 421,951 cars in 2012. Their largest markets are the United States, Sweden, China, Germany, and the UK. Their corporate and brand strategy is ”Designed Around You” and puts people at the heart of everything they do.As a responsible company, they want to contribute to a more sustainable society. To ensure that they are in harmony with customers and society, they do their part by spearheading the development of sustainable mobility - from plug-in hybrids and all-electric cars to active cooperation in a partnership project on road trains.They are proud to continuously deliver world-first solutions; innovations that put people first, by saving and simplifying their lives. Volvo Cars was owned by AB Volvo until 1999 when it was acquired by the Ford Motor Company as part of its Premier Automotive Group. Geely Holding Group then acquired Volvo Cars from Ford in 2010.

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Investor stats

  • Total investments: 2
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Forciot — Forciot is a Finnish technology company that was born in December 2015 out of love for engineering challenges and sports. Group of leading wearable researchers from Tampere University of Technology and consumer electronics experts agreed to put their heart and passion into developing together unique innovation that would start a new era in wearablebusiness.They realized that world is lacking wearable technologies that could be part of products that people use every day, everywhere.Today there starts to be an overload of separate measurement gadgets offered for people to be carried around them to measure performance.Their vision is that in the future they do not need to carry separate performance wearable gadgets with us anymore while for example exercising. Instead, the measurement technology will be integrated directly into those sporting products, such as shoes or gloves, that they all are using when training anyway.They decided to start building this new era of wearables. On their view, most product manufacturer companies will also evidently become IOT-product manufacturers in the future. FORCIOT® with innovative solutions that are connected to internet, is the engineering partner for these companies to build the future IOT-products.For their business to business customers, they offer advanced and accurate REAL-TIME force, power, pressure, balance and weight measurement system that will take wearable world to the next level. They provide their customers the capability to utilize force related data that has not been available before.
  • Polestar — Wir stellen Performance-Elektroautos her. Unser Ziel: eine bessere Zukunft durch Innovationen.
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Heraeus
VC Fund · Hanau, Hessen, Germany · 1 investments in Finland Health Care startups

Heraeus, the technology group headquartered in Hanau, Germany, is a leading international family-owned portfolio company.

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Investment focus

  • Industry: Biotechnology, Manufacturing, Therapeutics
  • Stage:Seed, Series A
  • Geography: Germany, Finland, Switzerland

Investor stats

  • Total investments: 6
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • aiXscale Photonics — aiXscale Photonics provides unique ultra-high precision optical glass interposer solutions for the building of transceiver optical subassemblies and co-packaged optics that are dependable, low loss, and cost-effective. We meet the demands of today's and tomorrow's high-volume data and telecommunications applications.
  • MimiX Biotherapeutics — mimiX Biotherapeutics. https://www.mimixbio.com/ CymatiX THE FIRST ACOUSTIC BIOPRINTER Create biological architectures with sound Sound Induced Morphogenesis (SIM) is a gentle, fast, and easy method to generate multi-cellular, spatially orchestrated tissue constructs using sound waves.
  • Smart Steel Technologies — Smart Steel Technologies provides ready-to-use software products for the optimization of the steel manufacturing process chain.
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Health Care VC funding in Finland at a glance

Stats across 146 deals from 120 investors.

120
investors
in Finland Health Care startups
146
deals
in Finland Health Care startups
$1.7M
median round
in Finland Health Care startups
49%
lead investors
lead at least one round
32%
Seed
most common funding stage

Access all 120 VC funds in Finland Health Care startups.

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