# Top 50 Startup Investors in Finland in May 2026

| Investor | Relevant Deals | Geography | Stage | Focus |
| --- | --- | --- | --- | --- |
| Business Finland | 90 | Finland, United States, United Kingdom | Seed, Grant | Software, Information Technology, SaaS |
| Lifeline Ventures | 86 | Finland, United States, United Kingdom | Seed, Series A | Software, Health Care, E-Commerce |
| Tesi | 76 | Finland, United States, Argentina | Series A, Series B | Software, Manufacturing, Health Care |
| Finnvera Venture Capital | 67 | Finland, United States, Switzerland | Seed, Series A | Software, Health Care, Information Technology |
| Icebreaker.vc | 63 | Finland, Estonia, Sweden | Pre-Seed, Seed, Series A | Software, Information Technology, Artificial Intelligence |
| Inventure | 54 | Finland, Sweden, Denmark | Seed, Series A | Software, Information Technology, Health Care |
| Butterfly Ventures | 53 | Finland, Sweden, Norway | Seed, Pre-Seed | Health Care, Software, Information Technology |
| Visionplus | 51 | Finland, United States, United Kingdom | Seed, Series A | Software, Information Technology, Internet |
| Ali Omar | 51 | Finland, United States, Estonia | Seed, Pre-Seed, Angel | Software, SaaS, Artificial Intelligence |
| Reaktor Ventures | 42 | Finland, Germany, United States | Seed, Pre-Seed, Series A | Software, Internet, Health Care |
| Superhero Capital | 38 | Finland, Estonia, Lithuania | Seed, Pre-Seed, Series A | Software, Information Technology, Internet |
| First Fellow Partners | 35 | Finland, United States, Estonia | Seed, Series A | Software, SaaS, Enterprise Software |
| Maki.vc | 34 | Finland, Germany, United Kingdom | Seed, Series A | Software, SaaS, E-Commerce |
| Innovestor | 34 | Finland, Denmark, Sweden | Seed, Series A | Software, Health Care, Manufacturing |
| Voima Ventures | 25 | Finland, Norway, Sweden | Seed, Pre-Seed | Biotechnology, Health Care, Software |
| Gorilla Capital | 24 | Finland, Estonia, Sweden | Pre-Seed, Seed, Series A | Software, Information Technology, SaaS |
| Vendep Capital | 20 | Finland, United States, Canada | Seed, Series A | SaaS, Software, Analytics |
| OpenOcean | 17 | Finland, United States, United Kingdom | Series A, Series B, Seed | Software, Information Technology, Enterprise Software |
| Initial Capital | 16 | United Kingdom, United States, Finland | Seed, Series A | Gaming, Mobile, Software |
| Sisu Game Ventures | 16 | Finland, United States, Iceland | Seed, Series A | Gaming, Video Games, Virtual Reality |
| VTT Ventures | 15 | Finland | Seed, Series A | Manufacturing, Biotechnology, 3D Technology |
| Play Ventures | 13 | United States, Finland, United Kingdom | Seed, Pre-Seed | Gaming, Video Games, Blockchain |
| Conor Venture Partners | 12 | Finland, United States, Sweden | Series A, Series B, Seed | Software, Analytics, Semiconductor |
| LVP | 11 | United States, United Kingdom, Finland | Seed, Series A | Gaming, Video Games, Mobile |
| Leena Niemistö | 11 | Finland, United States | Seed, Pre-Seed | Health Care, Software, E-Commerce |
| Ilkka Paananen | 11 | Finland, United States, Germany | Seed, Series A, Series B | Software, E-Commerce, FinTech |
| Spintop Ventures | 10 | Sweden, Finland, Denmark | Seed, Series A | Software, Information Technology, SaaS |
| Wave Ventures | 10 | Finland, Sweden, Germany | Seed, Pre-Seed | Software, Mobile Apps, Internet |
| Risto Siilasmaa | 9 | Finland, Sweden, Estonia | Seed, Pre-Seed, Series A | Software, SaaS, E-Commerce |
| Nidoco | 9 | Finland, Sweden, Estonia | Seed, Series B | Health Care, Software, Artificial Intelligence |
| PROfounders Capital | 9 | United Kingdom, United States, Finland | Seed, Series A, Series B | Software, Apps, Travel |
| David Helgason | 9 | United States, Denmark, Finland | Seed, Pre-Seed | Software, Gaming, Information Technology |
| Jyri Engestrom | 8 | United States, Finland, Canada | Seed, Series A, Pre-Seed | Software, Apps, Health Care |
| Nordea | 8 | Finland, Sweden, Norway | Debt Financing, Seed | FinTech, Financial Services, Banking |
| Illusian Family Office | 8 | Finland, United States, Germany | Seed, Series A, Series B | Software, Information Technology, Artificial Intelligence |
| Springvest | 7 | Finland | Series A | Biotechnology, Health Care, Energy |
| Nordic Foodtech VC | 7 | Finland, Denmark, Sweden | Seed, Series A | Biotechnology, Seafood, Life Science |
| Heartcore Capital | 6 | Denmark, Germany, United States | Series A, Seed, Series B | Software, E-Commerce, Artificial Intelligence |
| VNT Management | 6 | Finland, Germany | Series B, Seed | Manufacturing, Electronics, Information Technology |
| Mikael Hed | 6 | Finland, Lithuania | Seed, Angel, Series B | E-Commerce, Consumer Electronics, Hardware |
| DN Capital | 6 | United States, Germany, United Kingdom | Series A, Series B, Seed | Software, E-Commerce, SaaS |
| Trind Ventures | 6 | Estonia, Finland, Latvia | Seed, Series A | Software, Information Technology, Analytics |
| Valve Ventures | 6 | Finland | Seed, Series A | Energy, CleanTech, Oil and Gas |
| Bragiel Brothers | 6 | United States, Finland, Japan | Seed, Series A, Pre-Seed | Software, FinTech, Information Technology |
| CapMan | 6 | Finland, Russian Federation, Sweden | Private Equity, Series B | Software, Information Technology, Manufacturing |
| Supercell | 6 | United States, Finland, Sweden | Seed, Corporate Round | Gaming, Video Games, PC Games |
| Taaleri | 5 | Finland, Kenya | Seed, Pre-Seed | Financial Services, FinTech, Lending |
| Makers Fund | 5 | United States, United Kingdom, India | Seed, Series A, Series B | Gaming, Video Games, Online Games |
| European Investment Bank | 5 | France, Germany, Ireland | Debt Financing, Post-IPO Debt | Biotechnology, Health Care, Software |
| Proxy Ventures | 5 | United Kingdom, Finland, United States | Seed, Angel | Health Care, Marketplace, Mobile Apps |

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