# Top 50 Manufacturing Startup Investors in Finland in May 2026

## Tesi
- Type: VC Fund
- Location: Helsinki, Southern Finland, Finland
- Relevant deals: 19
- Stages: Series A, Series B
- Focus: Software, Manufacturing, Health Care

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

## Finnvera Venture Capital
- Type: VC Fund
- Location: Kuopio, Eastern Finland, Finland
- Relevant deals: 11
- Stages: Seed, Series A
- Focus: Software, Health Care, Information Technology

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

## Butterfly Ventures
- Type: VC Fund
- Location: Oulu, Oulu, Finland
- Relevant deals: 11
- Stages: Seed, Pre-Seed
- Focus: Health Care, Software, Information Technology

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

## Inventure
- Type: VC Fund
- Location: Helsinki, Southern Finland, Finland
- Relevant deals: 10
- Stages: Seed, Series A
- Focus: Software, Information Technology, Health Care

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

## Lifeline Ventures
- Type: VC Fund
- Location: Helsinki, Southern Finland, Finland
- Relevant deals: 9
- Stages: Seed, Series A
- Focus: Software, Health Care, E-Commerce

Lifeline Ventures Oy is a venture capital firm specializing in startups, growth capital, and early stage investments. The firm seeks to invest in healthcare, games, web based and general high technology sectors. It seeks to invest in Finland with a few investments made outside Finland as well. The firm targets investing between €0.5 million ($0.66million) and €1 million ($1.32 million). It seeks make inception to Series A investments. Lifeline Ventures Oy was founded in November 2009 and is based in Helsinki, Finland.

## Business Finland
- Type: VC Fund
- Location: Helsinki, Southern Finland, Finland
- Relevant deals: 7
- Stages: Seed, Grant
- Focus: Software, Information Technology, SaaS

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

## Innovestor
- Type: VC Fund
- Location: Helsinki, Southern Finland, Finland
- Relevant deals: 6
- Stages: Seed, Series A
- Focus: Software, Health Care, Manufacturing

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

## VNT Management
- Type: VC Fund
- Location: Vaasa, Western Finland, Finland
- Relevant deals: 5
- Stages: Series B, Seed
- Focus: Manufacturing, Electronics, Information Technology

VNT Management is a venture capital management company that offers its services to investors and entrepreneurs.The company offers investors with 3 venture capital funds, all of which focus on clean technology. Furthermore, it offers an IRR of 25% and a position in the top quartile of European venture capital funds. Entrepreneurs are offered withsupply management, business idea, application, and product concept development, and technology scanning and evaluation services.VNT Management was founded in 2002 and is based in Finland.

## Ali Omar
- Type: Angel
- Location: Helsinki, Southern Finland, Finland
- Relevant deals: 4
- Stages: Seed, Pre-Seed, Angel
- Focus: Software, SaaS, Artificial Intelligence

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

## VTT Ventures
- Type: VC Fund
- Location: Espoo, Southern Finland, Finland
- Relevant deals: 4
- Stages: Seed, Series A
- Focus: Manufacturing, Biotechnology, 3D Technology

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?

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

WE HELP YOU TO GROW FASTER!

## Voima Ventures
- Type: VC Fund
- Location: Helsinki, Southern Finland, Finland
- Relevant deals: 3
- Stages: Seed, Pre-Seed
- Focus: Biotechnology, Health Care, Software

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.

## Leena Niemistö
- Type: Angel
- Location: Helsinki, Southern Finland, Finland
- Relevant deals: 3
- Stages: Seed, Pre-Seed
- Focus: Health Care, Software, E-Commerce

Leena Niemistö

## Innovations Kapital
- Type: VC Fund
- Location: Göteborg, Vastra Gotaland, Sweden
- Relevant deals: 2
- Stages: Series B, Series C
- Focus: Biotechnology, Health Care, Software

InnovationsKapital was founded in 1994 and is a leading independent venture capital firm for innovative growth companies in the Nordic region. The business, carried out from offices in and Stockholm, Gothenburg and New York, is focused on investments within ICT and Healthcare & Life Sciences, dynamic sectors that are rapidly expanding and whereNordic research plays an important role. The capital is provided by highly reputable Swedish and international institutional investors.

## Ventech
- Type: VC Fund
- Location: Paris, Ile-de-France, France
- Relevant deals: 2
- Stages: Series A, Series B
- Focus: Software, E-Commerce, Biotechnology

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

## Aura Group
- Type: VC Fund
- Location: Singapore, Central Region, Singapore
- Relevant deals: 2
- Stages: Series A, Seed
- Focus: iOS, Blockchain, Information Technology

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

## LähiTapiola
- Type: VC Fund
- Location: Espoo, Southern Finland, Finland
- Relevant deals: 2
- Stages: Debt Financing
- Focus: Banking, FinTech, Internet

LähiTapiola is based on mutual company form, a group of companies owned by its customers, serving the personal, farm, entrepreneurial.

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

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

## Hannu Turunen
- Type: Angel
- Relevant deals: 2
- Stages: Seed, Pre-Seed
- Focus: SaaS, Manufacturing, Artificial Intelligence

Hannu Turunen is the Member of the Board of Exalocus. He was a Board Member at Men&Mice.

## Taaleri
- Type: VC Fund
- Location: Helsinki, Southern Finland, Finland
- Relevant deals: 2
- Stages: Seed, Pre-Seed
- Focus: Financial Services, FinTech, Lending

Taaleritehdas Wealth Management is helping all Finns see the advantages of ownership and find their own way to own.


## Glyn Eggar
- Type: Angel
- Relevant deals: 2
- Stages: Seed
- Focus: Gaming, Software, 3D Printing

Glyn Eggar

## Emerald Technology Ventures
- Type: VC Fund
- Location: Zürich, Zurich, Switzerland
- Relevant deals: 2
- Stages: Series B, Series A
- Focus: Manufacturing, Energy, Software

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

## CapMan
- Type: VC Fund
- Location: Helsinki, Southern Finland, Finland
- Relevant deals: 2
- Stages: Private Equity, Series B
- Focus: Software, Information Technology, Manufacturing

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

## Nordic Option
- Type: VC Fund
- Location: Oulu, Oulu, Finland
- Relevant deals: 2
- Stages: Seed, Series C
- Focus: Software, Manufacturing, 3D Technology

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

## VIA Equity
- Type: VC Fund
- Location: Hellerup, Hovedstaden, Denmark
- Relevant deals: 2
- Stages: Private Equity
- Focus: Software, Manufacturing, Film

VIA equity is a leading Northern European Multi-stage private equity firm with an excellent track record of building and transforming their investments into national and international industry leaders.
Their core investment focus is within a broad definition of the TMT/ICT and Services industries but they consider investments in a wide rangeof sectors.

## Veli-Pekka Saarnivaara
- Type: Angel
- Relevant deals: 2
- Stages: Seed
- Focus: Gaming, Software, 3D Printing

Veli-Pekka Saarnivaara

## Sebastien Borget
- Type: Angel
- Location: San Francisco, California, United States
- Relevant deals: 1
- Stages: Seed, Series A, Pre-Seed
- Focus: Blockchain, Cryptocurrency, Gaming

Sebastien Borget is the Co-founder and COO of Pixowl. Passionate for blockchain technology, gaming and education, he is a very active speaker and evangelist who spent the past 8 years focused exclusively on mobile gaming, creating successful games that were downloaded millions of times.

## Renaldas Zioma
- Type: Angel
- Location: Vilnius, Vilniaus Apskritis, Lithuania
- Relevant deals: 1
- Stages: Seed, Angel, Pre-Seed
- Focus: Artificial Intelligence, Manufacturing, Information Technology

Renaldas Zioma

## Metsa Spring
- Type: VC Fund
- Location: Espoo, Southern Finland, Finland
- Relevant deals: 1
- Stages: Seed
- Focus: Cosmetics, Manufacturing, Personal Health

Metsä Spring is the venture capital arm of Metsä Group. We invest globally in promising startups that have a link to wood or forestry. In addition to financing, we also provide access to Metsä Group’s global network and expertise.

## Norsepower Oy
- Type: VC Fund
- Location: Helsinki, Southern Finland, Finland
- Relevant deals: 1

Norsepower Oy is a Finnish clean technology and engineering company pioneering the generation of renewable wind energy for the global maritime industry. Norsepower is a provider of low-maintenance, software operated, and data verified auxiliary wind propulsion systems. Since its establishment in November 2012, Norsepower has gathered more than $6million USD of funding, which has enabled development, testing and piloting of the Norsepower Rotor Sail Solution. The main investors behind Norsepower are Power Fund III, Lifeline Ventures Oy, Finnvera Oyj, and Wate Oy. Norsepower is also funded by Tekes – the Finnish Funding Agency for Technology and Innovation.

## Ilkka Paananen
- Type: Angel
- Location: Helsinki, Southern Finland, Finland
- Relevant deals: 1
- Stages: Seed, Series A, Pre-Seed
- Focus: Software, E-Commerce, Gaming

Ilkka Paananen, is the CEO and co-founder of Supercell, the Helsinki-based mobile games developer behind Clash of Clans, Hay Day, Boom Beach, Clash Royale and Brawl Stars. Since its founding in 2010, Supercell's five games have amassed 100m daily players and remain in the global top 10 years after launch. In June 2016, Supercell became thefirst European technology start-up to reach a valuation of $10 billion.In addition to his role at Supercell, Ilkka helps other entrepreneurs as both an investor and as an active member of the Nordic startup community where he mentors and coaches other founders. Alongside his co-founder Mikko Kodisoja, he has established the We Foundation to fight social inequality and help disadvantaged children in Finland.Prior to founding Supercell, he was the CEO & co-founder of Finnish games developer Sumea, which was later acquired by Digital Chocolate, where he worked as President until 2010. Ilkka holds a Master of Science degree from the Helsinki University of Technology.

## Goldacre
- Type: VC Fund
- Location: London, England, United Kingdom
- Relevant deals: 1
- Stages: Seed, Series A, Series B
- Focus: Software, Artificial Intelligence, Information Technology

Goldacre is a family office investment house focusing on asset management businesses. It is dedicated in supporting businesses that drive change through technology in the real estate sector in the UK, Europe, and Israel.Goldacre aims to deliver above-average returns while controlling risk through market analysis, intelligent financing, andintensive investment management.

## FIH Mobile
- Type: VC Fund
- Location: Langfang, Hebei, China
- Relevant deals: 1
- Stages: Series B, Series A
- Focus: Apps, Consumer Electronics, Augmented Reality

FIH Mobile is a handset manufacturing and Integrator services company.

## Lindström
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed
- Focus: Textiles, Manufacturing, Consumer Goods

We are one of Europe's leading textile service companies with over 170 years of experience in the textile industry

## EM Group
- Type: VC Fund
- Location: Helsinki, Southern Finland, Finland
- Relevant deals: 1
- Focus: Battery, Manufacturing, Product Design

EM Group is a Finnish family-owned company that develops and owns electrical. Our most important subsidiary is Ensto. The group companies operate in 20 countries and employ some 1700 people. The group turnover is approximately 250 million euros. www.emgroup.fi

## Etera
- Type: VC Fund
- Location: Helsinki, Southern Finland, Finland
- Relevant deals: 1
- Focus: Robotics, Manufacturing, Internet of Things

Etera is a pension company that takes care of the Finnish pension insurance.


## Stephen Industries
- Type: VC Fund
- Location: Espoo, Southern Finland, Finland
- Relevant deals: 1
- Stages: Seed
- Focus: Manufacturing, Wood Processing

Stephen Industries Inc Oy is a family owned Finnish company. We place great value in technology and innovations that create more environmentally friendly solutions.

## Trung Nguyen
- Type: Angel
- Relevant deals: 1
- Stages: Seed, Pre-Seed
- Focus: Shoes, Gaming, Recycling

Trung Nguyen CEO at Axie Infinity. He attended FPT University during 2010-2017.

## Leaguer Venture Capital
- Type: VC Fund
- Location: Shenzhen, Guangdong, China
- Relevant deals: 1
- Stages: Series A, Seed
- Focus: Artificial Intelligence, Semiconductor, Robotics

Shenzhen Leaguer Venture Capital Co., Ltd. is a high-tech venture capital company founded by Research Institute of Tsinghua University in Shenzhen (RITS) in August 1999. Its current registered capital is RMB 333.3333 million, managing assets amounted to RMB 1.5 billion. With solid capital strength, rich experience of investment and flexiblemechanism, Leaguer VC has invested more than 50 portfolio companies, ranging from IT, new material, medicine, electronics to optomechatronics and hi-tech incubators, etc. The average IRR for the current investments exceeds 30%. Leaguer VC has successfully finished its fund-raising of RMB 160 million in 2009 and set up fund management companies and venture capital companies located in Changzhou and Wuxi.

## Building Ventures
- Type: VC Fund
- Location: Boston, Massachusetts, United States
- Relevant deals: 1
- Stages: Series A, Seed, Series B
- Focus: Software, Construction, Real Estate

Building Ventures is a venture capital firm based in Boston, MA. We partner with Built Environment entrepreneurs and early-stage startups.

## C2 Ventures
- Type: VC Fund
- Location: New York, New York, United States
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, SaaS, Artificial Intelligence

Bridging the gap between founders and capital through content, connections and experience.  


## Übermorgen Ventures
- Type: VC Fund
- Location: Zürich, Zurich, Switzerland
- Relevant deals: 1
- Stages: Seed, Pre-Seed
- Focus: Energy, Software, Renewable Energy

We are an early stage VC for climate tech startups.

## Redbird Ventures
- Type: VC Fund
- Location: Los Angeles, California, United States
- Relevant deals: 1
- Stages: Seed, Pre-Seed
- Focus: Software, SaaS, Supply Chain Management

We're dedicated to building strong relationships and successful businesses. Redbird Ventures is an on-the-ground investment group with an eye on the sky.

## Fennia Group
- Type: VC Fund
- Relevant deals: 1
- Focus: Battery, Manufacturing, Product Design

Fennia Group provides risk management and insurance services for enterprises, entrepreneurs and private households.

## Vesa Puttonen
- Type: Angel
- Location: Helsinki, Southern Finland, Finland
- Relevant deals: 1
- Focus: CleanTech, Advanced Materials, Packaging Services

Vesa Puttonen is a professor of finance from Finland.

## Jukka Rannila
- Type: Angel
- Location: Helsinki, Southern Finland, Finland
- Relevant deals: 1
- Focus: CleanTech, Advanced Materials, Packaging Services

Jukka Rannila Entrepeneur and Investor.

## Shenzhen Lietou Fund
- Type: VC Fund
- Location: Shenzhen, Guangdong, China
- Relevant deals: 1
- Focus: Video, Sensor, Robotics

Shenzhen Lietou Fund

## CMPC Ventures
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed
- Focus: Product Management, Paper Manufacturing

CMPC Ventures invest in entrepreneurship in an agile and determined way.

## Mikko Rannila
- Type: Angel
- Relevant deals: 1
- Focus: CleanTech, Advanced Materials, Packaging Services

Mikko Rannila - Founding Partner @ Magnifier

## Secto Design
- Type: VC Fund
- Location: Kauniainen, Southern Finland, Finland
- Relevant deals: 1
- Stages: Seed
- Focus: Product Management, Paper Manufacturing

Timeless wooden lighting collection with a Scandinavian feel. Handmade in Finland.

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