# Top 45 Medical Startup Investors in Finland in May 2026

| Investor | Relevant Deals | Geography | Stage | Focus |
| --- | --- | --- | --- | --- |
| Finnvera Venture Capital | 7 | Finland, United States, Switzerland | Seed, Series A | Software, Health Care, Information Technology |
| Lifeline Ventures | 5 | Finland, United States, United Kingdom | Seed, Series A | Software, Health Care, E-Commerce |
| Business Finland | 5 | Finland, United States, United Kingdom | Seed, Grant | Software, Information Technology, SaaS |
| Voima Ventures | 5 | Finland, Norway, Sweden | Seed, Pre-Seed | Biotechnology, Health Care, Software |
| Butterfly Ventures | 3 | Finland, Sweden, Norway | Seed, Pre-Seed | Health Care, Software, Information Technology |
| Icebreaker.vc | 3 | Finland, Estonia, Sweden | Pre-Seed, Seed, Series A | Software, Information Technology, Artificial Intelligence |
| Novartis Venture Fund | 3 | United States, Switzerland, United Kingdom | Series B, Series A, Series C | Biotechnology, Health Care, Therapeutics |
| Reaktor Ventures | 3 | Finland, Germany, United States | Seed, Pre-Seed, Series A | Software, Internet, Health Care |
| Metsola Ventures | 2 | Finland | Series A | Medical, mHealth, Health Care |
| Novo Holdings | 2 | United States, Denmark, United Kingdom | Series A, Series B, Series C | Biotechnology, Health Care, Medical |
| Vesalius Biocapital Partners | 2 | Belgium, Germany, The Netherlands | Series B, Series A, Series C | Biotechnology, Health Care, Medical |
| Inventure | 2 | Finland, Sweden, Denmark | Seed, Series A | Software, Information Technology, Health Care |
| Maki.vc | 2 | Finland, Germany, United Kingdom | Seed, Series A | Software, SaaS, E-Commerce |
| Jyri Engestrom | 2 | United States, Finland, Canada | Seed, Series A, Pre-Seed | Software, Apps, Health Care |
| Karolinska | 2 | Sweden, Denmark, United States | Seed, Series A | Biotechnology, Health Care, Pharmaceutical |
| Anssi Vanjoki | 2 | Finland | Angel, Series A | Medical, Hardware, Health Care |
| Innovestor | 2 | Finland, Denmark, Sweden | Seed, Series A | Software, Health Care, Manufacturing |
| Metaplanet Holdings | 1 | United States, United Kingdom, Estonia | Seed, Series A, Series B | Artificial Intelligence, Software, Machine Learning |
| Springvest | 1 | Finland | Series A | Biotechnology, Health Care, Energy |
| Debiopharm Innovation Fund | 1 | Switzerland, United States, France | Series A, Series B, Series C | Health Care, Biotechnology, Medical Device |
| Cascara Ventures | 1 | Germany, Finland, The Netherlands | Series A, Seed, Series B | Medical, Health Care, Biotechnology |
| High-Tech Grunderfonds | 1 | Germany, Switzerland, United States | Seed, Series A | Software, Information Technology, Biotechnology |
| Ascend Capital Partners | 1 | Finland, United States, Canada | Series A, Seed | Health Care, Medical Device, Automotive |
| XR Invest | 1 | Finland, United States | Series A, Series C | Medical Device, Sensor, Medical |
| Nordea | 1 | Finland, Sweden, Norway | Debt Financing, Seed | FinTech, Financial Services, Banking |
| Cor Group | 1 | Finland | Seed, Pre-Seed, Series A | Health Care, Medical, Biotechnology |
| Tesi | 1 | Finland, United States, Argentina | Series A, Series B | Software, Manufacturing, Health Care |
| Inveni Capital | 1 | Finland, United Kingdom |  | Medical, Health Care, Biotechnology |
| Capricorn Partners | 1 | Belgium, United States, The Netherlands | Series B, Series A | Biotechnology, Health Care, Software |
| Noaber | 1 | The Netherlands, Israel, Sweden | Seed, Series A | Health Care, Medical, Fitness |
| Marten Mickos | 1 | United States, Finland, Sweden | Seed, Series A, Convertible Note | Software, Internet, Enterprise Software |
| Ali Omar | 1 | Finland, United States, Estonia | Seed, Pre-Seed, Angel | Software, SaaS, Artificial Intelligence |
| Esther Dyson | 1 | United States, Canada, Russian Federation | Seed, Series A | Health Care, Medical, Software |
| Visionplus | 1 | Finland, United States, United Kingdom | Seed, Series A | Software, Information Technology, Internet |
| M Ventures | 1 | United States, Switzerland, United Kingdom | Series A, Series B, Seed | Biotechnology, Health Care, Therapeutics |
| SHS Capital | 1 | Germany, Switzerland, France | Series C, Series A | Health Care, Medical Device, Biotechnology |
| Hadean Ventures | 1 | Sweden, Norway, Austria | Series A, Series B | Biotechnology, Health Care, Pharmaceutical |
| Way to Wellville | 1 | United States, Finland | Series B, Series A | Software, Health Care, Medical |
| Sunstone Life Science Ventures | 1 | Denmark, Sweden, Switzerland | Series B, Series A | Biotechnology, Health Care, Medical |
| Athensmed | 1 | Finland | Seed, Series A | Health Care, Medical, mHealth |
| Jukka Tapaninen | 1 | Finland | Seed | Medical, Software, Education |
| Nuard Ventures | 1 | Finland, Germany, United States | Seed | IaaS, Real Time, Predictive Analytics |
| Kustaa Piha | 1 | Finland | Seed | Health Care, Medical, mHealth |
| Petri Pöyhönen | 1 | Finland | Series A | Medical, Biotechnology, Medical Device |
| Asko Schrey | 1 | Finland | Seed | Medical, Health Care, Machine Learning |

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