# Top 50 Sustainability Startup Investors in Finland in May 2026

## Lifeline Ventures
- Type: VC Fund
- Location: Helsinki, Southern Finland, Finland
- Relevant deals: 11
- 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.

## Finnvera Venture Capital
- Type: VC Fund
- Location: Kuopio, Eastern Finland, Finland
- Relevant deals: 9
- 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.

## 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.

## Tesi
- Type: VC Fund
- Location: Helsinki, Southern Finland, Finland
- Relevant deals: 6
- 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

## Butterfly Ventures
- Type: VC Fund
- Location: Oulu, Oulu, Finland
- Relevant deals: 5
- 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.

## Mika Ihamuotila
- Type: Angel
- Relevant deals: 3
- Stages: Seed, Post-IPO Equity
- Focus: Sustainability, FinTech, Internet

Mika Ihamuotila - Board of Directors @ Rovio Entertainment Corporation

## Nidoco
- Type: VC Fund
- Location: Stockholm, Stockholms Lan, Sweden
- Relevant deals: 3
- Stages: Seed, Series B
- Focus: Health Care, Software, Artificial Intelligence

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

## David Helgason
- Type: Angel
- Location: Copenhagen, Hovedstaden, Denmark
- Relevant deals: 2
- Stages: Seed, Pre-Seed
- Focus: Software, Gaming, Information Technology

David is a technologist, the founder of Unity Technologies, non-exec director to others, and a restless entrepreneur with a passion for creating feedback loops between innovation and teams and products, applying new and old business models to changing industries, and pushing people to do the very best they can do.David's background is inprogramming, an assortment of university dabbling, creating companies, and helping entrepreneurs. He served as CEO of Unity Technologies since co-founding it in 2003 and until October 2014, with an unflinching vision to democratize game development, and to develop technology and business models for the next phase of the games industry. David Helgason attended the University of Copenhagen.

## Risto Siilasmaa
- Type: Angel
- Location: Helsinki, Southern Finland, Finland
- Relevant deals: 2
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, SaaS, E-Commerce

Risto Siilasmaa is the Founder at F-Secure. Risto Siilasmaa attended Aalto University.

## 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. 

## Sitra
- Type: VC Fund
- Location: Helsinki, Southern Finland, Finland
- Relevant deals: 2
- Stages: Series A, Series C
- Focus: Health Care, Biotechnology, Therapeutics

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.

## Voima Ventures
- Type: VC Fund
- Location: Helsinki, Southern Finland, Finland
- Relevant deals: 2
- 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.

## Ali Omar
- Type: Angel
- Location: Helsinki, Southern Finland, Finland
- Relevant deals: 2
- 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.

## Inventure
- Type: VC Fund
- Location: Helsinki, Southern Finland, Finland
- Relevant deals: 2
- 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.

## Leena Niemistö
- Type: Angel
- Location: Helsinki, Southern Finland, Finland
- Relevant deals: 2
- Stages: Seed, Pre-Seed
- Focus: Health Care, Software, E-Commerce

Leena Niemistö

## Superhero Capital
- Type: VC Fund
- Location: Helsinki, Southern Finland, Finland
- Relevant deals: 2
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, Information Technology, Internet

Early-stage VC searching for the next Superheroes.

## Springvest
- Type: VC Fund
- Relevant deals: 2
- Stages: Series A
- Focus: Biotechnology, Health Care, Energy

## Wave Ventures
- Type: VC Fund
- Location: Helsinki, Southern Finland, Finland
- Relevant deals: 2
- Stages: Seed, Pre-Seed
- Focus: Software, Mobile Apps, Internet

Founded in 2016, Wave Ventures is the largest student-run VC in Europe, backed by Nordic unicorn founders, investing in Gen Z entrepreneurs at the earliest stage. We operate both from Finland and Sweden with a team of five people from the top universities in the region.

## Übermorgen Ventures
- Type: VC Fund
- Location: Zürich, Zurich, Switzerland
- Relevant deals: 2
- Stages: Seed, Pre-Seed
- Focus: Energy, Software, Renewable Energy

We are an early stage VC for climate tech startups.

## Valve Ventures
- Type: VC Fund
- Location: Helsinki, Southern Finland, Finland
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Energy, CleanTech, Oil and Gas

Valve Ventures is a Helsinki-based angel and early-stage venture investor.

## Mikael Hed
- Type: Angel
- Location: Greater Los Angeles Area, California, United States
- Relevant deals: 2
- Stages: Seed, Angel, Series B
- Focus: E-Commerce, Consumer Electronics, Hardware

Investor, Executive Chairman at Kaiken Entertainment Ltd.

## Bragiel Brothers
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 2
- Stages: Seed, Series A, Pre-Seed
- Focus: Software, FinTech, Information Technology

Bragiel Brothers is an early-stage venture capital fund that invests in seed and Series A rounds.
Dan Bragiel launched the firm in San Francisco, California in 2016.

## VNT Management
- Type: VC Fund
- Location: Vaasa, Western Finland, Finland
- Relevant deals: 1
- 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.

## Ben Feder
- Type: Angel
- Location: New York, New York, United States
- Relevant deals: 1
- Stages: Seed, Series C
- Focus: Shoes, Gaming, Mobile

Ben Feder is an accomplished and creative and entrepreneur and investor, with a long and proven track record in the media and telecommunications sector. He has held pubic company board positions in Japan and the United States. Ben is co-founder of ZelnickMedia, a successful private equity firm in the U.S.that focuses on the media andcommunications industries; and he is formerly the CEO of Take Two Interactive, a $2 billion public video game company that develops and publishes video games such as Grand Theft Auto, NBA 2K, and Civilization.

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

Jukka Rannila Entrepeneur and Investor.

## Conor Venture Partners
- Type: VC Fund
- Location: Espoo, Southern Finland, Finland
- Relevant deals: 1
- Stages: Series A, Series B, Seed
- Focus: Software, Analytics, Semiconductor

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.

## Emerald Technology Ventures
- Type: VC Fund
- Location: Zürich, Zurich, Switzerland
- Relevant deals: 1
- 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.

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

Lauri Rosendahl is Senior Vice President of Global Trading & Market Services for Nasdaq. He is responsible for equity and equity derivatives trading and products at Nasdaq in Europe, and he is also President of NASDAQ OMX Helsinki Ltd since 2009. From February 2013 to May 2014, Mr. Rosendahl oversaw Nordic Equities and Equity Derivativeswithin Nasdaq’s Transaction Services Nordic division. Since joining Nasdaq in May 2009 until February 2013, Mr. Rosendahl was Head of Product Management for Nordic Equities and Nordic Equity Derivatives. During this time, Nasdaq Nordic implemented CCP clearing for cash equities and launched INET trading system for cash equities and GENIUM INET for equity derivatives. From January 2012 to February 2013, he was, in parallel, responsible for the Baltic and Armenian operations of Nasdaq, during which time the Baltic operations was re-organized and integrated into one regional operation. Mr. Rosendahl has over 20 years of experience in the financial markets, having held several senior management positions within securities trading, equity research and investment banking with several banks and brokers including Deutsche Bank, ABN Amro / Alfred Berg, Carnegie and Kaupthing. He also has a long renowned career as a telecom equipment analyst, in particular for his highly ranked research work on Nokia. As Head of the Helsinki Stock Exchange, Mr. Rosendahl is also a board member of the Securities Market Association in Finland, which is responsible for Corporate Governance and Takeover issues in Finland. Mr. Rosendahl has been a founding member of The Finnish Financial Analyst Society and a board member from 1989 to 1993. He has further acted as member of the board of The Finnish Brokers' Association (1992-1996, 2004-2005), The Private Brokers' Association (1992-1996) and on the Supervisory Board of the Helsinki Stock Exchange (1993-1995). Mr. Rosendahl has also acted as a Member of the Board in the Finnish Deposit Guarantee Fund (2008 – Feb 2009).

## 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.  


## VTT Ventures
- Type: VC Fund
- Location: Espoo, Southern Finland, Finland
- Relevant deals: 1
- 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?

## Infosto
- Type: VC Fund
- Location: Espoo, Southern Finland, Finland
- Relevant deals: 1
- Stages: Series A, Series B, Series C
- Focus: Sensor, Organic, Automotive

Infosto is a Finland-based venture capital firm that specializes in early stage investments.

## John Nurminen Oy
- Type: VC Fund
- Location: Helsinki, Southern Finland, Finland
- Relevant deals: 1
- Stages: Series A
- Focus: CleanTech, Clean Energy, Renewable Energy

John Nurminen Oy is a company that provides distributor of nautical charts.

## 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.

## Fortum
- Type: VC Fund
- Location: Espoo, Southern Finland, Finland
- Relevant deals: 1
- Stages: Series A
- Focus: CleanTech, Clean Energy, Renewable Energy

Fortum’s competence in waste-to-energy and strong financial resources, a true Nordic circular economy champion will be formed.

## Aleksander Leonard Larsen
- Type: Angel
- Relevant deals: 1
- Stages: Seed, Series A, Pre-Seed
- Focus: Gaming, Digital Entertainment, Video Games

Aleksander Leonard Larsen is the Co-Founder and COO at Sky Mavis.

## Finow
- Type: VC Fund
- Relevant deals: 1
- Focus: Energy, Oil and Gas, Renewable Energy

Finow

## Riitta Ekengren
- Type: Angel
- Location: Helsinki, Southern Finland, Finland
- Relevant deals: 1
- Stages: Seed
- Focus: Biotechnology, Environmental Engineering

Riitta Ekengren is an Angel Investor.

## Granström Mari
- Type: Angel
- Relevant deals: 1
- Stages: Seed
- Focus: Biotechnology, Environmental Engineering

Granström Mari is the Chief Science Activist at Origin by Ocean.

## KPMG
- Type: VC Fund
- Location: Amstelveen, Noord-Holland, The Netherlands
- Relevant deals: 1
- Stages: Series A, Series B
- Focus: Software, Information Technology, Enterprise Software

KPMG is a global network of professional firms providing Audit, Tax & Advisory services.

## LähiTapiola
- Type: VC Fund
- Location: Espoo, Southern Finland, Finland
- Relevant deals: 1
- 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.

## Taaleri
- Type: VC Fund
- Location: Helsinki, Southern Finland, Finland
- Relevant deals: 1
- 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.


## 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.

## Climate Investment
- Type: VC Fund
- Location: London, England, United Kingdom
- Relevant deals: 1
- Stages: Series B, Series C, Series A
- Focus: Energy, CleanTech, Manufacturing

OGCI Climate Investments focuses on delivering the transition to lower carbon emission energy sources. The leaders of the ten major oil and gas companies are committed to the direction set out by the Paris Agreement on climate change. They support its agenda for global action and the need for urgency. Through their collaboration in Oil and GasClimate Initiative (OGCI), they can be a catalyst for change in their industry and more widely.OGCI aims to increase the ambition, speed and scale of the initiatives they undertake as individual companies to reduce the greenhouse gas footprint of their core oil and gas business – and to explore new businesses and technologies.

## Kiilto Ventures
- Type: VC Fund
- Location: Helsinki, Southern Finland, Finland
- Relevant deals: 1
- Stages: Seed
- Focus: Construction, CRM, Hospital

Kiilto Ventures is a family-owned company. Kiilto invests strongly in growth and renewal, determined to keep on reinventing and challenging themselves beyond their present core business.

## Moomin Characters
- Type: VC Fund
- Location: Helsinki, Southern Finland, Finland
- Relevant deals: 1
- Stages: Seed
- Focus: Biotechnology, Environmental Engineering

Moomin Official Site: discover Moominvalley and the magical characters created by Tove Jansson. Get the latest Moomin news and stories.

## True Ventures
- Type: VC Fund
- Location: Palo Alto, California, United States
- Relevant deals: 1
- Stages: Series A, Seed, Series B
- Focus: Software, Information Technology, Internet

A Silicon Valley-based venture capital firm focused on early stage technology startups. We invest in brilliant people who bring ideas that matter to life.

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

Mikko Rannila - Founding Partner @ Magnifier

## Mikael Westerlund
- Type: Angel
- Location: Raseborg, Southern Finland, Finland
- Relevant deals: 1
- Stages: Seed
- Focus: Biotechnology, Environmental Engineering

Mikael Westerlund is the Founder and Chief Business Activist at Origin by Ocean.

## 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

## Lakan Betoni
- Type: VC Fund
- Location: Joensuu, Eastern Finland, Finland
- Relevant deals: 1
- Stages: Seed
- Focus: Industrial Manufacturing, Environmental Engineering

Lakan Betoni is a building material company that produces concrete blocks, environmental concrete, ready-mix concrete, and dry mix products.

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