# Top 15 Travel VC (Venture Capital) Funds in Finland in May 2026 ## Business Finland - Type: VC Fund - Location: Helsinki, Southern Finland, Finland - Relevant deals: 3 - 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. ## Finnvera Venture Capital - Type: VC Fund - Location: Kuopio, Eastern Finland, Finland - Relevant deals: 2 - 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. ## 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. ## Reaktor Ventures - Type: VC Fund - Location: Helsinki, Southern Finland, Finland - Relevant deals: 2 - Stages: Seed, Pre-Seed, Series A - Focus: Software, Internet, Health Care 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. ## Icebreaker.vc - Type: VC Fund - Location: Helsinki, Southern Finland, Finland - Relevant deals: 2 - Stages: Pre-Seed, Seed, Series A - Focus: Software, Information Technology, Artificial Intelligence 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. ## River Venture Partners - Type: VC Fund - Location: Amsterdam, Noord-Holland, The Netherlands - Relevant deals: 1 - Stages: Seed, Angel, Pre-Seed - Focus: Internet, Software, SaaS River Venture Partners is an angel syndicate that focuses on supporting early-stage entrepreneurs in digital media, marketing, e-commerce, entreprise and education technology. ## Alcom - Type: VC Fund - Location: Mariehamn, NA - Åland Islands, Åland Islands - Relevant deals: 1 - Focus: Travel, Internet Ålcom is a local provider of GSM, 3G and LTE mobile; fixed telephony, broadband, ISP services and IPTV in the autonomous Finnish region of the Åland Islands. In 2016, Ålcom partered with Ukko Mobile to extend Ukko Mobile's LTE 450MHz coverage also in Åland.[1] At the same time, Ålcom took a minority stake in Ukko Mobile. ## Tesi - Type: VC Fund - Location: Helsinki, Southern Finland, Finland - Relevant deals: 1 - 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 ## Veritas Venture Partners - Type: VC Fund - Location: Ra'anana, HaMerkaz, Israel - Relevant deals: 1 - Stages: Series A, Series B - Focus: Internet, Software, Mobile Veritas is dedicated to providing entrepreneurs with a fast and discreet reply. They try to be responsive to what is often the entrepreneur's greatest need - a sensitive ear - before and after their investment is made.While they attempt to add value to their portfolio companies in all facets of their development, they believe that the mostvaluable input they provide to entrepreneurs is listening to them and accompanying them in what can be a lonely climb to the top. ## Nordea - Type: VC Fund - Location: Helsinki, Southern Finland, Finland - Relevant deals: 1 - Stages: Debt Financing, Seed - Focus: FinTech, Financial Services, Banking Nordea Bank is Denmark's second-largest bank and counts every fourth Dane among its customers. Through their nationwide network of some 340 branch offices and a broad range of self-service facilities, they are able to offer you a full scale of financial products and services, including Netbank, Online Investment, telephone banking and cashdispensers. ## Vendep Capital - Type: VC Fund - Location: Espoo, Southern Finland, Finland - Relevant deals: 1 - Stages: Seed, Series A - Focus: SaaS, Software, Analytics B2B SaaS specialist VC operating in the Nordics and Baltics. We invest in the best early-stage software entrepreneurs. ## Butterfly Ventures - Type: VC Fund - Location: Oulu, Oulu, Finland - Relevant deals: 1 - 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. ## Activum - Type: VC Fund - Location: Berlin, Berlin, Germany - Relevant deals: 1 - Stages: Seed, Series A, Series B - Focus: Logistics, Software, Real Estate ActivumSG is a private equity investment manager focused on real estate related opportunities in selected European markets. ## Springvest - Type: VC Fund - Relevant deals: 1 - Stages: Series A - Focus: Biotechnology, Health Care, Energy ## Falkensteiner Ventures - Type: VC Fund - Location: Vahr, Bremen, Germany - Relevant deals: 1 - Stages: Pre-Seed, Seed - Focus: Hospitality, SaaS, Travel We support selected founders in hotel, lodging, leisure and elderly care from the concept-, early stage-, pre-seed or seed-phase with specific know how, professional network, investment and infrastructure. Our geographical focus for traction in the first acceleration phase is German speaking Europe - and where you are. # About Shizune Shizune.co is an investor database. Core features: - 48,091 startup investors (angels, VCs, accelerators, and others) - Email, phone, LinkedIn (for intros), socials, and other contact data - Updated daily from public funding news - CSV and Excel export The User can access the full database FOR FREE after signing up: shizune.co