Top VCs for Finnish startups
Updated 23 Oct 2026
311
Startups in Finland with investors recorded
36
VCs backing 3 or more
22 / 36
Of the top list based in Finland
Venture capital firms
| # | Investor | Based in | Startups | Since 2024 | Best-funded companies |
|---|---|---|---|---|---|
| 1 | Lifeline Ventures | Helsinki, Finland | 20 | 10 | TILT Biotherapeutics, Swarmia, Veri |
| 2 | Icebreaker.vc | Helsinki, Finland | 18 | 6 | ReOrbit, Aibidia, Flowhaven, Licensing Suite |
| 3 | Superhero Capital | Helsinki, Finland | 14 | 5 | eMabler, Mjuk, TheStorage |
| 4 | Inventure | Helsinki, Finland | 14 | 3 | ReOrbit, Wirepas, UpCloud |
| 5 | Gorilla Capital | Helsinki, Finland | 11 | 5 | Serviceform, Manna Insect, Upsy Company |
| 6 | Butterfly Ventures | Oulu, Finland | 11 | 2 | Valossa, Foodiac, Flow Computing |
| 7 | Maki.vc | Helsinki, Finland | 10 | 3 | Happeo, Quanscient, Zevoy |
| 8 | Visionplus | Helsinki, Finland | 10 | 0 | Smarp, Gizlo, Olento life |
| 9 | Innovestor | Helsinki, Finland | 9 | 8 | Confidentialmind, Polku Therapeutics, Kausal |
| 10 | Redstone.VC | Berlin, Germany | 9 | 4 | Kelluu, Marginum, SeeTrue Technologies |
| 11 | Vendep Capital | Espoo, Finland | 7 | 2 | Happeo, Agileday, AppFollow |
| 12 | Trind Ventures | Tallinn, Estonia | 7 | 1 | Boksi, Mjuk, Showell |
| 13 | Antler | Singapore, Singapore | 6 | 5 | QMill, Nvelop, Homie |
| 14 | Illusian Founder Office | Helsinki, Finland | 6 | 4 | Supermetrics, Zero, Realm |
| 15 | Nidoco | Stockholm, Sweden | 6 | 4 | eMabler, CollectiveCrunch, CHAOS |
| 16 | Voima Ventures | Helsinki, Finland | 6 | 3 | MVision AI, Kuva Space, Enifer |
| 17 | Reaktor Ventures | Helsinki, Finland | 6 | 0 | Valossa, Valohai, Timma |
| 18 | OpenOcean | Helsinki, Finland | 5 | 2 | Verto Analytics, Supermetrics, Workfellow |
| 19 | Crowberry Capital | Reykjavík, Iceland | 4 | 2 | Quanscient, Ellie.ai, Saidot |
| 20 | Play Ventures | Singapore, Singapore | 4 | 2 | Social First, Loupedeck, Tribo Games |
| 21 | Tiny Supercomputer Investment Company | London, United Kingdom | 4 | 2 | Zero, Meeshkan, LumiDB |
| 22 | FOV Ventures | Helsinki, Finland | 4 | 1 | aino.ar, Flow Computing, Doublepoint |
| 23 | Conor Venture Partners | Espoo, Finland | 4 | 0 | Zervant, Aito Technologies, Helmi Technologies |
| 24 | Seedcamp | London, United Kingdom | 4 | 0 | Flow AI, Speechly, Holvi |
| 25 | Sofokus | Turku, Finland | 3 | 2 | eMabler, Wudpecker, Clevenio |
| 26 | Ventech | Paris, France | 3 | 2 | Treon, N.Rich Inc., CeLLife Technologies |
| 27 | Global Founders Capital | Berlin, Germany | 3 | 1 | Aibidia, Flowhaven, Licensing Suite, Matchmade |
| 28 | Korpun Siemen | Oulu, Finland | 3 | 1 | Upsy Company, Maire, Mekiwi |
| 29 | Nordic Foodtech VC | Helsinki, Finland | 3 | 1 | Kuva Space, Happy Plant Protein, PaRAS Aqua |
| 30 | Nordic Makers | Stockholm, Sweden | 3 | 1 | Meeshkan, Munchfam, Cooler Future |
| 31 | CapMan | Helsinki, Finland | 3 | 0 | Neural DSP, Unikie, Hantro Products |
| 32 | Endeit Capital | Amsterdam, The Netherlands | 3 | 0 | Happeo, IPRally, Leadfeeder |
| 33 | Nexit Ventures | Helsinki, Finland | 3 | 0 | Boksi, Hantro Products, Fuugo |
| 34 | Spintop Ventures | Östersund, Sweden | 3 | 0 | Dazzle Rocks, Flashnode, IPRally |
| 35 | StartUp Health | New York, United States | 3 | 0 | Buddy Healthcare, Myontec, Chabla |
| 36 | Wave Ventures | Helsinki, Finland | 3 | 0 | Boksi, Solu, Taika Tech |
Venture capital firms by startups in Finland in their portfolio. Source: FundingWatcher. Data as of 23 October 2026. Base: 311 startups.
Accelerators, incubators and public funders
| # | Investor | Type | Based in | Startups | Since 2024 |
|---|---|---|---|---|---|
| 1 | Business Finland | Government investment office, Venture capital firm | Helsinki, Finland | 46 | 15 |
| 2 | Tesi | Government investment office, Private equity firm, Venture capital firm | Helsinki, Finland | 19 | 4 |
| 3 | Gorilla Ventures Oy | Startup accelerator | Helsinki, Finland | 12 | 2 |
| 4 | Finnvera Venture Capital | Government investment office, Venture capital firm | Kuopio, Finland | 8 | 3 |
| 5 | EIT Digital Accelerator | Startup accelerator, Venture capital firm | Brussels, Belgium | 7 | 0 |
| 6 | MassChallenge | Startup accelerator | Boston, United States | 4 | 2 |
| 7 | VentureOut | Startup accelerator, Startup incubator | New York, United States | 4 | 0 |
| 8 | xEdu | Startup accelerator, Startup incubator | Helsinki, Finland | 4 | 0 |
| 9 | European Innovation Council | Startup accelerator, Venture capital firm | Brussels, Belgium | 3 | 2 |
| 10 | GSD Venture Studios | Startup accelerator, Entrepreneurship program, Venture capital firm | Menlo Park, United States | 3 | 0 |
| 11 | Newchip Accelerator | Startup accelerator, Startup incubator, Venture capital firm | Austin, United States | 3 | 0 |
Accelerators, incubators and government investors by startups in Finland. Source: FundingWatcher. Data as of 23 October 2026. Base: 311 startups.
Method
A startup counts for an investor when the investor is among the investors recorded for the company across all its rounds. The startups are companies headquartered in Finland whose most recent round is pre-seed, seed, angel or Series A through J. "Since 2024" counts the companies whose most recent round is dated 1 January 2024 or later. Venture capital firms are investors typed as venture capital or micro VC and not also as accelerator, incubator or government office. An investor needs 3 companies to be ranked. Ties go to the higher count since 2024. Best-funded companies are the three with the most total funding.
Other countries
United States3,096
China574
United Kingdom438
Germany303
India263
Canada227
France219
Israel168
Singapore166
South Korea137
Japan130
Brazil111
Australia102
Spain84
The Netherlands78
Switzerland66
Mexico54
Indonesia47
Poland45
Sweden44
United Arab Emirates40
Turkey40
Italy36
Denmark31
Saudi Arabia28
Belgium26
Cite: FundingWatcher, top vcs for finnish startups, 23 October 2026. https://fundingwatcher.com/investors/top/finland/