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Startup Funding & Investors in Finland

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Finland and the Nordics offer a strong foundation for early-stage startup funding, especially across the pre-idea, pre-seed, and seed stages. The ecosystem is selective but supportive, built on trust, long-term thinking, and deep collaboration. Startups benefit from patient capital, experienced early-stage VCs, and strong mentorship through accelerators and incubators. Public funding is widely available via Business Finland, ELY Centres, and Finnvera, while university-linked grants and local angel networks further strengthen support. With growing Nordic cross-border collaboration, founders are encouraged to focus on strategic alignment, sustainability, and long-term impact.

Investors in Finland

Finland’s investment ecosystem supports early-stage startups through venture capital firms, angel investors, and public co-investment programs. Investors focus on long-term growth, strong teams, and hands-on collaboration, making Finland a solid base for building scalable and internationally competitive companies.

a) Is There Capital for Startups in Finland?

This question comes up frequently:

“Is there capital in Finland for startups? ”

The answer is: Yes, especially at the early stagebut it’s important to understand how the system works.

Startup capital in Finland is available at pre-idea, pre-seed, and seed stages. However, the funding landscape is:

  • More selective
  • More relationship- and trust-driven
  • Often built on referrals, networks, and long-term partnerships

Before seeking capital, founders should ask one honest question:

Is there a clear strategy for building in this market, or is the effort driven by a vague sense of urgency?

Entering the ecosystem without a grounded plan is possible—but it may take longer, and relationships matter more.

Founders who raise successfully often gain more than money—they get hands-on support, access to networks, and patient capital committed to sustainable growth.


b) Finland and the Nordics: A Serious Launchpad for Startups

Finland and the Nordics consistently produce:

  • Exceptional engineers and technical founders
  • Globally competitive startups
  • Strong foundations in innovation, research, and sustainability

The local ecosystem is unique and sometimes misunderstood. Common challenges include:

  • Slower decision-making
  • Longer fundraising cycles
  • A relatively small domestic market
  • Fragmented regulatory and language environments across Europe

These are valid constraints—but they also encourage depth, strategic clarity, and resilience in startup development.

Early-Stage Venture Capital & Startup Funding in Finland

1. Wave Ventures

 Up to €100,000 (focused on first-ticket angel and pre-seed rounds, Fund III).

Wave Ventures is a student-led venture capital fund investing in ambitious early-stage startups across Finland and the Nordics. The fund focuses on first-time founders at the pre-seed stage, offering not only capital but also hands-on support, access to a strong student and founder network, and early validation within the Finnish startup ecosystem.

2. Grid.vc

First investment is typically between €100,000 and €500,000.

Grid.vc is an early-stage venture capital firm backing technology-driven startups in Finland and Europe. The fund typically invests as the first institutional investor, supporting founders with strategic guidance, operational expertise, and close collaboration during the critical early growth phase.

3. Nostetta Ventures

€30,000 – €150,000

Nostetta Ventures focuses on early-stage Finnish startups, supporting founders with capital and close collaboration during the initial company-building phase.

4. FinestLove VC

€25,000 – €50,000

FinestLove VC backs founders at the idea and validation stage, with a strong emphasis on hands-on, founder-first support.

5. Sparkmind Capital

€100,000 – €1,500,000

Sparkmind Capital invests in education, learning technologies, and human potential, supporting globally scalable impact-driven companies.

6. Voima Ventures

€200,000 – €3,000,000

Voima Ventures backs science-based and deep-tech startups emerging from research and innovation ecosystems.

7. Icebreaker.vc

Up to €1,500,000

Icebreaker.vc invests in early-stage startups with global ambition, offering strategic and operational support.

8. Lifeline Ventures

€100,000 – €2,000,000 per deal

Lifeline Ventures is one of Finland’s most active early-stage investors, supporting founders from day one through multiple rounds.

9. Nordic Science Investments

€50,000 – €3,500,000 (stage-dependent)

Nordic Science Investments focuses on science-driven startups from pre-seed to later growth stages.

10. Leo Capital

$250,000 – $400,000

Leo Capital invests in early-stage technology startups, supporting founders at the initial growth phase.

11. Nordic Foodtech VC

€300,000 – €2,000,000

Nordic Foodtech VC invests in food system innovation, sustainability, and future food technologies.

12. Superhero Capital

€50,000 – €1,000,000

Superhero Capital supports early-stage technology startups with scalable business models.

13. Redstone

€200,000 – €5,000,000

Redstone is a sector-agnostic venture capital firm backing technology-driven companies across Europe.

14. Courage Ventures Funds

€50,000 – €100,000

Courage Ventures Funds focuses on early validation-stage startups.

15. IPR.VC

$250,000 – $1,000,000

IPR.VC invests in IP-driven and deep-tech companies.

16. Greencode Ventures

€2,000,000 per company

Greencode Ventures backs climate and sustainability-focused startups from seed to Series A.

17. Failup Ventures

$500,000 – $1,000,000

Failup Ventures supports ambitious early-stage founders building scalable technology companies.

18. Butterfly Ventures

Approximately €300,000 per startup

Butterfly Ventures invests in early-stage Nordic startups with strong growth potential.

19. Kvanted Oy

€500,000 – €3,000,000

Kvanted Oy invests in technology-driven companies scaling beyond early traction.

20. Gorilla Capital

€50,000 – €200,000

Gorilla Capital focuses on early-stage investments, often at idea or prototype stage.

21. FOV Ventures

$100,000 – $3,000,000

FOV Ventures invests in technology startups across Europe and the United States.

22. Innovestor

€250,000 – €1,500,000

Innovestor backs Nordic technology startups from early stage to growth.

23. VNT Management

€500,000 – €5,000,000

VNT Management supports growth-stage companies with capital and strategic guidance, focusing on long-term value creation and scalable business models.

24. Vendep Capital

€100,000 – €3,000,000

Vendep Capital invests in B2B SaaS startups, helping founders scale revenue-driven businesses and expand into international markets.

25. Maki.vc

€300,000 – €3,000,000

Maki.vc partners with early-stage technology startups, providing hands-on support and expertise in building globally scalable companies.

26. OpenOcean

€2,000,000 – €6,000,000

OpenOcean invests in B2B software companies led by experienced founders, supporting international growth and category leadership.

27. Aboa Venture Management

€100,000 and above

Aboa Venture Management supports early-stage companies, particularly those emerging from research, universities, and innovation ecosystems.

28. Inventure

€300,000 – €5,000,000

Inventure invests in high-growth technology startups, working closely with founders to scale strong businesses from the Nordics.

29. NordicNinja VC

€2,000,000 – €8,000,000

NordicNinja VC helps Nordic startups expand into Asian and global markets, with a strong focus on Japan and cross-border growth.

30. Business Finland

€60,000 – €100,000 (early-stage startups)
€250,000 – €1,250,000 and above (structured innovation programs)

Business Finland provides grants and loans to support innovation, research and development, and international growth for Finnish startups.

31. ESA BIC Finland

Up to €90,000

ESA BIC Finland supports space-related and dual-use startups with funding, mentoring, and access to the European Space Agency network.

Individual Investors & Ecosystem Contributors

The following individuals are active investors, partners, or key contributors to the early-stage startup and venture ecosystem in Finland and the Nordics.

  • Caritta Seppä — VC Investor, Tech Co-Founder, Spintop Ventures
  • Milja Inkeri Mäkelä — COO, Finnish Business Angels Network (FiBAN)
  • Tero Mennander — General Partner, Ventech
  • Oliver Sohlberg — Transactions, Monttu Ventures
  • Mika Marjalaakso — Entrepreneur, Investor, Board Member, Oak Ventures