Finland has become one of Europe’s most dynamic startup hubs, powered by strong public support, deep talent pools, and a collaborative innovation culture. Its competitive edge in digital infrastructure, R&D intensity, and transparent regulatory systems continues to attract both local and international founders, creating an ecosystem built for global scale.
According to PitchBook, Finnish startups raised over €1.5B in venture capital in 2025, fuelled by rapid growth in quantum computing, space tech, healthtech, and enterprise software. With this momentum, Finland now stands out among Nordic innovation hubs for its ability to attract sizable capital and support companies from early-stage concepts to globally competitive scaleups.
With that in mind, here are 10 Finnish VC firms to watch in 2026, funds that play a crucial role at the earliest stages, backing pre-idea, pre-seed, and seed founders with funding, networks, and hands-on support to get started in Finland.
Voima Ventures
Image credits: Voima Ventures
Founder/s: Inka Mero, Mikko Kumpulainen
Founded year: 2019
One of the leading deeptech investors in the z Nordics is Voima Ventures. It backs companies built around scientific breakthroughs rather than short-term market trends. The firm focuses on innovations in advanced materials, life sciences, synthetic biology, circular chemistry, and climate technology.
Last year, the VC firm closed a €100 million Fund III to support 25-30 deeptech startups across the Nordic and Baltic regions. It invested €200K to €3 million in these companies. Its focus areas include life sciences, energy, food, quantum technology, and advanced AI. This fund invested in notable startups, including ÄIO and Liquid Sun.
Lifeline Ventures
Image credits: Lifeline Ventures
Founder/s: Timo Ahopelto, Petteri Koponen
Founded year: 2009
Lifeline Ventures is famous for spotting exceptional founders long before they become category leaders. The firm recently closed a €150M fifth fund, continuing its strategy of investing extremely early, sometimes even before a company is incorporated. Its speciality lies in backing bold bets in healthtech, gaming, software, defence, and industrial automation.
The firm’s portfolio history speaks for itself. It was an early investor in Wolt, Aiven, Oura, ICEYE, and Supercell. Lifeline Ventures continues to be one of Europe’s most consistent unicorn producers.
The VC’s initial investment is from €100K to €2 million per deal.
Business Finland
Image credits: Business Finland
Founder/s: Tekes and Finpro
Founded year: 2018
Business Finland plays a unique role in the ecosystem as a state-backed organisation providing grants, loans, and co-investment to Finnish startups from early prototypes to global expansion. Unlike traditional VCs, Business Finland is structured to support the national innovation strategy, enabling founders to validate risky ideas without immediate commercial pressure.
It supports globalisation through export programs, R&D incentives, and innovation partnerships between startups and larger industrial players. Many notable Finnish startups, including NPHarvest, have benefited from Business Finland support.
The VC provides €60 to €100 k to young startups and €250K to around €1.25 million for companies with structured innovation programs.
Redstone
Image credits: Redstone VC
Founder/s: Samuli Sirén, Michael Brehm
Founded year: 2014
Instead of maintaining a single traditional fund, Redstone partners with corporates, government bodies, and institutional investors to build specialised funds in areas such as fintech, climate, industrial tech, and digital health.
Portfolio examples include FICUS, Noteless and BTRY. Redstone’s approach positions it as a strong partner for founders building in complex, regulated, or emerging technology markets. This VC invests between €200K and €5 million, depending on the startup’s operating sector.
Kvanted
Image credits: Kvanted VC
Founder/s: Maria Wasastjerna, Eerik Paasikivi, Axel Ahlström
Founded year: 2023
Early-stage investor Kvanted connects traditional industries with innovative technology startups. It invests in both hardware and software, as well as service companies developing new solutions for the industrial value chain, with a strong focus on industrial automation, sustainability, and supply chain resilience.
Kvanted Ventures closed its first fund of €70 million and invested in nearly 20 companies with initial investments ranging from €500K to €3 million. Its portfolio includes French deeptech startup Samp and Iceland-based Euler.
Wave Ventures
Image credits: Wave Ventures
Founder/s: Andreas Saari, Anton Backman, Janne Korpela, Olli Rissanen, Aleksis Tapper, Henri Hyvärinen, Pauliina Martikainen, Eero Vartiainen
Founded year: 2016
One of the first European student-driven venture capital firms, Wave Ventures, backs very early founding teams, often at the idea or prototype stage, making it a critical launchpad for first-time entrepreneurs. It focuses on founders building next-gen tools in software, climate, biotech, consumer apps, and digital infrastructure.
The Gen Z VC firm closed its third fund at €7 million, tripling the size of its previous fund. The investor backed Slack, Skype, Supercell, Wolt, and Bolt, among others. It provides up to €100K early-stage funding from its fund.
Nostetta Ventures
Image credits: Nostetta Ventures
Founder/s: Noora Tuikka, Minna Vanninen
Founded year: 2020
Nostetta Ventures invests in pre-seed and early-stage rounds, focusing on Nordic founders tackling global problems in software, climate, and emerging B2B technologies. The firm aims to support practical innovations that can quickly find real customers and scalable revenue streams. It invests between €30K and €150K in these startups.
As an active backer in the Finnish ecosystem, Nostetta has supported companies developing workplace automation tools, supply-chain optimisation software, and next-generation digital platforms. Its portfolio focus makes it a meaningful player in Finland’s early-stage environment.
NordicNinja VC
Image credits: NordicNinja VC
Founder/s: Tomosaku Sohara, Shinichi Nikkuni, Marek Kiisa, Rainer Sternfeld
Founded year: 2019
NordicNinja VC focuses on climate tech, mobility, robotics, digital society, and industrial automation. The firm recently launched its second fund, continuing its mission to support founders building globally scalable deep tech. Its cross-continental network connects Nordic startups with expertise and customers in Japan and other Asian markets, creating expansion opportunities that most European VCs cannot offer.
Its portfolio features well-known companies such as Bolt, Einride, H2 Green Steel, and Kognic. NordicNinja actively backs solutions that support carbon reduction, sustainable manufacturing, and modern infrastructure. It invests €2 million to €8 million across Series A and B rounds.
Vendep Capital
Image credits: Vendep Capital
Founder/s: Sakari Pihlava, Jupe Arala, Hannu Kytölä
Founded year: 2013
A prominent Finnish VC firm, Vendep Capital, specialises in B2B SaaS and AI-driven enterprise software. The firm recently raised an €80M fund aimed at backing Europe’s next generation of SaaS founders. Vendep’s team includes former entrepreneurs who understand the realities of scaling subscription businesses.
Its portfolio includes companies like Leadfeeder, Vainu, Happeo, SaaS.group, and new AI-era SaaS startups emerging from the Nordics. Vendep has become a go-to investor for founders building mission-critical software with global market ambition. It invests €100k to 3 million in it’s portfolio companies.
Maki.vc
Image credits: Maki.vc
Founder/s: Ilkka Kivimäki, Pauliina Martikainen-Rahnu, Pirkka Palomäki, Paavo Räisänen
Founded year: 2018
Maki.vc backs founders from pre-seed to Series A. Its €100M fund supports innovations in quantum, computation, materials, climate, and green chemistry. Unlike many VCs, Maki takes a creative approach to company-building, helping founders refine product narratives, go-to-market strategies, and brand positioning alongside technical development.
The portfolio includes startups such as Happeo, Revela, EniferBio, Volare, and Quantum Motion, spanning biotechnology, quantum computing, and circular materials. Maki.vc invests between €300K and €3 million in portfolio companies.