Investors in Finland

Business Finland is a Finnish public operator and government agency that provides innovation funding, internationalization services, and promotes investment in Finland. It focuses on accelerating sustainable growth for startups, SMEs, and research organizations.

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 private co-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

One of the largest and most active business angel networks in the world, based in Finland, connecting startups with over 600 private investors.

Vaens is a venture capital firm specializing in startups, early-stage & growth capital investments. The firm prefers to invest in companies that fulfills sustainability issue (social, environmental and economic) with focus on IT, B2B software & software-as-a-service sectors. It prefers to invest in Finland. Vaens was founded in 1999 and is based in Helsinki, Finland.

CapMan is a leading Nordic private assets management and investment company. They have built value in unlisted businesses, real estate and infrastructure for 30 years. They serve investors in the private assets class on a broad scale. Their roots are Nordic but their handprint and their networks are international. At CapMan, they build better organised, managed, and financially stable companies, because this contributes to overall economic well-being. More jobs and innovations equal better conditions for the society. Similarly, they invest in real estate and infrastructure, because they believe that functional high-quality environments and utilities are cornerstones for functioning societies.

Embria is a serial startup founder with HQ in Cyprus and representative offices in Russia (St.Petersburg) and Finland (Joutseno). Embria has been creating startups in-house from scratch and investing in perspective startups in AdTech, FinTech, games, social networks/social services since 2007. In 2019 Embria had focused on building startups and investing into startups in mobile - primarily Wellness and Social. Currently Embria has 20+ Internet companies in portfolio, together companies employ 1500+ people worldwide.

Maki.vc is an early stage venture capital firm dedicated to partnering with founders who never conform to category standards. From inception to series A and beyond, we partner with deep tech and brand driven companies obsessed in challenging category norms.

Taaleri is a Nordic investment and asset manager that focuses on businesses with industrial-scale opportunities within bioindustry and renewable energy. We create value by combining extensive know-how, deep expertise, entrepreneurship and capital through both funds under management and direct investments. We have been a signatory of the UN Principles for Responsible Investment (PRI) since 2010, and we joined the Net Zero Asset Managers initiative in 2021. Taaleri’s vision is to become a leading investment manager operating internationally in bioindustry and renewable energy.

xEdu OY is an accelerator and venture capital firm specializing in incubation and educational learning solutions startups. The firm prefers to invest in edtech sector. It focuses to invest globally. The firm provides Equity investment starting from €0.010 million ($0.01 million) and can go up to €0.3 million ($0.31 million) for participating startups. It offers a half year acceleration program. The firm is headquartered in Helsinki, Finland.

eQ Group is a Finnish group of companies that concentrates on asset management and corporate finance operations. The share of the parent company eQ Plc is listed on NASDAQ Helsinki. eQ Asset Management Ltd and its subsidiaries offer its clients services related to mutual and private equity funds, discretionary asset management, structured investment products, investment insurance policies, and a large range of mutual funds offered by international partners. The asset management clients are institutional investors and private individuals. In addition, Advium Corporate Finance Ltd, which is part of the Group, offers services related to mergers and acquisitions, real estate transactions and equity capital markets. The Group employs about 90 experts in the finance sector.

MB Funds is a Finnish venture capital company that invests mainly in medium-sized companies in Finland. Our mission is to build sustainable growth for our portfolio companies as well as responsible returns for our investors.We are the right partner when there is a change in ownership or business. The cornerstones of our business are responsible ownership, partnership based on trust and profitable cooperation. The return on investment is generated by selling the company to a new owner, typically 3-7 years after the investment.

We are Republic, Finland’s only commercially driven award-winning communications and marketing agency. We are more commercial than a PR agency, more strategic than an advertising agency, and more integrated than a digital agency. We turn our client’s ambitions into strategies, actions and measurable results.

Ajanta Oy is no longer investing. It is a private equity firm and venture capital firm specializing in early stage, bolt on acquisition and buyout. The firm seeks majority stakes. It seeks to invest in unlisted and listed companies primarily in finance, retail, clean technology, communication industries and media companies. It typically invests in companies based in Finland, Sweden, Belgium and United Kingdom. It also engages in real estate investment activities. Ajanta Oy was founded in 1989 and is based in Helsinki, Finland and an additional office in Brussels, Belgium.

CapitalT is a Venture Capital firm specializing in seed, startups and early stage investments. The firm prefers to invest in artificial intelligence, software technology companies with a primary focus on climatetech and the future of work and building scalable solutions to urgent challenges from decarbonization to the transformation of work. The firm prefers to invest in companies based in Netherlands, United Kingdom, Sweden, Norway, Denmark, Finland and Germany. The firm seeks to invest between €0.25 million ($0.28 million) and €3 million ($3.41 million) in companies. CapitalT was founded in2020 and based in Amsterdam, Netherlands.

Inventure is an early-stage venture capital firm based in Helsinki, Finland, specializing in backing ambitious Nordic and Baltic founders. Since its inception in 2005, Inventure has supported over 100 teams across various sectors, including deep tech, consumer internet, health tech, AI, and B2B SaaS. Notable portfolio companies include Wolt, Swappie, Stravito, and Jobbatical. The firm focuses on Seed and Series A investments, with typical ticket sizes ranging from €300,000 to €5 million, and a sweet spot of €1-3 million. As of 2022, Inventure manages €377 million in assets. ( The team is known for its hands-on approach, providing not only capital but also strategic support to help founders navigate challenges and scale their businesses.

Miston Oy is a private equity and venture capital firm specializing in direct and fund of fund investments. Within direct investments, it invests in company buyouts and start-up companies, listed and unlisted companies. Within fund of fund investments, it invests in private equity funds and venture capital funds. It invests in all sectors apart from gaming industry. The firm typically invest in both Finnish and global companies. The firm prefers to take majority shareholdings in its portfolio companies. It makes balance sheet investments. Miston Oy was founded in 1988 and is based in Espoo, Finland.

Sontek Oy is a venture capital firm. Sontek Oy is early-stage startups Industries that are important to us are B2B SaaS, medical and health technologies, and cleantech. based in Espoo, Finland with additional offices in Espoo, Finland; Tampere, Finland.

Innovestor is an active Finnish investment manager focusing on venture capital, real estate, and energy storage. Established in 2014, the firm has grown to a team of 30 professionals and manages over €400 million in capital commitments. Innovestor's mission is to "make Good Money" by bringing together entrepreneurs, investors, and partners to build a powerful community that positively impacts society. The firm invests in early-stage technology and life science & health startups, emphasizing breakthrough innovations that drive productivity improvements, job creation, and economic prosperity. In real estate, Innovestor focuses on cashflow-generating, energy-efficient commercial properties with strong long-term value appreciation potential. Their energy storage investments support the clean energy transition, with a particular focus on integrated battery storage systems and solar panel solutions. Additionally, Innovestor offers corporate venturing services, providing corporates with venture capital-level access to the European startup market through advisory, scouting, and partnership guidance.

Kvanted Oy is a venture capital firm specializing in early stage, start-ups, pre-seed to Series A and follow-on investment. It prefers to invest in industrial technology with focus on software, hardware, robotics, AI and autonomous systems, connectivity, data processing and sensing technology, circularity, biomaterials, service solutions, industrial automation, sustainability, and supply chain resilience. It prefers investing in industries across Northern Europe focusing on Nordic,DACH, France, Benelux, the UK and Ireland. The firm prefer to make equity investment between €0.5million ($0.53 million) and €3million ($3.23 million). Kvanted Oy is based in Helsinki, Finland.

OpenOcean is an early-stage venture capital firm operating across Europe with offices in London, Helsinki, and Amsterdam. With an entrepreneurial background from building several category-defining software businesses, the firm engages with founders to build global and scalable companies delivering data-intensive and delicious software solutions. OpenOcean typically leads or co-leads European €5M Series A funding rounds. Since inception, the firm has raised three funds totaling €150M.

Seven2 sas is a private equity firm specializing in middle markets, later stage, carve-outs of business divisions from French or multinational corporations, public to private operations (PtoPs), and leveraged buyout in mid-caps and small and medium-sized companies. It seeks to invest in technologies, telecom, retail and consumer, media, healthcare, and business and financial services sectors. In information technology sector the firm focuses on high-tech goods and services, software technologies, hardware, emerging application segments, and services based on the mastery of new technologies. In specialized retail and consumer, it typically invests in home appliances, household goods and services, specialty retail chains, personal equipment, direct retail and e-commerce, business to business distribution, and consumer goods. In the media sector the firm seeks to invest in professional and technical publishing, broadcasting, business to business publishing, business, scientific and technical information, marketing, research, and design service companies, traditional and online, media agencies, rights, premium content and the supply of Internet content. It seeks to make investments in the telecommunications sector in segments including infrastructure and services, telecom operators, cable operators and technology companies, voice-data-video convergence, and development of new mobile services. The firm also invests in business and financial services in outsourced services focusing on financial services, business process outsourcing, services related to energy and environment. It makes investments in healthcare sectors with a focus on medical devices and services companies including private sector hospital treatment focusing on therapy of new medications or new forms for administering drugs, pharmaceutical laboratories, medical equipment, dermo-cosmetics, galenic development, and services and databases for health organizations, and health services including hospitalization structures, home health care, and medical analysis. The firm seeks to invest in companies based in French-speaking countries including France and Europe. It also invests in Turkey, Australia, Japan, South Korea, New Zealand, North Korea, Austria, Belgium, Denmark, Finland, Germany, Greece, Iceland, Italy, Belgium, Luxembourg, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, United Kingdom, Czech Republic, Hungary, Poland, Slovakia, Mexico, Chile, United States and Canada. It prefers to invest in equity investment between €3.47 million ($3.79 million) and €250 million ($273.2 million) in Mid-Market €50 million ($54.65 million) and €250 million ($273.2 million) and Development: €15 million ($16.40 million) and €50 million ($54.65 million) with sales value between $13.34 million and $2732.9 million and enterprise value between $10.88 million and $1113.52 million. The firm may co-invest with others. It seeks to acquire majority or significant minority stakes and a board seat in its portfolio companies. It prefers minority position if the transaction is based on a genuine partnership with the management team, which confers them certain rights. The firm typically invests for a period of five to seven years on average. It seeks to exit its investments through trade sales, IPOs, secondary buyouts, as well as partial sales, and recaps. Seven2 sas was founded in 1972 and is based in Paris, France with additional offices in Europe.

3B Ventures is liquidating. 3B Ventures is a venture capital firm specializing in startup, pre-seed, seed, bridge, or Series A investments. The firm seeks to invest in energy, water, agriculture, education, health sectors, blockchain, robotics, IoT, Smart Sensors, AR/VR. It prefers to invest in Southeast Asia, Europe, Nordic Region and the US with a focus on Denmark, Sweden, Norway, Finland, Malaysia, Singapore, Thailand, and Indonesia. The firm typically invests between $0.25 million and $1 million, with allocation for follow on funding up to $2 million. It puts a special focus on companies that are aiming to solve at least one of the 17 social or environmental issues included in the United Nations’ Sustainable Development Goals. 3B Ventures is based in Denmark.

KVKI Global is venture capital firm. The firm specializes in startups. The firm seeks to invest in Nordic region. KVKI Capital Oy was founded in 2015 and is based in Helsinki, Finland.

Nostetta Oy is an accelerator specializing in investing in start-up and early-stage companies operating in the technology and health technology sector having high international business potential. Nostetta Oy was founded in 2013 and is based in Kuopio, Finland.

FOV Ventures is Europe’s go-to early-stage fund for the next era of computing—more intelligent, spatial, and human. We invest at pre-seed and seed in Physical AI, Spatial Computing, and Robotics. We were first investors in breakout companies like Distance Technologies and Makiina, and offer LPs early access to top-tier technical founders across Europe and the Nordics.