15 venture capital firms in Finland
We list 15 venture capital firms in Finland as of November 2026: each was checked on its own website or an official register, and the list was last checked on 7 Nov 2026. The cities with the most head offices on this list are Helsinki (10), Espoo (1) and Oulu (1).
Top 10 venture capital firms in Finland, ranked by recent fund activity
Among firms with a published profile and a dated fund or deal in the last 24 months. The rule: Activity score out of 100: recency of the latest fund filing or dated deal (50: full marks within 3 months, then stepping down at 6, 12 and 24 months), size of the fund on file on a log scale (35) and completeness of the public record (15). It is a measure of activity and fit, not of quality or returns. The same rule orders the whole list; it is repeated in the method box.
Wave Ventures
Type: VC firm · HQ: Helsinki, Finland · Stages: Pre-seed · Focus: Generalist, AI, Climate Tech · Latest activity: Portfolio news, Oct 2026 · Fund size or assets: €10M (own site)
Portfolio news dated Oct 2026; €10M on file (own site); backs pre-seed; 4 named decision-makers on file.
Maki.vc
Type: VC firm · HQ: Helsinki, Finland · Stages: Pre-seed, Seed · Focus: AI, Deep Tech, Quantum, Fintech · Latest activity: Portfolio news, Feb 2026 · Fund size or assets: €260M (own site)
Portfolio news dated Feb 2026; €260M on file (own site); backs pre-seed, seed; 3 named decision-makers on file.
Superhero Capital
Type: VC firm · HQ: Finland · Stages: Pre-seed, Seed · Focus: Generalist, SaaS, AI · Latest activity: Portfolio news, Oct 2026
Portfolio news dated Oct 2026; backs pre-seed, seed; 4 named decision-makers on file.
Innovestor Life Science & Health Fund
Type: VC firm · HQ: Helsinki, Finland · Stages: Pre-seed, Seed, Series A · Focus: Healthtech, Biotech · Latest activity: New fund, Nov 2025 · Fund size or assets: €90M (own site)
Latest fund filing dated Nov 2025; €90M on file (own site); backs pre-seed, seed, Series A; 5 named decision-makers on file.
Vendep Capital
Type: VC firm · HQ: Espoo, Finland · Stages: Pre-seed, Seed · Focus: SaaS, B2B, AI · Latest activity: New fund, Jun 2025 · Fund size or assets: €80M (own site)
Latest fund filing dated Jun 2025; €80M on file (own site); backs pre-seed, seed; 4 named decision-makers on file.
Failup Ventures
Type: VC firm · HQ: Helsinki, Finland · Stages: Pre-seed, Seed · Focus: AI, Healthtech, Consumer, Energy · Latest activity: New fund, Jul 2026
Latest fund filing dated Jul 2026; backs pre-seed, seed; 2 named decision-makers on file.
Voland Partners
Type: VC firm · HQ: Helsinki, Finland · Stages: Growth · Focus: SaaS, B2B, Deep Tech · Latest activity: New fund, Jun 2026
Latest fund filing dated Jun 2026; backs growth-stage; 1 named decision-maker on file.
Greencode Ventures
Type: VC firm · HQ: Helsinki, Finland · Stages: Seed, Series A · Focus: Climate Tech, AI, Energy, Deep Tech · Latest activity: Investment listed in 2026
Lists an investment made in 2026; backs seed, Series A; 3 named decision-makers on file.
Butterfly Ventures
Type: VC firm · HQ: Oulu, Finland · Stages: Seed · Focus: Deep Tech, Energy, Healthtech, Hardware · Latest activity: Investment listed in 2026
Lists an investment made in 2026; backs seed; 1 named decision-maker on file.
OpenOcean
Type: VC firm · HQ: Helsinki, Finland · Stages: Pre-seed, Seed, Series A · Focus: AI, SaaS, B2B, Developer Tools · Latest activity: Investment listed in 2026
Lists an investment made in 2026; backs pre-seed, seed, Series A; 5 named decision-makers on file.
First 10 of 15 venture capital firms in Finland
| Investor | Type | HQ | Stagesour research | Focusour research | Latest fund or deal | Fund sizeas filed or stated | Checked | Contacts |
|---|---|---|---|---|---|---|---|---|
| Wave Ventures | VC firm | Helsinki, Finland | Pre-seed | Generalist, AI, Climate Tech | Portfolio news, Oct 2026 | €10M (own site) | 7 Nov 2026 | 4 names · Unlock |
| Maki.vc | VC firm | Helsinki, Finland | Pre-seed, Seed | AI, Deep Tech, Quantum, Fintech | Portfolio news, Feb 2026 | €260M (own site) | 7 Nov 2026 | 3 names · Unlock |
| Superhero Capital | VC firm | Finland | Pre-seed, Seed | Generalist, SaaS, AI | Portfolio news, Oct 2026 | 7 Nov 2026 | 4 names · Unlock | |
| Innovestor Life Science & Health Fund | VC firm | Helsinki, Finland | Pre-seed, Seed, Series A | Healthtech, Biotech | New fund, Nov 2025 | €90M (own site) | 7 Nov 2026 | 5 names, firm email · Unlock |
| Vendep Capital | VC firm | Espoo, Finland | Pre-seed, Seed | SaaS, B2B, AI | New fund, Jun 2025 | €80M (own site) | 7 Nov 2026 | 4 names, firm email · Unlock |
| Failup Ventures | VC firm | Helsinki, Finland | Pre-seed, Seed | AI, Healthtech, Consumer, Energy | New fund, Jul 2026 | 7 Nov 2026 | 2 names · Unlock | |
| Voland Partners | VC firm | Helsinki, Finland | Growth | SaaS, B2B, Deep Tech | New fund, Jun 2026 | 7 Nov 2026 | 1 name · Unlock | |
| Greencode Ventures | VC firm | Helsinki, Finland | Seed, Series A | Climate Tech, AI, Energy, Deep Tech | Investment listed in 2026 | 7 Nov 2026 | 3 names, firm email · Unlock | |
| Butterfly Ventures | VC firm | Oulu, Finland | Seed | Deep Tech, Energy, Healthtech, Hardware | Investment listed in 2026 | 7 Nov 2026 | 1 name · Unlock | |
| OpenOcean | VC firm | Helsinki, Finland | Pre-seed, Seed, Series A | AI, SaaS, B2B, Developer Tools | Investment listed in 2026 | 7 Nov 2026 | 5 names · Unlock |
You are seeing 10 of 15. The full list adds 5 more firms and 51 named decision-makers.
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How these 15 break down
By city
| City | On this list | Share |
|---|---|---|
| Helsinki | 10 | 67% |
| Espoo | 1 | 7% |
| Oulu | 1 | 7% |
By stage
| Stage | On this list | Share |
|---|---|---|
| Pre-Seed | 10 | 67% |
| Seed | 12 | 80% |
| Series A | 3 | 20% |
| Growth | 2 | 13% |
Stage is our research. A firm can back more than one stage.
By sector
| Sector | On this list | Share |
|---|---|---|
| AI | 9 | 60% |
| SaaS | 9 | 60% |
| Deep Tech | 7 | 47% |
| Healthtech | 6 | 40% |
| B2B | 5 | 33% |
| Climate Tech | 4 | 27% |
| Quantum | 3 | 20% |
| Fintech | 3 | 20% |
| Consumer | 3 | 20% |
| Energy | 3 | 20% |
| Marketplace | 2 | 13% |
| Hardware | 2 | 13% |
Sector is our research. A firm can carry more than one sector.
Method and limits
- Source
- No row on this list rests on an SEC filing. All 15 have a website we checked. Filing date and fund size are SEC data where a filing exists. Stage, sector and check size are our research.
- Inclusion rule
- Organizations that back startups. Individuals, buyout funds and firms we found to be inactive are left out. Type: we class every organization on this list as "VC firm", from its own site or a filing. Place: head office in Finland.
- Order
- Firms with a published profile come first. Activity score out of 100: recency of the latest fund filing or dated deal (50: full marks within 3 months, then stepping down at 6, 12 and 24 months), size of the fund on file on a log scale (35) and completeness of the public record (15). It is a measure of activity and fit, not of quality or returns.
- Last refreshed
- November 2026. Rows on this list were checked between 7 Nov 2026 and 7 Nov 2026.
- Fill rates
- Of 15 rows: stage 15, sector 15, fund size 4, website 15. In the paid file: named decision-makers on 15 rows, firm email on 4, LinkedIn page on 10, check size on 7.
- Corrections
- Email [email protected] or use the update form. We act within 5 working days.
Questions
How many VC firms are in Finland?
We list 15 as of November 2026. 8 of the 15 have a fund filing or a dated deal in the last 12 months.
Which cities in Finland have the most VC firms?
Helsinki (10), Espoo (1) and Oulu (1).
Which venture capital firms in Finland were active in the last 12 months?
None of the 15 has a fund filing dated in the last 12 months on file; 8 have other dated activity in that time (fund announcement and portfolio news), most recently Superhero Capital (portfolio news, Oct 2026), Wave Ventures (portfolio news, Oct 2026) and Failup Ventures (fund announcement, Jul 2026).
What stages do venture capital firms in Finland back?
Of the 15 with a stage on file, seed (12), pre-seed (10) and Series A (3). A firm can back more than one stage.
Where does the data on venture capital firms in Finland come from and how often is it updated?
All 15 rows were checked on the firm's own website, with official registers and national venture capital association directories as the starting point. Filing date and fund size come from the filing. Stage, sector and check size are our research. Rows on this list were last checked on 7 Nov 2026 at the latest. The whole file is re-verified twice a year.
Can I download the list of venture capital firms in Finland as a spreadsheet?
Yes. The file holds all 15 rows in Excel and CSV, with 51 named decision-makers and 4 firm emails, for $49 one-time. 10 rows are free on this page.
Related lists
Venture capital firms in France (81)Venture capital firms in Germany (56)Venture capital firms in the Netherlands (47)Venture capital firms in Spain (41)Venture capital firms in Norway (27)Venture capital firms in Sweden (27)Venture capital firms in Italy (20)Venture capital firms in Austria (15)
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