# Betolar funding: rounds and investors

> Betolar has raised $5.0M across 2 rounds since 2024. Investors include Business Finland, Voima Ventures and European Commission. Every round with its source.

Source: https://millionrounds.com/company/betolar (Millionrounds; every figure on the page links to its filing or article)

Finland · [Funded startup](https://millionrounds.com/companies)

# Who invested in *Betolar*

2 rounds we have observed, with the 3 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Construction

Raised 5 months ago

Funding summary Updated 26 Oct 2026

**$5.0M** raised across 2 rounds since 2024, from 2 sources

**$2.6M** Round **$2.4M** Grant

- **Latest round:** Grant, $2.4M Jun 2026
- **Biggest round:** $2.6M Round · Aug 2024
- **Investors:** 3

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2025 2026

**$2.6M** Round

**$2.4M** Grant

- **First round:** Round, $2.6M
- **Biggest round:** $2.6M
- **Between rounds:** 22 months

## The rounds

- **Jun 2026** Grant **$2.4M** *1 new* *2 returning* [European Commission](https://millionrounds.com/fund/european-commission) [Business Finland](https://millionrounds.com/fund/business-finland) [Voima Ventures](https://millionrounds.com/fund/voima-ventures) Source recorded
- **Aug 2024** Round **$2.6M** *2 new* [Business Finland](https://millionrounds.com/fund/business-finland) [Voima Ventures](https://millionrounds.com/fund/voima-ventures) Source recorded

## Founders and team

From Betolar's own website: 1 founder, 8 on the team.

**Juha Leppänen** Founder, Member of the Board

- **Vibeke Krohn** President and CEO
- **Mikko Wirkkala** Chief Financial Officer
- **Anders Dahlblom** Chairman of the Board
- **Eeva Ruokonen** Member of the Board
- **Inka Mero** Member of the Board
- **Jan-Elof Cavander** Member of the Board
- **Kalle Härkki** Member of the Board
- **Rainer Peltoniemi** Member of the Board

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Round** 2024 **Grant** 2026 [Business Finland](https://millionrounds.com/fund/business-finland) [Voima Ventures](https://millionrounds.com/fund/voima-ventures) [European Commission](https://millionrounds.com/fund/european-commission)

## Everyone who backed them

[Business Finland](https://millionrounds.com/fund/business-finland) Accelerator **2** rounds

[Voima Ventures](https://millionrounds.com/fund/voima-ventures) VC firm **2** rounds

[European Commission](https://millionrounds.com/fund/european-commission) VC firm **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=betolar).

## Also claim to have backed them

These 2 firms list Betolar as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.

[Kiilto Ventures](https://millionrounds.com/fund/kiilto-ventures) Family office Per its own site

[Virala Oy Ab](https://millionrounds.com/fund/virala-oy-ab) Family office Per its own site

## Quick answers about Betolar

### Who invested in Betolar?

Betolar's investors include Business Finland, Voima Ventures and European Commission.

### How much has Betolar raised?

Betolar has raised $5.0M across 2 rounds since 2024.

### When did Betolar last raise?

Betolar's most recent round was a Grant of $2.4M in Jun 2026.

### What was Betolar's biggest round?

Betolar's largest round on record is $2.6M (Undisclosed round), in Aug 2024.

### Who backed Betolar first?

Betolar's first round on record, in Aug 2024, was backed by Business Finland and Voima Ventures.

### What stage is Betolar at?

Betolar's latest named round is a Grant, in Jun 2026.

### Where is Betolar based?

Betolar is based in Finland.

## Companies like Betolar

In the same sector, and raised in the last eighteen months.

[**Hyperion Robotics** $15M · Aug 2026](https://millionrounds.com/company/hyperion-robotics)[**Mestamaster** May 2026](https://millionrounds.com/company/mestamaster)[**AISTI** $54M · Dec 2025](https://millionrounds.com/company/aisti)[**Ailytics** $7.4M · Oct 2026](https://millionrounds.com/company/ailytics)[**xPay** $1.5M · Oct 2026](https://millionrounds.com/company/xpay)[**Pennsylvania American Water** $43M · Oct 2026](https://millionrounds.com/company/pennsylvania-american-water)

## Find investors like these

Search every investor by what they have actually funded, then narrow to your stage and market. Free.

Open the investor searchOr these rounds in the app