# Finnvera Venture Capital: portfolio, investments and team

> Finnvera Venture Capital is a government based in Finland. 56 investments on record, latest Dec 2024. Portfolio, stages, co-investors and team.

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

Finland · [Investor](https://millionrounds.com/investors)

# Finnvera Venture Capital

Last cheque observed Dec 2024. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

Email

Quiet Government

Seed Series A Series B Apps Security

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Cheques on record

**0%** of best year **0** **cheques in 12 months**, 56 on record

Since the last cheque **688** days **00** hrs **00** min **00** sec

Median round **$19M** Rounds led **0 of 56** Sole investor **33 rounds** Exits **2 from the portfolio** Mostly in **Finland, 92%**

Pitch Finnvera Venture Capital

## Finnvera Venture Capital highlights

- 01 56 rounds on record
- 02 Mostly Seed and Venture: 75% of its rounds
- 03 Sole investor in 33 rounds, median $44K
- 04 2 exits from the portfolio

## What they do

- **Type:** Government (from a list, unverified)
- **Cheque size:** Not stated
- **Stages:** Seed Series A Series B
- **Sectors:** Apps Security
- **Based in:** Helsinki, Finland
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **56 appearances**

- **2024** 1 round
- **Dec** **[Aisti](https://millionrounds.com/company/aisti)** Series A · FI · Silicon Canals **$30M** With 6 others
- **2019** 1 round
- **Feb** **[Aurealis Pharma](https://millionrounds.com/company/aurealis-pharma)** Series B · CH · Startupticker **$7.8M** With 1 other
- **2015** 7 rounds
- **Dec** **[TrapLight Games](https://millionrounds.com/company/traplight-games)** Venture · FI **$1.4M** With 2 others
- **May** **[CadFaster](https://millionrounds.com/company/cadfaster)** Venture · FI **$44K** Sole investor
- **May** **[Synoste Oy](https://millionrounds.com/company/synoste-oy)** Series A · FI **$2.2M** With 5 others
- **Mar** **[Surveypal](https://millionrounds.com/company/surveypal)** Seed · US **$1.0M** With 3 others
- **Feb** **[Exaget](https://millionrounds.com/company/exaget)** Seed · FI **$796K** With 1 other
- **Jan** **[Nanocomp](https://millionrounds.com/company/nanocomp)** Venture · FI **Undisclosed** With 1 other
- **Jan** **[Cabforce](https://millionrounds.com/company/cabforce)** Venture · FI **$1.7M** Sole investor
- **2014** 22 rounds
- **Nov** **[Intelle Innovations](https://millionrounds.com/company/intelle-innovations)** Seed · FI **Undisclosed** Sole investor
- **Nov** **[VaasaBall LNG](https://millionrounds.com/company/vaasaball-lng)** Series A · FI **Undisclosed** Sole investor
- **Nov** **[Liilak](https://millionrounds.com/company/liilak)** Seed · FI **Undisclosed** Sole investor
- **Oct** **[TrapLight Games](https://millionrounds.com/company/traplight-games)** Seed · FI **$500K** With 2 others
- **Oct** **[Safera](https://millionrounds.com/company/safera)** Series A · FI **Undisclosed** Sole investor
- **Oct** **[CadFaster](https://millionrounds.com/company/cadfaster)** Venture · FI **$228K** With 1 other
- **Sept** **[Wello](https://millionrounds.com/company/wello)** Series C **Undisclosed** Sole investor
- **Sept** **[VividWorks](https://millionrounds.com/company/vividworks)** Seed · FI **$1.7M** With 1 other
- **Sept** **[Beddit](https://millionrounds.com/company/beddit)** Seed · FI **$8.0M** With 3 others
- **Sept** **[Aquaminerals Finland Oy](https://millionrounds.com/company/aquaminerals-finland-oy)** Series A · FI **Undisclosed** Sole investor
- **Sept** **[CrisolteQ Oy](https://millionrounds.com/company/crisolteq-oy)** Series A · FI **Undisclosed** Sole investor
- **Jun** **[WellO2](https://millionrounds.com/company/wello2)** Seed · FI **Undisclosed** Sole investor
- **Jun** **[VRT Finland Oy](https://millionrounds.com/company/vrt-finland-oy)** Seed · FI **Undisclosed** Sole investor
- **Jun** **[Spectral Engines](https://millionrounds.com/company/spectral-engines)** Seed · FI **$1.2M** With 2 others
- **May** **[Clinical Research Services Turku](https://millionrounds.com/company/clinical-research-services-turku)** Seed · FI **Undisclosed** Sole investor
- **May** **[Aquaminerals Finland Oy](https://millionrounds.com/company/aquaminerals-finland-oy)** Seed · FI **Undisclosed** Sole investor
- **Apr** **[Primex Pharmaceuticals](https://millionrounds.com/company/primex-pharmaceuticals)** Series A · FI **Undisclosed** Sole investor
- **Apr** **[Senseg](https://millionrounds.com/company/senseg)** Series B · FI **$6.0M** With 2 others
- **Mar** **[Aquaminerals Finland Oy](https://millionrounds.com/company/aquaminerals-finland-oy)** Seed · FI **Undisclosed** Sole investor
- **Feb** **[Etuma](https://millionrounds.com/company/etuma)** Seed · FI **Undisclosed** Sole investor
- **Feb** **[NearMe Services Oy](https://millionrounds.com/company/nearme-services-oy)** Seed · FI **Undisclosed** Sole investor
- **Jan** **[Aquaminerals Finland Oy](https://millionrounds.com/company/aquaminerals-finland-oy)** Seed · FI **Undisclosed** Sole investor
- **2013** 9 rounds
- **Dec** **[Digital Foodie Ltd.](https://millionrounds.com/company/digital-foodie-ltd)** Seed · FI **Undisclosed** Sole investor
- **Dec** **[BCB Medical](https://millionrounds.com/company/bcb-medical)** Series A · FI **Undisclosed** Sole investor
- **Dec** **[CadFaster](https://millionrounds.com/company/cadfaster)** Venture · FI **$250K** With 1 other
- **Nov** **[Synoste Oy](https://millionrounds.com/company/synoste-oy)** Venture · FI · finsmes.com **$3.6M** With 3 others
- **Apr** **[Bitbar](https://millionrounds.com/company/bitbar)** Venture · FI · techcrunch.com **$3.0M** With 5 others
- **Mar** **[Digital Foodie Ltd.](https://millionrounds.com/company/digital-foodie-ltd)** Seed · FI **Undisclosed** Sole investor
- **Feb** **[MetGen](https://millionrounds.com/company/metgen)** Venture · FI · finsmes.com **$2.9M** With 2 others
- **Jan** **[Wello](https://millionrounds.com/company/wello)** Seed **Undisclosed** Sole investor
- **Jan** **[MyCadbox](https://millionrounds.com/company/mycadbox)** Venture · GB · techcrunch.com **$4.0M** With 2 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

We hold **3** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## Exits from the portfolio

Companies it backed that were later bought or listed **2 in all**

**[Beddit](https://millionrounds.com/company/beddit)** Bought by [Apple](https://millionrounds.com/fund/apple) **Undisclosed** May 2017

**[Cabforce](https://millionrounds.com/company/cabforce)** Bought by CarTrawler **Undisclosed** Apr 2015

An exit counts when it came after the firm's first round in the company. From historical deal records.

## The cheque

Seed Series A Series B

Median round joined **$19M** the round, not its cheque Alone, median **$44K**

Led 0 of 56 rounds **0%**

- **Sole investor:** 33 rounds
- **Last cheque:** Dec 2024
- **Exits:** 2 from the portfolio

Rounds by stage said on their site

- Seed said *30*
- Venture *12*
- Series A said *10*
- Series B said *3*
- Series C *1*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Butterfly Ventures](https://millionrounds.com/fund/butterfly-venture) 6
- [Business Finland](https://millionrounds.com/fund/business-finland) 2
- [Finnish Industry Investment](https://millionrounds.com/fund/finnish-industry-investment) 2
- [Inventure Oy](https://millionrounds.com/fund/inventure-oy) 2
- [Lifeline Ventures](https://millionrounds.com/fund/lifeline-ventures) 2
- [Sunstone Life Science Ventures](https://millionrounds.com/fund/sunstone-life-science-ventures) 2

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## Who they invest alongside

The investors most often in the same rounds as Finnvera Venture Capital. A count of rooms they were both in, not a relationship either has claimed.

[**Butterfly Ventures** VC firm **6** rounds together](https://millionrounds.com/fund/butterfly-venture)[**Business Finland** Accelerator **2** rounds together](https://millionrounds.com/fund/business-finland)[**Finnish Industry Investment** Investment firm **2** rounds together](https://millionrounds.com/fund/finnish-industry-investment)[**Inventure Oy** VC firm **2** rounds together](https://millionrounds.com/fund/inventure-oy)[**Lifeline Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/lifeline-ventures)[**Sunstone Life Science Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/sunstone-life-science-ventures)

## Recently backed

The latest companies Finnvera Venture Capital put money into.

[**Aisti** $30M · Dec 2024](https://millionrounds.com/company/aisti)

## Quick answers about Finnvera Venture Capital

### What does Finnvera Venture Capital invest in?

Finnvera Venture Capital invests most often at Seed and Venture (75% of the rounds on record), in sectors such as Apps and Security.

### How active is Finnvera Venture Capital?

56 investments on record, 0 of them in the last 12 months. The most recent was in Dec 2024.

### What has Finnvera Venture Capital invested in recently?

Its most recent investments on record: Aisti (Series A, Dec 2024) and Aurealis Pharma (Series B, Feb 2019).

### How big are Finnvera Venture Capital's cheques?

The median round it joins is $19M.

### Does Finnvera Venture Capital lead rounds?

Rarely, if at all: none of its 56 investments on record names it as the lead.

### Where does Finnvera Venture Capital invest?

Most of the companies it backs are in Finland (92%).

### Is Finnvera Venture Capital investing now?

No investments in the last 12 months; the latest was in Dec 2024.

### Who does Finnvera Venture Capital invest alongside?

Most often Butterfly Ventures (6 rounds together), Business Finland (2 rounds together) and Finnish Industry Investment (2 rounds together).

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