# Ilkka Paananen: portfolio, investments and team > Ilkka Paananen is a vc firm based in Finland. 4 investments on record, latest Jun 2025. Portfolio, stages, co-investors and team. Source: https://millionrounds.com/fund/ilkka-paananen (Millionrounds; every figure on the page links to its filing or article) Finland · [Investor](https://millionrounds.com/investors) # Ilkka Paananen Last cheque observed Jun 2025. Silence since then is not evidence of inactivity: our sources miss unannounced rounds. Quiet VC firm Seed Cheques on record **0%** of best year **0** **cheques in 12 months**, 4 on record Since the last cheque **503** days **00** hrs **00** min **00** sec Median round **$82M** Rounds led **0 of 4** Pitch Ilkka Paananen ## Ilkka Paananen highlights - 01 4 rounds on record - 02 Mostly Series C and Seed: 75% of its rounds ## What they do - **Type:** VC firm (from a list, unverified) - **Cheque size:** Not stated - **Stages:** Seed - **Based in:** Finland - **Cold pitches:** Not stated ## The record Every round we can evidence, newest first **4 appearances** - **2025** 1 round - **Jun** **[Linear](https://millionrounds.com/company/linear)** Series C · US · Karri Saarinen **$82M** With 10 others - **2023** 1 round - **Sept** **[Linear](https://millionrounds.com/company/linear)** Series B · US · Karri Saarinen **$35M** With 16 others - **2019** 1 round - **Jun** **[Wolt](https://millionrounds.com/company/wolt)** Series C · FI · FinSMEs **$130M** With 5 others - **2010** 1 round - **Nov** **[Grey Area](https://millionrounds.com/company/grey-area)** Seed · FI **Undisclosed** 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 cheque Seed Median round joined **$82M** the round, not its cheque Led 0 of 4 rounds **0%** - **Sole investor:** Never alone - **Last cheque:** Jun 2025 Rounds by stage said on their site - Series C *2* - Seed said *1* - Series B *1* Cheques by month Led Joined Nov 2023 Oct 2026 Often in the room with - [Accel](https://millionrounds.com/fund/accel) 2 - [Lifeline Ventures](https://millionrounds.com/fund/lifeline-ventures) 2 - [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) 2 **Pitching Ilkka Paananen?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## Who they invest alongside The investors most often in the same rounds as Ilkka Paananen. A count of rooms they were both in, not a relationship either has claimed. [**Accel** VC firm **2** rounds together](https://millionrounds.com/fund/accel)[**Lifeline Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/lifeline-ventures)[**Sequoia Capital** VC firm **2** rounds together](https://millionrounds.com/fund/sequoia-capital) ## On podcasts 4 episodes naming Ilkka Paananen in the title. - [Crucible Moments](https://millionrounds.com/podcasts/crucible-moments) 6 Nov 2025 · 43 min Supercell ft Ilkka Paananen - How an Early Pivot Led to ‘Clash of Clans’ and ‘Brawl Stars’ Mentions [Ilkka Paananen](https://millionrounds.com/fund/ilkka-paananen) Apple Podcasts - [Startup Europe](https://millionrounds.com/podcasts/sifted) 25 Jul 2025 · 34 min Supercell CEO Ilkka Paananen: "Europe doesn't need to become Silicon Valley" Mentions [Ilkka Paananen](https://millionrounds.com/fund/ilkka-paananen) Apple Podcasts - [The Twenty Minute VC](https://millionrounds.com/podcasts/20vc) 1 Feb 2021 · 30 min 20VC: Supercell Founder Ilkka Paananen on What it Means To Be "The Least Powerful CEO", His Relationship To Wealth and Risk & How To Create Environments of Safety Where Your Team Can Be Their Best and Most Ambitious Selves Mentions [Ilkka Paananen](https://millionrounds.com/fund/ilkka-paananen)[Accel](https://millionrounds.com/fund/accel)[Atomico](https://millionrounds.com/fund/atomico) Apple PodcastsShow page - [Invest Like the Best](https://millionrounds.com/podcasts/invest-like-the-best) 21 Jan 2021 · 48 min Ilkka Paananen – Superpowering Teams – [Founder’s Field Guide, EP.17] Mentions [Ilkka Paananen](https://millionrounds.com/fund/ilkka-paananen) Apple PodcastsShow page ## Quick answers about Ilkka Paananen ### What does Ilkka Paananen invest in? Ilkka Paananen invests most often at Series C and Seed (75% of the rounds on record). ### How active is Ilkka Paananen? 4 investments on record, 0 of them in the last 12 months. The most recent was in Jun 2025. ### What has Ilkka Paananen invested in recently? Its most recent investments on record: Linear (Series C, Jun 2025) and Wolt (Series C, Jun 2019). ### How big are Ilkka Paananen's cheques? The median round it joins is $82M. ### Is Ilkka Paananen investing now? No investments in the last 12 months; the latest was in Jun 2025. ### Who does Ilkka Paananen invest alongside? Most often Accel (2 rounds together), Lifeline Ventures (2 rounds together) and Sequoia Capital (2 rounds together). ### What kind of investor is Ilkka Paananen? Ilkka Paananen is a VC firm based in Finland. ### Where does this information on Ilkka Paananen come from? From 5 articles and filings naming it in a round, public registers and its own website, checked and rebuilt every night. ## Raising now? 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