# Lifeline Ventures: portfolio, investments and team

> Lifeline Ventures is a vc firm based in Finland. 140 investments on record, 25 in the last 12 months, latest Oct 2026. Portfolio, stages, co-investors and team.

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

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

# Lifeline Ventures

Last cheque observed Oct 2026; 140 cheques on record.

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Deploying now New fund $448M, Oct 2025 VC firm

Pre-seed Seed Series A Banking Bank Paytech

Follow Lifeline Ventures and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Flifeline-ventures)

Deploying now

**100%** of best year **25** **cheques in 12 months**, 140 on record

Since the last cheque **11** days **00** hrs **00** min **00** sec

Median round **$5.6M** Cheque size, as they say **$660K – $1.3M** Rounds led **3 of 140** Sole investor **27 rounds** Exits **4 from the portfolio** Mostly in **Finland, 79%**

Pitch Lifeline Ventures

## Lifeline Ventures highlights

- 01 25 cheques in the last 12 months
- 02 Mostly Seed and Venture: 65% of its rounds
- 03 Sole investor in 27 rounds, median $2.6M
- 04 4 exits from the portfolio

## What they do

> We are a sector agnostic early-stage (pre-seed and seed) investor From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** $660K – $1.3M as they say
- **Stages:** Pre-seed Seed Series A Series B Growth
- **Sectors:** Banking Bank Paytech
- **Based in:** Helsinki, Finland
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **140 appearances**

- **2026** 24 rounds
- **Oct** **[Coherence Quantum](https://millionrounds.com/company/coherence-quantum)** Seed · FI · ArcticStartup **$3.1M** *Led*
- **Oct** **[Ambio](https://millionrounds.com/company/ambio)** Seed · FI · ArcticStartup **$5.7M** With 2 others
- **Sept** **[Verda](https://millionrounds.com/company/verda)** Series B · FI · ArcticStartup **$189M** With 9 others
- **Sept** **[Reduciner](https://millionrounds.com/company/reduciner)** Venture · FI **$1.7M** With 2 others
- **Sept** **[Steady Energy](https://millionrounds.com/company/steady-energy)** Debt · FI **$47M** With 1 other
- **Aug** **[Hyperion Robotics](https://millionrounds.com/company/hyperion-robotics)** Growth · FI · Silicon Canals **$7.5M** With 5 others
- **Jul** **[Hyperion Robotics](https://millionrounds.com/company/hyperion-robotics)** Venture · FI **$7.4M** With 2 others
- **Jul** **[Risk Ledger](https://millionrounds.com/company/risk-ledger)** Series B · GB **$33M** With 4 others
- **Jul** **[CurifyLabs](https://millionrounds.com/company/curifylabs)** Series A · FI **$14M** With 1 other
- **Jun** **[ICEYE](https://millionrounds.com/company/iceye)** Series F · FI · Promus Ventures **$521M** With 9 others
- **Jun** **[NewOrbit](https://millionrounds.com/company/neworbit)** Series A · GB · Ventureburn **$19M** With 9 others
- **Jun** **[Solar Foods](https://millionrounds.com/company/solar-foods)** Grant · FI **$46M** With 2 others
- **May** **[ICEYE](https://millionrounds.com/company/iceye)** Debt · FI · Silicon Canals **$635M** With 4 others
- **May** **[Reduciner](https://millionrounds.com/company/reduciner)** Seed · FI · Voima Ventures **$4.2M** *Led*
- **May** **[CRACI](https://millionrounds.com/company/craci)** Pre-seed · FI **$1.6M** Sole investor
- **Apr** **[Proteins.1](https://millionrounds.com/company/proteins-1)** Pre-seed · FI **$5.5M** Sole investor
- **Apr** **[Realm](https://millionrounds.com/company/realm)** Seed · FI **$4.5M** With 2 others
- **Apr** **[Confidentialmind](https://millionrounds.com/company/confidentialmind)** Seed · FI **$4.1M** With 2 others
- **Mar** **[Saltz](https://millionrounds.com/company/saltz)** Series A · EBRD Venture Capital **$23M** With 3 others
- **Mar** **[Photoncycle](https://millionrounds.com/company/photoncycle)** Series A · NO · NordicNinja (JB Nordic Fund I) **$17M** With 6 others
- **Mar** **[Incirt](https://millionrounds.com/company/incirt)** Seed · DE **$5.6M** Sole investor
- **Mar** **[Elea & Lili](https://millionrounds.com/company/elea-and-lili)** Seed · FI **$2.9M** Sole investor
- **Feb** **[Ever](https://millionrounds.com/company/ever)** Series A · US · TechCrunch **$31M** With 5 others
- **Jan** **[Soldera](https://millionrounds.com/company/soldera)** Grant · EE **$1.9M** Sole investor
- **2025** 16 rounds
- **Nov** **[Mobal](https://millionrounds.com/company/mobal)** Venture · FI **Undisclosed** With 1 other
- **Oct** **[Huuva](https://millionrounds.com/company/huuva)** Seed · FI **$4.0M** With 1 other
- **Sept** **[Time Atlas Labs](https://millionrounds.com/company/time-atlas-labs)** Seed · FI **$2.1M** Sole investor
- **Aug** **[Varjo](https://millionrounds.com/company/varjo)** Debt · FI **$5.9M** With 3 others
- **Jun** **[Swarmia](https://millionrounds.com/company/swarmia)** Series A · FI **$12M** With 2 others
- **Jun** **[Ovido](https://millionrounds.com/company/ovido)** Seed · FI **$2.8M** Sole investor
- **May** **[Inven](https://millionrounds.com/company/inven)** Series A · FI · TechStartups **$13M** With 4 others
- **May** **[CurifyLabs](https://millionrounds.com/company/curifylabs)** Seed · FI **$7.6M** With 1 other
- **May** **[Thor Dynamics](https://millionrounds.com/company/thor-dynamics)** Seed · US **$8.3M** With 1 other
- **May** **[TILT Biotherapeutics](https://millionrounds.com/company/tilt-biotherapeutics)** Series B · FI **$25M** With 2 others
- **May** **[Blok](https://millionrounds.com/company/blok)** Seed · FI **$7.5M** With 5 others
- **Apr** **[Mjuk](https://millionrounds.com/company/mjuk)** Venture · FI **Undisclosed** With 3 others
- **Mar** **[Steady Energy](https://millionrounds.com/company/steady-energy)** Series B · FI **$35M** Sole investor
- **Mar** **[Elva](https://millionrounds.com/company/elva)** Pre-seed · SE **$1.4M** With 1 other
- **Mar** **[Bought](https://millionrounds.com/company/bought)** Pre-seed · FI **$1.5M** With 1 other
- **Feb** **[Solar Foods](https://millionrounds.com/company/solar-foods)** Grant · FI **$11M** With 1 other

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 **6** 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.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**6+** funds on file numbered funds in its name

## What they claim to have backed

From their own portfolio page (on their website)

**60** of 60 we have independently watched raise

[Aiven](https://millionrounds.com/company/aiven)[Akkurate](https://millionrounds.com/company/akkurate)[Altumtechnologies](https://millionrounds.com/company/altum-technologies)[Ambronite](https://millionrounds.com/company/ambronite)[Arcticinst](https://millionrounds.com/company/arctic-instruments)[Betterdoctor](https://millionrounds.com/company/betterdoctor)[Bought](https://millionrounds.com/company/bought)[Carboculture](https://millionrounds.com/company/carbo-culture)[Craci](https://millionrounds.com/company/craci)[Curifylabs](https://millionrounds.com/company/curifylabs)[Digitalworkforce](https://millionrounds.com/company/digital-workforce)[Droppe](https://millionrounds.com/company/droppe)[Elealili](https://millionrounds.com/company/elea-and-lili)[Enevo](https://millionrounds.com/company/enevo)[Everyweargames](https://millionrounds.com/company/everywear-games)[Flow-ai](https://millionrounds.com/company/flow-ai)[Front](https://millionrounds.com/company/front)[Griffinrefineries](https://millionrounds.com/company/griffin-refineries)[Helixnano](https://millionrounds.com/company/helixnano)[Huuva](https://millionrounds.com/company/huuva)[Hyperionrobotics](https://millionrounds.com/company/hyperion-robotics)[Iceye](https://millionrounds.com/company/iceye)[In-parallel](https://millionrounds.com/company/in-parallel)[Incirt](https://millionrounds.com/company/incirt)[Indooratlas](https://millionrounds.com/company/indooratlas)[Inven](https://millionrounds.com/company/inven)[Karsa](https://millionrounds.com/company/karsa)[Kayzen](https://millionrounds.com/company/kayzen)[Louhe](https://millionrounds.com/company/louhe)[Measurlabs](https://millionrounds.com/company/measurlabs)[Medisapiens](https://millionrounds.com/company/medisapiens)[Meruhealth](https://millionrounds.com/company/meru-health)[Metroc](https://millionrounds.com/company/metroc)[Minimaprocessor](https://millionrounds.com/company/minima-processor)[Mobal](https://millionrounds.com/company/mobal)[Ninchat](https://millionrounds.com/company/ninchat)[Nordcraft](https://millionrounds.com/company/nordcraft)[Norsepower](https://millionrounds.com/company/norsepower)[Oneminddogs](https://millionrounds.com/company/onemind-dogs)[Optomeditech](https://millionrounds.com/company/optomeditech)[Originbyocean](https://millionrounds.com/company/origin-by-ocean)[Photoncycle](https://millionrounds.com/company/photoncycle)[Playmysong](https://millionrounds.com/company/playmysong)[Proteins1](https://millionrounds.com/company/proteins-1)[Riskledger](https://millionrounds.com/company/risk-ledger)[Schoolday](https://millionrounds.com/company/school-day)[Shapr3d](https://millionrounds.com/company/shapr3d)[Sharetribe](https://millionrounds.com/company/sharetribe)[Smartly](https://millionrounds.com/company/smartly-io)[Solarfoods](https://millionrounds.com/company/solar-foods)[Soldera](https://millionrounds.com/company/soldera)[Solu](https://millionrounds.com/company/solu)[Soomamedical](https://millionrounds.com/company/sooma-medical)[Steadyenergy](https://millionrounds.com/company/steady-energy)[Suddencoffee](https://millionrounds.com/company/sudden-coffee)[Sulapac](https://millionrounds.com/company/sulapac)[Supercell](https://millionrounds.com/company/supercell)[Swappie](https://millionrounds.com/company/swappie)[Swarmia](https://millionrounds.com/company/swarmia)[Synergi](https://millionrounds.com/company/synergi) and 61 more

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

## Exits from the portfolio

Companies it backed that were later bought or listed **4 in all**

**[Nonstop Games](https://millionrounds.com/company/nonstop-games)** Bought by King.com **Undisclosed** Aug 2014

**[ProtoGeo](https://millionrounds.com/company/protogeo)** Bought by [Facebook](https://millionrounds.com/fund/facebook) **Undisclosed** Apr 2014

**[Applifier](https://millionrounds.com/company/applifier)** Bought by Unity Technologies **Undisclosed** Mar 2014

**[Supercell](https://millionrounds.com/company/supercell)** Bought by [SoftBank](https://millionrounds.com/fund/softbank) **$1.5B** Oct 2013

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

New fund on file

**$448M**

raised in Oct 2025

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Pre-seed Seed Series A

Median round joined **$5.6M** the round, not its cheque Alone, median **$2.6M**

Led 3 of 140 rounds **2%**

- **Said size:** $660K – $1.3M
- **Sole investor:** 27 rounds
- **Last cheque:** Oct 2026
- **Exits:** 4 from the portfolio

Rounds by stage said on their site

- Seed said *52*
- Venture *24*
- Series A said *24*
- Series B said *9*
- Pre-seed said *8*
- Growth said *-*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Business Finland](https://millionrounds.com/fund/business-finland) 12
- [True Ventures](https://millionrounds.com/fund/true-ventures-2) 6
- [EIC Accelerator](https://millionrounds.com/fund/eic-accelerator) 5
- [Voima Ventures](https://millionrounds.com/fund/voima-ventures) 5
- [Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund) 4
- [Earlybird Venture Capital](https://millionrounds.com/fund/earlybird) 4

**Pitching Lifeline Ventures?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

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

[**Business Finland** Accelerator **12** rounds together](https://millionrounds.com/fund/business-finland)[**True Ventures** VC firm **6** rounds together](https://millionrounds.com/fund/true-ventures-2)[**EIC Accelerator** Government **5** rounds together](https://millionrounds.com/fund/eic-accelerator)[**Voima Ventures** VC firm **5** rounds together](https://millionrounds.com/fund/voima-ventures)[**Alumni Ventures** VC firm **4** rounds together](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund)[**Earlybird Venture Capital** VC firm **4** rounds together](https://millionrounds.com/fund/earlybird)[**Finnish Industry Investment** Investment firm **4** rounds together](https://millionrounds.com/fund/finnish-industry-investment)[**Initial Capital** VC firm **4** rounds together](https://millionrounds.com/fund/initial-capital)[**Inventure** VC firm **4** rounds together](https://millionrounds.com/fund/inventure)[**PROfounders Capital** VC firm **4** rounds together](https://millionrounds.com/fund/profounders-capital)[**Tekes Venture Capital** VC firm **4** rounds together](https://millionrounds.com/fund/tekes-venture-capital)[**Y Combinator** Accelerator **4** rounds together](https://millionrounds.com/fund/y-combinator)

## Recently backed

The latest companies Lifeline Ventures put money into.

[**Ambio** $5.7M · Oct 2026](https://millionrounds.com/company/ambio)[**Reduciner** $1.7M · Sept 2026](https://millionrounds.com/company/reduciner)[**Steady Energy** $47M · Sept 2026](https://millionrounds.com/company/steady-energy)[**Hyperion Robotics** $7.5M · Aug 2026](https://millionrounds.com/company/hyperion-robotics)[**Risk Ledger** $33M · Jul 2026](https://millionrounds.com/company/risk-ledger)[**CurifyLabs** $14M · Jul 2026](https://millionrounds.com/company/curifylabs)

## Mentioned on podcasts

Episodes that name Lifeline Ventures in their description, not their title.

- [Tech.eu](https://millionrounds.com/podcasts/tech-eu) 22 Feb 2016 · 21 min Babbel's milestone, Mondo & Payleven, more new funds, interview with Shak Khan and standardised term sheets Mentions [Lifeline Ventures](https://millionrounds.com/fund/lifeline-ventures)[Roxanne Varza](https://millionrounds.com/fund/roxanne-varza)[Target Global](https://millionrounds.com/fund/target-global) Apple PodcastsShow page

## Quick answers about Lifeline Ventures

### What does Lifeline Ventures invest in?

Lifeline Ventures invests most often at Seed and Venture (65% of the rounds on record), in sectors such as Banking, Bank and Paytech.

### How active is Lifeline Ventures?

140 investments on record, 25 of them in the last 12 months, and it led 3. The most recent was in Oct 2026.

### What has Lifeline Ventures invested in recently?

Its most recent investments on record: Coherence Quantum (Seed, Oct 2026), Ambio (Seed, Oct 2026) and Verda (Series B, Sept 2026).

### How big are Lifeline Ventures's cheques?

The median round it joins is $5.6M. It says it writes cheques of $660K to $1.3M.

### Does Lifeline Ventures lead rounds?

Sometimes: it led 3 of its 140 investments on record (2%).

### Where does Lifeline Ventures invest?

Most of the companies it backs are in Finland (79%), the United Kingdom (5%) and the United States (5%).

### Is Lifeline Ventures investing now?

Yes: it is actively investing, with 25 investments in the last 12 months.

### Who does Lifeline Ventures invest alongside?

Most often Business Finland (12 rounds together), True Ventures (6 rounds together) and EIC Accelerator (5 rounds together).

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