# Risto Siilasmaa: portfolio, investments and team > Risto Siilasmaa is a vc firm based in Finland. 9 investments on record, latest May 2025. Portfolio, stages, co-investors and team. Source: https://millionrounds.com/fund/risto-siilasmaa (Millionrounds; every figure on the page links to its filing or article) Finland · [Investor](https://millionrounds.com/investors) # Risto Siilasmaa Last cheque observed May 2025. Silence since then is not evidence of inactivity: our sources miss unannounced rounds. Email Quiet VC firm Series A Seed Series B Follow Risto Siilasmaa and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fristo-siilasmaa) Cheques on record **0%** of best year **0** **cheques in 12 months**, 9 on record Since the last cheque **522** days **00** hrs **00** min **00** sec Median round **$9.0M** Rounds led **0 of 9** Mostly in **Finland, 89%** Pitch Risto Siilasmaa ## Risto Siilasmaa highlights - 01 9 rounds on record - 02 Mostly Series A and Seed: 88% of its rounds ## What they do - **Type:** VC firm (from a list, unverified) - **Cheque size:** Not stated - **Based in:** Finland - **Cold pitches:** Not stated ## The record Every round we can evidence, newest first **9 appearances** - **2025** 1 round - **May** **[Inven](https://millionrounds.com/company/inven)** Series A · FI · TechStartups **$13M** With 4 others - **2019** 1 round - **May** **[Aiven](https://millionrounds.com/company/aiven)** Series A · FI · FinSMEs **$9.0M** With 2 others - **2018** 1 round - **Oct** **[HoxHunt](https://millionrounds.com/company/hoxhunt)** FI · Tech.eu **$2.9M** With 1 other - **2015** 2 rounds - **Sept** **[Futurefly](https://millionrounds.com/company/futurefly)** Seed · FI **$3.0M** With 5 others - **Mar** **[Detectify](https://millionrounds.com/company/detectify)** Seed · SE **$1.7M** With 5 others - **2014** 2 rounds - **Oct** **[Small Giant Games](https://millionrounds.com/company/small-giant-games)** Seed · FI **$3.1M** With 4 others - **Aug** **[Enevo](https://millionrounds.com/company/enevo)** Series A · FI **$8.0M** With 5 others - **2012** 1 round - **Nov** **[WOT Services](https://millionrounds.com/company/wot-services)** Series A · FI · techcrunch.com **$1.3M** With 2 others - **2011** 1 round - **Jun** **[Mendor](https://millionrounds.com/company/mendor)** Series B · FI · classic.cnbc.com **$12M** With 3 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 Series A Seed Series B Median round joined **$9.0M** the round, not its cheque Led 0 of 9 rounds **0%** - **Sole investor:** Never alone - **Last cheque:** May 2025 Rounds by stage said on their site - Series A *4* - Seed *3* - Series B *1* Cheques by month Led Joined Dec 2023 Nov 2026 Often in the room with - [Finnish Industry Investment](https://millionrounds.com/fund/finnish-industry-investment) 3 - [Lifeline Ventures](https://millionrounds.com/fund/lifeline-ventures) 3 - [Earlybird Venture Capital](https://millionrounds.com/fund/earlybird) 2 - [Inventure Oy](https://millionrounds.com/fund/inventure-oy) 2 **Pitching Risto Siilasmaa?** 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 Risto Siilasmaa. A count of rooms they were both in, not a relationship either has claimed. [**Finnish Industry Investment** Investment firm **3** rounds together](https://millionrounds.com/fund/finnish-industry-investment)[**Lifeline Ventures** VC firm **3** rounds together](https://millionrounds.com/fund/lifeline-ventures)[**Earlybird Venture Capital** VC firm **2** rounds together](https://millionrounds.com/fund/earlybird)[**Inventure Oy** VC firm **2** rounds together](https://millionrounds.com/fund/inventure-oy) ## Recently backed The latest companies Risto Siilasmaa put money into. [**Inven** $13M · May 2025](https://millionrounds.com/company/inven)[**Aiven** $9.0M · May 2019](https://millionrounds.com/company/aiven)[**HoxHunt** $2.9M · Oct 2018](https://millionrounds.com/company/hoxhunt) ## Quick answers about Risto Siilasmaa ### What does Risto Siilasmaa invest in? Risto Siilasmaa invests most often at Series A and Seed (88% of the rounds on record). ### How active is Risto Siilasmaa? 9 investments on record, 0 of them in the last 12 months. The most recent was in May 2025. ### What has Risto Siilasmaa invested in recently? Its most recent investments on record: Inven (Series A, May 2025), Aiven (Series A, May 2019) and HoxHunt (Undisclosed round, Oct 2018). ### How big are Risto Siilasmaa's cheques? The median round it joins is $9.0M. ### Does Risto Siilasmaa lead rounds? Rarely, if at all: none of its 9 investments on record names it as the lead. ### Where does Risto Siilasmaa invest? Most of the companies it backs are in Finland (89%) and Sweden (11%). ### Is Risto Siilasmaa investing now? No investments in the last 12 months; the latest was in May 2025. ### Who does Risto Siilasmaa invest alongside? Most often Finnish Industry Investment (3 rounds together), Lifeline Ventures (3 rounds together) and Earlybird Venture Capital (2 rounds together). ## Raising now? Find the investors who back rounds like yours, and keep every conversation on one fundraising board. Find similar investorsOpen your CRM Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=risto-siilasmaa) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=risto-siilasmaa)