# Voima Ventures: portfolio, investments and team

> Voima Ventures is a vc firm based in Finland. 47 investments on record, 16 in the last 12 months, latest Oct 2026. Portfolio, stages, co-investors and team.

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

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

# Voima Ventures

Last cheque observed Oct 2026; 47 cheques on record.

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Deploying now VC firm

Pre-seed Seed Series A Deeptech Venture Capital & Private Equity

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Deploying now

**89%** of best year **16** **cheques in 12 months**, 47 on record

Since the last cheque **9** days **00** hrs **00** min **00** sec

Median round **$4.0M** Cheque size, as they say **$300K – $1.0M** Rounds led **7 of 47** Sole investor **11 rounds** Mostly in **Finland, 56%**

Pitch Voima Ventures

## Voima Ventures highlights

- 01 16 cheques in the last 12 months
- 02 Mostly Seed and Venture: 67% of its rounds
- 03 Sole investor in 11 rounds, median $1.7M

## What they do

> The page title is 'Home - Voima Ventures' and the domain is voimaventures.com, but the text provided is only CSS code and does not describe the organisation. From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** $300K – $1.0M as they say
- **Stages:** Pre-seed Seed Series A Series B
- **Sectors:** Deeptech Venture Capital & Private Equity
- **Based in:** Helsinki, Finland
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **47 appearances**

- **2026** 12 rounds
- **Oct** **[QuantrolOx](https://millionrounds.com/company/quantrol-ox)** Series A · FI · Google News search **$13M** With 6 others
- **Sept** **[Aventix](https://millionrounds.com/company/aventix)** Pre-seed · SE · Voima Ventures **$1.4M** *Led*
- **Sept** **[CubaseBio](https://millionrounds.com/company/cubasebio)** Grant · SE **$4.6M** With 3 others
- **Sept** **[Reduciner](https://millionrounds.com/company/reduciner)** Venture · FI **$1.7M** With 2 others
- **Jun** **[Skyfora](https://millionrounds.com/company/skyfora)** Seed · FI · LUMO Labs **$7.5M** With 5 others
- **Jun** **[Betolar](https://millionrounds.com/company/betolar)** Grant · FI **$2.4M** With 2 others
- **May** **[Reduciner](https://millionrounds.com/company/reduciner)** Seed · FI · Voima Ventures **$4.2M** *Led*
- **Apr** **[TheStorage](https://millionrounds.com/company/thestorage)** Seed · FI · Superhero Capital **$4.2M** *Led*
- **Mar** **[Photoncycle](https://millionrounds.com/company/photoncycle)** Series A · NO · NordicNinja (JB Nordic Fund I) **$17M** *Led*
- **Feb** **[n-Ink](https://millionrounds.com/company/n-ink)** Seed · SE **$4.7M** With 1 other
- **Feb** **[CubaseBio](https://millionrounds.com/company/cubasebio)** Seed · SE **$4.6M** With 3 others
- **Jan** **[Avenue Biosciences](https://millionrounds.com/company/avenue-biosciences)** Seed · US **$7.4M** With 1 other
- **2025** 16 rounds
- **Dec** **[ÄIO](https://millionrounds.com/company/aio)** Grant **$1.4M** Sole investor
- **Dec** **[AISTI](https://millionrounds.com/company/aisti)** Debt · FI **$23M** With 1 other
- **Nov** **[Sofi Filtration](https://millionrounds.com/company/sofi-filtration)** Grant · FI **$1.0M** With 2 others
- **Nov** **[Gosta Labs](https://millionrounds.com/company/gosta-labs)** Seed · FI **$8.7M** Sole investor
- **Sept** **[Agate Sensors](https://millionrounds.com/company/agate-sensors)** Seed · FI · LIFTT **$4.7M** *Led*
- **Sept** **[Hormona](https://millionrounds.com/company/hormona)** Grant · GB **$135K** With 3 others
- **Sept** **[ElFys](https://millionrounds.com/company/elfys)** Venture · FI **Undisclosed** With 4 others
- **Aug** **[Liquid](https://millionrounds.com/company/liquid)** Seed · BR · LatamList **$2.1M** With 5 others
- **Aug** **[Farang](https://millionrounds.com/company/farang)** Seed · SE **$1.7M** Sole investor
- **Jun** **[Epigenica AB](https://millionrounds.com/company/epigenica-ab)** Seed · SE · Navigare Ventures **$2.2M** *Led*
- **Jun** **[Geyser Batteries](https://millionrounds.com/company/geyser-batteries)** Venture · FI **Undisclosed** With 3 others
- **May** **[Hormona](https://millionrounds.com/company/hormona)** Seed · GB · TechStartups **$6.6M** *Led*
- **May** **[Alba Health](https://millionrounds.com/company/alba-health)** Seed · SE **$2.5M** With 3 others
- **Mar** **[Skyfora](https://millionrounds.com/company/skyfora)** Seed · FI **$4.2M** With 2 others
- **Feb** **[SemiQon](https://millionrounds.com/company/semiqon)** Venture · FI **$16M** With 2 others
- **Feb** **[StemSight](https://millionrounds.com/company/stemsight)** Seed · FI **$2.4M** With 1 other
- **2024** 9 rounds
- **Dec** **[Aisti](https://millionrounds.com/company/aisti)** Series A · FI · Silicon Canals **$30M** With 6 others
- **Sept** **[NIO](https://millionrounds.com/company/nio)** Series A · EE **$6.8M** Sole investor
- **Aug** **[Betolar](https://millionrounds.com/company/betolar)** FI **$2.6M** With 1 other
- **Aug** **[NADMED](https://millionrounds.com/company/nadmed)** Series A · FI **$3.9M** With 1 other
- **May** **[ArgusEye](https://millionrounds.com/company/arguseye)** Venture · SE **$3.0M** Sole investor
- **May** **[Enifer](https://millionrounds.com/company/enifer)** Series B · FI **$16M** With 1 other
- **Mar** **[Sooma](https://millionrounds.com/company/sooma)** Seed · FI **$5.5M** With 3 others
- **Feb** **[Cellfion](https://millionrounds.com/company/cellfion)** Venture · SE **Undisclosed** With 2 others
- **Jan** **[The Human Touch Robotics](https://millionrounds.com/company/the-human-touch-robotics)** Seed · NO **$1.9M** Sole investor
- **2023** 5 rounds
- **Nov** **[Kuva Space](https://millionrounds.com/company/kuva-space)** Series A · FI **$18M** With 2 others
- **Jul** **[Quantagonia](https://millionrounds.com/company/quantagonia)** Seed · DE **$3.9M** With 1 other
- **Apr** **[Origin by Ocean](https://millionrounds.com/company/origin-by-ocean)** Debt · FI **$5.0M** 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 **10** 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

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

## The cheque

Pre-seed Seed Series A

Median round joined **$4.0M** the round, not its cheque Alone, median **$1.7M**

Led 7 of 47 rounds **15%**

- **Said size:** $300K – $1.0M
- **Sole investor:** 11 rounds
- **Last cheque:** Oct 2026

Rounds by stage said on their site

- Seed said *24*
- Venture *6*
- Series A said *6*
- Grant *5*
- Pre-seed said *2*
- Debt *2*
- Series B said *-*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Business Finland](https://millionrounds.com/fund/business-finland) 10
- [EIC Accelerator](https://millionrounds.com/fund/eic-accelerator) 10
- [Lifeline Ventures](https://millionrounds.com/fund/lifeline-ventures) 5
- [Almi Invest](https://millionrounds.com/fund/almi-invest) 4
- [European Commission](https://millionrounds.com/fund/european-commission) 3
- [Eviny Ventures](https://millionrounds.com/fund/eviny-ventures) 2

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## Who they invest alongside

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

[**Business Finland** Accelerator **10** rounds together](https://millionrounds.com/fund/business-finland)[**EIC Accelerator** Government **10** rounds together](https://millionrounds.com/fund/eic-accelerator)[**Lifeline Ventures** VC firm **5** rounds together](https://millionrounds.com/fund/lifeline-ventures)[**Almi Invest** VC firm **4** rounds together](https://millionrounds.com/fund/almi-invest)[**European Commission** VC firm **3** rounds together](https://millionrounds.com/fund/european-commission)[**Eviny Ventures** Corporate VC **2** rounds together](https://millionrounds.com/fund/eviny-ventures)[**Hoxton Ventures** Angel network **2** rounds together](https://millionrounds.com/fund/hoxton-ventures)[**Illumina Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/illumina-ventures)[**LUMO Labs** VC firm **2** rounds together](https://millionrounds.com/fund/lumo-labs)[**SFC Capital** Angel network **2** rounds together](https://millionrounds.com/fund/sfc-capital)[**Techstars** VC firm **2** rounds together](https://millionrounds.com/fund/techstars)

## Recently backed

The latest companies Voima Ventures put money into.

[**CubaseBio** $4.6M · Sept 2026](https://millionrounds.com/company/cubasebio)[**Reduciner** $1.7M · Sept 2026](https://millionrounds.com/company/reduciner)[**Skyfora** $7.5M · Jun 2026](https://millionrounds.com/company/skyfora)[**Betolar** $2.4M · Jun 2026](https://millionrounds.com/company/betolar)[**TheStorage** $4.2M · Apr 2026](https://millionrounds.com/company/thestorage)[**Photoncycle** $17M · Mar 2026](https://millionrounds.com/company/photoncycle)

## Mentioned on podcasts

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

- [Tech.eu](https://millionrounds.com/podcasts/tech-eu) 28 May 2020 · 42 min Early-stage funding landscape in Europe Mentions [Voima Ventures](https://millionrounds.com/fund/voima-ventures)[Dmitry Kalaev](https://millionrounds.com/person/dmitry-kalaev)[Inka Mero](https://millionrounds.com/person/inka-mero) *+2* Apple PodcastsShow page

## Quick answers about Voima Ventures

### What does Voima Ventures invest in?

Voima Ventures invests most often at Seed and Venture (67% of the rounds on record), in sectors such as Deeptech and Venture Capital & Private Equity.

### How active is Voima Ventures?

47 investments on record, 16 of them in the last 12 months, and it led 7. The most recent was in Oct 2026.

### What has Voima Ventures invested in recently?

Its most recent investments on record: QuantrolOx (Series A, Oct 2026), Aventix (Pre-seed, Sept 2026) and CubaseBio (Grant, Sept 2026).

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

The median round it joins is $4.0M. It says it writes cheques of $300K to $1.0M.

### Does Voima Ventures lead rounds?

Sometimes: it led 7 of its 47 investments on record (15%).

### Where does Voima Ventures invest?

Most of the companies it backs are in Finland (56%), Sweden (23%) and Norway (5%).

### Is Voima Ventures investing now?

Yes: it is actively investing, with 16 investments in the last 12 months.

### Who does Voima Ventures invest alongside?

Most often Business Finland (10 rounds together), EIC Accelerator (10 rounds together) and Lifeline Ventures (5 rounds together).

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