# Investors based in Finland (2026 list) > 436 investors based in Finland, 9% active in the last 12 months. Led by Business Finland, Lifeline Ventures, Inventure. Ranked by what they funded. Source: https://millionrounds.com/lists/investors-based-in-finland (Millionrounds; every figure on the page links to its filing or article) [Investor Lists](https://millionrounds.com/lists) # Investors based in Finland Updated 7 November 2026 Firms headquartered in Finland, ordered by what we have observed them do rather than by what they claim to invest in. Where a firm sits is not where it invests; for that, see investors in Finland. [See all 436 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Finvestors-based-in-finland)The top 25 **436** investors on the list No change this week **156** cheques in 12 months *+13%* against the market **$6.2M** median round they joined *-22%* against the market median **9%** wrote a cheque in 12 months **6%** have led a round ## The Top 25 Ordered by cheques observed, never by anything anyone paid for Deploying now (14) - 1 [Business Finland](https://millionrounds.com/fund/business-finland) *Deploying now* Accelerator · Finland **153** **$2.3M** median round **Sept 2026** last seen - 2 [Lifeline Ventures](https://millionrounds.com/fund/lifeline-ventures) *Deploying now* VC firm · Finland **141** **$5.7M** median round **Nov 2026** last seen - 3 [Inventure](https://millionrounds.com/fund/inventure) *Deploying now* VC firm · Finland **130** **$5.9M** median round **Nov 2026** last seen - 4 [Nokia Growth Partners](https://millionrounds.com/fund/nokia-growth-partners) quiet VC firm · Finland **96** **$28M** median round **Dec 2019** last seen - 5 [Innovestor](https://millionrounds.com/fund/innovestor) *Deploying now* Angel network · Finland **58** **$2.5M** median round **Oct 2026** last seen - 6 [Finnvera Venture Capital](https://millionrounds.com/fund/finnvera) quiet Government · Finland **56** **$19M** median round **Dec 2024** last seen - 7 [Superhero Capital](https://millionrounds.com/fund/superhero-capital) *Deploying now* VC firm · Finland **54** **$1.4M** median round **Oct 2026** last seen - 8 [Voima Ventures](https://millionrounds.com/fund/voima-ventures) *Deploying now* VC firm · Finland **47** **$4M** median round **Oct 2026** last seen - 9 [Gorilla Capital](https://millionrounds.com/fund/gorilla-capital) *Deploying now* VC firm · Finland **40** **$1.1M** median round **Nov 2026** last seen - 10 [OpenOcean](https://millionrounds.com/fund/openocean) *Deploying now* VC firm · Finland **35** **$14M** median round **Nov 2026** last seen - 11 [Vendep Capital](https://millionrounds.com/fund/vendep-capital) *Deploying now* VC firm · Finland **33** **$3.1M** median round **Nov 2026** last seen - 12 [Conor Venture Partners](https://millionrounds.com/fund/conor-venture-partners) dormant VC firm · Finland **29** **$25M** median round **Jul 2018** last seen - 13 [Tesi](https://millionrounds.com/fund/tesi) *Deploying now* Government · Finland **29** **$17M** median round **Sept 2026** last seen - 14 [3TS Capital Partners](https://millionrounds.com/fund/3ts-capital-partners) *Deploying now* Private equity · Finland **23** **$11M** median round **Apr 2026** last seen - 15 [Nokia](https://millionrounds.com/fund/nokia) *Deploying now* Corporate VC · Finland **21** **$433M** median round **Jun 2026** last seen - 16 [Reaktor Ventures](https://millionrounds.com/fund/reaktor-ventures) dormant VC firm · Finland **21** **$490K** median round **Nov 2015** last seen - 17 [Nexit Ventures](https://millionrounds.com/fund/nexit-ventures) quiet VC firm · Finland **19** **$5.5M** median round **Nov 2013** last seen - 18 [Butterfly Ventures](https://millionrounds.com/fund/butterfly-venture) quiet VC firm · Finland **17** **$1.6M** median round **Apr 2024** last seen - 19 [BioFund Management](https://millionrounds.com/fund/biofund-management) quiet VC firm · Finland **13** **$9.5M** median round **Jun 2008** last seen - 20 [Sitra](https://millionrounds.com/fund/sitra) quiet Corporate VC · Finland **11** **$6.1M** median round **Dec 2014** last seen - 21 [maki.vc](https://millionrounds.com/fund/maki-vc) *Deploying now* VC firm · Finland **11** **$6.3M** median round **Oct 2026** last seen - 22 [CapMan](https://millionrounds.com/fund/capman) quiet Private equity · Finland **10** **$5.2M** median round **Oct 2011** last seen - 23 [Risto Siilasmaa](https://millionrounds.com/fund/risto-siilasmaa) quiet VC firm · Finland **9** **$9M** median round **May 2025** last seen - 24 [Finnfund](https://millionrounds.com/fund/finnfund) *Deploying now* Government · Finland **8** **$52M** median round **Oct 2026** last seen - 25 [Eqvitec Partners](https://millionrounds.com/fund/eqvitec-partners) dormant Private equity · Finland **8** **$5.8M** median round **Feb 2010** last seen **411 more on this list** All 436 are in the app, with filters for stage, sector and market. A free account shows 10 per search, Pro up to 1,000. [See the whole list *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Finvestors-based-in-finland) ## The Newest Cheques Rounds this list's investors joined most recently - **6** Nov **[Vensum Power](https://millionrounds.com/company/vensum-power)** Series A · $10M *Led by* [Lifeline Ventures](https://millionrounds.com/fund/lifeline-ventures) - **5** Nov **[Claimlane](https://millionrounds.com/company/claimlane)** Series A · $6.3M *With* [Vendep Capital](https://millionrounds.com/fund/vendep-capital) - **4** Nov **[Supa](https://millionrounds.com/company/supa)** Seed · $28M *Led by* [OpenOcean](https://millionrounds.com/fund/openocean) - **2** Nov **[Roleo](https://millionrounds.com/company/roleo)** Seed · $3.3M *With* [Inventure](https://millionrounds.com/fund/inventure) - **2** Nov **[Sortrace](https://millionrounds.com/company/sortrace)** Seed · $800K *With* [Gorilla Capital](https://millionrounds.com/fund/gorilla-capital) - **29** Oct **[Bleu Robotics](https://millionrounds.com/company/bleu-robotics)** Pre-seed *With* [Kvanted](https://millionrounds.com/fund/kvanted) ## Stages This Year 116 rounds - Seed **28%** - Pre-seed **19%** - Series A **16%** - Venture **8%** - Grant **7%** - Other **23%** ## What They Backed Sectors, last 12 months - AI **41** - Climate Tech **9** - Biotech **9** - Software **8** - Cleantech **7** - Automotive & EVs **7** ## Cheques by Quarter Led Joined 35 Q1 25 49 Q2 25 31 Q3 25 25 Q4 25 31 Q1 26 49 Q2 26 44 Q3 26 24 Q4 26 The last bar is the quarter still running. ## Lists Like This - [Investors based in United States 73,439](https://millionrounds.com/lists/investors-based-in-united-states) - [Investors based in United Kingdom 8,136](https://millionrounds.com/lists/investors-based-in-united-kingdom) - [Investors based in Canada 3,879](https://millionrounds.com/lists/investors-based-in-canada) - [Investors based in India 3,865](https://millionrounds.com/lists/investors-based-in-india) - [Investors based in Germany 3,455](https://millionrounds.com/lists/investors-based-in-germany) - [Investors based in China 3,027](https://millionrounds.com/lists/investors-based-in-china) - [Investors based in United Arab Emirates 2,916](https://millionrounds.com/lists/investors-based-in-united-arab-emirates) - [Investors based in Australia 2,592](https://millionrounds.com/lists/investors-based-in-australia) - [Investors based in France 2,280](https://millionrounds.com/lists/investors-based-in-france) [All investor lists *→*](https://millionrounds.com/lists) ## Quick answers about investors based in Finland ### Who are the most active investors based in Finland? By cheques observed, the most active are Business Finland, Lifeline Ventures, Inventure, Nokia Growth Partners and Innovestor. ### How many investors based in Finland are there? 436 are on record. 9% made an investment in the last 12 months and 6% have led a round. ### Which stages do investors based in Finland back? Of the rounds with a named stage in the last 12 months, mostly Seed (33%) and Pre-seed (23%). ### How big are the rounds investors based in Finland join? The typical (median) round among the leading investors here is $5.9M. ### Which sectors do investors based in Finland back most? In the last 12 months, mostly AI, Climate Tech and Biotech. ### Which investors based in Finland lead the most rounds? Voima Ventures (7 led), Superhero Capital (5 led) and Lifeline Ventures (4 led). ### What have investors based in Finland invested in recently? Recent rounds include Vensum Power (Series A, Nov 2026, with Lifeline Ventures), Claimlane (Series A, Nov 2026, with Vendep Capital) and Supa (Seed, Nov 2026, with OpenOcean). ### How is this list of investors based in Finland ranked? By cheques observed, from the rounds and filings we watched, and never by anything anyone paid for. It is rebuilt every night. Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)