# Series B investors in Finland (2026 list) > 20 series B investors in Finland, 100% active in the last 12 months. Led by EIC Accelerator, Global Founders Capital, European Investment Bank. Source: https://millionrounds.com/lists/series-b-investors-in-finland (Millionrounds; every figure on the page links to its filing or article) [Investor Lists](https://millionrounds.com/lists) # Series B investors in Finland Updated 7 November 2026 Firms we have watched take part in a Series B round raised by a company in Finland in the last two years, wherever the firm is based. [See all 20 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fseries-b-investors-in-finland)The top 20 **20** investors on the list No change this week **448** cheques in 12 months *-10%* against the market **$21M** median round they joined *+163%* against the market median **100%** wrote a cheque in 12 months **75%** have led a round ## The Top 20 Ordered by cheques observed, never by anything anyone paid for Deploying now (20) - 1 [EIC Accelerator](https://millionrounds.com/fund/eic-accelerator) *Deploying now* Government · European Union **875** **$4.3M** median round **Oct 2026** last seen - 2 [Global Founders Capital](https://millionrounds.com/fund/global-founders-capital) *Deploying now* VC firm · Germany **461** **$7M** median round **Oct 2026** last seen - 3 [European Investment Bank](https://millionrounds.com/fund/european-investment-bank) *Deploying now* Government · Luxembourg **246** **$37M** median round **Nov 2026** last seen - 4 [DN Capital](https://millionrounds.com/fund/dn-capital) *Deploying now* VC firm · United States **202** **$16M** median round **Jun 2026** last seen - 5 [Business Finland](https://millionrounds.com/fund/business-finland) *Deploying now* Accelerator · Finland **153** **$2.3M** median round **Sept 2026** last seen - 6 [Lifeline Ventures](https://millionrounds.com/fund/lifeline-ventures) *Deploying now* VC firm · Finland **141** **$5.7M** median round **Nov 2026** last seen - 7 [Eleven Ventures](https://millionrounds.com/fund/eleven-ventures-3) *Deploying now* VC firm · United States **120** **$5.1M** median round **Sept 2026** last seen - 8 [Emergence Capital](https://millionrounds.com/fund/emergence-capital) *Deploying now* VC firm · Senegal **101** **$30M** median round **Oct 2026** last seen - 9 [Ten Eleven Ventures](https://millionrounds.com/fund/ten-eleven-ventures) *Deploying now* VC firm · United States **76** **$25M** median round **Sept 2026** last seen - 10 [ByFounders](https://millionrounds.com/fund/byfounders) *Deploying now* VC firm · Denmark **71** **$3.6M** median round **Sept 2026** last seen - 11 [Activant Capital](https://millionrounds.com/fund/activant-capital) *Deploying now* VC firm · United States **60** **$30M** median round **Sept 2026** last seen - 12 [Vsquared Ventures](https://millionrounds.com/fund/vsquared-ventures) *Deploying now* VC firm · Germany **53** **$17M** median round **Nov 2026** last seen - 13 [FPV Ventures](https://millionrounds.com/fund/fpv-ventures) *Deploying now* VC firm · United States **44** **$28M** median round **Sept 2026** last seen - 14 [Tesi](https://millionrounds.com/fund/tesi) *Deploying now* Government · Finland **29** **$17M** median round **Sept 2026** last seen - 15 [MUFG Innovation Partners](https://millionrounds.com/fund/mufg-innovation-partners) *Deploying now* Corporate VC · Japan **8** **$127M** median round **Sept 2026** last seen - 16 [Varma Mutual Pension Insurance Company](https://millionrounds.com/fund/varma) *Deploying now* Institutional LP · Finland **7** **$64M** median round **Sept 2026** last seen - 17 [6 Degrees Capital](https://millionrounds.com/fund/6-degrees-capital-2) *Deploying now* VC firm · United Kingdom **5** **$8M** median round **Sept 2026** last seen - 18 [Supermicro](https://millionrounds.com/fund/supermicro) *Deploying now* Growth equity · United States **3** **$140M** median round **Sept 2026** last seen - 19 [Mark Saroufim](https://millionrounds.com/fund/mark-saroufim) *Deploying now* Growth equity **1** **$189M** median round **Sept 2026** last seen - 20 [Ola Tørudbakken](https://millionrounds.com/fund/ola-t-rudbakken) *Deploying now* Growth equity **1** **$189M** median round **Sept 2026** last seen ## 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 **[Quint Computing](https://millionrounds.com/company/quint-computing)** Series A · $10M *Led by* [Vsquared Ventures](https://millionrounds.com/fund/vsquared-ventures) - **5** Nov **[VÆRIDION](https://millionrounds.com/company/v-ridion)** Series A · $34M *With* [Vsquared Ventures](https://millionrounds.com/fund/vsquared-ventures) - **3** Nov **[Scatec](https://millionrounds.com/company/scatec)** Debt · $217M *With* [European Investment Bank](https://millionrounds.com/fund/european-investment-bank) - **3** Nov **[Quint](https://millionrounds.com/company/quint)** Seed · $10M *Led by* [Vsquared Ventures](https://millionrounds.com/fund/vsquared-ventures) - **28** Oct **[Casap](https://millionrounds.com/company/casap)** Series B · $56M *With* [Emergence Capital](https://millionrounds.com/fund/emergence-capital) ## Stages This Year 403 rounds - Venture **23%** - Series A **17%** - Seed **16%** - Grant **10%** - Series B **9%** - Other **25%** ## What They Backed Sectors, last 12 months - AI **110** - Biotech **50** - Healthcare **41** - Energy **25** - Aerospace & Space **21** - Cleantech **19** ## Cheques by Quarter Led Joined 143 Q1 25 141 Q2 25 130 Q3 25 121 Q4 25 143 Q1 26 140 Q2 26 111 Q3 26 14 Q4 26 The last bar is the quarter still running. ## Lists Like This - [Early stage investors in United States 3,774](https://millionrounds.com/lists/early-stage-investors-in-united-states) - [Series A investors in United States 2,305](https://millionrounds.com/lists/series-a-investors-in-united-states) - [Seed investors in United States 2,252](https://millionrounds.com/lists/seed-investors-in-united-states) - [Series B investors in United States 1,647](https://millionrounds.com/lists/series-b-investors-in-united-states) - [Growth investors in United States 1,329](https://millionrounds.com/lists/growth-investors-in-united-states) - [Early stage investors in United Kingdom 1,166](https://millionrounds.com/lists/early-stage-investors-in-united-kingdom) - [Series C investors in United States 967](https://millionrounds.com/lists/series-c-investors-in-united-states) - [Pre-seed investors in United States 774](https://millionrounds.com/lists/pre-seed-investors-in-united-states) - [Seed investors in United Kingdom 692](https://millionrounds.com/lists/seed-investors-in-united-kingdom) [All investor lists *→*](https://millionrounds.com/lists) ## Reading for founders at Series B and scaling - Blitzscaling: The Lightning-Fast Path to Building Massively Valuable Companies Reid Hoffman · 2018 3.95 from 7,118 ratings on Goodreads Scaling and operations Leading and managing Moats and competition About the book Foreword by Bill Gates LinkedIn cofounder, legendary investor, and host of the award-winning Masters of Scale podcast reveals the secret to starting and scaling massively valuable companies. What entrepreneur or founder doesn’t aspire to build the next Amazon, Facebook, or… On AmazonListen on Audible - One Page Talent Management: Eliminating Complexity, Adding Value Marc Effron · 2010 4.00 from 311 ratings on Goodreads Leading and managing Hiring and culture Scaling and operations About the book A Revolutionary Approach to Talent Management You know that winning in today’s marketplace requires top quality talent. You also know what it takes to build that talent, and you spend significant financial and human resources to make it happen. Yet somehow, your company’s… On AmazonListen on Audible - The Culture Code: The Secrets of Highly Successful Groups Daniel Coyle · 2017 4.24 from 37,412 ratings on Goodreads Hiring and culture Leading and managing About the book What do Pixar, Google and the San Antonio Spurs basketball team have in common?The answer is that they all owe their extraordinary success to their team-building skills. In The Culture Code, Daniel Coyle goes inside some of the most effective organisations in the world and… On AmazonListen on Audible - Scaling Up: How a Few Companies Make It...and Why the Rest Don't Verne Harnish · 2014 4.16 from 6,229 ratings on Goodreads Scaling and operations Leading and managing About the book Winner of the 2015 International Book Awards for General Business Winner of the 2015 National Indie Excellence Award for General Business Winner of the 2015 Readers' Favorite International Book Award Gold Medal for Non-Fiction Business Winner of the 2015 Paris Book… On AmazonListen on Audible More books for founders and investors on the [Reading List](https://millionrounds.com/reading-list?role=founder&stage=scaling). As an Amazon Associate we earn from qualifying purchases. ## Quick answers about series B investors in Finland ### Who are the most active series B investors in Finland? By cheques observed, the most active are EIC Accelerator, Global Founders Capital, European Investment Bank, DN Capital and Business Finland. ### How many series B investors in Finland are there? 20 are on record. 100% made an investment in the last 12 months and 75% have led a round. ### Which stages do series B investors in Finland back? Of the rounds with a named stage in the last 12 months, mostly Series A (24%) and Seed (22%). ### How big are the rounds series B investors in Finland join? The typical (median) round among the leading investors here is $25M. ### Which sectors do series B investors in Finland back most? In the last 12 months, mostly AI, Biotech and Healthcare. ### Which series B investors in Finland lead the most rounds? Global Founders Capital (11 led), Emergence Capital (11 led) and EIC Accelerator (9 led). ### Where are series B investors in Finland based? Among the most active, most are based in the United States (6), Finland (4) and Germany (2). ### What have series B investors in Finland invested in recently? Recent rounds include Vensum Power (Series A, Nov 2026, with Lifeline Ventures), Quint Computing (Series A, Nov 2026, with Vsquared Ventures) and VÆRIDION (Series A, Nov 2026, with Vsquared Ventures). Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)