# Who Invests With Business Finland: 20 Co-Investors (2026) > The 20 investors that have backed two or more of the same startups as Business Finland, by kind: vc firms and government funds. Most often Voima Ventures. Source: https://millionrounds.com/portfolio-maps/business-finland-co-investors (Millionrounds; every figure on the page links to its filing or article) ## VC firms 15 - [Voima Ventures](https://millionrounds.com/fund/voima-ventures) - [Lifeline Ventures](https://millionrounds.com/fund/lifeline-ventures) - [Vendep Capital](https://millionrounds.com/fund/vendep-capital) - [Superhero Capital](https://millionrounds.com/fund/superhero-capital) - [*EC* European Commission](https://millionrounds.com/fund/european-commission) - [*TV* Tekes Venture Capital](https://millionrounds.com/fund/tekes-venture-capital) - [Inventure](https://millionrounds.com/fund/inventure) - [Play Ventures](https://millionrounds.com/fund/play-ventures) - [General Catalyst](https://millionrounds.com/fund/general-catalyst) - [*E* EISMEA](https://millionrounds.com/fund/eismea) - [Antler](https://millionrounds.com/fund/antler) - [Specialist VC](https://millionrounds.com/fund/specialist-vc) - [Crowberry Capital](https://millionrounds.com/fund/crowberry-capital) - [Gorilla Capital](https://millionrounds.com/fund/gorilla-capital) - [PROfounders Capital](https://millionrounds.com/fund/profounders-capital) ## Government funds 5 - [European Investment Bank](https://millionrounds.com/fund/european-investment-bank) - [Tesi](https://millionrounds.com/fund/tesi) - [Finnvera Venture Capital](https://millionrounds.com/fund/finnvera) - [EIC Accelerator](https://millionrounds.com/fund/eic-accelerator) - [European Union](https://millionrounds.com/fund/european-union) ## Segment by segment ### VC firms 15 investors - [**Voima Ventures**](https://millionrounds.com/fund/voima-ventures) VC firm Finland 8 backed - [**Lifeline Ventures**](https://millionrounds.com/fund/lifeline-ventures) VC firm Finland 7 backed - [**Vendep Capital**](https://millionrounds.com/fund/vendep-capital) VC firm Finland 6 backed - [**Superhero Capital**](https://millionrounds.com/fund/superhero-capital) VC firm Finland 5 backed - [*EC* **European Commission**](https://millionrounds.com/fund/european-commission) VC firm Belgium 3 backed - [*TV* **Tekes Venture Capital**](https://millionrounds.com/fund/tekes-venture-capital) VC firm - 3 backed - [**Inventure**](https://millionrounds.com/fund/inventure) VC firm Finland 3 backed - [**Play Ventures**](https://millionrounds.com/fund/play-ventures) VC firm Singapore 3 backed ### Government funds 5 investors - [**European Investment Bank**](https://millionrounds.com/fund/european-investment-bank) Government fund Luxembourg 4 backed - [**Tesi**](https://millionrounds.com/fund/tesi) Government fund Finland 2 backed - [**Finnvera Venture Capital**](https://millionrounds.com/fund/finnvera) Government fund Finland 2 backed - [**EIC Accelerator**](https://millionrounds.com/fund/eic-accelerator) Government fund European Union 2 backed - [**European Union**](https://millionrounds.com/fund/european-union) Government fund United Kingdom 2 backed **How this map is made.** Every investor here has backed two or more of the same startups as Business Finland, in rounds we track. Grouped by kind, each ranked by how many startups it shares with Business Finland. Rebuilt nightly; updated 15 November 2026. ## More portfolio maps [All portfolios](https://millionrounds.com/portfolio-maps) [Portfolio map **Business Finland portfolio map** 70 startups · $671M](https://millionrounds.com/portfolio-maps/business-finland-portfolio-map)[Sector portfolio **Business Finland's AI portfolio** 13 startups · $64M](https://millionrounds.com/portfolio-maps/business-finland-ai-portfolio)[Co-investors **Who invests with Y Combinator** 1,812 co-investors](https://millionrounds.com/portfolio-maps/y-combinator-co-investors)[Co-investors **Who invests with 500 Global** 996 co-investors](https://millionrounds.com/portfolio-maps/500-startups-co-investors)[Co-investors **Who invests with Techstars** 991 co-investors](https://millionrounds.com/portfolio-maps/techstars-co-investors)[Co-investors **Who invests with SV Angel** 988 co-investors](https://millionrounds.com/portfolio-maps/sv-angel-co-investors) ## Raising from investors like Business Finland? Find the investors who back startups like yours, with their cheques, rounds and partners, in the app with filters, lists and exports. [Find investors](https://millionrounds.com/login?join=1&next=/app/investors)[Market maps](https://millionrounds.com/market-maps)