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Butterfly Ventures

Venture capital

Oulu · Seed · 8 people tracked

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Investment thesis

Butterfly Ventures focuses on seed-stage deep tech, hardware, and hardware-interfacing software companies with social or environmental impact, primarily in Finland and Sweden but also across the Nordics and Baltics. The firm typically enters early, when most portfolio companies have no revenue yet, and favors a co-operative, hands-on approach in which founders receive support from all partners. It always makes its first investment at seed but reserves significant capacity for follow-on rounds. Butterfly emphasizes societal impact and is noted as an early carbon-neutral European VC.

Invests inCleantechClimate TechDeep TechHardwareImpact & Social GoodDenmarkEstoniaEuropeFinlandHelsinkiLatviaLithuaniaSweden

Source: firm website, verified Aug 3, 2026.

Stage
Seed
Check
$300K
HQ
Oulu, FI
Leads rounds
Leads
Instruments
Equity
Founded
2012
AUM
$83M
Tracked investments
79

Team · 8 people

from the firm's website & public directories

What they invest in

from 9 of 79 portfolio companies

AI & Machine Learning ×4Deep Tech ×3Medical Devices ×3Cleantech ×2Digital Health ×2Enterprise Software ×2Healthtech ×2Media & Entertainment ×2

HQs:Finland×6United States×2

Investments · 79 tracked

founders shown can be your intro path
01 Ventures01ventures.comin
10Linesrobots10linesrobots.comin
3Awater3awater.comin𝕏
Adamant Healthadamanthealth.comin

Adamant Health develops an AI-powered technology that uses surface electromyography (EMG) and kinematic measurements to track the visible and hidden motor symptoms of Parkinson's disease.

AI & Machine LearningDigital HealthMedical Devices

Ampliconyxampliconyx.com
Anne Gloveramadeuscapital.com
Atiumatium.se
Cerenioncerenion.comin
Conexbirdconexbird.com
Coolbrookcoolbrook.comin𝕏
Coolibladecooliblade.comin
Creandumcreandum.comin𝕏

Creandum is a venture capital firm whose team is made up of former operators, founders, engineers, and specialists who back startups and their founders.

Sector Agnostic

Creoircreoir.comin
Cubicubi.casa
Cybercoachcybercoach.comin𝕏
Daisyvarhaiskasvatusdaisyvarhaiskasvatus.fi
Delosdelos.com
Elonroad ABelonroad.comin
Embedlembedl.comin
Evokailabsevokailabs.com
Fjuulfjuul.com𝕏
Flowflow-computing.comin
Gbuildergbuilder.comin𝕏
Geyser Batteriesgeyserbatteries.comin𝕏
Happyplantproteinhappyplantprotein.comin
Hintsahintsa.comin𝕏
Hypertypehypertype.aiin

Hypertype provides AI agents that handle repetitive customer support tasks by drawing on a company's own data, integrating with CRMs, helpdesk systems, and internal tools.

AI & Machine LearningEnterprise SoftwareSaaS

Icebreakericebreaker.vcin𝕏

North Attleboro, US

Julio E. Vega(Mr. Vega is the Secretary of the Issuer.)Mark Brehaut(Executive Officer, Director, Promoter)Kevin Murray, Jr.(Executive Officer, Director, Promoter)

Incipientusincipientus.com
Incipientus Ultrasound Flow Technologies

Company developing ultrasound technology for industrial liquid process monitoring; closed an eight-figure round led by Butterfly Ventures.

Intelecyintelecy.comin
Inventureinventure.fiin

Inventure is a generalist venture capital firm investing primarily in Nordic and Baltic companies across deep tech, consumer, healthtech, AI, and B2B SaaS sectors.

AI & Machine LearningDeep TechSaaSHelsinki, FI

Iolivingioliving.com
IPDxipdx.eu
KNL Networksknlnetworks.comin𝕏
Kyynelkyynel.net
Ladimoladimo.fi

A Finnish sports media or content platform that publishes analysis and coverage of major football tournaments, particularly the FIFA Club World Cup, including match strategies, team performance reviews, and player statistics.

Media & EntertainmentSports Tech

Linkspindrive.fiin

SpinDrive provides active magnetic bearing (AMB) solutions and proprietary software tools for industrial machinery, offering both complete systems and modular components with a focus on energy efficiency and carbon-neutral technology.

Advanced ManufacturingCleantechClimate Tech

Meditunerasthmatuner.se
Mittamitta.fi
Monidormonidor.comin𝕏

Monidor develops easy-to-use health technology solutions to support nurses and improve patient safety.

Digital HealthEnterprise SoftwareHealthtechMedical DevicesFinland, FI

Mikko Savola(CEO)Antti Puolitaival(Chief Medical Officer)

BoardJukka Kettunen(Chairman of the board)

Naavanaava.ioin
Nordampsnordamps.comin
norsepower_red-01norsepower.comin𝕏

Norsepower develops wind-assisted propulsion systems for maritime vessels to reduce fuel consumption and emissions.

CleantechEnergyFinland, FI

Heikki Pöntynen(CEO)inJukka KuuskoskiinJarkko Väinämö(COO)in

Ntrainntrain.fi
Olfactomicsolfactomics.fiin𝕏
Omom.co𝕏
Pbsgenerationpbsgeneration.com
Polar Light Tech ABpolar-light-technologies.com
Popitpopit.io
Profilenceprofilence.com
Proximiproximi.io
Reactionalmusicreactionalmusic.com
Reaktor Venturesreaktorventures.com
Reteinretein.techin𝕏
Riactriact.aiin
Sapotechsapotech.fiin
Sarokalsarokal.fi

Frequently asked questions

What stage does Butterfly Ventures invest at?
Butterfly Ventures invests at the Seed stage.
What is Butterfly Ventures's typical check size?
Butterfly Ventures typically writes checks of $300K.
What sectors does Butterfly Ventures focus on?
Butterfly Ventures focuses on Cleantech, Climate Tech, Deep Tech, Hardware, Impact & Social Good.
Where is Butterfly Ventures located?
Butterfly Ventures is headquartered in Oulu, FI.
Does Butterfly Ventures lead rounds?
Yes, Butterfly Ventures leads investment rounds.

Images

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