Butterfly Ventures

Co-investorsKaristaTera Ventures

3AWater makes the Multimetal Water Analysis System (MWAS), a patented, portable, battery-operated device that measures levels of eleven dissolved metals in industrial and environmental waters, delivering on-site results in under 15 minutes.

CleantechHardwareIoT

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

Co-investorsTesi (Finnish Industry Investment Ltd)Voima Ventures

Ampliconyx builds high-power all-fiber gain modules based on active tapered double-clad fiber technology, offering modules rated above 100 W.

Deep TechHardwareNew Materials

Amadeus Capital Partners is a UK venture capital firm, founded in 1997, that invests in deep technology companies from seed to growth stage across three areas: Intelligence (AI, advanced computing, quantum), Human (health, medicine, wellness), and Planet (sustainability, energy, materials, space).

AI & Machine LearningDeep TechQuantum Computing

Anne Glover(Co-founder)Hermann Hauser(Co-founder)

Co-investorsEnterprise Capital FundsSamsung Catalyst FundAmadeus Capital Partners

Atium develops a patent-pending electrochemical technology for selective removal of mercury from water, wastewater, and acids.

CleantechClimate TechDeep TechGöteborg, SE

Björn Wickman(Co-founder)

Co-investorsChalmers Ventures AB

Cerenion develops C-Trend, an AI-assisted software tool that converts complex EEG waveforms into quantitative EEG (qEEG) parameters and trends for real-time brain monitoring.

AI & Machine LearningHealthtechMedical Devices

Co-investorsCapital A Partners

Coolbrook develops patented RotoDynamic Technology, including an electric RotoDynamic Heater (RDH) and RotoDynamic Reactor (RDR), to electrify high-temperature industrial processes reaching up to 1700°C.

Advanced ManufacturingCleantechEnergyGeleen, NL

CooliBlade develops integrated air-cooling thermal management products, including its NEOcore thermosyphon heatsink technology, for high-power electronics.

CleantechEnergyHardware

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

Staffan Helgesson(Founder)in

Co-investorsCalm/Storm VCGolden Sparrow Ventures, LlcTesi (Finnish Industry Investment Ltd)Vintage Investment PartnersAndreessen HorowitzBain Capital Ventures+8 more

Creoir provides embedded, on-device Voice AI technologies — including automatic speech recognition, text-to-speech, and speech signal enhancement — that operate without cloud connectivity.

AI & Machine LearningDeep TechDefense TechOulu, FI

Antti Lilja(Founder)Jaakko Mattila(Founder)Oskari Ketola(Founder)

Co-investorsModerne Ventures

CyberCoach provides security awareness support to help organizations keep employees informed and aware of security across specialized roles.

CybersecurityHR TechSaaS

Helsinki, FI

Dan Daly(Founder)inEd Doe(Founder)in

Co-investorsK20 FundSony Ventures Corporation

Elonroad develops conductive charging systems for electric vehicles that charge while driving or parked, using electrified road tracks and road sensor data.

CleantechEnergyMobility & Transportation

Co-investorsBring VenturesLU Innovation

Embedl provides a platform for optimizing, compiling, and deploying AI models on edge hardware, including conversion, quantization, and benchmarking on device farms.

AI & Machine LearningDeep TechDeveloper Tools

Co-investorsChalmers Ventures ABFairpoint CapitalSpintop Ventures

Fjuul provides a plug-and-play platform that tracks physical activity and converts it into scored metrics (Fjuul points based on MET values) to power engagement, reward, and wellbeing programs.

Digital HealthInsurTechWellness & Fitness

Co-investorsKickstart Innovation

flinder builds and runs outsourced finance functions for fast-growth tech, SaaS, and e-commerce companies, providing bookkeeping, finance managers, controllers, and CFO-level support along with performance reporting.

Enterprise SoftwareFintechSaaS

Co-investorsPeakEviny VenturesFarvatn VentureMomentumNordic Makers

Flow Computing develops the Flow PPU (Parallel Processing Unit), a licensable on-die parallel co-processor architecture that works alongside CPUs to improve parallel throughput and scalability.

Deep TechHardwareSemiconductorsHelsinki, FI

Timo Valtonen(CEO, Co-Founder)inMartti Forsell(CTO & Chief Architect, Co-Founder)Jussi Roivainen(Chief Designer, Co-Founder)in

Co-investorsSuperhero Capital8VCMVP VenturesNeoNew Enterprise Associates (NEA)Notable Capital+2 more

GBuilder provides software for real estate developers and construction projects, covering processes from marketing through to aftercare.

Construction TechPropTechSaaS

Co-investorsVendep Capital

Geyser Batteries develops high-power, heavy-duty energy storage systems built on a proprietary water-based electrolyte and its own engineering and manufacturing methods.

CleantechEnergyHardware

Co-investorsVoima Ventures

Happy Plant Protein develops a process that converts flours into plant-based protein ingredients for food manufacturers, designed to run in existing facilities with no waste and a neutral taste.

FoodTechNew Materials

Co-investorsNordic Foodtech VC

Harvard Business Review (HBR) publishes articles and content on management, leadership, and business topics for professionals and organizations.

Media & Entertainment

Co-investorsCRV (Charles River Ventures)Gunung Capital

Hintsa provides performance coaching and wellbeing programmes for athletes, business executives, and organisations, using an evidence-based method developed in Formula 1 by Dr.

Future of WorkSports TechWellness & Fitness

Aki Hintsa(Founder)Annastiina Hintsain

Co-investors500 GlobalK5 Global

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

Co-investorsLuminar Ventures

Icebreaker.vc is a venture capital firm that provides first tickets of up to €1.5M to early-stage teams from idea to seed stage, focusing on startups in Estonia, Finland, and Sweden.

Sector AgnosticNorth 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)

Co-investorsTesi (Finnish Industry Investment Ltd)

Incipientus develops touch-free in-line ultrasound sensor technology that monitors complex fluids in real time, delivering continuous viscosity, flow and velocity data for manufacturers.

Advanced ManufacturingHardwareIoT

Incipientus develops ultrasonic in-line monitoring systems that measure real-time flow and multipoint viscosity of complex fluids for manufacturers, allowing measurement and visualization without interrupting production.

Advanced ManufacturingDeep TechHardware

Intelecy offers a no-code industrial AI platform that lets process engineers and operators build machine learning models to monitor and optimize manufacturing processes in real time.

Advanced ManufacturingAI & Machine LearningSaaS

Co-investorsSkagerak CapitalYara Growth Ventures

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

Co-investorsMetaplanetSuperhero CapitalUnion Square Ventures (USV)Zrosk Investment Management

ioLiving, operating as SmartKitchen, provides digital tools for professional kitchens and food service businesses, including automated self-monitoring, food waste tracking, and task management to support food safety and productivity.

FoodTechIoTSaaSOulu, FI

Matti Verkasalo(CEO)

IPDX offers a data analytics and predictive modelling platform that helps organisations interpret operational and behavioural data to support financial planning, forecasting, and cost control.

Data & InfrastructureFintechSaaS

KNL builds Cognitive Networked HF (CNHF) software-defined radio systems that provide long-range, beyond-line-of-sight communications for military and security operations.

Deep TechDefense TechHardwareOulu, FI

Co-investorsCreandum

A Finnish-language content site providing analysis and coverage of the FIFA Club World Cup 2023, including match strategies, tactics, and player performances.

Media & EntertainmentSports Tech

AsthmaTuner (by MediTuner) offers an app for patients with lung diseases such as asthma to monitor their lung health and symptoms from home, providing tests, personalized care plans, and follow-ups.

Digital HealthHealthtechMedical Devices

Mitta is a Finnish measurement and surveying company that recently acquired eSite, a firm specializing in advanced 3D reality capture and modeling of built environments for industrial facilities, factories, and construction sites. eSite offers a SaaS product used by large industrial clients.

Construction TechDeep TechSaaS

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)

Co-investorsInnovestor Ventures

Naava provides indoor greenery for workplaces, including green walls, potted plants, moss walls, and custom planters, along with professional green design, installation, and maintenance offered as a monthly service.

HardwareIoTWellness & Fitness

NordAmps designs, manufactures, and sells high-frequency circuits based on a patented vertical nanowire transistor technology that integrates III-V compound semiconductor materials on standard silicon wafers.

Deep TechHardwareSemiconductors

Jan Andersson(CEO)

Co-investorsLU Innovation

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

Co-investorsClimate InvestmentLifeline VenturesVNT Management

Olfactomics develops differential ion mobility spectrometry (DMS) sensors that detect compounds in the volatilome at parts-per-billion concentrations within milliseconds, combined with data analytics.

Deep TechHardwareMedical Devices

A personal website of Om, a Silicon Valley veteran journalist, entrepreneur, and venture capitalist, offering analysis of major technology trends and their effects on business and society.

Media & Entertainment

OZOREON, the brand of Pure Bio Synergy Sweden AB, builds the (H)unit, a patented ozone generator that uses ambient (including humid) air and electricity to disinfect and purify water, surfaces, and air.

CleantechClimate TechHardware

Polar Light Technologies develops pyramidal microLEDs that emit red, green, and blue light from the same material compound, enabling smaller and more efficient micro-projectors and displays.

Deep TechHardwareSemiconductors

Profilence provides software analytics services that detect defects and analyze root causes affecting software stability, performance, functionality, and power consumption, modeling long-term device usage in lab conditions.

Deep TechDeveloper ToolsSaaS

Proximi.io provides an API-first indoor positioning and navigation platform that lets venues generate interactive 2D/3D maps, AI-powered search, and step-by-step wayfinding across floors and buildings.

Developer ToolsIoTSaaS

Reactional Music operates a music personalisation platform that provides programmable, rights-compliant music infrastructure for games and interactive media.

GamingMedia & EntertainmentSaaSStockholm, SE

Retein develops a patented molecular separation technology, based on bio-inspired stabilized channel proteins, to recover high-purity resources such as clean water and lithium from water sources.

CleantechDeep TechNew Materials

Co-investorsIndustrifondenNavigare Ventures

RiACT develops RiFLEX, a hardware-agnostic robot operating system and development platform that lets operators and integrators configure, coordinate, and run industrial and collaborative robots through a single interface without traditional programming.

Advanced ManufacturingDeep TechRobotics

Sapotech develops machine vision and AI-based measurement and surface inspection systems, such as its Reveal CAST product, for metal production and steel mills.

Advanced ManufacturingAI & Machine LearningHardware

Co-investorsCalm/Storm VCDigerati InvestmentsLeonis CapitalMoth FundPhaze VenturesXYZ Venture Capital