Fundraising Fox

Lifeline Ventures

Venture capitalActively deployingoperating company · company profile

Helsinki · Pre-Seed–Growth · 16 people tracked

Also known as Lifeline Ventures SCSp

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Investment thesis

Lifeline Ventures backs founders at the earliest stages, focusing on pre-seed and seed investments across all sectors. The firm aims to partner with entrepreneurs from the very start of their journey and remain a supportive presence throughout their growth. Drawing on team members' hands-on global experience as founders and senior operators, the firm positions itself as a builder-oriented partner rather than a passive capital source.

Source: firm website, verified Aug 3, 2026.

Stage
Pre-Seed–Growth
HQ
Helsinki, FI
Leads rounds
Follows
Instruments
Equity
Founded
2009
Last 12 months
1 investment
Tracked investments
155

Team · 16 people

from the firm's website & public directories
Kai Backman· Partnerin𝕏

Founder mafia

3 people who came through Lifeline Ventures went on to found or lead other companies.

What they invest in

from 102 of 155 portfolio companies

AI & Machine Learning ×29SaaS ×23Enterprise Software ×22Deep Tech ×14Healthtech ×14Hardware ×13Cleantech ×12Data & Infrastructure ×11

HQs:Finland×37United States×11United Kingdom×3Denmark×2Germany×1European Union×1

Who they back

founder profiles across 54 portfolio companies
56%
solo founders
30 of 54 mapped founding teams
50%
repeat founders
of 16 founders with career history

Founding team size:solo founder×302 founders×203 founders×34+ founders×1

Where their founders studiedfrom 14 founders with education data

Aalto University ×5National University of Singapore ×2Teknillinen korkeakoulu-Tekniska högskolan ×2

Where their founders worked beforefrom 16 founders with career history

Aalto Entrepreneurship Society ×2Mendor ×2Nokia ×2Supercell ×2

Accelerator rootsportfolio companies that came through a program

Y Combinator ×3

Investments · 155 tracked

founders shown can be your intro path

By year:2026 · 12025 · 12024 · 22020 · 12015 · 12014 · 17 dated

Frontfront.aiin✓ verified

Front AI builds an AI-powered customer service platform that automates service channels with multilingual conversational bots and provides channel strategy optimization tools.

AI & Machine LearningSaaSFinland, FI

Co-investorsboldstart ventures

Karsakarsa.fi✓ verified

Karsa develops sensitive detectors for airborne chemical analysis using mass spectrometry technology.

CleantechClimate TechDeep TechHelsinki, FI

Co-investorsY Combinator

Mojiworksmojiworks.comin✓ verified

Mojiworks develops games that connect communities through social play on platforms like Discord, Reddit, and Snapchat.

AI & Machine LearningCreator EconomyGaming

Matthew Wiggins(CEO)in

Co-investorsBalderton CapitalHeartcore CapitalSunstone Capital

Realmwithrealm.comin✓ verified

Realm builds AI agent infrastructure that transforms a company's go-to-market knowledge into structured context for agents to use, helping revenue teams automate RFP responses and business case generation.

AI & Machine LearningEnterprise SoftwareSales Tech

Johan Jern(Founder)in

Co-investorsFrontline VenturesHubSpot VenturesGlasswing VenturesJump Capital

Sulapacsulapac.comin𝕏✓ verified

Sulapac develops a biodegradable plastic alternative made from biomaterials that breaks down fully without leaving microplastics, designed for use in packaging and consumer products across industries including cosmetics and food service.

Circular EconomyCleantechNew MaterialsHelsinki, FI

Suvi HaimiinLaura Tirkkonen-Rajasalo(Co-founder)in

Co-investorsBonnier CapitalRegeneration.VCArdent Venture

Tiltbiotiltbio.comin✓ verified

TILT Biotherapeutics develops an investigational adenoviral immunotherapy platform for treating solid tumor cancers, with late-stage development of TILT-123 for head and neck cancer treatment.

BiotechHealthtechMedical DevicesHelsinki, FI

Akseli Hemminki(Founder and CEO)

Meru Healthmeruhealth.comin𝕏Dec 2020

Meru Health delivers digital mental health treatment combining therapy with nutrition, sleep, and breathing interventions.

Digital HealthHealthtechMental HealthWellness & FitnessSan Francisco, US

Kristian Ranta(CEO)inRiku Lindholm(Co-founder and COO)inAlbert Nazander(Founder/CTO)in

BoardJoshua Felser(Director)

Board seatTimo Ahopelto· per SEC Form D

Co-investorsBlue Haven InitiativeBold Capital PartnersFoundersX VenturesFoundryIT-Farm CorporationLeksell Social Ventures+2 more

Aivenaiven.ioin𝕏

Aiven provides an open source data platform designed for AI-readiness that enables businesses to build and deploy data applications across enterprise and startup segments globally.

Cloud ComputingData & InfrastructureDeveloper ToolsHelsinki, FI

Heikki Nousiainen(Founder)in

Co-investorsEarlybird Venture CapitalIVP (Institutional Venture Partners)Molten VenturesAtomico

Akkurateakkurate.fi
Altum Technologiesaltumtechnologies.comin

Altum Technologies develops ultrasound technology for industrial cleaning, fouling prevention, and separation in production processes.

Advanced ManufacturingAI & Machine LearningCleantechClimate TechEnterprise SoftwareIoTHelsinki, FI

Edward HaeggströmMatias Tainela(CEO)Bo Malmberg(CCO)Petro Moilanen(CScO)Timo Rauhala(CTO)

Co-investorsSalica Investments

Ambio
Ambiomaterialsambiomaterials.com

Ambio operates a platform that facilitates buying and selling of recycled plastics, connecting suppliers and buyers through a data-driven approach.

B2B MarketplacesCircular EconomyNew Materials

Co-investorsWave Ventures

Ambroniteambronite.com𝕏Aug 2015

Ambronite produced a plant-based meal shake powder designed as a convenient meal replacement.

FoodTechWellness & FitnessSan Francisco, US

Mikko Ikola(Executive Officer, Director)Simo Suoheimo(Executive Officer, Director)Amo Paula(Executive Officer, Director)

Applifier
ArcDiaarcdia.comin𝕏

ArcDia International develops and manufactures in vitro diagnostic solutions for acute infections such as COVID-19, influenza, RSV, and CDI, enabling rapid decentralized testing in hospitals, healthcare centers, and workplaces.

AI & Machine LearningDigital HealthHealthtechMedical DevicesTurku, FI

Co-investorsInnovestor Ventures

Arcticinstarcticinst.io

Arctic Institute manufactures travelling-wave parametric amplifiers (TWPAs) for quantum computing applications, particularly for superconducting qubit readout and high-Q resonator measurements.

HardwareQuantum Computing

Arexarex.io

Co-investorsMosaic Ventures

Betterdoctorquestanalytics.comin𝕏Jun 2014

Quest Analytics provides cloud-based software and services for healthcare provider network management, including its Quest Enterprise Services (QES) platform for measuring, monitoring, and modeling network adequacy, compliance, performance, and provider data accuracy.

Digital HealthHealthtechSaaSSan Francisco, US

Mohamad Makhzoumi(Director)Ari Tulla(Executive Officer, Director)Jean-Francois Clavier(Director)Jaakko Kokko(Director)Tapio Tolvanen(Director)

Co-investorsCommerce VenturesHealth Catalyst CapitalMetaplanetTEXO VenturesUncork Capital

Blast
Blastproseriesblastproseries.com𝕏

BLAST.tv is a hub for competitive esports that covers Counter-Strike, Dota 2, and Rocket League with tournament schedules, live scores, stats, and fantasy mini-games for esports fans.

GamingMedia & EntertainmentCopenhagen, DK

Blokblok.ai𝕏

Blok is a digital real estate agency that helps homeowners sell properties with lower commission fees (averaging €6,000 savings) and provides an advanced valuation tool for property assessment.

B2B MarketplacesPropTechSaaSFinland, FI

Co-investorsBonnier CapitalManta Ray VenturesBlank VenturesMaC Venture CapitalPICUS CAPITALProtagonist+1 more

Blokblok.fitDefunct

Blok provides a platform where fitness instructors can offer live classes, sell recorded content, monetize specialized services, manage brand partnerships, and build their own branded communities.

ConsumerSan Francisco, US

Sahana Rajasekar(Founder)in

Co-investorsY CombinatorBlank VenturesMaC Venture CapitalProtagonistRackhouse Venture Management Lp

Boughtbought.app

Co-investorsWave Ventures

Calectracalectra.comin

Calectra develops electrified, high-temperature industrial heat systems designed to reduce costs and emissions for industrial applications.

Advanced ManufacturingCleantechDeep TechEnergy

Pauliina Meskanen(Co-Founder & CEO)Nate Weger(Co-Founder & CTO)

Co-investorsAera VCLichen Ventures

Callstatscallstats.io
callstats.io
Candela 683
Carbo Culturecarboculture.comin𝕏

Carbo Culture develops carbon removal technology leveraging natural processes combined with advanced engineering to remove carbon dioxide from the atmosphere at scale.

AgTechCircular EconomyCleantechClimate TechDeep TechLondon, NL

Henrietta Moon(CEO & Co-Founder)Chris Carstens(Co-Founder)

Co-investorsAuxxoWave VenturesStarlight Ventures

Clairgoclair.com

Clair provides an AI-powered assortment and demand planning platform for retailers to optimize inventory decisions and align product selection with consumer demand.

AI & Machine LearningRetail Tech

Co-investorsWave Ventures

Clouder
Cloudersolutionscloudersolutions.comin

Clouder provides building data integration and operational intelligence software for commercial real estate portfolios, connecting directly to building systems to reduce energy consumption and improve asset performance for institutional investors and asset managers.

Climate TechData & InfrastructureEnterprise SoftwarePropTech

Cooler Futurecoolerfuture.com
CRACIcraci.comin𝕏

CRACI develops software tools that help development teams achieve Cyber Resilience Act compliance without impacting development velocity.

CybersecurityDeveloper ToolsEnterprise Software

Juho Niemi(Co-founder and CEO)inDennis Marttinen(Co-founder and CTO)inJaakko Sirén(Co-founder and CPO)inPetteri Pulkkinen(Co-founder and CISO)in

Co-investorsWave Ventures

CurifyLabscurifylabs.com

CurifyLabs develops an automated compounding system for pharmacies that uses robotics, GMP-manufactured excipient bases, and integrated quality control software to enable faster, safer preparation of customized medications.

Digital HealthHealthtechMedical DevicesHelsinki, FI

Charlotta TopeliusNiklas Sandler Topelius

Co-investorsHealthCapSandwater

Curious AI
Deep Measuresdeepmeasures.healthin

DEEP Measures enables the adoption of harmonized digital health measures across the pharmaceutical, tech, and regulatory ecosystem.

AI & Machine LearningBiotechDigital HealthEnterprise SoftwareHealthtech

Co-investorsInnovestor Ventures

Digital Workforcedigitalworkforce.comin𝕏

Digital Workforce Services provides business automation and Agentic AI solutions that automate knowledge work processes for large enterprises.

AI & Machine LearningEnterprise SoftwareFuture of WorkSaaS

Dispelixdispelix.comin

Dispelix develops and supplies transparent waveguides that function as see-through displays for consumer and enterprise augmented reality devices.

Deep TechHardwareHelsinki, FI

Antti Sunnari(Chief Executive Officer | Co-Founder)Juuso Olkkonen(Chief Scientific Officer | Co-Founder)

Co-investorsAtlantic Bridge VenturesVoima Ventures

Dittoditto.livein𝕏

Ditto provides a distributed database that enables applications to store and access data across mobile devices, edge devices, and cloud infrastructure without relying on centralized servers, using peer-to-peer mesh replication.

Cloud ComputingData & InfrastructureDeveloper ToolsEnterprise Software

Max Alexander(Founder)in

Co-investorsAcrew CapitalAmity VenturesAugust CapitalTrue VenturesCraft VenturesHeal Capital+2 more

Droppedroppe.comin

Droppe operates an online store selling occupational safety and workwear products—such as safety shoes, high-visibility clothing, protective gloves, respirator masks, and work trousers—from brands like New Balance and Nitras.

B2B MarketplacesE-commerceRetail Tech

Henrik Helenius(Founder)in

Co-investorsOpenOcean

Ductorductor.comin

Ductor builds and operates facilities that convert agricultural waste into sustainable organic fertilizers and biogas for renewable energy production.

AgTechCircular EconomyEnergy

Bernard C. Fenner(CEO)in

Elea & Lilielealili.com
Elvawithelva.comin

Elva provides AI-powered software for managing international employee relocations and global hiring, helping companies hire talent across borders.

AI & Machine LearningEnterprise SoftwareFuture of WorkHR Tech

Co-investorsWave Ventures

Enevoenevo.comin𝕏

Enevo provides data collection and optimization software for waste management operations, serving organizations from small independent recyclers to Fortune 500 corporations managing multiple properties and fleets.

Circular EconomyIoTLogistics & Supply ChainSaaSBoston, US

Co-investorsZenStone Venture CapitalDraper Associates

Ever

AI-native full-stack platform modernizing auto retail infrastructure, starting with electric vehicles

Ever Carsevercars.com

Ever operates an AI-native electric vehicle retail platform, buying and selling EVs both online and in-person across the United States.

AI & Machine LearningE-commerceMarketplacesMobility & TransportationRetail TechSan Francisco, US

Lasse-Mathias Nyberg(Co-Founder & CEO)inTJ Casner(Co-Founder & CTO)inMaximilian Quertermous(Co-Founder & COO)in

Co-investorsFailup VenturesStrawberry Creek VenturesFinTech Collective

Everywear Gameseveryweargames.comin𝕏

Metacore is a mobile game developer that creates entertainment for global audiences.

GamingHelsinki, FI

First-of-its-kind consumer healthcare toolbetterdoctor.comin𝕏

BetterDoctor provides provider data verification and attestation services that allow healthcare professionals and large health systems to verify and validate their information with participating health plans to maintain regulatory compliance and directory accuracy.

Enterprise SoftwareHealthtechSaaS

Ari Tulla(Founder)inTapio Tolvanen

Co-investors500 GlobalKima Ventures

Flow AIflow-ai.comin𝕏

Flow-AI builds infrastructure for production-grade AI agents that operate over structured data and analytical workflows, serving SaaS teams who want to embed reliable, domain-aware agents in their products.

AI & Machine LearningData & InfrastructureEnterprise SoftwareSaaS

Co-investorsProject A Ventures

Focalfocal.incin

Focal provides a digital asset management (DAM) platform for performance advertising teams, integrating AI tagging, performance analytics, and automated workflows to accelerate creative production and reduce approval cycles.

AdTechAI & Machine LearningMarketing Tech

Front AI
Grand Cru
Grandcrugamesgrandcrugames.comin𝕏

Grand Cru Games develops mobile native games.

Gaming

Grey Area
Griffin Refineriesgriffinrefineries.com
Helix Nanotechnologieshelixnano.com𝕏

Helix Nanotechnologies develops mRNA-based therapeutics for disease treatment and environmental applications, currently advancing a COVID-19 vaccine candidate for immunocompromised patients and testing interventions targeting climate challenges.

AI & Machine LearningBiotechHealthtechBoston, US

Nikolai Eroshenko(Founder/CSO)in

Co-investorsBeast VenturesChampion Hill VenturesFifty YearsLongeVCMetaplanetSGH Capital+6 more

HelixNano

Develops mRNA therapeutics designed to treat Covid-19 variants, cancer, and other diseases using artificial intelligence and synthetic biology.

Co-investorsBascom VenturesBeast VenturesDCVC (Data Collective)HAWKTAILThe Venture Collective

Humanchargerhumancharger.com

HumanCharger develops a wearable light therapy headset designed to address seasonal mood disorders, jet lag, and sleep disruption through 12-minute daily light exposure sessions.

ConsumerHardwareWellness & FitnessScandinavia, DK

Huuvahuuva.ioin
HyCom Corehycomcore.com

HyCom develops an xPU Connectivity Platform using electro-optic waveguide modulators for AI data centers, enabling higher-performance data transfer while consuming significantly less energy and requiring reduced physical space.

AI & Machine LearningCloud ComputingDeep Tech

Exits · 4

IPOs and acquisitions across the tracked portfolio

Synosteacq. by Globus MedicalTrademarkNowacq. by CorsearchVioniceacq. by VaisalaZenRoboticsacq. by Terex

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Lifeline Ventures made?
Lifeline Ventures has 152 tracked investments, 5 of which have exited via acquisition or IPO, including 3 dated in the last 24 months.
What stage does Lifeline Ventures invest at?
Lifeline Ventures invests at the Pre-Seed, Seed, Series A, Series B, Series C, Growth stages.
What sectors does Lifeline Ventures focus on?
Lifeline Ventures focuses on Climate Tech, Hardware, Healthtech, Marketplaces, SaaS, Sector Agnostic.
Where is Lifeline Ventures located?
Lifeline Ventures is headquartered in Helsinki, FI.
Does Lifeline Ventures lead rounds?
Lifeline Ventures typically participates in rounds rather than leading them.
Who does Lifeline Ventures co-invest with?
Lifeline Ventures most often shares deals with Wave Ventures, Innovestor Ventures, Initial Capital, among 145 tracked co-investors.

Media · Podcasts & interviews

featuring the team

Does Globalization Have a Future? Does It Matter?

Columbia Business School · Jyri Engeström

"The World's Strongest Investor/Founder Competition 2012" - US Ambassador Bruce Oreck does 3 x 130kg

timomj · Timo Ahopelto

Co-investors · 22

Atomico

Atomico is an international venture capital firm that invests in growth-stage technology companies across multiple geographies. The firm focuses on scaling disruptive technology businesses globally.

Balderton Capital

Balderton Capital is a European venture capital firm that backs technology startups.

Both backed · 3
MojiworksTrademarkNowThecuriousaicompany
$5M – $50M
Yes VC

Yes VC is an early-stage venture firm that invests in category-defining companies at the pre-seed and seed stages.

$30K – $1.5M
General Catalyst

General Catalyst is a venture capital firm operating as a partnership focused on company building and accelerating the growth of the businesses it backs.

Both backed · 1
$30M
Next47

Next47 is a venture capital firm that invests early, focusing on the product itself before metrics or hype, partnering with founders to help them scale from initial concept to growth.

Both backed · 1
EQT Ventures

EQT Ventures is the venture capital arm within the EQT platform, backing early-stage European founders building what it calls Generation-Defining Companies.

Both backed · 1
$2M – $50M
83North

83North is a global venture capital firm that invests in and helps entrepreneurs build large, category-defining companies, backing startups across multiple stages and sectors.

Both backed · 1
$100K – $10M
Heartcore Capital

Heartcore Capital is an early-stage venture capital firm backing European founders from inception. It invests in startups from inception through Series A, and also invests in web3 protocols from idea to liquid tokens.

Both backed · 1
Mosaic Ventures

Mosaic Ventures is a thesis-driven boutique venture capital partnership focused on applied AI, backing European AI founders and helping them scale globally.

Both backed · 1
Arex
$1M – $10M
Dig Ventures Management Limited

Dig Ventures is a European venture capital firm that invests in early-stage B2B software founders, focusing on pre-seed and seed stage companies.

Both backed · 1
Alven

Alven is an independent early-stage venture capital firm that has been investing for 25 years, positioning itself as a straightforward, hands-on partner to entrepreneurs.

Both backed · 1
Vendep Capital

Vendep Capital is an early-stage venture capital firm that backs AI-native B2B software founders across the Nordics and Baltics, offering capital, operator expertise, and follow-on support.

Both backed · 1
$110K – $3.3M
10 more co-investors

Übermorgen VenturesGreencode VenturesUnknown VenturesDN Capital2xNfoobar.vcAmadeus Capital PartnersLocalGlobeAI FundKOMPAS VC

Firms observed investing alongside Lifeline Ventures, from public investor directories. Shared companies are the overlap with Lifeline Ventures's recorded portfolio.

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