Lifeline Ventures — Full Portfolio

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

CleantechClimate TechDeep TechHelsinki, FI

Co-investorsY Y Combinator

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

AI & Machine LearningCreator EconomyGaming

MWMatthew Wiggins(CEO)in

Co-investorsBABalderton CapitalHEHeartcore CapitalSUSunstone Capital

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

JJJohan Jern(Founder)in

Co-investorsFRFrontline VenturesHUHubSpot VenturesGLGlasswing VenturesJUJump Capital

Primogene is a biotech company that uses an enzymatic platform of enzyme cascades to produce complex human milk oligosaccharides (HMOs), such as DSLNT and LNDFH I, at industrial scale.

BiotechCybersecurityDeep TechDeveloper ToolsFoodTechHealthtechMedia & EntertainmentMedical DevicesMagdeburg, DE

Dennis Marttinen(Co-founder)BröckerNollert

Co-investorsBEBetter Ventures Central LlcBMbmp VenturesFIFirst Fellow PartnersWAWave Ventures

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

SHSuvi HaimiinLTLaura Tirkkonen-Rajasalo(Co-founder)in

Co-investorsBOBonnier CapitalRERegeneration.VCARArdent VentureBOBonnier VenturesSKSky Ocean Ventures

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)in

Co-investorsAMAmadeus Capital PartnersTETesi (Finnish Industry Investment Ltd)

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

Digital HealthHealthtechMental HealthWellness & FitnessSan Francisco, US

KRKristian Ranta(Founder)inRLRiku Lindholm(Founder)inANAlbert Nazander(Founder)in

BoardJoshua Felser(Director)

Board seatTATimo Ahopelto· per SEC Form D

Co-investorsBLBlue Haven InitiativeBOBold Capital PartnersFOFoundersX VenturesFOFoundryITIT-Farm CorporationLELeksell Social Ventures+12 more

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

HNHeikki Nousiainen(Founder)inHannu Valtonen(Founder)Mika Eloranta(Founder)Oskari Saarenmaa(Founder)

Co-investorsATAtomicoCRCrew CapitalEAEarlybird Venture CapitalIVIVP (Institutional Venture Partners)MOMolten VenturesWOWorld Innovation Lab (WiL)

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

Advanced ManufacturingAI & Machine LearningCleantechClimate TechEnterprise SoftwareIoTHelsinki, FI

EHEdward HaeggströmMTMatias Tainela(CEO)inBMBo Malmberg(CCO)inPMPetro Moilanen(CScO)inTimo Rauhala(CTO)in

Co-investorsSASalica InvestmentsTETesi (Finnish Industry Investment Ltd)

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-investorsSPSpeedinvestWAWave Ventures

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

FoodTechWellness & FitnessSan Francisco, US

MIMikko Ikola(Executive Officer, Director)inSimo Suoheimo(Executive Officer, Director)Amo Paula(Executive Officer, Director)

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-investorsINInnovestor Ventures

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

HardwareQuantum Computing

Co-investorsLOLocalGlobeMOMosaic Ventures

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 HealthEnterprise SoftwareHealthtechSaaSSan Francisco, US

ATAri Tulla(Founder)inTTTapio Tolvanen(Founder)in

BoardMohamad Makhzoumi(Director)JCJean-Francois Clavier(Director)inJaakko Kokko(Director)in

Co-investors50500 GlobalCOCommerce VenturesHEHealth Catalyst CapitalKIKima VenturesMEMetaplanetTETEXO Ventures+1 more

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

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

JJJuha Jokela(Co-Founder & CTO)inOGOlli Gunst(Co-Founder & CMO)inRSRudi Skogman(Co-Founder & CEO)inSHSamu Hautala(Co-Founder (Lead Developer))in

Co-investorsBOBonnier CapitalMAManta Ray VenturesBLBlank VenturesMAMaC Venture CapitalPIPICUS CAPITALPRProtagonist+1 more

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

SRSahana Rajasekar(Founder)inOlivia Higgs(Founder)Rudi Skogman(Founder)Tom Charman(Founder)

Co-investorsY Y CombinatorBLBlank VenturesCOCorrelation VenturesMAMaC Venture CapitalPRProtagonistRARackhouse Venture Management Lp+1 more

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

Advanced ManufacturingCleantechDeep TechEnergy

PMPauliina Meskanen(Co-Founder & CEO)inNWNate Weger(Co-Founder & CTO)in

Co-investorsAEAera VCLILichen VenturesPRProdeko Ventures

callstats.io was a Helsinki-based startup providing a SaaS monitoring platform that gave real-time analytics and diagnostics for WebRTC audio/video call quality.

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

HMHenrietta Moon(Founder)inChris Carstens(Founder)in

Co-investorsALAlumni VenturesAUAuxxoBLBlue Ivy VenturesBRBragiel BrothersCHCherry VenturesTRTrue Ventures+5 more

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-investorsWAWave Ventures

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

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

CybersecurityDeveloper ToolsEnterprise Software

JNJuho Niemi(Co-founder and CEO)inDMDennis Marttinen(Co-founder and CTO)inJSJaakko Sirén(Co-founder and CPO)inPPPetteri Pulkkinen(Co-founder and CISO)in

Co-investorsWAWave Ventures

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

CTCharlotta Topelius(CEO & Founder)inNSNiklas Sandler TopeliusNSNiklas Sandler(CTO & Founder)in

Co-investorsHEHealthCapSASandwaterTETesi (Finnish Industry Investment Ltd)

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

AI & Machine LearningBiotechDigital HealthEnterprise SoftwareHealthtech

Co-investorsINInnovestor Ventures

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

AI & Machine LearningEnterprise SoftwareFuture of WorkSaaS

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

Deep TechHardwareHelsinki, FI

ASAntti Sunnari(Chief Executive Officer | Co-Founder)inJOJuuso Olkkonen(Chief Scientific Officer | Co-Founder)

Co-investorsATAtlantic Bridge VenturesVOVoima Ventures

Ditto is an offline-first, edge-native mobile database with built-in peer-to-peer networking and mesh syncing that keeps applications running without reliance on cloud, edge servers, or network hardware.

Cloud ComputingData & InfrastructureDeveloper ToolsEnterprise Software

AFAdam Fish(Founder & CEO)inMAMax Alexander(Founder)in

Co-investorsACAcrew CapitalADAdvance Venture PartnersAMAmity VenturesAUAugust CapitalTETech Square VenturesTHThe Perkins Fund+6 more

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

HHHenrik Helenius(Founder)in

Co-investorsOPOpenOceanSUSuperAngel.Fund

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

AgTechCircular EconomyEnergy

BCBernard C. Fenner(CEO)in

Elea & Lili is a deep-tech biomaterials company developing CSA™, a cellulose-based superabsorbent material intended to replace fossil-based superabsorbent polymers (SAP) used in hygiene products and agricultural water-retention systems.

BiotechCleantechNew Materials

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-investorsWAWave Ventures

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

Fredrik Kekäläinen(Founder)

Co-investorsZEZenStone Venture CapitalDRDraper Associates

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

LNLasse-Mathias Nyberg(Founder)inTCTJ Casner(Founder)inMQMaximilian Quertermous(Founder)in

Co-investorsALAlumni VenturesFAFailup VenturesSTStrawberry Creek VenturesTHThe 23 FundECEclipse VenturesFIFinTech Collective+1 more

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

GamingHelsinki, FI

Co-investorsTRTrue Ventures

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-investorsPRProject A Ventures

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

Grand Cru Games develops mobile native games.

Gaming

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

NENikolai Eroshenko(Founder)inHRHannu Rajaniemi(Founder)in

Co-investorsALAlumni VenturesBABascom VenturesBEBeast VenturesCHChampion Hill VenturesDCDCVC (Data Collective)FIFifty Years+14 more

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

Reinventing restaurants; building Europe's fastest-scaling food concept.

Co-investorsGEGeneral CatalystINInvesdor

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

Co-investorsTRTrue Ventures

Hyperion Robotics transforms foundation design and construction using robotics and sustainable materials to reduce carbon emissions from concrete production for energy and infrastructure projects.

Climate TechConstruction TechRoboticsHelsinki, FI

FDFernando De los RiosinAshish MohiteinHenry Unterreinerin

Co-investorsCOCourse Corrected VC Holding IIELElewitÜBÜbermorgen Ventures

ICEYE operates a satellite-based synthetic aperture radar (SAR) system that delivers persistent, real-time monitoring and damage assessment data globally.

Climate TechDeep TechDefense TechSpace TechFinland, FI

RMRafal Modrzewski(Founder)inPLPekka Laurila(Founder)in

Co-investorsDNDnx VenturesDRDraper AssociatesFOFOUNDER.orgGEGen CapitalGEGeneral CatalystINIn-Q-Tel+13 more

ILLUTHERM develops LED-based heating systems that rapidly heat industrial materials like steel, ceramics, and cement to over 1000°C using blue light technology.

Advanced ManufacturingCleantechDeep Tech

MVMilto Vlachos(Founder)inDLDr. Lukas Porz(Founder)in

In Parallel builds infrastructure that connects meetings, plans, and tools to reduce management overhead in organizations.

AI & Machine LearningData & InfrastructureEnterprise SoftwareFuture of WorkSaaSHelsinki, EU

MMMarkku Mäkeläinen(Co-founder & CEO)inKLKristian Luoma(Co-founder, Product)in

Co-investorsNONotion Capital

INCIRT develops broadband data conversion technology used in wireless connectivity and sensing systems.

Deep TechHardwareSemiconductors

IndoorAtlas develops an indoor positioning platform that enables mobile apps to determine location and navigate indoors using geomagnetic technology.

Deep TechDeveloper ToolsHardwareIoTOulu, FI

JHJanne Haverinen(Founder)inMikko Perttunen(Founder)in

Co-investorsBOBose VenturesINInnovestor VenturesMOMobility VenturesSCSCB 10XBABaidu

Intergrid provides an AI-powered autopilot system that automates industrial energy operations, including consumption forecasting, power market trading, and remote system controls for manufacturing and utility companies across Europe.

AI & Machine LearningEnergyIoTHelsinki, FI

Inven provides AI-powered workflows for investment and consulting firms to automatically generate company materials such as market maps, financial profiles, and competitive landscapes from structured data.

AI & Machine LearningData & InfrastructureEnterprise SoftwareFintechSaaS

TKTommi Kupiainen(Founder)in

Co-investorsJOJoint EffectsPRProdeko VenturesVEVendep CapitalWAWave VenturesVEVentech

Koherent develops a long-range radio positioning system based on radio interferometry principles, designed for precision localization in industrial applications including construction, mining, logistics, and machine automation.

Deep TechHardwareIoTLogistics & Supply Chain

KLKari Leppänen(Founder)in

Co-investorsTETesi (Finnish Industry Investment Ltd)

Kontena.io has been acquired by Suptask, a Slack-based ticketing tool aimed at technical teams such as engineering, software development, platform engineering, DevOps, and operations.

Developer ToolsEnterprise SoftwareFuture of WorkSaaS

Kova Labs develops autonomous technology for unmanned systems in military and defense applications.

AI & Machine LearningDefense TechRoboticsHelsinki, FI

LOUHE provides physical security monitoring that detects and responds to security anomalies, enabling customers to extend their existing security infrastructure while reducing costs.

CybersecurityEnterprise SoftwareIoT

Jukka Laakso(Founder)in

London, GB

Co-investorsDIDisney AcceleratorTETechstarsSUSunstone Capital

Measurlabs provides accredited laboratory testing services for R&D, quality control, and regulatory compliance across polymers, packaging, food, medical devices, pharmaceuticals, semiconductors, and construction materials.

Data & InfrastructureDeep TechMedical DevicesNew MaterialsHelsinki, FI

TMTeemu Myllymäki(Founder)in

Co-investorsVEVentureFriends

MediSapiens was a Helsinki-based bioinformatics company that developed cloud software platforms (Explorer, Genius, Biond) to help pharma firms and oncologists analyze large-scale genomic and clinical data for precision medicine.

Co-investorsVOVoima Ventures

Mexican B2B marketplace connecting Latin American SMEs to Asian manufacturers for cross-border sourcing and logistics.

Co-investorsMAMarathon VenturesVAValor Capital GroupBOBold Capital PartnersBOBonit CapitalBRBrand CapitalFRFreestyle Capital+4 more

Metroc Public Investments provides a platform that aggregates and analyzes public sector investment decisions, budgets, and procurement documents from Finnish municipalities, cities, and government agencies using AI analysis.

AI & Machine LearningConstruction TechData & InfrastructureGovTechFinland, FI

Mjuk is an e-commerce retailer offering products to consumers across EU markets, with dedicated storefronts for Finland and Sweden.

Direct to ConsumerE-commerce

Max Heino(Founder)

Co-investorsALAlliance VCALAlliance VentureSUSuperhero CapitalTRTrind Ventures

Mobal provides software tools designed to simplify marketing and visibility management for businesses with single or multiple locations.

Enterprise SoftwareMarketing TechSaaS

Alexander Silén(Founder)in

Co-investorsGOGorilla CapitalKOKorpun Siemen Oy

Neoplants is a plant engineering company working to unlock the biological potential of plants.

BiotechClimate TechDeep TechParis, FR

LMLionel Mora(Cofounder)inPTPatrick Torbey(Founding CTO & Current CEO)in

Co-investorsCOCollaborative FundENEntrepreneur FirstKIKima VenturesPAPartech Ventures5050 PartnersAIAir Street Capital+10 more

NextInox produces fine-grain austenitic stainless steels (AISI 304FG and 316FG) with smaller grain sizes than conventional grades, offering improved strength, formability, and surface quality for manufacturing applications.

Advanced ManufacturingNew Materials

Co-investorsNONordic Science Investments

Nordcraft is a visual website builder that combines AI agents with a visual editor, enabling web developers and designers to build and ship websites and applications with full creative control.

AI & Machine LearningDeveloper ToolsSaaS

AMAndreas Møller(CEO, Nordcraft)in

Co-investorsINInventureINInventure

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

CleantechEnergyFinland, FI

HPHeikki Pöntynen(CEO)inJKJukka KuuskoskiinJarkko Väinämö(COO)in

Co-investorsBUButterfly VenturesCLClimate InvestmentVNVNT ManagementBUButterflyTETesi (Finnish Industry Investment Ltd)

OneMind Dogs provides dog training methods and coaching services based on non-verbal communication techniques designed to improve the relationship between dogs and their owners.

ConsumerEdTech

JLJanita Leinonen(Leading Coach, Inventor of OneMind Dogs method)inNKNoora Keskievari(CEO, Co-Founder)in

Co-investorsGOGorilla CapitalINInvesdor

Origin by Ocean harvests invasive algae blooms to create bio-based ingredients for cosmetics, food, and textile industries through a proprietary biorefining process.

BiotechCircular EconomyClimate TechFoodTechNew Materials

MGMari Granströmin

Co-investorsVOVoima Ventures

Oura Ring is a wearable smart ring that collects and analyzes 50+ personal health metrics to provide insights on sleep, fitness, and wellness for individual users.

HardwareHealthtechWellness & FitnessSan Francisco, US

Ashley Colley(Founder)Virpi Tuomivaara(Founder)inTHTom Hale(CEO)inKari Kivela(Founder)Markku Koskela(Founder)Petteri Lahtela(Founder)

Co-investors12125 VenturesA-A-Rod CorpABAble PartnersALAlumni VenturesB3B37 VenturesBABasecamp Fund+37 more

P2X Solutions develops synthetic methanol production facilities, converting renewable energy and captured carbon into sustainable fuel for industrial and energy applications in Finland.

Advanced ManufacturingCleantechEnergyJoensuu, FI

Paloceras designs and produces limited-edition eyewear frames crafted from premium acetate and CR39 lenses, sold through showrooms across Europe and North America.

ConsumerHelsinki, FI

APAlexis Perron-Corriveau(Co-founder)inMMMika Matikainen(Co-founder)in

Peak develops neuroscience-based digital cognitive training tools to help users improve mental performance and cognition.

AI & Machine LearningDigital HealthGamingHealthtechWellness & Fitness

BoardBSBarbara Sahakian(Professor of Clinical Neuropsychology)

Co-investorsFIFirestartrPEPeak XV Partners

Photoncycle develops energy technology for powering homes, currently being piloted with Norway's largest house builder and planned for large-scale manufacturing starting in 2027.

CleantechEnergyHardware

BBBjorn Brandtzaeg(Founder and CEO)in

Co-investorsEVEviny VenturesLULuminar VenturesMOMomentumNONordicNinjaVOVoima Ventures

Realstocks provides an automated loan administration platform for commercial real estate (CRE) lending, consolidating loan data, documents and audit trails into a single ledger while automating recurring tasks like covenant compliance and cash flow reporting.

FintechPropTechSaaS

ReceiptHero enables merchants to replace paper receipts with digital alternatives that integrate with POS systems and payment networks.

Climate TechRetail TechSaaS

SPSaku Pihlajaniemi(Founder)in

Co-investorsGOGoose Valley VenturesSESeed XSUSuperhero CapitalTETesi (Finnish Industry Investment Ltd)VIVidici Ventures

Risk Ledger builds a third-party risk management platform that connects organizations to monitor and manage cybersecurity risks in their supply chains.

CybersecurityEnterprise SoftwareSaaSLondon, GB

Haydn BrooksinDSDaniel Saulin

Co-investorsEPEpisode1

Robes Rental was a clothing rental service that merged with Boughtia, a Finnish secondhand fashion marketplace.

B2B MarketplacesCircular EconomyConsumerHelsinki, FI

Co-investorsWAWave Ventures

Seaber develops an AI-powered platform for maritime freight planning that integrates siloed data to help tanker and bulker shipping companies optimize vessel utilization, cargo matching, and fleet performance.

AI & Machine LearningLogistics & Supply ChainSaaSHelsinki, FI

SSSebastian Sjöberg(Founder)in

Co-investorsCOCounterview CapitalTETesi (Finnish Industry Investment Ltd)

Sensofusion is an anti-drone technology company that combines hardware and software solutions to detect, track, and neutralize unauthorized drones.

Defense TechHardwareHelsinki, FI

Shapr3D is a 3D CAD software for designing 3D models across Mac, iPad, Windows, and Vision Pro devices.

Advanced ManufacturingConstruction TechHardwareBudapest, HU

ICIstván Csanády(Founder)in

Co-investorsCOColumbia Lake PartnersEBEBRD Venture Capital Investment ProgrammeINInreach VenturesPOPoint NineCRCreandumSPSpeedinvest

Sharetribe provides a no-code platform that enables entrepreneurs and organizations to build and launch online marketplaces.

Developer ToolsMarketplacesSaaS

JMJuho Makkonen(CEO)inAntti

Co-investorsINInvesdor

Smartly provides a data analytics and optimization platform for performance marketing teams managing multi-channel advertising campaigns.

AdTechAI & Machine LearningData & InfrastructureMarketing TechSaaSHelsinki, FI

KOKristo Ovaska(Founder)inJohn Quinn(Co-President and Treasurer of Issuer)Raphael Crawford-Marks(Executive Officer, Director)Tuomo Riekko(Founder)

BoardAJAmish Jani(Director)in

Co-investorsCOConsenSys MeshHIHighland EuropeQUQuest Venture PartnersVEVendep CapitalFIFirstMark Capital

Solar Foods produces Solein, a sustainable protein ingredient created through gas fermentation technology that converts CO2 and renewable electricity into edible protein.

BiotechCleantechClimate TechFoodTechImpact & Social GoodEspoo, FI

DPDr Pasi Vainikka(Founder)DJDr Juha-Pekka Pitkänen(Founder)GZGodert Zijlstra(Chief Commercial and Product Officer)inJuha-Pekka Pitkanen(Founder)Pasi Vainikka(Founder)

Co-investorsAGAgronomicsBRBridford Investments (Bridford Group)SPSpace CapitalCPCPT CapitalHAHappiness CapitalTETesi (Finnish Industry Investment Ltd)+1 more

Soldera provides a platform for unified management and procurement of energy attribute certificates (EACs) and renewable energy certificates across global registries.

Climate TechEnergySaaS

SJStenver Jerkku(Founder)in

Co-investorsALAlumni VenturesYEYes VC

Solu provides a cloud-based genomic surveillance platform that analyzes microbial genomes in real-time without requiring coding or configuration.

BiotechCloud ComputingHealthtech

SSSam Sihvonen(Founder)in

Co-investorsWAWave VenturesPAPappas Capital

Arca is a content discovery and curation platform that helps users find and organize articles, essays, and other internet content.

Media & Entertainment

Sooma Medical develops and manufactures transcranial direct current stimulation (tDCS) devices for treating major depressive disorder, fibromyalgia, and chronic neuropathic pain without medication.

Digital HealthHealthtechMedical DevicesMental HealthHelsinki, FI

TNTuomas Neuvonen(CTO)inAHAndreas Hartlep(CEO)inMNMika Nikander(COO)in

Co-investorsINInnovestor VenturesVEVerge HealthTech FundVOVoima Ventures

Spacent provides a platform for managing hybrid workplace access and office spending, enabling enterprises to book and manage 1,000+ workspaces across 27 countries through a single contract and vendor.

Enterprise SoftwareFuture of WorkPropTechHelsinki, FI

EREetu Ristaniemi(CEO)in

Co-investorsGOGorilla Capital

Steady Energy develops the LDR-50, a low-temperature heat reactor based on technology from the Technical Research Centre of Finland.

CleantechClimate TechDeep TechEnergy

TNTommi Nyman(Founder)inHHHannes Haapalahti(Founder)inPTPetteri Tenhunenin

Co-investors9292 CapitalMOMove EnergyVAValo VenturesYEYes VCTETesi (Finnish Industry Investment Ltd)

Sudden Coffee produces premium, single-serve coffee packets made from sustainably sourced beans, designed for convenient consumption anywhere.

ConsumerFoodTechSan Francisco, US

JZJosh Zloof(Founder)inKalle Freese(Executive Officer, Director)

BoardCFCaterina Fake(Director)in

Co-investorsY Y CombinatorCRCRV (Charles River Ventures)FOFounder CollectiveFWFW CapitalYEYes VC

Supercell develops mobile games including Clash of Clans, Clash Royale, Hay Day, Boom Beach, and Brawl Stars, designed for global audiences seeking engaging experiences on touch-based platforms.

ConsumerGamingHelsinki, FI

IPIlkka Paananen(Founder)inLassi Leppinen(Founder)Mikko Kodisoja(Founder)Niko Derome(Founder)Petri Styrman(Founder)Visa Forsten(Founder)

Co-investorsACAccelATAtomicoHUHundreds CapitalIVIVP (Institutional Venture Partners)LOLondon Venture PartnersMOMoonfire Ventures+3 more

Swappie sells refurbished iPhones to consumers at lower prices than new devices.

Circular EconomyE-commerce

Sami Marttinen(Founder)inJiri Heinonen(Founder)

Co-investorsINInventureINInventureTETesi (Finnish Industry Investment Ltd)

Swarmia provides a software engineering intelligence platform that measures and improves developer productivity and experience for engineering teams.

AI & Machine LearningDeveloper ToolsEnterprise SoftwareFuture of Work

OHOtto Hilska(Founder)in

Co-investorsDIDig Ventures Management LimitedKAKarma VenturesALAlven

Synergi operates a platform that connects and optimizes distributed energy resources (EVs, solar, heat pumps, batteries) to balance electricity supply and demand across households and the grid.

CleantechConsumerEnergySaaS

Antti Hammainen(Founder)Harri Iisakka(Founder)Petrus Holm(Founder)

Co-investorsGRGreencode VenturesHEHeartfelt CapitalWAWave Ventures

Globus Medical develops, manufactures, and distributes musculoskeletal implant devices and enabling technologies, along with surgeon training programs, for patients, healthcare providers, and surgeons treating musculoskeletal disorders.

HardwareHealthtechMedical Devices

Co-investorsXRXR Invest

Antti Rasmus(Founder)Harri Valpola(Founder)Mathias Berglund(Founder)

Co-investorsBABalderton Capital

ThingLink is an AI-powered platform for creating interactive immersive learning experiences that annotate physical and digital environments with rich media.

AI & Machine LearningDeveloper ToolsEdTechEnterprise SoftwareSaaSPalo Alto, US

UKUlla-Maaria Koivula(Founder and CEO)in

Co-investors50500 GlobalINInventureSOSocial StartsINInventure

Co-investorsINInreach Ventures

Timegate provides real-time process analytics tools for biopharmaceutical manufacturing using patented Timegated Raman Technology, which enables rapid spectral analysis of bioprocesses without fluorescence interference.

BiotechData & InfrastructureDeep TechDeveloper ToolsMedical DevicesOulu, FI

LLauri(Co-founder, tech & science lead)inMMariin

Co-investorsTETesi (Finnish Industry Investment Ltd)

Tinkercad is a free web application for 3D design, electronics simulation, and block-based coding aimed at students and teachers, with lesson plans aligned to Common Core and NGSS standards.

EdTechSaaS

Co-investorsBUBuilding Ventures

Token Terminal operates a blockchain data infrastructure platform that ingests, decodes, and standardizes petabytes of onchain data across 100+ blockchains for institutions, research outlets, and developers.

Crypto & Web3Data & Infrastructure

Co-investorsARArca FundsBLBlocktower CapitalCACadenza

TrademarkNow provides AI-powered trademark screening, clearance, and monitoring software for legal teams and brand owners.

AI & Machine LearningEnterprise SoftwareLegalTechSaaS

Co-investorsBABalderton CapitalKAKarma Ventures

Uplause provides an interactive fan engagement platform that enables sports teams, venues, and broadcasters to enhance live events through real-time engagement tools including noise measurement, social media integration, and mobile voting features.

Marketing TechSports Tech

JMJussi Marin(Founder)in

Co-investorsINInnovestor Ventures

Vaire develops reversible computing hardware to improve energy efficiency and compute performance beyond the constraints of Moore's law.

AI & Machine LearningDeep TechHardwareSemiconductors

RRRodolfo Rosini(Founder)inHEHannah Earley(Founder)in

Co-investors7P7percent VenturesENEnergetik VenturesFUFundamental VenturesGAGalion.exeITItalian Angels for GrowthJUJude Gomila+1 more

Varjo develops extended reality (XR) simulation technology for military and defense training applications, with products designed to train personnel in operations such as counter-drone tactics.

Defense TechEnterprise SoftwareHardwareHelsinki, FI

UKUrho Konttori(Founder)inKlaus Melakari(Founder)Niko Eiden(Founder)Roope Rainisto(Founder)

Co-investorsATAtomicoBRBragiel BrothersGUgumi IncNENext47NONordicNinjaPRPresence Capital+5 more

Venga is an invite and event management platform that helps users organize in-person social gatherings by consolidating invitations, RSVPs, and photo sharing in one place.

ConsumerSocialStockholm, SE

LLucas(Co-founder, CEO)JJonas(Co-founder, CPO)

Co-investorsGRGreater Colorado Venture Fund

Vensum develops software-defined power conversion technology for electric equipment manufacturers, enabling efficient power conversion for renewable energy, electric mobility, and energy storage applications.

CleantechDeep TechEnergyHardware

Co-investorsGRGrid.vc

Verda provides AI cloud compute infrastructure, including GPU hardware and foundational AI training services for large-scale inference workloads.

AI & Machine LearningCloud ComputingDeep TechRoboticsHelsinki, FI

Co-investorsNVNVIDIABYbyFoundersJ1J12 Ventures

Veri provides personalized metabolic health monitoring and guidance using science-based technology to help individuals understand their body's unique needs and improve their health outcomes.

Digital HealthHealthtechWellness & FitnessHelsinki, FI

AAAnttoni Aniebonam(Co-Founder, CEO)inVJVerneri Jäämuru(Co-Founder, CPO)in

Vionice was a Finnish startup that developed computer vision software for analyzing road infrastructure from vehicle-mounted camera video, helping road maintenance operators monitor road conditions and assets.

AI & Machine LearningGovTech

Wolt operates a mobile food delivery platform connecting restaurants, couriers, and customers across multiple European and Asian markets.

E-commerceFoodTechLogistics & Supply ChainMarketplacesHelsinki, FI

MKMiki Kuusi(Founder)inElias Aalto(Founder)Elias Pietilä(Founder)Juhani Mykkänen(Founder)Lauri Andler(Founder)Mika Matikainen(Founder)

Co-investors8383NorthALAlfabeatATAtomicoHIHighland EuropeICICONIQINInventure+9 more

Zadaa operates a mobile marketplace where individuals buy and sell secondhand fashion and other items, with low selling fees, paid shipping, and same-hour delivery options.

Circular EconomyConsumerE-commerceMarketplaces

Co-investorsBEBegin CapitalFLFlyer One VenturesSUSuperhero CapitalIMImpulse VC

ZenRobotics develops AI-based robotic sorting systems that help waste operators extract value from waste and achieve circular economy goals.

AI & Machine LearningCircular EconomyRobotics