Fundraising Fox

Maki.vc

Venture capitaloperating company · company profile

Helsinki · Pre-Seed–Series A · 9 people tracked

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Investment thesis

Maki.vc backs deep tech and technology startups in the Nordic region, emphasizing early conviction by writing a founder's first check and continuing to support through subsequent rounds. The firm presents itself as a hands-on, team-oriented partner rather than passive capital, providing operational assistance across finance, market research, recruiting, strategy, and network introductions. It favors bold, long-term visions such as quantum computing and other frontier technologies built from Europe.

Source: firm website, verified Aug 3, 2026.

Stage
Pre-Seed–Series A
Check
$324K – $3.2M
HQ
Helsinki, FI
Leads rounds
Leads
Instruments
Equity
Founded
2018
Last 12 months
1 investment
AUM
$286M
Tracked investments
16

Team · 9 people

from the firm's website & public directories

Founder mafia

2 people who came through Maki.vc went on to found or lead other companies.

What they invest in

from 9 of 16 portfolio companies

AI & Machine Learning ×4Deep Tech ×3Enterprise Software ×3SaaS ×3AdTech ×1Climate Tech ×1Fintech ×1FoodTech ×1

HQs:Finland×3Denmark×1France×1United States×1

Investments · 16 tracked

founders shown can be your intro path
deepdotsdeepdots.comin✓ verified

Deepdots builds a product that helps companies understand their customers and prioritize what matters most.

AI & Machine LearningEnterprise SoftwareMarketing TechSaaSCopenhagen, DK

NimaFranFrancisco Arias(Founder)inNima Vali Rajabi(Founder)inVictoria Artiushkina(Founder)in

Co-investorsDawn Capital

QMillqmill.comin𝕏✓ verified

QMill develops quantum algorithms for the noisy intermediate-scale quantum (NISQ) era, offering proof-of-concept algorithms that run on simulators or existing NISQ computers.

AI & Machine LearningDeep TechQuantum ComputingHelsinki, FI

Ville Kotovirta(Founder)inHannu Kauppinen(Founder)in

Co-investorsKvantedAntler

Sointusointu.aiin✓ verified

Sono (Closio Oy) builds AI-powered voice phone assistants that automate high-volume customer-service and sales calls, handling tasks such as booking appointments, routing calls, answering FAQs, and running satisfaction surveys.

AI & Machine LearningEnterprise SoftwareSaaSSales TechHelsinki, FI

Co-investorsFailup VenturesWave Ventures

AI-Native Auto Retail
CarbonCloudcarboncloud.comin𝕏

CarbonCloud provides a sustainability intelligence platform for food and beverage companies to measure, manage, and reduce emissions across their supply chains.

AI & Machine LearningClimate TechFoodTech

David Bryngelsson(Founder)in

Co-investorsCusp CapitalPeakTS Ventures

Cookieyescookieyes.comin𝕏

CookieYes is a cookie consent management platform that helps businesses comply with global data privacy regulations including GDPR, CPRA, and LGPD.

AdTechEnterprise SoftwareSaaSUnited Kingdom, India

Anvar T K(Founder)in

Co-investorsBrighteye VenturesChemistryE4E AfricaEight Roads VenturesEntrepreneur FirstFrontline Ventures+13 more

Creating egg whites without chickens
Introducing adaptive eyewear
KYC Intelligence System
Maki VCmaki.vc

Maki.vc is a venture capital firm that invests in early-stage deep tech and startups, with a focus on the Nordics and Europe.

Deep Tech

Co-investorsBeast VenturesPeakTesi (Finnish Industry Investment Ltd)Specialist VC

On-premises quantum computers
Pixieraypixieray.cominApr 2025 · $36.5M

IXI (Pixie Ray) develops adaptive eyewear with autofocusing lenses that track the wearer's eye movements to adjust focus for near or far vision.

Deep TechHardwareMedical Devices

Co-investorsbyFoundersHeartcore CapitalAmazon Alexa FundBragiel BrothersEurazeofirstminute capital+2 more

Quantum computing practical & accessible
RiffOct 2025 · $16M

Bend, US

Bobby Evers(Manager of Riff LLC)Paul Evers(Manager of Riff LLC)Nate Armbrust(Manager of Riff LLC)

Co-investorsNorthzoneGlobal Founders CapitalIllusianSkyfall VenturesSondo Capital

Ultimate.aiultimate.aiin𝕏acquired by Zendesk · Mar 2024

Customer support automation platform.

FintechHelsinki, FI

Reetu Kainulainen(Founder)inJaakko Pasanen(Founder)in

Co-investorsOMERS VenturesTechFoundersTechstarsFelicis VenturesHV Capital

Valpasvalpashotels.comin

Valpas provides bed bug detection and prevention solutions for hotels, focusing on safety and sustainability in guest accommodations.

HealthtechImpact & Social GoodPropTechParis, FR

Martim

Co-investorsGlobal BrainRockaway VenturesIcebreaker

Exits · 1

IPOs and acquisitions across the tracked portfolio

Ultimate.aiacq. by Zendesk

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Maki.vc made?
Maki.vc has 7 tracked investments.
What stage does Maki.vc invest at?
Maki.vc invests at the Pre-Seed, Seed, Series A stages.
What is Maki.vc's typical check size?
Maki.vc typically writes checks of $324K – $3.2M.
What sectors does Maki.vc focus on?
Maki.vc focuses on AI & Machine Learning, Deep Tech, Quantum Computing, Sector Agnostic.
Where is Maki.vc located?
Maki.vc is headquartered in Helsinki, FI.
Does Maki.vc lead rounds?
Yes, Maki.vc leads investment rounds.
Who does Maki.vc co-invest with?
Maki.vc most often shares deals with Brighteye Ventures, Eight Roads Ventures, Entrepreneur First, among 26 tracked co-investors.

Media · Podcasts & interviews

featuring the team

Maki.vc:n Sijoitusjohtaja Pauliina Martikainen | Sijoittaminen ja Femtech #122

Futucast · Pauliina Martikainen

Maki.vc:n Partner Ilkka Kivimäki | Teknologia ja pääoma #110

Futucast · Ilkka Kivimäki

Images

Maki.vc photoMaki.vc photoMaki.vc photoMaki.vc photoMaki.vc photoMaki.vc photo

Co-investors · 14

Northzone

Northzone is a technology-focused venture capital firm investing across AI and deep tech on both sides of the Atlantic, backing companies from early stage through growth.

Both backed · 1
$1M – $50M
Amazon Alexa Fund

Amazon Web Services (AWS) is Amazon's Seattle-based cloud computing division, offering more than 240 cloud and AI services to customers ranging from startups to large enterprises. Its infrastructure spans over 120 availability zones across dozens of geographic regions worldwide. It is a technology provider rather than an investment firm.

Both backed · 1
Everywhere Ventures

Everywhere Ventures is an early-stage venture firm, backed by a community of founders and operators as LPs, that writes early checks (including pre-seed) into startups across many sectors and geographies.

$250K
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.

Plug and Play Ventures

Plug and Play is an innovation platform that connects corporations, governments, startups, investors, and universities to drive innovation.

$50K – $12M
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.

$2M – $50M
Anthemis Venture

Anthemis is an investment firm focused on the digital economy, backing companies that reshape financial services and the broader economy for wider benefit.

$500K – $7M
foobar.vc

Foobar is the investment company of Icelandic entrepreneur David Helgason that focuses on supporting startups and investing in technology to accelerate global decarbonization and sustainability efforts.

World Fund

World Fund is a climate tech venture capital firm that invests in startups with significant climate performance potential, using a proprietary science-based methodology to quantify potential CO2e savings.

$1.1M – $16.5M
Inventure

Inventure is a generalist early-stage venture capital firm investing primarily across the Nordics and Baltics, having backed over 100 companies since 2005.

$330K – $5.5M
Blossom Capital

Blossom Capital is a European venture capital firm that backs a small number of Series A rounds each year, working closely with founders to support their growth.

Crowberry Capital

Crowberry Capital is a Nordic venture capital firm with offices in Reykjavik, Copenhagen and Stockholm that invests in seed and early-stage startups across the Nordics.

$220K – $2.2M
2 more co-investors

Buran Venture CapitalSprettert

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

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