Fundraising Fox
Helsinki · Pre-Seed–Seed · 7 people tracked
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Investment thesis
NSI focuses on commercializing cutting-edge academic research by investing in science-based startups that address global challenges. Working with university innovation offices, it evaluates innovations and teams early, supports selected commercialization projects with business development and team building, attracts top talent, and then invests in the resulting startups. NSI typically acts as an anchor investor while welcoming co-investors, and also makes selected follow-on investments. Its focus areas are deeptech, healthtech, and life sciences—sectors where innovation can drive significant impact across the New Nordics.
Source: firm website, verified Aug 3, 2026.
Team · 7 people
from public directories
What they invest in
from 21 of 24 portfolio companiesBiotech ×11AI & Machine Learning ×10Medical Devices ×10Deep Tech ×9Healthtech ×8New Materials ×4Advanced Manufacturing ×3Digital Health ×3
HQs:Finland×8Sweden×4Estonia×1European Union×1United Kingdom×1United States×1
Who they back
founder profiles across 13 portfolio companiesFounding team size:solo founder×72 founders×33 founders×14+ founders×2
Where their founders studiedfrom 12 founders with education data
UCSF Innovation Ventures ×2Uppsala University ×2
What their founders studiedfrom 16 founders with field-of-study data
Life Sciences ×7Computer Science ×3Medicine ×3Business & Management ×2Engineering ×2
Where their founders worked beforefrom 16 founders with career history
Karolinska Institutet ×4University of Helsinki ×310x Genomics ×2Aalto University ×2Biodesign Finland ×2University of Turku ×2Uppsala University ×2
Investments · 24 tracked
founders shown can be your intro pathDefinigen manufactures iPSC-derived human hepatocytes for drug discovery and disease modeling.
AI & Machine LearningBiotechDeep TechHealthtechMedical DevicesUppsala, SE
Christopher Trummer(CEO & Co-Founder)inOla Spjuth(Chief AI Officer (CAIO) & Co-Founder)inJordi Carreras-Puigvert(Chief Scientific Officer & Co-Founder)inMorgan Ekmefjord(Co-Founder & CTO)in
Co-investorsAlmi Invest24 Haymarket
Nordic Science Investments is an early-stage venture capital fund that invests in science-based startups and university spinouts across the Nordic region, with a focus on deeptech, health tech, and life sciences.
AI & Machine LearningBiotechDeep TechEnergyHardwareHealthtechEstonia, EE
BoardMart Maasik(General Partner)in
Co-investorsTesi (Finnish Industry Investment Ltd)
7 Semiconductors is a semiconductor company led by executives with deep expertise in IoT, security, and AI applications across telecommunications and industrial sectors.
AI & Machine LearningDeep TechHardwareIoTSemiconductorsHong Kong, EU
Mr. Segerblom
BoardMr. de Bourbon
AIATELLA develops AI-powered automation solutions for cardiovascular care, addressing the healthcare challenge of high imaging volumes and cardiologist shortages.
AI & Machine LearningDigital HealthHealthtechMedical Devices
Co-investorsSpecialist VC
CubaseBio develops spatial biology tools that enable three-dimensional analysis of biological samples at scale, for drug discovery and biological research.
BiotechDeep TechStockholm, SE
Paulius Mielinis(Founder)inToon Verheyen(Founder)inXiaoyan Qian(Founder)in
Co-investorsIllumina VenturesLeksell Social VenturesVoima Ventures
Kasvu is a drug-discovery company developing small-molecule neuroplastogens — selective positive allosteric modulators of the TrkB receptor — using an AI-powered 3D model of the receptor and structure-based drug design.
AI & Machine LearningBiotechMental Health
Rafael Moliner(Co-Founder & Principal Scientist)Jami Mandelin(CEO)
A stealth-stage company developing technology for industrial and medical diagnostics.
Advanced ManufacturingDeep TechMedical Devices
Andi Hektor(Founder)in
NADMED offers laboratory kits and analytical services for quantifying NAD and glutathione metabolites in research and diagnostic applications.
BiotechHealthtechMedical DevicesHelsinki, FI
Anu Suomalainen Wartiovaara(Co-Founder, MD, PhD)inLiliya EuroJames Lee(CEO)in
Co-investorsVoima Ventures
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-investorsLifeline Ventures
Otos is a platform that combines hearing and cognitive health assessment into a single system, with automated testing, triage, and continuous patient monitoring for integration into clinical workflows.
Digital HealthHealthtechMedical DevicesChicago, US
Wycliffe Raduma(Co-founder & CTO)inTanja Tervonen(Co-founder & COO)inVille Sivonen(Co-founder & Chief Scientific Officer)Saku Sinkkonen(Co-founder & Chief Medical Officer)Nick Freeman(CEO)
Co-investorsTechstars
Perfat is a Finnish lipid technology company that develops plant-based fats using oleogel technology to replace highly saturated fats like palm oil and dairy butter.
Climate TechFoodTechNew Materials
Jyrki Lee-Korhonen(CEO & Co-founder)in
Co-investorsBig Idea Ventures
Pixl.bio produces iPSC-derived hepatic stellate cells for liver disease modeling and fibrosis research.
AI & Machine LearningBiotechDeep TechMedical DevicesUppsala, SE
Christopher Trummer(CEO & Co-Founder)inOla Spjuth(Chief AI Officer (CAIO) & Co-Founder)inJordi Carreras-Puigvert(Chief Scientific Officer & Co-Founder)inMorgan Ekmefjord(Co-Founder & CTO)in
PrecisionPhage develops computational and laboratory solutions for bacteriophage research to address antimicrobial resistance.
AI & Machine LearningBiotechDeep TechHealthtechMedical DevicesSaaSHelsinki, FI
Saija Kiljunen(Co-founder)inMatti Jalasvuori(Chief Executive Officer (CEO))inVille Hoikkala(Chief Information Technology Officer (CITO))inLiisa ChistyinOlli Pitkänen(Chief Development Officer)in
Develops precision RNA-based gene-regulating therapies aimed at treating serious diseases.
BiotechHealthtech
Tiia Turunen(CDO, Co-founder)inJeff Abbey(CEO)in
SampleFacts develops microsampling devices for simplified blood cell and plasma collection, targeting researchers, clinical study professionals, and healthcare providers.
BiotechHealthtechMedical DevicesUppsala, SE
Ulf Landegren(Founder, Board Member)Johan Björkesten
SisuSemi provides an atomic-level purification process (ALP) that cleans and orders semiconductor wafer surfaces to remove atomic-scale contaminants and defects, targeting advanced nodes at 3 nm and below.
Deep TechNew MaterialsSemiconductorsTurku, FI
Pasi Pietilä(Founder)in
Co-investorsButterfly Ventures
Solid IO develops a tumor-on-chip platform using organ-on-chip technology and AI to model patient-specific tumor microenvironments for oncology and immunotherapy research.
AI & Machine LearningBiotechMedical Devices
Co-investorsLeo CapitalBSV VenturesLeo Capital Ventures
Thestra is a University of Turku spin-out developing AI-based cancer diagnostics, including its EPLINEX biomarker assay that estimates tumor aggressiveness in head and neck squamous cell carcinoma (HNSCC) to help clinicians stratify patients to appropriate therapies.
AI & Machine LearningBiotechMedical DevicesTurku, FI
Sami Ventelä(Co-founder & Board Member)inJukka Westermarck(Co-founder & Board Member)inJuuso Juhila(CEO)inMatti Juvonen(Chief Business Officer)in
Vire Health makes Vire Clip, a waist-worn health tracker that measures body temperature, breathing, and movement close to the core, paired with an app that translates the data into circadian-rhythm and sleep insights.
Digital HealthHardwareWellness & Fitness
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
DcrtGlobe VacKotharcomputing
Portfolio news
latest coverage across their companiesAiatella · finsmes.com · Jun 4, 2025
Frequently asked questions
- How many investments has Nordic Science Investments made?
- Nordic Science Investments has 24 tracked investments, 1 of which have exited, including 1 dated in the last 24 months.
- What stage does Nordic Science Investments invest at?
- Nordic Science Investments invests at the Pre-Seed, Seed stages.
- What is Nordic Science Investments's typical check size?
- Nordic Science Investments typically writes checks of $55K – $3.9M.
- What sectors does Nordic Science Investments focus on?
- Nordic Science Investments focuses on AgTech, AI & Machine Learning, Biotech, Deep Tech, FoodTech, Hardware, Healthtech, Impact & Social Good, Medical Devices, New Materials, Semiconductors.
- Where is Nordic Science Investments located?
- Nordic Science Investments is headquartered in Helsinki, FI.
- Does Nordic Science Investments lead rounds?
- Yes, Nordic Science Investments leads investment rounds.
- Who does Nordic Science Investments co-invest with?
- Nordic Science Investments most often shares deals with Butterfly Ventures, Illumina Ventures, Lifeline Ventures, among 10 tracked co-investors.
Media · Podcasts & interviews
featuring the teamMatti Hautsalo, Nordic Science Investments: The Playbook to Scale Science in Europe
EUVC · Matti Hautsalo
Images
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