🦊/Investors

Voima Ventures

Venture capital

Helsinki · Pre-Seed–Series B · 11 people tracked

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673 people in our graph share verified history with the Voima Ventures team — schools, employers, funds. One of them is your warm intro.

Patrik Backmanunlockedknows Pontus Stråhlman · together at Hanken School of Economics (overlapped)
knows the team · via Cambri
×2knows the team · via Uppsala University
×3knows the team · via Teknillinen korkeakoulu-Tekniska högskolan
×2knows the team · via Nokia
knows the team · via Grand Cru Ltd
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Investment thesis

Voima Ventures invests in founders scaling global solutions for people, planet, and industry, with a focus on ideas and technology that require time and courage to build. The firm invests across a range of stages, from pre-seed and technology spin-offs to leading Series A and occasionally Series B rounds. Its team is composed of growth entrepreneurs and investors with an eye for promising deep tech and science-based opportunities.

Source: firm website, verified Aug 3, 2026.

Stage
Pre-Seed–Series B
Check
$216K – $3.2M
HQ
Helsinki, FI
Leads rounds
Leads
Instruments
Equity
Founded
2019
Last 12 months
5 investments
AUM
$194.4M
Tracked investments
68
Acquisitions
3

Team · 11 people

from the firm's website & public directories
Anna Pölönen· Analyst

What they invest in

from 50 of 68 portfolio companies

Deep Tech ×20Hardware ×14AI & Machine Learning ×13Healthtech ×13Biotech ×12Cleantech ×12New Materials ×11Climate Tech ×8

HQs:Finland×23Sweden×7Estonia×1United Kingdom×1Italy×1United States×1

Who they back

founder profiles across 10 portfolio companies
40%
solo founders
4 of 10 mapped founding teams
39%
repeat founders
of 18 founders with career history

Founding team size:solo founder×42 founders×33 founders×24+ founders×1

Where their founders studiedfrom 16 founders with education data

Aalto University ×3Teknillinen korkeakoulu-Tekniska högskolan ×2Turun yliopisto - University of Turku ×2University of Helsinki ×2University of Jyväskylä ×2

What their founders studiedfrom 13 founders with field-of-study data

Life Sciences ×4Computer Science ×3Engineering ×3Medicine ×2

Where their founders worked beforefrom 18 founders with career history

10x Genomics ×3KCL ×3CARTANA ×2M-real ×2Turku University Hospital ×2

Investments · 68 tracked

founders shown can be your intro path

By year:2026 · 42025 · 52024 · 62023 · 52022 · 22021 · 12020 · 42019 · 229 dated

Elfyselfys.fiin𝕏Seed · Nov 2019 · $780K✓ verified

ElFys develops black silicon photodetector technology for light sensing applications including health monitoring, analytical instrumentation, and security imaging.

ConsumerDeep TechDefense TechHardwareMedical DevicesNew MaterialsSemiconductorsEspoo, FI

Dr. Mikko Juntunen(CEO)

Co-investorsSamsung Venture Investment CorporationMetaplanet

Epigenicaepigenica.seinJun 2025 · $2.2M✓ verified

Epigenica is a life sciences company working in multi-omics, biomarker discovery, and diagnostics.

AI & Machine LearningBiotechDeep TechHealthtechMedical DevicesSolna, SE

Simon Elsässer(Co-founder)inMohamad Takwa(Co-founder)

Co-investorsAlmi InvestLeksell Social VenturesNavigare Ventures

Semiqonsemiqon.techinPre-Seed · Mar 2023 · $2M✓ verified

SemiQon designs and fabricates semiconductor-based quantum processing units (chips) intended to make quantum computers more compact and affordable.

Deep TechHardwareQuantum ComputingSemiconductorsEspoo, FI

Janne Lehtinen(CTO & Co-founder)in

Co-investorsLunar VenturesQAI Ventures

Adamant Healthadamanthealth.comin

Adamant Health provides AI-powered disease management tools for Parkinson's disease, enabling data-driven treatment decisions and patient-centric care models.

AI & Machine LearningDigital HealthHealthtechMedical DevicesFinland, FI

Paulus Carpelan(CEO, Co-founder)inSaara Rissanen(CTO & Chief Scientist, Co-founder)in

Co-investorsButterfly VenturesTesi (Finnish Industry Investment Ltd)

Agate Sensorsagatesensors.comin𝕏

Agate Sensors develops hyperspectral imaging sensors using photonics and nanomaterials that are small enough to embed in devices across defense, wearables, and other industries requiring high-precision spectral data capture.

Deep TechHardwareSemiconductorsEspoo, FI

TommiAndreasMikaelFaisal

ÄIOaio.bioinSeries A · Sep 2024 · $7M

ÄIO develops sustainable alternatives to animal fats and palm oil using proprietary microbial lipid technology for the oleochemical industry.

BiotechCircular EconomyFoodTechTallinn, EE

Nemailla Bonturi, PhD(Co-founder and CEO)Petri-Jaan Lahtvee, PhD(Co-founder and CTO)

Co-investorsNordic Foodtech VC

Aistiaisti.comSeries A · Dec 2024 · $30M

Aisti is a Finnish company that develops and manufactures sustainable acoustic building materials for interior environments.

CleantechConstruction TechNew MaterialsWellness & Fitness

Co-investorsEuropean Investment Bank

Alba Healthalbahealth.co

Alba offers at-home gut microbiome testing kits that analyze stool samples via sequencing to identify bacteria, fungi, and parasites, delivering structured reports and personalized nutrition, probiotic, and lifestyle guidance.

Digital HealthHealthtechWellness & Fitness

Nora (Eleonora) Cavani(Founder)in

Co-investorsJoyance PartnersNoaberOctopus Ventures

Arguseyearguseye.sein

ArgusEye develops LSPR-based biosensor systems for real-time monitoring and analytics of bioprocesses in biopharmaceutical development and manufacturing.

BiotechDeep TechHardware

Co-investorsEIR Ventures

ArgusEyearguseye.aiin𝕏

ArgusEye builds autonomous AI engineers for product security in cyber-physical systems, operating inside R&D and engineering teams to model threats, prescribe security controls, and generate audit-ready evidence.

AI & Machine LearningCybersecurityDeep TechSan Francisco, US

Jackson Schultz(Co-founder & CEO)inLawrence Ibarria(Co-Founder & CTO)inW. Jackson Schultz(Co-Founder & CEO)in

Co-investorsCIVPredictive VCEIR Ventures

Avenueuseavenue.com

Avenue is an operational monitoring and alerting platform that connects to various data sources and tools to help operations teams identify and resolve issues in real time.

Enterprise SoftwareSaaS

Co-investorsAccelInventure

Avenue Biosciencesavenuebiosciences.cominSeed · Jan 2026 · $5.7M

Avenue Biosciences develops machine learning-enabled chemistry and software to accelerate the discovery and manufacturing of protein biologics for the biotechnology and therapeutics industry.

AI & Machine LearningBiotechDeep TechHelsinki, FI

Ville Paavilainen(Co-founder & Research Director)Alastalo(MD, PhD)Rosti(PhD, eMBA)

Co-investorsBalnord Sp. z o.o.Inventure

Betolarbetolar.cominNov 2020

Betolar develops low-carbon materials technology, including alternatives to cement such as ground granulated blast furnace slag for low-carbon concrete mix designs.

Circular EconomyCleantechClimate TechConstruction TechNew MaterialsEspoo, SE

Mikko Wirkkala(Chief Financial Officer)in

Cellfioncellfion.seinSeed · Aug 2022 · $1M

Cellfion develops materials for next-generation energy and water systems, focused on safer, higher-performance alternatives that reduce environmental impact.

CleantechDeep TechEnergyNew Materials

Cubase Biocubasebio.comin

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 VenturesNordic Science Investments

desentumdesentum.fiin

Desentum is a clinical-stage biopharmaceutical company developing allergen immunotherapy products that reprogram immune responses to allergens toward tolerance.

BiotechDeep TechHealthtechEspoo, FI

Juha Rouvinen(Co-founder)Kristiina Takkinen(Co-founder)Pekka Mattila(CEO)in

BoardHans Söderlund(Chairman of the Board)

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)inJuuso Olkkonen(Chief Scientific Officer | Co-Founder)

Co-investorsAtlantic Bridge VenturesLifeline Ventures

Eniferenifer.cominSeed · May 2024 · $39M

Pekilo is a mycoprotein-based ingredient that provides digestible proteins and dietary fiber as a sustainable alternative to meat products.

AgTechBiotechCircular EconomyFoodTechImpact & Social GoodFinland, FI

Co-investorsAqua SparkNordic Foodtech VC

Farangfarang.comin𝕏Seed · Aug 2025 · $2M

Farang is an AI research lab developing foundational large language models built on a custom architecture, with a focus on specialized on-device models for consumer and enterprise use.

AI & Machine LearningDeep TechEnterprise SoftwareSweden, SE

Emil Romanusin

Co-investorsAPEX Ventures

Genomillgenomill.cominDec 2019

GenomILL develops precision diagnostic technologies using genomic analysis.

BiotechDeep TechHealthtechMedical DevicesTurku, FI

Manu Tamminen(CEO, Co-Founder)inSami Savisalo(Chair of the Board, Co-founder)inJuuso Blomster(Board Member, Co-Founder)inJukka Laine(Medical Advisor, Co-Founder)in

Geyser Batteriesgeyserbatteries.comin𝕏

Geyser Batteries develops high-power heavy-duty energy storage systems for industrial applications, with a focus on circular economy principles and sustainable electrification.

CleantechEnergyHardwareHelsinki, FI

Co-investorsButterfly Ventures

Gosta Labsgostalabs.cominSeed · Nov 2025 · $9M

Gosta Labs builds healthcare-specialized AI models and an "AI operating system" that automates clinical note generation, structures patient data, and supports real-time clinical decision-making for healthcare professionals and public and private healthcare providers.

AI & Machine LearningDigital HealthHealthtech

Lauri Sippola(Co-founder)Henri Viertolahti(Co-founder)

Grainsensegrainsense.comin𝕏

GrainSense develops a compact, portable NIR sensor for rapid grain quality analysis that measures protein, moisture, oil, and carbohydrate content.

AgTechHardwareIoT

helmeehelmee.com𝕏

Helmee develops automated visual quality inspection systems for glossy and surfaced parts in manufacturing, using its Covered Stereo Deflectometry (CSD) technology to inspect surface properties and 3D shape.

Advanced ManufacturingAI & Machine LearningHardware

Co-investorsChrysalix

Hormonahormona.ioin𝕏Seed · May 2025 · $7M

Hormona provides digital health resources and education for women's hormonal health management across all life stages.

Digital HealthFemTechHealthtechWellness & FitnessWeybridge, GB

Karolina Löfqvist(Founder)in

Co-investorsSupernode GlobalTechstarsSFC Capital

Iiwariiiwari.comin𝕏Jun 2020

Iiwari is a Finnish technology company that develops indoor positioning and location-based tracking systems, built on research from the VTT research institute and multiple patents.

Deep TechHealthtechIoTSaaS

infinited_fiberinfinitedfiber.comin𝕏

Infinna is a circular fiber material made 100% from cotton-rich textile waste that replaces virgin materials in the fashion and apparel industry.

Advanced ManufacturingCircular EconomyCleantechNew MaterialsKemi, FI

Sahil Kaushik(CEO)in

Co-investorsGOLDWIN VENTURE PARTNERSMundi Ventures

Kuva Spacekuvaspace.cominSeed · Nov 2023 · $5M

Kuva Space develops a hyperspectral satellite constellation combined with artificial intelligence to deliver actionable Earth observation intelligence for decision-makers across agriculture, climate, and security sectors.

AgTechAI & Machine LearningClimate TechSpace Tech

Tuomas Tikka(Chief Technology Officer & Co-Founder)in

Co-investorsEarth Venture CapitalNordic Foodtech VC

LIFTTliftt.cominSep 2025

LIFTT is a network organization in Italy that connects investors and innovators to support the development of future-oriented competencies and entrepreneurship within the country.

Deep TechImpact & Social GoodNew MaterialsSector AgnosticSemiconductorsTurku, IT

Stefano Buono(President)

Co-investorsLIFTTElysia CapitalAlumni VenturesJ-VenturesSerpentine Ventures

Liquid Sunliquidsun.coinSeed · Nov 2024 · $4M

Liquid Sun develops technology to convert CO₂ into sustainable jet fuel, targeting the aviation industry.

CleantechClimate TechEnergyTampere, FI

Dr. Pasi Keinänen(CEO, Co-founder)Panu Nordlund(Co-Founder)inSamuel Thesleff(Chairman, Co-Founder)inProfessor Mika Valden(Technology Advisor, Co-Founder)

Co-investorsFailup Ventures

MVisionmvision.aiinSeed · Mar 2023 · $6M

MVision AI develops medical imaging software used in radiotherapy, distributed to healthcare providers through a global network of regional distributors.

AI & Machine LearningDigital HealthHealthtechMedical Devices

Mahmudul Hasan(Founder)in

Co-investorsIcebreakerJ12 Ventures

Nadmednadmed.com

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-investorsNordic Science Investments

Nucunucuhealth.comPre-Seed · Nov 2022 · $950K

Nucu builds a sleep tracker for children that monitors sleep and bedroom environment without cameras, wearables, or charging.

ConsumerDigital HealthHardware

Nucubabynucubaby.comin

Nucu makes a contactless sleep-tracking system for children, using an ultra-thin under-mattress sensor and a smart hub that measure breathing, movement, heart rate, and room conditions (light, noise, temperature, humidity) and report sleep insights through an app.

HardwareHealthtechIoT

Juha Hannula(Co-founder)

Origin by Oceanoriginbyocean.comin𝕏Seed · Apr 2023 · $3M

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

Mari Granströmin

Co-investorsLifeline Ventures

Papticpaptic.comin𝕏

Paptic is a material innovation company that developed Paptic®, a fibre-based, recyclable material designed to replace plastics in packaging.

Circular EconomyCleantechNew MaterialsEspoo, FI

Esa Torniainen(Co-founder)inKarita Kinnunen-Raudaskoski(Co-founder)inTuomas Mustonen(Co-founder)inKatja Jokiaho(Chief Sales Officer)in

Co-investorsEmerald Technology Ventures AgEuropean Circular Bioeconomy FundEuropean Innovation Council Fund

Photoncyclephotoncycle.cominSeries A · Mar 2026 · $17M

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

Bjorn Brandtzaeg(Founder and CEO)in

Co-investorsEviny VenturesLifeline VenturesLuminar VenturesMomentumNordicNinja

Quantagonia GmbHquantagonia.comin𝕏acquired by Strangeworks

AI & Machine LearningDeep TechQuantum Computing

Co-investorsFraunhofer Tech Transfer FundTensor Ventures

Quantrol Oxquantrolox.comin𝕏Seed · Mar 2023 · $2M

QuantrolOx develops machine learning software to automatically characterise, tune, and control quantum devices, serving quantum labs, research sites, and quantum computing platforms.

AI & Machine LearningDeep TechQuantum Computing

Vishal Chatrath(Co-founder & Chief Executive Officer)inAndrew Briggs(Co-founder & Chair)inNatalia Ares(Co-founder & Chief Scientist)inDominic Lennon(Co-founder & Director of Product)inJuha Seppa(Chief Technology Officer)inKati Suard(Chief Financial Officer)in

Co-investorsHoxton VenturesLeo Capital VenturesSerendipity CapitalBalderton CapitalREMUS Capital

quanturiquanturi.comin

Quanturi is a Finnish AgTech company that develops wireless monitoring systems and data services for the agriculture and forestry industries, with a focus on preventing fermentation-related fires and material degradation.

AgTechData & InfrastructureHardwareIoTFinland, FI

Nadine Pesonen(Co-founder and CEO)inTeppo Veijonen(Co-founder and DTO (Design & Technology Officer))in

Reducinerreduciner.comSeed · May 2026 · $4M

Reduciner is a climate-tech startup with patented, electricity-driven technology that converts captured industrial CO₂ into CO-rich syngas and activated carbon for use as low-cost fuel, industrial gases, and synthetic chemical feedstock.

CleantechClimate TechDeep Tech

Skyforaskyfora.comin𝕏

Skyfora develops weather forecasting technology using AI-driven GNSS tomography and GPS-based radiosondes to close gaps in weather data.

AI & Machine LearningClimate TechData & InfrastructureDeep Tech

Svante Henriksson(Founder)in

Co-investorsEviny VenturesLumo LabsUgly Duckling Ventures

Sofi Filtrationsofifiltration.cominOct 2020 · $4M

Sofi develops ultra-fine particle separation and filtration technology to address industrial water challenges and mineral recovery.

Advanced ManufacturingCleantechClimate TechHardwareIoTNew Materials

Co-investorsEmerald Technology Ventures Ag

solarfoodssolarfoods.fiin

Solar Foods produces Solein, a protein ingredient derived from naturally occurring microbes using air, water, and renewable electricity rather than traditional agriculture.

BiotechFoodTechImpact & Social GoodFinland, FI

Dr Pasi Vainikka(Founder)Dr Juha-Pekka Pitkänen(Founder)

Co-investorsLifeline Ventures

Soomasoomamedical.cominSeed · Mar 2024 · $5M

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

Tuomas Neuvonen(CTO)inAndreas Hartlep(CEO)inMika Nikander(COO)in

Co-investorsInnovestor VenturesLifeline VenturesVerge HealthTech Fund

StemSightstemsight.fiin𝕏

StemSight develops stem cell-based therapies to restore sight, focusing on treatments for corneal conditions such as limbal stem cell deficiency using pluripotent stem cells.

BiotechDigital HealthHealthtechMedical DevicesHelsinki, FI

Laura Koivusalo(CEO)inHeli Skottmanin

Tactotektactotek.comin

TactoTek provides design tools, reference designs, and technical resources for In-Mold Structural Electronics (IMSE) manufacturing, serving designers, engineering firms, and manufacturers across the product development lifecycle.

Advanced ManufacturingDeep TechDeveloper ToolsHardwareNew MaterialsHelsinki, FI

Co-investorsRepsol Energy Ventures

Thestoragethestorage.fiinSeed · Apr 2026 · $4M

TheStorage develops thermal energy storage systems that enable industrial facilities to shift from fossil fuel-based heat production to renewable energy sources.

CleantechClimate TechEnergyTampere, FI

Timo Siukkola(Founder)in

Co-investorsSuperhero Capital

Thtroboticsthtrobotics.com

thtRobotics builds single-item piece-picking robotic cells with AI computer vision to automate order fulfillment in warehouses and fulfillment centers.

AI & Machine LearningLogistics & Supply ChainRobotics

Andrija(CEO)

Co-investorsProVenture

Westra Materialswestramaterials.comin

Westra Materials develops high-performance materials designed to replace harmful alternatives with sustainable, scalable solutions.

CleantechEnergyNew MaterialsNorrköping, SE

Co-investorsNavigare Ventures

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

Advanced ManufacturingAiobiomensioCombinosticsFinnadvanceFund IFund IIFund IIIImaging & OpticsIoT & ElectronicsMedisapiensMinima ProcessorsMonidorn-InkNew MaterialsQuantum & AISensing & DiagnosticsThe Human Touch Robotics

Exits · 3

3 acquisitions · showing 2

Minima Processorsacq. by Robert Bosch GmbHQuantagonia GmbHacq. by Strangeworks

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Voima Ventures made?
Voima Ventures has 68 tracked investments, 3 of which have exited, including 12 dated in the last 24 months.
What stage does Voima Ventures invest at?
Voima Ventures invests at the Pre-Seed, Seed, Series A, Series B stages.
What is Voima Ventures's typical check size?
Voima Ventures typically writes checks of $216K – $3.2M.
What sectors does Voima Ventures focus on?
Voima Ventures focuses on AgTech, AI & Machine Learning, Biotech, Cleantech, Climate Tech, Deep Tech, Digital Health, Energy, FoodTech, Healthtech, Impact & Social Good, Medical Devices, New Materials, Quantum Computing, Sector Agnostic.
Where is Voima Ventures located?
Voima Ventures is headquartered in Helsinki, FI.
Does Voima Ventures lead rounds?
Yes, Voima Ventures leads investment rounds.
Who does Voima Ventures co-invest with?
Voima Ventures most often shares deals with APEX Ventures, Emerald Technology Ventures Ag, Illumina Ventures, among 14 tracked co-investors.

Media · Podcasts & interviews

featuring the team

Infran taju -webinaari: Inka Mero, startup-sijoittaja, Voima Ventures Oy

Destia Oy · Inka Mero

Canon Talks jakso 6 – vieraana Voima Ventures -rahaston perustaja Inka Mero

Canon Talks FI · Inka Mero

Images

Voima Ventures photo

Co-investors · 8

Nordic Foodtech VC

Nordic Foodtech VC is a venture capital firm that invests in food technology companies operating in the Nordic region.

$540K – $2.2M
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
Emerald Technology Ventures Ag

Emerald Technology Ventures is a venture capital investor focused on complex, cutting-edge technologies, supporting entrepreneurs at the frontier of scientific and industrial innovation.

$540K – $5.4M
Metaplanet

Metaplanet is an evergreen investment firm that backs mission-driven founders building deep technologies aimed at supporting humanity's long-term survival and flourishing.

Both backed · 1
$500K – $10M
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
2xN

A fund focused on quantum-inspired technology investments.

Amadeus Capital Partners

Amadeus Capital Partners is a technology investment firm that backs founders building complex, science-led and deep tech businesses, supporting them over the long term as they scale internationally.

$50K – $12.7M
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

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

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