Voima Ventures — Full Portfolio

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

AI & Machine LearningBiotechDeep TechHealthtechMedical DevicesSolna, SE

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

Co-investorsALAlmi InvestLELeksell Social VenturesNANavigare Ventures

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

Deep TechHardwareQuantum ComputingSemiconductorsEspoo, FI

JLJanne Lehtinen(CTO & Co-founder)in

Co-investorsLULunar VenturesQAQAI Ventures

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

PCPaulus Carpelan(CEO, Co-founder)inSRSaara Rissanen(CTO & Chief Scientist, Co-founder)in

Co-investorsBUButterfly VenturesTETesi (Finnish Industry Investment Ltd)

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

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-investorsNONordic Foodtech VC

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

CleantechConstruction TechNew MaterialsWellness & Fitness

Co-investorsEUEuropean Investment Bank

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

N(Nora (Eleonora) Cavani(Founder)in

Co-investorsJOJoyance PartnersNONoaberOCOctopus Ventures

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

BiotechDeep TechHardware

Co-investorsEIEIR Ventures

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

Co-investorsCICIVPRPredictive VCEIEIR Ventures

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-investorsACAccelINInventure

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-investorsBABalnord Sp. z o.o.INInventure

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

MWMikko Wirkkala(Chief Financial Officer)in

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

CleantechDeep TechEnergyNew Materials

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)inTVToon Verheyen(Founder)inXiaoyan Qian(Founder)in

Co-investorsILIllumina VenturesLELeksell Social VenturesNONordic Science Investments

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

BiotechDeep TechHealthtechEspoo, FI

JRJuha Rouvinen(Co-founder)KTKristiina Takkinen(Co-founder)PMPekka Mattila(CEO)in

BoardHans Söderlund(Chairman of the Board)

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 VenturesLILifeline Ventures

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-investorsAQAqua SparkNONordic Foodtech VC

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

EREmil Romanusin

Co-investorsAPAPEX Ventures

GenomILL develops precision diagnostic technologies using genomic analysis.

BiotechDeep TechHealthtechMedical DevicesTurku, FI

MTManu Tamminen(CEO, Co-Founder)inSSSami Savisalo(Chair of the Board, Co-founder)inJBJuuso Blomster(Board Member, Co-Founder)inJLJukka Laine(Medical Advisor, Co-Founder)in

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-investorsBUButterfly Ventures

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)

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

AgTechHardwareIoT

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-investorsCHChrysalix

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

Digital HealthFemTechHealthtechWellness & FitnessWeybridge, GB

KLKarolina Löfqvist(Founder)in

Co-investorsSUSupernode GlobalTETechstarsSFSFC Capital

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

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

SKSahil Kaushik(CEO)in

Co-investorsGOGOLDWIN VENTURE PARTNERSMUMundi Ventures

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-investorsEAEarth Venture CapitalNONordic Foodtech VC

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

SBStefano Buono(President)

Co-investorsLILIFTTELElysia CapitalALAlumni VenturesJ-J-VenturesSESerpentine Ventures

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

CleantechClimate TechEnergyTampere, FI

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

Co-investorsFAFailup Ventures

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

MHMahmudul Hasan(Founder)in

Co-investorsICIcebreakerJ1J12 Ventures

NADMED offers laboratory kits and analytical services for quantifying NAD and glutathione metabolites in research and diagnostic applications.

BiotechHealthtechMedical DevicesHelsinki, FI

ASAnu Suomalainen Wartiovaara(Co-Founder, MD, PhD)inLELiliya EuroJLJames Lee(CEO)in

Co-investorsNONordic Science Investments

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

ConsumerDigital HealthHardware

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 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-investorsLILifeline Ventures

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

Circular EconomyCleantechNew MaterialsEspoo, FI

ETEsa Torniainen(Co-founder)inKKKarita Kinnunen-Raudaskoski(Co-founder)inTMTuomas Mustonen(Co-founder)inKJKatja Jokiaho(Chief Sales Officer)in

Co-investorsEMEmerald Technology Ventures AgEUEuropean Circular Bioeconomy FundEUEuropean Innovation Council Fund

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 VenturesLILifeline VenturesLULuminar VenturesMOMomentumNONordicNinja

AI & Machine LearningDeep TechQuantum Computing

Co-investorsFRFraunhofer Tech Transfer FundTETensor Ventures

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

VCVishal Chatrath(Co-founder & Chief Executive Officer)inAndrew Briggs(Co-founder & Chair)inNatalia Ares(Co-founder & Chief Scientist)inDLDominic Lennon(Co-founder & Director of Product)inJSJuha Seppa(Chief Technology Officer)inKSKati Suard(Chief Financial Officer)in

Co-investorsHOHoxton VenturesLELeo Capital VenturesSESerendipity Capital2X2xNBABalderton CapitalREREMUS Capital

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

NPNadine Pesonen(Co-founder and CEO)inTVTeppo Veijonen(Co-founder and DTO (Design & Technology Officer))in

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

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

SHSvante Henriksson(Founder)in

Co-investorsEVEviny VenturesLULumo LabsUGUgly Duckling Ventures

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

Advanced ManufacturingCleantechClimate TechHardwareIoTNew Materials

Co-investorsEMEmerald Technology Ventures Ag

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)DJDr Juha-Pekka Pitkänen(Founder)

Co-investorsLILifeline Ventures

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 VenturesLILifeline VenturesVEVerge HealthTech Fund

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

LKLaura Koivusalo(CEO)inHSHeli Skottmanin

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-investorsRERepsol Energy Ventures

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

TSTimo Siukkola(Founder)in

Co-investorsSUSuperhero Capital

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-investorsPRProVenture

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

CleantechEnergyNew MaterialsNorrköping, SE

Co-investorsNANavigare Ventures