Wave Ventures — Full Portfolio

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 VenturesMaki.vc

Product data rebuilt for the age of agentic shopping.

Next-generation AI-powered bid management for public procurement.

Energy-efficient chips for AI.

Find companies 10x faster with AI.

Developing AI to create mobile games.

AI-native CRM that captures all your conversations.

Future property management enhanced by artificial intelligence.

AI-native assortment and demand planning for fashion and retail.

AI-driven sales assistant that lets you control your CRM.

AI-powered voicemail assistant that books appointments and manages customer service.

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-investorsLifeline Ventures

Andon Labs develops safety systems and protocols for autonomous AI-driven organizations, focusing on AI alignment and control mechanisms for agents that operate without human oversight.

AI & Machine LearningDeep TechDeveloper ToolsEnterprise SoftwareSan Francisco, US

Lukas Petersson(Founder)in

Co-investorsJuniper Ventures Management, LlcY Combinator

AnswerGrid builds custom AI agents for advisory and financial services firms to automate repetitive work such as proposal drafting, market assessments, and pitchbook creation.

AI & Machine LearningEnterprise SoftwareFintech

Helps architects work faster by reducing context-switching between tools and documents.

Arkyv provides AI capabilities integrated into existing architecture design software like Revit, Archicad, and Rhino, automating repetitive tasks and documentation work for architects and design teams.

AI & Machine LearningConstruction TechSaaS

AxelAriaOliver

Attention-as-a-service, turning consumers into ambassadors.

Global tech talent resourcing platform for the automotive industry.

Bahn Express operates a network of independent drivers across Europe to deliver used cars from auctions and remarketing platforms to dealerships in 2 days.

B2B MarketplacesLogistics & Supply Chain

Co-investorsnode.vc

Blume Equity is an investment and advisory firm led by experienced professionals from investing, consulting, and operations backgrounds who help entrepreneurs accelerate growth while pursuing Net Zero sustainability goals.

CleantechClimate TechImpact & Social Good

Co-investorsTesi (Finnish Industry Investment Ltd)Impact Engine

Boksi is a platform for managing influencer marketing campaigns, enabling brands to discover creators across TikTok and Instagram, generate campaign briefs with AI, and coordinate all aspects of creator collaborations from negotiation through payment.

AI & Machine LearningB2B MarketplacesCreator EconomyMarketing TechSaaSHelsinki, FI

Co-investorsTrind Ventures

Co-investorsLifeline Ventures

Early-stage fund built around a collective of Nordic and Baltic founders.

Co-investorsAspire11Elmehøj Ventures

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

Henrietta Moon(CEO & Co-Founder)inChris Carstens(Co-Founder)

Co-investorsAuxxoBlue Ivy VenturesCherry VenturesLifeline VenturesStarlight Ventures

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-investorsLifeline Ventures

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

CybersecurityDeveloper ToolsEnterprise Software

Juho Niemi(Co-founder and CEO)inDennis Marttinen(Co-founder and CTO)inJaakko Sirén(Co-founder and CPO)inPetteri Pulkkinen(Co-founder and CISO)in

Co-investorsLifeline Ventures

Cybret builds a security engine that detects complex business logic vulnerabilities in software, focusing on unintended interactions across API endpoints, permissions, states, and data paths that conventional tools and LLM-based scanners miss.

AI & Machine LearningCybersecurityDeveloper Tools

Co-investorsSkyfall Ventures

Low-cost mass-producible defense systems.

The easiest way to save on your electricity bill.

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-investorsLifeline Ventures

Exa Laboratories designs AI chips (XPUs) optimized for machine learning inference and training with reduced energy consumption.

AI & Machine LearningHardwareSemiconductorsSan Francisco, US

Co-investorsOUTBOUND CAPITALTranspose Platform ManagementGeek Ventures

Fastest car deliveries in Europe.

Favora is a shopping app that aggregates products from multiple fashion brands in one interface.

ConsumerE-commerceRetail Tech

Co-investorsnode.vc

Fluencify produces user-generated content for direct-to-consumer and ecommerce brands, delivering authentic product videos from real users at scale for paid and organic social channels.

Creator EconomyDirect to ConsumerE-commerceMarketing TechSaaS

Making game development possible for everyone.

Preventing epidemics with genomics.

GenZero is an investment firm that deploys patient capital into nature-based solutions, climate-driven technologies, and carbon ecosystem enablers to drive decarbonization and generate climate impact while supporting local communities and biodiversity.

CleantechClimate TechFintechImpact & Social GoodSingapore, SG

Frederick Teo(Chief Executive Officer)

Co-investorsTemasek

Redefining the future of global mobility.

Making hydrogen cheaper than fossil fuels.

Hashlist provides tooling and integration services for OEMs and technology partners building physical AI systems, bridging the gap between chip performance and AI model deployment in vehicles, robots, and autonomous systems.

AI & Machine LearningB2B MarketplacesDeep TechFuture of WorkMobility & TransportationSaaS

Hedda is an AI system for analyzing RFPs and complex project documentation, helping teams qualify opportunities, extract requirements, and draft responses by connecting to existing enterprise systems like SharePoint and Microsoft 365.

AI & Machine LearningConstruction TechEnterprise SoftwareSaaS

Co-investorsInception Fund

Giving all industrial companies an AI CPQ system.

Accelerating electrification of industrial heat.

Influencer marketing at scale.

Innovestor is a Finnish investment manager offering opportunities in venture capital, commercial real estate, and energy storage assets.

CleantechDeep TechEnergyFintechImpact & Social GoodJyväskylä, FI

Co-investorsInsta VenturesTesi (Finnish Industry Investment Ltd)

AI-first platform providing support for future planning and loss, transforming the insurance industry.

Insurello helps people claim insurance compensation for personal injuries and accidents by managing claims on their behalf, taking no fee if the claim is unsuccessful.

InsurTechLegalTechStockholm, SE

Co-investorsInventureLuminar VenturesSchibsted Growth

Intergrid provides an "Autopilot" software platform that automates industrial energy operations end-to-end, including consumption forecasting, power market trading, and remote system control and monitoring using AI and machine learning.

AI & Machine LearningCleantechEnergy

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

Tommi Kupiainen(Founder)in

Co-investorsJoint EffectsLifeline VenturesVendep CapitalVentech

Kenley builds AI agents for advisory and financial services firms to automate repetitive tasks including proposal drafting, document creation, and analysis.

AI & Machine LearningEnterprise SoftwareFintechFuture of WorkLondon, GB

Bolu Ben-Adeola(Founder)inNoah Öhrner(Founder)in

Co-investorsY CombinatorVistara Growth

Kito restructures product data and adds context so AI systems can understand and recommend products, mapping the natural-language terms customers use to individual SKUs.

AI & Machine LearningE-commerceRetail Tech

Co-investorsAuxxo

Komu offers a technology-driven property management service, using AI alongside a real estate team to handle leasing, customer service, facility management, marketing, and financials for asset managers.

AI & Machine LearningPropTechSaaS

Kreia is a social media management service that ideates, designs, edits, and publishes ready-made content (reels, carousels, statics) on behalf of businesses using their existing brand assets, as either organic posts or paid ad campaigns.

Creator EconomyMarketing TechSaaS

Nea(Founder)

Co-investorsnode.vc

Lavoit supplies chemical products and analytical services to industrial sectors including fertilizer production, steel manufacturing, and hydrocarbon processing.

Advanced ManufacturingEnergy

Co-investorsStarship Ventures

Librar is a library management system designed for schools that uses AI to automate inventory and catalog management.

AI & Machine LearningEdTechSaaS

Lifeline Ventures is a sector-agnostic early-stage venture capital firm that invests at the pre-seed and seed stages and partners with founders from the start of their journey.

Sector Agnostic

Co-investorsTesi (Finnish Industry Investment Ltd)

Intelligent LLM input compression.

Luminar Ventures is a pre-seed and seed-stage venture capital firm investing in generalist startups across the Nordics, with ticket sizes of €500k–€2.5m.

Magnus Bergman(Founder)in

Co-investorsPeak

Expanding the frontiers of machine intelligence.

Making people excited about Monday.

Newly (Newly AI) is an AI platform that builds native iOS and Android apps from plain-English prompts, handling design, backend, deployment, and App Store/Play Store compliance without coding.

AI & Machine LearningDeveloper ToolsSaaSStockholm, SE

Christopher Gauffin(Founder)

Co-investorsPSV

Nexit Ventures is a venture capital firm founded in 1999 that invests in later-stage European technology companies undergoing digital transformation, with bases in the Nordic countries and Silicon Valley.

Cloud ComputingDeveloper ToolsEnterprise SoftwareHelsinki, FI

Nimble Fox is an AI tool for Unity developers that generates game assets and Unity components — including GameObjects, Prefabs, scripts, audio, characters, and particle systems — from text ideas.

AI & Machine LearningDeveloper ToolsGaming

Co-investorsSisu Game Ventures

Normative offers science-based carbon removal and climate investment products to help companies compensate for emissions they cannot reduce and reach net zero.

AI & Machine LearningCleantechClimate TechSaaSStockholm, SE

Adam Wamai Egesa(Co-founder)inKristian Rönn(Co-founder)Robin Undall-Behrend(Co-founder)

Co-investorsbyFoundersCarbonHAWKTAILHorizons VenturesLuminar Ventures

Paebbl develops carbon-neutral concrete technology for construction and infrastructure projects, demonstrated through a partnership with Heijmans on a pedestrian bridge.

CleantechClimate TechConstruction TechNew Materials

Co-investors2050CapnamicHolcim MAQER VenturesPale Blue Dot

Swedish pre-seed and seed venture fund investing in climate tech companies across Europe and, selectively, the US.

Co-investorsTesi (Finnish Industry Investment Ltd)VNV Global

Pango is an AI-powered operating system for e-commerce logistics that unifies shipping, tracking, returns, and post-purchase operations in a single platform.

AI & Machine LearningE-commerceEnterprise SoftwareLogistics & Supply ChainStockholm, SE

Steve Rahimi(Founder)inLukasz Reszczynski(Founder)in

Co-investorsHeartfelt CapitalY Combinator

Peak is a venture capital firm investing in early-stage software companies in the Benelux and DACH regions, with a focus on B2B SaaS, AI, EdTech, and the future of work.

E-commerceEnterprise SoftwareMarketplacesSaaSAmsterdam, NL

Johan van MilHeleen Dura – van OordLeszek Zawadzki(Co-founder & CEO)Alina Prelicz(Co-founder & COO)Paweł Tatarczuk(Co-founder & CTO)Stefan Bary(General Partner)

Co-investorsFJ LabsLakestarMarket One CapitalSMOK Venturesbacktrace capital

Percipio Health helps independent primary care practices claim Advanced Primary Care Management (APCM) reimbursements from Medicare that most practices do not yet operationalize.

AI & Machine LearningHealthtechInsurTechPlano, US

David Lucas(Executive Officer, Director)inJonathan Phillips(Director)Eric Rock(Executive Officer, Director)in

Co-investorsFlare Capital PartnersFortySix Venture CapitalHurricane VenturesFirst Trust Capital PartnersShunwei Capital

Qualia Studios trains and deploys robotic foundation models for factory and warehouse automation, handling tasks like multi-object grasping from mixed, unstructured bins across a real SKU mix without jigs or fixed poses.

Advanced ManufacturingAI & Machine LearningRoboticsCopenhagen, DK

Co-investorsHeartcore Capital

Automating social media content creation for the real estate industry.

Robot foundation model infrastructure.

Scape is a desktop email client that organizes inboxes for Gmail and Outlook users, using AI to prioritize important messages, draft replies, and track follow-ups from emails and meetings.

AI & Machine LearningEnterprise SoftwareFuture of WorkSaaSStockholm, SE

Melvin Hagberg(Founder and CEO)in

Co-investorsInception FundY CombinatorAngelHub

Schibsted is a media company with roots as a publishing house established in the 19th century, operating primarily as a digital media and publishing platform in the Nordic region.

Digital HealthMedia & Entertainment

The new era of security and robotics.

Solace Care is a digital platform for end-of-life planning and bereavement support that helps individuals and families prepare for loss, navigate the practical and emotional aftermath of death, and access guided support through insurance and employer partnerships.

AI & Machine LearningDigital HealthMental HealthSaaSWellness & FitnessStockholm, SE

Josef(Co-founder)Valtteri(Co-founder)

Co-investorsSpintop Ventures

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

BiotechCloud ComputingHealthtech

Co-investorsLifeline VenturesPappas Capital

Spark Biomedical develops wearable neurostimulation devices for bioelectronic medicine applications, primarily targeting mental health, women's health, hemostasis, and pediatrics.

BiotechDigital HealthHardwareHealthtechMedical DevicesDallas, US

Daniel Powell(President & Chief Executive Officer)inAlejandro Covalin, PhD(Chief Technology Officer)inNavid Khodaparast, PhD(Chief Science Officer)inAlejandro Covalin(Chief Technology Officer and Director)Navid Khodaparast(Chief Science Officer and Director)Ted Costopoulos(Director)

Co-investorsAggie Angel NetworkPathway to Cures

Spiich is a lead prospecting platform that identifies and enriches qualified prospects matching a company's ideal customer profile, then syncs them directly to CRM systems like HubSpot, Salesforce, Attio, and Pipedrive.

AI & Machine LearningEnterprise SoftwareFuture of WorkMarketing TechSaaSSales Tech

Co-investorsAmpli Ventures

Surgify Halo is a medical technology company that develops innovative bone cutting technology designed to improve safety, precision, and efficacy in surgical procedures.

Deep TechHealthtechMedical Devices

Co-investorsButterfly VenturesInnovestor Ventures

A company positioned around security and defense with a stated focus on Europe, though the page provides only high-level mission statements without concrete details on its products or services.

Defense Tech

The smartest way to buy sustainable plastics.

Sustashift offers a sustainability reporting platform serving businesses, and acquired Tofuture's business to expand to around 60 customers across five countries.

Climate TechImpact & Social GoodSaaS

Co-investorsGreencode Ventures

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

Co-investorsGreencode VenturesHeartfelt CapitalLifeline Ventures

Tenet Industries develops industrial systems and platforms, with product offerings including Midsummer and TenetTX.

Advanced ManufacturingHardwareSan Francisco, US

Emil Falk(Founder)inFabian Andersson(Founder)inHugo Frisk(Founder)in

Co-investorsY Combinator

The Token Company builds a compression model called Bear-2 that reduces the size of LLM inputs such as documents, websites, and transcripts before they enter an LLM context window.

AI & Machine LearningData & InfrastructureDeveloper ToolsEnterprise SoftwareSan Francisco, US

Otso Veisterä(Founder)in

Co-investorsFailup VenturesInception FundY CombinatorVisionaries Club

Trind is an early-stage venture capital firm that invests in consumer and community-driven startups across Europe, providing initial and follow-on funding from first ticket through multiple rounds.

Co-investorsTesi (Finnish Industry Investment Ltd)

Co-investorsFoundryUnion Grove Venture Partners

Tzafon develops machine intelligence systems focused on multimodality, high-performance compute, and continuous learning.

AI & Machine LearningDeep Tech

Noah T.(Founder)in

Co-investorsStreamlined VenturesHannah Grey VenturesKakao VenturesZone 2 Ventures Llc

Vetnio is an AI copilot platform for veterinarians that automates clinical notes, provides diagnostic support, and manages calls and messages.

AI & Machine LearningEnterprise SoftwareFuture of WorkHealthtechSaaSStockholm, SE

Arman Karégar(Founder)inMax Henry Xie(Founder)in

Co-investorsPeakY Combinator

Walerud Ventures is a Nordic pre-seed investor focused on deep tech projects, positioning itself as a first investor and "last cofounder" for founders.

Deep Tech

Willo develops wireless power delivery technology aimed at transmitting energy through the air rather than cables, targeting industrial environments such as factories, warehouses, and offices.

Deep TechEnergyHardwareHelsinki, FI

Co-investorsUnruly Capital

YZR Capital is a founder-led, independent investment platform focused on healthcare innovation, backing early-stage to growth-stage companies across Europe.

Munich, DE

Co-investorsBeiersdorf Innovation FundPeakBertelsmann InvestmentsEuropean Investment FundKfW Capital

ZSCC designs AI silicon chips (XPU) optimized for energy efficiency in machine learning inference and training, targeting the infrastructure demands of recursive self-improvement and advanced AI systems.

Advanced ManufacturingAI & Machine LearningDeep TechSemiconductorsSan Francisco, US

Elias Almqvist(Founder/CEO)inPrithvi Raj(Founder)in

Co-investorsFailup VenturesGeek VenturesOlive Tree CapitalY Combinator