---
title: "15 Venture Capital Firms in Finland (Nov 2026): Top 10 Ranked"
last_updated: "2026-11-07"
rows: "15"
free_rows: "10"
source: "Official registers and each organization's own website"
canonical: "https://theinvestordatabase.com/lists/venture-capital-firms-in-finland/"
---

# 15 venture capital firms in Finland

We list 15 venture capital firms in Finland as of November 2026: each was checked on its own website or an official register, and the list was last checked on 7 Nov 2026. The cities with the most head offices on this list are Helsinki (10), Espoo (1) and Oulu (1).

- 15 firms
- 8 with a fund filing or dated deal in the last 12 months
- 51 named decision-makers on file

## First 10 of 15 venture capital firms in Finland

| Investor | Type | HQ | Stages (our research) | Focus (our research) | Latest fund or deal | Fund size | Checked | Profile |
|---|---|---|---|---|---|---|---|---|
| Wave Ventures | VC firm | Helsinki, Finland | Pre-seed | Generalist, AI, Climate Tech | Portfolio news, Oct 2026 | €10M (own site) | 2026-11-07 | https://theinvestordatabase.com/investors/wave-ventures-oy/ |
| Maki.vc | VC firm | Helsinki, Finland | Pre-seed, Seed | AI, Deep Tech, Quantum, Fintech | Portfolio news, Feb 2026 | €260M (own site) | 2026-11-07 | https://theinvestordatabase.com/investors/maki-vc/ |
| Superhero Capital | VC firm | Finland | Pre-seed, Seed | Generalist, SaaS, AI | Portfolio news, Oct 2026 |  | 2026-11-07 | https://theinvestordatabase.com/investors/superhero-capital-oy/ |
| Innovestor Life Science & Health Fund | VC firm | Helsinki, Finland | Pre-seed, Seed, Series A | Healthtech, Biotech | New fund, Nov 2025 | €90M (own site) | 2026-11-07 | https://theinvestordatabase.com/investors/innovestor-life-science-oy/ |
| Vendep Capital | VC firm | Espoo, Finland | Pre-seed, Seed | SaaS, B2B, AI | New fund, Jun 2025 | €80M (own site) | 2026-11-07 | https://theinvestordatabase.com/investors/vendep-capital-oy/ |
| Failup Ventures | VC firm | Helsinki, Finland | Pre-seed, Seed | AI, Healthtech, Consumer, Energy | New fund, Jul 2026 |  | 2026-11-07 | https://theinvestordatabase.com/investors/failup-ventures-management-oy/ |
| Voland Partners | VC firm | Helsinki, Finland | Growth | SaaS, B2B, Deep Tech | New fund, Jun 2026 |  | 2026-11-07 | https://theinvestordatabase.com/investors/voland-partners-oy/ |
| Greencode Ventures | VC firm | Helsinki, Finland | Seed, Series A | Climate Tech, AI, Energy, Deep Tech | Investment listed in 2026 |  | 2026-11-07 | https://theinvestordatabase.com/investors/greencode-ventures-oy/ |
| Butterfly Ventures | VC firm | Oulu, Finland | Seed | Deep Tech, Energy, Healthtech, Hardware | Investment listed in 2026 |  | 2026-11-07 | https://theinvestordatabase.com/investors/butterfly-ventures-ltd/ |
| OpenOcean | VC firm | Helsinki, Finland | Pre-seed, Seed, Series A | AI, SaaS, B2B, Developer Tools | Investment listed in 2026 |  | 2026-11-07 | https://theinvestordatabase.com/investors/open-ocean-ventures-oy/ |

You are seeing 10 of 15. The full list adds 5 more firms and 51 named decision-makers.

Get all 15 firms and 51 named contacts, $49, one-time: https://theinvestordatabase.com/buy/list/venture-capital-firms-in-finland
This page: https://theinvestordatabase.com/lists/venture-capital-firms-in-finland/

## Method and limits
- Source: No row on this list rests on an SEC filing. All 15 have a website we checked. Filing date and fund size are SEC data where a filing exists. Stage, sector and check size are our research.
- Inclusion rule: Organizations that back startups. Individuals, buyout funds and firms we found to be inactive are left out. Type: we class every organization on this list as "VC firm", from its own site or a filing. Place: head office in Finland.
- Order: Activity score out of 100: recency of the latest fund filing or dated deal (50: full marks within 3 months, then stepping down at 6, 12 and 24 months), size of the fund on file on a log scale (35) and completeness of the public record (15). It is a measure of activity and fit, not of quality or returns.
- Fill rates: Of 15 rows: stage 15, sector 15, fund size 4, website 15. In the paid file: named decision-makers on 15 rows, firm email on 4, LinkedIn page on 10, check size on 7.

## Questions
### How many VC firms are in Finland?
We list 15 as of November 2026. 8 of the 15 have a fund filing or a dated deal in the last 12 months.

### Which cities in Finland have the most VC firms?
Helsinki (10), Espoo (1) and Oulu (1).

### Which venture capital firms in Finland were active in the last 12 months?
None of the 15 has a fund filing dated in the last 12 months on file; 8 have other dated activity in that time (fund announcement and portfolio news), most recently Superhero Capital (portfolio news, Oct 2026), Wave Ventures (portfolio news, Oct 2026) and Failup Ventures (fund announcement, Jul 2026).

### What stages do venture capital firms in Finland back?
Of the 15 with a stage on file, seed (12), pre-seed (10) and Series A (3). A firm can back more than one stage.

### Where does the data on venture capital firms in Finland come from and how often is it updated?
All 15 rows were checked on the firm's own website, with official registers and national venture capital association directories as the starting point. Filing date and fund size come from the filing. Stage, sector and check size are our research. Rows on this list were last checked on 7 Nov 2026 at the latest. The whole file is re-verified twice a year.

### Can I download the list of venture capital firms in Finland as a spreadsheet?
Yes. The file holds all 15 rows in Excel and CSV, with 51 named decision-makers and 4 firm emails, for $49 one-time. 10 rows are free on this page.