Valkea Growth Club

Valkea Growth Club is the startup acceleration and support program of Fortum, a large Finnish energy corporation. They also invest into startups.

They are interested especially in software solutions, but hardware can also be relevant.

They seek companies with revenue to invest in, and also pre-revenue companies for acceleration and piloting their solutions.


Speedinvest invests into digital software solutions and helps them scale internationally, especially in the US. They have several funds, some of specializing in for example marketplaces, fintech and industrial tech. Deep tech, SaaS, enterprise and consumer solutions, and digital health are also of especial interest to them.

They have offices in Berlin, London, Munich, Silicon Valley and Vienna.

They focus on both B2B and B2C solutions, but are interested in considering B2G cases as well.

They seek an ownership stake of 10% or higher a usually a board seat. They typically lead rounds.

Lifeline Ventures

Lifeline Ventures is one of the most successful Finnish venture funds, focusing on teams with Finnish founders. They invest into companies in early stage only and have the capacity to follow-on at least pro rata until very late stages.

They prefer to lead the rounds of their initial investments and seek a board seat.

Unknown Group

Unknown Group does startup scouting for corporations and governments, helping them find startups to buy from or partner with.


VNTRS is helping startups validate their problem and solution and building the first product the right way. They also help in attracting further funding.

They’re looking for strong teams with industry expertise. Software has to be a part of the solution, but it doesn’t have to be the main part.

They’re based in Stockholm, and building new teams in Tallinn, Copenhagen, Helsinki, and Malmö. They’re happy to connect with experienced and entrepreneurial people in tech, product and UX fields who are interested in helping startups get their early product right.

Lunar Ventures

Lunar Ventures focuses on helping ambitious deep tech software startups succeed. Hardware is also possible, but significant value has to be in the software side. They invest in early stage teams with strong technological founders, and look for indication of ability to execute. Previous entrepreneurial experience is a plus but not a requirement.

They’re well versed with algorithms, AI, machine learning, blockchain and other areas of software deep tech. Their three core partners have backgrounds in software engineering, mathematics, algorithmics and related product strategy and business roles.

Most of their investments are into companies with a valuation in the low single digit millions. They typically lead or co-lead an investment syndicate, but have done solo investments as well.

The Blue Minds

The Blue Minds Group focuses on innovative solutions to transform our energy system and industrial value chains. They build innovative companies, invest in promising tech teams and help industry create new skills, promote talents, and develop business models for the digital age.

They invest in very early stage.

They also help companies expand into the German-speaking market (DACH countries).


Sunbo Angel Partners

Sunbo Angel Partners represents 17 Korean LPs and 120 SMEs, investing into research-based early stage B2B companies globally.

Fazer Lab

Fazer is looking for food tech startups who focus on food (the substance), raw materials and food production process technologies.

For example solutions that help in berry or cocoa availability around the year would be interesting.

They’re interested especially in commercial cooperation, and also willing to invest in a few select startups.

Startup introductions can be sent to Jussi Loponen: Please include an introductory text in the connection request.

Change Ventures