Maki

Maki is an early-stage industry-agnostic global fund from Finland. Their main geographical focus is developed Europe, especially Northern Europe.

They look at all kinds of companies, especially those with scientific advances and customer understanding. This includes strong deep tech and/or brand-driven cases.

They invest also in very early stage, if the team and case is especially promising.

Voima Ventures

Voima Ventures funds research-based deep technology. Pharmaceutical technology is interesting, drug development is not. Content (e.g. game) development is also not interesting, but related technology is.

They collaborate closely with universities and innovation service providers, for example universities’ internal innovation services.

They prefer to co-invest or lead. They seek a board seat when investing. In early stages they prefer to be actively involved in the management of the company.

Superhero Capital

Superhero Capital invests into early-stage companies in Finland and Baltics. They prefer insight-driven software companies. Hardware can also be interesting, if a big part of the value is in the software side.

 

Icebreaker

Icebreaker invests into companies and teams with domain expertise. They don’t invest into pure game companies, but gaming technology can be interesting.

Butterfly Ventures

Butterfly Ventures is a Finnish early stage deeptech hardware investor. In cases that are software-focused, they have to have a hardware angle, such as driving increased hardware sales.

On a rare occasion they invest in the idea stage.

Their sweet spot is €100k for very early stage companies and €300-500k for early (seed) stage ones.