In 2012 was created Butterfly Ventures, which is appeared as VC. The main department of described VC is located in the Oulu. The fund was located in Europe if to be more exact in Finland.
The fund is constantly included in 2-6 deals per year. The usual things for fund are deals in the range of 1 - 5 millions dollars. The top activity for fund was in 2017. Speaking about the real fund results, this VC is 18 percentage points more often commits exit comparing to other organizations.
This organization was formed by Antti Kosunen, Juho Risku, Matti Kanninen. Besides them, we counted 4 critical employees of this fund in our database.
The typical case for the fund is to invest in rounds with 1-2 participants. Despite the Butterfly Ventures, startups are often financed by Finnvera Venture Capital, EASME - EU Executive Agency for SMEs, Business Finland. The meaningful sponsors for the fund in investment in the same round are Finnvera Venture Capital, Sitra, Inventure. In the next rounds fund is usually obtained by Finnvera Venture Capital, Reaktor Ventures, Moderne Ventures.
For fund there is a match between the country of its foundation and the country of its the most frequent investments - Finland. Among the most popular fund investment industries, there are Software, Biotechnology. The fund has no specific favorite in a number of founders of portfolio startups. If startup sums 3 or 5+ of the founder, the chance for it to be financed is low. Among the various public portfolio startups of the fund, we may underline Cerenion, CadFaster, Revonte Besides, a startup requires to be at the age of 2-3 years to receive the investment from the fund.
Notable deals
| Company | Industry | Round Size | Date | Investors | Location |
Gestrument | $2M | 12 Apr 2023 | Stockholm, Stockholm County, Sweden | ||
CooliBlade | $967K | 17 Nov 2022 | Oulu, Oulu, Finland | ||
SpinDrive | $1M | 21 Oct 2021 | Lappeenranta, South Karelia, Finland | ||
Natufia | $3M | 16 Feb 2021 | Jeddah, Makkah, Saudi Arabia | ||
Taimi.love | $430K | 23 Apr 2020 | Helsinki, Southern Finland, Finland | ||
Uute Scientific Oy | 24 Mar 2020 | Finland, Uusimaa | |||
Uute Scientific Oy | $295K | 17 Mar 2020 | Helsinki, Uusimaa, Finland | ||
EmbeDL | $840K | 11 Mar 2020 | Västra Götaland County | ||
3AWater | $118K | 15 Jan 2020 | Kuopio, North Savo |
– MaryRuth Organics, a premium health supplement brand, received an investment of undisclosed amount from Butterfly.
– The terms of the deal were not disclosed.
– Led by MaryRuth Ghiyam, Founder and CEO, who will retain a significant ownership position alongside Butterfly, MaryRuth Organics is a digitally native health and wellness brand operating in the premium vitamins, minerals, and supplements industry.
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| Company | Industry | Round Size | Date | Investors | Location |
Gestrument | $2M | 12 Apr 2023 | Stockholm, Stockholm County, Sweden | ||
CooliBlade | $967K | 17 Nov 2022 | Oulu, Oulu, Finland | ||
SpinDrive | $1M | 21 Oct 2021 | Lappeenranta, South Karelia, Finland | ||
Natufia | $3M | 16 Feb 2021 | Jeddah, Makkah, Saudi Arabia | ||
Taimi.love | $430K | 23 Apr 2020 | Helsinki, Southern Finland, Finland | ||
Uute Scientific Oy | 24 Mar 2020 | Finland, Uusimaa | |||
Uute Scientific Oy | $295K | 17 Mar 2020 | Helsinki, Uusimaa, Finland | ||
EmbeDL | $840K | 11 Mar 2020 | Västra Götaland County | ||
3AWater | $118K | 15 Jan 2020 | Kuopio, North Savo |
