Investor type Venture Capital
Founders Ilkka Kivimaki Pirkka Palomaki


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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.
Total investments 48
Average round size
The average size of a deal this fund participated in
Portfolio companies 32
Rounds per year 12.00
Lead investments 15
Follow on index
How often the fund supports its portfolio startups at next rounds
Key employees 4
Stages of investment
Early Stage Venture

Areas of investment

  • Software
  • Information Technology
  • SaaS
  • Artificial Intelligence
  • Enterprise Software

In 2018 was created, which is appeared as VC. The main office of represented VC is situated in the Helsinki. The company was established in Europe in Finland.

The common things for fund are deals in the range of 1 - 5 millions dollars. The fund is constantly included in 7-12 deals per year. The high activity for fund was in 2018. Speaking about the real fund results, this VC is 63 percentage points more often commits exit comparing to other organizations.

The usual cause for the fund is to invest in rounds with 2-3 partakers. Despite the, startups are often financed by HV Holtzbrinck Ventures, Techstars, European Innovation Council. The meaningful sponsors for the fund in investment in the same round are HV Holtzbrinck Ventures, Reaktor Ventures, Horizon 2020. In the next rounds fund is usually obtained by HV Holtzbrinck Ventures, Horizon 2020, European Innovation Council.

The fund has no exact preference in a number of founders of portfolio startups. In case when startup counts 2 of the founder, the chance for it to get the investment is meager. Among the most popular fund investment industries, there are Collaboration, SaaS. 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 portfolio startups of the fund, we may highlight Revonte,, Moreover, a startup needs to be at the age of 1 and less years to get the investment from the fund.

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Funds with similar focus located in Finland:
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Funds with similar focus acting as lead investors:

Notable deals

CompanyIndustryRound SizeDateInvestorsLocation


Information Services
$1M21 Apr 2022 Oslo, Norway


Building Material
$1M19 Apr 2022 Jyväskylä, Western Finland, Finland


Real Estate
Travel Agency
$1M14 Apr 2022 Helsinki, Uusimaa, Finland


$17M11 Apr 2022 -

Onego Bio

$11M22 Feb 2022 Espoo, Southern Finland, Finland


$8M17 Feb 2022 -


Financial Services
$53M06 Dec 2021 Espoo, Uusimaa, Finland


Digital Entertainment
Music Streaming
Music Venues
$1M30 Nov 2021 Helsinki, Uusimaa, Finland


E-Commerce Platforms
$4M22 Nov 2021 Vantaa, Southern Finland, Finland
Volare Raises €0.7M in Funding

– Volare is a new spinoff startup from VTT Technical Research Centre of Finland.
– The company raised €0.7M in funding. made the investment.
– The company already has a pilot plant up and running and is aiming for rapid growth.


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