THE FUNDING MAP / BY TYPE AND ORIGIN
Venture capital firms in Finland backing hardtech
14 venture capital firms in Finland with documented hardtech investments. Funds that take equity in early and growth-stage companies and expect to exit. The ones listed here have put money into hardware, materials, energy or industrial technology, not only software.
Alliance VC (Alliance Venture) is a Nordic early-stage venture capital firm founded in 2001, with partners on the ground in Oslo, Stockholm, Copenhagen and Helsinki, backing Nordic founders with global ambitions. While its current thesis centers on applied AI and software, its portfolio includes verified hardtech bets such as 1X Technologies (humanoid robotics) and Aquabyte (computer-vision hardware for fish farming), and it is actively deploying its newly closed Alliance Nordic III fund.
Backed 1X Technologies (Halodi Robotics), Aquabyte
Global early-stage venture capital firm with a dedicated always-on residency model in the Nordics, investing from day zero through Series C.
Backed Evyon (battery storage from repurposed EV batteries)
Early-stage deep tech VC investing in science-based Nordic startups across hardware and software.
Backed 10 Lines, Cooliblade, Geyser Batteries
Icebreaker.vc is a Helsinki-based early-stage venture capital firm founded in 2017 that invests in idea-stage and pre-seed teams in Finland, Sweden and Estonia, with first tickets up to €1.5M. The firm has supported over 100 teams since inception and its second fund is backed by the European Union's InnovFin Equity programme under Horizon 2020 and EFSI.
Backed ReOrbit, Roadcloud, Zymego, Finnadvance, Logmore
Innovestor is a Helsinki based venture capital firm founded in 2014, investing in early-stage technology and life science startups across the Nordic and Baltic regions through its Technology Fund, Life Science Fund and Angel CoFund, alongside a corporate venturing arm and a commercial real estate business.
Backed Granarium Technologies, Bioretec, ZenRobotics, Amertate, Sooma Medical, Brinter
Early-stage venture capital firm investing in hardware, software and service companies for the industrial value chain, with focus on industrial automation, sustainability and supply chain resilience.
Backed QMill, Resoniks, Fractory, Unbound Potential, Euler3D
Lifeline Ventures is a Helsinki-based, sector-agnostic early-stage venture capital firm founded in 2009. It invests from pre-seed through growth stages across deeptech, climate, health and consumer sectors, and closed a 400 million euro sixth fund in 2025 to keep backing founders from first check through scale.
Backed Akkurate, Altum Technologies, Arctic Instruments, Calectra, Carbo Culture, CurifyLabs
Helsinki-based venture capital firm investing at pre-seed and seed stage in deep tech and brand-driven startups, managing €260 million across three funds with initial tickets from €300,000 to €3 million.
Backed IQM, Spinnova, QMill, Distance Technologies, CardioSignal, Onego Bio
Early-stage venture capital firm investing in deep foodtech across the Nordics and Baltics, backing startups building new technologies for food and agriculture.
Backed NPHarvest, Kuva Space
NordicNinja VC is a Helsinki-based, Japan-backed venture capital firm founded in 2019 that invests in Series A stage climate tech, deep tech and digital society companies across Northern Europe, backed by Japanese corporates including Honda, Panasonic and Omron.
Backed CorPower Ocean, Einride, Logmore, Mavenoid, Onego, Photoncycle
Berlin-based venture capital firm that runs North Karelia Growth Fund (and now Fund II) through its Redstone Nordics arm, backing early-stage deeptech and hardtech companies in the Joensuu region of Finland.
Backed Chipmetrics, SeeTrue Technologies
Helsinki-based early-stage VC investing in bold founders from Finland and the Baltics, especially in SaaS and deep tech.
Backed Flow, The Storage, Doublepoint
Finnish government-owned investment company supporting sustainable economic growth through equity investments in Finnish companies.
Backed Sisu Auto, Haltian, Oura
Voima Ventures is a venture capital firm founded in 2019 with offices in Helsinki and Stockholm. It invests in science-based deep tech startups across the Nordics and Baltics, from pre-seed to Series A and B, and closed a EUR 100 million Fund III backed by the European Investment Fund, Tesi, VTT and Saminvest.
Backed Solar Foods, Dispelix, Paptic, Betolar, Infinited Fiber Company, Adamant Health
Browse wider: All investors in Finland · All venture capital on the map
Missing an investor, or is an entry wrong? Tell us. Every suggestion is checked before it goes live.
Keep up with who is funding Nordic hardtech.
Every two weeks we send new investors on the map, fresh rounds and open raises. Free, 8,000+ readers.