Hardtech investors in Finland

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)

Funding for Finnish startups and scaleups, from Tempo grants to large R&D loans. Rolling applications.

Early-stage deep tech VC investing in science-based Nordic startups across hardware and software.

Backed 10 Lines, Cooliblade, Geyser Batteries

Copenhagen-based pre-seed and seed venture capital firm investing in defence, space and cyber technology across the New Nordics and Ukraine. Merged with Myriad Defence in September 2026 and now runs Final Frontier Fund II, which targets EUR 100 million with a first close expected by the end of 2026.

Backed Stormborn, Farsight Vision, G-Next Intelligence, BlinkTroll, Dropla Tech

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 founded in 2014, with offices in Zurich and Helsinki, investing across deeptech, industrial, energy, health, fintech and venture debt. Its Redstone Nordics arm manages the North Karelia Growth Fund I (launched 2020) and the EUR 10 million North Karelia Growth Fund II, which writes initial tickets of EUR 100,000 to EUR 300,000 in early-stage companies in the Joensuu region of Finland, focused on semiconductors and photonics, defence and dual-use technologies, and the energy transition.

Backed SpaceX, Alloyed, Allsides, Aurora Powertrains, Biozeroc, BTRY

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

VTT Ventures is the venture company of VTT Technical Research Centre of Finland, founded in 2010 to invest in spin-offs built on VTT technology. Its legacy portfolio is managed by Voima Ventures, and since 2019 VTT makes its technology investments through VTT Holding and the VTT LaunchPad incubator.

Backed TactoTek, Dispelix, Spectral Engines, Minima Processor, Paptic, Spinnova