Brouky Score · 2026

Top VC Firms in Finland

The 25 highest-scoring venture funds headquartered in Finland, ranked from 47 eligible firms on a 110-point composite of portfolio outcomes, deal volume, risk adjustment and cheque-size fit.

68
Median score / 110
across eligible firms
47
Eligible firms
5+ tracked investments
1,553
Tracked investments
in this market
25
Firms ranked
highest scoring
Sort by
1

Karma Ventures

Series AFinland
Software & Developer ToolsIndustry & HardwareCommerce & MarketingEnergy, Environment & MobilityFinance & BlockchainHealthcare & Life Sciences
artificial-intelligenceanalyticsiotmachine-learningbankinghardware

Karma Ventures is a seed and early-stage venture capital firm backing European deep tech startups, typically investing in companies with unique intellectual property or technological advantages.

95/ 110Grade A

Investments

17

Exit Rate

12%

Alive

14

Portfolio Outcomes

14 Alive2 Acquired1 Unknown

Score Breakdown

Size Fit
15 / 15
Venture Signals
14 / 25
Deal Volume
30 / 30
Portfolio Outcomes
36 / 40
95 pts · Grade A
2

Kvanted

Series AFinland
Software & Developer ToolsIndustry & HardwareFinance & BlockchainArtificial Intelligence & DataCommerce & Marketing
aiartificial-intelligencefinancefinancial-servicesinvestmentmachine-learning
93/ 110Grade A-

Investments

5

Exit Rate

0%

Alive

5

Portfolio Outcomes

5 Alive

Score Breakdown

Size Fit
15 / 15
Venture Signals
15 / 25
Deal Volume
23 / 30
Portfolio Outcomes
40 / 40
93 pts · Grade A-
3

VTT Ventures

Series BFinland
Industry & HardwareArtificial Intelligence & DataConsumer, Lifestyle & ServicesSoftware & Developer Tools
manufacturingr-dsustainabilitytextilesaraugmented-reality
90/ 110Grade A-

Investments

20

Exit Rate

3%

Alive

24

Portfolio Outcomes

24 Alive1 IPO6 Unknown

Score Breakdown

Size Fit
15 / 15
Venture Signals
15 / 25
Deal Volume
30 / 30
Portfolio Outcomes
30 / 40
90 pts · Grade A-
4

MIG Fonds

Series BFinland
Healthcare & Life SciencesIndustry & HardwareArtificial Intelligence & DataSoftware & Developer ToolsFinance & Blockchain
drug-developmentasset-managementpredictive-maintenancerailwayssensor-technologyclinical-trials

MIG Fonds invests in early-stage deep tech and life sciences companies in German-speaking Europe and beyond. They focus on sectors such as biopharmaceuticals, medical technology, digital health, energy and environmental technologies, advanced computing, digitalization and IoT.

88/ 110Grade A-

Investments

18

Exit Rate

6%

Alive

16

Portfolio Outcomes

16 Alive1 Acquired

Score Breakdown

Size Fit
15 / 15
Venture Signals
14 / 25
Deal Volume
30 / 30
Portfolio Outcomes
29 / 40
88 pts · Grade A-
5

OpenOcean

Series C+Finland
Software & Developer ToolsCommerce & MarketingIndustry & HardwareFinance & BlockchainHealthcare & Life SciencesEnergy, Environment & Mobility
apianalyticsmarketingdatacybersecurityartificial-intelligence

OpenOcean invests in early-stage software businesses across Europe with global ambitions. They focus on data-intensive, AI-first companies building scalable and defensible businesses.

87/ 110Grade A-

Investments

88

Exit Rate

10%

Alive

68

Portfolio Outcomes

68 Alive9 Acquired2 Dead14 Unknown

Score Breakdown

Size Fit
15 / 15
Venture Signals
4 / 25
Deal Volume
30 / 30
Portfolio Outcomes
38 / 40
87 pts · Grade A-
6

Innogest

Series C+Finland
Healthcare & Life SciencesCommerce & MarketingArtificial Intelligence & DataSoftware & Developer Tools
commercee-groceryfood-deliveryonline-retailretailcatheters

Innogest Capital invests in early-stage ventures with high potential, primarily in Europe. They focus on companies that make a difference, partnering with visionary entrepreneurs in the technology and healthcare sectors.

86/ 110Grade A-

Investments

7

Exit Rate

0%

Alive

6

Portfolio Outcomes

6 Alive1 Unknown

Score Breakdown

Size Fit
15 / 15
Venture Signals
14 / 25
Deal Volume
19 / 30
Portfolio Outcomes
38 / 40
86 pts · Grade A-
7

Korona Invest

Series C+Finland
80/ 110Grade B

Investments

31

Exit Rate

41%

Alive

7

Portfolio Outcomes

7 Alive14 Acquired13 Unknown

Score Breakdown

Size Fit
15 / 15
Venture Signals
14 / 25
Deal Volume
30 / 30
Portfolio Outcomes
21 / 40
80 pts · Grade B
8

Top Harvest

Series C+Finland
Healthcare & Life SciencesSoftware & Developer ToolsIndustry & Hardware
biotechr-dgenetic-medicinegenomicslife-sciencesdiagnostics
76/ 110Grade B-

Investments

23

Exit Rate

0%

Alive

21

Portfolio Outcomes

21 Alive5 Unknown

Score Breakdown

Size Fit
15 / 15
Venture Signals
14 / 25
Deal Volume
30 / 30
Portfolio Outcomes
17 / 40
76 pts · Grade B-
9

Big Bets VC

Series C+Finland
Consumer, Lifestyle & ServicesSoftware & Developer ToolsEnergy, Environment & MobilityHealthcare & Life Sciences
application-securitycloud-securitycybersecuritydevopsthreat-detectiongolf

Invests in early-stage consumer and lifestyle companies in Finland. Focuses on B2C business models.

76/ 110Grade B-

Investments

16

Exit Rate

6%

Alive

14

Portfolio Outcomes

14 Alive1 Acquired1 Unknown

Score Breakdown

Size Fit
15 / 15
Venture Signals
14 / 25
Deal Volume
20 / 30
Portfolio Outcomes
27 / 40
76 pts · Grade B-
10

NordicNinja VC

Series C+Finland
Software & Developer ToolsIndustry & HardwareEnergy, Environment & MobilityFinance & BlockchainHealthcare & Life SciencesConsumer, Lifestyle & Services
aidata-managementdataanalyticsautomotivecybersecurity

NordicNinja VC is a venture capital firm that focuses on investing in early-stage startups in the Nordic and Baltic regions, with a particular interest in deep tech, SaaS, and digital health.

75/ 110Grade B-

Investments

48

Exit Rate

2%

Alive

38

Portfolio Outcomes

38 Alive1 Acquired7 Unknown

Score Breakdown

Size Fit
15 / 15
Venture Signals
0 / 25
Deal Volume
30 / 30
Portfolio Outcomes
30 / 40
75 pts · Grade B-
11
Software & Developer ToolsHealthcare & Life SciencesEnergy, Environment & MobilityotherArtificial Intelligence & DataIndustry & Hardware
air-denergyintegrationsustainabilityanalytics
73/ 110Grade C+

Investments

120

Exit Rate

2%

Alive

116

Portfolio Outcomes

116 Alive1 Acquired2 IPO27 Unknown

Score Breakdown

Size Fit
15 / 15
Venture Signals
14 / 25
Deal Volume
30 / 30
Portfolio Outcomes
14 / 40
73 pts · Grade C+
12

Vendep Capital

Series AFinland
Software & Developer ToolsConsumer, Lifestyle & ServicesIndustry & HardwareEnergy, Environment & MobilityArtificial Intelligence & DataFinance & Blockchain
analyticsdataautomationcybersecuritymarketingmobile-app
73/ 110Grade C+

Investments

50

Exit Rate

2%

Alive

39

Portfolio Outcomes

39 Alive1 Acquired7 Unknown

Score Breakdown

Size Fit
15 / 15
Venture Signals
10 / 25
Deal Volume
30 / 30
Portfolio Outcomes
18 / 40
73 pts · Grade C+
13

Capman Ventures

Series C+Finland
73/ 110Grade C+

Investments

43

Exit Rate

0%

Alive

21

Portfolio Outcomes

21 Alive1 Dead21 Unknown

Score Breakdown

Size Fit
15 / 15
Venture Signals
15 / 25
Deal Volume
30 / 30
Portfolio Outcomes
13 / 40
73 pts · Grade C+
14

Inventure VC

Series AFinland
Software & Developer ToolsCommerce & MarketingIndustry & HardwareConsumer, Lifestyle & ServicesFinance & BlockchainArtificial Intelligence & Data
application-securityanalyticsdatacircular-economyconsumerbusiness-intelligence

Inventure is an early-stage venture capital firm focused on the Nordics and Baltics. They back founders with strong market understanding and innovative solutions, aiming to build futures others can't imagine.

72/ 110Grade C+

Investments

48

Exit Rate

0%

Alive

42

Portfolio Outcomes

42 Alive18 Unknown

Score Breakdown

Size Fit
15 / 15
Venture Signals
11 / 25
Deal Volume
30 / 30
Portfolio Outcomes
16 / 40
72 pts · Grade C+
15

Lifeline Ventures

Series C+Finland
Software & Developer ToolsIndustry & HardwareHealthcare & Life SciencesCommerce & MarketingConsumer, Lifestyle & ServicesEnergy, Environment & Mobility
cybersecurityaiautomationsustainabilitymanufacturinghardware

Lifeline Ventures is an early-stage venture capital firm that invests in ambitious founders building disruptive companies, primarily focusing on the Nordic and Baltic regions. They look for companies with the potential to scale globally, often investing in deep tech, health, and software startups.

72/ 110Grade C+

Investments

31

Exit Rate

3%

Alive

25

Portfolio Outcomes

25 Alive1 Acquired4 Unknown

Score Breakdown

Size Fit
15 / 15
Venture Signals
7 / 25
Deal Volume
30 / 30
Portfolio Outcomes
20 / 40
72 pts · Grade C+
16

FOV Ventures

Series C+Finland
Industry & HardwareSoftware & Developer ToolsConsumer, Lifestyle & ServicesotherEnergy, Environment & Mobility
machine-learningconsumer-techtechnologycpu-offloadinghardware-accelerationperformance-enhancement

FOV Ventures is a Finnish VC focused on early-stage investments, primarily targeting seed and pre-seed startups in Finland. They back innovative technology companies striving to bring cutting-edge solutions to market.

72/ 110Grade C+

Investments

28

Exit Rate

0%

Alive

24

Portfolio Outcomes

24 Alive5 Unknown

Score Breakdown

Size Fit
15 / 15
Venture Signals
14 / 25
Deal Volume
30 / 30
Portfolio Outcomes
13 / 40
72 pts · Grade C+
17

Springvest Oy

Series AFinland
72/ 110Grade C+

Investments

17

Exit Rate

Alive

Portfolio Outcomes

Not enough tracked outcomes yet

Score Breakdown

Size Fit
15 / 15
Venture Signals
13 / 25
Deal Volume
30 / 30
Portfolio Outcomes
14 / 40
72 pts · Grade C+
18

Kiilto Ventures

Series AFinland
Software & Developer ToolsCommerce & MarketingEnergy, Environment & MobilityFinance & BlockchainConsumer, Lifestyle & Services
sustainabilityclimate-techautomationenergy-managementclean-energyenergy-efficiency
72/ 110Grade C+

Investments

7

Exit Rate

0%

Alive

7

Portfolio Outcomes

7 Alive

Score Breakdown

Size Fit
15 / 15
Venture Signals
15 / 25
Deal Volume
15 / 30
Portfolio Outcomes
27 / 40
72 pts · Grade C+
19
Industry & HardwareEnergy, Environment & MobilitySoftware & Developer ToolsHealthcare & Life SciencesArtificial Intelligence & DataConsumer, Lifestyle & Services
sustainabilityhardwareanalyticsdataindustrial-techsensors
71/ 110Grade C

Investments

54

Exit Rate

7%

Alive

42

Portfolio Outcomes

42 Alive1 Acquired3 IPO9 Unknown

Score Breakdown

Size Fit
15 / 15
Venture Signals
16 / 25
Deal Volume
30 / 30
Portfolio Outcomes
10 / 40
71 pts · Grade C
20

Butterfly Ventures

Series AFinland
Industry & HardwareSoftware & Developer ToolsHealthcare & Life SciencesEnergy, Environment & MobilityConsumer, Lifestyle & ServicesArtificial Intelligence & Data
aicustomer-servicejob-marketplacemultilingualtalent-managementdigital-health

Butterfly Ventures is a seed-stage focused venture capital firm investing in deep tech, hardware, and hardware-interfacing software startups in the Nordic and Baltic regions.

71/ 110Grade C

Investments

20

Exit Rate

5%

Alive

15

Portfolio Outcomes

15 Alive1 Acquired4 Unknown

Score Breakdown

Size Fit
15 / 15
Venture Signals
14 / 25
Deal Volume
24 / 30
Portfolio Outcomes
18 / 40
71 pts · Grade C
21

Sisu Ventures

Series AFinland
Consumer, Lifestyle & ServicesSoftware & Developer ToolsHealthcare & Life SciencesIndustry & HardwareotherArtificial Intelligence & Data
studiogame developmentgamingvideo gamesgamesmobile-app

Sisu Game Ventures is an early-stage venture capital fund focused 100% on games, often providing the first check to pre-revenue and pre-product companies. They prioritize strong founding teams and leverage their extensive experience in game development to support the next generation of game entrepreneurs.

70/ 110Grade C

Investments

67

Exit Rate

4%

Alive

44

Portfolio Outcomes

44 Alive3 Acquired21 Unknown

Score Breakdown

Size Fit
15 / 15
Venture Signals
14 / 25
Deal Volume
29 / 30
Portfolio Outcomes
12 / 40
70 pts · Grade C
22

Superhero Capital

Series C+Finland
Software & Developer ToolsConsumer, Lifestyle & ServicesCommerce & MarketingEnergy, Environment & MobilityIndustry & HardwareFinance & Blockchain
analyticsdataautomationcloudaisustainability

Invests in early-stage software and developer tools companies in Finland. Focus on seed stage.

70/ 110Grade C

Investments

33

Exit Rate

0%

Alive

26

Portfolio Outcomes

26 Alive6 Unknown

Score Breakdown

Size Fit
15 / 15
Venture Signals
6 / 25
Deal Volume
30 / 30
Portfolio Outcomes
19 / 40
70 pts · Grade C
23

Gorilla Capital

Series C+Finland
Software & Developer ToolsHealthcare & Life SciencesCommerce & MarketingIndustry & HardwareEnergy, Environment & MobilityFinance & Blockchain
machine-learningartificial-intelligencedigital-healthdata-analyticsautomationai

Gorilla Capital focuses on early-stage investments in Nordic technology companies, emphasizing disruptive B2B solutions that address critical industry challenges, such as cybersecurity and software for demanding environments.

70/ 110Grade C

Investments

26

Exit Rate

0%

Alive

25

Portfolio Outcomes

25 Alive1 Dead

Score Breakdown

Size Fit
13 / 15
Venture Signals
14 / 25
Deal Volume
30 / 30
Portfolio Outcomes
13 / 40
70 pts · Grade C
24

Kluz Ventures

Series C+Finland
Industry & HardwareSoftware & Developer ToolsArtificial Intelligence & DataEnergy, Environment & MobilityHealthcare & Life Sciences
satelliteair-taxiaviationdronessimulationdata-analytics
68/ 110Grade C-

Investments

56

Exit Rate

9%

Alive

33

Portfolio Outcomes

33 Alive2 Acquired3 IPO19 Unknown

Score Breakdown

Size Fit
15 / 15
Venture Signals
14 / 25
Deal Volume
30 / 30
Portfolio Outcomes
9 / 40
68 pts · Grade C-
25

Inventure

Series C+Finland
Software & Developer ToolsFinance & BlockchainConsumer, Lifestyle & ServicesIndustry & HardwareCommerce & MarketingHealthcare & Life Sciences
aiconsumerpaymentsfinancial-servicesfintechd2c

Invests in early-stage companies with a focus on the Nordic and Baltic regions. They look for companies in the consumer and lifestyle sectors.

68/ 110Grade C-

Investments

53

Exit Rate

4%

Alive

41

Portfolio Outcomes

41 Alive2 Acquired10 Unknown

Score Breakdown

Size Fit
15 / 15
Venture Signals
0 / 25
Deal Volume
30 / 30
Portfolio Outcomes
23 / 40
68 pts · Grade C-

Methodology

What the score measures, who is eligible, and what it deliberately excludes.

How is the Brouky score for Finland calculated?
Each firm is scored out of 110 points across four measured components: portfolio outcomes (40), deal volume (30), risk adjustment (25) and cheque-size fit (15). The score is computed from tracked investments and portfolio company status. It is not editorial and firms cannot influence it.
Which firms are eligible for the Finland ranking?
Venture and corporate venture funds headquartered in Finland with at least 5 tracked investments. 47 firms qualify; the top 25 are listed. Angel investors, family offices, banks, accelerators and government vehicles are excluded because they are scored on a different basis and are not comparable.
How often is the ranking updated?
Scores are recomputed as new investments and portfolio outcomes are recorded, and this page refreshes daily.
My fund's data looks wrong. Can it be corrected?
Yes. Claim the fund's profile on Brouky to review the underlying investments and portfolio records, and the score updates from the corrected data.

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