Brouky Score · 2026

Top VC Firms in Finland

The 25 highest-scoring venture funds headquartered in Finland, ranked from 52 eligible firms on a 110-point composite of portfolio outcomes, deal volume, risk adjustment and cheque-size fit.

76
Median score / 110
across eligible firms
52
Eligible firms
5+ tracked investments
2,250
Tracked investments
in this market
25
Firms ranked
highest scoring
Sort by
1

VTT Ventures

Series BFinland
Industry & HardwareEnergy, Environment & MobilityArtificial Intelligence & DataConsumer, Lifestyle & ServicesSoftware & Developer ToolsHealthcare & Life Sciences+3 more
circular-economyhardwarer-dsustainabilitysustainable-textilessingle-cell-protein+3 more

Founded in 2010, VTT Ventures is a corporate venture capital arm of VTT Technical Research Centre based in Espoo, Finland. The firm invests in imaging and optics, the internet of things and electronics, life science, materials and manufacturing, sensing and diagnostics, software, and ICT sectors.

100/ 110Grade A

Investments

31

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
15 / 25
Deal Volume
30 / 30
Portfolio Outcomes
40 / 40
2

Springvest Oy

Series AFinland
Healthcare & Life SciencesSoftware & Developer ToolsIndustry & HardwareEnergy, Environment & MobilityArtificial Intelligence & DataConsumer, Lifestyle & Services+3 more
r-dhardwareaioncologyspaceautomation+3 more

Focuses on early-stage companies in the Healthcare & Life Sciences sector in Finland. The firm invests in companies with B2B and B2C business models.

99/ 110Grade A

Investments

44

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
14 / 25
Deal Volume
30 / 30
Portfolio Outcomes
40 / 40
3

Evli Growth Partners

Series AFinland
Software & Developer ToolsHealthcare & Life SciencesCommerce & MarketingFinance & BlockchainConsumer, Lifestyle & ServicesEnergy, Environment & Mobility+3 more
insurtechobesity-treatmentb2b-financefreelancer-economyinsurancesmall-and-medium-businesses+3 more

Focuses on fast-growing European companies, particularly in the Nordics and Baltics. They invest in Series A and B stages, looking for companies with proven unit economics and a few million euros in revenue.

99/ 110Grade A

Investments

34

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
14 / 25
Deal Volume
30 / 30
Portfolio Outcomes
40 / 40
4
Industry & HardwareEnergy, Environment & MobilitySoftware & Developer ToolsHealthcare & Life SciencesArtificial Intelligence & DataConsumer, Lifestyle & Services+3 more
sustainabilityhardwareaiclean-energyanalyticsdata+3 more
98/ 110Grade A

Investments

54

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
14 / 25
Deal Volume
29 / 30
Portfolio Outcomes
40 / 40
5

Nokia Growth Partners

Corporate VCSeries BFinland
Software & Developer ToolsConsumer, Lifestyle & ServicesHealthcare & Life SciencesIndustry & HardwareEnergy, Environment & MobilityCommerce & Marketing+3 more
mobile-apppeer-to-peerlocal-servicesconsumerenterpriseproductivity+3 more

Focuses on early-stage companies, particularly Series A. Invests in the commerce and marketing sectors, with a geographic interest in India.

97/ 110Grade A

Investments

36

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
12 / 25
Deal Volume
30 / 30
Portfolio Outcomes
40 / 40
6

OpenOcean

Series AFinland
Software & Developer ToolsCommerce & MarketingIndustry & HardwareFinance & BlockchainHealthcare & Life SciencesEnergy, Environment & Mobility+3 more
apianalyticscybersecuritymarketingdevopsdata+3 more

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.

91/ 110Grade A-

Investments

127

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
6 / 25
Deal Volume
30 / 30
Portfolio Outcomes
40 / 40
7

Sisu Ventures

SeedFinland
Consumer, Lifestyle & ServicesHealthcare & Life SciencesIndustry & HardwareSoftware & Developer ToolsCommerce & MarketingArtificial Intelligence & Data+3 more
gamingstudiogame-developmentvideo-gamesconsumermobile-app+3 more

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.

91/ 110Grade A-

Investments

75

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
11 / 25
Deal Volume
30 / 30
Portfolio Outcomes
35 / 40
8
Software & Developer ToolsIndustry & HardwareConsumer, Lifestyle & ServicesEnergy, Environment & MobilityCommerce & MarketingHealthcare & Life Sciences+3 more
automationanalyticsdataaimachine-learningenergy-storage+3 more

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

91/ 110Grade A-

Investments

66

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
10 / 25
Deal Volume
30 / 30
Portfolio Outcomes
36 / 40
9

Vendep Capital

Series AFinland
Software & Developer ToolsConsumer, Lifestyle & ServicesEnergy, Environment & MobilityIndustry & HardwareFinance & BlockchainCommerce & Marketing+3 more
analyticsautomationdataaimobile-appmarketing+3 more

Vendep Capital invests in B2B SaaS startups across the Nordics and Baltics.

91/ 110Grade A-

Investments

56

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
9 / 25
Deal Volume
30 / 30
Portfolio Outcomes
37 / 40
10

Gorilla Capital

SeedFinland
Software & Developer ToolsCommerce & MarketingHealthcare & Life SciencesIndustry & HardwareFinance & BlockchainEnergy, Environment & Mobility+3 more
machine-learningdata-analyticsartificial-intelligenceautomationdigital-healthai+3 more

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.

88/ 110Grade A-

Investments

39

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
14 / 25
Deal Volume
30 / 30
Portfolio Outcomes
29 / 40
11

Korona Invest

Series AFinland
Software & Developer ToolsHealthcare & Life SciencesIndustry & HardwareCommerce & Marketing+1 more
health-servicesair-conditioningcold-storagecooling-systemsheat-pumpshealthcare+3 more

Korona Invest focuses on early-stage Finnish startups innovating in Fintech and Healthtech, supporting scalable B2B and B2C business models. They seek transformative companies with strong teams and proprietary technology.

88/ 110Grade A-

Investments

34

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
14 / 25
Deal Volume
19 / 30
Portfolio Outcomes
40 / 40
12

Capman Ventures

Series C+Finland
Software & Developer ToolsIndustry & HardwareEnergy, Environment & MobilityConsumer, Lifestyle & ServicesHealthcare & Life SciencesFinance & Blockchain+3 more
aicybersecuritycloudartificial-intelligencechatbotsconversational-ai+3 more

CapMan invests in real estate, natural capital, infrastructure, growth, special situations, real asset debt, and wealth management.

86/ 110Grade A-

Investments

41

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
14 / 25
Deal Volume
30 / 30
Portfolio Outcomes
27 / 40
13

Inventure

SeedFinland
Software & Developer ToolsConsumer, Lifestyle & ServicesFinance & BlockchainIndustry & HardwareHealthcare & Life SciencesCommerce & Marketing+3 more
aipaymentsfintechconsumerenterprised2c+3 more

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

85/ 110Grade A-

Investments

158

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
0 / 25
Deal Volume
30 / 30
Portfolio Outcomes
40 / 40
14

Maki.vc

SeedFinland
Software & Developer ToolsHealthcare & Life SciencesFinance & BlockchainIndustry & HardwareArtificial Intelligence & DataConsumer, Lifestyle & Services+3 more
machine-learningaidigital-healthautomationartificial-intelligencehealthcare+3 more

Maki.vc invests in companies building deep tech and brand-driven businesses, primarily in the Nordics and Europe. They focus on early-stage ventures with the potential to disrupt traditional industries.

85/ 110Grade A-

Investments

80

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
0 / 25
Deal Volume
30 / 30
Portfolio Outcomes
40 / 40
15
Industry & HardwareSoftware & Developer ToolsHealthcare & Life SciencesEnergy, Environment & MobilityArtificial Intelligence & DataConsumer, Lifestyle & Services+3 more
aisustainabilitynon-destructive-testingcustomer-servicejob-marketplacemultilingual+3 more

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.

85/ 110Grade A-

Investments

43

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
14 / 25
Deal Volume
27 / 30
Portfolio Outcomes
29 / 40
16

Conor Venture Partners

Series AFinland
Software & Developer ToolsEnergy, Environment & MobilityArtificial Intelligence & DataConsumer, Lifestyle & ServicesIndustry & HardwareFinance & Blockchain+3 more
behavioral-biometricsfraud-detectionmarketing-roimedia-planningpredictive-analyticsai+3 more

Conor Venture Partners invests in early-stage Nordic startups primarily in SaaS and Fintech, focusing on scalable business models that impact Healthtech and CleanTech sectors.

85/ 110Grade A-

Investments

19

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
15 / 25
Deal Volume
15 / 30
Portfolio Outcomes
40 / 40
17
Software & Developer ToolsEnergy, Environment & MobilityIndustry & HardwareHealthcare & Life SciencesCommerce & MarketingConsumer, Lifestyle & Services+3 more
automationcybersecuritysustainabilityaicloud-securitydata-privacy+3 more

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.

82/ 110Grade B+

Investments

120

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
1 / 25
Deal Volume
30 / 30
Portfolio Outcomes
36 / 40
18

Innovestor

SeedFinland
Software & Developer ToolsHealthcare & Life SciencesIndustry & HardwareEnergy, Environment & MobilityConsumer, Lifestyle & ServicesCommerce & Marketing+3 more
healthcareaibiotechsustainabilitymedical-deviceclinical-stage+3 more

Invests in early-stage companies with high growth potential, primarily in Finland and the Nordic region. Focuses on sectors like healthcare and technology.

82/ 110Grade B+

Investments

240

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
7 / 25
Deal Volume
30 / 30
Portfolio Outcomes
30 / 40
19

Tesi

SeedFinland
Software & Developer ToolsEnergy, Environment & MobilityIndustry & HardwareHealthcare & Life SciencesConsumer, Lifestyle & ServicesArtificial Intelligence & Data+3 more
sustainabilityaihealthcarer-dbiotechdiagnostics+3 more

Tesi (Finnish Industry Investment) is a state-owned investment company that invests in venture capital and private equity funds and directly in Finnish growth companies to promote economic growth and develop the Finnish venture ecosystem. They focus on sectors like deep tech, industrial transformation, health, and sustainability.

82/ 110Grade B+

Investments

169

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
4 / 25
Deal Volume
30 / 30
Portfolio Outcomes
33 / 40
20

Icebreaker VC

SeedFinland
Software & Developer ToolsIndustry & HardwareConsumer, Lifestyle & ServicesHealthcare & Life SciencesCommerce & MarketingFinance & Blockchain+3 more
aiworkflow-automationanalyticsenterprisedatacybersecurity+3 more

Icebreaker.vc invests primarily in early-stage (pre-seed to series A) deep technology startups across Finland, Sweden, and Estonia, with a focus on spacetech, defense, and cybersecurity sectors serving business and government clients.

82/ 110Grade B+

Investments

62

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
10 / 25
Deal Volume
30 / 30
Portfolio Outcomes
27 / 40
21

Green Angel Ventures

Pre-SeedFinland
Energy, Environment & MobilitySoftware & Developer ToolsHealthcare & Life SciencesArtificial Intelligence & Data+1 more
enterpriseai-scoringcandidate-evaluationvideo-interviewsapi-generationbrowser-automation+3 more

Green Angel Ventures invests in early-stage startups pioneering sustainable technologies and climate innovations to build a greener future. They focus on scalable solutions driving environmental impact and market growth.

82/ 110Grade B+

Investments

50

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
15 / 25
Deal Volume
16 / 30
Portfolio Outcomes
36 / 40
22

Bocap

Series C+Finland
Software & Developer ToolsFinance & BlockchainHealthcare & Life Sciences
automationcloudanalyticsdataiotbanking+3 more

Bocap is a Finnish venture capital firm that invests in early-stage software and developer tools companies. They focus on B2B solutions with high growth potential.

82/ 110Grade B+

Investments

18

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
14 / 15
Venture Signals
15 / 25
Deal Volume
30 / 30
Portfolio Outcomes
23 / 40
23

NordicNinja VC

Series AFinland
Software & Developer ToolsIndustry & HardwareEnergy, Environment & MobilityConsumer, Lifestyle & ServicesFinance & BlockchainHealthcare & Life Sciences+3 more
aisustainabilitydata-managementdataanalyticscybersecurity+3 more

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.

80/ 110Grade B

Investments

75

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
0 / 25
Deal Volume
30 / 30
Portfolio Outcomes
35 / 40
24

FOV Ventures

SeedFinland
Software & Developer ToolsIndustry & HardwareConsumer, Lifestyle & ServicesCommerce & MarketingHealthcare & Life Sciences+2 more
aimachine-learningartificial-intelligenceconsumer-techtechnologydesign+3 more

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.

80/ 110Grade B

Investments

36

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
14 / 25
Deal Volume
30 / 30
Portfolio Outcomes
21 / 40
25

Curiosity VC

SeedFinland
Software & Developer ToolsFinance & BlockchainConsumer, Lifestyle & ServicesCommerce & MarketingIndustry & Hardware+2 more
aianalyticsdatacybersecuritydata-managementmachine-learning+3 more

Curiosity VC invests primarily in early-stage Nordic tech startups focusing on SaaS and Fintech sectors. They aim to partner with founders driving innovative B2B and B2B2C business models to accelerate scalable growth.

78/ 110Grade B-

Investments

54

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
5 / 25
Deal Volume
30 / 30
Portfolio Outcomes
28 / 40

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. 52 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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