About the Finland angel investor scene
As of August 2026, Datapile tracks 2,036 verified angel investors and venture capitalists in Finland. Sectors most represented: Technology, AI/ML, Fintech.
Datapile maintains a continuously verified database of 2,036+ angel investors and venture capitalists in Finland. The interactive list above shows the most active investors with role, firm, city, and direct LinkedIn profiles. Use the search and filters to narrow by industry, stage, or city — or read on for a deep dive into the Finland venture ecosystem.
Ten active angel investors in Finland
A sample of the 2,036 investors Datapile tracks in Finland. Verified emails and LinkedIn profiles are available in the full database.| Investor | Role | Firm | Focus | City |
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| Henri Kulvik | Chairman of the Board | Sifter Capital | InvestorAI/ML | Helsinki |
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| Antti Vilpponen | Founder | Private Family Office Fund, ARX Savonum | InvestorTechnology | Helsinki |
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| Antti Sekki | Principal Lecturer | Laurea University of Applied Sciences | PrincipalTechnology | — |
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| Arimatti Alhanko | Founder | StockBrain 247 / Alhanko Capital | InvestorAI/ML | — |
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| Riku Seppälä | Co-founder and General Partner | Icebreaker.vc | VC PartnerTechnology | Helsinki |
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| Olli Eklund | Chief Investment Officer | Tech Consulting Group TCG Oy | InvestorSaaS | Helsinki |
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| Timo Tirkkonen | Partner, Co-founder | Inventure | VC PartnerTechnology | Helsinki |
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| Juha Stenberg | CEO and Co-founder | eMabler, Open EV Charging Platform | InvestorTechnology | Helsinki |
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| Asko Hyttinen | CEO and Owner | Strategy First Ltd Oy, Strategic Advisory and Consulting | InvestorTechnology | Helsinki |
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| Timo Argillander | Managing Partner, Co-founder | IPR.VC | Managing PartnerTechnology | Helsinki |
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$1.1B
Capital raised (tracked)
The Finland funding landscape
Helsinki hosts SLUSH (25,000+ attendees). Business Finland grants cover up to 50% of project costs. FiBAN has 600+ angel members. World's highest per-capita gaming revenue. Strong in gaming, SaaS, and cleantech.
Inside the Finland venture ecosystem
Best for gaming, deep-tech, health-hardware, and B2B data founders. The Aalto University and Slush ecosystem — Slush is one of the world's largest founder events — produces strong technical teams, and generous non-dilutive grant funding from Business Finland extends runway. As across the Nordics, the small home market pushes companies to build for global markets from day one.
Top venture capital firms in Finland
The most active institutional investors funding startups in Finland, from pre-seed accelerators to growth-stage funds.
Lifeline Ventures
Seed specialist; early backer of Supercell, Wolt, and Oura
Icebreaker.vc
Community-driven pre-seed and seed investing
Maki.vc
Deep tech and brand-led early-stage companies
OpenOcean
Data and B2B software; founded by people behind MySQL and MariaDB
Inventure
Seed and Series A across the Nordics and Baltics
Tesi (Finnish Industry Investment)
State investor co-investing in funds and growth companies
Landmark startup deals from Finland
Notable funding rounds and exits that have shaped the Finland startup landscape.
Supercell
Tencent acquired a majority stake at an ~$8.6B valuation, 2016
Wolt
Acquired by DoorDash in an ~$8.1B all-stock deal, 2022
Oura
Smart-ring maker reported at a ~$5B valuation in 2024–25 rounds
Rovio
Maker of Angry Birds; acquired by Sega for ~$775M, 2023
Where venture capital flows in Finland
The sectors that attract the bulk of Finland-based venture funding and why.
Gaming
Supercell and Rovio make Finland one of the world's most successful mobile-games nations per capita.
Health & wearables
Oura's smart ring shows Finland's strength in sensor hardware and consumer health.
Deep tech & quantum
IQM (quantum computing) and a strong research base drive frontier deep-tech investment.
B2B data & SaaS
Aiven, Relex, and OpenOcean's roots reflect deep expertise in data infrastructure and enterprise software.
Tax incentives and deal structures in Finland
Tax incentives for angel investors
Finland does not currently have a dedicated angel investor tax deduction (a temporary scheme ran 2013–2016 and was not renewed). Instead, early-stage companies rely heavily on non-dilutive Business Finland grants and loans, and on co-investment from the state investor Tesi, which backs both funds and growth companies.
Common investment instruments
Convertible notes are common at pre-seed (often via the FiBAN angel network); priced rounds use shares in a Finnish Oy on standard Finnish venture templates.
Frequently asked questions about raising in Finland
Does Finland offer an angel investor tax incentive?
Not at present. Finland ran a temporary angel tax-deduction scheme between 2013 and 2016, but it was allowed to expire and has not been reinstated. Finnish angels therefore invest under ordinary capital-gains rules. The country instead channels significant public support into startups through non-dilutive Business Finland grants and loans and through co-investment by the state investor Tesi.
How do Business Finland grants help startups?
Business Finland is the government agency for innovation funding. It offers grants and soft loans that cover a large share of early R&D and internationalisation costs without taking equity, which lets founders extend runway and reach milestones before raising dilutive capital. Its non-dilutive funding is one of the most distinctive features of building a startup in Finland.
What is Slush and why does it matter?
Slush is a student-founded, volunteer-run startup event held in Helsinki each winter that has grown into one of the largest founder-and-investor gatherings in the world, drawing tens of thousands of attendees. It anchors Finland's startup community, connects local founders with global investors, and is a major reason the country punches well above its weight in venture.
Why is Finland strong in gaming and deep tech?
Finland combines a rigorous engineering-education system (led by Aalto University), a culture of technical depth, and celebrated exits — Supercell and Rovio in gaming, plus Oura in health hardware — that recycle talent and angel capital back into new startups. The same technical base supports a growing deep-tech and quantum-computing cluster, exemplified by IQM.
Recent funding rounds in Finland
The latest venture rounds raised by Finland-based startups — most recent activity August 2026. See who is deploying capital right now, then find the investors behind these deals.
See all Finland funding rounds →Angel investors by city in Finland
Drill into the cities with the most active angel investors and VC firms in Finland.
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