FOV Ventures

FOV Ventures is a Helsinki, Finland-based venture capital fund dedicated to investing in the nascent but rapidly expanding fields of Spatial Computing, the Metaverse, and Extended Reality (XR). Established with a clear focus on the earliest stages of company development, specifically pre-seed and seed rounds, FOV Ventures manages a fund of €20 million. This capital is strategically deployed to identify and support groundbreaking startups that are building the foundational technologies and applications for the next generation of immersive digital experiences. Their geographical base in Finland belies a global investment mandate, seeking out promising ventures worldwide.

The firm's investment strategy is characterized by its early-stage commitment and a defined check size. FOV Ventures typically deploys initial cheques ranging from €200,000 to €500,000, which translates to approximately $216,000 to $540,000 based on recent exchange rates. This range positions them as a significant early-stage backer for companies in their niche. Their portfolio, which includes over 15 investments to date, reflects a diverse array of companies pushing the boundaries in areas such as virtual reality hardware, augmented reality software, and metaverse platforms. They aim to be the first institutional capital for these innovative companies, providing not just funding but also strategic guidance and network access.

Founded by experienced venture capitalists Petri Rajahalme and Dave Haynes, FOV Ventures leverages their deep industry knowledge and extensive networks within the tech and venture capital ecosystems. Rajahalme brings a background in gaming and digital media, while Haynes has a strong track record in early-stage tech investing. Their combined expertise underpins the fund's ability to identify high-potential opportunities in a complex and evolving technological landscape. FOV Ventures positions itself as a hands-on partner, offering support beyond capital to help portfolio companies navigate product development, market entry, and subsequent funding rounds, ultimately aiming to accelerate the growth of the spatial computing ecosystem.