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Voima Ventures

Europe, Southern Finland, Finland, Helsinki

Description

Voima Ventures is a prominent Nordic deep tech venture capital firm based in Helsinki, Finland, dedicated to investing purely in startups with strong deep tech and scientific backgrounds. The firm primarily targets seed and early-stage companies emerging from universities and research institutions across the Nordics, Baltics, and increasingly, broader Europe. Their investment thesis centers on supporting groundbreaking innovations that leverage scientific breakthroughs to create significant societal and industrial impact, spanning areas such as new materials, artificial intelligence, quantum technologies, biotech, and optics.

Voima Ventures distinguishes itself through its team's profound scientific and entrepreneurial expertise, offering more than just capital. They provide hands-on support, strategic guidance, and access to a vast network of industry experts, researchers, and potential customers, which is crucial for the complex and long development cycles often associated with deep tech ventures. This approach helps portfolio companies navigate the journey from lab to market, accelerating their growth and commercialization efforts.

The firm has demonstrated significant growth in its funding capacity. Voima Ventures successfully closed its second fund, Voima Ventures Fund II, at €90 million in 2022, bringing their total assets under management to approximately €130 million. This capital enables them to make initial investments ranging from hundreds of thousands to a few million euros, with substantial capacity for follow-on rounds. To date, Voima Ventures has built a robust portfolio, having invested in over 30 deep tech companies, solidifying its position as a key player in the European deep tech ecosystem.

Investor Profile

Voima Ventures has backed more than 48 startups, with 11 new investments in the last 12 months alone. The firm has led 30 rounds, about 63% of its total and boasts 1 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Pre Seed, Series A rounds (top funding stages).
  • Majority of deals are located in Finland, Sweden, Germany.
  • Strong thematic focus on Biotechnology, Artificial Intelligence (AI), Software.
  • Led 7 rounds in the past year.
  • Typical check size: $108K – $2.2M.

Stage Focus

  • Seed (63%)
  • Pre Seed (13%)
  • Series A (13%)
  • Series Unknown (8%)
  • Series B (2%)
  • Post Ipo Equity (2%)

Country Focus

  • Finland (71%)
  • Sweden (13%)
  • Germany (4%)
  • Norway (4%)
  • Estonia (4%)
  • United States (2%)
  • United Kingdom (2%)

Industry Focus

  • Biotechnology
  • Artificial Intelligence (Ai)
  • Software
  • Life Science
  • Health Care
  • Machine Learning
  • Quantum Computing
  • Food And Beverage
  • Electronics
  • Medical
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Voima Ventures frequently co-invest with?

Icebreaker.vc
Europe, Southern Finland, Finland, Helsinki
Co-Investments: 3
Takoa Invest
North America, Minnesota, United States, Finland
Co-Investments: 2
Bust
Europe, Stockholms Lan, Sweden, Stockholm
Co-Investments: 2
Noaber
Europe, Gelderland, The Netherlands, Lunteren
Co-Investments: 2
Hoxton Ventures
Europe, England, United Kingdom, London
Co-Investments: 2
NV
North America, New York, United States, New York
Co-Investments: 2
European Innovation Council
Europe, Brussels Hoofdstedelijk Gewest, Belgium, Brussels
Co-Investments: 2
Almi Invest
Europe, Stockholms Lan, Sweden, Stockholm
Co-Investments: 2
Nordic Foodtech VC
Europe, Southern Finland, Finland, Helsinki
Co-Investments: 8
FTTF
Europe, Bayern, Germany, Munich
Co-Investments: 2

Which angels does Voima Ventures often collaborate with?

PL
Europe, Denmark
Shared Deals: 1
LN
Europe, Southern Finland, Finland, Helsinki
Shared Deals: 2
PL
Europe, Oulu, Finland, Oulu
Shared Deals: 3
HH
Europe, Cambridgeshire, United Kingdom, Cambridge
Shared Deals: 1
KO
Europe, Western Finland, Finland, Pori
Shared Deals: 1
LC
Europe, United Kingdom
Shared Deals: 1
LF
Europe, England, United Kingdom, London
Shared Deals: 1
RS
Europe, Stockholms Lan, Sweden, Stockholm
Shared Deals: 1
ST
Europe, Southern Finland, Finland, Helsinki
Shared Deals: 2

What are some of recent deals done by Voima Ventures?

Epigenica

Solna, Stockholms Lan, Sweden

Epigenica offers the EpiFinder™ platform for high-throughput epigenetic analysis and R&D services in therapeutic and diagnostic development.

BiotechnologyGeneticsLife Science
SeedJun 30, 2025
Amount Raised: $2,200,000
Hormona

London, England, United Kingdom

Hormona is a healthtech startup that utilizes AI and at-home testing to help women track, understand, and manage their hormone health.

Health CareHealth DiagnosticsWellnessWomen's
SeedMay 27, 2025
Amount Raised: $6,789,926
Alba Health

Stockholm, Stockholms Lan, Sweden

Alba Health provides digital gut health support to children based on AI and gut microbiome testing.

BiotechnologyWellness
SeedMay 27, 2025
Amount Raised: $2,500,000
Skyfora

Helsinki, Southern Finland, Finland

Skyfora provides improved AI Weather Forecasts, unique instruments and weather data collecting methods.

Air TransportationArtificial Intelligence (AI)Information TechnologyInsuranceLogisticsMachine LearningMarine TransportationRenewable EnergySolarWind Energy
SeedMar 3, 2025
Amount Raised: $4,165,447
StemSight

Tampere, Western Finland, Finland

StemSight is a cell therapy startup developing novel treatments for blindness operating in Tampere, Finland.

BiotechnologyHealth DiagnosticsTherapeutics
SeedFeb 13, 2025
Amount Raised: $2,395,130
AISTI

Jyväskylä, Western Finland, Finland

AISTI develops wood fiber-based acoustic tiles that are carbon negative, easy to recycle and plastic-free.

Building MaterialConstruction
Series ADec 12, 2024
Amount Raised: $30,373,298
Liquid Sun

Tampere, Western Finland, Finland

Liquid Sun is a new breed of green tech that converts CO2 into fossil-free fuels.

Power GridRenewable Energy
SeedNov 28, 2024
Amount Raised: $4,224,101
Avenue Biosciences

Palo Alto, California, United States

Avenue Biosciences is a transatlantic biotech business that specializes on innovative protein engineering technologies.

Biotechnology
SeedOct 22, 2024
Amount Raised: $2,500,000
ÄIO

Tallinn, Harjumaa, Estonia

ÄIO develops sustainable alternatives to animal fats, palm and coconut oil.

Animal FeedBiotechnologyCosmeticsFood and Beverage
Series ASep 24, 2024
Amount Raised: $6,826,573
Betolar

Kannonkoski, Western Finland, Finland

Betolar is a new materials startup specialized in new geopolymer-based carbon-neutral construction materials.

ConstructionMiningSustainability
Post Ipo EquityAug 28, 2024
Amount Raised: $2,614,257