Voima Ventures Fund III

Voima Ventures

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Status

ACTIVE

Global HQ

Helsinki, Finland

Countries of investment

Finland
Sweden
Denmark
Norway
Estonia
Germany
Netherlands
United Kingdom

Investment stages

Pre-Seed
Seed
Series A

Industries

DeepTech
Life Sciences
Quantum
Materials
Hardware
Biotech
Advanced Manufacturing
ClimateTech

About
Voima Ventures is a Helsinki-based venture capital firm focused on backing Nordic and Baltic deep tech founders emerging from research institutions. Their focus spans deep tech, life sciences, quantum, materials, and hardware across Finland, Sweden, Denmark, Norway, Estonia, Germany, Netherlands, and United Kingdom. The firm supports deep tech founders from pre-seed through Series A stages.

Min check size: $540K
Max check size: $3.2M
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Investment Thesis

Voima Ventures is a pre-seed to Series A stage venture capital firm deploying capital across deep tech, life sciences, quantum, materials, and hardware sectors. They invest €500K to €3M in Nordic and Baltic deep tech startups emerging from research institutions and universities. The firm differentiates itself as the Nordic region's leading deep tech investor, backed by VTT Technical Research Centre of Finland, with unique access to Nordic scientific research infrastructure and IP.

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Manager's Experience

Founded in 2019 by Jussi Sainiemi (Managing Partner) and Mikko Kärkkäinen (Managing Partner) as a spinout from VTT Technical Research Centre of Finland. Team of investment professionals with deep expertise in Nordic deep tech commercialization. Manages Fund I (€40M) and Fund II (€70M) totaling €110M+ AUM. Backed by VTT, European Investment Fund, Business Finland, and Nordic institutional investors. Portfolio includes IQM Quantum Computers, Bluefors, Kyoto Fusioneering, Superlab Suisse, Zebra Fuel Cells, Iceye, and Fifth Element. The firm provides portfolio companies unique access to VTT's research infrastructure and Nordic scientific IP, having positioned itself as the leading investor for Nordic and Baltic deep tech spinouts across quantum, materials, life sciences, and hardware sectors.