Voima Ventures

Voima Ventures is a venture capital firm based in Finland, founded in 2019. It invests in early-stage deep-tech startups across the Nordics and Baltics, spanning bio and new materials, medical technologies and life sciences, imaging and optics, IoT and electronics, robotics, software and ICT, and AI. It provides seed to Series A/B funding and partners with portfolio companies to accelerate growth, supporting science-driven ventures that address global challenges. Cornerstone investors include VTT Technical Research Centre of Finland and the European Investment Fund, with backing from Finnish private and institutional investors.

Niko Elers

Investor

Jenny Engerfelt

Investor

Mikko Kumpulainen

Partner

Inka Mero

Managing Partner

Veera Pietikäinen

Analyst

Past deals in Nordic Europe

StemSight

Seed Round in 2025
StemSight is a Finnish biotechnology company developing innovative cell therapies for treating blindness. Its proprietary platform uses induced pluripotent stem cells (iPSCs) and biomaterials, initially targeting rare diseases like limbal stem cell deficiency, with plans to expand to major corneal blindness conditions.

Betolar

Post in 2024
Betolar Ltd., established in 2013 and headquartered in Kannonkoski, Finland, specializes in transforming industrial waste streams from energy, mining, and forestry sectors into geopolymer concrete. The company offers a range of products including concrete mixes, soil stabilization materials, and serves clients across construction industries such as ground engineering, mining, landscaping, and building materials. Betolar's core mission is to facilitate the green transition in various industries by providing sustainable, low-carbon alternatives to traditional cement-based concrete.

Origin by Ocean

Seed Round in 2023
Founded in Finland in 2019, Origin by Ocean is a biorefining company that transforms invasive algae and farmed seaweed into valuable bio-based chemicals. Their patented process enables the production of sustainable ingredients for various industries such as food & beverage, cosmetics, and textiles. By harnessing marine biomass, they help reduce excess nutrients in oceans while creating livelihood opportunities for coastal entrepreneurs.

MVision AI

Seed Round in 2023
MVision AI specializes in developing artificial intelligence and machine learning technologies to enhance various cancer treatments. Founded in 2017 and headquartered in Helsinki, Finland, the company aims to improve treatment outcomes and reduce costs, particularly in developing countries.

SemiQon

Pre Seed Round in 2023
SemiQon is a Finnish startup spun out from VTT Technical Research Centre. It specializes in developing silicon-based quantum processors using novel semiconductor qubit technology, aiming to advance the scalability and sustainability of quantum computing.

Adamant Health

Seed Round in 2022
Adamant Health develops devices that measure and analyze motion and electromyography data to improve Parkinson's disease management. Its clinically validated tools provide detailed symptom insights, enabling healthcare professionals to optimize treatment plans for enhanced patient outcomes.

StemSight

Seed Round in 2021
StemSight is a Finnish biotechnology company developing innovative cell therapies for treating blindness. Its proprietary platform uses induced pluripotent stem cells (iPSCs) and biomaterials, initially targeting rare diseases like limbal stem cell deficiency, with plans to expand to major corneal blindness conditions.

Adamant Health

Pre Seed Round in 2020
Adamant Health develops devices that measure and analyze motion and electromyography data to improve Parkinson's disease management. Its clinically validated tools provide detailed symptom insights, enabling healthcare professionals to optimize treatment plans for enhanced patient outcomes.

Betolar

Venture Round in 2020
Betolar Ltd., established in 2013 and headquartered in Kannonkoski, Finland, specializes in transforming industrial waste streams from energy, mining, and forestry sectors into geopolymer concrete. The company offers a range of products including concrete mixes, soil stabilization materials, and serves clients across construction industries such as ground engineering, mining, landscaping, and building materials. Betolar's core mission is to facilitate the green transition in various industries by providing sustainable, low-carbon alternatives to traditional cement-based concrete.

Sofi Filtration

Venture Round in 2020
Founded in Finland in 2011, Sofi Filtration designs and manufactures advanced water cleaning solutions for diverse industries such as mining, metallurgy, oil & gas, and power generation. Its products include solids-free water provision for reverse osmosis, flue gas waste water treatment, cooling water treatment, and process water recycling.

Iiwari Tracking Solutions

Seed Round in 2020
Iiwari Tracking Solutions Oy, established in 2018 and located in Vuokatti, Finland, specializes in designing and developing indoor positioning and tracking solutions. The company offers advanced tools and software tailored for various industries, leveraging technology to enhance location accuracy and operational efficiency. Iiwari Tracking Solutions has acquired key licenses from VTT, enabling it to operate on a global scale. It maintains a presence in the Nordic region and the United States through a network of integrators, allowing it to effectively deliver its innovative services across these markets.

MVision AI

Seed Round in 2020
MVision AI specializes in developing artificial intelligence and machine learning technologies to enhance various cancer treatments. Founded in 2017 and headquartered in Helsinki, Finland, the company aims to improve treatment outcomes and reduce costs, particularly in developing countries.

Geyser Batteries

Seed Round in 2019
Founded in 2018 and headquartered in Vaasa, Finland, Geyser Batteries specializes in the development and manufacture of novel high-power ultra-durable batteries. These batteries are designed to withstand millions of cycles of ultra-fast charging and discharging, making them ideal for applications where speed and efficiency are critical. They are also environmentally safe, fire-resistant, and functional even at extreme temperatures.
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