Icebreaker.vc

Icebreaker.vc is a Helsinki-based early-stage venture capital firm with a strong focus on backing idea-stage teams across Finland, Sweden, and Estonia. The firm targets founders with deep domain expertise and a clear ambition to build globally competitive technology companies, particularly within the B2B software and deep tech sectors. Their investment philosophy centers on identifying promising ventures at their earliest stages, providing not just capital but also strategic guidance and access to a robust network.

The firm typically provides initial capital at the pre-seed and seed stages. Their first check sizes generally range from €150,000 to €800,000, designed to help founding teams validate their ideas and achieve initial traction. This capital is often complemented by hands-on support, including operational assistance, recruitment advice, and strategic planning, aiming to accelerate the growth of their portfolio companies. Icebreaker.vc emphasizes building a strong community among its founders, fostering collaboration and shared learning experiences.

Icebreaker.vc has demonstrated significant growth in its funding capacity over the years. They launched their first fund, Icebreaker Fund I, in 2017 with €20 million. This was followed by a €50 million Icebreaker Fund II in 2020, and most recently, an €80 million Icebreaker Fund III in 2023. This progressive increase in fund size underscores their commitment to the Nordic and Baltic startup ecosystem and their ability to support a larger number of promising ventures. To date, Icebreaker.vc has invested in over 100 companies, building a diverse portfolio of early-stage tech businesses. Their long-term vision is to help these companies scale internationally, leveraging their network and expertise to facilitate global expansion.