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Lifeline Ventures

Europe, Southern Finland, Finland, Helsinki

Description

Lifeline Ventures is a prominent early-stage venture capital firm based in Helsinki, Finland, established in 2009. Known for its team of serial entrepreneurs, the firm leverages its deep operational experience to identify and support promising startups, primarily as the first institutional investor. Lifeline Ventures has cemented its position as one of the most active and influential early-stage investors in the Nordic region, playing a crucial role in the development of the local startup ecosystem. Their investment philosophy is rooted in backing founders with strong teams and disruptive ideas, often in sectors where the partners themselves have significant expertise.

The firm's investment strategy is highly focused on early-stage companies across a diverse range of high-growth sectors, including deep tech, health, consumer applications, and gaming. Lifeline Ventures typically provides initial investments ranging from approximately $108,000 to $5.4 million, with a capacity for substantial follow-on funding to support portfolio companies through subsequent growth stages. This approach allows them to build long-term relationships with founders, offering not just capital but also strategic guidance, mentorship, and access to their extensive network. Their hands-on, founder-friendly approach is a hallmark of their investment style, aiming to be true partners in the entrepreneurial journey.

Lifeline Ventures has successfully raised multiple funds, demonstrating consistent growth and investor confidence. Their most recent fund, Lifeline Ventures Fund VII, closed in 2023 with a substantial €150 million, following the €130 million close of Fund VI in 2021. These significant capital pools enable the firm to maintain its active investment pace and support a growing portfolio. The firm boasts an impressive track record, having invested in over 100 companies, including several globally recognized success stories such as mobile gaming giant Supercell, food delivery platform Wolt, health tech innovator Oura, and satellite technology leader ICEYE.

Overall, Lifeline Ventures stands out as a cornerstone of the Nordic startup landscape. Its combination of experienced entrepreneurial partners, strategic sector focus, substantial funding capacity, and a proven track record of backing market leaders positions it as a highly sought-after partner for early-stage founders. The firm continues to be a driving force in fostering innovation and scaling technology companies from the Nordics onto the global stage.

Investor Profile

Lifeline Ventures has backed more than 175 startups, with 15 new investments in the last 12 months alone. The firm has led 62 rounds, about 35% of its total and boasts 19 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Series A, Series Unknown rounds (top funding stages).
  • Majority of deals are located in Finland, United States, United Kingdom.
  • Strong thematic focus on Software, Health Care, Apps.
  • Led 7 rounds in the past year.
  • Typical check size: $108K – $5.4M.

Stage Focus

  • Seed (49%)
  • Series A (15%)
  • Series Unknown (14%)
  • Series B (7%)
  • Pre Seed (6%)
  • Series C (3%)
  • Angel (2%)
  • Convertible Note (2%)
  • Grant (1%)
  • Series D (1%)

Country Focus

  • Finland (74%)
  • United States (13%)
  • United Kingdom (5%)
  • Hungary (2%)
  • Denmark (1%)
  • Ireland (1%)
  • Germany (1%)
  • Singapore (1%)
  • Norway (1%)
  • United Arab Emirates (1%)

Industry Focus

  • Software
  • Health Care
  • Apps
  • Biotechnology
  • E-commerce
  • Marketplace
  • Information Technology
  • Artificial Intelligence (Ai)
  • Hardware
  • 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 Lifeline Ventures frequently co-invest with?

First Fellow Partners
Europe, Southern Finland, Finland, Helsinki
Co-Investments: 9
Business Finland
Europe, Southern Finland, Finland, Helsinki
Co-Investments: 12
Reaktor Ventures
Europe, Southern Finland, Finland, Helsinki
Co-Investments: 7
Wave Ventures
Europe, Southern Finland, Finland, Helsinki
Co-Investments: 6
VTT Ventures
Europe, Southern Finland, Finland, Espoo
Co-Investments: 7
Illusian Family Office
Europe, Southern Finland, Finland, Helsinki
Co-Investments: 10
Tesi
Europe, Southern Finland, Finland, Helsinki
Co-Investments: 16
EQT Ventures
Europe, Stockholms Lan, Sweden, Stockholm
Co-Investments: 7
Inventure
Europe, Southern Finland, Finland, Helsinki
Co-Investments: 10
True Ventures
North America, California, United States, Palo Alto
Co-Investments: 6

Which angels does Lifeline Ventures often collaborate with?

MV
Europe, Southern Finland, Finland, Helsinki
Shared Deals: 3
LN
Europe, Southern Finland, Finland, Helsinki
Shared Deals: 3
RS
Europe, Southern Finland, Finland, Helsinki
Shared Deals: 3
MK
Europe, Southern Finland, Finland, Helsinki
Shared Deals: 3
IP
Europe, Southern Finland, Finland, Helsinki
Shared Deals: 9
MA
Europe, United Kingdom
Shared Deals: 2
OH
Europe, Finland
Shared Deals: 3
JE
North America, California, United States, San Francisco
Shared Deals: 8
DH
Europe, Gullbringusysla, Iceland, Reykjavík
Shared Deals: 4
CF
North America, California, United States, San Francisco
Shared Deals: 2

What are some of recent deals done by Lifeline Ventures?

Swarmia

Helsinki, Southern Finland, Finland

Swarmia develops a business management software that provides insights and tools to engineering leaders, managers, and teams.

Business DevelopmentInformation TechnologyProductivity ToolsSaaS
Series AJun 18, 2025
Amount Raised: $11,508,208
Ovido

Helsinki, Southern Finland, Finland

Ovido company specializes in supply chain and product data automation, with a focus on providing full product traceability.

Data Center AutomationSupply Chain Management
SeedJun 17, 2025
Amount Raised: $2,776,200
Inven

Helsinki, Southern Finland, Finland

Inven is a technology company that develops B2B SaaS solutions for M&A, private equity, and management consulting professionals.

Artificial Intelligence (AI)B2BInformation TechnologySaaS
Series AMay 28, 2025
Amount Raised: $12,648,536
Thor Dynamics

Orlando, Florida, United States

Thor Dynamics specializes in directed energy systems for drone and swarm defense to protect critical infrastructure and national security

AerospaceArtificial Intelligence (AI)Drone ManagementDronesLaserMilitaryRobotics
SeedMay 19, 2025
Amount Raised: $8,310,000
TILT Biotherapeutics

Helsinki, Southern Finland, Finland

TILT Biotherapeutics Ltd is the leading company globally working in the area of enabling tumor.

AppsBiotechnologyHealth Care
Series BMay 13, 2025
Amount Raised: $25,278,398
Bought

Helsinki, Southern Finland, Finland

Automated secondhand marketplace mobile application.

FashionMarketplaceSecondhand GoodsShopping
Pre SeedMar 26, 2025
Amount Raised: $1,500,000

Soldera enables renewable energy producers to earn additional income through an automatic guarantee of the origin trading system.

SeedMar 25, 2025
Amount Raised: $2,702,381
Steady Energy

Helsinki, Southern Finland, Finland

Steady Energy aims to decarbonize the energy-intensive heating industry starting with residential and district heating.

Renewable Energy
Series BMar 5, 2025
Amount Raised: $23,363,816
Ever (evercars.com)

San Francisco, California, United States

Ever is an automotive and technology company that helps its customers buy and sell high-quality electric vehicles.

AutomotiveE-CommerceE-Commerce PlatformsElectric VehicleRetailRetail Technology
SeedDec 31, 2024
Amount Raised: $13,500,000
Arctic Instruments

Espoo, Southern Finland, Finland

Arctic Instruments manufactures superconducting microwave amplifiers that helps to build larger quantum computers.

IndustrialManufacturingQuantum Computing
SeedDec 10, 2024
Amount Raised: $2,474,857