Supporting
resilient
founders

Our goal is to be the first person the entrepreneur reaches out to in times of trouble and joy.

We are a sector agnostic early-stage investor that wants to partner with founders from the very beginning of their journey and support them throughout their growth. Our team has global experience in building and scaling companies both as founders and in various CxO roles. We invest in ambitious and determined teams that can one day become industry leaders.

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Investment highlights

Anttoni Aniebonam
Verneri Jäämuru
Frans Lehmusvaara
Angel round

Veri / Human Engineering

CEO: Anttoni Aniebonam
Founders: Anttoni Aniebonam, Verneri Jäämuru, Frans Lehmusvaara
Mari Tenhunen
Jyrki Savela
Lauri Kurki
Seed round

Timegate Instruments

CEO: Mari Tenhunen
Founders: Mari Tenhunen, Lauri Kurki, Jyrki Savela
Aaro Isosaari
Karolus Sariola
Angel round

Flowrite

CEO: Aaro Isosaari
Founders: Aaro Isosaari, Karolus Sariola
Matti Rönkkö
Seed round

Cooler Future

CEO: Matti Rönkkö
Founders: Matti Rönkkö, Moaffak Ahmed
Pia Henrietta Moon
Angel round

Carbo Culture

CEO: Pia Henrietta Moon
Founders: Pia Henrietta Moon, Christopher Carstens
Tim Koschella
Puneet Gupta
Servesh Jain
Seed round

Kayzen

CEO: Tim Koschella
Founders: Tim Koschella, Puneet Gupta, Servesh Jain

Portfolio events

Ville Leppälä
Ville Lehto
Lifeline Ventures
Angel round

Huuva

Huuva, the platform powering virtual restaurants, has raised €1,05 million in funding and opened its first kitchen. With the help of this backing, Huuva is setting its sights already on the wider Helsinki area and, later in the fall, Central Europe.

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Huuva

Huuva is the next-generation virtual food court for commercial restaurants looking to optimize their food delivery business. In a nutshell, Huuva operates technology enabled kitchens in the most optimal locations for delivery food around cities. Restaurants can focus on the cooking, while Huuva takes care of everything else. This helps restaurants minimize costs and maximize returns from delivery food, while serving delicious dishes to eaters every single time.

CEO: Ville Leppälä
Founders: Ville Leppälä, Ville Lehto

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2021
Founded
2021
Lifeline Ventures
Angel round
09/2021
Kristian Ranta
Riku Lindholm
Albert Nazander
Series B
Led by Industry Ventures

Meru Health

Meru Health, which provides the most comprehensive online mental health solution for depression, burnout, and anxiety, has raised a $38 million Series B funding round. The new funding will be used to accelerate Meru Health’s U.S. nationwide expansion, broaden efforts to partner with healthcare payers and employers, and to expand access to a new coaching solution.

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Meru Health

Meru Health is a digital clinic treating depression and anxiety. The company’s goal is to make effective treatment widely accessible to people in need. Meru Health operates at the forefront of technology and medical science, using leading scientifically proven methods to redefine how depression and anxiety are being treated.

CEO: Kristian Ranta
Founders: Kristian Ranta, Albert Nazander, Riku Lindholm

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2016
Founded
2016
Lifeline Ventures
Angel round
2019
Seed round
Led by Freestyle Capital
2020
Series A
Led by Foundry Group
2021
Series B
Led by Industry Ventures
09/2021
Anttoni Aniebonam
Verneri Jäämuru
Frans Lehmusvaara
Seed round
Led by ProFounders,
Lifeline Ventures participated

Veri / Human Engineering

Veri has raised a $4 million seed round. With the new funding, the company will focus on further developing the product, scaling its team, and catering Veri to even more people. The roadmap for 2021 is jam-packed with new major features, an Android app and other improvements, such as the new UI update and building a data-driven recommendation engine.

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Veri / Human Engineering

Blood sugar is the most vital metric in your body. Each and every day your blood sugar levels affect your thoughts, mood, health, and longevity. The Veri app is the easiest way to track and stabilize your blood sugar. Veri’s mission is to empower others to take health into their own hands.

CEO: Anttoni Aniebonam
Founders: Anttoni Aniebonam, Verneri Jäämuru, Frans Lehmusvaara

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2019
Founded
2020
Lifeline Ventures
Angel round
06/2021
Herkko Plit
Jukka Juola
Lifeline Ventures
Seed round

P2X Solutions

Green hydrogen producer and Power-to-X technology pioneer P2X Solutions has completed its seed round of €2 million. The company has also completed the concept of the first industrial-scale green hydrogen production plant and begun its front-end engineering design. The plant is intended to be replicable elsewhere in Finland and around the world.

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P2X Solutions

As a developer of an emission-free welfare society P2X Solutions is a forerunner of the energy future – the company’s vision is to produce green hydrogen and refine it further into synthetic fuels in a cost-effective manner. P2X will construct a 20 MW electrolyzer plant, which runs on electricity produced by renewable energy and thus the final product will be green hydrogen. Part of the green hydrogen will be further refined utilizing Power-to-X technology.

CEO: Herkko Plit
Founders: Herkko Plit, Jukka Juola

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2020
Founded
2021
Lifeline Ventures
Seed round
05/2021

Compliance

AIFM license

We are a registered alternative investment fund manager (AIFM). We are supervised by the Finnish Financial Supervisory Authority.

FVCA membership

Lifeline Ventures is a member of the Finnish Venture Capital Association (FVCA) and follows the association’s rules and guidelines.

Reporting and valuation guidelines

We follow Invest Europe’s Investor Reporting Guidelines in our investor reporting. The valuation of the portfolio is done in accordance with the International Private Equity and Venture Capital Valuation (IPEV) Guidelines.

Our funds

Lifeline Ventures Fund I Ky (€28.8m)
Lifeline Ventures Fund II Ky (€17.1m)
Lifeline Ventures Fund III Ky (€57.0m)
Lifeline Ventures Fund IV Ky (€130.0m)

Funds’ investors

Pension companies: 25%
Funds of funds: 22%
Family offices: 22%
Public sector: 16%
Other asset managers: 4%
General Partners: 4%
Insurance companies: 3%
Private individuals: 3%
Foundations: 1%

Finland: 94%
Rest of Europe: 5%
Outside of Europe: 1%

Contact for media

Samuli Leppänen, samuli@lifelineventures.com

Responsible investment policy

Lifeline Ventures invests responsibly. We follow our responsible investment policy which means that not only economic aspects, but also environmental, social and governance (ESG) issues/opportunities as well as sustainability risks/opportunities are taken into consideration in investment decisions, due diligence and ownership activities. No investments are made if a potential portfolio company fails to meet the requirements of Lifeline Ventures’ responsible investment policy and there is no plan on how to address the ESG issues and sustainability risks. Where appropriate or deemed necessary, external advisors will be used for additional due diligence relating to ESG and sustainability risks. The evaluation of ESG and sustainability risks/opportunities is done on case-by-case basis and we focus on the matters that are relevant to the potential portfolio company and its operating environment. Sustainability risks mean environmental, social or governance events or conditions that, if they occur, could cause an actual or a potential material negative impact on the value of the investment.

Lifeline Ventures will not make any investments in companies focusing on any of the following: tobacco, nuclear energy, pornography, arms industry or arms trading, animal or human cloning, or gambling industry. In addition, we will not invest in companies or founders which we determine to operate unethically. We see ESG-related opportunities as a potential source of competitive advantage for a portfolio company and thus they have a positive impact on the investment decision.

Lifeline Ventures does not currently consider adverse impacts of investment decisions on sustainability factors within the meaning of Article 4(1)(a) of the EU Regulation 2019/2088 on sustainability‐related disclosures in the financial services sector. We act in accordance with the Article 4(1)(b) of the EU Regulation in question for the time being as there is uncertainty surrounding the content of the obligation set out in Article 4(1)(a) and because our adverse impact is likely to be very small or not measurable taking into account the size, the nature and scale of our activities and the types of financial products we make available. Lifeline Ventures intends to consider such adverse impacts when further information on the requirements is available.