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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New investments

Pre-seed round

Synergi

CEO: Antti Hämmäinen
Founders: Antti Hämmäinen, Harri Iisakka, Petrus Holm
Seed round

CurifyLabs

CEO: Charlotta Topelius
Founders: Charlotta Topelius, Niklas Sandler Topelius
Seed round

Hyperion Robotics

CEO: Fernando De los Rios
Founders: Fernando De los Rios, Ashish Mohite, Henry Unterreiner
Angel round

Focal

CEO: Tuomo Riekki
Founders: Tuomo Riekki, Andreas Stenman
Seed round

Droppe

CEO: Johannes Salmisaari
Founders: Johannes Salmisaari, Henrik Helenius
Series A

Mobal

CEO: Jakob Wikström
Founders: Jakob Wikström & Alexander Silén
Seed round

P2X Solutions

CEO: Herkko Plit
Founders: Herkko Plit, Jukka Juola
Seed round

Mjuk

CEO: Rickard Zilliacus
Founders: Rickard Zilliacus, Max Heino, Casper von Pfaler
Pre-seed round

Measurlabs

CEO: Teemu Myllymäki
Founders: Teemu Myllymäki, Kalle Lagerblom
Angel round

Flowrite

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

Spacent

CEO: Antti Tuomela
Founders: Antti Tuomela, Anssi Salonen, Eetu Ristaniemi, Jarmo Suominen

Portfolio events

Seed round

Spacent

The Fund makes a follow-on investment of EUR 95k in Spacent. The investment is a part of the targeted round of EUR 1m.


Spacent

Spacent is a Finnish proptech company specialised in enabling more effective space resource use of corporate and institutional clients. Spacent’s aim is to bring solutions for large occupiers in order to build adaptability, sustainability and efficiency in their space use. The company also works with property owners and operators in order to boost their income and customer base. Spacent is founded by real estate professionals who have wide experience in service architecture, real estate development and consultation.

CEO: Antti Tuomela
Founders: Antti Tuomela, Anssi Salonen, Eetu Ristaniemi, Jarmo Suominen

2019
Founded
2020
Lifeline Ventures
Seed round
11/2022
Seed round

Inven

Lifeline Ventures Fund IV invests EUR 1.25M of the targeted round of 1.5M at the post-money valuation of 6.25M. The Fund’s fully-diluted ownership (incl. option programmes and angel investments) is 20.0%. The Company is building an AI-based company database which enables its users to make high quality searches, clustering and market size analyses. Inven’s first customers are M&A professionals who are using Inven’s software to identify M&A targets faster and with substantially better results. The Inven team has identified a market opportunity of approx. USD 3BN.


Inven

Inven is a SAAS company helping M&A professionals find and analyze companies faster with the help of AI.

Founders: Niilo Pirttijärvi, Tommi Kupiainen, Ekku Jokinen

2022
Founded
2022
Seed round
10/2022
Exited

Ninchat

Ninchat was exited in October 2022.


Ninchat

Ninchat is a cloud based communication service for businesses. It can be used for team communication, customer service or live group discussions. Ninchat can be embedded anywhere the end users are – e.g. on a website, mobile site, application or a social media site.

CEO: Ville Mujunen
Founders: Ville Mujunen, Jari Jaanto, Antti Laakso, Heini Björk

2011
Founded
2013
Seed round
2022
Acquired
by Terveystalo
10/2022
Exited

Wolt

The acquisition of Wolt by DoorDash was closed on June 1st. The Fund has sold the first two released tranches (47%) of its Doordash shares in June and August resulting in 7,3 M€ proceeds and 3.8x multiple.

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Wolt

Wolt is a technology company building the one app for discovering and getting great food in your city. The Helsinki-based company has operations in +20 countries and +120 cities, serving food from over 10,000 restaurants with over 20,000 courier partners. The company was founded in 2014 and employs over 2,000 people. Wolt was acquired by DoorDash in 2022.

CEO: Miki Kuusi
Founders: Elias Aalto, Juhani Mykkänen, Lauri Andler, Mika Matikainen, Miki Kuusi, Oskari Pétas

2014
Founded
2015
Seed round
2016
Series A
Led by EQT Ventures
2018
Series B
Led by 83North
2019
Series C
Led by Iconiq Capital
2020
Funding round
From Iconiq, Highland, 83North, EQT Ventures and Goldman Sachs
2021
Funding round
Led by Iconiq Growth
2022
Acquired
by DoorDash
06/2022