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

Jakob Wikström
Alexader Silén
Lifeline Ventures
Seed round

Mobal

Mobal has raised a €2 million seed round. With the backing, Mobal is setting its sights on the international market, providing globally leading location marketing services and software solutions. The new funding marks the beginning of large-scale development, not only to serve their clients better but also increase their workforce exponentially.


Mobal

Business listings are replacing websites, and typically, it is the last thing a business owner will spend time optimizing. Mobal.io helps businesses get discovered online by providing the best services and SaaS solutions to help businesses ensure that their online presence is as accurate and effective as possible.

CEO: Jakob Wikström
Founders: Jakob Wikström & Alexader Silén

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2020
Founded
2021
Lifeline Ventures
Seed round
11/2021
Haydn Brooks
Daniel Saul
Lifeline Ventures
Seed round

Risk Ledger

Risk Ledger, building a new platform for supply chain risk management, has raised £2.1 million in seed funding. This investment will help Risk Ledger to grow the team and operations to fully capitalise on the heightened focus on supply chain security.

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Risk Ledger

Risk Ledger’s innovative secure ‘social network’ approach to supply chain risk management gives information security, compliance and procurement teams the tools to efficiently identify, measure, mitigate and continuously monitor supply chain risks at scale like never before while making it easy for suppliers to share data with clients and reduce their questionnaire burden.

CEO: Haydn Brooks
Founders: Daniel Saul, Haydn Brooks

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2018
Founded
2021
Lifeline Ventures
Seed round
10/2021
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

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

Timo Ahopelto, timo@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.