Voima Ventures
Voima Ventures is a Helsinki-based deep tech venture capital firm founded in 2019 that invests from pre-seed through Series B in science-based startups across the Nordics and Baltics, managing €241M+ across four funds.
- Company typePrivate
- Founded2019
- HeadquartersHelsinki, Finland
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Voima Ventures does
Voima Ventures is a Helsinki-based deep tech venture capital firm founded in 2019 that invests exclusively in science-based startups across the Nordics and Baltics. The firm backs founders at the intersection of breakthrough research and commercial ambition, deploying capital from pre-seed and technology spin-off stages through Series A and occasionally Series B. Its investment focus spans eight verticals: life sciences, clean energy, advanced manufacturing, quantum & AI, sensing & diagnostics, imaging & optics, IoT & electronics, and new materials. The portfolio currently encompasses over 55 companies, including names such as Reduciner, Photoncycle, TheStorage, CubaseBio, Avenue Biosciences, Gosta Labs, Agate Sensors, Hormona, and StemSight.
Voima Ventures operates through a multi-fund structure: Fund I (€20M, fully owned by VTT Technical Research Centre of Finland, 19 investments, vintage 2019), Fund II Ky (€40M, 23 investments, vintage 2022), Fund III Ky (€81M), and Fund III AB (SEK 100M), both launched in Q3 2023. Fund III is classified as an Article 8 fund under the EU SFDR framework, promoting environmental and social characteristics. The management company, Voima Ventures Oy, is owned by the managing team, while the firm's deal flow is anchored by a deep relationship with VTT and the broader Nordic science ecosystem. The firm maintains offices in Helsinki (Maria 01) and Stockholm, is fully registered as an Alternative Investment Fund Manager (AIFM) under Finnish Financial Supervisory Authority oversight, and follows InvestEurope reporting and IPEV valuation guidelines.
The firm generates revenue through two principal streams: fund management fees levied on assets under management (totalling over €241M across four vehicles) and carried interest on successful portfolio exits. Its go-to-market relies on sourcing deals through VTT, Nordic university and research networks, direct founder outreach, and a public pitch-submission portal, followed by rigorous technical due diligence. Limited Partners include public sector investors (50%), family offices (12%), and private sector investors (38%), with cornerstone backing from VTT, the European Investment Fund (via InnovFin Equity / EFSI / Horizon 2020), and selected Finnish institutions. Geographic LP distribution is 43% Finland and 57% elsewhere in Europe.
Voima Ventures firmographics
Firmographics- Name
- Voima Ventures
- Legal name
- Voima Ventures Oy
- Website
- https://voimaventures.com
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Voima Ventures is a Helsinki-based deep tech venture capital firm founded in 2019 that invests from pre-seed through Series B in science-based startups across the Nordics and Baltics, managing €241M+ across four funds.
- Ownership category
- akta.pro rank
Voima Ventures industry classification
Industry- Product category
- Venture Capital
- NAICS
- Portfolio Management and Investment Advice (52394), Other Financial Vehicles (525990)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Micro-VC & Angel Funds (FSANAAAI)
Keywords
Where Voima Ventures is headquartered
LocationHeadquarters
- HQ city
- Helsinki
- HQ country
- Finland
- HQ region
- Europe
Offices2 records
Markets served
Voima Ventures business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Others
Revenue model
- Fund Management Fees: Voima Ventures generates revenue through management fees charged on the funds they manage. Fund I is 20 MEUR, Fund II is 40 MEUR, Fund III Ky is 81 MEUR, and Fund III AB is 100 MSEK.
- Carried Interest / Investment Returns: The firm generates returns through successful exits of portfolio companies, with carried interest representing a share of profits from successful investments. Fund I had 19 investments, Fund II had 23 investments, and Fund III has made multiple investments including Reduciner, TheStorage, Photoncycle, and others.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels4 records
Voima Ventures product offering
Product offeringCore offering
Voima Ventures is a Helsinki-based deep tech venture capital firm that invests in science-based startups in the Nordics and Baltics. The firm manages multiple funds (Fund I, II, III Ky, III AB) totaling €241M+ across more than 55 portfolio companies, providing growth capital from pre-seed through Series B to deep tech founders and technology spin-offs. The firm combines scientific diligence with entrepreneurial operational support to scale portfolio companies globally.
Product overview
Voima Ventures is a deep tech venture capital firm offering a suite of investment funds (Fund I, Fund II, Fund III) targeting scientific innovations in the Nordics and Baltics region. The firm provides investment capital ranging from pre-seed through Series B stages, with a focus on science-based deep tech companies in sectors including life sciences, clean energy, and advanced manufacturing. Fund III operates as an Article 8 fund under SFDR, promoting environmental and social characteristics. The investment strategy emphasizes portfolio companies with positive environmental or social impact, following good governance practices as defined by EU taxonomy objectives.
Differentiator
Problem solved
Functional benefit
Brands
- Voima Ventures Fund I: VTT Ventures portfolio fund focusing on spinoff companies from VTT Technical Research Centre of Finland
- Voima Ventures Fund II Ky
- Voima Ventures Fund III Ky
- Voima Ventures Fund III AB
Products and services
- Voima Ventures Fund I
- Voima Ventures Fund II Ky
- Voima Ventures Fund III Ky
- Voima Ventures Fund III AB
- Deep Tech Investment Services
Companies that use Voima Ventures
Customer profileNamed customers1 record
Segments3 records
Ideal customer profiles2 records
Voima Ventures technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Voima Ventures partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- VTT Technical Research Centre of FinlandcoreVoima Ventures has deep roots in VTT Technical Research Centre of Finland. Fund I is fully owned by VTT, and Voima Ventures manages Fund I comprising spinoff companies originating from VTT. VTT has transferred technology and IP rights as in-kind investments to portfolio companies like Reduciner. Voima Ventures also has access to VTT's research pipeline for deal sourcing.
Scale indicators4 records
Recent moves7 records
Expansion highlights5 records
Voima Ventures competitors and assessment
Company assessmentMarket position
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Voima Ventures social profiles
Digital presenceVoima Ventures financial estimates
Financial estimateRevenue estimate
Valuation estimate
Voima Ventures leadership team
Management profileNumber of profiles
Profiles9 records
Voima Ventures funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Voima Ventures M&A and investment
M&A and investmentM&A
Investments57 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Voima Ventures
What does Voima Ventures do?
Voima Ventures is a Helsinki-based deep tech venture capital firm that invests in science-based startups in the Nordics and Baltics. The firm manages multiple funds (Fund I, II, III Ky, III AB) totaling €241M+ across more than 55 portfolio companies, providing growth capital from pre-seed through Series B to deep tech founders and technology spin-offs. The firm combines scientific diligence with entrepreneurial operational support to scale portfolio companies globally.
Is Voima Ventures a public or private company?
Voima Ventures is a private company. It is classified as management employee owned and is currently operating.
When was Voima Ventures founded?
Voima Ventures was founded in 2019. It employs 11 to 50 people.
Where is Voima Ventures based?
Voima Ventures is headquartered in Helsinki, Finland, in the Europe region.
How does Voima Ventures make money?
Two revenue lines are on record. Fund Management Fees are the primary driver. The others are carried Interest / Investment Returns.
Does Voima Ventures have an API?
No public API is recorded for Voima Ventures.
What industry is Voima Ventures in?
Voima Ventures's product category is Venture Capital. Its primary akta.pro industry code is FSANAAAI, Micro-VC & Angel Funds. Its NAICS code is 52394 and its SIC code is 6282.