Inventure
Inventure is a Helsinki-based seed and pre-seed venture capital firm investing across the Nordics and Baltics, leading €1–7M rounds from offices in Helsinki, Stockholm, and London. The firm manages four funds and has backed more than 100 companies.
- Company typePrivate
- Founded2005
- HeadquartersHelsinki, Finland
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Inventure does
Inventure is a Helsinki-headquartered venture capital firm founded in 2005 that invests at seed and pre-seed stages across the Nordics and Baltics. The firm manages four successive funds and operates from offices in Helsinki, Stockholm, and London, with a team of approximately 11 investment professionals. Inventure typically leads rounds in the €1–7M range and maintains the right to concentrated follow-on participation through later stages, as evidenced by recent participation in Lassie's $75M Series C and Algorithmiq's €18M quantum-computing round.
The firm has built a portfolio of more than 100 companies spanning consumer (Wolt, Lassie), autonomous mobility (aiMotive, acquired by Stellantis), deep tech and advanced materials (Canatu), and enterprise software (Kaisa). Its business model follows standard VC economics: management fees on committed capital across four funds, supplemented by carried interest on realizations, with InvestEU/EIB acting as an anchor LP in Fund IV. The firm differentiates on operator-investor talent, multi-stage follow-on capacity, and regional brand recognition earned over 20 years.
In 2023 the firm transitioned CEO responsibilities to Linus Dahg, and in 2025–2026 added Partner Magda Lukaszewicz (ex-Balderton) and COO Cristina Koehn, alongside a 20th-anniversary brand refresh. Fund IV reached final close in 2024, positioning the firm for an active deployment cycle through the late 2020s.
Inventure firmographics
Firmographics- Name
- Inventure
- Legal name
- Onventure Oy
- Website
- https://inventure.vc
- Company type
- Private
- Founded year
- 2005
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Inventure is a Helsinki-based seed and pre-seed venture capital firm investing across the Nordics and Baltics, leading €1–7M rounds from offices in Helsinki, Stockholm, and London. The firm manages four funds and has backed more than 100 companies.
- Ownership category
- akta.pro rank
Inventure industry classification
Industry- Product category
- Venture Capital
- NAICS
- Portfolio Management and Investment Advice (52394), Portfolio Management and Investment Advice (523940), Other Investment Pools and Funds (5259)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Early-Stage Venture Capital (Series A/B) (FSANAAAB)
- akta.pro secondary industry
- Venture Capital Fund-of-Funds / Multi-Manager Platforms (FSANAAAJ)
Keywords
Where Inventure is headquartered
LocationHeadquarters
- HQ city
- Helsinki
- HQ country
- Finland
- HQ region
- Europe
Offices3 records
Markets served
Inventure business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others
Revenue model
- Venture fund management (Funds I through IV): Inventure manages multiple venture capital funds (Fund I through Fund IV) backed by EU institutional capital (CIP for Funds I-II, EIF/EIB/EFSI for Fund III, InvestEU for Fund IV). Revenue model is not publicly disclosed in the sources; standard VC economics include management fees on committed capital and carried interest on exits. Portfolio exits generating realizations include Wolt (acquired by DoorDash 2022), aiMotive (acquired by Stellantis 2022), Canatu (public via SPAC merger with Lifeline), and Kaisa (majority stake acquired by Monterro in January 2026).
Go-to-market motion1 record
Distribution channels3 records
Marketing channels6 records
Inventure product offering
Product offeringCore offering
Inventure is a Nordic and Baltic venture capital firm that raises and manages multiple venture funds (Fund I through Fund IV) backed primarily by EU institutional capital, deploying capital as a lead investor into early-stage (pre-seed and seed) technology startups across the region with typical ticket sizes of €1–3 million. The firm supports portfolio companies with board representation, multi-round follow-on capital, and operator-level mentorship drawn from a partner bench with backgrounds at companies such as Rovio, Nokia, Goldman Sachs, Klarna, BCG, and Balderton Capital.
Differentiator
Problem solved
Functional benefit
Products and services
- Inventure Fund IV Fourth-generation Inventure venture capital fund, focused on leading Nordic and Baltic seed and pre-seed rounds with typical ticket sizes between €1-3 million (range €300k–€5m), with stated strategy of leading €1-7m inception rounds. The fund is supported by the InvestEU Fund and represents the firm's currently active deployment vehicle.
Quantifiable outcome
- First institutional investor in 87% of portfolio companies
- +2 more outcomes
Companies that use Inventure
Customer profileSegments3 records
Ideal customer profiles2 records
Inventure technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability1 record
Feature1 record
Inventure partnerships and signals
Strategic signalScale indicators7 records
Recent moves6 records
Expansion highlights5 records
Inventure competitors and assessment
Company assessmentDirect peers
- Creandum: Stockholm-based early-stage VC firm focused on the Nordics and Baltics. Highly comparable to Inventure in geography, stage focus, and the practice of leading inception rounds, with comparable ticket sizes and a similarly operator-led partner bench.
- Northzone: Stockholm- and London-based early-stage VC firm with deep Nordic roots. Comparable to Inventure on geography, stage, and generalist sector focus, with a larger fund platform and longer history.
- Balderton Capital: London-based early-stage European VC. Directly comparable to Inventure on stage focus, ticket size, and lead-investor posture, and is an active co-investor alongside Inventure (e.g., Lassie, Avenue Biosciences).
- Lifeline Ventures: Helsinki-based early-stage VC focused on Finnish founders. Direct Nordic peer to Inventure on geography, stage, and ticket size, often co-investing in the same Finnish dealflow.
- Heartcore Capital: Copenhagen-based early-stage VC focused on consumer, health, and enterprise software across the Nordics and broader Europe. Comparable stage and geography, and an active co-investor with Inventure (e.g., Capalo AI).
- byFounders: Nordic-Baltic early-stage VC backed by a network of Nordic tech founders. Closely comparable to Inventure on geography, stage, lead-investor posture, and 'founder-first' thematic positioning.
Broad incumbents
- Atomico: London-based European tech VC founded by Skype's Niklas Zennström. Overlaps with Inventure on European stage focus but operates at significantly larger fund sizes and across broader geographies.
- EQT Ventures: Stockholm-headquartered venture arm of EQT, investing across European tech. Comparable Nordic footprint and stage focus but with materially larger fund sizes and a broader sector mandate.
- Kinnevik: Stockholm-based investment company with deep Nordic roots and both venture and growth-stage exposure. Comparable Nordic geographic focus and an active co-investor alongside Inventure (e.g., Encube).
Regional players
- Almi Invest: Swedish state-backed early-stage investor focused on Swedish founders. Comparable on stage and Nordic geography, but primarily capital-availability oriented rather than operating as a fully lead-investing generalist like Inventure.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Inventure social profiles
Digital presenceInventure compliance and trust
Trust signalCompliance3 records
Inventure financial estimates
Financial estimateRevenue estimate
Valuation estimate
Inventure leadership team
Management profileNumber of profiles
Profiles11 records
Inventure funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Inventure M&A and investment
M&A and investmentM&A
Investments170 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Inventure
What does Inventure do?
Inventure is a Nordic and Baltic venture capital firm that raises and manages multiple venture funds (Fund I through Fund IV) backed primarily by EU institutional capital, deploying capital as a lead investor into early-stage (pre-seed and seed) technology startups across the region with typical ticket sizes of €1–3 million. The firm supports portfolio companies with board representation, multi-round follow-on capital, and operator-level mentorship drawn from a partner bench with backgrounds at companies such as Rovio, Nokia, Goldman Sachs, Klarna, BCG, and Balderton Capital.
Is Inventure a public or private company?
Inventure is a private company. It is classified as management employee owned and is currently operating.
When was Inventure founded?
Inventure was founded in 2005. It employs 11 to 50 people.
Where is Inventure based?
Inventure is headquartered in Helsinki, Finland, in the Europe region.
How does Inventure make money?
One revenue line is on record: venture fund management (Funds I through IV).
Who are Inventure's main competitors?
Direct peers on record are Creandum, Northzone, Balderton Capital, Lifeline Ventures, Heartcore Capital and byFounders. Broad incumbents are Atomico, EQT Ventures and Kinnevik. Almi Invest is listed as a regional player.
Does Inventure have an API?
No public API is recorded for Inventure.
What industry is Inventure in?
Inventure's product category is Venture Capital. Its primary akta.pro industry code is FSANAAAB, Early-Stage Venture Capital (Series A/B), with a secondary code of FSANAAAJ, Venture Capital Fund-of-Funds / Multi-Manager Platforms. Its NAICS code is 52394 and its SIC code is 6282.