Nostetta Ventures

What Nostetta Ventures does

Nostetta Ventures Oy is a Kuopio-based venture capital firm and subsidiary of Nostetta Oy (founded 2013), operating since 2020 as the management company for regional early-stage investment funds in Eastern Finland. The firm manages two principal products: the North Savo Startup Fund (€10M, operational since June 2020, 11 portfolio investments as of 2024) and the South Karelia Growth Fund (€3.5M, officially launched February 12, 2026 in Lappeenranta), bringing total assets under management to €13.5M. Investment tickets range from €30,000-€150,000+ in South Karelia to €100,000-€500,000+ in North Savo, targeting pre-seed and seed-stage companies in health/wellness, cleantech, ICT, energy, and industrial technology with international growth ambitions.

The firm applies a sales-led and community-led go-to-market motion, sourcing deals through direct outreach, regional ecosystem events (Startup Summit Kuopio, Startup Summit Eastern Finland), and co-investment syndicates with business angels and institutional partners. Beyond capital, Nostetta provides portfolio companies with business development support, technology commercialization guidance, financing expertise, IPR advisory, customer/market mapping, and governance/contract law counsel. Revenue is generated through traditional VC fund management economics — management fees on committed/deployed capital and carried interest on successful exits — with anchor fund backing from the City of Kuopio, City of Lappeenranta, LähiTapiola Savo and Kaakkois-Suomi, OP Kaakkois-Suomi, and KPY Osuuskunta.

The operating team consists of two partners (CEO Noora Tuikka, Controller Minna Vanninen) supported by a 13-member board and advisory bench featuring PhD-level technology experts, exited entrepreneurs, and senior executives from LähiTapiola, Danske Bank, and Mondi Powerflute. Notable portfolio companies include Marginum (€2.5M Pre-Series A in Aug 2025, fluorescence-based cancer surgery device), Cleamix (patented decontamination technology with origins in Finnish Defence Forces research), Biopallo Systems (€600K, 2024, organic waste composting), EcoIntellect (€900K, 2023, circular economy binder), Rowly (rental SaaS), Kiho (field service management), and Vuoxi (cold plasma water treatment).

Name

Nostetta Ventures

Legal name

Nostetta Ventures Oy

Website

https://nostettaventures.com

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

1–10 employees

Short description

Nostetta Ventures is a Kuopio-based venture capital firm managing two regional early-stage funds in Eastern Finland: the €10M North Savo Startup Fund and the €3.5M South Karelia Growth Fund, totaling €13.5M AUM. It invests €30K-€500K+ in pre-seed/seed companies across health, cleantech, ICT, and industrial technology, offering capital plus commercialization, IPR, and governance support.

Ownership category

akta.pro rank

Product category

Venture Capital and Private Equity

NAICS

Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282)

akta.pro primary industry

Sector-Focused Venture Capital (Vertical Specialists) (FSANAAAD)

Keywords

• Venture capital funds
• Early-stage equity investments
• Portfolio company management
• Regional growth financing
• Startup syndication

Headquarters

HQ city

Kuopio

HQ country

Finland

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Fund Management: Nostetta Ventures generates revenue through managing regional venture capital funds (North Savo Startup Fund and South Karelia Growth Fund). Revenue comes from management fees and carried interest (performance fees) from successful portfolio company exits.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Nostetta Ventures is a Kuopio-based venture capital firm that manages two regional early-stage investment funds (North Savo Startup Fund and South Karelia Growth Fund), providing equity investments ranging from €30,000 to €500,000+ to early-stage growth companies in Eastern Finland. The firm supplements equity capital with active portfolio company services including business development support, technology commercialization assistance, financing expertise, IPR guidance, customer and market analysis, and corporate governance advisory. Revenue is generated through fund management fees and carried interest from portfolio company exits.

Product overview

Nostetta Ventures is a Kuopio-based venture capital firm managing two regional early-stage investment funds: North Savo Startup Fund (10M€) for North Savo and South Karelia Growth Fund (3.5M€) for South Karelia. The firm provides equity investments ranging from €30,000 to €500,000+ to early-stage companies with growth potential and international ambitions. Their product offering centers on fund management and active portfolio company support, including business development, commercialization, financing expertise, IPR guidance, and governance advisory services.

Differentiator

Problem solved

Functional benefit

Products and services

• North Savo Startup Fund A €10 million regional venture capital fund that invests €100,000 to €500,000+ in early-stage growth companies with international potential primarily in North Savo, Finland. The fund targets health and wellness, cleantech, ICT, energy, and industrial technology sectors and is anchored by the City of Kuopio with other regional investors.
• South Karelia Growth Fund A €3.5 million regional venture capital fund that invests €30,000 to €150,000+ in early-stage growth companies in or strongly connected to South Karelia, Finland. The fund focuses on green transition solutions, industrial innovations, and research-based startups, anchored by Lappeenranta city, LähiTapiola Kaakkois-Suomi, and OP Kaakkois-Suomi.
• Portfolio Companies Management Active post-investment portfolio support services for early-stage growth companies, including business development support, technology commercialization assistance, financing expertise and networks, IPR guidance, customer needs and market analysis, and corporate governance and contract law advisory.

Quantifiable outcome

• North Savo Startup Fund has invested in 11 companies as of 2024
• +1 more outcomes

Named customers8 records

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Twelve partnerships are on record, tiered core and minor.

• Pääomasijoittajat ry (Finnish Venture Capital Association)coreOthersNostetta Ventures is a member of Pääomasijoittajat ry and follows the association's Code of Conduct, transparency recommendations, and responsible investment principles. The firm adheres to IPEV valuation guidelines in reporting and company valuations.
• UN PRI (Principles for Responsible Investment)coreOthersNostetta Ventures follows UN Responsible Investment Principles in its operations, integrating ESG considerations throughout the investment process.
• Puolustusvoimat (Finnish Defence Forces) and VTT (Technical Research Centre of Finland)minorStrategic or Co-development PartnerCleamix originally developed its decontamination technology in cooperation with the Finnish Defence Forces and VTT for neutralizing biological and chemical warfare agents for military use
• Business Joensuu OycoreChannel Partner/ Reseller/ DistributorCo-organizer of Startup Summit Eastern Finland event
• Business Center Pohjois-SavocoreChannel Partner/ Reseller/ DistributorCo-organizer of Startup Summit Eastern Finland event
• Hub PanostamocoreChannel Partner/ Reseller/ DistributorCo-organizer of Startup Summit Eastern Finland event
• NovapoliscoreChannel Partner/ Reseller/ DistributorCo-organizer of Startup Summit Eastern Finland event and host venue at Kuopio Novapolis
• University of Eastern FinlandcoreChannel Partner/ Reseller/ DistributorCo-organizer of Startup Summit Eastern Finland event
• Business KuopiocoreChannel Partner/ Reseller/ DistributorCo-organizer of Startup Summit Eastern Finland event
• Savonia University of Applied SciencescoreChannel Partner/ Reseller/ DistributorHost venue for Startup Summit Kuopio 2026 at Kampussydän campus in Kuopio
• LAB-ammattikorkeakoulu (LAMK)coreChannel Partner/ Reseller/ DistributorPresence at Business Mill incubator in Lappeenranta for South Karelia Growth Fund activities
• Green Campus InnovationsminorChannel Partner/ Reseller/ DistributorRegional development organization mentioned as part of South Karelia ecosystem

Scale indicators6 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Butterfly Ventures: Finnish early-stage venture capital firm investing in deep tech and science-based startups. Comparable to Nostetta Ventures in size, stage focus (seed/early), and Nordic deep-tech deal sourcing, though with broader Nordic geography rather than regional focus.
• Lifeline Ventures: Finnish seed-stage VC focused on early-stage software and tech startups. Comparable to Nostetta in fund size, ticket range, and seed-stage Finnish focus, with a longer track record and broader portfolio.
• Innovestor: Finnish VC and venture debt firm managing multiple funds across early-stage and growth, including regional partnerships. Comparable to Nostetta in managing multiple Finnish regional/sector funds with public-private LP base.
• Maki.vc: Finnish early-stage VC focused on deep tech and science-driven startups. Comparable to Nostetta in early-stage, deep-tech orientation and Finnish Nordic focus, with larger fund vintages.
• Veraventure: Finnish VC firm investing in early-stage Finnish startups with international ambitions. Comparable to Nostetta in ticket size, stage focus, and Finnish early-stage investment thesis.
• Icebreaker.vc: Finnish early-stage VC investing in seed-stage Finnish startups. Comparable to Nostetta in fund size, stage focus, and Nordic seed investment strategy.

Broad incumbents

• Tesi (Finnish Industry Investment): Finnish state-owned investment company providing venture capital and private equity. Comparable to Nostetta as a Finnish VC with public capital backing, though Tesi operates nationally across all stages with much larger AUM.
• Nordic Capital: Large Nordic private equity firm with selective venture/growth investments. Comparable as a Nordic institutional investor backing Finnish growth companies, but operating at far larger scale and later stages.

Emerging players

• Springvest: Finnish public growth funding platform enabling retail investors to co-invest in growth-stage Finnish companies. Comparable to Nostetta in mobilizing capital for Finnish growth companies, though Springvest focuses on later-stage public offerings rather than seed.

Others

• Finnish Business Angels Network (FiBAN): Largest business angel network in Finland connecting investors with startups. Comparable to Nostetta in providing early-stage capital and networks to Finnish startups, but as an angel network rather than institutional VC.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/nostetta-ventures

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments3 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Nostetta Ventures