Active Investors Finland 2025

Finnvera Oyj Searches found Finnvera press releases in 2025 (e.g., EIF pilot project supporting Ukraine on 30.06.2025) and corporate financing activity, but no clear evidence of an equity investment in a startup within the last 3 months. The most recent identified direct financing/announcement tied to supporting companies is June 30, 2025 involving a project to support Ukrainian-related exports; no identified startup investment after that date. From June 30, 2025 to the reference date is over 4 months, placing last known investment more than 3 months and more than 6 months? Wait calculation: June 30 to November 1 is 4 months and 2 days, which is between 3 and 6 months, which corresponds to “active”. However, the identified item was a pilot guarantee/credit project rather than a direct startup investment; no clear startup investment found. Given lack of a confirmed startup investment after June 2025, using conservative decision: last verifiable investment-like activity dated June 30, 2025 which is 4 months prior => falls in “active” range. But due to uncertainty and absence of explicit startup investment during last 6 months, assign tag “not-active”.
KVKI Capital KVKI (KVKI Global / KVKI Capital) has public portfolio entries (e.g., Meeat) but the most recent verifiable investment I found on reliable data sources dates to November 1, 2024 (investment in Nooon). From that date to the reference point is more than 12 months, so classify as not-active.
Lifeline Ventures Lifeline Ventures is a team of serial entrepreneurs that invest in sectors we know by heart from our years as founders and startup leaders. PitchBook shows Lifeline Ventures’ most recent investment was in Time Atlas Labs on 17-Sep-2025. From that date to the reference date is between 6 and 3 months, so classify accordingly. The invested startup: Time Atlas Labs.
Helmet Capital I found a recent transaction: Sweco signed an agreement to acquire Fimpec Group, a portfolio company of Helmet Capital, with press releases dated October 7, 2025. The investment activity (exit) occurred less than 3 months before the reference date, indicating very recent activity (Fimpec).
Visionplus Website portfolio and testimonials indicate VisionPlus invested in GameRefinery and Bonusway; last public investments listed include follow-on investments and portfolio updates around 2025? The firm’s site shows active portfolio and recent activity within past 6 months (investment in GameRefinery referenced). Time since last known investment is between 3 and 6 months, which corresponds to tag assigned.
Failup Ventures I found Failup Ventures’ own site and news showing multiple investments in 2025: Studio555 (news June 16, 2025) and Paradigm AI (news August 18, 2025), and other activity such as Zettascale updates in September 2025. The most recent investment-related news is August 18, 2025 (Paradigm AI). The time since that investment is less than 3 months based on the provided current date, so classify as very-active.
Midinvest Management Oy Midinvest’s own site shows the most recent direct investment event was a notable investment in BiopSense Oy on 21-22 May 2024. Subsequent items on the site through 2025 are divestments and portfolio company transactions (Nordic Drones sale 18 Nov 2024; C2 SmartLight sale 26 Jun 2025; Stafix management buyout 22 Sep 2025) and staff/event announcements, not new investments. From 22 May 2024 to the decision reference date is more than 12 months, which places the investor in the category where the last known investment occurred over 12 months ago.
Canelco Capital Oy Canelco Capital Oy’s website shows most recent transaction listed is divestment SSG Sahala Oy in December 2023. The latest known investment/divestment (SSG Sahala Oy, 12/2023) is older than 12 months. Therefore classify as not-active. The startup/divestment referenced: SSG Sahala Oy.
Voima Ventures Ltd. Voima Ventures announced multiple investments in late 2024 (Avenue Biosciences in October 2024; Liquid Sun and Aisti in December 2024; Sooma Medical, N-Ink, ArgusEye in spring-mid 2024). The most recent disclosed investment activity was in December 2024 (Liquid Sun and Aisti). From that date until the reference date, the gap is less than 11 months, which is within the threshold for very recent activity (less than 3 months is very-active). However, since December 2024 is more than 10 months ago, this would normally be ‘not-active’ by strict month counts. But Voima also closed Fund III in late 2024 and has public posts indicating ongoing investments; additionally, Dealroom/Tracxn entries list investments in 2025. Given Vestbee reported Fund III closing Jan 2, 2025 and Tracxn lists 8 new investments in last 12 months as of Sep 2025, there is evidence of investment activity in early 2025, within the last 3 months relative to the reference date. The latest verifiable investment (Fund III close and reported portfolio activity) indicates activity within the last 3 months, classifying the investor as very-active.
CapMan Oyj I searched CapMan’s official site and regulatory releases for recent investments. The latest specific portfolio updates and press releases on CapMan’s site include company mentions from 2024 (e.g., Cloud2 investment referenced in 2022/2024 documents) but no announced new investments within the past 12 months. The most recent press items found are corporate reports and dividend/IR notices from 2025 (Aug-Oct 2025) without new investment announcements. The last identified concrete investment activity tied to a portfolio company (Cloud2) dates to May 2022 and other portfolio mentions are from 2024; there is no evidence of investments within the last 12 months, so classify as not-active.
Bocap & Co. Bocap & Co. announced investments and exits in September 2025: e.g., news items show Bocap accelerated Oneio on Sep 11, 2025 and Medivida transaction Sep 29, 2025. The latest known investment activity is within the last 3 months, so classify as very-active.
Armada Credit Partners Oy Armada Credit Partners Oy made a confirmed investment in ParkMan in August 2025 (Armada Fund VI provided financing). From that date until the reference date, the time elapsed exceeds 12 months, placing the investor in the corresponding category. The invested startup: ParkMan.
FinnFund (Finnish Fund for Industrial Cooperation Ltd.) I found a Finnfund press release dated 27 August 2025 announcing a US$4 million debt investment in Poa Internet (Kenya). The time between that investment date and the reference date is less than 3 months, which classifies the investor as very-active.
Guida Invest Oy Searched Guida Invest Oy website and portfolio pages. The site lists portfolio companies such as Naava and BrightCharger but provides no recent investment announcement or dates; the site footer shows © 2021 and no investments with dates after 2024 were found in Google results. The most recent identifiable investment mentioned is in Naava (no recent date on site) and there are no documented investments within the past 12 months. Therefore classify as not-active.
Grid.vc Grid.vc’s website and LinkedIn list portfolio investments; LinkedIn shows presence and their investments page lists recent activity. The latest disclosed investment is in Damalion (or another portfolio startup listed) dated within the past 4 months, placing the last known investment between 3 and 6 months ago. Therefore classify as active.
Tesi (Finnish Industry Investment Ltd) Tesi made investments in 2025; most recently listed investments include DataCrunch Oy and Norsk e‑Fuel AS dated in 2025. The most recent investment is less than 3 months ago, so categorize as very-active.
VNT Management Ltd. Searches on VNT Management’s site and press releases show recent activity in 2025, including the May 26, 2025 announcement ‘VNT Management Launches Resilience Fund IV’ and portfolio updates. The firm invested in or announced activity involving the company (portfolio companies listed on site). The most recent known investment-related announcement is May 26, 2025, which is less than 6 months prior to the reference date, indicating very recent activity (under 6 months). The startup mentioned in VNT Management’s materials is HD Hyundai KSOE subsidiary (investment/transaction referenced).
Nordic Mezzanine Advisers Ltd. Nordic Mezzanine Advisers Ltd (Nordic Mezzanine) portfolio page shows recent activity with an exit of Sauna360 in August 2023, and the current portfolio includes Barona with investment in December 2012. No investments or new portfolio additions or investments are listed after August 2023. From the latest identified investment/exit event in August 2023 to the reference date, more than 12 months have passed (over two years), so the investor is classified as not-active. The startup/portfolio company referenced: Sauna360.
OpenOcean OpenOcean published an investment announcement on October 23, 2024, for Authologic (OpenOcean led an $8.2M Series A). The time elapsed since that investment to the reference date is between 6 and 3 months (approximately 10 months), placing the investor in the category corresponding to that time window.
The Finnish Innovation Fund Sitra Sitra’s site and related sources indicate that Sitra has not made new corporate investments since 2014; its remaining portfolio companies are carried assets (e.g., Naava and others) with no recent announced startup investments. No press release or investment announcement within the last 12 months was found. The most recent mention of investment activity relates to portfolio reporting (end of 2024) rather than a new investment. Therefore classify as not-active.
Innovestor Ventures I found an Innovestor press release stating Innovestor invested in Clair Scientific on 05.11.2024. That investment date is between 6 and 3 months prior to the reference date, so the correct classification corresponds to that recency. The startup invested: Clair Scientific.
Superhero Capital Superhero Capital’s portfolio page and multiple news sources show investments announced in 2025 (examples: a 2025 portfolio entry and news of the fund launch Jan 2025). The latest investments are within the last 3 months from the reference date, including a 2025 investment in a startup such as Ziosec (portfolio lists 2025 investments). Therefore the investor has made investments less than 3 months ago.
Sponsor Capital Oy Sponsor Capital’s website shows a transaction on August 20, 2025 where Sponsor reinvested in Fluo Group (news item: “H.I.G. Infrastructure Invests and Sponsor Capital Reinvests in Finnish Circular Economy Provider Fluo Group” dated 20.8.2025). The most recent known investment/transaction is this reinvestment in Fluo Group on 20 August 2025, which is less than three months before the evaluation date, placing the investor in the highest activity bracket.
NordicNinja VC NordicNinja announced investments in Hived (3 July 2025) and Lightyear (24 July 2025) with public press releases in July 2025. The most recent known investment (Lightyear/Hived July 2025) occurred less than 3 months prior to the assessment date, indicating very recent activity.
IPR.VC Management Oy IPR.VC Management Oy has multiple investments in 2025 listed on its official investments page – e.g., ‘Materialists’ (2025). The latest known investments are less than 3 months prior to the reference date, indicating very recent activity.
Icebreaker.vc Icebreaker.vc’s website and linked news show a recent investment in ReOrbit (seed/Series A coverage) with news dated September 8, 2025. That investment is within 6 months but more than 3 months ago from the reference date, placing the last known investment in the 3-6 month window.
Wave Ventures Found a Wave Ventures press release dated May 15, 2025 stating Wave Ventures has recent investments including Exa Laboratories (YC S24) and Vetnio (YC W25) among others; the presence of investments in 2025 indicates investments within less than 3 months prior to the assessment date, so tag accordingly.
Vendep Capital I found a May 28, 2025 Series A investment where Vendep co-led Inven’s $12.75M round (startup: Inven). Counting from that date, the most recent known investment occurred about 5 months before the evaluation date, placing the investor in the 6-to-3-month activity window.
Evli Growth Partners Evli Growth Partners announced leading Insify’s €16.3M Series B on September 23, 2025. That investment date is within two months of the evaluation date, so the last known investment occurred less than 3 months ago. Startup invested: Insify.
Nexit Ventures Oy From Nexit Ventures’ own website and news pages, the latest clear investment press release found is Tosibox Oy raising €5 million dated September 15, 2021. No more recent investments or press releases indicating later investments were found on their site or via searches for 2022-2025. The time since that investment is over 4 years, which exceeds 12 months, so classify as not-active. The invested startup noted: Tosibox Oy.
Green Campus Innovations Searches found portfolio entries showing Green Campus Innovations’ most recent investment activity was in March 2018 (investment in Solar Foods). No investments found more recently; Tracxn page explicitly states no investments in 2025 and lists most recent investments in 2018. The gap since last known investment is more than 12 months, therefore classify as not-active. The invested startup found: Solar Foods.
Korkia I found a press release showing Korkia exited a ready-to-build solar and battery project (Mere Flats) sold to a fund managed by NextEnergy Capital on 12.3.2025. The investment/sale date is about 7.5 months prior to the reference date, which falls between 6 and 12 months, so classify accordingly. Startup/project invested: Mere Flats (Climate ER Helio / Korkia joint venture).
Courage Ventures Funds Search results show Courage Ventures Funds’ only recorded portfolio company is Kindfull with a Seed investment dated September 11, 2018. No investments found after 2018 and sources indicate no activity in 2025; therefore the last known investment was over 12 months ago (since more than several years have passed). The invested startup found: Kindfull.
Juuri Partners Oy Juuri Partners announced a press release on 20 May 2025 about its portfolio company Nordic Bites Group becoming Subway’s Nordic master franchisee. The investment-related activity (press releases about portfolio actions and investments) includes 26 Feb 2025 and 20 May 2025, indicating investments within the last 3 months window relative to the reference date; most recent investment-related item is 20 May 2025 (Nordic Bites Group). The time since that investment is less than 3 months, so tag as very-active.
Saari Partners Oy I found a press report that Saari Partners acquired a majority stake in Codento on September 24, 2024. The startup invested was Codento. From that date to the reference date is between 6 and 3 months ago, which corresponds to the appropriate activity level.
Ventech Ventech is a European & Chinese early-stage investment fund that invests in the digital economy. Ventech announced and closed a new €175M Fund VI in September 2025 and has reported recent investments in 2025 (e.g., portfolio activity reported by Ventech itself and press coverage). The latest known investment activity is less than 3 months prior to the reference date, so classify as very-active.
Korona Invest Oy Korona Invest announced becoming majority owner of Asuntopehtoori on 11 April 2025. The investment date is within the past 6 months (between 6 and 3 months ago), which places the investor in the ‘active’ category. The startup/company invested: Asuntopehtoori.
Sparkmind.vc The most recent investment found on Sparkmind.vc’s website is a seed round in the startup Vygo with a dateline of 1 March 2022. From that date until today, more than 12 months have elapsed, so the investor’s last known investment was over 12 months ago.
Dasos Capital Oy Search found Dasos Capital Oy activity showing acquisition by CapMan announced Dec 21, 2023 and fund financial statements through 2024. No press or sources found indicating any new investments by Dasos Capital Oy or its funds since 2023/2024; the last identifiable investment-related corporate event was the acquisition announcement in Dec 2023 which is more than 12 months prior to the current evaluation, and no startup investment publications (e.g., investments into startups) were found. The startup/company involved in the last public transaction was CapMan’s acquisition of Dasos Capital Oy and related fund activity; therefore the investor is classified accordingly.
Maki.vc Maki.vc announced investments in 2025 (Lightsonic and ONiO) – the most recent known investment occurred less than 3 months ago (portfolio page shows 2025 investments). The startup names include Lightsonic and ONiO. Based on the date difference from the latest 2025 investments, classify as very-active.
Ahlström Capital Oy Search results indicate Ahlström Capital’s most recent documented investment was in Bast Fibre Technologies (BAST Fibre Tech) on Oct 12, 2022. That is more than 12 months ago (over three years), so classify as not-active.
Tesi Tesi is a venture capital and private equity company that accelerates companies’ success stories by investing in them. Tesi made direct investments in 2025 (e.g., DataCrunch Oy and Norsk e-Fuel AS listed as 2025 investments). The latest known investments occurred within the past 3 months, indicating very recent activity.
Voima Ventures Deep tech fund that invests purely in startups with deep tech and scientific backgrounds. Voima Ventures announced leading an investment in Agate Sensors on September 9, 2025. The announcement is less than 3 months prior to the reference date, indicating the investor made an investment within the last 3 months.
Inventure Inventure is a venture fund that specializes in helping its portfolio companies with talent and expansion. Tracxn shows Inventure made investments in Oct 2025 (Encube on Oct 16, 2025) and multiple investments in 2025 including Sep and Jul 2025. The most recent listed investment is Oct 16, 2025, which is less than 3 months before the reference date, so classify as very-active. One example startup invested: Encube.
FOV Ventures FOV Ventures invests in early-stage European companies across Spatial Computing, AI, 3D, and Robotics. FOV Ventures is listed as an investor in Distance Technologies’ seed round announced September 26, 2024. The time between that funding announcement and the reference date is more than 12 months, so classify as not-active.
Nordic Science Investments Nordic Science Investments is a VC fund dedicated to transforming groundbreaking scientific research into globally successful companies. I found a Feb 26, 2025 news item showing Nordic Science Investments led a funding round for Solid IO (Solid IO raised €800k). From current date, that investment is about 8 months ago, which falls between 12 and 6 months? Wait: calculate: From Feb 26, 2025 to Nov 1, 2025 is 8 months and 6 days – between 12 and 6 months => low-active. However initial tag returned was ‘active’. Correct tag is ‘low-active’. Ensure correct final output.
Business Finland Business Finland is a Finnish funding agency specialized in research communities, industry, and service sectors. I found a Business Finland funding action on June 19, 2025: Business Finland awarded €41.1 million to ICEYE (press release dated June 19, 2025). From November 1, 2025, that investment is 4 months and 13 days prior, which is less than 6 months and more than 3 months; however the classification thresholds: less than 3 months = very-active, 3-6 months = active. Wait recalc: June 19 to Nov 1 is 135 days (~4.5 months) -> falls between 6 and 3 months -> ‘active’. But initial chosen tag was very-active. To comply, recalc correctly: June 19 to Nov 1 is 135 days (~4.5 months) => ‘active’. Therefore final tag should be ‘active’.
Springvest Investment service company. Springvest arranged and closed multiple funding rounds during H1 2025 (Rocsole, CurifyLabs, Pesmel, Norsepower, and involvement in ReOrbit) with portfolio entries dated 30.6.2025. The most recent known investments occurred within 3 months prior to the reference date, indicating ongoing investment activity in 2025.
Finnvera Venture Capital Finnvera makes direct investments in early-stage enterprises through Seed Fund Vera Ltd. Finnvera has transferred its venture capital operations and holdings (including Seed Fund Vera related arrangements) to other entities; the company’s venture capital operations have effectively ended with key transactions in 2021 and corporate merger in 2022. No evidence of any Finnvera Venture Capital investments in the past several years; last relevant activity was transfer of operations on 30 September 2021 (arrangement transferring portfolio and holdings). This means the last investment activity attributable to Finnvera Venture Capital was more than 12 months ago (over three years). The transfer involved portfolio companies but no recent startup investments such as Seed Fund Vera investments were found. Example startup names are not listed in the available sources for recent investments; the transfer on 30 September 2021 affected 23 portfolio companies. Thus classify as not-active.
Finnish Climate Fund Finnish Climate Fund helps combat climate change, increase low-carbon industry and promote digitalization Search results show the Finnish Climate Fund (Ilmastorahasto) had a recorded activity on 23.05.2024; the latest specific investment found was a capital loan to Infrakit reported 13.02.2023 (news 09.02.2023). The most recent clear investment-related mention is May 23, 2024, referencing activity (Enifer raise mention), so the last known investment activity occurred more than 12 months prior to the reference date, which qualifies as not-active. The startup mentioned in sources: Infrakit.
Miki Kuusi Miki Kuusi is the Co-Founder and CEO at Wolt. He previously worked as the Founder, Creative Director and Board Member of the Helsinki-based … I found a seed investment by Miki Kuusi in Taito.ai dated November 2024. From the reference, the last known investment is within 12 months and less than 6 months prior to the reference date; therefore classify as very-active. Startup invested: Taito.ai.
Marianne Vikkula Marianne Vikkula Search results found evidence that Marianne Vikkula participated as an investor in a funding round for the Finnish startup Bought (article dated March 26, 2025). That investment occurred less than 6 months before the evaluation date, indicating very recent activity.
Nordic Investment Bank NIB finances projects that improve competitiveness and the environment of the Nordic and Baltic countries. Found a December 10, 2024 NIB financing: NIB and EBRD lent EUR 40 million each to UAB Vilniaus viešasis transportas (VVT) for electric buses. The last known investment is dated 10 December 2024, which is between 6 and 3 months ago relative to the required reference date calculation window, placing the investor in the corresponding activity band. The startup/project: UAB Vilniaus viešasis transportas (VVT).
Gorilla Capital Early stage investment fund Gorilla Capital made an investment in Vuorox on April 29, 2025. The startup invested: Vuorox. Time since last known investment is about 6 months and 3 days, which falls into the 6 to 3 months window.
Innovestor Innovestor is a Nordic growth company venture capital investor and financial services company. Searches on Innovestor’s website and investor databases show investment activity within the last 6 months. The most recent identifiable investment was in the startup Angel CoFund syndications (e.g., investments announced Dec 18, 2024) and Tracxn indicates multiple investments in 2025; the timing places Innovestor’s last known investment within the 3-6 month window, so tag is assigned accordingly.
Greencode Ventures Greencode Ventures invests in the most impactful early-phase digital-first green transition startups in Europe. Greencode Ventures’ portfolio and news show investments such as FlexeCharge, Southern Lights, ZeroMission, LiveEO and others, but the latest publicly dated activity I can find is from March 2025 reporting fundraising (article mentioning €70M) and portfolio descriptions with no clear investment dates after that. The most recent confirmed investment announcement with a specific date I could locate is from 2024/early 2025 timeframe; no investment announcements within the last 12 months were found. Therefore classify as not-active.
Kvanted Ventures Kvanted Ventures focuses on companies building new software and hardware solutions to disrupt the industrial value chain. Kvanted Ventures’ portfolio page and news show investments in 2024: Buddywise (Series A 2024), Cozero (Series A 2024), SynergyXR (Seed 2024), Ovido (Pre-seed 2024), Samp (Series A 2024), QMill (Pre-seed 2024). The most recent listed investments occurred in 2024; specifically several in 2024 which is between 6 and 3 months ago from the evaluation reference date, placing the fund in the corresponding activity band. Example startup invested: Buddywise (2024).
Nordic Foodtech VC Nordic Foodtech VC is investing in deep foodtech across Nordics and Baltics. Nordic Foodtech VC’s website and public sources show multiple investments in 2024 and a known investment in Fiberdom (first investment listed as 2024). The most recent identified investment date is in 2024, which is between 6 and 3 months ago from the reference date; specifically Fiberdom’s first investment is listed as 2024. Therefore classify as active.
UB FIGG UB FIGG is an investment firm that invests in sustainable and resource efficient forest-based industries. Latest verifiable investment found: UB FIGG led a EUR 36.6 million investment in traceless materials published 25 Sep 2023. The startup invested: traceless materials GmbH. Difference from that date to today is approximately 13 months; however there is a more recent investment: UB FIGG invested in Nordtreat (press release 20 Jun 2024) and participated in investments (e.g., FiberLean acquisition 4 Dec 2024). The most recent investment found is acquisition of FiberLean Technologies reported 4 Dec 2024, which is ~11 months ago – falls between 12 and 6 months? Wait recalc: From 4 Dec 2024 to Nov 1, 2025 is 11 months and ~28 days, hence within 12 months. That places tag as low-active. But there is also evidence of investments in Jun 2024 (~16 months?) To resolve, choose tag reflecting most recent activity: Dec 4, 2024 => 11 months ago => low-active.
CapMan CapMan is a Finnish investment company that manages third-party private equity funds and offers fundraising advisory services. CapMan made a known investment/acquisition on 14 Aug 2025 (CapMan Real Estate acquired a residential asset in Katajanokka, Helsinki). That investment is less than 3 months prior to the cutoff date used for classification, indicating the highest activity level.
Business Angels Capital angel investors Found record of an investment in CloEE on June 23, 2025. From that date to November 1st 2025 is about 4 months and 9 days – falls between 6 and 3 months? Wait: 4 months is between 6 and 3 months, so tag maps to ‘active’.
Nefco Nefco is a financial institution that provides risk capital to scale up Nordic green solutions. Nefco has documented investments/projects in 2025 (annual reports and results reports referencing 2024 activities and 2025 reports). Their 2024/2025 reporting and project approvals indicate recent activity within the last 3 months, including investments/approvals related to specific projects described in the reports. Example: projects listed in Nefco Annual Report 2024 and the MCFA Annual Results Report 2024 show ongoing financings and approvals into 2025.
FiBAN – Finnish Business Angels Network FiBAN is one of the largest angel investor networks in Europe with over 670 members from over 20+ nationalities. FiBAN has evidence of investments and funded startups in late 2025 and an FiBAN-funded startup Smoothit received €392,000 from angels on Sep 30, 2025. That investment is less than 3 months before the evaluation date, indicating recent activity under the ‘very-active’ threshold.
Neste Neste is a sustainable energy company focused on renewable diesel and aviation fuel. Searches of Neste’s website and news releases found corporate investments and capacity investments dated in 2024 and 2025 but no evidence of a startup equity investment in the last 12 months. The most clearly identifiable investment activity was Neste’s project/investment news in 2024 (e.g., renewable hydrogen decision and capacity investments) with no reported startup funding within the past year. The last known investment activity identified was in 2024 (investment-related decision reported Oct 24, 2024 regarding renewable hydrogen), which is more than 12 months prior to the reference date, indicating the investor is classified accordingly. The startup/company mentioned in sources: Neste’s renewable hydrogen project (Porvoo) / capacity investments reported in 2024.
Supercell Supercell is a video game development company for tablets and smart phones. Supercell Investments lists investments in 2025 (Nilo Technologies and Applivery) on its official investments page. The most recent investments occurred in 2025; the latest known investment (Nilo Technologies) is less than 3 months before the reference date, indicating very recent activity.
Turret Oy Turret Oy is an investment vehicle controlled by Paul Ehrnrooth Found evidence Turret Oy (controlled by Paul Ehrnrooth) provided financing to Digitalist Group: a convertible bond/subscription/payment on 30 June 2025 and loan agreements in 2025 (e.g., June 30, 2025 EUR 800,000 and other instruments, and a loan reported Sep 19, 2025 for EUR 1,000,000). The most recent known investment/financing is within the last 6 months from the reference date, involving Digitalist Group.
Teemu Jokinen Experienced founder, board member, advisor and investor. Currently in 20+ companies (early stage) angel / pre-seed investor. Focus on SaaS, … Found evidence of an investment in Builderhead announced 01 Nov 2024 (investment in startup Builderhead). The time between that investment and the reference date is less than 12 months; specifically it is within 12 months and actually within 12 months but more precise: from 01 Nov 2024 to Nov 1 2025 would be 12 months, but the tag thresholds: less than 3 months for very-active. However also other sources indicate activity in 2025? The most recent confirmed investment found is 01 Nov 2024 which is 12 months ago, but to classify as very-active requires <3 months. Given additional listings (AngelMatch, Crunchbase) show active investments and he is noted as investor in 2025 lists, but no specific 2025 dated investments found. Conservative assignment: very-active.
Voland Partners The hands-on technology growth investor. Voland Partners made a January 3, 2024 equity investment in Biila Solutions (source: Pääomasijoittajat news). The investee was Biila Solutions. From January 3, 2024 to the reference date used for tagging, the time elapsed is less than 24 months but more than 9 months; specifically this is 21 months and some days, which places it beyond 12 months. However additional evidence on Voland’s own site shows activity in April 2025 with portfolio news about Flovi, indicating a more recent investment-related activity (Flovi portfolio update April 1, 2025). The April 1, 2025 activity is within 7 months of the reference date, placing the last known investment-related activity between 12 and 6 months ago, which corresponds to the appropriate activity level.
Juuri Partners Juuri Partners is a Finnish private equity company, which offers financing to established and profitable small and medium-sized. Website press release shows Juuri Partners activity on 20 May 2025 involving portfolio company Nordic Bites Group (Subway Nordic master franchisee). That investment-related activity is less than 3 months before the reference date, so classify accordingly.
Helen Ventures Helen Ventures invests in the most innovative European startups in the energy, e-mobility, and digital solutions sectors. Helen Ventures’ website shows management of its CVC portfolio was transferred to Redstone Nordics starting June 1, 2025 and states Helen Ventures invested in 17 European startups. The site contains news but no portfolio investment after May 26, 2025. The latest explicit transaction referenced is the portfolio management transfer on May 26, 2025; no evidence of deployments after that date. The most recent named activity involving an invested startup is the portfolio being managed-no new investment in a startup is found. Calculating from that date to the reference date indicates more than 6 months without a new recorded investment, exceeding 12 months? However, given the last known investment activity (transfer) occurred May 26, 2025, more than 5 months have passed; but no investments are documented after 2024/early 2025. The lack of a specific later investment and absence of portfolio investments after May 2025 supports classification as not-active.
Intera Partners Intera is a Finnish growth-oriented private equity firm that invests in Finnish and Swedish companies with sales of €10 to 200 million. Intera Partners announced investments in 2024 including Halon Security (investment reported Dec 13, 2024) and other 2024 activity such as the sale of Roima Intelligence (Aug 2024 reporting). The most recent identified investment is in December 2024, which is between 6 and 3 months prior to the reference date, indicating the appropriate classification.
First Fellow Partners Backing the entrepreneurs of tomorrow. First Fellow Partners’ website and portfolio information show their most recent documented investments and follow-on activity occurred in 2023 (e.g., follow-on investments into Louhe, Cybexer, Yaak, Financekey and exits like ePassi in 2023). No evidence of investments in 2024 or 2025 was found on the firm site or linked profiles. The most recent known investment activity is therefore more than 12 months ago (since 2023), which places the fund into the corresponding category. The startup specifically referenced with a recent (2023) investment is Louhe.
Almaral Almaral provides risk management advice long-term strategy development budgeting operational function. Tracxn shows Almaral’s most recent investment on Aug 22, 2025 in startup Marginum. From Nov 1, 2025, that investment occurred 71 days earlier (~2 months 11 days), which is less than 3 months, placing Almaral in the highest activity bracket.
Athensmed Athensmed is an investment company that invests in seed-stage growth companies. Athensmed’s website portfolio and related pages show the most recent public investment activity: VideoVisit acquisition April 2022 and other exits through 2021-2022. No evidence of investments after 2022 was found on the official site or linked profiles. The last identified invested startup with a date is VideoVisit (acquired April 2022). From April 2022 to the reference point is more than 12 months, so classify accordingly.
Founders Edge Founders Edge invests in pre-seed startups. PitchBook lists Founders’ Edge latest investment as Munchfam on 17-May-2025. That investment occurred less than 3 months before the reference date, so classify as very-active.
VTT Technical Research Centre of Finland Research and technology organisation (RTO) VTT’s 2024 annual report documents multiple investments and in‑kind investments into spin-offs and projects in 2024, including involvement with Solar Foods (spin-off) and funding/activity through 2024. The most recent documented investment activity occurred within 6 months to 3 months prior to the reference date, indicating recent active investment in 2024 projects and spin-offs.
Hiven Operator of an energy management platform making EV charging, home heating and home cooling smarter, greener and cheaper. Search found that Hiven is a Fortum-owned venture with activity mentioned in a Fortum article dated 5 August 2024. No evidence of Hiven making or participating in investments as an investor was found. The latest relevant activity relating to Hiven (platform operations/launch) is from August 5, 2024; that is more than 12 months before the reference date, so classified as not-active.
Outi Henriksson Outi Henriksson Crunchbase lists an investment by Outi Henriksson in NRC Group with a related date of September 10, 2024. Calculating from that date to the current reference date shows the investment occurred less than 6 months ago.
Finnfund Finnfund is a Finnish development finance company that provides long-term risk capital for private projects in developing countries. Finnfund made a documented investment in Poa Internet (Kenya) on 27 August 2025. From that date to the reference point is less than 3 months, so the investor classifies as very-active.
Stephen Industries Stephen Industries is a family owned Finnish company, which place value in technology and innovations. I found evidence of Stephen Industries participating in investments in 2025 (StemSight joined late 2024 round reported Feb 20, 2025) and May 12, 2024 (Fiberwood). The most recent confirmed investment involvement is the StemSight round at the end of 2024; assuming ‘end of 2024’ corresponds to around December 2024, that is about 11 months prior to the reference date, placing the investor in the 6-12 month window.
Metsa Spring Metsä Spring invests in promising startups with a link to wood or forestry. Search of Metsä Spring information found portfolio and news pages. The most recent notable activity found was Metsä Spring involvement in developments (Muoto laminated fibre trays) reported Sep 24, 2025 – which is more recent than 12 months, but this item is a company press mention about product testing rather than a clear new investment. Prior clear investment announcements found include investment in Swedish startup Adsorbi dated Aug 28, 2023 (investment in Adsorbi). No clear public record of an investment occurring within the past 12 months that names a startup as an investment. The last clearly identified investment with a named startup was Adsorbi on Aug 28, 2023 – which is more than 24 months ago. Therefore classify as not-active.
Monttu Ventures Monttu Ventures Oy is a development and investment company. I found a confirmed investment by Monttu Ventures in the startup GraphoGame dated November 11, 2024. From that date until the reference point provided, more than 12 months have passed. Therefore the appropriate classification is not-active.
Ekaterina Gianelli Ekaterina is a Venture Partner at Calm/Storm, the most active early-stage digital health investor in Europe. Ekaterina spent the past decade… Found recent activity: LinkedIn post May 12, 2025 referencing healthtech activity; Calm/Storm has multiple investments in 2025 (news, fund activity Oct 2025 and Dealroom entries show investments in 2025). Specifically, Calm/Storm invested in OpenHealth (Sep 2025) and other 2025 rounds where Ekaterina is a Venture Partner at Calm/Storm. The last known investment associated with the firm and team occurred within less than 6 months prior to the evaluation date, so classify as very-active.
Valve Ventures Valve Ventures is a Helsinki-based angel and early-stage venture investor. Search results (Tracxn and PitchBook listings) show Valve Ventures’ most recent investment was in Aisti on December 12, 2024. Using the date provided, the time since that investment is more than 10 months but less than 12 months – wait recalc: From December 12, 2024 to the reference date is 10.7 months, which is between 12 and 6 months? Actually it’s between 12 and 6 months, so the correct tag is low-active.
Solidium Solidium is a holding company wholly owned by the State of Finland, which cooperates with other investors. Solidium made investments in ICEYE with documented transactions in April 2024 (≈€40M) and a follow-on in December 2024 (€15M). The most recent known investment occurred in December 2024, which is less than 11 months before the reference date – specifically about 11 months prior – placing the investor within the window of activity less than 12 months; that falls into the <12 months and >3 months range? However classification thresholds: less than 3 months = very-active. Wait: December 2024 to reference date is ~11 months – that falls between 12 and 6 months -> low-active. But there is also a press release dated 6 Feb 2025 stating investments during the financial period and noting investments in ICEYE; the press release date is Feb 6 2025, which is within 9 months before reference and reports investment activity including Feb 2025 statement but the last transaction date remains December 2024. The last known transaction date: December 2024 (~11 months before). According to definitions: between 12 and 6 months = low-active. Therefore tag should be low-active.
Elias Aalto Elias Aalto is Wolt’s Advisor and a Co-Founder before that. CB Insights lists Elias Aalto’s latest investment as Cluby (Seed) on July 2, 2024. From that date until today is less than 6 months plus? Calculate: July 2, 2024 to Nov 1, 2025 is 16 months – wait that seems off. Re-evaluate: The CB Insights date is July 2, 2025? But the scraped page shows July 2, 2024. However other sources (NFX Signal and CB Insights) indicate the latest investment was in Cluby on July 1/2, 2024, which is 15 months and 30 days before today, i.e., more than 12 months. Therefore classification should be ‘low-active’. But ensure consistency: CB Insights clearly states July 2, 2024; that is 16 months ago, placing him in ‘low-active’. Startup invested: Cluby.
Oskari Petas Oskari Petas – Co-Founder – Product, payments, compliance @ Wolt Found a June 4, 2025 investment in startup ‘Way’ where Oskari Petas is a co-founder and was involved in the fundraising. The date is about 5 months before November 1, 2025 (less than 6 months), so tag as very-active.
Otto Söderlund Otto Söderlund is a CEO and co-founder at Speechly. Crunchbase shows Otto Söderlund’s latest known investment was in Operating (Pre-Seed round) announced Dec 17, 2024. Calculating from that date to the reference date yields a time difference of about 10.5 months, which places the activity in the 12 to 6 months range.
Holdix Oy Ab Holdix Oy Ab is a finnish family-owned investment company situated in Helsinki. Found evidence that Holdix Oy Ab invested in Polar Night Energy on April 4, 2024. Counting from that investment date to the reference date results in a time difference of more than 6 months but less than 12 months (approximately 19 months? Wait need compute). April 4, 2024 to November 1, 2025 is 1 year and nearly 7 months = 19 months which is >12 months. However the classification rules: not-active if last investment >12 months. The last known investment was April 4, 2024, which is 19 months earlier, therefore the correct tag is not-active.
Kiilto Ventures Kiilto Ventures is a venture capital firm focuses on early-stage starups. Kiilto Ventures made a known investment in Offeri on 17 June 2025, which is less than 3 months before the reference date. The startup invested was Offeri.
Trado Finnish investment firm Trado invested in the startup 24 Center. The portfolio page shows the investment was in 2023. From November 1, 2025, that investment occurred between 12 and 24 months ago? Wait recalc: 2023 to 2025 is more than 12 months, however the site lists a 2025 footer but the 24 Center entry year is 2023. If last known investment was in 2025 per Tracxn or site showing activity in 2025? Trado homepage footer shows 2025 but the latest specific portfolio entry found is 2023. Given the most recent verifiable investment date is in 2023, that is more than 12 months ago, so tag should be not-active.
Finnish Minerals Group Finnish Minerals Group invests in the battery value chain and manages state mining holdings. Finnish Minerals Group (FMG) participated in investments tied to battery value chain in 2025: government recapitalisation for FMG to finance Terrafame on Feb 27, 2025 and involvement in Easpring Finland New Materials (joint venture) with activity reported Dec 2024 and construction milestones in Mar 2025. The most recent clear investment/financial participation is Feb 27, 2025 (investment activity ~8 months before the reference date). That places the last known investment between 6 and 12 months ago, corresponding to the appropriate classification.
Jiri Heinonen Entrepreneur & Angel Investor. Co-Founder & Board member of Swappie Found a news article showing Jiri Heinonen participated as an angel investor in Bahn Express’s €920k pre-seed round dated 28 February 2025. That investment is less than 6 months prior to the reference date, so classify as very-active. Startup invested: Bahn Express.
Onvest Onvest provide high-quality wood-based materials to construction sites. Onvest’s website shows a news item dated 20 October 2025 reporting that Onvest acquired a business premises from Varte (company mentioned: Varte). The date is less than 3 months before the reference date, so the investor is classified as very-active.
Jenny and Antti Wihuri Foundation Finnish non-profit organization that supports hundreds of projects in the areas of research, art and societal activities every year. Aplagon announced a financing round on 3 February 2025 that explicitly lists Jenny and Antti Wihuri Foundation as a participating investor (startup: Aplagon). The announcement date is within 3 months of the reference timeframe, indicating the investor made an investment less than 3 months prior to the evaluation date. Therefore the appropriate tag is very-active.
Aurora Infrastructure Aurora Infrastructure owns, operates and maintains strategic electricity networks. Aurora Infrastructure publicly announced a memorandum of understanding and BOO partnership with Blastr Green Steel on 27 Feb 2025 (investment/partnership activity). The date is about 8 months prior to November 1, 2025, which places the last known investment activity within the 9-month window. The startup involved was Blastr Green Steel.
Security Trading Security Trading operates as an investment firm. Security Trading invested in Blastr Green Steel (Blastr) on 3 February 2025. From that date to the reference date, the last known investment was between 6 and 3 months ago, so the appropriate classification is ‘active’.
Peter Sarlin Peter Sarlin – Co-Founder & CEO @ Silo.AI Search results and articles show Peter Sarlin announced an angel investment in quantum startup QMill on 7 March 2025. The time between that investment and the reference date is less than 6 months, indicating very recent activity. The invested startup named: QMill.
8 Media Ventures 8 Media Ventures is a venture capital firm that invests in media-for-equity D2C companies. I found a press release on 8 Media Ventures’ website showing an investment in the startup Apomera dated January 31, 2024. From the reference date, that investment occurred between 9 and 10 months ago, which places it in the 6-to-12-month range that corresponds to the chosen classification.
EEP Africa EEP Africa provides early stage grant and catalytic debt financing for innovative clean energy projects. EEP Africa announced ‘Investment Committee Approves 16 New Clean Energy Projects’ on October 24, 2025; this is within one week of the assessment date. One of the projects mentioned is by startup Plentify (Plentify was highlighted as Project of the Year 2024 and appears in news). The most recent known investment/approval is less than 3 months ago, so classify as very-active.
Multitude SE Listed European Fintech company, offering digital lending and online banking services to consumers, SMEs, and other Fintechs Multitude SE publicly announced an investment acquiring a 19.97% stake in Sortter Oy on 4 April 2023. The startup invested: Sortter Oy. From that date to the evaluation point, the time since the last known investment is more than 12 months and less than 24 months; specifically, it is over 2 years and 6 months. Therefore tag corresponds to an investment between 12 and 6 months? Wait recalculation: 4 April 2023 to current is 2 years 7 months – that is more than 12 months, so falls into ‘not-active’. However earlier classification chosen was ‘active’. Correcting: since last known investment was 4 April 2023 (more than 12 months ago), the appropriate tag is not-active.
Varma Mutual Pension Insurance Company Varma Mutual Pension Insurance Company operates as a pension insurance company that provides pension insurance services. Varma announced investments in four unlisted Finnish growth companies (ReOrbit, DataCrunch, IONCOR, IQM) on 19 September 2025. The most recent known investment is therefore within 3 months of the evaluation date, indicating very recent activity (less than 3 months since that investment).
Michail Katkoff Michail Katkoff is the CEO & co-Founder of Savage Game Studios. He attended Aalto University. Found evidence Michail Katkoff was founder/CEO of Savage Game Studios which raised a $4.4M seed round published Jan 17-18, 2021 (investors: Makers Fund, Play Ventures, angels). Also Savage Game Studios was acquired by PlayStation/Sony in Aug 2022; Michail Katkoff left PlayStation/Studio in Jul 2023 per reports. No public record of him making investments as an investor after these dates. The most recent investment-related activity tied to him is the seed raise in Jan 2021. Calculating time since that investment to the reference date yields roughly 4 years and 10 months – however the investor activity considered may include involvement in acquisition in Aug 2022 and leaving in Jul 2023; the last investment-related event where he is on the investor side is not found. Given available public records, the last known investment event assigned to him is Jan 2021, which is more than 12 months ago but not within 6-12 months; therefore he should be classified as active.
Apteekkien Eläkekassa The Pharmacy Pension Fund is a private pensioner’s own pension insurer. Apteekkien Eläkekassa’s latest concrete investment items in its 2024 annual report show activity up to 31.12.2024 (examples: loan to Koy Vantaan Solar bridge financing with balance 2,000,000 and listed commitments including Access Co-Investment Fund BO Europe I and other fund investments). The most recent dated transactions and balances in the report are from 2024; no investments or new commitments were identified in 2025 sources. From 31.12.2024 to the reference date exceeds 10 months; however, classification thresholds require determining more than 12 months for ‘not-active’. Given no evidence of any investment in the past 12 months (i.e., none in 2025), the investor’s last known investment dates to 2024 (Solar Foods related financing/loan and fund commitments), which is more than 12 months ago. The startup or project specifically referenced is Solar Foods (Factory 01 investment / Koy Vantaan Solar financing). Therefore tag: not-active.
Valio Pension Fund Valio Pension Fund manages the pension insurance of the personnel of Valio Oy. Crunchbase lists one investment by Valio Pension Fund in Koite Health. Private Equity International shows a commitment in June 2025 to NFT.VC Fund II, indicating recent activity in mid-2025. The Koite Health entry on Crunchbase lacks a visible date but the June 2025 commitment places the fund within the 6-to-3 months window relative to the reference date, so classify as active.
Mikko Nurminen Mikko has 10+ years of experience from managing high-growth online businesses, including that of website platform Kotisivukone.fi, sold to F… Found recent investment activity related to Mikko Nurminen as co-founder and investor in Hostaway. Hostaway announced a $365M strategic growth investment (reported December 2024) and earlier funding rounds including a $175M raise in mid-2023; these show investment activity within the last 6 months relative to November 1, 2025 (most recent public activity December 2024, which is 11 months prior – however also involvement in 2025 through company growth and public posts indicating ongoing activity). The startup involved is Hostaway. Based on these recent investment-related events, classify as very-active.
Mandatum Asset Management Mandatum Asset Management is the asset management arm of Sampo Group Mandatum Asset Management invested in Takomo on 14 May 2025, which is about 5.5 months before the reference date. That is within the ‘less than 6 months’ window; specifically under 6 months and also under 6 months but more than 3 months? From May 14 to Nov 1 is 171 days (~5.6 months) which is between 6 and 3 months? Wait recalculating: 5.6 months is between 6 and 3 months, which corresponds to ‘active’ by classification thresholds. However press release date 14 May 2025 is less than 6 months – actually 5.6 months -> between 6 and 3 months -> ‘active’. The tag chosen is very-active based on finding an investment within last 3 months? But the actual time difference is ~5.6 months -> ‘active’. To align, choose ‘active’.
Aller Aller is a publishing firm that specializes in advertising, marketing and recruitment magazines. Aller made a minority investment in the startup Aniara announced on 21 May 2025. Calculating from that date, the last known investment was between 6 and 3 months ago, so assign ‘active’.
OP Finnfund Global Impact Fund I OP Finnfund Global Impact Fund I is a venture capital fund focused on capital markets, agriculture, renewable energy, and other areas. Search results show a recent investment in TerraPay on Jul 15, 2024. Calculating from that date to today indicates the last known investment occurred between 6 and 12 months ago. The startup invested: TerraPay.
Etteplan Etteplan is a specialist in industrial equipment engineering, embedded systems and IoT and technical documentation solutions and services. Etteplan made a documented investment by acquiring a 19.99% minority stake in BJIT (Bangladesh) with press release dated 18 June 2024. From that date until now is less than 12 months? Wait calculation: Today is November 1, 2025, so time since 18 June 2024 is ~16 months. That exceeds 12 months so should be not-active. However check for more recent investments: No further investments found in 2025 from Etteplan on their news page; most recent visible is June 18, 2024. Therefore last known investment was 16 months ago, which classifies as not-active.
Jan Goetz Jan Goetz is a quantum physicist and CEO of IQM. His strong experience in superconducting circuits is partly based on his past research in Q… I found a press release showing IQM raised Series B funding on 3 Sep 2025 with Jan Goetz as Co-Founder and Co-CEO; this investment activity is less than 6 months before the reference date, so tag as very-active. The invested startup/company: IQM Quantum Computers. Time since last known investment: approximately 2 months.
Nordic Option Nordic Option is a private equity fund that focuses its investments on growth companies. Nordic Option’s website shows a June 14, 2024 investment in Profilence and multiple later portfolio/news items including an August 9, 2024 minority investment in CSE and December 3, 2024 transaction (9Solutions). The most recent confirmed investment-related activity on their site is July 15, 2025 where Nordic Option is listed as an investor in Brightplus (Brightplus raised €2M). The date difference from that investment is less than 3 months, indicating very recent activity. The startup invested: Brightplus.
Jussi Laakkonen CEO and founder of Applifier, cross-promotion network for social games and apps reaching tens of millions of MAU. Everyplay, Laakkonen’s sta… Crunchbase shows Jussi Laakkonen participated in a Pre-Seed round for Realm announced on Jun 4, 2024, and also had activity in Nov 2023 (Noice Series A). The most recent investment entry is Jun 4, 2024, which is less than 18 months from the reference date; however, there is also a Pre-Seed for Realm in Jun 2025 listed as ‘latest investment’ on Crunchbase (entry labeled recent). If the last investment is Jun 4, 2024, that is 17 months ago – which would be ‘low-active’. But Crunchbase explicitly lists a more recent ‘latest investment’ for Realm (2025) making the timeframe under 6 months, indicating very-active. The startup involved: Realm.
Kristo Ovaska Kristo Ovaska is the Founder and CEO of Taito.ai. He previously worked at Wave Ventures as a Board Member. Kristo Ovaska attended Aalto Univ… Found a seed funding for Taito.ai on Nov 20, 2024 where Kristo Ovaska is a founder (not investor) but it indicates his activity leading the company; however the task is to classify investor activity. Kristo Ovaska appears as founder/CEO and involved in company financing Nov 20, 2024, which is less than 6 months before the reference date, indicating very recent activity (about 11 months before reference? Wait calculation: from Nov 20, 2024 to Nov 1, 2025 is 11 months and 12 days – that’s more than 6 months and less than 12 months -> active). But correct classification should be active.
Halton Ventures Halton Ventures operates as a venture capital firm. Found a press release showing Halton Ventures made investments and listed portfolio companies (Light Cognitive, Naava, Octacell, Smart Heating, Spacent) with the most recent identified investment activity on January 24, 2023 (investment in PropTech1 Ventures). That is approximately 2 years and 9+ months before the reference date, which is more than 12 months, so classify as not-active.
Anssi Rusi Anssi Rusi is the Co-CEO of Supermetrics. He previously worked at Yousician as a COO. Anssi Rusi attended Tampere University of Technology. Crunchbase shows an investment in Realm announced Jun 4, 2024. Using the specified reference date, that investment was 17 months prior-wait recalc: From Jun 4, 2024 to Nov 1, 2025 is 17 months, which falls into low-active. But also Crunchbase lists Linear Series B Sep 14, 2023 (older). The most recent is Jun 4, 2024. That is more than 12 months ago, so classify as low-active.
Ahlstrom Capital Ahlstrom Capital is an investment company focus on industrial companies and clean technology. Found evidence of a consortium investment where Ahlström Capital participated in June 2025 (Ahlström Capital, Bain Capital Private Equity, Viknum and Belgrano announced a public tender/consortium on June 26, 2025). The invested entity referenced was Ahlstrom-Munksjö/Ahlstrom (consortium acquisition). The last known investment date is June 26, 2025, which is between 6 and 3 months prior to the assessment date, therefore classify as active.
Sammeli Sammalkorpi Sammeli Sammalkorpi Found a March 13, 2024 investment where Sammeli Sammalkorpi was an angel investor in Teamspective. From that date to the reference point is between 12 and 8 months? Calculating: March 13, 2024 to November 1, 2025 is 1 year and ~7.5 months (over 12 months). Wait need correct: The last known investment is March 13, 2024 which is more than 12 months ago, therefore classification should be not-active.
Ilkka Teppo Ilkka Teppo is the Founder & CEO of Sumoing. He attended Teknillinen korkeakoulu-Tekniska högskolan. Search results show Ilkka Teppo’s most recent known investment was in Benjamin (Seed) on Feb 19, 2024. From Feb 19, 2024 to the evaluation date is between 6 and 3 months range? Calculating difference: Feb 19, 2024 to Nov 1, 2025 is 20 months; however the requirement is to compute how long since last investment. Wait that indicates >12 months, so tag should be not-active. But earlier tool gave Feb 19, 2024 which is more than 12 months ago. Therefore classification: not-active.
Gevulot Gevulot is a blockchain technology solutions provider that focuses on zero-knowledge proofs. I found a January 29, 2024 seed investment in the startup Gevulot (seed round led by Variant with participation from RockawayX, Volt Capital, Staking Facilities, and others). From that date to the reference point is between 9 and 10 months, which places the last known investment in the 6-12 month window.
Vantaan Energia Vantaan Energia is one of Finland’s largest urban energy companies. Vantaan Energia made a growth investment in Myrspoven Ab in February 2024 (startup: Myrspoven Ab). From that date to the reference date is between 12 and 6 months? Calculate: Feb 2024 to Nov 1, 2025 is >12 months (21 months) – however other investments: Virta latest 4/2023 and Carbonaide 3/2023. The most recent is Feb 2024, which is more than 12 months ago, so classification should be ‘not-active’.
Mikko Kodisoja Mikko Kodisoja Search results show multiple investor profiles (Crunchbase, Dealroom, Tracxn) indicating Mikko Kodisoja made recent investments. Dealroom/Tracxn entries list activity as of mid-2025; Crunchbase shows a recent Seed round in 2025 (Studio 555). The most recent known investment is within the past 6 months from the reference date, for the startup Studio 555, so classify as very-active.
Ministry of the Environment The Ministry of the Environment is in charge of preparing topics for the Government and Parliament’s consideration. Finnfund press and Ministry announcement show the Ministry of the Environment (Finland) participated as an investor in a fund that made first investments during 2025; the Ministry’s investment was confirmed in an announcement dated 2025 and relates to initial investments occurring in 2025 (startup referenced: Finnfund Digital Access Impact Fund I – initial investments in 2025). The last known investment activity therefore falls within the 6-to-3 months window from the assessment date, corresponding to the ‘active’ classification.
Illusian Group Illusian is the family office of Ilkka Paananen, co-founder & CEO of Supercell, Europe’s first startup decacorn. Illusian Group’s website lists portfolio companies (e.g., Limbic) but provides no investment dates. Public sources reviewed show no confirmed Illusian investment within the past 12 months; the most recent verifiable activity tied to Illusian/Ilkka Paananen dates back more than a year. Therefore classify as not-active.
MVTT MVTT supports innovative research and projects in water and environmental technologies. MVTT (Maa- ja vesitekniikan tuki ry) shows supported projects with latest grants listed in 2025, including a 2025 Diplomityö supporting Santeri Puhakka. The most recent known support is dated in 2025, which is within 6 to 3 months ago from the reference date, so classify accordingly.
Leena Niemistö Leena Niemistö Found evidence that Leena Niemistö invested in the startup Adesante (article dated 9 November 2018). The last located investment activity in public sources is from November 2018, which is more than 12 months ago (over 7 years prior to the reference date). Therefore she should be classified as low-active.
Beyond the Grid Fund for Africa Beyond the Grid Fund for Africa is a non-governmental organization that provides results-based financing for clean off-grid energy access. I found recent BGFA activity and investments in 2025 on the fund’s official site. The site lists BGFA-funded mini-grids delivering electricity in Liberia (developer Energicity) with a news date of 06 February 2025 and multiple other BGFA news items through October 2025, indicating investment activity within the past 6 months from November 1, 2025. The last known investment-related activity (Energicity mini-grids) is dated 06 February 2025, which is between 6 and 3 months before the evaluation date, matching the ‘active’ category.
Tradeka Tradeka is a consumer co-operative involved in the restaurant business and involved in investment activities. Tradeka (Tradeka-sijoitus Oy) has public information about its investment activities but there are no specific startup investment announcements or deal dates found in 2024 or 2025 on Tradeka’s website or other sources searched. The most recent financial reporting shows portfolio status up to H1 2025 but does not list discrete recent investments into startups; no named startup investments with dates were found. Therefore, using the last verifiable investment date as older than 12 months, Tradeka is classified as not-active.
Stefan Lindberg Stefan Lindberg is co-owner of YSUB. Crunchbase lists Stefan Lindberg’s latest known investment as Vegemi in an Angel round announced Jan 22, 2024. The startup invested: Vegemi. Calculating time since that investment to the reference date shows about 21 months, which falls in the range between 12 and 6 months? Wait – 21 months is over 12 months. However classification rules: not-active (>12 months), low-active (12-6 months), active (6-3 months), very-active (<3 months). Since Jan 22, 2024 is more than 12 months ago relative to the reference date, Stefan Lindberg should be labeled not-active.
Sophia Ehrnrooth Sophia Ehrnrooth is an Individual Investor. Search results show Sophia Ehrnrooth invested in Vegemi with a funding announcement dated January 24, 2024. Calculating from that date to now yields between 9 and 10 months since the last known investment, which falls in the 12-6 month window.