Butterfly Ventures

Butterfly Ventures is the leading seed entry deep tech VC in the Nordics. It invests in seed stage startups particularly from Finland and Sweden, but also from...

Butterfly Ventures

Butterfly Ventures is the leading seed entry deep tech VC in the Nordics. It invests in seed stage startups particularly from Finland and Sweden, but also from other Nordic countries and Baltics. The firm prefers early involvement and looks for deep tech, HW and HW interfacing SW with social or environmental impact. It is known for a co-operative approach and was the first VC fund that operated 100% carbon neutrally in Europe.

Website

www.butterfly.vc

linkedin.com/company/butterfly-ventures

General information

Firm type

Venture Capital

Year founded

2012

Location

Region

Europe

Country

Finland

City

Helsinki

Corporate office

Helsinki, Finland

Principals

Matti Kanninen

Co-Founder, Managing Partner

Juho Risku

Co-founder, Partner

Ville Heikkinen

Partner

Tanya Horowitz

Partner

Liina Lehtonen

Principal

Anette Nordvall

Venture Partner

Anti Kodar

Venture Partner

Sector focus

Venture

Who runs investment decisions at Butterfly Ventures?

No named principals or investment committee members are disclosed in available sources.

Does Butterfly Ventures participate in fund commitments or only direct deals?

Strategy records list direct early-stage and venture positions without reference to fund commitments.

What investment stages does Butterfly Ventures typically target?

The firm lists seed, start-up and expansion stages in its strategy documentation.

What is Butterfly Ventures known posture on co-investments alongside external GPs?

No information on co-investment activity is available from current sources.

Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: Aug 11, 2026. Continuous refresh with full update cycles at least every 30 days.