# Butterfly Ventures

Butterfly Ventures is a Venture Capital based in Helsinki, Finland.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** Helsinki, Finland
- **Region:** Europe
- **Address:** Helsinki, Finland
- **Founded:** 2012
- **Assets under management:** Undisclosed
- **Website:** www.butterfly.vc
- **LinkedIn:** https://www.linkedin.com/company/butterfly-ventures

## Regulatory record

- **Reports private funds:** No

## About

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.

## Sectors

- Venture

## People

- 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

## Questions

### 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.

## Related profiles

- [Butterfly Equity](https://altss.com/profile/butterfly-equity)
- [Button Capital](https://altss.com/profile/button-capital)

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Last updated: 2026-08-11T15:06:20.694Z

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