Lifeline Ventures €150 million early-stage fund to support next-gen companies

Finnish growth engine Lifeline Ventures closes a €150 million early-stage fund to continue supporting next-generation companies

Lifeline Ventures is a Finnish early-stage investor investing in ambitious and determined teams that can one day become industry leaders.

Since its foundation in 2009, Lifeline Ventures has been the first investor in many major Finnish technology companies. Lifeline Ventures has been an early investor in four Finnish unicorns, backing success stories like Wolt, Supercell and Oura.

Lifeline Ventures is announcing today its fifth fund of €150 million, making it one of the biggest funds ever raised in Finland while still staying loyal to its early-stage investment strategy.

The new fund continues to invest in the early stage, even incubating companies from zero, and supporting them for their entire journey.

Lifeline Ventures wants to give new founders an opportunity to perfect their vision into companies via its Entrepreneur In Residence -program, and to develop new startup investors via its Next-Gen Investor -program.

Lifeline Ventures €150 million early-stage fund to support next-gen companies

HELSINKI, FINLAND – Finnish early-stage investor Lifeline Ventures, known for its unique track record in producing unicorns, announces today its new €150 million fund. The new fund lists as one of the biggest funds ever raised in Finland. Lifeline Ventures is looking to fund early-stage companies with the potential of becoming category leaders, with first-time investments ranging from €150K to €2M.

For over 14 years, Lifeline Ventures has proven to have the unique ability to identify unicorn potential from the very early stages. The team has invested in companies like Supercell, Wolt, Oura, ICEYE, Aiven, and Applifier in the pre-seed stage. With the new fund, Lifeline Ventures continues on its successful path in backing future success stories and founders at a very early stage.

“We have always kept and will continue to keep our focus purely on supporting early-stage entrepreneurs. Through this focus, we’ve worked to gain unique trust among the very best founders – and founders to be. Our humble hope was to be the first investor in every significant startup that comes from Finland, and we’ve been happy to see it succeed many times. With the new fund, we are continuing this work supporting a new generation of entrepreneurs in Finland”, says Timo Ahopelto, Founding Partner at Lifeline Ventures.

Finland as the new unicorn factory

The Nordic region has grown steadily into one of the most successful startup regions globally. The Nordic region is number one in Europe by venture capital invested per capita, and roughly 15% of European unicorns come from the Nordics.

“Finland produces two to four unicorn potential startups each year. We have put an extraordinary effort to truly be part of the growth and development of the Finnish startup ecosystem. We’re now seeing the results of the long-term hard work the entire ecosystem here has done. With the ecosystem growing, startups are becoming a crucial part of the future Finnish economy and growth. This presents an exciting opportunity for startups but also for the entire Nordic region economy,” Ahopelto says.

With the new fund, the Lifeline Ventures team continues to be an integral actor in attracting international capital to the Nordic region by continuing co-investments with the top global funds.

“Having access to global capital markets is an integral factor of our model. We are looking forward to continuing collaboration with the most relevant international funds and growing the next Nordic success stories with them,” Ahopelto continues.

Growing new founder and investor talent in-house

On top of launching the new fund and continuing to support early-stage companies, Lifeline Ventures has launched Entrepreneur in Residence and Next-Gen Investor initiatives with the goal of growing and supporting future investors and founders in-house.

“We believe that both entrepreneurship and investing are best learned by doing. Our programs enable those interested in starting a company or an investor’s career to test ideas and build the necessary skills as part of the Lifeline team. Our goal is to lower the entry barrier for young talent from different backgrounds entering the industry,” Ahopelto tells.

One of the first Entrenepeurs in Residence at Lifeline Ventures is Pauliina Meskanen. Pauliina is building a deep-tech climate startup and supports Lifeline Ventures’s portfolio companies in climate tech. Prior to joining Lifeline, Pauliina was an investor in two VC funds and run a climate tech consultancy helping commercialize energy innovations.

“With the help of the Lifeline team, I have been able to fully focus on validating my startup ideas in battery circularity and industrial decarbonization. The Entrepreneur in Residence program not only provided me with financial support but also valuable advice and guidance that has significantly helped to build my startup in a challenging field,” Meskanen says.

Going forward, Lifeline is looking to support more next-generation founders and investors as part of their team.

About Lifeline

Lifeline Ventures is a sector-agnostic early-stage investor partnering with founders from the very beginning of their journey and supporting them throughout their growth. Lifeline Ventures was founded by Timo Ahopelto and Petteri Koponen in 2009. Since then, Lifeline Ventures has been the first investor in many major Finnish technology companies and an early investor in four Finnish unicorns, backing success stories like Wolt, Supercell and Oura.

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