About IPR VC
IPR VC is a venture capital firm founded in 2014. It is primarily based out of Helsinki, Finland. As of Mar 2022, IPR VC has invested in 21 companies. It primarily invests in Seed round in Finland based startups. Its investments are spread across a wide range of sectors from Gaming to Media & Entertainment and Mobile. Most recently it participated in the $***** Seed round of Blidz A lot of funds co-invest with IPR VC, with names like Businessfinland sharing a substantial percentage of its portfolio. IPR VC has team of 4 people including 2 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 2 more
Portfolio IPOs
Portfolio Acquisitions
IPR VC's List of Top Investments
IPR VC has a portfolio of 21 companies. Their most notable investments are in A24 and XYZ Films.Their portfolio spans across Finland, United Kingdom, United States and 1 more locations. They have invested in Gaming, Media & Entertainment, Mobile and 4 other sectors, across stages such as Seed, Series A and 2 more. Here is the list of top investments by IPR VC:1. A24
Producer & distributor of films & TV shows. It specializes in film distribution which includes movies such as Lady Bird, Moonlight, The Florida Project, The Lobster, The Witch, Ex Machina, Amy, Uncut Gems, and many more. Its films had received many academy award nominations.
Key facts about A24
- Founded Year: 2012
- Location: New York City (United States)
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $300M
- Employee Count: 958 as on Aug 31, 2026
- Investors: Access Industries, Neuberger Berman and 4 Others
- Latest Funding Round: Series B, Jun 26, 2024, $*****
2. Blidz
AI-based shopping platform for multi-category products. Users can register to the account & buy products unlocking various deals. The product catalog includes electronic products, home items, fashion products, beauty care products, pet supplies, stationery, and more. Users can browse through personalized product feeds. The mobile-based platform offers flash deals that change the prices of the listed products when the timer runs out. It has an algorithmic feature which helps in frequent price changes. Users can purchase products for their desired price range. The app is available for both Android & iOS users.
Key facts about Blidz
3. Lightneer
Lightneer is a mobile game development studio. The company specializes in developing casual games such as arcade, puzzle, strategy, etc. Some of the games developed by the company include Fishing Champs, Rodeo Raiders, Build City, etc. These games are available on the Android platform. It monetizes through in-app ads and purchases.
Key facts about Lightneer
- Founded Year: 2015
- Location: Helsinki (Finland)
- Stage: Public
- Total Funding till date: $8.93M
- Employee Count: 2 as on Sep 30, 2026
- Investors: GSV Ventures, Founders Factory and 4 Others
- Latest Funding Round: Seed, Aug 15, 2017, $*****
- Highlight: Public
Gigglebug Entertainment is a Finland-based animation IP studio. It develops and produces kids content with multi-platform distribution. It launched IP name Gigglebug that includes app, books, music, and TV series. It also provides pre-production services.
Key facts about Gigglebug Entertainment
- Founded Year: 2013
- Location: Helsinki (Finland)
- Stage: Funding Raised
- Employee Count: 60 as on May 31, 2026
- Investors: IPR VC, Grannenfelt Finance and 1 Other
- Latest Funding Round: Grant (prize money), Sep 01, 2022, $*****
Tunnel Ground is a Finland-based game development studio focusing on mid-core mobile games. Founded is 2012, the studio creates episodic content as games and comics and is best known for its action games 'Tunnel Ground' and 'Void of Heroes'. The games share its plot, characters, and environments from the comic books and the studio has also included a redeem code reward system accessible by purchasing paperback comics that include the redeem codes.
Key facts about Tunnel Ground
- Founded Year: 2012
- Location: Espoo (Finland)
- Stage: Deadpooled
- Investors: Businessfinland and IPR VC
- Latest Funding Round: Series A, Feb 05, 2016, $*****
IPR VC's Year-on-Year Investment Trends
IPR VC has invested in 21 companies over the last 11 years, with an average of 1 new investment annually in the last 10 years. Its most recent first time investment was in Blidz and most recent follow-on round was in Lightneer.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 0 | 0 | 0 |
2023 | 0 | 0 | 0 |
2022 | 1 | 0 | 1 |
2021 | 0 | 0 | 0 |
2020 | 2 | 0 | 2 |
2019 | 1 | 0 | 1 |
2018 | 3 | 0 | 3 |
2017 | 0 | 1 | 1 |
IPR VC's Investments by Stage
IPR VC has made 9 investments in Seed stage with an average round size of $2.8M, 2 investments in Series A stage, 1 investment in Series C stage with an average round size of $100M and 1 investment in Unattributed stage.Stage of entry | No. of Investments |
|---|---|
Seed | 9 |
Series A | 2 |
Series C | 1 |
Unattributed | 1 |
Note: We have considered here, only first round of investments
IPR VC's Investments by Sector
IPR VC has a diverse portfolio, with companies operating in the Media & Entertainment, Gaming, Mobile, Consumer and Retail. Notably, it has invested in 8 Consumer (B2C) companies, 6 Tech companies, 5 Enterprise (B2B) companies and 2 companies focusing on Software.Sector | No. of Investments |
|---|---|
Media & Entertainment | 6 |
Gaming | 3 |
Mobile | 3 |
Consumer | 1 |
Retail | 1 |
Note: We have considered here, only first round of investments
IPR VC's Investments by Geography
IPR VC has made most investments in Finland (10), followed by United States where it has made 2 investments.Country | No. of Investments |
|---|---|
Finland | 10 |
United States | 2 |
Ireland | 1 |
United Kingdom | 1 |
Note: We have considered here, only first round of investments
IPR VC's recent investments
IPR VC has not made any investment in 2026 so far.Here are the most recent investments by IPR VC:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Mar 23, 2022 | Finland | Seed | 8068 | [+4] | |
2020 | United States | Series A | 8962 | - | |
2020 | Finland | Seed | 8321 | - | |
Nov 07, 2019 | United States | Series C | 3741 | - | |
2018 | United Kingdom | Unattributed | 8177 | - |
IPOs and Publicly Listed companies in IPR VC's Portfolio
1 of IPR VC's portfolio company became public - Lightneer.Here are IPR VC's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
- | Apr 19, 2016 | Seed | 1112 |
Acquired companies in IPR VC's Portfolio
1 company from IPR VC's portfolio has been acquired. The most recent acquisition was Koukoi in Jul 2021 by SciPlay for $*****.Here are IPR VC's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 07, 2021 | Oct 11, 2016 | Seed | 9753 |
Team profile of IPR VC
IPR VC has a team of 4 members including 2 Partners located in Finland. IPR VC's team does not sit on the board of any company as of now.Co-investors of IPR VC
Over the past 11 years, 16 investors have co-invested in IPR VC's portfolio companies. This includes funds and angels.
- Invested before IPR VC: Frontier Nordic and Europa have invested in rounds before IPR VC. There is 1 company where Frontier Nordic has invested before IPR VC and 1 company where Europa has invested before IPR VC.
- Top Co-investors of IPR VC: 8 investors entered a company along with IPR VC. These include investors like Businessfinland (2 companies).
- Invested after IPR VC: A total of 6 investors have invested in IPR VC's portfolio after their investments. Top Investors include Stripes (1 company), Neuberger Berman (1 company) and Thrive Capital (1 company).
Recent News related to IPR VC
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European Investment Fund invests €25m in latest round by Finland’s IPR.VCScreenDaily•Feb 27, 2025•European Investment Fund, IPR VC
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Blidz raises €6 millionEcommerce News•Mar 23, 2022•Blidz, General Catalyst, Peak, D4 Ventures and 3 others
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Lightneer closes USD 5 million seed funding roundGoodNewsfromFinland•Aug 17, 2017•Lightneer, GSV Acceleration, IPR VC, Brighteye Ventures and 1 other
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Finnish mobile studio Koukoi raises $1M to expand its game portfolioGamasutra•Oct 11, 2016•Koukoi, Tekes, IPR VC, Businessfinland
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