About Lifeline Ventures
Lifeline Ventures is a venture capital firm founded in 2009. It is primarily based out of Helsinki, Finland. As of Oct 2026, Lifeline Ventures is an active investor, having invested in 161 companies, with 12 new investments in the last 12 months. It primarily invests in Seed round in Finland based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Retail. Most recently it participated in the $***** Seed round of Ambio Overall, Lifeline Ventures portfolio has seen 5 unicorns, 4 IPOs and 30 acquisitions including key companies like Wolt, Oura and Supercell. A lot of funds co-invest with Lifeline Ventures, with names like Businessfinland sharing a substantial percentage of its portfolio. Lifeline Ventures has team of 10 people including 7 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 4 more
Portfolio IPOs
Portfolio Soonicorns
Lifeline Ventures' List of Top Investments
Lifeline Ventures has a portfolio of 161 companies, including 5 unicorns. Their most notable investments are in CRACI and Smartly.io.Their portfolio spans across Finland, United States, United Kingdom and 14 more locations. They have invested in Enterprise Applications, High Tech, Retail and 34 other sectors, across stages such as Seed, Series A and 4 more. Here is the list of top investments by Lifeline Ventures:1. Wolt
Operator of a platform facilitating delivery of food and other items. The platform connects customers with merchants and couriers for order fulfillment. It provides options for restaurants and stores to reach more customers. The platform also offers courier opportunities with flexible hours and earnings.
Key facts about Wolt
- Founded Year: 2014
- Location: Helsinki (Finland)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $860M
- Employee Count: 12,422 as on Sep 30, 2026
- Investors: Vintage Investment Partners, Goldman Sachs Investment Partners and 24 Others
- Latest Funding Round: Series E, Jan 25, 2021, $*****
- Highlight: Acquired
2. Oura
Developer of a smart ring for sleep, fitness, stress, and health. The ring collects personal health metrics and insights through biometric readings. It focuses on wellness, longevity, activity, fitness, heart health, women's health, and stress management. The device is designed for comfortable, continuous wear to provide data-driven health awareness.
Key facts about Oura
- Founded Year: 2013
- Location: Oulu (Finland)
- Annual Revenue: €100M - €500M as on Sep 30, 2024
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $1.32B
- Employee Count: 1,632 as on Sep 30, 2026
- Investors: Goldman Sachs, Fidelity Investments and 71 Others
- Latest Funding Round: Series E, Jul 17, 2026, $*****
- Highlight: Editors' Pick
3. Supercell
Mobile game developer focusing on mid-core games. The games developed are Clash of clans, Boom beach, Brawl stars, Hay day, and many more. The games are available on iOS and Android platforms. It monetizes through in-app purchases and ads.
Key facts about Supercell
- Founded Year: 2010
- Location: Helsinki (Finland)
- Annual Revenue: €1B+ as on Dec 31, 2023
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $143M
- Employee Count: 2,796 as on Sep 30, 2026
- Investors: Atomico, Cornerstone Capital and 18 Others
- Latest Funding Round: Series B, Apr 17, 2013, $*****
- Highlight: Acquired
4. Unity
Developer of a real-time development platform for 2D and 3D content. The platform provides tools and services for creating games and industry applications. It supports multiple platforms and offers features for monetization, user acquisition, and collaboration. The platform also provides learning resources, documentation, and community support.
Key facts about Unity
- Founded Year: 2004
- Location: San Francisco (United States)
- Annual Revenue: $1B+ as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $894M
- Employee Count: 7,102 as on Sep 30, 2026
- Investors: HTIF, Silver Lake and 53 Others
- Latest Funding Round: Post IPO, Feb 27, 2025, $*****
- Highlight: Public
5. ICEYE
Manufacturer of radar satellite constellations providing persistent earth observation imagery. These systems deliver radar data to detect and monitor physical changes on the surface of the planet. The technology functions through cloud cover and darkness to provide imagery for environmental monitoring, infrastructure assessment, and disaster impact analysis. The hardware enables the collection of radar intelligence for various monitoring requirements.
Key facts about ICEYE
- Founded Year: 2014
- Location: Espoo (Finland)
- Annual Revenue: €100M - €500M as on Dec 31, 2024
- Valuation: $*****
- Stage: Series F
- Total Funding till date: $1.25B
- Employee Count: 1,156 as on Sep 30, 2026
- Investors: TCV, General Atlantic and 50 Others
- Latest Funding Round: Series F, Jun 09, 2026, $*****
- Highlight: Editors' Pick
Lifeline Ventures' Year-on-Year Investment Trends
Lifeline Ventures has invested in 162 companies over the last 16 years, with an average of 8 new investments annually in the last 10 years. In 2025, it made 11 investments, while as of Oct 2026, it has made 18 investments in this year. Its most recent first time investment was in S-Transistors and most recent follow-on round was in Ambio.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 12 | 6 | 18 |
2025 | 7 | 4 | 11 |
2024 | 13 | 5 | 18 |
2023 | 12 | 3 | 15 |
2022 | 6 | 4 | 10 |
2021 | 9 | 4 | 13 |
2020 | 6 | 5 | 11 |
2019 | 4 | 4 | 8 |
2018 | 5 | 5 | 10 |
2017 | 7 | 4 | 11 |
Lifeline Ventures' Investments by Stage
Lifeline Ventures has made 99 investments in Seed stage with an average round size of $2.05M, 26 investments in Series A stage with an average round size of $12.7M and 1 investment in Angel stage.Stage of entry | No. of Investments |
|---|---|
Seed | 99 |
Series A | 26 |
Angel | 1 |
PE | 1 |
Post IPO | 1 |
Others | 1 |
Note: We have considered here, only first round of investments
Lifeline Ventures' Investments by Sector
Lifeline Ventures has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, Consumer, Sustainability Tech and Environment Tech. Notably, it has invested in 135 Tech companies, 103 Enterprise (B2B) companies, 75 Software companies and at least 48 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 48 |
High Tech | 41 |
Consumer | 19 |
Sustainability Tech | 19 |
Environment Tech | 13 |
Others | 163 |
Note: We have considered here, only first round of investments
Lifeline Ventures' Investments by Geography
Lifeline Ventures has made most investments in Finland (89), followed by United States where it has made 15 investments.Country | No. of Investments |
|---|---|
Finland | 89 |
United States | 15 |
United Kingdom | 8 |
Germany | 4 |
Denmark | 2 |
Others | 11 |
Note: We have considered here, only first round of investments
Lifeline Ventures' recent investments
Lifeline Ventures has made 18 investments in 2026 so far. Ambio and Verda are the latest among them.Here are the most recent investments by Lifeline Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Oct 14, 2026 | Finland | Seed | 4997 | [+1] | |
Sep 22, 2026 | Finland | Series B | 1135 | [+8] | |
Aug 31, 2026 | Finland | Seed | 9892 | - | |
Jul 16, 2026 | Finland | Series A | 9431 | [+4] | |
Jul 06, 2026 | Finland | Series A | 9271 | [+2] |
Unicorns in Lifeline Ventures' Portfolio
Lifeline Ventures has 5 unicorns in its portfolio - Verda, ICEYE, Oura and others. The most recent unicorn in their portfolio is Verda. It became a unicorn in 2026.Here is a list of unicorns in Lifeline Ventures' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
54 | Provider of cloud infrastructure for artificial intelligence workloads | 2017 | Helsinki | Series B | dihyisy | ||
73 | Manufacturer of radar satellite constellations providing persistent earth observation imagery | 2014 | Espoo | Series F | l{slqwd | ||
80 | Developer of a smart ring for sleep, fitness, stress, and health | 2013 | Oulu | Series E | knmj{pw | ||
63 | Provider of managed open source data technologies and cloud infrastructure | 2016 | Helsinki | Series D | vzsuwag | ||
68 | Manufacturer of supersonic passenger airplanes | 2014 | Denver | Series B | navoxgp |
IPOs and Publicly Listed companies in Lifeline Ventures' Portfolio
4 of Lifeline Ventures' portfolio companies have become public. SensoFusion got listed on the Helsinki Exchange (HEL), in Oct 2026 and Steady Energy got listed on the Helsinki Exchange (HEL) at marketcap of $374M.Here are Lifeline Ventures' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Oct 13, 2026 | Jan 08, 2026 | Series B | 4459 | |
Oct 02, 2026 | Jun 27, 2023 | Seed | 7094 | |
Dec 03, 2021 | 2021 | Post IPO | 6211 | |
Sep 18, 2020 | - | - | 9020 |
Acquired companies in Lifeline Ventures' Portfolio
30 companies from Lifeline Ventures' portfolio have been acquired. The most recent acquisition was Metacore in Oct 2026 by Supercell for $*****.Here are Lifeline Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Oct 19, 2026 | Mar 27, 2015 | Seed | 3080 | |
Jul 23, 2026 | Nov 26, 2021 | Seed | 7908 | |
Dec 16, 2025 | 2023 | Angel | 2342 | |
Dec 03, 2025 | Apr 19, 2016 | Seed | 2669 | |
Jan 07, 2025 | Dec 01, 2020 | Seed | 4194 |
Team profile of Lifeline Ventures
Lifeline Ventures has a team of 10 members including 7 Partners located in Finland and United States. Lifeline Ventures' team sits on the board of 1 company.Here is a list of all team members in Lifeline Ventures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Helsinki | - | - | |
Partner | Helsinki | - | ||
Partner | Helsinki | - | ||
Partner | - | - | ||
Partner | Austin | - | - | |
Partner | Helsinki | - | - | |
Partner | Helsinki | - | - |
Co-investors of Lifeline Ventures
Over the past 16 years, 504 investors have co-invested in Lifeline Ventures's portfolio companies. This includes funds and angels.
- Invested before Lifeline Ventures: Europa, EIC Fund and 61 others have invested in rounds before Lifeline Ventures. There are 4 companies where Europa has invested before Lifeline Ventures and 2 companies where EIC Fund has invested before Lifeline Ventures.
- Top Co-investors of Lifeline Ventures: 172 investors entered a company along with Lifeline Ventures. These include investors like Businessfinland (10 companies).
- Invested after Lifeline Ventures: A total of 269 investors have invested in Lifeline Ventures's portfolio after their investments. Top Investors include Tesi (10 companies), Europa (10 companies) and EIC Fund (8 companies).
Recent News related to Lifeline Ventures
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Finnish Startup Secures €5.1 Million Seed FundingArcticStartup•Oct 14, 2026•Ambio, Lifeline Ventures, b2venture, Montis Group
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Tesi continues to support Verda as the company becomes a unicorn with a EUR 163 million funding roundTesi•Sep 22, 2026•Tesi, Verda, Emergence Capital, Super Micro and 5 others
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S-Transistors Secures €2.6 Million Pre-Seed Funding for Quantum Computing Control MotherboardsQuantum Computing Report•Aug 31, 2026•Lifeline Ventures
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ICEYE Secures Over €1 Billion in Series F Funding, Valued Above €10 BillionMamStartup•Jun 09, 2026•ICEYE, General Atlantic, Tesi, TCV and 6 others
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NewOrbit Secures $18.5 Million for Commercial VLEO SatellitesTrending Topics•Jun 08, 2026•NewOrbit Space, Voyager, Atlantic.vc, Illusian and 1 other
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CurifyLabs raises $14 million to scale personalized medicine productionTesi•Jun 07, 2026•Tesi, CurifyLabs, Sandwater, Healthcap and 1 other
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CRACI Raises €1.4M Led By Lifeline Ventures to Expand Cybersecurity Compliance PlatformStartup Rise EU•May 19, 2026•First Fellow Partners, Wave Ventures, Lifeline Ventures
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Reduciner raises €3.6M from Voima Ventures, Lifeline Ventures to turn CO2 into fuelTech Funding News•May 05, 2026•Voima Ventures, Lifeline Ventures, Reduciner
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TheStorage Secures €3.6M to Expand Its Industrial Thermal Energy Storage SolutionsStartup Rise EU•Apr 24, 2026•Thestorage, Voima Ventures, Me-saatio, VTT and 4 others
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Proteins.1 Raises $4.7M in Pre-Seed FundingFinSMEs•Apr 20, 2026•Finpro, VTT, Lifeline Ventures, Cloudberry Ventures and 2 others
