About Springvest
Springvest is a venture capital firm founded in 2012. It is primarily based out of Helsinki, Finland. As of Sep 2025, Springvest is an active investor, having invested in 54 companies, with 1 new investment in the last 12 months. It primarily invests in Series A round in Finland based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Life Sciences. Most recently it participated in the $***** Series A round of ReOrbit Overall, Springvest portfolio has seen 2 IPOs and 9 acquisitions including key companies like Bioretec, Musopia and Edzcom. A lot of funds co-invest with Springvest, with names like Elo sharing a substantial percentage of its portfolio. Springvest has team of 24 people including 2 partners.Key Metrics
Springvest's List of Top Investments
Springvest has a portfolio of 54 companies. Their most notable investments are in ReOrbit and Karsa.Their portfolio spans across Finland and United States. They have invested in Enterprise Applications, High Tech, Life Sciences and 20 other sectors, across stages such as Series A, Seed and 4 more. Here is the list of top investments by Springvest:1. ReOrbit
Manufacturer of sovereign satellites and connected systems for national security. They provide secure space infrastructure for multi-domain operations and satellite solutions for civil applications. The company focuses on delivering advanced and cost-efficient technology. They partner with clients from initial concept to final deployment. The company empowers countries to develop national satellite technology for connected systems.
Key facts about ReOrbit
2. Tosibox
Provider of network and device security solutions for IoT applications. It offers solutions for secure remote connection to the internet that allows the implementation of solutions for the Internet of Things. Its chief offering is an IoT ecosystem comprising of modular components including Lock 500, SoftKey, and Virtual Central Lock. Lock 500 is a connectivity device for users to manage their operations and to build new IoT solutions. SoftKey is a software that enables a secure connection between computers providing visibility and control over the network devices connected to the Lock 500. Virtual Central Lock turns the ecosystem into a controlled IoT network of always-on VPN connections for remote maintenance, continuous monitoring, real-time data collection, and data logging. The technology can also be integrated into OEM devices. The target market includes building automation, industrial automation, the security industry.
Key facts about Tosibox
- Founded Year: 2011
- Location: Oulu (Finland)
- Stage: Series A
- Total Funding till date: $2.59M
- Employee Count: 104 as on Mar 31, 2026
- Investors: Nexit Ventures, 3TS Capital Partners and 1 Other
- Latest Funding Round: Series A, Sep 15, 2021, $*****
- Highlight: Editors' Pick
3. Bioretec
Provider of bioabsorbable, bioactive, and drug-releasing surgical implants. The products include bioabsorbable pins, nails, and various types of screws, including interference screws and antibiotic-releasing screws, as well as instruments. Its products, ActivaPin or ActivaNail are used in the fixation of radial head and neck fractures. ActivaScrew is used in the fixation of tibiofibular syndesmosis.CiproScrew is indicated for fixation of bone fractures, osteotomies, arthrodeses, bone grafts, and osteochondral fractures in the presence of appropriate immobilization when infection by a ciprofloxacin-sensitive organisms is a potential risk.
Key facts about Bioretec
- Founded Year: 1985
- Location: Tampere (Finland)
- Stage: Public
- Total Funding till date: $8.58M
- Employee Count: 59 as on Jun 30, 2026
- Investors: Springvest, Finnvera and 3 Others
- Latest Funding Round: Post IPO, Nov 27, 2024, $*****
- Highlight: Public
4. MultiTaction
MultiTaction offers table and wall-sized display systems using proprietary hardware and software designs. Its offerings are MT Showcase (presentation software), MT Canvus (Collaboration software), touch screens, video walls, optical markers and more. Claims that its solutions can support multiple touchpoints. Other features include hand detection, image capture via IR cameras, and more. Use cases are in boardroom meetings, classrooms, and museums. Clients are IBM, Flex, Australian War Museum and more.
Key facts about MultiTaction
- Founded Year: 2007
- Location: Helsinki (Finland)
- Stage: Series A
- Total Funding till date: $12.2M
- Employee Count: 18 as on Jun 30, 2026
- Investors: Veritas Technologies, Ilmarinen and 6 Others
- Latest Funding Round: Series A, Nov 30, 2016, $*****
- Highlight: Editors' Pick
5. Solar Foods
Developer of technology producing protein using air, electricity, and fermentation. The company focuses on creating a sustainable food source, independent of traditional agriculture. The protein can be used in various food applications, regardless of dietary requirements. The company’s production facility launched commercial production in April 2024.
Key facts about Solar Foods
- Founded Year: 2017
- Location: Lappeenranta (Finland)
- Stage: Series B
- Total Funding till date: $52.4M
- Employee Count: 74 as on Jun 30, 2026
- Investors: Lifeline Ventures, Springvest and 13 Others
- Latest Funding Round: Grant (prize money), Mar 04, 2025, $*****
Springvest's Year-on-Year Investment Trends
Springvest has invested in 54 companies over the last 14 years, with an average of 3 new investments annually in the last 10 years. In 2025, it made 4 investments. Its most recent first time investment was in ReOrbit and most recent follow-on round was in Volare.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 3 | 1 | 4 |
2024 | 0 | 2 | 2 |
2023 | 3 | 0 | 3 |
2022 | 1 | 1 | 2 |
2021 | 2 | 0 | 2 |
2020 | 0 | 0 | 0 |
2019 | 4 | 1 | 5 |
2018 | 5 | 1 | 6 |
2017 | 5 | 1 | 6 |
Springvest's Investments by Stage
Springvest has made 20 investments in Series A stage with an average round size of $7.01M, 19 investments in Seed stage with an average round size of $1.01M and 3 investments in Series B stage with an average round size of $9.54M.Stage of entry | No. of Investments |
|---|---|
Series A | 20 |
Seed | 19 |
Series B | 3 |
Unattributed | 3 |
Conventional Debt | 2 |
Others | 1 |
Note: We have considered here, only first round of investments
Springvest's Investments by Sector
Springvest has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, Life Sciences, Sustainability Tech and HealthTech. Notably, it has invested in 42 Tech companies, 37 Enterprise (B2B) companies, 24 Software companies and at least 13 companies focusing on Tech hardware.Sector | No. of Investments |
|---|---|
Enterprise Applications | 13 |
High Tech | 13 |
Life Sciences | 10 |
Sustainability Tech | 9 |
HealthTech | 7 |
Others | 37 |
Note: We have considered here, only first round of investments
Springvest's Investments by Geography
Springvest has made most investments in Finland (46), followed by Singapore where it has made 1 investment.Country | No. of Investments |
|---|---|
Finland | 46 |
Singapore | 1 |
United States | 1 |
Note: We have considered here, only first round of investments
Springvest's recent investments
Springvest has not made any investment in 2026 so far.Here are the most recent investments by Springvest:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Sep 09, 2025 | Finland | Series A | 7000 | [+5] | |
May 27, 2025 | Finland | Series A | 2008 | [+5] | |
May 27, 2025 | Finland | Conventional Debt | 2452 | [+4] | |
May 27, 2025 | Finland | Series A | 1140 | - | |
Apr 26, 2024 | Finland | Series B | 8713 | - |
IPOs and Publicly Listed companies in Springvest's Portfolio
2 of Springvest's portfolio companies have become public. Bioretec got listed on the Nordic and Baltic regions (NASDAQ OMX), in Sep 2021 at marketcap of $132M.Here are Springvest's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Sep 28, 2021 | Sep 11, 2018 | Unattributed | 7633 | |
- | Feb 01, 2015 | Seed | 5201 |
Acquired companies in Springvest's Portfolio
9 companies from Springvest's portfolio have been acquired. The most recent acquisition was Leadoo in Nov 2024 by SalesManago for $*****.Here are Springvest's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Nov 26, 2024 | Jan 26, 2021 | Series A | 2901 | |
Aug 26, 2024 | Jun 30, 2018 | Series A | 5675 | |
Mar 18, 2024 | Mar 03, 2018 | Seed | 6743 | |
Nov 10, 2023 | Jun 01, 2017 | Series B | 7287 | |
Jun 15, 2021 | Dec 2019 | Series B | 9596 |
Team profile of Springvest
Springvest has a team of 24 members including 2 Partners and 11 Principals located in Finland. Springvest's team does not sit on the board of any company as of now.Here is a list of top team members in Springvest:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Helsinki | - | ||
Partner | Helsinki | - | ||
Principal | Helsinki | - | ||
Principal | Kokkola | - | ||
Principal | Hyvinkaa | - | ||
Principal | Espoo | - | ||
Principal | - | - | ||
Principal | Finland | - | ||
Principal | - | - | ||
Principal | - | - | ||
Principal | Espoo | - |
Co-investors of Springvest
Over the past 14 years, 100 investors have co-invested in Springvest's portfolio companies. This includes funds and angels.
- Invested before Springvest: Europa, Businessfinland and 59 others have invested in rounds before Springvest. There are 13 companies where Europa has invested before Springvest and 5 companies where Businessfinland has invested before Springvest.
- Top Co-investors of Springvest: 15 investors entered a company along with Springvest. These include investors like Elo (1 company).
- Invested after Springvest: A total of 24 investors have invested in Springvest's portfolio after their investments. Top Investors include EIC Fund (5 companies), Europa (3 companies) and Tesi (2 companies).
Recent News related to Springvest
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ReOrbit raises €45M to build Europe's satellites; Founder Sethu Saveda Suvanam leads the charge.Tech Funding News•Sep 09, 2025•ReOrbit, , Varma Capital, Castren and 1 other
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Volare Raises €26M to Turn Food Waste into High-Value ProteinTech Funding News•May 27, 2025•Volare, Maki, Firstminute Capital, Springvest and 3 others
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Agronomics investee raises additional EUR8 millionMorningstar•Apr 26, 2024•Agronomics, Solar Foods, Springvest
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Finland’s Desentum raises €12M to advance allergy vaccine developmentAIN.Capital•Feb 20, 2024•Desentum, Springvest
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Finnish investors back Solar Foods alternative “protein from air” innovation with €8 million financingFoodIngredientsFirst•Nov 21, 2023•Solar Foods, Springvest
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Solar Foods: Solein Air Protein Maker Bags $8.8M in Series B Funding for New 2024 FactoryGreen Queen•Nov 21, 2023•VTT Ventures, Fazer, Lifeline Ventures, Happiness Capital and 3 others
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Image Space raises 16.6 million eurosSpaceNews•Nov 01, 2023•Kuva Space, Voima Ventures, Nordic FoodTech VC, Earth Venture Capital and 4 others
