_1557116690131.png?format=webp&height=120&width=120){kind=logo}
About Voima Ventures
Voima Ventures is a venture capital firm founded in 2019. It is primarily based out of Espoo, Finland. As of May 2026, Voima Ventures is an active investor, having invested in 58 companies, with 7 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 High Tech to Enterprise Applications and Life Sciences. Most recently it participated in the $***** Series A round of Reduciner Overall, Voima Ventures portfolio has seen 1 IPO and 4 acquisitions including key companies like Dispelix, Quantagonia and Sofi Filtration. A lot of funds co-invest with Voima Ventures, with names like Lifeline Ventures sharing a substantial percentage of its portfolio. Voima Ventures has team of 5 people including 2 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Rounds of Entry
Seed, Series A & 2 more
Portfolio IPOs
Portfolio Acquisitions
Portfolio Soonicorns
Deals in last 12 months
Voima Ventures' List of Top Investments
Voima Ventures has a portfolio of 58 companies. Their most notable investments are in Thestorage and Nucu.Their portfolio spans across Finland, Sweden, Estonia and 4 more locations. They have invested in High Tech, Enterprise Applications, Life Sciences and 17 other sectors, across stages such as Seed, Series A and 2 more. Here is the list of top investments by Voima Ventures:
1. QuantrolOx
Provider of AI-enabled quantum computing software. It develops a machine learning-based software for quantum computers to tune, control, and optimise solid-state qubits. Its features include real-time data interpretation, patterns recognization, and qubit stabilization.
Key facts about QuantrolOx
- Founded Year: 2021
- Location: Espoo (Finland)
- Stage: Seed
- Total Funding till date: $15.9M
- Employee Count: 35 as on May 31, 2026
- Investors: 2xN, Voima Ventures and 10 Others
- Latest Funding Round: Seed, Mar 07, 2023, $*****
- Highlight: Editors' Pick
2. TactoTek
Key facts about TactoTek
- Founded Year: 2011
- Location: Oulunsalo (Finland)
- Annual Revenue: $1M - $10M as on Dec 31, 2023
- Stage: Series E
- Total Funding till date: $129M
- Employee Count: 85 as on Mar 31, 2026
- Investors: Voima Ventures, Ascend Capital Partners and 28 Others
- Latest Funding Round: Series E, Jan 09, 2025, $*****
- Highlight: Editors' Pick
3. Hormona
Provider of a home-based test for tracking hormone levels. The company offers first of its kind at-home hormone test, connected to the Hormona hormone tracking app, to test hormone levels in the comfort of your home and can receive personalized insights. Also, users can track symptoms of the menstrual cycle and hormones.
Key facts about Hormona
- Founded Year: 2019
- Location: London (United Kingdom)
- Stage: Seed
- Total Funding till date: $11M
- Employee Count: 28 as on May 31, 2026
- Investors: Voima Ventures, Techstars and 9 Others
- Latest Funding Round: Seed, May 27, 2025, $*****
- Highlight: Editors' Pick
4. Enifer
Sustainable mycoprotein ingredients for food, aquafeed, and pet food applications. This biotech company upcycles agri-food byproducts into planet-friendly mycoprotein using fungal fermentation. They offer PEKILO® products, a versatile and nutritious protein source with neutral taste and color, ideal as a drop-in ingredient. Their products include PEKILO® for food, PEKILO®Aqua for sustainable aquaculture, and PEKILO®Pet for planet-friendly pet food. The company focuses on sustainability, reducing GHG emissions, and minimizing water and land use. They are committed to making planet-friendly protein accessible throughout the food chain, offering a sustainable alternative to animal and soy protein. They are open for partnerships and discussions with investors and media.
Key facts about Enifer
- Founded Year: 2019
- Location: Espoo (Finland)
- Stage: Series B
- Total Funding till date: $28.3M
- Employee Count: 41 as on May 31, 2026
- Investors: Taaleri, Voima Ventures and 9 Others
- Latest Funding Round: Conventional Debt, May 23, 2024, $*****
5. Dispelix
Developer of waveguide displays for augmented reality devices and glasses. These transparent waveguides optically combine the real and virtual worlds. The company's designs redefine the form, function, and feel of augmented reality devices. Waveguides are designed for stable, scalable mass production using proven materials and methods.
Key facts about Dispelix
- Founded Year: 2015
- Location: Espoo (Finland)
- Stage: Acquired
- Total Funding till date: $54.6M
- Employee Count: 85 as on May 31, 2026
- Investors: Atlantic Bridge, Voima Ventures and 8 Others
- Latest Funding Round: Series B, Nov 08, 2021, $*****
- Highlight: Acquired
Voima Ventures' Year-on-Year Investment Trends
Voima Ventures has invested in 58 companies over the last 14 years, with an average of 4 new investments annually in the last 10 years. In 2025, it made 9 investments, while as of May 2026, it has made 4 investments in this year. Its most recent first time investment was in Reduciner and most recent follow-on round was in Avenue Biosciences.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 3 | 1 | 4 |
2025 | 7 | 2 | 9 |
2024 | 7 | 3 | 10 |
2023 | 5 | 2 | 7 |
2022 | 4 | 3 | 7 |
2021 | 3 | 0 | 3 |
2020 | 6 | 0 | 6 |
2019 | 3 | 0 | 3 |
2018 | 1 | 1 | 2 |
2017 | 1 | 1 | 2 |
Voima Ventures' Investments by Stage
Voima Ventures has made 31 investments in Seed stage with an average round size of $2.4M, 13 investments in Series A stage with an average round size of $6.29M, 1 investment in Conventional Debt stage with an average round size of $1.09M and 1 investment in Series B stage with an average round size of $5.47M.Stage of entry | No. of Investments |
|---|---|
Seed | 31 |
Series A | 13 |
Conventional Debt | 1 |
Series B | 1 |
Note: We have considered here, only first round of investments
Voima Ventures' Investments by Sector
Voima Ventures has a diverse portfolio, with companies operating in the High Tech, Sustainability Tech, Enterprise Applications, Life Sciences and Environment Tech. Notably, it has invested in 45 Tech companies, 44 Enterprise (B2B) companies, 20 Software companies and at least 15 companies focusing on Tech hardware.Sector | No. of Investments |
|---|---|
High Tech | 18 |
Sustainability Tech | 11 |
Enterprise Applications | 10 |
Life Sciences | 10 |
Environment Tech | 6 |
Others | 45 |
Note: We have considered here, only first round of investments
Voima Ventures' Investments by Geography
Voima Ventures has made most investments in Finland (34), followed by Sweden where it has made 7 investments.Country | No. of Investments |
|---|---|
Finland | 34 |
Sweden | 7 |
Estonia | 1 |
Germany | 1 |
Norway | 1 |
Others | 2 |
Note: We have considered here, only first round of investments
Voima Ventures' recent investments
Voima Ventures has made 4 investments in 2026 so far. Reduciner and Thestorage are the latest among them.Here are the most recent investments by Voima Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
May 05, 2026 | Finland | Series A | 6042 | [+2] | |
Apr 23, 2026 | Finland | Seed | 2435 | [+2] | |
Mar 04, 2026 | Norway | Series A | 9225 | [+4] | |
Jan 12, 2026 | United States | Seed | 3882 | [+4] | |
Nov 27, 2025 | Finland | Seed | 9739 | [+2] |
IPOs and Publicly Listed companies in Voima Ventures' Portfolio
1 of Voima Ventures' portfolio company became public - Sofi Filtration.Here are Voima Ventures' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
- | Oct 15, 2020 | Series A | 3064 |
Acquired companies in Voima Ventures' Portfolio
4 companies from Voima Ventures' portfolio have been acquired. The most recent acquisition was Dispelix in Dec 2025 by AAC Technologies for $*****.Here are Voima Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Dec 03, 2025 | Apr 19, 2016 | Seed | 8444 | |
Aug 20, 2025 | Dec 2021 | Seed | 7898 | |
Nov 28, 2024 | - | - | 9562 | |
Nov 01, 2019 | - | - | 4736 |
Team profile of Voima Ventures
Voima Ventures has a team of 5 members including 2 Partners, 1 Venture Partner and 1 Principal located in Finland and Sweden. Voima Ventures' team does not sit on the board of any company as of now.Here is a list of all team members in Voima Ventures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Helsinki | - | - | |
Partner | Finland | - | - | |
Venture Partner | Helsinki | - | ||
Principal | Uppsala | - |
Co-investors of Voima Ventures
Over the past 14 years, 169 investors have co-invested in Voima Ventures's portfolio companies. This includes funds and angels.
- Invested before Voima Ventures: Europa, EIC Fund and 26 others have invested in rounds before Voima Ventures. There are 6 companies where Europa has invested before Voima Ventures and 4 companies where EIC Fund has invested before Voima Ventures.
- Top Co-investors of Voima Ventures: 71 investors entered a company along with Voima Ventures. These include investors like Lifeline Ventures (3 companies).
- Invested after Voima Ventures: A total of 70 investors have invested in Voima Ventures's portfolio after their investments. Top Investors include Europa (9 companies), Businessfinland (4 companies) and Tesi (4 companies).
Recent News related to Voima Ventures
•
Reduciner raises €3.6M from Voima Ventures, Lifeline Ventures to turn CO2 into fuelTech Funding News•May 05, 2026•Voima Ventures, Lifeline Ventures, Reduciner
•
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
•
Oslo’s Photoncycle raises €15 million to enable households to store surplus summer solar power for winter useEU-Startups•Mar 04, 2026•Photoncycle, NordicNinja, Voima Ventures, Thenordicventure and 4 others
•
Welsh biotech raises £7m for AI-designed antibodiesUKTN•Mar 03, 2026•Photoncycle, NordicNinja, Voima Ventures
•
Finland's Top 10 VCs Drive €1.5B Startup SurgeTech Funding News•Jan 26, 2026•Kvanted, Businessfinland, Voima Ventures, Maki and 2 others
•
Finnish biotech Avenue Biosciences raises $5.7M to scale protein engineering technologyAin•Jan 12, 2026•Avenue Biosciences, Tesi, Balnord, University of Helsinki and 4 others
•
•
Agate Sensors receives €5.6M funding for 'superhuman' vision techSilicon Canals•Sep 09, 2025•Agate Sensors, LIFTT, Voima Ventures, Finpro and 1 other
•
Stockholm's Farang Raises €1.5 Million in Pre-Seed FundingStartup Rise EU•Aug 27, 2025•Avanti F&B, Voima Ventures, AMD, Amadeus Capital and 3 others
•
