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Investors / Finland / Butterfly Ventures

Butterfly Ventures

Venture capital · Oulu, Finland · Europe

butterfly.vc

Butterfly Ventures is a venture capital firm founded in 2012 that invests at the seed stage, with offices in Oulu, Helsinki, Stockholm, Tallinn and Copenhagen. It reports 77M€ under management and describes itself as one of the most active early stage VCs in the Nordic region.

Invests inIndustrial & ManufacturingHealthcare & Biotech

In its own wordsdeep techhardwareimpactsustainabilitynordicsseed

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48portfolio companies
5funding rounds on record2 led
4rounds, last 12 months
$5M to $20Mtypical round it comes in at
Seedmost frequent entry
47 million euroslatest fund

Butterfly Ventures lists 48 checked portfolio companies on its own site and is named in 5 funding rounds, 2 of them as lead. Its most frequent entry is Seed, 50% of the companies with a known first round. Its largest themes are Industrial & Manufacturing (33%), Healthcare & Biotech (16%) and AI & Machine Learning (12%). 56% of its companies are based in Finland. It invests most often alongside Springvest, Almi and Chalmers Ventures.

Counts come from funding rounds that name Butterfly Ventures, complete from mid-2025: earlier rounds appear only when they were reported later. Round amounts and full round histories are on Fundup AI.

Round figures show recent activity, not Butterfly Ventures' whole history. Rounds on record name 5 companies; its own site lists 48. Funding rounds are complete from mid-2025, so counts and the yearly trend undercount a firm that invested before then. The portfolio, themes and places come from its own site and are not affected.

Entry stage

share of companies by the stage of its first round
Show as a table
Share of companies by the stage of the firm's first round
Value
Pre-seed0%
Seed50%
Series A50%
Series B0%
Growth0%

Activity by year

rounds it joined, last 10 years
Show as a table
Funding rounds per year
TotalRounds it led
'1700
'1800
'1900
'2000
'2100
'2200
'2300
'2400
'2511
'2641

Investor profile

percentile among all firms
Portfolio size: 48 companiesRecent activity: 4 rounds in 12 monthsEarly stage: 50% of entries at pre-seed or seedEvidence: 6% of companies confirmed by a roundSector focus: 33% in its largest sectorReach: 5 countriesPortfolio size82th pctRecent activity82th pctEarly stage73th pctEvidence68th pctSector focus58th pctReach78th pct
This firmMedian of all firms
Show as a table
Butterfly Ventures compared with all firms
MeasurePercentile of all firmsValue
Portfolio size82th48 companies
Recent activity82th4 rounds in 12 months
Early stage73th50% of entries at pre-seed or seed
Evidence68th6% of companies confirmed by a round
Sector focus58th33% in its largest sector
Reach78th5 countries

Investment themes

share of its checked companies

This firmAll checked companies

Show as a table
Investment themes
This firmAll checked companies
Industrial & Manufacturing33%7%
Healthcare & Biotech16%15%
AI & Machine Learning12%18%
Consumer8%3%
Real Estate & Construction8%3%
Robotics & Hardware4%1%
Enterprise Software4%8%
Education4%7%

Invests most often with

firms sharing its portfolio companies
Show as a table
Co-investors
Share
Springvest3
Almi2
Chalmers Ventures2
Innovestor2
Sarsia2
Superhero Capital2
Voima Ventures2
01Ventures1

All co-investors

Its portfolio companies

where they are based, and what their own sites show

Headquarters

Site status

  • Site answers4594%
  • No longer answers00%
  • Points to another company36%
  • Parked or sold domain00%

A site that stops answering three checks in a row is counted as no longer answering; that is not proof of closure. A site that points to another company is often an acquisition.

Compare Butterfly Ventures head to head

portfolio size, rounds, entry stages, themes and the companies both back

Three or more firms at once: portfolio overlap.

Funds

from public registers and its site
Butterfly Venture Fund IV"47 million euros" on its site
Butterfly Venture Fund IV KyEuVECA fund registered with FSA, ESMA register

Recent portfolio activity

when companies last raised with Butterfly Ventures
DateCompanyStage
17 Aug 2026Birdsviewbirdsview.aiSeed
29 May 2026Elonroadelonroad.comSeries A
26 Feb 2026Zennizzenniz.comSeries A Led
12 Jan 2026Polar Light Technologiespolar-light-technologies.comRound
5 Nov 2025Drevdrev.techSeed Led

Round details for Butterfly Ventures

Amounts, full round histories and every co-investor in Butterfly Ventures' rounds are on Fundup AI. VCinfo covers investors and their portfolios.

See rounds on Fundup AI →

Portfolio

48 companies checked against their own sites
CompanyWhat it doesThemesFirst round with itEvidence
10LINES10linesrobots.comThe company produces autonomous pavement marking robots.
Robotics & Hardware
Portfolio page
3AWater3awater.com3AWater provides a system for monitoring metal levels in industrial waters to make informed decisions faster and avoid costly delays, production issues and environmental incidents.
Industrial & ManufacturingEnterprise Software
Portfolio page
Ampliconyxampliconyx.comAmpliconyx develops, manufactures and delivers gain modules, fiber lasers and amplifiers for demanding high-power applications.
Industrial & ManufacturingAI & Machine Learning
Portfolio page
Asthmatunerasthmatuner.se · Sweden
Healthcare & Biotech
Portfolio page
Atiumatium.se · SwedenAtium develops innovative water treatment technologies for the removal of mercury from water and other fluids.
Industrial & ManufacturingHealthcare & Biotech
Portfolio page
Birdsviewbirdsview.ai · NorwayBirdsview provides 3D concrete scanning and rebar mapping services using non-destructive methods like ground penetrating radar and 3D tracking.
Consumer
Aug 2026SeedFunding round
Cerenioncerenion.com · FinlandCerenion provides innovative solutions for practical EEG monitoring in acute healthcare.
Healthcare & Biotech
Portfolio page
Coolbrookcoolbrook.comCoolbrook replaces fossil-fuel combustion in industrial production with clean electricity using its RotoDynamic Technology.
Industrial & ManufacturingClimate & Energy
Portfolio page
CooliBladecooliblade.comCooliBlade develops and provides thermal management solutions for power electronics
Industrial & ManufacturingSpace & Defense
Portfolio page
Creoircreoir.com · FinlandCreoir develops voice AI technologies for mission-critical systems, particularly in defence environments.
AI & Machine LearningCybersecurity
Portfolio page
Cubi.casacubi.casa
Portfolio page
CyberCoachcybercoach.comCyberCoach provides security and AI skills training in Teams and Slack
CybersecurityAI & Machine Learning
Portfolio page
Drevdrev.tech · SwedenDrev develops tools and services that enable manufacturers to safely capture, recycle, and reuse particles, transforming waste into a resource.
Industrial & Manufacturing
Nov 2025SeedFunding round
Elonroadelonroad.com · SwedenElonroad provides smart, cable-free charging solutions for electric vehicles.
Industrial & ManufacturingMobility & Logistics
May 2026Series APage + round
Embedlembedl.comEmbedl helps deploy PyTorch models to production
AI & Machine Learning
Portfolio page
Fjuulfjuul.com · FinlandFjuul harnesses the potential of data to help promote and reward physical activity as part of an engaging insurance, health service, or corporate wellbeing offering
Healthcare & BiotechFintech
Portfolio page
Flow Computingflow-computing.comFlow Computing enables next generation SuperCPUs with its Parallel Processing Unit (PPU) technology
Healthcare & BiotechRobotics & Hardware
Portfolio page
GBuildergbuilder.comGBuilder empowers real estate development and construction projects to streamline processes and achieve their goals
Real Estate & ConstructionEnterprise Software
Portfolio page
Geyser Batteriesgeyserbatteries.com · FinlandGeyser Batteries develops water-based storage engineered for sub-10-millisecond response and 100,000+ cycles for various applications including AI data centers and grid stabilization.
EducationIndustrial & Manufacturing
Portfolio page
Happyplantproteinhappyplantprotein.comThe company produces plant-based ingredients from flours for use in food products.
Food & Agriculture
Portfolio page

About this data

site last read 5 Nov 2026
The homepage of Butterfly Ventures, as last read
butterfly.vc as VCinfo last read it
Site
butterfly.vc
Last read
5 Nov 2026
Watching since
6 Nov 2026
Rounds since
5 Nov 2025
Companies checked
48

Rates come from what VCinfo has observed since observation_start. Firms tend to remove companies that closed, so early rates understate reality. A company leaving a portfolio page does not mean it closed or exited. An unreachable site means our checks failed, nothing more.

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