INVESTOR NOTES / 001ANGEL INVESTOR / Helsinki, Finland
KNOW THE INVESTOR. SHARPEN THE PITCH.

Angel investor · Helsinki, Finland

Risto Siilasmaa.

Recorded investments.
A clearer sense of fit.

Find where your company fits, how rounds are assembled, and what happened after the first investment.

THE ENTRY PATTERN2015–2026
50%

of dated first investments
were at Angel, Pre-Seed or Seed

First investment stage across 8 companies4 Seed, 0 Angel and 4 other-stage entries. Each dot represents one company.
Seed 4Angel 0Other 4

One dot = one company at first recorded investment.

8 companies · 9 recorded equity rounds
Dataset’s latest round 22 May 2026/Latest recorded investment 08 Jul 2025
THE FOUNDER’S BRIEF

Read the pattern before the pitch.

Written insights from the recorded portfolio, with the evidence linked below.

01

Start with the first entry

Risto Siilasmaa has dated investments in 8 companies. 4 first entries were at Angel, Pre-Seed or Seed (50.0%). An early-stage founder can use the sector and stage filters to find comparable companies before approaching the investor.

Explore the evidence ↗
02

Separate activity from reputation

2 first company relationships appear in the latest 24 months, compared with 0 in the preceding window. The latest recorded investment is 2025-07-08. This describes observed activity through 2026-05-22; it does not establish current availability.

Explore the evidence ↗
03

Plan the next financing step

3 of 6 companies with a full 24-month observation window raised another equity round. This investor backed 1 of those companies again within that window. The difference is a reason to research the wider syndicate, rather than assume the same investor will fund the next round.

Explore the evidence ↗
04

Use a specific point of relevance

Artificial Intelligence is the largest displayed sector by company count, appearing in 2 portfolio companies; sector tags overlap. 0 first entries carry a recorded lead flag and the median first-round syndicate includes 4 other named backers. Shared rounds are evidence of co-investment, not evidence of an introduction route.

Explore the evidence ↗
01 / THE READOUT

Four signals before you pitch.

Start with observed behavior.
Every rate has a defined denominator.

01 — ROUND CONTEXT
$1.6M–$11M

The middle half of entry rounds

25th–75th percentile across 8 disclosed first rounds. Total round size; the investor’s own cheque is undisclosed.

Size your round ↗
02 — NEW RELATIONSHIPS
2companies

First investments in the last 24 months

22 May 2024–22 May 2026, versus 0 in the preceding 24 months.

See the rhythm ↗
03 — NEXT FINANCING
50%

Another equity round within 24 months

3 of 6 companies with a full observation window. The next round can include any investor.

Follow the path ↗
04 — REPEAT BACKING
17%

This investor invested again within 24 months

1 of the same 6 companies. Build a financing plan around the wider investor market.

Explore co-investors ↗
02 / FIND YOUR FIT

Where does your company sit?

Choose your sector and stage to find
companies he first backed in that space.

YOUR COMPANY

A match means a recorded investment in this category. It does not establish current interest or availability.

8matching companies
$2.5Mmedian first round (8 disclosed)
2first backed in last 24 months

All sectors · All entry stages. Round amounts are total financing, in USD.

Seed

Donut Lab ↗

Developer of in-wheel electric motor platform

$29M total first round
Series A

Inven ↗

AI-based financial data platform for M&A professionals to find acquisition targets companies

$13M total first round
Seed

Aito ↗

AI based application development using SQL syntax

$1.4M total first round
Explore matching portfolio companies ↓

The sector × stage map

First investments · companies can appear in more than one sector
Number of first investments by sector and entry stage. Select a cell to explore companies.
SectorSeedSeries AAll stages
Artificial Intelligence2
Native AI in Software Development2
Cybersecurity2
EV Powertrain Systems1
Electric Vehicles1
Green Transport1
Data as a Service1
03 / ROUND DESIGN

The round around the investor.

Use stage-specific financing ranges
to frame the size of your syndicate.

First-round size, by entry stage

USD · middle 50% and median
Seed4 disclosed
$1.6M$1.2M–$8.6M
Series A4 disclosed
$6.4M$2.7M–$11M
$10K$100K$1M$10M

Logarithmic scale. A dot marks the median; the band spans the 25th–75th percentiles. These are entire rounds, not individual cheques.

04 / WHAT HAPPENS NEXT

One investment. Two different paths.

A subsequent round and repeat backing
answer different fundraising questions.

6
companies with 24 months
of observable history

Raised another equity round

Any investor · within 24 months
50%
3 of 6 companies

Backed again by this investor

A subset of the companies above
16.7%
1 of 6 companies
i

Includes first investments on or before 22 May 2024. 2 newer companies and 0 undated histories are excluded. Follow-up stops at the dataset’s latest round on 22 May 2026. These observations do not measure returns or predict a company’s outcome.

See the stage-by-stage denominators +
First stageEligible companiesNext round ≤24 moSame investor again ≤24 mo
Seed31 / 30 / 3
Series A32 / 31 / 3
05 / INVESTMENT RHYTHM

New names. Returning relationships.

Separate first investments from later
rounds in companies already backed.

New companiesRepeat rounds

*2026 is partial, through 22 May. Bar height counts first investments + repeat rounds; earlier years are complete calendar periods in this dataset.

06 / THE CO-INVESTOR MAP

Who else belongs on your research list?

Frequent shared rounds suggest a place
to investigate sector and stage alignment.

01
FIRM

Lifeline Ventures

3 shared rounds · 3 companies

Latest shared round May 2025
03
FIRM

Inventure

2 shared rounds · 2 companies

Latest shared round Nov 2015
04
ANGEL

Ali Omar

1 shared rounds · 1 companies

Latest shared round Dec 2018
05
FIRM

Business Finland

1 shared rounds · 1 companies

Latest shared round May 2019
06
ANGEL

Christian Jantzen

1 shared rounds · 1 companies

Latest shared round Dec 2018

Shared rounds establish recorded co-investment. They do not establish a personal connection, introduction route, or current willingness to invest.

07 / THE EVIDENCE

Explore the portfolio.

First investment comes first.
Amounts refer to that entry round.

8 dated companies
Complete dated portfolio, ordered by first investment, newest first.
CompanyFirst backedEntry stageTotal entry roundSame investor again?
Jul 2025Seed$29MNo later round recorded
Inven ↗Helsinki
May 2025Series A$13MNo later round recorded
Aito ↗Vantaa
May 2019Seed$1.4MNo later round recorded
Aiven ↗Helsinki
May 2019Series A$10MNo later round recorded
Meeshkan ↗Helsinki
Dec 2018Seed$418KNo later round recorded
HoxHunt ↗Helsinki
Oct 2018Series A$2.9MNo later round recorded
Wolt ↗Helsinki
Nov 2015Series A$2.1MYes · Apr 2016
Detectify ↗Stockholm
Mar 2015Seed$1.7MNo later round recorded
0 more companies have undated investments

Kept in the 8-company portfolio; excluded from entry-timing calculations.

    RESEARCH THE FIT. THEN MAKE THE CASE.

    Your pitch starts with
    your company.

    Research your market ↗
    RADAR / COMPANY DISCOVERY

    Find the businesses
    worth a closer look.

    Search Helsinki, Finland investor companies in Radar. Filter the company directory to explore the businesses behind your market and investor research.

    Explore companies in Radar ↗
    FLIAR / CUSTOM DASHBOARD SERVICE

    A research dashboard.
    Built for your company.

    We build customized research dashboards for companies. Tell us which competitors, markets and questions matter to your team, and discuss a dashboard designed around your needs.

    Discuss a custom dashboard ↗A customized service from Fliar. Contact us to discuss your requirements.
    FLIAR PRISM / RESEARCH TOOL

    Turn your questions
    into deeper research.

    Use Fliar Prism to research a company, market or topic, with reports and insights drawn from its research dataset.

    Explore Fliar Prism ↗Start with the company or question you want to understand.
    CONTINUE YOUR RESEARCH

    Continue with Radar

    Sign in to Radar to continue researching this investor.

    Sign in to Radar ↗