25 investors have funded 11 CFO Stack companies head-officed in Helsinki, across 32 rounds (Mar 2001 – Jun 2025). They are ranked by how many Helsinki companies in this market they have actually backed.
"In Helsinki" describes the companies, not the investor: most of the money in any city comes from somewhere else, and the Where the money comes from section below shows exactly where it came from here.
Ranked by companies backed in this market and city, then by round count. "Led" counts rounds recorded with this investor as lead.
| # | Investor | Based in | Stages here | Companies | Rounds | Led | Latest | Portfolio total |
|---|---|---|---|---|---|---|---|---|
| 1 | CapMan | Helsinki, Finland | Series ASeed | 2 | 2 | 1 | Oct 2022 | 54 |
| 2 | Icebreaker | Helsinki, Finland | SeedSeries ASeries B | 1 | 4 | 1 | Jun 2025 | 99 |
| 3 | Global Founders Capital | Berlin, Germany | SeedSeries A | 1 | 2 | 1 | May 2023 | 563 |
| 4 | DN Capital | London, United Kingdom | Series ASeries B | 1 | 2 | 1 | Jun 2025 | 147 |
| 5 | FPV Ventures | San Francisco, United States | Series ASeries B | 1 | 2 | 1 | Jun 2025 | 28 |
| 6 | Digital Currency Group | Stamford, United States | Seed | 1 | 1 | — | Jul 2024 | 223 |
| 7 | Accion | Washington, DC, United States | Seed | 1 | 1 | 1 | Jul 2024 | 117 |
| 8 | Susquehanna Growth Equity | Bala Cynwyd, United States | Series C | 1 | 1 | 1 | Sep 2022 | 89 |
| 9 | Activant Capital | Greenwich, United States | Series B | 1 | 1 | 1 | Jun 2025 | 59 |
| 10 | Maki | Helsinki, Finland | Seed | 1 | 1 | 1 | Jan 2021 | 56 |
| 11 | CyLon | Seed | 1 | 1 | 1 | Dec 2015 | 51 | |
| 12 | NFT Ventures | Stockholm, Sweden | Seed | 1 | 1 | 1 | Feb 2017 | 29 |
| 13 | Viking Venture | Trondheim, Norway | Post-IPO | 1 | 1 | 1 | Dec 2022 | 29 |
| 14 | Wave Ventures | Helsinki, Finland | Seed | 1 | 1 | — | Feb 2025 | 27 |
| 15 | Fondation Botnar | Basel, Switzerland | Seed | 1 | 1 | — | Jul 2024 | 25 |
| 16 | Nexit Ventures | Helsinki, Finland | Series A | 1 | 1 | 1 | Mar 2001 | 18 |
| 17 | AngelHub | Hong Kong, China | Seed | 1 | 1 | — | Jul 2024 | 17 |
| 18 | 70V | Vilnius, Lithuania | Seed | 1 | 1 | — | Jan 2021 | 16 |
| 19 | Greencode Ventures | Helsinki, Finland | Seed | 1 | 1 | 1 | Feb 2025 | 12 |
| 20 | Rally Cap VC | San Francisco, United States | Seed | 1 | 1 | — | Jul 2024 | 11 |
| 21 | Carabela | Guadalajara, Mexico | Seed | 1 | 1 | — | Jul 2024 | 9 |
| 22 | Chile Ventures | Santiago, Chile | Seed | 1 | 1 | 1 | Jul 2024 | 9 |
| 23 | New Ventures Capital | Seed | 1 | 1 | — | Jul 2024 | 6 | |
| 24 | Juuri Partners | Helsinki, Finland | PE | 1 | 1 | — | Oct 2019 | 4 |
| 25 | River Venture Partners | Amsterdam, Netherlands | Seed | 1 | 1 | — | Jan 2021 | 2 |
Head office of the investors on this page.
Rounds by stage — where in a company's life this money arrives.
Total disclosed size of each round, not one investor's share.
How active this market has been.
CFO Stack companies head-officed in Helsinki that took money from these investors.
| Company | Backers | Rounds | Disclosed | Latest round |
|---|---|---|---|---|
| Moffin moffin.com |
8 | 8 | $16.8M | Seed Jul 2024 |
| AI Bidia aibidia.com |
5 | 11 | $178.5M | Series B Jun 2025 |
| Calqulate calqulate.io |
3 | 3 | $5.5M | Seed Jan 2021 |
| Exidio exidio.com |
2 | 2 | $6.4M | Series A Mar 2001 |
| Sustashift sustashift.com |
2 | 2 | — | Seed Feb 2025 |
| Sievo sievo.com |
1 | 1 | $44M | Series C Sep 2022 |
| Aves Netsec avesnetsec.com |
1 | 1 | $22.8K | Seed Dec 2015 |
| UKKO ukko.fi |
1 | 1 | — | PE Oct 2019 |
| Fennoa fennoa.com |
1 | 1 | — | Seed Oct 2022 |
| Heeros heeros.com |
1 | 1 | — | Post-IPO Dec 2022 |
| Enterpay enterpay.eu |
1 | 1 | — | Seed Feb 2017 |
| Date | Investor | Company | Stage | Round size |
|---|---|---|---|---|
| Jun 2025 | Activant CapitalLED | AI Bidia | Series B | $28M |
| Jun 2025 | DN Capital | AI Bidia | Series B | $28M |
| Jun 2025 | Icebreaker | AI Bidia | Series B | $28M |
| Jun 2025 | FPV Ventures | AI Bidia | Series B | $28M |
| Feb 2025 | Greencode VenturesLED | Sustashift | Seed | — |
| Feb 2025 | Wave Ventures | Sustashift | Seed | — |
| Jul 2024 | Digital Currency Group | Moffin | Seed | $2.1M |
| Jul 2024 | Chile VenturesLED | Moffin | Seed | $2.1M |
| Jul 2024 | New Ventures Capital | Moffin | Seed | $2.1M |
| Jul 2024 | Rally Cap VC | Moffin | Seed | $2.1M |
| Jul 2024 | AccionLED | Moffin | Seed | $2.1M |
| Jul 2024 | Fondation Botnar | Moffin | Seed | $2.1M |
| Jul 2024 | AngelHub | Moffin | Seed | $2.1M |
| Jul 2024 | Carabela | Moffin | Seed | $2.1M |
| May 2023 | DN CapitalLED | AI Bidia | Series A | $14.1M |
| May 2023 | Global Founders Capital | AI Bidia | Series A | $14.1M |
| May 2023 | Icebreaker | AI Bidia | Series A | $14.1M |
| May 2023 | FPV VenturesLED | AI Bidia | Series A | $14.1M |
| Dec 2022 | Viking VentureLED | Heeros | Post-IPO | — |
| Oct 2022 | CapMan | Fennoa | Seed | — |
CFO Stack investors in other cities
Other markets in Helsinki