Butterfly Ventures
butterfly.vc Direct investor
Butterfly Ventures is a Nordic venture capital firm founded in 2012, focusing on seed-stage deep tech startups. It invests primarily in Finland and Sweden, with a preference for companies with social or environmental impact.
Butterfly Ventures is a venture capital firm headquartered in Oulu, Finland, founded in 2012. It invests directly in companies, from seed to Series A, in deep tech, hardware, software and impact. Its stated cheque size is 0.3M€ average investment / company. 77M€ under management and 100 portfolio companies, as it reports.
- Layer
- Direct investor
- Type
- Venture capital
- Headquarters
- Oulu, Finland
- Invests in
- FI, SE, Nordics, Baltics
- Cheque size
- 0.3M€ average investment / company
- Founded
- 2012
- Assets under management
- 77M€
- Portfolio
- 100 companies
Team, as Butterfly Ventures publishes it
- Matti Kanninen Co-Founder, Managing Partner
- Juho Risku Co-founder, Partner
- Ville Heikkinen Partner
- Tanya Horowitz Partner
- Liina Lehtonen Principal
- Anette Nordvall Venture Partner
Names and roles exactly as listed on butterfly.vc. Nothing else about these people is recorded.
Co-invests most often with
Derived from portfolio pages both investors publish themselves: each pair below lists at least one company in common. 53 co-investors found.
- Angel Invest 3 shared companies: ycombinator.com, sequoiacap.com, creandum.com
- Calm/Storm Ventures 3 shared companies: ycombinator.com, sequoiacap.com, creandum.com
- Runa Capital 3 shared companies: ycombinator.com, eib.org, sequoiacap.com
- Springvest 3 shared companies: cerenion.com, norsepower.com, tamturbo.com
- AgFunder 2 shared companies: ycombinator.com, sequoiacap.com
- Alter Global 2 shared companies: ycombinator.com, sequoiacap.com
- Coreline Ventures 2 shared companies: ycombinator.com, sequoiacap.com
- Grão 2 shared companies: sequoiacap.com, hbr.org
- STOAF 2 shared companies: polar-light-technologies.com, nordamps.com
- First Round Capital 2 shared companies: hbr.org, stratechery.com
and 43 more — the graph.
Limited partners that disclose a commitment
From the LP's own published fund list — the LP is the source, not the manager.
- California Public Employees' Retirement System → Butterfly II, LP · vintage 2022 · $125,000,000 committed · source
Where this comes from
Every fact above was read from a page Butterfly Ventures publishes itself. Nothing is taken from third-party databases. Investment activity (deals, co-investors) is not yet recorded.
- https://butterfly.vc/name, is_investor, layer, type, hq_country, hq_city, invests_in_geographies, stage_min, stage_max, sectors, cheque_size, thesis_quote, thesis_quote_page, description, founded, aum, portfolio_count, people, status, confidence
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Record 313 · added 2026-08-28 · link last verified 2026-09-06 · confidence high
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