Butterfly Ventures

InvestorActive
Type: Venture FundStage: Pre-Seed, SeedLead: LeadsCheck: €50K–€400KFund Size: €100MAUM: €77MSeries: Fund IVLocation: FinlandContinent: EuropeWebsiteApply

Butterfly Ventures is a seed-stage deep tech venture capital firm founded in 2012 and headquartered in Oulu, Finland, with additional offices in Helsinki, Stockholm, Tallinn, and Copenhagen. The firm invests primarily in pre-seed and seed stage startups from Finland and Sweden, and also from other Nordic countries and the Baltics, focusing on deep tech, hardware, and hardware-interfacing software with social or environmental impact. Typical pre-seed investments range from €50K–€200K and seed investments from €200K–€400K, with an average of ~€300K per company; the firm also maintains significant capacity for follow-on investments into Series A and B rounds. Butterfly Ventures manages approximately €77M in assets across its funds. Its current vehicle, Butterfly Venture Fund IV, targets €100M, with a first close of €47M announced in June 2022. The firm is noted as the first VC fund in Europe to operate 100% carbon neutrally. Founders can submit investor presentations via the Fast Track form on the firm's website.

Deep Tech (Generalist)Advanced ManufacturingAI and Machine LearningEnergy StorageHealthcare and Med TechRobotics and AutomationSemiconductors and ComputingClean Energy GenerationTransportation

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