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Butterfly Ventures is a leading seed-stage venture capital firm specializing in deep tech companies across the Nordic and Baltic regions. The firm invests in hardware and hardware-interfacing software ventures demonstrating social or environmental impact, often engaging with portfolio companies pre-revenue. Known for its cooperative approach, it closely collaborates with founders to foster early growth.
Co-founded in 2012 by Matti Kanninen and Juho Risku, Butterfly Ventures leverages their significant industry experience. Kanninen, a seasoned executive, contributed extensive corporate management and startup financing background. Risku, a serial entrepreneur since 1996 and digital technology veteran, provided crucial insights into the founder-investor dynamic, establishing the firm’s investment strategy.
The firm supports deep tech entrepreneurs, offering essential early capital and strategic guidance for market entry. Its vision centers on empowering innovative enterprises to achieve sustained growth and revenue. It nurtures companies contributing meaningful advancements with positive societal and environmental effects, supporting their journey to global scale.
Key people at Butterfly Ventures.
Butterfly Ventures was founded in 2012 by Juho Risku (Co-Founder, Partner) and Matti Kanninen (Co-Founder, Managing Partner).
Butterfly Ventures was founded in 2012 by Juho Risku (Co-Founder, Partner) and Matti Kanninen (Co-Founder, Managing Partner).
Key people at Butterfly Ventures.
Butterfly Ventures has 11 tracked investments across 9 companies. The latest tracked deal is $660K Other Equity in Hypertype in July 2024.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Jul 3, 2024 | Hypertype | $660K Other Equity | Butterfly Ventures | — |
| Jun 11, 2024 | Flow Computing | $4.3M Pre-Seed | Butterfly Ventures | — |
| Jan 12, 2022 | SpinDrive | $2.7M Series A Extension | Myron Seto | Born2Grow, Sdgx Ventures |
| Jun 3, 2021 | Geyser Batteries | $1.3M Other Equity | Butterfly Ventures | Samppa Sirviö |
| Dec 1, 2019 | Geyser Batteries | $1.0M Seed | Voima Ventures | Ehrnrooth Family Office |
| Sep 6, 2019 | Revonte | $2.0M Seed | Maki.vc | — |
| Sep 25, 2018 | Natufia | $1.2M Seed | Butterfly Ventures, Ginco Investments, Techstars | — |
| Sep 1, 2017 | Valossa | $2.0M Seed | 01 Ventures | Amadeus Capital Partners, Playfair Capital, Jari Ovaskainen, Reaktor Ventures |
| Oct 1, 2016 | KNL Networks (Kyynel Ltd) | $10.0M Series A | Creandum | DST Global, Inventure, John Lindfors |
| Dec 21, 2015 | Valossa | $650K Seed | Butterfly Ventures | — |
| Jun 26, 2014 | CreateTrips | $600K Seed | — | Frontier, Rkapital |
