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Venture Capital
butterfly.vc

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Investments

78

Portfolio Exits

5

Funds

3

About Butterfly Ventures

Butterfly Ventures focuses on early-stage technology companies with high growth potential. Its operation model is based on increasing the value of its portfolio companies. Its operation style resembles having professional serial entrepreneur co-founders for the duration of the early stages of the company, including its knowledge and business networks. Butterfly Ventures was founded in 2012 and is based in Oulu, Finland.

Butterfly Ventures Headquarter Location

Kasarmintie 13 A

Oulu, 90130,

Finland

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Latest Butterfly Ventures News

Seed-stage backer VC firm Butterfly Ventures announces a new sustainable fund

Jun 21, 2022

Finnish venture capital firm Butterfly Ventures has completed the first closing of its €100 million seed entry capital fund based on the EU Article 8 and the Sustainable Finance Disclosures Regulation with €47 million in capital. This new sustainable fund focuses on science-based deep tech and hardware startups in the Nordics and Baltics. The firm’s […]

Butterfly Ventures Investments

78 Investments

Butterfly Ventures has made 78 investments. Their latest investment was in Naava as part of their Series B on January 1, 2022.

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Butterfly Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

1/30/2022

Series B

Naava

$7.86M

No

Antero Vartia, Benoit Wiesser, Hammaren Family Office, Mika Ihamuotila, Mikael Hed, Nidoco, Teemu Päivinen, Tesi, Undisclosed Angel Investors, and Undisclosed Investors

3

3/9/2021

Unattributed VC

GBuilder

$2.38M

No

2

2/17/2021

Series A

Natufia Labs

$3.5M

No

5

3/24/2020

Pre-Seed

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0

3/23/2020

Pre-Seed

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0

Date

1/30/2022

3/9/2021

2/17/2021

3/24/2020

3/23/2020

Round

Series B

Unattributed VC

Series A

Pre-Seed

Pre-Seed

Company

Naava

GBuilder

Natufia Labs

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Amount

$7.86M

$2.38M

$3.5M

New?

No

No

No

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Co-Investors

Antero Vartia, Benoit Wiesser, Hammaren Family Office, Mika Ihamuotila, Mikael Hed, Nidoco, Teemu Päivinen, Tesi, Undisclosed Angel Investors, and Undisclosed Investors

Sources

3

2

5

0

0

Butterfly Ventures Portfolio Exits

5 Portfolio Exits

Butterfly Ventures has 5 portfolio exits. Their latest portfolio exit was CubiCasa on September 23, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

9/23/2021

Acquired

$99M

1

9/11/2021

Acquired

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$99M

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10

11/25/2020

Acquired

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$99M

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10

2/8/2018

Acquired

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$99M

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10

5/5/2015

Acquired

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$99M

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10

Date

9/23/2021

9/11/2021

11/25/2020

2/8/2018

5/5/2015

Exit

Acquired

Acquired

Acquired

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

1

10

10

10

10

Butterfly Ventures Fund History

3 Fund Histories

Butterfly Ventures has 3 funds, including Butterfly Venture Fund IV.

Closing Date

Fund

Fund Type

Status

Amount

Sources

6/21/2022

Butterfly Venture Fund IV

$49.49M

1

1/12/2017

Butterfly Venture Fund III

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$99M

10

5/18/2012

Northern Startup Fund

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$99M

10

Closing Date

6/21/2022

1/12/2017

5/18/2012

Fund

Butterfly Venture Fund IV

Butterfly Venture Fund III

Northern Startup Fund

Fund Type

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Status

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Amount

$49.49M

$99M

$99M

Sources

1

10

10

Butterfly Ventures Team

2 Team Members

Butterfly Ventures has 2 team members, including current Managing Partner, Matti Kanninen.

Name

Work History

Title

Status

Juho Risku

Founder

Current

Matti Kanninen

Managing Partner

Current

Name

Juho Risku

Matti Kanninen

Work History

Title

Founder

Managing Partner

Status

Current

Current

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