Investments
78Portfolio Exits
5Funds
3About 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
Latest Butterfly Ventures News
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.
Butterfly Ventures Investments Activity
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 | |||||
3/23/2020 | Pre-Seed |
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 | ||
Amount | $7.86M | $2.38M | $3.5M | ||
New? | No | No | No | ||
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 |
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 | 1 | |||
Date | 9/23/2021 | ||||
|---|---|---|---|---|---|
Exit | Acquired | ||||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 1 |
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 | ||||
5/18/2012 | Northern Startup Fund |
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 | |||
Status | |||
Amount | $49.49M | ||
Sources | 1 |
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 | Helmi Technologies, and Neste | Founder | Current |
Matti Kanninen | Managing Partner | Current |
Name | Juho Risku | Matti Kanninen |
|---|---|---|
Work History | Helmi Technologies, and Neste | |
Title | Founder | Managing Partner |
Status | Current | Current |
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