Butterfly Ventures

Established in 2012, Butterfly Ventures is a prominent seed-stage venture capital firm based in Oulu, Finland, with additional offices in Helsinki, Stockholm, Tallinn, and Copenhagen. The firm focuses on early-stage investments in deep tech, hardware, and hardware-interfacing software startups, primarily in the Nordic and Baltic regions. Butterfly Ventures is known for its cooperative approach, working closely with founders to provide comprehensive support from all partners.

The firm's investment strategy emphasizes sectors such as energy and sustainability, life sciences and healthtech, IT, media and telecommunications, manufacturing, construction and proptech, SaaS, future mobility, industry 4.0, AI and big data, blockchain, supply chain and logistics, consumer, and cybersecurity and defense. Butterfly Ventures typically invests between €300,000 and €1 million in seed and early-stage companies, often before they have established revenue streams. Despite this, portfolio companies usually start generating revenue within six months of the first investment.

Butterfly Ventures manages approximately €77 million across its funds and has backed more than 100 startups through over 200 funding rounds. Its portfolio companies have raised roughly €180 million in follow-on financing and generated over €500 million in revenue. The firm is committed to societal impact, being recognized as the first 100% carbon-neutral VC fund in Europe by Forbes. Butterfly Ventures adheres to the International Private Equity and Venture Capital Valuation Guidelines (IPEV) and the Reporting Guidelines of Invest Europe, ensuring transparency and responsible investment practices.