The leading seed stage focused VC in the Nordics
Butterfly Ventures is the leading seed entry deep tech VC in the Nordics. Butterfly Ventures was founded in 2012. Ever since then we’ve been one of the most active early stage VCs in the region. We have an office in Oulu (FIN), Helsinki (FIN), Stockholm (SWE), Tallin (EST) and Copenhagen (DNK).
Butterfly Ventures is known for our co-operative approach. We like to interface with founders directly and work as a team and founders have the full support of all our partners. Furthermore, we’ve been always mindful of our impact to society around us. For example according to Forbes, we were the first VC fund that operated 100% carbon neutrally in Europe.
Butterfly Ventures is investing in the seed stage startups particularly from Finland and Sweden, but also from other Nordic countries and Baltics. We prefer to get involved with companies early on. 80% of our portfolio companies do not have any revenue at the time of our entry. However, we’re very business driven, typically our portfolio companies start generating revenue in less than 6 months from the first investment. While we always place our first investment at seed, we have significant capacity for follow-on investments. Right now we’re looking for deep tech, HW and HW interfacing SW with an either social or environmental impact.
Some numbers
Some core statistics and the combined track record of the Butterfly Ventures’ team in numbers, including active portfolio and the exited portfolio at the point of exit, as follows.
77M€
Under management
10
New portfolio companies / year
>200
Investment rounds completed
0.3M€
Average investment / company
~100
Companies invested
180M€
Portfolio raised financing
>500M€
Portfolio generated revenue
1B€
Portfolio market cap
To read
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