Butterfly Ventures

General contacts

Investor type

PE / VC

Founded

2012

AUM

$77 M

Location

Oulu, Northern Ostrobothnia, Finland

Investment Ticket

$0-1 m

Investment Stage

Seed Series A

Region of investment

Europe

ESG Focus

Impact investor

Investor profile last updated: 17 August, 2026

Profile

Butterfly Ventures is a seed-stage deep tech venture capital firm based in the Nordics. Founded in 2012, it operates with a focus on early-stage technology investments, particularly in Finland and Sweden, alongside other Nordic countries and the Baltics. The firm is led by co-founder and managing partner Matti Kanninen, who brings a wealth of experience in technology management and venture capital, including roles in companies like QPR Software and Computer Associates. Butterfly Ventures is noted for its cooperative approach and societal mindfulness, being one of the first carbon-neutral VC firms in Europe.

The firm specializes in investments in deep tech, hardware, and hardware interfacing software with a social or environmental impact. They target seed-stage startups, preferring those without revenue at the entry point but aiming for revenue generation within six months post-investment. Butterfly Ventures has an average investment size of approximately €0.3 million per company, managing a total of €77 million ($77 million) across their portfolio.

Notable portfolio companies include Elonroad - electric vehicle charging solutions, Zenniz - smart tennis court systems, SpinDrive - magnetic levitation bearings, Geyser Batteries - high-density energy storage, Surgify - bone-surgery standards, Cerenion - brain function measurement in intensive care, and Naava - health problem solutions. Butterfly Ventures' portfolio has generated over €500 million in revenue, with a market cap of about €1 billion.

Industry

Education Edtech Electronics Fashion/Beauty Food and Beverage Hardware Healthcare Services Industrial Medical Devices Robotics Software HealthTech Mobility Deeptech Transportation AI Life Sciences Energy Internet and Web Services

Butterfly Ventures Funds

Name	Type	Industry	Stage	Region	Size	AUM	Launch date
Butterfly Venture Fund IV	Venture Capital (VC)	Hardware Industrial Internet and Web Services Medical Devices Software AI Energy HealthTech	Seed	Europe	$0-1 m	—	September 2026

Contacts

Name

Title

Social Networks

Juho Risku Co-founder, Partner

Co-founder, Partner

j•••@•••

Matti Kanninen Managing Partner

Managing Partner

m•••@•••

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Investment-team contacts for Butterfly Ventures — including verified work emails and LinkedIn profiles — are available to Private Equity List subscribers.
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FAQs about Butterfly Ventures

Is Butterfly Ventures a venture capital or private equity firm?

Butterfly Ventures is a venture capital and private equity firm. It backs companies at Seed and Series A, writing tickets of $0-1 m.

Where is Butterfly Ventures located?

Butterfly Ventures is located in Oulu, Northern Ostrobothnia, Finland.

When was Butterfly Ventures founded?

Butterfly Ventures was founded in 2012.

What sectors and industries does Butterfly Ventures invest in?

Butterfly Ventures invests in companies and startups in Education, Edtech, Electronics, Fashion/Beauty, Food and Beverage, Hardware, Healthcare Services, Industrial, Medical Devices, Robotics, Software, HealthTech, Mobility, Deeptech, Transportation, AI, Life Sciences, Energy, Internet and Web Services.

What is Butterfly Ventures geographical focus of investments?

Butterfly Ventures invests in companies and startups in Europe.

At what stages of companies and startups does Butterfly Ventures typically invest in?

Butterfly Ventures invests in companies and startups at Seed, Series A.

What is the usual amount of Butterfly Ventures investment?

Butterfly Ventures usually invests $0-1 m on average.

What is the amount of assets of under management (AUM) for Butterfly Ventures?

Butterfly Ventures has around $77m assets under management.

Is Butterfly Ventures impact investor?

Yes, Butterfly Ventures is impact investor.

What are the contacts of Butterfly Ventures?

Butterfly Ventures can be reached through its website butterfly.vc, its LinkedIn page and its X account. Its general enquiries address is [email protected]. Cold-mailing a general inbox rarely reaches a partner, so Private Equity List also lists the investment-team contacts for Butterfly Ventures — names, roles, verified work emails and LinkedIn profiles — available on a Pro plan from $129/month (see pricing). Contacts are sourced from the firm's website and LinkedIn and re-verified on a rolling cycle. Spot a stale contact, or none at all? Report it — we re-run that firm within 48h and get back to you.

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Yes. Every field on this page — profile, funds, investment criteria, portfolio and investment-team contacts — is available programmatically through the Private Equity List REST API and MCP server, so AI assistants such as Claude and ChatGPT can query Butterfly Ventures directly instead of scraping this page. One subscription covers both the web app and machine access — see API & MCP.

When was the Butterfly Ventures profile last updated?

Private Equity List re-verifies investor profiles on a rolling cycle, pulling from the firm's own website and LinkedIn rather than a one-off import. This profile was last updated on 17 August, 2026. Something out of date here? Report it — we re-run that firm within 48h and get back to you.