BU

Butterfly Ventures

VC
Helsinki, FinlandWebsite
How to approach: cold outreach ok
Stage

Pre-Seed, Seed

Check Size

$100K – $1.0M

AUM

$81M

Portfolio

11+ companies

Team

7 partners

Investor activity
Investments in last 12 months: 0

Investment Thesis

Butterfly Ventures backs technology-driven, scalable B2B startups, with a focus on Europe and AI tools for SMBs.

Meet the Team

AK

Anti Kodar

Venture Partner

legal
financial field
Baltic market

M.A. in Law and International Finance, 10+ years of management and specialist experience within the legal and financial field. Anti has been actively advising deals and structures of startups and investors making investments into Baltic companies, while also being an active investor himself. Anti provides valuable insight into the Baltic market from the inside besides bringing strong legal and business experience to the team.

LL

Liina Lehtonen

Principal

sustainability strategy
impact investing

As an MSc in Business Development and Internationalization, Liina joined Butterfly Ventures after running a couple of her own companies in marketing and consulting. She has extensive knowledge of the EU SFDR regulation and leads Butterfly’s sustainability strategy with a strong interest in impact investing. Having lived in several countries across Europe, Liina is currently based in Copenhagen.

VH

Ville Heikkinen

Partner

VC financing
M&A
technology management

Hands-on transaction and fund management specialist with 15 years of experience in entrepreneurship, VC financing, M&A and technology management, L.LM and M.Sc. in Economics, Partner of Butterfly Ventures since 2014, an ex-quarterback, who nowadays satisfies need for speed and action downhill skiing, motorcycling and running. Ville is a true team player, who puts all in. His knowledge of all sorts of business-related agreements is extraordinary and an enormous help to any startup. He’s social, has a great contact network and has almost magical ability to connect the right people.

AN

Anette Nordvall

Venture Partner

ICT
deep tech
science-based innovation
diversity
global goals

Active early-stage tech investor and environmentalist, focusing on the New Nordic markets on ICT, deep tech, and science-based innovation while focusing on profit impact, diversity, and global goals. Creative strategist and business innovator with decades of experience as a public speaker, board member, and business leader. Anette has been appointed as one of Sweden’s most powerful tech investors by Swedish business magazine Di Digital and named at Nordic100 Most Influential Persons list several times.

MK

Matti Kanninen

Co-Founder, Managing Partner

M.Sc. in Technology, seasoned executive, in management positions since 1990, including being a vice president of Computer Associates and a CEO of stock listed technology company QPR Software, in startup and growth company financing, fund raising and management since 2008, VC since 2012, participated 100+ investment rounds. Matti is the professional manager guy, who knows how corporations and listed companies work. He has a super strong IPR background. He’s razor sharp when it comes to agreements, deals and details buried deep under whatever information it may be. He understands the numbers and their implications.

TH

Tanya Horowitz

Partner

tech startups
entrepreneurship
international market

A seasoned asset manager and M&A investment banker from NYC, Tanya followed her passion in 2013 to work with tech startups and entrepreneurs and co-founded her first VC fund, CAP A, based between the USA and the Nordics. Based now in Stockholm, she is perfectly positioned to help budding startup teams gear up for the international market. Tanya has a dual Mathematics and Marketing degree from Georgia State University and has served on several private equity-related boards, such as ACG New York.

JR

Juho Risku

Co-founder, Partner

digital technologies
metrics
business models

In the forefront of digital technologies from mid-80s, serial entrepreneur since 1996, founder in four companies, M.Sc. in Economics (thesis about the effects of VC-Founder relationship quality), VC since 2012, participated 100+ investment rounds, visionary technology guy and an enthusiast ice climber and mountaineer. Juho is often the first contact for a startup at Butterfly Ventures. He’s passionate about great products and enjoys taking deep dives into the competitive landscape. He’s customer value driven and knows how life with a VC is from both sides of the table.

Industry Focus

Invests In

SaaS
Other
AI / ML
Enterprise

Does Not Invest In

Consumer hardware

Portfolio Companies (11)

Other

NO

NotionFlow

AI Productivity
AU

Automagic AI

AI Agents
ZE

Zenniz

"Discovered via firm_website (high confidence)"

SP

SpinDrive

"Discovered via firm_website (high confidence)"

GE

Geyser Batteries

"Discovered via firm_website (high confidence)"

SU

Surgify

"Discovered via firm_website (high confidence)"

CE

Cerenion

"Discovered via firm_website (high confidence)"

NA

Naava

"Discovered via firm_website (high confidence)"

KN

KNL Networks

"Discovered via firm_website (high confidence)"

VA

Valossa

"Discovered via firm_website (high confidence)"

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