Butterfly Ventures

About The Fund

Butterfly Ventures is a venture capital firm that focuses on early-stage and seed-stage startup investments. With an emphasis on technology, entertainment, health, marketing, education, cleantech, telecom, mobile, and industrial sectors, they are one of the most active early-stage VCs in the Nordics. Butterfly Ventures was established in 2012 and operates offices across the Nordic and Baltic regions, including Oulu, Helsinki, Stockholm, Tallinn, and Copenhagen. They are recognized for their co-operative approach, working closely with founders, and providing comprehensive support from their partners. Butterfly Ventures has a strong commitment to societal impact and sustainability, being cited by Forbes as the first carbon-neutral VC fund in Europe. Specializing in deep tech and hardware, as well as hardware interfacing software with social or environmental impact, they prioritize involvement with companies early in their development cycle. The majority of the portfolio companies do not have revenue at the time of Butterfly's investment but tend to start generating revenue within six months post-investment. Butterfly Ventures has a capacity for follow-on investments, with a substantial commitment of €77M under management, over 200 completed investment rounds, an average investment per company of about €300K, and involvement in nearly 100 companies that have raised a total of €180M and generated combined revenues of over €500M, resulting in an aggregate market cap of €1B. The firm's focus on high-value sectors such as IT, Media, Education, Energy, Material Science, Robotics, Life Science, and Mobility shows their versatility and breadth of interest within the investment landscape. Butterfly Ventures' track record reflects their adeptness at boosting startups towards commercial success and facilitating significant societal contributions.