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Butterfly Ventures

Company

Investment-firm

Financing round

General

About Company
Butterfly Ventures is a seed-stage focused VC in the Nordics, investing in deep tech, hardware, and hardware interfacing software.

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Sector :

Subsector :

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founded date

01.01.2012

Number of employees

IPO status

Private

Description

Founded in 2012, Butterfly Ventures is a leading seed-stage focused VC in the Nordics, with offices in Helsinki, Oulu, Stockholm, Tallinn, and Copenhagen. They invest in pre-seed and seed-stage startups in the Nordics and Baltics, with a preference for deep tech and hardware innovations. They have a co-operative approach, working closely with founders as a team, and 80% of their portfolio companies do not have any revenue at the time of investment. However, they are business-driven, and their portfolio companies typically start generating revenue within six months of investment. They prefer investments in the technology, entertainment, health, marketing, education, cleantech, telecom, mobile, and industrial sectors.
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Contact Email

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Financials

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Date 
name 
Lead 
type 
Raised 
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Yes
$3.72M
Local Amount - EUR 4M
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People

Founders
3
Juho Risku
Juho Risku

Juho Risku

Serial entrepreneur, inside knowledge of digital businesses, web, mobile, cloud services, social media, marketing, crowd sourcing, with his deep roots in the startup community and innovation systems in the Oulu More than 15 years of experience in founding companies and growing businesses. Gathered millions of venture financing, having deep understanding of founder–venture financier co-operation from practical as well as academic perspectives. Most recently since 2008, Founder and CEO of Tribevine Inc., in 2004-2007, Founder, CEO and CTO of Helmi Technologies Inc., in 1996-2010, Founder, CEO and Chairman at Visualway Design Ltd. In addition, Risku has been the Board member of Mainostoimisto VwD Ltd. (2010-2011), and Board member of Oulu Innovation (2006-2010), as well as, Steering committee member of Global Clusters program (2006-2008), and the Creative Business Management program/University of Oulu (2005-2007), Board member of Media Forum Oulu (2003-2006), and the Chairman of Young Entrepreneurs of Oulu network (2002). Risku is 36 years of age, and he holds a Master of Science degree in Economics from the University of Oulu.

current job

Tribevine
Tribevine

organization founded

3

Juho Risku

Matti Kanninen
Matti Kanninen

Matti Kanninen

Seasoned executive of startup and growth company financing, fund raising and management, ex-CEO of a stock listed software company, successful international negotiator and deal-maker More than 15 years of experience in senior management positions of IPR intensive technology companies, successfully developing and growing the businesses operating in the worldwide markets. Most recently since 2008, he has been the managing partner of Lexford Enterprises focusing on IPR intensive M&A, and raising capital for patent-related businesses and IPR intensive technology companies. In 2003-2008, he held the position of the CEO of a stock-listed technology company QPR Software Plc. and grew the business into more than 50 countries worldwide, and before that he was the SVP Sales and Marketing at QPR. Prior to that, in 1996-2000 he was Vice President at Computer Associates responsible for ERP and Supply Chain Management application business in the Northern European region. Earlier in his career, he worked as Plant and Production Manager at Pechiney S.A., and as Project Manager responsible for post-acquisition integration projects in the UK and Sweden. Kanninen is 46 years of age, and he holds a Master of Science degree from the Helsinki University of Technology.

current job

Butterfly Ventures
Butterfly Ventures

organization founded

1

Matti Kanninen

Antti Kosunen
Antti Kosunen

Antti Kosunen

Experienced business angel and investor in Finland and Silicon Valley, ex-Chairman of a stock listed company, successful entrepreneur in software and IPR/patent related businesses, international deal-maker More than 15 years of experience in founding and managing companies, developing businesses and realizing the value of those companies. Most recently, he has been the senior partner of Lexford Enterprises. He is also an advisor at US based IP consulting group Intellectual Assets Inc., and the founder and Chairman of Anadeus Ltd., an expert advisor in IPR strategies, IP protection related issues and licensing of high tech patents in Europe, Asia, and the US. He has been involved with over 30 international licensing projects. During the years 2000-2003, he was the CEO and Chairman of the Board of a stock-listed technology company QPR Software Plc. Prior to that, he was the CEO of European Business Institute, which he co-founded, and later merged this successful consulting and executive training business with QPR Software. Kosunen is 46 years of age, and he holds a Master of Science degree from the Helsinki School of Economics

current job

Nestholma
Nestholma

Antti Kosunen

Employee Profiles
4
Tanya Marvin-Horowitz

Tanya Marvin-Horowitz

Partner

Matti Kanninen

Matti Kanninen

Co-Founder, Managing Partner

Juho Risku

Juho Risku

Co-Founder, Partner

Ville Heikkinen

Ville Heikkinen

Partner

Activity

Recent News
4
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