Maki.vc launches 100 million euros third fund to propel deep tech and brand-driven startups in the Nordics
The venture capital firm Maki.vc, based in Helsinki, launched its third 100 million euro fund to invest in pre-seed and seed stage startups in the Nordic countries and Northern Europe.

Within the framework of the 2024 version of Slush, Maki.vc launched its third fund of 100 million euros, to invest in deep tech startups that are in pre-seed and seed stages, which places a particular emphasis on the Nordic region, leveraging its expertise in advanced technologies, a solid public investment landscape, and a proven track record in launching successful startups.
The new fund has the backing of more than 50 limited partners (LPs), among them the creators of Skype, Wise, RELEX Solutions, WithSecure (formerly F-Secure), Aiven and Supercell, who bring valuable experience in scaling and marketing tech companies.
To provide practical support to the startups in its portfolio, Maki.vc has assembled a global network of advisors, consisting of these LPs and expert partners, who offer continuous guidance in areas such as early-stage recruitment, brand development, post-funding and more.
The venture capital firm continues to support founders from the start, with initial investments ranging from 300 thousand to 3 million euros, and selectively carries out follow-up investments.
"The Nordic countries represent one of the most significant startup financing regions in Europe, and we believe that the investment opportunities here are greater than ever. This unique ecosystem combines cutting-edge R&D, solid industrial collaborations, expertise in advanced technologies, and a proven track record of business success, making it the ideal platform for tech companies to make a significant global impact," comments Pauliina Martikainen-Rahnu, partner at Maki.vc.
BOOSTING HIGH-PROFILE STARTUPS
With a significant track record, Maki.vc seeks to provide investment opportunities for projects that promote environmental and social objectives. In this way, they have already invested in seven startups, among them are:
- Distance Technologies: A company that is developing the world's first glasses-free mixed reality solution, founded by former founders of Varjo.
- QMill: a quantum computing company dedicated to developing quantum algorithms that provide short-term practical benefits for industrial applications, founded by the former CTO of Nokia Technologies, a co-founder of IQM, and leading researchers in the quantum field.
- Ever Cars: A company that is creating a comprehensive online marketplace for buying and selling electric vehicles, founded by a team with experience at Stanford University, Uber, Morgan Stanley and Boston Consulting Group.
The first and second funds of Maki.vc have propelled several high-profile and successful companies. Among them are the sustainable textile producer Spinnova, which went public in 2021, along with successful exits such as Ultimate, a customer support automation platform acquired by Zendesk; and Revela, a biotech startup acquired by Oddity.
The portfolio of Maki.vc is also known for growth stories such as Europe's leading quantum technology company, IQM; the producer of animal-free egg whites Onego Bio; the artificial intelligence platform for money laundering prevention Strise; the cloud payment solution provider Enfuce; and the health technology companyCardioSignal, which is developing innovative technology for early detection of heart diseases through smartphones.