Icebreaker.vc Fund III

Finland

Seed

About Icebreaker.vc Fund III

Icebreaker.vc Fund III is a venture capital firm based in Finland, focusing on Seed stage investments. The fund actively supports founders building innovative solutions in Deep Tech, providing strategic guidance and capital to help startups scale.

Investment Focus

Location / RegionFinland

Funding StageSeed

Industry Focus

Deep Tech

Investor Signals Profile

active

Sweet Spot

Deep tech founders building sovereign European infrastructure

deep tech

space & defence

sovereign tech

European startups

hardware/communications

Bullish Signals

Portfolio co raised €45M Series Aexternal

Backed ReOrbit from idea stage 2020external

Co-invests with Inventure, Springvest, Varmaexternal

ReOrbit: largest all-equity Series A in Finlandlinkedin

Portfolio in top European space & defence dealslinkedin

ReOrbit round: Springvest led, strong co-investorslinkedin

Sovereign space comms: geopolitical tailwind confirmedlinkedin

11,066 LinkedIn followers — active, growing brandlinkedin

ReOrbit: advanced satellites + sovereign commslinkedin

Early-stage conviction: idea-to-€45M in 3 yearslinkedin

ReOrbit solves critical geopolitical sovereignty needlinkedin

Elo, Varma co-investors validate deep tech thesislinkedin

Contrarian Signals

Heavy focus on capital-intensive deep techexternal

Founder Do's

Build in deep tech or space sector

Show early traction from idea stage

Target European sovereign tech needs

Bring bold, long-term vision

Pursue geopolitical tailwind opportunities

Founder Don'ts

Avoid non-defensible, soft-tech plays

Don't skip early co-investor alignment

Avoid non-European market focus

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Fund Overview

Fund Size€30M

Saves0

Website

Key People

Lasse Lehtinen

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