Fund profile / Finland

Nordic Foodtech VC Fund II

Geography: Finland
Stage: Pre-Seed
Fund size: €40M
Focus: Food & Beverage and SaaS
Signals: Published

N°01 / About

About Nordic Foodtech VC Fund II

Nordic Foodtech VC Fund II is a venture capital firm based in Finland, focusing on Pre-Seed stage investments. The fund actively supports founders building innovative solutions in Food Beverage, SaaS, providing strategic guidance and capital to help startups scale.

N°02 / Thesis

Investment Focus

Location / RegionFinland

Funding StagePre-Seed

Industry Focus

Food & Beverage

SaaS

Investor Signals Profile

active

Sweet Spot

Deep foodtech scientist-founder, Nordic/Baltics, early-stage

deep foodtech

Nordic & Baltic focus

early-stage

precision fermentation

soil-to-orbit

sustainable food systems

scientific discovery

hard tech farming

upcycled ingredients

climate impact

Bullish Signals

20 portfolio companies across transformative food techwebsite

BioMush exited 2025 — proof of conceptwebsite

Investments active 2020–2025 continuouswebsite

5 diverse partners + 3 senior advisorswebsite

Mö Foods 2025 — mid-stage portfolio deploymentwebsite

Next deal announced soon — active deal flowwebsite

Portfolio spans soil-to-orbit transformationwebsite

Precision fermentation flagship across 7+ companieswebsite

Portfolio includes satellites, aquaculture, nutrientswebsite

Actively seeking new deep foodtech companieswebsite

20 detailed portfolio company profiles livewebsite

Stated investment purpose: urgent global food transformationwebsite

AquaNab sea lice biotech — 2026 investment announcedwebsite

Diverse portfolio: colors, fats, proteins, aquaculture, waterwebsite

Portfolio spans proteins, colors, fats, aquaculture, nutrients, materialswebsite

Upcycling & circular food economy focus across portfoliowebsite

Contrarian Signals

Narrow Nordic/Baltic geo focus onlywebsite

Deep tech = long time-to-revenue riskwebsite

Food system niche limits deal flowwebsite

Only 1 exit (BioMush) from 20 portfolio coswebsite

Heavy 2024–2025 vintage concentrationwebsite

Founder Do's

Build on hard science or solid engineering

Target food system transformation

Be based in Nordics or Baltics

Show clear sustainability impact

Solve upstream food/farming problems

Contact via form — actively reviewing

Leverage precision fermentation or biotech platforms

Founder Don'ts

Don't pitch without deep tech core

Don't approach if outside Nordic/Baltic region

Don't pitch consumer apps or pure software

39 signals on Nordic Foodtech VC Fund II

16 bullish · 5 contrarian · 7 pitch do's · 3 don'ts · 8 GP profiles, each with its source. From €9/month, cancel anytime.

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Facts

Fund Overview

Fund Size€40M

Saves0

Website

People

Key People

Louise Heiberg, Lauri Reuter

Louise HeibergPartner

Pekka Siivonen-UotilaPartner

Lauri ReuterPartner

Jari TuovinenPartner

Mika KukkurainenPartner

Leena SaarinenAdvisor

Daniel Skaven RubenAdvisor

Kaisa PoutanenChief Advisor

Backers

Known LPs

European Investment Fund (EIF)Fund-of-Funds

Elo Mutual Pension Insurance CompanyPension fund

Heino GroupCorporate / Strategic

+2 more LPs in LP Radar

N°04 / See also

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