Life Line Ventures

Lifeline Ventures is Finland's leading early-stage venture capital firm, founded in November 2009 by serial entrepreneurs Petteri Koponen and Timo Ahopelto in Helsinki. The firm has been the first investor in most of Finland's seed-funded unicorns, including Supercell (mobile gaming, valued at over $10 billion), Wolt (food delivery, acquired by DoorDash for $8.1 billion), Oura (health wearables), ICEYE (SAR satellite constellation, valued at 2.4 billion euros), and Aiven (cloud data infrastructure). Jyri Engeström, co-founder of Jaiku (sold to Google in 2007), is among the seven partners on the 12-person team. Lifeline is sector-agnostic, partnering with founders from day one with investments of 500,000 euros to 2 million euros at pre-seed and seed stages. The firm has raised six funds with dramatic growth in scale: Fund I (29 million euros, 2012), Fund II (17 million euros, 2014), Fund III (57 million euros, 2016), Fund IV (130 million euros, 2019), Fund V (150 million euros, 2023), and Fund VI (400 million euros, launched October 2025) — the largest single VC fund in Finland focused on unlisted growth companies. In 2024 the fund made 12 new investments, and in 2025 at least 6 more including Time Atlas Labs (Seed, September 2025) and Ever (December 2025). The portfolio spans 125-plus companies with 25 acquisitions and at least 2 unicorns. Lifeline's trajectory from 29 million euros to 400 million euros across six funds is among the most striking in European venture, reflecting an exceptional record of identifying breakout Finnish and Nordic companies at their earliest stages. The firm operates with the conviction that the best technology companies in the world can be built in Finland, and its unicorn track record has become the strongest proof point for that thesis.