The Helsinki Finnish based Venture Capitalist Fund Lifeline Ventures announced their fourth investment fund. They are hoping to close at 143 million dollars.
Lifeline Ventures was founded back in 2009 by Timo Ahopelto and Petteri Koponen. Together they have a background in BioTech and the mobile app industry. Koponen is the founder of five previous startups, whereof the most known are Jaiku and First Hop.
Passionate to help the startups in the best way possible, Lifeline Ventures writes on their webpage: “ Due to our background as entrepreneurs from many different fields, we often start working with founders before they have launched their first product.”
The Venture Capitalist Fund has invested in industries ranging from food delivery to AI. Some of their more recent investments have been: Sharpr3D, Wolt, Swappie, Aiven, Meru Health, Front AI, Varjo, and Digital Workforce.
Lifeline Ventures IV
Lifeline Ventures’ fourth fund will get its funding from 30 local investors, whereof one-third are from Finnish Family funds. The additional two-thirds consist of capital from Finnish institutional investors, private investors, Pöyry, and Paulig, and also a couple of angel investors; Ilkka Paananen, Mikko Kodisoja, and Björn Wahlroos.
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