When was Lifeline Ventures founded?

Lifeline Ventures was founded in 2009.

Where is Lifeline Ventures' headquarters located?

Lifeline Ventures' headquarters is located in Helsinki (Finland).

How big is Lifeline Ventures' investment team?

Lifeline Ventures has a team of 12, including 7 partners.

How many companies has Lifeline Ventures invested in?

Lifeline Ventures has invested in 125 companies, including Wolt & Supercell.

Which companies has Lifeline Ventures invested in lately?

ICEYE & Time Atlas are the latest investments by Lifeline Ventures.

What sectors does Lifeline Ventures focus on for investments?

Top sectors in Lifeline Ventures' portfolio are Enterprise Applications (43 investments) and High Tech (38 investments).

What stages of companies does Lifeline Ventures typically invest in?

Lifeline Ventures primarily invests in Seed and Series A stages.

How many exits has Lifeline Ventures been involved in?

Lifeline Ventures' portfolio has seen 26 acquisitions.

How many unicorns are there in Lifeline Ventures' portfolio?

There are 3 unicorns in Lifeline Ventures' portfolio.

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1. Wolt

Operator of a platform facilitating delivery of food and other items. The platform connects customers with merchants and couriers for order fulfillment. It provides options for restaurants and stores to reach more customers. The platform also offers courier opportunities with flexible hours and earnings.

Key facts about Wolt

Founded Year: 2014
Location: Helsinki (Finland)
Last Known Valuation: $*****
Stage: Acquired
Total Funding till date: $860M
Employee Count: 11,495 as on Jan 31, 2026
Investors: Iconiq Capital, Goldman Sachs Investment Partners and 23 Others
Latest Funding Round: Series E, Jan 25, 2021, $*****
Highlight: Acquired

2. Supercell

Mobile game developer focusing on mid-core games. The games developed are Clash of clans, Boom beach, Brawl stars, Hay day, and many more. The games are available on iOS and Android platforms. It monetizes through in-app purchases and ads.

Key facts about Supercell

Founded Year: 2010
Location: Helsinki (Finland)
Annual Revenue: €1.7B as on Dec 31, 2023
Last Known Valuation: $*****
Stage: Acquired
Total Funding till date: $143M
Employee Count: 2,525 as on Jan 31, 2026
Investors: IVP, Atomico and 16 Others
Latest Funding Round: Series B, Apr 17, 2013, $*****
Highlight: Acquired

3. Oura

Developer of smart ring providing health metrics and personalized recommendations. The ring is designed for comfortable wear, collecting health metrics and insights. It focuses on sleep, wellness, activity, heart health, and women's health. The device offers personalized data to assist users in making informed decisions regarding their well-being.

Key facts about Oura

Founded Year: 2013
Location: Oulu (Finland)
Annual Revenue: €367M as on Sep 30, 2024
Valuation: $*****
Stage: Series E
Total Funding till date: $1.32B
Employee Count: 1,187 as on Jan 31, 2026
Investors: Goldman Sachs, Temasek and 67 Others
Latest Funding Round: Series E, Oct 14, 2025, $*****
Highlight: Editors' Pick

4. ICEYE

Operator of synthetic aperture radar satellites providing earth observation data. The company designs mission systems to enable national space programs. It offers synthetic aperture radar data, imaging modes, and a tasking application programming interface. The company provides solutions for natural catastrophe insights, insurance, and government applications.

Key facts about ICEYE

Founded Year: 2014
Location: Espoo (Finland)
Annual Revenue: €103M as on Dec 31, 2024
Valuation: $*****
Stage: Series E
Total Funding till date: $686M
Employee Count: 824 as on Jan 31, 2026
Investors: BlackRock, Solidium and 46 Others
Latest Funding Round: Series E, Dec 05, 2025, $*****
Highlight: Editors' Pick

5. Smartly.io

Provider of an AI advertising platform for cross-channel campaign management. The platform offers tools for creative design, media optimisation, and campaign intelligence. It enables users to build, personalise, and scale creative content across various platforms. The platform supports agency, performance, brand, and creative teams. It also provides solutions for social media, conversational commerce, connected TV, open web, and video advertising.

Key facts about Smartly.io

Founded Year: 2013
Location: Helsinki (Finland)
Stage: Acquired
Total Funding till date: $22.8M
Employee Count: 103 as on Dec 31, 2022
Investors: Highland Europe, Eagle Vista Partners and 1 Other
Latest Funding Round: Series B, Sep 19, 2017, $*****
Highlight: Acquired

View the full list of portfolio companies

Lifeline Ventures has invested in 126 companies over the last 16 years, with an average of 6 new investments annually in the last 10 years. In 2025, it made 7 investments. Its most recent first time investment was in Time Atlas and most recent follow-on round was in ICEYE.

Here are Lifeline Ventures' Year-on-Year Investment Trends:

Year	No. of Investments
Year	1^st Round	Follow-on	Total
2026 (YTD)	0	0	0
2025	3	4	7
2024	7	5	12
2023	7	3	10
2022	5	4	9
2021	8	4	12
2020	6	5	11
2019	3	4	7
2018	5	5	10
2017	6	4	10

View all investments by Lifeline Ventures

Lifeline Ventures has made 73 investments in Seed stage with an average round size of $1.98M, 19 investments in Series A stage with an average round size of $6.01M and 1 investment in PE stage with an average round size of $2.51M.

Here are Lifeline Ventures' investments by stage:

Stage of entry	No. of Investments
Seed	73
Series A	19
PE	1

Note: We have considered here, only first round of investments

View all investments by Lifeline Ventures

Lifeline Ventures has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, Consumer, Sustainability Tech and Retail. Notably, it has invested in 105 Tech companies, 78 Enterprise (B2B) companies, 56 Software companies and at least 40 companies focusing on Consumer (B2C).

Here are Lifeline Ventures' investments by sector:

Sector	No. of Investments
Enterprise Applications	35
High Tech	29
Consumer	16
Sustainability Tech	14
Retail	11
Others	126

Note: We have considered here, only first round of investments

View all investments by Lifeline Ventures

Lifeline Ventures has made most investments in Finland (65), followed by United States where it has made 13 investments.

Here are Lifeline Ventures' investments by geography:

Country	No. of Investments
Finland	65
United States	13
United Kingdom	4
Germany	2
Norway	2
Others	8

Note: We have considered here, only first round of investments

Lifeline Ventures has not made any investment in 2026 so far.

Here are the most recent investments by Lifeline Ventures:

Filter this list

Date	Company	Location	Round Details	Round Amount	Co-Investors
Dec 05, 2025	ICEYE	Finland	Series E	1408	General Catalyst [+11]
Sep 17, 2025	Time Atlas	Finland	Seed	4826	Severin Hacker [+1]
May 28, 2025	Inven	Finland	Series A	1628	Ventech [+3]
May 13, 2025	TILT Biotherapeutics	Finland	Series B	3714	European Commission [+2]
Mar 26, 2025	Bought	Norway	Seed	8565	Sami Marttinen [+2]

See more recent investments made by Lifeline Ventures

Lifeline Ventures has 3 unicorns in its portfolio - ICEYE, Oura and Aiven. The most recent unicorn in their portfolio is ICEYE. It became a unicorn in 2025, 10 years after Lifeline Ventures first invested in it.

Here is a list of unicorns in Lifeline Ventures' portfolio:

Filter this list

Tracxn Score	Company	Short Description	Founded year	Sector	Location	Company Stage	First Investment/ Acquisition Details
71	ICEYE	Operator of synthetic aperture radar satellites providing earth observation data	2014	FinTech [+5]	Espoo	Series E	{r{agey
77	Oura	Developer of smart ring providing health metrics and personalized recommendations	2013	High Tech [+3]	Oulu	Series E	ek{oega
60	Aiven	Provider of managed open source data technologies and cloud infrastructure	2016	Enterprise Infrastructure [+1]	Helsinki	Series D	gwlzmop

View more details about unicorns in Lifeline Ventures' portfolio

26 companies from Lifeline Ventures' portfolio have been acquired. The most recent acquisition were Dispelix in Dec 2025 by AAC Technologies.

Here are Lifeline Ventures' portfolio companies that got acquired most recently:

Filter this list

Company	Acquisition Date	First Invested on	First Round of Investment	Round Size
Dispelix	Dec 03, 2025	Apr 19, 2016	Seed	7016
Flowrite	Jan 07, 2025	Dec 01, 2020	Seed	5953
Veri	Sep 11, 2024	Jun 07, 2021	Seed	7918
P2X Solutions	Apr 12, 2024	May 18, 2021	Seed	9965
AREX	Jun 20, 2023	Nov 04, 2016	Seed	9728

View all acquired companies in Lifeline Ventures' portfolio

Lifeline Ventures has a team of 12 members including 7 Partners and 2 Principals located in Finland and United States. Lifeline Ventures' team sits on the board of 1 company.

Here is a list of top team members in Lifeline Ventures:

Name	Designation	Location	Board Memberships	Contact details
Jyri Engestrom	Partner	Finland	-	-
Sports	Partner	Helsinki	Risk Ledger	2 Emails
Teemu Mattila	Partner	Helsinki	-	2 Emails
Timo Ahopelto	Partner	Helsinki	-	2 Emails
Juha Lindfors	Partner	Helsinki	-	2 Emails
Gerald Faldyn	Partner	Austin	-	-
Elina Holkko	Partner	Helsinki	-	1 Email
Sonja Seppala	Principal	-	-	1 Email
Laura Pehkonen	Principal	Helsinki	-	-

View team details of Lifeline Ventures

Over the past 16 years, 424 investors have co-invested in Lifeline Ventures's portfolio companies. This includes funds and angels.

Invested before Lifeline Ventures: Europa, Wave Ventures and 36 others have invested in rounds before Lifeline Ventures. There are 3 companies where Europa has invested before Lifeline Ventures and 2 companies where Wave Ventures has invested before Lifeline Ventures.
Top Co-investors of Lifeline Ventures: 148 investors entered a company along with Lifeline Ventures. These include investors like Business Finland (10 companies).
Invested after Lifeline Ventures: A total of 238 investors have invested in Lifeline Ventures's portfolio after their investments. Top Investors include Tesi (10 companies), Europa (9 companies) and EIC Fund (8 companies).