The first half of 2025 has brought steady progress for Angel CoFund. We’ve continued to support early-stage companies across Finland, working closely with FiBAN and a growing network of experienced angel investors.
By mid-June, the fund had made nine new investments, committing a total of €1,4M. These rounds were completed together with 63 business angels and other investors totaling €4,1M. The startups we’ve backed are tackling a broad range of challenges in sectors like healthcare, industrial technology, AI, and more.
We also made our first five follow-on investments, totaling around €560,000, to support the continued growth of companies already in the portfolio.
Here are the new companies we’ve backed in the first half of 2025:
- Adeu AI – Adeu AI builds AI-powered time tracking solutions for lawyers, running locally to ensure data privacy and compliance.
- Mukava Biosignals – Mukava Biosignals transforms ECG electrode market with its disruptive dry electrode technology.
- Kiwecare – Kiwecare is enabling home dialysis with real-time data and infection alerts.
- 73Health – Remote diagnostics for areas with doctor shortages. Their tech enables 78% of diagnostics to be completed online.
- ReLoc – GNSS jamming and spoofing-resistant positioning, navigation, and timing.
- Elina Education – Elina is an AI-powered assistant that drives efficiency and impact in early education.
- CloEE – CloEE is building an AI-driven manufacturing platform
- Blank& – Finland’s first CBD skincare brand.
- Finnish Pay Systems Oy – Finnish Pay Systems is developing smart biometrics for easy living.
“We’re proud to support these startups working on real-world problems in areas like health and technology. It’s also great to see strong founders and investor syndicates coming together,” comment Hannu Jungman and Janne Juhola, Partners at Innovestor Angel CoFund.
Quick facts about Angel CoFund:
- Co-invests with syndicates of angel investors
- Targeting Finnish seed-stage companies
- Initial investment range: €50,000 to €300,000
- Open to all industries, with particular interest in companies advancing the green transition and sustainable development
We look forward to the second half of 2025 and to continuing our close work with angel investors across Finland and abroad.
Read more about the Angel CoFund here.