In 2025, Innovestor remained active across its investment platforms. We made new investments, continued to support portfolio companies through follow-on rounds, and completed a real estate exit. At the same time, we strengthened the group’s operating model and prepared for the next phase of development.
Among the most active early-stage investors in the Nordics
Innovestor’s investment activity remained strong throughout 2025. Overall, we completed 74 investments, consisting of 23 initial investments and 51 follow-on rounds. We also celebrated four portfolio exits. This reflects both a strong deal-flow and a long-term commitment to supporting portfolio companies as they scale.
Our most active funds during the year were Angel CoFund, Life Science Fund, and Growth Fund III (GF3).
Throughout the year, our life science portfolio in particular continued to gain momentum. Strong syndicated rounds at Tribune Therapeutics (€37M) and Actithera ($75.5M) demonstrate growing international interest in Nordic health, biotech, and therapeutic innovation.
Real Estate: A €24M exit built on future-proof assets
In 2025, Innovestor Real Estate achieved a €24 million exit with the sale of four modern retail properties in the Helsinki metropolitan area to Swedish-listed Prisma Properties AB.
The assets combined strong retail fundamentals with integrated solar energy and battery storage systems. This aligns with our strategy of developing resilient, future-proof commercial properties that remain attractive even in challenging market conditions. The transaction also signals renewed investor confidence in Finnish commercial real estate.
Energy Storage: Scaling on-site battery systems for commercial properties
In 2025, Innovestor continued to scale its Energy Storage investment platform. We deployed AI-optimized modular battery systems directly alongside commercial properties where energy is consumed. By integrating storage on-site, we improve energy efficiency, resilience, and long-term asset value, while lowering operating costs for both owners and tenants.
Energy storage also played an important role in our real estate exit to Prisma Properties by making the assets cleaner, more efficient, and more attractive to the buyer.
Corporate Venturing: Bridging startups and corporates
Corporate Venturing remained an exciting area for Innovestor in 2025. We worked on several new advisory cases, supporting corporates in accessing startup-driven innovation and executing strategic partnerships.
One particularly exciting example was our work with Valtra, which highlighted how established industry leaders increasingly look to startups as a fast and effective route to innovation.
Across our corporate venturing work, we saw continued demand from corporates for faster access to innovation, insight into emerging technologies, and tangible business impact.
Strengthening the group
At the group level, 2025 was also a year of internal development. We made deliberate investments in strengthening how Innovestor operates and scales.
Key focus areas included:
- Building and implementing a new CRM system
- Moving toward a more data-driven operating model
- Actively increasing and systematizing our use of AI
- Renewing and strengthening our Investor Relations team
- Hosting selected ecosystem events, including Future Female Founders and our annual Pre-Slush gathering
- Recognition as Partner of the Year by the Finnish Business Angels Network (FiBAN)
We were also happy to welcome several new colleagues during the year:
- Henrik Keinonen (IR)
- Teemu Pakarinen (IR)
- Veeti Vuorenhela (Real Estate)
- Paavo Grönqvist (Real Estate)
- Susanna Lyytikäinen (Energy Storage)
At the same time, our communications reach continued to grow in 2025, with our LinkedIn community reaching around 9,500 followers and our newsletter growing to c. 5,500 subscribers by year-end.
“Despite turbulent market conditions, 2025 was a year of strong execution and purposeful progress for Innovestor. We remained highly active across our investment platforms and successfully exited a real estate portfolio, while continuing to develop our platform, community, and operating model for the next phase of growth. As we enter an active fundraising phase, I want to thank our founders, investors, corporate partners, and collaborators for their trust, support, and continued engagement throughout the year,” says Wilhelm Lindholm, CEO of Innovestor.
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