🚀 Prominent Tech Founders Turned Angels
  • Ilkka Paananen
    Co-founder & CEO, Supercell
    Finland’s most visible angel today. Through his founder office Illusian, Paananen has made around 40 startup investments across software and gaming . Typical cheques are ~€50–100k. He is known for mentoring founders and providing global connections.
  • Risto Siilasmaa
    Founder, F-Secure; ex-Chairman, Nokia
    A veteran entrepreneur and statesman. Well known for angel investments in Wolt, Frosmo, Enevo . In 2016 he co-founded First Fellow Partners, a family office investing in SaaS and AI startups, with deals including Quanscient, Vuo AI and Kilo Health.
  • Petteri Koponen
    Co-founder, Jaiku & Lifeline Ventures
    After selling Jaiku to Google, Koponen co-founded Lifeline Ventures (2009), now one of Finland’s top seed funds . He personally invests occasionally, but most of his activity is through Lifeline, which backed Wolt and Oura. He is an influential board chair and mentor.
  • Michael “Monty” Widenius
    Co-founder, MySQL & MariaDB
    The open-source pioneer. After MySQL’s $1B exit, he co-founded OpenOcean (2008), investing in database and data-intensive startups. His bets include MariaDB and other open-source ventures.
  • Jyri Engeström
    Co-founder, Jaiku; Partner, Yes VC
    With two exits to Google and Groupon, Engeström has invested in Unity, Oura Health, Iceye. Through Yes VC, he writes €100k+ cheques into early-stage frontier tech (AI, Web3, space). Splits time between Helsinki and San Francisco.
  • Timo Soininen
    Co-founder & ex-CEO, Small Giant Games
    After Zynga’s $700M acquisition of Small Giant, Soininen became an active angel. Confirmed investor in Spinnova and Aiforia/Fimmic. His scope spans gaming, biotech, and sustainability.
  • Mikael Hed
    Co-founder & ex-CEO, Rovio (Angry Birds)
    Now invests through Kaiken Entertainment and privately. Backed Naava (green wall biotech) and sits on the board of CGTrader (3D marketplace).
    Focus: consumer, entertainment, and digital platforms.
đź’ˇ Other Active & Frequent Angels
  • Ali Omar
    Physician-turned-entrepreneur. FiBAN’s Angel of the Year 2019. Portfolio of 25 companies, mostly medtech and SaaS.
  • Leena Niemistö
    Healthcare executive, Angel of the Year 2016. Holds a portfolio of 16 startups (e.g., Nightingale Health, Surgify). Focus: biotech, women-led companies.
  • Moaffak Ahmed
    Serial entrepreneur, one of Finland’s most active tech angels. Over 35 investments including Smartly.io, Next Games, Nosto. Also co-founded Sisu Game Ventures.
  • Ari Korhonen
    Among Finland’s earliest professional angels. 38 investments over 13+ years. Active via Lagoon Capital; backed MariaDB, Small Giant Games.
  • Kim Väisänen
    Ex-founder of Blancco. Invested in ~20 companies. Known for “co-entrepreneur” style.
  • Riku Asikainen
    Co-founder of FiBAN. Invested in 50+ companies with 10 exits. Also co-founded Evli Growth Partners.
  • Janne Jormalainen
    Ex-Nokia exec, former FiBAN chair, current EBAN board chair. Invested in 20+ high-tech and education startups.
  • Petri Lehmuskoski
    Founder of Gorilla Capital. Among Finland’s most active early-stage investors since 2010; focuses on SaaS and consumer internet.
🤝 Angel Clubs & Syndicates
  • FiBAN – Finnish Business Angels Network
    Europe’s largest, with ~600 members . Since 2010: nearly €500M invested in 2,000+ startups. In 2024: €31.5M invested across 84 deals . Operates FiBAN Academy and Angel CoFund.
  • Nordic Makers
    Cross-Nordic angel syndicate including Moaffak Ahmed (Finland). Focus on early B2B software.
  • Innovestor Angel CoFund
    Launched 2023. Matches angel investments with €50k–€300k per deal , catalysing larger rounds.
🏛️ Family Offices & Evergreen Investors
  • First Fellow Partners (Helsinki)
    Risto Siilasmaa’s family office. Focus on seed-stage SaaS/AI. Investments: Quanscient, Vuo AI, Kilo Health.
  • Stephen Industries (Espoo)
    Founded by Kustaa Poutiainen after Picosun exit. Cheques of €300k–€3M. Portfolio: Hycamite, TILT Biotherapeutics, Polar Night Energy.
  • Illusian (Helsinki)
    Ilkka Paananen’s founder office. Early-stage bets in Slay, Droppe, Taito.ai . Focus: gaming, SaaS, AI.