Venture Capital & Minority Investments

Venture Capital & Minority Investments

Venture capital investments demand long-term strategic expertise across diverse fields to ensure optimal returns.

With our long history of being one of the most active Nordic law firms advising in venture capital and growth equity financings, we are deeply connected to the venture capital industry.

Through our extensive experience and client base, we have a thorough understanding of market terms and participants. By leveraging this knowledge, we are able to act as a strategic advisor to our clients and provide efficiencies in a way that is unmatched in the Finnish market.

We have the expertise to efficiently handle all aspects of venture capital and minority investments, such as:

  • legal due diligence and ESG reviews
  • term sheet documentation
  • investment and shareholder agreements
  • corporate resolutions
  • follow-on financing rounds and other financing arrangements
  • employment agreements and incentive schemes for key personnel
  • exits.

Our clients include domestic and international venture capital investors, institutional and corporate investors, growth-focused development financers, and green transition investors making direct investments in growth companies. Through our market-leading Growth Companies practice we act as a strategic partner to various founder-led and venture-backed companies in their fundraisings and other growth initiatives.

Clients value our agile, reactive, and proactive way of working. You will be supported by a dynamic and responsive core team. Through our cross-practice approach, all relevant industry and domain knowledge is integrated into every investment process. Our processes are further optimised through the use of AI and advanced legal technology.

Chambers Europe, Chambers Global, The Legal 500 and Best Lawyers International consistently rank our services and our lawyers among Finland’s best.

Latest references

We advised lead investor Ugly Duckling Ventures on the EUR 6.5 million funding round of Skyfora. The round also included Eviny Ventures, LUMO Labs and EIC Fund, alongside non-dilutive funding from Business Finland. The investment will support the commercial scale-up of Skyfora’s weather intelligence solutions, the expansion of partnerships with telecom operators, forecasting providers and meteorological institutions, and the continued growth of the team. Skyfora is a Finnish company developing high-resolution weather data solutions using patented technology that extracts atmospheric data from GNSS receivers embedded in existing infrastructure, such as telecom networks. By unlocking previously untapped data sources, Skyfora enables the next generation of AI-driven weather forecasting and supports improved decision-making across weather-sensitive industries. Ugly Duckling Ventures is a Copenhagen-based venture capital firm focused on early-stage Nordic B2B technology companies, with an emphasis on medtech, resilience tech and business services.
Case published 10.6.2026
castren snellman general atlantic iceye
We advised General Atlantic as the lead investor on ICEYE’s EUR 1 billion series F funding round, valuing the company at over EUR 10 billion. ICEYE raised EUR 450 million (USD 520 million) in a primary Series F funding round led by General Atlantic. Additional investors included Solidium, Tesi, Varma, Ilmarinen, Lifeline Ventures, Nokia, Qatar Investment Authority (QIA) and TCV. Together with a secondary placement, the total fundraising exceeds EUR 1 billion. ICEYE is the world leader in sovereign intelligence from space, providing continuous monitoring capabilities to detect and respond to changes in any location on Earth. The company operates the world’s largest and most advanced Synthetic Aperture Radar satellite constellation. General Atlantic is a leading global investor with more than four and a half decades of experience providing capital and strategic support for over 885 companies throughout its history. As of March 31, 2026, General Atlantic manages approximately USD 126 billion in assets across its investment strategies. We advised General Atlantic on this transaction in collaboration with the international law firm Paul, Weiss, Rifkind, Wharton & Garrison.
Case published 9.6.2026
We advised the NATO Innovation Fund as lead investor on Kelluu’s EUR 15 million Series A funding round, with participation from Keen Venture Partners, Gungnir Capital, and Tesi. Kelluu is a Finnish deep tech company operating the world’s largest autonomous airship fleet. We advised NIF on this transaction alongside global law firm Latham & Watkins.
Case published 17.4.2026
We supported byFounders.vc as the Finnish counsel in their investment in DataCrunch Oy in a USD 64 million Series A funding round. DataCrunch provides scalable AI compute solutions from energy-efficient data centers in Iceland and Finland. byFounders.vc is the community-powered early-stage venture fund investing in globally ambitious teams connected to the Nordic and Baltic countries.
Case published 11.9.2025