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    First Fellow Partners

    Helsinki, FinlandFounded 2016
    www.firstfellow.comLinkedIn
    AICybersecurityFintechHR & TalentHardware & SemiconductorsEnterprise SoftwareSaaSGamingMedia & EntertainmentSocial & Community

    First Fellow Partners is a private investment firm founded by Risto Siilasmaa (former Nokia Chairman and F-Secure founder) and Kim Groop. Based in Helsinki, Finland, the firm invests its own founder capital in mission-driven technology entrepreneurs across Europe, with check sizes ranging from $1M to $50M.

    Average disclosed round size is $16.1M (across 6 rounds with reported amounts).

    Find people at First Fellow Partners on Goldilocks AI

    Portfolio

    24

    Fund Size

    —

    Top Stage

    Seed

    Last 12 Mo

    0

    Team

    KG

    Kim Groop

    RS

    Risto Siilasmaa

    Portfolio Breakdown

    Stage Distribution

    Sector Distribution

    Investment Activity

    DealsAvg Round Size

    Portfolio

    26 investments
    CompanyRoundAmountDate
    Elva logoElvaPre-Seed—Jan 2026
    FinanceKey logoFinanceKeySeed—Jun 2025
    IIXISeries A$32.2MApr 2025
    FinanceKey logoFinanceKeySeed—Jan 2025
    PPixieraySeed—Jan 2025
    Quanscient logoQuanscientSeed—Nov 2024
    Epassi logoEpassiGrowth—Aug 2023
    The Upright Project logoThe Upright ProjectUnknown—Dec 2022
    NFTPort logoNFTPortSeries A—Jan 2022
    Aito logoAitoPre-Seed—May 2019
    MMeeshkanPre-Seed—Dec 2018
    Hoxhunt logoHoxhuntSeries A$2.9MJan 2018
    Small Giant Games logoSmall Giant GamesGrowth$5.7MMar 2017
    Yaak logoYaakUnknown——
    LumiDB logoLumiDBPre-Seed$1.6M—
    Endform logoEndformSeed——
    Small Giant logoSmall GiantUnknown$41M—
    PPicosunUnknown$13.5M—
    IInclusUnknown——
    Cybexer logoCybexerGrowth——
    UUpright ProjectSeed——
    TTalentAdoreUnknown——
    Heltti logoHelttiSeed——
    CRACI Corporation logoCRACI CorporationPre-Seed——
    UUpright OySeed——
    Page 1 of 2

    Top Co-Investors

    Maki.vc7 shared
    Planet A3 shared
    EQT Ventures2 shared
    Spintop Ventures2 shared
    Creandum2 shared
    PROfounders Capital2 shared
    Tesi2 shared
    Bragiel Brothers2 shared
    Business Finland2 shared
    Crowberry Capital2 shared
    Icebreaker.vc2 shared
    Wave Capital2 shared
    Lifeline Ventures2 shared
    Eurazeo1 shared
    Heartcore Capital1 shared
    firstminute capital1 shared
    Illusian1 shared
    Tiny Supercomputer Investment Company1 shared
    byFounders1 shared
    Plural Platform1 shared

    Last updated: 20 October 2026