Icebreaker.vc is an early-stage venture capital firm headquartered in Helsinki, Finland, backing idea-stage teams with deep domain expertise across Estonia, Finland, and Sweden. The firm invests up to €1.5M in first tickets and has supported over 100 teams since 2017.
Deal activity increased 200% year-over-year (3 deals in the last 12 months). Their most common stage is seed (44% of deals). Average disclosed round size is $12.3M (across 15 rounds with reported amounts).
Portfolio
29
Fund Size
$32M
Top Stage
Seed
Last 12 Mo
3
Team
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
32 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Oplane | Seed | — | Jun 2026 |
 NROC Security | Seed | $2M | Sep 2025 |
 ReOrbit | Series A | — | Sep 2025 |
 Gridraven | Seed | — | Feb 2025 |
| RReOrbit Oy | Series A | $53M | Jan 2025 |
| ReOrbit | Seed | — | Sep 2023 |
 Fixably | Series A | $10M | Jun 2023 |
 Aibidia | Series A | $14M | May 2023 |
 IpRally | Series A | $10.8M | Mar 2023 |
 Scrintal | Growth | — | Jan 2023 |
 Hoxhunt | Series B | — | May 2022 |
 Helppy | Seed | — | May 2022 |
 Tesseract | Series A | — | Jun 2021 |
 Sellforte | Unknown | — | Mar 2021 |
 Flowhaven | Series A | $16M | Jan 2021 |
| Fixably | Seed | $2M | Sep 2020 |
 MVision | Seed | $1.6M | Jan 2020 |
 Dashbird | Seed | $2.1M | Jan 2020 |
| Flowhaven | Seed | $5.2M | Dec 2019 |
| KKodit.io | Seed | — | Aug 2018 |
 Valpas | Seed | — | Jun 2018 |
 Logmore | Series A | — | — |
 Zymego | Unknown | — | — |
 Alvin | Seed | $6M | — |
 LumiDB | Pre-Seed | $1.6M | — |
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Top Co-Investors
Business Finland4 shared
Spintop Ventures3 shared
Founders Fund3 shared
FPV Ventures2 shared
Expansion VC2 shared
Springvest2 shared
10x Founders2 shared
Voima Ventures2 shared
Robin Capital1 shared
Vendep Capital1 shared
359 Capital1 shared
Alliance Ventures1 shared
DNS Capital1 shared
Elo Mutual Pension Insurance Company1 shared
Varma Mutual Pension Insurance Company1 shared
Reinventure Group1 shared
Cusp Capital1 shared
468 Capital1 shared
Morrow Ventures1 shared
Maki.vc1 shared
Last updated: 8 September 2026