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 decreased year-over-year (1 deal in the last 12 months vs 4 prior). Their most common stage is seed (44% of deals). Average disclosed round size is $13.0M (across 21 rounds with reported amounts).
Portfolio
35
Fund Size
$32M
Top Stage
Seed
Last 12 Mo
1
Team
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
45 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Oplane | Seed | — | Jun 2026 |
 NROC Security | Seed | $2M | Sep 2025 |
 ReOrbit | Series A | — | Sep 2025 |
 Aibidia | Series B | $28M | Jun 2025 |
 Gridraven | Seed | — | Feb 2025 |
| RReOrbit Oy | Series A | $53M | Jan 2025 |
| CClock&Cloud | Pre-Seed | — | Jan 2025 |
| ReOrbit | Seed | — | Sep 2023 |
| RReOrbit Oy | Seed | $7.4M | Aug 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 |
| Helppy | Seed | — | Jan 2022 |
| Hoxhunt | Series B | $40M | Jan 2022 |
 Eeki Foods | Series A | $6.5M | Jan 2022 |
 Tesseract | Series A | — | Jun 2021 |
 Sellforte | Unknown | — | Mar 2021 |
 Flowhaven | Series A | $16M | Jan 2021 |
| IpRally | Seed | — | Jan 2021 |
| Fixably | Seed | $2M | Sep 2020 |
 MVision | Seed | $1.6M | Jan 2020 |
 Logmore | Series A | — | Jan 2020 |
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Top Co-Investors
Business Finland6 shared
Spintop Ventures4 shared
Founders Fund4 shared
10x Founders3 shared
Elo3 shared
Level Equity3 shared
Voima Ventures3 shared
Vendep Capital2 shared
Alliance Ventures2 shared
FPV Ventures2 shared
Global Founders Capital2 shared
Expansion VC2 shared
Springvest2 shared
Tesi2 shared
Maki.vc2 shared
First Fellow Partners2 shared
Robin Capital1 shared
359 Capital1 shared
DNS Capital1 shared
Last updated: 20 October 2026