Illusian is the Helsinki-based founder office of Ilkka Paananen, co-founder and CEO of Supercell, and other entrepreneurs who have built and scaled companies like Supercell, Zalando, and Wolt. It backs European startups and scale-ups from pre-seed to growth through venture capital and also supports philanthropic initiatives.
Their most common stage is series-a (62% of deals). Average disclosed round size is $19.9M (across 3 rounds with reported amounts).
Portfolio
8
Fund Size
—
Top Stage
Series A
Last 12 Mo
2
Team
KZ
Kyle Zeno Macdonald
Managing Director
TK
Teemu Korhonen
Partner
KH
Katariina Helaniemi
Leading Impact (VC & Philanthropy)
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
Portfolio
8 investments
Top Co-Investors
firstminute capital3 shared
Maki.vc2 shared
Skyfall Ventures1 shared
Sondo Capital1 shared
Northzone1 shared
Founders Fund1 shared
Tesi1 shared
Eurazeo1 shared
Heartcore Capital1 shared
byFounders1 shared
Plural Platform1 shared
FPV Ventures1 shared
Amazon Alexa Fund1 shared
Bragiel Brothers1 shared
First Fellow Partners1 shared
Singular1 shared
QuantumLight1 shared
Motier Ventures1 shared
Hedosophia1 shared
Last updated: 8 September 2026