From First Cheque to Global Scale: The Strategy Behind Lifeline Ventures’ Finland’s Largest-Ever Early-Stage Venture Fund

Recorded live at Slush in Helsinki, this episode of 0100 Impact Talks features Elina Holkko, Partner and CFO at Lifeline Ventures, unpacking the strategy behind the firm’s €400 million Fund VI—the largest early-stage venture fund ever raised in Finland. Beyond fund size and LP evolution, the conversation addresses Lifeline’s approach to defense and dual-use technologies, reframing them as compatible with impact investing when viewed through the lens of sovereignty, resilience, and societal stability. Holkko explains how an expanded LP base—from Finnish pension funds to US investors—has enabled a barbell strategy that supports founders from first cheque to global scale, without drifting from Lifeline’s long-standing pre-seed and seed focus.

Blog

Other news you might be also interested in

Why Founders Are Choosing Investors Based on Trust — The New Currency in Venture Capital, According to Kibo Ventures

As venture capital becomes more crowded and globally competitive, founders are increasingly choosing investors based not only on access to capital, but on the expertise, reputation, and long-term support they can provide after the deal is signed. To understand how this shift is reshaping founder-investor relationships, we spoke with Sonia Fernández, Partner at Kibo Ventures, one of Spain’s leading early-stage venture firms with investments across software, fintech, and digital platforms.

Analizing The Data Gap with Vestberry: Why Venture Capital's Biggest Blind Spot Is the Portfolio It Already Owns

Marek Zamecnik, Co-CEO of Vestberry, on why portfolio management remains venture capital's most consequential — and least systematised — blind spot.

Rukam Capital — The Gen Z Consumer Revolution in India: A $7.3 Trillion Opportunity

Archana Jahagirdar — Founder and Managing Partner of Rukam Capital — argues that the country’s greatest investment opportunity is no longer technology, but the brands being built for a new generation.