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VisionPlus Fund, established in 2012 in Helsinki, Finland, operates under the parent entity Visionplus Plc. The fund was designed to finance digital product companies through a unique non-dilutive model, utilizing revenue-share royalties derived from the cash flow of the investee's products. This innovative approach allows for tailored agreements that minimize dilution for founders while enabling rapid capital recycling.
Throughout its operational period, VisionPlus Fund I financed over 80 projects, focusing on growth-stage companies with proven revenue. The fund's anchor limited partners included notable institutions such as Microsoft, Nokia, and the Finnish Innovation Fund Sitra, which provided significant validation for its model. VisionPlus Fund I officially ceased operations on October 14, 2025, while the status of Fund II remains unclear, with no recent investment activity reported.
The fund's investment strategy primarily targeted sectors such as SaaS, gaming, healthcare, and consumer goods, reflecting a strong inclination towards digital products. VisionPlus Fund's operational history showcases its commitment to supporting companies that demonstrate potential for rapid growth and profitability.
VisionPlus Fund specializes in financing digital product companies, particularly in sectors such as SaaS, gaming, healthcare, and consumer goods. The fund's investment strategy is centered around growth equity, targeting companies that have already established proven revenue streams. Check sizes typically range from €100,000 to €1,000,000 for initial investments, with follow-on investments potentially reaching several million euros.
The fund employs a revenue-share financing model, which allows it to avoid traditional equity stakes. This model is designed to reduce friction for founders and existing shareholders, enabling a faster return on investment, typically within two years. VisionPlus Fund's approach emphasizes tailored royalty agreements, which align the interests of the fund and its portfolio companies, facilitating rapid growth and commercialization.
Geographically, VisionPlus Fund focuses on Europe, particularly Finland and Northern Europe. The fund's investment thesis explicitly excludes pre-revenue startups, concentrating instead on companies that have demonstrated market traction and revenue generation. This focus on established businesses allows for a more predictable investment outcome and aligns with the fund's goal of quick capital recycling.
VisionPlus Fund has built a diverse portfolio of over 80 companies, primarily in the digital product space. Notable portfolio companies include:
This portfolio reflects VisionPlus Fund's commitment to supporting companies that leverage technology to create scalable and revenue-generating products.
Dr. Tero Ojanperä - Co-founder and Managing Partner. Dr. Ojanperä has over 20 years of experience in the mobile industry, focusing on developer activities and building new digital businesses. He holds a PhD in Electrical Engineering from Delft University of Technology and has a prior executive career at Nokia.
Jari Tuovinen - Co-founder and Partner. Tuovinen has extensive experience in IPOs, M&A, and investment transactions. He has a background as a software developer and holds a degree in Computer Science from Tampere University of Technology, combined with an MBA from Tampere University.
Marko Tulonen - Co-founder. Tulonen brings over 15 years of experience in enterprise development, investment management, and corporate venturing across telecommunications, software, and digital media sectors. He holds an M.Sc. (Econ.) from the University of Vaasa.
To pitch VisionPlus Fund, founders should send an email to info@visionplus.fi. It is advisable to include a concise overview of the business model, market opportunity, and financial performance in the pitch deck. While there is no formal application form or portal, a well-structured email can facilitate the initial engagement.
Response times may vary, but founders can expect a decision timeline of approximately two years for investment returns, which reflects the fund's focus on rapid capital recycling. Warm introductions are not explicitly required, but they can enhance the chances of a favorable response.
VisionPlus Fund I officially ceased operations on October 14, 2025. This closure marks the end of its flagship fund, which had been operational since 2012. The status of Fund II remains ambiguous, with no recent investment activity reported in the past 24 months.
Prior to its closure, VisionPlus Fund was involved in financing over 80 projects, focusing on growth-stage digital product companies. The last confirmed investment activity was related to Optofidelity, which raised $4 million in May 2016.
What are VisionPlus Fund's investment criteria?
VisionPlus Fund focuses on growth-stage digital product companies with proven revenue. The fund specifically targets sectors such as SaaS, gaming, healthcare, and consumer goods.
How can I pitch to VisionPlus Fund?
Founders can pitch to VisionPlus Fund by sending an email to info@visionplus.fi. The fund operates on a rolling application cycle, and there is no specific deadline for submissions.
What makes VisionPlus Fund different from traditional venture capital firms?
VisionPlus Fund utilizes a non-dilutive revenue-share financing model instead of taking equity stakes. This approach minimizes dilution for founders and allows for quicker returns on investment.
What is the typical check size for investments?
VisionPlus Fund typically invests between €100,000 and €1,000,000 in initial funding rounds, with the potential for follow-on investments in the millions.
What is the geographic focus of VisionPlus Fund?
The fund primarily focuses on Europe, particularly Finland and Northern Europe, targeting companies within these regions.
What kind of post-investment support does VisionPlus Fund provide?
VisionPlus Fund offers post-investment support in commercialization, sales, and marketing, leveraging its revenue-share model to align interests with portfolio companies and facilitate growth.
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