A word with Butterfly Ventures founder

“Personally, I would like to invest into a robot that delivers pizzas than an app that lets you order pizzas” – founder of Butterfly Ventures Matti Kanninen after closing €13M out of their €24M Fund in order to focus on “Due Diligence” investments in the space of hardware and deep tech. Seems like Butterfly Ventures has a unique approach to how it invests. Think: small seed round, followed by a due diligence period, followed by a larger investment, with a “big if” in between. Moving on. One of the LP’s for the fund is Finnish insurer Elo.