Diverse team of serial founders and investors with proven green transition track.

At your service.


Terhi Vapola

Terhi Vapola, PhD

Founder & Managing Partner

Terhi is a venture capitalist specialized in greentech and digitalization, with over 40 investments and 18 board positions. She founded and led Helen Ventures, and has co-founded multiple startups. She's Aalto University alumnus with a D.Sc. in International Business, and also holds degrees in Industrial Economics and Electrical Engineering. Her hobbies include sailing, yoga, and badminton.

Kaisa Hietala

Kaisa Hietala

Founder & Chair

Kaisa is an experienced business and sustainability executive who turns environmental challenges into growth opportunities for industrial companies. She played a central role to Neste's evolution into the leading renewable products producer, recognized by HBR as a top transformation. Currently, she serves on the boards of Exxon Mobil, Rio Tinto, and Smurfit Kappa Group, and chairs Tracegrow. Kaisa enjoys cross-country skiing and is a proud member of the Training For Warriors community.

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Ines Bergmann-Nolting

Managing Partner

Ines brings 15 years of experience in energy, cleantech, and venture capital, with expertise in innovation and strategy consulting. As a strategic leader focused on the green transition, she has held roles such as Managing Director and Investment Director, significantly shaping E.ON SE's venture capital efforts and energy portfolio globally since 2013. Ines serves on several boards across Europe and North America, manages a family with two small boys, and relaxes with yoga.

Manuel Heckmann

Manuel Heckmann

Venture Partner

Manuel is an experienced entrepreneur and investor with a focus on impact investing, particularly in green mobility and deep tech. He has a vast network across Europe and contributes to several startup accelerators. Recently, he led the growth of EcoG, a major IoT platform for EV charging in Europe, and has founded four successful ventures. His entrepreneurial journey began at the age of 14. In his next life he wants to be a sea otter. Until then, he collects good karma points as a vegan doing yoga.

Karin Henriksson

Karin Henriksson

Venture Partner

Karin is an impact entrepreneur and founder of WhistleB, a whistleblowing SaaS solution used in 150 countries. She also established TripleB, an ESG advisory firm, and serves as Vice President at Respect Sustainable Business. Previously, she enhanced digital solutions at Satama Interactive. Karin authored two books, "Sustainable Profit" and a whistleblowing handbook. She enjoys reading and traveling and her spirit animal is a seal.

Petra Koivuvaara_-4 1

Petra Koivuvaara

Investment Manager

Petra is an enthusiastic investor and community builder with experience from Maki.vc - a generalist seed-stage fund, where she focused on impactful companies. Previously, she worked at a B2B SaaS startup. Her soccer skills took her to the U.S. for her Bachelor’s, followed by a double Master’s in Accounting and International Management from Aalto University and ESADE. She loves learning new languages and cultures, play almost any sport, and read.

Patrik Fjällberg

Patrik Fjällberg

Investment Analyst

Patrik is a venture analyst and an active contributor to the Finnish startup ecosystem, having built and led various projects from startup accelerators to hackathons. He has been supporting early-stage founders at Aaltoes and by co-founding SILTA - a program that takes Finland’s top founders to Silicon Valley. Academically, he comes from business studies at Aalto University. He enjoys sports in all forms, plays music, and is a regular sight in Helsinki's sauna scene.

Aleksi Päkkilä Greencode Ventures

Aleksi Päkkilä

Investment Analyst

Aleksi is a venture analyst experienced in both early and growth-stage ventures through his roles at Wave Ventures and Evli Growth Partners. He co-founded SILTA, a program connecting Finnish founders with Silicon Valley, and has been active in Finland's entrepreneurial scene with Aaltoes. He studies Mathematics and Systems Sciences at Aalto University. In his free time, Aleksi enjoys exploring philosophical and scientific concepts and spending time in nature.

Helmi Puustinen Greencode Ventures

Helmi Puustinen

Investment Analyst

Advisory Board


Sari Baldauf Greencode

Sari Baldauf

Sari is the Chairwoman of Nokia and has had a board professional career in category-leading companies, such as Fortum, Mercedes-Benz, Deutsche Telecom, Hewlett-Packard, Akzo Nobel, YIT. She was also part of the “dream team” transforming Nokia.

Mika Anttonen

Mika Anttonen

Mika is the founder and owner of the energy and renewables company St1. He is also actively involved in the financing of various projects to combat climate change and eventually replace oil. 

Advisory Network


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Hanna-Maria Heikkinen

Hanna-Maria is a board professional with more than 20 years of professional experience in various roles in the financial markets and industrial companies looking for decarbonisation. She has good understanding of green technologies, transformations and related opportunities in various industries gained during her career in Wärtsilä, Cargotec, Valmet, YIT, Solwers and Helen. She has over ten years of experience as board professional.

JT Bergqvist

JT Bergqvist

Dr. J. T. Bergqvist chairs currently three technology companies. Over the years, he has led operationally several technology businesses and acted as board member or chairman in over 15 companies. He has held leading positions for example at Nokia. His passion is to anticipate sustainable value chain changes and make them happen.

Juho Ristolainen Greencode Advisor

Juha Ristolainen

Juha is a Finnish Tech Executive and NED with 25 years of experience building software products and solutions. Currently building an investment API at Upvest in Berlin, Germany. Keen to support impactful projects across the board solve the difficult problems using technology.

Kaija Pöysti Greencode Advisor

Kaija Pöysti

Kaija has 40 years of experience on successfully founding, growing and coaching companies. She has coached hundreds startups through several incubator programs. Her special interests in advisory work include growth strategy, business model, go-to-market, competitive advantages, and systematic operations, especially on creating new services and operative efficiencies from data, AI and ML.

Kaisa Hernberg

Kaisa Hernberg

Kaisa Hernberg is a board professional, serial entrepreneur and sustainability expert. She has in-depth knowledge of sustainability legislation and standards, sustainability reporting and DEI, as well as experience of high-level roles in politics, communication and public affairs. She has worked at companies including Business Finland, Helen, DNV and FiBAN.

Per Wassén Greencode Advisor

Per Wassén

Per is a member of the Royal Swedish Academy of Engineering Sciences (IVA), a board member of GU Ventures (University of Gothenburg), and a former Investment Director of Volvo Group Venture Capital. He is an experienced executive manager and board member, with extensive experience within the automotive industry.

Rauha Bato-Liukkonen Greencode Advisor

Rauha Bato-Liukkonen

Rauha Bato-Liukkonen has proven expertise in leveraging disruption through the development of leadership and customer experience capabilities. She has led many successful business turnarounds and cultural transformations, driving sustainable growth across startup ventures as well as established corporate landscapes spanning diverse industries. Most recently, she played a pivotal role in facilitating Helen Ltd's green transition.

Sebastian Langenskiöld Greencode Ventures

Sebastian Langenskiöld

Sebastian has extensive experience in enterprise software and ecosystems, having supported and coached 50+ companies to international growth. His background in entrepreneurship and executive board positions has shaped key partnerships and strategies for market expansion. Sebastian excels in identifying strategic investments and building lasting business relationships.

Get in touch at hello@greencode.vc