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 and board professional with focus on greentech, digitalization, internationalization, and business growth. She has made 40+ investments and served on 18 startup-boards. She founded Helen Ventures, where she led its creation from the initiation to a strong portfolio across Europe all the way to its first portfolio exit. She has also co-founded multiple startups, acted as an angel investor, and contributed to rapid global business growth of Nokia. She received her D.Sc. degree in International Business from Aalto University. She also holds degrees in Industrial Economics, and in Electrical and Electronic Engineering. On her free time, she likes sailing, yoga and badminton.

Kaisa Hietala

Kaisa Hietala

Founder & Chair

Kaisa is an experienced business and sustainability executive who helps industrial companies to transform the challenges of environmental megatrends into business opportunities and growth. She played a central role in the strategic transformation of Neste into the world’s largest and most profitable producer of renewable products, which was named by Harvard Business Review as one of the “Top 20 Business Transformations of the Last Decade” in 2019. Currently, Kaisa serves on the Board of Exxon Mobil, Rio Tinto and Smurfit Kappa Group, and is the Chairman of the Board at Tracegrow, a private Finnish circular economy company. On her free time she's the proud member of Training For Warriors community and an enthusiastic cross-country skier.

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Ines Bergmann-Nolting

Managing Partner

Ines has 15 years of experience in energy and cleantech paired with a strong background in venture capital, innovation, and strategy consulting. She is a strategic thinker and a dynamic leader driven by the idea to shape the green transition beyond decarbonization. Ines has worked as a Managing Director, Vice President, Investment Director, Investment Principal and Consultant in Investment, Strategy and Operations. Since 2013 she has shaped the venture capital activities of E.ON SE and played an integral part in building the global future of the energy portfolio of E.ON SE. She also serves as a board member and trusted advisor for several European and North American portfolio companies. She's managing a family of two small boys and likes to relax at yoga.

Manuel Heckmann

Manuel Heckmann

Venture Partner

Manuel is a seasoned entrepreneur and investor passionate about solving the big challenges impacting our daily lives. His heart goes to impact investing and his sweet spot is green mobility and deep tech. Manuel has a strong network within the European startup scene and is involved in several startup accelerators such as Katapult Climate in Oslo and Techstars in Munich. Most recently, Manuel has been responsible for the successful growth of EcoG, the IoT operating system and platform for Electric Vehicle Charging infrastructure in Europe. He has built and started four successful ventures throughout his career. He started his first software business at the age of 14 - a learning database for latin vocabulary. 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 and sustainability entrepreneur. As the founder of WhistleB, a leading whistleblowing provider, she led the expansion of the WhistleB SaaS solution, which is currently used by customers in 150 countries and 60 languages. Karin also founded TripleB, an ESG advisory firm, and serve as Vice President at Respect Sustainable Business. At Satama Interactive, Karin leveraged her expertise in digital solutions and communication. Karin is also the author of two books, "Sustainable Profit" and a handbook on whistleblowing. On her free time she loves reading and traveling. Her spirit animal is a seal.

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Petra Koivuvaara

Investment Manager

Petra is an enthusiastic investor and community builder. Three years at a generalist seed-stage fund Maki.vc enabled her to embed herself in the ecosystem and especially work with companies making impact in people and planet, and before that she saw the other side of the table at a B2B SaaS startup. Playing soccer led her to study in the U.S., where she completed her Bachelor’s Degree and later received double Master’s Degree in Accounting and CEMS MiM in International Management at 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 business student at Aalto University with experience in building and leading multiple projects in the Finnish startup ecosystem. His experience includes running a startup accelerator Ignite, co-founding SILTA - a program that takes Finland's top founders to Silicon Valley - and working in the board of Europe’s most prominent student-run entrepreneurship society Aaltoes. He enjoys playing tennis, binging music, and is a regular sight in Helsinki's sauna scene.

Aleksi Päkkilä Greencode Ventures

Aleksi Päkkilä

Investment Analyst

Aleksi is a venture analyst and investor. By working at Wave Ventures and Evli Growth Partners, he has accumulated a holistic view of both early and growth-stage venture investing. He has worked extensively with early-stage founders through co-founding SILTA, a program that takes Finland's top founders to Silicon Valley, and facilitating the Finnish grassroots-level entrepreneurial movement at Aaltoes. Academically, he is studying Mathematics and Systems Sciences at Aalto University. He uses his free time to philosophising the future of humanity, exploring the fundamental fabric of reality, and enjoying his time in the nature.

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


Hanna-Maria 1

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.

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.

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.

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.

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.

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.

Get in touch at hello@greencode.vc