Illusian Group

Illusian Group is a family office established by Ilkka Paananen, co-founder and CEO of Supercell, a notable startup decacorn in Europe. It serves as a collaborative platform for founders who have successfully scaled companies such as Supercell, Zalando, Wolt, Aiven, Pigment, and Smartly. While its members continue to manage their respective businesses, Illusian Group focuses on aligning their extensive networks, capital, and expertise to empower and support emerging entrepreneurs in their endeavors. Through this initiative, Illusian aims to foster innovation and growth within the startup ecosystem.
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Mikko Savolainen

Partner

44 past transactions

IXI

Series A in 2025
IXI is a company focused on advancing optical eyeglasses technology to enhance vision. It specializes in innovative lenses designed to offer a wide and clear field of view for both near and intermediate distances, effectively addressing the shortcomings of conventional progressive lenses. By providing a farsighted eyeglass prescription, IXI enables users to read and work with optimal vision without the need for multifocal lenses or constant switching of eyeglasses. The company aims to modernize traditional eyeglass optics, ensuring that individuals can experience vision as nature intended.

Ever

Seed Round in 2024
Ever is an automotive technology and household electrification company. Its online platform, evercars.com, provides consumers and small businesses with the best way to buy and sell electric cars in the US.

Zero

Pre Seed Round in 2024
Zero is a technology company that specializes in AI-powered Customer Relationship Management (CRM) and sales automation. Its platform unifies customer data and leverages AI agents to monitor and update buying signals, enabling businesses to streamline lead generation, enhance customer insights, and improve sales efficiency.

Taito.ai

Seed Round in 2024
Taito.ai specializes in an AI platform that empowers users to create and deploy intelligent applications. It offers a range of tools and features for developing and optimizing machine learning models. Additionally, the company's AI-powered performance enablement platform automates employee performance management, streamlining processes such as feedback, one-on-ones, and growth planning to enhance employee development and team progress.

Lightdash

Series A in 2024
Lightdash transforms a dbt project into a comprehensive BI platform. It enables analysts to write metrics that can be used across the organization for genuine self-serve analytics.

Droppe

Seed Round in 2024
Droppe operates an online marketplace platform that connects European industrial equipment manufacturers with industrial buyers. Its platform focuses on helping businesses efficiently source and order packaging, paper, and operating supplies at a lower cost while ensuring responsible sourcing.

Saltz

Seed Round in 2024
Saltz is a European marketplace focused on providing fresh seafood and meat directly from producers to restaurants. The company operates an app that facilitates direct sourcing from farms, fishing boats, and regional suppliers, allowing chefs to purchase premium products without the involvement of middlemen or distributors. By enabling producers to set their own prices and offering flexible delivery options, Saltz ensures that chefs receive fresher products at lower costs. The platform also emphasizes sustainability with a commitment to carbon-neutral deliveries, enhancing the overall value proposition for both producers and buyers in the food industry.

Limbic

Series A in 2024
Founded in London in 2017, Limbic specializes in developing software solutions for mental health. They create AI-driven agents to assist in patient intake, triage, screening, and therapy, aiming to enhance the efficiency of healthcare providers and improve patient outcomes.

Born

Seed Round in 2024
Born is an AI company that develops AI characters for social applications. These characters can grow, evolve, and interact with users in human-like ways, and are integrated into social apps as virtual companions.

n8n

Series A in 2024
n8n is an open-source workflow automation platform that connects applications, automates processes, and can integrate AI capabilities into business operations. It provides a visual, node-based interface for building custom workflows and can be self-hosted or hosted, with data synchronization, secure access, and data storage across diverse apps and databases. The platform enables automation of daily tasks without extensive coding and is based in Berlin, Germany.

Bob W

Series B in 2024
Bob W is a provider of short-stay accommodation services that offers an alternative to traditional hotels. The company operates a managed marketplace of serviced apartments that combine the quality standards and amenities of a lifestyle hotel with the authenticity and functionality of a home. Each apartment is locally designed, work-friendly, and equipped with hotel linens and professional cleaning services. Additionally, the accommodations feature fully equipped kitchens, access to local gyms, and curated breakfast options. This approach allows travelers to easily find and enjoy short-stay accommodations tailored to their needs while ensuring a high standard of service and ecological mindfulness.

Arcane

Seed Round in 2023
Arcane Intelligence is an AI Copilot that accelerates marketers.

Noice

Series A in 2023
Noice is an early-stage startup focused on creating a live streaming platform tailored for gamers. The platform incorporates interactive features that foster community engagement, allowing gamers to connect with one another and expand their audiences. By positioning itself within one of the fastest-growing segments of the gaming industry, Noice aims to provide a supportive environment that enhances the gaming experience and encourages collaboration among users.

Getpaid

Seed Round in 2023
Getpaid is a technology company based in Germany and Spain that specializes in payment solutions for platforms and marketplaces. Its primary goal is to create the most platform-centric solution, enabling these platforms to maximize revenue potential, gain valuable insights from payments data, enhance customer experience, and optimize payment operations.

Elicit

Seed Round in 2023
Elicit is an artificial intelligence research assistant that uses language models to help users automate research workflows. This research assistant finds relevant papers without a perfect keyword match, summarizes takeaways from the papers, and extracts key information from the papers.

Plan A

Series A in 2023
Plan A is Europe's leading provider of corporate carbon accounting, decarbonization, and ESG reporting software. Its SaaS platform combines advanced technologies with the latest scientific standards, enabling businesses to manage their entire net-zero journey in one central hub.

Isometric

Seed Round in 2023
Isometric operates a registry for high-quality science-backed carbon removal credits. Its platform verifies and records carbon removal claims transparently, enabling companies to obtain scientific carbon credit certification to meet their climate commitments.

Riot

Series A in 2023
Riot Security Inc. is a cybersecurity company based in San Francisco, California, that specializes in combating phishing attacks. Founded in 2020, Riot develops and operates a comprehensive security platform designed to educate employees about security risks. The platform simulates fake phishing campaigns to raise awareness and enhance employee training regarding potential threats. Additionally, it implements two-factor authentication to secure products and internal tools, thereby reinforcing overall security measures within organizations.

DeepL

Venture Round in 2022
DeepL is a deep learning company that develops artificial intelligence-powered translation software and online services for multilingual communication. Its core products include the DeepL Translator, a neural network-based translation service, and the Linguee app, a bilingual dictionary and contextual search. The platform supports multiple languages, offers integration with third-party applications, adaptive writing suggestions, and secure data processing to protect privacy. DeepL aims to deliver accurate, context-aware translations for individuals and businesses, enabling efficient, natural language communication.

Bob W

Series A in 2022
Bob W is a provider of short-stay accommodation services that offers an alternative to traditional hotels. The company operates a managed marketplace of serviced apartments that combine the quality standards and amenities of a lifestyle hotel with the authenticity and functionality of a home. Each apartment is locally designed, work-friendly, and equipped with hotel linens and professional cleaning services. Additionally, the accommodations feature fully equipped kitchens, access to local gyms, and curated breakfast options. This approach allows travelers to easily find and enjoy short-stay accommodations tailored to their needs while ensuring a high standard of service and ecological mindfulness.

Huuva

Seed Round in 2022
Huuva develops a solution for restaurateurs to expand their brands into new markets sustainably. It creates unique virtual food court experiences within delivery apps.

Hemby

Seed Round in 2022
Helppy is a provider of elderly care services focused on delivering comprehensive support to seniors across Europe. Originating in Ullanlinna, Helsinki, it quickly established itself as the largest private elderly care provider in the area, subsequently expanding to Lauttasaari. Helppy combines a dedicated team of local in-house nurses with structured resources, training, and partnerships with local retailers, hospitals, and pharmacies. This approach allows Helppy to offer a range of services, including personal and medical care, assistance with household chores, and support for outdoor errands. By enhancing municipal home care services, Helppy aims to facilitate a happier and more stress-free life for elderly individuals and their families.

HiveMQ

Series A in 2022
HiveMQ is an enterprise MQTT platform developer that enables organizations to connect, communicate, and control IoT data with reliability and scale. The platform is designed to handle real-world stress and supports use cases across automotive, energy, logistics, smart manufacturing, and transportation. It serves as the trusted standard for enterprise IoT, helping architects and developers build mission-critical applications such as connected cars, industrial automation, and smart services. Leading brands across automotive, energy, and manufacturing rely on HiveMQ to modernize factories, optimize operations, and improve customer experiences. By prioritizing flexibility, security, and high availability, HiveMQ enables secure, scalable messaging for large fleets of devices and complex IoT ecosystems.

Kevin.

Series A in 2022
Kevin is a fintech company that offers an advanced account-to-account payment infrastructure. It aims to replace traditional card transactions with direct bank account payments, improving customer experience and reducing costs for merchants.

Nord Security

Venture Round in 2022
Nord Security specializes in digital security and privacy solutions for both individual users and businesses. Its primary offerings include NordVPN for secure internet access and Surfshark, focusing on consumer-oriented security tools.

Bardeen

Seed Round in 2022
Bardeen develops a no-code automation tool that enables users to replace repetitive tasks with single shortcuts. Its browser extension automates various workflows such as data copying, web scraping, and reminders. Users can also create custom automation workflows tailored to their needs.

Swappie

Series C in 2022
Swappie is a company that focuses on the refurbishment and sale of used smartphones, particularly iPhones. It operates an online marketplace where consumers can purchase high-quality, refurbished smartphones at competitive prices. Swappie buys used devices, which undergo a stringent 52-step testing and refurbishment process to ensure they meet strict quality standards. This process includes checking hardware and software functionality, replacing defective parts, and thoroughly cleaning each device. By offering affordable, tested smartphones, Swappie provides a convenient solution for consumers seeking reliable mobile devices.

Elo Health

Seed Round in 2022
Elo Health is a company that specializes in personalized nutrition services aimed at promoting optimal health and wellness through the use of biomarkers. By leveraging artificial intelligence and expert guidance, Elo Health creates tailored supplements specifically calibrated to meet individual needs. The company identifies and addresses nutrient gaps by analyzing blood test results, activity data, and providing one-on-one support from dietitians. This approach ensures that customers receive scientifically proven ingredients, empowering them to adopt and maintain healthier lifestyles effectively.

Droppe

Seed Round in 2022
Droppe operates an online marketplace platform that connects European industrial equipment manufacturers with industrial buyers. Its platform focuses on helping businesses efficiently source and order packaging, paper, and operating supplies at a lower cost while ensuring responsible sourcing.

Flow AI

Seed Round in 2021
Flowrite Oy is a Finnish company founded in 2020 that specializes in developing an AI-powered writing tool designed to enhance productivity in everyday communication. The company's browser extension transforms users' written instructions into ready-to-send emails, messages, and social media posts, effectively streamlining the writing process. By focusing on maintaining a personal tone of voice, Flowrite's product helps users navigate the complexities of structure, articulation, and grammar, allowing them to communicate more efficiently without sacrificing individual style. Based in Helsinki, Flowrite aims to simplify and improve the daily writing tasks of its users.

Aiven

Series C in 2021
Founded in 2016, Aiven specializes in hosting and managing open-source databases and messaging systems on major cloud platforms for global businesses. Its offerings include PostgreSQL, Redis, InfluxDB, Grafana, Elasticsearch, Kafka, and Cassandra. Headquartered in Helsinki with offices worldwide, Aiven enables clients to focus on application development while it handles data infrastructure management.

FightCamp

Series B in 2021
FightCamp is a fitness technology company established in 2016, initially operating under the name Hykso. The business specializes in on-demand boxing and high-intensity interval training (HIIT) workouts, enhanced by wearable motion trackers that monitor and provide real-time feedback on punches thrown and reps completed during sessions. Led by experienced fighters, FightCamp delivers rigorous, well-rounded workout experiences tailored for users seeking challenging, data-driven fitness routines. The company transitioned from solely selling its punch tracking hardware to offering subscription-based content in 2018, adopting the FightCamp moniker thereafter.

IXI

Seed Round in 2021
IXI is a company focused on advancing optical eyeglasses technology to enhance vision. It specializes in innovative lenses designed to offer a wide and clear field of view for both near and intermediate distances, effectively addressing the shortcomings of conventional progressive lenses. By providing a farsighted eyeglass prescription, IXI enables users to read and work with optimal vision without the need for multifocal lenses or constant switching of eyeglasses. The company aims to modernize traditional eyeglass optics, ensuring that individuals can experience vision as nature intended.

n8n

Series A in 2021
n8n is an open-source workflow automation platform that connects applications, automates processes, and can integrate AI capabilities into business operations. It provides a visual, node-based interface for building custom workflows and can be self-hosted or hosted, with data synchronization, secure access, and data storage across diverse apps and databases. The platform enables automation of daily tasks without extensive coding and is based in Berlin, Germany.

Reface

Seed Round in 2020
Reface is a Ukrainian product company that develops artificial intelligence tools to transform media content. The company offers a suite of AI-powered applications for content creation, including Reface, a mobile app that enables face swapping in video and images, voice-over content, and AI-generated portraits; Revive, which animates still images; Memomet, for creating Ukrainian memes; and Metahead, technology for neural rendering of 3D images from 2D photos. Reface aims to make advanced AI tools accessible to creators to produce and customize media and to help audiences engage with personalized visuals.

Solar Foods

Series A in 2020
Solar Foods is a food‑tech company founded in 2017 and headquartered in Lappeenranta, Finland. It develops a patented hydrogen‑fermentation platform that converts electricity into hydrogen, which is then combined with carbon dioxide, water, vitamins, and minerals to feed hydrogen‑oxidizing microbes. The resulting single‑cell biomass is processed into Solein, a protein‑rich powder that serves as a sustainable, nutritionally complete substitute for animal‑derived proteins. The company focuses on commercializing this technology to produce food raw materials that can replace animal‑based foods while reducing environmental impact.

Zwift

Series C in 2020
Zwift is a California-based developer of an interactive fitness platform that transforms indoor cycling and running into social, immersive experiences. The platform pairs with stationary trainers and treadmills to let users ride or run in virtual landscapes, train together, and compete with friends online. Founded in 2014, the company focuses on bringing outdoor exercise indoors through gaming technology and also markets gear, clothing, accessories, and gift cards online.

Supermetrics

Series B in 2020
Founded in 2013, Supermetrics is a Helsinki-based SaaS company specializing in automation tools for web analytics and online marketing. Its platform unifies disparate marketing data, enabling users to analyze and report on performance metrics across various platforms.

Hopin

Seed Round in 2020
Founded in London in 2019 by Johnny Boufarhat, Hopin operates a live virtual events platform that enables users to create engaging online experiences. It facilitates networking, learning, and interaction through features such as one-on-one meetings, group sessions, keynote presentations, chat messaging, polls, and interactive expo areas.

Cytora

Series A in 2017
Cytora provides a configurable risk digitization and analytics platform for commercial insurance. The platform digitizes each incoming risk, augments it with internal and external data sources, and evaluates it against rules governing appetite and priority before routing to downstream underwriting systems for automated or manual processing. Using artificial intelligence, Cytora learns patterns of risk and loss outcomes over time, computes a risk rank, score, and price for each property and organization, and helps insurers target profitable risks, improve risk selection, and optimize pricing. The company was founded in 2014 and is headquartered in London.

Wolt

Series A in 2016
Wolt is a food delivery company that operates an online platform designed to facilitate the discovery and ordering of diverse cuisines. Users can easily browse a wide selection of restaurants, select their desired meals, and place orders for takeaway or home delivery. The platform emphasizes real-time logistics optimization, enhancing the efficiency of food delivery services. Through its user-friendly mobile interface, Wolt aims to provide a convenient solution for customers seeking quick access to quality food options.

Omio

Series B in 2015
Founded in 2012, Omio operates a multi-modal travel platform that enables users to compare, plan, and book various modes of transportation including trains, buses, flights, and hotels. The platform uses real-time data to suggest optimal routes, estimate travel time, and provide cost comparisons across different travel options.

Wolt

Seed Round in 2015
Wolt is a food delivery company that operates an online platform designed to facilitate the discovery and ordering of diverse cuisines. Users can easily browse a wide selection of restaurants, select their desired meals, and place orders for takeaway or home delivery. The platform emphasizes real-time logistics optimization, enhancing the efficiency of food delivery services. Through its user-friendly mobile interface, Wolt aims to provide a convenient solution for customers seeking quick access to quality food options.

Ontik

Ontik offers a modern payment platform that automates key credit processes for merchants. This helps reduce administrative burden, minimize credit losses, and enables real-time reporting, ensuring timely payments.
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