Business Finland

Established in 2018, Business Finland is a Finnish government agency dedicated to promoting innovation, internationalization, and tourism. It facilitates funding for research communities, industries, and service sectors, fostering technological, service-related, design, business, and social innovations. The agency connects global buyers with relevant contacts and assists investors with investment opportunities in Finland's key industries.

Kari Komulainen

Senior Director, Grants

273 past transactions

Fiberdom

Grant in 2025
Fiberdom is a company that specializes in the development of sustainable materials derived from wood fibers. They focus on creating plastic-free solutions, particularly in the realm of compostable cutlery designed for food service and take-away applications. Fiberdom's products are fully recyclable and comply with European regulations, catering to environmentally conscious consumers. The company's innovation lies in transforming wood fibers into high-performance materials, contributing to sustainability efforts across various industries. By creating eco-friendly alternatives, Fiberdom plays a significant role in the materials innovation sector.

SparkReceipt

Venture Round in 2025
SparkReceipt is a technology company that specializes in AI-driven financial management solutions for small businesses, entrepreneurs, and freelancers. Its core product is an AI-powered document management platform that automates and simplifies expense and income tracking. The platform extracts data from receipts and invoices, categorizes expenses and income, integrates with email for e-receipts, supports multiple languages and currencies, provides real-time profit and loss monitoring, and facilitates team collaboration. This enables users to efficiently manage their financial records and streamline their bookkeeping processes.

Solar Foods

Grant in 2025
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.

TheStorage

Seed Round in 2025
TheStorage is a company specializing in sustainable, grid-scale energy storage solutions. It offers a unique system capable of discharging heat, steam, or combined heat and power (CHP), providing emission-free and cost-efficient energy for various markets and industrial applications. The system enables simultaneous charging and discharging, facilitating access to green energy services and supporting the transition to renewable energy production.

StemSight

Seed Round in 2025
StemSight is a Finnish biotechnology company developing innovative cell therapies for treating blindness. Its proprietary platform uses induced pluripotent stem cells (iPSCs) and biomaterials, initially targeting rare diseases like limbal stem cell deficiency, with plans to expand to major corneal blindness conditions.

Aalto University

Grant in 2025
Aalto University is a multidisciplinary institution located primarily in Greater Helsinki, Finland, formed through the merger of three prestigious universities: the Helsinki University of Technology, the Helsinki School of Economics, and the University of Art and Design Helsinki. Established to foster innovation, Aalto University encompasses six renowned schools, offering education and research across science, business, arts, and design. With over 19,000 students and 5,000 staff members, it stands as Finland's third-largest university. The institution emphasizes a collaborative approach to education, integrating technological and artistic disciplines to address contemporary challenges. It features advanced research facilities, including those for neuroimaging and nano-materials, and actively contributes to societal development through research initiatives. Aalto University is committed to high-quality education, producing numerous graduates at various academic levels while maintaining strong connections with international research networks and promoting the societal relevance of its findings.

Nitro Games

Post in 2024
Nitro Games is a seasoned mobile game developer with over ten years of experience in strategy games. They specialize in creating high-quality, free-to-play strategy games for both tablets and smartphones.

Liquid Sun

Seed Round in 2024
Liquid Sun is a new breed of green tech that converts CO2 into fossil-free fuels. Liquid Sun is at the forefront of transforming fossil fuel-free chemicals and green energy solutions because a fossil fuel-free future is essential and it eliminates the need for fossil fuels to keep our planet breathing.

Grafintec

Grant in 2024
Grafintec Oy is a Finnish company focused on developing and utilizing carbon technology to produce graphite. Graphite is an essential material in many industries, particularly in energy storage, electronics, and battery technologies, due to its unique properties such as high conductivity, heat resistance, and stability.

Happy Plant Protein

Grant in 2024
Happy Plant Protein is a food technology company specializing in plant protein production. It has developed a unique, single-step extrusion process that converts regular flour into high-quality protein and starch texturates, using minimal water and vegetable oil. This innovative method eliminates the need for complex fractionation, enabling local, cost-effective, and scalable production of plant-based ingredients. The company's technology addresses the growing demand for sustainable food solutions, offering a more efficient and environmentally friendly production process with reduced energy use and minimal processing steps.

PrecisionPhage

Seed Round in 2024
PrecisionPhage, based in Jyvaskyla, Finland, is a biotechnology company focused on bacteriophage technologies. It provides an online phage genome analysis tool and services including bioinformatic analyses, bacteriophage licensing, and laboratory services. These offerings enable healthcare firms to perform genome assembly, analysis, and comparison, as well as facilitate drug development research.

Serres

Grant in 2024
Serres provides fluid management, surgical suction system, supply chain management, and medical devices services.

Spinnova

Post in 2024
Spinnova is a technology company that develops processes to produce textile fiber directly from wood fibre or waste without the use of harmful chemicals. It offers technology deliveries and services to enable sustainable textile production and aims to transform the global textile industry. Founded in 2014 and based in Jyväskylä, Finland.

Moncyte Health

Grant in 2024
Moncyte Health specializes in developing patented technology aimed at optimizing the treatment and prevention of cardiovascular disease. It offers a personalized cellular mechanism analysis test to identify patients unlikely to respond to statin treatment, enabling data-driven treatment decisions for high cholesterol.

Fepod

Debt Financing in 2024
Fepod develops a healthcare electrochemical analysis tool designed to measure real-time blood concentrations of pain medications like paracetamol and opioids. Their tool comprises mass-producible, disposable sampling sensors read by an affordable, portable analytical device connected to a standard smartphone, enabling professionals to provide improved, personalized patient care.

QMill

Grant in 2024
QMill is a pioneering company specializing in quantum computing. It develops advanced quantum algorithms tailored for the NISQ era, aiming to deliver practical quantum advantage. The company focuses on creating solutions for complex optimization problems that classical computers struggle with, enabling businesses to enhance their data analytics, forecasting, and optimization processes.

Polku Therapeutics

Pre Seed Round in 2024
Polku Therapeutics is a therapeutics company specializing in the development of novel treatments for neurodegenerative disorders. It employs a virtual drug development model, combining cost efficiency and adaptability, to collaborate with experts globally and offer new treatment options for conditions such as Parkinson's disease and Alzheimer's.

Root Signals

Seed Round in 2024
Root Signals is a technology company that specializes in developing an AI-based platform for building, measuring, and controlling large language model (LLM) automations at scale. Its platform ensures reliable, measurable, and auditable LLM workflows, preventing hallucinations and maximizing accuracy. The company's tool enables the deployment of production-ready generative AI applications, supports continuous monitoring of LLM automation behavior in production, and helps encode human skills into AI skills.

Jobilla

Venture Round in 2024
Jobilla is a digital recruitment platform that assists employers in branding and hiring suitable candidates. By leveraging artificial intelligence and data-driven insights, Jobilla enhances recruitment campaigns, allowing companies to proactively identify and engage potential candidates who may not be actively seeking employment. The platform connects businesses with targeted hiring channels, broadening the talent pool and improving the chances of finding the right fit for job positions. Through its innovative software, Jobilla streamlines the recruitment process, facilitating a more efficient match between employers and job seekers based on qualifications and roles.

Marginum

Debt Financing in 2024
Marginum is a university-based medical technology startup focused on developing fluorescence-based tissue detection systems aimed at enhancing cancer treatment. The company leverages data-driven technologies to improve the identification of cancer cells during surgeries, ultimately facilitating better surgical performance and greater cost-effectiveness in healthcare. By collaborating closely with academic, clinical, and industrial experts, Marginum ensures that its innovative solutions are seamlessly compatible with clinical applications, advancing the field of oncology through state-of-the-art research and technology.

NADMED

Grant in 2024
NADMED develops NAD measurement technology designed to quantify all four NAD forms and glutathione. Its metabolite extraction system uses a nondestructive extraction method and colorimetric quantification to enable precise analysis across diverse biological samples. The technology supports research and clinical applications by providing measuring kits for laboratories and laboratory services, with use cases spanning cells, liver, brain, muscle, and blood from human or animal origin. NADMED aims to support researchers and clinicians in studying NAD metabolism and redox biology through accessible, reliable measurement tools.

Fepod

Grant in 2024
Fepod develops a healthcare electrochemical analysis tool designed to measure real-time blood concentrations of pain medications like paracetamol and opioids. Their tool comprises mass-producible, disposable sampling sensors read by an affordable, portable analytical device connected to a standard smartphone, enabling professionals to provide improved, personalized patient care.

Social First

Seed Round in 2024
Social First is a seasoned game development studio specializing in cross-platform social sandbox MMOs. With a proven track record and successful early market testing, their current title showcases significant advancements in user-generated content, digital asset trading, and social gameplay. Backed by Play Ventures, they aim to become a billion-dollar company.

Geopyörä Oy

Grant in 2024
Geopyörä is the state of the art in rock breakage characterization testing and it was developed to allow mining companies to test several samples at low cost for geometallurgical, comminution design and control applications

Basemark

Series B in 2024
Basemark specializes in developing augmented reality software for enhanced driver awareness and safety. It offers tools to avoid occlusion, prevent motion sickness, and support multiple in-vehicle displays, enabling automotive manufacturers to create practical AR applications.

Onego Bio

Grant in 2024
Onego Bio is a biotechnology company focused on producing animal-free egg white protein through precision fermentation. Their flagship product, Bioalbumen, offers a sustainable alternative to traditional egg proteins, boasting identical taste and nutritional profiles while providing superior functional properties and a significantly reduced environmental footprint. By employing commercially proven technology, Onego Bio meets the growing demand for stable and sustainable functional ingredients within the food industry. The company has gained recognition as a leader in innovation, winning Fast Company’s 2023 World Changing Ideas award. Additionally, Onego Bio is actively involved in the industry as a co-founder of the Precision Fermentation Alliance and Food Fermentation Europe, further establishing its commitment to advancing sustainable food solutions.

Teamspective

Grant in 2024
Teamspective is a developer of a people analytics platform focused on enhancing workplace culture and employee satisfaction. Its software-as-a-service solution provides organizations with actionable, real-time insights into employee well-being and team collaboration effectiveness. By streamlining performance evaluations, Teamspective replaces traditional 360-degree feedback methods with timely, high-quality feedback that fosters personal development. Additionally, the platform offers customizable survey capabilities, enabling businesses to assess areas such as employee engagement and team performance tailored to their specific needs. Through its innovative approach, Teamspective helps organizations identify key dynamics and potential bottlenecks, allowing human resource professionals and managers to cultivate environments that encourage retention and growth. As a result, Teamspective's clients have reported significant improvements in employee satisfaction with feedback processes.

Nanoform

Grant in 2024
Nanoform is an innovative company focused on developing nanoparticle-based medicines to address challenges in drug development and delivery. Committed to supporting pharmaceutical companies, Nanoform aims to facilitate the creation of life-changing therapies by providing advanced solutions that enhance the efficacy and safety of medications. With a strong emphasis on innovation, the company strives to overcome obstacles in the pharmaceutical industry, ultimately contributing to the advancement of healthcare.

Supersight

Seed Round in 2024
Supersight is a leading developer of privacy-preserving computer vision technology. Based in Finland, the company is committed to developing cutting-edge technology that ensures 100% privacy, makes everyday life easier, brings efficiency and prevents climate change.

Infine

Debt Financing in 2024
Infine is a Nordic smart tech startup specialising in sustainability management. Our flagship product, Infine Insight, is a B2B SaaS that provides sustainability intelligence and data analytics for Fast-Moving Consumer Goods (FMCG) businesses to manage product, portfolio, and business sustainability. Expanding to B2B2C, under development: Another feature with strong market demand is our automated, consumer-friendly, product-specific sustainability indicator that can be embedded in 2D product information pages or any other digital platform. By leveraging deep technology and scalability, we provide our clients with the tools they need to lead in sustainability, from risk mitigation to opportunity identification.

Linio Biotech

Grant in 2023
Linio Biotech is a biotechnology platform focused on creating innovative solutions for individuals with skin defects and aging skin. The company has developed the world's first cell-free sterile tissue product for tissue regeneration, a breakthrough resulting from over a decade of research and development. Its unique technology features a cell-free allogenic protein-rich tissue product that replicates the body's natural healing process, promoting neovascularization and the repair of soft tissue layers at injury sites. This advancement provides patients with transformative alternatives for skin regeneration and the repair of skin defects, ultimately enhancing their quality of life. Linio Biotech's dedicated international team is committed to bringing this core technology to the global market.

MedicubeX

Debt Financing in 2023
MedicubeX is a pioneering company in the field of preventive healthcare, focused on developing autonomous self-measurement and telehealth eHealth Stations. As the first advanced health kiosk in the Nordics, MedicubeX provides users with access to clinical-grade medical check-ups regardless of their location. Its eHealth Stations are designed to measure vital signs and assess risk factors, particularly concerning cardiovascular health. These stations facilitate healthcare automation, allowing users to conduct health check-ups in just a few minutes. With features such as automated umbilical venous catheter disinfection and options for privacy during remote appointments, MedicubeX aims to deliver scalable and accessible solutions for monitoring health status and enhancing preventive care.

Resistomap

Grant in 2023
Resistomap is a company that specializes in monitoring antibiotic resistance through data-driven laboratory services. It focuses on mitigating the spread of antibiotic resistance in the environment by offering robust monitoring tools. The company integrates expertise in molecular genetics and data science with high-throughput real-time polymerase chain reaction technology. This combination allows Resistomap to deliver comprehensive laboratory and analysis services that facilitate environmental monitoring of antibiotic resistance, aiding customers in understanding and addressing this critical public health issue.

Marginum

Debt Financing in 2023
Marginum is a university-based medical technology startup focused on developing fluorescence-based tissue detection systems aimed at enhancing cancer treatment. The company leverages data-driven technologies to improve the identification of cancer cells during surgeries, ultimately facilitating better surgical performance and greater cost-effectiveness in healthcare. By collaborating closely with academic, clinical, and industrial experts, Marginum ensures that its innovative solutions are seamlessly compatible with clinical applications, advancing the field of oncology through state-of-the-art research and technology.

Kuva Space

Grant in 2023
Kuva Space is a company focused on enhancing life on Earth through its extensive constellation of nanosatellites equipped with advanced hyperspectral imaging technology. By utilizing its GREEN DATA® platform, Kuva Space addresses critical global challenges such as climate change, disaster response, and food security. The company provides actionable data and insights that support sustainable management of natural resources, enabling clients to optimize agricultural practices, improve land use, and make informed investment and financial decisions. Additionally, its technology allows for the measurement of regional carbon sequestration rates, prevention of large-scale forest fires, and detection of gas leaks, all facilitated by an integrated artificial intelligence platform.

Boksi

Series A in 2023
Boksi streamlines corporate content acquisition by offering a more authentic alternative to stock photos. It enables businesses to use their own products in visual media, resulting in significant cost savings compared to traditional photo shoots or agency services.

Saidot

Seed Round in 2023
Saidot is an AI governance and alignment company that provides a software platform to help enterprises and governments build safe, trustworthy AI. The platform supports registers of AI systems that are transparent, accountable, and explainable, and offers governance methodologies aligned with ethical standards and regulatory requirements. It is used by major public and private organizations to communicate about AI and to guide responsible deployment of AI-driven initiatives.

Betolar

Grant in 2023
Betolar Ltd., established in 2013 and headquartered in Kannonkoski, Finland, specializes in transforming industrial waste streams from energy, mining, and forestry sectors into geopolymer concrete. The company offers a range of products including concrete mixes, soil stabilization materials, and serves clients across construction industries such as ground engineering, mining, landscaping, and building materials. Betolar's core mission is to facilitate the green transition in various industries by providing sustainable, low-carbon alternatives to traditional cement-based concrete.

SaaShop

Seed Round in 2023
SaaShop is a software marketplace that specializes in providing various Software as a Service (SaaS) solutions, including CRM software from Pipedrive and services from ActiveCampaign and Freshdesk. The company focuses on bundling these technologies with well-known platforms from Microsoft and Google, catering to the needs of business owners. By offering cloud-based software, SaaShop eliminates the need for costly installations and ensures that clients benefit from timely updates and reliable data storage without the risk of loss due to hardware failures. Additionally, SaaShop enhances the customer experience by providing a single point of contact for support and facilitating immediate changes to subscription services and billing.

Bioretec

Grant in 2023
Bioretec Ltd. is a Finnish medical device company that specializes in the development, manufacturing, and marketing of bioabsorbable and bioactive surgical implants. These implants are designed for use in orthopedic, trauma, and sports medicine surgeries, catering to both pediatric and adult patients. Bioretec's products are recognized for their safety and reliability and are utilized globally. The company is committed to advancing materials and products suitable for high-load-bearing clinical applications. Notable brands associated with Bioretec include RemeOs, Activa IM-N, ActivaPi, and ActivaScrew.

Statzon

Grant in 2023
Statzon is a subscription-based market intelligence platform that delivers comprehensive market reports and insights from a wide range of trusted sources. It specializes in providing technology companies with reliable and up-to-date industry statistics and forecasts, allowing them to make informed, data-driven business decisions. The platform features millions of market reports, datasets, and insights across various topics and industries, all accessible in one location. Statzon is utilized by over 1,200 organizations, emphasizing its role as a valuable resource for strategic planning and analysis in the fast-paced business environment.

eMabler

Grant in 2023
eMabler develops an API-first platform for electric vehicle charging infrastructure. It integrates payment systems, business operations, data management, and electricity control with EV charging services.

Starcart

Debt Financing in 2023
Founded in 2021, Starcart is an online shopping marketplace offering a wide array of consumer products. Its platform aggregates listings from various retailers, enabling customers to compare prices and purchase items from different stores in a single transaction.

Spinnova

Grant in 2023
Spinnova is a technology company that develops processes to produce textile fiber directly from wood fibre or waste without the use of harmful chemicals. It offers technology deliveries and services to enable sustainable textile production and aims to transform the global textile industry. Founded in 2014 and based in Jyväskylä, Finland.

Front AI

Grant in 2023
Founded in 2019, Front AI specializes in developing customer service chatbots for finance, telecommunications, and insurance sectors. Based in Helsinki, Finland, the company uses advanced AI technology to automate customer service interactions.

Valosan

Funding Round in 2023
Scale your international PR into any local market. With Valosan, you connect with PR specialists in local markets and pitch your story to real journalists – without the need for big agencies!

Fixably

Seed Round in 2023
Fixably is a Finland-based software as a service company that provides an after-sales service management platform for repair shops, with a focus on Apple Authorized Service Providers. The platform integrates tools to perform and track repairs, manage internal resources and workflows, handle transactions, oversee logistics, and automate customer communications while aligning with Apple requirements. Founded in 2015 and headquartered in Helsinki, Fixably aims to streamline day-to-day device repair operations by combining hands-on repair expertise with software development and support capabilities. The solution helps technicians and service teams improve efficiency and coordination across service orders, resources, and customer interaction.

Fepod

Grant in 2023
Fepod develops a healthcare electrochemical analysis tool designed to measure real-time blood concentrations of pain medications like paracetamol and opioids. Their tool comprises mass-producible, disposable sampling sensors read by an affordable, portable analytical device connected to a standard smartphone, enabling professionals to provide improved, personalized patient care.

Vensum Power

Seed Round in 2023
Vensum Power is a Finnish technology company that develops power conversion technologies for electric vehicles, AC drives, grid-connected solar inverters, data center power, grid management, and arc suppression coils. Founded in 2018 and based in Espoo, it focuses on improving efficiency by reducing energy losses and enabling practical implementation across electric vehicles, solar and wind energy systems, and data centers. The company tailors its technology to assist manufacturers of electrical equipment, offering methods for power retention and energy savings to enhance performance and competitiveness.

Vensum Power

Debt Financing in 2023
Vensum Power is a Finnish technology company that develops power conversion technologies for electric vehicles, AC drives, grid-connected solar inverters, data center power, grid management, and arc suppression coils. Founded in 2018 and based in Espoo, it focuses on improving efficiency by reducing energy losses and enabling practical implementation across electric vehicles, solar and wind energy systems, and data centers. The company tailors its technology to assist manufacturers of electrical equipment, offering methods for power retention and energy savings to enhance performance and competitiveness.

Edudata.io

Grant in 2023
Edudata.io is a platform that enables students to understand how their personal data is processed. For educational institutions, it serves as a comprehensive data privacy solution, streamlining the process of EU GDPR Data Protection Impact Assessments and saving resources.

Doublepoint

Seed Round in 2023
Doublepoint specializes in developing AI-driven biometrics technology for highly accurate digital representation of human hands. Their innovations enable intuitive touch-based interactions across various applications.

Pethotel

Seed Round in 2023
Pethotel is a Marketplace for pet sitting. Pets can find suitable care provider & Pet lovers can spent time with pets without owning them.

Origin by Ocean

Debt Financing in 2023
Founded in Finland in 2019, Origin by Ocean is a biorefining company that transforms invasive algae and farmed seaweed into valuable bio-based chemicals. Their patented process enables the production of sustainable ingredients for various industries such as food & beverage, cosmetics, and textiles. By harnessing marine biomass, they help reduce excess nutrients in oceans while creating livelihood opportunities for coastal entrepreneurs.

Virta

Grant in 2023
Virta is a company that specializes in managing electric vehicle charging services on various scales, providing a comprehensive solution for both charging networks and businesses. Its offerings encompass the entire value chain, connecting electric vehicle drivers, charging points, and the energy system to facilitate seamless charging experiences. By utilizing a user-friendly mobile application or tag, clients can easily identify and access charging stations. Virta aims to enhance the adoption of electric mobility by delivering high-quality charging services that meet the needs of users while also helping real estate and other businesses differentiate themselves in the market.

Quanscient

Grant in 2023
Quanscient develops multiphysics simulation software that leverages cloud computing and quantum algorithms to enhance simulation technology. Its platform integrates advanced solvers, cloud computing, and future quantum integration, offering engineers a significant increase in simulation throughput. This enables fully digital R&D processes across industries such as fusion energy, semiconductors, biomedical engineering, automotive, and aerospace.

Ponsse Oyj

Grant in 2023
Ponsse Oyj is a company that manufactures, sells and maintains cut-to-length forest machinery.

Fepod

Debt Financing in 2023
Fepod develops a healthcare electrochemical analysis tool designed to measure real-time blood concentrations of pain medications like paracetamol and opioids. Their tool comprises mass-producible, disposable sampling sensors read by an affordable, portable analytical device connected to a standard smartphone, enabling professionals to provide improved, personalized patient care.

Fiberwood

Seed Round in 2023
Fiberwood manufactures eco-friendly wood fiber insulation boards using foam-forming technology. Their products are entirely bio-based, containing no plastic or fossil materials, and aim to promote sustainable construction and packaging.

Statzon

Debt Financing in 2022
Statzon is a subscription-based market intelligence platform that delivers comprehensive market reports and insights from a wide range of trusted sources. It specializes in providing technology companies with reliable and up-to-date industry statistics and forecasts, allowing them to make informed, data-driven business decisions. The platform features millions of market reports, datasets, and insights across various topics and industries, all accessible in one location. Statzon is utilized by over 1,200 organizations, emphasizing its role as a valuable resource for strategic planning and analysis in the fast-paced business environment.

VTT Ventures

Grant in 2022
VTT Ventures is a venture capital arm of VTT Technical Research Centre of Finland. It focuses on investing in early-stage companies with high-growth potential, utilizing technology developed by VTT. The firm invests primarily from its balance sheet and seeks minority stakes up to 25%. It prefers industry-agnostic investments in Finland, with transaction sizes ranging from EUR 0.11 million to EUR 0.6 million.

Aris4autism

Debt Financing in 2022
Aris4Autism specializes in developing online platforms for autism intervention. The company provides evidence-based digital solutions and expert guidance to support autistic children's progress towards independence and happiness, while also assisting their parents in the process.

Makea Games

Pre Seed Round in 2022
Makea Games is a game studio focused on developing a multiplayer, multiplatform universe that emphasizes user-generated content. The studio provides tools that empower players to create their own games and content, requiring only a game controller and no prior coding knowledge. This innovative approach aims to foster collaboration between the studio and its players, resulting in a virtually limitless variety of experiences and gameplay options. By enabling gaming enthusiasts to generate new levels and game worlds easily, Makea Games seeks to continuously enhance the gaming experience and keep players engaged with fresh content.

Alinor

Pre Seed Round in 2022
Alinor is a technology company that specializes in automating procurement compliance. Its platform streamlines purchasing processes, ensuring all transactions adhere to correct policies, stay within budget, have appropriate approvals, and involve suitable suppliers. By leveraging artificial intelligence, Alinor's solution automates steps from approvals to fulfillment, providing a user-friendly B2C-like experience for buyers and a seamless process for suppliers. The company focuses on digitizing and ensuring compliance in small procurements, defined by specific value thresholds, such as €60,000 for goods and services and €150,000 for construction works.

Spinnova

Grant in 2022
Spinnova is a technology company that develops processes to produce textile fiber directly from wood fibre or waste without the use of harmful chemicals. It offers technology deliveries and services to enable sustainable textile production and aims to transform the global textile industry. Founded in 2014 and based in Jyväskylä, Finland.

Front AI

Convertible Note in 2022
Founded in 2019, Front AI specializes in developing customer service chatbots for finance, telecommunications, and insurance sectors. Based in Helsinki, Finland, the company uses advanced AI technology to automate customer service interactions.

Onego Bio

Grant in 2022
Onego Bio is a biotechnology company focused on producing animal-free egg white protein through precision fermentation. Their flagship product, Bioalbumen, offers a sustainable alternative to traditional egg proteins, boasting identical taste and nutritional profiles while providing superior functional properties and a significantly reduced environmental footprint. By employing commercially proven technology, Onego Bio meets the growing demand for stable and sustainable functional ingredients within the food industry. The company has gained recognition as a leader in innovation, winning Fast Company’s 2023 World Changing Ideas award. Additionally, Onego Bio is actively involved in the industry as a co-founder of the Precision Fermentation Alliance and Food Fermentation Europe, further establishing its commitment to advancing sustainable food solutions.

Shoely

Grant in 2022
Shoely is making online shoe shopping easy, accurate and enjoyable. Shoely uses the power of 3D technology to make it easier than ever to find your perfect fitting shoes. With a quick 3D scan of your feet using the Shoely app on any iPhone, Shoely virtually fits your feet across 10K styles at Shoely.com. Every shoe you buy is customised with Shoely’s custom insoles based on your foot topography, giving you a perfect fit and feel every time. Since launching shoe sales in 1/2023, Shoely has proven that once a customer experiences personalization, they will never buy footwear any other way. Half of customers who bought shoes in Q1 had returned to make another Shoely purchase by Q3. A third of customers have already returned twice to buy more shoes. By improving the sizing and fit of online shoe purchases. Shoely is drastically reducing returns to under 10%, a fraction of the industry standard exceeding 40%.

Kide Science

Convertible Note in 2022
Kide Science Oy is an educational service provider based in Helsinki, Finland, focused on fostering natural science learning for children aged 3 to 8 through play-based methods. Founded in 2017, the company offers a platform that equips educators and parents with story-based lesson plans and optional training, enabling them to engage children in hands-on experiments that address real-world science problems. Kide Science's research-backed pedagogical approach, developed from extensive academic work at the University of Helsinki, has successfully attracted over 1,000 preschools across 30 countries. The company also launched a teacher platform in October 2021, which has garnered free trial users from over 100 countries and reaches more than 1 million children. Additionally, Kide Science has collaborated with Sanoma to produce a book series and partnered with DreamWorks Animation to create themed lesson plans based on its popular Netflix series, Gabby’s Dollhouse, further enhancing its innovative approach to early childhood education.

Taika Tech

Pre Seed Round in 2022
Taika Tech develops innovative consumer electronics aimed at creating smart homes accessible to a wider audience. The company focuses on a unique interface that interprets hand movements and locations through a smart ring. This technology allows users to control their surrounding devices intuitively, streamlining the interaction with their home environment. By prioritizing a natural user experience, Taika Tech seeks to enhance the integration of technology in everyday life.

Lygg

Debt Financing in 2022
Lygg is a smart mobility platform that aims to enhance the travel experience by providing innovative solutions for air travel. The company operates a travel platform designed to transform the flying experience by creating dynamic routing and aggregating customers' travel needs. Lygg offers private flights at prices comparable to commercial flights, leveraging smaller local airports to reduce travel time. Additionally, the platform focuses on enabling businesses to adopt emission-free travel options in the near future by utilizing electric flying technology. Through these initiatives, Lygg seeks to address the challenges of travel connectivity and promote sustainable mobility solutions.

Fepod

Grant in 2022
Fepod develops a healthcare electrochemical analysis tool designed to measure real-time blood concentrations of pain medications like paracetamol and opioids. Their tool comprises mass-producible, disposable sampling sensors read by an affordable, portable analytical device connected to a standard smartphone, enabling professionals to provide improved, personalized patient care.

Geopyörä Oy

Grant in 2022
Geopyörä is the state of the art in rock breakage characterization testing and it was developed to allow mining companies to test several samples at low cost for geometallurgical, comminution design and control applications

Nordic Umami Company

Grant in 2022
The emission-reduction benefits of shifting to plant-based eating are well documented. Yet many people are still deterred by the taste of plant-based food. Or rather, its lack of taste. Plant-based food is often missing exactly what people crave the most: umami. This is where we come in. We have developed a natural way of using food technology to create plant-based umami from plant food side products. In this way we also tackle another aspect of the food system that we believe needs to be fixed: wasting edible food.

Nextmile

Pre Seed Round in 2022
Nextmile is a community-based online service to help senior employees facing the end of their careers by preparing for a new phase of life while remaining active. Nextmile brings employers clarity and tools for the final years of a career. The service provides retirees with online content, social networks, and work opportunities during retirement.

Jobilla

Debt Financing in 2022
Jobilla is a digital recruitment platform that assists employers in branding and hiring suitable candidates. By leveraging artificial intelligence and data-driven insights, Jobilla enhances recruitment campaigns, allowing companies to proactively identify and engage potential candidates who may not be actively seeking employment. The platform connects businesses with targeted hiring channels, broadening the talent pool and improving the chances of finding the right fit for job positions. Through its innovative software, Jobilla streamlines the recruitment process, facilitating a more efficient match between employers and job seekers based on qualifications and roles.

Sniffie Software

Debt Financing in 2022
Sniffie offers AI-supported SaaS pricing software for e-commerce companies seeking to optimize margins and profitability. The platform helps e-commerce teams monitor competitor pricing, top-selling products, and product availability, and provides pricing automation and management tools to enable faster, more accurate pricing decisions. The solution supports dynamic pricing strategies and market intelligence to improve profitability for growing e-commerce businesses.

SpinDrive

Seed Round in 2022
SpinDrive specializes in the development of advanced levitation technology focused on enhancing energy efficiency and promoting oil-free solutions. The company manufactures magnetic bearing systems that are designed to minimize energy losses in machinery. These systems include a magnetic bearing sensor that accurately monitors the position of the shaft and relays this information to a magnetic bearing controller. This innovative approach allows clients to significantly improve the efficiency of their systems, reduce material consumption, and lower maintenance costs. SpinDrive’s commitment to creating customized solutions positions it as a leader in the pursuit of sustainable and efficient technology.

myPlane

Seed Round in 2022
myPlane operates a digital platform that revolutionizes the charter flight industry by streamlining the inquiry, sale, and management processes for airlines and travel agencies. The platform enables airlines to efficiently offer their excess and idle capacity for sale and rent, while also managing ad-hoc charter operations in a seamless digital environment. At the same time, it provides travel agencies with an easy way to book private charter flights in real-time, allowing them to offer customized air travel solutions to their clients. By linking aircraft supply with market demand, myPlane creates a centralized digital marketplace that enhances operational efficiency and boosts sales for both airlines and travel agencies.

The Adjacent Possible

Grant in 2021
The Adjacent Possible is an innovation studio that focuses on generating new ideas for patents, products, and companies. It serves as a cross-industry platform for open innovation, connecting global technology ecosystems to collaboratively develop intellectual property applications from diverse perspectives. By facilitating practical research ideas, The Adjacent Possible aids businesses in building, developing, and transforming their innovations. The company positions itself as a serial innovator, dedicated to creating and licensing intellectual property that can drive progress across various industries.

Pandatron

Pre Seed Round in 2021
Pandatron is a business transformation specialist, serving prominent clients such as Panasonic, Mitsubishi, and Skanska. It employs conversational AI coaching at scale, supporting thousands of employees in strategy execution, talent development, digital transformations, and cultural shifts. This approach enables personalized 1-on-1 coaching conversations, facilitating systemic issue diagnosis through collected coaching data.

Trustmary

Debt Financing in 2021
Trustmary is a digital marketing service provider focused on helping businesses enhance their conversion rates through feedback and testimonials. The company specializes in gathering customer insights and transforming them into both video and written testimonials. Additionally, Trustmary offers tools to measure customer satisfaction, including Net Promoter Score (NPS), enabling businesses to understand their performance better. By leveraging social proof and customer feedback, Trustmary assists companies in generating more leads and ultimately driving sales growth.

Rokote Laboratories

Debt Financing in 2021
Rokote Laboratories specializes in developing innovative vaccines using gene transfer technology. Their flagship product is a nasal spray vaccine designed to protect against COVID-19 by triggering an immune response through the production of viral proteins in nasopharyngeal cells.

myPlane

Pre Seed Round in 2021
myPlane operates a digital platform that revolutionizes the charter flight industry by streamlining the inquiry, sale, and management processes for airlines and travel agencies. The platform enables airlines to efficiently offer their excess and idle capacity for sale and rent, while also managing ad-hoc charter operations in a seamless digital environment. At the same time, it provides travel agencies with an easy way to book private charter flights in real-time, allowing them to offer customized air travel solutions to their clients. By linking aircraft supply with market demand, myPlane creates a centralized digital marketplace that enhances operational efficiency and boosts sales for both airlines and travel agencies.

Front AI

Grant in 2021
Founded in 2019, Front AI specializes in developing customer service chatbots for finance, telecommunications, and insurance sectors. Based in Helsinki, Finland, the company uses advanced AI technology to automate customer service interactions.

eMabler

Seed Round in 2021
eMabler develops an API-first platform for electric vehicle charging infrastructure. It integrates payment systems, business operations, data management, and electricity control with EV charging services.

Inscripta

Seed Round in 2021
Inscripta is a dictation application with AI-powered speech recognition. A company's health record system can be optimized and stored with the help of Inscripta Medical, a cutting-edge and reasonably priced solution. The solution includes a dictation app, speech recognition powered by AI, and a system for managing employees and workflows.

Lyfta

Grant in 2021
Lyfta is an educational platform designed to enhance teaching through immersive learning experiences. By offering a diverse range of engaging content, including interactive 360° worlds, high-quality film, and rich media articles, Lyfta enables teachers to introduce complex topics in an accessible and captivating manner. The platform supports cross-curricular education, covering subjects such as literacy, social studies, geography, and global citizenship. It also emphasizes the development of essential 21st Century skills and values, including empathy, critical thinking, and self-direction. With a subscription-based model, Lyfta provides educators with innovative resources that facilitate fun and effective lessons with minimal preparation, making it a valuable tool in modern classrooms.

eMabler

Debt Financing in 2021
eMabler develops an API-first platform for electric vehicle charging infrastructure. It integrates payment systems, business operations, data management, and electricity control with EV charging services.

Surrogate.tv

Grant in 2020
Surrogate Oy, founded in 2018 and based in Espoo, Finland, specializes in developing technology for reality games and video game streaming. The company has created SurroRTG, a software platform designed to enhance the surrogate reality experience. Surrogate aims to revolutionize hardware product development by offering a no-code, plug-and-play approach that allows users to create physical products as easily as building a website. By integrating real-world physics and consequences into its gaming platform, Surrogate enables users to control and interact with real-life robotics, toys, and vehicles over the internet, providing an immersive gaming experience with high-definition, ultra-low latency video.

Boksi

Venture Round in 2020
Boksi streamlines corporate content acquisition by offering a more authentic alternative to stock photos. It enables businesses to use their own products in visual media, resulting in significant cost savings compared to traditional photo shoots or agency services.

Solar Foods

Venture Round 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.

Snappmeal

Pre Seed Round in 2020
Snappmeal is the mobile-first platform that empowers restaurants to operate mobile ordering and automate marketing and CRM tasks efficiently. Snappmeal helps restaurants game up their online ordering user experience with customers, drive online revenue, build and grow brand loyalty. The social and community features of Snappmeal help build deeper relationships among users, and between users and restaurants.

PromoRepublic

Seed Round in 2020
Founded in 2014, PromoRepublic develops a SaaS platform for digital promotion and social marketing. Its platform enables users to acquire and engage customers through contests, lotteries, sweepstakes, and publishing campaigns on various social media websites and mobile applications.

Hukka AI

Seed Round in 2020
Hukka AI develops an intelligent software platform designed to measure, analyze, and reduce food waste in professional kitchens. The platform provides continuous reporting and analytics, enabling restaurants to optimize order quantities, reduce food waste by up to 45%, and lower food costs directly.

Unikie

Series A in 2020
Unikie is a software development company that specializes in creating tailored software solutions for the automotive, telecom, mobile, and machine industries. The company focuses on delivering demanding software applications and services, including application development, embedded development, system integration, and test automation. By incorporating unique partnerships into clients' key projects, Unikie ensures that they provide highly skilled software development experts to meet specific project requirements. This approach enables clients to effectively build their projects and deliver customized applications to their customers.

Redkik

Grant in 2020
Redkik is a global Insurtech company focused on revolutionizing the insurance landscape for the logistics and transportation sectors. The company's platform streamlines the insurance process by eliminating the need for complex, annual policies. Instead, Redkik provides an embedded integration with licensed cargo insurance providers, allowing transport intermediaries to offer customized, on-demand cargo insurance at the moment their freight is booked. This innovative approach enables clients in the logistics and transportation industry to receive tailored and competitive per-shipment insurance quotes instantly. With a team passionate about technology and innovation, Redkik leverages expertise in risk management, machine learning, and software development to enhance the insurance experience for all stakeholders involved.

TILT Biotherapeutics

Grant in 2020
TILT Biotherapeutics Ltd is a preclinical stage biotechnology company based in Helsinki, Finland, specializing in the development of genetically modified oncolytic viruses to enhance T-cell therapies for cancer treatment. Established in 2013, the company focuses on utilizing its patented technology to improve tumor-infiltrating lymphocyte (TIL) and chimeric antigen receptor (CAR-T) therapies, as well as checkpoint inhibiting antibody treatments. TILT Biotherapeutics is advancing products such as TILT-123, TILT-234, and TILT-321, which aim to modify the tumor microenvironment and boost immune responses against cancer. The company's innovative approach holds promise for achieving effective results in treating solid tumors, paralleling the successes seen in hematological tumors.

TILT Biotherapeutics

Venture Round in 2020
TILT Biotherapeutics Ltd is a preclinical stage biotechnology company based in Helsinki, Finland, specializing in the development of genetically modified oncolytic viruses to enhance T-cell therapies for cancer treatment. Established in 2013, the company focuses on utilizing its patented technology to improve tumor-infiltrating lymphocyte (TIL) and chimeric antigen receptor (CAR-T) therapies, as well as checkpoint inhibiting antibody treatments. TILT Biotherapeutics is advancing products such as TILT-123, TILT-234, and TILT-321, which aim to modify the tumor microenvironment and boost immune responses against cancer. The company's innovative approach holds promise for achieving effective results in treating solid tumors, paralleling the successes seen in hematological tumors.

Faron Pharmaceuticals

Post in 2020
Faron Pharmaceuticals Oy is a clinical-stage biopharmaceutical company based in Turku, Finland, focused on developing novel treatments for medical conditions with significant unmet needs. The company has a diverse pipeline that addresses acute trauma, cancer, and inflammatory diseases. Its lead product, Traumakine, is an investigational intravenous formulation of interferon beta-1a, currently undergoing Phase III clinical trials for treating acute respiratory distress syndrome (ARDS). Another key candidate, Clevegen, is an immunotherapy designed to prevent tumor growth and metastasis by targeting immune suppressor molecules in tumors, and is in Phase I/II development. Additionally, Faron is developing D-ARDS, a diagnostic tool aimed at assessing ARDS severity and monitoring outcomes. The company collaborates with the MediCity unit of Turku University Medical School to enhance its research and development efforts. Founded in 2003, Faron Pharmaceuticals is committed to advancing innovative solutions in healthcare.
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