Business Finland

Business Finland is a Finnish government agency established in 2018, focusing on innovation funding and services to promote internationalization and travel. It supports research communities, industry, and service sectors, emphasizing a diverse approach to innovation that includes technological, service-related, design, business, and social advancements. The agency does not seek financial profit from its activities and does not claim intellectual property rights. Business Finland plays a crucial role in connecting international buyers with Finnish companies, facilitating investment opportunities, and showcasing Finland's key industries, which range from food and nature to advanced technology. Its initiatives aim to foster continuous innovation with a global impact, particularly in sectors such as cleantech, digitalization, consumer goods, and healthcare.

Kari Komulainen

Senior Director, Grants

270 past transactions

Fiberdom

Grant in 2025
Fiberdom develops sustainable materials from wood fibers, focusing on plastic-free solutions. The company offers a range of compostable cutlery designed for food service and take-away applications. These products are fully recyclable and comply with European regulations, making them suitable for environmentally conscious consumers. Fiberdom emphasizes innovation in transforming wood fibers into high-performance materials, contributing to sustainability efforts in various industries. The commitment to creating eco-friendly alternatives positions Fiberdom as a key player in the materials innovation sector.

SparkReceipt

Venture Round in 2025
AI Pre-Accounting, Expense & Income Tracker for Small Business Owners, Entrepreneurs, and Freelancers.

Solar Foods

Grant in 2025
Solar Foods Ltd. is a food-tech startup based in Lappeenranta, Finland, founded in 2017. The company specializes in producing a sustainable protein called Solein, which serves as an alternative to animal-derived proteins. Solein is developed through a unique process that combines electricity, hydrogen, carbon dioxide, water, vitamins, and minerals to cultivate microbial biomass. This method utilizes gas fermentation, allowing the production of edible calories from hydrogen-oxidizing microbes without reliance on traditional agriculture, weather, or climate conditions. Solar Foods aims to provide nutritious food ingredients and plant-based meat alternatives that promote sustainability in food production.

TheStorage

Seed Round in 2025
TheStorage provides sustainable grid-scale energy storage that can discharge heat, steam, or CHP.

StemSight

Seed Round in 2025
StemSight is a cell therapy startup based in Tampere, Finland, focused on developing innovative treatments for blindness. The company is creating an off-the-shelf cell therapy platform that utilizes induced pluripotent stem cells (iPSCs) and biomaterials. Its initial product aims to address limbal stem cell deficiency, a rare condition that affects vision. StemSight plans to expand its offerings to include therapies for more common forms of corneal blindness, with the ultimate goal of helping patients regain their sight.

Nitro Games

Post in 2024
Nitro Games is a mobile game developer and publisher specializing in free-to-play strategy games. With a decade of experience, the company targets the mid-core gaming segment, aiming to deliver high-quality gaming experiences on tablets and smartphones. Nitro Games has developed a variety of titles, including East India Company, Commander: Conquest of the Americas, Pirates of Black Cove, and Raids of Glory. The company is committed to creating polished and engaging gameplay to attract and retain players.

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 develops a plant protein technology.

PrecisionPhage

Seed Round in 2024
PrecisionPhage is a biotech business that specializes on bacteriophage technologies.

Serres

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

Spinnova

Post in 2024
Spinnova Ltd. is a Finnish textile manufacturer based in Jyväskylä that specializes in sustainable fiber yarn technology. Founded in 2014, the company has developed an innovative process that converts wood and waste materials, including leather and agricultural by-products, into textile fibers without the use of harmful chemicals. Spinnova aims to revolutionize the global textile industry by promoting environmentally friendly manufacturing practices and reducing reliance on conventional, resource-intensive methods. Through its advanced technology, Spinnova seeks to provide a sustainable alternative for textile production that aligns with growing environmental concerns.

Moncyte

Grant in 2024
Moncyte Health is a personalized medicine company focused on transforming the treatment and prevention of cardiovascular disease, particularly high cholesterol. The company has developed a patented technology that includes a cellular mechanism analysis test designed to identify patients who are unlikely to respond to traditional statin treatments. By providing insights into individual patient responses, Moncyte enables healthcare providers to make informed, data-driven treatment decisions, thereby optimizing patient outcomes in managing high cholesterol.

Fepod

Debt Financing in 2024
Fepod is a company focused on enhancing patient care through innovative healthcare technology. It has developed a portable electrochemical analysis tool designed to accurately measure the blood concentration of medications, such as paracetamol and opioids. This tool features mass-producible, disposable sampling sensors that are compatible with an affordable analytical device that connects to a standard smartphone. By providing healthcare professionals with precise measurements, Fepod aims to facilitate improved and personalized treatment for patients, ultimately contributing to more confident decision-making in clinical settings.

QMill

Grant in 2024
QMill, with its innovative quantum algorithms for the noisy intermediate-scale quantum (NISQ) era, will usher in the era of practical quantum advantage.

Polku Therapeutics

Pre Seed Round in 2024
Polku Therapeutics operates as a therapeutics company. Polku Therapeutics develops novel disease-halting therapies which provides new treatment options.

Root Signals

Seed Round in 2024
Root Signals control platform, teams deliver reliable, measurable and auditable LLM automations at scale. It ensure LLM workflows deliver quality outputs, prevent hallucinations, and maximize accuracy.

Jobilla

Venture Round in 2024
Jobilla is a digital recruitment platform that assists employers in branding and hiring candidates effectively. The platform leverages artificial intelligence and data-driven insights to enhance recruitment efforts, allowing companies to identify and engage potential candidates who may not be actively seeking new employment. By implementing targeted recruitment campaigns, Jobilla helps businesses access a wider talent pool and connect with individuals best suited to their job openings. This innovative approach facilitates a more efficient hiring process, aligning companies with qualified job seekers based on their specific needs and qualifications.

Marginum

Debt Financing in 2024
Marginum is a university-based medical technology startup developing fluorescence-based tissue detection systems. The company’s data-driven solutions enable monitoring of tissues during cancer surgery and treatments. The products are derived from state-of-the-art research to improve surgical performance and cost-effectiveness. Marginum’s multidisciplinary team works in close cooperation with academic, clinical and industrial experts to ensure its technological solutions’ seamless clinical compatibility.

NADMED

Grant in 2024
The NADMED test was developed by one of the world's foremost experts on NAD metabolism in humans. NADMED's metabolite extraction system is the only method for measuring all four NADs and glutathione.

Fepod

Grant in 2024
Fepod is a company focused on enhancing patient care through innovative healthcare technology. It has developed a portable electrochemical analysis tool designed to accurately measure the blood concentration of medications, such as paracetamol and opioids. This tool features mass-producible, disposable sampling sensors that are compatible with an affordable analytical device that connects to a standard smartphone. By providing healthcare professionals with precise measurements, Fepod aims to facilitate improved and personalized treatment for patients, ultimately contributing to more confident decision-making in clinical settings.

Social First

Seed Round in 2024
Social First is a gaming studio specializing in cross-platform multiplayer online games that foster social connections among players. With significant experience in developing user-generated content (UGC) and digital asset trading, the studio has achieved notable results through early market testing of its current title, which reflects years of accumulated insights. The games are designed to promote highly social experiences and player-driven economies, aiming to engage users for the long term. Social First's recent pre-alpha testing demonstrated strong player engagement and retention, indicating a solid foundation for future growth. Backed by Play Ventures, the studio's team of veterans is focused on scaling its operations with a validated growth strategy that does not rely on traditional advertising methods. Their goal is to establish a $1 billion-plus enterprise in the gaming industry.

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 Oy is a company based in Espoo, Finland, specializing in performance measurement tools and services for various industries, including mobile devices and automotive applications. Founded in 2015, it provides a range of benchmarking tools such as Basemark ES 3.1 for graphics performance comparisons, Basemark OS II for system-level performance measurement across platforms like Android and iOS, and Basemark X for evaluating gaming and graphics performance. Additionally, Basemark offers Browsermark for testing browser performance on multiple devices, as well as Basemark CL for measuring OpenCL implementations. The company also focuses on augmented reality (AR) software for the automotive sector, enabling original equipment manufacturers (OEMs) to develop advanced AR applications for vehicle functions, including navigation and heads-up displays. Basemark's tools support both benchmarking and AR development, catering to the needs of device manufacturers and semiconductor companies.

Onego Bio

Grant in 2024
Onego Bio is a food-based biotechnology company that produces animal-free egg white protein through precision fermentation. Their ingredient, Bioalbumen, sets a new standard for sustainable protein with identical taste and nutrition, superior functional properties, and over 90% smaller environmental footprint compared to eggs from chickens. Onego’s highly productive and scalable technology caters to the needs of the food industry searching for stable, sustainable functional ingredients. As a game-changer in the field, the company was selected as the Winner of Fast Company’s 2023 World Changing Ideas awards and is a co-founder of two industry associations: Precision Fermentation Alliance and Food Fermentation Europe.

Teamspective

Grant in 2024
Teamspective's SaaS solution helps companies create culture of performance and wellbeing in their organization through - Actionable and real-time visibility to employee wellbeing and effectiveness of teams' collaboration - Replacing heavy 360 feedbacks with timely collection of high quality feedback that activates personal development - Modernizing performance evaluations with a process that takes only minutes per employee and eliminates rater bias - Understanding organization's dynamics through ONA surveys that are 10x faster and cheaper than consulting-driven versions Teamspective's customers have 2x higher amount of employees satisfied with the feedback they receive.

Nanoform

Grant in 2024
Nanoform is an innovative company specializing in nanoparticle medicines, dedicated to supporting pharmaceutical companies in the development of life-changing therapies. By addressing the challenges associated with drug development and delivery, Nanoform aims to enhance the effectiveness of medications, ultimately improving patient outcomes. Through its pioneering technology, the company focuses on creating solutions that facilitate the advancement of new treatments in the pharmaceutical industry.

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 company dedicated to developing novel solutions that significantly improve the lives of people suffering from skin defects and aged skin. World’s first cell-free sterile tissue product for tissue regeneration is a result of more than a decade of research and development and will challenge the market for regenerative tissue treatments. A driven and competent international team is committed to taking this new core technology to the global market.

MedicubeX

Debt Financing in 2023
MedicubeX is focused on transforming preventive healthcare through the development of autonomous self-measurement and telehealth eHealth Stations. As the most advanced health kiosk in the Nordics, MedicubeX provides regular clinical-grade medical check-ups accessible to individuals regardless of their location. The eHealth Station is designed to measure vital signs and assess risk factors, particularly for cardiovascular diseases, within a few minutes. It operates autonomously, featuring automated disinfection for umbilical venous catheters and ensuring privacy for optional remote consultations. This innovative approach enables users to monitor their health status efficiently and supports scalable solutions for preventive healthcare.

Resistomap

Grant in 2023
Resistomap provides a data-driven laboratory service for monitoring antibiotic resistance from environmental samples.

Marginum

Debt Financing in 2023
Marginum is a university-based medical technology startup developing fluorescence-based tissue detection systems. The company’s data-driven solutions enable monitoring of tissues during cancer surgery and treatments. The products are derived from state-of-the-art research to improve surgical performance and cost-effectiveness. Marginum’s multidisciplinary team works in close cooperation with academic, clinical and industrial experts to ensure its technological solutions’ seamless clinical compatibility.

Kuva Space

Grant in 2023
Kuva Space utilizes a constellation of nanosatellites equipped with hyperspectral imaging technology to provide critical data for managing natural resources and promoting sustainable economic growth. The company's GREEN DATA® platform leverages artificial intelligence to offer actionable insights that address significant global challenges such as climate change, disaster response, food demand, and safety. By enabling clients to monitor agricultural productivity, optimize land use, and make informed investment decisions, Kuva Space facilitates regional carbon sequestration measurement, aids in forest fire prevention, and detects gas leaks. Overall, Kuva Space aims to enhance life on Earth through advanced satellite technology and data-driven solutions.

Boksi

Series A in 2023
Boksi operates a digital advertising platform that transforms how companies acquire content by connecting them with micro-influencers. By analyzing social media posts and mapping the behavior and preferences of followers, Boksi enables businesses to engage authentically with their target audiences. The platform offers a more genuine alternative to traditional stock photos, featuring companies' own products in the content, while also providing significant cost savings—over 70% compared to conventional photo shoots and media agencies. This innovative approach allows companies to gain better engagement through tailored influencer partnerships and authentic content creation.

Saidot

Seed Round in 2023
Saidot is an AI governance and alignment company that assists enterprises in establishing safe, trustworthy AI-driven operations. The company offers a software-as-a-service platform that enables organizations, both public and private, to implement systematic AI governance and maintain transparency regarding their AI systems. Saidot's platform facilitates the development of registers for artificial intelligence systems, ensuring that they are transparent, accountable, and explainable. By providing a governance methodology aligned with ethical standards and regulatory requirements, Saidot supports clients in navigating the complexities of AI deployment responsibly.

Betolar

Grant in 2023
Betolar Ltd is a Finnish materials technology company founded in 2013, specializing in the development of geopolymer concrete derived from waste streams in the energy, mining, and forestry sectors. The company aims to promote sustainability in the construction industry by providing carbon-neutral construction materials that utilize previously underused industrial byproducts as a substitute for traditional cement. Betolar's product offerings include concrete products, ready-mixed concrete, and soil stabilization materials, catering to various sectors such as construction, ground engineering, landscaping, and waste management. With a focus on supporting the circular economy, Betolar is positioned to facilitate the green transition across multiple industries globally.

SaaShop

Seed Round in 2023
SaaShop is a software marketplace that specializes in providing a range of Software as a Service (SaaS) solutions, including popular products such as Pipedrive CRM, ActiveCampaign, and Freshdesk, as well as offerings from Microsoft and Google. The company focuses on delivering cloud-based software that can be rented on a flexible basis, eliminating the need for costly installations and ensuring that users receive timely updates and reliable service. SaaShop aims to simplify the purchasing process by consolidating various SaaS applications into a single bill, while also offering customer support to assist clients with order changes and management. This approach provides business owners with efficient and accessible tools to enhance their operations without the complexity associated with traditional software solutions.

Bioretec

Grant in 2023
Bioretec Ltd. is a Finnish company specializing 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, recognized for their safety and reliability, are utilized globally and are engineered for high-load-bearing clinical applications. The company continues to innovate in material technology, with notable brands including RemeOs, Activa IM-N, ActivaPi, and ActivaScrew.

Statzon

Grant in 2023
Statzon is a subscription-based market intelligence platform that offers comprehensive access to a wide range of market reports, datasets, forecasts, and insights from reputable sources. It is designed to assist technology companies in making informed strategic decisions by providing reliable and up-to-date industry statistics and forecasts. The platform curates information that has been carefully selected and verified by industry experts, ensuring clients can base their business plans on accurate data. With over 1,200 organizations currently utilizing its services, Statzon aims to facilitate data-driven decision-making across various topics, industries, and technologies.

eMabler

Grant in 2023
eMabler is a developer of an API-First platform that focuses on electric vehicle (EV) charging infrastructure. The platform is designed to manage and launch EV charging services in a cost-effective manner, integrating seamlessly with other business systems such as mobile applications and payment systems. By leveraging advanced technology, eMabler enables businesses to effectively manage electricity usage, streamline operations, and enhance service reliability. This integration supports scalability for companies looking to adopt or expand their EV charging offerings, making it easier to incorporate EV infrastructure into existing business frameworks.

Starcart

Debt Financing in 2023
Starcart is an online store that offers a wide range of products and allows the customers to compare its prices. The company was founded in 2021.

Spinnova

Grant in 2023
Spinnova Ltd. is a Finnish textile manufacturer based in Jyväskylä that specializes in sustainable fiber yarn technology. Founded in 2014, the company has developed an innovative process that converts wood and waste materials, including leather and agricultural by-products, into textile fibers without the use of harmful chemicals. Spinnova aims to revolutionize the global textile industry by promoting environmentally friendly manufacturing practices and reducing reliance on conventional, resource-intensive methods. Through its advanced technology, Spinnova seeks to provide a sustainable alternative for textile production that aligns with growing environmental concerns.

Front AI

Grant in 2023
Front AI, founded in 2019 and based in Helsinki, Finland, specializes in developing advanced customer service chatbots utilizing conversational AI technology. The company focuses on automating customer service interactions across various sectors, including finance, telecommunications, and insurance. Its platform is designed to perform routine tasks autonomously, facilitating seamless communication in multiple languages and dialects. By leveraging this innovative technology, Front AI enables businesses to enhance their customer service capabilities and improve operational efficiency through the implementation of AI-driven service bots.

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 (SaaS) company that provides a comprehensive service management system tailored for Apple Authorized Service Providers. Founded in 2015 and headquartered in Helsinki, Fixably's platform streamlines the repair workflow by integrating essential tools for managing repairs, internal resources, monetary transactions, logistics, and customer communication. The software simplifies the entire repair service process, allowing technicians and repair shops to efficiently track service orders and automate communications while ensuring compliance with Apple’s requirements. This integration of hands-on expertise with software support enhances the operational effectiveness of repair providers.

Fepod

Grant in 2023
Fepod is a company focused on enhancing patient care through innovative healthcare technology. It has developed a portable electrochemical analysis tool designed to accurately measure the blood concentration of medications, such as paracetamol and opioids. This tool features mass-producible, disposable sampling sensors that are compatible with an affordable analytical device that connects to a standard smartphone. By providing healthcare professionals with precise measurements, Fepod aims to facilitate improved and personalized treatment for patients, ultimately contributing to more confident decision-making in clinical settings.

Vensum

Seed Round in 2023
Vensum is a developer of advanced power conversion technology aimed at assisting electric equipment manufacturers. The company specializes in enhancing power conversion efficiency, focusing on minimizing energy losses and improving performance. By providing services that emphasize quick implementation and in-depth research, Vensum enables manufacturers to adopt innovative power retention and power-saving techniques. These advancements facilitate increased sales of their products and services, positioning Vensum as a key player in the electric equipment industry.

Vensum

Debt Financing in 2023
Vensum is a developer of advanced power conversion technology aimed at assisting electric equipment manufacturers. The company specializes in enhancing power conversion efficiency, focusing on minimizing energy losses and improving performance. By providing services that emphasize quick implementation and in-depth research, Vensum enables manufacturers to adopt innovative power retention and power-saving techniques. These advancements facilitate increased sales of their products and services, positioning Vensum as a key player in the electric equipment industry.

Edudata.io

Grant in 2023
Edudata.io is a company that specializes in education analytics software, aimed at assisting educational institutions in managing and understanding personal data. The platform offers learning analytics as a service, equipping education providers with data models, templates, and tools to connect, transform, and visualize data in real-time. By streamlining data management processes, Edudata.io helps schools save resources typically spent on conducting EU GDPR Data Protection Impact Assessments. Additionally, the platform ensures compliance with global regulations, including UN and EU laws, thereby enabling a secure learning environment for students and educators alike.

Doublepoint

Seed Round in 2023
Doublepoint is a technology company focused on creating touch interface solutions that facilitate intuitive and versatile interactions. It specializes in developing AI-driven, biometrics-based technology that accurately virtualizes natural human movement, particularly the capabilities of human hands. This technology enables precise digital representation, allowing for activities such as typing, executing rich gestures, and playing musical instruments. Doublepoint's innovations cater to industries involved in augmented and virtual computing, enhancing creativity and interaction within these platforms.

Pethotel

Seed Round in 2023
Pethotel is a marketplace for pet sitting services that allows pet owners to find a suitable pet hotel.

Origin by Ocean

Debt Financing in 2023
Origin by Ocean, established in 2019 in Finland, is a pioneering algae refining company that focuses on extracting valuable bio-based chemicals from invasive algae and sustainably farmed seaweed. Utilizing a patented biorefining process, the company produces organic algae-based ingredients that can replace traditional chemical components in various sectors, including food and beverage, cosmetics, hygiene, and textiles. By developing a platform for algae harvesting, Origin by Ocean aims to provide economic opportunities for coastal entrepreneurs globally, starting with regions like the Baltic Sea and the Caribbean, while also addressing the issue of eutrophication in oceans by removing excess nutrients. Their offerings include ingredients such as algae, bladderwrack, and kelp, promoting sustainable practices in the food, beverage, cosmetics, and pharmaceutical industries.

Virta

Grant in 2023
VIRTA offers a complete turnkey solution for managing electric vehicle charging services of any scale. Our future-proof solutions enable professional charging networks to offer a world-class end user experience to their customers. We also help real estates and other businesses stand out by providing them with a comprehensive EV charging service package.

Quanscient

Grant in 2023
Quanscient specializes in developing multiphysics simulation software that leverages cloud and quantum computing to enhance simulation technology. Its platform integrates advanced cloud-native multiphysics solvers with future quantum capabilities, allowing engineers to achieve over a hundredfold increase in simulation throughput. This significant improvement facilitates fully digital research and development processes, enabling users to tackle complex technological challenges across various industries, including fusion energy, advanced semiconductors, biomedical applications, automotive, and aerospace. By streamlining hardware development through digital prototypes, simulations, and optimization, Quanscient aims to make the process more efficient and sustainable.

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 is a company focused on enhancing patient care through innovative healthcare technology. It has developed a portable electrochemical analysis tool designed to accurately measure the blood concentration of medications, such as paracetamol and opioids. This tool features mass-producible, disposable sampling sensors that are compatible with an affordable analytical device that connects to a standard smartphone. By providing healthcare professionals with precise measurements, Fepod aims to facilitate improved and personalized treatment for patients, ultimately contributing to more confident decision-making in clinical settings.

Fiberwood

Seed Round in 2023
Fiberwood is a manufacturer of eco-friendly wood fiber insulation and packaging materials aimed at promoting sustainable construction and packaging solutions. The company utilizes foam-forming technology to produce thermal insulation boards from forestry by-products and other natural fibers, ensuring that its products are entirely bio-based and free from plastic and fossil materials. Fiberwood's offerings provide excellent insulating properties and serve as recyclable, resource-efficient alternatives to traditional mineral wool insulation and cellular plastic packaging. By focusing on sustainability, Fiberwood enables clients to adopt environmentally responsible methods for insulation and packaging, contributing to a greener construction industry.

Statzon

Debt Financing in 2022
Statzon is a subscription-based market intelligence platform that offers comprehensive access to a wide range of market reports, datasets, forecasts, and insights from reputable sources. It is designed to assist technology companies in making informed strategic decisions by providing reliable and up-to-date industry statistics and forecasts. The platform curates information that has been carefully selected and verified by industry experts, ensuring clients can base their business plans on accurate data. With over 1,200 organizations currently utilizing its services, Statzon aims to facilitate data-driven decision-making across various topics, industries, and technologies.

Aris4Autism

Debt Financing in 2022
Aris4Autism develops online platforms for autism intervention, offering evidence-based digital solutions and expert guidance to help autistic children progress towards independence and happiness, supporting parents in the process.

Makea Games

Pre Seed Round in 2022
Makea Games is a game studio that offers user-generated content tools allowing players to make their own games. The goal is to create virtually infinite amounts of content in collaboration with the players so that players will always have new things to experience and play. To create new levels or game worlds, players only need a game controller and no coding knowledge or a separate editor.

Alinor

Pre Seed Round in 2022
Alinor automates procurement compliance, allowing everyone to buy the right way without having to know what the right way is. Buying things with Alinor means all your purchasing adheres to the correct policies, is within budget, has the correct approvals, and the right supplier. A university professor in Finland can buy a €30,000 microscope from Japan with 3 clicks, and Alinor takes care of automating all the necessary steps from approvals, compliance, sourcing, to fulfillment. Alinor gives users a sleek B2C purchasing experience, while giving suppliers a seamless way to fulfill procurement requests and tenders. Alinor focuses on small procurement digitization and compliance. Small procurements are those with an anticipated value below certain thresholds, such as €60,000 for goods and services and €150,000 for construction works. Other specific service procurements may have different thresholds as outlined in the procurement law.

Spinnova

Grant in 2022
Spinnova Ltd. is a Finnish textile manufacturer based in Jyväskylä that specializes in sustainable fiber yarn technology. Founded in 2014, the company has developed an innovative process that converts wood and waste materials, including leather and agricultural by-products, into textile fibers without the use of harmful chemicals. Spinnova aims to revolutionize the global textile industry by promoting environmentally friendly manufacturing practices and reducing reliance on conventional, resource-intensive methods. Through its advanced technology, Spinnova seeks to provide a sustainable alternative for textile production that aligns with growing environmental concerns.

Front AI

Convertible Note in 2022
Front AI, founded in 2019 and based in Helsinki, Finland, specializes in developing advanced customer service chatbots utilizing conversational AI technology. The company focuses on automating customer service interactions across various sectors, including finance, telecommunications, and insurance. Its platform is designed to perform routine tasks autonomously, facilitating seamless communication in multiple languages and dialects. By leveraging this innovative technology, Front AI enables businesses to enhance their customer service capabilities and improve operational efficiency through the implementation of AI-driven service bots.

Onego Bio

Grant in 2022
Onego Bio is a food-based biotechnology company that produces animal-free egg white protein through precision fermentation. Their ingredient, Bioalbumen, sets a new standard for sustainable protein with identical taste and nutrition, superior functional properties, and over 90% smaller environmental footprint compared to eggs from chickens. Onego’s highly productive and scalable technology caters to the needs of the food industry searching for stable, sustainable functional ingredients. As a game-changer in the field, the company was selected as the Winner of Fast Company’s 2023 World Changing Ideas awards and is a co-founder of two industry associations: Precision Fermentation Alliance and Food Fermentation Europe.

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, founded in 2017 and based in Helsinki, Finland, specializes in providing educational services that promote natural sciences through play-based learning for children aged 3 to 8. The company offers innovative kindergarten and hobby programs designed for educators and parents, featuring story-based, hands-on experiments that address real scientific challenges. This platform equips caregivers with comprehensive lesson plans and optional training to facilitate engaging early childhood education both in classrooms and remotely. Kide Science’s research-backed pedagogical approach has demonstrated improved learning outcomes and has garnered a global presence, serving over 1,000 preschools across 30 countries. The company has also launched a free teacher platform that has attracted users from over 100 countries, impacting more than one million children. Kide Science has expanded its offerings through collaborations, including a book series with Sanoma and a TV show on Finland's national broadcaster YLE. In 2022, the company partnered with DreamWorks Animation to enhance its curriculum with themed lesson plans inspired by the popular Netflix series Gabby’s Dollhouse.

Taika Tech

Pre Seed Round in 2022
Taika Tech builds a novel interface for controlling the surrounding technology by making sense of your hand movement and location with a smart ring

Lygg

Debt Financing in 2022
Lygg operates a smart mobility platform aimed at enhancing the flying experience for travelers. The platform focuses on transforming air travel by offering dynamic routing and aggregating customers' travel needs. It provides private flight options at prices comparable to commercial flights, leveraging small local airports to reduce travel time. Additionally, Lygg is committed to promoting emission-free travel in the near future through the use of electric flying technologies.

Fepod

Grant in 2022
Fepod is a company focused on enhancing patient care through innovative healthcare technology. It has developed a portable electrochemical analysis tool designed to accurately measure the blood concentration of medications, such as paracetamol and opioids. This tool features mass-producible, disposable sampling sensors that are compatible with an affordable analytical device that connects to a standard smartphone. By providing healthcare professionals with precise measurements, Fepod aims to facilitate improved and personalized treatment for patients, ultimately contributing to more confident decision-making in clinical settings.

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 candidates effectively. The platform leverages artificial intelligence and data-driven insights to enhance recruitment efforts, allowing companies to identify and engage potential candidates who may not be actively seeking new employment. By implementing targeted recruitment campaigns, Jobilla helps businesses access a wider talent pool and connect with individuals best suited to their job openings. This innovative approach facilitates a more efficient hiring process, aligning companies with qualified job seekers based on their specific needs and qualifications.

Sniffie

Debt Financing in 2022
Sniffie is a developer of pricing automation software tailored for small and mid-sized e-commerce businesses. The platform employs artificial intelligence and machine learning to help companies monitor competitor pricing, top-selling products, and market availability. By utilizing this technology, e-commerce teams can optimize their pricing strategies to enhance profitability and avoid detrimental price wars. Sniffie's software enables merchants to set competitive prices based on actual demand, facilitating more accurate and profitable pricing decisions. This tool is essential for growing e-commerce companies seeking to improve their margins and overall profitability.

SpinDrive

Seed Round in 2022
Spindrive creates customized levitation technology pushing energy efficiency to the maximum level and promoting oil-free solutions.

myPlane

Seed Round in 2022
Making the future of air travel by digitalising airline charter flight sales, distribution and management processes globally. myPlane's platform is the easiest way for airlines to offer their excess and idle capacity for sale and rent, and to manage their ad-hoc charter operations in a streamlined digital way to increase their efficiency, sales and bottom line. Simultaneously, myPlane's platform is the easiest way for Travel Agencies to book private charter flights, in real-time, to serve their customers and groups with totally customised air travel and the best deals available. Our centralised digital marketplace is linking the aircraft supply and overcapacity with market demand, in real-time.

The Adjacent Possible

Grant in 2021
The Adjacent Possible operates as an idea factory and open innovation studio, focusing on the generation of new concepts that can be transformed into patents, products, or companies. It aims to facilitate connections among global technology ecosystems, allowing for the co-development of intellectual property applications from diverse viewpoints. By emphasizing research and development, The Adjacent Possible supports businesses in generating practical research ideas while enabling them to build, develop, and transform innovative solutions. As a hub of serial innovation, the organization is dedicated to creating and licensing intellectual property that drives progress across various industries.

Pandatron

Pre Seed Round in 2021
Pandatron is a provider of coaching services aimed at transforming organizational leadership and strategy execution at scale. The company specializes in utilizing conversational artificial intelligence to deliver personalized coaching experiences, allowing thousands of employees to engage in 1-on-1 coaching conversations. This approach not only fosters talent development and supports cultural transformations but also enables the collection of coaching data to identify and address systemic issues within organizations. With notable clients such as Panasonic, Mitsubishi, and Skanska, Pandatron helps companies enhance employee autonomy and improve their leadership and teamwork capabilities.

Trustmary

Debt Financing in 2021
Trustmary is a provider of digital marketing services that assists businesses in gathering customer feedback and generating testimonials. The company's offerings include measuring Net Promoter Score (NPS) and facilitating the collection of reviews, which can be transformed into both video and written formats. By leveraging social proof, Trustmary aims to enhance conversion rates and support companies in generating more leads. Additionally, it provides insights into customer feedback, allowing businesses to assess performance and ultimately drive sales growth.

Rokote Laboratories

Debt Financing in 2021
Rokote Laboratories is engaged in the development of a nasal spray vaccine aimed at providing protection against COVID-19. Their current focus is on FINCoVac 2.1, a second-generation vaccine designed to offer robust immunity against the rapidly evolving variants of the virus. The vaccine utilizes gene transfer technology, employing a safe adenovirus carrier that delivers a cloned DNA strand. This approach prompts nasopharyngeal cells to produce the spike protein of the SARS-CoV-2 virus, triggering an immune response. Rokote Laboratories aims to pioneer the use of this novel vaccine technology in Finland, contributing to the global fight against COVID-19.

myPlane

Pre Seed Round in 2021
Making the future of air travel by digitalising airline charter flight sales, distribution and management processes globally. myPlane's platform is the easiest way for airlines to offer their excess and idle capacity for sale and rent, and to manage their ad-hoc charter operations in a streamlined digital way to increase their efficiency, sales and bottom line. Simultaneously, myPlane's platform is the easiest way for Travel Agencies to book private charter flights, in real-time, to serve their customers and groups with totally customised air travel and the best deals available. Our centralised digital marketplace is linking the aircraft supply and overcapacity with market demand, in real-time.

Front AI

Grant in 2021
Front AI, founded in 2019 and based in Helsinki, Finland, specializes in developing advanced customer service chatbots utilizing conversational AI technology. The company focuses on automating customer service interactions across various sectors, including finance, telecommunications, and insurance. Its platform is designed to perform routine tasks autonomously, facilitating seamless communication in multiple languages and dialects. By leveraging this innovative technology, Front AI enables businesses to enhance their customer service capabilities and improve operational efficiency through the implementation of AI-driven service bots.

eMabler

Seed Round in 2021
eMabler is a developer of an API-First platform that focuses on electric vehicle (EV) charging infrastructure. The platform is designed to manage and launch EV charging services in a cost-effective manner, integrating seamlessly with other business systems such as mobile applications and payment systems. By leveraging advanced technology, eMabler enables businesses to effectively manage electricity usage, streamline operations, and enhance service reliability. This integration supports scalability for companies looking to adopt or expand their EV charging offerings, making it easier to incorporate EV infrastructure into existing business frameworks.

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. It provides teachers with access to a rich array of engaging content that helps simplify the introduction of complex topics. Utilizing advanced technologies such as 360°, virtual reality (VR), and augmented reality (AR), Lyfta offers interactive 360° worlds where students can explore real-life stories. The platform supports cross-curricular learning, covering subjects like literacy, social studies, geography, and global education, while also promoting essential 21st-century skills and values such as empathy, critical thinking, and tolerance. With its subscription-based model, Lyfta aims to equip educators with innovative resources that facilitate enjoyable and effective lesson delivery with minimal preparation.

eMabler

Debt Financing in 2021
eMabler is a developer of an API-First platform that focuses on electric vehicle (EV) charging infrastructure. The platform is designed to manage and launch EV charging services in a cost-effective manner, integrating seamlessly with other business systems such as mobile applications and payment systems. By leveraging advanced technology, eMabler enables businesses to effectively manage electricity usage, streamline operations, and enhance service reliability. This integration supports scalability for companies looking to adopt or expand their EV charging offerings, making it easier to incorporate EV infrastructure into existing business frameworks.

Surrogate.tv

Grant in 2020
The remote control robotics and gaming platform.

Boksi

Venture Round in 2020
Boksi operates a digital advertising platform that transforms how companies acquire content by connecting them with micro-influencers. By analyzing social media posts and mapping the behavior and preferences of followers, Boksi enables businesses to engage authentically with their target audiences. The platform offers a more genuine alternative to traditional stock photos, featuring companies' own products in the content, while also providing significant cost savings—over 70% compared to conventional photo shoots and media agencies. This innovative approach allows companies to gain better engagement through tailored influencer partnerships and authentic content creation.

Solar Foods

Venture Round in 2020
Solar Foods Ltd. is a food-tech startup based in Lappeenranta, Finland, founded in 2017. The company specializes in producing a sustainable protein called Solein, which serves as an alternative to animal-derived proteins. Solein is developed through a unique process that combines electricity, hydrogen, carbon dioxide, water, vitamins, and minerals to cultivate microbial biomass. This method utilizes gas fermentation, allowing the production of edible calories from hydrogen-oxidizing microbes without reliance on traditional agriculture, weather, or climate conditions. Solar Foods aims to provide nutritious food ingredients and plant-based meat alternatives that promote sustainability in food production.

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
PromoRepublic is a provider of a software-as-a-service (SaaS) platform focused on online digital promotion and social marketing. Founded in 2014 and based in Kyiv, Ukraine, the platform assists users in acquiring and engaging customers through various promotional mechanics, including contests and sweepstakes. It enables marketers to launch campaigns across multiple social media channels, such as Facebook and Twitter, as well as through mobile applications and standalone websites. The company's solutions cater to a diverse clientele that includes digital agencies, small and medium-sized enterprises, large corporations, and retail brands. PromoRepublic's technology is designed to enhance online visibility, maintain brand consistency, and streamline marketing efforts for multi-location businesses and agencies.

Hukka AI

Seed Round in 2020
Hukka AI operates a software platform designed to measure, analyze, and reduce food waste in professional kitchens. The platform continuously reports and analyzes recorded losses, enabling restaurants to optimize their order quantities and significantly cut down on waste. By weighing waste and logging it into Hukka's cloud-based tracking system, establishments typically achieve a reduction in waste value of 25-45% within a few months, which directly enhances their profitability by lowering food costs. Additionally, the service allows diners to track their contributions to food waste and provides feedback on their impact. Hukka AI also includes tools for measuring customer satisfaction and offers historical statistics, helping restaurants develop better service and operational strategies.

Redkik

Grant in 2020
Redkik is a global Insurtech company focused on enhancing the insurance landscape for logistics and transportation. Its innovative platform streamlines the insurance process by replacing traditional, complex annual policies with on-demand, per-shipment cargo insurance. By integrating with licensed insurance providers, Redkik enables transport intermediaries to offer customized insurance solutions at the point of sale. This approach allows clients in the logistics and transportation sectors to access tailored, competitive quotes instantly, transforming the way insurance is managed within the industry. With a team experienced in logistics, risk management, and technology, Redkik aims to bring intelligence and efficiency to insurance, ultimately providing peace of mind for businesses and their customers.

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 aimed at enhancing cancer treatments. The company's patented technology focuses on using these viruses to improve tumor T-cell therapies, including tumor-infiltrating lymphocyte (TIL) and chimeric antigen receptor (CAR-T) therapies, as well as checkpoint inhibitors. TILT Biotherapeutics is recognized as a leader in the global market for integrating oncolytic viruses with cancer immunotherapy. Their product pipeline includes TILT-123, TILT-234, and TILT-321, which are designed to modify the tumor microenvironment and counteract its suppression of immune responses. The innovative approach has the potential to replicate the successes seen in CAR-T therapy for solid tumors, similar to those achieved in hematological cancers.

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 aimed at enhancing cancer treatments. The company's patented technology focuses on using these viruses to improve tumor T-cell therapies, including tumor-infiltrating lymphocyte (TIL) and chimeric antigen receptor (CAR-T) therapies, as well as checkpoint inhibitors. TILT Biotherapeutics is recognized as a leader in the global market for integrating oncolytic viruses with cancer immunotherapy. Their product pipeline includes TILT-123, TILT-234, and TILT-321, which are designed to modify the tumor microenvironment and counteract its suppression of immune responses. The innovative approach has the potential to replicate the successes seen in CAR-T therapy for solid tumors, similar to those achieved in hematological cancers.
Faron Pharmaceuticals Oy is a clinical-stage biopharmaceutical company based in Turku, Finland, focused on developing innovative treatments for medical conditions with significant unmet needs. The company's pipeline includes drug candidates targeting acute trauma, cancer growth, and inflammatory diseases. Its lead product, Traumakine, is a recombinant human interferon beta-1a currently undergoing Phase III clinical trials for the treatment of acute respiratory distress syndrome (ARDS). Another significant candidate, Clevegen, is an immunotherapy designed to inhibit tumor growth and metastasis by targeting the tumor immune suppressor molecule. Additionally, Faron is developing D-ARDS, a diagnostic tool for assessing ARDS severity and monitoring patient outcomes. Established in 2003, Faron Pharmaceuticals collaborates with the MediCity unit at Turku University Medical School to further its research and development efforts.
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at support@teaserclub.com. Your feedback is most welcome.