Mika Ali-Rantala

Investment Director

Mikko Hietanen

Investment Director

Petri Lindholm

Investment Director

Heikki Tuomaala

Managing Director & Chief Executive Officer

53 past transactions

NV-Thermotrans

Venture Round in 2002
NV-Thermotrans provide heat-regulated and normal transport from full load to full loads. We operate between Finland and mainland Europe, with the main focus being on the Benelux countries. Our powers are speed and individual customer-oriented operations.

Headai

Seed Round in 2016
HEADAI Ltd. develops software robots for various kinds of intellectual tasks. The company offers teachable software robots to automate selected everyday business operations as a cloud service; teach globally published MOOCs; assist in discovering relevant and interesting content; and offer information from various sources based on personal interest. It also offers artificial intelligence assisted operations; and allows users to interact with robots. The company was incorporated in 2015 and is based in Pori, Finland.

Nereus

Venture Round in 1997
Nereus products have been represented in the field of building technology in Finland since the 1980s and their quality is trusted by a number of domestic industry professionals. This makes Nereus the industry the fastest in the industry, and its quality and experience are also relied on by Finnish top industry experts. Nereus underfloor heating is aimed at renovating and renovating small houses. We also provide floor heating solutions for apartment buildings and commercial premises. Carefree and comfortable Nereus underfloor heating has already been delivered to well over 25,000 households. Nereus' products are now part of Uponor Finland's product range.

Vaadin

Seed Round in 2006
Vaadin provides an components and tools for developing creating business oriented single page web applications with that run on any mobile device or desktop browser. Vaadin Framework allows building compelling HTML5 based user interfaces with established Java platform and tooling. It reduces complexity by removing need to program the web and the communication layers. Vaadin Elements build on top of Google Polymer, providing web components for front-end developers. Company supports the open source core products with commercial add-on components, tools, support and services. With over 150,000 developers, Vaadin Framework is one of the most popular web frameworks for building business applications on Java platform. It is used by some of the largest enterprises and public organizations around the world.

Kantolan Paalutus

Private Equity Round in 2012
Kantola Piling Ltd executes punching, steel and drilling rigs in all kinds of locations around Finland. We have a modern fleet of skilled personnel and we are offering the customer a comprehensive pile work with measurements and breaks with professional skill.

Sanako

Private Equity Round in 2001
Sanako provides cross-curricular technology products and consulting to the education and corporate sector. It is is associated with integrated ICT multimedia platforms and specializes in multimedia language labs. Sanako was launched in September 2003 to unite existing brands Tandberg Educational, Teleste and Divace.

Teijo-Talot

Merger/Acquisition in 2017
Teijo-Talot Oy offers home building services. The company also offers painting, electrical wiring, and installation of windows and flooring. Teijo-Talot Oy was founded in 2000 and is based in Salo, Finland.

Adpap Ltd

Seed Round in 2009
Adpap Ltd is a chemical, raw material and additive process EXPERT AROUND THE WORLD. Adpap provides chemical handling processes, systems, equipment and expert services for process industries worldwide. Adpap combines engineering, manufacturing, project management, commissioning and customer service to a functional entity. Our customers operate in pulp and paper, chemical, fertilizer, mining and other process industries.

Turun Biovoima

Seed Round in 2012
Turun Biovoima is a provider of waste disposal services.

Khimaira

Venture Round in 2004
Khimaira manufactures seating and upholstery for the automotive industry, rail traffic, military vehicles and boat manufacturers. Our products meet the strictest quality criteria of the industry and end user.

Steerprop

Seed Round in 2000
Steerprop Ltd. is the center of azimuth propulsion technology. Focusing on a single product line, Steerprop Ltd. combines decades of experience and proven technology with the latest 3D-design software and advanced calculation methods to produce tailor-made azimuth propulsors of exceptional quality and excellent lifetime economy for demanding applications and operating conditions. Together with a worldwide network of agents and partners, we provide Steerprop Azimuth Propulsors to the global maritime market.

Mepu Oy

Venture Round in 2003
Mepu Oy designs and manufactures grain handling equipment. The company offers mobile dryers, stationary dryers, bins, grain transfers, sorters, and heat sources. It serves customers through dealers in Sweden, Norway, Slovak Republic, Estonia, Latvia, Lithuania, Ukraine, Kazakhstan, Romania, the Russian Federation, Belarus, Hungary, and Poland. The company was founded in 1952 and is based in Pöytyä, Finland. As of June 17, 2016, Mepu Oy operates as a subsidiary of Arskametalli Oy.

Termoline

Acquisition in 2006
Termoline specialises in the transport of refrigerated goods, including the transport of flowers.

Juvantia Pharma

Venture Round in 2000
Juvantia Pharma is discovers and develops pharmaceutical products for neurological and cardiovascular disorders. The company focuses on small molecule pharmaceuticals active on G-protein coupled receptors.

Tribeflame

Private Equity Round in 2010
Tribeflame can proudly claim to be one of the first tablet games companies in the world. The company was founded in 2009 - a year before the iPad came out - with the vision that tablet computers are coming, and that they will be great gaming devices. Since then, Tribeflame has launched more than a dozen games, and topped the charts multiple times on Android, iOS and Windows Phone. The best known Tribeflame game is Benji Bananas, which has been downloaded over 70 million times.

Hydrovoima

Private Equity Round in 1996
Hydrovoima is a designer, manufacturer and distributor of machinery that is used in the industrial baking sector.

Sanako

Private Equity Round in 2001
Sanako provides cross-curricular technology products and consulting to the education and corporate sector. It is is associated with integrated ICT multimedia platforms and specializes in multimedia language labs. Sanako was launched in September 2003 to unite existing brands Tandberg Educational, Teleste and Divace.

Finn Lamex Safety Glass

Private Equity Round in 1999
Finn Lamex manufactures top-quality laminated windscreens for commercial vehicles and off-road machinery. We specialize in windscreens for buses and coaches. You can see our windscreens on, for example, the red double-decker buses in London. Finn Lamex is an original equipment manufacturer. In addition, we do after-market sales for bus manufacturers and wholesalers.

Bio-Nobile Oy

Private Equity Round in 1999
The QuickPick™™technology from Bio-Nobile offers tangible improvements over conventional purification technologies both in manual applications and in higher throughput automatic solutions.Bio-Nobile supplies a complete solution for nucleic acid and protein purification by providing QuicPick™ magnetic tools and MagRo™ robotic workstation together with QuickPick™ reagents and consumables.

Afore Oy

Private Equity Round in 2009
Afore Oy engages in developing and producing testing devices for the micro electro mechanical systems industry. Its products include laser processing and welding devices, accelerometer testers, and pressure sensor testers. The company was incorporated in 1995 and is based in Turku, Finland. As of February 28, 2018, Afore Oy operates as a subsidiary of AEM Holdings Ltd.

Evirta Oy

Private Equity Round in 2003
Evirta Oy provides warning and building monitoring security systems.

Coreplast Laitila

Private Equity Round in 2004
Coreplast Laitila is a major contract manufacturer in the plastics industry. Coreplast Laitila Oy is a major contract manufacturer in the plastics industry. Our services include contract manufacture of injection moulded products, injection moulds, prototype series of injection moulded products, plastic product painting services, plastic product laser marking, ultrasonic welding, assembly services (including ESD), and various printing works (tampo printing, silk screen printing, IML, foil stamping, digital printing). We also arrange logistics services for our customers.

Bitboys Oy

Venture Round in 2000
Bitboys Oy is a hardware development and licensing company based in Finland, founded in 1991 and acquired by ATI Technologies for up to US$44M on May 2, 2006.[1] Until the acquisition, Bitboys had focused on mobile phone gaming, and had developed a large vector graphics-related portfolio

Dinolift

Venture Round in 1997
Dinolift Oy is a Finnish company that manufactures and sells high-quality DINO MEWPs for different applications, mainly to the rental business, but also to end users. DINO MEWPs allow you to work above ground safely and effectively, while offering an enjoyable user experience from the ground up. DINO lifts have been sold to more than 40 countries around the world, with exports accounting for 85% of production. The company’s main markets are in the Nordic countries and Northern Europe. Dinolift Oy is constantly seeking to develop its product range by introducing new lift types and improving existing models in line with customer and market feedback. Recent DINO product launches include the multipurpose boom lift DINO 220XSE with a 350 kg basket capacity, telehandler functionality and optional outriggers, and the battery operated bestseller DINO 120TB in 2016. There is also the new and improved DINO 280RXT – a lightweight boom lift with outriggers, reaching 28 m up and a maximum of 16 m sideways with a total weight below 5 tonnes.

Framecomp

Venture Round in 2010
Framecomp is design and manufacture aluminum-framed glasses for example. various vehicles, lifts and the craft industry. Aluminum-framed glass products for the needs of the automotive industry with more than 30 years of experience. Framecomp Oy is a company founded in 1990. Prior to that, we are a subsidiary of Nordlamex Oy (now Pilkington Automotive Finland Oy Laitila factory). We currently employ some 30 people. We design and manufacture aluminum-framed glasses for example. various vehicles, lifts and the craft industry. Our products are used in demanding conditions in a variety of non-road vehicles and also meet the quality requirements of public transport facilities such as buses, trams and trains. Aluminum frame glazing units for Automotive industry with over 30 years of experience. Framecomp Oy was founded in 1990. Before that we were a subsidiary of Nordlamex Oy (today Pilkington Automotive Finland Oy Laitila factory). Currently we employ about 30 people. We design, manufacture and sell Aluminum frame windows among other things for commercial vehicles, elevators and boat industries. Our products are being used in demanding conditions in different types of machinery. The products also fill the high grade quality requirements needed for mass transport vehicles such as buses, trolleys and trains.

Aqvacomp

Seed Round in 2015
Aqvacomp Oy manufactures cellulose fiber composite made of a renewable natural material-pulp fiber. Its composites are used for injection molding and extrusion, acoustic, and haptic applications. The company was founded in 2014 and is based in Rauma, Finland.

Teijo-Talot

Venture Round in 2017
Teijo-Talot Oy offers home building services. The company also offers painting, electrical wiring, and installation of windows and flooring. Teijo-Talot Oy was founded in 2000 and is based in Salo, Finland.

Uudenkaupungin Työvene

Acquisition in 2015
Uudenkaupungin Työvene (Uki Workboat) has extensive experience in designing and building boats and vessels for professional use. We deliver tailor-made turn key projects on time and to cost . Our over 220 deliveries have provided the company with knowledge of how to design and build vessels for demanding professional purposes. We know both aluminium and steel materials. Key personnel with decades of experience in shipbuilding and project management and good production facilities ensure that our customers receive a quality product.

Nybrok Oy

Venture Round in 2000
Nybrok Oy is an international transport company Our traffic area is Europe. The nature of the transported goods varies from lumber to log houses, from automotive industry components to hygiene products and groupage of all kinds. With our modern fleet we are able to stand for the most demanding transport needs. We can load to our high volume mega trailers more cargo than to the conventional size trailers. Our personnel is well experienced, has needed language ability and works customer minded to ensure delivering the orders reliably and in time.

Rauma Marine Constructions

Private Equity Round in 2015
Rauma Marine Constructions Oy manufactures and services multi-purpose car and passenger ferries, and specialized vessels. Its product portfolio includes car and passenger ferries, icebreakers, coastguard vessels, research vessels, offshore service and construction vessels, large boarder guard patrol vessels, and naval combat vessels. The company also offers dry-docking, upgrade, conversion, and repair services. The company was founded in 2014 and is based in Rauma, Finland.

Neoxen Systems

Venture Round in 2004
Neoxen Systems is a privately held Finnish software services company. They develop and operate internationally certified information management solutions for businesses, public sector and educational institutions. They work closely with leading research centers and global technology providers to help you to succeed in your mission. As a cloud technology provider Neoxen Systems is a long term Microsoft Gold Partner. They are a leading Finnish expert in Windows Azure and Office 365. They provide full set of cloud services, consulting, training and support to their customers. The company is headquartered in Turku downtown, the "Silicon Valley" of Southwest Finland.

Evirta Oy

Seed Round in 2003
Evirta Oy provides warning and building monitoring security systems.

Novatreat

Seed Round in 1998
Novatreat is a biotechnology firm, specializes in developing and producing novel immune milk products for the treatment of antibiotic-associated hospital infections.

Neorem Magnets

Venture Round in 1997
Neorem Magnets is specialized in the production of NdFeB magnets and magnet pole elements for large electric motors and generators, especially for renewable energy applications. Our strength lies in the long experience of manufacturing big magnets, difficult shapes and assemblies with highly automated processes. Our magnets are also used for example in servo and linear motors and in mobile equipment.

Suomen Teräspaalutus

Seed Round in 2008
Suomen Teräspaalutus Oy is piling; steel casting and drilling, as well as a foundation company specializing in foundations throughout Finland. Our staff has a long and varied experience in the field of work. Our specialty is piling up narrow spaces and reinforcing foundations. Our diverse clientele includes construction companies, private builders, building companies, industry and the public sector. Subscriber Responsibility Reliable PartnerWe are part of the Reliable Partner Program of the Hosted Responsibility. Through the service, the job subscriber can check in real time that the company's social obligations are in order. The service is free of charge.

JL Levytekniikka

Private Equity Round in 1994
JL Levytekniikka are a contract manufacturer of sheet metal parts and assemblies in Turku. Since 1996, JL Levytekniikka Oy has observed the ISO 9001 quality manual in practice, which has also been audited through the action of several collaborating partners on an annual basis.

Biotie Therapies

Private Equity Round in 1996
Biotie is a specialized drug development company focused on central nervous system and inflammatory diseases. It has several innovative small molecule and biological drug candidates at different stages of clinical development. Biotie's products address diseases with high unmet medical need and significant market potential, including addiction and a broad range of inflammatory conditions such as rheumatoid arthritis and chronic obstructive pulmonary disease (COPD). The most advanced product, nalmefene for alcohol dependence, is currently in phase III clinical development by licensing partner H. Lundbeck A/S.

Nisamest

Private Equity Round in 2000
Nisamest is a designer, developer and installer of integrated Enterprise Resource Planning, Enterprise Asset Management and Intranet application software and solutions.

Uudenkaupungin Rautavalimo

Private Equity Round in 2001
Uusikaupunki Rautavalimo Oy - URV - was established in 1950. The company has its own foundry in Uusikaupunki. The URV also manages the network of co-founders and engineers in Asia. Our demanding individual pieces, small series and protovalut are manufactured quickly and flexibly in our foundries. Cost-efficient serial production is produced at a high-quality competitive price in our international network. The efficient and professional management of the order-delivery process, logistics and subcontracting chains ensures our customers a cost-effective and trouble-free component procurement.

Termoline

Private Equity Round in 2006
Termoline specialises in the transport of refrigerated goods, including the transport of flowers.

KINE

Private Equity Round in 2004
KINE is specialized in robotics. They design and provide robot systems for industrial needs all over the world. They also provide maintenance services as well as training in the use of robots.

MIOS e-Solutions

Private Equity Round in 2000
MIOS e-Solutions provides provision of Internet consultancy services.

PIA-Engineering

Private Equity Round in 1996
PIA-Engineering is concerned with the design and manufacturing of moving, rolling, lifting and sliding appliances.

QuatRx Pharmaceuticals

Series D in 2005
QuatRx Pharmaceuticals Company, a biopharmaceutical company, engages in discovering, licensing, developing, and commercializing compounds in the areas of endocrine, metabolic, and cardiovascular therapeutics. Its products include Osphena for the treatment for vaginal atrophy, a common problem associated with estrogen deficiency in post-menopausal women. QuatRx Pharmaceuticals Company was founded in 2000 and is based in Ann Arbor, Michigan.