Aboa Venture Management

Aboa Venture Management Oy is a venture capital firm located in Turku, Finland, established in 1994. The company focuses on investing in small and medium-sized enterprises across various sectors, including business-to-business services, healthcare, software as a service, manufacturing, life sciences, education technology, technology media and telecommunications, and industrial sectors. By concentrating on Finnish enterprises, Aboa aims to support and foster the growth of innovative businesses within the local economy.

Heikki Tuomaala

President and CEO

Past deals in Finland

Teijo-Talot

Venture Round in 2017
Teijo-Talot Oy, established in 2000 and headquartered in Salo, Finland, specializes in the construction of high-quality buildings for both residential and commercial sectors. The company provides a comprehensive range of services, including home building, painting, electrical wiring, and the installation of windows and flooring. Teijo-Talot is notable for its emphasis on sustainability and energy efficiency, having produced Finland's first Nordic Swan Ecolabel-certified kindergarten. The company operates four production facilities where buildings are manufactured under controlled conditions, ensuring adherence to stringent quality, environmental, and health standards. Teijo-Talot delivers fully completed premises, including all necessary utilities and interior finishes, and is recognized for its competitive pricing and short delivery times. Their turnkey solutions encompass the entire project lifecycle, from design to implementation, allowing customers to efficiently manage their building needs while prioritizing safety and environmental considerations.

Baltic Tank

Private Equity Round in 2016
Baltic Tank Oy is a logistics company based in Turku, Finland, specializing in the storage and handling of bulk liquids. Established in 1993, the company offers a range of services, including storage for various liquids such as caustic soda, sulphuric acid, hydrogen peroxide, bitumen, and biofuels, among others. In addition to storage, Baltic Tank provides railway freight forwarding and customs clearance services, ensuring a comprehensive logistical solution for its clients. The company operates strategically located terminals in Finland and Estonia, utilizing advanced technology to deliver high-quality and cost-effective services tailored to the needs of its customers.

Headai

Seed Round in 2016
Headai Ltd. specializes in the development of software robots that automate a range of intellectual tasks for businesses. Founded in 2015 and based in Pori, Finland, the company provides a cloud service featuring teachable robots that can assist with everyday operations, corporate learning, and content discovery tailored to individual interests. Utilizing advanced algorithms that incorporate natural language processing and self-organized learning, Headai's technology enables clients to uncover insights from large datasets and recognize previously hidden connections. The software robots are designed to be interactive and adaptable, allowing organizations to streamline repetitive processes and improve efficiency in their operations.

Rauma Marine Constructions

Private Equity Round in 2015
Rauma Marine Constructions Oy is a Finnish shipbuilding company established in 2014, specializing in the construction and maintenance of various vessels, including multi-purpose car and passenger ferries, icebreakers, coastguard ships, research vessels, offshore service and construction vessels, and naval combat vessels. As the only domestically owned shipbuilding company of its size in Finland, Rauma Marine Constructions focuses on delivering customized solutions for commercial, governmental, and research clients. The company also provides a range of lifecycle maintenance services, including dry-docking, upgrades, conversions, and repairs, ensuring that vessels meet the highest international standards. Operating from Rauma, Finland, the company collaborates with a skilled partner network to enhance its capabilities in shipbuilding.

Kantolan Paalutus

Private Equity Round in 2012
Kantola Piling Ltd specializes in providing comprehensive piling services throughout Finland. The company operates a modern fleet equipped with skilled personnel to execute various types of piling work, including concrete and steel piles, using advanced techniques such as hydraulic hammering. Kantola Piling ensures that its services align with customer specifications, offering precise measurements and professional execution. Their expertise encompasses a wide range of environments and project requirements, making them a reliable partner for clients seeking efficient and effective piling solutions.

Loimaan Kivi

Private Equity Round in 2011
Loimaan Kivi Oy is a Finnish company specializing in the production of gravestones, construction stones, and decorative stones. Based in Loimaa, the company upholds the traditions of Finland's stone industry through a commitment to sustainable production and innovative product development. As one of the leading granite refiners in the country, Loimaan Kivi offers a diverse range of stone products available through its retail locations and resellers. The company provides tailored construction solutions, including both product deliveries and turn-key projects, assisting clients in selecting the right stone and planning stone structures. Additionally, Loimaan Kivi has experience collaborating with prominent sculptors, enabling the production of unique stone sculptures. The company's extensive collection and professional staff support a comprehensive design program for various stone applications, catering to both interior design and environmental construction needs.

Tribeflame

Private Equity Round in 2010
Tribeflame Oy, established in 2009 and based in Turku, Finland, specializes in developing games for tablet-based devices. The company was a pioneer in the tablet gaming industry, anticipating the rise of tablets as effective gaming platforms. Tribeflame has released over a dozen games, achieving significant success across various platforms, including Android, iOS, and Windows Phone. Among its notable titles is Benji Bananas, which has garnered over 70 million downloads, highlighting its widespread popularity. Other offerings include Keltis Oracle, a multiplayer board game for iPad, and Racecar, a top-down racing game. As of February 2018, Tribeflame operates as a subsidiary of Animoca Brands Corporation Limited.

Afore Oy

Private Equity Round in 2009
Afore Oy specializes in the development and production of testing devices for the microelectromechanical systems (MEMS) industry. The company offers a range of products, including laser processing and welding devices, as well as accelerometer and pressure sensor testers. Afore provides both standard and customized testing solutions designed to meet various requirements, from laboratory settings to full-scale production. Established in 1995 and headquartered in Turku, Finland, Afore Oy operates as a subsidiary of AEM Holdings Ltd.

Suomen Teräspaalutus

Seed Round in 2008
Suomen Teräspaalutus Oy, located in Raisio, Finland, specializes in foundation reinforcement and engineering services, particularly in the areas of piling, underpinning, anchoring, and foundation reinforcements. The company is adept at working in narrow spaces, making it a reliable choice for various construction projects. Its clientele encompasses construction companies, private builders, and public sector entities, benefiting from the extensive experience of its staff in the field. Suomen Teräspaalutus Oy is committed to responsible business practices, participating in the Reliable Partner Program, which allows clients to verify the company's adherence to social obligations in real time.

Navix

Private Equity Round in 2008
Navix Oy is a Finnish company based in Paimio that specializes in designing, engineering, and manufacturing electronic components for the boat building industry in Europe. Founded in 2001, its product offerings include control panels, consoles, acrylic products, cable harnesses, shore power products, laminate floors, and various plastic components. The company also provides industrial design and electrical engineering services, catering to a diverse clientele ranging from small motor yachts to larger sailing boats and utility vehicles. By delivering customized solutions, Navix Oy aims to streamline processes for its customers and reduce the number of suppliers they need, ultimately enhancing operational efficiency in the marine sector.

Neoxen Systems

Venture Round in 2004
Neoxen Systems is a Finnish software services company that specializes in designing and developing solutions for information and communication technology process improvement. Founded in 2002 and headquartered in Turku, Finland, with an additional office in Helsinki, the company offers products such as the Neoxen QX Framework, a development platform for creating system software components and distributed business applications, as well as Neoxen Modus, which enhances product development and quality assurance processes. Neoxen also provides open-source tools for Windows-Linux professionals and a range of professional services, including IT consulting, software engineering, quality assurance, and staffing solutions. As a long-term Microsoft Gold Partner, Neoxen is recognized for its expertise in cloud technologies, particularly Windows Azure and Office 365. The company collaborates with various research centers and technology providers, ensuring it remains at the forefront of innovation in the industry.

Mamec

Venture Round in 2004
Mamec Oy, established in 1951 and located in Lohja, Finland, specializes in the development, manufacturing, and marketing of special pumps and industrial agitators. The company focuses on vertical long frame and dry installation pumps, as well as industrial mixers and container agitators. With a factory spanning 5,000 square meters, Mamec Oy leverages its skilled personnel and modern machinery to provide reliable service and high-quality products to its customers.

Coreplast Laitila

Private Equity Round in 2004
Coreplast Laitila Oy is a prominent contract manufacturer in the plastics industry based in Laitila, Finland. The company specializes in a wide range of services, including the design and procurement of molds, prototyping, injection molding, and various printing techniques such as tampo printing and laser marking. Additionally, Coreplast Laitila offers assembly services, including those suitable for electrostatic discharge (ESD) environments, as well as logistics support for its clients. Its customer base spans several industries, including power, electronics, telecommunications, sports, home appliances, environmental solutions, and furniture. As of June 2019, Coreplast Laitila operates as a subsidiary of SP Group A/S.

Mepu Oy

Venture Round in 2003
Mepu Oy, founded in 1952 and based in Pöytyä, Finland, specializes in the design and manufacture of grain handling equipment. The company offers a diverse range of products, including mobile and stationary dryers, bins, grain transfers, sorters, and heat sources. Mepu Oy serves a broad customer base through a network of dealers across several European countries, including Sweden, Norway, and Poland, among others. Renowned for its quality and innovation, the company emphasizes research and development to enhance its offerings, ensuring high customer satisfaction. Mepu Oy operates under strict quality and environmental management systems, adhering to standards that govern production efficiency, safety, and sustainability. In 2016, it became a subsidiary of Arskametalli Oy, further strengthening its market presence.

NV-Thermotrans

Venture Round in 2002
NV-Thermotrans is a transportation company based in Harjavalta, Finland, specializing in temperature-controlled and standard transport services. The company operates between Finland and mainland Europe, with a primary focus on the Benelux countries. It offers services for both piece goods and full loads, emphasizing speed and personalized operations to meet the specific needs of its clients.

Uudenkaupungin Rautavalimo

Private Equity Round in 2001
Uudenkaupungin Rautavalimo Oy, established in 1950, operates an iron foundry in Uusikaupunki, Finland. The company specializes in manufacturing and supplying single castings, prototypes, and small series of cast iron products. In addition to its core foundry services, Uudenkaupungin Rautavalimo offers painting, machining, and sub-assembly services to enhance its product offerings. The company is committed to providing fast and flexible production solutions, ensuring high-quality outputs at competitive prices through its efficient management of logistics and subcontracting. By maintaining a robust network of co-founders and engineers in Asia, Uudenkaupungin Rautavalimo effectively supports its customers with a streamlined and cost-effective component procurement process.

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

Nybrok Oy

Venture Round in 2000
Nybrok Oy is an international transport company based in Uusikaupunki, Finland, founded in 1972. It specializes in transportation services for a diverse range of goods, including lumber, log houses, automotive components, hygiene products, and various groupage shipments. The company operates a modern fleet that includes hauling trucks, mega trailers, and roadtrains, enabling it to meet demanding transport needs efficiently. Nybrok Oy serves a broad customer base across Europe, including countries such as Austria, Benelux, Germany, France, Italy, Scandinavia, Switzerland, Slovakia, the Czech Republic, and Finland. The company's experienced personnel are dedicated to providing reliable and timely delivery, ensuring customer satisfaction through effective communication and service.

Nereus

Venture Round in 1997
Nereus specializes in the development, design, marketing, and installation of floor-heating systems that primarily utilize water as a heat source, while also offering models compatible with alternative energy sources like geothermal and solar. Established in Finland since the 1980s, Nereus has earned a reputation for quality and reliability among industry professionals, making it a leading provider in the building technology sector. The company focuses on underfloor heating solutions tailored for small house renovations, as well as for apartment buildings and commercial spaces. Nereus has successfully delivered its heating solutions to over 25,000 households, ensuring comfort and efficiency in home heating. Its products are now part of Uponor Finland's product range, further solidifying its position in the industry.

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.

Biotie Therapies

Private Equity Round in 1996
Biotie Therapies Corp. is a biopharmaceutical company headquartered in Turku, Finland, specializing in the development of therapeutics for central nervous system disorders and inflammatory diseases. The company is known for its innovative drug candidates, including Selincro, a treatment for alcohol dependence, and Tozadenant, an oral antagonist aimed at Parkinson's disease, which is currently undergoing Phase III clinical trials. Additionally, Biotie is advancing SYN120, a dual receptor antagonist that has completed early-stage clinical studies, and BTT1023, a monoclonal antibody in Phase II trials for primary sclerosing cholangitis. Biotie's focus is on addressing significant unmet medical needs in various conditions, including addiction and inflammatory diseases, thereby contributing to advancements in therapeutic options within these areas.
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