Ambient Sound Investments

Ambient Sound Investments (ASI) was established in 2003 as an equal partnership by four founding engineers at Skype to hold a minority stake in Skype. At the end of 2005 ASI sold its Skype shares to eBay and now operates as a private investment vehicle.

Ahti Heinla

Founder and Partner

Priit Kasesalu

Founder and Partner

Tauno Tats

CEO

30 past transactions

Armorize Technologies

Series B in 2009
Armorize Technologies delivers end-to-end security solutions safeguarding enterprises from hackers seeking to exploit vulnerable Web applications. Armorize is headquartered in Santa Clara, CA, with its R&D center in the Nankang Software Park in Taipei, Taiwan. The Armorize Appsec Suite builds on the WAVES and WebSSARI projects which garnered best paper nominations at the prestigious 2003 and 2004 World Wide Web Conferences. These publications have received over 150 SCI citations from organizations such as Google, Microsoft Research and a host of highly respected academic institutes. Subsequent corporate recognition for innovative technology and business practices include the Red Herring Asia Top 100 and Red Herring Global Top 10 Innovators awards.

Senseg Oy

Seed Round in 2008
Senseg Oy develops tactile interface technology solutions. It offers E-Sense, a hardware and multilayered touch interaction and effects software solution integrated into electronic devices, which enables the feel of virtual buttons on laptops, GPS, and touch screen surfaces. Senseg Oy was founded in 2006 and is based in Espoo, Finland. As of February 24, 2016, Senseg Oy operates as a subsidiary of O-film Global (HK) Trading Limited.

United Dogs and Cats

Series A in 2009
United Dogs and Cats is an interest based niche online community for dog and cat loving people to express their passion and have fun. They are all about pet related user generated content. On their website all pet lovers can express their passion by posting status updates, blog posts, photos and videos on their profile page and tap into a “public brain” though their forum. A pet owner could also create a profile page for his/her pet and create a full timeline of events so they always have a place to go to and relive the fun moments together. Of course they enable users to share all their amazing content with other Uniteddogs / Unitedcats users and friends on other social networks. Their iPhone application enables users to snap and edit photos of their pets and add status updates on the go. Now sharing is possible virtually anywhere and all great moments with your pet can be posted to other community members immediately.

Mendeley

Series A in 2009
Mendeley (http://www.mendeley.com) is a global research collaboration and networking platform. Their apps help scientists organise, share, and discover new research. Since their launch in 2009, Mendeley has grown to more than 3 million users in 180 countries and institutional customers including Harvard, Stanford, and MIT. Their users collaborate in hundreds of thousands of groups and have collectively uploaded more than 500 million documents - creating one of the largest research databases in the world. This data, available via the Mendeley API (http://dev.mendeley.com), powers more than 200 exciting new third-party applications that are making science more social and open.

Blip

Series A in 2007
Blip is an online media platform that provides its users with access to video clips and programs related to media and entertainment. It provides its users with access programs and video clips related to general entertainment, comedy, music, drama, television, food, video games, and more. In addition, it categorizes its content into three segments: editors' picks, current video and program trends, and new episodes of programs. It also provides producers with a suite of tools to host, distribute, and monetize their web series. Blip was founded on May 1, 2005 by Charles Hope and Jared Klett. It is based in New York City, New York.

Modesat

Seed Round in 2006
Modesat Communications is a rapidly growing privately held technology company specializing in the design, development and commercialization of high throughput FPGA or ASIC based digital modems for microwave, millimeter wave and satellite communications applications. Products developed by the company incorporate Modesat’s patented PilotSyncTM synchronization technology, which enables higher throughput, lower bill of materials cost and increased operational reliablity.

Ampler Bikes

Venture Round in 2021
Ampler Bikes OÜ manufactures and markets light electric bikes for urban cyclists. The company offers curt, stout, and stellar bike models and frame sizes. It also operates a flagship store in Berlin, Germany. The company was founded in 2014 and is headquartered in Tallinn, Estonia.

Clifton

Series A in 2006
Clifton has developed an industrially stable process for gallium arsenide Liquid Phase Epitaxy, and is using it to manufacture dies for high temperature ultra-fast recovery PIN power diodes. Compared to conventional Silicon diodes, GaAs has superior performance characteristics, including: * higher maximum junction temperature (up to +260 Celsius) * temperature independent dynamic recovery characteristics * lower leakage current * radiation hardness * high reverse voltage capability (up to 1000V)

Programeter

Seed Round in 2008
Programeter provides solutions for measuring software development life cycle metrics for software development managers. It offers a software development life cycle metrics platform that monitors the software development life cycle metrics and reports on the project performance indicators, such as development team's activity days, team's effort and contribution, the number of active coders, testers, and bug fixers assigned in the project. Programeter was formerly known as SourceKibitzer OÜ. The company was founded in 2006 and is based in Tallinn, Estonia.

Senseg Oy

Series B in 2014
Senseg Oy develops tactile interface technology solutions. It offers E-Sense, a hardware and multilayered touch interaction and effects software solution integrated into electronic devices, which enables the feel of virtual buttons on laptops, GPS, and touch screen surfaces. Senseg Oy was founded in 2006 and is based in Espoo, Finland. As of February 24, 2016, Senseg Oy operates as a subsidiary of O-film Global (HK) Trading Limited.

Pomelo Fashion Co., Ltd.

Series C in 2019
A leading international online fashion company based in Bangkok. Products are proudly designed and produced in Asia for today’s global consumer. Pomelo is a modern fashion brand born in Asia with a global mindset: on-trend, online, on-the-go. With an undisputable sense of style at an unparalleled price, Pomelo aims to offer women everywhere their best look to become their best selves.

EGeen

Venture Round in 2008
EGeen business is to advance the drug development of biotech and pharmaceutical companies by offering fast, high quality and cost-effective clinical trial management services.

Flowplay,Inc.

Series A in 2007
FlowPlay is the company behind the most powerful immersive gaming platform for casual and sports games, virtual worlds and social casinos. A developer, operator and publisher, FlowPlay serves both consumers and businesses with engaging online and mobile free-to-play experiences. Partners turn to FlowPlay for its extensive multiplayer infrastructure, industry-leading monetization rates and proven track record helping businesses launch custom-branded online games. FlowPlay’s consumer products include ourWorld, one of the most popular teen virtual worlds, and Vegas World, the industry’s most engaging multiplayer social casino. Together, they have been played by a loyal community of more than 75 million users around the world. FlowPlay dominates a cross-section of industries including online and mobile games, fantasy sports and casinos – consistently creating opportunities in high-growth and emerging markets. Based in Seattle, FlowPlay was founded in 2006 and is primarily funded by Intel Capital and the creators of Skype.

Blaast

Seed Round in 2010
Blaast was founded as a platform that utilizes proven business principles to bridge the strategy execution gap driving company growth. Leaders, management, and employees create alignment to achieve a company’s purpose and vision by implementing a nimble execution process that ensures success through time-tested Blaast Quarterly Playbook Principles. Every objective focused organization can achieve ultimate performance using our Blaast Platform, Blaast Training, Blaast Strategy Consulting, and the Blaast Playbooks. Blaast principles are robust and validated in order to support small to medium enterprises drive quarterly objectives. Through dynamic and comprehensive principle application, companies achieve their goals to build from start-up to enterprise. To learn more, check out www.blaast.com.

Treatwell

Series A in 2008
Treatwell is an internet company. They can find the right hairdresser, waxing studio, or beauty institute based on the reviews collected by the community. It is specialized in online bookings, beauty, health and wellness, hybrid marketplace, online marketing, e-commerce, technology, and more. They bring customers and salon owners together, make appointments bookable at any time and share the beauty know-how with them.

Ecofleet Group

Seed Round in 2006
Ecofleet Group develops global positioning (GPS) system based fleet and team management software. The company was founded in 2006 and is based in Birkerød, Denmark. As of January 31, 2018, Ecofleet Group operates as a subsidiary of Fleet Complete.

Kindo Network

Seed Round in 2008
Founded in 2007, London-based Kindo is an internationally-focused web-based family networking platform that spans generations. On Kindo users can build their free next generation family tree and stay in touch with their loved ones. Kindo is available in 14 different languages with Arabic, Chinese, Turkish and Russian being exotic examples. The company is funded by high-profile business angels and venture capitalists, including Saul and Robin Klein from The Accelerator Group (TAG), Stefan Glaenzer (last.fm, myblog.de, ricardo.de) and Ambient Sound Investments (ASI), the investment company of Skype's founding engineers.

Blip

Series B in 2008
Blip is an online media platform that provides its users with access to video clips and programs related to media and entertainment. It provides its users with access programs and video clips related to general entertainment, comedy, music, drama, television, food, video games, and more. In addition, it categorizes its content into three segments: editors' picks, current video and program trends, and new episodes of programs. It also provides producers with a suite of tools to host, distribute, and monetize their web series. Blip was founded on May 1, 2005 by Charles Hope and Jared Klett. It is based in New York City, New York.

Kublax

Angel Round in 2009
Kublax is a secure online personal financial management platform which automatically aggregates all of your UK bank and credit card accounts into one place. Kublax participated in [Seedcamp](http://www.crunchbase.com/organization/seedcamp) 2007.

MarkIT

Seed Round in 2006
More than 9500 companies in 35 countries trust and use Markit to purchase their IT products, including 20+% of the Global Forbes 2000 and Fortune 500 companies. Companies such as ABB, AGA (Linde AG), Coca-Cola, Danfoss, Ericsson, Johnson & Johnson MetLife, Rezidor/Radisson, Roche, Sanofi, Schott, SEB, Siemens, Skype, Telenor, Tieto, TIKTOK and many more are solving numerous indirect IT purchasing issues with Markit. In 2019 they saved an average of 12.5% on average market prices and thousands of hours in reduced purchasing process time. Our clients compare prices and delivery times in real time in our catalogue of 3.4 million IT products, sourced from approximately 325 of the world’s leading IT distributors. Markit offers local to local deliveries with local invoicing in the relevant currencies across 35 countries. The average delivery time for orders is approximately 3 days. In addition, clients get transparent visibility of spend, dynamic proof of savings plus supplier and invoice consolidation options, all backed by dedicated client support in local languages. Contract management and SLAs are simplified with a group level consolidated agreement, potentially reducing the client’s IT supplier count to one. At Markit, we believe IT purchasing should be simple, transparent and efficient – in a way that not only saves money on product prices but reduces purchasing process time massively. We're passionate about helping our clients succeed in achieving the lowest possible total cost of purchase. Our Net Promoter Score is 64.5% and rising. In 2019 Markit’s turnover was 111.9M euros. Markit was founded in Estonia in 2003. Full markit Factsheet available at www.slideshare.net/markit/markit-fact-sheet-239054692

LogoneX

Seed Round in 2009
LogneX is an inventory management system delivered as internet service. While traditional solutions are typically deployed in-house, LogneX employs SaaS (Software as a Service) model.

Frenzoo

Venture Round in 2012
Frenzoo is a mobile game startup creating a new class of 3D lifestyle games for girls and women. The company’s offerings include the hit Me Girl™ series, enjoyed by millions around the world. The company's app is based on a flexible and innovative avatar technology platform that brings characters to life.

Evikon MCI

Venture Round in 2006
Evikon MCI designs, manufacturers and markets sensor-based electronic measurement instruments for industrial automation applications. The company located in Tartu, Estonia, operates on the instrumentation market since 1991 and aims to take a leading position in this sector in Baltic region.

MyHeritage Ltd.

Series A in 2004
MyHeritage is the global destination for discovering, preserving and sharing family history. Our platform and DNA kits make it easy for anyone, anywhere to embark on a meaningful journey into their past and treasure their family stories for generations to come. Our powerful technology does the searching for you, revealing fascinating new details about your family history — effortlessly. The company was founded in 2003 by our CEO – entrepreneur and family historian Gilad Japhet. From a humble garage startup, MyHeritage has grown into a global company with 90 million users across 196 countries. Our 370 employees work out of bright, spacious offices in Israel, North America, and Europe to deliver an exceptional user experience in 42 languages. Guided by our core values of innovation, compassion and diversity, our team undertakes many voluntary community initiatives, using our expertise and technology to reunite families. We are delighted to go the extra mile for our users, offering 24/7 support and striving to create a true sense of community in the world of family history. In October 2013 MyHeritage was named the most promising Israeli start-up for 2013-14 by "Globes" magazine.

Progeniq

Series A in 2010
Progeniq provides hardware accelerators that speed up computationally intensive applications by up to 5x over standard multi-core CPUs. Progeniq is reinventing the way computing is done by creating small, low-power hardware cards that can be retrofitted into existing servers. At 25W power consumption per accelerator, these offer a significant advantage in performance-per-watt and performance-per-dollar over increasing the size of a serverfarm with more standard rack-servers. Progeniq's RenderBoost product line targets the Visual Effects / animations industry, cutting down full-quality rendertimes per frame from hours to minutes. Progeniq is working with leading rendering software providers and is backed by the Singapore investment funds BAF Spectrum Pte Ltd (www.bafspectrum.com) and SPRING SEEDS Capital Pte Ltd (www.spring.gov.sg) as well as Estonia-based Ambient Sound Investments (ASI) (www.asi.ee). The company is headquartered in Singapore and additional information is available at www.progeniq.com

Flowplay,Inc.

Series A in 2009
FlowPlay is the company behind the most powerful immersive gaming platform for casual and sports games, virtual worlds and social casinos. A developer, operator and publisher, FlowPlay serves both consumers and businesses with engaging online and mobile free-to-play experiences. Partners turn to FlowPlay for its extensive multiplayer infrastructure, industry-leading monetization rates and proven track record helping businesses launch custom-branded online games. FlowPlay’s consumer products include ourWorld, one of the most popular teen virtual worlds, and Vegas World, the industry’s most engaging multiplayer social casino. Together, they have been played by a loyal community of more than 75 million users around the world. FlowPlay dominates a cross-section of industries including online and mobile games, fantasy sports and casinos – consistently creating opportunities in high-growth and emerging markets. Based in Seattle, FlowPlay was founded in 2006 and is primarily funded by Intel Capital and the creators of Skype.

Modesat

Series A in 2010
Modesat Communications is a rapidly growing privately held technology company specializing in the design, development and commercialization of high throughput FPGA or ASIC based digital modems for microwave, millimeter wave and satellite communications applications. Products developed by the company incorporate Modesat’s patented PilotSyncTM synchronization technology, which enables higher throughput, lower bill of materials cost and increased operational reliablity.

UAB Cgates

Private Equity Round in 2017
Cgates is largest independent pay TV and internet service provider. It provides digital and interactive television, fibre-optic broadband internet and fixed telephony to subscribers across the country. The company was founded in 1991 and has developed into a leading telecom operator via numerous acquisitions and organic growth. Investor consortium led by Livonia Partners acquired a significant minority stake in September 2017 to support growth of the company and further network and technology upgrades.

United Dogs and Cats

Angel Round in 2008
United Dogs and Cats is an interest based niche online community for dog and cat loving people to express their passion and have fun. They are all about pet related user generated content. On their website all pet lovers can express their passion by posting status updates, blog posts, photos and videos on their profile page and tap into a “public brain” though their forum. A pet owner could also create a profile page for his/her pet and create a full timeline of events so they always have a place to go to and relive the fun moments together. Of course they enable users to share all their amazing content with other Uniteddogs / Unitedcats users and friends on other social networks. Their iPhone application enables users to snap and edit photos of their pets and add status updates on the go. Now sharing is possible virtually anywhere and all great moments with your pet can be posted to other community members immediately.

Drimki

Seed Round in 2008
Drimki is a French online real estate technology company. Drimki's founding team comes from [Yahoo](http://www.crunchbase.com/organization/yahoo) and [Kelkoo](http://www.crunchbase.com/organization/kelkoo).