Ambient Sound Investments

Ambient Sound Investments OÜ, established in 2003 in Tallinn, Estonia, is a family office specializing in direct and fund of fund investments. It focuses on private equity and venture capital, investing in technology and technology-based service companies across the United States, Asia, and Europe. The firm prefers minority stakes, typically investing between €0.5 million to €2 million, and aims to have a Partner or Advisor on the boards of its portfolio companies. Ambient Sound Investments also engages in co-investments and public equity investments, using personal capital and balance sheet investments. Initially founded by Skype engineers to hold a minority stake in Skype, the firm sold its shares to eBay in 2005 and now operates as a private investment vehicle.

Priit Kasesalu

Partner

34 past transactions

KappaZeta

Seed Round in 2023
KappaZeta specializes in interpreting radar satellite data to enhance agricultural practices. The company develops smart farming applications that utilize sentinel satellite data to monitor grass meadows, significantly reducing the need for frequent field visits. By providing timely and accurate updates on farming activities such as mowing, grazing, and plowing, KappaZeta enables farmers to improve the profitability and quality of their agricultural products. Through its innovative approach, the company supports more efficient farming operations and better resource management.

Ampler Bikes

Venture Round in 2021
Ampler Bikes OÜ is a manufacturer and marketer of lightweight electric bicycles, catering to urban cyclists seeking freedom and convenience in their daily commutes. Founded in 2014 and headquartered in Tallinn, Estonia, the company offers a range of models, including the Curt, Stout, and Stellar, each available in various frame sizes. Ampler Bikes emphasizes a streamlined design that eliminates heavy batteries and bulky screens, integrating advanced technology with classic bicycle aesthetics to enhance the cycling experience. Additionally, the company operates a flagship store in Berlin, Germany, further establishing its presence in the European market.

Pomelo Fashion

Series C in 2019
Pomelo Fashion Co., Ltd. is an online fashion retailer based in Bangkok, Thailand, specializing in women's apparel. Founded in 2013, the company operates both an e-commerce platform and physical retail stores, providing a diverse range of fashion clothing, shoes, and accessories. Pomelo is dedicated to designing and producing its products in Asia, catering to a global consumer base with a modern aesthetic and a commitment to style at competitive prices. The brand collaborates with designers to create house brand items, focusing on eco-conscious, on-trend products that empower women to express their individuality and enhance their personal style.

Cgates

Private Equity Round in 2017
Cgates is the largest independent pay TV and internet service provider in Lithuania, based in Vilnius. Founded in 1991, the company has established itself as a leading telecommunications operator through a combination of acquisitions and organic growth. Cgates offers a range of services, including digital and interactive television, fiber-optic broadband internet, and fixed telephony, ensuring reliable connectivity for its subscribers. The company operates a robust fiber optic cable network, which supports its offerings and enhances customer experience. In September 2017, a consortium of investors led by Livonia Partners acquired a significant minority stake in Cgates to bolster the company's growth and facilitate further upgrades to its network and technology.

Senseg

Series B in 2014
Senseg Oy is a Finnish company specializing in the development of tactile interface technology. Founded in 2006 and headquartered in Espoo, Senseg is best known for its innovative E-Sense solution, which enables users to experience the sensation of virtual buttons and textured surfaces on touch screens without the need for mechanical components. Instead of relying on physical mechanisms, E-Sense employs electrically generated force fields to simulate tactile feedback, allowing users to perceive friction and texture on smooth surfaces such as smartphones and laptops. This unique approach distinguishes Senseg's technology within the haptic feedback market, providing a seamless and immersive user experience while enhancing interaction with electronic devices. Since February 2016, Senseg operates as a subsidiary of O-film Global (HK) Trading Limited.

Frenzoo

Venture Round in 2012
Frenzoo is a mobile game startup specializing in the development of 3D lifestyle games aimed primarily at girls and women. The company is known for its successful Me Girl™ series, which has attracted a large global audience. Utilizing a flexible and innovative avatar technology platform, Frenzoo creates engaging and immersive experiences that blend lifestyle elements with gaming, providing users with opportunities for creative expression and entertainment. Through its focus on free fashion and lifestyle games, the company seeks to establish itself as a leader in the evolving landscape of mobile gaming tailored for its target demographic.

Blaast

Seed Round in 2010
Blaast is a platform designed to facilitate company growth by bridging the strategy execution gap. Based in Park City, Utah, the company provides tools and methodologies that enable leaders, management, and employees to align their efforts with the organization's purpose and vision. Through the use of the Blaast Quarterly Playbook Principles, Blaast offers a nimble execution process that helps small to medium enterprises achieve their quarterly objectives. The platform includes services such as Blaast Training, Blaast Strategy Consulting, and the Blaast Playbooks, all of which are rooted in robust, validated principles. By applying these principles dynamically and comprehensively, companies can enhance their performance and progress from start-up to enterprise level.

Modesat Communications

Series A in 2010
Modesat Communications is a privately held technology company focused on the design, development, and commercialization of advanced digital modems tailored for microwave, millimeter wave, and satellite communications. The firm specializes in high throughput solutions based on FPGA and ASIC technologies. A distinguishing feature of Modesat's products is their proprietary PilotSync synchronization technology, which facilitates enhanced data throughput, reduces bill of materials costs, and improves operational reliability. The company's modem technology is designed to optimize connectivity for both wireless and wired communication devices over extended ranges, allowing users to access internet connectivity with greater ease and efficiency.

Guardtime

Series A in 2010
Guardtime is a network security company founded in 2007 and headquartered in Tallinn, Harjumaa. It specializes in validating the correctness of data, networks, systems, and processes through its full-stack industrial blockchain platform. The company's keyless signature infrastructure and KSIBlockchain technology ensure the integrity of systems and data at an industrial scale. This enables organizations to provide independent verification of database integrity and maintain comprehensive audit logs for database backups. Guardtime aims to establish partnerships across various industries to enhance the security and reliability of digital applications.

Progeniq

Series A in 2010
Progeniq is a company based in Singapore that specializes in developing hardware accelerators designed to enhance the performance of computationally intensive applications. Their innovative products offer up to five times the speed of standard multi-core CPUs while consuming only 25 watts of power per accelerator. This low-power solution allows for a more efficient performance-per-watt and performance-per-dollar compared to expanding server farms with additional traditional rack servers. Progeniq's RenderBoost product line specifically targets the visual effects and animation industries, significantly reducing rendering times from hours to minutes. The company collaborates with leading rendering software providers and focuses on reconfigurable computing applications for high-performance computing sectors.

Armorize Technologies

Series B in 2009
Armorize Technologies is a cybersecurity firm based in Santa Clara, California, with a research and development center located in Taipei, Taiwan. The company specializes in delivering comprehensive security solutions designed to protect enterprises from various cyber threats, including advanced persistent threats, targeted email attacks, and web malware. Its flagship product, the Armorize Appsec Suite, is built on innovative research projects that have been recognized at international conferences and cited by prominent organizations. The firm's commitment to developing next-generation technologies has earned it accolades, including recognition in the Red Herring Asia Top 100 and the Red Herring Global Top 10 Innovators awards. Through its cloud-based anti-malware products, Armorize Technologies aims to safeguard businesses from the ever-evolving landscape of cyber threats.

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.

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.

Flowplay

Series A in 2009
FlowPlay is a Seattle-based company established in 2006, specializing in developing, operating, and publishing engaging free-to-play online and mobile games. They focus on casual and sports games, virtual worlds, and social casinos, serving both consumers and businesses. FlowPlay's platform offers extensive multiplayer infrastructure and industry-leading monetization rates, making it a popular choice for partners seeking to launch custom-branded online games. Their consumer products include ourWorld, a popular teen virtual world, and Vegas World, an engaging multiplayer social casino, with a combined user base of over 75 million worldwide. FlowPlay's technology enables cross-industry opportunities in high-growth markets, funded primarily by Intel Capital and Skype's creators.

Mendeley

Series A in 2009
Mendeley is a global research collaboration and networking platform that provides tools for scientists to organize, share, and discover new research. Founded in 2009, the company has attracted over 3 million users across 180 countries, including prestigious institutions like Harvard, Stanford, and MIT. Mendeley's services include a desktop application that indexes and organizes PDF documents and research papers, as well as an online platform that facilitates social networking among researchers. Users engage in hundreds of thousands of collaborative groups and have uploaded more than 500 million documents, contributing to one of the largest research databases worldwide. This extensive data is accessible through the Mendeley API, supporting the development of over 200 third-party applications aimed at enhancing the accessibility and openness of scientific research.

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.

Blip

Series B in 2008
Blip is an online media platform that offers users access to a variety of video clips and programs focused on media and entertainment. The platform features content across multiple categories, including general entertainment, comedy, music, drama, television, food, and video games. It organizes its offerings into segments such as editors' picks, current trends, and new episodes. Additionally, Blip provides producers with tools to host, distribute, and monetize their web series. Founded in 2005 by Charles Hope and Jared Klett, Blip is headquartered in New York City.

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).

Senseg

Seed Round in 2008
Senseg Oy is a Finnish company specializing in the development of tactile interface technology. Founded in 2006 and headquartered in Espoo, Senseg is best known for its innovative E-Sense solution, which enables users to experience the sensation of virtual buttons and textured surfaces on touch screens without the need for mechanical components. Instead of relying on physical mechanisms, E-Sense employs electrically generated force fields to simulate tactile feedback, allowing users to perceive friction and texture on smooth surfaces such as smartphones and laptops. This unique approach distinguishes Senseg's technology within the haptic feedback market, providing a seamless and immersive user experience while enhancing interaction with electronic devices. Since February 2016, Senseg operates as a subsidiary of O-film Global (HK) Trading Limited.

Programeter

Seed Round in 2008
Programeter is a company that specializes in providing solutions for measuring software development life cycle metrics. Established in 2006 and based in Tallinn, Estonia, Programeter offers a platform designed for software development managers to monitor various project performance indicators, including team activity, effort, and the number of active contributors such as coders, testers, and bug fixers. The company emphasizes quality assurance, performance management, and development efficiency, leveraging a combination of research in computer science and extensive practical experience in agile software development. With a team of experts in software development metrics, Programeter also engages in consulting services and has served notable enterprise clients, including leading organizations in the Nordic-Baltic region. The company aims to enhance the maturity level of the software industry through its innovative metrics solutions.

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.

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.

Treatwell

Series A in 2008
Treatwell is an online platform specializing in bookings for beauty and wellness services, including hair, spa, and health treatments. Catering primarily to the Benelux region, it features over 2,500 salons and studios across 60 cities, such as Amsterdam, Cologne, and Berlin. The platform facilitates the discovery and comparison of beauty services through user reviews, enhancing the customer experience while providing salon owners with tools to attract and retain clientele. By offering a seamless online booking system, Treatwell empowers users to schedule appointments at their convenience, while also helping businesses increase revenue through improved customer engagement. The company operates offices in Amsterdam and Berlin and is part of the Wahanda Group, a leading marketplace for beauty services in Europe.

EGeen

Venture Round in 2008
EGeen is a company that specializes in advancing drug development for biotech and pharmaceutical firms by providing efficient clinical trial management services. It focuses on delivering high-quality and cost-effective solutions that enhance the research outcomes for its clients. By leveraging its expertise and extensive network, EGeen aims to streamline the clinical trial process, helping clients to secure candidate approvals more rapidly and effectively. Through its commitment to quality and efficiency, EGeen supports the pharmaceutical industry in bringing innovative therapies to market.

Flowplay

Series A in 2007
FlowPlay is a Seattle-based company established in 2006, specializing in developing, operating, and publishing engaging free-to-play online and mobile games. They focus on casual and sports games, virtual worlds, and social casinos, serving both consumers and businesses. FlowPlay's platform offers extensive multiplayer infrastructure and industry-leading monetization rates, making it a popular choice for partners seeking to launch custom-branded online games. Their consumer products include ourWorld, a popular teen virtual world, and Vegas World, an engaging multiplayer social casino, with a combined user base of over 75 million worldwide. FlowPlay's technology enables cross-industry opportunities in high-growth markets, funded primarily by Intel Capital and Skype's creators.

Inkspin1

Seed Round in 2007
Inkspin1 produces a universal software platform for embedded video calls on Set Top Boxes (STBs), media players and other network connected consumer electronic products.

Blip

Series A in 2007
Blip is an online media platform that offers users access to a variety of video clips and programs focused on media and entertainment. The platform features content across multiple categories, including general entertainment, comedy, music, drama, television, food, and video games. It organizes its offerings into segments such as editors' picks, current trends, and new episodes. Additionally, Blip provides producers with tools to host, distribute, and monetize their web series. Founded in 2005 by Charles Hope and Jared Klett, Blip is headquartered in New York City.

Markit

Seed Round in 2006
Markit is a B2B platform that streamlines the procurement of IT products for corporate buyers, serving over 9,500 companies in 35 countries, including a significant portion of the Global Forbes 2000 and Fortune 500. Founded in Estonia in 2003, Markit offers a comprehensive catalogue of approximately 3.4 million IT products sourced from around 325 leading distributors. The platform enables clients to compare prices and delivery times in real time, facilitating local deliveries with local invoicing in relevant currencies. In 2019, clients achieved an average savings of 12.5% compared to market prices and benefited from reduced purchasing process times. Markit enhances transparency in spending and provides options for supplier and invoice consolidation, supported by dedicated client service in local languages. The platform simplifies contract management, potentially allowing clients to reduce their IT supplier count. With a turnover of 111.9 million euros in 2019, Markit is committed to making IT purchasing efficient and cost-effective for businesses.

Evikon MCI

Venture Round in 2006
Evikon MCI is a company based in Tartu, Estonia, specializing in the design, manufacture, and marketing of sensor-based electronic measurement instruments for industrial automation. Established in 1991, the company focuses on providing data acquisition and control units, transmitters, and sensor assemblies that measure or detect key process and environmental variables, including temperature, pressure, level, humidity, and the presence of toxic and explosive gases. With a commitment to innovation and quality, Evikon MCI strives to become a leading player in the instrumentation market within the Baltic region.

Modesat Communications

Seed Round in 2006
Modesat Communications is a privately held technology company focused on the design, development, and commercialization of advanced digital modems tailored for microwave, millimeter wave, and satellite communications. The firm specializes in high throughput solutions based on FPGA and ASIC technologies. A distinguishing feature of Modesat's products is their proprietary PilotSync synchronization technology, which facilitates enhanced data throughput, reduces bill of materials costs, and improves operational reliability. The company's modem technology is designed to optimize connectivity for both wireless and wired communication devices over extended ranges, allowing users to access internet connectivity with greater ease and efficiency.

Ecofleet

Seed Round in 2006
Ecofleet is an international software company based in Birkerød, Denmark, specializing in GPS-based fleet and team management solutions. Established in 2006, the company focuses on optimizing vehicle fleets and workflows, allowing clients to reduce operational costs and enhance revenue. Ecofleet's software enables users to remotely manage and track various transportation assets, including cars, trucks, and boats. It provides real-time data on vehicle location, speed, and direction, as well as tachograph information that offers insights into driving patterns, rest periods, and potential violations. This functionality facilitates efficient task management by allowing users to communicate directly with employees' smartphones and receive live updates, thereby promoting greater transparency in workflows.

Oskando

Seed Round in 2006
Oskando Ltd core business is manufacturing GSM- and GPS-based equipment and offering telematics services.

Clifton

Series A in 2006
Clifton specializes in the manufacturing of gallium arsenide semiconductors, particularly focusing on high-performance p-i-n rectifier diodes produced through a stable Liquid Phase Epitaxy process. These diodes are designed for power electronics, offering significant advantages over traditional silicon diodes, such as higher maximum junction temperatures, superior dynamic recovery characteristics, reduced leakage current, enhanced radiation hardness, and the capability to withstand high reverse voltages. Clifton's products cater to various sectors, including automotive, household appliances, military, aviation, and space industries, providing essential components for applications that demand reliability and efficiency in challenging environments.

MyHeritage

Series A in 2004
MyHeritage is a company focused on helping individuals discover, preserve, and share their family history. It offers a user-friendly platform that includes DNA testing services designed to assist users in creating family trees and locating relatives. By enabling consumers to explore their ancestry, MyHeritage facilitates meaningful connections with the past and aids in reuniting individuals with long-lost family members. The combination of its online tools and DNA kits provides a comprehensive approach to genealogy, making it accessible for anyone interested in tracing their heritage and preserving family stories for future generations.
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