Ambient Sound Investments

Ambient Sound Investments OÜ, founded in 2003 by four engineers from Skype, is a private investment firm based in Tallinn, Estonia. The company specializes in both direct investments and fund of fund investments, focusing on private equity and venture capital across various stages, including incubation, seed/startup, early venture, and growth capital. Ambient Sound Investments targets investments in technology-driven companies, particularly in the fields of information technology, software, web, social media, and research and development, primarily within the United States, Europe, and Asia, including Eastern Europe. The firm typically invests between €0.5 million and €2 million, preferring to maintain a minority stake of around 25 percent in its portfolio companies, although it may take a majority stake in incubators. Additionally, it aims to have a Partner or Advisor on the boards of its investments and is open to co-investments and public equity investments. After selling its shares in Skype to eBay in 2005, the firm has continued to operate as a private investment vehicle.

Kasesalu, Priit

Partner

34 past transactions

KappaZeta

Seed Round in 2023
KappaZeta specializes in interpreting radar satellite data to support farmers in enhancing profitability and the quality of agricultural products. The company has developed smart farming applications that utilize satellite data to monitor grass meadows effectively. These applications aim to minimize the need for frequent field visits while delivering timely and precise updates on field activities such as mowing, grazing, and plowing. By leveraging advanced satellite technology, KappaZeta empowers farmers to make informed decisions that contribute to more efficient agricultural practices.

Ampler Bikes

Venture Round in 2021
Ampler Bikes OÜ, founded in 2014 and headquartered in Tallinn, Estonia, specializes in manufacturing and marketing lightweight electric bikes aimed at urban cyclists. The company offers several models, including the Curt, Stout, and Stellar, each available in different frame sizes. Emphasizing simplicity and functionality, Ampler Bikes designs its products without heavy batteries or bulky screens, focusing on a streamlined experience that enhances the joy of cycling. Additionally, the company operates a flagship store in Berlin, Germany, further solidifying its presence in the electric bike market.

Pomelo Fashion

Series C in 2019
Pomelo Fashion Co., Ltd. is a Bangkok-based online fashion retailer that specializes in women's apparel, shoes, and accessories. Founded in 2013, the company operates an e-commerce platform that features a wide range of stylish and affordable products designed and produced in Asia for a global audience. Pomelo focuses on delivering on-trend, eco-conscious fashion by collaborating with designers to create exclusive house brand items. In addition to its online presence, Pomelo also manages physical retail stores, enhancing its reach to fashion-forward consumers. The brand aims to empower women by helping them express their individuality and style through its thoughtfully curated collections.

Senseg

Series B in 2014
Senseg is the company behind E-Sense, the tactile interface technology which generates the feel of virtual buttons on smooth surfaces like cell phone or computer screens and gives tactile feedback to the user. The difference between E-Sense and the other haptic, or tactile, technologies is that Senseg’s technology is not powered by mechanical motors but is based on virtual touch technology. Instead of using vibrating motors, the devices are completely motionless. Instead, the E-Sense system stimulates your fingers or hand with an electrical field to simulate the feeling of friction or texture.

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.

Blaast

Seed Round in 2010
Blaast is a platform designed to facilitate company growth by bridging the strategy execution gap. It helps leaders, management, and employees align with a company's purpose and vision through a nimble execution process. The platform offers a range of services, including strategy consulting, training, and playbooks, all grounded in validated principles that support small to medium enterprises in achieving their quarterly objectives. By applying these principles dynamically and comprehensively, companies can enhance their performance and progress from start-up to enterprise levels. Blaast is headquartered in Park City, Utah.

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.

Guardtime

Series A in 2010
Guardtime is a network security company based in Tallinn, Estonia, founded in 2007 by Mike Gault. It specializes in validating the integrity of data, networks, systems, and processes through its proprietary technology. The company develops a full-stack industrial blockchain platform that supports zero-trust enterprise applications. Its keyless signature infrastructure and KSIBlockchain ensure the integrity of systems and data at an industrial scale, allowing database owners to provide independent verification of database records and maintain backups with audit logs. Guardtime aims to form partnerships across various industries to enhance its product offerings and facilitate market entry.

Progeniq

Series A in 2010
Progeniq specializes in the development of hardware accelerators designed to enhance the performance of computationally intensive applications, achieving speeds up to five times faster than standard multi-core CPUs. The company offers small, low-power accelerator cards that can be easily integrated into existing server infrastructures, consuming only 25 watts each. This innovation provides substantial advantages in terms of performance per watt and cost-effectiveness compared to expanding server farms with additional conventional servers. Progeniq's RenderBoost product line specifically targets the visual effects and animation sectors, significantly reducing rendering times from hours to minutes. The company collaborates with leading rendering software providers and is supported by several investment funds, including those based in Singapore and Estonia. Progeniq is headquartered in Singapore.

Armorize Technologies

Series B in 2009
Armorize Technologies offers comprehensive security solutions designed to protect enterprises from cyber threats targeting vulnerable web applications. Headquartered in Santa Clara, California, with a research and development center in Taipei, Taiwan, the company specializes in cloud-based anti-malware products. Armorize develops advanced technologies to defend against various cyber attacks, including Advanced Persistent Threats, targeted email attacks, and website intrusions. The Armorize Appsec Suite is built on the foundation of innovative research projects, which have been recognized in prestigious academic venues and cited by leading organizations. The company has also received accolades for its technological advancements and business practices, including recognition in the Red Herring Asia Top 100 and Red Herring Global Top 10 Innovators.

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 that specializes in creating immersive gaming platforms for casual and sports games, virtual worlds, and social casinos. Founded in 2006, FlowPlay develops, operates, and publishes engaging free-to-play online and mobile experiences for both consumers and businesses. The company's notable consumer products include ourWorld, a popular virtual world for teens, and Vegas World, an engaging multiplayer social casino. FlowPlay's technology provides white-label platforms for online gaming networks, facilitating interaction among users of all ages. The company is recognized for its extensive multiplayer infrastructure and industry-leading monetization rates, helping businesses launch custom-branded online games. With a community of over 75 million users globally, FlowPlay continues to thrive in high-growth markets such as online gaming, fantasy sports, and casinos.

Mendeley

Series A in 2009
Mendeley is a global research collaboration and networking platform that enables scientists to organize, share, and discover new research. Launched in 2009, Mendeley has amassed over 3 million users across 180 countries, including prestigious institutional customers such as Harvard, Stanford, and MIT. The platform facilitates collaboration through hundreds of thousands of groups and has seen users upload more than 500 million documents, establishing one of the largest research databases globally. Mendeley offers tools such as Mendeley Desktop, which organizes PDF documents and research papers into personal digital bibliographies, and Mendeley Web, an online research paper management tool that also serves as a social network for researchers. Additionally, its extensive data is accessible via the Mendeley API, supporting the development of over 200 third-party applications aimed at making science more open and social.

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 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.

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 is the company behind E-Sense, the tactile interface technology which generates the feel of virtual buttons on smooth surfaces like cell phone or computer screens and gives tactile feedback to the user. The difference between E-Sense and the other haptic, or tactile, technologies is that Senseg’s technology is not powered by mechanical motors but is based on virtual touch technology. Instead of using vibrating motors, the devices are completely motionless. Instead, the E-Sense system stimulates your fingers or hand with an electrical field to simulate the feeling of friction or texture.

Programeter

Seed Round in 2008
Programeter, made by SourceKibitzer, is an analytics company that offers effective, easy-to-use tool for software development teams to watch the progress and quality of their software projects. The company pays particular attention to the quality assurance, performance management and development efficiency areas. Founded in 2006, Programeter is managed by a team of experts in the field of metrics for all aspects of software development with more than 10-year experience of working in the industry. Programeter has combined researches in computer science with several years of practical experience of agile software development. The company members are actively engaged in consulting on the topic of software development life cycle metrics. Programeter has a number of enterprise customers such as the leading Nordic-Baltic banking group Swedbank. The mission of the company is to raise maturity level of software industry.

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 booking platform for beauty and wellness treatments, operating primarily in the Benelux region and featuring over 2,500 spas, salons, and studios across 60 cities, including Amsterdam, Cologne, and Berlin. The platform connects consumers with various services such as hairdressing, waxing, and other beauty treatments, facilitating an easy and convenient booking experience. By leveraging community reviews, Treatwell allows users to search for and compare different providers, enhancing their decision-making process. The company also supports salon owners by attracting new customers and fostering loyalty, ultimately helping to increase their revenues. With offices in Amsterdam and Berlin, Treatwell is part of the Wahanda Group, which is recognized as a leading marketplace in the beauty and wellness sector.

EGeen

Venture Round in 2008
EGeen is a company that specializes in advancing drug development for biotechnology and pharmaceutical firms by providing clinical trial management services. It focuses on delivering fast, high-quality, and cost-effective solutions to enhance the efficiency of clinical trials. By leveraging its expertise and extensive network, EGeen aims to streamline the approval process for new drugs, helping clients achieve successful research outcomes.

FlowPlay

Series A in 2007
FlowPlay is a Seattle-based company that specializes in creating immersive gaming platforms for casual and sports games, virtual worlds, and social casinos. Founded in 2006, FlowPlay develops, operates, and publishes engaging free-to-play online and mobile experiences for both consumers and businesses. The company's notable consumer products include ourWorld, a popular virtual world for teens, and Vegas World, an engaging multiplayer social casino. FlowPlay's technology provides white-label platforms for online gaming networks, facilitating interaction among users of all ages. The company is recognized for its extensive multiplayer infrastructure and industry-leading monetization rates, helping businesses launch custom-branded online games. With a community of over 75 million users globally, FlowPlay continues to thrive in high-growth markets such as online gaming, fantasy sports, and casinos.

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 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.

Markit

Seed Round in 2006
Thousands of international companies across 6 continents are saving considerable amounts of time and money by sourcing and buying their IT hardware and accessories through Markit’s IT marketplace and procurement solution. Markit clients compare prices and delivery times in real time in our marketplace of over 5 million unique IT products. In 2022, they saved an average of 10.3% on average market prices and thousands of hours by using Markit to manage, centralise, and streamline their IT purchasing. Founded in Estonia in 2003, Markit is now working in 44 countries. In 2022, Markit’s revenue was 217.8M euros.

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.

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.

Ecofleet

Seed Round in 2006
Ecofleet Group is an international software company based in Birkerød, Denmark, founded in 2006. It specializes in GPS-based fleet and team management solutions, enabling businesses to optimize their vehicle fleets and workflows effectively. Ecofleet's software allows users to remotely manage and track various transportation assets, including cars, trucks, and boats. The platform provides real-time data on vehicle location, speed, and direction, along with tachograph information that offers insights into driving behaviors, rest periods, and compliance violations. This functionality enhances operational transparency by enabling users to assign tasks directly to employees' smartphones and receive live updates, ultimately helping customers reduce costs and improve revenue. Ecofleet operates as a subsidiary of Fleet Complete.

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 manufacture of gallium arsenide semiconductors, focusing on high-temperature ultra-fast recovery PIN power diodes. Utilizing an industrially stable Liquid Phase Epitaxy process, the company produces diodes that offer several advantages over traditional silicon counterparts, including higher maximum junction temperatures of up to 260 degrees Celsius, temperature-independent dynamic recovery characteristics, reduced leakage current, and enhanced radiation hardness. These properties make Clifton's products particularly suitable for applications in diverse sectors such as automotive, household appliances, military, aviation, and space, where high reverse voltage capabilities of up to 1000 volts and lower capacitance are essential.

MyHeritage

Series A in 2004
MyHeritage is a platform dedicated to helping individuals discover, preserve, and share their family history. It offers DNA testing services that facilitate the creation of family trees and the search for relatives. Through its user-friendly platform and DNA kits, MyHeritage enables users to explore their ancestry and connect with long-lost family members, making it accessible for anyone to embark on a meaningful journey into their past. This service aims to empower consumers to treasure their family stories for future generations.
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