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

Past deals in Baltics

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.

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.

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.
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