Butterfly Ventures

Butterfly Ventures, established in 2012, is a venture capital firm headquartered in Oulu, Finland, with additional offices in Helsinki and Stockholm. The company specializes in seed-stage investments, focusing on deep tech, hardware, and hardware interfacing software startups in the Nordics. Butterfly Ventures typically invests in companies at an early stage, with 80% of its portfolio companies not having any revenue at the time of investment. Since its inception, it has been one of the most active early-stage VCs in the region.

Ville Heikkinen

Partner

Matti Kanninen

Co-Founder, Managing Partner

Anti Kodar

Venture Partner

Liina Lehtonen

Principal

Tanya Marvin-Horowitz

Partner

83 past transactions

Polar Light Technologies

Venture Round in 2025
Polar Light Technologies specializes in the development of advanced nano and micro LED technologies, focusing on semiconductor-based nanostructures that generate high-polarized light. These innovations play a significant role in enhancing secure communication methods, particularly in the fields of quantum cryptography and identification. The company's technology enables efficient optical interconnects and backlighting solutions, positioning it as a key player in the advancement of secure communication systems.

Zenniz

Venture Round in 2025
Zenniz is a developer of an innovative tennis tracking platform designed for amateur players, providing real-time data to enhance performance. Its ITF-approved solution includes features such as automated line calling, stroke and serve speeds, shot charts, and match statistics. Players and coaches can utilize Zenniz both on and off the court to analyze and visualize their game data, facilitating improvement through performance insights. The platform also allows users to share their results within an online community, fostering engagement and support among players. Zenniz leverages advanced sensor technology to maintain affordability, making its services accessible to tennis clubs, coaches, and players at all levels.

Happy Plant Protein

Pre Seed Round in 2024
Happy Plant Protein develops a plant protein technology.

Hypertype

Seed Round in 2024
Hypertype is the world's leading data integration platform for support & sales communications using AI. Brings real-time information and creates hyper-personalized responses for your customers in email and chat interfaces.

10Lines

Series A in 2024
10Lines is focused on creating autonomous robots that enhance the efficiency of pavement marking, specifically for parking lot layouts. By developing innovative technological solutions, the company aims to improve productivity for striping businesses while minimizing their environmental impact. These robots provide a sustainable method for striping, allowing firms to complete their tasks more quickly and effectively. As a result, striping companies can significantly increase their output without needing to expand their workforce, leading to cost savings and greater operational efficiency.

RiACT

Venture Round in 2023
RiACT develops robotic automation software aimed at enhancing agile production systems. The company's platform serves as a universal operating system for industrial robots, facilitating the connection between robotic hardware and intelligent applications. It features a real-time development environment that offers a visual drag-and-drop interface and template-based coding, making it accessible for creators and users of flexible robot applications. By streamlining the interaction between robots and their applications, RiACT aims to boost human potential and overall productivity in industrial settings.

EmbeDL

Venture Round in 2023
EmbeDL specializes in developing optimization software aimed at enhancing artificial intelligence and deep learning models. The company offers a state-of-the-art Deep Learning Model Optimization SDK, which significantly reduces energy consumption by up to 94%, increases execution speed by 16 times, and compresses memory models by a factor of eight. This SDK allows users to create energy-efficient deep learning models that can perform in real-time on cost-effective hardware. By combining proprietary algorithms with cutting-edge research innovations, EmbeDL ensures that model accuracy and precision are maintained throughout the optimization process. The company actively collaborates with leading industry players and academic institutions, fostering a culture of innovation that continually advances the field of embedded intelligence. Through these efforts, EmbeDL aims to streamline and automate the generation of superior deep learning models, making it easier for AI teams to develop competitive solutions in the market.

Retein

Venture Round in 2023
Retein is a water purification technology company focused on producing pure water at a low energy cost. Utilizing advanced materials and aquaporin proteins, Retein's technology effectively removes pollutants, including microplastics and pharmaceutical residues, from water. This innovative approach not only ensures the sustainable recovery of valuable resources but also promotes efficiency and cost-effectiveness for clients. By advancing water purification methods, Retein contributes to a resource-efficient and sustainable future.

Reactional Music

Seed Round in 2023
Reactional Music is a developer of innovative mobile applications that enhance music delivery, creation, and personalization. Utilizing patented technology, the company offers a music engine capable of producing interactive and adaptive music that synchronizes with various digital platforms and devices, including games. The applications can process diverse data inputs, such as motion sensors and game parameters, to create real-time music that aligns with user interactions. This functionality empowers musicians to compose and personalize their music experiences in ways that cater to individual preferences and gameplay dynamics, allowing for a seamless integration of music across multiple digital environments.

Cooliblade

Seed Round in 2022
CooliBlade specializes in cooling technology aimed at enhancing the performance of high-power electronics. The company develops efficient thermal management solutions that leverage a liquid-vapor phase-change phenomenon. Their product offerings include cooling systems for applications such as air conditioner drives, electric vehicle charging stations, base stations, intelligent grids, and LED luminaires. By providing natural convection heat sinks tailored for various electro-mechanical devices, CooliBlade addresses the critical heat management needs of its customers, ensuring optimal performance where heat is a limiting factor.

Intelecy

Venture Round in 2022
Intelecy is a Norwegian technology company specializing in machine learning solutions for the manufacturing and processing industries. The company focuses on analyzing production data to help businesses prevent equipment breakdowns, predict failures, and enhance production processes. With over 20 years of expertise in automation and industrial IT, Intelecy aims to improve predictive maintenance and process optimization for its clients. By leveraging advanced analytics, Intelecy enables organizations to reduce waste, lower energy consumption, and cut costs, ultimately providing valuable insights into their operations.

Naava

Funding Round in 2022
Naava specializes in developing living green walls technology aimed at improving indoor air quality and enhancing overall well-being. By utilizing bioactive plants, Naava creates environments that purify air, reduce harmful chemicals, and provide natural humidity, making it easier for individuals and businesses to incorporate the benefits of nature into their indoor spaces. The company's innovative solutions address the need for healthier living and working environments, especially as people spend a significant portion of their time indoors, often exposed to synthetic air. Naava's mission is to reconnect people with nature, allowing them to experience the refreshing quality of Nordic forest air, even in urban settings.

Uute Scientific

Funding Round in 2022
Uute Scientific Oy is a biotechnology company founded in 2019 and headquartered in Southern Finland. The company specializes in producing health and wellness ingredients aimed at reducing immune-mediated diseases such as diabetes and allergies. Uute Scientific offers extracts derived from natural substances, incorporating diverse microbes sourced from forests and agricultural environments. These ingredients are designed to be integrated into standard consumer products, making them accessible to families with young children. The company's approach focuses on helping individuals develop robust immune systems and lowering the risk of developing related health issues.

SpinDrive

Series A in 2021
SpinDrive specializes in the development of advanced levitation technology, focusing on magnetic bearing systems that enhance energy efficiency while promoting oil-free solutions. Their innovative systems include magnetic bearing sensors that monitor shaft positioning and relay this information to a magnetic bearing controller. This technology allows clients to significantly improve system efficiency, reduce material consumption, and lower maintenance costs, making it a valuable solution for industries seeking sustainable and efficient operational practices.

Geyser Batteries

Funding Round in 2021
Geyser Batteries Oy is a Finnish company based in Vaasa, established in 2018, that specializes in the development and manufacture of innovative high-power batteries. These batteries are designed to endure millions of charge and discharge cycles, making them suitable for demanding applications in transportation, power grid, and heavy machinery sectors. Utilizing proprietary water-based electrochemistry and patent-pending technology, Geyser Batteries produces environmentally safe, maintenance-free batteries that are fire-resistant and operational in extreme temperatures down to -60°C. Their products focus on fast and efficient charging, as well as reliability and safety, aiming to provide sustainable energy solutions for various industries.

GBuilder

Venture Round in 2021
GBuilder Ltd. is a Finnish company founded in 2012, specializing in Building Information Modeling (BIM) software tailored for developers and construction professionals. The company's platform streamlines the homebuyer's experience by digitizing the entire customer journey, from initial contact and sales to material selection, home configuration, and after-sales support. GBuilder's software provides tools for project and construction management, including options for change requests, dynamic 3D and virtual reality visualizations, defect management, and documentation. By creating digital twins and fostering a common language among all stakeholders, GBuilder enhances communication and collaboration, ultimately improving efficiency, quality, and sustainability throughout the construction process.

Natufia

Series A in 2021
Natufia specializes in indoor garden solutions that enable families to grow their own nutritious plants and herbs in the kitchen. By leveraging advanced technology, the company creates optimal growing conditions by monitoring essential factors such as temperature and humidity. This allows individuals to cultivate a variety of produce in confined spaces, promoting a healthier lifestyle. With a team of experts in technology, architecture, botany, and culinary arts, Natufia provides a holistic approach to food cultivation, allowing users to harvest fresh ingredients for cooking and enhancing their relationship with food.

Taimi.love

Seed Round in 2020
Taimi provides functional supplements to promote people's health and well-being. Taimi promotes holistic well-being awareness and the creation of a connection with nature and those close to us. Taimi's products include Immunity Blend, which comprehensively protects and renews the body and mind, Focus Blend, a holistic mind-enhancing supplement, and Sleep Blend, which promotes body and mind relaxation and supports deep and restorative sleep.

Uute Scientific

Seed Round in 2020
Uute Scientific Oy is a biotechnology company founded in 2019 and headquartered in Southern Finland. The company specializes in producing health and wellness ingredients aimed at reducing immune-mediated diseases such as diabetes and allergies. Uute Scientific offers extracts derived from natural substances, incorporating diverse microbes sourced from forests and agricultural environments. These ingredients are designed to be integrated into standard consumer products, making them accessible to families with young children. The company's approach focuses on helping individuals develop robust immune systems and lowering the risk of developing related health issues.

EmbeDL

Seed Round in 2020
EmbeDL specializes in developing optimization software aimed at enhancing artificial intelligence and deep learning models. The company offers a state-of-the-art Deep Learning Model Optimization SDK, which significantly reduces energy consumption by up to 94%, increases execution speed by 16 times, and compresses memory models by a factor of eight. This SDK allows users to create energy-efficient deep learning models that can perform in real-time on cost-effective hardware. By combining proprietary algorithms with cutting-edge research innovations, EmbeDL ensures that model accuracy and precision are maintained throughout the optimization process. The company actively collaborates with leading industry players and academic institutions, fostering a culture of innovation that continually advances the field of embedded intelligence. Through these efforts, EmbeDL aims to streamline and automate the generation of superior deep learning models, making it easier for AI teams to develop competitive solutions in the market.

MediTuner

Venture Round in 2020
MediTuner AB, founded in 2014 and based in Stockholm, Sweden, specializes in asthma management technology through its clinically validated application, AsthmaTuner. This innovative app connects to a spirometer and empowers patients to monitor their asthma levels effectively. By utilizing international treatment guidelines, AsthmaTuner offers instant, personalized treatment recommendations, enhancing the management of asthma for users. The application is designed to streamline the process for caregivers, enabling them to support patients more efficiently in taking control of their condition. Through this digital solution, MediTuner aims to improve the overall quality of life for asthma patients.

3AWater

Pre Seed Round in 2020
3AWater specializes in the regulation and treatment of industrial waters, focusing on preventing pollution and remediating contaminated sources. The company offers a portable and affordable water analysis device that measures metal content in real-time, enabling on-site assessments. This device allows clients to quickly analyze multiple metals simultaneously, making it significantly easier to monitor the condition of lakes and rivers, oversee water purification processes, and ensure the safety of drinking water. Through these efforts, 3AWater aims to contribute to the protection of potable water and promote environmental sustainability.

Taika3D Oy

Pre Seed Round in 2019
Taika3D Oy specializes in 3D design automation, particularly for the orthotics and prosthetics industry. The company's platform leverages 3D scanning and intelligent machine vision to rapidly capture images and generate 3D models, facilitating the creation of custom designs with remarkable speed and consistency. This innovation addresses the challenge of producing complex custom designs efficiently, significantly reducing design time by over 95%. Additionally, Taika3D’s technology enhances production scalability, minimizes errors and returns, and supports real-time design reviews. By streamlining the design process, Taika3D empowers laboratories to harness the advantages of 3D printing for mass customization, while also preserving the expertise of their teams. The applications of their technology extend beyond orthotics and prosthetics, encompassing various sectors that require precise and modular product creation.

Revonte

Seed Round in 2019
Revonte Ltd. is a Finnish company specializing in the manufacture of drive systems for electronic bicycles. Founded in 2016 and based in Tampere, Revonte's innovative systems feature automatic transmissions, ergonomics, flexible controllers, and high-capacity batteries, all of which can be customized via a mobile application by retailers. The company aims to revolutionize e-bike technology, providing manufacturers with enhanced flexibility and improved after-sale services. Its products support remote diagnostics and over-the-air updates, positioning them firmly in the Internet of Things (IoT) era. By offering advanced mobility solutions, Revonte enables clients to deliver superior e-bikes across various categories.

Intelecy

Seed Round in 2019
Intelecy is a Norwegian technology company specializing in machine learning solutions for the manufacturing and processing industries. The company focuses on analyzing production data to help businesses prevent equipment breakdowns, predict failures, and enhance production processes. With over 20 years of expertise in automation and industrial IT, Intelecy aims to improve predictive maintenance and process optimization for its clients. By leveraging advanced analytics, Intelecy enables organizations to reduce waste, lower energy consumption, and cut costs, ultimately providing valuable insights into their operations.

XFold Imaging

Pre Seed Round in 2019
Xfold Imaging is an imaging solution provider that develops customized nano-structured glass slides designed for biomedical imaging applications. Utilizing surface-enhanced bioimaging (SEBI) technology, these slides offer a significant 100-fold signal enhancement, allowing healthcare businesses to achieve super-resolution imaging simply by incorporating the slides into their existing microscopy equipment. By optimizing the nanostructures for specific excitation and emission wavelengths, Xfold Imaging enables detailed study of cellular structures and biomolecules at the nanoscale, enhancing research capabilities in the biomedical field.

SpinDrive

Pre Seed Round in 2019
SpinDrive specializes in the development of advanced levitation technology, focusing on magnetic bearing systems that enhance energy efficiency while promoting oil-free solutions. Their innovative systems include magnetic bearing sensors that monitor shaft positioning and relay this information to a magnetic bearing controller. This technology allows clients to significantly improve system efficiency, reduce material consumption, and lower maintenance costs, making it a valuable solution for industries seeking sustainable and efficient operational practices.

Hypermemo

Seed Round in 2019
Hypermemo specializes in advanced glass processing technology through its innovative GLAZER system, which consolidates multiple glass operations into a single tool. This technology allows for cutting, chamfering, smart glass surface treatment, edge deletion, marking, and engraving, all performed on one table without the need for chips, liquids, or abrasive powders. Utilizing a high-frequency gas laser with short pulses, GLAZER enhances glass processing efficiency and precision, offering a competitive edge over traditional mechanical methods. By transforming conventional techniques into a more contactless and environmentally friendly approach, Hypermemo aims to redefine the glass processing industry.

Revonte

Seed Round in 2019
Revonte Ltd. is a Finnish company specializing in the manufacture of drive systems for electronic bicycles. Founded in 2016 and based in Tampere, Revonte's innovative systems feature automatic transmissions, ergonomics, flexible controllers, and high-capacity batteries, all of which can be customized via a mobile application by retailers. The company aims to revolutionize e-bike technology, providing manufacturers with enhanced flexibility and improved after-sale services. Its products support remote diagnostics and over-the-air updates, positioning them firmly in the Internet of Things (IoT) era. By offering advanced mobility solutions, Revonte enables clients to deliver superior e-bikes across various categories.

IPDx

Seed Round in 2018
Unlock the immune system

Think Outside

Venture Round in 2018
Think Outside AS is a technology startup based in Bergen, Norway, specializing in the development of advanced real-time radar equipment for avalanche sensing and outdoor applications. Founded in 2017, the company focuses on producing innovative products that enhance safety in skiing and hydropower sectors. Its flagship product, Sknow, provides skiers with real-time data on snow layers directly beneath their skis, including information on snow depth, layering, density, and snow water equivalent (SWE). By integrating software solutions with its hardware, Think Outside aims to reduce health and safety risks associated with skiing in avalanche-prone areas, enabling users to make informed decisions regarding slope conditions and potential hazards.

Geyser Batteries

Pre Seed Round in 2018
Geyser Batteries Oy is a Finnish company based in Vaasa, established in 2018, that specializes in the development and manufacture of innovative high-power batteries. These batteries are designed to endure millions of charge and discharge cycles, making them suitable for demanding applications in transportation, power grid, and heavy machinery sectors. Utilizing proprietary water-based electrochemistry and patent-pending technology, Geyser Batteries produces environmentally safe, maintenance-free batteries that are fire-resistant and operational in extreme temperatures down to -60°C. Their products focus on fast and efficient charging, as well as reliability and safety, aiming to provide sustainable energy solutions for various industries.

Natufia

Seed Round in 2018
Natufia specializes in indoor garden solutions that enable families to grow their own nutritious plants and herbs in the kitchen. By leveraging advanced technology, the company creates optimal growing conditions by monitoring essential factors such as temperature and humidity. This allows individuals to cultivate a variety of produce in confined spaces, promoting a healthier lifestyle. With a team of experts in technology, architecture, botany, and culinary arts, Natufia provides a holistic approach to food cultivation, allowing users to harvest fresh ingredients for cooking and enhancing their relationship with food.

Cerenion

Seed Round in 2018
Cerenion is a medical device company dedicated to improving the care of patients suffering from brain injuries due to medical emergencies such as strokes, cardiac arrests, and epileptic seizures. The company has developed C-Trend, a patented technology that utilizes artificial intelligence to provide rapid and reliable brain monitoring in hospital emergency and intensive care units. By enabling electroencephalography (EEG) monitoring within minutes, C-Trend enhances patient diagnostics and treatment while also aiming to reduce healthcare costs. The technology simplifies complex EEG data into accessible parameters, facilitating clinical decision-making for medical professionals and ultimately improving patient outcomes in critical care settings.

Chain Antimicrobials

Seed Round in 2017
Chain Antimicrobials Oy specializes in the design and development of antimicrobial-coated catheters aimed at preventing healthcare-associated infections (HAIs). Established in 2017 and located in Oulu, Finland, the company focuses on peptide-coated catheters that specifically target catheter-associated urinary tract infections (CAUTIs). Their innovative approach utilizes peptides derived from crowberry, which have demonstrated effectiveness in resisting various bacterial and fungal species, including E. coli and Candida spp. Through extensive in-vitro testing, Chain Antimicrobials has shown promising results in reducing the risk of infections, thereby enhancing patient safety and outcomes in healthcare settings.

Ladimo

Seed Round in 2017
LaDiMo Oy, founded in 2015 and based in Espoo, Finland, specializes in developing the Ladimo Smarter Vision technology, a real-time 3D point cloud acquisition solution. The company builds upon innovative technology initially created at Aalto University in 2012 by Jorma Palmén. By integrating photogrammetry, laser technology, and mathematical modeling, Ladimo offers a novel approach to generating high-precision point cloud data. This technology is particularly applicable in machine vision fields, including collaborative robots, industrial automation, automated guided vehicles, and various virtual, augmented, and mixed reality applications.

Surgify

Seed Round in 2017
Surgify is engaged in the development of an innovative technology aimed at enhancing bone surgery outcomes. This technology focuses on protecting proximal soft structures during surgical procedures, thereby minimizing the risk of complications such as bleeding, infections, and nerve injuries. By collaborating closely with the Neurosurgical Department of Helsinki University Central Hospital, Surgify ensures that its solutions are informed by the needs of clinicians. The company is currently preparing to commercialize its technology, with support from the Finnish Funding Agency for Innovation. Through its advancements, Surgify aims to reduce patient suffering and improve overall quality of life for individuals undergoing bone surgery.

Valossa

Series A in 2017
Valossa is a Finnish company established in 2015 as a spin-off from a university, specializing in video recognition and content intelligence software. Its platform combines advanced machine learning technologies to analyze video content in a manner similar to human perception. Valossa offers its video recognition software as a SaaS service and as on-premise solutions, allowing businesses to recognize various elements within videos, including people, objects, sounds, and inappropriate content. The platform provides tools for video content profiling, scene-level searching, highlights extraction, and brand monitoring, enhancing productivity and value for clients in the media and entertainment industry. By leveraging deep content analysis, Valossa enables users to automate cognitive tasks such as video clipping and contextual ad inventory identification, thereby improving efficiency in managing video assets.

Popit

Seed Round in 2017
Popit Ltd. is a medical device company based in Espoo, Finland, founded in 2013. The company specializes in designing and manufacturing innovative pill detection devices, notably the Popit Sense, which utilizes advanced technology to automatically track medication intake. This device connects wirelessly to the Popit Sense Application, allowing users to monitor their medication consumption and access statistics regarding their pill usage and history. In addition, Popit offers Popit Connect, a cloud service that analyzes medication adherence to support treatment effectiveness. The platform ensures that healthcare professionals can access real-time data on patients' medication habits, provided that patients consent to share this information.

TVM Media

Seed Round in 2017
TVM Media's mission is to bring innovative solutions to the restaurant, bar, nightclub and hotel industry, empowering owners to serve their customers better and providing exciting and unique in-location experiences. Our first product, TVM Play, puts the power of Digital Marketing directly into the hands of venue owners - enabling them to instantly share information on their products, services, and events with their customers. Our services are based on modern technologies - they are mobile, cloud-powered and deliver amazing experience in HD and better than HD quality.

OptiWatti Oy

Venture Round in 2017
OptiWatti is an energy management system developed by Opti Automation that focuses on optimizing heating and cooling for property owners and utilities. The system is fully automated, analyzing external factors such as temperature, weather forecasts, and electricity prices through a mobile application. This capability allows property owners to achieve savings of up to 40% on heating and cooling costs while ensuring consistent indoor comfort. Additionally, OptiWatti offers advanced solutions for load management, making it beneficial for utilities as well. The system aims to minimize energy consumption and reduce overall costs for its users.

Proximi.io

Venture Round in 2017
Proximi.io develops an indoor positioning platform that provides software developers with unified access to various mobile positioning technologies. The platform allows developers to create location-aware applications quickly by integrating its SDKs for Android and iOS or using a Cordova plugin. By utilizing location data, developers can trigger action flow chains and obtain real-time analytics on user movements within their applications. This capability enables organizations to gain detailed insights into user behavior, thereby enhancing the overall user experience and content delivery. Proximi.io aims to streamline the development process for location-aware applications, making it accessible for developers to deliver context-aware content to their customers efficiently.

Naava

Venture Round in 2017
Naava specializes in developing living green walls technology aimed at improving indoor air quality and enhancing overall well-being. By utilizing bioactive plants, Naava creates environments that purify air, reduce harmful chemicals, and provide natural humidity, making it easier for individuals and businesses to incorporate the benefits of nature into their indoor spaces. The company's innovative solutions address the need for healthier living and working environments, especially as people spend a significant portion of their time indoors, often exposed to synthetic air. Naava's mission is to reconnect people with nature, allowing them to experience the refreshing quality of Nordic forest air, even in urban settings.

Augumenta

Seed Round in 2017
Augumenta, Ltd. specializes in developing interaction solutions for wearable devices, particularly focusing on augmented reality applications. The company's software allows users to control applications and devices through hand gestures, utilizing 3D Time-of-Flight cameras in devices such as Microsoft HoloLens and Android smart glasses. Augumenta offers a toolkit called Infinite Touch, which facilitates gesture interaction and is aimed at developers. The company licenses its products to original equipment manufacturers, integrators, and developers both in Finland and internationally. Headquartered in Oulu, Finland, Augumenta also maintains support hubs in Kyoto, Japan, and Taipei, Taiwan. Founded in 2012, Augumenta aims to enhance operational efficiency and improve safety records for organizations that utilize smart glasses in their operations.

Cleac

Seed Round in 2016
Cleac operates an online music education platform that connects music teachers with students through innovative technology. The platform leverages video communication to facilitate real-time interactions, allowing teachers to provide personalized instruction and guidance. Features such as sheet music annotation, customizable lesson planners, and the ability to record sessions enhance the learning experience, making it more engaging and effective. By providing a streamlined way to share music materials and conduct lessons, Cleac aims to offer a modern and efficient solution for those seeking music education, ultimately bridging the gap between instructors and learners.

KNL Networks (Kyynel)

Series A in 2016
Since day one Kyynel Ltd has focused on advanced high frequency (HF) wireless systems. Working in the field of wireless telecommunication systems, we are utilizing the latest software defined radio and cognitive radio technologies. But we are not just another high tech company making fancy stuff for engineers. We, at Kyynel, would like you to feel the same kind of user experience as the users of the original Kyynel radio did back in the 1940’s. Back then, Kyynel was widely regarded as the most advanced HF-radio of its time – boasting not only top notch tech specs, but also an unparalleled ease of use. Stay tuned for a new revelation of HF-radio

GBuilder

Seed Round in 2016
GBuilder Ltd. is a Finnish company founded in 2012, specializing in Building Information Modeling (BIM) software tailored for developers and construction professionals. The company's platform streamlines the homebuyer's experience by digitizing the entire customer journey, from initial contact and sales to material selection, home configuration, and after-sales support. GBuilder's software provides tools for project and construction management, including options for change requests, dynamic 3D and virtual reality visualizations, defect management, and documentation. By creating digital twins and fostering a common language among all stakeholders, GBuilder enhances communication and collaboration, ultimately improving efficiency, quality, and sustainability throughout the construction process.

Profilence

Pre Seed Round in 2016
Profilence specializes in software test automation, offering a platform that streamlines the testing and analysis of embedded device software. The platform captures comprehensive data, including logs, crash dumps, and memory usage, to facilitate a thorough reliability analysis. This approach helps automation engineers quickly identify and address errors and bugs, reducing the time spent on interpreting test reports and device logs. By enabling timely fixes, Profilence enhances business productivity and optimizes operational efficiency for its clients, ensuring that issues are resolved before they impact end users.

Monidor Oy

Pre Seed Round in 2016
Monidor Oy is a Finnish company based in Oulu, founded in 2015. The company specializes in developing innovative electronic devices, notably its flagship product, Monidrop, which is an automated infusion monitor designed for intravenous infusion therapy. Monidor Oy focuses on enhancing the efficiency and safety of medical treatments through advanced technology.

StealthCase

Pre Seed Round in 2016
StealthCase specializes in developing integrated antenna technologies that provide passive signal bridges to address the challenges of low data rates and dropped calls, particularly in energy-efficient buildings. As modern construction materials, such as aluminum-coated insulators and low-E windows, hinder mobile signals, StealthCase's patented solutions are designed to improve signal reception and ensure reliable mobile connectivity within these environments. By integrating their technology into building walls, StealthCase enables clients to maintain robust indoor connectivity, catering to the increasing demand for wireless communication in contemporary society.

Valossa

Seed Round in 2015
Valossa is a Finnish company established in 2015 as a spin-off from a university, specializing in video recognition and content intelligence software. Its platform combines advanced machine learning technologies to analyze video content in a manner similar to human perception. Valossa offers its video recognition software as a SaaS service and as on-premise solutions, allowing businesses to recognize various elements within videos, including people, objects, sounds, and inappropriate content. The platform provides tools for video content profiling, scene-level searching, highlights extraction, and brand monitoring, enhancing productivity and value for clients in the media and entertainment industry. By leveraging deep content analysis, Valossa enables users to automate cognitive tasks such as video clipping and contextual ad inventory identification, thereby improving efficiency in managing video assets.

SelQee

Seed Round in 2015
SelQee approves only reliable scientific information as a base of product development.their main goal is to simplify and re-organize scientifically proved knowledge, build it in to their applications and bring it to their customers in easy, understandable way.

Fasciawear

Pre Seed Round in 2015
Fasciawear is a patented sportswear innovation that helps maximize workout impact, level up performance, and decrease the risk of sports injuries. It offers athletic apparel that supports, balances, and guides bodies during exercise for better performance and fewer pains and aches.

Foodiac

Seed Round in 2015
Foodiac Oy, established in 2014 and headquartered in Helsinki, Finland, operates as an online marketplace connecting private chefs and high-end catering services with clients. The platform provides a software-as-a-service (SaaS) model that enables chefs and small catering businesses to develop their brands and streamline operations. By facilitating direct interactions between culinary professionals and consumers, Foodiac aims to enhance the dining experience and expand access to gourmet catering options.

Fjuul

Pre Seed Round in 2015
Fjuul is a software development company headquartered in Helsinki, Finland, specializing in innovative mobile health and wellness solutions. Its flagship product is a fitness tracking application that offers a unique metric known as Fjuul Points, which quantifies the intensity of users' daily activities. Unlike traditional step or calorie counters, Fjuul's algorithm translates various physical activities into a metabolic equivalent, providing users with insights on how their movements impact their overall health and fitness. This feedback encourages individuals to adopt healthier habits and better balance their lifestyles. Through its approach, Fjuul aims to enhance users' well-being in their everyday lives.

OptiWatti Oy

Seed Round in 2015
OptiWatti is an energy management system developed by Opti Automation that focuses on optimizing heating and cooling for property owners and utilities. The system is fully automated, analyzing external factors such as temperature, weather forecasts, and electricity prices through a mobile application. This capability allows property owners to achieve savings of up to 40% on heating and cooling costs while ensuring consistent indoor comfort. Additionally, OptiWatti offers advanced solutions for load management, making it beneficial for utilities as well. The system aims to minimize energy consumption and reduce overall costs for its users.

CreateTrips

Seed Round in 2015
CreateTrips is a mobile-based application that functions as a social trip planner, providing travelers and locals with essential travel resources such as guides, maps, reviews, and photos. Founded in January 2013 by Juha-Petteri Kukkonen and Juha-Petteri Kokkonen, the platform allows users to collaboratively plan trips to various destinations, enhancing the travel experience through shared insights and recommendations. The application is available for use on smartphones and tablets, catering to customers in regions including Barbados, Bermuda, Denmark, Estonia, New Zealand, Qatar, and Uganda.

CubiCasa

Seed Round in 2014
CubiCasa is a technology company that specializes in providing solutions for acquiring property interior data. Its platform allows users to scan indoor space layouts and generate detailed floor maps using artificial intelligence and camera technology. The application produces high-resolution images and PDFs of 2D floor layouts that can be edited in vector graphics software. Additionally, it generates fact sheets for properties, enhancing the digitization process for real estate clients. This scalable approach enables efficient indexing, searching, sorting, and understanding of various spaces, thereby streamlining the management of property information.

MoveSole

Seed Round in 2014
MoveSole Oy, founded in 2014 and based in Oulu, Finland, develops smart shoe insoles designed to measure and analyze gait and underfoot pressure in real-time. The insoles are inserted beneath traditional offloading insoles, allowing users to walk naturally while collecting data on weight distribution and gait patterns. This information is transmitted to a mobile application, enabling healthcare professionals to assess the effectiveness of offloading treatments both in clinical settings and daily life. The company was initially established as a technology development project and has since received financing from private investors, including Butterfly Ventures, as well as funding for product development from Tekes. MoveSole's innovative products aim to optimize recovery from leg injuries and enhance the overall effectiveness of patient care.

Augumenta

Seed Round in 2014
Augumenta, Ltd. specializes in developing interaction solutions for wearable devices, particularly focusing on augmented reality applications. The company's software allows users to control applications and devices through hand gestures, utilizing 3D Time-of-Flight cameras in devices such as Microsoft HoloLens and Android smart glasses. Augumenta offers a toolkit called Infinite Touch, which facilitates gesture interaction and is aimed at developers. The company licenses its products to original equipment manufacturers, integrators, and developers both in Finland and internationally. Headquartered in Oulu, Finland, Augumenta also maintains support hubs in Kyoto, Japan, and Taipei, Taiwan. Founded in 2012, Augumenta aims to enhance operational efficiency and improve safety records for organizations that utilize smart glasses in their operations.

Alpakka Media

Seed Round in 2014
Alpakka Media Oy, established in 2007 and based in Oulunsalo, Finland, specializes in creating high-quality TV and internet content for children. The company is known for its 2D animations that reflect a rich cultural experience for young audiences. Alpakka Media produces the "Hertan maailma" concept, which includes a diverse range of content: 52 television animations, two mobile games, 22 online games, as well as books, CDs, DVDs, and various merchandise. By focusing on multichannel content, Alpakka Media aims to provide enjoyable and engaging entertainment for children through its animated series and interactive games.

CadFaster

Venture Round in 2014
CadFaster is a company specializing in collaboration tools for the 3D CAD community, founded in 2009 by individuals with extensive experience in the software industry. The company focuses on developing innovative software solutions that facilitate ultra-fast 3D collaboration in professional applications. One of its key products, MyCadbox, serves as a comprehensive viewer and collaboration tool for 3D CAD, supporting a wide range of formats and delivering exceptional visualization performance. CadFaster's software enables real-time collaboration on detailed models, allowing users to work together seamlessly in a manner similar to cloud-based file-sharing services.

IoLiving

Seed Round in 2014
ioLiving's solution enables continuous measurement of the condition and real-time monitoring of the measurement results through an illustrative user interface. Measurement results can be analyzed and utilized continuously regardless of time and place. ioLiving's solution is cost-effective and enables true knowledge management and more intelligence for your business.

Asmo Solutions

Seed Round in 2014
Improving product quality is also part of the service. They establish a quality management system and manufacture and sell products with high quality technology. It can be said that it is safe and secure because it is commercialized with higher quality than the marketed hair restorer.

Sports Tracking Technologies

Seed Round in 2014
Sports Tracking Technologies Ltd. is a Finnish company established in 2009 that specializes in developing GPS-based fitness applications for mobile devices. Its flagship product, the Sports Tracker app, allows users to monitor and analyze their physical activities, including metrics such as calories burned, distance traveled, and average speed. The application supports various mobile platforms, including iPhone, Android, and Windows phones, making it widely accessible. Users can store their workout data in a personal diary, track their progress over time, and share their achievements with friends through the Sports Tracker community and social media platforms like Facebook and Twitter. With millions of downloads across more than 200 countries, Sports Tracker has emerged as a leading fitness app, catering to the needs of sports enthusiasts seeking to improve their performance and engage with a broader community. As of May 2015, Sports Tracking Technologies operates as a subsidiary of Amer Sports Corp.

KNL Networks (Kyynel)

Seed Round in 2014
Since day one Kyynel Ltd has focused on advanced high frequency (HF) wireless systems. Working in the field of wireless telecommunication systems, we are utilizing the latest software defined radio and cognitive radio technologies. But we are not just another high tech company making fancy stuff for engineers. We, at Kyynel, would like you to feel the same kind of user experience as the users of the original Kyynel radio did back in the 1940’s. Back then, Kyynel was widely regarded as the most advanced HF-radio of its time – boasting not only top notch tech specs, but also an unparalleled ease of use. Stay tuned for a new revelation of HF-radio

Pint Please

Seed Round in 2014
Pint Please is a mobile application designed for beer enthusiasts, offering a platform to discover and track quality beers. The app allows users to keep a record of their favorite brews while providing recommendations for new ones to try. It also features a social aspect, enabling users to share their experiences with friends and connect with other beer lovers in their vicinity. Additionally, Pint Please provides information about nearby pubs and beer shops, along with updates on discounts for beer drinks, enhancing users' knowledge and enjoyment of beer culture.

NaturVention

Venture Round in 2014
NaturVention Enclosed Ecosystem Technologies solves global problems by combining nature and technology. We are a fast growing, venture-backed technology company. We challenge ourselves to find solutions to global problems by looking into nature, from where we have been able to find solutions for thousands of years already. We have developed patented solutions by enhancing nature’s own processes. We use the brightest technology to enhance those processes in order to create products that are easy to use and which help people to feel better by providing clean and healthy air and food.

Sapotech

Seed Round in 2014
Sapotech is an automation machinery manufacturing company that specializes in metallurgical technology for the metal industry. The firm focuses on providing real-time visualization, monitoring, and assessment of manufacturing processes through its innovative products, which include Reveal 360, Reveal Tap, and Reveal Cast. By utilizing advanced image processing and laser technologies, Sapotech enables the inspection of metal production across various temperatures. Their solutions are designed to be compact, easy to maintain, and customizable, allowing for efficient data acquisition and storage. This technology supports metal industries in achieving real-time insights into their production processes, ultimately leading to improved operational efficiency and a quick return on investment. An online inquiry form is available on the company's website for potential clients seeking more information.

Sarokal Test Systems

Seed Round in 2014
Sarokal Test Systems Oy specializes in developing protocol test systems that cater to the verification and validation of ASIC and FPGA technologies across various environments, including simulation, hardware emulation, FPGA prototyping, and post-silicon testing. Based in Oulu, Finland, the company offers a range of products specifically designed for modern radio base stations, including CPRI and OBSAI protocol test systems, which facilitate the verification of radio equipment at specified line bit rates. Additionally, Sarokal provides Ethernet and JESD204B test systems for high-speed interfaces utilized in wireless systems, medical devices, and aviation applications. Their innovative X-STEP™ products enable users, such as chipset vendors and telecom operators, to generate and analyze fronthaul traffic, ensuring interoperability between devices during both development and field testing. Founded in 2013, Sarokal Test Systems also offers consulting services to enhance verification and prototyping efforts across various high-tech industries, including telecommunications and automotive sectors.

ConexBird

Seed Round in 2013
Conexbird Oy is a Finnish company that specializes in marine freight transportation services, leveraging patented technology to enhance operational efficiency within the maritime industry. It provides a container and cargo inspection system that utilizes oscillation technology and sensors at ports to analyze the structural integrity of shipping containers. This innovative approach allows for the efficient collection and dissemination of data to various stakeholders, including cargo owners, insurance companies, harbors, and container depots. By offering these unique services, Conexbird aims to improve cargo handling processes and reduce industrial emissions, contributing to a more efficient and sustainable maritime sector.

CadFaster

Seed Round in 2013
CadFaster is a company specializing in collaboration tools for the 3D CAD community, founded in 2009 by individuals with extensive experience in the software industry. The company focuses on developing innovative software solutions that facilitate ultra-fast 3D collaboration in professional applications. One of its key products, MyCadbox, serves as a comprehensive viewer and collaboration tool for 3D CAD, supporting a wide range of formats and delivering exceptional visualization performance. CadFaster's software enables real-time collaboration on detailed models, allowing users to work together seamlessly in a manner similar to cloud-based file-sharing services.

CreateTrips

Seed Round in 2013
CreateTrips is a mobile-based application that functions as a social trip planner, providing travelers and locals with essential travel resources such as guides, maps, reviews, and photos. Founded in January 2013 by Juha-Petteri Kukkonen and Juha-Petteri Kokkonen, the platform allows users to collaboratively plan trips to various destinations, enhancing the travel experience through shared insights and recommendations. The application is available for use on smartphones and tablets, catering to customers in regions including Barbados, Bermuda, Denmark, Estonia, New Zealand, Qatar, and Uganda.

Laturi Corporation

Seed Round in 2013
Laturi develops tools for businesses who offer corporate fitness services. Our goal is to help people adopt a healthy and active lifestyle. We believe that physical fitness is the foundation upon which a business can build a productive and profitable future. Laturi tools have a solid foundation in the latest science has to offer. To make sure we can offer the best quality products to our customers, we co-operate closely with leading research organizations. This keeps our finger on the pulse and our products reliable and up to date. To the founder of Laturi, Vesa Tornberg, one of the greatest motives for becoming entrepreneur is being able to create a good workplace. ”It’s important to me that everybody at the workplace trust each other and that there’s a good atmosphere. It’s all closely tied to the passion we feel towards our work. To everyone at Laturi being part of helping advance people’s wellness is very important.” Laturi Corporation, an innovator in the wellness business, was founded in Oulu, Finland in 2012. Laturi’s team has more than 60 years of experience in wellness technology and many have previously worked together as a team at Polar Electro.

CaddieON

Seed Round in 2013
CaddieON Inc. specializes in RFID solutions tailored for golf players, instructors, and club managers. The company offers CADDIEON identification tags for golf clubs and a wrist device that tracks each stroke and the clubs used during a game. Additionally, CaddieON provides an application that allows users to choose their course and game, automatically scoring their rounds. The CADDIEON player portal enables users to access player statistics and detailed graphical reports of their performance. Founded in 2012 and based in Oulu, Finland, CaddieON aims to enhance the golfing experience by helping users play smarter and share their results with others.

WhileOnTheMove

Seed Round in 2013
WhileOnTheMove Ltd. specializes in the design, development, and supply of mobile near field communication (NFC) solutions tailored for cities and enterprises worldwide. Established in 2008 and headquartered in Oulu, Finland, the company offers various products, including Daisy for daycares and preschools, Lady Shopper targeting female customers, and Sport Shopper for fitness enthusiasts. These solutions facilitate payment and ticketing processing through mobile technology, enhancing customer engagement and loyalty. With over a decade of experience in mobile solutions development, including four years focused specifically on NFC applications, WhileOnTheMove has built a global network of NFC technology providers and mobile business experts to deliver effective solutions to its clientele.

Fourdeg

Seed Round in 2013
Fourdeg is a company that specializes in heating optimization technology for water radiator systems in buildings. Founded in 2013 and based in Esbo, Finland, it offers solutions that enhance energy efficiency and improve temperature control, leading to significant energy savings and reduced heating costs. The company's advanced algorithms enable adaptive temperature management at a room level, making it suitable for various types of buildings, including residential, commercial, and public structures. Fourdeg's expertise combines over 90 years of experience in consumer and infrastructure business, product development, and energy technology, supported by collaboration with Aalto University. Its systems not only improve indoor comfort but also contribute to lower carbon footprints, with the potential for impact at individual room, building, and city levels.

MyCadbox

Venture Round in 2013
MyCadbox, from Finland’s CadFaster, is an online CAD collaboration site, like a Dropbox for CAD files. Unlike its competitors it largely shuns the Web for native desktop and mobile apps that it says affords it the ability to share and view much larger 3D models and at a higher frame rate than browser-based technologies allow. In the future, however, it has more ambitious plans to add Evernote-style search features to help unlock the huge amount of metadata potentially associated with 3D files.

CadFaster

Venture Round in 2013
CadFaster is a company specializing in collaboration tools for the 3D CAD community, founded in 2009 by individuals with extensive experience in the software industry. The company focuses on developing innovative software solutions that facilitate ultra-fast 3D collaboration in professional applications. One of its key products, MyCadbox, serves as a comprehensive viewer and collaboration tool for 3D CAD, supporting a wide range of formats and delivering exceptional visualization performance. CadFaster's software enables real-time collaboration on detailed models, allowing users to work together seamlessly in a manner similar to cloud-based file-sharing services.

MyPose

Seed Round in 2013
MyPose Ltd. operates a fitting screen technology tailored for fashion retailers, allowing customers to take photos, share them via email or social media, and view their looks in video format. The interactive touch screen enables users to compare various outfits, serving both as a marketing tool and a means to expedite purchasing decisions. Founded in 2012 and based in Oulu, Finland, MyPose also offers a contemporary photographic kiosk designed for various venues such as corporate events, hotels, and amusement parks. This kiosk enhances brand marketing by encouraging users to share branded content in an engaging manner, thereby transforming customers into brand advocates and improving digital advertising for retail businesses.

FilmMe Group

Venture Round in 2013
FilmMe is a developer of an innovative automatic video camera system that enables users to film themselves without the need for a cameraman. The system integrates a video camera with a built-in PC, allowing for installation in various venues, both indoors and outdoors. This technology provides a user-friendly experience, enabling individuals to easily capture and share their videos on social media platforms. FilmMe offers a broad and scalable business model, with the option to purchase additional digital services through a personal wristband. These services include HD video quality and live streaming options, with plans to introduce new products such as FilmMe Event Live in the future.

CadFaster

Seed Round in 2011
CadFaster is a company specializing in collaboration tools for the 3D CAD community, founded in 2009 by individuals with extensive experience in the software industry. The company focuses on developing innovative software solutions that facilitate ultra-fast 3D collaboration in professional applications. One of its key products, MyCadbox, serves as a comprehensive viewer and collaboration tool for 3D CAD, supporting a wide range of formats and delivering exceptional visualization performance. CadFaster's software enables real-time collaboration on detailed models, allowing users to work together seamlessly in a manner similar to cloud-based file-sharing services.

CadFaster

Seed Round in 2010
CadFaster is a company specializing in collaboration tools for the 3D CAD community, founded in 2009 by individuals with extensive experience in the software industry. The company focuses on developing innovative software solutions that facilitate ultra-fast 3D collaboration in professional applications. One of its key products, MyCadbox, serves as a comprehensive viewer and collaboration tool for 3D CAD, supporting a wide range of formats and delivering exceptional visualization performance. CadFaster's software enables real-time collaboration on detailed models, allowing users to work together seamlessly in a manner similar to cloud-based file-sharing services.
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