Nordic Venture Partners (Sweden)

Nordic Venture Partners (Sweden) is a venture capital firm specializing in the Information and Communications Technology sector. Its core objective is to identify and nurture promising young companies, particularly in enterprise software and hardware, communications software and hardware, and internet applications and infrastructure. The firm enhances the value of its portfolio companies by providing essential support and resources in key management areas, including strategic planning, financing, and executive recruitment. With a global perspective, Nordic Venture Partners is committed to achieving high performance through active involvement and international networking, focusing on select ventures that exhibit unique potential for growth.

Jukka Rauhala

General Partner

32 past transactions

ZirooPay

Series A in 2022
ZirooPay offers a mobile card reader that enables small businesses to accept card payments in various environments, including areas with limited or no internet connectivity. The company provides an Android-based retail Point-of-Sale service that utilizes patented technology to securely transmit credit card data without the need for an internet connection. This innovation allows merchants to increase their sales opportunities and enhance customer service by facilitating transactions in remote locations. Additionally, ZirooPay empowers vendors to track their sales and manage their businesses directly from their mobile devices, improving the overall purchasing experience for both merchants and customers.

Bitbar

Series A in 2015
Bitbar, established in 2009 and headquartered in Helsinki, Finland, specializes in cloud-based mobile application testing solutions. It offers services such as automated testing on real Android and iOS devices, codeless test automation, and professional services like systems development, testing, consulting, and training. Bitbar caters to diverse industries including technology, gaming, retail, and finance, with notable clients like Facebook, Rovio, and Google. Its products include Testdroid Cloud, Testdroid Enterprise, Testdroid PrivateCloud, and Testdroid Recorder, aiming to streamline software delivery and reduce testing time.

ZirooPay

Seed Round in 2014
ZirooPay offers a mobile card reader that enables small businesses to accept card payments in various environments, including areas with limited or no internet connectivity. The company provides an Android-based retail Point-of-Sale service that utilizes patented technology to securely transmit credit card data without the need for an internet connection. This innovation allows merchants to increase their sales opportunities and enhance customer service by facilitating transactions in remote locations. Additionally, ZirooPay empowers vendors to track their sales and manage their businesses directly from their mobile devices, improving the overall purchasing experience for both merchants and customers.

PEAR Health Labs

Series B in 2014
PEAR Health Labs is a health and fitness software company that focuses on delivering digital coaching solutions through an interactive platform. It offers dynamic audio and video workouts, providing users with personalized coaching tailored to their individual fitness needs. The platform utilizes a wireless heart rate monitor and foot pod to assess physical responses during workouts, delivering real-time feedback and coaching. This technology enables users to track their workout results daily, promoting a healthier lifestyle and overall well-being. PEAR Health Labs aims to enhance the consumer experience in fitness by combining innovative technology with personalized support.

Nanoradio

Venture Round in 2010
Nanoradio AB, established in 2004 and headquartered in Kista, Sweden, was a fabless semiconductor company specializing in wireless solutions for the cellular handset and consumer electronics markets. It offered a range of products, including multimedia solutions, single chip system in package, wireless LAN products, mobile phone products, and chipsets, along with accompanying software such as diagnostic tools and software development kits. Nanoradio's products were used in various devices like wireless phones, headsets, portable audio devices, handheld computing devices, and mobile gaming platforms. The company operated sales offices in Korea, Japan, and the United States, and functioned as a subsidiary of Wireless Experience AB.

Aepona

Series C in 2010
Aepona Limited is a technology company headquartered in Belfast, United Kingdom, that specializes in providing a platform for business transformation tailored for telecommunications operators and enterprises. Founded in 1995, Aepona enables organizations to leverage their data, connected devices, and infrastructure by creating and monetizing services through managed APIs. Its offerings include an API monetization platform designed for communications service providers, a service creation and orchestration solution that incorporates API management, and a payments and settlement engine that facilitates the implementation of diverse business models. Aepona serves a global customer base across Europe, North America, and Southeast Asia, with additional locations in Bristol, United Kingdom; Colombo, Sri Lanka; and Leixlip, Ireland. The company operates as a subsidiary of Persistent Systems, Inc. as of October 2015.

Nanoradio

Venture Round in 2009
Nanoradio AB, established in 2004 and headquartered in Kista, Sweden, was a fabless semiconductor company specializing in wireless solutions for the cellular handset and consumer electronics markets. It offered a range of products, including multimedia solutions, single chip system in package, wireless LAN products, mobile phone products, and chipsets, along with accompanying software such as diagnostic tools and software development kits. Nanoradio's products were used in various devices like wireless phones, headsets, portable audio devices, handheld computing devices, and mobile gaming platforms. The company operated sales offices in Korea, Japan, and the United States, and functioned as a subsidiary of Wireless Experience AB.

Octoshape

Venture Round in 2009
Octoshape ApS specializes in live and on-demand streaming audio and video technology. Founded in 2003 and based in Copenhagen, Denmark, the company provides a variety of streaming solutions, including live Webcast services for events such as sports matches, musical performances, and award shows. Octoshape also offers hosted radio and television streaming solutions, as well as the OctoSource signal distribution solution, which enables broadcasters to transmit signals via the Internet for diverse events in sports, music, and entertainment. Additionally, the company features Cloudmass, a cloud-based content delivery service that supports global video distribution over the Internet. As of April 2015, Octoshape operates as a subsidiary of Akamai Technologies, Inc.

Jalbum

Series B in 2008
Jalbum AB is a software company based in Stockholm, Sweden, specializing in the creation of online photo albums. Founded in 2002, Jalbum offers users a downloadable software that enables them to create personalized web albums, which can be published on various websites and shared across social media platforms. The software is available for multiple platforms, including WordPress, Android, and iOS. Jalbum also features a community site, jalbum.net, where photography enthusiasts can interact and support each other, contributing to product development and user assistance. The company's primary markets are in Europe and North America, attracting a global audience of photography enthusiasts.

NYX Interactive

Venture Round in 2008
NYX Interactive AB is a developer of software solutions for the e-gaming industry, specializing in digitally distributed gaming entertainment. Founded in 2006 and headquartered in Stockholm, Sweden, with a subsidiary in Malta, the company provides a range of products including the NYX Open Gaming System (OGS), which allows access to game titles across web and mobile platforms through a single integration. Additionally, NYX offers NYX MOVE for handheld devices, NYX Bingo for bingo operations, and the NYX Rapid Platform, designed to integrate gaming products from a variety of suppliers. The company also develops lottery products, scratch cards, and probability games, catering to both private and state-owned lottery operators. NYX Interactive serves a diverse clientele that includes lottery associations, media companies, and gaming enterprises across Europe and internationally. It operates as a subsidiary of Scientific Games Corporation.

Sanako

Venture Round in 2008
Sanako is a provider of technology products and consulting services aimed at the education and corporate sectors, specializing in multimedia language labs. Launched in September 2003, the company emerged from the integration of established brands Tandberg Educational, Teleste, and Divace. Sanako develops language teaching software that facilitates the teaching and learning of languages through tools such as virtual classrooms, virtual meeting rooms, and language labs. These offerings are designed to enhance students' speaking, listening, reading, and writing skills, ultimately enabling them to achieve fluency and improve their oral proficiency in foreign languages.

Nanoradio

Series C in 2007
Nanoradio AB, established in 2004 and headquartered in Kista, Sweden, was a fabless semiconductor company specializing in wireless solutions for the cellular handset and consumer electronics markets. It offered a range of products, including multimedia solutions, single chip system in package, wireless LAN products, mobile phone products, and chipsets, along with accompanying software such as diagnostic tools and software development kits. Nanoradio's products were used in various devices like wireless phones, headsets, portable audio devices, handheld computing devices, and mobile gaming platforms. The company operated sales offices in Korea, Japan, and the United States, and functioned as a subsidiary of Wireless Experience AB.

Information Mosaic

Venture Round in 2007
Information Mosaic is a leading provider of post-trade software services, specializing in the automation of securities processing. The company focuses on enhancing the efficiency of data processing for financial firms, which helps them to avoid missed notifications and deadlines. By delivering comprehensive solutions in risk management and automation, Information Mosaic plays a crucial role in streamlining post-trade operations for its clients in the financial sector.

TraceWorks

Series A in 2007
TraceWorks is a privately-held, Copenhagen, Denmark-based company that distributes Headlight, a Marketing Campaign Management SaaS platform for online advertisers. TraceWorks has been in business since 2002 and the company has been growing from 2 to about 20 talented team members.

Aepona

Series C in 2007
Aepona Limited is a technology company headquartered in Belfast, United Kingdom, that specializes in providing a platform for business transformation tailored for telecommunications operators and enterprises. Founded in 1995, Aepona enables organizations to leverage their data, connected devices, and infrastructure by creating and monetizing services through managed APIs. Its offerings include an API monetization platform designed for communications service providers, a service creation and orchestration solution that incorporates API management, and a payments and settlement engine that facilitates the implementation of diverse business models. Aepona serves a global customer base across Europe, North America, and Southeast Asia, with additional locations in Bristol, United Kingdom; Colombo, Sri Lanka; and Leixlip, Ireland. The company operates as a subsidiary of Persistent Systems, Inc. as of October 2015.

Player X

Series B in 2007
Player X, Ltd. is a mobile media company based in London, United Kingdom, that specializes in the development, publication, and distribution of mobile entertainment content, including casino games and mobile television and video games. Established in 2003, the company operates across Europe, Asia, and the Americas, delivering its offerings through various platforms, including mobile operators and handset manufacturers. In addition to entertainment content, Player X provides content and portal management solutions, which encompass aspects such as content sourcing, integration, partner management, quality assurance, deployment, and promotional management. As of 2009, it functions as a subsidiary of Zed Worldwide, S.A.

Polar Rose

Series A in 2006
Polar Rose, headquartered in Malmo, Sweden, specializes in computer vision technology. It offers a platform that enables users to efficiently sort, search, and share digital photos based on the content, particularly facial recognition.

Xarepo

Series C in 2006
Xarepo, a subsidiary of NetSocket, specializes in providing dynamic service and bandwidth control solutions for IP networks. Established in 2000 and headquartered in Luleå, Sweden, the company focuses on delivering guaranteed quality of service (QoS) for operators across various sectors, including telecommunications, defense, and media broadcasting. Xarepo's product lineup includes the Operax Resource Controller 3300, designed for single service deployments such as IPTV and Video on Demand, and the Operax Resource Controller 5500, which caters to large-scale applications with per session and per subscriber QoS guarantees. Additionally, the Operax Resource Controller 5700 supports complex, multi-application environments, ensuring QoS across IP/MPLS-based metro and core networks. The Operax Command Resource Controller offers proven solutions for end-to-end communication in military networks.

ZYB

Series A in 2006
ZYB is a mobile phone utility and social networking platform that originated in Europe in 2005. The company offers backup and management services for mobile phones, enabling users to easily store and synchronize their contacts and calendars. Leveraging its foundational data, ZYB has developed a social networking feature that incorporates location-based functionalities similar to those found on Twitter. By focusing on the critical role of mobile phones in daily life, ZYB aims to enhance user connectivity and data management in a seamless manner.

Nanoradio

Series B in 2006
Nanoradio AB, established in 2004 and headquartered in Kista, Sweden, was a fabless semiconductor company specializing in wireless solutions for the cellular handset and consumer electronics markets. It offered a range of products, including multimedia solutions, single chip system in package, wireless LAN products, mobile phone products, and chipsets, along with accompanying software such as diagnostic tools and software development kits. Nanoradio's products were used in various devices like wireless phones, headsets, portable audio devices, handheld computing devices, and mobile gaming platforms. The company operated sales offices in Korea, Japan, and the United States, and functioned as a subsidiary of Wireless Experience AB.

Meridea Financial Software

Venture Round in 2006
Meridea Financial Software Oy provides mobile and online self-service software solutions to the financial services industry. It specializes in mobile banking solutions. The company provides 2FA, a software solution that offers authentication for online banking. It also offers online banking solutions for self-service retail banking and investment services. The company has operations in Europe, Asia, and the Americas. Meridea Financial Software Oy was founded in 2001 and is based in Helsinki, Finland. As of August, 2007, Meridea Financial Software Oy filed for bankruptcy.

Terraplay Systems

Venture Round in 2006
Terraplay Systems operates a global gaming network. It enables game publishers and developers, network operators, and service providers to offer games to a global gaming community and deliver gaming services across various channels. The company provides services, which include mobile storefronts, content download, gaming community, in-game payments, and multiplayer; and white label community sites, billing, and community wrappers. It also offers game developer training, support, consultancy, testing, network and handset knowledge, and tools services. The company was founded in 2000 and is based in Solna, Sweden.

Giritech

Series B in 2005
Giritech ApS, founded in 2003 and based in Smørum, Denmark, specializes in software development with a focus on secure online access and IT network security. The company's flagship product, EMCADS, enables secure transmission of data, services, and applications over the Internet. Giritech has established strategic partnerships with notable firms including Intravision, Mainconnect, Nworks, IBM, and Lanzer International ApS, enhancing its capabilities and market reach.

Funcom

Private Equity Round in 2005
Funcom is a video game development company based in Oslo, Norway, with additional offices in the United States, China, Switzerland, and Canada. The company specializes in creating and publishing massively multiplayer online games, including popular titles such as Age of Conan, Anarchy Online, and The Secret World. In addition to its online offerings, Funcom also develops offline games like The Park, Hide and Shriek, Dreamfall, and The Longest Journey. By providing a diverse range of gaming experiences across multiple platforms, Funcom aims to engage players with various genres and live gaming experiences.

Nanoradio

Venture Round in 2005
Nanoradio AB, established in 2004 and headquartered in Kista, Sweden, was a fabless semiconductor company specializing in wireless solutions for the cellular handset and consumer electronics markets. It offered a range of products, including multimedia solutions, single chip system in package, wireless LAN products, mobile phone products, and chipsets, along with accompanying software such as diagnostic tools and software development kits. Nanoradio's products were used in various devices like wireless phones, headsets, portable audio devices, handheld computing devices, and mobile gaming platforms. The company operated sales offices in Korea, Japan, and the United States, and functioned as a subsidiary of Wireless Experience AB.

Nanoradio

Series A in 2005
Nanoradio AB, established in 2004 and headquartered in Kista, Sweden, was a fabless semiconductor company specializing in wireless solutions for the cellular handset and consumer electronics markets. It offered a range of products, including multimedia solutions, single chip system in package, wireless LAN products, mobile phone products, and chipsets, along with accompanying software such as diagnostic tools and software development kits. Nanoradio's products were used in various devices like wireless phones, headsets, portable audio devices, handheld computing devices, and mobile gaming platforms. The company operated sales offices in Korea, Japan, and the United States, and functioned as a subsidiary of Wireless Experience AB.

uNav Microelectronics

Series D in 2004
u-NAV Microelectronics Corporation, a semiconductor company, develops GPS ICs and software solutions for the mobile location-based services market. It offers chipsets for embedded portable applications; RF front-end receivers ICs that convert GPS L1 band signals to digital baseband I/Q outputs; single-chip GPS receivers for navigation and ground track performance; and GPS baseband processors. The company also provides Multi-Mode GPS navigation software, which is used for various GPS functions, such as signal acquisition, tracking, data extraction, and GPS navigation, as well as support tools for product evaluation and customization. It sells its products through distributors and sales representatives in Japan, Korea, Hong Kong, India, Singapore, the United States, and the United Kingdom. The company was founded in 2001 and is headquartered in Irvine, California. As of December 14, 2007, u-NAV Microelectronics Corporation operates as a subsidiary of Atheros Communications Inc.

Terraplay Systems

Venture Round in 2004
Terraplay Systems operates a global gaming network. It enables game publishers and developers, network operators, and service providers to offer games to a global gaming community and deliver gaming services across various channels. The company provides services, which include mobile storefronts, content download, gaming community, in-game payments, and multiplayer; and white label community sites, billing, and community wrappers. It also offers game developer training, support, consultancy, testing, network and handset knowledge, and tools services. The company was founded in 2000 and is based in Solna, Sweden.

Giritech

Series A in 2004
Giritech ApS, founded in 2003 and based in Smørum, Denmark, specializes in software development with a focus on secure online access and IT network security. The company's flagship product, EMCADS, enables secure transmission of data, services, and applications over the Internet. Giritech has established strategic partnerships with notable firms including Intravision, Mainconnect, Nworks, IBM, and Lanzer International ApS, enhancing its capabilities and market reach.

Emic Networks

Series B in 2004
Emic offers solutions that provide availability, scalability and manageability, allowing you to run mission critical applications on low-cost open source platforms. In order to provide high availability, Emic supplies synchronous data replication, hot standby with fail-over, disaster recovery and online maintenance to minimize downtime.

CRF Health

Series D in 2004
CRF Health, headquartered in Plymouth Meeting, Pennsylvania, develops electronic clinical outcome assessment (eCOA) solutions for phase I-IV clinical trials across various therapeutic areas and patient populations, both in the United States and internationally. The company's offerings include Patient Reported Outcomes, Observer Reported Outcomes, and Clinician Reported Outcomes, along with a suite of tools such as TrialMax Touch, TrialMax Slate, and TrialMax Web, which cater to different phases of clinical trials. These tools facilitate data collection through handheld devices, web-based platforms, and site-specific applications. In addition, CRF Health provides services like project management, data management, and patient-facing helpdesk support. The company focuses on studies related to central nervous system disorders, gastrointestinal issues, infectious diseases, pain management, respiratory conditions, and vaccines, serving pharmaceutical and biotechnology clients. Founded in 2000, CRF Health has expanded its presence with locations in the United States, the United Kingdom, Finland, and Romania.

CRF Health

Series C in 2002
CRF Health, headquartered in Plymouth Meeting, Pennsylvania, develops electronic clinical outcome assessment (eCOA) solutions for phase I-IV clinical trials across various therapeutic areas and patient populations, both in the United States and internationally. The company's offerings include Patient Reported Outcomes, Observer Reported Outcomes, and Clinician Reported Outcomes, along with a suite of tools such as TrialMax Touch, TrialMax Slate, and TrialMax Web, which cater to different phases of clinical trials. These tools facilitate data collection through handheld devices, web-based platforms, and site-specific applications. In addition, CRF Health provides services like project management, data management, and patient-facing helpdesk support. The company focuses on studies related to central nervous system disorders, gastrointestinal issues, infectious diseases, pain management, respiratory conditions, and vaccines, serving pharmaceutical and biotechnology clients. Founded in 2000, CRF Health has expanded its presence with locations in the United States, the United Kingdom, Finland, and Romania.
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