Inventure

Inventure is a prominent early-stage venture capital firm based in Helsinki, Finland, with a focus on the Nordic and Baltic regions. Founded in 2005, Inventure specializes in investing in innovative and rapidly growing companies led by exceptional entrepreneurs across various sectors, including technology, software, and digital services. The firm typically makes initial investments ranging from 100,000 euros to 10 million euros throughout the lifecycle of a company. With a team comprising experienced entrepreneurs and industry experts, Inventure is dedicated to supporting startups in their journey to achieve global success. The firm operates not only in Helsinki but also in Stockholm and Shanghai, emphasizing its commitment to fostering growth in the startup ecosystem.

Adrian Arnsvik Bjurefalk

Investment Manager

Linus Dahg

Managing Partner

Ekaterina Gianelli

Venture Partner

Lauri Kokkila

Partner

Tuomas Kosonen

Partner

Sami Lampinen

Partner

Rebecka Löthman Rydå

Investment Director

Tatiana Shalalvand

Investor

Timo Tirkkonen

Co-Founder and Partner

126 past transactions

Jobbatical

Series A in 2022
Jobbatical OÜ is an Estonian company founded in 2014 that specializes in connecting professionals with short-term employment opportunities across the globe. The platform caters to a diverse range of talent, including developers, graphic designers, and marketers, who are looking for work-and-travel experiences in new locations. By facilitating short-term contracts, Jobbatical helps employers fill temporary positions while also offering comprehensive immigration and relocation services that streamline the visa process. This integration of technology aims to enhance labor mobility, enabling companies to efficiently relocate international employees and address talent shortages in a cost-effective manner.

Medoma

Seed Round in 2022
Medtech, Healthtech

Starcart

Seed Round in 2022
Starcart is an online shopping platform established in 2021 that provides a diverse selection of consumer products, including electronics and gaming items. The website allows customers to compare prices across various retailers, enabling them to make informed purchasing decisions. By consolidating multiple stores into a single shopping cart, Starcart streamlines the shopping experience, making it easier for users to find and buy the products they desire.

anotherblock

Seed Round in 2022
Anotherblock provides a blockchain-based platform to decentralize music rights connecting non-fungible tokens to royalty rights.

Lassie

Series A in 2022
Lassie is the first proactive and preventive pet insurance company that wants to help pet owners take better care of their pets

ONEiO

Seed Round in 2022
ONEiO, developed by Service-Flow Oy, is a cloud-based software solution designed to streamline digital transformation by integrating various processes and platforms into a cohesive system. This innovative platform provides an online integration service that connects information technology service management (ITSM) tools, allowing users to maintain existing tools while independently enhancing their processes. ONEiO facilitates seamless integration with suppliers, vendors, and other essential functions, making it easier for organizations to digitalize their service processes. Founded in 2011 and headquartered in Helsinki, Finland, Service-Flow also has a presence in London, offering a subscription-based service that enables companies to connect, configure, and run their operations efficiently within a single day.

Material Exchange

Series A in 2022
Material Exchange Ventures AB operates an online SaaS platform designed to streamline the supply chain for brands, material suppliers, and manufacturers. Founded in 2017 and based in Stockholm, Sweden, the platform enables users to efficiently find and connect with the right materials and suppliers. It offers advanced digital visualization technology and filtering capabilities, allowing designers, product developers, and material vendors to collaborate and organize raw materials in a secure environment. This innovative approach replaces traditional methods that require extensive manual searching through sample books, thereby enhancing communication and automating data input between material suppliers and manufacturers. By facilitating these connections, Material Exchange fosters a more efficient and effective materials sourcing process.

ZirooPay

Series A in 2022
ZirooPay, a product of IroFit Technologies Oy, offers a mobile credit card solution designed to facilitate money transfer and payment processing for small businesses. Founded in 2014 and headquartered in Kuopio, Finland, the company has developed a cloud-based payment platform that allows merchants to accept card payments in various environments, including areas with limited or no internet connectivity. This innovation not only enhances sales potential for businesses but also improves the purchasing experience for customers in underserved regions. By focusing on connectivity and operational efficiency, ZirooPay aims to serve a broad demographic, ensuring that even those in challenging locations can engage in secure and convenient transactions.

Haltian

Venture Round in 2022
Haltian Oy, founded in 2012 by former Nokia employees and based in Oulu, Finland, specializes in product development and commercial Internet of Things (IoT) solutions. The company designs and develops a range of products, including imaging devices, IoT devices, mobile devices, wearables, sensors, and gateways. Haltian also offers a cloud server System-as-a-Service for smart spaces, enabling businesses to harness data for informed decision-making. With a team of over 70 experienced engineers, the company focuses on creating innovative solutions that facilitate the flexible expansion of digital business. Its offerings aim to enhance productivity, safety, employee satisfaction, and customer experience for clients in the consumer electronics and telecommunications sectors.

Anyday

Seed Round in 2022
Full-service Payment Gateway for Ecommerce

Yeply

Seed Round in 2022
Yeply Mobile Bike Service is a start-up that specializes in bicycle maintenance. Yeply’s ideology is that bicycle maintenance should be an easy, quick, and effortless experience for the customer. It believes that every bike is worth caring for and they value every cyclist equally - cycling belongs to everyone. It was founded in 2016 and is headquartered in Helsinki, Finland.

Swappie

Series C in 2022
Swappie.com is a safe and secure online store for refurbished smartphones where you can order affordable smartphones directly from our store, which have been tested and refurbished using the newest technology. Swappie refurbishes iPhones to the highest standards using the latest technology and reduces environmental waste. The company operates its own refurbishment factory in the Nordics and sells directly to consumers via its online store. All devices are fully inspected by Swappie’s professional technicians and every phone sold comes with a 12-month Swappie Warranty™.

Elsa

Seed Round in 2021
Elsa Science AB, founded in 2017 and based in Stockholm, Sweden, operates a digital health platform focused on rheumatoid arthritis. The company empowers patients to take an active role in their healthcare by providing tools that facilitate personal research into their condition. Through its application, users can monitor symptoms, diet, and lifestyle factors, gaining insights into how these elements influence their disease activity. Elsa collaborates with the Riskminder foundation and scientific studies at Karolinska Institutet to deliver reliable data and research findings. By enabling patients to track their responses to medications and overall health status, Elsa supports healthcare professionals in managing chronic diseases more effectively, improving treatment personalization and proactive care.

Lassie

Seed Round in 2021
Lassie is the first proactive and preventive pet insurance company that wants to help pet owners take better care of their pets

Whatagraph

Series A in 2021
Whatagraph is a marketing analytics visualization and automation platform designed to streamline the collection, visualization, and delivery of marketing data for agencies and teams. The platform allows users to blend data from various channels, accounts, and campaigns, providing a comprehensive overview of performance. Its features include automated report delivery, integration with Google Sheets and public APIs for custom data imports, and white-label options that enable personalized report branding with custom colors, logos, and domains. Whatagraph also offers ready-to-use templates for quick report creation and facilitates real-time collaboration among team members. By simplifying the process of transforming complex analytics into visually appealing infographic reports, Whatagraph helps marketing professionals save time and enhance their reporting capabilities.

Stravito

Series A in 2021
Stravito AB is a Stockholm-based company founded in 2017 that specializes in developing software solutions for competitive intelligence tailored to consumer packaged goods (CPG) companies. The company’s innovative software tool enables employees in the consumer goods sector to efficiently locate and share essential market information and data. Stravito aims to create a user-friendly experience akin to modern consumer applications, utilizing advanced artificial intelligence to enhance the search and retrieval of market knowledge. By positioning itself as a pioneer in the Knowledge Tech sector, Stravito seeks to transform traditional work practices within the CPG industry and build a diverse team that fosters fresh perspectives and collaborative learning.

Noquo Foods AB

Series A in 2021
Noquo Foods AB, founded in 2019 and based in Stockholm, Sweden, specializes in developing plant-based food alternatives, particularly plant-based cheeses. The company aims to create cheese products that not only excel in taste and nutrition but also utilize the planet's resources responsibly. Noquo Foods seeks to make its products accessible to a wide audience while striving to become a preferred choice among chefs and restaurants.

Hopsworks

Series A in 2021
Logical Clocks AB develops and provides a data platform. The company offers Hops Enterprise Services using deep learning, stream processing, and SQL on hops. It also provides Hopsworks Enterprise, an on-premise data management and data science platform; plans and pricing solution; and ROI calculator using deeplearning11 GPU server; and data scientist ROI calculator. The company was founded in 2016 and is headquartered in Stockholm, Sweden.

Insurello

Venture Round in 2021
Insurello AB is a Stockholm-based company that has developed an online platform designed to assist customers in navigating the complexities of insurance claims and settlements. Founded in 2016, Insurello's platform offers comprehensive analysis and management of insurance compensation related to accidents, healthcare, damages, and medical disabilities. The company acts as an intermediary, facilitating communication and processes between clients and insurance providers. In return for its services, Insurello retains 25 percent of any insurance benefits obtained for its clients, making it a valuable resource for individuals seeking to maximize their insurance claims.

Solsten

Series A in 2021
12traits is the missing piece to understanding human behavior in digital environments.

Nordigen

Seed Round in 2021
SIA Nordigen Solutions, established in 2016 and headquartered in Riga, Latvia, specializes in developing application programming interfaces (APIs) for transaction categorization and credit assessment. The company aims to revolutionize the credit evaluation process by enabling banks and alternative lenders to leverage bank account data in their credit decisions. Operating in over 12 countries, Nordigen provides transaction-based analytics solutions that focus on income verification, affordability checks, and the identification of risk-critical behaviors for credit scoring. Its core offerings include transaction categorization and behavioral scoring engines, which are available for both cloud and on-premise deployment.

Howspace

Series A in 2021
Howspace Oy is a Finnish company that offers a digital facilitation platform aimed at enhancing organizational development initiatives. Founded in 2007 and based in Jyväskylä, Howspace enables consultants and organizational development professionals to implement effective change programs, learning activities, and workshops. The platform is designed to be adaptable, allowing users to create customized workspaces that align with their established processes. Features include the ability to manage participant access, modify workspace appearances, rearrange content, and add new elements as needed. By leveraging technology, Howspace supports virtual, in-person, and hybrid workshops, fostering productivity and peer-to-peer learning within organizations.

Noie

Series A in 2021
Nøie is customised skincare based on individual skin profiles, scientifically proven ingredients, and shared knowledge within a community united by similar issues. Our algorithms harness the power of the crowd to help the individual.

Abzu

Seed Round in 2021
Abzu ApS is a pioneering startup focused on developing a platform for artificial general intelligence (AGI). Established in 2018 and headquartered in Lyngby, Denmark, with additional offices in Barcelona, Spain, and Falkenstein, Germany, Abzu aims to challenge traditional assumptions in AI by simulating self-organizing systems. The company utilizes machine learning technology inspired by quantum mechanics and neural networks to create transparent and trustworthy AI models. Their innovative approach, known as Recombination Learning, enables the development of easy-to-interpret models within their proprietary QLattice, facilitating shareable insights. Abzu's platform is designed to assist pharmaceutical and biotech companies by uncovering new disease mechanisms, discovering novel biomarkers, and improving drug design, ultimately accelerating the drug development process and reducing research costs.

Zaver

Venture Round in 2021
Zaver is a fintech that has built a payments platform to facilitate peer-to-peer trades and more

Scoro

Series B in 2021
Scoro Software Limited specializes in developing comprehensive business management software tailored for creative and professional services. Founded in 2013 and based in London, the company offers a range of solutions that include project management, work scheduling, financial management, customer relationship management, and reporting tools. Scoro's platform aims to streamline workflows and eliminate routine tasks, helping businesses operate more efficiently from sales to billing. By consolidating planning, resource management, and project delivery into a unified system, Scoro provides users with a clear view of their operations and enhances transparency across teams and clients. This integration allows organizations to gain valuable insights into projected revenue and better understand their financial health.

Omeda Studios

Seed Round in 2021
Developer of an entertainment software designed to provide third-person action games. The company's platform provides multiplayer games and an online battle arena, enabling users with an interactive gaming experience.

CodeScene

Seed Round in 2021
Code Sceneis a powerful visualization tool that uses Predictive Analytics to find social patterns and hidden risks in your code.

Material Exchange

Venture Round in 2020
Material Exchange Ventures AB operates an online SaaS platform designed to streamline the supply chain for brands, material suppliers, and manufacturers. Founded in 2017 and based in Stockholm, Sweden, the platform enables users to efficiently find and connect with the right materials and suppliers. It offers advanced digital visualization technology and filtering capabilities, allowing designers, product developers, and material vendors to collaborate and organize raw materials in a secure environment. This innovative approach replaces traditional methods that require extensive manual searching through sample books, thereby enhancing communication and automating data input between material suppliers and manufacturers. By facilitating these connections, Material Exchange fosters a more efficient and effective materials sourcing process.

Insurello

Venture Round in 2020
Insurello AB is a Stockholm-based company that has developed an online platform designed to assist customers in navigating the complexities of insurance claims and settlements. Founded in 2016, Insurello's platform offers comprehensive analysis and management of insurance compensation related to accidents, healthcare, damages, and medical disabilities. The company acts as an intermediary, facilitating communication and processes between clients and insurance providers. In return for its services, Insurello retains 25 percent of any insurance benefits obtained for its clients, making it a valuable resource for individuals seeking to maximize their insurance claims.

Swappie

Series B in 2020
Swappie.com is a safe and secure online store for refurbished smartphones where you can order affordable smartphones directly from our store, which have been tested and refurbished using the newest technology. Swappie refurbishes iPhones to the highest standards using the latest technology and reduces environmental waste. The company operates its own refurbishment factory in the Nordics and sells directly to consumers via its online store. All devices are fully inspected by Swappie’s professional technicians and every phone sold comes with a 12-month Swappie Warranty™.

Omocom

Seed Round in 2020
Omocom offers safe, simple and secure insurance for all kind of renting, sharing and re-using, digitally, automated and integrated into the sales flow of the platform

Leetify

Seed Round in 2020
Leetify AB develops an AI coaching platform for gamers. Its AI coaching platform automatically analyses the matches that gamers play, identifies weaknesses, personalizes practices, and tracks progress. The company was founded in 2019 and is based in Stockholm, Sweden.

Valuebeat

Seed Round in 2020
Platypus is the HR tech solution that helps you discover what people value at every stage of the talent lifecycle, from attraction to management to retention.

Haltian

Venture Round in 2020
Haltian Oy, founded in 2012 by former Nokia employees and based in Oulu, Finland, specializes in product development and commercial Internet of Things (IoT) solutions. The company designs and develops a range of products, including imaging devices, IoT devices, mobile devices, wearables, sensors, and gateways. Haltian also offers a cloud server System-as-a-Service for smart spaces, enabling businesses to harness data for informed decision-making. With a team of over 70 experienced engineers, the company focuses on creating innovative solutions that facilitate the flexible expansion of digital business. Its offerings aim to enhance productivity, safety, employee satisfaction, and customer experience for clients in the consumer electronics and telecommunications sectors.

Whatagraph

Seed Round in 2020
Whatagraph is a marketing analytics visualization and automation platform designed to streamline the collection, visualization, and delivery of marketing data for agencies and teams. The platform allows users to blend data from various channels, accounts, and campaigns, providing a comprehensive overview of performance. Its features include automated report delivery, integration with Google Sheets and public APIs for custom data imports, and white-label options that enable personalized report branding with custom colors, logos, and domains. Whatagraph also offers ready-to-use templates for quick report creation and facilitates real-time collaboration among team members. By simplifying the process of transforming complex analytics into visually appealing infographic reports, Whatagraph helps marketing professionals save time and enhance their reporting capabilities.

Noquo Foods AB

Seed Round in 2020
Noquo Foods AB, founded in 2019 and based in Stockholm, Sweden, specializes in developing plant-based food alternatives, particularly plant-based cheeses. The company aims to create cheese products that not only excel in taste and nutrition but also utilize the planet's resources responsibly. Noquo Foods seeks to make its products accessible to a wide audience while striving to become a preferred choice among chefs and restaurants.

UpCloud

Series B in 2020
UpCloud Ltd is a cloud hosting company based in Helsinki, Finland, that specializes in infrastructure-as-a-service for business-critical applications. Founded in 2011, UpCloud operates high-performance cloud servers built on enterprise-grade hardware, ensuring extreme redundancy and a 100% service level agreement (SLA). The company has data centers located in London, Chicago, Frankfurt, and Helsinki, which allows for flexible cloud connectivity through its software-defined networking (SDN) services. UpCloud is known for its competitive pricing, making it one of the more affordable options in Europe. Its user-friendly control panel and mobile applications for iOS and Android enable administrators to efficiently monitor and manage their servers from anywhere. With a focus on providing the fastest cloud servers, UpCloud supports clients in running critical web applications effectively on its robust cloud platform.

Elsa

Seed Round in 2020
Elsa Science AB, founded in 2017 and based in Stockholm, Sweden, operates a digital health platform focused on rheumatoid arthritis. The company empowers patients to take an active role in their healthcare by providing tools that facilitate personal research into their condition. Through its application, users can monitor symptoms, diet, and lifestyle factors, gaining insights into how these elements influence their disease activity. Elsa collaborates with the Riskminder foundation and scientific studies at Karolinska Institutet to deliver reliable data and research findings. By enabling patients to track their responses to medications and overall health status, Elsa supports healthcare professionals in managing chronic diseases more effectively, improving treatment personalization and proactive care.

Detectify

Series B in 2019
Detectify offers a SaaS-based tool for security analysis of web applications. Detectify is a service where website owners and developers can enter the domain name of a website and let Detectify analyze its security level by applying a broad range of emulated hacker attacks. Detectify then provides the owner with an easy to understand report that describes the identified vulnerabilities and their potential risk in the hands of malicious hackers.

Klevu

Series A in 2019
Klevu Oy is a Finnish company that provides a cloud-based search solution designed for online retailers. Established in 2013 and based in Helsinki, Klevu's platform enhances the online shopping experience by improving search functionality through features like deep natural language processing, auto-correction, and synonym recognition. It enables merchants to increase search-led conversions by connecting shoppers with relevant products more effectively. Klevu's self-learning capabilities allow the search engine to adapt and improve over time, offering actionable insights into customer behavior and simplifying catalog management. This platform aims to help e-commerce businesses transform visitors into customers by optimizing their search experience and providing efficient solutions for enhancing online sales.

Material Exchange

Seed Round in 2019
Material Exchange Ventures AB operates an online SaaS platform designed to streamline the supply chain for brands, material suppliers, and manufacturers. Founded in 2017 and based in Stockholm, Sweden, the platform enables users to efficiently find and connect with the right materials and suppliers. It offers advanced digital visualization technology and filtering capabilities, allowing designers, product developers, and material vendors to collaborate and organize raw materials in a secure environment. This innovative approach replaces traditional methods that require extensive manual searching through sample books, thereby enhancing communication and automating data input between material suppliers and manufacturers. By facilitating these connections, Material Exchange fosters a more efficient and effective materials sourcing process.

Mojo

Seed Round in 2019
We are experts in tech, working alongside experts in fertility. These partnerships have fostered a vision of democratising fertility care for the future. We believe that everyone should have access to reliable and affordable fertility care.

Zaver

Venture Round in 2019
Zaver is a fintech that has built a payments platform to facilitate peer-to-peer trades and more

Commsignia

Series A in 2019
Commsignia Ltd. researches, develops, manufactures, and distributes cooperative intelligent transportation systems. It offers vehicle-to-vehicle and vehicle-to-infrastructure communication technologies; and various connected car solutions; Commsignia V2X Software Stack, an embedded solution that provides a modular framework and small footprint for various resource-constrained target platforms. The company was founded in 2012 and is based in Budapest, Hungary.

Abzu

Seed Round in 2019
Abzu ApS is a pioneering startup focused on developing a platform for artificial general intelligence (AGI). Established in 2018 and headquartered in Lyngby, Denmark, with additional offices in Barcelona, Spain, and Falkenstein, Germany, Abzu aims to challenge traditional assumptions in AI by simulating self-organizing systems. The company utilizes machine learning technology inspired by quantum mechanics and neural networks to create transparent and trustworthy AI models. Their innovative approach, known as Recombination Learning, enables the development of easy-to-interpret models within their proprietary QLattice, facilitating shareable insights. Abzu's platform is designed to assist pharmaceutical and biotech companies by uncovering new disease mechanisms, discovering novel biomarkers, and improving drug design, ultimately accelerating the drug development process and reducing research costs.

Swappie

Series A in 2019
Swappie.com is a safe and secure online store for refurbished smartphones where you can order affordable smartphones directly from our store, which have been tested and refurbished using the newest technology. Swappie refurbishes iPhones to the highest standards using the latest technology and reduces environmental waste. The company operates its own refurbishment factory in the Nordics and sells directly to consumers via its online store. All devices are fully inspected by Swappie’s professional technicians and every phone sold comes with a 12-month Swappie Warranty™.

Wirepas

Series B in 2019
Wirepas Ltd. specializes in wireless communication solutions designed for the Internet of Things (IoT). Founded in 2010 and based in Tampere, Finland, the company has developed Pino, a unique multi-hop mesh network solution. This innovative connectivity option provides deterministic performance, local radio adaptability, and high reliability, addressing key challenges faced by IoT platforms. Wirepas supports its clients throughout the entire process, from design to product delivery, offering pre-integrated and tested reference implementations along with a comprehensive suite of support tools. The company's vision is to empower customers to achieve profitable large-scale operations in the rapidly growing IoT market.

Omocom

Pre Seed Round in 2019
Omocom offers safe, simple and secure insurance for all kind of renting, sharing and re-using, digitally, automated and integrated into the sales flow of the platform

Stravito

Seed Round in 2019
Stravito AB is a Stockholm-based company founded in 2017 that specializes in developing software solutions for competitive intelligence tailored to consumer packaged goods (CPG) companies. The company’s innovative software tool enables employees in the consumer goods sector to efficiently locate and share essential market information and data. Stravito aims to create a user-friendly experience akin to modern consumer applications, utilizing advanced artificial intelligence to enhance the search and retrieval of market knowledge. By positioning itself as a pioneer in the Knowledge Tech sector, Stravito seeks to transform traditional work practices within the CPG industry and build a diverse team that fosters fresh perspectives and collaborative learning.

Zaver

Seed Round in 2019
Zaver is a fintech that has built a payments platform to facilitate peer-to-peer trades and more

DrugStars

Venture Round in 2019
DrugStars Aps, founded in 2017 and based in Ballerup, Denmark, operates an internet platform designed to enhance medication adherence among patients. The company offers a mobile medicine tracker application that allows users to manage, remember, and track their medication intake while providing educational resources about their prescriptions. A distinctive feature of the app is its reward system, where patients can earn charitable donations to a health charity of their choice as an incentive for adhering to their medication regimen. This approach not only aims to improve the daily lives of patients but also fosters support for health charities at no cost to the users.

Comptek Solutions

Seed Round in 2018
Comptek Solutions Oy, founded in 2017 and based in Turku, Finland, specializes in developing advanced surface engineering technology known as Kontrox. This quantum-level process addresses critical issues related to oxidation that have historically hindered the performance and cost-efficiency of compound semiconductor devices, such as lasers and micro LED (uLED) technologies. Kontrox technology enhances device performance significantly, reportedly increasing uLED efficiency by 250% while reducing power consumption by up to 90 times. The technology is versatile, applicable across various fields, including CMOS processor manufacturing, radio frequency, optoelectronics, and power electronics. Comptek Solutions has been recognized for its innovative contributions, receiving a grant under the EU's Horizon2020 program and being shortlisted as a top science-based spinoff in the inaugural Spinoff Prize competition organized by Nature Research.

Haltian

Venture Round in 2018
Haltian Oy, founded in 2012 by former Nokia employees and based in Oulu, Finland, specializes in product development and commercial Internet of Things (IoT) solutions. The company designs and develops a range of products, including imaging devices, IoT devices, mobile devices, wearables, sensors, and gateways. Haltian also offers a cloud server System-as-a-Service for smart spaces, enabling businesses to harness data for informed decision-making. With a team of over 70 experienced engineers, the company focuses on creating innovative solutions that facilitate the flexible expansion of digital business. Its offerings aim to enhance productivity, safety, employee satisfaction, and customer experience for clients in the consumer electronics and telecommunications sectors.

Hopsworks

Seed Round in 2018
Logical Clocks AB develops and provides a data platform. The company offers Hops Enterprise Services using deep learning, stream processing, and SQL on hops. It also provides Hopsworks Enterprise, an on-premise data management and data science platform; plans and pricing solution; and ROI calculator using deeplearning11 GPU server; and data scientist ROI calculator. The company was founded in 2016 and is headquartered in Stockholm, Sweden.

Elsa

Seed Round in 2018
Elsa Science AB, founded in 2017 and based in Stockholm, Sweden, operates a digital health platform focused on rheumatoid arthritis. The company empowers patients to take an active role in their healthcare by providing tools that facilitate personal research into their condition. Through its application, users can monitor symptoms, diet, and lifestyle factors, gaining insights into how these elements influence their disease activity. Elsa collaborates with the Riskminder foundation and scientific studies at Karolinska Institutet to deliver reliable data and research findings. By enabling patients to track their responses to medications and overall health status, Elsa supports healthcare professionals in managing chronic diseases more effectively, improving treatment personalization and proactive care.

Nordigen

Seed Round in 2018
SIA Nordigen Solutions, established in 2016 and headquartered in Riga, Latvia, specializes in developing application programming interfaces (APIs) for transaction categorization and credit assessment. The company aims to revolutionize the credit evaluation process by enabling banks and alternative lenders to leverage bank account data in their credit decisions. Operating in over 12 countries, Nordigen provides transaction-based analytics solutions that focus on income verification, affordability checks, and the identification of risk-critical behaviors for credit scoring. Its core offerings include transaction categorization and behavioral scoring engines, which are available for both cloud and on-premise deployment.

ONEiO

Venture Round in 2018
ONEiO, developed by Service-Flow Oy, is a cloud-based software solution designed to streamline digital transformation by integrating various processes and platforms into a cohesive system. This innovative platform provides an online integration service that connects information technology service management (ITSM) tools, allowing users to maintain existing tools while independently enhancing their processes. ONEiO facilitates seamless integration with suppliers, vendors, and other essential functions, making it easier for organizations to digitalize their service processes. Founded in 2011 and headquartered in Helsinki, Finland, Service-Flow also has a presence in London, offering a subscription-based service that enables companies to connect, configure, and run their operations efficiently within a single day.

OME Health

Seed Round in 2018
Developer of a health coaching platform designed to offer personalized nutrition regimes for a healthy life. The company's platform offers direct-to-consumer personalized wellness programs that include genetic, gut microbiome, and blood testing, an online health assessment, and a complimentary fitness tracker, enabling individuals to achieve their health and wellness goals.

Stravito

Seed Round in 2018
Stravito AB is a Stockholm-based company founded in 2017 that specializes in developing software solutions for competitive intelligence tailored to consumer packaged goods (CPG) companies. The company’s innovative software tool enables employees in the consumer goods sector to efficiently locate and share essential market information and data. Stravito aims to create a user-friendly experience akin to modern consumer applications, utilizing advanced artificial intelligence to enhance the search and retrieval of market knowledge. By positioning itself as a pioneer in the Knowledge Tech sector, Stravito seeks to transform traditional work practices within the CPG industry and build a diverse team that fosters fresh perspectives and collaborative learning.

Detectify

Series A in 2018
Detectify offers a SaaS-based tool for security analysis of web applications. Detectify is a service where website owners and developers can enter the domain name of a website and let Detectify analyze its security level by applying a broad range of emulated hacker attacks. Detectify then provides the owner with an easy to understand report that describes the identified vulnerabilities and their potential risk in the hands of malicious hackers.

ThirdPresence

Seed Round in 2018
Thirdpresence creates the best in-app brand environment and user experience for video advertising. Match your branding objectives with a large-scale video audience and get results. The company has offices in Helsinki, New York, and London, and it's venture-backed by institutional and angel investors.

AImotive

Series C in 2018
AImotive Informatikai Kft. specializes in artificial intelligence-driven self-driving technology designed for human drivers. Founded in 2015 and based in Budapest, Hungary, the company leverages camera-based solutions that replicate human visual capabilities. AImotive offers a suite of products, including aiDrive, which provides global self-driving functionalities across various weather conditions, and aiSim, which enables developers to test self-driving software effectively. Additionally, their aiWare product consists of AI-optimized hardware that is scalable for both embedded solutions and data centers. By combining expertise in artificial intelligence, sensor fusion, and 3D graphics, AImotive aims to support industry partners in achieving their autonomous driving objectives, fostering collaboration with its modular and hardware-agnostic solutions.

Comptek Solutions

Seed Round in 2017
Comptek Solutions Oy, founded in 2017 and based in Turku, Finland, specializes in developing advanced surface engineering technology known as Kontrox. This quantum-level process addresses critical issues related to oxidation that have historically hindered the performance and cost-efficiency of compound semiconductor devices, such as lasers and micro LED (uLED) technologies. Kontrox technology enhances device performance significantly, reportedly increasing uLED efficiency by 250% while reducing power consumption by up to 90 times. The technology is versatile, applicable across various fields, including CMOS processor manufacturing, radio frequency, optoelectronics, and power electronics. Comptek Solutions has been recognized for its innovative contributions, receiving a grant under the EU's Horizon2020 program and being shortlisted as a top science-based spinoff in the inaugural Spinoff Prize competition organized by Nature Research.

Blueprint Genetics

Series A in 2017
Blueprint Genetics Oy, founded in 2012 and based in Helsinki, Finland, specializes in clinical genetics testing with a focus on rare diseases. The company utilizes advanced Next-Generation Sequencing (NGS) technologies, including its proprietary OS-Seq™ method developed at Stanford University, to deliver high-quality genetic diagnostics. Targeting hospitals and research groups, Blueprint Genetics offers a range of services, including tailored sequencing projects and bioinformatics platforms designed to meet specific needs. The company aims to disrupt the genetic diagnostics market by reducing costs while enhancing quality and providing clinical insights in its results. Its product offerings currently include diagnostics for various hereditary conditions, particularly those affecting the cardiovascular system, such as cardiomyopathies, arrhythmias, and aortic diseases. Blueprint Genetics also operates an office in Los Angeles, California, and functions as a subsidiary of Quest Diagnostics Incorporated.

Vizor.io

Seed Round in 2017
Vizor is an online platform that lets its users explore, create, and publish virtual reality on the web.

Detectify

Venture Round in 2017
Detectify offers a SaaS-based tool for security analysis of web applications. Detectify is a service where website owners and developers can enter the domain name of a website and let Detectify analyze its security level by applying a broad range of emulated hacker attacks. Detectify then provides the owner with an easy to understand report that describes the identified vulnerabilities and their potential risk in the hands of malicious hackers.

Blueprint Genetics

Venture Round in 2016
Blueprint Genetics Oy, founded in 2012 and based in Helsinki, Finland, specializes in clinical genetics testing with a focus on rare diseases. The company utilizes advanced Next-Generation Sequencing (NGS) technologies, including its proprietary OS-Seq™ method developed at Stanford University, to deliver high-quality genetic diagnostics. Targeting hospitals and research groups, Blueprint Genetics offers a range of services, including tailored sequencing projects and bioinformatics platforms designed to meet specific needs. The company aims to disrupt the genetic diagnostics market by reducing costs while enhancing quality and providing clinical insights in its results. Its product offerings currently include diagnostics for various hereditary conditions, particularly those affecting the cardiovascular system, such as cardiomyopathies, arrhythmias, and aortic diseases. Blueprint Genetics also operates an office in Los Angeles, California, and functions as a subsidiary of Quest Diagnostics Incorporated.

UpCloud

Series A in 2016
UpCloud Ltd is a cloud hosting company based in Helsinki, Finland, that specializes in infrastructure-as-a-service for business-critical applications. Founded in 2011, UpCloud operates high-performance cloud servers built on enterprise-grade hardware, ensuring extreme redundancy and a 100% service level agreement (SLA). The company has data centers located in London, Chicago, Frankfurt, and Helsinki, which allows for flexible cloud connectivity through its software-defined networking (SDN) services. UpCloud is known for its competitive pricing, making it one of the more affordable options in Europe. Its user-friendly control panel and mobile applications for iOS and Android enable administrators to efficiently monitor and manage their servers from anywhere. With a focus on providing the fastest cloud servers, UpCloud supports clients in running critical web applications effectively on its robust cloud platform.

Noona Healthcare

Seed Round in 2016
Noona Healthcare Oy is a Finnish company that specializes in a web-based mobile service aimed at improving the care of breast cancer patients. Founded in 2014 and based in Helsinki, its platform allows patients to report treatment-related symptoms directly to their healthcare providers via mobile devices, tablets, and computers. This real-time communication enhances the patient-clinic relationship, enabling clinical staff to respond quickly to severe symptoms and improve overall patient care. Additionally, Noona's platform assists researchers in developing new cancer therapies by generating valuable digital data that combines patient diagnosis, treatment, and genetic information. As of October 2018, Noona Healthcare operates as a subsidiary of Varian Medical Systems.

Now Interact

Series A in 2016
Now Interact Nordic AB, headquartered in Stockholm, Sweden, is a software company specializing in Predictive Intelligence applications designed to enhance online sales and customer engagement. With additional offices in London, Amsterdam, and Palo Alto, the company targets online-centric businesses and the software vendors that support them. Its primary offering, Personalized Contact Options, aims to optimize sales and improve customer experiences across both online and offline channels. The application has gained traction among customers in the Nordics, the Netherlands, the UK, Germany, and the United States. Now Interact envisions becoming an integral component of the leading personalization and engagement platforms in the market.

Freespee

Series B in 2016
Freespee AB is a technology company specializing in call monetization solutions for the performance advertising sector, primarily operating in Europe and North America. Founded in 2008 and headquartered in Uppsala, Sweden, with additional offices in Helsinki, Copenhagen, and Berlin, Freespee provides various products aimed at enhancing communication and marketing efforts. Its offerings include Freespee Performance, which allows publishers and advertising networks to monetize phone calls generated from their media properties, and Freespee Analytics, a comprehensive tool for tracking leads and analyzing call data. Additionally, the Freespee Mobile Tracking SDK assists app developers in understanding consumer engagement through phone calls. By integrating multiple data sources, Freespee aims to facilitate personalized interactions between brands and their customers, thereby improving the overall consumer experience.

KNL Networks (Kyynel Ltd)

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

Wirepas

Venture Round in 2016
Wirepas Ltd. specializes in wireless communication solutions designed for the Internet of Things (IoT). Founded in 2010 and based in Tampere, Finland, the company has developed Pino, a unique multi-hop mesh network solution. This innovative connectivity option provides deterministic performance, local radio adaptability, and high reliability, addressing key challenges faced by IoT platforms. Wirepas supports its clients throughout the entire process, from design to product delivery, offering pre-integrated and tested reference implementations along with a comprehensive suite of support tools. The company's vision is to empower customers to achieve profitable large-scale operations in the rapidly growing IoT market.

Scoro

Seed Round in 2016
Scoro Software Limited specializes in developing comprehensive business management software tailored for creative and professional services. Founded in 2013 and based in London, the company offers a range of solutions that include project management, work scheduling, financial management, customer relationship management, and reporting tools. Scoro's platform aims to streamline workflows and eliminate routine tasks, helping businesses operate more efficiently from sales to billing. By consolidating planning, resource management, and project delivery into a unified system, Scoro provides users with a clear view of their operations and enhances transparency across teams and clients. This integration allows organizations to gain valuable insights into projected revenue and better understand their financial health.

Spectral Engines

Series A in 2016
Spectral Engines Oy develops and produces advanced spectral sensors for process spectroscopy, agriculture, food and beverage, and gas sensing fields. It offers OEM sensors, application development kits, gas sensors, portable instruments, and SW development kits. The company serves moisture, polymers, hydrocarbons, CO2, APIs in pharma, beverages, and food composition applications. Spectral Engines Oy was founded in 2014 and is headquartered in Helsinki, Finland. As of May 3, 2018, Spectral Engines Oy operates as a subsidiary of m-u-t AG.

Canatu

Series C in 2016
Canatu Oy is a Finnish company that specializes in the development and manufacturing of transparent conductive films and touch sensors, primarily utilizing carbon nanomaterial technology. Founded in 2004 and headquartered in Helsinki, Canatu produces a range of innovative products, including carbon nanobud (CNB) films, which are designed for various applications such as mobile devices, wearables, automotive interfaces, and home appliances. The company's offerings encompass both capacitive and resistive touch sensors, which are suitable for medium-volume applications and prototyping. Canatu's films and sensors enable the creation of 3D shaped touch displays and smart interfaces, enhancing user experience across multiple industries, including automotive and consumer electronics. Their patented manufacturing methods allow for integration into diverse materials like plastic, glass, and textiles. The company sells its products directly to touch sensor vendors and display manufacturers worldwide, with additional offices in China, Japan, and the United States.

Wolt

Series A in 2016
Wolt is a Helsinki-based company that specializes in food delivery services, enabling users to conveniently discover and order meals for home or office delivery. The platform offers a mobile interface that facilitates access to a variety of dining options, including takeaway services. Since its inception, Wolt has attracted significant investment, raising $280 million from notable investors such as ICONIQ Capital, Highland Europe, 83North, EQT Ventures, and Goldman Sachs.

AImotive

Series B in 2016
AImotive Informatikai Kft. specializes in artificial intelligence-driven self-driving technology designed for human drivers. Founded in 2015 and based in Budapest, Hungary, the company leverages camera-based solutions that replicate human visual capabilities. AImotive offers a suite of products, including aiDrive, which provides global self-driving functionalities across various weather conditions, and aiSim, which enables developers to test self-driving software effectively. Additionally, their aiWare product consists of AI-optimized hardware that is scalable for both embedded solutions and data centers. By combining expertise in artificial intelligence, sensor fusion, and 3D graphics, AImotive aims to support industry partners in achieving their autonomous driving objectives, fostering collaboration with its modular and hardware-agnostic solutions.

Wirepas

Series A in 2016
Wirepas Ltd. specializes in wireless communication solutions designed for the Internet of Things (IoT). Founded in 2010 and based in Tampere, Finland, the company has developed Pino, a unique multi-hop mesh network solution. This innovative connectivity option provides deterministic performance, local radio adaptability, and high reliability, addressing key challenges faced by IoT platforms. Wirepas supports its clients throughout the entire process, from design to product delivery, offering pre-integrated and tested reference implementations along with a comprehensive suite of support tools. The company's vision is to empower customers to achieve profitable large-scale operations in the rapidly growing IoT market.

ThingLink

Venture Round in 2016
ThingLink is a provider of a cloud-based education technology platform intended to help in creating and distributing interactive images for blogs, web pages, social channels, and advertising. The company's platform offers an online interactive identification tool that makes clickable tags on images on the web and helps to share the tagged images on social networks, enabling clients to create memorable interactive digital experiences and attract customers.

Sólfar

Seed Round in 2015
Sólfar Studios is founded by three industry veterans that have been working on the cutting edge of online worlds, games and virtual reality for over 20 years. Highly selective on talent and collaborators while keeping a nimble profile, we pride ourselves on an uncompromising commitment to the quality and impact of our productions.​

Wolt

Seed Round in 2015
Wolt is a Helsinki-based company that specializes in food delivery services, enabling users to conveniently discover and order meals for home or office delivery. The platform offers a mobile interface that facilitates access to a variety of dining options, including takeaway services. Since its inception, Wolt has attracted significant investment, raising $280 million from notable investors such as ICONIQ Capital, Highland Europe, 83North, EQT Ventures, and Goldman Sachs.

Lingvist

Series A in 2015
Lingvist Inc. is a language-learning software company based in Tallinn, Estonia, established in 2012. It offers an online platform and mobile application that utilize statistical analysis and adaptive machine learning algorithms to enhance the language-learning experience. Designed to facilitate language acquisition in approximately 200 hours, Lingvist's platform employs a smart algorithm that monitors user progress and mistakes, adjusting lessons in real-time to align with individual learning patterns. The service aims to improve vocabulary and comprehension by assessing users' existing language knowledge and customizing courses to address their specific learning needs. Lingvist is accessible through iOS and Android devices, making it available to a global audience.

Umbra

Seed Round in 2015
Umbra Software Oy, founded in 2006 and headquartered in Helsinki, Finland, specializes in developing 3D graphics software tailored for the gaming industry. The company serves clients both domestically and internationally, including game studios across various countries such as the United States, Korea, China, and Japan. Umbra's software allows 3D graphics designers and engineers to create, optimize, and visualize complex 3D models in real-time on a wide range of devices, making it versatile across different hardware configurations. With over a decade as an established standard for graphics optimization in gaming, Umbra is now expanding its applications to various industries that utilize intricate 3D content.

Yogaia

Seed Round in 2015
Yogaia Oy, founded in 2013 and based in Espoo, Finland, is a pioneering company in the field of online fitness, specifically focusing on live, interactive yoga classes. It provides a platform that allows clients to participate in yoga sessions from the comfort of their homes, guided by professional instructors through webcam technology. Yogaia offers its services via multiple devices, including desktop computers, iOS and Android applications, and Apple TV, catering to a diverse audience with classes available in English, German, and Finnish. In addition to live classes, the company provides personalized advice, tips, and recorded yoga sessions to enhance the user experience and promote overall wellness.

Bitbar

Series A in 2015
Bitbar Technologies Ltd. is a technology company that specializes in cloud-based mobile application testing solutions. Founded in 2009 and based in Helsinki, Finland, Bitbar provides a range of products and services aimed at mobile app and game developers. Their offerings include Testdroid Cloud, which allows testing on real Android and iOS devices, and Testdroid Enterprise, an in-house solution for managing automated testing across multiple devices. Additionally, the company offers Testdroid PrivateCloud, enabling access to a selection of real devices for app development and testing, and Testdroid Recorder, a tool for generating reusable test cases. Bitbar's solutions help optimize continuous integration and delivery workflows, leveraging automation and AI to significantly reduce testing time and costs. The company serves various industries, including technology, gaming, financial services, and e-commerce, with a diverse clientele that includes notable names such as Facebook, Google, and eBay. As of August 2019, Bitbar operates as a subsidiary of SmartBear Software Inc.

Glimr

Seed Round in 2015
Glimr AB provides geolocation tools for geographic targeting. It builds location database for users from their data that works across devices and networks. Glimr AB was formerly known as Katalysator Limited. The company was founded in 2014 and is based in London, United Kingdom with an additional office in Stockholm, Sweden.

AImotive

Series A in 2015
AImotive Informatikai Kft. specializes in artificial intelligence-driven self-driving technology designed for human drivers. Founded in 2015 and based in Budapest, Hungary, the company leverages camera-based solutions that replicate human visual capabilities. AImotive offers a suite of products, including aiDrive, which provides global self-driving functionalities across various weather conditions, and aiSim, which enables developers to test self-driving software effectively. Additionally, their aiWare product consists of AI-optimized hardware that is scalable for both embedded solutions and data centers. By combining expertise in artificial intelligence, sensor fusion, and 3D graphics, AImotive aims to support industry partners in achieving their autonomous driving objectives, fostering collaboration with its modular and hardware-agnostic solutions.

Detectify

Seed Round in 2015
Detectify offers a SaaS-based tool for security analysis of web applications. Detectify is a service where website owners and developers can enter the domain name of a website and let Detectify analyze its security level by applying a broad range of emulated hacker attacks. Detectify then provides the owner with an easy to understand report that describes the identified vulnerabilities and their potential risk in the hands of malicious hackers.

Wolt

Seed Round in 2014
Wolt is a Helsinki-based company that specializes in food delivery services, enabling users to conveniently discover and order meals for home or office delivery. The platform offers a mobile interface that facilitates access to a variety of dining options, including takeaway services. Since its inception, Wolt has attracted significant investment, raising $280 million from notable investors such as ICONIQ Capital, Highland Europe, 83North, EQT Ventures, and Goldman Sachs.

Mindfield Games

Seed Round in 2014
Mindfield Games SaaS-based company that develops virtual reality games. The company was founded in 2013 and is based in Helsinki, Finland.

ZirooPay

Seed Round in 2014
ZirooPay, a product of IroFit Technologies Oy, offers a mobile credit card solution designed to facilitate money transfer and payment processing for small businesses. Founded in 2014 and headquartered in Kuopio, Finland, the company has developed a cloud-based payment platform that allows merchants to accept card payments in various environments, including areas with limited or no internet connectivity. This innovation not only enhances sales potential for businesses but also improves the purchasing experience for customers in underserved regions. By focusing on connectivity and operational efficiency, ZirooPay aims to serve a broad demographic, ensuring that even those in challenging locations can engage in secure and convenient transactions.

Yogaia

Seed Round in 2014
Yogaia Oy, founded in 2013 and based in Espoo, Finland, is a pioneering company in the field of online fitness, specifically focusing on live, interactive yoga classes. It provides a platform that allows clients to participate in yoga sessions from the comfort of their homes, guided by professional instructors through webcam technology. Yogaia offers its services via multiple devices, including desktop computers, iOS and Android applications, and Apple TV, catering to a diverse audience with classes available in English, German, and Finnish. In addition to live classes, the company provides personalized advice, tips, and recorded yoga sessions to enhance the user experience and promote overall wellness.

Beddit

Venture Round in 2014
Beddit.com Oy, founded in 2006 and based in Espoo, Finland, specializes in developing smart bed sensors that monitor sleep patterns and overall well-being. The company's flagship product, the Beddit Sleep Tracker, is designed to be placed under the mattress topper, allowing users to track various sleep metrics, including sleep time, quality, heart rate, and respiration, through a mobile application. This technology utilizes ballistocardiography, a method for measuring micro-movements caused by cardiac activity, to provide users with detailed insights into their sleep. Beddit aims to help individuals understand their sleep behaviors and improve their daily habits for better rest. In 2017, the company became a subsidiary of Apple Inc., further enhancing its position in the consumer sleep technology market.

Blueprint Genetics

Venture Round in 2014
Blueprint Genetics Oy, founded in 2012 and based in Helsinki, Finland, specializes in clinical genetics testing with a focus on rare diseases. The company utilizes advanced Next-Generation Sequencing (NGS) technologies, including its proprietary OS-Seq™ method developed at Stanford University, to deliver high-quality genetic diagnostics. Targeting hospitals and research groups, Blueprint Genetics offers a range of services, including tailored sequencing projects and bioinformatics platforms designed to meet specific needs. The company aims to disrupt the genetic diagnostics market by reducing costs while enhancing quality and providing clinical insights in its results. Its product offerings currently include diagnostics for various hereditary conditions, particularly those affecting the cardiovascular system, such as cardiomyopathies, arrhythmias, and aortic diseases. Blueprint Genetics also operates an office in Los Angeles, California, and functions as a subsidiary of Quest Diagnostics Incorporated.

KNL Networks (Kyynel Ltd)

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

CyberLightning

Series A in 2014
CyberLightning is a company focused on developing innovative solutions for the Internet of Things (IoT) within the context of Smart Cities. The company is currently working on integrating real and virtual worlds to enhance the European Union’s service portfolio and enable the control of IoT networks through mobile devices. Their platform utilizes open source and open standards technology, allowing for effective manipulation of big data through auto-generated 3D models, thereby avoiding vendor lock-in. One of their key offerings, the CyberVille™ solution, targets the energy sector, providing system integrators, utilities, and solution providers with features that enhance operations in logistics, power plants, smart grids, and home area applications. Additionally, CyberLightning's technology is adaptable and can be applied across various IoT and big data sectors, including traffic, infrastructure, and health.

Spectral Engines

Seed Round in 2014
Spectral Engines Oy develops and produces advanced spectral sensors for process spectroscopy, agriculture, food and beverage, and gas sensing fields. It offers OEM sensors, application development kits, gas sensors, portable instruments, and SW development kits. The company serves moisture, polymers, hydrocarbons, CO2, APIs in pharma, beverages, and food composition applications. Spectral Engines Oy was founded in 2014 and is headquartered in Helsinki, Finland. As of May 3, 2018, Spectral Engines Oy operates as a subsidiary of m-u-t AG.
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