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

Co-Founder, Partner

Rebecka Löthman Rydå

Investment Director

Tatiana Shalalvand

Investor

Timo Tirkkonen

Co-Founder, Partner

Past deals in Finland

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.

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.

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.

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™.

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.

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™.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

Boomlagoon

Series A in 2014
Based in the world mobile gaming capital Helsinki, Finland, our team consists of game industry veterans from companies like Rovio, Remedy, Digital Chocolate, Housemarque and Recoil. With a strong understanding of mobile games the company has won multiple Editor’s Choice awards and has been featured worldwide for it’s exclusive list of games based on diverse gameplay mechanics and compelling experiences engaging players on a regular basis.

CBTec Oy

Seed Round in 2014
CBTec Oy, founded in 2012 by former employees of Nokia and Meego, is based in Helsinki, Finland, and focuses on democratizing education through technology. The company developed Eliademy, an online education platform that serves as a learning management system for a variety of users, including universities, colleges, trainers, coaches, and hobby clubs. Eliademy enables educators and students to create, share, and manage courses within a user-friendly interface, which includes features such as discussion boards, multimedia content, and calendars. This platform ensures that course content remains the property of the educators, aligning with CBTec's belief that education should be accessible to all individuals, regardless of their location. In addition to its educational platform, CBTec Oy also offers software consulting, business development, IT support, and tailored solutions for building business applications.

Klevu

Seed Round in 2014
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.

Froont

Seed Round in 2014
Froont Oy provides solutions to prototype websites. The company was incorporated in 2013 and is based in Helsinki, Finland.

Mekitec

Venture Round in 2014
Mekitec Oy specializes in the development, manufacturing, and distribution of X-ray food inspection systems designed to detect and eliminate physical contaminants such as glass, metal, stones, and dense plastics in food products. Operating globally, Mekitec's systems are utilized for inspecting a variety of items, including rice, jam, cheese, meat, and frozen shrimp. The company also provides maintenance services for its X-ray devices and rejecters. Founded in 2005 and based in Oulu, Finland, Mekitec was previously known as Inspex Oy and has expanded its reach to multiple countries, including Germany, Sweden, and China.

Canatu

Series B in 2013
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.

WOT Services

Series A in 2012
MyWOT / WOT (Web of Trust) is a website safety reputation and review extension that helps you make informed decisions about whether to trust a website when you are searching, shopping or surfing online. MyWOT displays website reputations as traffic lights next to links when you use search engines, social networking sites, email and popular sites such as Wikipedia. By clicking the traffic light icon you can learn more about a website’s reputation and other users’ opinions. A green traffic light means users have rated the site as trusted and reliable, red warns of potential threats and yellow indicates that you should proceed with caution. MyWOT ratings and reviews are powered by a global community of millions of users who rate websites based on their personal experiences, and are verified by trusted technical sources. Additionally, third-party sources warn you of malware and other threats you might encounter. With MyWOT, you can contribute to web safety by rating websites yourself, warning other users of potential threats you’ve come across.

Miradore

Series B in 2012
Miradore Ltd. is a provider of cloud-based IT lifecycle management systems, facilitating the efficient management of diverse IT environments for organizations. Founded in 2006 and based in Lappeenranta, Finland, with additional offices in Helsinki, the company offers integrated solutions that encompass asset management, configuration management, and lifecycle management tools. Miradore enables remote access to a variety of end-user devices, including desktops, laptops, and mobile devices, while supporting the entire IT lifecycle from purchasing and installation to maintenance and retirement of equipment. The platform provides a dynamic real-time asset management system that keeps IT service providers informed about their assets, ensuring reliable and updated information. Miradore also includes a built-in configuration management system that automates changes and maintains records, thereby enhancing operational transparency and compliance. Its services cater to IT service providers, enterprises, healthcare, government entities, and the Finnish military, making it a versatile choice for comprehensive IT management.

Merus Power

Series A in 2012
Merus Power Dynamics Oy is a clean technology company based in Nokia, Finland, specializing in the design, manufacture, and marketing of solutions for reactive power compensation, active harmonic filtering, and power protection. Founded in 2008 by a team of experienced engineers, the company offers a diverse range of products, including active harmonic filters, static var compensators, and uninterrupted power quality systems, aimed at improving energy efficiency and productivity for various sectors, such as heavy and light industries, commercial buildings, infrastructure, utilities, and renewable energy applications. Additionally, Merus Power provides installation, commissioning, technical training, and power quality analysis services. With a focus on scalability and modularity, the company leverages advanced power electronics and intelligent software technologies to deliver reliable and efficient solutions. Its products are distributed through certified partners across Asia, Europe, the Middle East and Africa, Oceania, and South America, positioning Merus Power as a key player in the growing power quality market.

BeiZ Oy

Series A in 2012
BeiZ Oy, operating under the brand Lola Panda, specializes in the design, development, and publication of educational and non-violent games for both adults and children. Founded in 2010, the company is headquartered in Tampere, Finland, with an additional office located in Beijing, China. BeiZ Oy also focuses on the localization of mobile games for its partners, expanding its reach in the gaming market. The firm emphasizes creating engaging and informative gaming experiences that cater to a diverse audience.

Valon Lasers

Series A in 2011
Valon Lasers Oy specializes in providing advanced photocoagulator solutions for ophthalmology. Founded in 2011 and based in Vantaa, Finland, the company offers two main products: the Valon TT, a tabletop multispot laser designed for accessibility, and the Valon 5G, a 5G photocoagulator. With a legacy in ophthalmic lasers dating back to 1972, Valon Lasers combines decades of experience with cutting-edge technology to develop products that enhance treatment outcomes and improve work satisfaction for ophthalmologists. All design and manufacturing processes are conducted by in-house professionals, ensuring high-quality standards and innovation in their offerings.

Canatu

Series A in 2010
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.

IpTune

Series A in 2010
IpTune is a global provider of mobile service solutions, specializing in software-based services for the telecom industry. The company offers a comprehensive portfolio designed to help clients navigate the complexities of modern mobile service environments. IpTune focuses on monitoring and troubleshooting IP-based services within mobile data networks, enabling users to gain visibility into IP-based nodes and services across operator networks. By delivering these solutions, IpTune aims to enhance operational efficiency and maximize the return on investments for its customers.

Conmio

Series A in 2010
Conmio Oy is a software and service company based in Helsinki, Finland, specializing in media content solutions for mobile browsers. Founded in 2002, it offers ManaGate, a comprehensive content management and publishing solution that automates the mobile publishing process. ManaGate provides businesses with multiple interfaces for existing systems, customizable workflows, language translation, and cultural localization, while effectively managing the unique requirements of mobile content. The company serves a diverse clientele, including media brands, mobile operators, digital media agencies, and system integrators, as well as providers of editorial and publishing systems across Europe, North and South America, and the Asia-Pacific region. In addition to its software solutions, Conmio also offers consulting, support, and various services to enhance the deployment and management of mobile content.

ScanNano

Series A in 2010
Scannano is a privately-held company located and registared in Finland dedicated to the design and commercial development of a series of advanced Resonant Micro- Electro-Mechanical Systems devices (R-MEMS). Micro-Electro-Mechanical Systems, also known as micro-machines, are revolutionary devices based upon the integration of mechanical elements, sensors, actuators, and electronics on a common silicon chip. MEMS technology promises to benefit nearly every product category by bringing together silicon-based microelectronics with micromachining technology, to achieve the realization of complete "system-on-a-chip". The Company has developed unique, patented MEMS devices that are capable of detecting and measuring the presence and interaction of sub-atomic particles such as photons and electrons. In combination with a range of custom, task-specific software, the Scannano MEMS devices can perform their tasks with unequalled levels of speed, precision and reliability. Dr. Andrei Pavlov, President and Founder of ScanNanoTek announced further progress in its R&D Program, demonstrating the validity of its Deep Vacuum Gap Technology for the production of new MEMS devices. This follows ScanNanoTek's October 2, 2011 announcement about encouraging progress in a new R&D Program in which STMicroelectronics, for its CMOS technology expertise, is engaged.

Rightware

Series A in 2010
Rightware Oy is a Finnish company specializing in graphical user interface solutions for mobile, automotive, and other embedded industries globally. Founded in 2009 and headquartered in Espoo, with additional offices in Shanghai, Beijing, and Palo Alto, Rightware offers a range of products designed to enhance user experiences. Its flagship product, Kanzi, addresses the challenges of implementing 3D user interfaces, allowing UI designers and engineers to focus on the creative aspects of their work. Alongside Kanzi, the company provides Kanzi Studio, a user-friendly editor that facilitates the design and customization of embedded user interfaces. Additionally, Rightware develops Basemark, a suite of system performance analysis tools that measure the performance of various graphics technologies across multiple platforms, including Android, Linux, and Windows Mobile.

Whitevector

Series A in 2009
Whitevector specializes in social media monitoring services, enabling companies to effectively analyze online discussions related to brand management and marketing. The company's primary offering, Chat Reports, is a web-based tool that provides in-depth monitoring, analysis, and measurement of social media conversations. Utilizing patent-pending information retrieval and linguistics technology developed through academic collaboration, Chat Reports generates comprehensive reports that equip businesses with valuable insights for campaign analysis and consumer research. By leveraging these insights, companies can enhance their brand strategies and respond more adeptly to consumer sentiments and trends.

ScanNano

Seed Round in 2009
Scannano is a privately-held company located and registared in Finland dedicated to the design and commercial development of a series of advanced Resonant Micro- Electro-Mechanical Systems devices (R-MEMS). Micro-Electro-Mechanical Systems, also known as micro-machines, are revolutionary devices based upon the integration of mechanical elements, sensors, actuators, and electronics on a common silicon chip. MEMS technology promises to benefit nearly every product category by bringing together silicon-based microelectronics with micromachining technology, to achieve the realization of complete "system-on-a-chip". The Company has developed unique, patented MEMS devices that are capable of detecting and measuring the presence and interaction of sub-atomic particles such as photons and electrons. In combination with a range of custom, task-specific software, the Scannano MEMS devices can perform their tasks with unequalled levels of speed, precision and reliability. Dr. Andrei Pavlov, President and Founder of ScanNanoTek announced further progress in its R&D Program, demonstrating the validity of its Deep Vacuum Gap Technology for the production of new MEMS devices. This follows ScanNanoTek's October 2, 2011 announcement about encouraging progress in a new R&D Program in which STMicroelectronics, for its CMOS technology expertise, is engaged.

FRWD Technologies

Series A in 2005
FRWD Technologies, Ltd. designs, develops, and markets sports computers for outdoor and alternative sports enthusiasts, athletes, and professionals. The company's sports computer records route, location, speed, distance, heart rate or RR heart rate, altitude, temperature, and air pressure, as well as shows them real time on wrist display or mobile phone. It sells its products through retailers and distributors in Estonia, Finland, France, Germany, Norway, Poland, Portugal, Spain, Sweden, Austria, and Switzerland. The company was founded in 2000 and is based in Oulu, Finland. It has operations in Sweden, Austria, Switzerland, and internationally.
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