Inventure

Inventure is a prominent early-stage venture capital firm based in the Nordics and Baltics, with offices in Helsinki, Stockholm, and Shanghai. The firm specializes in investing in innovative and rapidly growing companies, particularly in the technology, software, and digital services sectors. Inventure seeks to partner with exceptional entrepreneurs who aim to disrupt their industries. The firm typically makes initial investments ranging from 100,000 euros to 10 million euros throughout a company's development. Managed from Helsinki, Inventure Fund III, established in 2017, specifically targets software companies in the Nordics and Baltics, leveraging a team of experienced entrepreneurs and investment professionals dedicated to fostering global success for start-ups.

Adrian Arnsvik Bjurefalk

Investment Associate

Linus Dahg

Managing Partner

Ekaterina Gianelli

Venture Partner

Tom Henriksson

Member of the Board

Lauri Kokkila

Partner

Tuomas Kosonen

Partner

Sami Lampinen

Partner

Daniel Lauren

Venture Partner

Kristiina Lunnas

CFO & Operations Director

Kevin Lösch

Investment Associate

Andrea Di Pietrantonio

Portfolio Operation Director

Rebecka Löthman Rydå

Investment Director

Tatiana Shalalvand

Investor

Timo Tirkkonen

Co-Founder & Partner

Fei Xu

Operations Director

Past deals in Nordic Europe

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 September 2012 by former Nokia employees, operates from Oulu, Finland, offering product development services and commercial Internet of Things (IoT) solutions. The company specializes in designing and developing a range of products, including imaging devices, IoT and mobile devices, as well as wearables. It also provides essential components such as sensors, gateways, and a cloud server System-as-a-Service for smart spaces. With a workforce of over 70 experienced engineers in mobile devices and software, Haltian is rapidly expanding its presence in the global consumer electronics and telecommunications markets.

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 is a platform for patient driven research for better drugs, health and prevention. Elsa lets patients become their own personal researchers by providing them with a better understanding around how lifestyle factors may affect their disease activity measurements for chronic disease. To support them from a scientific perspective, Elsa gives them access to data on their specific disease (initially we work with rheumatoid arthritis) through the Riskminder foundation and scientific studies at Karolinska Institutet.

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

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.

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.

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 develops an online insurance claim and settlement platform. The company offers an online platform, Insurello, which provides insurance compensation analysis and management for accidents, healthcare, damages, and medical disabilities. The company was incorporated in 2016 and is based in Stockholm, Sweden.

Howspace

Series A in 2021
Howspace is a digital facilitation platform that helps you deliver powerful organizational change initiatives, learning programs, and workshops. Howspace adapts to your way of working. You can build the workspaces to match your tried and tested processes. Edit the looks of your workspace, manage the participants access levels, move content around, and add new pages as you go along.

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 develops platform for artificial general intelligence (AGI). It applies research to develop products in the form of targeted solutions as well as a general purpose platform. Abzu ApS was founded in 2018 and is based in Lyngby, Denmark with additional offices in Barcelona, Spain; and Falkenstein, Germany.

Zaver

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

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 develops an online insurance claim and settlement platform. The company offers an online platform, Insurello, which provides insurance compensation analysis and management for accidents, healthcare, damages, and medical disabilities. The company was incorporated in 2016 and is based in Stockholm, Sweden.

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 September 2012 by former Nokia employees, operates from Oulu, Finland, offering product development services and commercial Internet of Things (IoT) solutions. The company specializes in designing and developing a range of products, including imaging devices, IoT and mobile devices, as well as wearables. It also provides essential components such as sensors, gateways, and a cloud server System-as-a-Service for smart spaces. With a workforce of over 70 experienced engineers in mobile devices and software, Haltian is rapidly expanding its presence in the global consumer electronics and telecommunications markets.

UpCloud

Series B in 2020
UpCloud Ltd is a cloud hosting company that specializes in infrastructure-as-a-service for critical business needs. Established in 2011 and headquartered in Helsinki, Finland, it operates high-performance cloud servers on enterprise-grade hardware across multiple data centers located in London, Chicago, Frankfurt, and Helsinki. The company emphasizes extreme redundancy and offers a 100% service level agreement, ensuring reliable performance. UpCloud provides flexible resources and competitive pricing, positioning itself as one of the most affordable options in Europe. Additionally, it offers software-defined networking services that enable the creation of adaptable private networks for enhanced cloud connectivity. Its user-friendly control panel and mobile applications for iOS and Android allow administrators to monitor and manage their servers remotely, ensuring convenience and accessibility.

Elsa

Seed Round in 2020
Elsa is a platform for patient driven research for better drugs, health and prevention. Elsa lets patients become their own personal researchers by providing them with a better understanding around how lifestyle factors may affect their disease activity measurements for chronic disease. To support them from a scientific perspective, Elsa gives them access to data on their specific disease (initially we work with rheumatoid arthritis) through the Riskminder foundation and scientific studies at Karolinska Institutet.

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 self-learning search engine that helps online retailers turn visitors into customers. Its search for SMEs focuses on fast, relevant search with actionable insights into shoppers’ search and easy self-service integration. Klevu Oy’s enterprise edition provides natural language search with ease of catalog maintenance and insights into shopping experience. It is based in Helsinki, Southern Finland.

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.

Zaver

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

Abzu

Seed Round in 2019
Abzu ApS develops platform for artificial general intelligence (AGI). It applies research to develop products in the form of targeted solutions as well as a general purpose platform. Abzu ApS was founded in 2018 and is based in Lyngby, Denmark with additional offices in Barcelona, Spain; and Falkenstein, Germany.

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 September 2012 by former Nokia employees, operates from Oulu, Finland, offering product development services and commercial Internet of Things (IoT) solutions. The company specializes in designing and developing a range of products, including imaging devices, IoT and mobile devices, as well as wearables. It also provides essential components such as sensors, gateways, and a cloud server System-as-a-Service for smart spaces. With a workforce of over 70 experienced engineers in mobile devices and software, Haltian is rapidly expanding its presence in the global consumer electronics and telecommunications markets.

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 is a platform for patient driven research for better drugs, health and prevention. Elsa lets patients become their own personal researchers by providing them with a better understanding around how lifestyle factors may affect their disease activity measurements for chronic disease. To support them from a scientific perspective, Elsa gives them access to data on their specific disease (initially we work with rheumatoid arthritis) through the Riskminder foundation and scientific studies at Karolinska Institutet.

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.

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.

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 that specializes in infrastructure-as-a-service for critical business needs. Established in 2011 and headquartered in Helsinki, Finland, it operates high-performance cloud servers on enterprise-grade hardware across multiple data centers located in London, Chicago, Frankfurt, and Helsinki. The company emphasizes extreme redundancy and offers a 100% service level agreement, ensuring reliable performance. UpCloud provides flexible resources and competitive pricing, positioning itself as one of the most affordable options in Europe. Additionally, it offers software-defined networking services that enable the creation of adaptable private networks for enhanced cloud connectivity. Its user-friendly control panel and mobile applications for iOS and Android allow administrators to monitor and manage their servers remotely, ensuring convenience and accessibility.

Noona Healthcare

Seed Round in 2016
Noona is a mobile service that provides cancer centers a real-time holistic view of their patients’ wellbeing. Noona improves the quality of cancer patient care and makes the patient-clinic relationship more personal and meaningful. Clinical staff can rapidly respond to severe symptoms and provide better care to far greater numbers of patients. Noona also enables patients to follow their own wellbeing and recovery and stay in close contact with their clinic.

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.

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 specializes in the development and manufacture of transparent conductive films and touch sensors, primarily utilizing carbon nanobud (CNB) technology. Founded in 2004 and headquartered in Helsinki, Finland, the company offers a range of products, including CNB hi-contrast, flex, and in-mold films, as well as capacitive and resistive touch sensors tailored for medium-volume applications and prototyping. Canatu's solutions enable the integration of touch interfaces in various devices, such as mobile phones, tablets, wearables, and automotive applications, allowing for innovative 3D-shaped touch displays and smart switches. The company's products are sold directly to touch sensor and module vendors, as well as display manufacturers, for both out-of-cell and on-cell integration. Canatu maintains a global presence with additional offices in China, Japan, and the United States, and collaborates with various industries to drive technological innovation.

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.

Sólfar Studios

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.

Umbra

Seed Round in 2015
Umbra empowers 3D graphics designers and engineers to create, optimize, share and view their designs in real-time on virtually any device. As the established gaming industry standard in graphics optimization for more than a decade, Umbra is now redefining rapid visualization for all industry ecosystems utilizing complex 3D models. Headquartered in Helsinki, Finland, Umbra has offices in the US, EMEA, and APAC.

Yogaia

Seed Round in 2015
Yogaia Oy provides live yoga classes that are accessed via Yogaia Website, Android application, iPhone/iPad application, or Apple TV (4th Gen) application. It also offers personal advice, tips, and tricks that help the client to take workout further; and online yoga recordings. The company was founded in 2013 and is based in Espoo, Finland.

Bitbar

Series A in 2015
Bitbar Technologies Ltd. is a technology company based in Helsinki, Finland, specializing in cloud-based mobile application testing solutions. Established in 2009, Bitbar offers a range of services designed for mobile app and game developers, including automated software build and testing environments. Its product offerings include Testdroid Cloud, which allows for testing applications on real Android and iOS devices, and Testdroid Enterprise, an in-house solution for managing automated testing across multiple devices. Additionally, Bitbar provides Testdroid PrivateCloud, enabling access to a selection of real devices for development and testing purposes, along with Testdroid Recorder for capturing user actions and generating reusable test cases. The company serves diverse industries such as gaming, technology, e-commerce, and financial services, with notable clients including Facebook, Google, and eBay. In 2019, Bitbar became 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.

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 provides live yoga classes that are accessed via Yogaia Website, Android application, iPhone/iPad application, or Apple TV (4th Gen) application. It also offers personal advice, tips, and tricks that help the client to take workout further; and online yoga recordings. The company was founded in 2013 and is based in Espoo, Finland.

Beddit

Venture Round in 2014
Beddit.com Oy offers Beddit, a smart bed sensor that is placed under the mattress topper and linked to an online service, which tracks user’s sleep, wellbeing, and health. Its solution measures user’s sleep time recuperation. The company was formerly known as Finsor Oy. Beddit.com Oy was founded in 2006 and is based in Espoo, Finland. As of May 8, 2017, Beddit.com Oy operates as a subsidiary of Apple Inc.

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 Ltd.

Series A in 2014
Cyberlightning is the 3D Internet Company with next generation controlling and monitoring solutions for the Internet of Things (IoT) networks in the Smart City context. At the moment we are developing real world and virtual world integration for European Union’s service portfolio and also at the same time enabling IoT networks to be controllable via mobile devices. Our future proof, open source and open standards based Internet technology solutions enable efficient big data manipulation in auto-generated 3D models with no vendor lock-in. Cyberlightning’s new CyberVille™ solution is mainly aimed at Energy Sector system integrators, utilities and solution providers with empowering features for operations in logistics, power plants, smart grid and home area applications – Though our technology is also horizontally scalable through other IoT/big data verticals, such as 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 develops Eliademy, an online education platform that enable educators and students to create, share, and manage courses. It operates as a learning management system for universities, colleges, trainers, coaches, hobby clubs, and others. The company also provides software consulting, business development, information technology support, and program management; and tailored solutions, such as assisting users in building business applications. CBTec Oy was founded in 2012 and is based in Helsinki, Finland.

Klevu

Seed Round in 2014
Klevu Oy is a self-learning search engine that helps online retailers turn visitors into customers. Its search for SMEs focuses on fast, relevant search with actionable insights into shoppers’ search and easy self-service integration. Klevu Oy’s enterprise edition provides natural language search with ease of catalog maintenance and insights into shopping experience. It is based in Helsinki, Southern Finland.

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 specializes in the development and manufacture of transparent conductive films and touch sensors, primarily utilizing carbon nanobud (CNB) technology. Founded in 2004 and headquartered in Helsinki, Finland, the company offers a range of products, including CNB hi-contrast, flex, and in-mold films, as well as capacitive and resistive touch sensors tailored for medium-volume applications and prototyping. Canatu's solutions enable the integration of touch interfaces in various devices, such as mobile phones, tablets, wearables, and automotive applications, allowing for innovative 3D-shaped touch displays and smart switches. The company's products are sold directly to touch sensor and module vendors, as well as display manufacturers, for both out-of-cell and on-cell integration. Canatu maintains a global presence with additional offices in China, Japan, and the United States, and collaborates with various industries to drive technological innovation.

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.

46elks

Seed Round in 2012
46elks AB develops a cloud communications platform that integrates voice, SMS, and MMS into various applications. It offers 46elks, a platform that enables users to allocate phone numbers, receive SMS, send SMS, get delivery reports, get incoming phone calls, get international phone calls, and create outgoing phone calls. The company was founded in 2011 and is based in Uppsala, Sweden.

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, trading as Lola Panda, designs, develops, and publishes educational, knowledge, and non-violent games for adults and children. It also offers mobile games. The company was founded in 2010 and is based in Tampere, Finland with additional office in Beijing, China.

Valon Lasers

Series A in 2011
The team behind Valon Lasers has experience in ophthalmic lasers since 1972, a legacy few companies can match. In the Valon multispot laser we have combined our decades of experience and knowledge with the newest technology to provide solutions for discerning ophthalmologists. All development and production is carried out by our own professionals. The Valon 5G multispot photocoagulator is a continuation of our commitment to offer ophthalmologists premium solutions now and in the future.

Freespee

Series A in 2011
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.

Canatu

Series A in 2010
Canatu Oy specializes in the development and manufacture of transparent conductive films and touch sensors, primarily utilizing carbon nanobud (CNB) technology. Founded in 2004 and headquartered in Helsinki, Finland, the company offers a range of products, including CNB hi-contrast, flex, and in-mold films, as well as capacitive and resistive touch sensors tailored for medium-volume applications and prototyping. Canatu's solutions enable the integration of touch interfaces in various devices, such as mobile phones, tablets, wearables, and automotive applications, allowing for innovative 3D-shaped touch displays and smart switches. The company's products are sold directly to touch sensor and module vendors, as well as display manufacturers, for both out-of-cell and on-cell integration. Canatu maintains a global presence with additional offices in China, Japan, and the United States, and collaborates with various industries to drive technological innovation.

Iptune

Series A in 2010
Iptune is a global provider of Mobile Service Solutions with a proven track record in the telecom industry. They have developed a broad portfolio of solutions and services to help there customers to overcome the complexity of modern Mobile Service environment and maximize the revenues of their investments.

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 Oy

Series A in 2010
Rightware Oy provides graphical user interface solutions for in mobile, automotive, and other embedded industries worldwide. It offers Kanzi to solve the implementation and differentiation problems of 3D user interfaces; and enable UI designers and engineers to focus on the creation, testing, and deployment of 3D user interfaces. The company also provides Kanzi Studio to provide a what-you-see-is-what-you-get editor for the user interface designers and embedded engineers for creation and customization of embedded user interfaces. In addition, it develops Basemark system performance analysis tools for OpenGL ES, OpenVG, OpenCL, Android, Linux, and Windows Mobile performance measurement. Rightware Oy was founded in 2009 and is based in Espoo, Finland with additional offices in Shanghai, Beijing, and Palo Alto.

Freespee

Seed Round in 2009
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.

Whitevector

Series A in 2009
Whitevector helps companies to take advantage of these discussions in brand management and marketing. The company is a forerunner in social media measurement. The main product of the company is Chat Reports, a web-based service that allows companies to monitor, analyse and measure online discussions for brand management and marketing. Chat Reports features patent-pending information retrieval and linguistics technology from a university background.