Midinvest Fund EP I

Midinvest Fund EP I, managed by Midinvest Management Oy, is a private equity and venture capital firm based in Jyväskylä, Finland. Established in 1994, the firm specializes in making early-stage investments and providing growth capital to small and medium-sized enterprises, primarily in the technology sector. Midinvest focuses on companies with annual revenues between €1 million and €35 million, with a particular interest in regions such as Central Finland, Päijät-Häme, Ylä-Pirkanmaa, and the Jyväskylä area. The firm structures its investments through various instruments, including share capital and loans, and typically seeks board representation in its portfolio companies. Midinvest aims for both majority and minority stakes and plans to exit investments within three to seven years, generally through trade sales or sales to other private equity investors.

Jarkko Danska

Investment Director

Marja Kantonen

Investment Director

Jukka-Pekka Nikula Ph.D

Managing Director and Partner

24 past transactions

Howspace

Convertible Note in 2020
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.

Humap

Venture Round in 2017
Humap Software Oy, established in 2007 and located in Helsinki, Finland, specializes in developing software solutions aimed at digitalizing the consulting business. Drawing on two decades of expertise in change management consulting, the company's flagship product, REAL, is a web-based engagement and collaboration platform. REAL is designed to enhance productivity by replacing traditional in-person workshops, enabling distributed teams to engage effectively. The platform allows for rapid customization of processes and content to meet the specific needs of individual clients, facilitating seamless participation from large organizations on any device. Humap's solutions are currently utilized by over 100 organizations across ten countries, demonstrating their effectiveness in driving engagement and impact.

Ficote Oy

Venture Round in 2017
Ficote Oy, established in 1976 and located in Vihtavuori, Finland, specializes in the manufacture and sale of sewer cleaning vehicles and waste bin washers. The company produces a variety of equipment, including transfer pumps, street washing systems, combined and compact units, suction units, trailers, and demountable units, along with related services and spare parts. Ficote Oy's products are utilized in sewage maintenance, industrial cleaning, and ADR transport. With a strong reputation for reliability and innovative design, Ficote Oy has expanded its market presence beyond Finland, supplying its FICO sewage treatment equipment and washer systems to other Scandinavian countries and Central Europe. The company's extensive experience and expertise in the field position it as a competitive player in the international market.

Silenta Group

Acquisition in 2016
Silenta Group is specialized in the manufacture and development of high quality hoods for over 50 years. In addition to hearing protectors, we also manufacture face protectors and technical plastics.

Sleipner Group

Venture Round in 2016
Sleipner Group specializes in designing and developing innovative shipbuilding solutions tailored for the mining and quarrying industries. Founded in 1996 by Ossi Kortesalmi, an excavator operator, the company emerged from a need for effective solutions in challenging environments, initially addressing specific requirements for a chrome mine in the Finnish Arctic. Over the years, Sleipner has established itself as a key player in providing unique and efficient machinery that enhances operations in shipyards, particularly focused on the needs of the mining sector.

JyNet

Venture Round in 2015
JyNet Oy is a contracting company specialized in electricity, security and telecommunication sectors. The company provides network construction, road lighting, and building and home security technologies. The company was incorporated in 2008 and is based in Jyväskylä, Finland.

Ficonic Solutions

Venture Round in 2015
Ficonic was founded in 2014 to develop software products for automotive and offer high-class software development services for its customers to reach true cost-efficiency for software solutions.

Suomen KotiData

Venture Round in 2014
Suomen KotiData is an IT support service company founded in 2008. It provides support and training services for computers and other entertainment electronics for households and small businesses.

Paytrail

Venture Round in 2014
Paytrail Oyj is a Finnish company specializing in online payment services designed to facilitate eCommerce. Founded in 2007 and headquartered in Jyväskylä, with an additional office in Stockholm, the company offers a range of traditional payment methods, including online bank payments, card payments, invoicing, and installment options. Paytrail's solutions enable businesses to provide their customers with preferred payment options, thereby enhancing the online shopping experience. The company serves clients within SEPA countries and operates as a subsidiary of Nets Oy. Originally established as Suomen Verkkomaksut Oyj, Paytrail has positioned itself as a key player in the Finnish eCommerce landscape, addressing the challenges faced by online businesses in managing payment processes.

Valttori

Acquisition in 2013
Valttori Oy, based in Jyväskylä, Finland, specializes in the service and maintenance of heavy machinery, including tractors, forklifts, earth-moving equipment, and industrial machinery. Founded in 1996, the company offers a comprehensive range of services, including repairs for hydraulic systems, gears, and transmissions. Valttori also supplies spare parts and accessories for heavy machinery and industrial equipment, encompassing items such as bearing units, seals, belts, and lubrication products. In addition to its maintenance services, the company provides pipe assembly and fitting services, as well as inspection services. Valttori maintains contracts with various suppliers to ensure a steady supply of parts and accessories, thereby enhancing the efficiency and reliability of machinery operations for its clients.

Soikea

Venture Round in 2013
Soikea Solutions Oy, established in 2012 and headquartered in Jyvaskyla, Finland, specializes in developing a multi-channel online commerce platform and providing product information management solutions as a service. The company focuses on enhancing online commerce capabilities for businesses, enabling them to manage product information efficiently across various sales channels. As of April 2016, Soikea operates as a subsidiary of Etteplan Oyj.

Energiakolmio Oy

Acquisition in 2012
Energiakolmio Oy is an independent company providing expert services on the energy management. We offer services related to the procurement, sale and efficient use of energy to companies and organisations.

Flaaming Oy

Acquisition in 2008
Flaaming Oy is a company focused on sales and marketing of waste and environmental products. Its range includes garbage trucks, garbage containers, pallets, presses and property maintenance products.

Produal

Acquisition in 2008
Produal Oy develops and manufactures measurement and control devices for the HVAC sector. It offers frost protection and fire alarm thermostats; air velocity, concentration, differential pressure, humidity, illumination, and water pressure transmitters, as well as smoke detectors; and electric power controllers.

C2 SmartLight

Venture Round in 2008
C2 SmartLight is a company that specializes in smart outdoor lighting solutions, designed to enhance visibility in various challenging environments. Based in Finland, the company manufactures lighting systems suitable for diverse applications, including streets, sports areas, parks, courtyards, ports, industrial zones, and railway yards. C2 SmartLight provides comprehensive lighting control systems, which incorporate electrical and lighting design, software, sensors, and switches. These technologies enable clients to create smarter environments through advanced electricity control, ensuring effective illumination for both small spaces and larger areas.

Stafix

Venture Round in 2008
Stafix Oy is a Finnish company based in Vaajakoski that specializes in developing and manufacturing high-tech printing materials for advertising solutions. Founded in 2007, the company produces a unique electrically charged polypropylene film that adheres to dry surfaces without the need for adhesives. This innovative product is primarily used in retail advertising applications, including point of purchase displays, magazine inserts, direct mail, street marketing, temporary labels, and order free samples. Stafix Oy collaborates with printing houses, advertising agencies, and brands, providing not only its glue-free materials but also expertise in campaign planning, printing advice, and consultancy for point-of-sale advertising campaigns. The company's products are mainly distributed in German-speaking countries and France.

Polarmatic

Acquisition in 2007
Polarmatic Oy specializes in developing and supplying advanced heating, curing, cooling, control, and information management solutions tailored for the concrete industry. The company offers its products to producers of ready-mix concrete, including those operating central-mix and dry batch batching plants, as well as manufacturers of precast concrete items such as pipes, blocks, and pavers. Polarmatic's innovative systems are designed to enhance the quality of concrete production while promoting energy efficiency and sustainability, making them valuable assets for concrete producers seeking to improve their operational effectiveness.

Quosis

Seed Round in 2007
Quosis Oy, founded in 2004 and headquartered in Jyvaskyla, Finland, operates as an open source software service company. It specializes in providing customizable solutions that enhance information management and communication for small and medium-sized enterprises, as well as public sector organizations. Quosis offers a range of services, including portal solutions for managing organizational information, content management systems for information sharing and production, business process management tools for automating and improving processes, and integration of information systems. Additionally, the company provides instant messaging solutions to facilitate better organizational communication, along with consultation and software development services tailored to meet specific IT needs. In 2008, Quosis was acquired by Proactum Oy.

Magnasense

Seed Round in 2006
Magnasense, Ltd. is based in Jyvaskyla, Finland, and specializes in developing methods and instruments for lateral flow tests aimed at measuring various substances relevant to human health, environmental analysis, and veterinary testing. Founded in 2003, the company has introduced an innovative platform that enhances the reliability, sensitivity, and quantitative measurement capabilities of lateral flow tests. This advancement is designed to facilitate new market opportunities for lateral flow test manufacturers. Magnasense operates as a subsidiary of LifeAssays AB, having been integrated into that organization as of November 2015.

TTP-Yhtiöt Oy

Venture Round in 2005
TTP-Yhtiöt Oy manufactures welded steel structures for the needs of land, water, transport, power and frame construction. TTP-Yhtiöt Oy offers surface coating procedures and hot dip galvanizing products.

Inka

Acquisition in 2005
Inka Oy is a Finnish manufacturer and supplier of textile webbings, established in 2003, with a history of over 100 years in the industry. Based in Virrat, the company specializes in producing high-quality woven and braided narrow fabrics, elastic and non-elastic cords, and a variety of finishing products including cutting, dyeing, and sewing. Inka's offerings cater to diverse applications across clothing, sports, leisure equipment, and technical industrial sectors. The Inka brand is recognized globally for its commitment to quality and efficient service, serving a wide range of leading companies in various industries.

Pisla Oy

Acquisition in 2004
Pisla Oy supplies hardware and furnishing products for hardware stores and warehouses in Finland, Scandinavian and Baltic countries, the Russian Federation, Poland, Czech Republic, Slovakia, and Germany. The company offers blinds, awnings, curtain rods and accessories, bathroom products, sauna products, fireplace products, grills, cast iron products, fittings, boat accessories, small hardware, ventilation equipment, decorating products, and other hardware products. It sells its products through sales representatives and subsidiaries in Finland and internationally. Pisla Oy also sells products online. The company was founded in 1976 and is based in Viitasaari, Finland.

Aidon

Acquisition in 2004
Aidon Oy is a technology company based in Jyvaskyla, Finland, with additional offices in Sweden and Norway. Founded in 2004, Aidon specializes in providing open architecture-based energy service devices and data communication solutions for energy and service companies globally. The company offers modular smart meters and remote reading systems that enhance smart grid functionalities, including daily data collection, automatic software updates, and real-time management of low-voltage network data. Aidon collaborates with distribution system operators to digitalize services and improve the reliability of electricity distribution. Its offerings also include project planning, execution, and logistics services, aimed at assisting in the operation and maintenance of energy distribution systems while ensuring accurate and timely data access for both homeowners and industries.

Komas

Acquisition in 2002
Komas Oy is a manufacturer based in Jyvaskyla, Finland, specializing in precision machining parts. Established in 1925, the company produces a variety of products, including hydraulic tubes and assemblies, plate components, and die forgings such as rings and discs. Komas serves multiple industries, including metal, vehicle, defense, and electronics, offering services that encompass machining, hydraulics, and plate cutting. As of August 2019, Komas operates as a subsidiary of Componenta Corporation.
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