Tesi

Tesi, also known as Finnish Industry Investment, is a government agency based in Helsinki, Finland, established in 1995 to foster Finnish business and employment. The agency manages investments derived from the privatization of state-owned enterprises, directing funds to stimulate growth and internationalization of Finnish companies. Tesi engages in both direct investments in growth companies and indirect investments through venture capital and private equity funds, targeting various sectors. Its investment strategy encompasses support for rapid growth, spin-offs, major industrial ventures, and corporate restructurings, with a total investment portfolio exceeding 570 million euros. Through these initiatives, Tesi aims to enhance the competitiveness of Finnish businesses in the global market.

Tuomas Rekonen

Investment Manager

108 past transactions

Aurealis Therapeutics

Series A in 2023
They exist to develop curative solutions that achieve total and faster healing for non-healing wounds and other complex inflammatory diseases with their four-in-one biologic drug, AUP-16. Their goal is to create solid Phase 2 clinical efficacy data in diabetic foot ulcers and non-clinical proof-of-concept data in other inflammatory diseases by end of 2022, and to engage with strategic partners to ensure that this game changing technology benefits millions of patients.

Norsepower

Series C in 2023
Norsepower Oy Ltd is a Finnish clean technology and engineering company that focuses on harnessing renewable wind energy for the maritime industry. Founded in 2012 and based in Helsinki, Norsepower develops low-maintenance, software-operated auxiliary wind propulsion systems, specifically its Rotor Sail Solution. This innovative technology employs the Magnus effect through a spinning cylinder to generate wind power, aiding in the propulsion of vessels. The company's solutions aim to reduce fuel consumption and greenhouse gas emissions, thereby enhancing the efficiency and sustainability of maritime operations. Norsepower has secured over $6 million in funding from various investors, including Power Fund III and Lifeline Ventures Oy, as well as support from the Finnish Funding Agency for Technology and Innovation.

Varjo

Series D in 2022
Varjo Technologies develops headset capable of both virtual and augmented reality. It uses that phrase with two meanings in mind. For one thing, the company’s headset offers resolution in the center of the screen that is good enough to hide individual pixels. But the headset’s display also mimics how human vision works in general. The high-density displays occupies the center of the field of view in headset, and surrounds by lower-resolution displays at the left and right edges. The company was founded in 2016 and is headquartered in Helsinki, Finland.

TILT Biotherapeutics

Venture Round in 2022
TILT Biotherapeutics Ltd is a preclinical stage biotechnology company based in Helsinki, Finland, focused on developing genetically modified oncolytic viruses to improve cancer treatments. Established in 2013, the company aims to enhance tumor T-cell therapies through its patented technology, which utilizes oncolytic viruses to modify the tumor microenvironment and counteract its immune-suppressive properties. TILT Biotherapeutics is advancing several product candidates, including TILT-123, TILT-234, and TILT-321, and plans to translate its innovative approach into clinical trials. The technology is designed to bolster the effectiveness of tumor-infiltrating lymphocyte (TIL) therapies, chimeric antigen receptor (CAR-T) therapies, and checkpoint inhibitors, potentially achieving outcomes in solid tumors similar to those seen in hematological cancers.

Meeat Food Tech Oy

Seed Round in 2022
Meeat is a food and agriculture industry that focuses on developing sustainable products. Meeat is headquartered inEspoo, Southern Finland.

NoHo Partners

Post in 2022
NoHo Partners Plc is a Finnish restaurant group behind approximately 250 restaurants, bars, pubs, nightclubs and entertainment centres. The name derives from the words ‘Nordic Hospitality Partners’, which communicate the key goals, opportunities and strengths of the Group.

Gubbe

Seed Round in 2022
Service for helping elders with their daily chores.

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.

Valpas

Seed Round in 2022
Valpas Enterprises Oy is a Finnish company based in Helsinki that specializes in developing and manufacturing solutions to prevent bed bug infestations in the hospitality industry. The company's primary product is the Smart bed leg, a hardware technology designed to trap bed bugs, ensuring safety for both guests and hotels. Additionally, Valpas offers a web service that provides real-time updates on room status, enhancing operational efficiency. Valpas's solutions are highly regarded by notable hotels and temporary living providers, helping them maintain high hygiene standards while alleviating concerns over bed bugs. Founded in 2013 and previously known as Totem Hospitality Oy, Valpas aims to boost bookings and minimize operational headaches for its clients.

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.

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™.

Naava

Funding Round in 2022
Naava specializes in developing living green walls technology aimed at improving indoor air quality and enhancing overall well-being. By utilizing bioactive plants, Naava creates environments that purify air, reduce harmful chemicals, and provide natural humidity, making it easier for individuals and businesses to incorporate the benefits of nature into their indoor spaces. The company's innovative solutions address the need for healthier living and working environments, especially as people spend a significant portion of their time indoors, often exposed to synthetic air. Naava's mission is to reconnect people with nature, allowing them to experience the refreshing quality of Nordic forest air, even in urban settings.

Uute Scientific

Funding Round in 2022
Uute Scientific Oy is a biotechnology company that offers its products available to families with young children through several standard consumer products. Uute Scientific Oy was founded in 2019 and headquartered in Southern Finland, Finland.

Singa

Funding Round in 2021
Singa is the Spotify of karaoke for personal and commercial use. Access a catalog of 20 000+ songs to sing effortlessly anywhere, any time and with any platform. Easy to use is Singa’s main operating principle. You don’t need to buy a console, or a microphone, or even a DVD-player. Singa is platform agnostic. To use Singa, you’ve already got everything you need either in your pocket (mobile phone), on your table (PC) or in your living room (TV). * One account works on all devices, mobile, browser or Smart TV * Each user gets to test Singa for free before signing up to a Premium account * Singa works fluently with external accessories

Alvar Pet

Seed Round in 2021
Alvar Pet Oy produces dog food. The company allows the customer to create suitable recommendation for dog food according their dog’s needs. The company’s products include dog food for an adult dog, small dog, puppy, biting dog, seniors, vegetarian dog, active do, and big dog. The company also provides transportation of raw materials to the consumer’s door, and the recycling of packaging material service. The company provides home delivery service. Alvar Pet Oy was incorporated in 2019 and is based in Helsinki, Finland.

Dispelix

Series B in 2021
Dispelix Oy, established in 2015 and headquartered in Espoo, Finland, specializes in the design and manufacture of optical see-through near-to-the-eye display technology for smart glasses. The company's flagship product, DiSPEL, employs a lens-like light guide to seamlessly project virtual images into the user's field of view, enhancing the functionality of various image sources including LCOS, LCD, LED, and laser. Dispelix aims to address the critical design challenges of optical see-through displays, which are essential for the performance and user experience of smart glasses. By focusing on these innovative technologies, Dispelix is positioning itself as a key player in the evolving smart eyewear market.
Aurora Propulsion Technologies Oy provides satellite manufacturers with highly reliable mass produced and high quality, components for attitude (orientation) and orbit control. The vision is to enable small (1- 15 kg) satellite manufacturers to be able to conduct their satellite missions effectively and take their satellites anywhere, be it to Low Earth orbit or other planets in the solar system.

Wirepas

Venture Round in 2021
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.

MaaS Global

Series B in 2021
MaaS Global Ltd is a mobility operator based in Helsinki, Finland, founded in 2015. The company focuses on developing a mobility as a service (MaaS) application that integrates public and private transportation providers into a unified mobile service. By offering a single-ticket system, the application allows users to access various transport options and create personalized travel plans that cater to their specific needs. In addition to transportation services, MaaS Global also provides value-added services, such as grocery and meal deliveries, enhancing the overall user experience. The company aims to offer an alternative to car ownership by delivering a comprehensive and efficient mobility solution that promotes sustainable transport practices.

#Rens

Seed Round in 2021
Rens, Inc. is a manufacturer based in Helsinki, Finland, specializing in eco-friendly footwear. Established in 2019, the company produces waterproof sneakers made from recycled coffee and plastic materials. These innovative sneakers feature a precision air intake system located at the heel and sole, enhancing ventilation and breathability while ensuring complete waterproof protection. Rens aims to provide customers with lightweight sneakers that offer increased flexibility and responsive cushioning, combining style and sustainability in its products.

Geyser Batteries

Funding Round in 2021
Geyser Batteries Oy develops and manufactures novel high-power ultra-durable batteries capable of withstanding millions of cycles of ultra-fast (seconds) charge and discharge. This novel type of batteries is environmentally safe in production, use and disposal and requires zero maintenance. It is fire safe and works even at -60C. Geyser batteries’ products are ideally suited for all applications where fast and efficient charging is critical, as well as the tasks where reliability and safety are your prime concerns.

HEI Schools

Series A in 2021
HEI Schools specializes in providing a comprehensive Finnish early learning model tailored to meet the diverse needs of early education operators globally. The company offers a range of services, including a digital curriculum platform that helps educational institutions streamline lesson planning and resource management. Through its Teacher Certificate program, educators can gain insights into the renowned Finnish educational approach. Additionally, HEI Schools Learning Centers provide a fully branded, turn-key solution encompassing teacher training, thoughtfully designed learning environments, and ongoing operational support, all while delivering a high-quality curriculum. The company's offerings promote holistic child development and well-being, ensuring that academic skills are also prioritized.

Bob W

Seed Round in 2021
Bob W is a provider of short-stay accommodation services that offers an alternative to traditional hotels. The company operates a managed marketplace of serviced apartments that combine the quality standards and amenities of a lifestyle hotel with the authenticity and functionality of a home. Each apartment is locally designed, work-friendly, and equipped with hotel linens and professional cleaning services. Additionally, the accommodations feature fully equipped kitchens, access to local gyms, and curated breakfast options. This approach allows travelers to easily find and enjoy short-stay accommodations tailored to their needs while ensuring a high standard of service and ecological mindfulness.

Altum Technologies

Venture Round in 2021
Altum Technologies Oy specializes in power ultrasound technology to effectively remove fouling from industrial equipment, offering solutions that enhance process efficiency across various sectors, including mining, paper, oil and gas, and chemical production. Founded in 2016 and headquartered in Helsinki, Finland, the company has developed six specialized devices for key equipment such as filters, heat exchangers, pipes, reactors, cooling towers, and tanks. Altum's innovative approach allows for cleaning without production downtime, eliminating the need for chemicals, reducing maintenance, and improving health and safety. Their unique software-guided system utilizes advanced beam-forming techniques to target and eliminate various types of fouling—such as biofouling, mineral scaling, and chemical fouling—while ensuring compliance with environmental regulations. This patented technology can be externally applied to existing equipment without requiring modifications, making it a versatile solution for industries facing significant fouling-related costs.

M-Files

Series C in 2021
M-Files Inc. develops a document management platform designed to enhance the efficiency of information retrieval and sharing within organizations. The platform offers a variety of features, including checkout/in capabilities, document templates, workflows, scanning and OCR, and robust security measures. Unlike traditional content management systems, M-Files integrates seamlessly with existing systems and processes without the need for data migration, allowing users to access information stored across various repositories, such as network folders and CRM or ERP systems. The company's solutions are utilized by thousands of organizations worldwide, including notable clients like NBC Universal and Rovio. Founded in 2009 and headquartered in Plano, Texas, M-Files Inc. operates as a subsidiary of M-Files Corporation and also provides system integration services to enhance compatibility with tools such as SAP and Microsoft Office.

Akkurate

Convertible Note in 2020
Akkurate Oy is a Finnish company specializing in mobile battery consulting, analysis, diagnostics, and engineering services. Founded in 2016 and based in Kaarina, the company offers a comprehensive range of services, including technology consulting, testing and analysis, specification optimization, charging system design, and manufacturing assessments. Akkurate conducts extensive electrical performance and safety testing, encompassing capacity measurements, cycle life tests, protection circuit verification, and thermal hazard assessments. The firm also provides in-depth battery analysis through advanced techniques such as x-ray analysis and Scanning Electron Microscope (SEM) analysis. With a skilled team experienced in battery production, development, and lifecycle management, Akkurate aims to minimize risks associated with lithium-ion batteries and deliver reliable solutions tailored to client needs.

FIFAX

Venture Round in 2020
Fifax Ab's business idea is to cultivate a first-class rainbow trout with a modern, innovative and environmentally friendly method. To this end, Fifax has built a fish farm for a dry land using the Circulating Technique (RAS). The plant is located in Eckerö, Storby, on the western Åland. Fifax Ab's goal is to produce the best, domestic, good quality and fresh rainbow trout.

Unikie

Series A in 2020
Unikie Oy is a software development company based in Tampere, Finland, with additional offices in several cities across the country. Founded in 2015, the company specializes in creating tailored software solutions for various sectors, including automotive, telecommunications, heavy industry, and maritime. Unikie focuses on integrating advanced technologies such as three-dimensional modeling and artificial intelligence to enhance self-driving vehicles and devices. Their expertise encompasses application development, embedded software, system integration, and IT systems testing, allowing clients to effectively implement their projects. Unikie partners with clients on key initiatives, providing skilled software development professionals to meet the demanding requirements of the automotive, telecom, and mobile industries, among others.

IQM

Series A in 2020
IQM Finland Oy is a company that specializes in the development and manufacturing of hardware systems for quantum computing. Founded in 2018 and headquartered in Espoo, Finland, IQM focuses on creating scalable quantum processors based on superconducting technology. The company aims to advance quantum computing capabilities, facilitating solutions that can benefit both industry and society. As a spin-out from Aalto University and the VTT Technical Research Centre of Finland, IQM has made significant strides in areas such as thermal management, which enhances computational speed and information accuracy. These innovations establish IQM as a key player in the global movement towards practical, large-scale quantum computing solutions.

ICEYE

Series C in 2020
ICEYE Oy, founded in 2014 and based in Espoo, Finland, operates a commercial constellation of radar imaging satellites that provide real-time synthetic aperture radar (SAR) imagery. The company delivers timely and reliable satellite data, enabling users to monitor various activities and events, including illegal fishing, oil spills, storm damage, crop growth, and flood impacts. ICEYE’s technology supports sectors such as maritime operations, disaster management, insurance, and finance by offering frequent coverage, day and night. This innovative approach addresses the critical need for actionable information and empowers clients to make informed decisions across governmental and commercial industries.

Disior

Series A in 2020
Disior Oy is a Finnish company specializing in software solutions for diagnostics and treatment optimization in medical imaging. Established in 2016 and headquartered in Helsinki, Disior's software enables automatic measurement of critical parameters such as shapes, sizes, and volumes from CT and MRI images. By creating mathematical 3D models of tissues, the software aids in fracture detection, visualization for surgical planning, and modeling of strength and durability. It is particularly applicable for maxillofacial, wrist, and orbital fractures, allowing healthcare professionals to analyze images effectively and predict changes in critical structures over time. Disior’s technology combines expertise in engineering, research and development, and medical fields, ensuring accurate and reproducible measurements that enhance diagnostic accuracy and patient-specific treatment planning.

Varjo

Series C in 2020
Varjo Technologies develops headset capable of both virtual and augmented reality. It uses that phrase with two meanings in mind. For one thing, the company’s headset offers resolution in the center of the screen that is good enough to hide individual pixels. But the headset’s display also mimics how human vision works in general. The high-density displays occupies the center of the field of view in headset, and surrounds by lower-resolution displays at the left and right edges. The company was founded in 2016 and is headquartered in Helsinki, Finland.

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™.

Phaver

Pre Seed Round in 2020
Phaver is a platform for sharing favourite things from products to local services with friends and followers while earning affiliate revenue on any monetizable recommendations. With Phaver, influencers can generate recurring revenue without jeopardizing their personal brands, users can discover better products, and delight friends by sharing their own favourites, simultaneously driving incremental conversions for brands with happy customers.

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.

BC Platforms

Series C in 2019
BC Platforms specializes in genomic data management solutions aimed at tackling significant healthcare challenges. The company offers a robust data management platform that facilitates the integration, secure analysis, and interpretation of molecular and clinical data. By combining genomics with IT, BC Platforms empowers health organizations to make informed decisions in drug development and delivery. Their systematic and standardized approach allows for efficient handling of complex health data, ultimately supporting improved outcomes in healthcare.

Endev

Venture Round in 2019
Endev Oy, founded in 2010 and based in Kotka, Finland, specializes in developing thermal treatment solutions for industrial sludge and wastewater. The company offers innovative technologies, including its patented PAKU solution, which efficiently manages municipal sludge. Endev's approach utilizes a unique combination of a circulating mass dryer and reactor to convert sludge, a by-product of wastewater treatment, into a renewable resource. This process not only recovers energy and nutrients but also helps industries reduce costs associated with the thermal treatment of biomass. Through its clean technology, Endev aims to address environmental challenges while promoting sustainable practices in sludge management.

Verto Analytics

Series C in 2019
Verto Analytics Inc. specializes in audience cross-platform measurement solutions that monitor consumer behavior across various devices, applications, and platforms. The company operates a passive metering panel that captures extensive data on user interactions, enriching insights for researchers, advertisers, and publishers. Verto offers several products, including Verto App Watch, which analyzes daily usage patterns and demographics of mobile app users, and Verto Watch, designed to help device vendors and carriers understand consumer usage of their products. Additionally, Verto Content Watch assists publishers in measuring audience reach and market dynamics, while tools like Verto Index and Verto Retention Reports provide insights into cross-device usage and application performance metrics. With a focus on delivering comprehensive measurement methodologies, Verto Analytics enables brands and organizations to optimize audience acquisition, retention, and monetization strategies. Founded in 2013, the company is headquartered in New York City, with additional offices in San Francisco, London, and Helsinki.

IQM

Seed Round in 2019
IQM Finland Oy is a company that specializes in the development and manufacturing of hardware systems for quantum computing. Founded in 2018 and headquartered in Espoo, Finland, IQM focuses on creating scalable quantum processors based on superconducting technology. The company aims to advance quantum computing capabilities, facilitating solutions that can benefit both industry and society. As a spin-out from Aalto University and the VTT Technical Research Centre of Finland, IQM has made significant strides in areas such as thermal management, which enhances computational speed and information accuracy. These innovations establish IQM as a key player in the global movement towards practical, large-scale quantum computing solutions.

Picosun

Venture Round in 2019
Picosun Oy, based in Espoo, Finland, specializes in providing atomic layer deposition (ALD) equipment and solutions for various industries and research institutions globally. The company offers a range of products, including the PICOSUN P-series for high-volume manufacturing, the R-series for research and development, and specialized tools for applications in printed electronics and medical devices. Their portfolio also includes vacuum cluster tools, particle coating systems, and diffusion enhancers, facilitating advanced processes like OLED encapsulation and thin film battery production. Picosun's technology supports diverse markets such as integrated circuits, micro-electromechanical systems, and medical equipment. Established in 1997, the company maintains a robust global presence with operations in the United States and Singapore, and a research and production facility in Masala, Finland. Picosun's extensive sales and support network spans over 30 countries, ensuring reliable service and product accessibility to its customers.

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.

Dispelix

Series A in 2018
Dispelix Oy, established in 2015 and headquartered in Espoo, Finland, specializes in the design and manufacture of optical see-through near-to-the-eye display technology for smart glasses. The company's flagship product, DiSPEL, employs a lens-like light guide to seamlessly project virtual images into the user's field of view, enhancing the functionality of various image sources including LCOS, LCD, LED, and laser. Dispelix aims to address the critical design challenges of optical see-through displays, which are essential for the performance and user experience of smart glasses. By focusing on these innovative technologies, Dispelix is positioning itself as a key player in the evolving smart eyewear market.

Nosto

Series B in 2018
Nosto Solutions Oy specializes in e-commerce personalization solutions for online retailers worldwide. Founded in 2011 and headquartered in Helsinki, Finland, the company offers a platform-independent software-as-a-service (SaaS) solution that enables retailers to provide real-time personalized product recommendations throughout the shopping journey. Nosto's technology is designed to enhance the online shopping experience, making it accessible for businesses of all sizes. Their offerings include automated marketing tools such as onsite product recommendations, personalized emails, and targeted advertisements on platforms like Facebook and Instagram. Nosto has served notable clients, including brands like Angry Birds and Intersport, helping retailers increase conversion rates, customer retention, and overall store revenues. The company also has offices in key global markets, including New York, Los Angeles, Berlin, Stockholm, and London.

Verto Analytics

Series C in 2018
Verto Analytics Inc. specializes in audience cross-platform measurement solutions that monitor consumer behavior across various devices, applications, and platforms. The company operates a passive metering panel that captures extensive data on user interactions, enriching insights for researchers, advertisers, and publishers. Verto offers several products, including Verto App Watch, which analyzes daily usage patterns and demographics of mobile app users, and Verto Watch, designed to help device vendors and carriers understand consumer usage of their products. Additionally, Verto Content Watch assists publishers in measuring audience reach and market dynamics, while tools like Verto Index and Verto Retention Reports provide insights into cross-device usage and application performance metrics. With a focus on delivering comprehensive measurement methodologies, Verto Analytics enables brands and organizations to optimize audience acquisition, retention, and monetization strategies. Founded in 2013, the company is headquartered in New York City, with additional offices in San Francisco, London, and Helsinki.

ICEYE

Series B in 2018
ICEYE Oy, founded in 2014 and based in Espoo, Finland, operates a commercial constellation of radar imaging satellites that provide real-time synthetic aperture radar (SAR) imagery. The company delivers timely and reliable satellite data, enabling users to monitor various activities and events, including illegal fishing, oil spills, storm damage, crop growth, and flood impacts. ICEYE’s technology supports sectors such as maritime operations, disaster management, insurance, and finance by offering frequent coverage, day and night. This innovative approach addresses the critical need for actionable information and empowers clients to make informed decisions across governmental and commercial industries.

Kaiku Health

Series A in 2018
Kaiku Health Oy develops and delivers user-centered software solutions for patients, doctors, and nurses to communicate online. It develops a communication and follow-up solution for cancer patients to communicate with medical staff in Swedish, English, German, and Finnish languages. The company serves clinics and university hospitals in Finland, Sweden, and Switzerland. Kaiku Health Oy was formerly known as Netmedi Oy and changed its name to Kaiku Health Oy in September 2017. The company was founded in 2012 and is based in Helsinki, Finland. As of May 15, 2020, Kaiku Health Oy operates as a subsidiary of Elekta AB (publ).

Oura

Series A in 2018
Oura is a pioneering sleep performance platform, focused on improving sleep that leads to a better life. The Oura Ring and app gives users daily feedback to improve their health, allowing users to better understand their body and reach their goals. Oura Health OyLtd. is a health technology company founded in Oulu, Finland in 2013. In 2018, the company received the Red Dot Awards for communications design and product design. Backed by world-class investors, leaders, champions, and creators, Oura Health is based in Oulu & Helsinki, Finland, and San Francisco, California.

Midaxo

Series B in 2018
Midaxo Oy offers cloud-based software that helps merger and acquisition professionals and deal owners to systematize and run their mergers and acquisitions, integrations, and other management processes. Its software offers solutions for multi-process management, pipeline management, project management, task management, issues/risks management, document management, and account management. The company serves customers in the United States, Europe, and internationally. Midaxo Oy was founded in 2011 and is headquartered in Helsinki, Finland.

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.

Zervant

Series B in 2018
Zervant Oy is a developer of online invoicing software tailored for small businesses and entrepreneurs, primarily operating in Finland, Sweden, France, Germany, the United Kingdom, Belgium, and Austria. Founded in 2009 and headquartered in Espoo, Finland, Zervant offers a comprehensive invoicing platform that includes features such as expense management, time tracking, and integrated payment solutions. The software is designed to assist sole traders and small enterprises in automating their invoicing processes, thereby enhancing operational efficiency. Zervant serves a diverse clientele, including photographers, freelance sales professionals, business consultants, and designers, providing support services to meet their specific needs.

MariaDB

Series C in 2017
MariaDB Corporation Ab develops and delivers an open source relational database designed for database administrators and application developers. The company offers MariaDB Enterprise, an enterprise-grade database solution that includes features such as backup and recovery, support, and monitoring. This subscription-based service supports organizations using MariaDB and MySQL in production environments. In addition to its core offerings, MariaDB provides a variety of services including architecture planning, database migration, performance tuning, and training. The company has a significant presence in the cloud, operating in major public clouds and Linux distributions, and serves a diverse range of clients, including many Fortune 500 companies. Founded in 2010 and headquartered in Espoo, Finland, with additional offices in California, MariaDB is supported by the MariaDB Foundation, which promotes continuity and collaboration in the MariaDB ecosystem.

Enevo

Series C in 2017
Enevo Oy, founded in 2010 and headquartered in Espoo, Finland, specializes in waste management analytics. The company develops software that utilizes ultrasonic sonar technology to monitor fill levels in waste containers, providing valuable data to commercial clients, haulers, and municipalities. Enevo's solutions help streamline waste management operations and enhance the financial, environmental, and social impacts of waste handling. The company serves a diverse customer base, including restaurants, retailers, and commercial properties across North America and Europe, often through resellers in countries like the Netherlands, Belgium, and Norway. With a focus on innovation, Enevo offers a predictive, end-to-end solution that automates the planning and logistics of waste and recycling services. The company has secured over $34 million in private equity funding to support its technological advancements and operational processes.

BCB Medical

Private Equity Round in 2017
BCB Medical Ltd. is a healthcare software company headquartered in Turku, Finland, with additional offices in Oulu, Tampere, and Espoo. Founded in 2003, the company specializes in the collection, management, processing, and utilization of medical information for tissue banks, hospitals, and hospital districts primarily in the Nordic countries. BCB Medical develops various solutions, including the Disease-Specific Bullet Registry, which integrates multiple information management systems related to patient care. The company also offers Omavointi, a self-help service that facilitates patient engagement in their health management, and BCB 360°, a data service that analyzes and visualizes information from various medical registries. BCB Medical provides registry solutions across multiple medical specialties, including orthopedics, oncology, neurology, and more, while maintaining a strong focus on compliance with healthcare regulations and delivering high-quality, transparent services to enhance treatment processes.

BC Platforms

Series B in 2017
BC Platforms specializes in genomic data management solutions aimed at tackling significant healthcare challenges. The company offers a robust data management platform that facilitates the integration, secure analysis, and interpretation of molecular and clinical data. By combining genomics with IT, BC Platforms empowers health organizations to make informed decisions in drug development and delivery. Their systematic and standardized approach allows for efficient handling of complex health data, ultimately supporting improved outcomes in healthcare.

Visedo

Debt Financing in 2016
Visedo Oy develops, manufactures and delivers electrical drive trains for heavy mobile work machine, marine vessel and bus applications. The drive trains are suitable for both hybrid electric (HEV) and electric vehicle (EV) solutions to harsh operating environment. The latest technology offers the optimal solutions to save fuel and to lower emission and noise levels. The company is located in Lappeenranta, Finland.

Midaxo

Series A in 2016
Midaxo Oy offers cloud-based software that helps merger and acquisition professionals and deal owners to systematize and run their mergers and acquisitions, integrations, and other management processes. Its software offers solutions for multi-process management, pipeline management, project management, task management, issues/risks management, document management, and account management. The company serves customers in the United States, Europe, and internationally. Midaxo Oy was founded in 2011 and is headquartered in Helsinki, Finland.

Verto Analytics

Series B in 2016
Verto Analytics Inc. specializes in audience cross-platform measurement solutions that monitor consumer behavior across various devices, applications, and platforms. The company operates a passive metering panel that captures extensive data on user interactions, enriching insights for researchers, advertisers, and publishers. Verto offers several products, including Verto App Watch, which analyzes daily usage patterns and demographics of mobile app users, and Verto Watch, designed to help device vendors and carriers understand consumer usage of their products. Additionally, Verto Content Watch assists publishers in measuring audience reach and market dynamics, while tools like Verto Index and Verto Retention Reports provide insights into cross-device usage and application performance metrics. With a focus on delivering comprehensive measurement methodologies, Verto Analytics enables brands and organizations to optimize audience acquisition, retention, and monetization strategies. Founded in 2013, the company is headquartered in New York City, with additional offices in San Francisco, London, and Helsinki.

Optofidelity

Venture Round in 2016
OptoFidelity was born under the northern lights of the high technology community in Finland. It was born from founders’ desire to experiment with multi-disciplinary technology and its capabilities. Today we are globally recognized pioneers in robot assisted testing & quality assurance, and our customers are leading manufacturers of smart phones, tablets, laptops, automotive infotainment and industrial smart machinery. Our solutions bring joy and satisfaction to millions of consumers worldwide by improving smart device user experience and quality. We are proud of our testing solutions and determined to keep exceeding the standards.

M-Files

Series B in 2016
M-Files Inc. develops a document management platform designed to enhance the efficiency of information retrieval and sharing within organizations. The platform offers a variety of features, including checkout/in capabilities, document templates, workflows, scanning and OCR, and robust security measures. Unlike traditional content management systems, M-Files integrates seamlessly with existing systems and processes without the need for data migration, allowing users to access information stored across various repositories, such as network folders and CRM or ERP systems. The company's solutions are utilized by thousands of organizations worldwide, including notable clients like NBC Universal and Rovio. Founded in 2009 and headquartered in Plano, Texas, M-Files Inc. operates as a subsidiary of M-Files Corporation and also provides system integration services to enhance compatibility with tools such as SAP and Microsoft Office.

Vaadin

Venture Round in 2016
Vaadin provides an components and tools for developing creating business oriented single page web applications with that run on any mobile device or desktop browser. Vaadin Framework allows building compelling HTML5 based user interfaces with established Java platform and tooling. It reduces complexity by removing need to program the web and the communication layers. Vaadin Elements build on top of Google Polymer, providing web components for front-end developers. Company supports the open source core products with commercial add-on components, tools, support and services. With over 150,000 developers, Vaadin Framework is one of the most popular web frameworks for building business applications on Java platform. It is used by some of the largest enterprises and public organizations around the world.

Enevo

Series B in 2015
Enevo Oy, founded in 2010 and headquartered in Espoo, Finland, specializes in waste management analytics. The company develops software that utilizes ultrasonic sonar technology to monitor fill levels in waste containers, providing valuable data to commercial clients, haulers, and municipalities. Enevo's solutions help streamline waste management operations and enhance the financial, environmental, and social impacts of waste handling. The company serves a diverse customer base, including restaurants, retailers, and commercial properties across North America and Europe, often through resellers in countries like the Netherlands, Belgium, and Norway. With a focus on innovation, Enevo offers a predictive, end-to-end solution that automates the planning and logistics of waste and recycling services. The company has secured over $34 million in private equity funding to support its technological advancements and operational processes.

Onbone

Venture Round in 2015
Onbone Oy is a Finnish medical technology company based in Helsinki, specializing in the development and marketing of innovative Woodcast products designed for orthopedic and traumatology applications. The Woodcast product line includes various items such as ribbons, colored splints, folded splints, and heating devices, which are aimed at improving patient care and treatment outcomes. The company distributes its products through local distributors in multiple countries, including Finland, Germany, Sweden, the Netherlands, and Great Britain. Established in 2008, Onbone Oy was previously known as Injectobone Finland Oy before rebranding in January 2010. With a dedicated team of eleven employees, Onbone focuses on providing user-friendly solutions in the medical technology sector.

LeadDesk

Series A in 2015
LeadDesk Oy develops and supplies cloud-based sales and customer service software primarily in the Nordic countries, with a focus on high-volume calling activities. The company's offerings include solutions for outbound and inbound sales, customer service, and pricing, catering to various industries such as media, security services, energy, telecommunications, financial services, and market research. Headquartered in Helsinki, Finland, LeadDesk aims to streamline sales processes and enhance customer interactions by providing a user-friendly platform that organizes leads and automates next steps. This allows agents to concentrate on customer engagement while team leaders benefit from straightforward campaign management and reporting tools. LeadDesk's software can function as a standalone system or integrate with existing CRM solutions, facilitating seamless communication through landline, VoIP, or GSM.

NewIcon

Venture Round in 2014
NewIcon Oy is a prominent health technology company established in 2007, specializing in automated medication dispensing systems for hospitals and retail pharmacies. As the leading provider of pharmacy automation solutions in Finland, NewIcon has successfully implemented its systems in over 100 pharmacies and hospitals across several countries, including Denmark, Russia, Israel, Iran, and China. The company employs around 70 individuals and has achieved a turnover exceeding € 7 million. By leveraging robotics and advanced software, NewIcon aims to enhance efficiency and safety in medication distribution, allowing healthcare professionals to concentrate on patient care. The organization adheres to a certified ISO 9001 quality management system, ensuring high standards in its operations.

Enevo

Series A in 2014
Enevo Oy, founded in 2010 and headquartered in Espoo, Finland, specializes in waste management analytics. The company develops software that utilizes ultrasonic sonar technology to monitor fill levels in waste containers, providing valuable data to commercial clients, haulers, and municipalities. Enevo's solutions help streamline waste management operations and enhance the financial, environmental, and social impacts of waste handling. The company serves a diverse customer base, including restaurants, retailers, and commercial properties across North America and Europe, often through resellers in countries like the Netherlands, Belgium, and Norway. With a focus on innovation, Enevo offers a predictive, end-to-end solution that automates the planning and logistics of waste and recycling services. The company has secured over $34 million in private equity funding to support its technological advancements and operational processes.

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.

Visedo

Venture Round in 2013
Visedo Oy develops, manufactures and delivers electrical drive trains for heavy mobile work machine, marine vessel and bus applications. The drive trains are suitable for both hybrid electric (HEV) and electric vehicle (EV) solutions to harsh operating environment. The latest technology offers the optimal solutions to save fuel and to lower emission and noise levels. The company is located in Lappeenranta, Finland.

Scoopshot

Series A in 2013
Scoopshot operates an online marketplace that connects mobile photographers with news media organizations globally. The platform allows users to download a free app to capture newsworthy images and submit them for sale through the Scoopshot Store. It facilitates an ecosystem for crowdsourcing photography by enabling buyers, such as media companies and brands, to create location-based assignments and campaigns. This model enhances the ability of companies to engage with a diverse network of talented mobile photographers, making it easier to source unique and timely visuals for various media needs.

MariaDB

Series B in 2013
MariaDB Corporation Ab develops and delivers an open source relational database designed for database administrators and application developers. The company offers MariaDB Enterprise, an enterprise-grade database solution that includes features such as backup and recovery, support, and monitoring. This subscription-based service supports organizations using MariaDB and MySQL in production environments. In addition to its core offerings, MariaDB provides a variety of services including architecture planning, database migration, performance tuning, and training. The company has a significant presence in the cloud, operating in major public clouds and Linux distributions, and serves a diverse range of clients, including many Fortune 500 companies. Founded in 2010 and headquartered in Espoo, Finland, with additional offices in California, MariaDB is supported by the MariaDB Foundation, which promotes continuity and collaboration in the MariaDB ecosystem.

MetGen

Series A in 2013
MetGen develops and produces enzymes tailored to industrial customer needs. MetZymes are enzymes belonging to the class of multicopper oxidases. These enzymes are involved in several oxidative functions and particularly in delignification. MetGen have created biological enzymes that can be added into the pulp mix to separate wood fibres more effectively before the thermo-mechanical pulping stage, radically improving the energy efficiency of the whole pulp-making process.

M-Files

Series A in 2013
M-Files Inc. develops a document management platform designed to enhance the efficiency of information retrieval and sharing within organizations. The platform offers a variety of features, including checkout/in capabilities, document templates, workflows, scanning and OCR, and robust security measures. Unlike traditional content management systems, M-Files integrates seamlessly with existing systems and processes without the need for data migration, allowing users to access information stored across various repositories, such as network folders and CRM or ERP systems. The company's solutions are utilized by thousands of organizations worldwide, including notable clients like NBC Universal and Rovio. Founded in 2009 and headquartered in Plano, Texas, M-Files Inc. operates as a subsidiary of M-Files Corporation and also provides system integration services to enhance compatibility with tools such as SAP and Microsoft Office.

Enevo

Seed Round in 2013
Enevo Oy, founded in 2010 and headquartered in Espoo, Finland, specializes in waste management analytics. The company develops software that utilizes ultrasonic sonar technology to monitor fill levels in waste containers, providing valuable data to commercial clients, haulers, and municipalities. Enevo's solutions help streamline waste management operations and enhance the financial, environmental, and social impacts of waste handling. The company serves a diverse customer base, including restaurants, retailers, and commercial properties across North America and Europe, often through resellers in countries like the Netherlands, Belgium, and Norway. With a focus on innovation, Enevo offers a predictive, end-to-end solution that automates the planning and logistics of waste and recycling services. The company has secured over $34 million in private equity funding to support its technological advancements and operational processes.

MetGen

Venture Round in 2013
MetGen develops and produces enzymes tailored to industrial customer needs. MetZymes are enzymes belonging to the class of multicopper oxidases. These enzymes are involved in several oxidative functions and particularly in delignification. MetGen have created biological enzymes that can be added into the pulp mix to separate wood fibres more effectively before the thermo-mechanical pulping stage, radically improving the energy efficiency of the whole pulp-making process.

Scoopshot

Venture Round in 2013
Scoopshot operates an online marketplace that connects mobile photographers with news media organizations globally. The platform allows users to download a free app to capture newsworthy images and submit them for sale through the Scoopshot Store. It facilitates an ecosystem for crowdsourcing photography by enabling buyers, such as media companies and brands, to create location-based assignments and campaigns. This model enhances the ability of companies to engage with a diverse network of talented mobile photographers, making it easier to source unique and timely visuals for various media needs.

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.

MariaDB

Series A in 2012
MariaDB Corporation Ab develops and delivers an open source relational database designed for database administrators and application developers. The company offers MariaDB Enterprise, an enterprise-grade database solution that includes features such as backup and recovery, support, and monitoring. This subscription-based service supports organizations using MariaDB and MySQL in production environments. In addition to its core offerings, MariaDB provides a variety of services including architecture planning, database migration, performance tuning, and training. The company has a significant presence in the cloud, operating in major public clouds and Linux distributions, and serves a diverse range of clients, including many Fortune 500 companies. Founded in 2010 and headquartered in Espoo, Finland, with additional offices in California, MariaDB is supported by the MariaDB Foundation, which promotes continuity and collaboration in the MariaDB ecosystem.

Visionplus

Venture Round in 2012
VisionPlus is a venture capital firm based in Helsinki, Finland, established in 2011. The company focuses on investing in digital products, including applications, games, and services across various digital platforms. Its investment strategy encompasses software-as-a-service, gaming, mobile applications, and internet services. Additionally, VisionPlus occasionally engages in special content intellectual property deals. The firm's management team possesses substantial expertise in technology and entrepreneurship, with experience in seed investments and the successful development of new products and services. Members of the team have also led large-scale development and business organizations in a global context.

Academica

Venture Round in 2011
Academica provides companies with all the necessary IT infrastructure as a service to enable companies to focus on their core competencies and growing their businesses. Academica enhances the company's employees' daily work and dependability with advanced solutions, as well as bring significant cost savings for the company's IT operations throughout the life cycle costs.

Mendor

Series B in 2011
Mendor is a Finnish company focused on designing, developing, and marketing innovative diabetes management products. It has introduced a portable, all-in-one blood glucose meter alongside a web-based software application aimed at facilitating daily diabetes management. Mendor's products are developed in collaboration with users and diabetes experts to meet the specific needs of individuals who require regular blood glucose monitoring. Additionally, the company offers patented software systems that provide real-time data on diabetic care, which enhances the efficacy and efficiency of diabetes treatment for both patients and caregivers.

Silecs

Series E in 2011
Silecs, Inc. develops and manufactures electronic and optical materials specifically for the microelectronics industry, focusing on applications in semiconductors, image sensors, and displays. The company's materials solutions are designed to integrate seamlessly with standard device manufacturing processes. Their products cater to a variety of needs, including low temperature dielectric applications, CMOS sensors, electro-optic devices, and TFT-LCD displays. Silecs operates research and development, and manufacturing facilities in Espoo, Finland, alongside regional support centers in Asia and the United States. Founded in 2000, Silecs is headquartered in Mountain View, California.

Nexstim

Venture Round in 2011
Nexstim Plc is a neuromodulation company based in Helsinki, Finland, that develops and markets non-invasive brain stimulation technologies. The company specializes in image-guided transcranial magnetic stimulation (TMS) through its proprietary SmartFocus technology, which features 3D navigation for both therapeutic and diagnostic purposes. Nexstim offers the NBT system, designed to treat major depressive disorder and chronic neuropathic pain, as well as the NBS system, which is utilized for pre-surgical mapping of the brain's speech and motor cortices. Primarily, the NBS systems are sold to universities and teaching hospitals. Founded in 2000, Nexstim aims to enhance the quality of life for patients with significant unmet clinical needs through its innovative approaches to brain therapy.

European Batteries

Venture Round in 2011
European Batteries Ltd, a Finland-based company that develops and manufactures large, rechargeable lithium-ion based prismatic cells and battery systems.

Beneq

Venture Round in 2011
Beneq Oy, based in Espoo, Finland, specializes in atomic layer deposition (ALD) equipment and thin film coating services. Founded in 2005, the company offers a variety of automated ALD solutions tailored for high-capacity wafer production, as well as research equipment for academic and corporate R&D purposes. Its product range includes batch production ALD solutions for thin film applications and roll-to-roll ALD technologies used in areas such as AMOLED displays, OLED lighting, flexible photovoltaics, and battery production. In addition, Beneq provides various types of electroluminescent displays, including transparent and rugged options, aimed at markets such as transportation, maritime, aeronautics, and defense. As of 2018, Beneq operates as a subsidiary of Qingdao Sifang SRI Intellectual Technology Co. Ltd.

Valmet Automotive

Venture Round in 2010
Valmet Automotive Inc., founded in 1968 and headquartered in Uusikaupunki, Finland, specializes in automotive engineering, manufacturing, and related services. The company produces a diverse range of vehicles, including conventional cars, electric vehicles, and driverless taxis, alongside convertible roof systems. Valmet Automotive is known for its work with premium car manufacturers, providing contractual vehicle manufacturing and electric vehicle battery systems. The company also supplies kinematic systems, such as active spoilers and electric loading flaps, for various applications in the automotive sector. With additional offices in Germany, Poland, and Spain, Valmet Automotive has established itself as a key player in the automotive industry, focusing on innovation and quality in both vehicle production and engineering services.

Confidex

Venture Round in 2010
Confidex is a leading supplier of high-performing contactless ticketing and RFID tag solutions, dedicated to enhancing the efficiency and security of supply chains, transactions, and the authentication of goods and individuals. The company focuses on innovation and collaboration with its customers to address various challenges through a strong combination of RFID tag design expertise, RF engineering, and manufacturing customization. By leveraging these capabilities, Confidex aims to provide tailored solutions that meet the evolving needs of businesses and enhance operational effectiveness.

EpiCrystals

Venture Round in 2009
EpiCrystals Inc. develops advanced light sources for the next generation projection display applications. Their patented DeCIBEL® laser platform enables fabrication of novel ultra-compact and cost-efficient projectors with superior image quality and long lifetime.

WOT Services

Venture Round in 2009
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.

Conformiq

Venture Round in 2009
Conformiq delivers model-based testing (MBT) tools, solutions, and services for the automated design of functional tests, derived from high-level functional models of the software and systems to be tested. Its Conformiq 360○ Test Automation technology enables the next generation of testing transforming, streamlining, and automating even the most complex system-level testing environments.

Fuugo

Series B in 2009
Fuugo is a global integration and development company specializing in the over-the-top (OTT) industry, with over ten years of experience in broadcast and OTT technology. The company offers a comprehensive end-to-end OTT solution that allows media companies to control, manage, and analyze their entire OTT service chain. Its flagship product, Fuugo Symphony, features an integrated dashboard comprising seven solution modules, including signal acquisition, media management, security, content delivery, and data analytics. Fuugo's platform is designed to be flexible and customizable, enabling clients to integrate various vendor solutions seamlessly. This allows broadcasters and content owners to monetize their video content across multiple platforms and devices effectively. By providing a unique marketplace for OTT players, Fuugo positions itself as a reliable partner in the evolving landscape of digital media.

Silecs

Venture Round in 2009
Silecs, Inc. develops and manufactures electronic and optical materials specifically for the microelectronics industry, focusing on applications in semiconductors, image sensors, and displays. The company's materials solutions are designed to integrate seamlessly with standard device manufacturing processes. Their products cater to a variety of needs, including low temperature dielectric applications, CMOS sensors, electro-optic devices, and TFT-LCD displays. Silecs operates research and development, and manufacturing facilities in Espoo, Finland, alongside regional support centers in Asia and the United States. Founded in 2000, Silecs is headquartered in Mountain View, California.

Virtual Air Guitar

Seed Round in 2007
Virtual Air Guitar Company Oy develops console games. Its product, Virtual Air Guitar, is a console game where the player plays air guitar and controls the music with the help of computer vision technology. The company was founded in 2006 and is based in Espoo, Finland.

Nexstim

Venture Round in 2007
Nexstim Plc is a neuromodulation company based in Helsinki, Finland, that develops and markets non-invasive brain stimulation technologies. The company specializes in image-guided transcranial magnetic stimulation (TMS) through its proprietary SmartFocus technology, which features 3D navigation for both therapeutic and diagnostic purposes. Nexstim offers the NBT system, designed to treat major depressive disorder and chronic neuropathic pain, as well as the NBS system, which is utilized for pre-surgical mapping of the brain's speech and motor cortices. Primarily, the NBS systems are sold to universities and teaching hospitals. Founded in 2000, Nexstim aims to enhance the quality of life for patients with significant unmet clinical needs through its innovative approaches to brain therapy.

OptoGaN

Venture Round in 2007
OptoGaN Oy is a company based in Espoo, Finland, specializing in the development and production of high brightness light emitting diodes (LEDs) for solid state lighting applications worldwide. Established in 2004, OptoGaN focuses on various sectors, including indoor and outdoor lighting, automotive lighting, and white LED lamps. The company's flagship product is the OptoGaN f-Power I, a blue-color InGaN LED chip designed for diverse uses. OptoGaN operates a pilot manufacturing line in Dortmund, Germany, and has research and development operations in Helsinki. Additionally, the company has production facilities in Landshut, Germany, and St. Petersburg, Russia, supporting its growth and technological advancements in the global LED market.

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.

Vaadin

Seed Round in 2006
Vaadin provides an components and tools for developing creating business oriented single page web applications with that run on any mobile device or desktop browser. Vaadin Framework allows building compelling HTML5 based user interfaces with established Java platform and tooling. It reduces complexity by removing need to program the web and the communication layers. Vaadin Elements build on top of Google Polymer, providing web components for front-end developers. Company supports the open source core products with commercial add-on components, tools, support and services. With over 150,000 developers, Vaadin Framework is one of the most popular web frameworks for building business applications on Java platform. It is used by some of the largest enterprises and public organizations around the world.

Aspida

Venture Round in 2006
Aspida Oy is a Finnish software company established already in 2002. Since then corporate analysis has been our primary business focus. Our initial customers have been financial inspection units in the public sector. Since the beginning Aspida's products offering has been tightly focused on analysis and visualization tools.

Fuugo

Venture Round in 2006
Fuugo is a global integration and development company specializing in the over-the-top (OTT) industry, with over ten years of experience in broadcast and OTT technology. The company offers a comprehensive end-to-end OTT solution that allows media companies to control, manage, and analyze their entire OTT service chain. Its flagship product, Fuugo Symphony, features an integrated dashboard comprising seven solution modules, including signal acquisition, media management, security, content delivery, and data analytics. Fuugo's platform is designed to be flexible and customizable, enabling clients to integrate various vendor solutions seamlessly. This allows broadcasters and content owners to monetize their video content across multiple platforms and devices effectively. By providing a unique marketplace for OTT players, Fuugo positions itself as a reliable partner in the evolving landscape of digital media.

Concilio Networks

Venture Round in 2006
Concilio Networks provides technology that brings social networks to every mobile phone. Concilio's Community Connect Solution - CCS – can be used with any mobile handset without a special client application in the handset. People can call, chat and see the presence status of their community contacts, remotely set their own presence, subscribe to news feeds, post and see the contents of social media sites and much more. CCS is the solution to convert social networks into an intimate mobile experience.

Max Rumpus

Venture Round in 2006
Max Rumpus Ltd. is an innovative software company providing mobile publishing tools for its global customers. Headquartered in Helsinki, Finland, Max Rumpus is leading the development of products focused on changing the way people create and experience visual communication on mobile devices. The company was founded in 2001 by former employees of Wapit Ltd, a mobile software company in Helsinki. In its first 2 years, Max Rumpus launched its first software product, Yes!Message, and grew a successful consultancy business around software productization services for both mobile and PC based technologies. The first Maxdox products were launched in August of 2003. Today the company has centered its business on providing Maxdox Mobile Publisher.
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