Tesi

Founded in 1995, Tesi is a government agency based in Finland. The firm promotes finnish business and employment and also conducts both direct and indirect investments in companies and investment vehicles.

Heli Ahlroos

Investment Director

KB

Keith Bonnici

Investment Director

MG

Matts Gronholm

CFO

Henri Grundsten

Development Director

JH

Jan-Patrick Haikkola

Investment Manager

Jussi Hattula

Director, Growth and Industrial Investments

Marko Häikiö

CFO

Riitta Jaaskelainen

Investment Director

MK

Matias Kaila

Director, Funds

Joni Karsikas

Investment Director

HK

Heli Kerminen

Director

PL

Petteri Laakso

Investment Director

MN

Mikael Niemi

Investment Director

Tony Nysten

Investment Manager, Venture Capital

Tapio Passinen

Investment Director

Juuso Puolanne

Investment Director

ER

Enni Rautio

Investment Manager

MS

Miikka Salminen

Investment Manager

SS

Samuel Saloheimo

Investment Manager, Growth and Industrial Investments

SW

Samuel Wendelin

Investment Associate

Past deals in Finland

Service-Flow

Seed Round in 2022
Service-Flow is a software service provider specialized in developing and producing the world's first SaaS solution for Service Integration. Service-Flow's all-inclusive solution enables outsourcing service buyers and service providers to integrate ITSM tools and digitalize service processes just by subscribing to Service-Flow SaaS. Connect, configure, run - in a day. Service-Flow offices are located in Helsinki and in London.

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.

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.

Wirepas Ltd.

Venture Round in 2021
Wirepas vision is to enable profitable large-scale business for their customers by unique multi-hop mesh network solution in the fast growing Internet of Things market. Wirepas Pino is the only connectivity solution in the market offering deterministic performance, local radio adaptability capability and very high reliability at any scale, solving one of the most common problems in IoT platforms.

Norsepower Oy Ltd

Series C in 2023
Norsepower Oy Ltd operates as a clean technology and engineering company focusing on generation of renewable wind energy for the global maritime industry. The company provides low-maintenance, software operated, and data verified auxiliary wind propulsion systems. Its rotor sail solution, a spinning cylinder that uses the magnus effect to harness wind power to propel a ship. The company was founded in 2012 and is based in Helsinki, Finland.

MariaDB Corporation Ab

Series B in 2013
MariaDB provides customers, big and small, with enterprise-grade cloud database solutions to realize the benefits of public and private clouds. It is in every major public cloud, major Linux distribution and through SkySQL. Deutsche Bank, DBS Bank, Nasdaq, Red Hat, ServiceNow, Verizon and Walgreens and more than 75% of the Fortune 500 all run MariaDB.

Visionplus

Venture Round in 2012
Vision+ is a Finnish company that invests into digital products such as applications, games and services in all digital platforms. The company also invests in Internet and SaaS services, apps and sometimes in special content IP deals. The Fund’s management team has extensive background in technology, as business angels in seed investments, entrepreneurship and the creation of successful new product, content, services and business. Members of the management team have also run development and business organizations of significant scale in global setting.

Geyser Batteries

Venture 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.

Bob W

Seed Round in 2021
Hotel-like quality standards and scalable, ecologically mindful operations to the world of short stay rentals.

Naava

Funding Round in 2022
Naava reconnects humanity with nature. Future technology embracing millions of years of natural innovation and design lies behind the smartest green walls on the planet. At Naava, we want to help people feel better, healthier and more productive. The environment where we live, learn, and work is important for us. After all, we spend well over 90% of our time in indoors, breathing synthetic, man-made air a thousand times every hour. By 2025 a billion people can choose to breathe Nordic forest air. Everywhere. Naava brings nature inside, everywhere. We allow people to experience nature in the midst of the urban environment. Our brand promise can be explained in one word: breathe.

TILT Biotherapeutics

Venture Round in 2022
TILT Biotherapeutics Ltd, a preclinical stage company, develops genetically modified oncolytic viruses that enhance T-cell therapies for cancer treatment. The company’s patented technology involves utilization of oncolytic viruses for enhancement of tumor T-cell therapy. The company develops TILT-123, TILT-234, and TILT-321 products. TILT Biotherapeutics Ltd was incorporated in 2013 and is based in Helsinki, Finland.

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.

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™.

Gubbe

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

Haltian

Venture Round in 2022
Haltian Oy provides product development services and commercial Internet of Things (IoT) solutions. The company designs and develops imaging devices, IoT and mobile devices, and wearables. It also provides sensors, gateways, and a cloud server System-as a Service for smart spaces. The company was incorporated in 2012 and is based in Oulu, Finland.

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.

Valmet Automotive Inc.

Venture Round in 2010
Valmet Automotive Inc. provides automotive engineering, vehicle manufacturing, convertible roof system, and related business services for the automotive industry. The company offers conventional cars to e-cars to driverless taxis and automated people movers, convertible roof systems, and electric and hybrid vehicles. Valmet Automotive Inc. was formerly known as Saab-Valmet Oy and changed its name to Valmet Automotive Inc. in 1995. The company was founded in 1968 and is based in Uusikaupunki, Finland with additional offices in Finland, Germany, Poland, and Spain.

MariaDB Corporation Ab

Series A in 2012
MariaDB provides customers, big and small, with enterprise-grade cloud database solutions to realize the benefits of public and private clouds. It is in every major public cloud, major Linux distribution and through SkySQL. Deutsche Bank, DBS Bank, Nasdaq, Red Hat, ServiceNow, Verizon and Walgreens and more than 75% of the Fortune 500 all run MariaDB.

Verto Analytics Inc.

Series C in 2019
Verto Analytics (Verto) operates a passive metering panel that provides researchers, advertisers, and publishers the data they need to keep up with the rapid and changing pace of consumer media consumption on every app, device, service, and platform. This ongoing, longitudinal panel captures a wide breadth of behaviors—all enriched to clients’ behavioral analysis or custom survey studies. Our single-source, passive metering data sets provide the information needed to understand the full digital footprint of the U.S. population. Our Data Labs are located in the US, and in Helsinki, Finland. http://www.vertoanalytics.com.

Dispelix Oy

Series B in 2021
Dispelix Oy designs and manufactures optical see-through near-to-the-eye displays technology for smart glasses. It offers DiSPEL, an optical see-through near-to-the-eye display that utilizes a lens-like light guide for transferring the virtual image into the user’s field of view. The company's DiSPEL displays are used in LCOS, LCD, LED, and laser image sources. Dispelix Oy was incorporated in 2015 and is based in Espoo, Finland.

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.

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.

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

Silecs

Venture Round in 2009
Silecs, Inc. develops and manufactures electronic and optical materials for semiconductors, image sensors, and displays to the microelectronics industry. Its materials solutions integrate with standard device manufacturing processes. The company's products are used in low temperature dielectric, CMOS sensor and other electro-optic, TFT-LCD displays and other optical, sub-Al IMD, BPSG leveling, partial and total etchback planarization, masking and other sacrificial, ultra low-k IMD, devices requiring low refractive index films, medium and high temperature, STI, PMD, thick film, passivation, and MEMS applications. It also provides local and regional customer support. The company has operating centers in Asia, the United States, and Europe; and a manufacturing, and research and development facility in Espoo, Finland. Silecs, Inc. was founded in 2000 and is headquartered in Mountain View, California

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™.

Valpas Enterprises Oy

Seed Round in 2022
Valpas Enterprises Oy develops and manufactures a system for hotels to prevent bed bugs. The company offers Smart bed legs, which is a hardware technology that keeps guests and the hotel safe from hitchhiking bed bugs by capturing them inside the bed leg. Its web service provides real time information on room status. The company caters to hospitality industry. Valpas Enterprises Oy was formerly known as Totem Hospitality Oy. The company was incorporated in 2013 and is based in Helsinki, Finland.

Whim

Series B in 2021
They at MaaS believe it’s time for transport to move on and get smarter. As the world’s first ever mobility operator, they’re set to make the biggest change in transport since affordable cars came to market. Their aim is to provide people an alternative to owning a car – an alternative that is not just equally good, but much better. By fulfilling people’s every travel need, complemented by attractive value added services, they are enabling a future of easy, efficient and sustainable mobility.

Helmi Technologies

Series B in 2006
Helmi Technologies, Inc. provides user interface software solutions for enterprise Web developers. The company provides Rich Internet Application Platform that includes Virtual Browser, Intelligent Web Application Structure, UI component library, and Plug-ins for Web-development tools, as well as services, including custom component creation, migration service for current applications, consultation, and support. Helmi Technologies, Inc. was founded in 2004 and is based in Oulu, Finland. The company also has offices in San Jose, California and Helsinki, Finland.

HEI Schools

Series A in 2021
HEI Schools has packaged the Finnish early learning model to benefit the different needs of early education operators around the world. HEI Schools Toolkit digital customers can get ahead of the competition by advertising that they are using a Finnish-based curriculum, as well as save in teacher resources & planning time with continuously updated lesson plans. The Teacher Certificate program participants can learn more about the world-renowned and highly sought-after Finnish educational model. HEI Schools Learning Center customers get to enjoy a turn-key concept with a fully branded model, including teacher training, beautiful space design, global community, and operational support in addition to the high-quality curriculum.

Unikie Oy

Series A in 2020
They are a software development company that develops demanding software solutions for the needs of automotive and machine industry, and telecom and mobile industries. They incorporate unique partnership into their customers’ key projects and provide particularly talented software development experts.

Rens

Seed Round in 2021
RENS, Inc. manufactures water proof sneakers recycled from coffee. The company was founded in 2019 and is based in Helsinki, Finland.

Altum Technologies

Venture Round in 2021
Altum Technology Oy focuses on power ultrasound to remove fouling from industrial equipment. The company designs and develops six devices for specialized equipment such as filters, heat exchangers, pipes, reactors, cooling towers, and tanks. The company caters to mining, paper, oil and gas, and chemical production industries. Altum Technology Oy was founded in 2016 and is headquartered in Helsinki, Finland.

Alvar Pet Oy

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.

Uute Scientific Oy

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.

IQM

Seed Round in 2019
IQM Finland Oy develops and manufactures hardware systems for quantum computing solutions for practical applications. The company manufactures quantum processors for quantum computers. IQM Finland Oy was founded in 2018 and is headquartered in Espoo, Finland.

Virtual Air Guitar Company

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.

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.

Varjo Technologies

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.

ICEYE Oy

Series C in 2020
ICEYE Oy provides real-time access to imagery through optical imaging technology. It enables users to monitor illegal fishing, oil spills, storm damage, and forest growth; monitor crops growth, storm damages, and pest movements; map other planets for resources and ensure exploration safety; monitor flood damage, receive real-time mapping for aid activities, and conduct maritine search and rescue; and monitor port or storage activity, monitor sea ice and icebergs, track pirate vessels, and view highway activity. The company was founded in 2014 and is based in Espoo, 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.

Fuugo

Venture Round in 2006
Fuugo is a global integration and development company in OTT industry. We have over 10 years of unique experience and product portfolio in broadcast and over-the-top technology. We have witnessed the establishment (emergence) and development (evolution) of the OTT industry and we developed a solution that is missing in the market. We provide media companies with an end-to-end OTT solution that controls, configures, manages and analyzes the whole OTT service chain. Our flagship product, Fuugo Symphony, is an integrated dashboard that consists of seven solution modules: Fuugo Ingest (signal acquisition, transcode & transmux, storage), Fuugo Content (media management, advertising), Fuugo Audience (product, subscriber & revenue management), Fuugo Shield (Security, DRM, watermarking/fingerprinting), Fuugo Deliver (Content delivery), Fuugo Xperience (Web & Mobile OTT applications), Fuugo Insights (Data analytics and reporting). Together with Fuugo Director, in-house built API & connector layer, Fuugo is able to integrate any solution offered in the market to just one platform and provide users with a unique marketplace where OTT players can find anything they need from the best vendors. -- We are the pioneers of the industry. We have witnessed the emergence and development of the OTT industry. Thus, with over 10 years unique experience in broadcast and OTT technology we have found a solution that was missing in the market and brought it to life. Fuugo is the most reliable, flexible and competitive partner. We offer a unique end-to-end OTT platform that integrates the high-class vendors from the industry and deliver superior customized solution to each client. Our main competitive advantage is an ability to orchestrate any possible solution available in the market. We will suggest you a pre-integrated vendor according to your needs and requirements or you can bring your own partner to integrate it to the platform!

Vaadin Ltd.

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.

Nexstim Plc

Venture Round in 2007
Nexstim is a medical device company that specializes in image-guided transcranial magnetic stimulation. The company is committed to improving the quality of life of patients with significant unmet clinical needs. It has developed a SmartFocus TMS technology designed for the treatment of the major depressive disorder. The company was founded in 2000 and is headquartered in Helsinki, Southern Finland.

MetGen Oy

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.

IQM

Series A in 2020
IQM Finland Oy develops and manufactures hardware systems for quantum computing solutions for practical applications. The company manufactures quantum processors for quantum computers. IQM Finland Oy was founded in 2018 and is headquartered in Espoo, Finland.

Scoopshot

Venture Round in 2013
Scoopshot connects mobile photographers and news media worldwide. We're building a worldwide ecosystem for crowdsourcing news photos. Users download our free app, snap newsworthy photos, and send them for sale on the Scoopshot Store, worldwide.

Dispelix Oy

Series A in 2018
Dispelix Oy designs and manufactures optical see-through near-to-the-eye displays technology for smart glasses. It offers DiSPEL, an optical see-through near-to-the-eye display that utilizes a lens-like light guide for transferring the virtual image into the user’s field of view. The company's DiSPEL displays are used in LCOS, LCD, LED, and laser image sources. Dispelix Oy was incorporated in 2015 and is based in Espoo, Finland.
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.

ASAN Security Technologies

Venture Round in 2006
ASAN is a leading provider of integrated visual surveillance and recognition solutions in selected vertical global market segments. They develop a standards-based software technology platform and products, which enable our partners to create and deliver integrated visual surveillance solutions. ASAN's current operations evolved from first focusing on providing wired and wireless telemetric solutions that enabled real-time collaboration over both wireless GSM networks and the Internet. The company’s founders were pioneers in using GSM communication technology in telemetric solutions to communicate between mobile handsets and different digital devices to perform certain tasks.

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.

Verto Analytics Inc.

Series C in 2018
Verto Analytics (Verto) operates a passive metering panel that provides researchers, advertisers, and publishers the data they need to keep up with the rapid and changing pace of consumer media consumption on every app, device, service, and platform. This ongoing, longitudinal panel captures a wide breadth of behaviors—all enriched to clients’ behavioral analysis or custom survey studies. Our single-source, passive metering data sets provide the information needed to understand the full digital footprint of the U.S. population. Our Data Labs are located in the US, and in Helsinki, Finland. http://www.vertoanalytics.com.

Mekitec Oy

Venture Round in 2014
Mekitec Oy engages in the development, industrialization, manufacture, and distribution of X-ray food inspection systems for detecting and removing physical contamination in food products, including glass, metal, stones, and dense plastics in Finland, Germany, Sweden, Lithuania, Italy, China, South Korea, Thailand, and Canada. Its food inspection systems are used to inspect various products, such as rice, jam, cheese, grain, nutrition protein powder, meat, bulk sugar, chewing tobacco, nuts, dumplings, and frozen shrimps. The company was formerly known as Inspex Oy. Mekitec Oy was incorporated in 2005 and is based in Oulu, Finland.

Trackway

Series B in 2006
Trackway has delivered software solutions for logistics, manufacturing and asset-tracking based on barcodes, RFID and GPS technologies.

New Icon

Venture Round in 2014
NEWICON OY is a fast-growing health technology company founded in 2007 and it is the market leader in pharmacy automation systems in Finland. The company has delivered pharmacy automation solutions to more than 100 pharmacies and hospitals in Finland, Denmark, Russia, Israel, Iran and China. Currently, NewIcon Oy has about 70 employees and a turnover of over € 7 million. The company uses the certified ISO 9001 quality management system.

M-Files

Series C in 2021
M-Files Inc. designs and develops a document management platform that enables businesses to find, share, and secure documents and information. The platform features include check out/in, no folder, office integration, document templates, workflows, scan and OCR, repository sensor, security, and e-sign. he company also offers system integrations services and acts as Integrator for tools such as SAP, MS office, and Salesforce. The company was incorporated in 2009 and is based in Plano, Texas. M-Files Inc. operates as a subsidiary of M-Files Corporation.

Mendor

Series B in 2011
Mendor is a Finnish company, committed to the design, development and marketing of advanced diabetes management products. Mendor has launched a revolutionary, discreet, easy to use, portable all-in-one blood glucose meter and web-based software application for the daily management of diabetes. Mendor has designed its products together with users and diabetes experts to address the needs of people with diabetes requiring regular blood glucose monitoring.

Disior

Series A in 2020
Disior Oy develops software for diagnostics and treatment optimization. The company’s software provides automatic measurement of diagnostics-related critical parameters, like shapes, sizes, angles, volumes, and distances. It offers automated measurement, fracture detection, visualization for planning, and strength and durability modeling. The software automatically creates mathematical 3D models of tissues visible in CT- and MRI- images and can also implement the body movement into the equation. This allows users to better see and analyze what is in the image, and to predict what will happen to the critical structures over time. It can be used in applications, such as maxillofacial fractures, wrist fractures, and orbital fractures. The company was founded in 2016 and is headquartered in Helsinki, Finland.

Nosto

Series B in 2018
Nosto brings solutions for online marketing automation for the global e-commerce industry. The company’s platform-independent SaaS solution enhances customers’ online shopping experience by enabling personalized product recommendations in real time. Its plug and play solution makes the technology easily accessible to online stores of all size, automating marketing activities and increasing conversion, customer retention and store revenues as a result. Nosto’s first customers include leading brands like Angry Birds, Intersport, JOY, Reima, Outnorth and Sanoma’s Huuto.

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.

Akkurate

Convertible Note in 2020
They are a nimble and independent startup company whose team has a broad experience in battery production chain, battery development and lifecycle management. They are a bunch of passionate professionals with an attitude combining international self-confidence and Finnish work ethic. As battery technology advances to new applications their know-how and solutions provide predictability which will enable you to take care of your most valuable investment.

Enevo Oy

Series A in 2014
Enevo Oy develops the Enevo, an analytic software that collects and analyzes data points to measure waste and recycling generation. It provides a waste management analytics solution that uses ultrasonic sonar technology to detect fill levels for commercial clients, haulers, and cities. The company offers insights to clients handling waste contracts to streamline their waste management operations. It serves customers through resellers in the Netherlands, Belgium, Norway, and other countries in Europe. Enevo Oy was incorporated in 2010 and is headquartered in Espoo, Finland with additional offices in the United States, the United Kingdom, Germany, and Japan.

Picosun

Venture Round in 2019
Picosun is the leading manufacturer of Atomic Layer Deposition (ALD) reactors for micro- and nanotechnology applications. Picosun provides the customers with versatile, reliable, and user-friendly ALD process tools, which offer world leading process quality and unique scalability from basic research to fully automated high throughput industrial production. Picosun is based in Espoo, Finland, its production facilities are located in Masala (Kirkkonummi), Finland, its US headquarters in Detroit, Michigan, and its Asian headquarters in Singapore. PICOSUN™ ALD process tools have been installed in various prominent industries and high-level reasearch organizations across Europe, USA, Asia and Australia. Picosun has world-wide sales and support network with distributors and representatives in over 30 countries.

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.

Optofidelity Oy

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.

Magnasense

Seed Round in 2006
Magnasense, Ltd. develops method and instrumentation for lateral flow tests to measure substances for human health, environmental analysis, and veterinary testing in Finland. It offers Pilot Feasibility test using magnetic labelling technique. The company was founded in 2003 and is based in Jyvaskyla, Finland. As of November 24, 2015, Magnasense Ltd. operates as a subsidiary of LifeAssays AB (publ).

BC Platforms

Series B in 2017
BC Platforms provides powerful genomic data management solutions to address some of the biggest healthcare challenges by leveraging the convergence of genomics and IT. Our high-performing data management platform enables flexible data integration, secure analysis and interpretation of molecular information and clinical big data in a systematic and standardized manner.

Neoxen Systems

Venture Round in 2004
Neoxen Systems is a privately held Finnish software services company. They develop and operate internationally certified information management solutions for businesses, public sector and educational institutions. They work closely with leading research centers and global technology providers to help you to succeed in your mission. As a cloud technology provider Neoxen Systems is a long term Microsoft Gold Partner. They are a leading Finnish expert in Windows Azure and Office 365. They provide full set of cloud services, consulting, training and support to their customers. The company is headquartered in Turku downtown, the "Silicon Valley" of Southwest Finland.

Wirepas Ltd.

Series B in 2019
Wirepas vision is to enable profitable large-scale business for their customers by unique multi-hop mesh network solution in the fast growing Internet of Things market. Wirepas Pino is the only connectivity solution in the market offering deterministic performance, local radio adaptability capability and very high reliability at any scale, solving one of the most common problems in IoT platforms.

Zervant

Series B in 2018
Zervant Oy develops online invoicing software for small businesses and entrepreneurs in Finland, Sweden, France, Germany, and the United Kingdom. It offers expense management and time tracking software solutions; and support services. The company serves photographers, freelance sales professionals, business consultants, and designers. Zervant Oy was founded in 2009 and is based in Espoo, Finland.

UpCloud

Series B in 2020
UpCloud Ltd is a cloud hosting company that offers an infrastructure-as-a-service for business critical customers. It operates high performance cloud servers that are deployed on enterprise-grade hardware and also provides data centers in London, United Kingdom; Chicago, Illinois; Frankfurt, Germany; and Helsinki, Finland. The company also provides software defined networking (SDN) services to create and configure new flexible private networks for cloud connectivity. It was incorporated in 2011 and is based in Helsinki, Finland.

M-Files

Series B in 2016
M-Files Inc. designs and develops a document management platform that enables businesses to find, share, and secure documents and information. The platform features include check out/in, no folder, office integration, document templates, workflows, scan and OCR, repository sensor, security, and e-sign. he company also offers system integrations services and acts as Integrator for tools such as SAP, MS office, and Salesforce. The company was incorporated in 2009 and is based in Plano, Texas. M-Files Inc. operates as a subsidiary of M-Files Corporation.

Quosis

Seed Round in 2007
As of March 18, 2008, Quosis Oy was acquired by Proactum Oy. Quosis Oy operates as an open source software service company. It offers open-source based solutions and services, including portal solution for managing organization’s information and services; content management for gathering, sharing, saving, and producing information; business process management for automating, monitoring, managing, and improving key processes; integration of information systems; and instant messaging for improving the organizational information exchange. The company also offers open source consultation and software development services. It serves the paper industry. The company was founded in 2004 and is headquartered in Jyvaskyla, Finland.

Varjo Technologies

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.

Enevo Oy

Series C in 2017
Enevo Oy develops the Enevo, an analytic software that collects and analyzes data points to measure waste and recycling generation. It provides a waste management analytics solution that uses ultrasonic sonar technology to detect fill levels for commercial clients, haulers, and cities. The company offers insights to clients handling waste contracts to streamline their waste management operations. It serves customers through resellers in the Netherlands, Belgium, Norway, and other countries in Europe. Enevo Oy was incorporated in 2010 and is headquartered in Espoo, Finland with additional offices in the United States, the United Kingdom, Germany, and Japan.

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.

Onbone Oy

Venture Round in 2015
Onbone Oy, a medical technology company, develops and markets Woodcast products for orthopedic and traumatology uses. Its Woodcast products include Woodcast ribbons, colored splints, folded splints, Woodcast heating devices, and Woodcast express heating devices. The company sells its Woodcast products through local Woodcast distributors. Onbone Oy was formerly known as Injectobone Finland Oy and changed its name to Onbone Oy in January 2010. The company was incorporated in 2008 and is based in Helsinki, Finland.

Ipsat Therapies

Series C in 2005
Ipsat Therapies, a biotechnology company, develops intestinal protection systems in antibiotic treatment. It focuses on the development of products for the prevention of antibiotic resistance, antibiotic-associated diarrhea, and hospital associated infections. The company offers bioengineered enzyme, which removes the excess unabsorbed harmful antibiotic in intestine and maintains a normal intestinal microflora. It also develops various antibiotics, including penicillin, cephalosporin, carbapenems, and fixed combination products. Ipsat Therapies Oy was founded in 1999 and is based in Helsinki, Finland.

Beneq

Venture Round in 2011
Beneq Oy supplies atomic layer deposition (ALD) equipment and thin film coating services. The company offers a range of automated ALD solutions for high-capacity wafer production; ALD research equipment for academic research and corporate research and development; batch production ALD solutions for use in thin film coating applications; and roll-to-roll ALD solutions for thin-film applications in AMOLED displays, OLED lighting, flexible photovoltaics, battery production, and coating of flexible glass. It also provides transparent electroluminescent displays, rugged electroluminescent displays, LUMINEQ in-glass displays, and custom LUMINEQ displays for transportation, maritime, aeronautics, and defence markets. The company was founded in 2005 and is based in Espoo, Finland. As of October 9, 2018, Beneq Oy operates as a subsidiary of Qingdao Sifang SRI Intellectual Technology Co. Ltd.

ICEYE Oy

Series B in 2018
ICEYE Oy provides real-time access to imagery through optical imaging technology. It enables users to monitor illegal fishing, oil spills, storm damage, and forest growth; monitor crops growth, storm damages, and pest movements; map other planets for resources and ensure exploration safety; monitor flood damage, receive real-time mapping for aid activities, and conduct maritine search and rescue; and monitor port or storage activity, monitor sea ice and icebergs, track pirate vessels, and view highway activity. The company was founded in 2014 and is based in Espoo, Finland.

BC Platforms

Series C in 2019
BC Platforms provides powerful genomic data management solutions to address some of the biggest healthcare challenges by leveraging the convergence of genomics and IT. Our high-performing data management platform enables flexible data integration, secure analysis and interpretation of molecular information and clinical big data in a systematic and standardized manner.

Conformiq, Inc.

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.

Nexstim Plc

Venture Round in 2011
Nexstim is a medical device company that specializes in image-guided transcranial magnetic stimulation. The company is committed to improving the quality of life of patients with significant unmet clinical needs. It has developed a SmartFocus TMS technology designed for the treatment of the major depressive disorder. The company was founded in 2000 and is headquartered in Helsinki, Southern Finland.

Endev

Venture Round in 2019
Endev LTD is a Finnish clean tech company that provides thermal treatment solutions for wastewater and other industrial sludges. Endev´s innovative PAKU solution has been developed to handle municipal sludge locally, efficiently and economically.

Verto Analytics Inc.

Series B in 2016
Verto Analytics (Verto) operates a passive metering panel that provides researchers, advertisers, and publishers the data they need to keep up with the rapid and changing pace of consumer media consumption on every app, device, service, and platform. This ongoing, longitudinal panel captures a wide breadth of behaviors—all enriched to clients’ behavioral analysis or custom survey studies. Our single-source, passive metering data sets provide the information needed to understand the full digital footprint of the U.S. population. Our Data Labs are located in the US, and in Helsinki, Finland. http://www.vertoanalytics.com.

MariaDB Corporation Ab

Series C in 2017
MariaDB provides customers, big and small, with enterprise-grade cloud database solutions to realize the benefits of public and private clouds. It is in every major public cloud, major Linux distribution and through SkySQL. Deutsche Bank, DBS Bank, Nasdaq, Red Hat, ServiceNow, Verizon and Walgreens and more than 75% of the Fortune 500 all run MariaDB.

Enevo Oy

Series B in 2015
Enevo Oy develops the Enevo, an analytic software that collects and analyzes data points to measure waste and recycling generation. It provides a waste management analytics solution that uses ultrasonic sonar technology to detect fill levels for commercial clients, haulers, and cities. The company offers insights to clients handling waste contracts to streamline their waste management operations. It serves customers through resellers in the Netherlands, Belgium, Norway, and other countries in Europe. Enevo Oy was incorporated in 2010 and is headquartered in Espoo, Finland with additional offices in the United States, the United Kingdom, Germany, and Japan.

BCB Medical

Private Equity Round in 2017
BCB Medical is a health care service provider offering information management solutions to support the management, follow-up and distribution of medical information. Over the years, BCB Medical has been one step ahead when it comes to following and implementing regulations in health care. Intense follow-up, transparency and high quality are nowadays required by the authorities globally – aiming at effective, humane and safe treatment processes. BCB Medical strives not only to meet these requirements but to exceed them. The company was established in 2003 in Finland. Today company operate globally. They value professionalism, high ethical standards and partnership with his customers as key drivers for his business.

Scoopshot

Series A in 2013
Scoopshot connects mobile photographers and news media worldwide. We're building a worldwide ecosystem for crowdsourcing news photos. Users download our free app, snap newsworthy photos, and send them for sale on the Scoopshot Store, worldwide.

M-Files

Series A in 2013
M-Files Inc. designs and develops a document management platform that enables businesses to find, share, and secure documents and information. The platform features include check out/in, no folder, office integration, document templates, workflows, scan and OCR, repository sensor, security, and e-sign. he company also offers system integrations services and acts as Integrator for tools such as SAP, MS office, and Salesforce. The company was incorporated in 2009 and is based in Plano, Texas. M-Files Inc. operates as a subsidiary of M-Files Corporation.

Iqua

Series A in 2006
Iqua Ltd. develops exclusively designed headsets and handsfree devices for consumers in more than 25 countries around the world. Combining state-of-the-art technology with modern, cutting-edge Finnish design, Iqua enhances personal and professional communication with its innovative wireless mobile accessories.

OptoGaN

Venture Round in 2007
OptoGaN Oy develops and produces high brightness light emitting diodes (LEDs) for solid state lighting markets in Finland and internationally. It offers OptoGaN f-Power I, a blue-color InGaN LED chip for use in various applications, such as indoor and outdoor lighting, automotive, and white LED lamps. The company was founded in 2004 and is based in Espoo, Finland. It has a pliot manufacturing line in Dortmund, Germany.

LeadDesk Oy

Series A in 2015
LeadDesk Oy develops and supplies cloud based high-volume sales and customer-service software in the Nordic countries. The company offers software for outbound sales, inbound sales, customer services, and pricing. It serves customers in media, security service, energy, telecommunication, financial service, and market research industries. The company is headquartered in Helsinki, Finland.

Cavitar

Venture Round in 2006
Cavitar Ltd. develops, manufactures, and sells diode laser equipment. The company offers CAVILUX, a laser light source and visualization system. Its products are used in imaging and materials processing applications, such as additive manufacturing, ballistics and explosions, flow and spray imaging, flow process monitoring, machine imaging, shockwave imaging, surface topography, and welding imaging. The company was founded in 1996 and is based in Tampere, Finland.

Vaadin Ltd.

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.

Kaiku Health Oy

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).

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.

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.

ŌURA

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.

Enevo Oy

Seed Round in 2013
Enevo Oy develops the Enevo, an analytic software that collects and analyzes data points to measure waste and recycling generation. It provides a waste management analytics solution that uses ultrasonic sonar technology to detect fill levels for commercial clients, haulers, and cities. The company offers insights to clients handling waste contracts to streamline their waste management operations. It serves customers through resellers in the Netherlands, Belgium, Norway, and other countries in Europe. Enevo Oy was incorporated in 2010 and is headquartered in Espoo, Finland with additional offices in the United States, the United Kingdom, Germany, and Japan.

Silecs

Series E in 2011
Silecs, Inc. develops and manufactures electronic and optical materials for semiconductors, image sensors, and displays to the microelectronics industry. Its materials solutions integrate with standard device manufacturing processes. The company's products are used in low temperature dielectric, CMOS sensor and other electro-optic, TFT-LCD displays and other optical, sub-Al IMD, BPSG leveling, partial and total etchback planarization, masking and other sacrificial, ultra low-k IMD, devices requiring low refractive index films, medium and high temperature, STI, PMD, thick film, passivation, and MEMS applications. It also provides local and regional customer support. The company has operating centers in Asia, the United States, and Europe; and a manufacturing, and research and development facility in Espoo, Finland. Silecs, Inc. was founded in 2000 and is headquartered in Mountain View, California

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.

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.

MetGen Oy

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.

Fuugo

Series B in 2009
Fuugo is a global integration and development company in OTT industry. We have over 10 years of unique experience and product portfolio in broadcast and over-the-top technology. We have witnessed the establishment (emergence) and development (evolution) of the OTT industry and we developed a solution that is missing in the market. We provide media companies with an end-to-end OTT solution that controls, configures, manages and analyzes the whole OTT service chain. Our flagship product, Fuugo Symphony, is an integrated dashboard that consists of seven solution modules: Fuugo Ingest (signal acquisition, transcode & transmux, storage), Fuugo Content (media management, advertising), Fuugo Audience (product, subscriber & revenue management), Fuugo Shield (Security, DRM, watermarking/fingerprinting), Fuugo Deliver (Content delivery), Fuugo Xperience (Web & Mobile OTT applications), Fuugo Insights (Data analytics and reporting). Together with Fuugo Director, in-house built API & connector layer, Fuugo is able to integrate any solution offered in the market to just one platform and provide users with a unique marketplace where OTT players can find anything they need from the best vendors. -- We are the pioneers of the industry. We have witnessed the emergence and development of the OTT industry. Thus, with over 10 years unique experience in broadcast and OTT technology we have found a solution that was missing in the market and brought it to life. Fuugo is the most reliable, flexible and competitive partner. We offer a unique end-to-end OTT platform that integrates the high-class vendors from the industry and deliver superior customized solution to each client. Our main competitive advantage is an ability to orchestrate any possible solution available in the market. We will suggest you a pre-integrated vendor according to your needs and requirements or you can bring your own partner to integrate it to the platform!

Confidex

Venture Round in 2010
Confidex is supplier of high-performing contactless ticketing and RFID tag solutions and services to make supply chains, transactions and authentication of goods and people more efficient and secure. Today, we are innovating and exploring with our customers how our solutions can help people and companies to address their problems and challenges by fusing strong combination of RFID tag design competence, RF engineering and customization to manufacturing experience.