Verso Capital

Verso Capital, established in 2012 and based in Helsinki, Finland, is a private equity firm that focuses on growth investments in technology-enabled companies. The firm primarily targets smaller, high-growth enterprises, particularly those resulting from corporate spin-offs. Verso Capital concentrates its investments in the Information Communication Technology sector and selectively in industries such as forestry, metals, energy, and chemicals, especially where ICT can enhance operations. It typically invests in businesses with annual sales between €1 million and €30 million, emphasizing B2B models, while also considering B2C opportunities. The firm primarily focuses on companies headquartered or with significant research and development operations in Finland, the Nordics, Israel, and selectively in Germany.

Christoffer Callans

Investment Director

Marko Järvinen

Partner

Anssi Kariola

Managing Partner and Founder

Jukka Rauhala

Partner

Philip Saxby

Senior Investment Manager

Matilda Schillo

Investment Director

Mika Suomela

Partner

Kristian Ukonaho

Investment Director

19 past transactions

Umiami

Series A in 2022
Developer of a plant-based food technology designed to reduce meat consumption. The company's technology offers plant-based whole-cuts that contain plant proteins, enabling consumers to have alternatives that mimic the taste, texture, and smell of meat.

Onuu

Seed Round in 2022
Onuu, founded in 2021 and headquartered in Austin, Texas, is a developer of a software-as-a-service (SaaS) financial platform aimed at enhancing financial stability for individuals lacking access to essential financial products. The platform offers personalized life insurance, savings options, and credit card products, along with a tailored financial literacy experience. By providing individualized guidance and resources, Onuu seeks to empower its members with the knowledge and tools necessary for achieving financial security and resilience.

DeadHappy

Venture Round in 2022
DeadHappy Limited is an insurtech company based in Leicester, United Kingdom, that specializes in providing customized life insurance products. Founded in 2013, it offers a unique product called Deathwishes, which encompasses various categories such as financial, responsible, thoughtful, personal, adventurous, and charitable. The company focuses on digital pay-as-you-go life insurance, allowing customers to tailor their policies to their current circumstances and add coverage as needed on a rolling basis. DeadHappy aims to deliver flexible life insurance solutions that are more affordable and user-friendly compared to traditional providers.

BetterBrand

Seed Round in 2021
Better Brand is a food tech startup using proprietary formulations and tech-enabled processes alongside real, clean label ingredients to lead innovation in the multi-trillion-dollar refined carb industry,

Aldini Capital

Acquisition in 2021
Aldini Capital is a regulated investment firm and alternative asset manager based in Switzerland and Liechtenstein. The firm focuses on proprietary capital investments, debt & equity markets, and the provision of exclusive strategy, wealth management, and fundraising advice to UHNW and institutional clients. Aldini Capital is an international advisory and merchant banking firm with offices and professional networks across the world. Its business focuses on traditional merchant banking for our UHNW clients and for our institutional and corporate relationships. Aldini Capital continues to actively promote and honor values of trust, close relationships, and global networks across the world’s most pre-eminent financial centers and investment markets. ​

Nextfour Group

Private Equity Round in 2021
Provider of technology and design services intended for medical, marine and industrial segments. The company specializes in research, prototyping, design and development of software and turnkey solutions, thereby providing optimal solutions that best suit the needs of its clients.

TurtleTree

Seed Round in 2020
TurtleTree Labs is a biotechnology company founded in 2019 and based in Singapore, specializing in the production of real milk from animal cells. The company addresses the challenges of the traditional dairy industry by utilizing patented technologies to replicate the natural milk production process using mammary cells. This innovative approach allows TurtleTree to create full-composition, full-functionality, and full-flavor milk without relying on animal farming, thereby eliminating issues related to pollution, resource inefficiency, and health risks. By producing clean milk in controlled food production facilities, TurtleTree aims to provide consumers with safe, healthy, and customizable dairy products while minimizing environmental impact and animal exploitation.

Flexmill

Acquisition in 2017
Flexmill Oy manufactures industrial robotic machinery. Its products include Flexmill S for handling and finishing complicated shapes and Flexmill R. Flexmill Oy also provides engineering support and maintenance services. Its services include product installation, repair, training, maintenance, provision of spare parts, and process and tool development. Flexmill Oy caters to marine, aerospace and energy industries. The company was incorporated in 2017 and is based in Nurmijärvi, Finland.

Ginolis

Venture Round in 2017
Ginolis specializes in providing high-quality automation and liquid handling solutions for the production and processing of healthcare consumables. The company is privately owned and headquartered in Oulu, Finland, with offices in Uppsala, Sweden, San Diego, USA and Suzhou, China.

Varaani Works

Private Equity Round in 2017
Varaani Works is a Tampere, Finland-based start-up founded in 2010, specializing in software design and cloud storage services. With a team that possesses extensive experience in IT and communication technology, the company focuses on securing and digitizing data for businesses and individuals. Its offerings include digital content management, cloud storage, online backup, and various information technology and security services. By providing these solutions, Varaani Works enables clients to effectively back up and protect their data in a digital landscape.

CloudStreet

Series A in 2016
CloudStreet Ltd. is a marketplace facilitating the buying and selling of prioritized mobile network (LTE) capacity. Founded in 2012 and based in Espoo, Finland, the company provides a cloud-based capacity exchange technology that connects mobile network operators with broadcasters and internet distribution companies. This platform allows operators to sell their excess LTE capacity while enabling broadcasters, such as TV production companies, to purchase it for high-definition live TV reporting. CloudStreet's services are designed to deliver context-specific bandwidth on demand, utilizing network slicing technology to optimize network traffic and meet the dynamic needs of various applications. By leveraging Software Defined Networks and Network Function Virtualization, the company supports carriers in commercializing data delivery, ultimately enhancing the quality and efficiency of mobile data services.

Emberion

Seed Round in 2016
Emberion develops and produces graphene photonics and electronics that will revolutionise infrared photodetectors and thermal sensors in applications ranging from hyperspectral and thermal imaging to night vision and X-ray detection. We deliver tailored, high-quality solutions for those in need of superior technical performance and improved return-on-investment in R&D. Our passion is to take imaging and sensing quality to a new level.

Everon Oy

Venture Round in 2016
Everon system devices are being operated and monitored by a wide variety of care professionals. Everon devices are very simple to deploy and provide a secure vehicle to locating wearers and delivering alerts. We have built an infrastructure to give you the best functionality available and if you are interested to find out more about tools at your disposal, additional equipment, tips and tricks, and of course, customer support, we have provided you with more information. Dementia is the single most important reason for nursing home admission. The location aware Vega solution can significantly delay nursing home admission for wearers. The health impacts may be significant and can help to reduce private and public spending. The Vega solution is a good replacement for facility resources. In many countries, facility care is crumbling with full capacity already. With the location aware Vega solution wearers can keep active instead of being locked in. Everon Lyra is widely used in assisted living communities, retirement facilities and special care units. Thousands of Everon Lyra users live in facilities run by local authorities, private housing and care providers and charitable institutions. Working with parties who develop, build and maintain high quality service and facilities for different levels of care is our specialty. Flexible and fast planning, installation and deployment have created long-lasting partnerships with key players in the care operations. Thanks to the fully wire-free system and use of remote server structure that is monitored 24/7 Everon Lyra is the secure and future-proof solution for care providers. Everon Lyra is the perfect solution to deploy also in rented facilities and temporary locations where change is normal and efficient use of facilities is a must. The cable-free installation gives care teams the adaptive and efficient use of the solution and its devices.

CloudStreet

Seed Round in 2015
CloudStreet Ltd. is a marketplace facilitating the buying and selling of prioritized mobile network (LTE) capacity. Founded in 2012 and based in Espoo, Finland, the company provides a cloud-based capacity exchange technology that connects mobile network operators with broadcasters and internet distribution companies. This platform allows operators to sell their excess LTE capacity while enabling broadcasters, such as TV production companies, to purchase it for high-definition live TV reporting. CloudStreet's services are designed to deliver context-specific bandwidth on demand, utilizing network slicing technology to optimize network traffic and meet the dynamic needs of various applications. By leveraging Software Defined Networks and Network Function Virtualization, the company supports carriers in commercializing data delivery, ultimately enhancing the quality and efficiency of mobile data services.

Environics Oy

Acquisition in 2015
Environics Oy is a Finnish company specializing in the design and manufacture of industrial gas detection and CBRN (chemical, biological, radiological, and nuclear) monitoring solutions. Established in 1987 and based in Mikkeli, Finland, the company serves a wide range of clients, including government, military, and industrial organizations across over 50 countries. Environics offers a variety of products, including handheld chemical detectors, mobile and fixed chemical detection systems, biological and radiological detection devices, and the EnviScreen Operix for real-time situational awareness. Additionally, the company provides CBRN surveillance systems, environmental monitoring solutions, and industrial gas monitoring systems. Environics also supports its products with services such as project management, engineering assistance, maintenance training, and repair services. The company's commitment to innovation and quality is underscored by its adherence to certified Quality Management Systems, ensuring reliable detection capabilities to protect people and the environment from evolving CBRN threats.

Atrinet

Venture Round in 2014
Atrinet Ltd. is a technology company based in Hod HaSharon, Israel, specializing in network management and maintenance services for telecommunications operators and providers globally. Founded in 2013, Atrinet focuses on facilitating network migrations and enabling multi-vendor software-defined networking (SDN) solutions. The company offers a range of services, including consulting on network health, traffic management, load distribution, performance monitoring, and hardware and software support. Additionally, Atrinet provides products life-cycle management, network modernization, on-call support, problem tracking, and training services. With a commitment to assisting communication service providers in transitioning from traditional to modern network infrastructures, Atrinet aims to optimize network resources effectively and efficiently.

Cumulocity

Private Equity Round in 2013
It all began in Mountain View, Silicon Valley, CA in 2010. At this time Nokia Siemens Networks started to innovate software solutions based on cloud technology for the M2M (Machine to Machine) market. An experienced team of senior managers and engineers created award winning software products which were named Cumulocity. Cumulocity stands for fast cloud solutions: Cumulocity - a compound word of ‘Cumulus’ (“Cloud”) and ‘Velocity’.

Dedicated Network Partners

Seed Round in 2013
Dedicated Network Partners Oy is a Finnish company specializing in the development, manufacturing, and sale of dedicated network solutions tailored for critical communications. Founded in 2012 and based in Espoo, the company offers a range of products, including the Connection Master, a multiservice access platform designed for utilities, corporations, and enterprise customers, and the FlexiNT-GS, a flexible network terminal for various data services. Its Network Management System provides an open interface for users to manage device features. The company’s solutions are compatible with legacy voice and data interfaces and support diverse connectivity scenarios, catering to sectors such as railways, oil and gas, power utilities, military, and broadcasting. Dedicated Network Partners is committed to delivering reliable and sustainable communications solutions, emphasizing high availability, service quality, and security in its offerings.

Boftel

Seed Round in 2013
Boftel is a service provider specialized in fixed telecommunication networks. Their services cover the entire sphere of telecom network management, from the operations and maintenance, to optimization and implementation services. They operate in the Nordic, Baltic, Western and Eastern European countries including Russia.
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