Lifeline Ventures

Lifeline Ventures Oy is a Helsinki-based venture capital firm founded in November 2009, focusing on early-stage investments in technology-driven sectors. The firm specializes in funding startups, particularly in healthcare, gaming, web-based platforms, and general high technology. Lifeline Ventures primarily targets investments within Finland, although it has made select investments in other Nordic countries. The firm typically invests between €0.5 million and €1 million, covering stages from inception to Series A. With a keen interest in innovative solutions, Lifeline Ventures aims to support emerging companies that demonstrate potential for growth and impact in their respective industries.

Timo Ahopelto

Co-Founder & Partner

Kai Bäckman

Advisor

Elina Holkko

CFO

Petteri Koponen

Co-Founder & Partner

Samuli Leppänen

Partner and Chief Financial Officer

Juha Lindfors

Partner

138 past transactions

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, 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.

Huuva

Seed Round in 2022
Huuva is to scale delivery-friendly local restaurants easily while maintaining sustainable unit economics.

Oura

Venture Round in 2022
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.

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™.

Flowrite

Seed Round in 2021
Flowrite Oy is a Finnish company founded in 2020 that specializes in developing an AI-powered writing tool designed to enhance productivity in everyday communication. The company's browser extension transforms users' written instructions into ready-to-send emails, messages, and social media posts, effectively streamlining the writing process. By focusing on maintaining a personal tone of voice, Flowrite's product helps users navigate the complexities of structure, articulation, and grammar, allowing them to communicate more efficiently without sacrificing individual style. Based in Helsinki, Flowrite aims to simplify and improve the daily writing tasks of its users.

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.

Risk Ledger

Seed Round in 2021
Risk Ledger Ltd. designs and develops a scalable security assurance platform. The company helps clients input the supplier security policy, and add the suppliers that they work with. It also automatically compares client security policies against the supplier’s security maturity, allowing assurance to be conducted across the entire supply chain. Risk Ledger Ltd. was founded in 2017 and is headquartered in Harrow, United Kingdom.

Huuva

Pre Seed Round in 2021
Huuva is to scale delivery-friendly local restaurants easily while maintaining sustainable unit economics.

AREX Markets

Series A in 2021
AREX European Market Limited operates an invoice-financing platform that helps small and medium-sized business to sell their unpaid invoices and enhance their cash flow. Its platform enables users to automate various processes, such as credit ratings, collection and accounting, and the cost savings for participating companies and investors. The company was founded in 2014 and is headquartered in Dublin, Ireland.

P2X Solutions

Seed Round in 2021
Producer of green hydrogen intended to offer a forerunner of Power technology to be used for synthetic fuels. The company produces and refines hydrogen in a cost-effective manner to support the production of sustainable products, allowing users to have an emission-free welfare society for a better future.

Oura

Series C in 2021
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.

Carbo Culture

Seed Round in 2021
Carbo Culture Oy is a Finnish company that specializes in producing biochar from biomass waste, utilizing a carbon sequestration process to capture carbon dioxide from the atmosphere. Founded in 2016 and based in Helsinki, the company focuses on upcycling orchard waste into stable, solid biocarbon products. These products serve various applications, including soil remediation and enhancing soil properties by improving water retention and nutrient availability. Carbo Culture's biochar acts as a long-term solution for repairing damaged soils and mitigating crop losses while preventing carbon from re-entering the atmosphere for centuries. The company's innovative approach reflects its commitment to sustainable practices and environmental responsibility.

Measurlabs

Seed Round in 2021
Measurlabs provides testing and certification services. We make it incredibly easy to buy laboratory analyses for complicated materials and products. We combine the best methods from 250+ partner laboratories as one service.

Akkurate

Convertible Note in 2020
Akkurate Oy is a Finnish company based in Kaarina, established in 2016, that specializes in mobile battery consulting, analysis, diagnostics, and engineering services. The company provides a comprehensive range of services, including technology consulting, testing and analysis, specification optimization, charging system design, and manufacturing assessments. Akkurate conducts various testing procedures such as electrical performance tests, safety tests including mechanical and abuse safety assessments, and battery analysis utilizing advanced techniques like x-ray and Scanning Electron Microscope (SEM) analysis. Additionally, Akkurate offers software development tailored to battery technology. The team at Akkurate comprises experienced professionals with expertise in battery production, development, and lifecycle management, ensuring reliable solutions for evolving battery applications.

ReceiptHero

Seed Round in 2020
ReceiptHero Oy is a Finnish company established in 2018, specializing in a digital receipt platform that facilitates the automatic delivery of electronic receipts from merchants and point of sale systems to consumers' banking and accounting applications. The platform serves as an open system that enhances customer experience and loyalty by allowing seamless interactions between consumers, merchants, and financial institutions. It enables businesses to identify customers at the point of sale using payment cards, while also providing app developers with essential infrastructure and tools for product development. Through its innovative approach, ReceiptHero aims to transform traditional transactions into meaningful interactions, benefiting consumers and businesses alike.

Flowrite

Pre Seed Round in 2020
Flowrite Oy is a Finnish company founded in 2020 that specializes in developing an AI-powered writing tool designed to enhance productivity in everyday communication. The company's browser extension transforms users' written instructions into ready-to-send emails, messages, and social media posts, effectively streamlining the writing process. By focusing on maintaining a personal tone of voice, Flowrite's product helps users navigate the complexities of structure, articulation, and grammar, allowing them to communicate more efficiently without sacrificing individual style. Based in Helsinki, Flowrite aims to simplify and improve the daily writing tasks of its users.

Cooler Future

Venture Round in 2020
Cooler Future's mission is to create positive climate impact by investing in assets from companies that are actively reducing their carbon footprint. With Cooler Future’s intuitive, easy-to-use mobile app, anyone can track the CO2e impact of each euro invested, while generating financial returns at the same time.

Solar Foods

Series A in 2020
The Finnish company Solar Foods Oy produces an entirely new kind of nutrient-rich protein using only air and electricity as the main resources. The goal of the company is to start commercial production of the environmentally revolutionary protein in 2020.Solar Foods’ concept redefines the basics of food production, as it is not dependent on agriculture, the weather, or the climate. The price of the protein product is also competitive compared to sources such as soy protein.

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™.

School Day

Seed Round in 2020
School Day operates a student information management platform focused on improving well-being in K-12 education. The platform utilizes AI to collect and analyze real-time survey data from students, making well-being issues visible and actionable for educational leaders. By providing insights into the well-being phenomena within schools, School Day enables administrators to address barriers to learning effectively. The solution fosters a safe and straightforward communication channel for both students and teachers, emphasizing that well-being is essential for effective learning. Through its analytics, School Day supports proactive interventions, contributing to a more supportive educational environment.

Kayzen

Seed Round in 2020
Kayzen powers the world’s best mobile marketing teams to take programmatic in-house. Built on the three key pillars of performance, transparency and control, Kayzen is a software platform which enables leading app developers, agencies and entrepreneurs to run programmatic user acquisition, retargeting and upper funnel campaigns in-house with an unprecedented scale of 60bn daily ad requests from 1bn+ unique users worldwide. Kayzen is accessible through its APIs or user interface and supports mobile video, playable / MRAID, native and banner ad campaigns.

Aiven

Series B in 2020
Aiven Ltd is a company that hosts and manages open-source database and messaging systems on multiple cloud platforms for business clients worldwide. Established in 2016 and headquartered in Helsinki, Finland, Aiven offers a range of products, including PostgreSQL for SQL cloud database services, Redis for NoSQL hosting, and InfluxDB for time series data. The company's portfolio also includes Grafana for customizable dashboards, Elasticsearch for document and full-text search, Kafka for real-time data streaming, and Cassandra for managed distributed NoSQL databases. With offices in Helsinki, Boston, Berlin, and Sydney, Aiven aims to provide integrated solutions that allow developers to focus on their applications without the burden of managing software infrastructure.

Sulapac

Venture Round in 2019
Sulapac brings solutions to the global plastic waste problem with biodegradable packaging innovation. Sulapac combines luxury, sustainability, and unlimited design possibilities. Sulapac packages can be manufactured using injection molding, extrusion, and blow molding techniques. Sulapac has comparable properties to plastics and by using Sulapac barrier coatings water, oil, and oxygen barrier properties can be further improved.

KiteRa

Venture Round in 2019
KiteRa Co., Ltd. develops and operates regulation management SaaS solution KiteRa, that diagnosis, creates and publishes employment rules and internal rules on on the Web that support working style reform. The platform also navigate the response to revisions that accompany legal revisions. KiteRa Co., Ltd. was founded in 2019 and is based in Minato, Japan.

Shapr3D

Series A in 2019
Shapr3D Zrt. is a company based in Budapest, Hungary, that specializes in developing a 3D CAD design application optimized for the iPad Pro. The app offers a user-friendly interface for creating precise 3D models, making it suitable for various professionals, including mechanical engineers, interior designers, graphic designers, CAD architects, and industrial designers. Launched in 2015, Shapr3D provides a free modeling app that includes essential tools, with users only incurring costs when transferring models to other software. The application caters to both experienced and novice users, making it accessible for engineers, jewelry makers, and 3D hobbyists alike. Shapr3D operates on a subscription-based model for additional features.

Wolt

Series C in 2019
Wolt is a Helsinki-based company that specializes in food delivery services, enabling users to conveniently discover and order meals for home or office delivery. The platform offers a mobile interface that facilitates access to a variety of dining options, including takeaway services. Since its inception, Wolt has attracted significant investment, raising $280 million from notable investors such as ICONIQ Capital, Highland Europe, 83North, EQT Ventures, and Goldman Sachs.

Swappie

Series A in 2019
Swappie.com is a safe and secure online store for refurbished smartphones where you can order affordable smartphones directly from our store, which have been tested and refurbished using the newest technology. Swappie refurbishes iPhones to the highest standards using the latest technology and reduces environmental waste. The company operates its own refurbishment factory in the Nordics and sells directly to consumers via its online store. All devices are fully inspected by Swappie’s professional technicians and every phone sold comes with a 12-month Swappie Warranty™.

Aiven

Series A in 2019
Aiven Ltd is a company that hosts and manages open-source database and messaging systems on multiple cloud platforms for business clients worldwide. Established in 2016 and headquartered in Helsinki, Finland, Aiven offers a range of products, including PostgreSQL for SQL cloud database services, Redis for NoSQL hosting, and InfluxDB for time series data. The company's portfolio also includes Grafana for customizable dashboards, Elasticsearch for document and full-text search, Kafka for real-time data streaming, and Cassandra for managed distributed NoSQL databases. With offices in Helsinki, Boston, Berlin, and Sydney, Aiven aims to provide integrated solutions that allow developers to focus on their applications without the burden of managing software infrastructure.

Meru Health

Seed Round in 2019
Meru Health, Inc. develops an application that connects patients to licensed therapists for a 12-week program to treat people experiencing stress, depression, anxiety, and other mental health issues. The company provides a licensed-clinician-supported, mobile phone-based digital therapeutic program for depression and anxiety. The company was founded in 2016 and is based in San Mateo, California. It has additional offices in Palo Alto, California and Helsinki, Finland.

Front AI

Seed Round in 2019
Front AI is a Helsinki-based company founded in 2019 that specializes in developing advanced customer service chatbots. The company focuses on serving industries such as finance, telecommunications, and insurance. By leveraging conversational AI technology, Front AI creates solutions that automate customer service interactions, allowing businesses to efficiently manage routine tasks without human intervention. Their platform is designed to understand various languages and dialects, enhancing the customer experience while providing enterprises with a reliable means to improve operational efficiency through automation.

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.

Synoste Oy

Venture Round in 2018
Synoste Oy, founded in 2007 and based in Espoo, Finland, is focused on developing innovative medical solutions for the treatment of skeletal deformities. The company's primary objective is to enhance patient comfort during bone-lengthening and bone-deformation correction procedures. By leveraging smart materials, Synoste aims to improve the traditional limb lengthening process, which is often associated with complications and discomfort. Their technology platform addresses various conditions, including congenital and trauma-related limb discrepancies, adult and pediatric deformities, and craniomaxillofacial deformations. As a subsidiary of Globus Medical, Inc., Synoste is committed to providing safer, more effective treatments that facilitate quicker recovery and restore patients' quality of life.

Varjo

Series B in 2018
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.

Digital Workforce

Venture Round in 2018
Digital Workforce was born when three experienced IT industry executives, Heikki, Jukka, and Mika discovered a problem. An average office worker spends half of their day navigating multiple IT systems, and the current plans for restructuring the systems are excessively expensive and time consuming. Too often, heavy information systems prevent the effective development of business processes.

Altum Technologies

Series A in 2018
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.

School Day

Seed Round in 2018
School Day operates a student information management platform focused on improving well-being in K-12 education. The platform utilizes AI to collect and analyze real-time survey data from students, making well-being issues visible and actionable for educational leaders. By providing insights into the well-being phenomena within schools, School Day enables administrators to address barriers to learning effectively. The solution fosters a safe and straightforward communication channel for both students and teachers, emphasizing that well-being is essential for effective learning. Through its analytics, School Day supports proactive interventions, contributing to a more supportive educational environment.

Akkurate

Venture Round in 2018
Akkurate Oy is a Finnish company based in Kaarina, established in 2016, that specializes in mobile battery consulting, analysis, diagnostics, and engineering services. The company provides a comprehensive range of services, including technology consulting, testing and analysis, specification optimization, charging system design, and manufacturing assessments. Akkurate conducts various testing procedures such as electrical performance tests, safety tests including mechanical and abuse safety assessments, and battery analysis utilizing advanced techniques like x-ray and Scanning Electron Microscope (SEM) analysis. Additionally, Akkurate offers software development tailored to battery technology. The team at Akkurate comprises experienced professionals with expertise in battery production, development, and lifecycle management, ensuring reliable solutions for evolving battery applications.

Solar Foods

Venture Round in 2018
The Finnish company Solar Foods Oy produces an entirely new kind of nutrient-rich protein using only air and electricity as the main resources. The goal of the company is to start commercial production of the environmentally revolutionary protein in 2020.Solar Foods’ concept redefines the basics of food production, as it is not dependent on agriculture, the weather, or the climate. The price of the protein product is also competitive compared to sources such as soy protein.

Blok

Venture Round in 2018
Blok Enterprises Oy, based in Helsinki, Finland, is a digital real estate agent that operates an automated platform designed to streamline the property selling process. Established in 2016, Blok provides a cost-effective and efficient solution for apartment and house sales by handling various routine tasks such as property valuation, photography, marketing, and documentation. Utilizing artificial intelligence, the platform simplifies the selling experience, allowing sellers to manage viewings for potential buyers while Blok oversees the remaining aspects of the sale. This approach attracts a diverse clientele, including both traditional sellers who typically rely on brokers and those who prefer to sell independently.

Carbo Culture

Seed Round in 2018
Carbo Culture Oy is a Finnish company that specializes in producing biochar from biomass waste, utilizing a carbon sequestration process to capture carbon dioxide from the atmosphere. Founded in 2016 and based in Helsinki, the company focuses on upcycling orchard waste into stable, solid biocarbon products. These products serve various applications, including soil remediation and enhancing soil properties by improving water retention and nutrient availability. Carbo Culture's biochar acts as a long-term solution for repairing damaged soils and mitigating crop losses while preventing carbon from re-entering the atmosphere for centuries. The company's innovative approach reflects its commitment to sustainable practices and environmental responsibility.

HelixNano

Convertible Note in 2018
Helix Nanotechnologies uses artificial intelligence to help cure genetic diseases. HelixNano is a Y Combinator and venture backed biotech startup. At HelixNano, we have spent the last two years developing cancer vaccines. Now we are adapting our synthetic biology arsenal to take on COVID-19. We’re moving fast but thinking long-term. We’re already testing COVID-19 vaccine candidates designed to be precise and safe. Our next goal is to create a vaccine that protects everyone not only from this virus, but all future coronaviruses.

Swappie

Seed Round in 2018
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™.

Shapr3D

Venture Round in 2017
Shapr3D Zrt. is a company based in Budapest, Hungary, that specializes in developing a 3D CAD design application optimized for the iPad Pro. The app offers a user-friendly interface for creating precise 3D models, making it suitable for various professionals, including mechanical engineers, interior designers, graphic designers, CAD architects, and industrial designers. Launched in 2015, Shapr3D provides a free modeling app that includes essential tools, with users only incurring costs when transferring models to other software. The application caters to both experienced and novice users, making it accessible for engineers, jewelry makers, and 3D hobbyists alike. Shapr3D operates on a subscription-based model for additional features.

Mojiworks

Series A in 2017
Mojiworks pioneers ‘hypersocial’ games: designed social-first and distributed using instant-play technology to be played with friends and family on the largest chat and social apps across the world. Mojiworks’ development ethos is to help Mojiworkers do the best work of their careers through values of inclusivity, collaboration, and learning. Mojiworks strives to have an exceptionally progressive culture, receiving GamesIndustry.biz’s ‘Best Places To Work’ awards in 2018 and 2019, and winning the 2018 Diversity Award which recognises companies that encourage a diverse workforce in games. Based in Guildford UK and founded in 2016, Mojiworks is one of the highest-profile startups in the chat and instant games space. The founders have a previous exit in games through acquisition of Wonderland Software Limited by Zynga Inc. Mojiworks’ investors are among the most successful games VCs: Balderton Capital (BigFish, NaturalMotion, Wooga), Heartcore Capital (Seriously) and Lifeline Ventures (Supercell).

Varjo

Series A in 2017
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

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.

Curious AI Oy

Venture Round in 2017
Deep good. Unsupervised better. The Curious AI Company is making the digital co-workers of the future. The Curious AI Company develops artificial general intelligence (AI). The company focuses on autonomous and interactive machine learning technologies. Building on more than two decades of work in bio-inspired AI by founder Harri Valpola, PhD, Curious AI delivers industrial pilot projects while building a long-term, complete AI deep tech portfolio.

ICEYE

Series A in 2017
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.

RFRSH ApS

Venture Round in 2017
RFRSH ApS is an esports marketing and media rights company based in Copenhagen, Denmark, founded in 2016. The company specializes in developing commercial and marketing strategies for esports teams, particularly focusing on the popular game Counter-Strike. RFRSH ApS collaborates with a range of established organizations and emerging player-owned teams to enhance their brand visibility and sports performance. By representing the commercial and media rights of these teams, RFRSH connects them with leading global brands for sponsorship and marketing agreements, thereby facilitating their growth and success in the competitive esports landscape.

Aiven

Seed Round in 2017
Aiven Ltd is a company that hosts and manages open-source database and messaging systems on multiple cloud platforms for business clients worldwide. Established in 2016 and headquartered in Helsinki, Finland, Aiven offers a range of products, including PostgreSQL for SQL cloud database services, Redis for NoSQL hosting, and InfluxDB for time series data. The company's portfolio also includes Grafana for customizable dashboards, Elasticsearch for document and full-text search, Kafka for real-time data streaming, and Cassandra for managed distributed NoSQL databases. With offices in Helsinki, Boston, Berlin, and Sydney, Aiven aims to provide integrated solutions that allow developers to focus on their applications without the burden of managing software infrastructure.

BetterDoctor

Series B in 2017
BetterDoctor, Inc. is a company based in San Francisco, California, that specializes in developing web and mobile applications to assist users in finding healthcare providers. Founded in 2011, BetterDoctor allows users to specify the type of doctor they need and select their insurance plan to view a list of verified healthcare professionals. The company's platform provides accurate provider data to health plans, health systems, and various organizations through its API, facilitating the search for doctors and improving healthcare access. BetterDoctor's services have reached millions of users, powering numerous health plans and companies by enhancing the transparency and reliability of doctor data. As of June 2018, BetterDoctor operates as a subsidiary of Quest Analytics, L.L.C.

Minima Processor

Seed Round in 2017
Minima Processor Oy specializes in developing technology solutions aimed at enhancing the energy efficiency of digital processors. Founded in 2016 and located in Oulu, Finland, the company offers process-agnostic semiconductor subsystems that can significantly improve energy efficiency, achieving up to 20 times better performance compared to traditional solutions. This improvement primarily stems from the implementation of ultra-low voltage operation and the elimination of timing margins, which further enhances efficiency at nominal operating voltages. Minima Processor's innovations find applications across various sectors, including consumer electronics, sensors, communication devices, medical applications, and computing systems, enabling clients to reduce voltage consumption while meeting their computational needs.

Vizor.io

Seed Round in 2017
Vizor is an online platform that lets its users explore, create, and publish virtual reality on the web.

Sulapac

Seed Round in 2017
Sulapac brings solutions to the global plastic waste problem with biodegradable packaging innovation. Sulapac combines luxury, sustainability, and unlimited design possibilities. Sulapac packages can be manufactured using injection molding, extrusion, and blow molding techniques. Sulapac has comparable properties to plastics and by using Sulapac barrier coatings water, oil, and oxygen barrier properties can be further improved.

Digital Workforce

Venture Round in 2017
Digital Workforce was born when three experienced IT industry executives, Heikki, Jukka, and Mika discovered a problem. An average office worker spends half of their day navigating multiple IT systems, and the current plans for restructuring the systems are excessively expensive and time consuming. Too often, heavy information systems prevent the effective development of business processes.

True AI

Grant in 2017
True AI Limited is a London-based artificial intelligence company focused on enhancing customer service through innovative software solutions. Founded in 2015, the company is developing a product called TypeGenie, which utilizes a deep learning algorithm to automate customer interactions. This technology enables the software to learn and generate responses in conversations, thereby streamlining customer service operations and improving overall customer experience. True AI also provides chat management software and reply suggestions for customer service agents across various channels. The company's advancements are rooted in extensive research and leverage the latest breakthroughs in machine learning.

TILT Biotherapeutics

Seed Round in 2016
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.

Akkurate

Seed Round in 2016
Akkurate Oy is a Finnish company based in Kaarina, established in 2016, that specializes in mobile battery consulting, analysis, diagnostics, and engineering services. The company provides a comprehensive range of services, including technology consulting, testing and analysis, specification optimization, charging system design, and manufacturing assessments. Akkurate conducts various testing procedures such as electrical performance tests, safety tests including mechanical and abuse safety assessments, and battery analysis utilizing advanced techniques like x-ray and Scanning Electron Microscope (SEM) analysis. Additionally, Akkurate offers software development tailored to battery technology. The team at Akkurate comprises experienced professionals with expertise in battery production, development, and lifecycle management, ensuring reliable solutions for evolving battery applications.

Altum Technologies

Seed Round in 2016
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.

Sudden Coffee

Seed Round in 2016
Sudden Coffee is an online retail store that sells instant coffee powder. The company operates an online platform that enables individuals to subscribe a package of a variety of hand-crafted coffee including hot coffee, hot latte, iced coffee, and iced latte. Sudden Coffee was founded by Joshua Zloof and Kalle Freese in 2015 and is based in San Francisco, California.

Mojiworks

Seed Round in 2016
Mojiworks pioneers ‘hypersocial’ games: designed social-first and distributed using instant-play technology to be played with friends and family on the largest chat and social apps across the world. Mojiworks’ development ethos is to help Mojiworkers do the best work of their careers through values of inclusivity, collaboration, and learning. Mojiworks strives to have an exceptionally progressive culture, receiving GamesIndustry.biz’s ‘Best Places To Work’ awards in 2018 and 2019, and winning the 2018 Diversity Award which recognises companies that encourage a diverse workforce in games. Based in Guildford UK and founded in 2016, Mojiworks is one of the highest-profile startups in the chat and instant games space. The founders have a previous exit in games through acquisition of Wonderland Software Limited by Zynga Inc. Mojiworks’ investors are among the most successful games VCs: Balderton Capital (BigFish, NaturalMotion, Wooga), Heartcore Capital (Seriously) and Lifeline Ventures (Supercell).

Zyptonite

Series A in 2016
Zyptonite, Inc. specializes in developing a secure communication application designed for private peer-to-peer interactions. Founded in 2015 and based in New York, the company offers a service that facilitates instant messaging, video and audio calls, as well as file sharing and screen sharing across multiple platforms, including Windows, Mac, Linux, and mobile devices through the Android Play Store. Zyptonite's application operates on a pure peer-to-peer architecture, ensuring that all communication occurs directly between users without reliance on external servers. This design enhances reliability, allowing calls to maintain connection even in low bandwidth scenarios, making it particularly suitable for mobile users in areas with unstable networks. Furthermore, the absence of servers ensures that user communication remains private, eliminating the potential for third-party data collection or marketing interference.

AREX Markets

Venture Round in 2016
AREX European Market Limited operates an invoice-financing platform that helps small and medium-sized business to sell their unpaid invoices and enhance their cash flow. Its platform enables users to automate various processes, such as credit ratings, collection and accounting, and the cost savings for participating companies and investors. The company was founded in 2014 and is headquartered in Dublin, Ireland.

Griffin Refineries

Venture Round in 2016
Developer of waste refining technologies designed to convert the energy content of the waste into a useful form.

callstats.io

Series A in 2016
The callstats.io SaaS product helps software developers quickly set up, build, and scale communications applications by monitoring and managing the performance of each endpoint in real-time. Founded in 2014 and based in Helsinki, Finland, callstats.io was named a Cool Vendor in Unified Communications by research firm Gartner. The callstats.io product integrates with various third-party SDKs and is incorporated into popular PaaS solutions, making it easy to add centralized call monitoring capability to a WebRTC application.

Kontena

Seed Round in 2016
Kontena, Inc. provides Kontena, a container and microservices cloud platform for developers. It simplifies workflows for managing container based applications. The company was founded in 2015 and is based in Helsinki, Finland with additional offices in New York and Silicon Valley. As of February 25, 2020, Kontena, Inc. operates as a subsidiary of Mirantis, Inc.

bfound

Seed Round in 2016
bfound DMCC is a local search platform that helps small and medium businesses to be found online by their potential customers. The company was founded in 2015 and is based in Dubai, the United Arab Emirates.

Maplet

Seed Round in 2016
Maplet Oy designs and develops real-time interactive mapping solutions. The company offers Locator Map that shows your location on your website immediately; Field Sales Map, a tool that analyzes leads and also visualizes account descriptions, contact information, segmentation, and sales volumes on the map and also offers sales tracking services. It further offers custom solutions for individual businesses. The company was incorporated in 2012 and is based in Helsinki, Finland.

Dispelix

Seed Round in 2016
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.

Wolt

Series A in 2016
Wolt is a Helsinki-based company that specializes in food delivery services, enabling users to conveniently discover and order meals for home or office delivery. The platform offers a mobile interface that facilitates access to a variety of dining options, including takeaway services. Since its inception, Wolt has attracted significant investment, raising $280 million from notable investors such as ICONIQ Capital, Highland Europe, 83North, EQT Ventures, and Goldman Sachs.

ArcDia

Venture Round in 2016
The mariPOC® test system allows a multi-analytical result from one patient sample with one analysis. The test system provides central laboratory-level accuracy for patient-centered diagnostics. The reliability of the results is verified by automatic testing of the test system.

Curious AI Oy

Convertible Note in 2016
Deep good. Unsupervised better. The Curious AI Company is making the digital co-workers of the future. The Curious AI Company develops artificial general intelligence (AI). The company focuses on autonomous and interactive machine learning technologies. Building on more than two decades of work in bio-inspired AI by founder Harri Valpola, PhD, Curious AI delivers industrial pilot projects while building a long-term, complete AI deep tech portfolio.

Meru Health

Seed Round in 2016
Meru Health, Inc. develops an application that connects patients to licensed therapists for a 12-week program to treat people experiencing stress, depression, anxiety, and other mental health issues. The company provides a licensed-clinician-supported, mobile phone-based digital therapeutic program for depression and anxiety. The company was founded in 2016 and is based in San Mateo, California. It has additional offices in Palo Alto, California and Helsinki, Finland.

Oddshot.tv

Seed Round in 2016
Oddshot Inc. owns and operates a platform for video downloading and streaming. The company was founded in 2015 and is based in Greenwood Village, Colorado.

Sudden Coffee

Angel Round in 2016
Sudden Coffee is an online retail store that sells instant coffee powder. The company operates an online platform that enables individuals to subscribe a package of a variety of hand-crafted coffee including hot coffee, hot latte, iced coffee, and iced latte. Sudden Coffee was founded by Joshua Zloof and Kalle Freese in 2015 and is based in San Francisco, California.

Precise.ly

Seed Round in 2015
Precise.ly, Inc. is a New York-based company founded in 2011 that operates an online platform for individuals to share and collectively interpret their personal health data. The company emphasizes the importance of personal data ownership, ensuring that users maintain control over their information. Precise.ly is committed to safeguarding users' data, promising not to expose, share, or sell it without explicit consent. The platform aims to facilitate a journey of personal discovery by allowing users to securely hold and share their health data as they choose.

ICEYE

Series A in 2015
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.

Oura

Seed Round in 2015
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.

Wolt

Seed Round in 2015
Wolt is a Helsinki-based company that specializes in food delivery services, enabling users to conveniently discover and order meals for home or office delivery. The platform offers a mobile interface that facilitates access to a variety of dining options, including takeaway services. Since its inception, Wolt has attracted significant investment, raising $280 million from notable investors such as ICONIQ Capital, Highland Europe, 83North, EQT Ventures, and Goldman Sachs.

Umbra

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

Umbra

Series A in 2015
Umbra a Toronto-based homeware design company born over 30 years ago when graphic designer, Paul Rowan, couldn’t find a nice window shade to hang in his apartment window. So, he made one and people liked it. He soon teamed up with childhood friend, Les Mandelbaum, and Umbra (in Latin, “shade”) was born. Les and Paul began reimagining everyday items into modern ware. Today, Umbra is recognized all over the world for bringing intelligent design to everyday items. An in-house team of international designers allows us to come up with original design that speaks universally and personally to a broad customer base. The journey that started in Toronto continues—our designs can be found in over 120 countries.

Curious AI Oy

Seed Round in 2015
Deep good. Unsupervised better. The Curious AI Company is making the digital co-workers of the future. The Curious AI Company develops artificial general intelligence (AI). The company focuses on autonomous and interactive machine learning technologies. Building on more than two decades of work in bio-inspired AI by founder Harri Valpola, PhD, Curious AI delivers industrial pilot projects while building a long-term, complete AI deep tech portfolio.

Ambronite

Seed Round in 2015
Ambronite is a provider of organic drinkable meal that fulfils daily nutrition recommendations in 2 minutes. Its aim is to make healthy eating easy for busy professionals, who care about their health and time. Ambronite has been featured in TIME Magazine, Forbes, Business Insider, and Wired. It recently got backed by over 800 individuals from over 30 countries in its crowdfunding campaign totaling over 100,000 U.S. dollars. The company was founded in 2013 and is based in Espoo, Finland.

Enevo

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.

Synoste Oy

Series A in 2015
Synoste Oy, founded in 2007 and based in Espoo, Finland, is focused on developing innovative medical solutions for the treatment of skeletal deformities. The company's primary objective is to enhance patient comfort during bone-lengthening and bone-deformation correction procedures. By leveraging smart materials, Synoste aims to improve the traditional limb lengthening process, which is often associated with complications and discomfort. Their technology platform addresses various conditions, including congenital and trauma-related limb discrepancies, adult and pediatric deformities, and craniomaxillofacial deformations. As a subsidiary of Globus Medical, Inc., Synoste is committed to providing safer, more effective treatments that facilitate quicker recovery and restore patients' quality of life.

Smartly.io

Series A in 2015
Smartly.io Inc. operates a software-as-a-service (SaaS) platform that specializes in automating social advertising for performance marketers. Founded in 2013 and based in Helsinki, Finland, the company provides tools that allow users to create, launch, and optimize online advertising campaigns efficiently. Its platform features capabilities such as real-time analytics, customized reporting, and automated audience targeting and budget allocation. By integrating product images into various ad formats, including dynamic ads and social stories, Smartly.io enables brands to enhance their advertising performance and creativity. The company serves over 650 brands globally, including notable clients like eBay and Uber, and employs a diverse team of more than 450 professionals across 16 cities.

Ductor

Grant in 2015
Ductor Oy is a Finnish biotechnology company that focuses on developing innovative products for agriculture and renewable energy. Established in 2009 and based in Helsinki, Ductor specializes in the biological production of ammonia and phosphates, which are essential for the fertilizer industry. The company's proprietary technology enables the conversion of recycled materials into these vital nutrients, as well as the production of biomass for methane generation. Ductor's approach can be integrated into various applications, such as algae farming, to enhance nutrient delivery and energy production. Recently, the company has achieved a strategic milestone by commencing industrial-scale production, with its initial implementation designed to augment existing biogas facilities, thereby improving their economic viability.