Maki.vc

Maki.vc is a venture capital firm established in 2018 and located in Helsinki, Finland. The firm focuses on investing in early-stage companies, spanning from their inception to Series A and beyond. Maki.vc targets a diverse range of sectors, including deep tech, consumer products and services, healthcare technology, artificial intelligence, and machine learning. While the firm is rooted in the Nordics, it actively seeks opportunities on a global scale, particularly in countries such as Sweden, Norway, Germany, France, the United Kingdom, and the United States. Maki.vc partners with companies that challenge conventional norms, emphasizing strong intellectual property and a deep understanding of customer needs. The firm aligns itself with visionary founders who are committed to innovation and disruption in their respective industries.

Ella Eskelinen

Analyst

Caroline Gattner

Investor

Ilkka Kivimaki

Partner

Petra Koivuvaara

Investor

Jaakko Lehtinen

Partner

Pauliina Martikainen

Partner

Pirkka Palomäki

Founding Partner

Paavo Räisänen

Partner

Mona Saurén

Analyst

78 past transactions

IXI

Series A in 2025
IXI is a company focused on advancing optical eyeglasses technology to enhance vision. It specializes in innovative lenses designed to offer a wide and clear field of view for both near and intermediate distances, effectively addressing the shortcomings of conventional progressive lenses. By providing a farsighted eyeglass prescription, IXI enables users to read and work with optimal vision without the need for multifocal lenses or constant switching of eyeglasses. The company aims to modernize traditional eyeglass optics, ensuring that individuals can experience vision as nature intended.

TrackSights

Pre Seed Round in 2025
TrackSights is a platform that provides immediate, actionable insights by combining and streamlining data from the automobile market and individual vehicles.

Ever

Seed Round in 2024
Ever is an automotive technology and household electrification company. Its online platform, evercars.com, provides consumers and small businesses with the best way to buy and sell electric cars in the US.

AISTI

Series A in 2024
AISTI is a manufacturer of building construction materials focused on sustainability. The company specializes in producing acoustic tiles made from wood pulp, which are fully carbon-negative, plastic-free, and easy to recycle. By utilizing wood fiber, AISTI addresses the growing demand for environmentally friendly construction products, promoting safer and more sustainable practices in the construction industry.

Quanscient

Series A in 2024
Quanscient develops multiphysics simulation software that leverages cloud computing and quantum algorithms to enhance simulation technology. Its platform integrates advanced solvers, cloud computing, and future quantum integration, offering engineers a significant increase in simulation throughput. This enables fully digital R&D processes across industries such as fusion energy, semiconductors, biomedical engineering, automotive, and aerospace.

Volare

Series A in 2024
Volare is a food technology company that upcycles industrial food waste into sustainable protein, oil, and fertilizer ingredients, including insect-derived proteins and lipids produced from black soldier fly larvae, using proprietary technology. The company aims to replace nature-destroying inputs such as fishmeal from wild catch, soy, and palm oil in animal feeds and the chemical industry, helping processors meet climate and nature goals by converting side-streams back into the food chain as protein and lipid ingredients.

Distance Technologies

Seed Round in 2024
Distance Technologies specializes in developing glasses-free extended reality (XR) applications tailored for industries such as automotive, aerospace, and defense. Their technology enables broader adoption of visual artificial intelligence in commercial and military cockpits and vehicles.

QMill

Seed Round in 2024
QMill is a pioneering company specializing in quantum computing. It develops advanced quantum algorithms tailored for the NISQ era, aiming to deliver practical quantum advantage. The company focuses on creating solutions for complex optimization problems that classical computers struggle with, enabling businesses to enhance their data analytics, forecasting, and optimization processes.

Onego Bio

Series A in 2024
Onego Bio is a biotechnology company focused on producing animal-free egg white protein through precision fermentation. Their flagship product, Bioalbumen, offers a sustainable alternative to traditional egg proteins, boasting identical taste and nutritional profiles while providing superior functional properties and a significantly reduced environmental footprint. By employing commercially proven technology, Onego Bio meets the growing demand for stable and sustainable functional ingredients within the food industry. The company has gained recognition as a leader in innovation, winning Fast Company’s 2023 World Changing Ideas award. Additionally, Onego Bio is actively involved in the industry as a co-founder of the Precision Fermentation Alliance and Food Fermentation Europe, further establishing its commitment to advancing sustainable food solutions.

Baseimmune

Series A in 2024
Baseimmune is a biotechnology company developing a platform for analyzing pathogens to create antigen and vaccine designs. Its technology generates antigens using advanced informatics, allowing healthcare providers to maintain vaccine effectiveness against mutating pathogens.

CardioSignal

Series A in 2024
CardioSignal develops innovative solutions for detecting heart diseases. Its flagship product is a mobile application certified as a medical device for atrial fibrillation detection, built on over a decade of research.

QDI systems

Series A in 2024
QDI Systems B.V. is a startup based in Groningen, the Netherlands, focused on developing advanced imaging devices for medical applications using quantum dot technology. The company specializes in creating X-ray sensors that deliver high-contrast and high-resolution imaging, particularly for mammography, while also reducing radiation exposure for patients. QDI Systems aims to provide user-friendly quantum dot materials accompanied by comprehensive instructions for constructing high-performance imaging devices. By leveraging innovative technology, the company enhances the precision of medical imaging, enabling healthcare professionals to obtain critical diagnostic information efficiently and safely.

Magic Feedback

Pre Seed Round in 2023
Magic Feedback is a technology company developing an AI-driven platform that consolidates user reviews and automatically analyzes them for deeper insights.

Enfuce

Venture Round in 2023
Enfuce is a European fintech company specializing in payment processing. It offers debit, prepaid, and credit card solutions, serving traditional banks, neobanks, and fintechs across Europe and globally. Enfuce's cloud-based platform provides open banking, issuing and acquiring services, strong customer authentication, and back-office support.

Databutton

Seed Round in 2023
Databutton is a low-code online app builder that lets non-technical founders and business users rapidly create and deploy functional applications. The platform enables users to connect to various data sources, models, and integrations or work with their own datasets, and supports building apps via a conversational interface and Python-based components. It provides features such as pages, scheduling, libraries, and data storage, along with external-source integrations, to design, navigate, and track projects. By lowering coding requirements, Databutton helps users turn ideas into usable apps with minimal programming effort.

Strise

Series A in 2023
Strise is an AI-driven company that focuses on anti-money laundering intelligence. It provides an automation platform that uses knowledge graphs to collect and analyze large volumes of data, delivering insights through a web-based interface. The platform supports AML processes, credit risk assessment, and sales prospecting across industries, helping organizations accelerate business processes while reducing risk. By reframing AML as a strategic capability, Strise aims to improve efficiency and effectiveness for teams handling financial crime and related risk management.

Quanscient

Seed Round in 2023
Quanscient develops multiphysics simulation software that leverages cloud computing and quantum algorithms to enhance simulation technology. Its platform integrates advanced solvers, cloud computing, and future quantum integration, offering engineers a significant increase in simulation throughput. This enables fully digital R&D processes across industries such as fusion energy, semiconductors, biomedical engineering, automotive, and aerospace.

Volare

Seed Round in 2023
Volare is a food technology company that upcycles industrial food waste into sustainable protein, oil, and fertilizer ingredients, including insect-derived proteins and lipids produced from black soldier fly larvae, using proprietary technology. The company aims to replace nature-destroying inputs such as fishmeal from wild catch, soy, and palm oil in animal feeds and the chemical industry, helping processors meet climate and nature goals by converting side-streams back into the food chain as protein and lipid ingredients.

CarbonCloud

Series A in 2023
CarbonCloud provides a web-based software platform that enables food producers, processors, and retailers to calculate and monitor emissions across the value chain in real time, set science-based climate targets, and act on them with actionable insights. The platform supports initial mapping to establish baselines, aggregates emissions data for entire portfolios, and visualizes climate ROI and supply chain performance to inform decisions. By calculating the climate footprints of products and production processes, it allows portfolio-level analysis at a fraction of the cost of traditional lifecycle assessments. Founded in 2019 as a spin-off from Chalmers University of Technology, CarbonCloud combines climate science with software and user experience to help the industry move from data to action for sustainable practices across farming, manufacturing, and retail.

Ever Dye

Seed Round in 2023
Ever Dye is a company that specializes in developing eco-friendly dyeing processes for the textile industry. By focusing on innovative dyeing technologies, Ever Dye aims to reduce pollution in textile manufacturing. The company combines new bio-based pigments with efficient dyeing methods to provide sustainable color solutions. This approach enables fashion industry clients to achieve both efficiency and sustainability in their dyeing processes.

Membrane Finance

Seed Round in 2022
Membrane Finance is a European Union licensed Electronic Money Institution (EMI) specializing in the issuance of EUROe, a fully-reserved euro stablecoin. This multichain stablecoin offers corporate clients a 1:1 minting and redemption ratio without fees. Additionally, Membrane provides Banking-as-a-Service (BaaS) solutions for crypto companies, including brokers, exchanges, and other blockchain ecosystem actors.

Strise

Seed Round in 2022
Strise is an AI-driven company that focuses on anti-money laundering intelligence. It provides an automation platform that uses knowledge graphs to collect and analyze large volumes of data, delivering insights through a web-based interface. The platform supports AML processes, credit risk assessment, and sales prospecting across industries, helping organizations accelerate business processes while reducing risk. By reframing AML as a strategic capability, Strise aims to improve efficiency and effectiveness for teams handling financial crime and related risk management.

K Line Europe

Series A in 2022
K Line Europe specializes in manufacturing and distributing clear aligners for dental practices worldwide. Their transparent aligner system enables efficient and cost-effective teeth straightening.

Twice Commerce

Seed Round in 2022
Twice Commerce is a cloud-based software developer that provides innovative solutions for merchants, focusing on enhancing profitability through a transformative resale model. The platform enables businesses to sell items multiple times, which not only increases revenue but also promotes sustainable practices by extending the lifecycle of products. Designed for rental shops, Twice Commerce's software streamlines operations by integrating inventory management, booking and reservations, rental contracts, payments, and both online and offline sales channels. This comprehensive suite of tools empowers merchants to maximize profit while fostering economic prosperity alongside ecological stewardship. By facilitating efficient transactions and sustainable practices, Twice Commerce positions itself as a leader in creating a profitable and environmentally responsible future for businesses.

Happeo

Series B in 2022
Happeo is a next-generation intranet platform that unifies internal communications and knowledge management. It offers a user-friendly template-based page builder and integrations with various company tools, enabling universal search across all platforms. This streamlined approach has led to adoption rates three times the industry average, making it a preferred choice for market leaders like Doctolib, GANT, and Marqeta.

QDI systems

Seed Round in 2022
QDI Systems B.V. is a startup based in Groningen, the Netherlands, focused on developing advanced imaging devices for medical applications using quantum dot technology. The company specializes in creating X-ray sensors that deliver high-contrast and high-resolution imaging, particularly for mammography, while also reducing radiation exposure for patients. QDI Systems aims to provide user-friendly quantum dot materials accompanied by comprehensive instructions for constructing high-performance imaging devices. By leveraging innovative technology, the company enhances the precision of medical imaging, enabling healthcare professionals to obtain critical diagnostic information efficiently and safely.

Lollipop

Seed Round in 2022
Lollipop is an online grocery shopping platform that includes personalized meal plans.

Outshifter

Pre Seed Round in 2022
Outshifter is a developer of embedded e-commerce software that facilitates online distribution by enabling the sale of products or services directly within content, eliminating the need for upfront inventory costs. The company's platform integrates a standardized API that allows users to access product data from multiple suppliers in a single format. This capability supports the discovery of new suppliers and enables a native multi-vendor checkout experience, enhancing customer retention and facilitating commission earnings. By connecting customers with product listings across the web, Outshifter empowers suppliers to expand their reach and manage sales outsourcing through numerous third parties, ultimately allowing for exponential growth in their online sales.

AISTI

Seed Round in 2022
AISTI is a manufacturer of building construction materials focused on sustainability. The company specializes in producing acoustic tiles made from wood pulp, which are fully carbon-negative, plastic-free, and easy to recycle. By utilizing wood fiber, AISTI addresses the growing demand for environmentally friendly construction products, promoting safer and more sustainable practices in the construction industry.

Valpas

Seed Round in 2022
Valpas is a company focused on enhancing bed bug safety in the hospitality industry, providing innovative prevention systems that allow hotels to protect their guests and maintain a pest-free environment. Their technology features a bioengineered design that integrates a standard pitfall trap with wireless capabilities, effectively attracting, trapping, and detecting bed bugs while preventing infestations. By adopting Valpas systems, hotels can eliminate the need for harmful pesticides, reducing environmental impact and promoting guest safety. Valpas has garnered positive recognition from a growing number of highly-rated hotels worldwide, making it a trusted choice for both leisure and corporate travelers who prioritize safety in their accommodations. The Valpas label signifies a commitment to guest protection and sustainable practices in the hospitality sector.

Zevoy

Series A in 2022
Founded in 2020, Zevoy is a Finnish fintech startup specializing in expense management solutions for businesses. It offers an integrated platform combining smart payment cards, receipt scanning app, and administration portal to streamline expenses, saving time and money while enhancing employee satisfaction.

Onego Bio

Seed Round in 2022
Onego Bio is a biotechnology company focused on producing animal-free egg white protein through precision fermentation. Their flagship product, Bioalbumen, offers a sustainable alternative to traditional egg proteins, boasting identical taste and nutritional profiles while providing superior functional properties and a significantly reduced environmental footprint. By employing commercially proven technology, Onego Bio meets the growing demand for stable and sustainable functional ingredients within the food industry. The company has gained recognition as a leader in innovation, winning Fast Company’s 2023 World Changing Ideas award. Additionally, Onego Bio is actively involved in the industry as a co-founder of the Precision Fermentation Alliance and Food Fermentation Europe, further establishing its commitment to advancing sustainable food solutions.

Yaak Technologies ApS

Seed Round in 2022
A unified workflow to search and uncover trends within petabytes of multimodal data, and build spatial intelligence. We build the tools for the pioneers of tomorrow, as spatial intelligence goes from apps to the real world.

Revela Health

Seed Round in 2022
Revela is a direct-to-consumer company that discovers novel molecules for consumer health applications and creates better products using these new ingredients.

Enfuce

Series C in 2021
Enfuce is a European fintech company specializing in payment processing. It offers debit, prepaid, and credit card solutions, serving traditional banks, neobanks, and fintechs across Europe and globally. Enfuce's cloud-based platform provides open banking, issuing and acquiring services, strong customer authentication, and back-office support.

Singa

Funding Round in 2021
Singa is a leading karaoke app provider, offering consumers high-quality song libraries accessible via mobile, web browser, Smart TV, or at Singa-powered venues. On the business side, Singa partners with pubs, bars, and other nightlife venues to boost revenues through professional karaoke software, currently serving over 1000 venues globally.

OGOship

Seed Round in 2021
OGOship Oy is a third-party logistics provider specializing in services for e-commerce businesses. Founded in 2011 and based in Helsinki, Finland, the company offers a comprehensive range of logistics solutions, including warehousing, inventory management, and shipping services. OGOship enables online retailers to outsource their logistics needs, allowing them to focus on sales and customer engagement. With a network of warehouses located in multiple countries, including Sweden, the Netherlands, and Estonia, the company helps small to medium-sized retailers store products closer to their customers, thereby reducing delivery times. Additionally, OGOship provides an online platform for managing shipping and logistics, along with consultancy services to optimize supply chain operations. Through its offerings, OGOship aims to facilitate global selling and streamline the logistics processes for e-commerce businesses.

Alvar Pet

Seed Round in 2021
Alvar Pet Oy is a Helsinki-based company established in 2019 that specializes in producing dog food tailored to the specific needs of dogs. The company offers a range of products for various dog categories, including adult dogs, puppies, seniors, and dogs with special dietary requirements. Alvar Pet emphasizes sustainability by using environmentally friendly ingredients and minimizing carbon emissions throughout its operations, from supplier selection to logistics and packaging. Additionally, the company provides personalized meal plans and a home delivery service, ensuring convenience for pet owners. Alvar Pet also facilitates the recycling of packaging materials, reinforcing its commitment to environmental responsibility.

Baseimmune

Seed Round in 2021
Baseimmune is a biotechnology company developing a platform for analyzing pathogens to create antigen and vaccine designs. Its technology generates antigens using advanced informatics, allowing healthcare providers to maintain vaccine effectiveness against mutating pathogens.

CarbonCloud

Seed Round in 2021
CarbonCloud provides a web-based software platform that enables food producers, processors, and retailers to calculate and monitor emissions across the value chain in real time, set science-based climate targets, and act on them with actionable insights. The platform supports initial mapping to establish baselines, aggregates emissions data for entire portfolios, and visualizes climate ROI and supply chain performance to inform decisions. By calculating the climate footprints of products and production processes, it allows portfolio-level analysis at a fraction of the cost of traditional lifecycle assessments. Founded in 2019 as a spin-off from Chalmers University of Technology, CarbonCloud combines climate science with software and user experience to help the industry move from data to action for sustainable practices across farming, manufacturing, and retail.

CardioSignal

Seed Round in 2021
CardioSignal develops innovative solutions for detecting heart diseases. Its flagship product is a mobile application certified as a medical device for atrial fibrillation detection, built on over a decade of research.

Zevoy

Funding Round in 2021
Founded in 2020, Zevoy is a Finnish fintech startup specializing in expense management solutions for businesses. It offers an integrated platform combining smart payment cards, receipt scanning app, and administration portal to streamline expenses, saving time and money while enhancing employee satisfaction.

Lollipop

Pre Seed Round in 2021
Lollipop is an online grocery shopping platform that includes personalized meal plans.

Volare

Seed Round in 2021
Volare is a food technology company that upcycles industrial food waste into sustainable protein, oil, and fertilizer ingredients, including insect-derived proteins and lipids produced from black soldier fly larvae, using proprietary technology. The company aims to replace nature-destroying inputs such as fishmeal from wild catch, soy, and palm oil in animal feeds and the chemical industry, helping processors meet climate and nature goals by converting side-streams back into the food chain as protein and lipid ingredients.

IXI

Seed Round in 2021
IXI is a company focused on advancing optical eyeglasses technology to enhance vision. It specializes in innovative lenses designed to offer a wide and clear field of view for both near and intermediate distances, effectively addressing the shortcomings of conventional progressive lenses. By providing a farsighted eyeglass prescription, IXI enables users to read and work with optimal vision without the need for multifocal lenses or constant switching of eyeglasses. The company aims to modernize traditional eyeglass optics, ensuring that individuals can experience vision as nature intended.

Baseimmune

Seed Round in 2021
Baseimmune is a biotechnology company developing a platform for analyzing pathogens to create antigen and vaccine designs. Its technology generates antigens using advanced informatics, allowing healthcare providers to maintain vaccine effectiveness against mutating pathogens.

Enfuce

Series B in 2021
Enfuce is a European fintech company specializing in payment processing. It offers debit, prepaid, and credit card solutions, serving traditional banks, neobanks, and fintechs across Europe and globally. Enfuce's cloud-based platform provides open banking, issuing and acquiring services, strong customer authentication, and back-office support.

Calqulate

Seed Round in 2021
Calqulate is a financial analytics platform tailored for SaaS and subscription-based companies, aimed at enhancing their understanding of current and future business performance. The platform integrates essential subscription metrics with cash flow management and sophisticated financial forecasting models. By providing actionable insights, Calqulate empowers startups and growth companies to make informed decisions, accelerate their growth, and effectively manage their operations.

Altum Technologies

Venture Round in 2021
Altum Technologies specializes in innovative ultrasonic solutions aimed at mitigating fouling in industrial systems, which incurs substantial costs annually. The company developed a unique technology that applies Power Ultrasound externally to various liquid-carrying equipment, such as heat exchangers, pipes, and cooling towers, allowing for effective cleaning without interrupting production. This approach not only enhances energy efficiency and minimizes maintenance needs but also eliminates the use of harmful chemicals in the cleaning process. Altum's patented system effectively addresses various types of fouling, including biofouling, mineral scaling, and chemical fouling, supporting clients in achieving compliance with strict environmental regulations. Through this intelligent software-guided technology, Altum Technologies offers a sustainable solution that improves operational health and safety while reducing downtime.

Ultimate

Series A in 2020
Ultimate provides a virtual agent platform that automates customer support across channels by combining deep learning AI with human agents. The platform learns from historical chat data to offer real-time suggestions and guidance to agents, enabling scalable, high-quality customer service through generative AI.

IQM Quantum Computers

Series A in 2020
IQM Quantum Computers, founded in 2018 and headquartered in Espoo, Finland, specializes in developing and manufacturing hardware systems for quantum computing. The company focuses on scalable hardware solutions utilizing superconducting technology to build quantum processors for universal quantum computers. By concentrating on practical applications, IQM aims to enhance quantum computing capabilities and address challenges faced by various industries and society. As a spin-out from Aalto University and the VTT Technical Research Centre of Finland, IQM has achieved significant advancements in areas such as thermal management, which are crucial for improving computational speed and information accuracy. The company's innovations position it as a leader in the global pursuit of large-scale quantum computing solutions. IQM also offers access to its hardware for research laboratories and supercomputing centers, helping businesses reduce error rates that currently limit computing performance.

TOTEM

Seed Round in 2020
TOTEM is a retail company that specializes in providing a range of foods, snacks, and drinks. Its primary focus is on fostering a culture of sharing and connection within workplaces, offering an environment where colleagues can come together to strengthen relationships, celebrate achievements, and support one another. By creating spaces for conviviality, TOTEM aims to enhance workplace culture and promote collaboration among employees.

Disior

Series A in 2020
Disior is a technology company that specializes in developing software for the measurement and modeling of tissue structures in CT and MRI images, aimed at enhancing diagnosis and treatment planning in clinical settings. The company's innovative solutions leverage advanced mathematical modeling and algorithms to accurately extract anatomical shapes and structures from medical images, independent of reference data. This capability allows for fast, precise, and reproducible measurements essential for both diagnostics and patient-specific treatment strategies. Disior's team comprises a diverse group of professionals, including experts in engineering, medical fields, and biotechnology, bringing together extensive experience in simulation and modeling systems. Their software caters to all three-dimensional imaging formats, facilitating improved diagnosis and enabling healthcare practitioners to make informed treatment decisions based on consistent and comparable data for both bone fractures and soft tissue.

CarbonCloud

Seed Round in 2020
CarbonCloud provides a web-based software platform that enables food producers, processors, and retailers to calculate and monitor emissions across the value chain in real time, set science-based climate targets, and act on them with actionable insights. The platform supports initial mapping to establish baselines, aggregates emissions data for entire portfolios, and visualizes climate ROI and supply chain performance to inform decisions. By calculating the climate footprints of products and production processes, it allows portfolio-level analysis at a fraction of the cost of traditional lifecycle assessments. Founded in 2019 as a spin-off from Chalmers University of Technology, CarbonCloud combines climate science with software and user experience to help the industry move from data to action for sustainable practices across farming, manufacturing, and retail.

Alvar Pet

Seed Round in 2020
Alvar Pet Oy is a Helsinki-based company established in 2019 that specializes in producing dog food tailored to the specific needs of dogs. The company offers a range of products for various dog categories, including adult dogs, puppies, seniors, and dogs with special dietary requirements. Alvar Pet emphasizes sustainability by using environmentally friendly ingredients and minimizing carbon emissions throughout its operations, from supplier selection to logistics and packaging. Additionally, the company provides personalized meal plans and a home delivery service, ensuring convenience for pet owners. Alvar Pet also facilitates the recycling of packaging materials, reinforcing its commitment to environmental responsibility.

Happeo

Series A in 2020
Happeo is a next-generation intranet platform that unifies internal communications and knowledge management. It offers a user-friendly template-based page builder and integrations with various company tools, enabling universal search across all platforms. This streamlined approach has led to adoption rates three times the industry average, making it a preferred choice for market leaders like Doctolib, GANT, and Marqeta.

BLAST Premier

Venture Round in 2020
BLAST Premier is an esports entertainment company that specializes in broadcast studio shows, arena events, and online content.

Strise

Seed Round in 2020
Strise is an AI-driven company that focuses on anti-money laundering intelligence. It provides an automation platform that uses knowledge graphs to collect and analyze large volumes of data, delivering insights through a web-based interface. The platform supports AML processes, credit risk assessment, and sales prospecting across industries, helping organizations accelerate business processes while reducing risk. By reframing AML as a strategic capability, Strise aims to improve efficiency and effectiveness for teams handling financial crime and related risk management.

Neuro Event Labs

Series A in 2020
Neuro Event Labs Oy, established in 2015 and headquartered in Tampere, Finland, specializes in developing artificial intelligence-based software for epilepsy patient monitoring. Their primary product collects accurate seizure data from patients at home and in hospitals, which is then analyzed and relayed to physicians for informed treatment decisions. This solution was developed in close collaboration with leading Finnish hospitals.

Entis

Venture Round in 2020
Entis is a brand specializing in insect-based food products that serve as an alternative source of protein. The company offers a range of snacks made from insect and vegetable proteins, designed for direct consumption or incorporation into various dishes. These products aim to provide consumers with nutritious and flavorful options to help meet their daily dietary requirements.

Mainframe Industries

Series A in 2020
Mainframe Industries is a game development company founded in 2019, with headquarters in both Helsinki, Finland, and Reykjavik, Iceland. The company specializes in creating an open-world, social sandbox MMO designed for cloud gaming, which enables cross-platform play across mobile devices, PCs, and televisions. By leveraging the expertise of teams with backgrounds in AAA, MMO, and mobile gaming, Mainframe aims to enhance the gaming experience through friction-free access from social networks and streaming platforms. This innovative approach is intended to broaden the creative possibilities for game developers and provide players with immersive gaming experiences.

Enfuce

Venture Round in 2019
Enfuce is a European fintech company specializing in payment processing. It offers debit, prepaid, and credit card solutions, serving traditional banks, neobanks, and fintechs across Europe and globally. Enfuce's cloud-based platform provides open banking, issuing and acquiring services, strong customer authentication, and back-office support.

Glue Collaboration

Seed Round in 2019
In 2004, Santtu Parikka founded Fake Production, a VR and gaming studio that won multiple awards for animation. In recent years, as their passion for all things VR/AR has grown, they’ve been drawn to an important challenge: to enable people thousands of miles apart to collaborate effectively in virtual environments, just as they might in a real physical setting. In 2016, Santtu and their CTO Juha Ruistola revealed the first multi-user VR prototypes. These proved an instant hit. A year later, as they crystallized their new mission, vision and strategy, Glue was born. Since then, their 30-strong team has continued to build on their legacy and break new ground in multi-user VR software, developing Glue into the fully-featured virtual collaboration platform they are today.

Ultimate

Seed Round in 2019
Ultimate provides a virtual agent platform that automates customer support across channels by combining deep learning AI with human agents. The platform learns from historical chat data to offer real-time suggestions and guidance to agents, enabling scalable, high-quality customer service through generative AI.

Mainframe Industries

Seed Round in 2019
Mainframe Industries is a game development company founded in 2019, with headquarters in both Helsinki, Finland, and Reykjavik, Iceland. The company specializes in creating an open-world, social sandbox MMO designed for cloud gaming, which enables cross-platform play across mobile devices, PCs, and televisions. By leveraging the expertise of teams with backgrounds in AAA, MMO, and mobile gaming, Mainframe aims to enhance the gaming experience through friction-free access from social networks and streaming platforms. This innovative approach is intended to broaden the creative possibilities for game developers and provide players with immersive gaming experiences.

Revonte

Seed Round in 2019
Revonte Ltd. is a Finnish company based in Tampere that specializes in manufacturing advanced drive systems for electronic bicycles. Established in 2016, Revonte's innovative systems include features such as automatic transmission, a flexible controller, high-capacity batteries, and a dedicated mobile application. These drive systems are designed to be customizable by retailers, allowing them to tailor the technology to meet the specific needs of their e-bikes. Revonte aims to enhance the user experience and provide better after-sale services by integrating modern technology into e-bikes, including capabilities for remote diagnostics and over-the-air updates. The company focuses on delivering competitive mobility solutions, positioning itself as a leader in the e-bike industry.

IQM Quantum Computers

Seed Round in 2019
IQM Quantum Computers, founded in 2018 and headquartered in Espoo, Finland, specializes in developing and manufacturing hardware systems for quantum computing. The company focuses on scalable hardware solutions utilizing superconducting technology to build quantum processors for universal quantum computers. By concentrating on practical applications, IQM aims to enhance quantum computing capabilities and address challenges faced by various industries and society. As a spin-out from Aalto University and the VTT Technical Research Centre of Finland, IQM has achieved significant advancements in areas such as thermal management, which are crucial for improving computational speed and information accuracy. The company's innovations position it as a leader in the global pursuit of large-scale quantum computing solutions. IQM also offers access to its hardware for research laboratories and supercomputing centers, helping businesses reduce error rates that currently limit computing performance.

Ultimate

Seed Round in 2018
Ultimate provides a virtual agent platform that automates customer support across channels by combining deep learning AI with human agents. The platform learns from historical chat data to offer real-time suggestions and guidance to agents, enabling scalable, high-quality customer service through generative AI.

Altum Technologies

Series A in 2018
Altum Technologies specializes in innovative ultrasonic solutions aimed at mitigating fouling in industrial systems, which incurs substantial costs annually. The company developed a unique technology that applies Power Ultrasound externally to various liquid-carrying equipment, such as heat exchangers, pipes, and cooling towers, allowing for effective cleaning without interrupting production. This approach not only enhances energy efficiency and minimizes maintenance needs but also eliminates the use of harmful chemicals in the cleaning process. Altum's patented system effectively addresses various types of fouling, including biofouling, mineral scaling, and chemical fouling, supporting clients in achieving compliance with strict environmental regulations. Through this intelligent software-guided technology, Altum Technologies offers a sustainable solution that improves operational health and safety while reducing downtime.

Happeo

Seed Round in 2018
Happeo is a next-generation intranet platform that unifies internal communications and knowledge management. It offers a user-friendly template-based page builder and integrations with various company tools, enabling universal search across all platforms. This streamlined approach has led to adoption rates three times the industry average, making it a preferred choice for market leaders like Doctolib, GANT, and Marqeta.

Valpas

Seed Round in 2018
Valpas is a company focused on enhancing bed bug safety in the hospitality industry, providing innovative prevention systems that allow hotels to protect their guests and maintain a pest-free environment. Their technology features a bioengineered design that integrates a standard pitfall trap with wireless capabilities, effectively attracting, trapping, and detecting bed bugs while preventing infestations. By adopting Valpas systems, hotels can eliminate the need for harmful pesticides, reducing environmental impact and promoting guest safety. Valpas has garnered positive recognition from a growing number of highly-rated hotels worldwide, making it a trusted choice for both leisure and corporate travelers who prioritize safety in their accommodations. The Valpas label signifies a commitment to guest protection and sustainable practices in the hospitality sector.

Glue Collaboration

Seed Round in 2018
In 2004, Santtu Parikka founded Fake Production, a VR and gaming studio that won multiple awards for animation. In recent years, as their passion for all things VR/AR has grown, they’ve been drawn to an important challenge: to enable people thousands of miles apart to collaborate effectively in virtual environments, just as they might in a real physical setting. In 2016, Santtu and their CTO Juha Ruistola revealed the first multi-user VR prototypes. These proved an instant hit. A year later, as they crystallized their new mission, vision and strategy, Glue was born. Since then, their 30-strong team has continued to build on their legacy and break new ground in multi-user VR software, developing Glue into the fully-featured virtual collaboration platform they are today.

Sumpli

Seed Round in 2018
Sumpli is a developer of a digital human resource hiring platform that simplifies the employer-employee matchmaking process. The platform is designed to connect talented individuals with flexible job opportunities across various sectors, including restaurants, cafes, nightlife, events, and retail, as well as full-time professional positions. By streamlining the hiring process, Sumpli allows employers to find suitable candidates without incurring additional costs or dealing with complexities related to hiring, payroll, and legal requirements. The user-friendly mobile interface enables quick and efficient job searches and applications, making it easier for both job seekers and employers to connect effectively.

Neuro Event Labs

Seed Round in 2018
Neuro Event Labs Oy, established in 2015 and headquartered in Tampere, Finland, specializes in developing artificial intelligence-based software for epilepsy patient monitoring. Their primary product collects accurate seizure data from patients at home and in hospitals, which is then analyzed and relayed to physicians for informed treatment decisions. This solution was developed in close collaboration with leading Finnish hospitals.

Disior

Seed Round in 2018
Disior is a technology company that specializes in developing software for the measurement and modeling of tissue structures in CT and MRI images, aimed at enhancing diagnosis and treatment planning in clinical settings. The company's innovative solutions leverage advanced mathematical modeling and algorithms to accurately extract anatomical shapes and structures from medical images, independent of reference data. This capability allows for fast, precise, and reproducible measurements essential for both diagnostics and patient-specific treatment strategies. Disior's team comprises a diverse group of professionals, including experts in engineering, medical fields, and biotechnology, bringing together extensive experience in simulation and modeling systems. Their software caters to all three-dimensional imaging formats, facilitating improved diagnosis and enabling healthcare practitioners to make informed treatment decisions based on consistent and comparable data for both bone fractures and soft tissue.

Lightsonic

Lightsonic specializes in intelligent monitoring solutions for critical infrastructure. The company's core offering is an analytics platform that combines artificial intelligence with distributed fiber optic sensing. This platform enhances operational efficiency, reduces environmental impact, and bolsters security by integrating seamlessly with existing fiber networks and enabling real-time detection and classification of leaks, threats, and structural changes.

Volare

Volare is a food technology company that upcycles industrial food waste into sustainable protein, oil, and fertilizer ingredients, including insect-derived proteins and lipids produced from black soldier fly larvae, using proprietary technology. The company aims to replace nature-destroying inputs such as fishmeal from wild catch, soy, and palm oil in animal feeds and the chemical industry, helping processors meet climate and nature goals by converting side-streams back into the food chain as protein and lipid ingredients.
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