Maki.vc

Maki.vc team is a unique collection of strong professionals, family offices, private individuals as well as corporate and institutional investors. They aim to create a strong community with strong professional ties and to offer invaluable help for the most promising founders in the region . Their extended team includes iconic entrepreneurs, top-tier investors and those who have never conformed to industry standards. Diverse set of strengths, complementary skills, invaluable contacts, and unconditional support – the whole Maki family at your service.

Ilkka Kivimaki

Founding Partner

Josefiina Kotilainen

CFO

Pauliina Martikainen

Investment Director

PP

Pirkka Palomäki

Founding Partner

Paavo Räisänen

Partner

Past deals in Iceland

Happeo Company Oy

Seed Round in 2018
The all-in-one enterprise social intranet, knowledge base, digital workplace, Internal Communications tool and people directory – all working perfectly with Google Suite. Happeo turns G Suite into a unified hub for teamwork. It facilitates managing remote teams and collaboration for enterprise and fast-growing organizations. In 2019, Gartner named Happeo a Cool Vendor. That same year, The Next Web recognized Happeo as one of Europe's fastest-growing scale-ups. Happeo’s own talent is spread across locations, generations, and time zones, helping Happeo’s continued growth of 280% year on year. To learn more visit https://www.happeo.com.
Enfuce Financial Services Oy designs and develops a cloud based payment platform for business enterprises. It offers open banking platform that enables banks and third party service providers to access account and payment data. In addition, it also provides monitoring, reporting, and dispute and error handling services. Enfuce Financial Services Oy was founded in 2016 and is based in Espoo, Finland.

Baseimmune

Seed Round in 2021
Baseimmune is a biotech startup founded to create the next generation of vaccines.

Alvar Pet Oy

Seed Round in 2020
Alvar Pet Oy produces dog food. The company allows the customer to create suitable recommendation for dog food according their dog’s needs. The company’s products include dog food for an adult dog, small dog, puppy, biting dog, seniors, vegetarian dog, active do, and big dog. The company also provides transportation of raw materials to the consumer’s door, and the recycling of packaging material service. The company provides home delivery service. Alvar Pet Oy was incorporated in 2019 and is based in Helsinki, Finland.
OGOship / Nettivarasto is an easy and flexible logistics solutions for growing online stores. It makes it possible for companies to easily outsource their entire physical goods warehousing and logistics. The company provide the entire warehousing and logistics package: warehouse and maintain stock, send goods globally with the best possible freight forwarders, and provide a variety of added value services usually available only for larger retailers.

Strise AS

Seed Round in 2020
Strise is signaling a new era of enterprise software and organizational change, transforming how companies work and empowering individual growth through knowledge. We believe in the AI-enabled financial institution without data silos where users and data are working together to solve even the most complex business problems.

Glue

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.

Enfuce Financial Services Ltd

Venture Round in 2019
Enfuce Financial Services Oy designs and develops a cloud based payment platform for business enterprises. It offers open banking platform that enables banks and third party service providers to access account and payment data. In addition, it also provides monitoring, reporting, and dispute and error handling services. Enfuce Financial Services Oy was founded in 2016 and is based in Espoo, Finland.

Pixieray

Seed Round in 2021
Pixieray modernizes traditional eyeglass optics by introducing a pioneering adaptive solution giving anyone perfect vision.

Disior

Seed Round in 2018
Disior Oy develops software for diagnostics and treatment optimization. The company’s software provides automatic measurement of diagnostics-related critical parameters, like shapes, sizes, angles, volumes, and distances. It offers automated measurement, fracture detection, visualization for planning, and strength and durability modeling. The software automatically creates mathematical 3D models of tissues visible in CT- and MRI- images and can also implement the body movement into the equation. This allows users to better see and analyze what is in the image, and to predict what will happen to the critical structures over time. It can be used in applications, such as maxillofacial fractures, wrist fractures, and orbital fractures. The company was founded in 2016 and is headquartered in Helsinki, Finland.

IQM

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

BLAST Premier

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

Singa

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

Happeo Company Oy

Series B in 2022
The all-in-one enterprise social intranet, knowledge base, digital workplace, Internal Communications tool and people directory – all working perfectly with Google Suite. Happeo turns G Suite into a unified hub for teamwork. It facilitates managing remote teams and collaboration for enterprise and fast-growing organizations. In 2019, Gartner named Happeo a Cool Vendor. That same year, The Next Web recognized Happeo as one of Europe's fastest-growing scale-ups. Happeo’s own talent is spread across locations, generations, and time zones, helping Happeo’s continued growth of 280% year on year. To learn more visit https://www.happeo.com.

ultimate.ai

Series A in 2020
ultimate.ai is a virtual customer service agent builder bringing multilingual customer service automation to businesses. The company's s proprietary deep learning technology enables customer service automation in all languages. Automate first-line customer contact across chat, email, and social, increase agent productivity by over 30% for complex cases, and continuously learns to improve the quality of automated and assisted support.

Mainframe Industries

Seed Round in 2019
Mainframe Industries is a Reykjavik, Iceland and Helsinki, Finland-based startup working on the development of an open world, social sandbox MMO for cloud gaming.The company will will work on an open-world, social sandbox MMO specifically designed for cloud gaming, with cross-platform play across mobile, PC, and TV. Mainframe believes that the promise of friction-free access from social networks and streaming platforms on the device of your choice will greatly expand the creative canvas for game developers.

Happeo Company Oy

Series A in 2020
The all-in-one enterprise social intranet, knowledge base, digital workplace, Internal Communications tool and people directory – all working perfectly with Google Suite. Happeo turns G Suite into a unified hub for teamwork. It facilitates managing remote teams and collaboration for enterprise and fast-growing organizations. In 2019, Gartner named Happeo a Cool Vendor. That same year, The Next Web recognized Happeo as one of Europe's fastest-growing scale-ups. Happeo’s own talent is spread across locations, generations, and time zones, helping Happeo’s continued growth of 280% year on year. To learn more visit https://www.happeo.com.

Valpas Enterprises Oy

Seed Round in 2022
Valpas Enterprises Oy develops and manufactures a system for hotels to prevent bed bugs. The company offers Smart bed legs, which is a hardware technology that keeps guests and the hotel safe from hitchhiking bed bugs by capturing them inside the bed leg. Its web service provides real time information on room status. The company caters to hospitality industry. Valpas Enterprises Oy was formerly known as Totem Hospitality Oy. The company was incorporated in 2013 and is based in Helsinki, Finland.
Enfuce Financial Services Oy designs and develops a cloud based payment platform for business enterprises. It offers open banking platform that enables banks and third party service providers to access account and payment data. In addition, it also provides monitoring, reporting, and dispute and error handling services. Enfuce Financial Services Oy was founded in 2016 and is based in Espoo, Finland.

Altum Technologies

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

Baseimmune

Seed Round in 2021
Baseimmune is a biotech startup founded to create the next generation of vaccines.

Jennis

Pre Seed Round in 2021
Jennis develops an application that offers information and services on women's menstrual cycle. It provides fitness training ideas, cycle mapping data, and food nutrition related to the hormonal cycle. Jennis is based in Wimbledon, London.

ultimate.ai

Seed Round in 2019
ultimate.ai is a virtual customer service agent builder bringing multilingual customer service automation to businesses. The company's s proprietary deep learning technology enables customer service automation in all languages. Automate first-line customer contact across chat, email, and social, increase agent productivity by over 30% for complex cases, and continuously learns to improve the quality of automated and assisted support.

Alvar Pet Oy

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

IQM

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

Mainframe Industries

Series A in 2020
Mainframe Industries is a Reykjavik, Iceland and Helsinki, Finland-based startup working on the development of an open world, social sandbox MMO for cloud gaming.The company will will work on an open-world, social sandbox MMO specifically designed for cloud gaming, with cross-platform play across mobile, PC, and TV. Mainframe believes that the promise of friction-free access from social networks and streaming platforms on the device of your choice will greatly expand the creative canvas for game developers.

ultimate.ai

Seed Round in 2018
ultimate.ai is a virtual customer service agent builder bringing multilingual customer service automation to businesses. The company's s proprietary deep learning technology enables customer service automation in all languages. Automate first-line customer contact across chat, email, and social, increase agent productivity by over 30% for complex cases, and continuously learns to improve the quality of automated and assisted support.

Rentle

Seed Round in 2020
Rentle Oy develops software solutions for rental companies. The company was founded in 2014 in and is based in Espoo, Finland.

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.

Neuro Event Labs Oy

Seed Round in 2018
Neuro Event Labs is a Finnish medical technology growth company. The company’s main product monitors epilepsy patients at home and in hospital. Accurate epilepsy seizure data is collected, analyzed and relayed to the patient’s physician, who makes individual treatment decisions based on the reports. The solution has been developed on close cooperation with leading Finnish hospitals.

Totem SAS

Seed Round in 2020
A Totem is a place of sharing and conviviality in your office. This is an opportunity for your colleagues to get to know each other better, celebrate victories and defeats together, and build a solid culture.

Neuro Event Labs Oy

Series A in 2020
Neuro Event Labs is a Finnish medical technology growth company. The company’s main product monitors epilepsy patients at home and in hospital. Accurate epilepsy seizure data is collected, analyzed and relayed to the patient’s physician, who makes individual treatment decisions based on the reports. The solution has been developed on close cooperation with leading Finnish hospitals.

Calqulate

Seed Round in 2021
Cash Runway and Growth Metrics for SaaS

Valpas Enterprises Oy

Seed Round in 2018
Valpas Enterprises Oy develops and manufactures a system for hotels to prevent bed bugs. The company offers Smart bed legs, which is a hardware technology that keeps guests and the hotel safe from hitchhiking bed bugs by capturing them inside the bed leg. Its web service provides real time information on room status. The company caters to hospitality industry. Valpas Enterprises Oy was formerly known as Totem Hospitality Oy. The company was incorporated in 2013 and is based in Helsinki, Finland.

Glue

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.

Sumpli

Seed Round in 2018
Getting jobs and hiring has never been this easy. At Sumpli they make the impossible possible, by matching the best talent with the most awesome companies, on your mobile with just a few clicks.

Revonte Ltd.

Seed Round in 2019
Revonte creates a solution for e-bike manufacturers that allows them to build superior e-bikes in all categories. It is creating a new revolutionary technology for e-bikes that gives e-bike manufacturers more flexibility, provides better after-sale services, and improves the user experience. It brings new e-bike technology to the IoT era with new features such as remote diagnostics and over-the-air updates. It was founded in 2018 and is headquartered in Tampere, Finland.

Entis

Venture Round in 2020
Entis is an insect food brand that makes food products that offer an alternative source of protein. Entis' snacks are insect and vegetable protein-based and can be eaten directly from a pack or incorporated into dishes, allowing consumers to get access to tasty snacks that help them achieve daily nutritional goals.

Disior

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