Nexit Ventures

Nexit Ventures is a venture capital firm focused on digital disruption. We invest in disruptive and scalable Nordic companies in early growth and more mature stages of their development. Nexit Ventures has its home bases in the Nordic countries and Silicon Valley creating a transatlantic bridge. Our continuous and active presence on both sides of the Atlantic connects technologies, markets, partners, resources, and exit opportunities, creating significant value for our portfolio companies. Nexit has offices in Helsinki and Silicon Valley.

Sami Karppinen

Partner

Pekka Salonoja

General Partner

Tarjanne, Artturi

General Partner and Co-Founder

Michel Wendell

General Partner

Risto Yli-Tainio

CFO and Partner

30 past transactions

HDmessaging

Venture Round in 2013
We are the backbone for text 2.0. Our free, fully featured API and open source clients provide everything developers need to build killer group messaging apps. We're powering a revolution in text messaging - Group conversations - Photo + media sharing - Location sharing - Facebook, Twitter integration - SMS integration & connectivity We provide a free API to anyone who wants to add group messaging to their service or application. Mobile device OEMs, network operators and app developers are all using the API today to build white label messaging services.

Rightware

Series B in 2013
Rightware Oy provides graphical user interface solutions for in mobile, automotive, and other embedded industries worldwide. It offers Kanzi to solve the implementation and differentiation problems of 3D user interfaces; and enable UI designers and engineers to focus on the creation, testing, and deployment of 3D user interfaces. The company also provides Kanzi Studio to provide a what-you-see-is-what-you-get editor for the user interface designers and embedded engineers for creation and customization of embedded user interfaces. In addition, it develops Basemark system performance analysis tools for OpenGL ES, OpenVG, OpenCL, Android, Linux, and Windows Mobile performance measurement. Rightware Oy was founded in 2009 and is based in Espoo, Finland with additional offices in Shanghai, Beijing, and Palo Alto.

Funambol

Venture Round in 2012
Funambol is the leading provider of white-label personal cloud solutions. For more information, please visit our website at http://www.funambol.com.

Blyk

Venture Round in 2010
Blyk is a messaging media that works with mobile operators to link young people with brands and other stuff they like. Blyk launched its innovative mobile service in he UK in 2007, and quickly became known as a leader in mobile advertising, audience engagement and for its ability to drive unprecedented response rates and return on investment for advertisers. Blyk pioneered the use of interactive text and multi-media messaging as an advertising format, leveraging the most predominant, everyday behaviour of young people (sending and receiving messages on their phones) and enabling young people to communicate with brands in the same way they do with everyone else. Blyk is a private company, with offices in Helsinki, London, Amsterdam and Delhi. It’s current strategic partners include Orange and Vodafone. www.blyk.com

Octoshape

Venture Round in 2010
Octoshape ApS provides live and on-demand streaming audio and video technology. The company offers live streaming solutions for Webcasts from live events, including sport matches, musical events, or award shows; and hosted radio streaming solutions. It also provides hosted television streaming solutions; and OctoSource signal distribution solution, which allows broadcasters to get signals through Internet connection, enabling broadcasts from a range of events in sports, music, and entertainment. The company was founded in 2003 and is based in Copenhagen, Denmark.

Rightware

Series A in 2010
Rightware Oy provides graphical user interface solutions for in mobile, automotive, and other embedded industries worldwide. It offers Kanzi to solve the implementation and differentiation problems of 3D user interfaces; and enable UI designers and engineers to focus on the creation, testing, and deployment of 3D user interfaces. The company also provides Kanzi Studio to provide a what-you-see-is-what-you-get editor for the user interface designers and embedded engineers for creation and customization of embedded user interfaces. In addition, it develops Basemark system performance analysis tools for OpenGL ES, OpenVG, OpenCL, Android, Linux, and Windows Mobile performance measurement. Rightware Oy was founded in 2009 and is based in Espoo, Finland with additional offices in Shanghai, Beijing, and Palo Alto.

Rightware - Benchmarking

Seed Round in 2009
Rightware's benchmarking is focus extending its world leading position in automotive HMI solutions.

Aava Mobile

Venture Round in 2009
Aava Mobile was founded in the spring of 2009 by a team of industry experts with a strong background in the mobile platform development for original design and equipment manufacturers. Aava Mobile open platforms provide the flexibility to OEM's and mobile operators to incorporate their own ID, user interface, content and services. They let OEM's and operators customize their devices easily and differentiate from their competitors.

Conformiq

Venture Round in 2009
Conformiq delivers model-based testing (MBT) tools, solutions, and services for the automated design of functional tests, derived from high-level functional models of the software and systems to be tested. Its Conformiq 360○ Test Automation technology enables the next generation of testing transforming, streamlining, and automating even the most complex system-level testing environments.

Fuugo

Series B in 2009
Brief History: A division of Nokia that produced PCMCIA hardware cable tv tuners was spun off in the mid OO's; this spinoff was named Axel Technologies. Axel was restructured in the mid-10's as Fuugo.

HDmessaging

Series C in 2009
We are the backbone for text 2.0. Our free, fully featured API and open source clients provide everything developers need to build killer group messaging apps. We're powering a revolution in text messaging - Group conversations - Photo + media sharing - Location sharing - Facebook, Twitter integration - SMS integration & connectivity We provide a free API to anyone who wants to add group messaging to their service or application. Mobile device OEMs, network operators and app developers are all using the API today to build white label messaging services.

Funambol

Series B in 2008
Funambol is the leading provider of white-label personal cloud solutions. For more information, please visit our website at http://www.funambol.com.

Futuremark

Venture Round in 2008
Futuremark is a Finnish software development company that creates software for desktop computers, notebooks, tablets, and smartphones. In 2014, it became a part of UL, a global safety science organization involved in the fields of product safety testing, inspection, and verification services. Futuremark works in cooperation with many of the technology companies to develop industry standard benchmarks that are relevant, accurate, and impartial. As a result, its benchmarks are widely used by the press publications and enthusiast review websites when testing the latest processors, graphics cards, notebooks, and tablets. The company maintains a hardware performance database, using the results submitted by its users to drive online solutions designed to help consumers make informed purchasing decisions. Founded in 1997, Futuremark is headquartered in Helsinki, Finland and has a sales office in Silicon Valley and sales representatives in Taiwan.

Ekahau

Series B in 2006
Ekahau is the global market leader in enterprise wireless network design and planning. More than 15,000 customers, including over 100 Fortune 500 companies, run their networks with Ekahau’s Wi-Fi planning and measurement solutions. Our proprietary software and hardware solutions design and manage superior wireless networks by minimizing network deployment time and ensuring sufficient wireless coverage across all industries, project sizes, building infrastructures and levels of complexity. We are recognized for delivering the easiest-to-use, most reliable solutions for Wi-Fi planning, site surveys, troubleshooting and optimization. Whether a corporate office, hotel, hospital or university – if the Wi-Fi works, it has likely been built using Ekahau’s Wi-Fi Design solutions.

SkyPilot Networks

Venture Round in 2006
SkyPilot Networks is a leading provider of carrier-class broadband wireless equipment that enables service providers, municipalities, and public safety agencies to rapidly deploy cost-effective network services, including last-mile Internet access, voice over IP, Wi-Fi hotspots, video surveillance, and other wireless applications. The SkyPilot solution utilizes a patented multi-hop point-to-multipoint architecture that synchronizes high-gain directional antennas to extend reach, mitigate interference, and maximize spectral efficiency. The result is a highly scalable, reliable, and deterministic broadband wireless network that simplifies design, increases deployment flexibility, and dramatically reduces equipment and operating costs. SkyPilot has proven scalability and reliability with units shipped to customers in over 50 countries. SkyPilot is a privately held company based in Santa Clara, California.

Ecrio

Series B in 2005
Ecrio provides optimized, standards compliant software clients and development resources to mobile phone service providers and device manufacturers for mobile commerce and real time communications. The Ecrio Mobile Communications Client Suite (MCCS) transforms everyday applications into communication-rich applications. The MCCS framework reduces the complexity and effort required to add rich communication functions to applications ranging from Voice and SMS to video telephony, content sharing, social communications and enterprise solutions. Applications running in common application environments, developed using standard SDK tools on a wide range of device types and platforms can be easily upgraded to communication-rich applications using the framework’s rich set of functions and its simple access methods. The Ecrio MCCS solves the challenges of enabling and sharing high-value and complex communication capabilities among multiple applications and devices, reducing the incremental effort, cost, and risk of deploying and using new LTE and IMS service capabilities. It accelerates application development resulting in more uses and optimized experiences expanding the individual value and market reach and achieving a higher value for the service capability investment.

SkyPilot Networks

Series C in 2005
SkyPilot Networks is a leading provider of carrier-class broadband wireless equipment that enables service providers, municipalities, and public safety agencies to rapidly deploy cost-effective network services, including last-mile Internet access, voice over IP, Wi-Fi hotspots, video surveillance, and other wireless applications. The SkyPilot solution utilizes a patented multi-hop point-to-multipoint architecture that synchronizes high-gain directional antennas to extend reach, mitigate interference, and maximize spectral efficiency. The result is a highly scalable, reliable, and deterministic broadband wireless network that simplifies design, increases deployment flexibility, and dramatically reduces equipment and operating costs. SkyPilot has proven scalability and reliability with units shipped to customers in over 50 countries. SkyPilot is a privately held company based in Santa Clara, California.

On2 Technologies

Series D in 2004
On2 Technologies Finland Oy offers power video codec solutions for wireless IC designs. It develops technology for enabling multimedia in battery operated mobile handsets. The company's portfolio includes hardware and software video codecs, and audio and still image codecs; and mobile TV, camcorder, and player/streamer application solutions. It offers professional services, such as architecture consulting, customization services, integration services, on-site and telephone support, and maintenance and upgrade services. The company serves semiconductor and device manufacturers in the North American, EMEA, and APAC markets. It has strategic partnerships with Access, ARM, Coding Technologies, EXPWAY, Freescale Semiconductor, Inc., OCP, RealNetworks, Silicon & Software Systems, Symbian, Texas Instruments, and Thomson. The company was founded as Hantro Products Oy in 1985 and changed its name to On2 Technologies Finland Oy in November 2007 following the acquisition by On2 Technologies Inc. The company is based in Oulu, Finland with additional offices in Espoo, Finland; Munich, Germany; Tokyo, Japan; Taipei, Taiwan; Kyunggido, Korea; and San Jose, California. As of November 1, 2007, On2 Technologies Finland Oy operates as a subsidiary of On2 Technologies Inc.

Fathammer

Venture Round in 2004
Fathammer is the leading developer of advanced real-time 3D graphics and game technologies for next generation mobile devices. The company supplies products and custom solutions based on its X-Forge Technology for companies that want to create and deploy advanced 3D games and other rich 3D content on mobile platforms. Fathammer was founded in October 2000 by a group of veterans of the game, telecommunications and mobile technology industries. The members of the management team have previously been involved with ten successful start-up companies. The company's employees are a tight knit team who have extensive backgrounds of working together at previous companies and projects. Additionally, most of the people in the company have their roots deep in the "demo scene" computer culture. The demo scene started in the 80s on the early home computers such as Commodore 64 and Amiga. It is here where low-level assembly programming and optimization was taken into a whole new level and seemingly impossible visual effects were created on super-limited hardware. Fathammer's core strengths include the thorough know-how of real-time 3D graphics technologies, optimizing for the limited hardware configurations of mobile devices and the development of high quality games. Combining this with seasoned project management, innovative product development and creative design, Fathammer can satisfy the specific needs of its customers in an effective way. Fathammer's engineering and development operations are based in Helsinki, Finland. Fathammer also has an office in San Jose, California, which coordinates the company's sales and marketing activities. The company is privately owned and currently employs 30+ people.

Bitfone Corporation

Series C in 2004
Bitfone offers mProve software, a software solution that helps wireless service providers do over-the-air mobile repairs and upgrades.

Mobile 365

Series D in 2004
Mobile 365 is the new company formed from the merger of the two leaders in the mobile messaging world: InphoMatch, the leader in interoperable data and messaging services for mobile operators, and Mobileway, the leader in messaging solutions for brands and content providers. It is the global leader in the delivery, billing, and settlement of mobile messaging services. Their extensive footprint enables us to reach more mobile users—with more types of mobile data—than anyone else on the globe. They reliably deliver messages, premium content, and value-added services for the leading mobile operators, content providers, brands, and media companies worldwide.

Futuremark

Series A in 2004
Futuremark is a Finnish software development company that creates software for desktop computers, notebooks, tablets, and smartphones. In 2014, it became a part of UL, a global safety science organization involved in the fields of product safety testing, inspection, and verification services. Futuremark works in cooperation with many of the technology companies to develop industry standard benchmarks that are relevant, accurate, and impartial. As a result, its benchmarks are widely used by the press publications and enthusiast review websites when testing the latest processors, graphics cards, notebooks, and tablets. The company maintains a hardware performance database, using the results submitted by its users to drive online solutions designed to help consumers make informed purchasing decisions. Founded in 1997, Futuremark is headquartered in Helsinki, Finland and has a sales office in Silicon Valley and sales representatives in Taiwan.

Bitfone Corporation

Venture Round in 2003
Bitfone offers mProve software, a software solution that helps wireless service providers do over-the-air mobile repairs and upgrades.

Bitfone Corporation

Series B in 2002
Bitfone offers mProve software, a software solution that helps wireless service providers do over-the-air mobile repairs and upgrades.

Mobile 365

Series C in 2002
Mobile 365 is the new company formed from the merger of the two leaders in the mobile messaging world: InphoMatch, the leader in interoperable data and messaging services for mobile operators, and Mobileway, the leader in messaging solutions for brands and content providers. It is the global leader in the delivery, billing, and settlement of mobile messaging services. Their extensive footprint enables us to reach more mobile users—with more types of mobile data—than anyone else on the globe. They reliably deliver messages, premium content, and value-added services for the leading mobile operators, content providers, brands, and media companies worldwide.

Hantro Products

Series B in 2002
Hantro Products is a provider of video technology for mobile devices. Hantro provides optimized video compression implementations for mobile, digital consumer-electronics and IPTV devices.

SkyPilot Networks

Series B in 2001
SkyPilot Networks is a leading provider of carrier-class broadband wireless equipment that enables service providers, municipalities, and public safety agencies to rapidly deploy cost-effective network services, including last-mile Internet access, voice over IP, Wi-Fi hotspots, video surveillance, and other wireless applications. The SkyPilot solution utilizes a patented multi-hop point-to-multipoint architecture that synchronizes high-gain directional antennas to extend reach, mitigate interference, and maximize spectral efficiency. The result is a highly scalable, reliable, and deterministic broadband wireless network that simplifies design, increases deployment flexibility, and dramatically reduces equipment and operating costs. SkyPilot has proven scalability and reliability with units shipped to customers in over 50 countries. SkyPilot is a privately held company based in Santa Clara, California.

Bitfone Corporation

Series A in 2001
Bitfone offers mProve software, a software solution that helps wireless service providers do over-the-air mobile repairs and upgrades.

Ekahau RTLS

Seed Round in 2000
Ekahau is the global leader in Wi-Fi network design tools, from WLAN network planning to site surveys and troubleshooting. Ekahau's Wi-Fi tools are used by the leading Wi-Fi infrastructure vendors, systems integrators, and telecom operators as well as thousands of network administrators to minimize network deployment time and ensure sufficient wireless network performance and capacity.

Hybrid Graphics

Series A in 2000
Hybrid Graphics Ltd., the leading developer of embedded 2D and 3D graphics software for handheld devices. This acquisition will enable the customers of both companies to deploy compelling graphics solutions for the entire worldwide handheld market.
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at support@teaserclub.com. Your feedback is most welcome.