Nexit Ventures

Nexit Ventures Oy is a venture capital firm established in 1999 and headquartered in Helsinki, Finland, with an additional office in Palo Alto, California. The firm specializes in investing in high-tech companies at various stages, including seed, startup, early, and mature growth. Nexit Ventures focuses on technology and digital disruption, particularly in the B2B sector, mobile and wireless innovation, applications and services, and enabling technologies. It aims to support disruptive and scalable companies primarily in the Nordic countries and the United States, with occasional investments in the Baltics. The firm typically invests between $0.63 million and $12.62 million, leveraging its presence on both sides of the Atlantic to connect technologies, markets, and resources, thereby enhancing value for its portfolio companies.

Sami Karppinen

Partner

Pekka Salonoja

General Partner

Artturi Tarjanne

General Partner and Co-Founder

Michel Wendell

General Partner

Risto Yli-Tainio

CFO and Partner

32 past transactions

Aino Health AB (publ)

Post in 2024
Aino Health AB provides corporate health management solutions tailored for private and public organizations in Finland. The company offers a range of services, including HealthManager, a software as a service platform; SafetyManager, which integrates critical safety management data and processes; and HealthDesk, a multichannel service allowing employees to access professional help when feeling unwell. Additionally, Aino Health offers TeleHealth services, health management business process outsourcing, and consulting services. Headquartered in Stockholm, Sweden, Aino Health positions itself as a key player in enhancing organizational health management.

Boksi

Series A in 2023
Boksi is a digital advertising platform that transforms the way companies acquire content by connecting them with influencers. The company provides a marketplace that analyzes the posts of micro-influencers on social media, particularly Instagram, and assesses the behavior and preferences of their followers. By leveraging this data, Boksi enables businesses to engage with authentic influencers who can create personalized content featuring their own products, resulting in a more genuine connection with consumers. This approach is not only more authentic than traditional stock photography but also offers significant cost savings, with companies realizing over 70% in savings compared to conventional photo shoots and media agencies.

HDmessaging

Venture Round in 2013
HDmessaging is a provider of advanced group messaging applications, offering a comprehensive platform designed for mobile operators and developers. The company specializes in enabling group conversations, media sharing, and location sharing through its white-label solutions. Its fully featured API and open-source clients empower developers to create robust messaging applications with functionalities that include cross-platform access and SMS compatibility. HDmessaging's services are utilized by mobile device manufacturers, network operators, and app developers, facilitating the integration of group messaging into various services and applications. This positions HDmessaging as a key player in the evolving landscape of text messaging technology.

Rightware

Series B in 2013
Rightware Oy is a Finnish company specializing in graphical user interface solutions for mobile, automotive, and other embedded industries globally. Founded in 2009 and headquartered in Espoo, with additional offices in Shanghai, Beijing, and Palo Alto, Rightware offers a range of products designed to enhance user experiences. Its flagship product, Kanzi, addresses the challenges of implementing 3D user interfaces, allowing UI designers and engineers to focus on the creative aspects of their work. Alongside Kanzi, the company provides Kanzi Studio, a user-friendly editor that facilitates the design and customization of embedded user interfaces. Additionally, Rightware develops Basemark, a suite of system performance analysis tools that measure the performance of various graphics technologies across multiple platforms, including Android, Linux, and Windows Mobile.

Funambol

Venture Round in 2012
Funambol, Inc. specializes in providing white-label cloud solutions tailored for mobile operators and service providers. The company offers a range of personal and business cloud solutions, including OneMediaHub for personal content storage, and OneBizHub, which facilitates cloud file synchronization and sharing for small and medium-sized businesses. Additionally, Funambol provides OneSafetyHub, a safety cloud service featuring location tracking and emergency alerts for family security. The company also offers Internet of Things services and OneSIMHub, which supports SIM users in transitioning to smartphones. Founded in 2001 and based in Foster City, California, Funambol was previously known as Sync4j before rebranding in 2003.

Blyk

Venture Round in 2010
Blyk is a mobile media company that collaborates with mobile operators to connect young audiences with brands and services they are interested in. Established in the UK in 2007, Blyk quickly gained recognition as a leader in mobile advertising and audience engagement, known for delivering high response rates and return on investment for advertisers. The company pioneered interactive text and multimedia messaging as an advertising format, effectively leveraging the common behavior of young people who frequently communicate via mobile devices. Blyk's platform offers targeted advertising content through applications and messaging, helping brands enhance their image, strengthen customer relationships, and foster loyalty. The company operates from offices in Helsinki, London, Amsterdam, and Delhi, with strategic partnerships that include major operators like Orange and Vodafone.

Octoshape

Venture Round in 2010
Octoshape ApS specializes in live and on-demand streaming audio and video technology. Founded in 2003 and based in Copenhagen, Denmark, the company provides a variety of streaming solutions, including live Webcast services for events such as sports matches, musical performances, and award shows. Octoshape also offers hosted radio and television streaming solutions, as well as the OctoSource signal distribution solution, which enables broadcasters to transmit signals via the Internet for diverse events in sports, music, and entertainment. Additionally, the company features Cloudmass, a cloud-based content delivery service that supports global video distribution over the Internet. As of April 2015, Octoshape operates as a subsidiary of Akamai Technologies, Inc.

Rightware

Series A in 2010
Rightware Oy is a Finnish company specializing in graphical user interface solutions for mobile, automotive, and other embedded industries globally. Founded in 2009 and headquartered in Espoo, with additional offices in Shanghai, Beijing, and Palo Alto, Rightware offers a range of products designed to enhance user experiences. Its flagship product, Kanzi, addresses the challenges of implementing 3D user interfaces, allowing UI designers and engineers to focus on the creative aspects of their work. Alongside Kanzi, the company provides Kanzi Studio, a user-friendly editor that facilitates the design and customization of embedded user interfaces. Additionally, Rightware develops Basemark, a suite of system performance analysis tools that measure the performance of various graphics technologies across multiple platforms, including Android, Linux, and Windows Mobile.

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 Oy, founded in 2009 and based in Oulu, Finland, specializes in developing mobile platforms tailored for original design and equipment manufacturers. The company offers open platforms that enable these manufacturers and mobile operators to personalize their devices by integrating their own identity, user interface, content, and services. This flexibility allows clients to easily customize their mobile devices, helping them to stand out in a competitive market. With a team of industry experts, Aava Mobile focuses on providing innovative solutions that cater to the specific needs of its partners in the mobile technology sector.

Conformiq

Venture Round in 2009
Conformiq, Inc. specializes in developing software solutions for functional testing and automation, focusing on model-based testing (MBT) tools that enhance the efficiency and effectiveness of software testing processes. The company's primary offerings include Conformiq 360, an automated test design solution; Conformiq Creator, which tests enterprise IT and web applications; and Conformiq Transformer, designed to automate the execution of new and existing tests. Catering to sectors such as enterprise IT, communications, and embedded software, Conformiq counts major companies like AT&T, Vodafone, T-Mobile, Nokia, and Ericsson among its clients. The company, founded in 1998 and headquartered in San Jose, California, also maintains offices in Finland, Germany, Sweden, and India. Through strategic partnerships with firms like brightONE, Fraunhofer, Ideabytes, Sopra Steria, and Tech Mahindra, Conformiq continues to innovate in the realm of test automation, helping organizations enhance software quality while reducing costs.

Fuugo

Series B in 2009
Fuugo is a technology company that specializes in developing a cloud-based over-the-top (OTT) platform for TV and video services. Originally a division of Nokia that produced hardware for cable television, the company was restructured from its previous incarnation, Axel Technologies, in the mid-2010s. Fuugo's software platform enables broadcasters, content owners, and aggregators to create user interfaces for various video services across multiple devices. This innovative solution empowers clients to effectively share and monetize their video content on diverse platforms, enhancing their reach and revenue potential.

HDmessaging

Series C in 2009
HDmessaging is a provider of advanced group messaging applications, offering a comprehensive platform designed for mobile operators and developers. The company specializes in enabling group conversations, media sharing, and location sharing through its white-label solutions. Its fully featured API and open-source clients empower developers to create robust messaging applications with functionalities that include cross-platform access and SMS compatibility. HDmessaging's services are utilized by mobile device manufacturers, network operators, and app developers, facilitating the integration of group messaging into various services and applications. This positions HDmessaging as a key player in the evolving landscape of text messaging technology.

Funambol

Series B in 2008
Funambol, Inc. specializes in providing white-label cloud solutions tailored for mobile operators and service providers. The company offers a range of personal and business cloud solutions, including OneMediaHub for personal content storage, and OneBizHub, which facilitates cloud file synchronization and sharing for small and medium-sized businesses. Additionally, Funambol provides OneSafetyHub, a safety cloud service featuring location tracking and emergency alerts for family security. The company also offers Internet of Things services and OneSIMHub, which supports SIM users in transitioning to smartphones. Founded in 2001 and based in Foster City, California, Funambol was previously known as Sync4j before rebranding in 2003.

Futuremark

Venture Round in 2008
Futuremark is a Finnish software development company headquartered in Helsinki, specializing in performance analysis software for desktop and mobile devices. Founded in 1997, the company became part of UL in 2014, enhancing its capabilities in providing industry-standard benchmarks. Futuremark collaborates with technology companies to develop accurate and impartial benchmarks widely used by media and enthusiasts for testing hardware such as processors, graphics cards, notebooks, and tablets. The company maintains a comprehensive hardware performance database, utilizing user-submitted results to create online solutions that assist consumers in making informed purchasing decisions. Additionally, Futuremark offers software development and licensing, three-dimensional content creation, and performance analysis applications, further solidifying its role in the technology landscape. The company also has a sales office in Silicon Valley and representatives in Taiwan.

Ekahau

Series B in 2006
Ekahau, Inc. specializes in manufacturing Wi-Fi-based real-time location systems, offering a range of solutions for asset tracking, patient safety, staff workflow optimization, and life safety. The company provides various products, including Ekahau Vision software, which gives visibility into the location and status of assets and workflows, as well as Ekahau Site Survey for planning Wi-Fi networks, Ekahau Sidekick for measuring network performance, and 3D Planner for Wi-Fi design and troubleshooting. Additionally, Ekahau supplies Wi-Fi RFID tags, badges, and sensors. Its solutions cater to diverse sectors, including education, healthcare, industrial manufacturing, law enforcement, and hospitality, with a global customer base that includes many Fortune 500 companies. Founded in 2000 and headquartered in Reston, Virginia, Ekahau also has offices in Helsinki and Hong Kong, and it operates as a subsidiary of j2 Global, Inc.

SkyPilot Networks

Venture Round in 2006
SkyPilot Networks is a prominent provider of broadband wireless equipment designed for service providers, municipalities, and public safety agencies to efficiently deploy various network services. These services include last-mile Internet access, voice over IP, Wi-Fi hotspots, and video surveillance. The company's innovative solution employs a patented multi-hop point-to-multipoint architecture that enhances reach, reduces interference, and optimizes spectral efficiency. This technology results in a scalable, reliable, and deterministic broadband wireless network that simplifies design, increases deployment flexibility, and lowers both equipment and operational costs. SkyPilot's products include the SkyPilot Connector Mini and Pro, which offer cost-effective customer premises equipment for long-range connectivity, and the SkyPilot EMS, an element management system that aids in the deployment and management of wireless mesh networks. With a proven track record, SkyPilot has delivered its systems to customers in over 50 countries and is headquartered in Santa Clara, California.

Ecrio

Series B in 2005
Ecrio, Inc. specializes in providing 4G LTE real-time communications client software and services for the mobile industry. The company's flagship offering, the Ecrio Mobile Communications Client Suite (MCCS), facilitates the deployment of core 4G/LTE services, encompassing voice, video, SMS, and rich communication services (RCS) like video telephony and content sharing. The MCCS includes a variety of products such as the SIP/IMS Framework and Voice over LTE (VoLTE) Framework, which support the development of LTE and IMS-based applications while ensuring interoperability with network infrastructures. Ecrio also offers a Device-Platform SDK for operators and device manufacturers to optimize installations, along with an Application Development SDK for creating communication-rich applications. The company serves a global clientele, including handset manufacturers, mobile service operators, and infrastructure providers, enabling them to enhance customer experiences and streamline the integration of complex communication capabilities. Founded in 1998 and headquartered in Cupertino, California, Ecrio is committed to driving digital transformation in the mobile sector.

SkyPilot Networks

Series C in 2005
SkyPilot Networks is a prominent provider of broadband wireless equipment designed for service providers, municipalities, and public safety agencies to efficiently deploy various network services. These services include last-mile Internet access, voice over IP, Wi-Fi hotspots, and video surveillance. The company's innovative solution employs a patented multi-hop point-to-multipoint architecture that enhances reach, reduces interference, and optimizes spectral efficiency. This technology results in a scalable, reliable, and deterministic broadband wireless network that simplifies design, increases deployment flexibility, and lowers both equipment and operational costs. SkyPilot's products include the SkyPilot Connector Mini and Pro, which offer cost-effective customer premises equipment for long-range connectivity, and the SkyPilot EMS, an element management system that aids in the deployment and management of wireless mesh networks. With a proven track record, SkyPilot has delivered its systems to customers in over 50 countries and is headquartered 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 a prominent developer of advanced real-time 3D graphics and game technologies specifically designed for next-generation mobile devices. Founded in October 2000 by industry veterans from gaming, telecommunications, and mobile technology, the company specializes in providing products and custom solutions based on its X-Forge Technology. This technology enables clients to create and deploy sophisticated 3D games and rich content on mobile platforms efficiently. Fathammer's team, consisting of over 30 employees, possesses extensive experience in real-time 3D graphics and optimization for mobile hardware, along with a strong background in project management and innovative product development. The company's engineering and development operations are based in Helsinki, Finland, while its San Jose, California office focuses on sales and marketing. Fathammer's roots in the "demo scene" computer culture contribute to its ability to deliver high-quality gaming experiences tailored to the specific needs of its customers.

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 headquartered in Helsinki, specializing in performance analysis software for desktop and mobile devices. Founded in 1997, the company became part of UL in 2014, enhancing its capabilities in providing industry-standard benchmarks. Futuremark collaborates with technology companies to develop accurate and impartial benchmarks widely used by media and enthusiasts for testing hardware such as processors, graphics cards, notebooks, and tablets. The company maintains a comprehensive hardware performance database, utilizing user-submitted results to create online solutions that assist consumers in making informed purchasing decisions. Additionally, Futuremark offers software development and licensing, three-dimensional content creation, and performance analysis applications, further solidifying its role in the technology landscape. The company also has a sales office in Silicon Valley and 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

Series B in 2002
Hantro Products specializes in video technology for mobile devices, delivering optimized video compression solutions for various platforms, including mobile, digital consumer electronics, and IPTV devices. The company offers both hardware and software tailored for handheld devices, focusing on MPEG4, H.263, H.264, and VC-1 video formats. Hantro's extensive product portfolio encompasses applications for video capturing, playback, messaging, streaming, and telephony, ensuring high-quality video experiences across a range of mobile technologies.

SkyPilot Networks

Series B in 2001
SkyPilot Networks is a prominent provider of broadband wireless equipment designed for service providers, municipalities, and public safety agencies to efficiently deploy various network services. These services include last-mile Internet access, voice over IP, Wi-Fi hotspots, and video surveillance. The company's innovative solution employs a patented multi-hop point-to-multipoint architecture that enhances reach, reduces interference, and optimizes spectral efficiency. This technology results in a scalable, reliable, and deterministic broadband wireless network that simplifies design, increases deployment flexibility, and lowers both equipment and operational costs. SkyPilot's products include the SkyPilot Connector Mini and Pro, which offer cost-effective customer premises equipment for long-range connectivity, and the SkyPilot EMS, an element management system that aids in the deployment and management of wireless mesh networks. With a proven track record, SkyPilot has delivered its systems to customers in over 50 countries and is headquartered 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.
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