Nordic Option

Nordic Option Oy is a venture capital firm based in Oulu, Finland, that specializes in investing in small and medium-sized growth technology companies primarily located in the Oulu, Lappi, and Kokkola regions. Founded in 1994, the firm focuses on both early-stage and later-stage investments, typically ranging from €0.5 million to €3.84 million, in companies that have achieved a minimum sales value of €1 million. Nordic Option does not invest in the property sector, and its strategy allows for multiple early-stage investments of up to one million euros each. The firm manages a portfolio valued at approximately €10 million and has provided loans totaling around €1 million, supporting the growth of established businesses in Northern Finland.

Jaakko Lampela

CEO

Teemu Puumalainen

Investment Director

9 past transactions

Haltian

Venture Round in 2022
Haltian Oy, founded in September 2012 by former Nokia employees, operates from Oulu, Finland, offering product development services and commercial Internet of Things (IoT) solutions. The company specializes in designing and developing a range of products, including imaging devices, IoT and mobile devices, as well as wearables. It also provides essential components such as sensors, gateways, and a cloud server System-as-a-Service for smart spaces. With a workforce of over 70 experienced engineers in mobile devices and software, Haltian is rapidly expanding its presence in the global consumer electronics and telecommunications markets.

SensorFu

Seed Round in 2021
SensorFu detects new network leak paths before they are exploited. If you're required to operate isolated networking environments, SensorFu helps you to anwer question: is my network isolation working as intended? Leaks from isolated network segments can be a result of human error or malice, and they may violate security policies or contractual obligations. SensorFu automates previously manual audit checks, and it empowers IT- and IT security ops to ensure continuous network, and network segment isolation that meets their mission specific policies and regulatory requirements. SensorFu Beacon is available as virtual appliance, software application and as hardware appliance.

Haltian

Venture Round in 2020
Haltian Oy, founded in September 2012 by former Nokia employees, operates from Oulu, Finland, offering product development services and commercial Internet of Things (IoT) solutions. The company specializes in designing and developing a range of products, including imaging devices, IoT and mobile devices, as well as wearables. It also provides essential components such as sensors, gateways, and a cloud server System-as-a-Service for smart spaces. With a workforce of over 70 experienced engineers in mobile devices and software, Haltian is rapidly expanding its presence in the global consumer electronics and telecommunications markets.

TactoTek

Series C in 2020
TactoTek Oy designs and manufactures injection-molded 3D structural electronic solutions. The company offers structural electronics that integrate printed circuitry, printed touch controls, and discrete electronic components into 3D injection-molded plastics to produce standard equipment enabling brands to design light, thin, and durable components, including LEDs for lighting, sensors, antennae, circuitry, integrated circuits, and printed touch controls. It involves in the development of solutions for a range of market segments, such as Internet of Things; automotive solutions, including electric vehicles; wearable technology; and scalable mass production. The company was incorporated in 2011 and is based in Kempele, Finland.

Kide Systems

Venture Round in 2017
KIDE Systems specialises in delivering cutting edge clinical imaging solutions to the medical industry. With more than 50 years of experience, KIDE's market-leading software makes the clinical imaging process more effective and efficient for both physicians and patients. Already over one million studies are generated to the KIDE cloud annually.

FocalSpec

Venture Round in 2017
FocalSpec is a privately held Finnish high tech company offering laboratory level measurement precision for online quality control and manufacturing line process optimization. Our product range consists of sensors, 2D profilers and 3D at-line scanners for metal, electronics, plastics and medical industries as well as for systems integrators. FocalSpec’s headquarters is located in Oulu, Finland and it operates globally through its subsidiary in Atlanta, USA and a skilled network of integrators and distribution partners.

Best Glass

Private Equity Round in 2011
BestGlass Oy manufactures insulating glass in the most modern insulating glass factory in northern Europe, Nivala. Production is almost entirely automated. The so-called Super Spacer® Intermediate List is used as a list of insulating glasses. BestGlass offers both high-quality service and high quality and technically superior products to door, window and house factories. The latest technology and highly automated production line ensures high quality. In addition, the company has 20 years of experience in the manufacture of insulating glass.