Nordic Option

Nordic Option Oy is a venture capital firm based in Oulu, Finland, established in 1994. The firm specializes in investing in small and medium-sized growth technology companies located in the Northern regions of Finland, specifically Oulu, Lappi, and Kokkola. Nordic Option focuses on both early-stage and later-stage investments, aiming to provide capital ranging from €0.5 million to €3.84 million to companies with a minimum sales value of €1 million. The firm does not engage in property sector investments and has a portfolio with an investment value of approximately €10 million, along with around €1 million in loans granted. Nordic Option's investment strategy allows for up to five early-stage growth investments, supporting the development of established companies in its target regions.

Teemu Puumalainen

Investment Director

9 past transactions

Haltian

Venture Round in 2022
Haltian Oy, founded in 2012 by former Nokia employees and based in Oulu, Finland, specializes in product development and commercial Internet of Things (IoT) solutions. The company designs and develops a range of products, including imaging devices, IoT devices, mobile devices, wearables, sensors, and gateways. Haltian also offers a cloud server System-as-a-Service for smart spaces, enabling businesses to harness data for informed decision-making. With a team of over 70 experienced engineers, the company focuses on creating innovative solutions that facilitate the flexible expansion of digital business. Its offerings aim to enhance productivity, safety, employee satisfaction, and customer experience for clients in the consumer electronics and telecommunications sectors.

Brightplus

Funding Round in 2021
Manufacturer of renewable materials intended for packaging, construction, cosmetics and consumer goods. The company specializes in the design and development of new functional properties for industrial biomaterial for better prototyping and a full fit for customers' production lines, enabling clients with sustainable materials for industrial applications.

Sensorfu

Seed Round in 2021
SensorFu is a network security platform focused on protecting companies' critical information by detecting potential network leak paths before they can be exploited. The platform addresses the need for secure isolated networking environments, allowing organizations to determine whether their network isolation measures are functioning effectively. Leaks can occur due to human error or malicious intent, potentially violating security policies and contractual obligations. To mitigate these risks, SensorFu automates manual audit checks, thereby enhancing the capabilities of IT and security operations. This ensures ongoing compliance with specific mission policies and regulatory requirements. SensorFu's offerings include a virtual appliance, software application, and hardware appliance, providing flexibility for various operational needs.

Haltian

Venture Round in 2020
Haltian Oy, founded in 2012 by former Nokia employees and based in Oulu, Finland, specializes in product development and commercial Internet of Things (IoT) solutions. The company designs and develops a range of products, including imaging devices, IoT devices, mobile devices, wearables, sensors, and gateways. Haltian also offers a cloud server System-as-a-Service for smart spaces, enabling businesses to harness data for informed decision-making. With a team of over 70 experienced engineers, the company focuses on creating innovative solutions that facilitate the flexible expansion of digital business. Its offerings aim to enhance productivity, safety, employee satisfaction, and customer experience for clients in the consumer electronics and telecommunications sectors.

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 Clinical Systems Oy, founded in 2015 and based in Helsinki, Finland, specializes in developing advanced medical imaging software solutions tailored for eye care specialists. The company focuses on enhancing the efficiency and effectiveness of the clinical imaging process, benefiting both healthcare professionals and patients. With over 50 years of collective experience in the industry, KIDE Systems has established itself as a leader in delivering innovative imaging technology. Its platform generates over one million studies annually, securely processed through the KIDE cloud. Operating as a subsidiary of Topcon Healthcare Solutions, KIDE continues to expand its impact within the medical imaging sector.

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.

BestGlass

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.

Sotkamo Silver

Private Equity Round in 2010
Sotkamo Silver AB is a Sweden-based exploration and development company. It is engaged in the exploration and development of silver, gold and zinc deposits in the Nordic region. The company primarily holds an interest in Taivaljarvi silver mine project. In addition, there are two gold deposits, Harnas which is a former small-scale gold mining site in Sweden, and Hopevuori gold occurrence in Finland.
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