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 Manager and Investment Director

Teemu Puumalainen

Investment Director

Past deals in Finland

Brightplus Oy

Funding Round in 2021
Brightplus is an innovative renewable materials manufacturing company from Finland. We specialise in design and development of new functional properties for industrial biomaterial solutions. We cater for industries like textiles, packaging, construction, cosmetics and consumer goods. Our expertise is based on developing solutions to multiple industries and providing fast prototyping and full fit for customers’ production lines.

Owatec

Private Equity Round in 2021
Owatec Group is an environmental company based in Oulu that specializes in the treatment of industrial wastewater and the recovery of side streams. The company provides innovative solutions for water and waste management, focusing on enhancing the efficiency of industrial water treatment processes. Its product offerings include electrochemical water treatment devices, electrochemical flotation machines, and electrocoagulation systems, as well as spectrophotometry and magnetic separators. By utilizing these technologies, Owatec aims to reduce water and chemical consumption while improving water quality and chemistry. This approach allows clients to address their water treatment challenges cost-effectively.

Sensmet

Private Equity Round in 2021
Sensmet Oy, established in 2017 and based in Oulu, Finland, specializes in the development of advanced water analysis technology using micro-discharge optical emission spectroscopy (µDOES). The company's innovative multi-element water analyser enables real-time monitoring and simultaneous analysis of various metal elements in water, enhancing the ability of industries to optimize water quality and ensure safety. Sensmet leverages extensive expertise in industrial research and measurement science to forge strategic partnerships across selected industrial sectors, aiming to advance applications that improve water management processes.

Screentec Oy

Private Equity Round in 2018
Screentec Oy is a company based in Oulu, Finland, specializing in the design, development, and manufacture of advanced user interfaces, sensors, and custom medical electrodes. Founded in 1989, Screentec focuses on creating products for demanding environments such as hospitals, heavy industry, vehicles, and professional kitchens. Their offerings are engineered to withstand high wear and tear while ensuring absolute operational reliability, catering to sectors that require robust and dependable solutions. The company has established itself as a key player in the development of innovative keyboard technologies and other interface solutions.

FocalSpec

Venture Round in 2017
FocalSpec is a Finnish high-tech company specializing in laboratory-grade measurement precision for online quality control and manufacturing line optimization. It offers sensors, 2D profilers, and 3D at-line scanners serving metal, electronics, plastics, medical industries, and systems integrators.

Valtavalo

Private Equity Round in 2015
Valtavalo Ltd, established in 2008, specializes in the development, manufacture, and supply of energy-efficient lighting solutions in Finland and internationally. Recognized as the largest LED tube manufacturer in the Northern Countries, the company focuses on high-volume production to offer competitive pricing on advanced LED technologies, which have traditionally been perceived as costly. Valtavalo's product range includes long-lifetime LED lighting tubes equipped with replaceable light sources, allowing users to significantly lower their energy consumption, installation, and maintenance costs. Through its innovative approach, Valtavalo aims to make energy-efficient lighting accessible and affordable for a wide array of clients.

Best Glass

Private Equity Round in 2011
Best Glass Oy is a leading manufacturer of insulating glass, operating one of the most advanced factories in northern Europe, located in Nivala. With nearly two decades of experience, the company specializes in producing high-quality, energy-efficient glass that also provides sound-dampening properties. Utilizing a highly automated production line, Best Glass employs the Super Spacer® Intermediate List to ensure superior insulation performance. Their products cater primarily to door, window, and house manufacturers, helping clients meet evolving energy standards with reliable and technically advanced solutions. The combination of cutting-edge technology and a commitment to quality positions Best Glass as a key player in the insulated glass industry.

Sotkamo Silver

Private Equity Round in 2010
Sotkamo Silver specializes in the exploration and development of silver, gold, and zinc deposits across the Nordic region. Its primary project is the Taivaljarvi silver mine.

Tekniseri Oy

Private Equity Round in 2008
Tekniseri Oy is a Finnish industrial printing and contract manufacturing company specializing in screen printing for electronics, including overlays, front panel markings, printing on equipment and digital printing. It provides mechanical assembly subcontracting and produces industrial labelling and insulation products such as overlays, precision-cut insulation, labels and warning stickers, and related screen-printing services. The company serves industrial automation, lighting, machinery, medical, instrumentation and infrastructure sectors, and exports to Germany, the United Kingdom, Australia, Denmark and Estonia. It operates manufacturing plants in Sievi and Espoo and is based in Kempele, Finland. Founded in 1986, Tekniseri supports clients with marking, labeling and surface treatment capabilities for switching and controlling electrical equipment.
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