OpenOcean

OpenOcean is a pan-European venture capital firm with offices in Helsinki and London that backs early-stage technology companies. The firm specializes in leading or co-leading Series A rounds for European ventures driving the data economy, with a focus on data infrastructure, automation and the future of software development, as well as B2B platforms and enterprise software. OpenOcean targets startups across Europe, leveraging deep technology expertise to identify scalable solutions that can be adopted globally. The founding team includes key figures from MySQL and MariaDB, reflecting a strong background in database technology and software platforms. Typical investment sizes are in the low-to-mid millions of euros, and the firm supports portfolio companies with technical and go-to-market guidance to accelerate growth.

Ekaterina Almasque

General Partner

Patrik Backman

General Partner, CEO and Co-Founder

Nina Gunell

Investment Associate

Tom Henriksson

General Partner

Sam Hields

Principal

Past deals in Finland

IQM Quantum Computers

Series A in 2022
IQM Quantum Computers, founded in 2018 and headquartered in Espoo, Finland, specializes in developing and manufacturing hardware systems for quantum computing. The company focuses on scalable hardware solutions utilizing superconducting technology to build quantum processors for universal quantum computers. By concentrating on practical applications, IQM aims to enhance quantum computing capabilities and address challenges faced by various industries and society. As a spin-out from Aalto University and the VTT Technical Research Centre of Finland, IQM has achieved significant advancements in areas such as thermal management, which are crucial for improving computational speed and information accuracy. The company's innovations position it as a leader in the global pursuit of large-scale quantum computing solutions. IQM also offers access to its hardware for research laboratories and supercomputing centers, helping businesses reduce error rates that currently limit computing performance.

Leadoo Marketing Technologies

Series A in 2021
Leadoo Marketing Technologies Ltd is a leading MarTech company based in Helsinki, Finland, with additional offices in Stockholm, London, and Tallinn. Founded in 2018, the company offers a unique lead-driven marketing platform designed to enhance the conversion of website visitors into qualified sales leads. Leadoo's solutions include interactive bots, messaging tools, smart profiles, advertising capabilities, and robust analytics, all aimed at improving customer engagement and service. With over 750 global clients, Leadoo has demonstrated its effectiveness by significantly increasing the number of sales leads generated. The platform focuses on creating meaningful interactions that help businesses achieve their marketing and sales objectives more efficiently.

IQM Quantum Computers

Series A in 2020
IQM Quantum Computers, founded in 2018 and headquartered in Espoo, Finland, specializes in developing and manufacturing hardware systems for quantum computing. The company focuses on scalable hardware solutions utilizing superconducting technology to build quantum processors for universal quantum computers. By concentrating on practical applications, IQM aims to enhance quantum computing capabilities and address challenges faced by various industries and society. As a spin-out from Aalto University and the VTT Technical Research Centre of Finland, IQM has achieved significant advancements in areas such as thermal management, which are crucial for improving computational speed and information accuracy. The company's innovations position it as a leader in the global pursuit of large-scale quantum computing solutions. IQM also offers access to its hardware for research laboratories and supercomputing centers, helping businesses reduce error rates that currently limit computing performance.

Verto Analytics

Series C in 2019
Verto Analytics Inc. specializes in audience cross-platform measurement solutions that track consumer behavior across various devices, applications, and platforms. The company operates a passive metering panel that collects longitudinal data on user interactions, providing insights into daily usage patterns, content consumption, and demographics. Its offerings include Verto App Watch, which analyzes mobile application usage, and Verto Watch, which aids device vendors and carriers in understanding consumer behavior related to their products. Verto Content Watch helps publishers assess their reach and market dynamics, while Verto Index focuses on cross-device usage of travel websites. Additionally, Verto provides tools for measuring user retention and engagement, as well as custom research services. Established in 2013 and headquartered in New York City, Verto Analytics also has offices in San Francisco, London, and Helsinki, enhancing its ability to deliver comprehensive insights into the evolving landscape of digital media consumption.

Leadoo Marketing Technologies

Seed Round in 2019
Leadoo Marketing Technologies Ltd is a leading MarTech company based in Helsinki, Finland, with additional offices in Stockholm, London, and Tallinn. Founded in 2018, the company offers a unique lead-driven marketing platform designed to enhance the conversion of website visitors into qualified sales leads. Leadoo's solutions include interactive bots, messaging tools, smart profiles, advertising capabilities, and robust analytics, all aimed at improving customer engagement and service. With over 750 global clients, Leadoo has demonstrated its effectiveness by significantly increasing the number of sales leads generated. The platform focuses on creating meaningful interactions that help businesses achieve their marketing and sales objectives more efficiently.

IQM Quantum Computers

Seed Round in 2019
IQM Quantum Computers, founded in 2018 and headquartered in Espoo, Finland, specializes in developing and manufacturing hardware systems for quantum computing. The company focuses on scalable hardware solutions utilizing superconducting technology to build quantum processors for universal quantum computers. By concentrating on practical applications, IQM aims to enhance quantum computing capabilities and address challenges faced by various industries and society. As a spin-out from Aalto University and the VTT Technical Research Centre of Finland, IQM has achieved significant advancements in areas such as thermal management, which are crucial for improving computational speed and information accuracy. The company's innovations position it as a leader in the global pursuit of large-scale quantum computing solutions. IQM also offers access to its hardware for research laboratories and supercomputing centers, helping businesses reduce error rates that currently limit computing performance.

Verto Analytics

Series C in 2018
Verto Analytics Inc. specializes in audience cross-platform measurement solutions that track consumer behavior across various devices, applications, and platforms. The company operates a passive metering panel that collects longitudinal data on user interactions, providing insights into daily usage patterns, content consumption, and demographics. Its offerings include Verto App Watch, which analyzes mobile application usage, and Verto Watch, which aids device vendors and carriers in understanding consumer behavior related to their products. Verto Content Watch helps publishers assess their reach and market dynamics, while Verto Index focuses on cross-device usage of travel websites. Additionally, Verto provides tools for measuring user retention and engagement, as well as custom research services. Established in 2013 and headquartered in New York City, Verto Analytics also has offices in San Francisco, London, and Helsinki, enhancing its ability to deliver comprehensive insights into the evolving landscape of digital media consumption.

Verto Analytics

Series B in 2016
Verto Analytics Inc. specializes in audience cross-platform measurement solutions that track consumer behavior across various devices, applications, and platforms. The company operates a passive metering panel that collects longitudinal data on user interactions, providing insights into daily usage patterns, content consumption, and demographics. Its offerings include Verto App Watch, which analyzes mobile application usage, and Verto Watch, which aids device vendors and carriers in understanding consumer behavior related to their products. Verto Content Watch helps publishers assess their reach and market dynamics, while Verto Index focuses on cross-device usage of travel websites. Additionally, Verto provides tools for measuring user retention and engagement, as well as custom research services. Established in 2013 and headquartered in New York City, Verto Analytics also has offices in San Francisco, London, and Helsinki, enhancing its ability to deliver comprehensive insights into the evolving landscape of digital media consumption.

Oppex

Series A in 2015
Oppex Ltd is a business information company based in Helsinki, Finland, founded in 2009. It operates an online platform that serves as a search engine for public sector bidding contests, enabling organizations to discover new sales opportunities across borders and language barriers. The company's platform processes and translates public tenders from over 1,000 procurement portals at local, national, and international levels. By providing translated and tailored data, Oppex helps both large corporations and small enterprises navigate the complexities of public sector bidding, facilitating their ability to bid for contracts and access new business avenues.

Verto Analytics

Series B in 2014
Verto Analytics Inc. specializes in audience cross-platform measurement solutions that track consumer behavior across various devices, applications, and platforms. The company operates a passive metering panel that collects longitudinal data on user interactions, providing insights into daily usage patterns, content consumption, and demographics. Its offerings include Verto App Watch, which analyzes mobile application usage, and Verto Watch, which aids device vendors and carriers in understanding consumer behavior related to their products. Verto Content Watch helps publishers assess their reach and market dynamics, while Verto Index focuses on cross-device usage of travel websites. Additionally, Verto provides tools for measuring user retention and engagement, as well as custom research services. Established in 2013 and headquartered in New York City, Verto Analytics also has offices in San Francisco, London, and Helsinki, enhancing its ability to deliver comprehensive insights into the evolving landscape of digital media consumption.

Ironstar Helsinki

Venture Round in 2009
Ironstar Helsinki is a company that specializes in creating virtual social environments aimed at teens. It has developed a service called MoiPal, which is a cross-platform virtual world that facilitates interactions among users. This platform allows for the integration of branded virtual goods, enhancing the user experience in both online and mobile settings. Through its innovative approach, Ironstar Helsinki aims to provide engaging and immersive spaces for young people to connect and socialize.
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