Tesi, established in 1995, is a Finnish government agency that promotes business growth and employment through strategic investments. It manages a portfolio exceeding €570 million, investing directly in companies and through venture capital funds. Tesi's focus is on stimulating growth, internationalisation, spin-offs, major industrial investments, and restructurings across various sectors.
Seaber Oy is a Finnish company established in 2017, specializing in software development for the shipping industry. Based in Espoo, the company operates a digital platform designed to streamline key operational processes in bulk and breakbulk shipping. Its platform offers a range of tools that simplify planning and communication related to shipments, enhance understanding of fleet utilization and cargo flows, and provide services such as planning, optimization, operational monitoring, and performance analysis. By delivering these capabilities, Seaber enables charterers, shipowners, and brokers to improve operational efficiency, reduce costs, and gain real-time insights into fleet performance.
Basemark
Series B in 2024
Basemark Oy is a technology company based in Espoo, Finland, specializing in performance measurement and augmented reality software for various industries, particularly in automotive applications. Founded in 2015, Basemark develops a suite of benchmarking tools that include Basemark ES 3.1 for graphics performance comparisons, Basemark OS II for system-level performance assessment of smartphones and tablets across multiple platforms, and Basemark X for evaluating gaming and graphics performance. Additionally, it offers Browsermark, which tests browser performance on a range of devices, and Basemark CL for measuring OpenCL implementations. In the automotive sector, Basemark provides a comprehensive suite of augmented reality development tools, enabling original equipment manufacturers and suppliers to create and deploy advanced AR applications for vehicle functions. These tools encompass features such as augmented reality navigation, head-up displays, and AI-based spatial computing, enhancing safety and performance in software-defined vehicles.
Carbo Culture
Series A in 2023
Carbo Culture Oy, founded in 2016 and based in Helsinki, Finland, specializes in producing biochar from waste biomass by employing a carbon sequestration process that captures carbon dioxide from the atmosphere. The company transforms orchard waste into high-quality biochar using patented reactors, which serves various applications, including soil enhancement and contamination remediation. This biochar helps improve soil health by retaining water and nutrients, while also supporting beneficial microorganisms. Additionally, Carbo Culture's innovative approach generates renewable energy and contributes to the creation of significant carbon credits, promoting sustainable practices in agriculture and construction.
Norsepower
Series C in 2023
Norsepower Oy Ltd, founded in 2012 and based in Helsinki, Finland, is a clean technology and engineering company specializing in generating renewable wind energy for the global maritime industry. The company offers auxiliary wind propulsion systems that are low-maintenance, software-operated, and data-verified. Their flagship product, the rotor sail solution, utilizes the magnus effect to harness wind power and propel ships, thereby reducing fuel consumption and greenhouse gas emissions.
Kide Science
Convertible Note in 2022
Kide Science Oy, founded in 2017 and based in Helsinki, Finland, specializes in providing educational services that promote natural sciences through play-based learning for children aged 3 to 8. The company offers innovative kindergarten and hobby programs designed for educators and parents, featuring story-based, hands-on experiments that address real scientific challenges. This platform equips caregivers with comprehensive lesson plans and optional training to facilitate engaging early childhood education both in classrooms and remotely. Kide Science’s research-backed pedagogical approach has demonstrated improved learning outcomes and has garnered a global presence, serving over 1,000 preschools across 30 countries. The company has also launched a free teacher platform that has attracted users from over 100 countries, impacting more than one million children. Kide Science has expanded its offerings through collaborations, including a book series with Sanoma and a TV show on Finland's national broadcaster YLE. In 2022, the company partnered with DreamWorks Animation to enhance its curriculum with themed lesson plans inspired by the popular Netflix series Gabby’s Dollhouse.
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.
Rester
Seed Round in 2022
Rester is a Finnish company specializing in textile recycling solutions that focus on recovering business textiles into new textile fibers and quality raw materials. By providing both closed and open-loop recycling systems, Rester enables businesses with waste or end-of-life textiles to minimize their environmental impact. The company's approach promotes sustainability within the textile industry by facilitating the utilization of recycled fibers, thereby contributing to a circular economy.
TILT Biotherapeutics
Venture Round in 2022
TILT Biotherapeutics Ltd is a preclinical stage biotechnology company based in Helsinki, Finland, specializing in the development of genetically modified oncolytic viruses aimed at enhancing cancer treatments. The company's patented technology focuses on using these viruses to improve tumor T-cell therapies, including tumor-infiltrating lymphocyte (TIL) and chimeric antigen receptor (CAR-T) therapies, as well as checkpoint inhibitors. TILT Biotherapeutics is recognized as a leader in the global market for integrating oncolytic viruses with cancer immunotherapy. Their product pipeline includes TILT-123, TILT-234, and TILT-321, which are designed to modify the tumor microenvironment and counteract its suppression of immune responses. The innovative approach has the potential to replicate the successes seen in CAR-T therapy for solid tumors, similar to those achieved in hematological cancers.
Meeat Food Tech Oy
Seed Round in 2022
Meeat is a food and agriculture industry that focuses on developing sustainable products. Meeat is headquartered inEspoo, Southern Finland.
NoHo Partners
Post in 2022
NoHo Partners Plc is a Finnish restaurant group that operates around 250 establishments, including restaurants, bars, pubs, nightclubs, and entertainment centers across Finland, Denmark, Norway, and Switzerland. The company is known for its diverse range of restaurant concepts, such as Elite, Savoy, Teatteri, Stefan's Steakhouse, Palace, and Loyly. NoHo Partners is structured into two main segments: its Finnish operations, which are the primary source of revenue, and its international business. The group's name, derived from "Nordic Hospitality Partners," reflects its commitment to hospitality and its strategic vision.
Uute Scientific
Funding Round in 2022
Uute Scientific Oy is a biotechnology company founded in 2019 and headquartered in Southern Finland. The company specializes in producing health and wellness ingredients aimed at reducing immune-mediated diseases such as diabetes and allergies. Uute Scientific offers extracts derived from natural substances, incorporating diverse microbes sourced from forests and agricultural environments. These ingredients are designed to be integrated into standard consumer products, making them accessible to families with young children. The company's approach focuses on helping individuals develop robust immune systems and lowering the risk of developing related health issues.
Alvar Pet
Seed Round in 2021
Alvar Pet Oy is a Helsinki-based company established in 2019 that specializes in producing dog food tailored to the specific needs of dogs. The company offers a range of products for various dog categories, including adult dogs, puppies, seniors, and dogs with special dietary requirements. Alvar Pet emphasizes sustainability by using environmentally friendly ingredients and minimizing carbon emissions throughout its operations, from supplier selection to logistics and packaging. Additionally, the company provides personalized meal plans and a home delivery service, ensuring convenience for pet owners. Alvar Pet also facilitates the recycling of packaging materials, reinforcing its commitment to environmental responsibility.
Dispelix
Series B in 2021
Dispelix Oy specializes in designing and manufacturing optical see-through displays for smart glasses and augmented reality applications. The company's flagship product, DiSPEL, is a near-to-the-eye display that uses a lens-like light guide to project virtual images into the user's field of view. Dispelix develops advanced waveguide combiners that serve as transparent displays in extended reality devices, effectively blending virtual elements with the real world. The company caters to industry leaders in the XR sector, helping to innovate and enhance the functionality of XR wearables. Founded in 2015 and headquartered in Espoo, Finland, Dispelix also operates subsidiaries in the United States and China.
Wirepas
Venture Round in 2021
Wirepas Ltd. specializes in wireless communication solutions for the Internet of Things (IoT), offering connectivity through its proprietary Pino solution, which enables multi-hop mesh networks. Founded in 2010 and based in Tampere, Finland, the company supports IoT projects from initial design to product delivery by providing pre-integrated, tested reference implementations along with a comprehensive support tool package. Wirepas Pino stands out in the market for its deterministic performance, adaptability to local radio conditions, and high reliability, addressing common challenges faced by IoT platforms. The company's technology allows for the creation of autonomous networks capable of supporting millions of devices, eliminating the need for traditional infrastructure while facilitating sensor, control, and low-bandwidth communication applications across various radio hardware and frequency bands.
MaaS Global
Series B in 2021
MaaS Global Ltd., established in 2015 and headquartered in Helsinki, Finland, operates as a mobility-as-a-service (MaaS) provider. The company's core business involves developing an application that aggregates public and private transportation services into a single mobile platform, offering users seamless, personalized travel plans. Additionally, MaaS Global supplements its primary service with value-added offerings such as grocery and meal deliveries, further enhancing user convenience. As the world's first mobility operator, the company aims to revolutionize urban transport by providing an efficient, sustainable alternative to car ownership.
Geyser Batteries
Funding Round in 2021
Geyser Batteries Oy is a Finnish company based in Vaasa, established in 2018, that specializes in the development and manufacture of innovative high-power batteries. These batteries are designed to endure millions of charge and discharge cycles, making them suitable for demanding applications in transportation, power grid, and heavy machinery sectors. Utilizing proprietary water-based electrochemistry and patent-pending technology, Geyser Batteries produces environmentally safe, maintenance-free batteries that are fire-resistant and operational in extreme temperatures down to -60°C. Their products focus on fast and efficient charging, as well as reliability and safety, aiming to provide sustainable energy solutions for various industries.
Bob W
Seed Round in 2021
Bob W is a technology-driven hospitality provider that provides an alternative to hotels and short-stay apartments. Its exceptionally cool apartments cater to the 21st-century traveler who wants it all: the consistent quality of a hotel and the authentic flair and affordability of a short-stay rental. It combines both worlds in sustainably operated properties, which are currently available in Finland and Estonia but are expanding across Europe and beyond. The company was founded in 2018 and is headquartered in Helsinki, Finland.
Akkurate
Convertible Note in 2020
Akkurate Oy is a Finnish consulting and engineering firm specializing in mobile battery technology. Founded in 2016 and based in Kaarina, the company provides a range of services that include technology consulting, testing and analysis, specification optimization, charging system design, and manufacturing assessments. Akkurate conducts various electrical performance tests, such as capacity and impedance measurements, cycle life tests, and extreme temperature evaluations. Additionally, the company performs safety testing, encompassing protection circuit verification and mechanical safety assessments. Akkurate also offers advanced battery analysis techniques, including x-ray analysis, teardown analysis, and scanning electron microscopy. With a team experienced in battery production and lifecycle management, Akkurate aims to reduce risks associated with lithium-ion batteries while supporting clients in optimizing their battery technology investments.
Fifax
Venture Round in 2020
Fifax Ab specializes in sustainable aquaculture, primarily cultivating high-quality rainbow trout using innovative and environmentally friendly methods. The company operates a modern fish farm located in Eckerö, Storby, on the western Åland, employing a Recirculating Aquaculture System (RAS) to minimize environmental impact. With a commitment to producing fresh, domestic trout, Fifax aims to serve the Finnish and Swedish markets while prioritizing ecological sustainability in its farming practices.
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.
Iceye
Series C in 2020
ICEYE Oy, founded in 2014 and based in Espoo, Finland, specializes in Earth observation through its extensive synthetic aperture radar (SAR) satellite constellation. This technology allows for near real-time imaging and monitoring across various sectors, including insurance, natural disaster response, and maritime activities. ICEYE's radar satellites can capture images regardless of weather conditions or sunlight, making them invaluable for applications such as monitoring illegal fishing, oil spills, storm damage, forest growth, and crop health. The company's capabilities extend to mapping flood damage, aiding humanitarian efforts, and tracking maritime activities like piracy and port operations. By providing comprehensive and timely data, ICEYE supports informed decision-making for clients in defense, government, and insurance industries.
UpCloud
Series B in 2020
UpCloud Ltd is a cloud hosting company based in Helsinki, Finland, specializing in infrastructure-as-a-service for business-critical customers. Established in 2011, the company operates high-performance cloud servers on enterprise-grade hardware, with data centers located in London, Chicago, Frankfurt, and Helsinki. UpCloud focuses on providing extreme redundancy, high resource performance, and 100% service level agreements, making it an attractive option for enterprises. Its competitive pricing positions it among the most affordable cloud providers in Europe. The company also offers software-defined networking services for flexible private network configurations and has developed user-friendly control panels along with mobile apps for iOS and Android, allowing administrators to monitor their servers remotely.
Endev
Venture Round in 2019
Endev LTD is a Finnish clean technology company specializing in thermal treatment solutions for wastewater and industrial sludges. The company has developed the PAKU solution, which efficiently and economically processes municipal sludge on-site. Utilizing a patented combination of a circulating mass dryer and reactor, Endev's technology transforms sewage by-products into renewable resources, enabling the recovery of energy and nutrients. This innovative approach allows industries to manage the thermal treatment of biomass while reducing costs and enhancing sustainability.
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.
Picosun
Venture Round in 2019
Picosun Oy, based in Espoo, Finland, specializes in providing atomic layer deposition (ALD) equipment and solutions for various industries and research institutions globally. The company offers a range of products, including the PICOSUN P-series for high-volume manufacturing, the R-series for research and development, and specialized tools for applications in printed electronics and medical devices. Their portfolio also includes vacuum cluster tools, particle coating systems, and diffusion enhancers, facilitating advanced processes like OLED encapsulation and thin film battery production. Picosun's technology supports diverse markets such as integrated circuits, micro-electromechanical systems, and medical equipment. Established in 1997, the company maintains a robust global presence with operations in the United States and Singapore, and a research and production facility in Masala, Finland. Picosun's extensive sales and support network spans over 30 countries, ensuring reliable service and product accessibility to its customers.
Wirepas
Series B in 2019
Wirepas Ltd. specializes in wireless communication solutions for the Internet of Things (IoT), offering connectivity through its proprietary Pino solution, which enables multi-hop mesh networks. Founded in 2010 and based in Tampere, Finland, the company supports IoT projects from initial design to product delivery by providing pre-integrated, tested reference implementations along with a comprehensive support tool package. Wirepas Pino stands out in the market for its deterministic performance, adaptability to local radio conditions, and high reliability, addressing common challenges faced by IoT platforms. The company's technology allows for the creation of autonomous networks capable of supporting millions of devices, eliminating the need for traditional infrastructure while facilitating sensor, control, and low-bandwidth communication applications across various radio hardware and frequency bands.
Dispelix
Series A in 2018
Dispelix Oy specializes in designing and manufacturing optical see-through displays for smart glasses and augmented reality applications. The company's flagship product, DiSPEL, is a near-to-the-eye display that uses a lens-like light guide to project virtual images into the user's field of view. Dispelix develops advanced waveguide combiners that serve as transparent displays in extended reality devices, effectively blending virtual elements with the real world. The company caters to industry leaders in the XR sector, helping to innovate and enhance the functionality of XR wearables. Founded in 2015 and headquartered in Espoo, Finland, Dispelix also operates subsidiaries in the United States and China.
Iceye
Series B in 2018
ICEYE Oy, founded in 2014 and based in Espoo, Finland, specializes in Earth observation through its extensive synthetic aperture radar (SAR) satellite constellation. This technology allows for near real-time imaging and monitoring across various sectors, including insurance, natural disaster response, and maritime activities. ICEYE's radar satellites can capture images regardless of weather conditions or sunlight, making them invaluable for applications such as monitoring illegal fishing, oil spills, storm damage, forest growth, and crop health. The company's capabilities extend to mapping flood damage, aiding humanitarian efforts, and tracking maritime activities like piracy and port operations. By providing comprehensive and timely data, ICEYE supports informed decision-making for clients in defense, government, and insurance industries.
Kaiku Health
Series A in 2018
Kaiku Health Oy is a digital health company based in Helsinki, Finland, focused on enhancing the quality of life for patients, particularly those undergoing cancer treatment. Founded in 2012, the company offers a user-centered platform that facilitates communication between patients and medical staff in multiple languages, including Swedish, English, German, and Finnish. Its software is designed to monitor patient-reported outcomes and track symptoms intelligently, allowing clinics to optimize care through timely interventions and improved efficiency. Kaiku Health serves over 30 hospitals and clinics across Finland, Sweden, and Switzerland, helping to streamline workflows and prioritize clinical actions. The company evolved from its original name, Netmedi Oy, in 2017 and operates as a subsidiary of Elekta AB. A dedicated team of over 20 employees drives its mission, supported by various venture capital funds and the Finnish Funding Agency for Innovation.
Oura
Series A in 2018
Oura is a Finnish company that specializes in the development of a smart wellness ring designed to monitor and track various biometric data related to health and well-being. The ring incorporates advanced sensors to measure key metrics such as heart rate, sleep cycles, and activity levels, providing users with insights into their physiological and behavioral responses to sleep, rest, and recovery. This data is accessible through the accompanying Oura application, which enables users to understand their overall health status and make informed lifestyle choices. Oura operates within the health and wellness industry, focusing on enhancing the user's understanding of their body and promoting better health outcomes.
Zervant
Series B in 2018
Zervant is a company based in Espoo, Finland, founded in 2010, that specializes in providing an online invoicing platform tailored for micro enterprises across Europe. The platform caters to sole traders and small businesses, offering features such as e-invoicing, postal invoicing, payment reminders, time tracking, and payment scheduling. By automating the invoicing process, Zervant helps its clients enhance efficiency in managing their financial operations. The company's core markets include Finland, Sweden, the UK, France, Germany, Belgium, and Austria.
BCB Medical
Private Equity Round in 2017
BCB Medical Ltd., founded in 2003 and headquartered in Turku, Finland, specializes in healthcare software solutions. The company collects, manages, processes, and utilizes medical information for tissue banks, hospitals, and hospital districts across the Nordic countries. BCB Medical offers a range of services including Disease-Specific Bullet Registry, an integration platform for various medical information systems; Omavointi, a self-help service enabling patient dialogue on health status and treatment needs; and BCB 360°, a data service combining and analyzing information from matrix registers. The company also provides services in distributing information to customers' knowledge pools, peer evaluation, and analytics. BCB Medical offers registry solutions for numerous medical areas such as orthopedics, oncology, neurology, cardiology, and more. The company is committed to meeting and exceeding regulatory requirements for transparency and high-quality healthcare management.
Visedo
Debt Financing in 2016
Visedo Oy specializes in the development, manufacture, and delivery of advanced electric and hybrid drive trains designed for heavy-duty applications in mobile work machinery, marine vessels, and buses. Based in Lappeenranta, Finland, the company focuses on solutions that operate effectively in harsh environments. Its drive trains are suitable for both hybrid electric and fully electric vehicles, providing innovative technology aimed at reducing fuel consumption, emissions, and noise levels. By employing state-of-the-art electric components, Visedo enables clients to enhance productivity while minimizing their environmental impact.
Optofidelity
Venture Round in 2016
Optofidelity, founded in Finland, specializes in robot-assisted testing and quality assurance for smart devices. The company has established itself as a leader in developing machine vision systems that enhance the measurement capabilities within the smart device ecosystem. Optofidelity's innovative solutions cater to major manufacturers of smartphones, tablets, laptops, automotive infotainment systems, and industrial smart machinery. By focusing on the intersection of technology and user experience, Optofidelity aims to improve the quality and performance of electronic devices, ultimately enhancing consumer satisfaction. The company's commitment to excellence in testing and production services positions it as a key player in advancing the standards of smart device functionality and reliability.
Onbone
Venture Round in 2015
Onbone Oy is a Finnish medical technology company based in Helsinki, specializing in the development and marketing of innovative Woodcast products designed for orthopedic and traumatology applications. The Woodcast product line includes various items such as ribbons, colored splints, folded splints, and heating devices, which are aimed at improving patient care and treatment outcomes. The company distributes its products through local distributors in multiple countries, including Finland, Germany, Sweden, the Netherlands, and Great Britain. Established in 2008, Onbone Oy was previously known as Injectobone Finland Oy before rebranding in January 2010. With a dedicated team of eleven employees, Onbone focuses on providing user-friendly solutions in the medical technology sector.
NewIcon
Venture Round in 2014
NewIcon Oy is a health technology company established in 2007, specializing in pharmacy automation systems. As a market leader in Finland, the company has successfully implemented its automated medication dispensing solutions in over 100 pharmacies and hospitals across multiple countries, including Denmark, Russia, Israel, Iran, and China. With a workforce of approximately 70 employees, NewIcon Oy generates a turnover exceeding € 7 million. The company is committed to quality, operating under a certified ISO 9001 quality management system, and focuses on using robotics and advanced software to enhance the efficiency and safety of medication distribution, allowing healthcare providers to prioritize patient care.
Mekitec
Venture Round in 2014
Mekitec Oy is a manufacturer and distributor of X-ray food quality control systems tailored for the food industry. Established in 2005 and based in Oulu, Finland, the company provides X-ray devices, rejecters, and maintenance services before and after installation. Mekitec's systems capture high-quality images of food products and utilize image analysis to detect foreign objects such as glass, metal, stones, and dense plastics, as well as various quality defects. In addition to inspection systems, the company offers data analytics tools that provide insights into the food manufacturing process, helping food brands ensure the safety and quality of their products while promoting sustainable food production. Mekitec serves a global customer base, enhancing quality control in the food sector.
Visedo
Venture Round in 2013
Visedo Oy specializes in the development, manufacture, and delivery of advanced electric and hybrid drive trains designed for heavy-duty applications in mobile work machinery, marine vessels, and buses. Based in Lappeenranta, Finland, the company focuses on solutions that operate effectively in harsh environments. Its drive trains are suitable for both hybrid electric and fully electric vehicles, providing innovative technology aimed at reducing fuel consumption, emissions, and noise levels. By employing state-of-the-art electric components, Visedo enables clients to enhance productivity while minimizing their environmental impact.
Visionplus
Venture Round in 2012
VisionPlus is a Finnish venture capital firm established in 2011, located in Helsinki. The firm focuses on investing in digital products, including applications, games, and services across various digital platforms. Its investment portfolio encompasses software-as-a-service, mobile applications, and internet services, as well as special content intellectual property deals. The management team at VisionPlus possesses extensive experience in technology, entrepreneurship, and seed investments, having successfully developed and managed large-scale business and development organizations in a global context.
Mendor
Series B in 2011
Mendor is a Finnish company focused on designing, developing, and marketing innovative diabetes management products. It has introduced a portable, all-in-one blood glucose meter alongside a web-based software application aimed at facilitating daily diabetes management. Mendor's products are developed in collaboration with users and diabetes experts to meet the specific needs of individuals who require regular blood glucose monitoring. Additionally, the company offers patented software systems that provide real-time data on diabetic care, which enhances the efficacy and efficiency of diabetes treatment for both patients and caregivers.
Silecs International
Series E in 2011
Silecs, Inc. develops and manufactures electronic and optical materials specifically for the microelectronics industry, focusing on applications in semiconductors, image sensors, and displays. The company's materials solutions are designed to integrate seamlessly with standard device manufacturing processes. Their products cater to a variety of needs, including low temperature dielectric applications, CMOS sensors, electro-optic devices, and TFT-LCD displays. Silecs operates research and development, and manufacturing facilities in Espoo, Finland, alongside regional support centers in Asia and the United States. Founded in 2000, Silecs is headquartered in Mountain View, California.
Nexstim
Venture Round in 2011
Nexstim Plc is a medical technology company based in Helsinki, Finland, specializing in non-invasive brain stimulation technologies. Founded in 2000, it focuses on developing and marketing navigated transcranial magnetic stimulation (nTMS) systems, utilizing its proprietary SmartFocus technology with 3D navigation for precise targeting of brain regions. The company offers the NBT system for treating major depressive disorder and chronic neuropathic pain, as well as the NBS system for pre-surgical mapping of speech and motor cortices. Nexstim primarily serves universities and teaching hospitals, with a significant portion of its revenue generated in North America and its products marketed across Europe and internationally.
European Batteries
Venture Round in 2011
European Batteries Ltd, a Finland-based company that develops and manufactures large, rechargeable lithium-ion based prismatic cells and battery systems.
Valmet Automotive
Venture Round in 2010
Valmet Automotive Inc., founded in 1968 and headquartered in Uusikaupunki, Finland, specializes in automotive engineering, manufacturing, and related services. The company produces a diverse range of vehicles, including conventional cars, electric vehicles, and driverless taxis, alongside convertible roof systems. Valmet Automotive is known for its work with premium car manufacturers, providing contractual vehicle manufacturing and electric vehicle battery systems. The company also supplies kinematic systems, such as active spoilers and electric loading flaps, for various applications in the automotive sector. With additional offices in Germany, Poland, and Spain, Valmet Automotive has established itself as a key player in the automotive industry, focusing on innovation and quality in both vehicle production and engineering services.
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.
Silecs International
Venture Round in 2009
Silecs, Inc. develops and manufactures electronic and optical materials specifically for the microelectronics industry, focusing on applications in semiconductors, image sensors, and displays. The company's materials solutions are designed to integrate seamlessly with standard device manufacturing processes. Their products cater to a variety of needs, including low temperature dielectric applications, CMOS sensors, electro-optic devices, and TFT-LCD displays. Silecs operates research and development, and manufacturing facilities in Espoo, Finland, alongside regional support centers in Asia and the United States. Founded in 2000, Silecs is headquartered in Mountain View, California.
Virtual Air Guitar
Seed Round in 2007
Virtual Air Guitar Company Oy, founded in 2006 and based in Espoo, Finland, specializes in the development of console games that offer unique gaming experiences through innovative technology. Its flagship product, Virtual Air Guitar, allows players to simulate playing the air guitar while controlling music using advanced computer vision technology. The company leverages its proprietary FreeMotion technology, which enables real-time background removal and skeleton tracking using standard 2D cameras. This technology facilitates immersive gameplay that incorporates full-body action and precise fingertip control, enhancing the overall user experience in motion gaming.
Nexstim
Venture Round in 2007
Nexstim Plc is a medical technology company based in Helsinki, Finland, specializing in non-invasive brain stimulation technologies. Founded in 2000, it focuses on developing and marketing navigated transcranial magnetic stimulation (nTMS) systems, utilizing its proprietary SmartFocus technology with 3D navigation for precise targeting of brain regions. The company offers the NBT system for treating major depressive disorder and chronic neuropathic pain, as well as the NBS system for pre-surgical mapping of speech and motor cortices. Nexstim primarily serves universities and teaching hospitals, with a significant portion of its revenue generated in North America and its products marketed across Europe and internationally.
OptoGaN
Venture Round in 2007
OptoGaN Oy is a company based in Espoo, Finland, specializing in the development and production of high brightness light emitting diodes (LEDs) for solid state lighting applications worldwide. Established in 2004, OptoGaN focuses on various sectors, including indoor and outdoor lighting, automotive lighting, and white LED lamps. The company's flagship product is the OptoGaN f-Power I, a blue-color InGaN LED chip designed for diverse uses. OptoGaN operates a pilot manufacturing line in Dortmund, Germany, and has research and development operations in Helsinki. Additionally, the company has production facilities in Landshut, Germany, and St. Petersburg, Russia, supporting its growth and technological advancements in the global LED market.
Quosis
Seed Round in 2007
Quosis Oy, founded in 2004 and headquartered in Jyvaskyla, Finland, operates as an open source software service company. It specializes in providing customizable solutions that enhance information management and communication for small and medium-sized enterprises, as well as public sector organizations. Quosis offers a range of services, including portal solutions for managing organizational information, content management systems for information sharing and production, business process management tools for automating and improving processes, and integration of information systems. Additionally, the company provides instant messaging solutions to facilitate better organizational communication, along with consultation and software development services tailored to meet specific IT needs. In 2008, Quosis was acquired by Proactum Oy.
Aspida
Venture Round in 2006
Aspida Oy is a Finnish software company established already in 2002. Since then corporate analysis has been our primary business focus. Our initial customers have been financial inspection units in the public sector. Since the beginning Aspida's products offering has been tightly focused on analysis and visualization tools.
Max Rumpus
Venture Round in 2006
Max Rumpus Ltd. is an innovative software company providing mobile publishing tools for its global customers. Headquartered in Helsinki, Finland, Max Rumpus is leading the development of products focused on changing the way people create and experience visual communication on mobile devices. The company was founded in 2001 by former employees of Wapit Ltd, a mobile software company in Helsinki. In its first 2 years, Max Rumpus launched its first software product, Yes!Message, and grew a successful consultancy business around software productization services for both mobile and PC based technologies. The first Maxdox products were launched in August of 2003. Today the company has centered its business on providing Maxdox Mobile Publisher.
Helmi Technologies
Series B in 2006
Helmi Technologies, Inc. provides user interface software solutions for enterprise Web developers. The company provides Rich Internet Application Platform that includes Virtual Browser, Intelligent Web Application Structure, UI component library, and Plug-ins for Web-development tools, as well as services, including custom component creation, migration service for current applications, consultation, and support. Helmi Technologies, Inc. was founded in 2004 and is based in Oulu, Finland. The company also has offices in San Jose, California and Helsinki, Finland.
Cavitar
Venture Round in 2006
Cavitar Ltd. is a Finnish company specializing in the development and manufacture of diode laser equipment, particularly known for its CAVILUX laser light source and visualization system. Founded in 1996 and headquartered in Tampere, Cavitar's products are utilized across a range of demanding applications, including additive manufacturing, imaging for ballistics and explosions, flow and spray monitoring, machine imaging, shockwave imaging, and welding. The company's illumination lasers provide higher power, brightness, and efficiency compared to traditional light sources, enhancing the accuracy of critical measurements in research and development. Additionally, Cavitar's technology facilitates real-time visual monitoring in industrial processes, leading to improved ergonomics and significant cost savings in manufacturing. The ability to couple lasers with fiber optics allows for compact solutions in space-constrained environments.
6sense Innovations
Venture Round in 2006
6sense Innovations is a technology company based in Helsinki, Finland, founded in 2000. It specializes in computer vision solutions and develops multivendor video surveillance systems that enable live and recorded video access tailored to user needs. The company's IP-based technology integrates various existing video systems into a unified interface, allowing businesses to record, analyze, and archive video footage from multiple sources without technical limitations. 6sense Innovations serves a diverse range of industries, including security, telecommunications, parking, manufacturing, real estate, and healthcare.
Ipsat Therapies
Series C in 2005
Ipsat Therapies, a biotechnology company, develops intestinal protection systems in antibiotic treatment. It focuses on the development of products for the prevention of antibiotic resistance, antibiotic-associated diarrhea, and hospital associated infections. The company offers bioengineered enzyme, which removes the excess unabsorbed harmful antibiotic in intestine and maintains a normal intestinal microflora. It also develops various antibiotics, including penicillin, cephalosporin, carbapenems, and fixed combination products. Ipsat Therapies Oy was founded in 1999 and is based in Helsinki, Finland.
Neoxen Systems
Venture Round in 2004
Neoxen Systems is a Finnish software services company that specializes in designing and developing solutions for information and communication technology process improvement. Founded in 2002 and headquartered in Turku, Finland, with an additional office in Helsinki, the company offers products such as the Neoxen QX Framework, a development platform for creating system software components and distributed business applications, as well as Neoxen Modus, which enhances product development and quality assurance processes. Neoxen also provides open-source tools for Windows-Linux professionals and a range of professional services, including IT consulting, software engineering, quality assurance, and staffing solutions. As a long-term Microsoft Gold Partner, Neoxen is recognized for its expertise in cloud technologies, particularly Windows Azure and Office 365. The company collaborates with various research centers and technology providers, ensuring it remains at the forefront of innovation in the industry.
TILT Biotherapeutics
TILT Biotherapeutics Ltd is a preclinical stage biotechnology company based in Helsinki, Finland, specializing in the development of genetically modified oncolytic viruses aimed at enhancing cancer treatments. The company's patented technology focuses on using these viruses to improve tumor T-cell therapies, including tumor-infiltrating lymphocyte (TIL) and chimeric antigen receptor (CAR-T) therapies, as well as checkpoint inhibitors. TILT Biotherapeutics is recognized as a leader in the global market for integrating oncolytic viruses with cancer immunotherapy. Their product pipeline includes TILT-123, TILT-234, and TILT-321, which are designed to modify the tumor microenvironment and counteract its suppression of immune responses. The innovative approach has the potential to replicate the successes seen in CAR-T therapy for solid tumors, similar to those achieved in hematological cancers.
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