Seaber
Venture Round in 2024
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 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 is a Finnish company founded in 2016, based in Helsinki, specializing in the production of biochar from waste biomass. It employs a carbon sequestration process that captures carbon dioxide from the atmosphere, transforming orchard waste and other local biomass into high-quality biochar using patented reactors. This biochar serves dual purposes: it is utilized in agricultural and construction applications, enhancing soil properties by improving water and nutrient retention, and it also acts as a remediation agent for contaminated sites. In addition to producing biochar, the company's technology generates renewable energy and contributes to the creation of carbon credits, promoting environmentally sustainable practices in energy production and waste management.
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 is an educational service provider based in Helsinki, Finland, focused on fostering natural science learning for children aged 3 to 8 through play-based methods. Founded in 2017, the company offers a platform that equips educators and parents with story-based lesson plans and optional training, enabling them to engage children in hands-on experiments that address real-world science problems. Kide Science's research-backed pedagogical approach, developed from extensive academic work at the University of Helsinki, has successfully attracted over 1,000 preschools across 30 countries. The company also launched a teacher platform in October 2021, which has garnered free trial users from over 100 countries and reaches more than 1 million children. Additionally, Kide Science has collaborated with Sanoma to produce a book series and partnered with DreamWorks Animation to create themed lesson plans based on its popular Netflix series, Gabby’s Dollhouse, further enhancing its innovative approach to early childhood education.
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 is a Finnish company specializing in textile recycling solutions that facilitate the recovery of business textiles into new fibers and quality raw materials. By providing both closed and open-loop recycling systems, Rester enables businesses dealing with waste or end-of-life textiles to minimize their environmental impact. The company's innovative approach promotes a sustainable textile industry by transforming discarded materials into valuable resources, thereby supporting circular economy principles.
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 to enhance T-cell therapies for cancer treatment. Established in 2013, the company focuses on utilizing its patented technology to improve tumor-infiltrating lymphocyte (TIL) and chimeric antigen receptor (CAR-T) therapies, as well as checkpoint inhibiting antibody treatments. TILT Biotherapeutics is advancing products such as TILT-123, TILT-234, and TILT-321, which aim to modify the tumor microenvironment and boost immune responses against cancer. The company's innovative approach holds promise for achieving effective results in treating solid tumors, paralleling the successes seen in hematological tumors.
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 based in Southern Finland, founded in 2019. The company specializes in producing health and wellness ingredients aimed at reducing immune-mediated diseases, such as diabetes and allergies. Uute Scientific offers natural extracts derived from diverse microbes found in forests and agricultural environments, which are incorporated into standard consumer products for families with young children. By providing these innovative ingredients, the company seeks to enhance immune systems and lower the risk of developing various health conditions.
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 Oy is a Finnish company specializing in the design and manufacture of optical see-through displays for smart glasses and extended reality (XR) devices. Founded in 2015 and headquartered in Espoo, Finland, Dispelix develops advanced waveguide combiners that create transparent displays, allowing users to experience a seamless blend of virtual and real-world environments. The company's flagship product, DiSPEL, utilizes a lens-like light guide to project high-quality, full-color images into the user's field of view, compatible with various image sources including LCOS, LCD, LED, and laser technologies. With subsidiaries in the United States and China, Dispelix aims to be a key player in the XR industry, partnering with leading companies to innovate and enhance the functionality and design of XR wearables.
Wirepas
Venture Round in 2021
Wirepas Ltd. is a Finnish company established in 2010, specializing in wireless communication solutions for the Internet of Things (IoT). Based in Tampere, Wirepas develops Pino, a unique multi-hop mesh network solution that enables reliable and scalable connectivity for IoT devices. This technology supports the creation of autonomous networks that can expand to millions of devices without the need for traditional infrastructure. Wirepas Pino offers deterministic performance, local radio adaptability, and high reliability, addressing key challenges faced by IoT platforms. The company provides extensive support throughout the design and delivery process, including pre-integrated and tested reference implementations to facilitate IoT connectivity projects across various applications.
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 manufacturing of advanced high-power batteries. The company focuses on producing ultra-durable batteries capable of enduring millions of charge and discharge cycles, making them suitable for demanding applications in transportation, power grid management, and heavy machinery. Geyser Batteries utilizes a proprietary water-based electrochemistry and patent-pending technology that merges the energy storage capabilities of traditional batteries and supercapacitors, enhancing energy capacity while ensuring environmental safety throughout production, use, and disposal. Their batteries are designed for rapid charging and reliability, functioning effectively even in extreme temperatures as low as -60°C. Additionally, they are maintenance-free and fire-safe, making them an ideal choice for applications where safety and efficiency are paramount.
Bob W is a provider of short-stay accommodation services that offers an alternative to traditional hotels. The company operates a managed marketplace of serviced apartments that combine the quality standards and amenities of a lifestyle hotel with the authenticity and functionality of a home. Each apartment is locally designed, work-friendly, and equipped with hotel linens and professional cleaning services. Additionally, the accommodations feature fully equipped kitchens, access to local gyms, and curated breakfast options. This approach allows travelers to easily find and enjoy short-stay accommodations tailored to their needs while ensuring a high standard of service and ecological mindfulness.
Akkurate
Convertible Note in 2020
Akkurate Oy is a Finnish company established in 2016, specializing in mobile battery consulting, analysis, diagnostics, and engineering services. Based in Kaarina, the company provides a comprehensive range of services, including technology consulting, testing and analysis, specification optimization, charging system design, and manufacturing assessments. Akkurate conducts various tests, such as electrical performance testing, safety testing, and battery analysis, which encompasses x-ray analysis and Scanning Electron Microscope evaluations. The team at Akkurate comprises experienced professionals with a strong background in battery production, development, and lifecycle management. Their expertise is aimed at minimizing risks associated with Li-ion batteries, ensuring that clients can manage their investments effectively as battery technology evolves.
Fifax
Venture Round in 2020
Fifax Ab is a pioneering fish farming company based in Eckerö, Storby, on the western Åland. It specializes in the cultivation of high-quality rainbow trout using innovative and environmentally friendly methods, primarily through a recirculating aquaculture system (RAS) on dry land. The company aims to produce fresh, domestically sourced trout while minimizing its environmental impact. With a focus on the Finnish and Swedish markets, Fifax Ab is committed to delivering top-tier fish products that meet modern sustainability standards.
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 Oy, established in 2014 and headquartered in Espoo, Finland, operates a unique business model focused on Earth observation using synthetic aperture radar (SAR) satellite technology. The company maintains the world's largest operational constellation of SAR satellites, enabling it to provide near real-time data and imagery regardless of weather conditions or time of day. Iceye's services cater to diverse sectors such as insurance, disaster response, maritime monitoring, and defense, offering critical insights for informed decision-making in areas like natural catastrophe assessment, flood monitoring, and wildfire detection.
UpCloud Ltd is a cloud hosting company that specializes in providing infrastructure-as-a-service to business-critical customers. Founded in 2011 and based in Helsinki, Finland, it operates high-performance cloud servers on enterprise-grade hardware, with data centers located in London, Chicago, Frankfurt, and Helsinki. The company emphasizes extreme redundancy, a 100% service-level agreement, and flexible resources, ensuring high performance across all service levels. UpCloud's competitive pricing positions it as one of the most cost-effective options in Europe. Additionally, it offers software-defined networking services, allowing clients to create and configure flexible private networks for enhanced cloud connectivity. An easy-to-use control panel and mobile apps for iOS and Android enable administrators to monitor server performance conveniently.
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 an innovative solution known as PAKU, which efficiently manages municipal sludge on a local level. Endev's patented technology employs a unique combination of a circulating mass dryer and reactor to convert sludge, a by-product of wastewater, into renewable resources. This process not only facilitates the recovery of energy and nutrients but also helps industries reduce costs associated with the thermal treatment of biomass. Through its advanced technology, Endev aims to address the challenges of sludge management while promoting 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, founded in 1997 and headquartered in Espoo, Finland, specializes in atomic layer deposition (ALD) thin film coating equipment and solutions for various industries and research organizations 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 PICOPLATFORM vacuum cluster tools for both industrial manufacturing and smaller-scale production. Picosun also provides specialized solutions for printed electronics, medical devices, and plasma-enhanced ALD applications. Its tools enable a variety of applications, such as OLED encapsulation, flexible displays, and thin film batteries. With a strong presence in markets including integrated circuits, optics, and medical equipment, Picosun supports its customers through a global network of sales and service locations across multiple countries. The company operates additional facilities in Masala, Finland, and maintains regional offices in the United States and Singapore.
Wirepas Ltd. is a Finnish company established in 2010, specializing in wireless communication solutions for the Internet of Things (IoT). Based in Tampere, Wirepas develops Pino, a unique multi-hop mesh network solution that enables reliable and scalable connectivity for IoT devices. This technology supports the creation of autonomous networks that can expand to millions of devices without the need for traditional infrastructure. Wirepas Pino offers deterministic performance, local radio adaptability, and high reliability, addressing key challenges faced by IoT platforms. The company provides extensive support throughout the design and delivery process, including pre-integrated and tested reference implementations to facilitate IoT connectivity projects across various applications.
Dispelix Oy is a Finnish company specializing in the design and manufacture of optical see-through displays for smart glasses and extended reality (XR) devices. Founded in 2015 and headquartered in Espoo, Finland, Dispelix develops advanced waveguide combiners that create transparent displays, allowing users to experience a seamless blend of virtual and real-world environments. The company's flagship product, DiSPEL, utilizes a lens-like light guide to project high-quality, full-color images into the user's field of view, compatible with various image sources including LCOS, LCD, LED, and laser technologies. With subsidiaries in the United States and China, Dispelix aims to be a key player in the XR industry, partnering with leading companies to innovate and enhance the functionality and design of XR wearables.
Iceye Oy, established in 2014 and headquartered in Espoo, Finland, operates a unique business model focused on Earth observation using synthetic aperture radar (SAR) satellite technology. The company maintains the world's largest operational constellation of SAR satellites, enabling it to provide near real-time data and imagery regardless of weather conditions or time of day. Iceye's services cater to diverse sectors such as insurance, disaster response, maritime monitoring, and defense, offering critical insights for informed decision-making in areas like natural catastrophe assessment, flood monitoring, and wildfire detection.
Kaiku Health
Series A in 2018
Kaiku Health Oy is a digital health company based in Helsinki, Finland, founded in 2012. The company specializes in developing user-centered software solutions that facilitate communication between patients, doctors, and nurses, particularly focusing on cancer care. Kaiku Health's platform enables the monitoring of patient-reported outcomes and utilizes intelligent algorithms for symptom tracking and early intervention, which enhances personalized patient support. It operates in multiple languages, including Swedish, English, German, and Finnish, and serves over 30 clinics and university hospitals across Finland, Sweden, and Switzerland. By streamlining workflows and optimizing care through real-time data capture and analysis, Kaiku Health aims to improve the quality of life for patients. The company, which was previously known as Netmedi Oy, changed its name in 2017 and is now a subsidiary of Elekta AB.
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 is a company based in Espoo, Finland, that specializes in providing an online invoicing platform tailored for micro enterprises and sole traders across Europe. Founded in 2010, Zervant offers a suite of services including the ability to send e-invoices and invoices by post, as well as features for payment reminders, time tracking, and payment scheduling. This comprehensive approach allows small businesses to automate their invoicing processes, enhancing efficiency and streamlining financial management. Zervant operates in several key markets, including 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 is a Finnish company based in Lappeenranta that specializes in the development, manufacturing, and delivery of electric drive trains tailored for heavy mobile work machines, marine vessels, and buses. The company's advanced electric and hybrid drivetrains are designed to operate efficiently in harsh environments, providing solutions that enhance fuel savings while reducing emissions and noise levels. By utilizing state-of-the-art electric components, Visedo enables its clients to minimize their environmental impact and improve productivity across various heavy-duty applications.
Optofidelity
Venture Round in 2016
Optofidelity is a Finnish company known for its innovative contributions to the field of automated testing and quality assurance, primarily for the smart device ecosystem. Founded by visionaries eager to explore multi-disciplinary technology, the firm has established itself as a leader in robot-assisted testing, catering to prominent manufacturers of smartphones, tablets, laptops, automotive infotainment systems, and industrial smart machinery. By developing advanced machine vision systems, Optofidelity enhances the user experience and quality of smart devices, ensuring that consumers enjoy reliable and satisfying interactions. The company's commitment to exceeding industry standards demonstrates its dedication to delivering high-quality testing solutions that ultimately benefit millions of users worldwide.
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, recognized as the market leader in pharmacy automation systems in Finland. The company specializes in developing automated medication dispensing systems tailored for both hospitals and retail pharmacies. By leveraging robotics and advanced software, NewIcon enhances efficiency and safety in medication distribution, allowing healthcare providers to prioritize patient care. With a workforce of approximately 70 employees, NewIcon has successfully delivered pharmacy automation solutions to over 100 pharmacies and hospitals across several countries, including Denmark, Russia, Israel, Iran, and China. The company maintains a commitment to quality, operating under a certified ISO 9001 quality management system, and has achieved a turnover exceeding €7 million.
Mekitec
Venture Round in 2014
Mekitec Oy is a Finnish company that specializes in manufacturing and distributing X-ray food quality control systems for the food industry. Founded in 2005 and based in Oulu, the company provides advanced X-ray devices that capture images of food products to detect foreign objects such as glass, metal, stones, and various quality defects. In addition to its inspection systems, Mekitec offers rejecters and maintenance services before and after installation. The company's technology also includes data analytics tools that provide insights into the food manufacturing process, helping food brands ensure safety and quality while enhancing operational efficiency and supporting sustainable food production. Mekitec serves a global customer base, contributing to improved standards in food safety and quality control.
Visedo
Venture Round in 2013
Visedo Oy is a Finnish company based in Lappeenranta that specializes in the development, manufacturing, and delivery of electric drive trains tailored for heavy mobile work machines, marine vessels, and buses. The company's advanced electric and hybrid drivetrains are designed to operate efficiently in harsh environments, providing solutions that enhance fuel savings while reducing emissions and noise levels. By utilizing state-of-the-art electric components, Visedo enables its clients to minimize their environmental impact and improve productivity across various heavy-duty applications.
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 is a Finnish company focused on the design, development, and marketing of advanced diabetes management products. It has introduced an innovative all-in-one blood glucose meter and a web-based software application that simplify daily diabetes management. These products are developed in collaboration with users and diabetes experts, ensuring they meet the specific needs of individuals requiring regular blood glucose monitoring. Mendor's patented software systems deliver real-time diabetes care data, enhancing the efficiency and effectiveness of treatment for patients and caregivers alike.
Silecs International
Series E in 2011
Silecs International is a developer and manufacturer of electronic and optical materials specifically designed for the microelectronics industry, including applications in semiconductors, image sensors, and displays. Founded in 2000 and headquartered in Mountain View, California, the company provides materials solutions that seamlessly integrate with standard device manufacturing processes. Silecs' products cater to a wide range of applications, such as low-temperature dielectric layers, CMOS sensors, electro-optic devices, and TFT-LCD displays. The company maintains a manufacturing and research facility in Espoo, Finland, and has operational centers across Asia, the United States, and Europe, ensuring local and regional customer support.
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, the company has developed the SmartFocus technology, which utilizes navigated transcranial magnetic stimulation (TMS) with 3D navigation for precise targeting of brain areas. Nexstim's product offerings include the NBT system, designed for treating major depressive disorder and chronic neuropathic pain, and the NBS system, used for pre-surgical mapping of the speech and motor cortices. The NBS systems are primarily sold to universities and teaching hospitals. Nexstim operates in various markets, including Finland, Europe, and North America, with a significant portion of its revenue generated in North America. The company's commitment lies in addressing significant unmet clinical needs and improving the quality of life for patients.
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 is a Finnish company based in Uusikaupunki, specializing in automotive engineering, vehicle manufacturing, and related business services for the automotive industry. Founded in 1968, the company produces a range of vehicles from conventional cars to e-cars and automated people movers, including electric and hybrid vehicles. Valmet Automotive also manufactures convertible roof systems and kinematic systems such as active spoilers and electric loading flaps. The company has additional offices in Finland, Germany, Poland, and Spain. Notable products include the Porsche Cayman sports cars, electric Garia golf cars, and THINK City urban cars.
Conformiq
Venture Round in 2009
Conformiq, Inc. is a technology company specializing in automated functional testing and in-sprint automation software solutions. Founded in 1998 and headquartered in San Jose, California, Conformiq develops a range of products including Conformiq 360, an automated test design solution, Conformiq Creator for enterprise IT and web applications testing, and Conformiq Transformer, which automates the execution of tests. The company employs model-based testing techniques to streamline and enhance testing processes, making it suitable for complex system-level testing environments. Conformiq serves clients across various sectors, including telecommunications and embedded software, with notable customers such as AT&T, Vodafone, T-Mobile, Nokia, and Ericsson. Additionally, Conformiq has established strategic partnerships with firms like brightONE, Fraunhofer, Ideabytes, Sopra Steria, and Tech Mahindra, further enhancing its capabilities in the market. The company also maintains offices in Espoo, Finland; Munich, Germany; Kista, Sweden; and Bengaluru, India.
Silecs International
Venture Round in 2009
Silecs International is a developer and manufacturer of electronic and optical materials specifically designed for the microelectronics industry, including applications in semiconductors, image sensors, and displays. Founded in 2000 and headquartered in Mountain View, California, the company provides materials solutions that seamlessly integrate with standard device manufacturing processes. Silecs' products cater to a wide range of applications, such as low-temperature dielectric layers, CMOS sensors, electro-optic devices, and TFT-LCD displays. The company maintains a manufacturing and research facility in Espoo, Finland, and has operational centers across Asia, the United States, and Europe, ensuring local and regional customer support.
Virtual Air Guitar
Seed Round in 2007
Virtual Air Guitar Company Oy, established in Espoo, Finland in 2006, specializes in developing console games that leverage innovative computer vision technology. Their flagship product, Virtual Air Guitar, allows players to engage in immersive air guitar performances, controlling the music through natural body movements captured by regular cameras. The company's proprietary FreeMotion technology enables real-time background removal and precise skeleton tracking, creating unique gaming experiences that range from full-body action to fingertip control.
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, the company has developed the SmartFocus technology, which utilizes navigated transcranial magnetic stimulation (TMS) with 3D navigation for precise targeting of brain areas. Nexstim's product offerings include the NBT system, designed for treating major depressive disorder and chronic neuropathic pain, and the NBS system, used for pre-surgical mapping of the speech and motor cortices. The NBS systems are primarily sold to universities and teaching hospitals. Nexstim operates in various markets, including Finland, Europe, and North America, with a significant portion of its revenue generated in North America. The company's commitment lies in addressing significant unmet clinical needs and improving the quality of life for patients.
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 Oy, founded in 2004 and headquartered in Jyvaskyla, Finland, operates as an open source software service company specializing in customizable solutions for information management and communication. The company offers a range of services including portal solutions for managing organizational information, content management for sharing and producing content, business process management to enhance and automate key processes, and systems integration. Quosis also provides instant messaging solutions to facilitate information exchange within organizations. By leveraging open standards and a global network of partners, Quosis caters to the specific IT needs of small and medium-sized enterprises as well as public sector organizations, delivering both consultation and software development services tailored to their clients' requirements.
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, manufacturing, and sale of diode laser illumination equipment. Founded in 1996 and based in Tampere, Cavitar's flagship product, CAVILUX, serves as a laser light source and visualization system utilized across various demanding applications, including imaging and materials processing. The company’s advanced laser technology offers superior power, brightness, and efficiency compared to traditional light sources, facilitating high-speed imaging and machine vision in industries such as additive manufacturing, welding, and flow monitoring. Cavitar's solutions enhance the accuracy of critical measurements, improve real-time visual monitoring, and contribute to cost savings in manufacturing by enabling clients to visualize processes under challenging conditions. The company’s focus on fiber coupling technology allows for compact installations in space-restricted industrial environments, further broadening its application potential for research and development as well as industrial monitoring systems.
AegirBio
Seed Round in 2006
AegirBio AB is a Swedish diagnostics company focused on developing innovative home testing solutions for oral health, therapeutic drug monitoring, and infectious diseases. The company has established a platform that enhances lateral flow tests, significantly improving their sensitivity and precision compared to traditional methods. AegirBio's product lineup includes the Veritope technology, which measures intact natalizumab for multiple sclerosis, alongside the MagniaReader, designed for both research and veterinary use. Their advancements enable robust, affordable, and easy-to-use testing instruments applicable across human health, veterinary, food safety, and environmental sectors. By leveraging novel techniques, AegirBio aims to expand the market for lateral flow tests and enhance patient care through more reliable diagnostics.
6sense Innovations
Venture Round in 2006
6sense Innovations is a technology company based in Helsinki, Finland, specializing in computer vision solutions. Founded in 2000, the company develops multivendor video surveillance systems that provide both live and recorded video access tailored to user needs. Its innovative systems utilize IP-based video technology to facilitate adaptable remote monitoring, integrating various existing video systems into a single user interface. This allows businesses across sectors such as security, telecom, parking, manufacturing, real estate, and healthcare to record, analyze, and archive video footage from multiple sources without facing technical limitations.
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 privately held Finnish software services company based in Turku, with an additional office in Helsinki. Founded in 2002, it specializes in designing and developing software solutions aimed at improving information and communication technology processes. The company's offerings include the Neoxen QX Framework, a development platform for creating system software components and distributed applications for Microsoft Windows; Neoxen Modus, a methodology for product development and quality assurance; and Neoxen Qwinux, a set of open-source tools tailored for Windows-Linux professionals. Neoxen also provides a range of professional services, including IT consulting, management training, quality assurance, software engineering, and staffing solutions. As a Microsoft Gold Partner, Neoxen is recognized as a leading expert in cloud technologies such as Windows Azure and Office 365. The company collaborates with various research centers and global technology providers, reinforcing its commitment to delivering comprehensive solutions for businesses, public sector entities, and educational institutions.
TILT Biotherapeutics Ltd is a preclinical stage biotechnology company based in Helsinki, Finland, specializing in the development of genetically modified oncolytic viruses to enhance T-cell therapies for cancer treatment. Established in 2013, the company focuses on utilizing its patented technology to improve tumor-infiltrating lymphocyte (TIL) and chimeric antigen receptor (CAR-T) therapies, as well as checkpoint inhibiting antibody treatments. TILT Biotherapeutics is advancing products such as TILT-123, TILT-234, and TILT-321, which aim to modify the tumor microenvironment and boost immune responses against cancer. The company's innovative approach holds promise for achieving effective results in treating solid tumors, paralleling the successes seen in hematological tumors.