Vendep Capital

Vendep Capital is an early-stage venture capital firm based in Espoo, Finland, established in 2013. The firm specializes in pre-series A investments, focusing primarily on fast-growing software as a service (SaaS) companies and B2B marketplaces in the Nordics and Baltics. With €40 million under management, Vendep Capital has raised funds from various Finnish private and institutional investors, including Tesi and the Finnish Innovation Fund Sitra. The firm's investment strategy typically involves committing between €0.5 million and €2.5 million across 15 to 20 companies, targeting sectors related to technology and telecommunications.

Samuli Aheristo

Investment Analyst

Sami Ahvenniemi

General Partner

Tanja Alanen

CFO

Jupe Arala

General Partner

Artis Bisers

Investment Associate

Timo Felin

Investment Director

Janiina Lammi

Investment Director

Sakari Pihlava

General Partner

31 past transactions

Happeo

Series B in 2022
The all-in-one enterprise social intranet, knowledge base, digital workplace, Internal Communications tool and people directory – all working perfectly with Google Suite. Happeo turns G Suite into a unified hub for teamwork. It facilitates managing remote teams and collaboration for enterprise and fast-growing organizations. In 2019, Gartner named Happeo a Cool Vendor. That same year, The Next Web recognized Happeo as one of Europe's fastest-growing scale-ups. Happeo’s own talent is spread across locations, generations, and time zones, helping Happeo’s continued growth of 280% year on year. To learn more visit https://www.happeo.com.

MyTelescope

Pre Seed Round in 2022
Make better business decisions, faster with AI & Predictive analytics.Let us support you with insights about your company and market. Our AI-based models aggregate and analyze high frequency data, from more sources than any other tool and display it to you in real-time

Videoly

Series A in 2022
Videoly is an automated video discovery and management tool tailored for e-commerce businesses. The platform enables online stores to seamlessly integrate a variety of product videos, such as brand videos, reviews, and unboxings, directly onto their product pages without requiring manual input. By automating the video integration process, Videoly helps enhance the shopping experience, as videos have been shown to improve conversion rates, increase order values, and extend the time customers spend on sites. This solution empowers retailers to provide validated product information through an automated search tool, thereby instilling confidence in consumers when making purchasing decisions.

myPlane

Seed Round in 2022
myPlane operates a digital platform that revolutionizes the charter flight industry by streamlining the inquiry, sale, and management processes for airlines and travel agencies. The platform enables airlines to efficiently offer their excess and idle capacity for sale and rent, while also managing ad-hoc charter operations in a seamless digital environment. At the same time, it provides travel agencies with an easy way to book private charter flights in real-time, allowing them to offer customized air travel solutions to their clients. By linking aircraft supply with market demand, myPlane creates a centralized digital marketplace that enhances operational efficiency and boosts sales for both airlines and travel agencies.

Trustmary

Seed Round in 2021
Producing a video testimonial has never been easier

GBuilder

Venture Round in 2021
GBuilder Ltd. is a Finnish company founded in 2012, specializing in Building Information Modeling (BIM) software tailored for developers and construction professionals. The company's platform streamlines the homebuyer's experience by digitizing the entire customer journey, from initial contact and sales to material selection, home configuration, and after-sales support. GBuilder's software provides tools for project and construction management, including options for change requests, dynamic 3D and virtual reality visualizations, defect management, and documentation. By creating digital twins and fostering a common language among all stakeholders, GBuilder enhances communication and collaboration, ultimately improving efficiency, quality, and sustainability throughout the construction process.

Xolo

Series A in 2021
Xolo is focusing on 40 million professionals globally who have chosen to run their business independently. Its aim is to reduce time spent on business administration to near zero by offering an incredibly simple online platform that merges company formation, banking, accounting, and other services. Xolo is the quickest and easiest way to launch and run a one-person freelancing business in Europe. Its largest markets are Germany, Spain, France, the UK, Ukraine, and Turkey. Xolo's typical customers are software developers, management consultants, designers, or other independent professionals.

AppFollow

Series A in 2020
AppFollow.fi Oy is a Finnish company that specializes in a cloud-based platform for app monitoring, app store optimization, and customer support. Founded in 2014 and headquartered in Helsinki, the platform assists mobile app owners in managing and analyzing critical data related to app performance, including user reviews and search rankings. By offering real-time monitoring of key metrics such as ratings, updates, and keyword performance, AppFollow enhances app conversion rates and user loyalty. The platform supports five major app stores and integrates with over 30 popular services, facilitating seamless communication through tools like email and Slack. With a global client base exceeding 50,000 companies, including notable names like HBO and Airbnb, AppFollow plays a significant role in helping businesses optimize their app presence and improve customer satisfaction.

HappySignals

Series A in 2020
HappySignals Oy, founded in 2014 and based in Helsinki, Finland, specializes in employee experience measurement services tailored for IT service management. The company offers an experience management platform that focuses on enhancing employee happiness and productivity by analyzing relevant data. By shifting the emphasis to employee experience, HappySignals enables organizations to improve their internal services, ensuring a balance between service costs, lost work time, and employee satisfaction. This human-centric approach leverages employee experience data and artificial intelligence, making the analytics and management of employee experiences more straightforward and transparent. Ultimately, HappySignals aims to foster a more engaged and productive workforce, benefiting both employees and organizations.

Happeo

Series A in 2020
The all-in-one enterprise social intranet, knowledge base, digital workplace, Internal Communications tool and people directory – all working perfectly with Google Suite. Happeo turns G Suite into a unified hub for teamwork. It facilitates managing remote teams and collaboration for enterprise and fast-growing organizations. In 2019, Gartner named Happeo a Cool Vendor. That same year, The Next Web recognized Happeo as one of Europe's fastest-growing scale-ups. Happeo’s own talent is spread across locations, generations, and time zones, helping Happeo’s continued growth of 280% year on year. To learn more visit https://www.happeo.com.

Uploadcare

Seed Round in 2019
Uploadcare, Inc. is a cloud-based platform established in 2011 that specializes in file management and content delivery. It provides a comprehensive suite of services for uploading, editing, and posting images and videos across various digital platforms, including websites and mobile applications. The company's offerings include cloud storage, image and video processing, and secure file handling, designed to streamline content workflows for industries such as e-commerce, education, software as a service, and healthcare. Uploadcare's technology leverages Adaptive Delivery to enhance performance and optimize user experiences. With a growing client base that includes notable organizations like L’Oreal and the Sundance Institute, Uploadcare has positioned itself as a key player in the content delivery market.

AppFollow

Seed Round in 2019
AppFollow.fi Oy is a Finnish company that specializes in a cloud-based platform for app monitoring, app store optimization, and customer support. Founded in 2014 and headquartered in Helsinki, the platform assists mobile app owners in managing and analyzing critical data related to app performance, including user reviews and search rankings. By offering real-time monitoring of key metrics such as ratings, updates, and keyword performance, AppFollow enhances app conversion rates and user loyalty. The platform supports five major app stores and integrates with over 30 popular services, facilitating seamless communication through tools like email and Slack. With a global client base exceeding 50,000 companies, including notable names like HBO and Airbnb, AppFollow plays a significant role in helping businesses optimize their app presence and improve customer satisfaction.

AlphaSense

Series B in 2019
AlphaSense, Inc. is a New York-based company that specializes in developing an AI-powered search engine for market intelligence. Founded in 2007, AlphaSense provides a platform that enables research professionals to efficiently search, navigate, and analyze various data sources, including filings, research, news, and other disclosures. This technology utilizes artificial intelligence and natural language processing to identify relevant insights from diverse and fragmented data sets, helping users gain critical business insights quickly. The company serves over 1,000 enterprise clients across multiple industries and geographies. With a workforce exceeding 240 employees, a significant portion of whom are dedicated to product development, AlphaSense also has offices in London, Helsinki, Pune, and other locations in the United States.

Xolo

Series A in 2019
Xolo is focusing on 40 million professionals globally who have chosen to run their business independently. Its aim is to reduce time spent on business administration to near zero by offering an incredibly simple online platform that merges company formation, banking, accounting, and other services. Xolo is the quickest and easiest way to launch and run a one-person freelancing business in Europe. Its largest markets are Germany, Spain, France, the UK, Ukraine, and Turkey. Xolo's typical customers are software developers, management consultants, designers, or other independent professionals.

Leadfeeder

Series A in 2019
Leadfeeder Inc. is a web analytics company based in Helsinki, Finland, founded in 2012. It specializes in providing a tool designed for B2B companies that identifies website visitors and converts them into sales leads. The Leadfeeder tool integrates with Google Analytics via an API, allowing users to access detailed information about their website traffic, including which companies visited their site and the specific pages they viewed. This functionality enables businesses to identify promising leads and facilitate communication with their sales teams or directly integrate leads into their customer relationship management systems.

HappySignals

Seed Round in 2019
HappySignals Oy, founded in 2014 and based in Helsinki, Finland, specializes in employee experience measurement services tailored for IT service management. The company offers an experience management platform that focuses on enhancing employee happiness and productivity by analyzing relevant data. By shifting the emphasis to employee experience, HappySignals enables organizations to improve their internal services, ensuring a balance between service costs, lost work time, and employee satisfaction. This human-centric approach leverages employee experience data and artificial intelligence, making the analytics and management of employee experiences more straightforward and transparent. Ultimately, HappySignals aims to foster a more engaged and productive workforce, benefiting both employees and organizations.

Hostaway

Seed Round in 2018
Hostaway Oy is a company that operates an online platform designed for vacation rental managers to optimize their property management and increase their bookings. Founded in 2015 and headquartered in Helsinki, Finland, the platform enables users to manage existing listings and create new ones across multiple sales channels, enhancing their visibility and revenue potential. It provides tools for effective communication with guests, synchronization of calendars, dynamic pricing adjustments, and streamlined booking approvals. By offering these functionalities, Hostaway aims to simplify the rental process for property managers while helping them maximize their occupancy rates and income.

Happeo

Seed Round in 2018
The all-in-one enterprise social intranet, knowledge base, digital workplace, Internal Communications tool and people directory – all working perfectly with Google Suite. Happeo turns G Suite into a unified hub for teamwork. It facilitates managing remote teams and collaboration for enterprise and fast-growing organizations. In 2019, Gartner named Happeo a Cool Vendor. That same year, The Next Web recognized Happeo as one of Europe's fastest-growing scale-ups. Happeo’s own talent is spread across locations, generations, and time zones, helping Happeo’s continued growth of 280% year on year. To learn more visit https://www.happeo.com.

AppFollow

Seed Round in 2018
AppFollow.fi Oy is a Finnish company that specializes in a cloud-based platform for app monitoring, app store optimization, and customer support. Founded in 2014 and headquartered in Helsinki, the platform assists mobile app owners in managing and analyzing critical data related to app performance, including user reviews and search rankings. By offering real-time monitoring of key metrics such as ratings, updates, and keyword performance, AppFollow enhances app conversion rates and user loyalty. The platform supports five major app stores and integrates with over 30 popular services, facilitating seamless communication through tools like email and Slack. With a global client base exceeding 50,000 companies, including notable names like HBO and Airbnb, AppFollow plays a significant role in helping businesses optimize their app presence and improve customer satisfaction.

Utopia AI

Venture Round in 2017
Utopia Analytics Oy, founded in 2014 and based in Helsinki, Finland, specializes in text analytics software that offers automated real-time moderation of user-generated content. Utilizing a scalable SaaS platform grounded in artificial intelligence and machine learning, the company processes, analyzes, and visualizes extensive unstructured text data in any language. Its AI Moderator technology effectively identifies, flags, and removes undesirable content from online discussions, social media postings, and peer-to-peer commerce sites. The team comprises experts in text analytics, artificial intelligence, and software development, many of whom have advanced academic qualifications. Utopia Analytics aims to enhance the management and utilization of online content, ensuring safer and more suitable online communities.

Brella

Seed Round in 2017
Brella Ltd. is a company that specializes in developing a networking mobile and web application designed to facilitate connections among attendees at events, conferences, and live streams. Founded in 2016 and based in Jyvaskyla, Finland, the application employs a matchmaking algorithm to help users expand their business network by identifying relevant contacts, including potential collaborators, colleagues, and investors. Brella aims to simplify the networking process, making it more efficient and effective for professionals seeking to form new high-value connections. The platform focuses on providing valuable experiences that enable users to connect with the right people at the right time and place.

Leadfeeder

Seed Round in 2017
Leadfeeder Inc. is a web analytics company based in Helsinki, Finland, founded in 2012. It specializes in providing a tool designed for B2B companies that identifies website visitors and converts them into sales leads. The Leadfeeder tool integrates with Google Analytics via an API, allowing users to access detailed information about their website traffic, including which companies visited their site and the specific pages they viewed. This functionality enables businesses to identify promising leads and facilitate communication with their sales teams or directly integrate leads into their customer relationship management systems.

PromoRepublic

Seed Round in 2016
PromoRepublic is a SaaS company based in Kyiv, Ukraine, that specializes in social media content automation for small and medium-sized businesses. Founded in 2014, the platform enhances the quality of social media posts on networks such as Facebook and Instagram by providing automation tools and customizable templates. PromoRepublic enables users to create and manage engaging marketing campaigns, including contests and sweepstakes, to attract and retain customers. The company serves a diverse clientele, including digital agencies and large corporations, and has achieved consistent growth, with over 50,000 registered users and 2.5 million social media posts published through its platform. Its technology aims to improve online visibility and maintain brand integrity for businesses with multiple locations.

AlphaSense

Series A in 2016
AlphaSense, Inc. is a New York-based company that specializes in developing an AI-powered search engine for market intelligence. Founded in 2007, AlphaSense provides a platform that enables research professionals to efficiently search, navigate, and analyze various data sources, including filings, research, news, and other disclosures. This technology utilizes artificial intelligence and natural language processing to identify relevant insights from diverse and fragmented data sets, helping users gain critical business insights quickly. The company serves over 1,000 enterprise clients across multiple industries and geographies. With a workforce exceeding 240 employees, a significant portion of whom are dedicated to product development, AlphaSense also has offices in London, Helsinki, Pune, and other locations in the United States.

EzyInsights

Venture Round in 2016
EzyInsights is an online platform designed for viral content discovery, catering to publishers and content providers. Launched in February 2012 and based in Helsinki, Southern Finland, the platform functions as a social media analytics tool accessible directly through users’ web browsers. EzyInsights enables users to search for engaging content, track its performance in real time, detect plagiarism, and benchmark against competitors. By providing these capabilities, the platform assists publishing businesses in saving time, increasing traffic, and enhancing audience engagement.

Leadfeeder

Seed Round in 2016
Leadfeeder Inc. is a web analytics company based in Helsinki, Finland, founded in 2012. It specializes in providing a tool designed for B2B companies that identifies website visitors and converts them into sales leads. The Leadfeeder tool integrates with Google Analytics via an API, allowing users to access detailed information about their website traffic, including which companies visited their site and the specific pages they viewed. This functionality enables businesses to identify promising leads and facilitate communication with their sales teams or directly integrate leads into their customer relationship management systems.

Sumoware

Venture Round in 2015
Sumoware Ltd. is a Helsinki-based company that specializes in cloud-based creative applications and games, founded in 2014. Its flagship product, Sumo Paint, is an online drawing tool that has attracted over 30 million unique users globally. The company also offers Sumo.fm, a community platform for sharing and discovering artwork, and Sumo Shot, a photo editing tool. Additionally, Sumoware has developed a scripting language called Sumo Script, which enables users to create or remix applications. Their technology can be adapted for various mobile platforms, including iOS, Android, and Windows. Sumoware serves a diverse customer base both in Finland and internationally, and is in the process of launching additional applications under the new SumoSchool platform.

Surveypal

Seed Round in 2015
Surveypal, Inc. is a company that specializes in providing an online customer survey platform aimed at enhancing feedback management for businesses. Established in 2011 and headquartered in San Francisco, California, Surveypal offers a range of features, including feedback automation, a style editor, office compatibility, and CRM integration. The platform enables users to create visually appealing surveys that are compatible across devices, thereby improving response rates. Additionally, it provides tools for sending, receiving, and tracking surveys, allowing organizations to gather insights that can be used to enhance customer, employee, and brand experiences. By leveraging technology and feedback management techniques, Surveypal assists businesses in engaging with customers effectively throughout their journey and translating real-time feedback into actionable business strategies.

PromoRepublic

Angel Round in 2015
PromoRepublic is a SaaS company based in Kyiv, Ukraine, that specializes in social media content automation for small and medium-sized businesses. Founded in 2014, the platform enhances the quality of social media posts on networks such as Facebook and Instagram by providing automation tools and customizable templates. PromoRepublic enables users to create and manage engaging marketing campaigns, including contests and sweepstakes, to attract and retain customers. The company serves a diverse clientele, including digital agencies and large corporations, and has achieved consistent growth, with over 50,000 registered users and 2.5 million social media posts published through its platform. Its technology aims to improve online visibility and maintain brand integrity for businesses with multiple locations.

VividWorks

Venture Round in 2014
VividWorks Ltd. is a provider of online 3D design-to-purchase SaaS platform solutions, specializing in visual customization for furniture manufacturers and retail chains across Europe and beyond, including countries such as Finland, Sweden, and Italy. The company's primary offering, VividPlatform, is a web-based tool that facilitates 3D visualization and sales management, allowing both sales personnel and end customers to design products and interiors intuitively. Key components of VividPlatform include ProductComposer for product configuration, InteriorPlanner for interactive design, VividAR for integrating virtual objects into real-life images, and SalesConnection for seamless integration with sales systems. Founded in 2006 and headquartered in Oulu, Finland, VividWorks also maintains offices in Helsinki, Palo Alto, Tokyo, and Copenhagen, aimed at enhancing the purchasing experience and improving sales conversion rates for its clients.

Inside Secure

Seed Round in 2014
Inside Secure, through its subsidiary Meontrust Inc., offers security solutions tailored for banks, financial services, telecom operators, and various online platforms. The company's flagship product, MePIN, is a versatile Security as a Service solution that facilitates two-factor authentication, transaction authorization, and secure messaging, among other applications. MePIN is designed to enhance online security by allowing users to choose their preferred authentication methods, making it suitable for a wide range of industries, including banking, cryptocurrency, content services, and online gaming. Established in 2010 and headquartered in Helsinki, Finland, Meontrust has expanded its reach globally, serving clients and partners across different sectors. The company is supported by investors from the United States, Hong Kong, and Finland, and actively participates in industry alliances such as MasterCard Start Path and FIDO Alliance.
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