Vendep Capital

Vendep Capital is a Finland-based early-stage venture capital firm that concentrates on pre-series A technology companies across Europe. It specializes in B2B software-as-a-service and B2B marketplaces, with a regional focus on the Nordics and Baltics. The firm supports founders with its SaaS expertise and global networks to accelerate growth, and its initial investments typically range from 0.1 to 3 million euros depending on the company’s stage.

Samuli Aheristo

Investment Analyst

Sami Ahvenniemi

General Partner

Artis Bisers

Investment Associate

Janiina Lammi

Investment Director

Sakari Pihlava

General Partner

45 past transactions

Bookboost

Venture Round in 2025
Bookboost provides a guest communication and direct-booking platform for hotels. The platform helps properties run bookings on their own websites, reducing dependence on external booking sites. It offers tools for messaging and guest engagement across channels, automating routine conversations and assisting staff with guest interactions. The solution supports a contactless guest journey from reservation to check-out and enables guests to access services from their phones. In addition to completing bookings, it helps guests discover and compare travel options such as hotels, flights, transportation costs, and local events, while enabling hoteliers to build personalized relationships. The system functions as a modern multi-channel customer relationship management tool that streamlines operations, improves marketing effectiveness, and enhances guest satisfaction across domestic and international stays.

Behavix

Seed Round in 2025
Behavix Inc., established in 2023, specializes in transforming the collection, processing, and application of behavioral data. Led by founders Hannu Verkasalo and Surath Chatterji, the company offers AI-driven solutions that empower businesses with real-time, high-quality insights. Behavix's unique Behavioral Data as a Service model aims to disrupt the market research industry by providing comprehensive consumer behavioral data across various devices and platforms, enabling clients to enhance consumer engagement analysis, brand tracking, ad measurement, trading decisions, and market analysis.

Eyeball

Seed Round in 2024
Eyeball operates a digital platform dedicated to youth football. It offers an online scouting tool for professional and youth clubs, featuring a database of player profiles, games, and clubs. The platform facilitates talent identification by enabling analysis of game footage and search/filter functionality.

Mazepay

Venture Round in 2024
Mazepay is a financial software company that specializes in payment and process integration solutions. It aims to assist procurement and finance professionals in streamlining long-tail procurement, thereby enhancing overall business efficiency. By focusing on strategic partnerships with major commercial banks and Mastercard, Mazepay seeks to facilitate growth and ensure financial stability for large enterprises. The company's software is designed to transform procurement into a valuable business function, enabling organizations to manage spending more effectively and sustainably.

Claimlane

Seed Round in 2024
Claimlane is a Danish startup founded by a team comprising a fashion wholesaler, IT specialists, and a surfer. Based in Copenhagen, the company aims to streamline the handling of product complaints within the fashion industry. Their platform enables retailers and brands to swiftly resolve claims related to faulty goods, repairs, warranties, and returns, thereby enhancing customer satisfaction.

HappySignals

Venture Round in 2024
HappySignals provides an experience management platform that helps organizations measure and improve employee experience and productivity by tracking real-time end-user experiences and employee happiness. The platform translates these experiences into actionable insights, enabling IT and internal service teams to demonstrate value, prioritize resources where they matter most, and link service performance to business impact. By balancing service costs, lost work time, and user satisfaction, HappySignals supports higher productivity and a stronger bottom line.

Logical Clocks AB

Series B in 2023
Founded in 2016, Logical Clocks AB develops and provides a data platform. It offers Hops Enterprise Services, utilizing deep learning, stream processing, and SQL on hops, along with Hopsworks Enterprise, an on-premise data management and data science platform.

Agileday

Funding Round in 2023
Agileday develops a SaaS-based operating platform that offers a comprehensive view of professional services operations. Its platform enables skills management, competence development, advanced staffing, intelligent forecasting, organizational pulse tracking, and insight gathering, allowing clients to operate adaptively and at scale.

PatentRenewal.com

Seed Round in 2023
PatentRenewal.com is a digital platform facilitating international intellectual property renewals. It automates patent annuity payments across over 230 jurisdictions worldwide, offering a hassle-free and cost-effective solution for IP law firms and their clients. The platform simplifies portfolio management by handling renewal payments based on user instructions, generating invoices, and reducing administrative burden through direct communication with clients, thereby minimizing risk and uncertainty.

Happeo

Series B in 2022
Happeo is a next-generation intranet platform that unifies internal communications and knowledge management. It offers a user-friendly template-based page builder and integrations with various company tools, enabling universal search across all platforms. This streamlined approach has led to adoption rates three times the industry average, making it a preferred choice for market leaders like Doctolib, GANT, and Marqeta.

My Telescope

Pre Seed Round in 2022
My Telescope is a developer of an automated market research assistant platform that leverages AI and predictive analytics to provide businesses with actionable insights. The platform aggregates and analyzes high-frequency data from diverse sources, enabling investment analysts, business strategists, and market researchers to understand market demand, interest, and potential sales. By converting search, media, and social listening data into valuable information, My Telescope facilitates campaign planning, brand and market assessment, and evaluation of campaign effectiveness. This comprehensive approach helps companies identify market opportunities, assess brand performance, and mitigate potential risks, empowering them to make informed business decisions based on real-time insights.

Videoly

Series A in 2022
Videoly automates video discovery and management for e-commerce platforms. It curates brand videos, reviews, and unboxings, automatically adding them to product pages. This has been proven to increase conversions, order value, and time spent on site.

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.

Woomio

Series A in 2022
Woomio specializes in optimizing influencer marketing campaigns for businesses. Its platform streamlines workflow by discovering suitable influencers, tracking performance automatically, and organizing content. Woomio aims to enhance ROI and transparency in influencer collaborations.

Trustmary

Seed Round in 2021
Trustmary is a digital marketing service provider focused on helping businesses enhance their conversion rates through feedback and testimonials. The company specializes in gathering customer insights and transforming them into both video and written testimonials. Additionally, Trustmary offers tools to measure customer satisfaction, including Net Promoter Score (NPS), enabling businesses to understand their performance better. By leveraging social proof and customer feedback, Trustmary assists companies in generating more leads and ultimately driving sales growth.

GBuilder

Venture Round in 2021
Founded in 2012, GBuilder specializes in developing Building Information Modeling (BIM) based software for construction professionals. Its platform digitizes the homebuyer's journey from initial contact to sales, material selection, home configuration, building process, and after-sales service. Headquartered in Oulu, Finland.

Xolo

Series A in 2021
Xolo OU, founded in 2015 and based in Tallinn, Estonia, offers an online platform designed to assist freelancers, contractors, and digital nomads in managing their microbusinesses. The company provides two primary services: Xolo Go, which facilitates the creation of a virtual company, and Xolo Leap, an EU-based company option. Targeting approximately 40 million independent professionals globally, Xolo aims to minimize business administration tasks by integrating company formation, banking, accounting, and related services into a single, user-friendly platform. This approach allows individuals, particularly in markets such as Germany, Spain, France, the UK, Ukraine, and Turkey, to quickly and easily launch and operate one-person businesses. Xolo's typical clientele includes software developers, management consultants, designers, and other independent professionals seeking a streamlined solution for enterprise management.

AppFollow

Series A in 2020
AppFollow is a business-to-business software-as-a-service platform that provides a comprehensive solution for managing mobile applications across various app stores. It specializes in delivering analytics related to app reviews and search result positions, facilitating integrations with popular services such as Slack, Zendesk, Salesforce, and Intercom. The platform enables mobile app owners to monitor keyword performance and enhance organic installs through App Store Optimization tools, while also allowing them to track competitors and industry leaders. AppFollow supports multiple app stores, including the App Store, Google Play, Microsoft Store, Mac App Store, and Amazon, and offers translation services in 31 languages, serving a global client base. Over 50,000 companies, including notable brands like HBO, Airbnb, and Uber, utilize AppFollow to drive app growth and improve customer satisfaction.

HappySignals

Series A in 2020
HappySignals provides an experience management platform that helps organizations measure and improve employee experience and productivity by tracking real-time end-user experiences and employee happiness. The platform translates these experiences into actionable insights, enabling IT and internal service teams to demonstrate value, prioritize resources where they matter most, and link service performance to business impact. By balancing service costs, lost work time, and user satisfaction, HappySignals supports higher productivity and a stronger bottom line.

Happeo

Series A in 2020
Happeo is a next-generation intranet platform that unifies internal communications and knowledge management. It offers a user-friendly template-based page builder and integrations with various company tools, enabling universal search across all platforms. This streamlined approach has led to adoption rates three times the industry average, making it a preferred choice for market leaders like Doctolib, GANT, and Marqeta.

Uploadcare

Seed Round in 2019
Uploadcare, Inc. is a file management platform and content delivery network (CDN) that specializes in user-generated content. Founded in 2011 and based in Wilmington, Delaware, the company provides a robust application programming interface (API) that allows clients to upload, manage, process, render, optimize, and deliver content efficiently. Its offerings include a variety of tools for file handling, such as uploading, editing, and posting images from various sources like computers, mobile devices, and social media accounts. Uploadcare serves diverse industries including e-commerce, software as a service (SaaS), marketplaces, e-learning, and healthcare, positioning itself as a technological partner that helps automate file-handling workflows and reduce infrastructure costs.

AppFollow

Seed Round in 2019
AppFollow is a business-to-business software-as-a-service platform that provides a comprehensive solution for managing mobile applications across various app stores. It specializes in delivering analytics related to app reviews and search result positions, facilitating integrations with popular services such as Slack, Zendesk, Salesforce, and Intercom. The platform enables mobile app owners to monitor keyword performance and enhance organic installs through App Store Optimization tools, while also allowing them to track competitors and industry leaders. AppFollow supports multiple app stores, including the App Store, Google Play, Microsoft Store, Mac App Store, and Amazon, and offers translation services in 31 languages, serving a global client base. Over 50,000 companies, including notable brands like HBO, Airbnb, and Uber, utilize AppFollow to drive app growth and improve customer satisfaction.

AlphaSense

Series B in 2019
AlphaSense is a market intelligence platform that helps research and business professionals discover, navigate, and monitor financial data and disclosures. The web-based platform collects data from filings, research, news, and other sources and makes it searchable through artificial intelligence and natural language processing, enabling users to search, set alerts, and analyze data points with accuracy. It serves a large enterprise base, including financial institutions and a majority of S&P 500 clients. Headquartered in New York, the company also operates offices in London, Helsinki, and Pune.

Xolo

Series A in 2019
Xolo OU, founded in 2015 and based in Tallinn, Estonia, offers an online platform designed to assist freelancers, contractors, and digital nomads in managing their microbusinesses. The company provides two primary services: Xolo Go, which facilitates the creation of a virtual company, and Xolo Leap, an EU-based company option. Targeting approximately 40 million independent professionals globally, Xolo aims to minimize business administration tasks by integrating company formation, banking, accounting, and related services into a single, user-friendly platform. This approach allows individuals, particularly in markets such as Germany, Spain, France, the UK, Ukraine, and Turkey, to quickly and easily launch and operate one-person businesses. Xolo's typical clientele includes software developers, management consultants, designers, and other independent professionals seeking a streamlined solution for enterprise management.

Leadfeeder

Series A in 2019
Leadfeeder Inc. is a company based in Helsinki, Finland, that specializes in web analytics technology, particularly for B2B businesses. Founded in 2012, Leadfeeder offers a tool designed to help organizations identify their website visitors and convert them into potential sales leads. By integrating with Google Analytics through an API, Leadfeeder provides insights into the companies that visit a website, including the specific pages they viewed and how they were referred. This data allows businesses to identify promising leads, which can then be forwarded to sales teams or integrated directly into customer relationship management (CRM) systems.

HappySignals

Seed Round in 2019
HappySignals provides an experience management platform that helps organizations measure and improve employee experience and productivity by tracking real-time end-user experiences and employee happiness. The platform translates these experiences into actionable insights, enabling IT and internal service teams to demonstrate value, prioritize resources where they matter most, and link service performance to business impact. By balancing service costs, lost work time, and user satisfaction, HappySignals supports higher productivity and a stronger bottom line.

Hostaway

Seed Round in 2018
Hostaway is a technology company that provides a cloud-based platform for property management, focusing on vacation rentals and hospitality. Its software helps managers oversee bookings, communicate with guests, and generate financial reporting, while integrating with multiple listing sites to synchronize calendars and price points across sales channels. The platform creates and manages listings across channels, enables booking approvals, and supports channel-specific pricing to optimize occupancy and revenue. Customers can use the platform to increase bookings, streamline operations, and expand their client base by reaching additional distribution channels. Founded in 2015 and headquartered in Helsinki, the company serves vacation rental operators and hospitality businesses seeking an integrated solution to manage properties, listings, and guest interactions through a centralized system.

Happeo

Seed Round in 2018
Happeo is a next-generation intranet platform that unifies internal communications and knowledge management. It offers a user-friendly template-based page builder and integrations with various company tools, enabling universal search across all platforms. This streamlined approach has led to adoption rates three times the industry average, making it a preferred choice for market leaders like Doctolib, GANT, and Marqeta.

AppFollow

Seed Round in 2018
AppFollow is a business-to-business software-as-a-service platform that provides a comprehensive solution for managing mobile applications across various app stores. It specializes in delivering analytics related to app reviews and search result positions, facilitating integrations with popular services such as Slack, Zendesk, Salesforce, and Intercom. The platform enables mobile app owners to monitor keyword performance and enhance organic installs through App Store Optimization tools, while also allowing them to track competitors and industry leaders. AppFollow supports multiple app stores, including the App Store, Google Play, Microsoft Store, Mac App Store, and Amazon, and offers translation services in 31 languages, serving a global client base. Over 50,000 companies, including notable brands like HBO, Airbnb, and Uber, utilize AppFollow to drive app growth and improve customer satisfaction.

Aves Netsec

Seed Round in 2018
Founded in 2014 by Simo Kohonen, Aves Netsec is a cybersecurity company headquartered in London. It specializes in protecting corporate information assets through its innovative cyber deception platform, which helps enterprises understand attacker motives, build risk profiles, quantify attack impacts, and improve overall security posture.

Giosg.com

Venture Round in 2018
Giosg.com Ltd is a company that specializes in providing online tools for real-time customer analysis and communication. Founded in 2011 and headquartered in Helsinki, Finland, Giosg.com offers a suite of services that includes designer tools, CSS editors, and custom JavaScript for website customization. The company's solutions enable businesses to analyze website visitors' behavior in real-time and assess the potential value of each visitor. By allowing users to set up rules and build workflows, Giosg.com helps businesses effectively target the right visitors at the right moment. The company serves a diverse range of industries, including banking and insurance, automotive, real estate, e-commerce, telecommunications, retail, and travel. In addition to its headquarters, Giosg.com has offices in London, Stockholm, Oslo, and Tampere.

Utopia Analytics

Venture Round in 2017
Utopia Analytics Oy, founded in 2014 and based in Helsinki, Finland, specializes in developing text analytics software that offers fully automated, real-time moderation. The company utilizes a scalable SaaS language service powered by artificial intelligence and machine learning to process, analyze, and visualize large volumes of unstructured text in any language. Its AI Moderator technology facilitates the real-time moderation of user-generated content, automatically identifying, flagging, and removing unwanted or dubious material from online discussions, social media posts, and peer-to-peer commerce platforms. With a team composed of experts in text analytics, artificial intelligence, and software development, Utopia Analytics aims to transform the management and utilization of user-generated content.

Brella

Seed Round in 2017
Brella is a networking platform for events, conferences and livestreams that helps professionals discover and connect with high-value contacts. The platform relies on a matchmaking algorithm, often AI-powered, to guide attendees to relevant people, opportunities, and conversations at the right time and place. Based in Jyväskylä, Finland, Brella aims to simplify networking and enable attendees to build meaningful business relationships during live events, conferences, and streams, facilitating face-to-face interactions and timely connections.

Leadfeeder

Seed Round in 2017
Leadfeeder Inc. is a company based in Helsinki, Finland, that specializes in web analytics technology, particularly for B2B businesses. Founded in 2012, Leadfeeder offers a tool designed to help organizations identify their website visitors and convert them into potential sales leads. By integrating with Google Analytics through an API, Leadfeeder provides insights into the companies that visit a website, including the specific pages they viewed and how they were referred. This data allows businesses to identify promising leads, which can then be forwarded to sales teams or integrated directly into customer relationship management (CRM) systems.

PromoRepublic

Seed Round in 2016
Founded in 2014, PromoRepublic develops a SaaS platform for digital promotion and social marketing. Its platform enables users to acquire and engage customers through contests, lotteries, sweepstakes, and publishing campaigns on various social media websites and mobile applications.

AlphaSense

Series A in 2016
AlphaSense is a market intelligence platform that helps research and business professionals discover, navigate, and monitor financial data and disclosures. The web-based platform collects data from filings, research, news, and other sources and makes it searchable through artificial intelligence and natural language processing, enabling users to search, set alerts, and analyze data points with accuracy. It serves a large enterprise base, including financial institutions and a majority of S&P 500 clients. Headquartered in New York, the company also operates offices in London, Helsinki, and Pune.

EzyInsights

Venture Round in 2016
EzyInsights is a content discovery platform for publishers and content providers that enables real-time identification and tracking of engaging content. The platform functions as a social media analytics tool that operates from users' web browsers, helping publishing businesses search content, drive traffic, detect plagiarism, and benchmark performance against competitors. By providing analytics and insights, EzyInsights aims to save time, grow audience reach, and increase engagement. The company was launched in 2012 and is based in Helsinki, Finland.

Leadfeeder

Seed Round in 2016
Leadfeeder Inc. is a company based in Helsinki, Finland, that specializes in web analytics technology, particularly for B2B businesses. Founded in 2012, Leadfeeder offers a tool designed to help organizations identify their website visitors and convert them into potential sales leads. By integrating with Google Analytics through an API, Leadfeeder provides insights into the companies that visit a website, including the specific pages they viewed and how they were referred. This data allows businesses to identify promising leads, which can then be forwarded to sales teams or integrated directly into customer relationship management (CRM) 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, it offers a range of products designed to enhance artistic expression and creativity. Notable offerings include Sumo Paint, an online drawing tool with over 30 million unique users, and Sumo.fm, a community platform for sharing artwork and connecting with other art enthusiasts. The company also provides Sumo Shot, a photo editing tool, and Sumo Script, a scripting language that empowers users to develop or remix applications. Additionally, Sumoware's technology can be adapted for iOS, Android, and Windows mobile platforms, and it licenses its innovations to other businesses. With a focus on serving both local and international customers, Sumoware continues to expand its portfolio, including the upcoming SumoSchool platform.

Surveypal

Seed Round in 2015
Founded in 2011, Surveypal operates an online platform for businesses to automate customer surveys. It offers features such as style editor, office compatibility, CRM integration, and support services, enabling users to send, receive, track surveys, and gain real-time insights into customer feedback.

Zoined

Pre Seed Round in 2015
Zoined is a Finnish company established in 2011 that specializes in providing reporting and analytics solutions for merchants across various sectors, including fashion, specialty retail, food retail, coffee shops, and restaurants. The platform allows users at different organizational levels, from management to store managers, to access performance insights without the need for extensive IT projects. Zoined's cloud-based service automatically extracts data from merchants' point of sale and other systems, identifying trends and generating updates on key metrics such as sales, inventory, and staff performance. Users can receive daily, weekly, and monthly reports via email or through a browser-based interface compatible with both desktop and mobile devices. The platform also offers customizable features, enabling users to filter and group data, create unique views, and visualize information through charts and graphs. This comprehensive analytics tool aids businesses in understanding customer behavior, identifying target markets, forecasting demand, and optimizing product assortment for cross-selling and up-selling opportunities.

PromoRepublic

Angel Round in 2015
Founded in 2014, PromoRepublic develops a SaaS platform for digital promotion and social marketing. Its platform enables users to acquire and engage customers through contests, lotteries, sweepstakes, and publishing campaigns on various social media websites and mobile applications.

VividWorks

Venture Round in 2014
VividWorks Ltd. is a provider of online 3D design-to-purchase SaaS platform solutions, focusing on visual customization for furniture manufacturers and retail chains primarily across Finland, Sweden, Norway, Denmark, Estonia, Poland, and Italy. Established in 2006 and headquartered in Oulu, Finland, with additional offices in Helsinki, Palo Alto, Tokyo, and Copenhagen, VividWorks specializes in 3D visualization technology that enhances product visibility and streamlines the sales process. Its flagship offering, VividPlatform, is a web-based tool that allows sales personnel and customers to intuitively design products and interiors. Key features of the platform include ProductComposer for product configuration, InteriorPlanner for interactive design, VividAR for incorporating virtual objects into real-life photos, and SalesConnection for seamless integration with existing sales systems. By providing these tools, VividWorks aims to reduce errors and improve sales conversion rates for its clients.

Inside Secure

Seed Round in 2014
Inside Secure, established in 1995 and headquartered in Aix en Provence, France, is a fabless semiconductor company specializing in open-standard contactless payment and near field communication (NFC) solutions. It offers a range of products, including contactless reader interface chips, NFC interface circuits, payment platforms, and memory chips, catering to smart cards, mobile phones, and POS devices. The company also provides professional services such as application development and system integration. Its clients include payment card manufacturers, mobile phone producers, systems integrators, and financial institutions. Additionally, Inside Secure acquired MePIN, a white-label strong authentication platform, expanding its offerings to include secure online identity and payment services.

Inven

Inven is an AI company that develops B2B SaaS solutions for M&A, private equity, and management consulting professionals. Its platform uses advanced artificial intelligence and machine learning to analyze vast amounts of unstructured data at scale, enabling market intelligence and the discovery of high-potential private companies. By aggregating data from millions of sources, the platform surfaces relevant investment and acquisition targets through tools such as natural language search, data enrichment, and predictive signals.
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