Vendep Capital

Vendep Capital Oy is an early-stage venture capital firm based in Espoo, Finland, established in 2016. The firm specializes in investing in fast-growing software-as-a-service (SaaS) companies, primarily focusing on pre-series A investments within the technology sector across the Nordics and Baltics. With 40 million euros under management, Vendep Capital has attracted funding from Finnish private and institutional investors, including Tesi and The Finnish Innovation Fund Sitra. The firm aims to support 15 to 20 companies by making investments ranging from 0.5 million to 2.5 million euros.

Sami Ahvenniemi

General Partner

Tanja Alanen

CFO

Jupe Arala

General Partner

Timo Felin

Investment Director

Hannu Kytölä

General Partner and Chairman

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.

My Telescope

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 for e-commerce. With Videoly online stores can get product videos (brand videos, reviews, unboxings, etc.) flowing automatically to their product pages without any manual work. Having videos on product pages have been A/B test proven to increase conversions, order value and time spent on site.

myPlane

Seed Round in 2022
Making the future of air travel by digitalising airline charter flight sales, distribution and management processes globally. myPlane's platform is the easiest way for airlines to offer their excess and idle capacity for sale and rent, and to manage their ad-hoc charter operations in a streamlined digital way to increase their efficiency, sales and bottom line. Simultaneously, myPlane's platform is the easiest way for Travel Agencies to book private charter flights, in real-time, to serve their customers and groups with totally customised air travel and the best deals available. Our centralised digital marketplace is linking the aircraft supply and overcapacity with market demand, in real-time.

Trustmary

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

GBuilder

Venture Round in 2021
GBuilder Ltd. develops Building information modeling (BIM) based software for developers and construction workers. The company’s software digitalizes the homebuyer’s customer journey from the first contact to sales, material optionality, home configuration the building process, and after-sales period. The company was founded in 2012 and is headquartered in Oulu, Finland.

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. operates as a platform as a service, which provides file handling mechanisms for websites and mobile applications. It offers uploading, editing, and posting images to a blog, website or application from a computer, mobile device, Facebook or Instagram account. The company provides solutions, which includes e-commerce, software as a service, marketplace, printing, media, and healthcare solutions. It offers platform, which includes Uploadcare widget, effects tab, image processing, secure uploads and delivery, and UC optimize. The company was founded in 2011 and is based in City of Wilmington, Delaware.

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. operates an online customer survey platform for businesses. It offers feedback automation, style editor, office compatibility, CRM integration, and support services; and allows users to send, receive, and track surveys. The company was founded in 2011 and is based in San Francisco, California.

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. offers innovative online 3D design-to-purchase SaaS platform solutions to the global market. We provide instantly accessible tools, which enable visual customization of products as a part of the purchase experience. Our customer base includes multiple major furniture manufacturers and retail chains.

Inside Secure

Seed Round in 2014
Meontrust Inc. provides security solutions to banks, financial services, telecom operators, and other online services and their users. The company provides MePIN, a Security as a Service solution for two-factor authentication, transaction authorization, trusted messaging, login without a password, and lost devices and other use cases. Its solution is used by banking and financial services, bitcoin and cryptocurrency services, content cloud services, OTT video services, payment service providers, and real-money iGaming services, as well as for multiplayer online games and online games for kids. The company was founded in 2010 and is based in Helsinki, Finland. As of August 28, 2017, Meontrust Inc. operates as a subsidiary of Inside Secure SA.