VNT Management

VNT Management is a venture capital management company based in Tampere, Finland, established in 2002. The firm focuses on investment opportunities in clean technologies, renewable energy, and power generation, primarily targeting the Nordic and German-speaking markets. VNT Management provides its investors with three venture capital funds, achieving a 25% internal rate of return and ranking in the top quartile of European venture capital funds. In addition to its investment services, the company supports entrepreneurs through various offerings, including supply management, business idea development, application and product concept development, as well as technology scanning and evaluation services.

Jarmo Saaranen

Chairman

20 past transactions

Norsepower

Series C in 2023
Norsepower Oy Ltd is a Finnish clean technology and engineering company that focuses on harnessing renewable wind energy for the maritime industry. Founded in 2012 and based in Helsinki, Norsepower develops low-maintenance, software-operated auxiliary wind propulsion systems, specifically its Rotor Sail Solution. This innovative technology employs the Magnus effect through a spinning cylinder to generate wind power, aiding in the propulsion of vessels. The company's solutions aim to reduce fuel consumption and greenhouse gas emissions, thereby enhancing the efficiency and sustainability of maritime operations. Norsepower has secured over $6 million in funding from various investors, including Power Fund III and Lifeline Ventures Oy, as well as support from the Finnish Funding Agency for Technology and Innovation.

DEPsys

Series B in 2019
DEPsys SA is a Swiss technology company based in Puidoux, Switzerland, established in 2012. It specializes in developing and marketing power grid monitoring systems that manage and control voltage in low-voltage electricity networks. The company's solutions address the challenges posed by decentralized production from renewable energy sources, such as photovoltaic systems and wind turbines, as well as emerging energy storage technologies. By providing innovative and adaptable tools, DEPsys aims to enhance the efficiency and stability of power grids, facilitating the integration of renewable energy into traditional electricity infrastructures.

DEPsys

Venture Round in 2018
DEPsys SA is a Swiss technology company based in Puidoux, Switzerland, established in 2012. It specializes in developing and marketing power grid monitoring systems that manage and control voltage in low-voltage electricity networks. The company's solutions address the challenges posed by decentralized production from renewable energy sources, such as photovoltaic systems and wind turbines, as well as emerging energy storage technologies. By providing innovative and adaptable tools, DEPsys aims to enhance the efficiency and stability of power grids, facilitating the integration of renewable energy into traditional electricity infrastructures.

Visedo

Debt Financing in 2016
Visedo Oy develops, manufactures and delivers electrical drive trains for heavy mobile work machine, marine vessel and bus applications. The drive trains are suitable for both hybrid electric (HEV) and electric vehicle (EV) solutions to harsh operating environment. The latest technology offers the optimal solutions to save fuel and to lower emission and noise levels. The company is located in Lappeenranta, Finland.

DEPsys

Series A in 2016
DEPsys SA is a Swiss technology company based in Puidoux, Switzerland, established in 2012. It specializes in developing and marketing power grid monitoring systems that manage and control voltage in low-voltage electricity networks. The company's solutions address the challenges posed by decentralized production from renewable energy sources, such as photovoltaic systems and wind turbines, as well as emerging energy storage technologies. By providing innovative and adaptable tools, DEPsys aims to enhance the efficiency and stability of power grids, facilitating the integration of renewable energy into traditional electricity infrastructures.

Norsepower

Seed Round in 2016
Norsepower Oy Ltd is a Finnish clean technology and engineering company that focuses on harnessing renewable wind energy for the maritime industry. Founded in 2012 and based in Helsinki, Norsepower develops low-maintenance, software-operated auxiliary wind propulsion systems, specifically its Rotor Sail Solution. This innovative technology employs the Magnus effect through a spinning cylinder to generate wind power, aiding in the propulsion of vessels. The company's solutions aim to reduce fuel consumption and greenhouse gas emissions, thereby enhancing the efficiency and sustainability of maritime operations. Norsepower has secured over $6 million in funding from various investors, including Power Fund III and Lifeline Ventures Oy, as well as support from the Finnish Funding Agency for Technology and Innovation.

WeSustain

Series B in 2014
WeSustain is a company based in Buxtehude, Germany, that specializes in web-based software designed for enterprise sustainability management. Founded in 2010, WeSustain's software provides management support that assists organizations in adopting environmentally friendly practices across their products, processes, and technologies. The platform enables clients to implement a comprehensive sustainability management solution, allowing them to measure, improve, and report on their sustainability performance globally while addressing associated risks. Additionally, the software encompasses features such as organizational models, reporting standards, compliance management, and stakeholder surveys, which help enterprises enhance efficiency and effectively communicate their sustainability efforts.

Valopaa

Seed Round in 2013
Valopaa Ltd. is a Finnish company that specializes in the design, development, manufacture, and marketing of LED lighting products. Established in 2007 and headquartered in Oulu, the company offers a wide range of LED lighting solutions, including street lights, bollards, spotlights, ceiling lights, and customized intelligent lighting systems. Valopaa's products serve various applications, such as street, bridge, petrol station, area, and industrial lighting, as well as sports facilities. The company emphasizes energy efficiency, longevity, and ease of maintenance in its offerings. Valopaa markets its products through a network of distributors across several countries, including Finland, Germany, Italy, the Netherlands, Belgium, Russia, Sweden, Australia, and Azerbaijan.

Siqens

Venture Round in 2013
Siqens GmbH, established in 2012 and headquartered in Munich, Germany, specializes in the manufacture of high-temperature methanol fuel cells. The company aims to provide self-sufficient energy solutions by integrating solar power, batteries, and its innovative fuel cell technology. This approach enables users to achieve total energy independence, effectively bridging the gap between renewable energy sources like solar or wind. Siqens has conducted extensive research and field tests to refine its technology and is now preparing for market entry. The company has been recognized for its advancements, having won the f-cell award in 2012 and received funding from the European Union's Horizon 2020/SME Instrument program, which supports innovative technical developments. Siqens' technology is designed to utilize biomass for fuel production, promoting off-grid energy supply and sustainability while reducing reliance on fossil fuels.

Cajo Technologies

Venture Round in 2013
Cajo Technologies produces innovative laser marking solutions for all industrial and branding purposes. Cajo Technologies is a forerunner in laser marking software, material knowledge, and controlling the laser beam. Subsequently, the innovation has been further developed to provide comprehensive solutions for traceability and product markings, optimized for industrial production processes. Cajo Technologies was founded on 2010 and is headquartered in Kempele, Finland.

Merus Power

Venture Round in 2013
Merus Power Dynamics Oy is a clean technology company based in Nokia, Finland, specializing in the design, manufacture, and marketing of solutions for reactive power compensation, active harmonic filtering, and power protection. Founded in 2008 by a team of experienced engineers, the company offers a diverse range of products, including active harmonic filters, static var compensators, and uninterrupted power quality systems, aimed at improving energy efficiency and productivity for various sectors, such as heavy and light industries, commercial buildings, infrastructure, utilities, and renewable energy applications. Additionally, Merus Power provides installation, commissioning, technical training, and power quality analysis services. With a focus on scalability and modularity, the company leverages advanced power electronics and intelligent software technologies to deliver reliable and efficient solutions. Its products are distributed through certified partners across Asia, Europe, the Middle East and Africa, Oceania, and South America, positioning Merus Power as a key player in the growing power quality market.

Convion

Seed Round in 2013
Convion Ltd. is a manufacturer and developer of solid oxide fuel cells for power generation, established in 2012 and headquartered in Espoo, Finland. The company specializes in creating fuel cell systems with capacities ranging from 50 to 300 kW, targeting distributed power generation for industrial and commercial applications. Convion's products emphasize energy efficiency, reliability, and operational flexibility, catering to customers seeking sustainable power generation solutions. By focusing on premium efficiency and energy independence, Convion aims to enhance power security in various markets.

Wello Oy

Series B in 2012
Wello Oy manufactures wave energy converters. The company offers Penguin Core, a package including design, licensing, control software, device, and knowledge base for the construction of scalable wave parks. The company was founded in 2008 and is based in Espoo, Finland.

dilitronics

Series B in 2010
dilitronics GmbH, based in Jena, Germany, specializes in light-emitting diodes (LEDs) and offers a range of applications across various sectors, including projection, general lighting, and sensors. The company has developed advanced controLED technology that addresses issues related to temperature, aging, and production inconsistencies in LEDs. This innovation allows for improved performance in general and industrial illumination, display backlighting, and automotive lighting. Through its engineering services, dilitronics provides tailored solutions that leverage the benefits of LEDs for specific customer needs.

There Corporation

Series A in 2009
There Corporation Oy specializes in residential demand management and energy efficiency solutions tailored for utilities, system suppliers, and homeowners. Founded in 2009 and based in Espoo, Finland, the company emerged from the Nokia Smart Home program, leveraging technology developed over several years at Nokia. It offers a cloud-based home energy management platform that connects appliances to the cloud, enabling them to respond to signals related to electricity pricing and weather conditions. This platform integrates various energy and home solutions with back-end systems, internet services, and portals. The incorporation of expertise from the Comsel team enhances the company’s capabilities in smart metering and energy efficiency. There Corporation continues to develop its solutions in collaboration with partners, aiming to provide sustainable and future-proof services to its clients.

EpiCrystals

Venture Round in 2009
EpiCrystals Inc. develops advanced light sources for the next generation projection display applications. Their patented DeCIBEL® laser platform enables fabrication of novel ultra-compact and cost-efficient projectors with superior image quality and long lifetime.

Wello Oy

Seed Round in 2009
Wello Oy manufactures wave energy converters. The company offers Penguin Core, a package including design, licensing, control software, device, and knowledge base for the construction of scalable wave parks. The company was founded in 2008 and is based in Espoo, Finland.

Elcogen

Venture Round in 2008
Elcogen AS, founded in 2001 and based in Tallinn, Estonia, specializes in the development and manufacturing of solid oxide fuel cells (SOFCs). The company focuses on high-performance anode-supported Intermediate Temperature Solid Oxide Fuel Cells (IT-SOFC) and SOFC stacks, utilizing proprietary materials and technological innovations. Elcogen's products are designed for various applications, including residential, commercial, industrial, and off-grid remote systems. By significantly reducing emissions from natural gas systems, Elcogen's fuel cell technology provides enhanced power output and facilitates renewable energy generation by converting electricity into hydrogen for long-term storage. The company's commitment to advancing fuel cell technology positions it as a key player in enabling a clean energy future.

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.

Cavitar

Venture Round in 2006
Cavitar Ltd. develops, manufactures, and sells diode laser equipment. The company offers CAVILUX, a laser light source and visualization system. Its products are used in imaging and materials processing applications, such as additive manufacturing, ballistics and explosions, flow and spray imaging, flow process monitoring, machine imaging, shockwave imaging, surface topography, and welding imaging. The company was founded in 1996 and is based in Tampere, Finland.
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