VNT Management

VNT Management, established in 2002, is a Finnish venture capital firm specializing in clean technology investments. Based in Tampere, it offers investors access to three dedicated funds focusing on clean energy and related sectors across Europe. The company provides entrepreneurs with services such as supply management, business development, and technology evaluation. VNT Management has consistently delivered strong returns, with an internal rate of return (IRR) of 25% and a top-quartile position among European venture capital funds.

Peter Auner

Partner

Jarmo Saaranen

President

20 past transactions

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.

depsys

Series B in 2019
DEPsys is a Swiss technology company based in Puidoux, located on the shores of Lake Geneva in the Lavaux region, known for its vineyard terraces. The company specializes in developing modular systems for power grids, focusing on integrating renewable energy sources like photovoltaic systems and wind turbines into traditional low-voltage electricity networks. Its network optimization platform is designed to measure, monitor, and control the low-voltage grid, allowing energy providers to adapt to the challenges posed by decentralized production and increased energy loads. By offering innovative solutions, DEPsys aims to support the evolution of energy systems in response to the growing demand for sustainable energy practices.

depsys

Venture Round in 2018
DEPsys is a Swiss technology company based in Puidoux, located on the shores of Lake Geneva in the Lavaux region, known for its vineyard terraces. The company specializes in developing modular systems for power grids, focusing on integrating renewable energy sources like photovoltaic systems and wind turbines into traditional low-voltage electricity networks. Its network optimization platform is designed to measure, monitor, and control the low-voltage grid, allowing energy providers to adapt to the challenges posed by decentralized production and increased energy loads. By offering innovative solutions, DEPsys aims to support the evolution of energy systems in response to the growing demand for sustainable energy practices.

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.

depsys

Series A in 2016
DEPsys is a Swiss technology company based in Puidoux, located on the shores of Lake Geneva in the Lavaux region, known for its vineyard terraces. The company specializes in developing modular systems for power grids, focusing on integrating renewable energy sources like photovoltaic systems and wind turbines into traditional low-voltage electricity networks. Its network optimization platform is designed to measure, monitor, and control the low-voltage grid, allowing energy providers to adapt to the challenges posed by decentralized production and increased energy loads. By offering innovative solutions, DEPsys aims to support the evolution of energy systems in response to the growing demand for sustainable energy practices.

Norsepower

Seed Round in 2016
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.

WeSustain

Series B in 2014
WeSustain is a company that specializes in developing web-based software for enterprise sustainability management. Founded in 2010 and based in Buxtehude, Germany, WeSustain's software assists organizations in measuring, improving, and communicating their sustainability performance. The platform offers a comprehensive management support system that enables clients to implement and manage sustainability initiatives effectively, while also addressing sustainability risks. In addition to its core software, WeSustain provides services such as organizational models, reporting standards, enterprise compliance, stakeholder surveys, and customized workflows. This holistic approach allows companies to enhance their sustainability practices, improve operational efficiency, and promote profitability.

Valopaa

Seed Round in 2013
Valopaa Ltd. is a Finnish company specializing in the design, development, manufacture, and marketing of LED lighting products. Founded in 2007 and headquartered in Oulu, the company focuses on high-performance lighting solutions suitable for demanding environments. Valopaa offers a range of products, including LED street lights, bollards, spotlights, ceiling lights, and customized lighting systems, catering to various applications such as street, industrial, and sports facility lighting. 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, founded in 2012 and headquartered in Munich, Germany, specializes in the manufacturing of high-temperature methanol fuel cells. The company offers self-sufficient energy systems that integrate solar power and batteries with its innovative fuel cell technology, enabling total energy independence. Siqens' fuel cells effectively bridge the gap between renewable energy sources like solar and wind, providing reliable power generation. The company has conducted extensive research and development alongside multiple field tests to refine its technology, which is now poised for market entry. Recognized for its innovative approach, Siqens received the f-cell award in 2012 and was selected for the EU's Horizon 2020/SME Instrument funding program in 2015, highlighting its commitment to advancing sustainable energy solutions. Additionally, Siqens' technology allows for the production of fuel from various biomass sources, promoting an off-grid energy supply independent of fossil fuels.

Cajo Technologies

Venture Round in 2013
Cajo Technologies develops laser marking solutions and software for industrial branding, enabling durable, precise product markings and full traceability. It is a forerunner in laser marking software, materials knowledge, and laser beam control, delivering comprehensive, production-friendly systems optimized for industrial processes. The company offers additive-free laser technology, easy integration into production lines, and customizable software to support traceability across metal, medical, and packaging sectors while reducing environmental impact and operating costs. Founded in 2010 and headquartered in Kempele, Finland, Cajo Technologies serves manufacturers seeking scalable laser marking solutions.

Merus Power Dynamics

Venture Round in 2013
Merus Power Dynamics is a clean technology company that designs, manufactures, and markets power quality and energy efficiency solutions. Its portfolio includes active harmonic filters, low harmonic drive solutions, static var compensators and STATCOMs, as well as energy storage and power quality systems that address reactive power, harmonic distortion, and protection in demanding applications. The company provides installation, commissioning, training, power quality measurements and analyses, and system inspection and revamping services. Its solutions target heavy and light industries, commercial buildings, infrastructure and utilities, and renewable energy projects, supported by a global partner network across regions. Founded in 2008 and based in Finland, Merus Power Dynamics emphasizes scalable modular power electronics and intelligent software to improve efficiency, reliability, and dynamic performance, along with professional system studies from problem analysis to solution design.

Convion

Seed Round in 2013
Convion Ltd., established in 2012 and located in Espoo, Finland, specializes in the development and manufacturing of solid oxide fuel cell systems for power generation and hydrogen production. The company's technology facilitates the efficient conversion of various fuels into electricity and steam, promoting sustainable energy solutions. Convion's modular fuel cell systems are designed for flexibility, allowing them to operate with different fuel types and catering to both industrial and commercial applications. By focusing on high-efficiency energy conversion, Convion aims to enhance energy independence and security while providing reliable and operationally flexible solutions in the power generation market.

Wello

Series B in 2012
Wello Oy is a Finnish company specializing in the manufacture of wave energy converters, specifically the Penguin Core, which encompasses design, licensing, control software, and expertise for developing scalable wave parks. Founded in 2008 and based in Espoo, Wello's innovative Penguin wave energy converter captures energy from ocean waves using a unique design that enables it to respond dynamically to wave movements. The asymmetrical hull of the Penguin creates a gyrating motion that directly drives a generator, eliminating the need for mechanical or hydraulic gears and enhancing efficiency. Wello aims to provide ecological and commercially viable solutions for harnessing renewable energy from the sea, making low-cost energy accessible for various applications.

Dilitronics

Series B in 2010
Dilitronics GmbH, based in Jena, Germany, specializes in the development and provision of light emitting diodes (LEDs) and related technologies. The company focuses on its proprietary controLED technology, which aims to mitigate issues related to temperature, age, and production-induced variations in LEDs. Dilitronics serves various sectors, including general and industrial illumination, display backlighting, and automotive lighting. Through its innovative approach, the company enhances the performance and reliability of LEDs, catering to a diverse range of applications while enabling clients to benefit from the advantages of advanced lighting solutions.

There

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

Seed Round in 2009
Wello Oy is a Finnish company specializing in the manufacture of wave energy converters, specifically the Penguin Core, which encompasses design, licensing, control software, and expertise for developing scalable wave parks. Founded in 2008 and based in Espoo, Wello's innovative Penguin wave energy converter captures energy from ocean waves using a unique design that enables it to respond dynamically to wave movements. The asymmetrical hull of the Penguin creates a gyrating motion that directly drives a generator, eliminating the need for mechanical or hydraulic gears and enhancing efficiency. Wello aims to provide ecological and commercially viable solutions for harnessing renewable energy from the sea, making low-cost energy accessible for various applications.

Elcogen

Venture Round in 2008
Elcogen is a manufacturer and developer of high-performance anode-supported Intermediate Temperature Solid Oxide Fuel Cells (IT-SOFC) and SOFC stacks, established in 2001. The company specializes in proprietary materials and technological solutions that enhance the efficiency of solid oxide fuel cells, which are recognized as the most efficient method of energy conversion. Elcogen's technology significantly reduces emissions from natural gas systems, providing twice the power for the same amount of gas. Additionally, its fuel cells facilitate renewable energy generation by converting electricity into hydrogen for long-term storage. With a focus on efficiency, flexibility, and reducing commercial costs, Elcogen aims to support industries in the transition to green hydrogen production and contribute to a cleaner 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
Founded in 1996, Cavitar specializes in diode laser technology for high-speed imaging and machine vision applications. Its CAVILUX illumination lasers offer higher power, brightness, and efficiency than traditional light sources, enabling accurate measurements in R&D and improved real-time visual monitoring in industry.
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