VNT Management

VNT Management is a venture capital management company established in 2002 and headquartered in Tampere, Finland. The firm specializes in clean technology investments, focusing on sectors such as renewable energies, electrical systems, and power generation, primarily within the Nordic and German-speaking regions. VNT Management caters to both investors and entrepreneurs; for investors, it manages three venture capital funds that aim for a substantial internal rate of return and position within the top quartile of European venture capital funds. For entrepreneurs, the company provides a range of services including supply management, business idea development, application and product concept development, as well as technology scanning and evaluation.

Peter Auner

Partner

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, situated in the Lavaux region near Lake Geneva. The company specializes in developing modular power-grid systems that facilitate the integration of renewable energy sources, such as solar and wind power, into traditional low-voltage electricity networks. DEPsys offers a network optimization platform that measures, monitors, and controls these power grids, helping energy providers manage the challenges posed by decentralized energy production and increasing demand. By providing innovative solutions, DEPsys aims to enhance the efficiency and reliability of electricity distribution in a rapidly evolving energy landscape.

depsys

Venture Round in 2018
DEPsys is a Swiss technology company based in Puidoux, situated in the Lavaux region near Lake Geneva. The company specializes in developing modular power-grid systems that facilitate the integration of renewable energy sources, such as solar and wind power, into traditional low-voltage electricity networks. DEPsys offers a network optimization platform that measures, monitors, and controls these power grids, helping energy providers manage the challenges posed by decentralized energy production and increasing demand. By providing innovative solutions, DEPsys aims to enhance the efficiency and reliability of electricity distribution in a rapidly evolving energy landscape.

Visedo

Debt Financing in 2016
Visedo Oy specializes in the development, manufacture, and delivery of advanced electric and hybrid drive trains designed for heavy-duty applications in mobile work machinery, marine vessels, and buses. Based in Lappeenranta, Finland, the company focuses on solutions that operate effectively in harsh environments. Its drive trains are suitable for both hybrid electric and fully electric vehicles, providing innovative technology aimed at reducing fuel consumption, emissions, and noise levels. By employing state-of-the-art electric components, Visedo enables clients to enhance productivity while minimizing their environmental impact.

depsys

Series A in 2016
DEPsys is a Swiss technology company based in Puidoux, situated in the Lavaux region near Lake Geneva. The company specializes in developing modular power-grid systems that facilitate the integration of renewable energy sources, such as solar and wind power, into traditional low-voltage electricity networks. DEPsys offers a network optimization platform that measures, monitors, and controls these power grids, helping energy providers manage the challenges posed by decentralized energy production and increasing demand. By providing innovative solutions, DEPsys aims to enhance the efficiency and reliability of electricity distribution in a rapidly evolving energy landscape.

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 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 is a Finnish company, founded in 2010 and headquartered in Kempele, that specializes in advanced laser marking solutions for industrial and branding applications. The company develops innovative software and technologies that allow for precise and durable markings on various materials without the need for additives. Cajo Technologies focuses on traceability and product markings, providing easy-to-use solutions that are optimized for industrial production processes. Their offerings aim to replace traditional marking methods, promoting sustainability by reducing carbon footprints while delivering cost-effective and efficient marking capabilities, even on challenging surfaces.

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 Finnish company, established in 2012 and located in Espoo, that specializes in the development and manufacturing of solid oxide fuel cells for power generation. The company focuses on creating high-efficiency systems that facilitate distributed power generation and hydrogen production, utilizing various fuels to enhance energy independence and security. Convion's modular fuel cell systems are designed for industrial and commercial applications, offering operational flexibility and reliability. By leveraging solid oxide fuel cell technology, Convion aims to contribute to sustainable energy solutions and improve the efficiency of power generation markets.

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 is a company based in Jena, Germany, that specializes in the development and provision of light emitting diodes (LEDs). The company focuses on various sectors, including projection, general lighting, and sensors. Dilitronics has developed a unique controLED technology designed to address issues related to temperature, age, and production-induced inconsistencies in LEDs. This innovative technology enhances general illumination, industrial lighting, display backlighting, and automotive lighting. By leveraging these advancements, Dilitronics enables its customers to benefit from the numerous advantages offered by LEDs across diverse applications.

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 Solid Oxide Fuel Cell (SOFC) stacks, utilizing proprietary materials and technological solutions. Established in 2001, the company aims to facilitate a clean energy future through its innovative fuel cell technology, which significantly reduces emissions from natural gas systems while providing twice the power for the same amount of gas. Elcogen's solid oxide fuel cells are recognized for their efficiency, enabling effective energy conversion, reversible operation for both power generation and hydrogen production, and flexibility in fuel use. This technology not only supports renewable energy generation but also contributes to the production of green hydrogen, offering industries an efficient means to reduce costs and enhance sustainability.

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. is a Finnish company specializing in the development and manufacture of diode laser equipment, particularly known for its CAVILUX laser light source and visualization system. Founded in 1996 and headquartered in Tampere, Cavitar's products are utilized across a range of demanding applications, including additive manufacturing, imaging for ballistics and explosions, flow and spray monitoring, machine imaging, shockwave imaging, and welding. The company's illumination lasers provide higher power, brightness, and efficiency compared to traditional light sources, enhancing the accuracy of critical measurements in research and development. Additionally, Cavitar's technology facilitates real-time visual monitoring in industrial processes, leading to improved ergonomics and significant cost savings in manufacturing. The ability to couple lasers with fiber optics allows for compact solutions in space-constrained environments.
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