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

Past deals in Finland

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.

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.

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.

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.

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.

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.

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.

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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