VTT Ventures

VTT Ventures is a venture capital arm of VTT Technical Research Centre of Finland. It focuses on investing in early-stage companies with high-growth potential, utilizing technology developed by VTT. The firm invests primarily from its balance sheet and seeks minority stakes up to 25%. It prefers industry-agnostic investments in Finland, with transaction sizes ranging from EUR 0.11 million to EUR 0.6 million.

Jussi Manninen Ph.D

Executive Vice President of Carbon Neutral Solutions

Antti Vasara

CEO and President

26 past transactions

TactoTek

Venture Round in 2024
TactoTek develops and licenses Injection-Molded Structural Electronics (IMSE®) technologies. It enables global manufacturers to integrate circuits into plastic parts, creating smart interactive surfaces for automotive, aviation, connected home, industrial control, and medical industries.

Solar Foods

Series B in 2023
Solar Foods is a food‑tech company founded in 2017 and headquartered in Lappeenranta, Finland. It develops a patented hydrogen‑fermentation platform that converts electricity into hydrogen, which is then combined with carbon dioxide, water, vitamins, and minerals to feed hydrogen‑oxidizing microbes. The resulting single‑cell biomass is processed into Solein, a protein‑rich powder that serves as a sustainable, nutritionally complete substitute for animal‑derived proteins. The company focuses on commercializing this technology to produce food raw materials that can replace animal‑based foods while reducing environmental impact.

Steady Energy

Seed Round in 2023
Steady Energy specializes in developing low-temperature nuclear reactors designed for district heating and industrial applications. Their innovative technology operates at lower temperatures and pressures than traditional reactors, ensuring safety and efficiency while facilitating the transition towards carbon-neutral energy.

Infinited Fiber

Series B in 2023
Infinited Fiber Company Oy, founded in 2016 and headquartered in Espoo, Finland, specializes in textile chemical recycling. The company has developed a patented technology that transforms cellulose-rich materials, such as cotton-rich textile waste, used cardboard, and agricultural byproducts like wheat and rice straw, into high-quality fibers resembling cotton. This innovative process allows manufacturers in the textile industry to utilize recycled materials, significantly reducing their reliance on virgin resources. Infinited Fiber's technology has been validated by prominent brands and has garnered recognition, including the Europas 2020 Hottest Sustainability Tech Award and a spot on the Global 50 to Watch list by the Cleantech Group in 2019. Additionally, the company was selected for WWF's Climate Solver network, highlighting its commitment to sustainability in the fashion sector.

Dispelix

Series B in 2021
Dispelix Oy is a Finnish company specializing in the design and manufacture of optical see-through displays for smart glasses and extended reality (XR) devices. Founded in 2015 and headquartered in Espoo, Finland, Dispelix develops advanced waveguide combiners that create transparent displays, allowing users to experience a seamless blend of virtual and real-world environments. The company's flagship product, DiSPEL, utilizes a lens-like light guide to project high-quality, full-color images into the user's field of view, compatible with various image sources including LCOS, LCD, LED, and laser technologies. With subsidiaries in the United States and China, Dispelix aims to be a key player in the XR industry, partnering with leading companies to innovate and enhance the functionality and design of XR wearables.

Kuva Space

Funding Round in 2021
Kuva Space is a company focused on enhancing life on Earth through its extensive constellation of nanosatellites equipped with advanced hyperspectral imaging technology. By utilizing its GREEN DATA® platform, Kuva Space addresses critical global challenges such as climate change, disaster response, and food security. The company provides actionable data and insights that support sustainable management of natural resources, enabling clients to optimize agricultural practices, improve land use, and make informed investment and financial decisions. Additionally, its technology allows for the measurement of regional carbon sequestration rates, prevention of large-scale forest fires, and detection of gas leaks, all facilitated by an integrated artificial intelligence platform.

Dispelix

Series A in 2018
Dispelix Oy is a Finnish company specializing in the design and manufacture of optical see-through displays for smart glasses and extended reality (XR) devices. Founded in 2015 and headquartered in Espoo, Finland, Dispelix develops advanced waveguide combiners that create transparent displays, allowing users to experience a seamless blend of virtual and real-world environments. The company's flagship product, DiSPEL, utilizes a lens-like light guide to project high-quality, full-color images into the user's field of view, compatible with various image sources including LCOS, LCD, LED, and laser technologies. With subsidiaries in the United States and China, Dispelix aims to be a key player in the XR industry, partnering with leading companies to innovate and enhance the functionality and design of XR wearables.

Solar Foods

Venture Round in 2018
Solar Foods is a food‑tech company founded in 2017 and headquartered in Lappeenranta, Finland. It develops a patented hydrogen‑fermentation platform that converts electricity into hydrogen, which is then combined with carbon dioxide, water, vitamins, and minerals to feed hydrogen‑oxidizing microbes. The resulting single‑cell biomass is processed into Solein, a protein‑rich powder that serves as a sustainable, nutritionally complete substitute for animal‑derived proteins. The company focuses on commercializing this technology to produce food raw materials that can replace animal‑based foods while reducing environmental impact.

Quanturi Oy

Venture Round in 2018
Quanturi Oy is a Finnish company founded in 2016, headquartered in Espoo, with additional locations across Europe, including France, Great Britain, the Netherlands, Switzerland, Italy, and Belgium. The company specializes in developing and providing continuous monitoring solutions for fermentable products, focusing on sectors such as agriculture, forestry, and waste management. Its product offerings include wireless monitoring systems for compost temperature, grain management, and hay, as well as temperature monitoring systems applicable to various other industries. Quanturi Oy also engages in online sales of its innovative solutions, emphasizing the analysis of data associated with its connected objects.

Minima Processor

Seed Round in 2017
Minima Processor Oy is a Finnish company, founded in 2016 and based in Oulu, that specializes in developing innovative semiconductor technology solutions aimed at enhancing the energy efficiency of digital processors. The company's technology enables improvements of up to 20 times in energy efficiency compared to traditional solutions, primarily through ultra-low voltage operation and the removal of timing margins at nominal voltages. Minima Processor's self-adapting intellectual property allows digital subsystems to operate effectively at near-threshold voltages while also being capable of scaling up to meet increased computing demands. Their solutions find applications across various industries, including consumer electronics, sensors, communication devices, medical applications, and computing systems, thereby promoting significant reductions in voltage consumption for diverse tasks.

FocalSpec

Venture Round in 2017
FocalSpec is a Finnish high-tech company specializing in laboratory-grade measurement precision for online quality control and manufacturing line optimization. It offers sensors, 2D profilers, and 3D at-line scanners serving metal, electronics, plastics, medical industries, and systems integrators.

TactoTek

Venture Round in 2017
TactoTek develops and licenses Injection-Molded Structural Electronics (IMSE®) technologies. It enables global manufacturers to integrate circuits into plastic parts, creating smart interactive surfaces for automotive, aviation, connected home, industrial control, and medical industries.

Desentum

Series A in 2017
Founded in Finland in 2011, Desentum is a biopharmaceutical company dedicated to developing innovative allergy vaccines. Its unique approach involves designing vaccines that switch the immune system's response from hypersensitivity to tolerance, aiming to provide long-term relief for patients suffering from allergies.

BioMensio

Venture Round in 2016
BioMensio develops smart handheld devices for rapid, on-site detection of multiple biological targets. Its core technology enables label-free assays and facilitates development of new bio-screening applications. The company's products include BioMensio devices and a novel miniaturized microarray platform, serving point-of-care, food safety, and bio-security applications.

Minima Processor

Seed Round in 2016
Minima Processor Oy is a Finnish company, founded in 2016 and based in Oulu, that specializes in developing innovative semiconductor technology solutions aimed at enhancing the energy efficiency of digital processors. The company's technology enables improvements of up to 20 times in energy efficiency compared to traditional solutions, primarily through ultra-low voltage operation and the removal of timing margins at nominal voltages. Minima Processor's self-adapting intellectual property allows digital subsystems to operate effectively at near-threshold voltages while also being capable of scaling up to meet increased computing demands. Their solutions find applications across various industries, including consumer electronics, sensors, communication devices, medical applications, and computing systems, thereby promoting significant reductions in voltage consumption for diverse tasks.

Spectral Engines

Series A in 2016
Founded in 2014, Spectral Engines develops and manufactures miniaturized spectral sensors for various applications. These include moisture measurement in pharmaceutical powders, food composition analysis (protein, fat, sugars), gas detection, and process spectroscopy.

Dispelix

Seed Round in 2016
Dispelix Oy is a Finnish company specializing in the design and manufacture of optical see-through displays for smart glasses and extended reality (XR) devices. Founded in 2015 and headquartered in Espoo, Finland, Dispelix develops advanced waveguide combiners that create transparent displays, allowing users to experience a seamless blend of virtual and real-world environments. The company's flagship product, DiSPEL, utilizes a lens-like light guide to project high-quality, full-color images into the user's field of view, compatible with various image sources including LCOS, LCD, LED, and laser technologies. With subsidiaries in the United States and China, Dispelix aims to be a key player in the XR industry, partnering with leading companies to innovate and enhance the functionality and design of XR wearables.

Grainsense

Seed Round in 2016
GrainSense Oy, founded in 2014 and based in Oulu, Finland, specializes in agricultural technology with the development of a hand-held device for measuring grain protein and other critical parameters. This innovative device assesses protein, moisture, oil, and carbohydrate content of cereals and crops directly in the field, allowing farmers, seed producers, and plant breeders to make informed decisions that enhance profitability. Additionally, it assists meat producers in managing the protein content of animal feed in real time. The device incorporates GPS positioning and offers cloud-based data services, enabling users to analyze and control crop quality effectively. GrainSense's products were first made available to farmers in late 2016.

Paptic

Seed Round in 2015
Paptic is a manufacturing company focused on creating innovative, wood-based renewable and recyclable products that aim to replace traditional paper and plastic materials. By developing plastic bags that merge the renewability and recyclability of paper with the functional benefits of plastics, Paptic addresses critical global environmental challenges, particularly the accumulation of plastic waste. The company's products enable customers to pursue sustainable practices without compromising their everyday needs for plastic bags.

Asqella

Venture Round in 2015
Asqella develops passive submillimeter-wave camera technology for security and screening, delivering high-throughput, non-intrusive surveillance for mass transit hubs, venues, and other crowded environments. The cameras enable concealed threat detection and loss prevention by screening visitors and employees, helping organizations protect assets and improve safety at entry points.

TactoTek

Venture Round in 2015
TactoTek develops and licenses Injection-Molded Structural Electronics (IMSE®) technologies. It enables global manufacturers to integrate circuits into plastic parts, creating smart interactive surfaces for automotive, aviation, connected home, industrial control, and medical industries.

Spectral Engines

Seed Round in 2014
Founded in 2014, Spectral Engines develops and manufactures miniaturized spectral sensors for various applications. These include moisture measurement in pharmaceutical powders, food composition analysis (protein, fat, sugars), gas detection, and process spectroscopy.

TactoTek

Venture Round in 2013
TactoTek develops and licenses Injection-Molded Structural Electronics (IMSE®) technologies. It enables global manufacturers to integrate circuits into plastic parts, creating smart interactive surfaces for automotive, aviation, connected home, industrial control, and medical industries.

TactoTek

Seed Round in 2012
TactoTek develops and licenses Injection-Molded Structural Electronics (IMSE®) technologies. It enables global manufacturers to integrate circuits into plastic parts, creating smart interactive surfaces for automotive, aviation, connected home, industrial control, and medical industries.

TactoTek

Seed Round in 2011
TactoTek develops and licenses Injection-Molded Structural Electronics (IMSE®) technologies. It enables global manufacturers to integrate circuits into plastic parts, creating smart interactive surfaces for automotive, aviation, connected home, industrial control, and medical industries.

MediSapiens

Seed Round in 2010
MediSapiens is a pioneering software company focused on personalized cancer medicine, catering to oncology clinics and the development of new drugs. Established on research conducted since 2005 by the VTT Technical Research Centre of Finland, the company harnesses bioinformatics and peer-reviewed data to provide online genomic insights. This enables scientists to comprehend the impact of human genes on health and disease, assisting oncologists in selecting optimal treatments. MediSapiens also offers a biotechnology adaptive technology platform that facilitates the analysis, visualization, and management of complex biologics data through integrative multi-omics analysis and automated diagnostic workflows. By empowering precision medicine programs, the platform aids bio-oncologists in cost-effectively understanding and analyzing genomic data while minimizing development risks.
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