VTT Ventures

VTT Ventures Ltd is the venture capital arm of VTT Technical Research Centre of Finland, focusing on investments in pre-seed, seed phase, startup, and spin-off companies. Based in Espoo, Finland, the firm employs straight equity and convertible debt financing methods, primarily targeting investments within Finland. VTT Ventures typically invests between EUR 0.11 million and EUR 0.6 million per transaction in companies with revenues up to EUR 1 million and enterprise values ranging from EUR 2 million to EUR 5 million. The firm aims for a minority stake of up to 25% in its portfolio companies and seeks to actively participate in their management, often taking a seat on the Board. VTT Ventures is dedicated to leveraging VTT's technology to foster the growth of high-tech companies with international potential, with an investment horizon of approximately five years.

Antti Sinisalo

CEO

Past deals in Finland

Dispelix

Series B in 2021
Dispelix Oy, established in 2015 and headquartered in Espoo, Finland, specializes in the design and manufacture of optical see-through near-to-the-eye display technology for smart glasses. The company's flagship product, DiSPEL, employs a lens-like light guide to seamlessly project virtual images into the user's field of view, enhancing the functionality of various image sources including LCOS, LCD, LED, and laser. Dispelix aims to address the critical design challenges of optical see-through displays, which are essential for the performance and user experience of smart glasses. By focusing on these innovative technologies, Dispelix is positioning itself as a key player in the evolving smart eyewear market.

Dispelix

Series A in 2018
Dispelix Oy, established in 2015 and headquartered in Espoo, Finland, specializes in the design and manufacture of optical see-through near-to-the-eye display technology for smart glasses. The company's flagship product, DiSPEL, employs a lens-like light guide to seamlessly project virtual images into the user's field of view, enhancing the functionality of various image sources including LCOS, LCD, LED, and laser. Dispelix aims to address the critical design challenges of optical see-through displays, which are essential for the performance and user experience of smart glasses. By focusing on these innovative technologies, Dispelix is positioning itself as a key player in the evolving smart eyewear market.

Solar Foods

Venture Round in 2018
The Finnish company Solar Foods Oy produces an entirely new kind of nutrient-rich protein using only air and electricity as the main resources. The goal of the company is to start commercial production of the environmentally revolutionary protein in 2020.Solar Foods’ concept redefines the basics of food production, as it is not dependent on agriculture, the weather, or the climate. The price of the protein product is also competitive compared to sources such as soy protein.

Quanturi

Venture Round in 2018
Quanturi Oy, founded in 2016 and based in Espoo, Finland, specializes in the development and provision of continuous monitoring solutions for fermentable products, catering to the agricultural, forestry, and waste sectors. The company offers a range of wireless monitoring systems, including those for compost temperature, grain management, and hay monitoring, ensuring the safety and quality of stored materials. Its platform provides real-time alerts for potential hazards, enhancing traceability and reducing handling costs. By enabling farmers and industry professionals to monitor their products effectively, Quanturi aims to prevent business disruptions and mitigate risks associated with spoilage or accidents. The company has expanded its presence across various countries, including France, Great Britain, the Netherlands, Switzerland, Italy, and Belgium, and sells its products online to reach a broader market.

Minima Processor

Seed Round in 2017
Minima Processor Oy specializes in developing technology solutions aimed at enhancing the energy efficiency of digital processors. Founded in 2016 and located in Oulu, Finland, the company offers process-agnostic semiconductor subsystems that can significantly improve energy efficiency, achieving up to 20 times better performance compared to traditional solutions. This improvement primarily stems from the implementation of ultra-low voltage operation and the elimination of timing margins, which further enhances efficiency at nominal operating voltages. Minima Processor's innovations find applications across various sectors, including consumer electronics, sensors, communication devices, medical applications, and computing systems, enabling clients to reduce voltage consumption while meeting their computational needs.

FocalSpec

Venture Round in 2017
FocalSpec is a privately held Finnish high tech company offering laboratory level measurement precision for online quality control and manufacturing line process optimization. Our product range consists of sensors, 2D profilers and 3D at-line scanners for metal, electronics, plastics and medical industries as well as for systems integrators. FocalSpec’s headquarters is located in Oulu, Finland and it operates globally through its subsidiary in Atlanta, USA and a skilled network of integrators and distribution partners.

TactoTek

Venture Round in 2017
TactoTek Oy designs and manufactures injection-molded 3D structural electronic solutions. The company offers structural electronics that integrate printed circuitry, printed touch controls, and discrete electronic components into 3D injection-molded plastics to produce standard equipment enabling brands to design light, thin, and durable components, including LEDs for lighting, sensors, antennae, circuitry, integrated circuits, and printed touch controls. It involves in the development of solutions for a range of market segments, such as Internet of Things; automotive solutions, including electric vehicles; wearable technology; and scalable mass production. The company was incorporated in 2011 and is based in Kempele, Finland.

Desentum

Series A in 2017
Desentum Oy is a biopharmaceutical company based in Finland that focuses on developing innovative hypoallergenic vaccines aimed at treating various allergies, including those caused by pollen, pets, and certain food proteins. Established in 2011, Desentum employs a unique approach to allergy immunotherapy by altering the immune system's response to allergens, promoting tolerance instead of hypersensitivity. The company leverages its research into the molecular mechanisms behind allergic reactions to design effective vaccines that aim to provide long-term relief for patients suffering from allergic symptoms. By utilizing recombinant allergens modified to suppress histamine release during treatment, Desentum seeks to minimize adverse effects and streamline the desensitization process, ultimately addressing the social and economic burdens associated with allergies.

BioMensio

Venture Round in 2016
Biomensio is revolutionizing analytics through its Diagnostics-as-a-Service Platform.

 The platform consists of a fully digital handheld reader, multianalyte fluid cartridges, and a cloud-based analytics service powered by professional services team. DXaaS provides an easier access for OEM partners to develop bio analysis products and services. Their initial application areas of interest are point-of-need applications including the detection of drug abuse in saliva, as well as food and milk safety.

Minima Processor

Seed Round in 2016
Minima Processor Oy specializes in developing technology solutions aimed at enhancing the energy efficiency of digital processors. Founded in 2016 and located in Oulu, Finland, the company offers process-agnostic semiconductor subsystems that can significantly improve energy efficiency, achieving up to 20 times better performance compared to traditional solutions. This improvement primarily stems from the implementation of ultra-low voltage operation and the elimination of timing margins, which further enhances efficiency at nominal operating voltages. Minima Processor's innovations find applications across various sectors, including consumer electronics, sensors, communication devices, medical applications, and computing systems, enabling clients to reduce voltage consumption while meeting their computational needs.

Spectral Engines

Series A in 2016
Spectral Engines Oy develops and produces advanced spectral sensors for process spectroscopy, agriculture, food and beverage, and gas sensing fields. It offers OEM sensors, application development kits, gas sensors, portable instruments, and SW development kits. The company serves moisture, polymers, hydrocarbons, CO2, APIs in pharma, beverages, and food composition applications. Spectral Engines Oy was founded in 2014 and is headquartered in Helsinki, Finland. As of May 3, 2018, Spectral Engines Oy operates as a subsidiary of m-u-t AG.

Dispelix

Seed Round in 2016
Dispelix Oy, established in 2015 and headquartered in Espoo, Finland, specializes in the design and manufacture of optical see-through near-to-the-eye display technology for smart glasses. The company's flagship product, DiSPEL, employs a lens-like light guide to seamlessly project virtual images into the user's field of view, enhancing the functionality of various image sources including LCOS, LCD, LED, and laser. Dispelix aims to address the critical design challenges of optical see-through displays, which are essential for the performance and user experience of smart glasses. By focusing on these innovative technologies, Dispelix is positioning itself as a key player in the evolving smart eyewear market.

Grainsense

Seed Round in 2016
Grainsense Oy develops a hand-held device for grain protein measurement. Its hand-held device measures the protein, moisture, oil, and carbohydrate content of cereals and other crops; allows farmers, seed producers, and plant breeders to measure the key parameters of their crops and make decisions that improve profitability; and enables meat producers to control and adjust the protein content of feed in real time. The company was founded in 2014 and is headquartered in Oulu, Finland.

Paptic

Seed Round in 2015
Paptic is manufacturing company that revolutionizes environmental new material, wood-based renewable and recyclable products replacing paper and plastic. Paptic Ltd was April 2015. The company is based in Espoo, Finland and employs today 10 persons.

Asqella

Venture Round in 2015
Asqella Oy, established in 2011 and headquartered in Helsinki, Finland, specializes in passive submillimetre-wave video cameras designed for loss prevention and physical security applications. The company develops advanced multi-band terahertz sensing and imaging systems that provide high-throughput screening capabilities, making them particularly effective in crowded venues, mass transit hubs, and other public spaces. Asqella's technology is also utilized in corporate environments, including secure sites, manufacturing facilities, and data centers, enhancing security by detecting concealed threats. Their innovative camera solutions offer superior performance compared to traditional technologies and are competitively priced, making them an attractive option for clients seeking to protect critical assets and ensure safety in various settings.

TactoTek

Venture Round in 2015
TactoTek Oy designs and manufactures injection-molded 3D structural electronic solutions. The company offers structural electronics that integrate printed circuitry, printed touch controls, and discrete electronic components into 3D injection-molded plastics to produce standard equipment enabling brands to design light, thin, and durable components, including LEDs for lighting, sensors, antennae, circuitry, integrated circuits, and printed touch controls. It involves in the development of solutions for a range of market segments, such as Internet of Things; automotive solutions, including electric vehicles; wearable technology; and scalable mass production. The company was incorporated in 2011 and is based in Kempele, Finland.

Spectral Engines

Seed Round in 2014
Spectral Engines Oy develops and produces advanced spectral sensors for process spectroscopy, agriculture, food and beverage, and gas sensing fields. It offers OEM sensors, application development kits, gas sensors, portable instruments, and SW development kits. The company serves moisture, polymers, hydrocarbons, CO2, APIs in pharma, beverages, and food composition applications. Spectral Engines Oy was founded in 2014 and is headquartered in Helsinki, Finland. As of May 3, 2018, Spectral Engines Oy operates as a subsidiary of m-u-t AG.

TactoTek

Venture Round in 2013
TactoTek Oy designs and manufactures injection-molded 3D structural electronic solutions. The company offers structural electronics that integrate printed circuitry, printed touch controls, and discrete electronic components into 3D injection-molded plastics to produce standard equipment enabling brands to design light, thin, and durable components, including LEDs for lighting, sensors, antennae, circuitry, integrated circuits, and printed touch controls. It involves in the development of solutions for a range of market segments, such as Internet of Things; automotive solutions, including electric vehicles; wearable technology; and scalable mass production. The company was incorporated in 2011 and is based in Kempele, Finland.

TactoTek

Seed Round in 2012
TactoTek Oy designs and manufactures injection-molded 3D structural electronic solutions. The company offers structural electronics that integrate printed circuitry, printed touch controls, and discrete electronic components into 3D injection-molded plastics to produce standard equipment enabling brands to design light, thin, and durable components, including LEDs for lighting, sensors, antennae, circuitry, integrated circuits, and printed touch controls. It involves in the development of solutions for a range of market segments, such as Internet of Things; automotive solutions, including electric vehicles; wearable technology; and scalable mass production. The company was incorporated in 2011 and is based in Kempele, Finland.

TactoTek

Seed Round in 2011
TactoTek Oy designs and manufactures injection-molded 3D structural electronic solutions. The company offers structural electronics that integrate printed circuitry, printed touch controls, and discrete electronic components into 3D injection-molded plastics to produce standard equipment enabling brands to design light, thin, and durable components, including LEDs for lighting, sensors, antennae, circuitry, integrated circuits, and printed touch controls. It involves in the development of solutions for a range of market segments, such as Internet of Things; automotive solutions, including electric vehicles; wearable technology; and scalable mass production. The company was incorporated in 2011 and is based in Kempele, Finland.

MediSapiens

Seed Round in 2010
MediSapiens is the world’s first software company for personalized cancer medicine in oncology clinics and new drug development. Company’s bioinformatics science and peer-reviewed data is based on the research since 2005 by VTT, Technical Research Centre of Finland and its collaborators. Company's online genomics data enables scientists to understand the role of human genes in health and disease – helping oncologists in choosing optimal treatments and biopharmaceutical companies in developing next generation personalized medicines.