Fiberdom is a company that specializes in the development of sustainable materials derived from wood fibers. They focus on creating plastic-free solutions, particularly in the realm of compostable cutlery designed for food service and take-away applications. Fiberdom's products are fully recyclable and comply with European regulations, catering to environmentally conscious consumers. The company's innovation lies in transforming wood fibers into high-performance materials, contributing to sustainability efforts across various industries. By creating eco-friendly alternatives, Fiberdom plays a significant role in the materials innovation sector.
SparkReceipt
Venture Round in 2025
SparkReceipt is a technology company that specializes in AI-driven financial management solutions for small businesses, entrepreneurs, and freelancers. Its core product is an AI-powered document management platform that automates and simplifies expense and income tracking. The platform extracts data from receipts and invoices, categorizes expenses and income, integrates with email for e-receipts, supports multiple languages and currencies, provides real-time profit and loss monitoring, and facilitates team collaboration. This enables users to efficiently manage their financial records and streamline their bookkeeping processes.
Solar Foods Ltd., founded in 2017 and based in Lappeenranta, Finland, is a food-tech startup focused on producing sustainable protein alternatives through innovative technology. The company specializes in a process that utilizes electricity to generate hydrogen, which is then combined with carbon dioxide, water, vitamins, and minerals to cultivate microbial biomass. This biomass is transformed into Solein, a nutritious single-cell protein that serves as an alternative to animal-derived proteins. Solar Foods' method relies on elements from the air, such as CO2 and nitrogen, and is independent of traditional agricultural practices, making it resilient to climate variations. By employing gas fermentation, Solar Foods aims to provide a sustainable solution for food production that addresses the growing demand for nutritious food ingredients and plant-based meat alternatives.
TheStorage
Seed Round in 2025
TheStorage is a company specializing in sustainable, grid-scale energy storage solutions. It offers a unique system capable of discharging heat, steam, or combined heat and power (CHP), providing emission-free and cost-efficient energy for various markets and industrial applications. The system enables simultaneous charging and discharging, facilitating access to green energy services and supporting the transition to renewable energy production.
StemSight
Seed Round in 2025
StemSight is a Tampere, Finland-based cell therapy startup focused on developing innovative treatments for blindness. The company has created an off-the-shelf cell therapy platform that utilizes induced pluripotent stem cells (iPSCs) and biomaterials. Its initial target is to provide a first-in-class therapy for limbal stem cell deficiency, a rare condition leading to corneal blindness. StemSight aims to expand its offerings over time to address more common forms of corneal blindness, ultimately enabling patients suffering from these conditions to regain their vision.
Aalto University
Grant in 2025
Aalto University is a multidisciplinary institution located primarily in Greater Helsinki, Finland, formed through the merger of three prestigious universities: the Helsinki University of Technology, the Helsinki School of Economics, and the University of Art and Design Helsinki. Established to foster innovation, Aalto University encompasses six renowned schools, offering education and research across science, business, arts, and design. With over 19,000 students and 5,000 staff members, it stands as Finland's third-largest university. The institution emphasizes a collaborative approach to education, integrating technological and artistic disciplines to address contemporary challenges. It features advanced research facilities, including those for neuroimaging and nano-materials, and actively contributes to societal development through research initiatives. Aalto University is committed to high-quality education, producing numerous graduates at various academic levels while maintaining strong connections with international research networks and promoting the societal relevance of its findings.
Nitro Games is a mobile game developer and publisher specializing in free-to-play strategy games. With over a decade of experience, the company focuses on creating high-quality gaming experiences for mid-core users on tablets and smartphones. Nitro Games is committed to delivering polished and engaging gameplay, aiming to provide players with the best possible strategy gaming experience. Its portfolio includes notable titles such as East India Company, Commander: Conquest of the Americas, Pirates of Black Cove, and Raids of Glory, showcasing its expertise in the strategy genre.
Liquid Sun
Seed Round in 2024
Liquid Sun is a new breed of green tech that converts CO2 into fossil-free fuels. Liquid Sun is at the forefront of transforming fossil fuel-free chemicals and green energy solutions because a fossil fuel-free future is essential and it eliminates the need for fossil fuels to keep our planet breathing.
Grafintec Oy is a Finnish company focused on developing and utilizing carbon technology to produce graphite. Graphite is an essential material in many industries, particularly in energy storage, electronics, and battery technologies, due to its unique properties such as high conductivity, heat resistance, and stability.
Happy Plant Protein
Grant in 2024
Happy Plant Protein is a food technology company specializing in plant protein production. It has developed a unique, single-step extrusion process that converts regular flour into high-quality protein and starch texturates, using minimal water and vegetable oil. This innovative method eliminates the need for complex fractionation, enabling local, cost-effective, and scalable production of plant-based ingredients. The company's technology addresses the growing demand for sustainable food solutions, offering a more efficient and environmentally friendly production process with reduced energy use and minimal processing steps.
PrecisionPhage
Seed Round in 2024
PrecisionPhage, based in Jyvaskyla, Finland, is a biotechnology company focused on bacteriophage technologies. It provides an online phage genome analysis tool and services including bioinformatic analyses, bacteriophage licensing, and laboratory services. These offerings enable healthcare firms to perform genome assembly, analysis, and comparison, as well as facilitate drug development research.
Serres provides fluid management, surgical suction system, supply chain management, and medical devices services.
Spinnova Ltd. is a Finnish textile manufacturer established in 2014 and headquartered in Jyväskylä. The company specializes in developing innovative fiber yarn technology that enables the production of textile fibers directly from wood and various types of waste, including leather and agricultural residues. Spinnova's approach prioritizes sustainability by eliminating the use of harmful chemicals in the manufacturing process, thereby aiming to revolutionize the global textile industry. Through its advanced technology, Spinnova seeks to provide eco-friendly alternatives for textile production, aligning with the growing demand for sustainable practices in fashion and textiles.
Moncyte Health is a personalized medicine company focused on advancing the treatment and prevention of cardiovascular disease, particularly high cholesterol. The company has developed patented technology that enables a cellular mechanism analysis test designed to identify patients who may not respond effectively to traditional statin treatments. This innovative approach allows healthcare providers to make informed, data-driven decisions tailored to individual patient needs, ultimately aiming to enhance treatment outcomes in the management of high cholesterol.
Fepod
Debt Financing in 2024
Fepod is a healthcare technology company that specializes in developing an electrochemical analysis tool designed to accurately measure the blood concentration of medications such as paracetamol and opioids. The company's innovative solution features mass-producible, disposable sampling sensors that are compatible with an affordable and portable analytical device, which can be connected to a standard smartphone. This technology aims to enhance patient care by providing healthcare professionals with the means to make quick and informed decisions regarding medication management, ultimately facilitating improved and personalized treatment for patients.
QMill is a pioneering company specializing in quantum computing. It develops advanced quantum algorithms tailored for the NISQ era, aiming to deliver practical quantum advantage. The company focuses on creating solutions for complex optimization problems that classical computers struggle with, enabling businesses to enhance their data analytics, forecasting, and optimization processes.
Polku Therapeutics
Pre Seed Round in 2024
Polku Therapeutics is a therapeutics company specializing in the development of novel treatments for neurodegenerative disorders. It employs a virtual drug development model, combining cost efficiency and adaptability, to collaborate with experts globally and offer new treatment options for conditions such as Parkinson's disease and Alzheimer's.
Root Signals
Seed Round in 2024
Root Signals is a technology company that specializes in developing an AI-based platform for building, measuring, and controlling large language model (LLM) automations at scale. Its platform ensures reliable, measurable, and auditable LLM workflows, preventing hallucinations and maximizing accuracy. The company's tool enables the deployment of production-ready generative AI applications, supports continuous monitoring of LLM automation behavior in production, and helps encode human skills into AI skills.
Jobilla
Venture Round in 2024
Jobilla is a digital recruitment platform that assists employers in branding and hiring suitable candidates. By leveraging artificial intelligence and data-driven insights, Jobilla enhances recruitment campaigns, allowing companies to proactively identify and engage potential candidates who may not be actively seeking employment. The platform connects businesses with targeted hiring channels, broadening the talent pool and improving the chances of finding the right fit for job positions. Through its innovative software, Jobilla streamlines the recruitment process, facilitating a more efficient match between employers and job seekers based on qualifications and roles.
Marginum
Debt Financing in 2024
Marginum is a university-based medical technology startup focused on developing fluorescence-based tissue detection systems aimed at enhancing cancer treatment. The company leverages data-driven technologies to improve the identification of cancer cells during surgeries, ultimately facilitating better surgical performance and greater cost-effectiveness in healthcare. By collaborating closely with academic, clinical, and industrial experts, Marginum ensures that its innovative solutions are seamlessly compatible with clinical applications, advancing the field of oncology through state-of-the-art research and technology.
NADMED is a biotechnology company that specializes in measuring nicotinamide adenine dinucleotide (NAD) and its metabolites. The company has developed a unique metabolite extraction system, which is the only method capable of measuring all four types of NAD and glutathione. This technology utilizes a novel nondestructive extraction process combined with colorimetric quantification, making it suitable for a variety of research applications. NADMED's solutions have been employed in studies involving various biological samples, including cells, liver, brain, muscle, and blood from both human and animal sources. By providing measuring kits for clinical laboratories and laboratory services, NADMED aims to support medical professionals in addressing both research and clinical needs related to NAD metabolism.
Fepod is a healthcare technology company that specializes in developing an electrochemical analysis tool designed to accurately measure the blood concentration of medications such as paracetamol and opioids. The company's innovative solution features mass-producible, disposable sampling sensors that are compatible with an affordable and portable analytical device, which can be connected to a standard smartphone. This technology aims to enhance patient care by providing healthcare professionals with the means to make quick and informed decisions regarding medication management, ultimately facilitating improved and personalized treatment for patients.
Social First
Seed Round in 2024
Social First is a game development studio specializing in cross-platform social sandbox massively multiplayer online (MMO) games. The company leverages extensive industry experience to create engaging titles that foster social connections and player-driven economies. Its current game, informed by years of data and learning, emphasizes user-generated content, digital asset trading, and social gameplay. With a validated growth strategy that allows for user acquisition independent of traditional advertising methods, Social First is positioned for significant scalability. The studio's pre-alpha testing in June 2023 demonstrated strong engagement and retention metrics, indicating a promising future for the company as it aims to establish itself as a leader in the gaming industry. The team is composed of veterans with a track record of successful titles, reflecting a deep understanding of the market and player preferences.
Geopyörä is the state of the art in rock breakage characterization testing and it was developed to allow mining companies to test several samples at low cost for geometallurgical, comminution design and control applications
Basemark Oy is a technology company based in Espoo, Finland, specializing in performance measurement and augmented reality software for various industries, particularly in automotive applications. Founded in 2015, Basemark develops a suite of benchmarking tools that include Basemark ES 3.1 for graphics performance comparisons, Basemark OS II for system-level performance assessment of smartphones and tablets across multiple platforms, and Basemark X for evaluating gaming and graphics performance. Additionally, it offers Browsermark, which tests browser performance on a range of devices, and Basemark CL for measuring OpenCL implementations. In the automotive sector, Basemark provides a comprehensive suite of augmented reality development tools, enabling original equipment manufacturers and suppliers to create and deploy advanced AR applications for vehicle functions. These tools encompass features such as augmented reality navigation, head-up displays, and AI-based spatial computing, enhancing safety and performance in software-defined vehicles.
Onego Bio is a biotechnology company focused on producing animal-free egg white protein through precision fermentation. Their flagship product, Bioalbumen, offers a sustainable alternative to traditional egg proteins, boasting identical taste and nutritional profiles while providing superior functional properties and a significantly reduced environmental footprint. By employing commercially proven technology, Onego Bio meets the growing demand for stable and sustainable functional ingredients within the food industry. The company has gained recognition as a leader in innovation, winning Fast Company’s 2023 World Changing Ideas award. Additionally, Onego Bio is actively involved in the industry as a co-founder of the Precision Fermentation Alliance and Food Fermentation Europe, further establishing its commitment to advancing sustainable food solutions.
Teamspective
Grant in 2024
Teamspective is a developer of a people analytics platform focused on enhancing workplace culture and employee satisfaction. Its software-as-a-service solution provides organizations with actionable, real-time insights into employee well-being and team collaboration effectiveness. By streamlining performance evaluations, Teamspective replaces traditional 360-degree feedback methods with timely, high-quality feedback that fosters personal development. Additionally, the platform offers customizable survey capabilities, enabling businesses to assess areas such as employee engagement and team performance tailored to their specific needs. Through its innovative approach, Teamspective helps organizations identify key dynamics and potential bottlenecks, allowing human resource professionals and managers to cultivate environments that encourage retention and growth. As a result, Teamspective's clients have reported significant improvements in employee satisfaction with feedback processes.
Nanoform is an innovative company focused on developing nanoparticle-based medicines to address challenges in drug development and delivery. Committed to supporting pharmaceutical companies, Nanoform aims to facilitate the creation of life-changing therapies by providing advanced solutions that enhance the efficacy and safety of medications. With a strong emphasis on innovation, the company strives to overcome obstacles in the pharmaceutical industry, ultimately contributing to the advancement of healthcare.
Supersight
Seed Round in 2024
Supersight is a leading developer of privacy-preserving computer vision technology. Based in Finland, the company is committed to developing cutting-edge technology that ensures 100% privacy, makes everyday life easier, brings efficiency and prevents climate change.
Infine
Debt Financing in 2024
Infine is a Nordic smart tech startup specialising in sustainability management. Our flagship product, Infine Insight, is a B2B SaaS that provides sustainability intelligence and data analytics for Fast-Moving Consumer Goods (FMCG) businesses to manage product, portfolio, and business sustainability. Expanding to B2B2C, under development: Another feature with strong market demand is our automated, consumer-friendly, product-specific sustainability indicator that can be embedded in 2D product information pages or any other digital platform. By leveraging deep technology and scalability, we provide our clients with the tools they need to lead in sustainability, from risk mitigation to opportunity identification.
Linio Biotech
Grant in 2023
Linio Biotech is a biotechnology platform focused on creating innovative solutions for individuals with skin defects and aging skin. The company has developed the world's first cell-free sterile tissue product for tissue regeneration, a breakthrough resulting from over a decade of research and development. Its unique technology features a cell-free allogenic protein-rich tissue product that replicates the body's natural healing process, promoting neovascularization and the repair of soft tissue layers at injury sites. This advancement provides patients with transformative alternatives for skin regeneration and the repair of skin defects, ultimately enhancing their quality of life. Linio Biotech's dedicated international team is committed to bringing this core technology to the global market.
MedicubeX
Debt Financing in 2023
MedicubeX is a pioneering company in the field of preventive healthcare, focused on developing autonomous self-measurement and telehealth eHealth Stations. As the first advanced health kiosk in the Nordics, MedicubeX provides users with access to clinical-grade medical check-ups regardless of their location. Its eHealth Stations are designed to measure vital signs and assess risk factors, particularly concerning cardiovascular health. These stations facilitate healthcare automation, allowing users to conduct health check-ups in just a few minutes. With features such as automated umbilical venous catheter disinfection and options for privacy during remote appointments, MedicubeX aims to deliver scalable and accessible solutions for monitoring health status and enhancing preventive care.
Resistomap is a company that specializes in monitoring antibiotic resistance through data-driven laboratory services. It focuses on mitigating the spread of antibiotic resistance in the environment by offering robust monitoring tools. The company integrates expertise in molecular genetics and data science with high-throughput real-time polymerase chain reaction technology. This combination allows Resistomap to deliver comprehensive laboratory and analysis services that facilitate environmental monitoring of antibiotic resistance, aiding customers in understanding and addressing this critical public health issue.
Marginum
Debt Financing in 2023
Marginum is a university-based medical technology startup focused on developing fluorescence-based tissue detection systems aimed at enhancing cancer treatment. The company leverages data-driven technologies to improve the identification of cancer cells during surgeries, ultimately facilitating better surgical performance and greater cost-effectiveness in healthcare. By collaborating closely with academic, clinical, and industrial experts, Marginum ensures that its innovative solutions are seamlessly compatible with clinical applications, advancing the field of oncology through state-of-the-art research and technology.
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.
Boksi is a digital advertising platform that transforms the way companies acquire content by connecting them with influencers. The company provides a marketplace that analyzes the posts of micro-influencers on social media, particularly Instagram, and assesses the behavior and preferences of their followers. By leveraging this data, Boksi enables businesses to engage with authentic influencers who can create personalized content featuring their own products, resulting in a more genuine connection with consumers. This approach is not only more authentic than traditional stock photography but also offers significant cost savings, with companies realizing over 70% in savings compared to conventional photo shoots and media agencies.
Saidot is an AI governance and alignment company focused on assisting enterprises in establishing safe AI-driven operations. It offers a software-as-a-service platform that enables both public and private organizations to implement systematic AI governance. This platform helps clients create registers of their AI systems, ensuring transparency, accountability, and explainability. By providing a robust governance methodology aligned with ethical standards and regulatory requirements, Saidot supports organizations in developing and deploying trustworthy artificial intelligence solutions.
Betolar Ltd., established in 2013 and headquartered in Kannonkoski, Finland, specializes in transforming industrial waste streams from energy, mining, and forestry sectors into geopolymer concrete. The company offers a range of products including concrete mixes, soil stabilization materials, and serves clients across construction industries such as ground engineering, mining, landscaping, and building materials. Betolar's core mission is to facilitate the green transition in various industries by providing sustainable, low-carbon alternatives to traditional cement-based concrete.
SaaShop
Seed Round in 2023
SaaShop is a software marketplace that specializes in providing various Software as a Service (SaaS) solutions, including CRM software from Pipedrive and services from ActiveCampaign and Freshdesk. The company focuses on bundling these technologies with well-known platforms from Microsoft and Google, catering to the needs of business owners. By offering cloud-based software, SaaShop eliminates the need for costly installations and ensures that clients benefit from timely updates and reliable data storage without the risk of loss due to hardware failures. Additionally, SaaShop enhances the customer experience by providing a single point of contact for support and facilitating immediate changes to subscription services and billing.
Bioretec Ltd. is a Finnish medical device company that specializes in the development, manufacturing, and marketing of bioabsorbable and bioactive surgical implants. These implants are designed for use in orthopedic, trauma, and sports medicine surgeries, catering to both pediatric and adult patients. Bioretec's products are recognized for their safety and reliability and are utilized globally. The company is committed to advancing materials and products suitable for high-load-bearing clinical applications. Notable brands associated with Bioretec include RemeOs, Activa IM-N, ActivaPi, and ActivaScrew.
Statzon is a subscription-based market intelligence platform that delivers comprehensive market reports and insights from a wide range of trusted sources. It specializes in providing technology companies with reliable and up-to-date industry statistics and forecasts, allowing them to make informed, data-driven business decisions. The platform features millions of market reports, datasets, and insights across various topics and industries, all accessible in one location. Statzon is utilized by over 1,200 organizations, emphasizing its role as a valuable resource for strategic planning and analysis in the fast-paced business environment.
eMabler is a developer of an API-first platform focused on electric vehicle (EV) charging solutions. The company specializes in integrating EV charging infrastructure with various business systems, including mobile applications and payment platforms. By leveraging advanced technology, eMabler aims to provide a cost-effective approach to managing and launching EV charging services. Their platform enhances service reliability and scalability for businesses, allowing them to effectively incorporate electric vehicle charging into their existing operations. Through this integration, eMabler supports the growth of eMobility solutions, facilitating the transition to sustainable transportation.
Starcart
Debt Financing in 2023
Starcart is an e-commerce platform established in 2021 that provides customers with a diverse selection of consumer products. The company specializes in offering a wide array of electronic and gaming items, allowing users to compare prices and purchase products from multiple stores within a single shopping cart. This streamlined approach enhances the online shopping experience by enabling customers to efficiently find and acquire the items they desire.
Spinnova Ltd. is a Finnish textile manufacturer established in 2014 and headquartered in Jyväskylä. The company specializes in developing innovative fiber yarn technology that enables the production of textile fibers directly from wood and various types of waste, including leather and agricultural residues. Spinnova's approach prioritizes sustainability by eliminating the use of harmful chemicals in the manufacturing process, thereby aiming to revolutionize the global textile industry. Through its advanced technology, Spinnova seeks to provide eco-friendly alternatives for textile production, aligning with the growing demand for sustainable practices in fashion and textiles.
Front AI is a Helsinki-based company founded in 2019 that specializes in developing advanced customer service chatbots using conversational AI technology. The company focuses on automating customer service interactions for enterprises in various sectors, including finance, telecommunications, and insurance. By leveraging its innovative network-based platform, Front AI enables businesses to automate routine tasks and enhance customer engagement through AI-driven service bots. The technology is designed to understand and interact in multiple languages and dialects, allowing businesses to efficiently serve their clients without the need for human intervention.
Valosan
Funding Round in 2023
Scale your international PR into any local market. With Valosan, you connect with PR specialists in local markets and pitch your story to real journalists – without the need for big agencies!
Fixably
Seed Round in 2023
Fixably is a Finland-based software as a service (SaaS) company founded in 2015 and headquartered in Helsinki. It specializes in providing a comprehensive service management system tailored for Apple Authorized Service Providers. The software simplifies the repair service workflow by integrating all necessary tools for technicians and repair shops. This includes features for managing service orders, internal resources, monetary transactions, logistics, and customer communications, while ensuring compliance with Apple’s requirements. By combining practical repair expertise with robust software solutions, Fixably enhances operational efficiency for its clients in the repair industry.
Fepod is a healthcare technology company that specializes in developing an electrochemical analysis tool designed to accurately measure the blood concentration of medications such as paracetamol and opioids. The company's innovative solution features mass-producible, disposable sampling sensors that are compatible with an affordable and portable analytical device, which can be connected to a standard smartphone. This technology aims to enhance patient care by providing healthcare professionals with the means to make quick and informed decisions regarding medication management, ultimately facilitating improved and personalized treatment for patients.
Vensum Power, established in 2018 and headquartered in Espoo, Finland, specializes in developing power conversion technologies. The company provides innovative solutions for various applications, including electric vehicles, AC drives, grid-connected solar inverters, data center power, and grid management. Vensum's technologies aim to enhance power conversion efficiency, enabling manufacturers to improve product performance, reduce energy losses, and accelerate implementation.
Vensum
Debt Financing in 2023
Vensum Power, established in 2018 and headquartered in Espoo, Finland, specializes in developing power conversion technologies. The company provides innovative solutions for various applications, including electric vehicles, AC drives, grid-connected solar inverters, data center power, and grid management. Vensum's technologies aim to enhance power conversion efficiency, enabling manufacturers to improve product performance, reduce energy losses, and accelerate implementation.
Edudata.io is a developer of education analytics software that focuses on data privacy and compliance for educational institutions. Its platform allows students to understand the processing of their personal data while offering schools a solution to streamline their data management processes. By providing learning analytics as a service, Edudata.io equips education providers with data models, templates, and tools to connect, transform, and visualize data in real-time, all within a single platform. The company's solutions are designed to comply with various legal frameworks, including UN and EU regulations, ensuring that educational entities can manage data protection effectively while maintaining a secure learning environment.
Doublepoint
Seed Round in 2023
Doublepoint is a technology company focused on creating advanced touch interface solutions. It specializes in developing devices and software that virtualize natural human movement, utilizing AI-driven, biometrics-based technology. This innovation enables precise and responsive digital representations of human hands, allowing for accurate typing, rich gestural interactions, and the ability to perform complex tasks such as playing musical instruments. Doublepoint's technology caters to various industries, particularly in augmented and virtual computing platforms, enhancing creativity and interaction through intuitive and versatile touch-based experiences.
Pethotel
Seed Round in 2023
Pethotel is a marketplace for pet sitting services that allows pet owners to find a suitable pet hotel.
Origin by Ocean
Debt Financing in 2023
Origin by Ocean, established in 2019, is a Finland-based company specializing in the biorefining of algae. The company employs a patented process to extract valuable bio-based chemicals from harvested invasive algae and sustainably farmed seaweed. These organic, algae-derived products serve as alternatives to conventional chemical ingredients across various sectors, including food and beverage, cosmetics, hygiene, and textiles. Origin by Ocean's innovative approach not only provides sustainable ingredients for its clients but also addresses the environmental challenge of ocean eutrophication by harvesting excess nutrients. Furthermore, the company supports coastal entrepreneurs by fostering livelihoods in the regions where it operates, starting with initiatives in the Baltic Sea and the Caribbean.
Virta is a company that specializes in managing electric vehicle charging services on various scales, providing a comprehensive solution for both charging networks and businesses. Its offerings encompass the entire value chain, connecting electric vehicle drivers, charging points, and the energy system to facilitate seamless charging experiences. By utilizing a user-friendly mobile application or tag, clients can easily identify and access charging stations. Virta aims to enhance the adoption of electric mobility by delivering high-quality charging services that meet the needs of users while also helping real estate and other businesses differentiate themselves in the market.
Quanscient is a developer of multiphysics simulation software that leverages cloud and quantum computing technologies to enhance simulation capabilities. Its innovative Computer Aided Engineering (CAE) platform combines advanced cloud-native multiphysics solvers and future quantum integration, allowing for a significant increase in simulation throughput. This technology enables engineers to conduct fully digital research and development processes, effectively addressing complex challenges across various industries, including fusion energy, advanced semiconductors, biomedical, automotive, and aerospace. By facilitating rapid and sustainable hardware development through digital prototypes and simulations, Quanscient aims to revolutionize the way complex simulations are performed, ultimately improving efficiency and outcomes in engineering projects.
Ponsse Oyj is a company that manufactures, sells and maintains cut-to-length forest machinery.
Fepod
Debt Financing in 2023
Fepod is a healthcare technology company that specializes in developing an electrochemical analysis tool designed to accurately measure the blood concentration of medications such as paracetamol and opioids. The company's innovative solution features mass-producible, disposable sampling sensors that are compatible with an affordable and portable analytical device, which can be connected to a standard smartphone. This technology aims to enhance patient care by providing healthcare professionals with the means to make quick and informed decisions regarding medication management, ultimately facilitating improved and personalized treatment for patients.
Fiberwood
Seed Round in 2023
Fiberwood is a manufacturer of eco-friendly wood fiber insulation boards, specializing in sustainable and ecological solutions for construction and packaging. Leveraging foam-forming technology, Fiberwood produces circular, fossil-free insulation and packaging materials using forestry by-products and natural fibers. The company's products serve as environmentally friendly, recyclable alternatives to traditional mineral wool insulation and cellular plastic packaging, promoting resource efficiency and sustainability. With excellent insulating properties and a commitment to eliminating plastic and fossil-based materials, Fiberwood strives to support sustainable building practices and reduce the environmental impact of packaging solutions.
Statzon
Debt Financing in 2022
Statzon is a subscription-based market intelligence platform that delivers comprehensive market reports and insights from a wide range of trusted sources. It specializes in providing technology companies with reliable and up-to-date industry statistics and forecasts, allowing them to make informed, data-driven business decisions. The platform features millions of market reports, datasets, and insights across various topics and industries, all accessible in one location. Statzon is utilized by over 1,200 organizations, emphasizing its role as a valuable resource for strategic planning and analysis in the fast-paced business environment.
VTT Ventures
Grant in 2022
VTT Ventures Ltd, established in 2010, is the venture capital arm of VTT Technical Research Centre of Finland, a state-owned, leading European research institution. Based in Espoo, Finland, the firm specializes in early-stage investments, focusing on pre-seed, seed, and start-up phases, as well as spin-offs. VTT Ventures invests across various sectors, including imaging and optics, IoT and electronics, life science, materials and manufacturing, sensing and diagnostics, software, and ICT. It uses straight equity and convertible debt financing instruments, typically investing between EUR 0.11 million and EUR 0.6 million per transaction. The firm seeks minority stakes up to 25% in companies with revenue up to EUR 1 million and enterprise value between EUR 2 million and EUR 5 million. VTT Ventures aims to be an active owner, taking up a Board seat, and seeks to exit its investments within five years. It prefers to invest from its balance sheet and focuses on Finland-based companies with international growth potential.
Aris4autism
Debt Financing in 2022
Aris4Autism specializes in developing online platforms for autism intervention. The company provides evidence-based digital solutions and expert guidance to support autistic children's progress towards independence and happiness, while also assisting their parents in the process.
Makea Games
Pre Seed Round in 2022
Makea Games is a game studio focused on developing a multiplayer, multiplatform universe that emphasizes user-generated content. The studio provides tools that empower players to create their own games and content, requiring only a game controller and no prior coding knowledge. This innovative approach aims to foster collaboration between the studio and its players, resulting in a virtually limitless variety of experiences and gameplay options. By enabling gaming enthusiasts to generate new levels and game worlds easily, Makea Games seeks to continuously enhance the gaming experience and keep players engaged with fresh content.
Alinor
Pre Seed Round in 2022
Alinor is a technology company that specializes in automating procurement compliance. Its platform streamlines purchasing processes, ensuring all transactions adhere to correct policies, stay within budget, have appropriate approvals, and involve suitable suppliers. By leveraging artificial intelligence, Alinor's solution automates steps from approvals to fulfillment, providing a user-friendly B2C-like experience for buyers and a seamless process for suppliers. The company focuses on digitizing and ensuring compliance in small procurements, defined by specific value thresholds, such as €60,000 for goods and services and €150,000 for construction works.
Spinnova Ltd. is a Finnish textile manufacturer established in 2014 and headquartered in Jyväskylä. The company specializes in developing innovative fiber yarn technology that enables the production of textile fibers directly from wood and various types of waste, including leather and agricultural residues. Spinnova's approach prioritizes sustainability by eliminating the use of harmful chemicals in the manufacturing process, thereby aiming to revolutionize the global textile industry. Through its advanced technology, Spinnova seeks to provide eco-friendly alternatives for textile production, aligning with the growing demand for sustainable practices in fashion and textiles.
Front AI
Convertible Note in 2022
Front AI is a Helsinki-based company founded in 2019 that specializes in developing advanced customer service chatbots using conversational AI technology. The company focuses on automating customer service interactions for enterprises in various sectors, including finance, telecommunications, and insurance. By leveraging its innovative network-based platform, Front AI enables businesses to automate routine tasks and enhance customer engagement through AI-driven service bots. The technology is designed to understand and interact in multiple languages and dialects, allowing businesses to efficiently serve their clients without the need for human intervention.
Onego Bio is a biotechnology company focused on producing animal-free egg white protein through precision fermentation. Their flagship product, Bioalbumen, offers a sustainable alternative to traditional egg proteins, boasting identical taste and nutritional profiles while providing superior functional properties and a significantly reduced environmental footprint. By employing commercially proven technology, Onego Bio meets the growing demand for stable and sustainable functional ingredients within the food industry. The company has gained recognition as a leader in innovation, winning Fast Company’s 2023 World Changing Ideas award. Additionally, Onego Bio is actively involved in the industry as a co-founder of the Precision Fermentation Alliance and Food Fermentation Europe, further establishing its commitment to advancing sustainable food solutions.
Shoely is making online shoe shopping easy, accurate and enjoyable. Shoely uses the power of 3D technology to make it easier than ever to find your perfect fitting shoes. With a quick 3D scan of your feet using the Shoely app on any iPhone, Shoely virtually fits your feet across 10K styles at Shoely.com. Every shoe you buy is customised with Shoely’s custom insoles based on your foot topography, giving you a perfect fit and feel every time. Since launching shoe sales in 1/2023, Shoely has proven that once a customer experiences personalization, they will never buy footwear any other way. Half of customers who bought shoes in Q1 had returned to make another Shoely purchase by Q3. A third of customers have already returned twice to buy more shoes. By improving the sizing and fit of online shoe purchases. Shoely is drastically reducing returns to under 10%, a fraction of the industry standard exceeding 40%.
Kide Science
Convertible Note in 2022
Kide Science Oy is an educational service provider based in Helsinki, Finland, focused on fostering natural science learning for children aged 3 to 8 through play-based methods. Founded in 2017, the company offers a platform that equips educators and parents with story-based lesson plans and optional training, enabling them to engage children in hands-on experiments that address real-world science problems. Kide Science's research-backed pedagogical approach, developed from extensive academic work at the University of Helsinki, has successfully attracted over 1,000 preschools across 30 countries. The company also launched a teacher platform in October 2021, which has garnered free trial users from over 100 countries and reaches more than 1 million children. Additionally, Kide Science has collaborated with Sanoma to produce a book series and partnered with DreamWorks Animation to create themed lesson plans based on its popular Netflix series, Gabby’s Dollhouse, further enhancing its innovative approach to early childhood education.
Taika Tech
Pre Seed Round in 2022
Taika Tech develops innovative consumer electronics aimed at creating smart homes accessible to a wider audience. The company focuses on a unique interface that interprets hand movements and locations through a smart ring. This technology allows users to control their surrounding devices intuitively, streamlining the interaction with their home environment. By prioritizing a natural user experience, Taika Tech seeks to enhance the integration of technology in everyday life.
Lygg
Debt Financing in 2022
Lygg is a smart mobility platform that aims to enhance the travel experience by providing innovative solutions for air travel. The company operates a travel platform designed to transform the flying experience by creating dynamic routing and aggregating customers' travel needs. Lygg offers private flights at prices comparable to commercial flights, leveraging smaller local airports to reduce travel time. Additionally, the platform focuses on enabling businesses to adopt emission-free travel options in the near future by utilizing electric flying technology. Through these initiatives, Lygg seeks to address the challenges of travel connectivity and promote sustainable mobility solutions.
Fepod is a healthcare technology company that specializes in developing an electrochemical analysis tool designed to accurately measure the blood concentration of medications such as paracetamol and opioids. The company's innovative solution features mass-producible, disposable sampling sensors that are compatible with an affordable and portable analytical device, which can be connected to a standard smartphone. This technology aims to enhance patient care by providing healthcare professionals with the means to make quick and informed decisions regarding medication management, ultimately facilitating improved and personalized treatment for patients.
Geopyörä is the state of the art in rock breakage characterization testing and it was developed to allow mining companies to test several samples at low cost for geometallurgical, comminution design and control applications
Nordic Umami Company
Grant in 2022
The emission-reduction benefits of shifting to plant-based eating are well documented. Yet many people are still deterred by the taste of plant-based food. Or rather, its lack of taste. Plant-based food is often missing exactly what people crave the most: umami. This is where we come in. We have developed a natural way of using food technology to create plant-based umami from plant food side products. In this way we also tackle another aspect of the food system that we believe needs to be fixed: wasting edible food.
Nextmile
Pre Seed Round in 2022
Nextmile is a community-based online service to help senior employees facing the end of their careers by preparing for a new phase of life while remaining active. Nextmile brings employers clarity and tools for the final years of a career. The service provides retirees with online content, social networks, and work opportunities during retirement.
Jobilla
Debt Financing in 2022
Jobilla is a digital recruitment platform that assists employers in branding and hiring suitable candidates. By leveraging artificial intelligence and data-driven insights, Jobilla enhances recruitment campaigns, allowing companies to proactively identify and engage potential candidates who may not be actively seeking employment. The platform connects businesses with targeted hiring channels, broadening the talent pool and improving the chances of finding the right fit for job positions. Through its innovative software, Jobilla streamlines the recruitment process, facilitating a more efficient match between employers and job seekers based on qualifications and roles.
Sniffie
Debt Financing in 2022
Sniffie is a developer of pricing automation software tailored for small and mid-sized e-commerce businesses. Its AI-supported platform enables companies to monitor competitor pricing, best-selling products, and market availability, facilitating the optimization of product pricing to enhance profitability. By leveraging machine learning, Sniffie's software allows merchants to set competitive prices based on actual demand, helping them avoid detrimental price wars and improve their margins. This solution is designed to empower e-commerce teams with the tools necessary for effective pricing strategies, making it an essential resource for businesses aiming to grow and thrive in the competitive online marketplace.
SpinDrive
Seed Round in 2022
SpinDrive specializes in the development of advanced levitation technology focused on enhancing energy efficiency and promoting oil-free solutions. The company manufactures magnetic bearing systems that are designed to minimize energy losses in machinery. These systems include a magnetic bearing sensor that accurately monitors the position of the shaft and relays this information to a magnetic bearing controller. This innovative approach allows clients to significantly improve the efficiency of their systems, reduce material consumption, and lower maintenance costs. SpinDrive’s commitment to creating customized solutions positions it as a leader in the pursuit of sustainable and efficient technology.
myPlane
Seed Round in 2022
myPlane operates a digital platform that revolutionizes the charter flight industry by streamlining the inquiry, sale, and management processes for airlines and travel agencies. The platform enables airlines to efficiently offer their excess and idle capacity for sale and rent, while also managing ad-hoc charter operations in a seamless digital environment. At the same time, it provides travel agencies with an easy way to book private charter flights in real-time, allowing them to offer customized air travel solutions to their clients. By linking aircraft supply with market demand, myPlane creates a centralized digital marketplace that enhances operational efficiency and boosts sales for both airlines and travel agencies.
The Adjacent Possible
Grant in 2021
The Adjacent Possible is an innovation studio that focuses on generating new ideas for patents, products, and companies. It serves as a cross-industry platform for open innovation, connecting global technology ecosystems to collaboratively develop intellectual property applications from diverse perspectives. By facilitating practical research ideas, The Adjacent Possible aids businesses in building, developing, and transforming their innovations. The company positions itself as a serial innovator, dedicated to creating and licensing intellectual property that can drive progress across various industries.
Pandatron
Pre Seed Round in 2021
Pandatron is a business transformation specialist, serving prominent clients such as Panasonic, Mitsubishi, and Skanska. It employs conversational AI coaching at scale, supporting thousands of employees in strategy execution, talent development, digital transformations, and cultural shifts. This approach enables personalized 1-on-1 coaching conversations, facilitating systemic issue diagnosis through collected coaching data.
Trustmary
Debt Financing in 2021
Trustmary is a digital marketing service provider focused on helping businesses enhance their conversion rates through feedback and testimonials. The company specializes in gathering customer insights and transforming them into both video and written testimonials. Additionally, Trustmary offers tools to measure customer satisfaction, including Net Promoter Score (NPS), enabling businesses to understand their performance better. By leveraging social proof and customer feedback, Trustmary assists companies in generating more leads and ultimately driving sales growth.
Rokote Laboratories
Debt Financing in 2021
Rokote Laboratories is a biotechnology company focused on developing innovative vaccines, particularly a nasal spray vaccine aimed at protecting against COVID-19. Their current product, the second-generation coronavirus vaccine FINCoVac 2.1, utilizes gene transfer technology that employs a safe adenovirus carrier to deliver a cloned DNA strand. This technology stimulates the cells in the nasopharynx to produce the spike protein of the SARS-CoV-2 virus, eliciting a robust immune response. Rokote Laboratories is committed to establishing novel vaccine technology in Finland, with an emphasis on providing strong protection against rapidly evolving variants of the coronavirus.
myPlane
Pre Seed Round in 2021
myPlane operates a digital platform that revolutionizes the charter flight industry by streamlining the inquiry, sale, and management processes for airlines and travel agencies. The platform enables airlines to efficiently offer their excess and idle capacity for sale and rent, while also managing ad-hoc charter operations in a seamless digital environment. At the same time, it provides travel agencies with an easy way to book private charter flights in real-time, allowing them to offer customized air travel solutions to their clients. By linking aircraft supply with market demand, myPlane creates a centralized digital marketplace that enhances operational efficiency and boosts sales for both airlines and travel agencies.
Front AI is a Helsinki-based company founded in 2019 that specializes in developing advanced customer service chatbots using conversational AI technology. The company focuses on automating customer service interactions for enterprises in various sectors, including finance, telecommunications, and insurance. By leveraging its innovative network-based platform, Front AI enables businesses to automate routine tasks and enhance customer engagement through AI-driven service bots. The technology is designed to understand and interact in multiple languages and dialects, allowing businesses to efficiently serve their clients without the need for human intervention.
eMabler
Seed Round in 2021
eMabler is a developer of an API-first platform focused on electric vehicle (EV) charging solutions. The company specializes in integrating EV charging infrastructure with various business systems, including mobile applications and payment platforms. By leveraging advanced technology, eMabler aims to provide a cost-effective approach to managing and launching EV charging services. Their platform enhances service reliability and scalability for businesses, allowing them to effectively incorporate electric vehicle charging into their existing operations. Through this integration, eMabler supports the growth of eMobility solutions, facilitating the transition to sustainable transportation.
Inscripta
Seed Round in 2021
Inscripta is a dictation application with AI-powered speech recognition. A company's health record system can be optimized and stored with the help of Inscripta Medical, a cutting-edge and reasonably priced solution. The solution includes a dictation app, speech recognition powered by AI, and a system for managing employees and workflows.
Lyfta is an educational platform designed to enhance teaching through immersive learning experiences. By offering a diverse range of engaging content, including interactive 360° worlds, high-quality film, and rich media articles, Lyfta enables teachers to introduce complex topics in an accessible and captivating manner. The platform supports cross-curricular education, covering subjects such as literacy, social studies, geography, and global citizenship. It also emphasizes the development of essential 21st Century skills and values, including empathy, critical thinking, and self-direction. With a subscription-based model, Lyfta provides educators with innovative resources that facilitate fun and effective lessons with minimal preparation, making it a valuable tool in modern classrooms.
eMabler
Debt Financing in 2021
eMabler is a developer of an API-first platform focused on electric vehicle (EV) charging solutions. The company specializes in integrating EV charging infrastructure with various business systems, including mobile applications and payment platforms. By leveraging advanced technology, eMabler aims to provide a cost-effective approach to managing and launching EV charging services. Their platform enhances service reliability and scalability for businesses, allowing them to effectively incorporate electric vehicle charging into their existing operations. Through this integration, eMabler supports the growth of eMobility solutions, facilitating the transition to sustainable transportation.
Surrogate.tv
Grant in 2020
Surrogate Oy, founded in 2018 and based in Espoo, Finland, specializes in developing technology for reality games and video game streaming. The company has created SurroRTG, a software platform designed to enhance the surrogate reality experience. Surrogate aims to revolutionize hardware product development by offering a no-code, plug-and-play approach that allows users to create physical products as easily as building a website. By integrating real-world physics and consequences into its gaming platform, Surrogate enables users to control and interact with real-life robotics, toys, and vehicles over the internet, providing an immersive gaming experience with high-definition, ultra-low latency video.
Boksi
Venture Round in 2020
Boksi is a digital advertising platform that transforms the way companies acquire content by connecting them with influencers. The company provides a marketplace that analyzes the posts of micro-influencers on social media, particularly Instagram, and assesses the behavior and preferences of their followers. By leveraging this data, Boksi enables businesses to engage with authentic influencers who can create personalized content featuring their own products, resulting in a more genuine connection with consumers. This approach is not only more authentic than traditional stock photography but also offers significant cost savings, with companies realizing over 70% in savings compared to conventional photo shoots and media agencies.
Solar Foods
Venture Round in 2020
Solar Foods Ltd., founded in 2017 and based in Lappeenranta, Finland, is a food-tech startup focused on producing sustainable protein alternatives through innovative technology. The company specializes in a process that utilizes electricity to generate hydrogen, which is then combined with carbon dioxide, water, vitamins, and minerals to cultivate microbial biomass. This biomass is transformed into Solein, a nutritious single-cell protein that serves as an alternative to animal-derived proteins. Solar Foods' method relies on elements from the air, such as CO2 and nitrogen, and is independent of traditional agricultural practices, making it resilient to climate variations. By employing gas fermentation, Solar Foods aims to provide a sustainable solution for food production that addresses the growing demand for nutritious food ingredients and plant-based meat alternatives.
Snappmeal
Pre Seed Round in 2020
Snappmeal is the mobile-first platform that empowers restaurants to operate mobile ordering and automate marketing and CRM tasks efficiently. Snappmeal helps restaurants game up their online ordering user experience with customers, drive online revenue, build and grow brand loyalty. The social and community features of Snappmeal help build deeper relationships among users, and between users and restaurants.
PromoRepublic
Seed Round in 2020
PromoRepublic is a technology company that specializes in providing a software-as-a-service (SaaS) platform for digital promotion and social marketing. Established in 2014 and headquartered in Kyiv, Ukraine, the company offers tools that enable users to engage and acquire customers through various promotional strategies, including contests and sweepstakes. Its platform supports publishing campaigns across multiple social media channels such as Facebook, Twitter, and Vkontakte, as well as mobile applications and standalone websites. PromoRepublic caters to a diverse clientele, including digital agencies, small and medium-sized businesses, large corporations, and retail brands, helping them enhance brand awareness and sales at the local level. The company's innovative solutions have earned recognition as a top fast-growing SaaS provider and have been featured in prominent industry publications.
Hukka AI
Seed Round in 2020
Hukka AI is a food waste management platform designed for professional kitchens, focusing on measuring, analyzing, and reducing food waste. The software provides continuous reporting and analytics based on recorded losses, allowing restaurants to optimize their order quantities and achieve significant reductions in waste. By weighing and logging waste into Hukka's cloud-based tracking system, establishments can typically reduce waste value by 25-45% within a few months, directly benefiting their bottom line by lowering food costs. The platform also enables diners to track their contribution to food waste and offers insights into customer satisfaction, which can inform service development. Overall, Hukka AI leverages machine learning technology to streamline operations and enhance profitability for restaurants while promoting sustainability.
Unikie is a software development company that specializes in creating tailored software solutions for the automotive, telecom, mobile, and machine industries. The company focuses on delivering demanding software applications and services, including application development, embedded development, system integration, and test automation. By incorporating unique partnerships into clients' key projects, Unikie ensures that they provide highly skilled software development experts to meet specific project requirements. This approach enables clients to effectively build their projects and deliver customized applications to their customers.
Redkik is a global Insurtech company focused on revolutionizing the insurance landscape for the logistics and transportation sectors. The company's platform streamlines the insurance process by eliminating the need for complex, annual policies. Instead, Redkik provides an embedded integration with licensed cargo insurance providers, allowing transport intermediaries to offer customized, on-demand cargo insurance at the moment their freight is booked. This innovative approach enables clients in the logistics and transportation industry to receive tailored and competitive per-shipment insurance quotes instantly. With a team passionate about technology and innovation, Redkik leverages expertise in risk management, machine learning, and software development to enhance the insurance experience for all stakeholders involved.
TILT Biotherapeutics
Grant in 2020
TILT Biotherapeutics Ltd is a preclinical stage biotechnology company based in Helsinki, Finland, specializing in the development of genetically modified oncolytic viruses to enhance T-cell therapies for cancer treatment. Established in 2013, the company focuses on utilizing its patented technology to improve tumor-infiltrating lymphocyte (TIL) and chimeric antigen receptor (CAR-T) therapies, as well as checkpoint inhibiting antibody treatments. TILT Biotherapeutics is advancing products such as TILT-123, TILT-234, and TILT-321, which aim to modify the tumor microenvironment and boost immune responses against cancer. The company's innovative approach holds promise for achieving effective results in treating solid tumors, paralleling the successes seen in hematological tumors.
TILT Biotherapeutics
Venture Round in 2020
TILT Biotherapeutics Ltd is a preclinical stage biotechnology company based in Helsinki, Finland, specializing in the development of genetically modified oncolytic viruses to enhance T-cell therapies for cancer treatment. Established in 2013, the company focuses on utilizing its patented technology to improve tumor-infiltrating lymphocyte (TIL) and chimeric antigen receptor (CAR-T) therapies, as well as checkpoint inhibiting antibody treatments. TILT Biotherapeutics is advancing products such as TILT-123, TILT-234, and TILT-321, which aim to modify the tumor microenvironment and boost immune responses against cancer. The company's innovative approach holds promise for achieving effective results in treating solid tumors, paralleling the successes seen in hematological tumors.
Faron Pharmaceuticals
Post in 2020
Faron Pharmaceuticals Oy is a clinical-stage biopharmaceutical company based in Turku, Finland, focused on developing novel treatments for medical conditions with significant unmet needs. The company has a diverse pipeline that addresses acute trauma, cancer, and inflammatory diseases. Its lead product, Traumakine, is an investigational intravenous formulation of interferon beta-1a, currently undergoing Phase III clinical trials for treating acute respiratory distress syndrome (ARDS). Another key candidate, Clevegen, is an immunotherapy designed to prevent tumor growth and metastasis by targeting immune suppressor molecules in tumors, and is in Phase I/II development. Additionally, Faron is developing D-ARDS, a diagnostic tool aimed at assessing ARDS severity and monitoring outcomes. The company collaborates with the MediCity unit of Turku University Medical School to enhance its research and development efforts. Founded in 2003, Faron Pharmaceuticals is committed to advancing innovative solutions in healthcare.