Business Finland

Established in 2018, Business Finland is a Finnish government agency dedicated to promoting innovation, internationalization, and tourism. It facilitates funding for research communities, industries, and service sectors, fostering technological, service-related, design, business, and social innovations. The agency connects global buyers with relevant contacts and assists investors with investment opportunities in Finland's key industries.

Kari Komulainen

Senior Director, Grants

Past deals in Scandinavia

Solar Foods

Grant in 2025
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.

StemSight

Seed Round in 2025
StemSight is a Finnish biotechnology company developing innovative cell therapies for treating blindness. Its proprietary platform uses induced pluripotent stem cells (iPSCs) and biomaterials, initially targeting rare diseases like limbal stem cell deficiency, with plans to expand to major corneal blindness conditions.

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.

Grafintec

Grant in 2024
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.

Spinnova

Post in 2024
Spinnova is a technology company that develops processes to produce textile fiber directly from wood fibre or waste without the use of harmful chemicals. It offers technology deliveries and services to enable sustainable textile production and aims to transform the global textile industry. Founded in 2014 and based in Jyväskylä, Finland.

Basemark

Series B in 2024
Basemark specializes in developing augmented reality software for enhanced driver awareness and safety. It offers tools to avoid occlusion, prevent motion sickness, and support multiple in-vehicle displays, enabling automotive manufacturers to create practical AR applications.

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.

Betolar

Grant in 2023
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.

Bioretec

Grant in 2023
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.

Spinnova

Grant in 2023
Spinnova is a technology company that develops processes to produce textile fiber directly from wood fibre or waste without the use of harmful chemicals. It offers technology deliveries and services to enable sustainable textile production and aims to transform the global textile industry. Founded in 2014 and based in Jyväskylä, Finland.

Front AI

Grant in 2023
Founded in 2019, Front AI specializes in developing customer service chatbots for finance, telecommunications, and insurance sectors. Based in Helsinki, Finland, the company uses advanced AI technology to automate customer service interactions.

Fixably

Seed Round in 2023
Fixably is a Finland-based software as a service company that provides an after-sales service management platform for repair shops, with a focus on Apple Authorized Service Providers. The platform integrates tools to perform and track repairs, manage internal resources and workflows, handle transactions, oversee logistics, and automate customer communications while aligning with Apple requirements. Founded in 2015 and headquartered in Helsinki, Fixably aims to streamline day-to-day device repair operations by combining hands-on repair expertise with software development and support capabilities. The solution helps technicians and service teams improve efficiency and coordination across service orders, resources, and customer interaction.

Origin by Ocean

Debt Financing in 2023
Founded in Finland in 2019, Origin by Ocean is a biorefining company that transforms invasive algae and farmed seaweed into valuable bio-based chemicals. Their patented process enables the production of sustainable ingredients for various industries such as food & beverage, cosmetics, and textiles. By harnessing marine biomass, they help reduce excess nutrients in oceans while creating livelihood opportunities for coastal entrepreneurs.

VTT Ventures

Grant in 2022
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.

Spinnova

Grant in 2022
Spinnova is a technology company that develops processes to produce textile fiber directly from wood fibre or waste without the use of harmful chemicals. It offers technology deliveries and services to enable sustainable textile production and aims to transform the global textile industry. Founded in 2014 and based in Jyväskylä, Finland.

Front AI

Convertible Note in 2022
Founded in 2019, Front AI specializes in developing customer service chatbots for finance, telecommunications, and insurance sectors. Based in Helsinki, Finland, the company uses advanced AI technology to automate customer service interactions.

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.

Rokote Laboratories

Debt Financing in 2021
Rokote Laboratories specializes in developing innovative vaccines using gene transfer technology. Their flagship product is a nasal spray vaccine designed to protect against COVID-19 by triggering an immune response through the production of viral proteins in nasopharyngeal cells.

Front AI

Grant in 2021
Founded in 2019, Front AI specializes in developing customer service chatbots for finance, telecommunications, and insurance sectors. Based in Helsinki, Finland, the company uses advanced AI technology to automate customer service interactions.

Solar Foods

Venture Round in 2020
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.

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.

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.

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.

Superplus Games

Venture Round in 2020
Superplus Games Oy is a Helsinki-based company founded in 2015 that specializes in the development and commercialization of casual multiplayer games for mobile platforms. The company has achieved significant success with its flagship game, Hills of Steel, which has garnered over 50 million downloads and received recognition as an Editors’ Choice on Google Play. Unlike many developers who focus on competitive genres such as real-time strategy, role-playing, and first-person shooters, Superplus Games aims to introduce playful competition within the casual gaming sector. The company's mission is to create engaging games that players will enjoy for extended periods, and it employs a data-driven approach to inform its development decisions and strategies.

QuietOn Oy

Seed Round in 2020
QuietOn Ltd., founded in 2015 in Kempele, Finland by former Nokia engineers, specializes in the development and production of electronic earplugs that incorporate active noise cancellation technology. The company targets various markets including industrial safety, wellbeing, and travel, aiming to enhance user experiences by minimizing disruptive sounds such as snoring and background noise. After successful prototyping and customer testing, QuietOn launched an Indiegogo campaign that raised nearly 1 million USD, marking it as one of Finland's most successful crowdfunding efforts. Their products combine active noise cancellation with passive noise reduction to effectively reduce low-frequency sounds like airplane engine hum and traffic noise, thereby improving sleep quality and overall comfort. QuietOn's offerings are available for purchase online.

Front AI

Grant in 2020
Founded in 2019, Front AI specializes in developing customer service chatbots for finance, telecommunications, and insurance sectors. Based in Helsinki, Finland, the company uses advanced AI technology to automate customer service interactions.

Keliber

Grant in 2020
Keliber Oy is a Finnish mining company based in Kaustinen, focused on the exploration and development of lithium-rich spodumene pegmatite deposits in Central Ostrobothnia. The company engages in lithium exploration and mining, as well as the production of high-purity lithium carbonate. By identifying and developing these valuable mineral resources, Keliber aims to contribute to the growing demand for lithium in various industries, particularly in battery manufacturing.

LoupeDeck

Debt Financing in 2020
Loupedeck Ltd is a Finnish company founded in 2016, specializing in the design and manufacture of customized editing consoles aimed at enhancing the user experience in photo, video, audio editing, and live streaming. The company’s products are designed to streamline workflows for both professional and amateur creators, facilitating a more ergonomic and creative editing process. By focusing on intuitive design, Loupedeck aims to eliminate barriers between creative vision and execution, allowing users to edit more efficiently and effectively. Its consoles are marketed through various retailers and distributors across the globe, reflecting the company's commitment to improving the craft of digital content creation.

Valo Therapeutics

Debt Financing in 2020
Valo Therapeutics is an immunotherapy company focused on developing antigen-coated oncolytic viruses as therapeutic vaccines for cancer treatment. Founded in 2016 and based in Oxford, United Kingdom, with an additional office in Helsinki, Finland, the company utilizes its innovative Valo Tx platform, which includes PeptiCRAd, an engineered human oncolytic adenovirus. This platform is designed to induce systemic anti-tumor T cell responses by transforming oncolytic adenoviruses into targeted, tissue-specific cancer vaccines without requiring the production of multiple genetically modified viruses. Valo Therapeutics is also advancing other neoantigen strategies, including PeptiENV, in collaboration with Professor Vincenzo Cerullo from the University of Helsinki, to enhance therapeutic responses against various cancer types.

Mobidiag

Debt Financing in 2020
Mobidiag is a Finnish-French biotechnology company specializing in the development and marketing of molecular diagnostic solutions aimed at detecting gastrointestinal infections, antimicrobial resistance, healthcare-associated infections, respiratory infections, and sepsis. The company utilizes established technologies such as real-time polymerase chain reaction (qPCR) and microarray to create a wide array of diagnostic tests and automated platforms. These solutions are designed to be fast, reliable, and cost-effective, catering to laboratories of various sizes. Mobidiag's offerings enable the detection of a majority of clinically relevant pathogens, including bacteria, parasites, and viruses, as well as important markers for antibiotic resistance, thereby enhancing diagnostic capabilities in hospitals, laboratories, and clinics.

Next Games

Grant in 2019
Next Games, established in 2013 and based in Helsinki, Finland, is a developer of free-to-play mobile games. The company specializes in creating visually impressive and engaging games based on popular entertainment franchises, such as movies, TV series, or books. Their priority is to deliver a compelling and easy gameplay experience, combining captivating stories with innovative game mechanics to serve global markets.

LoupeDeck

Debt Financing in 2019
Loupedeck Ltd is a Finnish company founded in 2016, specializing in the design and manufacture of customized editing consoles aimed at enhancing the user experience in photo, video, audio editing, and live streaming. The company’s products are designed to streamline workflows for both professional and amateur creators, facilitating a more ergonomic and creative editing process. By focusing on intuitive design, Loupedeck aims to eliminate barriers between creative vision and execution, allowing users to edit more efficiently and effectively. Its consoles are marketed through various retailers and distributors across the globe, reflecting the company's commitment to improving the craft of digital content creation.

Headai

Grant in 2019
Headai Ltd. is a Finnish company founded in 2015 that specializes in developing software robots designed to automate intellectual tasks across various business operations. The company offers teachable robots as a cloud service, enabling organizations to streamline repetitive processes and enhance efficiency. Headai's technology combines natural language processing, reinforcement learning, and insights from cognitive sciences to create interactive and reliable bots that can learn quickly and adapt to user needs. Additionally, Headai provides tools for discovering relevant content and accessing information tailored to individual interests, thereby supporting corporate learning and decision-making. By leveraging its proprietary algorithms, Headai helps clients uncover valuable insights from large datasets, facilitating a better understanding of complex information.

LoupeDeck

Grant in 2019
Loupedeck Ltd is a Finnish company founded in 2016, specializing in the design and manufacture of customized editing consoles aimed at enhancing the user experience in photo, video, audio editing, and live streaming. The company’s products are designed to streamline workflows for both professional and amateur creators, facilitating a more ergonomic and creative editing process. By focusing on intuitive design, Loupedeck aims to eliminate barriers between creative vision and execution, allowing users to edit more efficiently and effectively. Its consoles are marketed through various retailers and distributors across the globe, reflecting the company's commitment to improving the craft of digital content creation.

Immersal

Venture Round in 2019
Immersal Ltd., based in Helsinki, Finland, specializes in augmented reality (AR) technologies, focusing on a visual positioning and mapping solution known as the Immersal AR Cloud SDK. This innovative platform enables markerless, persistent, and battery-efficient AR experiences, making it suitable for a variety of applications, including indoor navigation, product discovery, multiplayer gaming, and advertising. Immersal's technology is particularly valuable for large venues such as retail stores, exhibition centers, stadiums, and movie theaters, facilitating shared infotainment experiences. With a team of ten AR experts, Immersal aims to enhance the AR infrastructure, allowing developers to create immersive and interactive applications that blend digital and physical realities.

aito.ai

Pre Seed Round in 2019
Aito.ai, founded in 2018 and based in Helsinki, Finland, operates a predictive database designed for developers seeking rapid deployment of solutions. This innovative platform leverages existing relational datasets to generate predictions and recommendations, enabling users to validate concepts, create prototypes, and implement applications without significant upfront investment in artificial intelligence projects. Aito.ai's technology has attracted attention from both large corporations, such as IKEA, and high-growth startups, including Freska, highlighting its versatility and effectiveness in diverse business environments. The company's approach allows organizations to harness the power of data-driven insights while minimizing financial risk.

Wiview

Pre Seed Round in 2019
Witview is a company based in Tampere, Finland, that aids consumers in making informed purchasing decisions by providing insights into product reviews from across the internet. Utilizing AI-powered software, Witview aggregates and analyzes product review data, creating concise summaries that highlight overall ratings and key strengths and weaknesses of products. Its smart review platform includes a plugin that automatically searches for both consumer ratings and expert reviews, presenting this compiled information in an accessible format to enhance the online shopping experience. This service enables customers to navigate the complexities of product evaluations efficiently, helping them to choose products that best meet their needs.

Kide Science

Seed Round in 2019
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.

Revonte

Debt Financing in 2019
Revonte Ltd. is a Finnish company based in Tampere that specializes in manufacturing advanced drive systems for electronic bicycles. Established in 2016, Revonte's innovative systems include features such as automatic transmission, a flexible controller, high-capacity batteries, and a dedicated mobile application. These drive systems are designed to be customizable by retailers, allowing them to tailor the technology to meet the specific needs of their e-bikes. Revonte aims to enhance the user experience and provide better after-sale services by integrating modern technology into e-bikes, including capabilities for remote diagnostics and over-the-air updates. The company focuses on delivering competitive mobility solutions, positioning itself as a leader in the e-bike industry.

720 Degrees

Seed Round in 2019
720 Degrees Oy, founded in 2012 and headquartered in Helsinki, Finland with an additional location in New York, develops a cloud-based analytics solution for monitoring indoor environmental quality. The company's platform utilizes sensors and related software to collect and evaluate real-time data on various environmental factors such as air quality, thermal comfort, and noise pollution. Key measurements include temperature, humidity, carbon dioxide levels, volatile organic compounds, and particulate matter. 720 Degrees is committed to enhancing health and satisfaction in work environments by providing organizations with actionable insights to optimize workspace conditions, occupational health, job satisfaction, and performance.

Infinited Fiber

Grant in 2019
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.

ICEYE

Debt Financing in 2018
ICEYE is a Finnish company that operates a large synthetic aperture radar satellite constellation to provide near real-time Earth observation data. Its radar imagery works in all weather and at any time, independent of daylight, enabling monitoring and mapping for insurance, disaster response, maritime surveillance, and defense. Customers use ICEYE data to assess flood and wildfire risks, track storm impacts, monitor crops, detect oil spills, monitor sea ice and port activity, and support search-and-rescue operations and security missions. Founded in 2014 and based in Espoo, Finland, ICEYE enables decision-makers to observe areas of interest globally and rapidly respond to events with satellite imagery.

Comptek Solutions

Grant in 2018
Comptek Solutions is a Finnish developer specializing in advanced surface engineering for compound semiconductors. Its Kontrox quantum surface engineering process creates defect-free, crystalline surfaces on III-V materials, enabling higher-quality semiconductor devices used in CMOS manufacturing, radio frequency components, optoelectronics, power electronics, and concentrated photovoltaics. Founded in 2017 and based in Turku, the company also offers passivation technologies that mitigate aggressive oxidation, reducing atomic-level defects and improving device efficiency, reliability and manufacturability. Kontrox has demonstrated substantial performance gains in devices such as microLEDs, and the company provides customized services to fit diverse substrate and fabrication flows, helping clients produce more efficient, reliable, and affordable devices across optoelectronics, RF and power electronics markets.

Hostaway

Seed Round in 2018
Hostaway is a technology company that provides a cloud-based platform for property management, focusing on vacation rentals and hospitality. Its software helps managers oversee bookings, communicate with guests, and generate financial reporting, while integrating with multiple listing sites to synchronize calendars and price points across sales channels. The platform creates and manages listings across channels, enables booking approvals, and supports channel-specific pricing to optimize occupancy and revenue. Customers can use the platform to increase bookings, streamline operations, and expand their client base by reaching additional distribution channels. Founded in 2015 and headquartered in Helsinki, the company serves vacation rental operators and hospitality businesses seeking an integrated solution to manage properties, listings, and guest interactions through a centralized system.

Pole Bicycles

Grant in 2018
Pole Bicycles is a Finnish mountain bike brand. We make our bikes sustainably in Finland for an unrivaled riding experience. All our CNC-machined bikes are made in-house in our factory in Finland.

LoupeDeck

Debt Financing in 2018
Loupedeck Ltd is a Finnish company founded in 2016, specializing in the design and manufacture of customized editing consoles aimed at enhancing the user experience in photo, video, audio editing, and live streaming. The company’s products are designed to streamline workflows for both professional and amateur creators, facilitating a more ergonomic and creative editing process. By focusing on intuitive design, Loupedeck aims to eliminate barriers between creative vision and execution, allowing users to edit more efficiently and effectively. Its consoles are marketed through various retailers and distributors across the globe, reflecting the company's commitment to improving the craft of digital content creation.

Spinnova

Venture Round in 2018
Spinnova is a technology company that develops processes to produce textile fiber directly from wood fibre or waste without the use of harmful chemicals. It offers technology deliveries and services to enable sustainable textile production and aims to transform the global textile industry. Founded in 2014 and based in Jyväskylä, Finland.

Mobidiag

Debt Financing in 2018
Mobidiag is a Finnish-French biotechnology company specializing in the development and marketing of molecular diagnostic solutions aimed at detecting gastrointestinal infections, antimicrobial resistance, healthcare-associated infections, respiratory infections, and sepsis. The company utilizes established technologies such as real-time polymerase chain reaction (qPCR) and microarray to create a wide array of diagnostic tests and automated platforms. These solutions are designed to be fast, reliable, and cost-effective, catering to laboratories of various sizes. Mobidiag's offerings enable the detection of a majority of clinically relevant pathogens, including bacteria, parasites, and viruses, as well as important markers for antibiotic resistance, thereby enhancing diagnostic capabilities in hospitals, laboratories, and clinics.

Comptek Solutions

Grant in 2018
Comptek Solutions is a Finnish developer specializing in advanced surface engineering for compound semiconductors. Its Kontrox quantum surface engineering process creates defect-free, crystalline surfaces on III-V materials, enabling higher-quality semiconductor devices used in CMOS manufacturing, radio frequency components, optoelectronics, power electronics, and concentrated photovoltaics. Founded in 2017 and based in Turku, the company also offers passivation technologies that mitigate aggressive oxidation, reducing atomic-level defects and improving device efficiency, reliability and manufacturability. Kontrox has demonstrated substantial performance gains in devices such as microLEDs, and the company provides customized services to fit diverse substrate and fabrication flows, helping clients produce more efficient, reliable, and affordable devices across optoelectronics, RF and power electronics markets.

Forendo Pharma

Debt Financing in 2018
Founded in 2013, Forendo Pharma is a Finnish biopharmaceutical company specializing in drug discovery and development. It focuses on tissue-specific regulation of sex hormone effects to treat urological and gynecological conditions. Key products include Fispemifene for low testosterone symptoms in men and a 17HSD1-inhibitor for endometriosis.

LoupeDeck

Grant in 2018
Loupedeck Ltd is a Finnish company founded in 2016, specializing in the design and manufacture of customized editing consoles aimed at enhancing the user experience in photo, video, audio editing, and live streaming. The company’s products are designed to streamline workflows for both professional and amateur creators, facilitating a more ergonomic and creative editing process. By focusing on intuitive design, Loupedeck aims to eliminate barriers between creative vision and execution, allowing users to edit more efficiently and effectively. Its consoles are marketed through various retailers and distributors across the globe, reflecting the company's commitment to improving the craft of digital content creation.

Polka Dot Studio

Seed Round in 2018
Polka Dot Studio, headquartered in Helsinki, Finland, is a mobile games studio led by women. It specializes in creating free-to-play fashion and lifestyle games tailored for female audiences. The company's platform integrates real-world elements such as brands and influencers, providing an engaging and rewarding experience for players. By focusing on this underserved market, Polka Dot Studio aims to meet the high demand for new experiences among women who have significant spending potential.

Kide Science

Pre Seed Round in 2017
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.

Utopia Analytics

Venture Round in 2017
Utopia Analytics Oy, founded in 2014 and based in Helsinki, Finland, specializes in developing text analytics software that offers fully automated, real-time moderation. The company utilizes a scalable SaaS language service powered by artificial intelligence and machine learning to process, analyze, and visualize large volumes of unstructured text in any language. Its AI Moderator technology facilitates the real-time moderation of user-generated content, automatically identifying, flagging, and removing unwanted or dubious material from online discussions, social media posts, and peer-to-peer commerce platforms. With a team composed of experts in text analytics, artificial intelligence, and software development, Utopia Analytics aims to transform the management and utilization of user-generated content.

EatAndTheCity

Grant in 2017
EatAndTheCity Oy operates a restaurant discovery platform that enables users to find and book dining experiences. Based in Helsinki, Finland, with additional offices in Kerava, Tallinn, Berlin, and London, the company fosters a digital community where food enthusiasts can share reviews and curate lists of their favorite restaurants. The platform assists chefs and restaurant owners by facilitating reservations, offering gift certificates, and providing updated menu information. It also collaborates with content partners, including media companies and food bloggers, to enhance local restaurant communities through expert reviews and recommendations. Founded in 2015, EatAndTheCity aids media organizations in monetizing their content while strengthening connections with local audiences, thus creating new revenue opportunities for its partners.

Rive

Angel Round in 2017
Rive is redefining how people buy, sell, and rent homes. Rive brings simplicity to switching homes by providing liquidity to sellers and fully renovated, move-in-ready homes for buyers while providing real estate agents with a unique combination of tech tools and products to give superior service to their customers. As a result, our customers have access to everything they need for a successful real estate transaction, from cutting-edge real-time market insights to renovation services delivered by local real estate professionals who guide them at every step. ‘Rive’ means leading edge and groundbreaking, just like the idea Rive was founded on: that selling homes should be simple and stress-free. To make this a reality, the Rive platform brings together all the different solutions that you need to change your life and property. Since we started in 2017, we have grown from a local iBuyer into a team of more than 300 real estate professionals in Finland, Spain, and Poland, and expanded our offering into a full-service real estate platform that provides a range of solutions for selling, buying, renovating, and financing your home. Rive is headquartered in Helsinki and is operating in all the major cities in Finland as well as Warsaw, Poland, and Madrid and Barcelona, Spain. Rive service concept is developed by Homerun Technologies Ltd. You can find more about us: www.rivehomes.com

ICEYE

Series A in 2017
ICEYE is a Finnish company that operates a large synthetic aperture radar satellite constellation to provide near real-time Earth observation data. Its radar imagery works in all weather and at any time, independent of daylight, enabling monitoring and mapping for insurance, disaster response, maritime surveillance, and defense. Customers use ICEYE data to assess flood and wildfire risks, track storm impacts, monitor crops, detect oil spills, monitor sea ice and port activity, and support search-and-rescue operations and security missions. Founded in 2014 and based in Espoo, Finland, ICEYE enables decision-makers to observe areas of interest globally and rapidly respond to events with satellite imagery.

The Meal Planner

Seed Round in 2017
The MealPlanner is a Finnish nutritional MedTech company that develops software to support medical, fitness, well-being institutions and corporates to integrate personalized nutrition into functional Medicine.

Popit

Seed Round in 2017
Popit Ltd. is a Finnish company that specializes in the design and manufacture of innovative pill detection devices aimed at improving medication adherence. Established in 2013 and based in Espoo, Popit has developed the Popit Sense, a smart device that attaches to pill blister packs to automatically monitor and record medication consumption. This device is complemented by the Popit Sense Application, which wirelessly connects to the Popit Sense to provide real-time tracking of medication intake, along with consumption statistics and history for users. Additionally, Popit offers Popit Connect, a cloud service that analyzes medication usage efficiency to support healthcare professionals in managing patient treatment. By providing a comprehensive platform that integrates smart technology, mobile applications, and cloud services, Popit aims to enhance patient engagement and improve health outcomes through better medication management.

Comptek Solutions

Debt Financing in 2017
Comptek Solutions is a Finnish developer specializing in advanced surface engineering for compound semiconductors. Its Kontrox quantum surface engineering process creates defect-free, crystalline surfaces on III-V materials, enabling higher-quality semiconductor devices used in CMOS manufacturing, radio frequency components, optoelectronics, power electronics, and concentrated photovoltaics. Founded in 2017 and based in Turku, the company also offers passivation technologies that mitigate aggressive oxidation, reducing atomic-level defects and improving device efficiency, reliability and manufacturability. Kontrox has demonstrated substantial performance gains in devices such as microLEDs, and the company provides customized services to fit diverse substrate and fabrication flows, helping clients produce more efficient, reliable, and affordable devices across optoelectronics, RF and power electronics markets.

Connected Finland

Venture Round in 2017
Connected Finland Oy is a pioneering low power wide area Internet of Things (IoT) connectivity network operator based in Espoo, Finland. Established in 2015, the company specializes in facilitating bidirectional communication between devices while emphasizing energy efficiency. This focus enables the development of connected devices that can operate for years on standard batteries. As the first nationwide IoT operator in Finland, Connected Finland has formed a strong partnership with Sigfox, a leading provider of low power wide area IoT network technology and ecosystem.

Nuuka

Grant in 2017
Nuuka is a Finnish software company specializing in optimizing HVAC and energy systems for large building portfolios. Its SaaS platform improves indoor climate, enhances energy efficiency, reduces operational costs, and promotes sustainability for real estate owners, developers, retail chains, and cities.

B2B Pay

Non Equity Assistance in 2017
B2B Pay offers virtual bank accounts for companies that exports into Europe which collects payments domestically. Its mission is to make international business transactions as quick and as cheap as possible with complete transparency about costs. It simplifies the bureaucratic process and eliminates the need for back and forth paperwork. The partners of the company are BARCLAYS, techstars, Nordea Startup Accelerator, Nestholma Venture Accelerator, and Tekes Venture Capital. B2B Pay is a Finland-based company that was founded in 2015 by Neil Ambikar and Kasper Souren.

TILT Biotherapeutics

Seed Round in 2016
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.

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.

Koukoi Games

Venture Round in 2016
Founded in 2015 by Antti Kananen, Koukoi Games is a Finnish company specializing in the development of mobile games. It offers original high-definition and story-based games, with notable titles including 'Crashing Season'.

Norsepower

Venture Round in 2016
Norsepower Oy Ltd, founded in 2012 and based in Helsinki, Finland, is a clean technology and engineering company specializing in generating renewable wind energy for the global maritime industry. The company offers auxiliary wind propulsion systems that are low-maintenance, software-operated, and data-verified. Their flagship product, the rotor sail solution, utilizes the magnus effect to harness wind power and propel ships, thereby reducing fuel consumption and greenhouse gas emissions.

720 Degrees

Seed Round in 2016
720 Degrees Oy, founded in 2012 and headquartered in Helsinki, Finland with an additional location in New York, develops a cloud-based analytics solution for monitoring indoor environmental quality. The company's platform utilizes sensors and related software to collect and evaluate real-time data on various environmental factors such as air quality, thermal comfort, and noise pollution. Key measurements include temperature, humidity, carbon dioxide levels, volatile organic compounds, and particulate matter. 720 Degrees is committed to enhancing health and satisfaction in work environments by providing organizations with actionable insights to optimize workspace conditions, occupational health, job satisfaction, and performance.

Invesdor

Grant in 2016
Invesdor is a Northern European fintech platform founded in 2012. It connects ambitious European growth companies with investors from over 70 countries, facilitating secure and easy investment opportunities.

MaaS Global

Seed Round in 2016
MaaS Global Ltd., established in 2015 and headquartered in Helsinki, Finland, operates as a mobility-as-a-service (MaaS) provider. The company's core business involves developing an application that aggregates public and private transportation services into a single mobile platform, offering users seamless, personalized travel plans. Additionally, MaaS Global supplements its primary service with value-added offerings such as grocery and meal deliveries, further enhancing user convenience. As the world's first mobility operator, the company aims to revolutionize urban transport by providing an efficient, sustainable alternative to car ownership.

Faron Pharmaceuticals

Grant in 2015
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.

Aiforia

Seed Round in 2015
Founded in 2013 as a spin-off from the University of Helsinki's Finnish Institute for Molecular Medicine, Aiforia specializes in cloud-based microscopy and pathology. Its platform combines deep learning AI and high-performance cloud computing to provide efficient, scalable solutions for image-based diagnostics across various fields.

Ductor

Grant in 2015
Ductor is a Finnish biotechnology company focused on addressing climate change and food sustainability challenges through innovative technology. It has developed proprietary and patented methods for biologically producing ammonia and phosphates from recycled materials. This technology can be integrated into various applications, including algae farming, to enhance nutrient supply and energy production. Ductor has achieved a significant milestone by initiating industrial-scale production, with its first implementation designed to augment existing biogas facilities, thereby improving their economic viability. The company aims to provide sustainable organic fertilizers and renewable energy, supporting farmers and food producers in maintaining healthy soils and promoting ecological farming practices.

720 Degrees

Angel Round in 2014
720 Degrees Oy, founded in 2012 and headquartered in Helsinki, Finland with an additional location in New York, develops a cloud-based analytics solution for monitoring indoor environmental quality. The company's platform utilizes sensors and related software to collect and evaluate real-time data on various environmental factors such as air quality, thermal comfort, and noise pollution. Key measurements include temperature, humidity, carbon dioxide levels, volatile organic compounds, and particulate matter. 720 Degrees is committed to enhancing health and satisfaction in work environments by providing organizations with actionable insights to optimize workspace conditions, occupational health, job satisfaction, and performance.

Framery

Angel Round in 2014
Framery is a Finland-based company, founded in 2010 by Samu Hällfors, that specializes in the manufacture and development of soundproof private spaces designed for use in open-plan offices and public areas. The company produces a variety of products, including its flagship phone booths, Framery O and Framery Q. Framery O is designed for individual use, providing a quiet environment for phone calls, video conferences, and focused work, and features amenities such as a tabletop, air ventilation system, electric sockets, and LED lighting. In contrast, Framery Q accommodates two users, offering a comfortable setting for meetings, brainstorming sessions, and one-on-one conversations, complete with adjustable tables and lighting. By enhancing sound privacy, Framery's innovative solutions help improve productivity and comfort in collaborative workspaces.

Invesdor

Grant in 2014
Invesdor is a Northern European fintech platform founded in 2012. It connects ambitious European growth companies with investors from over 70 countries, facilitating secure and easy investment opportunities.

EkoRent

Grant in 2014
EkoRent is an electric car rental service founded in March 2014 by Juha Suojanen, headquartered in Espoo, Southern Finland. The company specializes in offering hourly-based rentals of fully electric vehicles, catering to both private customers and businesses. Users can conveniently rent vehicles from nearby EkoRent stations through the company's mobile application, which allows them to unlock the cars via smartphone or text message. EkoRent’s services include car rental, car sharing, and ridesharing, all designed to meet varying customer needs while promoting environmentally friendly transportation. By focusing on carbon dioxide emission-free options, EkoRent aims to help clients reduce pollution and alleviate traffic congestion.

Bonusway

Grant in 2014
Bonusway, headquartered in Helsinki, Finland, is a leading growth company specializing in cashback rewards for online shoppers. It offers consumers cash rewards and shopping inspiration, while providing eCommerce businesses with a platform to engage loyal customers and achieve marketing objectives. With a user base of over 5 million and partnerships with 8,000 eCommerce merchants globally, Bonusway operates in Russia, the Nordic countries, Central and Eastern Europe, and Turkey. In Russia, it operates under the brand Kopikot. The company's platform employs machine learning for personalized user experiences and direct cash rewards to users' bank accounts, driving sales for merchants.

CBTec Oy

Grant in 2014
CBTec Oy, founded in February 2012 by former Nokia and Meego employees, is based in Helsinki, Finland. The company focuses on democratizing education through technology with its online education platform, Eliademy. This platform serves as a learning management system that enables educators and students to create, share, and manage courses. Eliademy is designed for various users, including universities, colleges, trainers, coaches, and hobby clubs, providing them with free online classrooms. The platform allows educators to retain ownership of the course content they create and features a user-friendly interface that facilitates student engagement through discussion boards, multimedia integration, and interactive calendars. CBTec Oy aims to make education accessible to everyone, reflecting a vision inspired by the historical foundations of learning. In addition to its educational platform, the company offers software consulting, business development, IT support, and tailored solutions for building business applications.

Pole Bicycles

Grant in 2013
Pole Bicycles is a Finnish mountain bike brand. We make our bikes sustainably in Finland for an unrivaled riding experience. All our CNC-machined bikes are made in-house in our factory in Finland.

Canatu

Series B in 2013
Canatu is a Finland-based developer and manufacturer of carbon nanotube materials and related manufacturing technologies. It focuses on producing Canatu CNTs and CNT reactors for industry-transforming products and serves the semiconductor, automotive, and medical diagnostics sectors. The company provides CNT-based products and manufacturing equipment, including components used in advanced lithography and sensors, such as EUV pellicles, debris and optical filters, and film heaters that de-ice LiDAR and camera sensors to support autonomous driving. Canatu emphasizes customization and consistent CNT quality for highly engineered solutions and is exploring electrochemical sensing applications. Headquartered in Finland, it maintains sales offices in the United States, Japan, and Taiwan.

Bonusway

Grant in 2012
Bonusway, headquartered in Helsinki, Finland, is a leading growth company specializing in cashback rewards for online shoppers. It offers consumers cash rewards and shopping inspiration, while providing eCommerce businesses with a platform to engage loyal customers and achieve marketing objectives. With a user base of over 5 million and partnerships with 8,000 eCommerce merchants globally, Bonusway operates in Russia, the Nordic countries, Central and Eastern Europe, and Turkey. In Russia, it operates under the brand Kopikot. The company's platform employs machine learning for personalized user experiences and direct cash rewards to users' bank accounts, driving sales for merchants.

Canatu

Series A in 2010
Canatu is a Finland-based developer and manufacturer of carbon nanotube materials and related manufacturing technologies. It focuses on producing Canatu CNTs and CNT reactors for industry-transforming products and serves the semiconductor, automotive, and medical diagnostics sectors. The company provides CNT-based products and manufacturing equipment, including components used in advanced lithography and sensors, such as EUV pellicles, debris and optical filters, and film heaters that de-ice LiDAR and camera sensors to support autonomous driving. Canatu emphasizes customization and consistent CNT quality for highly engineered solutions and is exploring electrochemical sensing applications. Headquartered in Finland, it maintains sales offices in the United States, Japan, and Taiwan.

CurifyLabs

CurifyLabs is a Finnish healthtech company that develops 3D printing solutions for manufacturing personalized medicines in pharmacies and hospitals. Its automated on-demand manufacturing concept, the Pharma Kit, and printable pharmaceutical inks enable personalized mass customization of medicines, aiming to improve patient safety and treatment efficacy while lowering costs. The company offers a platform that automates and streamlines drug compounding and drug technology, enabling on-site 3D printing of personalized medicines in pharmacies. This approach supports sustainable manufacturing and better fitting treatments for individual patients.
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at support@teaserclub.com. Your feedback is most welcome.