Aboa Venture Management

Aboa Venture Management Oy is a venture capital firm located in Turku, Finland, established in 1994. The company focuses on investing in small and medium-sized enterprises across various sectors, including business-to-business services, healthcare, software as a service, manufacturing, life sciences, education technology, technology media and telecommunications, and industrial sectors. By concentrating on Finnish enterprises, Aboa aims to support and foster the growth of innovative businesses within the local economy.

Heikki Tuomaala

President and CEO

51 past transactions

Teijo-Talot

Venture Round in 2017
Teijo-Talot manufactures high-quality premises for commercial and public sectors. We deliver, for example, social care, educational and business premises, as well as production facilities. The buildings are manufactured indoors in stable state-of-the-art factory conditions and they adhere to strict quality, environmental and health criteria. All premises are delivered completely ready, including electricity, plumbing and interior decorations. Our customers value our short delivery times and our turnkey solutions. Our prices are competitive and fixed, as are our delivery times. SUSTAINABLE AND ECO-FRIENDLY We value energy efficiency and sustainability in our business. We manufactured the first kindergarten in Finland that received the Nordic Swan Ecolabel. Our customers feel that the quality of indoor air, the safety of used materials and care for the environment are very important aspects of constructing different premises. OUR SERVICE We offer turnkey solutions from design to implementation, from groundworks to assembly on site. We take care of the whole project for you! Our unique operation model and revolutionary production concept save your time and money. The earlier in the planning stage you contact us, the more you gain. We have four production facilities around Finland that will respond to your needs quickly. With our help, it is easy to make decisions on new premises.

Headai

Seed Round in 2016
Headai Ltd. specializes in the development of software robots that automate a range of intellectual tasks for businesses. Founded in 2015 and based in Pori, Finland, the company provides a cloud service featuring teachable robots that can assist with everyday operations, corporate learning, and content discovery tailored to individual interests. Utilizing advanced algorithms that incorporate natural language processing and self-organized learning, Headai's technology enables clients to uncover insights from large datasets and recognize previously hidden connections. The software robots are designed to be interactive and adaptable, allowing organizations to streamline repetitive processes and improve efficiency in their operations.

Baltic Tank

Private Equity Round in 2016
Baltic Tank Oy is a logistics company based in Turku, Finland, specializing in the storage and handling of bulk liquids. Established in 1993, the company offers a range of services, including storage for various liquids such as caustic soda, sulphuric acid, hydrogen peroxide, bitumen, and biofuels, among others. In addition to storage, Baltic Tank provides railway freight forwarding and customs clearance services, ensuring a comprehensive logistical solution for its clients. The company operates strategically located terminals in Finland and Estonia, utilizing advanced technology to deliver high-quality and cost-effective services tailored to the needs of its customers.

Rauma Marine Constructions

Private Equity Round in 2015
Rauma Marine Constructions Oy is a Finnish shipbuilding company established in 2014, specializing in the construction and maintenance of various vessels, including multi-purpose car and passenger ferries, icebreakers, coastguard ships, research vessels, offshore service and construction vessels, and naval combat vessels. As the only domestically owned shipbuilding company of its size in Finland, Rauma Marine Constructions focuses on delivering customized solutions for commercial, governmental, and research clients. The company also provides a range of lifecycle maintenance services, including dry-docking, upgrades, conversions, and repairs, ensuring that vessels meet the highest international standards. Operating from Rauma, Finland, the company collaborates with a skilled partner network to enhance its capabilities in shipbuilding.

Uudenkaupungin Työvene

Acquisition in 2015
Uudenkaupungin Työvene (Uki Workboat) has extensive experience in designing and building boats and vessels for professional use. We deliver tailor-made turn key projects on time and to cost . Our over 220 deliveries have provided the company with knowledge of how to design and build vessels for demanding professional purposes. We know both aluminium and steel materials. Key personnel with decades of experience in shipbuilding and project management and good production facilities ensure that our customers receive a quality product.

Turun Biovoima

Seed Round in 2012
Turun Biovoima is a provider of waste disposal services.

Kantolan Paalutus

Private Equity Round in 2012
Kantola Piling Ltd executes punching, steel and drilling rigs in all kinds of locations around Finland. We have a modern fleet of skilled personnel and we are offering the customer a comprehensive pile work with measurements and breaks with professional skill.

Loimaan Kivi

Private Equity Round in 2011
Loimaan Kivi Oy is a Finnish company specializing in the production of gravestones, construction stones, and decorative stones. Based in Loimaa, the company upholds the traditions of Finland's stone industry through a commitment to sustainable production and innovative product development. As one of the leading granite refiners in the country, Loimaan Kivi offers a diverse range of stone products available through its retail locations and resellers. The company provides tailored construction solutions, including both product deliveries and turn-key projects, assisting clients in selecting the right stone and planning stone structures. Additionally, Loimaan Kivi has experience collaborating with prominent sculptors, enabling the production of unique stone sculptures. The company's extensive collection and professional staff support a comprehensive design program for various stone applications, catering to both interior design and environmental construction needs.

Framecomp

Venture Round in 2010
Framecomp Oy is a manufacturer specializing in aluminum-framed glass products tailored for various industries, including automotive, public transport, and machinery. Established in 1990, the company leverages over 30 years of experience to design and produce a range of products such as sliding windows, turnover windows, lift glasses, and ventilation hinges. Their offerings are particularly suited for demanding environments, serving vehicles like buses, trams, and trains, as well as commercial vehicles and elevators. With a workforce of around 30 employees, Framecomp emphasizes quality and safety, ensuring that their products meet the rigorous standards required for mass transport and other applications.

Tribeflame

Private Equity Round in 2010
Tribeflame Oy, established in 2009 and based in Turku, Finland, specializes in developing games for tablet-based devices. The company was a pioneer in the tablet gaming industry, anticipating the rise of tablets as effective gaming platforms. Tribeflame has released over a dozen games, achieving significant success across various platforms, including Android, iOS, and Windows Phone. Among its notable titles is Benji Bananas, which has garnered over 70 million downloads, highlighting its widespread popularity. Other offerings include Keltis Oracle, a multiplayer board game for iPad, and Racecar, a top-down racing game. As of February 2018, Tribeflame operates as a subsidiary of Animoca Brands Corporation Limited.

Adpap Ltd

Seed Round in 2009
Adpap Ltd is a chemical, raw material and additive process EXPERT AROUND THE WORLD. Adpap provides chemical handling processes, systems, equipment and expert services for process industries worldwide. Adpap combines engineering, manufacturing, project management, commissioning and customer service to a functional entity. Our customers operate in pulp and paper, chemical, fertilizer, mining and other process industries.

Navix

Private Equity Round in 2008
Navix Oy is a Finnish company based in Paimio that specializes in designing, engineering, and manufacturing electronic components for the boat building industry in Europe. Founded in 2001, its product offerings include control panels, consoles, acrylic products, cable harnesses, shore power products, laminate floors, and various plastic components. The company also provides industrial design and electrical engineering services, catering to a diverse clientele ranging from small motor yachts to larger sailing boats and utility vehicles. By delivering customized solutions, Navix Oy aims to streamline processes for its customers and reduce the number of suppliers they need, ultimately enhancing operational efficiency in the marine sector.

WM-Plast

Private Equity Round in 2008
WM-Plast manufactures plastic injections designed to offer reliable technical plastic parts. Its products are prepared by using plastic injection molding techniques helping in product design, mold design, and mold manufacturing.

Purvac

Private Equity Round in 2007
Purvac Ltd is a subcontractor that offers you wide-ranging opportunities for manufacturing seats, interior parts, different types of coverings and furniture, among others. Manufacturing technologies include thermoforming, polyurethane foam molding in various shapes, assembly, sewing and upholstery, and of course, all process engineering and tool manufacturing. Our production is located in Lahti and Estonia Rakvere. Freedom of expression, softness and a finishing touch with over 20 years of experience.

Vaadin

Seed Round in 2006
Vaadin specializes in providing modern web components and developer productivity tools for creating enterprise web applications with Java backends. Its offerings include the Vaadin Framework, which simplifies the development of HTML5-based user interfaces by eliminating the complexities associated with programming web and communication layers. Additionally, Vaadin Elements, built on Google Polymer, offer reusable web components for front-end developers. The company supports its open-source core products with commercial add-ons, tools, and services. With a user base of over 150,000 developers, Vaadin Framework is recognized as a leading web framework for business applications on the Java platform, widely adopted by major enterprises and public organizations globally.

Termoline

Acquisition in 2006
Termoline is specialises in the transport of refrigerated goods, including the transport of flowers.

Termoline

Private Equity Round in 2006
Termoline is specialises in the transport of refrigerated goods, including the transport of flowers.

QuatRx Pharmaceuticals

Series D in 2005
QuatRx Pharmaceuticals is a biopharmaceutical company focused on the discovery, licensing, development, and commercialization of therapeutic compounds targeting endocrine, metabolic, and cardiovascular conditions. Founded in 2000 and headquartered in Ann Arbor, Michigan, the company offers products such as Osphena, which addresses vaginal atrophy associated with estrogen deficiency in post-menopausal women. Additionally, QuatRx develops treatments for testosterone deficiency and other related conditions in men. Through its innovative approach, the company aims to improve patient outcomes in these therapeutic areas.

Neoxen Systems

Venture Round in 2004
Neoxen Systems is a Finnish software services company that specializes in designing and developing solutions for information and communication technology process improvement. Founded in 2002 and headquartered in Turku, Finland, with an additional office in Helsinki, the company offers products such as the Neoxen QX Framework, a development platform for creating system software components and distributed business applications, as well as Neoxen Modus, which enhances product development and quality assurance processes. Neoxen also provides open-source tools for Windows-Linux professionals and a range of professional services, including IT consulting, software engineering, quality assurance, and staffing solutions. As a long-term Microsoft Gold Partner, Neoxen is recognized for its expertise in cloud technologies, particularly Windows Azure and Office 365. The company collaborates with various research centers and technology providers, ensuring it remains at the forefront of innovation in the industry.

Khimaira

Venture Round in 2004
Khimaira specializes in the manufacturing of seating and upholstery for various industries, including automotive, rail traffic, military vehicles, and marine applications. The company produces a range of products, such as bus seats, motor vehicle seats, boat seats, and specialized seating solutions. Khimaira is committed to meeting the highest quality standards required by both the industry and end users.

Mamec

Venture Round in 2004
Mamec Oy, established in 1951 and located in Lohja, Finland, specializes in the development, manufacturing, and marketing of special pumps and industrial agitators. The company focuses on vertical long frame and dry installation pumps, as well as industrial mixers and container agitators. With a factory spanning 5,000 square meters, Mamec Oy leverages its skilled personnel and modern machinery to provide reliable service and high-quality products to its customers.

KINE Robot Solutions

Private Equity Round in 2004
KINE Robot Solutions specializes in the design and development of robotic systems tailored for industrial applications globally. The company creates customized solutions that streamline various industrial processes, utilizing advanced three-dimensional simulations that incorporate components such as grippers, conveyors, tools, machines, and sensor systems. These systems can be seamlessly integrated into existing environments and are operated via a user-friendly touchscreen interface. In addition to system design, KINE also offers maintenance services and training programs to ensure effective use of the robots, providing clients with cost-effective alternatives for enhancing production efficiency and ensuring timely upkeep.

Mepu Oy

Venture Round in 2003
Mepu Oy, founded in 1952 and based in Pöytyä, Finland, specializes in the design and manufacture of grain handling equipment. The company offers a diverse range of products, including mobile and stationary dryers, bins, grain transfers, sorters, and heat sources. Mepu Oy serves a broad customer base through a network of dealers across several European countries, including Sweden, Norway, and Poland, among others. Renowned for its quality and innovation, the company emphasizes research and development to enhance its offerings, ensuring high customer satisfaction. Mepu Oy operates under strict quality and environmental management systems, adhering to standards that govern production efficiency, safety, and sustainability. In 2016, it became a subsidiary of Arskametalli Oy, further strengthening its market presence.

Evirta Oy

Private Equity Round in 2003
Evirta Oy provides warning and building monitoring security systems.

NV-Thermotrans

Venture Round in 2002
NV-Thermotrans is a transportation company based in Harjavalta, Finland, specializing in temperature-controlled and standard transport services. The company operates between Finland and mainland Europe, with a primary focus on the Benelux countries. It offers services for both piece goods and full loads, emphasizing speed and personalized operations to meet the specific needs of its clients.

Sanako

Private Equity Round in 2001
Sanako provides cross-curricular technology products and consulting to the education and corporate sector. It is is associated with integrated ICT multimedia platforms and specializes in multimedia language labs. Sanako was launched in September 2003 to unite existing brands Tandberg Educational, Teleste and Divace.

Sanako

Private Equity Round in 2001
Sanako provides cross-curricular technology products and consulting to the education and corporate sector. It is is associated with integrated ICT multimedia platforms and specializes in multimedia language labs. Sanako was launched in September 2003 to unite existing brands Tandberg Educational, Teleste and Divace.

Uudenkaupungin Rautavalimo

Private Equity Round in 2001
Uudenkaupungin Rautavalimo Oy, established in 1950, operates an iron foundry in Uusikaupunki, Finland. The company specializes in manufacturing and supplying single castings, prototypes, and small series of cast iron products. In addition to its core foundry services, Uudenkaupungin Rautavalimo offers painting, machining, and sub-assembly services to enhance its product offerings. The company is committed to providing fast and flexible production solutions, ensuring high-quality outputs at competitive prices through its efficient management of logistics and subcontracting. By maintaining a robust network of co-founders and engineers in Asia, Uudenkaupungin Rautavalimo effectively supports its customers with a streamlined and cost-effective component procurement process.

Juvantia Pharma

Venture Round in 2000
Juvantia Pharma is discovers and develops pharmaceutical products for neurological and cardiovascular disorders. The company focuses on small molecule pharmaceuticals active on G-protein coupled receptors.

Bitboys Oy

Venture Round in 2000
Bitboys Oy is a hardware development and licensing company based in Finland, founded in 1991 and acquired by ATI Technologies for up to US$44M on May 2, 2006.[1] Until the acquisition, Bitboys had focused on mobile phone gaming, and had developed a large vector graphics-related portfolio

Nisamest

Private Equity Round in 2000
Nisamest specializes in designing, developing, and installing integrated software solutions for Enterprise Resource Planning (ERP) and Enterprise Asset Management (EAM). The company offers a comprehensive suite of applications that facilitate financial management, material management, production control, and project management. By providing tailored software solutions, Nisamest aims to enhance operational efficiency and streamline business processes for its clients.

Mino-Tuote

Private Equity Round in 2000
Mino-Tuote Oy is a printing and serial printing business with a focus on difficult tasks. They also do shape-cutting and machining.

Steerprop

Seed Round in 2000
Steerprop Ltd. specializes in the engineering and production of azimuth propulsion systems for the maritime industry. With decades of experience, the company focuses on creating customized azimuth propulsors designed for a variety of large marine vessels, ensuring exceptional quality and longevity. Utilizing advanced 3D-design software and sophisticated calculation methods, Steerprop combines proven technology with innovative solutions to meet the demanding requirements of its clients. Through a global network of agents and partners, the company supplies its products to the worldwide maritime market, reinforcing its position as a leader in azimuth propulsion technology.

Nybrok Oy

Venture Round in 2000
Nybrok Oy is an international transport company based in Uusikaupunki, Finland, founded in 1972. It specializes in transportation services for a diverse range of goods, including lumber, log houses, automotive components, hygiene products, and various groupage shipments. The company operates a modern fleet that includes hauling trucks, mega trailers, and roadtrains, enabling it to meet demanding transport needs efficiently. Nybrok Oy serves a broad customer base across Europe, including countries such as Austria, Benelux, Germany, France, Italy, Scandinavia, Switzerland, Slovakia, the Czech Republic, and Finland. The company's experienced personnel are dedicated to providing reliable and timely delivery, ensuring customer satisfaction through effective communication and service.

MIOS e-Solutions

Private Equity Round in 2000
MIOS e-Solutions provides provision of Internet consultancy services.

Bio-Nobile Oy

Private Equity Round in 1999
The QuickPick™™technology from Bio-Nobile offers tangible improvements over conventional purification technologies both in manual applications and in higher throughput automatic solutions.Bio-Nobile supplies a complete solution for nucleic acid and protein purification by providing QuicPick™ magnetic tools and MagRo™ robotic workstation together with QuickPick™ reagents and consumables.

Finn Lamex

Private Equity Round in 1999
Finn Lamex is a manufacturer of top-quality laminated windscreens specifically designed for commercial vehicles and off-road machinery, with a particular focus on buses and coaches. The company produces laminated safety glass that meets the demanding requirements of its clients, offering custom shapes tailored to their specific needs. Finn Lamex also engages in after-market sales, providing products to bus manufacturers and wholesalers. Its windscreens are prominently featured on iconic vehicles, such as the red double-decker buses in London, highlighting the company's commitment to quality and safety in the transportation sector.

Novatreat

Seed Round in 1998
Novatreat is a biotechnology firm, specializes in developing and producing novel immune milk products for the treatment of antibiotic-associated hospital infections.

Neorem Magnets

Venture Round in 1997
Neorem Magnets specializes in the production of sintered NdFeB magnets and magnet assemblies, catering primarily to large electric motors and generators, with a strong emphasis on renewable energy applications. The company is recognized for its extensive experience in manufacturing large and complex magnets, as well as magnet pole elements. Its products are utilized in a variety of applications, including servo and linear motors, mobile equipment, and sensor technologies. Neorem Magnets employs highly automated processes to ensure high-quality production of both large and small magnets, including axial flux machine magnets.

Dinolift

Venture Round in 1997
Dinolift Oy is a Finnish company that manufactures and sells high-quality DINO MEWPs for different applications, mainly to the rental business, but also to end users. DINO MEWPs allow you to work above ground safely and effectively, while offering an enjoyable user experience from the ground up. DINO lifts have been sold to more than 40 countries around the world, with exports accounting for 85% of production. The company’s main markets are in the Nordic countries and Northern Europe. Dinolift Oy is constantly seeking to develop its product range by introducing new lift types and improving existing models in line with customer and market feedback. Recent DINO product launches include the multipurpose boom lift DINO 220XSE with a 350 kg basket capacity, telehandler functionality and optional outriggers, and the battery operated bestseller DINO 120TB in 2016. There is also the new and improved DINO 280RXT – a lightweight boom lift with outriggers, reaching 28 m up and a maximum of 16 m sideways with a total weight below 5 tonnes.

Nereus

Venture Round in 1997
Nereus specializes in the development, design, marketing, and installation of floor-heating systems that primarily utilize water as a heat source, while also offering models compatible with alternative energy sources like geothermal and solar. Established in Finland since the 1980s, Nereus has earned a reputation for quality and reliability among industry professionals, making it a leading provider in the building technology sector. The company focuses on underfloor heating solutions tailored for small house renovations, as well as for apartment buildings and commercial spaces. Nereus has successfully delivered its heating solutions to over 25,000 households, ensuring comfort and efficiency in home heating. Its products are now part of Uponor Finland's product range, further solidifying its position in the industry.

Biotie Therapies

Private Equity Round in 1996
Biotie Therapies Corp. is a biopharmaceutical company headquartered in Turku, Finland, specializing in the development of therapeutics for central nervous system disorders and inflammatory diseases. The company is known for its innovative drug candidates, including Selincro (nalmefene), which targets alcohol dependence, and Tozadenant (SYN115), an adenosine A2a receptor antagonist currently in Phase III clinical trials for Parkinson’s disease. Other notable products include SYN120, a dual antagonist of the 5-HT6 and 5-HT2A receptors, which has completed Phase I clinical studies, and BTT1023, a human monoclonal antibody in Phase II trials for primary sclerosing cholangitis. Biotie's focus is on addressing conditions with high unmet medical needs, such as addiction and various inflammatory diseases, thereby offering significant market potential. As of 2016, Biotie operates as a subsidiary of Acorda Therapeutics, Inc.

Hydrovoima

Private Equity Round in 1996
Hydrovoima is a designer, manufacturer and distributor of machinery that is used in the industrial baking sector.

PIA-Engineering

Private Equity Round in 1996
PIA-Engineering is concerned with the design and manufacturing of moving, rolling, lifting and sliding appliances.

JL Levytekniikka

Private Equity Round in 1994
JL Levytekniikka are a contract manufacturer of sheet metal parts and assemblies in Turku. Since 1996, JL Levytekniikka Oy has observed the ISO 9001 quality manual in practice, which has also been audited through the action of several collaborating partners on an annual basis.

Audico Systems

Private Equity Round in 1994
Audico Systems AB is an electronics manufacturing company that offers high-quality audiovisual solutions. Audico Systems AB 's goal is always to find the best solution for customers' wishes and needs, and to be a long-term, reliable partner through the planning process, in support and maintenance.
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