Aboa Venture Management

Founded in 1994, Aboa Venture Management is a venture capital firm headquartered in Turku, Finland. It focuses on investing in small and medium-sized enterprises across various sectors including B2B, commercial products/services, healthcare, software-as-a-service (SaaS), manufacturing, life sciences, edtech, and industrials.

Heikki Tuomaala

President and CEO

Past deals in Finland

Teijo-Talot

Venture Round in 2017
Teijo-Talot specializes in manufacturing high-quality modular buildings for commercial and public sectors. Their offerings include social care facilities, educational institutions, business premises, and production facilities. Manufactured indoors under controlled conditions, these buildings adhere to stringent quality, environmental, and health standards. They are delivered fully equipped with electricity, plumbing, and interior decorations. Known for competitive pricing, fixed delivery times, and short construction periods, Teijo-Talot also prioritizes sustainability and energy efficiency.

Baltic Tank

Private Equity Round in 2016
Baltic Tank Oy is a Finnish company that specializes in providing logistics services for bulk liquids. Founded in 1993 and headquartered in Turku, the company operates terminals in both Finland and Estonia. Baltic Tank offers a range of storage services for diverse bulk liquids, including chemicals such as caustic soda and sulphuric acid, as well as oils, biofuels, and liquid food products. In addition to storage, Baltic Tank provides railway freight forwarding and customs clearance services, ensuring a comprehensive logistics solution for its clients. The company aims to deliver high-quality and cost-effective services by leveraging advanced technology and strategically located storage facilities.

Headai

Seed Round in 2016
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.

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 a diverse range of vessels. Its product offerings include multi-purpose car and passenger ferries, icebreakers, coastguard vessels, research vessels, offshore service and construction vessels, large border guard patrol vessels, and naval combat vessels. The company is notable for being the only domestically owned shipbuilding entity of its size in Finland. Rauma Marine Constructions also provides comprehensive services, including dry-docking, upgrades, conversions, and repairs, ensuring that clients receive customized solutions tailored to their specific needs. The company collaborates closely with a network of skilled partners to maintain high international construction standards.

Kantolan Paalutus

Private Equity Round in 2012
Kantolan Paalutus is a Finnish company specializing in steel piling services, executing various types of piling work across diverse locations in Finland. The company utilizes a modern fleet of equipment and skilled personnel to deliver comprehensive pile work, including concrete and steel piles, as well as hydraulic hammer services. Kantolan Paalutus ensures that all projects are carried out in accordance with client specifications, providing precise measurements and professional expertise throughout the piling process.

Loimaan Kivi

Private Equity Round in 2011
Loimaan Kivi Oy is a prominent Finnish company specializing in the production of gravestones, construction stones, and decorative stones. Based in Loimaa, Finland, Loimaan Kivi is recognized as one of the leading granite refiners in the country. The company emphasizes sustainable production methods and innovative product development while drawing on the rich traditions of Finland's stone industry. With a diverse range of products, Loimaan Kivi operates retail locations and partners with resellers to offer an extensive selection of stone options. The company provides tailored construction solutions, whether through product deliveries or complete turn-key projects, and assists clients with stone selection and design planning. Additionally, Loimaan Kivi has experience collaborating with renowned sculptors, enabling the creation of bespoke stone sculptures.

Tribeflame

Private Equity Round in 2010
Tribeflame Oy is a game development company based in Turku, Finland, established in 2009. Recognized as one of the pioneers in the tablet gaming industry, Tribeflame has created a diverse portfolio of mobile games designed for tablet-based devices, including popular titles like Benji Bananas, which has garnered over 70 million downloads. The company also offers games such as Keltis Oracle, a board game compatible with iPads that allows users to compete against the computer or friends, and Racecar, a top-down racing game for the iPad. Tribeflame has successfully launched more than a dozen games across various platforms, including Android, iOS, and Windows Phone, consistently achieving high rankings in app store charts.

Afore Oy

Private Equity Round in 2009
Afore Oy is a Finnish company based in Turku, established in 1995, that specializes in the development and production of testing devices for the micro electro mechanical systems (MEMS) industry. The company manufactures a range of products, including laser processing and welding devices, accelerometer testers, and pressure sensor testers. Afore Oy focuses on providing both standard and customized solutions to meet diverse testing requirements, catering to needs from laboratory settings to full-scale production environments. As of February 2018, Afore Oy operates as a subsidiary of AEM Holdings Ltd.

Suomen Teräspaalutus

Seed Round in 2008
Suomen Teräspaalutus Oy is a foundation reinforcement and engineering company located in Raisio, Finland. It specializes in piling, steel casting, and drilling, focusing particularly on foundation solutions in narrow spaces. The company caters to a diverse clientele that includes construction firms, private builders, housing associations, and public sector entities. With a team possessing extensive and varied experience in the field, Suomen Teräspaalutus Oy offers services such as underpinning, anchoring, and various types of foundation reinforcements. The company is committed to maintaining responsible practices and participates in a program that ensures compliance with social obligations, enhancing its reputation as a reliable partner in the construction industry.

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, it evolved from its origins in boat electronics in the early 1980s to offer a comprehensive range of products and services. Navix provides control panels, consoles, cable harnesses, acrylic products, shore power solutions, laminate floors, and various plastic components. Additionally, the company offers industrial design and electrical engineering services, catering to a diverse clientele that includes manufacturers of motor yachts, sailing boats, and utility vehicles. By delivering tailored solutions, Navix aims to streamline processes for its customers and reduce their reliance on multiple suppliers.

Neoxen Systems

Venture Round in 2004
Neoxen Systems is a privately held Finnish software services company based in Turku, with an additional office in Helsinki. Founded in 2002, it specializes in designing and developing software solutions aimed at improving information and communication technology processes. The company's offerings include the Neoxen QX Framework, a development platform for creating system software components and distributed applications for Microsoft Windows; Neoxen Modus, a methodology for product development and quality assurance; and Neoxen Qwinux, a set of open-source tools tailored for Windows-Linux professionals. Neoxen also provides a range of professional services, including IT consulting, management training, quality assurance, software engineering, and staffing solutions. As a Microsoft Gold Partner, Neoxen is recognized as a leading expert in cloud technologies such as Windows Azure and Office 365. The company collaborates with various research centers and global technology providers, reinforcing its commitment to delivering comprehensive solutions for businesses, public sector entities, and educational institutions.

Mamec

Venture Round in 2004
Mamec Oy is a manufacturer based in Lohja, Finland, specializing in the development, production, and marketing of special pumps and industrial agitators. Established in 1951, the company focuses on vertical long frame and dry installation pumps, along with industrial mixers and container agitators. Mamec Oy prides itself on its skilled personnel and modern machinery, which contribute to the reliability and quality of its products and services. The company operates from a 5,000 square meter factory, leveraging its extensive experience in the industry to meet the needs of its customers effectively.

Coreplast Laitila

Private Equity Round in 2004
Coreplast Laitila Oy is a prominent contract manufacturer in the Finnish plastics industry, specializing in a wide range of services tailored to meet the needs of various sectors, including power, electronics, telecom, sports, home appliances, and furniture. The company offers expertise in design, mold procurement, prototype development, and injection molding, along with additional capabilities such as tampo printing, laser marking, and assembly services, including those in ESD environments. Coreplast Laitila also provides logistics solutions to streamline the production and delivery processes for its clients. Based in Laitila, Finland, the company operates as a subsidiary of SP Group A/S, reinforcing its position in the market through a commitment to comprehensive service delivery from product development to finished plastic solutions.

Mepu Oy

Venture Round in 2003
Mepu Oy is a Finnish company specializing in the design and manufacture of grain handling equipment, established in 1952 and headquartered in Pöytyä, Finland. The company offers a range of products including mobile and stationary dryers, bins, grain transfers, sorters, and heat sources. Mepu Oy serves a diverse clientele through a network of dealers across several countries, including Sweden, Norway, and various Eastern European nations. Recognized as a pioneer in its field, Mepu Oy emphasizes quality and innovation, with a commitment to continuous research and development to enhance customer value. The company's production processes are automated and robotic-based, ensuring efficiency and reliability. Mepu Oy adheres to rigorous quality and environmental standards, operating under the SFS-EN ISO 9001 quality management system and other relevant certifications for safety and environmental management.

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 offers solutions for both piece goods and full loads, ensuring efficient and reliable delivery. With a strategic focus on the Benelux countries, NV-Thermotrans caters to clients seeking tailored transportation solutions between Finland and mainland Europe. The company's strengths lie in its speed and commitment to individual customer needs, making it a preferred choice for businesses requiring precise and dependable logistics services.

Uudenkaupungin Rautavalimo

Private Equity Round in 2001
Uusikaupunki Rautavalimo Oy, established in 1950, operates an iron foundry in Uusikaupunki, Finland. The company specializes in the manufacture and supply of individual castings, prototypes, and small series of cast iron products. In addition to its core foundry operations, Uudenkaupungin Rautavalimo offers value-added services, including painting, machining, and sub-assembly. The company is known for its ability to produce demanding individual pieces quickly and flexibly, leveraging a network of co-founders and engineers in Asia to enhance its capabilities. Uudenkaupungin Rautavalimo focuses on cost-efficient serial production while maintaining high-quality standards, supported by effective management of the order-delivery process, logistics, and subcontracting chains, ensuring a seamless experience for its customers in component procurement.

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

Nybrok Oy

Venture Round in 2000
Nybrok Oy is an international transportation company based in Uusikaupunki, Finland, founded in 1972. It specializes in the transport of 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 handle demanding transport needs and maximize cargo capacity. Nybrok Oy serves customers across Europe, including countries such as Austria, Benelux, Germany, France, Italy, Scandinavia, Switzerland, the Slovak Republic, the Czech Republic, and Finland. With a skilled and customer-oriented workforce, the company prioritizes timely and reliable delivery of orders, ensuring high levels of service for its clients.

Nereus

Venture Round in 1997
Nereus is a developer of floor-heating technology based in Finland, with a history dating back to the 1980s. The company specializes in designing, marketing, and installing water-based floor-heating systems, including options that utilize alternative energy sources such as geothermal and solar. Nereus primarily focuses on providing heating solutions for small residential renovations, as well as for apartment buildings and commercial properties. With a track record of delivering underfloor heating systems to over 25,000 households, Nereus has established a reputation for quality and reliability, making its products trusted by numerous industry professionals. The company's offerings are now part of Uponor Finland's product range.

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.

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, a treatment for alcohol dependence, and Tozadenant, an oral antagonist aimed at Parkinson's disease, which is currently undergoing Phase III clinical trials. Additionally, Biotie is advancing SYN120, a dual receptor antagonist that has completed early-stage clinical studies, and BTT1023, a monoclonal antibody in Phase II trials for primary sclerosing cholangitis. Biotie's focus is on addressing significant unmet medical needs in various conditions, including addiction and inflammatory diseases, thereby contributing to advancements in therapeutic options within these areas.
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