Butterfly Ventures

Butterfly Ventures, established in 2012, is a venture capital firm headquartered in Oulu, Finland, with additional offices in Helsinki and Stockholm. The company specializes in seed-stage investments, focusing on deep tech, hardware, and hardware interfacing software startups in the Nordics. Butterfly Ventures typically invests in companies at an early stage, with 80% of its portfolio companies not having any revenue at the time of investment. Since its inception, it has been one of the most active early-stage VCs in the region.

Matti Kanninen

Co-Founder and Managing Partner

Anti Kodar

Venture Partner

Liina Lehtonen

Principal

Tanya Marvin-Horowitz

Partner

83 past transactions

Polar Light Technologies

Venture Round in 2025
Polar Light Technologies is a manufacturer specializing in semiconductor-based nanostructures designed to produce high-polarized light. The company is dedicated to advancing nano and micro LED technology, facilitating innovative applications in secure communication through quantum cryptography and identification. Its nanostructures enable efficient optical interconnects and backlighting solutions, positioning Polar Light Technologies at the forefront of advancements in lighting and communication technologies.

Zenniz

Venture Round in 2025
Zenniz is an innovative company that specializes in developing a game tracking solution for tennis, approved by the International Tennis Federation. The platform provides real-time information, including automated line calling, stroke and serve speeds, shot charts, and match statistics, catering to players and coaches at all skill levels. Zenniz's application enables users to analyze and visualize data from matches and training sessions, fostering an online community for sharing results and insights. Designed to enhance performance, the solution incorporates advanced sensor technology that makes it a cost-effective option for tennis clubs, allowing them to upgrade their facilities and support players' development without significant financial burden.

Happy Plant Protein

Pre Seed Round in 2024
Happy Plant Protein is a food technology company specializing in plant protein production. It has developed a unique, single-step extrusion process that converts regular flour into high-quality protein and starch texturates, using minimal water and vegetable oil. This innovative method eliminates the need for complex fractionation, enabling local, cost-effective, and scalable production of plant-based ingredients. The company's technology addresses the growing demand for sustainable food solutions, offering a more efficient and environmentally friendly production process with reduced energy use and minimal processing steps.

Hypertype

Seed Round in 2024
Hypertype is the world's leading data integration platform for support & sales communications using AI. Brings real-time information and creates hyper-personalized responses for your customers in email and chat interfaces.

10Lines

Series A in 2024
10Lines focuses on the development of autonomous robots aimed at enhancing efficiency in the pavement marking industry, particularly for parking lot layouts. The company's innovative solutions enable striping businesses to complete their work more rapidly while reducing their environmental impact. By utilizing these advanced technologies, striping companies can significantly increase productivity, allowing them to accomplish more tasks with the same workforce. This approach not only streamlines operations but also promotes sustainability in the striping process.

RiACT

Venture Round in 2023
RiACT is a developer of robotic automation software focused on enhancing agile production systems. The company offers a universal operating system that serves as the interface between robotic hardware and intelligent robot applications. Its software features a real-time development platform, designed for both creators and users of flexible robot applications, and includes a visual drag-and-drop interface along with template-based coding. By providing these tools, RiACT enables users to maximize human potential and productivity within industrial environments.

EmbeDL

Venture Round in 2023
EmbeDL is a developer of advanced optimization software focused on enhancing artificial intelligence and deep learning models. The company offers a state-of-the-art Deep Learning Model Optimization SDK that significantly reduces energy consumption, increases execution speed, and compresses memory usage, allowing users to create efficient and effective deep learning solutions tailored for real-time applications on cost-effective hardware. By integrating proprietary algorithms with cutting-edge research innovations, EmbeDL ensures that its software maintains high accuracy and precision while optimizing performance. The company is dedicated to fostering innovation and collaborates with leading academic institutions and industry partners, creating a robust ecosystem that drives progress in embedded intelligence. Through these efforts, EmbeDL aims to transform the landscape of embedded systems and empower AI teams to develop market-leading technologies.

Retein

Venture Round in 2023
Retein is a water purification technology company focused on producing pure water at low energy costs. The firm utilizes advanced material recovery technology, specifically employing aquaporin proteins, to effectively remove pollutants such as microplastics and pharmaceutical residues from water. This innovative approach not only ensures the purification of water but also facilitates the sustainable recovery of valuable resources, promoting efficiency and cost-effectiveness for its clients. Retein aims to contribute to a resource-efficient and sustainable world through its cutting-edge solutions.

Reactional Music

Seed Round in 2023
Reactional Music is a company focused on innovating music delivery, creation, and personalization through its patented technology. The company develops mobile applications that empower musicians to compose and customize their music experiences. Its adaptive and interactive music engine can integrate various data inputs, such as motion sensors and game parameters, to generate real-time music that is perfectly synchronized in time and pitch. This technology allows for true interactive music composition across multiple digital platforms and devices, enhancing user experiences in gaming and other digital environments. By enabling artists to manipulate music of any style or genre based on diverse inputs, Reactional Music is redefining how music is created and experienced in the digital age.

Cooliblade

Seed Round in 2022
CooliBlade specializes in advanced cooling technology aimed at enhancing the efficiency of high-power electronics. The company develops innovative solutions for thermal management, particularly through its natural convection heat sinks designed for LED luminaires and electro-mechanical devices. Utilizing a liquid-vapor phase-change phenomenon within an integrated thermal channel structure, CooliBlade's products cater to diverse applications, including air conditioner drives, electric vehicle charging stations, base stations, and intelligent grids. By addressing the critical challenge of heat dissipation, CooliBlade enables users to optimize performance across various product segments where excessive heat can hinder functionality.

Intelecy

Venture Round in 2022
Intelecy, a Norwegian technology company established in 2000, specializes in industrial data analytics. It offers machine learning-driven solutions to clients worldwide, spanning various industries. The company's core expertise lies in preventing equipment breakdowns, predicting failures, enhancing production processes, and providing comprehensive operational insights. With over two decades of experience in automation, SCADA, MES, and industrial IT, Intelecy empowers businesses to optimize predictive maintenance and process efficiency.

Naava

Funding Round in 2022
Naava specializes in the development of living green wall technology aimed at enhancing indoor air quality and promoting well-being. By incorporating bioactive plants into their innovative designs, Naava creates healthy environments that combine the functions of air purifiers, humidifiers, and active green walls. This technology effectively reduces harmful chemicals and revitalizes indoor air, allowing businesses and individuals to experience the natural air-purifying benefits of nature within urban settings. Naava's mission is to reconnect people with nature, enabling them to breathe cleaner air and feel healthier in the spaces where they live, work, and learn. The company envisions a future where millions can access the refreshing qualities of Nordic forest air indoors.

Uute Scientific

Funding Round in 2022
Uute Scientific Oy is a biotechnology company based in Southern Finland, founded in 2019. The company specializes in producing health and wellness ingredients aimed at reducing immune-mediated diseases, such as diabetes and allergies. Uute Scientific offers natural extracts derived from diverse microbes found in forests and agricultural environments, which are incorporated into standard consumer products for families with young children. By providing these innovative ingredients, the company seeks to enhance immune systems and lower the risk of developing various health conditions.

SpinDrive

Series A in 2021
SpinDrive specializes in the development of advanced levitation technology focused on enhancing energy efficiency and promoting oil-free solutions. The company manufactures magnetic bearing systems that are designed to minimize energy losses in machinery. These systems include a magnetic bearing sensor that accurately monitors the position of the shaft and relays this information to a magnetic bearing controller. This innovative approach allows clients to significantly improve the efficiency of their systems, reduce material consumption, and lower maintenance costs. SpinDrive’s commitment to creating customized solutions positions it as a leader in the pursuit of sustainable and efficient technology.

Geyser Batteries

Funding Round in 2021
Geyser Batteries Oy is a Finnish company based in Vaasa, established in 2018, that specializes in the development and manufacturing of advanced high-power batteries. The company focuses on producing ultra-durable batteries capable of enduring millions of charge and discharge cycles, making them suitable for demanding applications in transportation, power grid management, and heavy machinery. Geyser Batteries utilizes a proprietary water-based electrochemistry and patent-pending technology that merges the energy storage capabilities of traditional batteries and supercapacitors, enhancing energy capacity while ensuring environmental safety throughout production, use, and disposal. Their batteries are designed for rapid charging and reliability, functioning effectively even in extreme temperatures as low as -60°C. Additionally, they are maintenance-free and fire-safe, making them an ideal choice for applications where safety and efficiency are paramount.

GBuilder

Venture Round in 2021
GBuilder Ltd., established in 2012 and based in Oulu, Finland, specializes in developing Building Information Modeling (BIM) software for construction professionals. Their platform digitizes the homebuyer's journey from initial contact to post-sales service, encompassing material options, home configuration, building process management, and defect tracking. Key features include dynamic 3D/VR visualizations, change request management, communication tools, and documentation. The company aims to enhance customer experience, improve efficiency, quality, and sustainability across the entire construction lifecycle by creating digital twins and facilitating seamless stakeholder collaboration.

Natufia

Series A in 2021
Natufia Labs PLC specializes in the design and distribution of automated hydroponic systems for growing fresh plants and herbs in households and commercial kitchens. Their product range includes kitchen garden equipment, organic and microgreens seeds, and accessories. Serving a diverse client base, from chefs and hotels to retail customers, Natufia's products are sold online. Founded in 2014 and headquartered in Tallinn, Estonia, the company combines expertise from technologists, architects, botanists, and chefs to create innovative, scalable solutions for urban food production.

Taimi.love

Seed Round in 2020
Taimi provides functional supplements to promote people's health and well-being. Taimi promotes holistic well-being awareness and the creation of a connection with nature and those close to us. Taimi's products include Immunity Blend, which comprehensively protects and renews the body and mind, Focus Blend, a holistic mind-enhancing supplement, and Sleep Blend, which promotes body and mind relaxation and supports deep and restorative sleep.

Uute Scientific

Seed Round in 2020
Uute Scientific Oy is a biotechnology company based in Southern Finland, founded in 2019. The company specializes in producing health and wellness ingredients aimed at reducing immune-mediated diseases, such as diabetes and allergies. Uute Scientific offers natural extracts derived from diverse microbes found in forests and agricultural environments, which are incorporated into standard consumer products for families with young children. By providing these innovative ingredients, the company seeks to enhance immune systems and lower the risk of developing various health conditions.

EmbeDL

Seed Round in 2020
EmbeDL is a developer of advanced optimization software focused on enhancing artificial intelligence and deep learning models. The company offers a state-of-the-art Deep Learning Model Optimization SDK that significantly reduces energy consumption, increases execution speed, and compresses memory usage, allowing users to create efficient and effective deep learning solutions tailored for real-time applications on cost-effective hardware. By integrating proprietary algorithms with cutting-edge research innovations, EmbeDL ensures that its software maintains high accuracy and precision while optimizing performance. The company is dedicated to fostering innovation and collaborates with leading academic institutions and industry partners, creating a robust ecosystem that drives progress in embedded intelligence. Through these efforts, EmbeDL aims to transform the landscape of embedded systems and empower AI teams to develop market-leading technologies.

MediTuner

Venture Round in 2020
MediTuner AB, founded in 2014 and based in Stockholm, Sweden, develops a digital solution aimed at empowering patients with asthma through its clinically validated app, AsthmaTuner. This application connects to a spirometer, allowing users to measure their asthma levels and receive personalized treatment recommendations based on international guidelines. By automating the process and providing tailored advice, AsthmaTuner not only supports patients in managing their condition more effectively but also aids caregivers in their efforts to ensure better asthma control. Through this innovative approach, MediTuner enhances the patient's ability to take control of their asthma while streamlining healthcare delivery.

3AWater

Pre Seed Round in 2020
3AWater specializes in industrial water management, focusing on preventing pollution and ensuring water quality for consumption or irrigation. They offer real-time, on-site water analysis using their portable device, which measures multiple metals simultaneously and swiftly, enabling clients to assess water conditions promptly and effectively manage water purification processes and drinking water safety.

Taika3D Oy

Pre Seed Round in 2019
Taika3D Oy specializes in 3D design automation, particularly for the orthotics and prosthetics industry. The company's platform leverages 3D scanning and intelligent machine vision to rapidly capture images and generate 3D models, facilitating the creation of custom designs with remarkable speed and consistency. This innovation addresses the challenge of producing complex custom designs efficiently, significantly reducing design time by over 95%. Additionally, Taika3D’s technology enhances production scalability, minimizes errors and returns, and supports real-time design reviews. By streamlining the design process, Taika3D empowers laboratories to harness the advantages of 3D printing for mass customization, while also preserving the expertise of their teams. The applications of their technology extend beyond orthotics and prosthetics, encompassing various sectors that require precise and modular product creation.

Revonte

Seed Round 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.

Intelecy

Seed Round in 2019
Intelecy, a Norwegian technology company established in 2000, specializes in industrial data analytics. It offers machine learning-driven solutions to clients worldwide, spanning various industries. The company's core expertise lies in preventing equipment breakdowns, predicting failures, enhancing production processes, and providing comprehensive operational insights. With over two decades of experience in automation, SCADA, MES, and industrial IT, Intelecy empowers businesses to optimize predictive maintenance and process efficiency.

XFold Imaging

Pre Seed Round in 2019
XFold Imaging is an imaging solution provider specializing in advanced microscopic imaging technologies. The company develops and manufactures customized nano-structured glass slides that enhance signal detection for biomedical imaging applications. Utilizing surface-enhanced bioimaging (SEBI) technology, these slides offer a remarkable 100-fold signal enhancement, allowing healthcare organizations to achieve super-resolution microscopy simply by incorporating XFold's slides into their existing equipment. This innovative approach enables researchers and clinicians to study cellular structures and biomolecules at unprecedented nano-scale resolutions, significantly advancing the field of biomedical imaging.

SpinDrive

Pre Seed Round in 2019
SpinDrive specializes in the development of advanced levitation technology focused on enhancing energy efficiency and promoting oil-free solutions. The company manufactures magnetic bearing systems that are designed to minimize energy losses in machinery. These systems include a magnetic bearing sensor that accurately monitors the position of the shaft and relays this information to a magnetic bearing controller. This innovative approach allows clients to significantly improve the efficiency of their systems, reduce material consumption, and lower maintenance costs. SpinDrive’s commitment to creating customized solutions positions it as a leader in the pursuit of sustainable and efficient technology.

Hypermemo

Seed Round in 2019
Hypermemo is a company specializing in innovative glass processing technology through its all-in-one GLAZER system. This advanced tool redefines traditional methods by integrating multiple operations, such as glass cutting, chamfering, smart glass surface treatment, edge deletion, marking, and engraving, into a single platform. The GLAZER system operates without the need for chips, liquids, or abrasive powders, significantly streamlining the glass processing workflow. Utilizing a high-frequency gas laser that produces short pulses, Hypermemo's technology achieves superior cutting performance compared to traditional lasers, making it a competitive alternative to mechanical processing methods. This focus on contactless and precise techniques positions Hypermemo as a transformative player in the glass processing industry, promoting efficiency and sustainability.

Revonte

Seed Round 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.

IPDx

Seed Round in 2018
Unlock the immune system

Think Outside

Venture Round in 2018
Think Outside AS is a technology startup based in Bergen, Norway, focused on developing innovative products for the outdoor and hydropower markets. Founded in 2017, the company specializes in manufacturing real-time radar avalanche remote sensing equipment. Its flagship product, Sknow, provides skiers with critical data about snow layers directly beneath their skis, including parameters such as depth, layering, and density. The devices are designed to enhance safety by enabling users to avoid avalanche risk zones and access vital information regarding snow conditions, slope gradients, and applied forces. Through its integrated software solutions, Think Outside aims to improve production planning and reduce health and safety risks in snow-covered environments.

Geyser Batteries

Pre Seed Round in 2018
Geyser Batteries Oy is a Finnish company based in Vaasa, established in 2018, that specializes in the development and manufacturing of advanced high-power batteries. The company focuses on producing ultra-durable batteries capable of enduring millions of charge and discharge cycles, making them suitable for demanding applications in transportation, power grid management, and heavy machinery. Geyser Batteries utilizes a proprietary water-based electrochemistry and patent-pending technology that merges the energy storage capabilities of traditional batteries and supercapacitors, enhancing energy capacity while ensuring environmental safety throughout production, use, and disposal. Their batteries are designed for rapid charging and reliability, functioning effectively even in extreme temperatures as low as -60°C. Additionally, they are maintenance-free and fire-safe, making them an ideal choice for applications where safety and efficiency are paramount.

Natufia

Seed Round in 2018
Natufia Labs PLC specializes in the design and distribution of automated hydroponic systems for growing fresh plants and herbs in households and commercial kitchens. Their product range includes kitchen garden equipment, organic and microgreens seeds, and accessories. Serving a diverse client base, from chefs and hotels to retail customers, Natufia's products are sold online. Founded in 2014 and headquartered in Tallinn, Estonia, the company combines expertise from technologists, architects, botanists, and chefs to create innovative, scalable solutions for urban food production.

Cerenion

Seed Round in 2018
Cerenion is a medical device company dedicated to improving outcomes for patients suffering from brain injuries resulting from medical emergencies such as strokes, cardiac arrests, and epileptic seizures. The company has developed C-Trend, a patented AI-based technology that facilitates rapid and reliable brain monitoring in hospital emergency and intensive care units. This innovative solution allows for the quick availability of EEG monitoring, enhancing patient care and enabling healthcare professionals to make informed clinical decisions. By processing complex electroencephalography data into simplified parameters, Cerenion's technology aims to improve both the quality of care and the cost-effectiveness of intensive medical treatments.

Chain Antimicrobials

Seed Round in 2017
Chain Antimicrobials Oy, based in Oulu, Finland, specializes in the design and development of antimicrobial-coated catheters aimed at preventing healthcare-associated infections (HAIs). Founded in 2017, the company offers peptide-coated catheters that specifically target and mitigate the risk of catheter-associated urinary tract infections (CAUTIs). Utilizing innovative antimicrobial peptides derived from crowberry, Chain Antimicrobials' products effectively resist bacterial and fungal infections, including strains such as E. coli and Candida spp. The company has conducted extensive in-vitro testing, yielding positive results that demonstrate the efficacy of its catheter technology in enhancing patient safety and reducing infection-related complications in healthcare settings.

Ladimo

Seed Round in 2017
LaDiMo Oy, founded in 2015 and based in Espoo, Finland, specializes in developing the Ladimo Smarter Vision technology, a real-time 3D point cloud acquisition solution. The company builds upon innovative technology initially created at Aalto University in 2012 by Jorma Palmén. By integrating photogrammetry, laser technology, and mathematical modeling, Ladimo offers a novel approach to generating high-precision point cloud data. This technology is particularly applicable in machine vision fields, including collaborative robots, industrial automation, automated guided vehicles, and various virtual, augmented, and mixed reality applications.

Surgify

Seed Round in 2017
Surgify is focused on the commercialization of an innovative technology designed for bone surgery, developed at Aalto University with support from the Finnish Funding Agency for Innovation. The company collaborates closely with the Neurosurgical Department of Helsinki University Central Hospital to ensure effective communication with clinicians. Surgify's technology aims to protect proximal soft structures during surgery, thereby minimizing complications such as bleeding, infections, and nerve injuries. This advancement not only enhances surgical safety but also aims to improve patient outcomes and quality of life by reducing suffering associated with these procedures.

Valossa

Series A in 2017
Valossa is a Finnish company established in 2015 as a university spin-off, specializing in video recognition and content intelligence software. The company offers a platform that leverages advanced AI technology to analyze video content, enabling businesses in media and entertainment to enhance productivity and derive greater value from their video assets. Valossa's software provides both SaaS and on-premise solutions, utilizing machine learning to interpret video as a human would. Its capabilities include recognizing people, objects, sounds, and inappropriate content, as well as facilitating scene-level searching and highlights extraction. The platform also supports brand monitoring and content inspection, allowing users to automate various cognitive tasks related to video production and analysis. By focusing on the "deep content" of videos, Valossa provides comprehensive tools for understanding and managing video data effectively.

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.

TVM Media

Seed Round in 2017
TVM Media's mission is to bring innovative solutions to the restaurant, bar, nightclub and hotel industry, empowering owners to serve their customers better and providing exciting and unique in-location experiences. Our first product, TVM Play, puts the power of Digital Marketing directly into the hands of venue owners - enabling them to instantly share information on their products, services, and events with their customers. Our services are based on modern technologies - they are mobile, cloud-powered and deliver amazing experience in HD and better than HD quality.

OptiWatti Oy

Venture Round in 2017
OptiWatti is an energy management system developed by Opti Automation that focuses on optimizing heating and cooling for property owners and utilities. The system is fully automated, analyzing external factors such as temperature, weather forecasts, and electricity prices through a mobile application. This capability allows property owners to achieve savings of up to 40% on heating and cooling costs while ensuring consistent indoor comfort. Additionally, OptiWatti offers advanced solutions for load management, making it beneficial for utilities as well. The system aims to minimize energy consumption and reduce overall costs for its users.

Proximi.io

Venture Round in 2017
Proximi.io is a developer of an indoor positioning platform that provides software developers with unified access to various mobile positioning technologies. The company's platform facilitates the development of location-aware applications by offering a simple interface to integrate multiple positioning technologies. Developers can utilize location data to trigger action flow chains and obtain real-time analytics on user movements within their applications. Proximi.io's solution includes native SDKs for Android and iOS, as well as a Cordova plugin, allowing for seamless integration and rapid deployment of location-aware features. This enables organizations to gain valuable insights into user behavior and enhance the context-aware content delivered to customers.

Naava

Venture Round in 2017
Naava specializes in the development of living green wall technology aimed at enhancing indoor air quality and promoting well-being. By incorporating bioactive plants into their innovative designs, Naava creates healthy environments that combine the functions of air purifiers, humidifiers, and active green walls. This technology effectively reduces harmful chemicals and revitalizes indoor air, allowing businesses and individuals to experience the natural air-purifying benefits of nature within urban settings. Naava's mission is to reconnect people with nature, enabling them to breathe cleaner air and feel healthier in the spaces where they live, work, and learn. The company envisions a future where millions can access the refreshing qualities of Nordic forest air indoors.

Augumenta

Seed Round in 2017
Augumenta, Ltd. is a company based in Oulu, Finland, specializing in interaction solutions for wearable devices. Founded in 2012, it develops software that combines hand gestures with augmented reality to facilitate innovative control of applications and devices. Augumenta's flagship product, Infinite Touch, is a toolkit designed for developers, enabling gesture interaction through 3D Time-of-Flight cameras in devices such as Microsoft HoloLens and Android smart glasses. The company's offerings are aimed at enhancing operational efficiency and safety for organizations by allowing users to monitor and control machine operations and IoT devices seamlessly. Augumenta licenses its technology to original equipment manufacturers, integrators, and developers both in Finland and internationally, with additional support hubs located in Kyoto, Japan, and Taipei, Taiwan.

Cleac

Seed Round in 2016
Cleac is a technology company that specializes in enhancing remote communication through its innovative video call platform. The platform focuses on empowering businesses by providing high-quality visual interactions, enabling professionals to better understand situations, customers, or coaching needs without the need for physical travel.

KNL Networks (Kyynel)

Series A in 2016
Since day one Kyynel Ltd has focused on advanced high frequency (HF) wireless systems. Working in the field of wireless telecommunication systems, we are utilizing the latest software defined radio and cognitive radio technologies. But we are not just another high tech company making fancy stuff for engineers. We, at Kyynel, would like you to feel the same kind of user experience as the users of the original Kyynel radio did back in the 1940’s. Back then, Kyynel was widely regarded as the most advanced HF-radio of its time – boasting not only top notch tech specs, but also an unparalleled ease of use. Stay tuned for a new revelation of HF-radio

GBuilder

Seed Round in 2016
GBuilder Ltd., established in 2012 and based in Oulu, Finland, specializes in developing Building Information Modeling (BIM) software for construction professionals. Their platform digitizes the homebuyer's journey from initial contact to post-sales service, encompassing material options, home configuration, building process management, and defect tracking. Key features include dynamic 3D/VR visualizations, change request management, communication tools, and documentation. The company aims to enhance customer experience, improve efficiency, quality, and sustainability across the entire construction lifecycle by creating digital twins and facilitating seamless stakeholder collaboration.

Profilence

Pre Seed Round in 2016
Profilence is a software company that specializes in test automation tools designed to enhance the reliability of embedded device software. Its platform automates both testing and analysis processes, capturing comprehensive data such as results, logs, crash dumps, and memory usage. By facilitating a thorough reliability analysis, Profilence allows automation engineers to quickly identify and address errors and bugs, thereby minimizing the risk of product returns due to undetected issues. The company's approach emphasizes the importance of efficiently resolving problems, enabling engineering teams to focus on critical tasks instead of sifting through test reports and device logs. Ultimately, Profilence aims to improve business productivity and operational efficiency for its clients through its innovative testing solutions.

Monidor Oy

Pre Seed Round in 2016
Monidor Oy is a Finnish company established in 2015 and based in Oulu. It specializes in the development of innovative electronic devices, with a focus on healthcare technology. The company's flagship product, Monidrop, is an automated infusion monitor designed for intravenous infusion therapy, enhancing the safety and efficiency of medical treatments. Through its advancements in medical technology, Monidor aims to improve patient outcomes and streamline healthcare processes.

StealthCase

Pre Seed Round in 2016
StealthCase is a developer of integrated antenna technologies focused on enhancing wireless connectivity in modern energy-efficient buildings. As society increasingly relies on wireless connections, the company addresses the challenges posed by construction materials that can obstruct mobile signals, resulting in low data rates and dropped calls. StealthCase's patented passive signal bridges are designed to be integrated into walls, effectively improving signal reception and ensuring reliable mobile connections in indoor environments. By providing solutions that enhance connectivity, StealthCase aims to meet the growing demands of households and businesses for consistent and efficient wireless communication.

Valossa

Seed Round in 2015
Valossa is a Finnish company established in 2015 as a university spin-off, specializing in video recognition and content intelligence software. The company offers a platform that leverages advanced AI technology to analyze video content, enabling businesses in media and entertainment to enhance productivity and derive greater value from their video assets. Valossa's software provides both SaaS and on-premise solutions, utilizing machine learning to interpret video as a human would. Its capabilities include recognizing people, objects, sounds, and inappropriate content, as well as facilitating scene-level searching and highlights extraction. The platform also supports brand monitoring and content inspection, allowing users to automate various cognitive tasks related to video production and analysis. By focusing on the "deep content" of videos, Valossa provides comprehensive tools for understanding and managing video data effectively.

SelQee

Seed Round in 2015
SelQee approves only reliable scientific information as a base of product development.their main goal is to simplify and re-organize scientifically proved knowledge, build it in to their applications and bring it to their customers in easy, understandable way.

Fasciawear

Pre Seed Round in 2015
Fasciawear is a patented sportswear innovation that helps maximize workout impact, level up performance, and decrease the risk of sports injuries. It offers athletic apparel that supports, balances, and guides bodies during exercise for better performance and fewer pains and aches.

Foodiac

Seed Round in 2015
Foodiac Oy, established in 2014 and headquartered in Helsinki, Finland, operates as an online marketplace connecting private chefs and high-end catering services with clients. The platform provides a software-as-a-service (SaaS) model that enables chefs and small catering businesses to develop their brands and streamline operations. By facilitating direct interactions between culinary professionals and consumers, Foodiac aims to enhance the dining experience and expand access to gourmet catering options.

Fjuul

Pre Seed Round in 2015
Fjuul is a software development company based in Helsinki, Finland, specializing in innovative solutions for mobile health and wellness. The company has developed a unique fitness tracking application that enhances users' understanding of their daily activities through a metric known as Fjuul Points. This app goes beyond conventional step or calorie counters by converting physical activity into a metabolic equivalent, providing insights into the intensity and duration of various movements. By offering feedback on how different activities impact health and fitness, Fjuul empowers individuals to adopt healthier habits and improve their overall lifestyle.

OptiWatti Oy

Seed Round in 2015
OptiWatti is an energy management system developed by Opti Automation that focuses on optimizing heating and cooling for property owners and utilities. The system is fully automated, analyzing external factors such as temperature, weather forecasts, and electricity prices through a mobile application. This capability allows property owners to achieve savings of up to 40% on heating and cooling costs while ensuring consistent indoor comfort. Additionally, OptiWatti offers advanced solutions for load management, making it beneficial for utilities as well. The system aims to minimize energy consumption and reduce overall costs for its users.

CreateTrips

Seed Round in 2015
CreateTrips is a mobile-based application that functions as a social trip planner, providing travelers and locals with essential travel resources such as guides, maps, reviews, and photos. Founded in January 2013 by Juha-Petteri Kukkonen and Juha-Petteri Kokkonen, the platform allows users to collaboratively plan trips to various destinations, enhancing the travel experience through social interaction. CreateTrips serves a diverse range of customers across multiple countries, including Barbados, Bermuda, Denmark, Estonia, New Zealand, Qatar, and Uganda, making it a versatile tool for trip organization and exploration.

CubiCasa

Seed Round in 2014
CubiCasa specializes in automating the creation of floor plans for real estate properties. Utilizing AI and camera technology, their platform efficiently generates 2D floor layouts, high-resolution images, and PDFs, which can be further edited in vector graphics software. Additionally, it produces a property fact sheet, digitizing real estate data for clients.

MoveSole

Seed Round in 2014
MoveSole Oy, founded in 2014 and based in Oulu, Finland, develops smart shoe insoles designed to measure and analyze gait and underfoot pressure in real-time. The insoles are inserted beneath traditional offloading insoles, allowing users to walk naturally while collecting data on weight distribution and gait patterns. This information is transmitted to a mobile application, enabling healthcare professionals to assess the effectiveness of offloading treatments both in clinical settings and daily life. The company was initially established as a technology development project and has since received financing from private investors, including Butterfly Ventures, as well as funding for product development from Tekes. MoveSole's innovative products aim to optimize recovery from leg injuries and enhance the overall effectiveness of patient care.

Augumenta

Seed Round in 2014
Augumenta, Ltd. is a company based in Oulu, Finland, specializing in interaction solutions for wearable devices. Founded in 2012, it develops software that combines hand gestures with augmented reality to facilitate innovative control of applications and devices. Augumenta's flagship product, Infinite Touch, is a toolkit designed for developers, enabling gesture interaction through 3D Time-of-Flight cameras in devices such as Microsoft HoloLens and Android smart glasses. The company's offerings are aimed at enhancing operational efficiency and safety for organizations by allowing users to monitor and control machine operations and IoT devices seamlessly. Augumenta licenses its technology to original equipment manufacturers, integrators, and developers both in Finland and internationally, with additional support hubs located in Kyoto, Japan, and Taipei, Taiwan.

Alpakka Media

Seed Round in 2014
Alpakka Media Oy is a Finnish company founded in 2007, specializing in the design and creation of high-quality TV animations and internet games aimed at children. Based in Oulunsalo, the company produces a diverse range of multimedia content, including 52 animated television series, mobile games, online games, books, and various merchandise. The company's offerings are characterized by their focus on delivering enjoyable and enriching experiences for young audiences, ensuring that both the visual and narrative elements resonate with children's culture. Alpakka Media is dedicated to creating engaging content that entertains and educates, establishing a strong presence in the children's media landscape.

CadFaster

Venture Round in 2014
CadFaster is a company that specializes in developing collaboration tools tailored for the 3D CAD community. Founded in 2009, the company leverages the extensive experience of its founders in the software industry to create innovative solutions for 3D design professionals. Its flagship product, MyCadbox, serves as a comprehensive viewer and collaboration tool for 3D CAD, supporting a wide range of formats and delivering exceptional visualization performance. CadFaster's software enables users to engage in ultra-fast 3D collaboration, facilitating real-time data sharing and interaction with complex models, thereby enhancing productivity and workflow in the design process.

IoLiving

Seed Round in 2014
ioLiving's solution enables continuous measurement of the condition and real-time monitoring of the measurement results through an illustrative user interface. Measurement results can be analyzed and utilized continuously regardless of time and place. ioLiving's solution is cost-effective and enables true knowledge management and more intelligence for your business.

Asmo Solutions

Seed Round in 2014
Improving product quality is also part of the service. They establish a quality management system and manufacture and sell products with high quality technology. It can be said that it is safe and secure because it is commercialized with higher quality than the marketed hair restorer.

Sports Tracking Technologies

Seed Round in 2014
Sports Tracking Technologies Ltd. is a Finnish company founded in 2009 that specializes in developing a GPS-based fitness application known as Sports Tracker. This application transforms mobile phones into comprehensive sports tracking devices, allowing users to monitor various metrics such as calories burned, distance traveled, and average speed while engaging in physical activities like running and cycling. Users can also track their heart rate with compatible devices and store their workout data in a diary for analysis. Sports Tracker promotes a social environment by enabling users to share their workout experiences and achievements with friends through its community platform, as well as on social media channels like Facebook and Twitter. With millions of downloads across over 200 countries, Sports Tracker has established itself as a leading fitness application in the mobile market. The company operates as a subsidiary of Amer Sports Corp.

KNL Networks (Kyynel)

Seed Round in 2014
Since day one Kyynel Ltd has focused on advanced high frequency (HF) wireless systems. Working in the field of wireless telecommunication systems, we are utilizing the latest software defined radio and cognitive radio technologies. But we are not just another high tech company making fancy stuff for engineers. We, at Kyynel, would like you to feel the same kind of user experience as the users of the original Kyynel radio did back in the 1940’s. Back then, Kyynel was widely regarded as the most advanced HF-radio of its time – boasting not only top notch tech specs, but also an unparalleled ease of use. Stay tuned for a new revelation of HF-radio

Pint Please

Seed Round in 2014
Pint Please is a mobile application designed for enthusiasts of quality beer, offering a platform that allows users to track their favorite brews and discover new ones. The app emphasizes social connectivity, enabling users to share recommendations for the best beers and local pubs with friends and fellow beer drinkers. Additionally, Pint Please provides information about nearby pubs and beer shops, along with daily updates on discounts on beer products. Its aim is to enhance users' knowledge of beers and foster a community centered around sharing and enjoying quality brews.

NaturVention

Venture Round in 2014
NaturVention Enclosed Ecosystem Technologies solves global problems by combining nature and technology. We are a fast growing, venture-backed technology company. We challenge ourselves to find solutions to global problems by looking into nature, from where we have been able to find solutions for thousands of years already. We have developed patented solutions by enhancing nature’s own processes. We use the brightest technology to enhance those processes in order to create products that are easy to use and which help people to feel better by providing clean and healthy air and food.

Sapotech

Seed Round in 2014
Sapotech is an automation machinery manufacturing company specializing in metallurgical technology. The company offers products such as reveal 360, reveal tap, and reveal cast, which provide real-time visualization, monitoring, and tracking assessment of manufacturing processes. Sapotech's technology integrates unique image processing and laser technologies to inspect metal production at various temperatures. Their solutions are designed to be compact, easy to maintain, customizable, and offer a short payback time, enabling metal industries to acquire and store large amounts of production data efficiently.

Sarokal Test Systems

Seed Round in 2014
Sarokal Test Systems Oy is a Finnish company specializing in the development of protocol test systems for ASIC and FPGA verification and validation across various environments, including simulation, hardware emulation, FPGA prototyping, and post-silicon applications. Established in 2013 and based in Oulu, Sarokal offers a range of innovative products, such as radio base station protocol test systems, Ethernet and network protocol test systems, and JESD204B interface test systems. These solutions cater to high-tech applications in sectors like telecommunications, automotive, and medical equipment, enabling users, including chipset vendors and telecom operators, to develop, test, and verify their 4G and 5G network devices. The company’s Sarokal X-STEP™ products facilitate the generation, capture, and analysis of fronthaul traffic, ensuring full interoperability between devices during both research and field deployment. Additionally, Sarokal provides consulting services to enhance verification and prototyping activities, solidifying its position as a key player in the testing landscape for modern communication technologies.

ConexBird

Seed Round in 2013
Conexbird Oy is a Finland-based company that offers innovative marine freight transportation services utilizing patented technology to enhance operational efficiency within the maritime industry. The company specializes in a container and cargo inspection system that employs oscillation technology and sensors to analyze the structural integrity of shipping containers. This system provides critical data through a user-friendly interface, allowing cargo owners, insurance companies, harbors, and container depots to access valuable insights and manage cargo operations more effectively. By focusing on improving efficiency and reducing industrial emissions, Conexbird positions itself as a key service provider for various stakeholders in the maritime sector.

CadFaster

Seed Round in 2013
CadFaster is a company that specializes in developing collaboration tools tailored for the 3D CAD community. Founded in 2009, the company leverages the extensive experience of its founders in the software industry to create innovative solutions for 3D design professionals. Its flagship product, MyCadbox, serves as a comprehensive viewer and collaboration tool for 3D CAD, supporting a wide range of formats and delivering exceptional visualization performance. CadFaster's software enables users to engage in ultra-fast 3D collaboration, facilitating real-time data sharing and interaction with complex models, thereby enhancing productivity and workflow in the design process.

CreateTrips

Seed Round in 2013
CreateTrips is a mobile-based application that functions as a social trip planner, providing travelers and locals with essential travel resources such as guides, maps, reviews, and photos. Founded in January 2013 by Juha-Petteri Kukkonen and Juha-Petteri Kokkonen, the platform allows users to collaboratively plan trips to various destinations, enhancing the travel experience through social interaction. CreateTrips serves a diverse range of customers across multiple countries, including Barbados, Bermuda, Denmark, Estonia, New Zealand, Qatar, and Uganda, making it a versatile tool for trip organization and exploration.

Laturi Corporation

Seed Round in 2013
Laturi develops tools for businesses who offer corporate fitness services. Our goal is to help people adopt a healthy and active lifestyle. We believe that physical fitness is the foundation upon which a business can build a productive and profitable future. Laturi tools have a solid foundation in the latest science has to offer. To make sure we can offer the best quality products to our customers, we co-operate closely with leading research organizations. This keeps our finger on the pulse and our products reliable and up to date. To the founder of Laturi, Vesa Tornberg, one of the greatest motives for becoming entrepreneur is being able to create a good workplace. ”It’s important to me that everybody at the workplace trust each other and that there’s a good atmosphere. It’s all closely tied to the passion we feel towards our work. To everyone at Laturi being part of helping advance people’s wellness is very important.” Laturi Corporation, an innovator in the wellness business, was founded in Oulu, Finland in 2012. Laturi’s team has more than 60 years of experience in wellness technology and many have previously worked together as a team at Polar Electro.

CaddieON

Seed Round in 2013
CaddieON Inc. is a Finnish company that specializes in RFID solutions tailored for golf players, instructors, and club managers. Established in 2012 and headquartered in Oulu, the company offers a range of products designed to enhance the golfing experience. This includes CADDIEON identification tags for golf clubs and a wrist device that monitors each stroke and the clubs used during play. Additionally, CaddieON provides a mobile application that allows users to choose their course and game type, automatically scoring their rounds. The CADDIEON player portal further enhances user experience by enabling players to access their statistics and detailed graphical reports of their performance. By leveraging technology, CaddieON aims to help golfers improve their game and share their progress with others.

WhileOnTheMove

Seed Round in 2013
WhileOnTheMove Ltd. is a Finnish company based in Oulu that specializes in mobile near field communication (NFC) solutions for cities and enterprises globally. Established in 2008, the company has developed a range of products tailored to specific user needs, including Daisy for day cares and pre-schools, Lady Shopper for female customers, and Sport Shopper for active individuals. With over ten years of experience in mobile solution development, including four years focused on mobile NFC applications, WhileOnTheMove leverages a global network of NFC technology providers and mobile business experts. The company not only designs and develops its solutions but also hosts and manages them, aiming to enhance everyday life through innovative mobile technology.

Fourdeg

Seed Round in 2013
Fourdeg is a Finnish company founded in 2013, specializing in heating optimization technology for water-radiator heated buildings. Based in Esbo, the company develops systems that ensure energy savings and enhance the efficiency of district heating networks. Its technology features adaptive temperature control that improves indoor comfort while reducing heating costs through lower energy consumption. Fourdeg's solutions operate with precision at the room level, making them suitable for a wide range of buildings, including commercial, public, and residential premises. The company's experienced team, with a combined 90 years of expertise in various fields, collaborates with Aalto University to innovate in energy and control technology. Fourdeg's advanced algorithms provide high-performance diagnostics and predictive service solutions, enabling effective optimization of heating consumption and contributing to a reduced carbon footprint at individual and community levels.

MyCadbox

Venture Round in 2013
MyCadbox, from Finland’s CadFaster, is an online CAD collaboration site, like a Dropbox for CAD files. Unlike its competitors it largely shuns the Web for native desktop and mobile apps that it says affords it the ability to share and view much larger 3D models and at a higher frame rate than browser-based technologies allow. In the future, however, it has more ambitious plans to add Evernote-style search features to help unlock the huge amount of metadata potentially associated with 3D files.

CadFaster

Venture Round in 2013
CadFaster is a company that specializes in developing collaboration tools tailored for the 3D CAD community. Founded in 2009, the company leverages the extensive experience of its founders in the software industry to create innovative solutions for 3D design professionals. Its flagship product, MyCadbox, serves as a comprehensive viewer and collaboration tool for 3D CAD, supporting a wide range of formats and delivering exceptional visualization performance. CadFaster's software enables users to engage in ultra-fast 3D collaboration, facilitating real-time data sharing and interaction with complex models, thereby enhancing productivity and workflow in the design process.

MyPose

Seed Round in 2013
MyPose Ltd. is a company based in Oulu, Finland, founded in 2012, that specializes in developing interactive kiosks designed to enhance customer engagement for fashion retailers. Their fitting screen technology allows customers to take photos, which can then be shared via social media or email, providing a unique way to visualize different outfits and styles. This interactive experience not only serves as a marketing tool but also accelerates the decision-making process for consumers. Additionally, MyPose kiosks are versatile enough to be utilized at corporate events, amusement parks, and tourist attractions, where they capture memorable moments and promote brand marketing through social media sharing. By transforming customers into brand advocates, MyPose enables retailers to bolster their digital advertising efforts effectively.

FilmMe Group

Venture Round in 2013
FilmMe Group Ltd., established in 2011 and headquartered in Oulu, Finland, specializes in designing and developing automatic video camera systems. These systems, such as the Personal Cameraman, are designed to follow and record users without the need for a camera operator. The company offers its products for various applications, including sports and performing arts, and sells related accessories like wristbands and broadcast units. FilmMe's products are available through a network of distributors in Finland and internationally. The company's business model is scalable, with options for users to purchase additional digital features, such as HD video quality and live streaming, for their personal wristbands.

CadFaster

Seed Round in 2011
CadFaster is a company that specializes in developing collaboration tools tailored for the 3D CAD community. Founded in 2009, the company leverages the extensive experience of its founders in the software industry to create innovative solutions for 3D design professionals. Its flagship product, MyCadbox, serves as a comprehensive viewer and collaboration tool for 3D CAD, supporting a wide range of formats and delivering exceptional visualization performance. CadFaster's software enables users to engage in ultra-fast 3D collaboration, facilitating real-time data sharing and interaction with complex models, thereby enhancing productivity and workflow in the design process.

CadFaster

Seed Round in 2010
CadFaster is a company that specializes in developing collaboration tools tailored for the 3D CAD community. Founded in 2009, the company leverages the extensive experience of its founders in the software industry to create innovative solutions for 3D design professionals. Its flagship product, MyCadbox, serves as a comprehensive viewer and collaboration tool for 3D CAD, supporting a wide range of formats and delivering exceptional visualization performance. CadFaster's software enables users to engage in ultra-fast 3D collaboration, facilitating real-time data sharing and interaction with complex models, thereby enhancing productivity and workflow in the design process.
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