Innovestor

Innovestor is a Nordic venture capital investor based in Helsinki, Finland. It provides funding and strategic support to growth companies and offers investors access to carefully selected opportunities. The firm focuses on technology, life sciences, health, and related sectors such as cleantech, industrial technologies, consumer, and enterprise software, leveraging a team of experienced professionals and industry experts. The company is supervised by the Finnish Financial Supervisory Authority.

Hannu Jungman

Partner

Sara Kangaspeska

Investment Director

Tommi Äijälä

Co-Founder and Group Chair

Past deals in Nordic Europe

Gesynta Pharma

Series B in 2025
Gesynta Pharma is a clinical-stage pharmaceutical company developing compounds that inhibit the pro-inflammatory enzyme mPGES-1. Its lead drug candidate, vipoglanstat (GS-248), is in development for endometriosis, a prevalent chronic inflammatory disease affecting women's health. Gesynta Pharma also has another drug candidate, GS-073, ready to enter clinical phase I trials.

Ward 24/7

Venture Round in 2024
Ward 24/7 is a Copenhagen-based company that specializes in digital health solutions aimed at enhancing patient care through continuous monitoring of respiratory and circulatory distress. Founded in 2016, the company has developed an intelligent clinical support system that utilizes a network of wireless sensors to track vital parameters such as oxygen saturation, respiratory rate, and cardiac function in high-risk patients. This system employs artificial intelligence to analyze real-time data, allowing for early detection of potential health issues and timely intervention by healthcare professionals. By providing 24/7 observation and alerting staff to critical situations, Ward 24/7 aims to improve the efficiency and effectiveness of hospital care, ultimately enhancing patient outcomes.

Teitur Trophics

Series A in 2023
Teitur Trophics is a biotech company established in 2020 and based in Aarhus, Denmark. The company specializes in the development of circular peptides aimed at addressing neurodegenerative diseases. Its research focuses on small peptides that interact with receptors central to neural function. By gaining insights into the biology of these receptors, Teitur Trophics aims to modulate key mechanisms in neural function, which may facilitate the creation of innovative treatments. These treatments are designed to be administered through daily injections, with the potential to prevent the onset of neurodegenerative conditions.

OGOship

Seed Round in 2021
OGOship Oy is a third-party logistics provider specializing in services for e-commerce businesses. Founded in 2011 and based in Helsinki, Finland, the company offers a comprehensive range of logistics solutions, including warehousing, inventory management, and shipping services. OGOship enables online retailers to outsource their logistics needs, allowing them to focus on sales and customer engagement. With a network of warehouses located in multiple countries, including Sweden, the Netherlands, and Estonia, the company helps small to medium-sized retailers store products closer to their customers, thereby reducing delivery times. Additionally, OGOship provides an online platform for managing shipping and logistics, along with consultancy services to optimize supply chain operations. Through its offerings, OGOship aims to facilitate global selling and streamline the logistics processes for e-commerce businesses.

Innomost

Seed Round in 2021
Innomost develops and produces bioactive ingredients derived from forest industry side streams, focusing primarily on birch bark. Its product portfolio includes birch charcoal powder, birch bark powder, betulin, suberin, azelaic acid, and polymeric oils, enabling innovation in various cosmetic product categories.

Aatos

Seed Round in 2021
Aatos is a Nordic legal tech company that provides online, fully automated legal services for private individuals, eliminating the need for a lawyer. Its platform handles matters such as divorce, prenuptial agreements, wills, lasting powers of attorney, probate, and electronic signatures, delivering instant, self-guided solutions. Launched in 2020, Aatos has grown to about 1.4 million euros in annual revenue (2022), serves tens of thousands of paying customers, and operates in three markets. It has established a notable presence in Finland, including roughly 10 percent of the divorce market. The service emphasizes automation and accessibility, enabling users to resolve legal needs quickly through an online interface.

Surgify

Series C in 2021
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.

Monidor Oy

Venture Round in 2020
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.

Luxmet

Venture Round in 2019
Founded in 2014, Luxmet specializes in developing high temperature process monitoring and control systems for the steel and metal industries. Its key products include an Electric Arc Furnace (EAF) process control system that analyzes optical emissions, TempSpec for online temperature measurement, and solutions for ladle furnaces, blast furnaces, and converters.

Synoste

Venture Round in 2018
Synoste Oy, founded in 2007 and based in Espoo, Finland, specializes in innovative medical solutions for correcting skeletal deformities. The company focuses on developing a third-generation limb-lengthening system aimed at improving the conventional, often uncomfortable, procedures associated with bone-lengthening and deformation correction. By leveraging smart materials, Synoste’s technology aims to provide a less painful experience for patients while enhancing the precision and control of the treatment process. This approach not only reduces complication rates but also facilitates a quicker recovery, allowing patients to return to their normal activities sooner. Operating as a subsidiary of Globus Medical, Inc., Synoste addresses various conditions, including congenital and trauma-related limb discrepancies, as well as craniomaxillofacial deformations.

Forendo Pharma

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

Aranda Pharma

Venture Round in 2018
Aranda Pharma is a Finnish biopharmaceutical company founded in 2015 and based in Kuopio. It discovers and develops small molecule drugs addressing diseases of the elderly with unmet medical needs, focusing on advanced prostate cancer and neurodegenerative diseases. Its development programs include ADA-409, a cytoprotective small molecule, and ADA-308, an androgen receptor antagonist active in treatment-resistant cells. The company pursues novel antiandrogen therapies for prostate cancer and neurodegenerative conditions, with potential applications for hair loss and acne, emphasizing non-toxic compounds designed to minimize hormonal impact elsewhere in the body.

EEE Innovations

Venture Round in 2017
EEE Innovations Oy, established in 2014 and headquartered in Lohja, Finland, specializes in computer programming services. The company focuses on enhancing driving experiences by providing drivers with smart information derived directly from their vehicles and additional external sources.

Ledistys

Seed Round in 2017
Ledistys Oy is a Finnish company founded in 2012, based in Oulu, specializing in the design, manufacture, and sale of LED lighting solutions. The company provides a comprehensive range of products, including modular LED luminaires that are tailored to meet specific customer needs across various sectors, such as industry, agriculture, retail, and leisure. Ledistys emphasizes customer-oriented service, offering not only lighting products but also project management, installation, and maintenance services. Additionally, the company conducts energy-saving reports and provides designs and energy subsidies, ensuring that clients receive optimal lighting solutions that enhance efficiency and meet their unique requirements.

IndoorAtlas

Series B in 2017
IndoorAtlas specializes in indoor positioning technology. It uses magnetic field data and smartphone sensors to accurately locate users indoors, enabling applications for navigation, promotions, gaming, and logistics. The company offers tools like IndoorAtlas Floor Plans and Map Creator for managing building floor plans and creating magnetic maps. Founded in 2012, IndoorAtlas is headquartered in Finland with R&D centers in Finland and the UK.

Taitori

Seed Round in 2017
Founded in Finland in 2010, Taitori is a software company dedicated to facilitating digital transformation for individuals and businesses. It specializes in smart workplace management systems, offering tools such as space and desk booking, visitor management, occupancy detection sensors, and analytics to enhance operational efficiency and employee experience.

Yepzon

Venture Round in 2017
Founded in 2013, Yepzon is a Finnish company specializing in location devices. It offers simple yet advanced tracking solutions that utilize GPS, WiFi, and 3G technologies for both consumer and enterprise markets.

Dottli

Venture Round in 2017
Dottli Oy is a digital health company based in Helsinki, Finland, specializing in the development of medical devices and applications aimed at improving the management of diabetes. Founded in 2009 and previously known as Modz Oy, Dottli focuses on addressing the growing global diabetes epidemic, particularly type II diabetes, which affects over 400 million individuals worldwide. The company's flagship product is an app designed to help users monitor and manage their health more effectively. With obesity rates rising and diabetes-related complications leading to significant mortality, Dottli aims to provide innovative solutions that enhance the quality of life for people living with diabetes.

Spectral Engines

Venture Round in 2017
Founded in 2014, Spectral Engines develops and manufactures miniaturized spectral sensors for various applications. These include moisture measurement in pharmaceutical powders, food composition analysis (protein, fat, sugars), gas detection, and process spectroscopy.

Yepzon

Venture Round in 2016
Founded in 2013, Yepzon is a Finnish company specializing in location devices. It offers simple yet advanced tracking solutions that utilize GPS, WiFi, and 3G technologies for both consumer and enterprise markets.

Venuu

Seed Round in 2016
Founded in 2013, Venuu is a Finnish company that operates an online platform facilitating venue booking for events such as parties, weddings, seminars, and meetings. It connects event organizers with suitable spaces and offers marketing opportunities for venue owners.

Linkker

Venture Round in 2016
Linkker is a manufacturer of electric buses that has been focused on innovative and sustainable transportation solutions for over a decade. The company aims to address the public transportation needs of the future by providing pollution-free and efficiently operated electric buses. Linkker's core technologies include lightweight chassis and body constructions, as well as energy-efficient drive systems, which have been developed through careful engineering and testing. The company first applied lightweight construction in a diesel bus in 2005, demonstrating its commitment to advancing vehicle technology in challenging road and climate conditions. By integrating electric vehicle technology with public transportation systems, Linkker’s buses enable cities worldwide to reduce fuel consumption and support environmental sustainability.

Linkker

Venture Round in 2015
Linkker is a manufacturer of electric buses that has been focused on innovative and sustainable transportation solutions for over a decade. The company aims to address the public transportation needs of the future by providing pollution-free and efficiently operated electric buses. Linkker's core technologies include lightweight chassis and body constructions, as well as energy-efficient drive systems, which have been developed through careful engineering and testing. The company first applied lightweight construction in a diesel bus in 2005, demonstrating its commitment to advancing vehicle technology in challenging road and climate conditions. By integrating electric vehicle technology with public transportation systems, Linkker’s buses enable cities worldwide to reduce fuel consumption and support environmental sustainability.

Yepzon

Venture Round in 2015
Founded in 2013, Yepzon is a Finnish company specializing in location devices. It offers simple yet advanced tracking solutions that utilize GPS, WiFi, and 3G technologies for both consumer and enterprise markets.

Labrox

Seed Round in 2015
Labrox is a privately owned Finnish instrument company established in 2011, specializing in the design, development, and manufacturing of multimode plate reader platforms, detection systems, and related components. The company serves academic laboratories, the pharmaceutical industry, and in-vitro diagnostics firms, providing high-quality instrument solutions tailored to meet various needs in pharmaceutical development, research, quality control, and manufacturing process monitoring. With a strong foundation in detection systems, mechanics, electronics, and software, Labrox is committed to delivering turnkey solutions that range from individual technology modules to advanced multimode readers, ensuring that their customers receive products that adhere to the highest standards of quality and performance.

Plantui

Series A in 2015
Plantui is a Finnish company that specializes in smart indoor gardening solutions, specifically through the development of innovative flowerpots equipped with advanced light systems and automatic watering features. Founded in 2012, Plantui aims to enhance the gardening experience by enabling users to grow fresh herbs, salads, and medicinal plants in a hydroponic environment, regardless of location. The company's unique platform utilizes a combination of LED light recipes and irrigation rhythms tailored to the different growth phases of plants. This technology is complemented by an open interface that allows users to control their growing systems and share valuable information. Plantui's commitment to creating a happier and greener world through gardening has been recognized with accolades such as the prestigious Red Dot Design Award in 2015, further enhancing its market presence in Europe and Asia. In 2016, the company secured a global patent for its hydroponic gardening method, solidifying its position in the food technology sector.

Linkker

Series A in 2014
Linkker is a manufacturer of electric buses that has been focused on innovative and sustainable transportation solutions for over a decade. The company aims to address the public transportation needs of the future by providing pollution-free and efficiently operated electric buses. Linkker's core technologies include lightweight chassis and body constructions, as well as energy-efficient drive systems, which have been developed through careful engineering and testing. The company first applied lightweight construction in a diesel bus in 2005, demonstrating its commitment to advancing vehicle technology in challenging road and climate conditions. By integrating electric vehicle technology with public transportation systems, Linkker’s buses enable cities worldwide to reduce fuel consumption and support environmental sustainability.

LNGTainer

Series A in 2014
LNGTainer Ltd. is a Finnish company, established in 2011 and headquartered in Helsinki, that specializes in the development of innovative containers for the transportation, storage, and direct usage of liquefied natural gas (LNG). The company's patented LNG containers are designed to integrate seamlessly with existing global infrastructure for handling standard shipping containers, making LNG distribution more accessible and cost-efficient. These containers utilize a modular design and offer a direct gas outlet, allowing easy connection to consumer gas systems. By eliminating the need for expensive, specialized vessels and large storage facilities, LNGTainer's solutions promote environmentally friendly energy distribution and broaden the market for LNG to a wider customer base, including ships, gas stations, and small power stations. Additionally, the containers feature a regasification system and monitoring capabilities, enhancing their usability for customers in the LNG energy sector.
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