Inventure

Inventure is a Helsinki, Finland-based venture capital firm established in 2005 that focuses on early-stage technology startups in the Nordics and Baltics. It backs seed and Series A rounds, with initial investments typically starting around €100,000 and potentially rising to €10 million over a company’s life cycle. The firm concentrates on software, technology, and next-generation digital services across deep tech and consumer internet sectors. Its portfolio includes several notable companies such as Wolt, Detectify, Blueprint Genetics, Swappie, and Insurello.

Linus Dahg

Partner

Ekaterina Gianelli

Partner

Tuomas Kosonen

Partner

Sami Lampinen

Partner

Kevin Lösch

Investment Associate

Tatiana Shalalvand

Investor

Timo Tirkkonen

Partner

Past deals in Scandinavia

Lassie

Series B in 2023
Lassie is a pet insurance company founded in 2020 and headquartered in Stockholm, Sweden. The company specializes in providing digital pet insurance services designed to mitigate the financial risks associated with pet injuries. Lassie's innovative approach includes on-demand insurance that actively engages with a pet's health on a daily basis, rather than only in response to incidents. Additionally, the company offers tools and resources that guide pet owners in caring for their animals, helping to prevent common injuries and promote overall pet health. This proactive focus on wellness enables pet owners to maintain their pets' wellbeing while safeguarding against unexpected medical expenses.

Logical Clocks AB

Series B in 2023
Founded in 2016, Logical Clocks AB develops and provides a data platform. It offers Hops Enterprise Services, utilizing deep learning, stream processing, and SQL on hops, along with Hopsworks Enterprise, an on-premise data management and data science platform.

Lassie

Series A in 2022
Lassie is a pet insurance company founded in 2020 and headquartered in Stockholm, Sweden. The company specializes in providing digital pet insurance services designed to mitigate the financial risks associated with pet injuries. Lassie's innovative approach includes on-demand insurance that actively engages with a pet's health on a daily basis, rather than only in response to incidents. Additionally, the company offers tools and resources that guide pet owners in caring for their animals, helping to prevent common injuries and promote overall pet health. This proactive focus on wellness enables pet owners to maintain their pets' wellbeing while safeguarding against unexpected medical expenses.

Material Exchange

Series A in 2022
Material Exchange, founded in 2017 in Stockholm, Sweden, is dedicated to improving the efficiency, transparency, and sustainability of material sourcing in the fashion industry. The company operates a digital sourcing platform that enables fashion brands to connect with suppliers and access a diverse range of materials more effectively. By facilitating digital collaboration between brands and manufacturers, Material Exchange helps reduce reliance on physical samples and minimizes material waste. This innovative approach positions the company at the forefront of the intersection between fashion and technology, supporting a more responsible and sustainable future for the industry.

Yeply

Seed Round in 2022
Yeply Mobile Bike Service is a Finnish start-up based in Helsinki that focuses on providing convenient bicycle maintenance through mobile servicing. Founded in 2016, the company aims to make bicycle care an easy and efficient process for all cyclists, whether they are everyday riders or part of professional fleets. Yeply's mobile units perform preventive maintenance and repairs on-site, allowing customers to have their bikes serviced without the need to visit a shop. In addition to servicing, the company collects valuable data on repairs and end-use, which can benefit manufacturers. By valuing every cyclist and promoting accessible cycling, Yeply reinforces its belief that cycling should be an inclusive activity for everyone.

Lassie

Seed Round in 2021
Lassie is a pet insurance company founded in 2020 and headquartered in Stockholm, Sweden. The company specializes in providing digital pet insurance services designed to mitigate the financial risks associated with pet injuries. Lassie's innovative approach includes on-demand insurance that actively engages with a pet's health on a daily basis, rather than only in response to incidents. Additionally, the company offers tools and resources that guide pet owners in caring for their animals, helping to prevent common injuries and promote overall pet health. This proactive focus on wellness enables pet owners to maintain their pets' wellbeing while safeguarding against unexpected medical expenses.

Stravito

Series A in 2021
Stravito AB is a software company based in Stockholm, Sweden, that specializes in providing competitive intelligence solutions for consumer packaged goods (CPG) companies. Founded in 2017, Stravito develops a knowledge management platform that democratizes access to market research and insights. This tool enables employees to easily find and share key market information, facilitating better decision-making. By centralizing both internal and external data sources, the platform helps organizations organize research and quickly generate actionable findings. Utilizing machine learning, Stravito’s solution categorizes and indexes documents, allowing users to conduct natural language searches for efficient information discovery. The company has expanded its presence to North America and Europe, reflecting its commitment to empowering teams in the CPG sector through enhanced access to critical insights.

Logical Clocks AB

Series A in 2021
Founded in 2016, Logical Clocks AB develops and provides a data platform. It offers Hops Enterprise Services, utilizing deep learning, stream processing, and SQL on hops, along with Hopsworks Enterprise, an on-premise data management and data science platform.

NØIE

Series A in 2021
NØIE is a skincare company that offers personalized skincare products and solutions for dry skin, acne, eczema, psoriasis, and more. An algorithm is used in the company's skin test to assign customers to their skin family and recommend customized products to suit their skin. Additionally, CO2-neutral deliveries are provided, compensating for carbon emissions generated during the shipping process by planting trees in Denmark. The company aims to improve the quality of life for each individual with skin issues. NØIE was founded in 2019 and is headquartered in Copenhagen, Denmark.

Abzu

Seed Round in 2021
Abzu is a company that develops a scientific artificial intelligence platform aimed at accelerating drug discovery and bringing pharmaceuticals to market more efficiently. Founded in January 2018, with offices in Copenhagen, Denmark, and Barcelona, Spain, Abzu challenges traditional, opaque AI methods by utilizing its pioneering technology, the QLattice. This platform provides transparent and explainable models that enable data scientists to approach their work with a scientific mindset. By unlocking new disease mechanisms, discovering novel biomarkers, and designing improved drugs, Abzu empowers pharmaceutical and biotech companies to validate multiple targets simultaneously, thereby enhancing their research capabilities and reducing development costs.

Material Exchange

Venture Round in 2020
Material Exchange, founded in 2017 in Stockholm, Sweden, is dedicated to improving the efficiency, transparency, and sustainability of material sourcing in the fashion industry. The company operates a digital sourcing platform that enables fashion brands to connect with suppliers and access a diverse range of materials more effectively. By facilitating digital collaboration between brands and manufacturers, Material Exchange helps reduce reliance on physical samples and minimizes material waste. This innovative approach positions the company at the forefront of the intersection between fashion and technology, supporting a more responsible and sustainable future for the industry.

UpCloud

Series B in 2020
UpCloud Ltd is a cloud hosting company that specializes in providing infrastructure-as-a-service to business-critical customers. Founded in 2011 and based in Helsinki, Finland, it operates high-performance cloud servers on enterprise-grade hardware, with data centers located in London, Chicago, Frankfurt, and Helsinki. The company emphasizes extreme redundancy, a 100% service-level agreement, and flexible resources, ensuring high performance across all service levels. UpCloud's competitive pricing positions it as one of the most cost-effective options in Europe. Additionally, it offers software-defined networking services, allowing clients to create and configure flexible private networks for enhanced cloud connectivity. An easy-to-use control panel and mobile apps for iOS and Android enable administrators to monitor server performance conveniently.

Material Exchange

Seed Round in 2019
Material Exchange, founded in 2017 in Stockholm, Sweden, is dedicated to improving the efficiency, transparency, and sustainability of material sourcing in the fashion industry. The company operates a digital sourcing platform that enables fashion brands to connect with suppliers and access a diverse range of materials more effectively. By facilitating digital collaboration between brands and manufacturers, Material Exchange helps reduce reliance on physical samples and minimizes material waste. This innovative approach positions the company at the forefront of the intersection between fashion and technology, supporting a more responsible and sustainable future for the industry.

Abzu

Seed Round in 2019
Abzu is a company that develops a scientific artificial intelligence platform aimed at accelerating drug discovery and bringing pharmaceuticals to market more efficiently. Founded in January 2018, with offices in Copenhagen, Denmark, and Barcelona, Spain, Abzu challenges traditional, opaque AI methods by utilizing its pioneering technology, the QLattice. This platform provides transparent and explainable models that enable data scientists to approach their work with a scientific mindset. By unlocking new disease mechanisms, discovering novel biomarkers, and designing improved drugs, Abzu empowers pharmaceutical and biotech companies to validate multiple targets simultaneously, thereby enhancing their research capabilities and reducing development costs.

Wirepas

Series B in 2019
Wirepas Ltd. is a Finnish company established in 2010, specializing in wireless communication solutions for the Internet of Things (IoT). Based in Tampere, Wirepas develops Pino, a unique multi-hop mesh network solution that enables reliable and scalable connectivity for IoT devices. This technology supports the creation of autonomous networks that can expand to millions of devices without the need for traditional infrastructure. Wirepas Pino offers deterministic performance, local radio adaptability, and high reliability, addressing key challenges faced by IoT platforms. The company provides extensive support throughout the design and delivery process, including pre-integrated and tested reference implementations to facilitate IoT connectivity projects across various applications.

Stravito

Seed Round in 2019
Stravito AB is a software company based in Stockholm, Sweden, that specializes in providing competitive intelligence solutions for consumer packaged goods (CPG) companies. Founded in 2017, Stravito develops a knowledge management platform that democratizes access to market research and insights. This tool enables employees to easily find and share key market information, facilitating better decision-making. By centralizing both internal and external data sources, the platform helps organizations organize research and quickly generate actionable findings. Utilizing machine learning, Stravito’s solution categorizes and indexes documents, allowing users to conduct natural language searches for efficient information discovery. The company has expanded its presence to North America and Europe, reflecting its commitment to empowering teams in the CPG sector through enhanced access to critical insights.

DrugStars

Venture Round in 2019
DrugStars is a Copenhagen-based company that has developed a mobile medicine tracker application aimed at improving medication adherence. The application allows patients to manage their medications, set reminders, track their progress, and gain knowledge about their treatment. In addition to these features, DrugStars incentivizes users by enabling them to make charitable donations to health organizations of their choice as a reward for their adherence efforts. This dual purpose aims to enhance patients' daily lives while also providing them with an opportunity to support health charities at no cost.

Comptek Solutions

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

Logical Clocks AB

Seed Round in 2018
Founded in 2016, Logical Clocks AB develops and provides a data platform. It offers Hops Enterprise Services, utilizing deep learning, stream processing, and SQL on hops, along with Hopsworks Enterprise, an on-premise data management and data science platform.

Stravito

Seed Round in 2018
Stravito AB is a software company based in Stockholm, Sweden, that specializes in providing competitive intelligence solutions for consumer packaged goods (CPG) companies. Founded in 2017, Stravito develops a knowledge management platform that democratizes access to market research and insights. This tool enables employees to easily find and share key market information, facilitating better decision-making. By centralizing both internal and external data sources, the platform helps organizations organize research and quickly generate actionable findings. Utilizing machine learning, Stravito’s solution categorizes and indexes documents, allowing users to conduct natural language searches for efficient information discovery. The company has expanded its presence to North America and Europe, reflecting its commitment to empowering teams in the CPG sector through enhanced access to critical insights.

Comptek Solutions

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

UpCloud

Series A in 2016
UpCloud Ltd is a cloud hosting company that specializes in providing infrastructure-as-a-service to business-critical customers. Founded in 2011 and based in Helsinki, Finland, it operates high-performance cloud servers on enterprise-grade hardware, with data centers located in London, Chicago, Frankfurt, and Helsinki. The company emphasizes extreme redundancy, a 100% service-level agreement, and flexible resources, ensuring high performance across all service levels. UpCloud's competitive pricing positions it as one of the most cost-effective options in Europe. Additionally, it offers software-defined networking services, allowing clients to create and configure flexible private networks for enhanced cloud connectivity. An easy-to-use control panel and mobile apps for iOS and Android enable administrators to monitor server performance conveniently.

Noona Healthcare

Seed Round in 2016
Noona Healthcare Oy, established in 2014 and headquartered in Helsinki, Finland, specializes in developing a Web-based mobile service called Noona. This platform enables breast cancer patients to directly report treatment-related symptoms to their clinics via mobile phones, tablets, and computers, fostering real-time, holistic patient monitoring. Additionally, Noona's platform facilitates scientific research by generating digital data that combines patient diagnosis, treatment, and genetic information, aiding in the development of new cancer therapies. As of 2018, Noona Healthcare operates as a subsidiary of Varian Medical Systems, Inc.

Wirepas

Venture Round in 2016
Wirepas Ltd. is a Finnish company established in 2010, specializing in wireless communication solutions for the Internet of Things (IoT). Based in Tampere, Wirepas develops Pino, a unique multi-hop mesh network solution that enables reliable and scalable connectivity for IoT devices. This technology supports the creation of autonomous networks that can expand to millions of devices without the need for traditional infrastructure. Wirepas Pino offers deterministic performance, local radio adaptability, and high reliability, addressing key challenges faced by IoT platforms. The company provides extensive support throughout the design and delivery process, including pre-integrated and tested reference implementations to facilitate IoT connectivity projects across various applications.

Spectral Engines

Series A in 2016
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.

Canatu

Series C in 2016
Canatu is a Finland-based developer and manufacturer of carbon nanotube materials and related manufacturing technologies. It focuses on producing Canatu CNTs and CNT reactors for industry-transforming products and serves the semiconductor, automotive, and medical diagnostics sectors. The company provides CNT-based products and manufacturing equipment, including components used in advanced lithography and sensors, such as EUV pellicles, debris and optical filters, and film heaters that de-ice LiDAR and camera sensors to support autonomous driving. Canatu emphasizes customization and consistent CNT quality for highly engineered solutions and is exploring electrochemical sensing applications. Headquartered in Finland, it maintains sales offices in the United States, Japan, and Taiwan.

Wirepas

Series A in 2016
Wirepas Ltd. is a Finnish company established in 2010, specializing in wireless communication solutions for the Internet of Things (IoT). Based in Tampere, Wirepas develops Pino, a unique multi-hop mesh network solution that enables reliable and scalable connectivity for IoT devices. This technology supports the creation of autonomous networks that can expand to millions of devices without the need for traditional infrastructure. Wirepas Pino offers deterministic performance, local radio adaptability, and high reliability, addressing key challenges faced by IoT platforms. The company provides extensive support throughout the design and delivery process, including pre-integrated and tested reference implementations to facilitate IoT connectivity projects across various applications.

Bitbar

Series A in 2015
Bitbar, established in 2009 and headquartered in Helsinki, Finland, specializes in cloud-based mobile application testing solutions. It offers services such as automated testing on real Android and iOS devices, codeless test automation, and professional services like systems development, testing, consulting, and training. Bitbar caters to diverse industries including technology, gaming, retail, and finance, with notable clients like Facebook, Rovio, and Google. Its products include Testdroid Cloud, Testdroid Enterprise, Testdroid PrivateCloud, and Testdroid Recorder, aiming to streamline software delivery and reduce testing time.

Spectral Engines

Seed Round in 2014
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.

Boomlagoon

Series A in 2014
Boomlagoon is a mobile game development company based in Helsinki, Finland, known for its team of industry veterans from notable gaming companies such as Rovio, Remedy, and Housemarque. The company specializes in creating character-driven, free-to-play multiplayer games across various platforms. With a strong emphasis on diverse gameplay mechanics and engaging player experiences, Boomlagoon has garnered multiple Editor's Choice awards and has achieved global recognition for its innovative titles.

CBTec Oy

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

Mekitec

Venture Round in 2014
Mekitec is a Finnish manufacturer of X-ray food inspection systems for the food industry. It develops and sells X-ray devices and rejecters and provides installation and ongoing maintenance services to customers worldwide. The systems capture images of food products and use image analysis to detect foreign objects such as glass, metal, stones and dense plastics, as well as various quality defects, and they include data analytics tools to provide insights for improving safety, quality and sustainable production. The company is based in Oulu, Finland, and was founded in 2005.

Canatu

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

46elks

Seed Round in 2012
46elks AB is a company based in Uppsala, Sweden, that specializes in cloud communications. Founded in 2011, it provides a platform that allows developers to seamlessly integrate voice, SMS, and MMS functionalities into their applications. The platform offers various features, including the ability to allocate phone numbers, manage incoming and outgoing calls, and send and receive SMS messages. By offering a comprehensive application programming interface (API), 46elks enables developers to implement telephony infrastructure quickly and efficiently, without the need to build it from scratch. This facilitates the creation of communication-enabled applications, catering to a growing global developer community.

Valon Lasers

Series A in 2011
Founded in 2011, Valon Lasers specializes in manufacturing ophthalmic lasers. With a legacy dating back to 1972, the company combines decades of experience with advanced technology to provide premium solutions for discerning ophthalmologists.

Canatu

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

ScanNano

Series A in 2010
Scannano is a privately-held company located and registared in Finland dedicated to the design and commercial development of a series of advanced Resonant Micro- Electro-Mechanical Systems devices (R-MEMS). Micro-Electro-Mechanical Systems, also known as micro-machines, are revolutionary devices based upon the integration of mechanical elements, sensors, actuators, and electronics on a common silicon chip. MEMS technology promises to benefit nearly every product category by bringing together silicon-based microelectronics with micromachining technology, to achieve the realization of complete "system-on-a-chip". The Company has developed unique, patented MEMS devices that are capable of detecting and measuring the presence and interaction of sub-atomic particles such as photons and electrons. In combination with a range of custom, task-specific software, the Scannano MEMS devices can perform their tasks with unequalled levels of speed, precision and reliability. Dr. Andrei Pavlov, President and Founder of ScanNanoTek announced further progress in its R&D Program, demonstrating the validity of its Deep Vacuum Gap Technology for the production of new MEMS devices. This follows ScanNanoTek's October 2, 2011 announcement about encouraging progress in a new R&D Program in which STMicroelectronics, for its CMOS technology expertise, is engaged.

Rightware

Series A in 2010
Rightware Oy is a developer of graphical user interface solutions, primarily serving the mobile, automotive, and embedded industries globally. Founded in 2009 and headquartered in Espoo, Finland, with additional offices in Shanghai, Beijing, and Palo Alto, the company specializes in enhancing user experiences through its innovative software tools. Rightware's flagship product, Kanzi, addresses the challenges associated with implementing 3D user interfaces, allowing UI designers and engineers to focus more on creation, testing, and deployment. The company also offers Kanzi Studio, a user-friendly editor that streamlines the customization of embedded user interfaces. Additionally, Rightware develops Basemark, a suite of system performance analysis tools that measure graphics performance across various platforms, including OpenGL ES and Android. By enabling rapid user interface design and deployment, Rightware plays a pivotal role in advancing automotive graphics and user experience technologies.

ScanNano

Seed Round in 2009
Scannano is a privately-held company located and registared in Finland dedicated to the design and commercial development of a series of advanced Resonant Micro- Electro-Mechanical Systems devices (R-MEMS). Micro-Electro-Mechanical Systems, also known as micro-machines, are revolutionary devices based upon the integration of mechanical elements, sensors, actuators, and electronics on a common silicon chip. MEMS technology promises to benefit nearly every product category by bringing together silicon-based microelectronics with micromachining technology, to achieve the realization of complete "system-on-a-chip". The Company has developed unique, patented MEMS devices that are capable of detecting and measuring the presence and interaction of sub-atomic particles such as photons and electrons. In combination with a range of custom, task-specific software, the Scannano MEMS devices can perform their tasks with unequalled levels of speed, precision and reliability. Dr. Andrei Pavlov, President and Founder of ScanNanoTek announced further progress in its R&D Program, demonstrating the validity of its Deep Vacuum Gap Technology for the production of new MEMS devices. This follows ScanNanoTek's October 2, 2011 announcement about encouraging progress in a new R&D Program in which STMicroelectronics, for its CMOS technology expertise, is engaged.

FRWD Technologies

Series A in 2005
FRWD Technologies, Ltd. designs, develops, and markets sports computers for outdoor and alternative sports enthusiasts, athletes, and professionals. The company's sports computer records route, location, speed, distance, heart rate or RR heart rate, altitude, temperature, and air pressure, as well as shows them real time on wrist display or mobile phone. It sells its products through retailers and distributors in Estonia, Finland, France, Germany, Norway, Poland, Portugal, Spain, Sweden, Austria, and Switzerland. The company was founded in 2000 and is based in Oulu, Finland. It has operations in Sweden, Austria, Switzerland, and internationally.
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