Nexit Ventures

Nexit Ventures Oy is a venture capital firm established in 1999 and headquartered in Helsinki, Finland, with an additional office in Palo Alto, California. The firm specializes in investing in high-tech companies at various stages, including seed, startup, early, and mature growth. Nexit Ventures focuses on technology and digital disruption, particularly in the B2B sector, mobile and wireless innovation, applications and services, and enabling technologies. It aims to support disruptive and scalable companies primarily in the Nordic countries and the United States, with occasional investments in the Baltics. The firm typically invests between $0.63 million and $12.62 million, leveraging its presence on both sides of the Atlantic to connect technologies, markets, and resources, thereby enhancing value for its portfolio companies.

Sami Karppinen

Partner

Pekka Salonoja

General Partner

Artturi Tarjanne

General Partner and Co-Founder

Michel Wendell

General Partner

Risto Yli-Tainio

CFO and Partner

32 past transactions

Boksi

Series A in 2023
Boksi operates a digital advertising platform that transforms how companies acquire content by connecting them with micro-influencers. By analyzing social media posts and mapping the behavior and preferences of followers, Boksi enables businesses to engage authentically with their target audiences. The platform offers a more genuine alternative to traditional stock photos, featuring companies' own products in the content, while also providing significant cost savings—over 70% compared to conventional photo shoots and media agencies. This innovative approach allows companies to gain better engagement through tailored influencer partnerships and authentic content creation.

HDmessaging

Venture Round in 2013
HDmessaging is a provider of group messaging applications, offering a robust platform designed for mobile operators and developers. The company specializes in white-label solutions that facilitate group conversations, media sharing, and location sharing. Its fully featured API enables developers to easily integrate group messaging capabilities into their applications, while also ensuring compatibility with SMS and internet protocol-based messaging. HDmessaging's services are utilized by various stakeholders, including mobile device manufacturers and network operators, allowing them to create customized messaging solutions that enhance user experience. By supporting cross-platform access and cloud storage, HDmessaging plays a significant role in the evolution of text messaging.

Rightware

Series B in 2013
Rightware Oy provides graphical user interface solutions for in mobile, automotive, and other embedded industries worldwide. It offers Kanzi to solve the implementation and differentiation problems of 3D user interfaces; and enable UI designers and engineers to focus on the creation, testing, and deployment of 3D user interfaces. The company also provides Kanzi Studio to provide a what-you-see-is-what-you-get editor for the user interface designers and embedded engineers for creation and customization of embedded user interfaces. In addition, it develops Basemark system performance analysis tools for OpenGL ES, OpenVG, OpenCL, Android, Linux, and Windows Mobile performance measurement. Rightware Oy was founded in 2009 and is based in Espoo, Finland with additional offices in Shanghai, Beijing, and Palo Alto.

Funambol

Venture Round in 2012
Funambol, Inc. specializes in providing white-label cloud solutions tailored for mobile operators and service providers. The company offers a range of personal and business cloud solutions, including OneMediaHub for personal content storage, and OneBizHub, which facilitates cloud file synchronization and sharing for small and medium-sized businesses. Additionally, Funambol provides OneSafetyHub, a safety cloud service featuring location tracking and emergency alerts for family security. The company also offers Internet of Things services and OneSIMHub, which supports SIM users in transitioning to smartphones. Founded in 2001 and based in Foster City, California, Funambol was previously known as Sync4j before rebranding in 2003.

Blyk

Venture Round in 2010
Blyk is a messaging media that works with mobile operators to link young people with brands and other stuff they like. Blyk launched its innovative mobile service in he UK in 2007, and quickly became known as a leader in mobile advertising, audience engagement and for its ability to drive unprecedented response rates and return on investment for advertisers. Blyk pioneered the use of interactive text and multi-media messaging as an advertising format, leveraging the most predominant, everyday behaviour of young people (sending and receiving messages on their phones) and enabling young people to communicate with brands in the same way they do with everyone else. Blyk is a private company, with offices in Helsinki, London, Amsterdam and Delhi. It’s current strategic partners include Orange and Vodafone. www.blyk.com

Octoshape

Venture Round in 2010
Octoshape ApS provides live and on-demand streaming audio and video technology. The company offers live streaming solutions for Webcasts from live events, including sport matches, musical events, or award shows; and hosted radio streaming solutions. It also provides hosted television streaming solutions; and OctoSource signal distribution solution, which allows broadcasters to get signals through Internet connection, enabling broadcasts from a range of events in sports, music, and entertainment. The company was founded in 2003 and is based in Copenhagen, Denmark.

Rightware

Series A in 2010
Rightware Oy provides graphical user interface solutions for in mobile, automotive, and other embedded industries worldwide. It offers Kanzi to solve the implementation and differentiation problems of 3D user interfaces; and enable UI designers and engineers to focus on the creation, testing, and deployment of 3D user interfaces. The company also provides Kanzi Studio to provide a what-you-see-is-what-you-get editor for the user interface designers and embedded engineers for creation and customization of embedded user interfaces. In addition, it develops Basemark system performance analysis tools for OpenGL ES, OpenVG, OpenCL, Android, Linux, and Windows Mobile performance measurement. Rightware Oy was founded in 2009 and is based in Espoo, Finland with additional offices in Shanghai, Beijing, and Palo Alto.

Rightware - Benchmarking

Seed Round in 2009
Rightware's benchmarking is focus extending its world leading position in automotive HMI solutions.

Aava Mobile

Venture Round in 2009
Aava Mobile Oy, founded in 2009 and based in Oulu, Finland, specializes in developing mobile platforms tailored for original design and equipment manufacturers. The company offers open platforms that enable these manufacturers and mobile operators to personalize their devices by integrating their own identity, user interface, content, and services. This flexibility allows clients to easily customize their mobile devices, helping them to stand out in a competitive market. With a team of industry experts, Aava Mobile focuses on providing innovative solutions that cater to the specific needs of its partners in the mobile technology sector.

Conformiq

Venture Round in 2009
Conformiq, Inc. specializes in developing software solutions for functional testing and automation, focusing on model-based testing (MBT) tools that enhance the efficiency and effectiveness of software testing processes. The company's primary offerings include Conformiq 360, an automated test design solution; Conformiq Creator, which tests enterprise IT and web applications; and Conformiq Transformer, designed to automate the execution of new and existing tests. Catering to sectors such as enterprise IT, communications, and embedded software, Conformiq counts major companies like AT&T, Vodafone, T-Mobile, Nokia, and Ericsson among its clients. The company, founded in 1998 and headquartered in San Jose, California, also maintains offices in Finland, Germany, Sweden, and India. Through strategic partnerships with firms like brightONE, Fraunhofer, Ideabytes, Sopra Steria, and Tech Mahindra, Conformiq continues to innovate in the realm of test automation, helping organizations enhance software quality while reducing costs.

Fuugo

Series B in 2009
Fuugo is a technology company that specializes in developing a cloud-based over-the-top (OTT) platform for TV and video services. Originally a division of Nokia that produced hardware for cable television, the company was restructured from its previous incarnation, Axel Technologies, in the mid-2010s. Fuugo's software platform enables broadcasters, content owners, and aggregators to create user interfaces for various video services across multiple devices. This innovative solution empowers clients to effectively share and monetize their video content on diverse platforms, enhancing their reach and revenue potential.

HDmessaging

Series C in 2009
HDmessaging is a provider of group messaging applications, offering a robust platform designed for mobile operators and developers. The company specializes in white-label solutions that facilitate group conversations, media sharing, and location sharing. Its fully featured API enables developers to easily integrate group messaging capabilities into their applications, while also ensuring compatibility with SMS and internet protocol-based messaging. HDmessaging's services are utilized by various stakeholders, including mobile device manufacturers and network operators, allowing them to create customized messaging solutions that enhance user experience. By supporting cross-platform access and cloud storage, HDmessaging plays a significant role in the evolution of text messaging.

Funambol

Series B in 2008
Funambol, Inc. specializes in providing white-label cloud solutions tailored for mobile operators and service providers. The company offers a range of personal and business cloud solutions, including OneMediaHub for personal content storage, and OneBizHub, which facilitates cloud file synchronization and sharing for small and medium-sized businesses. Additionally, Funambol provides OneSafetyHub, a safety cloud service featuring location tracking and emergency alerts for family security. The company also offers Internet of Things services and OneSIMHub, which supports SIM users in transitioning to smartphones. Founded in 2001 and based in Foster City, California, Funambol was previously known as Sync4j before rebranding in 2003.

Futuremark

Venture Round in 2008
Futuremark is a Finnish software development company that creates software for desktop computers, notebooks, tablets, and smartphones. In 2014, it became a part of UL, a global safety science organization involved in the fields of product safety testing, inspection, and verification services. Futuremark works in cooperation with many of the technology companies to develop industry standard benchmarks that are relevant, accurate, and impartial. As a result, its benchmarks are widely used by the press publications and enthusiast review websites when testing the latest processors, graphics cards, notebooks, and tablets. The company maintains a hardware performance database, using the results submitted by its users to drive online solutions designed to help consumers make informed purchasing decisions. Founded in 1997, Futuremark is headquartered in Helsinki, Finland and has a sales office in Silicon Valley and sales representatives in Taiwan.

Ekahau

Series B in 2006
Ekahau is the global market leader in enterprise wireless network design and planning. More than 15,000 customers, including over 100 Fortune 500 companies, run their networks with Ekahau’s Wi-Fi planning and measurement solutions. Our proprietary software and hardware solutions design and manage superior wireless networks by minimizing network deployment time and ensuring sufficient wireless coverage across all industries, project sizes, building infrastructures and levels of complexity. We are recognized for delivering the easiest-to-use, most reliable solutions for Wi-Fi planning, site surveys, troubleshooting and optimization. Whether a corporate office, hotel, hospital or university – if the Wi-Fi works, it has likely been built using Ekahau’s Wi-Fi Design solutions.

SkyPilot Networks

Venture Round in 2006
SkyPilot Networks is a prominent provider of broadband wireless equipment designed for service providers, municipalities, and public safety agencies to efficiently deploy various network services. These services include last-mile Internet access, voice over IP, Wi-Fi hotspots, and video surveillance. The company's innovative solution employs a patented multi-hop point-to-multipoint architecture that enhances reach, reduces interference, and optimizes spectral efficiency. This technology results in a scalable, reliable, and deterministic broadband wireless network that simplifies design, increases deployment flexibility, and lowers both equipment and operational costs. SkyPilot's products include the SkyPilot Connector Mini and Pro, which offer cost-effective customer premises equipment for long-range connectivity, and the SkyPilot EMS, an element management system that aids in the deployment and management of wireless mesh networks. With a proven track record, SkyPilot has delivered its systems to customers in over 50 countries and is headquartered in Santa Clara, California.

Ecrio

Series B in 2005
Ecrio, Inc. specializes in providing 4G LTE real-time communications client software and services for the mobile industry. The company's flagship offering, the Ecrio Mobile Communications Client Suite (MCCS), facilitates the deployment of core 4G/LTE services, encompassing voice, video, SMS, and rich communication services (RCS) like video telephony and content sharing. The MCCS includes a variety of products such as the SIP/IMS Framework and Voice over LTE (VoLTE) Framework, which support the development of LTE and IMS-based applications while ensuring interoperability with network infrastructures. Ecrio also offers a Device-Platform SDK for operators and device manufacturers to optimize installations, along with an Application Development SDK for creating communication-rich applications. The company serves a global clientele, including handset manufacturers, mobile service operators, and infrastructure providers, enabling them to enhance customer experiences and streamline the integration of complex communication capabilities. Founded in 1998 and headquartered in Cupertino, California, Ecrio is committed to driving digital transformation in the mobile sector.

SkyPilot Networks

Series C in 2005
SkyPilot Networks is a prominent provider of broadband wireless equipment designed for service providers, municipalities, and public safety agencies to efficiently deploy various network services. These services include last-mile Internet access, voice over IP, Wi-Fi hotspots, and video surveillance. The company's innovative solution employs a patented multi-hop point-to-multipoint architecture that enhances reach, reduces interference, and optimizes spectral efficiency. This technology results in a scalable, reliable, and deterministic broadband wireless network that simplifies design, increases deployment flexibility, and lowers both equipment and operational costs. SkyPilot's products include the SkyPilot Connector Mini and Pro, which offer cost-effective customer premises equipment for long-range connectivity, and the SkyPilot EMS, an element management system that aids in the deployment and management of wireless mesh networks. With a proven track record, SkyPilot has delivered its systems to customers in over 50 countries and is headquartered in Santa Clara, California.

On2 Technologies

Series D in 2004
On2 Technologies Finland Oy offers power video codec solutions for wireless IC designs. It develops technology for enabling multimedia in battery operated mobile handsets. The company's portfolio includes hardware and software video codecs, and audio and still image codecs; and mobile TV, camcorder, and player/streamer application solutions. It offers professional services, such as architecture consulting, customization services, integration services, on-site and telephone support, and maintenance and upgrade services. The company serves semiconductor and device manufacturers in the North American, EMEA, and APAC markets. It has strategic partnerships with Access, ARM, Coding Technologies, EXPWAY, Freescale Semiconductor, Inc., OCP, RealNetworks, Silicon & Software Systems, Symbian, Texas Instruments, and Thomson. The company was founded as Hantro Products Oy in 1985 and changed its name to On2 Technologies Finland Oy in November 2007 following the acquisition by On2 Technologies Inc. The company is based in Oulu, Finland with additional offices in Espoo, Finland; Munich, Germany; Tokyo, Japan; Taipei, Taiwan; Kyunggido, Korea; and San Jose, California. As of November 1, 2007, On2 Technologies Finland Oy operates as a subsidiary of On2 Technologies Inc.

Fathammer

Venture Round in 2004
Fathammer is the leading developer of advanced real-time 3D graphics and game technologies for next generation mobile devices. The company supplies products and custom solutions based on its X-Forge Technology for companies that want to create and deploy advanced 3D games and other rich 3D content on mobile platforms. Fathammer was founded in October 2000 by a group of veterans of the game, telecommunications and mobile technology industries. The members of the management team have previously been involved with ten successful start-up companies. The company's employees are a tight knit team who have extensive backgrounds of working together at previous companies and projects. Additionally, most of the people in the company have their roots deep in the "demo scene" computer culture. The demo scene started in the 80s on the early home computers such as Commodore 64 and Amiga. It is here where low-level assembly programming and optimization was taken into a whole new level and seemingly impossible visual effects were created on super-limited hardware. Fathammer's core strengths include the thorough know-how of real-time 3D graphics technologies, optimizing for the limited hardware configurations of mobile devices and the development of high quality games. Combining this with seasoned project management, innovative product development and creative design, Fathammer can satisfy the specific needs of its customers in an effective way. Fathammer's engineering and development operations are based in Helsinki, Finland. Fathammer also has an office in San Jose, California, which coordinates the company's sales and marketing activities. The company is privately owned and currently employs 30+ people.

Bitfone Corporation

Series C in 2004
Bitfone offers mProve software, a software solution that helps wireless service providers do over-the-air mobile repairs and upgrades.

Mobile 365

Series D in 2004
Mobile 365 is the new company formed from the merger of the two leaders in the mobile messaging world: InphoMatch, the leader in interoperable data and messaging services for mobile operators, and Mobileway, the leader in messaging solutions for brands and content providers. It is the global leader in the delivery, billing, and settlement of mobile messaging services. Their extensive footprint enables us to reach more mobile users—with more types of mobile data—than anyone else on the globe. They reliably deliver messages, premium content, and value-added services for the leading mobile operators, content providers, brands, and media companies worldwide.

Futuremark

Series A in 2004
Futuremark is a Finnish software development company that creates software for desktop computers, notebooks, tablets, and smartphones. In 2014, it became a part of UL, a global safety science organization involved in the fields of product safety testing, inspection, and verification services. Futuremark works in cooperation with many of the technology companies to develop industry standard benchmarks that are relevant, accurate, and impartial. As a result, its benchmarks are widely used by the press publications and enthusiast review websites when testing the latest processors, graphics cards, notebooks, and tablets. The company maintains a hardware performance database, using the results submitted by its users to drive online solutions designed to help consumers make informed purchasing decisions. Founded in 1997, Futuremark is headquartered in Helsinki, Finland and has a sales office in Silicon Valley and sales representatives in Taiwan.

Bitfone Corporation

Venture Round in 2003
Bitfone offers mProve software, a software solution that helps wireless service providers do over-the-air mobile repairs and upgrades.

Bitfone Corporation

Series B in 2002
Bitfone offers mProve software, a software solution that helps wireless service providers do over-the-air mobile repairs and upgrades.

Mobile 365

Series C in 2002
Mobile 365 is the new company formed from the merger of the two leaders in the mobile messaging world: InphoMatch, the leader in interoperable data and messaging services for mobile operators, and Mobileway, the leader in messaging solutions for brands and content providers. It is the global leader in the delivery, billing, and settlement of mobile messaging services. Their extensive footprint enables us to reach more mobile users—with more types of mobile data—than anyone else on the globe. They reliably deliver messages, premium content, and value-added services for the leading mobile operators, content providers, brands, and media companies worldwide.

Hantro

Series B in 2002
Hantro Products specializes in video technology for mobile devices, delivering optimized video compression solutions for various platforms, including mobile, digital consumer electronics, and IPTV devices. The company offers both hardware and software tailored for handheld devices, focusing on MPEG4, H.263, H.264, and VC-1 video formats. Hantro's extensive product portfolio encompasses applications for video capturing, playback, messaging, streaming, and telephony, ensuring high-quality video experiences across a range of mobile technologies.

SkyPilot Networks

Series B in 2001
SkyPilot Networks is a prominent provider of broadband wireless equipment designed for service providers, municipalities, and public safety agencies to efficiently deploy various network services. These services include last-mile Internet access, voice over IP, Wi-Fi hotspots, and video surveillance. The company's innovative solution employs a patented multi-hop point-to-multipoint architecture that enhances reach, reduces interference, and optimizes spectral efficiency. This technology results in a scalable, reliable, and deterministic broadband wireless network that simplifies design, increases deployment flexibility, and lowers both equipment and operational costs. SkyPilot's products include the SkyPilot Connector Mini and Pro, which offer cost-effective customer premises equipment for long-range connectivity, and the SkyPilot EMS, an element management system that aids in the deployment and management of wireless mesh networks. With a proven track record, SkyPilot has delivered its systems to customers in over 50 countries and is headquartered in Santa Clara, California.

Bitfone Corporation

Series A in 2001
Bitfone offers mProve software, a software solution that helps wireless service providers do over-the-air mobile repairs and upgrades.

Ekahau RTLS

Seed Round in 2000
Ekahau is the global leader in Wi-Fi network design tools, from WLAN network planning to site surveys and troubleshooting. Ekahau's Wi-Fi tools are used by the leading Wi-Fi infrastructure vendors, systems integrators, and telecom operators as well as thousands of network administrators to minimize network deployment time and ensure sufficient wireless network performance and capacity.

Hybrid Graphics

Series A in 2000
Hybrid Graphics Ltd., the leading developer of embedded 2D and 3D graphics software for handheld devices. This acquisition will enable the customers of both companies to deploy compelling graphics solutions for the entire worldwide handheld market.
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