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

Past deals in Finland

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.

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.

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.

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.

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.

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.
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