Rite Ventures

Rite Ventures is a Swedish venture capital firm focusing on early to mid-stage companies within the IT services, software as a service, and e-commerce sectors in Sweden and Finland. It invests between €1 million to €20 million, typically €2 million to €5 million, in companies with turnover between €3 million to €20 million. Rite Ventures seeks active involvement in portfolio companies to drive growth and expansion.

Christoffer Häggblom

Founder and Managing Partner

Axel Medefelt-Westphalen

Investment Manager

Victor Mellgren

Investment Manager

Michael Richter

Partner

Josephine Salenstedt

Partner

Past deals in Finland

Custobar

Venture Round in 2021
Founded in 2012, Custobar specializes in designing and developing a sales and marketing platform for retailers across Europe. Its platform enables users to analyze customer behaviors, build targeted campaigns, compare campaign statistics, and create personalized product recommendations. Serving over 50 major customers, Custobar bridges the gap between online and offline retail by providing a comprehensive understanding of each customer.

Puhdistamo

Venture Round in 2018
Puhdistamo is a Finnish company based in Lempäälä that specializes in the production, import, and export of dietary supplements and superfoods. The company offers a diverse range of products, including flavored kombucha, oils, coffee, vitamin supplements, and natural cocoa products, all made from selected raw materials that are gluten-free, milk-free, and GMO-free. In addition to its product offerings, Puhdistamo provides customers with access to healthy recipes through an online platform, promoting clean eating and high-quality nutrition.

Mylab

Venture Round in 2017
Mylab is a healthcare laboratory and diagnostics information service provider based in Finland. The company specializes in developing clinical laboratory information technology software products that facilitate the exchange of information among laboratory centers. By enabling these centers to share data related to specific topics or diseases, Mylab enhances collaboration within the healthcare sector, ultimately benefiting society as a whole.

Lemonsoft

Venture Round in 2016
Lemonsoft is a Finnish technology company specializing in Enterprise Resource Planning (ERP) systems. They offer solutions such as work time tracking, online service management, warehouse management systems, business modeling, and business intelligence management to streamline processes for small and medium-sized enterprises.

Innohome

Venture Round in 2014
Innohome is a Finnish company specializing in smart safety products aimed at preventing household fires caused by electrical appliances. Their flagship products, Stove Guard and Stove Alarm, are designed to detect and mitigate risks before toxic gases form or a fire starts. These devices use advanced, award-winning technology developed through years of research. By identifying user errors and faults early, Innohome's products enhance safety, energy efficiency, and usability in household systems, significantly reducing the likelihood of kitchen fires.

Verkkokauppa.com

Venture Round in 2009
Verkkokauppa.com is Finland's second-largest consumer electronics retailer, established in 1992 and headquartered in Jätkäsaari, Helsinki. The company operates a significant online platform and physical stores in Helsinki, Pirkkala, and Oulu, employing over 500 staff across various locations. It offers a wide range of products, including computer technology, consumer electronics, toys, games, and navigation products, which can be purchased through its webstore or in-store. Customers benefit from a 32-day money-back guarantee and can access installation and maintenance services. Verkkokauppa.com prides itself on providing excellent customer service, handling warranty issues directly, and ensuring prompt delivery of products. The company is committed to transparency in pricing and availability, maintaining consistency between its online and physical stores.

Frank Dandy

Venture Round in 2009
Frank Dandy AB is a Swedish company founded in 2003, specializing in the design, manufacture, and sale of underwear for both men and women. In addition to its core underwear offerings, the company provides a range of leisurewear, beachwear, socks, and accessories. Known for its innovative and bold marketing strategies, Frank Dandy challenges traditional perceptions of underwear through stylish and patterned designs. The company operates stores in various countries, including Australia, Austria, Denmark, Finland, Germany, Norway, Russia, Sweden, Japan, Canada, and the United States, and maintains a robust online presence. Headquartered in Stockholm, Sweden, Frank Dandy also has offices in Denmark, Japan, Norway, Finland, and the Baltics, allowing it to effectively serve customers across Scandinavia, Europe, North America, and Japan.

Nebula

Venture Round in 2007
Nebula is a Finnish ICT service company that specializes in providing a secure and reliable IT environment tailored to the unique needs of its clients. The company offers a comprehensive range of services, including web hosting, domain name registration, website creation tools, a customer service portal, Microsoft Office 365, and managed cloud services, all designed to enhance the efficiency and reliability of business operations. Nebula has established a strong reputation for quality and flexibility, reflected in an average customer satisfaction score of 4.2 out of 5, with 90% of customers willing to recommend their services. The company's commitment to innovation and best practices ensures continuous improvement of their offerings. Nebula has a proven track record of profitability and financial stability, with net sales of approximately EUR 28.6 million recorded in 2014. Their services are significant within the Finnish market, accounting for 17% of all Internet traffic in the country.
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