Finnish Industry Investment Ltd is a government-owned investment company based in Helsinki, Finland. It focuses on promoting the growth and internationalization of Finnish businesses by investing in both venture capital funds and directly in growth companies. The company targets investments across various sectors, aiming to stimulate economic growth, employment, and innovation within Finland. Its investment strategy encompasses funding for rapid growth, spin-offs, major industrial projects, and sectoral and corporate restructurings. With a significant portfolio exceeding 570 million euros, Finnish Industry Investment plays a crucial role in enhancing the financial landscape for Finnish enterprises.
Revolutionizing the way bulk and break bulk shipping is planned and operated. Seaber is a Finnish maritime software company dedicated to reducing inefficiencies, errors, costs and the environmental impact of bulk and break bulk shipping. Our software solution helps charterers and shipowners to plan, communicate, operate and optimize cargo flows and fleet schedules, resulting in improved asset utilization and profitability, streamlined port calls as well as reduced fuel consumption and emissions. We’re cooperating closely with charterer and shipowner companies to drive the digital transformation of maritime logistics of the entire shipping industry.
Basemark
Series B in 2024
Basemark Oy is a company based in Espoo, Finland, specializing in performance measurement tools and services for various industries, including mobile devices and automotive applications. Founded in 2015, it provides a range of benchmarking tools such as Basemark ES 3.1 for graphics performance comparisons, Basemark OS II for system-level performance measurement across platforms like Android and iOS, and Basemark X for evaluating gaming and graphics performance. Additionally, Basemark offers Browsermark for testing browser performance on multiple devices, as well as Basemark CL for measuring OpenCL implementations. The company also focuses on augmented reality (AR) software for the automotive sector, enabling original equipment manufacturers (OEMs) to develop advanced AR applications for vehicle functions, including navigation and heads-up displays. Basemark's tools support both benchmarking and AR development, catering to the needs of device manufacturers and semiconductor companies.
Carbo Culture
Series A in 2023
Carbo Culture Oy, founded in 2016 and based in Helsinki, Finland, specializes in producing biochar from waste biomass by employing a carbon sequestration process that captures carbon dioxide from the atmosphere. The company transforms orchard waste into high-quality biochar using patented reactors, which serves various applications, including soil enhancement and contamination remediation. This biochar helps improve soil health by retaining water and nutrients, while also supporting beneficial microorganisms. Additionally, Carbo Culture's innovative approach generates renewable energy and contributes to the creation of significant carbon credits, promoting sustainable practices in agriculture and construction.
Norsepower
Series C in 2023
Norsepower Oy Ltd is a Finnish clean technology and engineering company that specializes in renewable wind energy solutions for the maritime industry. Founded in 2012 and headquartered in Helsinki, Norsepower develops low-maintenance, software-operated auxiliary wind propulsion systems aimed at reducing fuel consumption and greenhouse gas emissions in shipping. The company's flagship product, the Norsepower Rotor Sail Solution, utilizes the Magnus effect through a spinning cylinder to harness wind power for ship propulsion. This innovative technology not only helps lower fuel costs but also enhances the durability and safety of vessels, supporting the maritime industry's transition towards more sustainable operations. Norsepower has received over $6 million in funding from various investors, including venture capital firms and government agencies, to support its development and deployment efforts.
Kide Science
Convertible Note in 2022
Kide Science Oy, founded in 2017 and based in Helsinki, Finland, specializes in providing educational services that promote natural sciences through play-based learning for children aged 3 to 8. The company offers innovative kindergarten and hobby programs designed for educators and parents, featuring story-based, hands-on experiments that address real scientific challenges. This platform equips caregivers with comprehensive lesson plans and optional training to facilitate engaging early childhood education both in classrooms and remotely. Kide Science’s research-backed pedagogical approach has demonstrated improved learning outcomes and has garnered a global presence, serving over 1,000 preschools across 30 countries. The company has also launched a free teacher platform that has attracted users from over 100 countries, impacting more than one million children. Kide Science has expanded its offerings through collaborations, including a book series with Sanoma and a TV show on Finland's national broadcaster YLE. In 2022, the company partnered with DreamWorks Animation to enhance its curriculum with themed lesson plans inspired by the popular Netflix series Gabby’s Dollhouse.
IQM Quantum Computers
Series A in 2022
IQM is the pan-European leader in building quantum computers. IQM delivers on-premises quantum computers for supercomputing data centres and research labs and offers full access to its hardware. For industrial customers, IQM delivers a quantum advantage through a unique application-specific, co-design approach. IQM is building Finland’s first commercial 54-qubit quantum computer with VTT, and an IQM-led consortium (Q-Exa) is also building a quantum computer in Germany. This computer will be integrated into an HPC supercomputer to create a quantum accelerator for future scientific research. IQM has over 190+ employees with offices in Paris, Madrid, Munich, and Espoo.
Rester
Seed Round in 2022
Rester is a finnish company offering textile recycling solutions and enabling the recovery of business textiles into a new textile fibre and quality raw material.
TILT Biotherapeutics
Venture Round in 2022
TILT Biotherapeutics Ltd is a preclinical stage biotechnology company based in Helsinki, Finland, specializing in the development of genetically modified oncolytic viruses aimed at enhancing cancer treatments. The company's patented technology focuses on using these viruses to improve tumor T-cell therapies, including tumor-infiltrating lymphocyte (TIL) and chimeric antigen receptor (CAR-T) therapies, as well as checkpoint inhibitors. TILT Biotherapeutics is recognized as a leader in the global market for integrating oncolytic viruses with cancer immunotherapy. Their product pipeline includes TILT-123, TILT-234, and TILT-321, which are designed to modify the tumor microenvironment and counteract its suppression of immune responses. The innovative approach has the potential to replicate the successes seen in CAR-T therapy for solid tumors, similar to those achieved in hematological cancers.
Meeat Food Tech Oy
Seed Round in 2022
Meeat is a food and agriculture industry that focuses on developing sustainable products. Meeat is headquartered inEspoo, Southern Finland.
NoHo Partners
Post in 2022
NoHo Partners Plc is a Finnish restaurant group that operates around 250 establishments, including restaurants, bars, pubs, nightclubs, and entertainment centers across Finland, Denmark, Norway, and Switzerland. The company is known for its diverse range of restaurant concepts, such as Elite, Savoy, Teatteri, Stefan's Steakhouse, Palace, and Loyly. NoHo Partners is structured into two main segments: its Finnish operations, which are the primary source of revenue, and its international business. The group's name, derived from "Nordic Hospitality Partners," reflects its commitment to hospitality and its strategic vision.
Uute Scientific
Funding Round in 2022
Uute Scientific Oy is a biotechnology company founded in 2019 and headquartered in Southern Finland. The company specializes in producing health and wellness ingredients aimed at reducing immune-mediated diseases such as diabetes and allergies. Uute Scientific offers extracts derived from natural substances, incorporating diverse microbes sourced from forests and agricultural environments. These ingredients are designed to be integrated into standard consumer products, making them accessible to families with young children. The company's approach focuses on helping individuals develop robust immune systems and lowering the risk of developing related health issues.
Alvar Pet
Seed Round in 2021
Alvar Pet Oy is a Finnish company based in Helsinki that specializes in producing personalized dog food. Founded in 2019, the company offers tailored meal plans that address the specific dietary needs of various dog types, including adult dogs, puppies, seniors, and those with special dietary requirements. Alvar Pet focuses on sustainability, using eco-friendly ingredients and minimizing CO2 emissions throughout its operations, including supplier selection and logistics. Additionally, the company provides a home delivery service for its products and facilitates the recycling of packaging materials. This direct-to-consumer approach enables pet owners to easily access nutritious meals that support their dogs' well-being.
Dispelix
Series B in 2021
Dispelix Oy specializes in designing and manufacturing optical see-through displays for smart glasses and augmented reality applications. The company's flagship product, DiSPEL, is a near-to-the-eye display that uses a lens-like light guide to project virtual images into the user's field of view. Dispelix develops advanced waveguide combiners that serve as transparent displays in extended reality devices, effectively blending virtual elements with the real world. The company caters to industry leaders in the XR sector, helping to innovate and enhance the functionality of XR wearables. Founded in 2015 and headquartered in Espoo, Finland, Dispelix also operates subsidiaries in the United States and China.
Wirepas
Venture Round in 2021
Wirepas Ltd. specializes in wireless communication solutions for the Internet of Things (IoT), offering connectivity through its proprietary Pino solution, which enables multi-hop mesh networks. Founded in 2010 and based in Tampere, Finland, the company supports IoT projects from initial design to product delivery by providing pre-integrated, tested reference implementations along with a comprehensive support tool package. Wirepas Pino stands out in the market for its deterministic performance, adaptability to local radio conditions, and high reliability, addressing common challenges faced by IoT platforms. The company's technology allows for the creation of autonomous networks capable of supporting millions of devices, eliminating the need for traditional infrastructure while facilitating sensor, control, and low-bandwidth communication applications across various radio hardware and frequency bands.
MaaS Global
Series B in 2021
MaaS Global Ltd, founded in 2015 and based in Helsinki, Finland, operates as a pioneering mobility-as-a-service (MaaS) provider. The company has developed an innovative mobile application that integrates various public and private transportation options into a single platform, allowing users to create personalized travel plans. This application operates on a single-ticket principle, simplifying the user experience by consolidating multiple transport services. In addition to its core offerings, MaaS Global provides value-added services, such as grocery and meal deliveries, enhancing the overall convenience of urban mobility. Through its efforts, MaaS Global aims to transform transportation by offering an attractive alternative to car ownership, facilitating efficient, sustainable, and user-friendly travel solutions.
Geyser Batteries
Funding Round in 2021
Geyser Batteries Oy is a Finnish company based in Vaasa, established in 2018, that specializes in the development and manufacture of innovative high-power batteries. These batteries are designed to endure millions of charge and discharge cycles, making them suitable for demanding applications in transportation, power grid, and heavy machinery sectors. Utilizing proprietary water-based electrochemistry and patent-pending technology, Geyser Batteries produces environmentally safe, maintenance-free batteries that are fire-resistant and operational in extreme temperatures down to -60°C. Their products focus on fast and efficient charging, as well as reliability and safety, aiming to provide sustainable energy solutions for various industries.
Bob W
Seed Round in 2021
Bob W is a technology-driven hospitality provider that provides an alternative to hotels and short-stay apartments. Its exceptionally cool apartments cater to the 21st-century traveler who wants it all: the consistent quality of a hotel and the authentic flair and affordability of a short-stay rental. It combines both worlds in sustainably operated properties, which are currently available in Finland and Estonia but are expanding across Europe and beyond. The company was founded in 2018 and is headquartered in Helsinki, Finland.
Fifax
Venture Round in 2020
Fifax Ab specializes in sustainable aquaculture, primarily cultivating high-quality rainbow trout using innovative and environmentally friendly methods. The company operates a modern fish farm located in Eckerö, Storby, on the western Åland, employing a Recirculating Aquaculture System (RAS) to minimize environmental impact. With a commitment to producing fresh, domestic trout, Fifax aims to serve the Finnish and Swedish markets while prioritizing ecological sustainability in its farming practices.
IQM Quantum Computers
Series A in 2020
IQM is the pan-European leader in building quantum computers. IQM delivers on-premises quantum computers for supercomputing data centres and research labs and offers full access to its hardware. For industrial customers, IQM delivers a quantum advantage through a unique application-specific, co-design approach. IQM is building Finland’s first commercial 54-qubit quantum computer with VTT, and an IQM-led consortium (Q-Exa) is also building a quantum computer in Germany. This computer will be integrated into an HPC supercomputer to create a quantum accelerator for future scientific research. IQM has over 190+ employees with offices in Paris, Madrid, Munich, and Espoo.
ICEYE
Series C in 2020
ICEYE Oy, founded in 2014 and based in Espoo, Finland, specializes in Earth observation through its extensive synthetic aperture radar (SAR) satellite constellation. This technology allows for near real-time imaging and monitoring across various sectors, including insurance, natural disaster response, and maritime activities. ICEYE's radar satellites can capture images regardless of weather conditions or sunlight, making them invaluable for applications such as monitoring illegal fishing, oil spills, storm damage, forest growth, and crop health. The company's capabilities extend to mapping flood damage, aiding humanitarian efforts, and tracking maritime activities like piracy and port operations. By providing comprehensive and timely data, ICEYE supports informed decision-making for clients in defense, government, and insurance industries.
UpCloud
Series B in 2020
UpCloud Ltd is a cloud hosting company based in Helsinki, Finland, specializing in infrastructure-as-a-service for business-critical customers. Established in 2011, the company operates high-performance cloud servers on enterprise-grade hardware, with data centers located in London, Chicago, Frankfurt, and Helsinki. UpCloud focuses on providing extreme redundancy, high resource performance, and 100% service level agreements, making it an attractive option for enterprises. Its competitive pricing positions it among the most affordable cloud providers in Europe. The company also offers software-defined networking services for flexible private network configurations and has developed user-friendly control panels along with mobile apps for iOS and Android, allowing administrators to monitor their servers remotely.
Endev
Venture Round in 2019
Endev LTD is a Finnish clean technology company specializing in thermal treatment solutions for wastewater and industrial sludges. The company has developed the PAKU solution, which efficiently and economically processes municipal sludge on-site. Utilizing a patented combination of a circulating mass dryer and reactor, Endev's technology transforms sewage by-products into renewable resources, enabling the recovery of energy and nutrients. This innovative approach allows industries to manage the thermal treatment of biomass while reducing costs and enhancing sustainability.
IQM Quantum Computers
Seed Round in 2019
IQM is the pan-European leader in building quantum computers. IQM delivers on-premises quantum computers for supercomputing data centres and research labs and offers full access to its hardware. For industrial customers, IQM delivers a quantum advantage through a unique application-specific, co-design approach. IQM is building Finland’s first commercial 54-qubit quantum computer with VTT, and an IQM-led consortium (Q-Exa) is also building a quantum computer in Germany. This computer will be integrated into an HPC supercomputer to create a quantum accelerator for future scientific research. IQM has over 190+ employees with offices in Paris, Madrid, Munich, and Espoo.
Picosun
Venture Round in 2019
Picosun is the leading manufacturer of Atomic Layer Deposition (ALD) reactors for micro- and nanotechnology applications. Picosun provides the customers with versatile, reliable, and user-friendly ALD process tools, which offer world leading process quality and unique scalability from basic research to fully automated high throughput industrial production. Picosun is based in Espoo, Finland, its production facilities are located in Masala (Kirkkonummi), Finland, its US headquarters in Detroit, Michigan, and its Asian headquarters in Singapore. PICOSUN™ ALD process tools have been installed in various prominent industries and high-level reasearch organizations across Europe, USA, Asia and Australia. Picosun has world-wide sales and support network with distributors and representatives in over 30 countries.
Wirepas
Series B in 2019
Wirepas Ltd. specializes in wireless communication solutions for the Internet of Things (IoT), offering connectivity through its proprietary Pino solution, which enables multi-hop mesh networks. Founded in 2010 and based in Tampere, Finland, the company supports IoT projects from initial design to product delivery by providing pre-integrated, tested reference implementations along with a comprehensive support tool package. Wirepas Pino stands out in the market for its deterministic performance, adaptability to local radio conditions, and high reliability, addressing common challenges faced by IoT platforms. The company's technology allows for the creation of autonomous networks capable of supporting millions of devices, eliminating the need for traditional infrastructure while facilitating sensor, control, and low-bandwidth communication applications across various radio hardware and frequency bands.
Dispelix
Series A in 2018
Dispelix Oy specializes in designing and manufacturing optical see-through displays for smart glasses and augmented reality applications. The company's flagship product, DiSPEL, is a near-to-the-eye display that uses a lens-like light guide to project virtual images into the user's field of view. Dispelix develops advanced waveguide combiners that serve as transparent displays in extended reality devices, effectively blending virtual elements with the real world. The company caters to industry leaders in the XR sector, helping to innovate and enhance the functionality of XR wearables. Founded in 2015 and headquartered in Espoo, Finland, Dispelix also operates subsidiaries in the United States and China.
ICEYE
Series B in 2018
ICEYE Oy, founded in 2014 and based in Espoo, Finland, specializes in Earth observation through its extensive synthetic aperture radar (SAR) satellite constellation. This technology allows for near real-time imaging and monitoring across various sectors, including insurance, natural disaster response, and maritime activities. ICEYE's radar satellites can capture images regardless of weather conditions or sunlight, making them invaluable for applications such as monitoring illegal fishing, oil spills, storm damage, forest growth, and crop health. The company's capabilities extend to mapping flood damage, aiding humanitarian efforts, and tracking maritime activities like piracy and port operations. By providing comprehensive and timely data, ICEYE supports informed decision-making for clients in defense, government, and insurance industries.
Kaiku Health
Series A in 2018
Kaiku Health Oy is a digital health company based in Helsinki, Finland, focused on enhancing the quality of life for patients, particularly those undergoing cancer treatment. Founded in 2012, the company offers a user-centered platform that facilitates communication between patients and medical staff in multiple languages, including Swedish, English, German, and Finnish. Its software is designed to monitor patient-reported outcomes and track symptoms intelligently, allowing clinics to optimize care through timely interventions and improved efficiency. Kaiku Health serves over 30 hospitals and clinics across Finland, Sweden, and Switzerland, helping to streamline workflows and prioritize clinical actions. The company evolved from its original name, Netmedi Oy, in 2017 and operates as a subsidiary of Elekta AB. A dedicated team of over 20 employees drives its mission, supported by various venture capital funds and the Finnish Funding Agency for Innovation.
Oura
Series A in 2018
Oura is a Finland-based company that specializes in developing a smart wellness ring designed to monitor and track various biometric data related to health and wellness. The ring, paired with a smartphone application, enables users to gain insights into their sleep patterns, readiness, and activity levels. By utilizing advanced sensors, the device collects information on heart rate, sleep cycles, and overall activity, providing users with valuable physiological and behavioral data. This innovative approach supports individuals in understanding their body's responses to rest, recovery, and daily activities, thus promoting a healthier lifestyle.
Zervant
Series B in 2018
Zervant is a company based in Espoo, Finland, founded in 2010, that specializes in providing an online invoicing platform tailored for micro enterprises across Europe. The platform caters to sole traders and small businesses, offering features such as e-invoicing, postal invoicing, payment reminders, time tracking, and payment scheduling. By automating the invoicing process, Zervant helps its clients enhance efficiency in managing their financial operations. The company's core markets include Finland, Sweden, the UK, France, Germany, Belgium, and Austria.
BCB Medical
Private Equity Round in 2017
BCB Medical Ltd. is a healthcare software company based in Turku, Finland, with additional offices in Oulu, Tampere, and Espoo. Founded in 2003, the company specializes in the collection, management, processing, and utilization of medical information for tissue banks, hospitals, and hospital districts, primarily in the Nordic countries. BCB Medical offers a range of services, including the Disease-Specific Bullet Registry, a comprehensive integration platform that manages various types of medical data such as patient information, laboratory results, and treatment details. The company also provides a self-help service, Omavointi, which facilitates patient engagement regarding their health and self-care. Additionally, BCB 360° is a data service that refines and analyzes collected information, making it more accessible for healthcare professionals. BCB Medical's solutions span multiple medical fields, including orthopedics, oncology, neurology, and more, ensuring compliance with healthcare regulations while emphasizing quality and transparency in treatment processes.
Visedo
Debt Financing in 2016
Visedo Oy specializes in the development, manufacture, and delivery of advanced electric and hybrid drive trains designed for heavy-duty applications in mobile work machinery, marine vessels, and buses. Based in Lappeenranta, Finland, the company focuses on solutions that operate effectively in harsh environments. Its drive trains are suitable for both hybrid electric and fully electric vehicles, providing innovative technology aimed at reducing fuel consumption, emissions, and noise levels. By employing state-of-the-art electric components, Visedo enables clients to enhance productivity while minimizing their environmental impact.
Optofidelity
Venture Round in 2016
Optofidelity, founded in Finland, specializes in robot-assisted testing and quality assurance for smart devices. The company has established itself as a leader in developing machine vision systems that enhance the measurement capabilities within the smart device ecosystem. Optofidelity's innovative solutions cater to major manufacturers of smartphones, tablets, laptops, automotive infotainment systems, and industrial smart machinery. By focusing on the intersection of technology and user experience, Optofidelity aims to improve the quality and performance of electronic devices, ultimately enhancing consumer satisfaction. The company's commitment to excellence in testing and production services positions it as a key player in advancing the standards of smart device functionality and reliability.
Onbone
Venture Round in 2015
Onbone Ltd is a Finnish innovative company working on the field of medical technology. The company develops and markets innovative and user-friendly Woodcast products for orthopaedic and traumatology use. Onbone Ltd has eleven employees and the products are sold in Finland, Germany, Sweden, Holland and Great Britain.
NewIcon
Venture Round in 2014
NewIcon Oy is a health technology company established in 2007, specializing in pharmacy automation systems. As a market leader in Finland, the company has successfully implemented its automated medication dispensing solutions in over 100 pharmacies and hospitals across multiple countries, including Denmark, Russia, Israel, Iran, and China. With a workforce of approximately 70 employees, NewIcon Oy generates a turnover exceeding € 7 million. The company is committed to quality, operating under a certified ISO 9001 quality management system, and focuses on using robotics and advanced software to enhance the efficiency and safety of medication distribution, allowing healthcare providers to prioritize patient care.
Mekitec
Venture Round in 2014
Mekitec Oy is a manufacturer and distributor of X-ray food quality control systems tailored for the food industry. Established in 2005 and based in Oulu, Finland, the company provides X-ray devices, rejecters, and maintenance services before and after installation. Mekitec's systems capture high-quality images of food products and utilize image analysis to detect foreign objects such as glass, metal, stones, and dense plastics, as well as various quality defects. In addition to inspection systems, the company offers data analytics tools that provide insights into the food manufacturing process, helping food brands ensure the safety and quality of their products while promoting sustainable food production. Mekitec serves a global customer base, enhancing quality control in the food sector.
Visedo
Venture Round in 2013
Visedo Oy specializes in the development, manufacture, and delivery of advanced electric and hybrid drive trains designed for heavy-duty applications in mobile work machinery, marine vessels, and buses. Based in Lappeenranta, Finland, the company focuses on solutions that operate effectively in harsh environments. Its drive trains are suitable for both hybrid electric and fully electric vehicles, providing innovative technology aimed at reducing fuel consumption, emissions, and noise levels. By employing state-of-the-art electric components, Visedo enables clients to enhance productivity while minimizing their environmental impact.
Visionplus
Venture Round in 2012
Vision+ is a Finnish company that invests into digital products such as applications, games and services in all digital platforms. The company also invests in Internet and SaaS services, apps and sometimes in special content IP deals. The Fund’s management team has extensive background in technology, as business angels in seed investments, entrepreneurship and the creation of successful new product, content, services and business. Members of the management team have also run development and business organizations of significant scale in global setting.
Mendor
Series B in 2011
Mendor is a Finnish company, committed to the design, development and marketing of advanced diabetes management products. Mendor has launched a revolutionary, discreet, easy to use, portable all-in-one blood glucose meter and web-based software application for the daily management of diabetes. Mendor has designed its products together with users and diabetes experts to address the needs of people with diabetes requiring regular blood glucose monitoring.
Silecs
Series E in 2011
Silecs, Inc. develops and manufactures electronic and optical materials for semiconductors, image sensors, and displays to the microelectronics industry. Its materials solutions integrate with standard device manufacturing processes. The company's products are used in low temperature dielectric, CMOS sensor and other electro-optic, TFT-LCD displays and other optical, sub-Al IMD, BPSG leveling, partial and total etchback planarization, masking and other sacrificial, ultra low-k IMD, devices requiring low refractive index films, medium and high temperature, STI, PMD, thick film, passivation, and MEMS applications. It also provides local and regional customer support. The company has operating centers in Asia, the United States, and Europe; and a manufacturing, and research and development facility in Espoo, Finland. Silecs, Inc. was founded in 2000 and is headquartered in Mountain View, California
Nexstim
Venture Round in 2011
Nexstim Plc is a medical technology company based in Helsinki, Finland, specializing in non-invasive brain stimulation technologies. Founded in 2000, it focuses on developing and marketing navigated transcranial magnetic stimulation (nTMS) systems, utilizing its proprietary SmartFocus technology with 3D navigation for precise targeting of brain regions. The company offers the NBT system for treating major depressive disorder and chronic neuropathic pain, as well as the NBS system for pre-surgical mapping of speech and motor cortices. Nexstim primarily serves universities and teaching hospitals, with a significant portion of its revenue generated in North America and its products marketed across Europe and internationally.
European Batteries
Venture Round in 2011
European Batteries Ltd, a Finland-based company that develops and manufactures large, rechargeable lithium-ion based prismatic cells and battery systems.
Valmet Automotive
Venture Round in 2010
Valmet Automotive, a Uusikaupunki, Finland-based electric vehicle developer and manufacturer. Valmet Automotive provides engineering, manufacturing and business services for the automotive industry. In 2009, the company generated net sales of €56m and employed some 800 people. It manufactures Porsche Cayman sports cars, electric Garia golf cars and THINK City urban cars in Uusikaupunki, Finland. Cuca
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.
Silecs
Venture Round in 2009
Silecs, Inc. develops and manufactures electronic and optical materials for semiconductors, image sensors, and displays to the microelectronics industry. Its materials solutions integrate with standard device manufacturing processes. The company's products are used in low temperature dielectric, CMOS sensor and other electro-optic, TFT-LCD displays and other optical, sub-Al IMD, BPSG leveling, partial and total etchback planarization, masking and other sacrificial, ultra low-k IMD, devices requiring low refractive index films, medium and high temperature, STI, PMD, thick film, passivation, and MEMS applications. It also provides local and regional customer support. The company has operating centers in Asia, the United States, and Europe; and a manufacturing, and research and development facility in Espoo, Finland. Silecs, Inc. was founded in 2000 and is headquartered in Mountain View, California
Virtual Air Guitar
Seed Round in 2007
Virtual Air Guitar Company Oy, founded in 2006 and based in Espoo, Finland, specializes in the development of console games that offer unique gaming experiences through innovative technology. Its flagship product, Virtual Air Guitar, allows players to simulate playing the air guitar while controlling music using advanced computer vision technology. The company leverages its proprietary FreeMotion technology, which enables real-time background removal and skeleton tracking using standard 2D cameras. This technology facilitates immersive gameplay that incorporates full-body action and precise fingertip control, enhancing the overall user experience in motion gaming.
Nexstim
Venture Round in 2007
Nexstim Plc is a medical technology company based in Helsinki, Finland, specializing in non-invasive brain stimulation technologies. Founded in 2000, it focuses on developing and marketing navigated transcranial magnetic stimulation (nTMS) systems, utilizing its proprietary SmartFocus technology with 3D navigation for precise targeting of brain regions. The company offers the NBT system for treating major depressive disorder and chronic neuropathic pain, as well as the NBS system for pre-surgical mapping of speech and motor cortices. Nexstim primarily serves universities and teaching hospitals, with a significant portion of its revenue generated in North America and its products marketed across Europe and internationally.
OptoGaN
Venture Round in 2007
Optogan Group is one of technology leaders developing and producing High Brightness Light Emitting Diodes (HB LEDs) for global applications including Solid State Lighting. Optogan’s geography includes R&D operation in Helsinki, Finland and Dortmund, Germany and 2 production facilities: Landshut, Germany and St. Petersburg, Russia.
Quosis
Seed Round in 2007
As of March 18, 2008, Quosis Oy was acquired by Proactum Oy. Quosis Oy operates as an open source software service company. It offers open-source based solutions and services, including portal solution for managing organization’s information and services; content management for gathering, sharing, saving, and producing information; business process management for automating, monitoring, managing, and improving key processes; integration of information systems; and instant messaging for improving the organizational information exchange. The company also offers open source consultation and software development services. It serves the paper industry. The company was founded in 2004 and is headquartered in Jyvaskyla, Finland.
Aspida
Venture Round in 2006
Aspida Oy is a Finnish software company established already in 2002. Since then corporate analysis has been our primary business focus. Our initial customers have been financial inspection units in the public sector. Since the beginning Aspida's products offering has been tightly focused on analysis and visualization tools.
Max Rumpus
Venture Round in 2006
Max Rumpus Ltd. is an innovative software company providing mobile publishing tools for its global customers. Headquartered in Helsinki, Finland, Max Rumpus is leading the development of products focused on changing the way people create and experience visual communication on mobile devices. The company was founded in 2001 by former employees of Wapit Ltd, a mobile software company in Helsinki. In its first 2 years, Max Rumpus launched its first software product, Yes!Message, and grew a successful consultancy business around software productization services for both mobile and PC based technologies. The first Maxdox products were launched in August of 2003. Today the company has centered its business on providing Maxdox Mobile Publisher.
Helmi Technologies
Series B in 2006
Helmi Technologies, Inc. provides user interface software solutions for enterprise Web developers. The company provides Rich Internet Application Platform that includes Virtual Browser, Intelligent Web Application Structure, UI component library, and Plug-ins for Web-development tools, as well as services, including custom component creation, migration service for current applications, consultation, and support. Helmi Technologies, Inc. was founded in 2004 and is based in Oulu, Finland. The company also has offices in San Jose, California and Helsinki, Finland.
AegirBio
Seed Round in 2006
AegirBio AB is a Swedish diagnostics company focused on developing innovative home testing solutions for oral health, therapeutic drug monitoring, and infectious diseases. The company has established a platform that enhances lateral flow tests, significantly improving their sensitivity and precision compared to traditional methods. AegirBio's product lineup includes the Veritope technology, which measures intact natalizumab for multiple sclerosis, alongside the MagniaReader, designed for both research and veterinary use. Their advancements enable robust, affordable, and easy-to-use testing instruments applicable across human health, veterinary, food safety, and environmental sectors. By leveraging novel techniques, AegirBio aims to expand the market for lateral flow tests and enhance patient care through more reliable diagnostics.
6sense Innovations
Venture Round in 2006
6sense Innovations is a technology company based in Helsinki, Finland, founded in 2000. It specializes in computer vision solutions and develops multivendor video surveillance systems that enable live and recorded video access tailored to user needs. The company's IP-based technology integrates various existing video systems into a unified interface, allowing businesses to record, analyze, and archive video footage from multiple sources without technical limitations. 6sense Innovations serves a diverse range of industries, including security, telecommunications, parking, manufacturing, real estate, and healthcare.
Ipsat Therapies
Series C in 2005
Ipsat Therapies, a biotechnology company, develops intestinal protection systems in antibiotic treatment. It focuses on the development of products for the prevention of antibiotic resistance, antibiotic-associated diarrhea, and hospital associated infections. The company offers bioengineered enzyme, which removes the excess unabsorbed harmful antibiotic in intestine and maintains a normal intestinal microflora. It also develops various antibiotics, including penicillin, cephalosporin, carbapenems, and fixed combination products. Ipsat Therapies Oy was founded in 1999 and is based in Helsinki, Finland.
Neoxen Systems
Venture Round in 2004
Neoxen Systems is a Finnish software services company that specializes in designing and developing solutions for information and communication technology process improvement. Founded in 2002 and headquartered in Turku, Finland, with an additional office in Helsinki, the company offers products such as the Neoxen QX Framework, a development platform for creating system software components and distributed business applications, as well as Neoxen Modus, which enhances product development and quality assurance processes. Neoxen also provides open-source tools for Windows-Linux professionals and a range of professional services, including IT consulting, software engineering, quality assurance, and staffing solutions. As a long-term Microsoft Gold Partner, Neoxen is recognized for its expertise in cloud technologies, particularly Windows Azure and Office 365. The company collaborates with various research centers and technology providers, ensuring it remains at the forefront of innovation in the industry.
TILT Biotherapeutics
TILT Biotherapeutics Ltd is a preclinical stage biotechnology company based in Helsinki, Finland, specializing in the development of genetically modified oncolytic viruses aimed at enhancing cancer treatments. The company's patented technology focuses on using these viruses to improve tumor T-cell therapies, including tumor-infiltrating lymphocyte (TIL) and chimeric antigen receptor (CAR-T) therapies, as well as checkpoint inhibitors. TILT Biotherapeutics is recognized as a leader in the global market for integrating oncolytic viruses with cancer immunotherapy. Their product pipeline includes TILT-123, TILT-234, and TILT-321, which are designed to modify the tumor microenvironment and counteract its suppression of immune responses. The innovative approach has the potential to replicate the successes seen in CAR-T therapy for solid tumors, similar to those achieved in hematological cancers.
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