Vendep Capital

Vendep Capital is a venture capital firm founded in 2013 and based in Espoo, Finland. Specializing in early-stage investments, it focuses primarily on B2B software-as-a-service (SaaS) companies and B2B marketplaces within the Nordic and Baltic regions. The firm invests between 0.1 and 3 million euros, depending on the stage of the company. Vendep Capital aims to support entrepreneurs by leveraging its extensive expertise in SaaS and a strong global network to accelerate the growth of promising startups.

Samuli Aheristo

Investment Analyst

Sami Ahvenniemi

General Partner

Jupe Arala

General Partner

Artis Bisers

Investment Analyst

Timo Felin

Investment Director

Janiina Lammi

Investment Director

Sakari Pihlava

General Partner

45 past transactions

Behavix

Seed Round in 2025
Behavix Inc. is a pioneering company dedicated to revolutionizing the collection, processing, and utilization of behavioral data. Founded in 2023 by industry veterans Hannu Verkasalo and Surath Chatterji, Behavix provides innovative AI-powered solutions that enable businesses to make data-driven decisions with real-time, high-quality insights. With its unique Behavioral Data as a Service model, Behavix is set to disrupt the market research industry and lead the next wave of innovation in consumer data analytics.

Mazepay

Venture Round in 2024
Mazepay is a financial software provider that specializes in payment and process integration solutions. The company's offerings are designed to assist procurement and finance professionals in streamlining long-tail procurement, ultimately enhancing business efficiency and facilitating growth. By fostering strategic collaborations with major commercial banks and Mastercard, Mazepay aims to position itself as a leading solution in the market. Its software helps large enterprises simplify their long-tail spending, thereby supporting sustainable business practices and ensuring financial stability.

Claimlane

Seed Round in 2024
Claimlane is a company based in Copenhagen that has developed a platform aimed at improving the handling of product complaints within the retail and fashion industries. Founded by a team of fashion wholesalers, IT specialists, and a surfer, Claimlane addresses the inefficiencies associated with managing complaints, helping retailers and brands resolve issues related to faulty goods, repairs, product warranties, and return claims. The platform offers an omnichannel software-as-a-service (SaaS) solution designed to streamline the claims process, ultimately enhancing customer satisfaction by transforming negative experiences into positive outcomes. Through its innovative approach, Claimlane seeks to eliminate time-wasting procedures and frustrations for both businesses and customers.

HappySignals

Venture Round in 2024
HappySignals is a company that specializes in developing an experience management platform aimed at enhancing employee experience within organizations. By focusing on measuring and analyzing employee happiness and productivity, HappySignals enables businesses to improve their internal services. The platform leverages employee experience data and artificial intelligence to provide insights that facilitate a more human-centric approach to service management. This approach helps organizations optimize the balance between service costs, lost work time, and employee satisfaction, ultimately leading to a more productive workforce and improved overall performance.

Hopsworks

Series B in 2023
Hopsworks, founded in 2016 and based in Stockholm, Sweden, is a developer of a data platform that focuses on artificial intelligence and machine learning. The company offers Hops Enterprise Services, which utilizes deep learning, stream processing, and SQL capabilities. Hopsworks provides an on-premise data management and data science platform called Hopsworks Enterprise, which includes tools for planning, pricing, and calculating return on investment for data scientists. The platform is designed to support the development and management of feature, training, and inference pipelines at scale, catering to diverse data teams and sources. Hopsworks specializes in technologies such as TensorFlow, Flink, MySQL, and HDFS, enabling clients to implement AI solutions for complex business challenges with optimal performance and availability.

Agileday

Funding Round in 2023
Agileday is a developer of a software-as-a-service (SaaS) operating platform tailored for professional services. The platform provides a comprehensive view of organizational operations, focusing on skills management, competence development, and advanced staffing and resourcing capabilities. By incorporating intelligent business forecasting, organizational pulse tracking, and insight gathering, Agileday enables clients to adapt and scale their operations effectively. The emphasis on a people-first approach distinguishes Agileday in the market, positioning it as a vital resource for organizations seeking to enhance their operational efficiency and adaptability.

PatentRenewal.com

Seed Round in 2023
PatentRenewal.com is an online platform designed to facilitate the payment of patent annuities across over 230 jurisdictions, streamlining the renewal process for intellectual property. It offers an intuitive digital interface that automates international patent renewals, allowing clients to manage their IP portfolios efficiently. The platform handles renewal payments according to user-defined instructions and generates invoices and communication on behalf of intellectual property law firms. By eliminating intermediaries and reducing administrative tasks, PatentRenewal.com aims to minimize risks and uncertainties associated with patent renewals, providing a cost-effective and straightforward solution for clients.

Happeo

Series B in 2022
Happeo is a digital workplace platform that offers an advanced intranet solution for teams to manage knowledge and internal communications effectively. The platform features a template-based page builder, integrations, and a universal search functionality that simplifies access to various company tools. Happeo's user-friendly design makes it suitable for organizations of all sizes, with notable clients like Doctolib, GANT, and Marqeta utilizing its services to enhance team alignment and productivity. The platform supports internal communicators by managing calendars, files, conferencing, and projects, while also integrating with CRM and HR systems. Happeo aims to foster engagement and create a positive employee experience, achieving adoption rates that are three times higher than the industry average.

My Telescope

Pre Seed Round in 2022
My Telescope is a developer of an automated market research assistant platform that leverages AI and predictive analytics to provide businesses with actionable insights. The platform aggregates and analyzes high-frequency data from diverse sources, enabling investment analysts, business strategists, and market researchers to understand market demand, interest, and potential sales. By converting search, media, and social listening data into valuable information, My Telescope facilitates campaign planning, brand and market assessment, and evaluation of campaign effectiveness. This comprehensive approach helps companies identify market opportunities, assess brand performance, and mitigate potential risks, empowering them to make informed business decisions based on real-time insights.

Videoly

Series A in 2022
Videoly is an automated video discovery and management tool for e-commerce. With Videoly online stores can get product videos (brand videos, reviews, unboxings, etc.) flowing automatically to their product pages without any manual work. Having videos on product pages have been A/B test proven to increase conversions, order value and time spent on site.

myPlane

Seed Round in 2022
Making the future of air travel by digitalising airline charter flight sales, distribution and management processes globally. myPlane's platform is the easiest way for airlines to offer their excess and idle capacity for sale and rent, and to manage their ad-hoc charter operations in a streamlined digital way to increase their efficiency, sales and bottom line. Simultaneously, myPlane's platform is the easiest way for Travel Agencies to book private charter flights, in real-time, to serve their customers and groups with totally customised air travel and the best deals available. Our centralised digital marketplace is linking the aircraft supply and overcapacity with market demand, in real-time.

Woomio

Series A in 2022
Woomio is a developer of influencer management software that aims to enhance the effectiveness of influencer marketing for companies. Believing in the significant value that influencer marketing brings, Woomio provides essential data and insights to assist businesses before and after their collaborations with influencers. The software enables marketers to discover suitable influencers, track performance automatically, and manage campaigns efficiently. By analyzing audiences and creating custom workflows, Woomio helps clients optimize their return on investment in influencer marketing. Additionally, the platform automates the measurement of influencer performance and consolidates content, all while facilitating the creation of professional evaluation reports in a matter of minutes. This approach seeks to make influencer marketing campaigns more accessible and transparent, benefiting all parties involved.

GBuilder

Venture Round in 2021
A real estate project and construction management software for material options and configurations, change requests and management, dynamic 3D & VR visualisations, defect management, communications, documentation, and much more.

Xolo

Series A in 2021
Xolo is focusing on 40 million professionals globally who have chosen to run their business independently. Its aim is to reduce time spent on business administration to near zero by offering an incredibly simple online platform that merges company formation, banking, accounting, and other services. Xolo is the quickest and easiest way to launch and run a one-person freelancing business in Europe. Its largest markets are Germany, Spain, France, the UK, Ukraine, and Turkey. Xolo's typical customers are software developers, management consultants, designers, or other independent professionals.

AppFollow

Series A in 2020
AppFollow is a B2B SaaS platform that assists mobile app owners in managing their applications across various app stores. It provides essential analytics on app reviews and search result positions, delivering insights directly to popular communication tools such as Slack and Salesforce, among others. The platform enables users to track keyword performance, enhance organic installs through App Store Optimization tools, and monitor competitors and market leaders. Supporting five major stores—App Store, Google Play, Microsoft Store, Mac App Store, and Amazon—AppFollow integrates with over 30 popular services and offers translation support in 31 languages, catering to a global audience. Trusted by over 50,000 companies, including notable names like HBO, Airbnb, and Uber, AppFollow focuses on improving user sentiment and customer satisfaction through comprehensive metrics monitoring and review analysis.

HappySignals

Series A in 2020
HappySignals is a company that specializes in developing an experience management platform aimed at enhancing employee experience within organizations. By focusing on measuring and analyzing employee happiness and productivity, HappySignals enables businesses to improve their internal services. The platform leverages employee experience data and artificial intelligence to provide insights that facilitate a more human-centric approach to service management. This approach helps organizations optimize the balance between service costs, lost work time, and employee satisfaction, ultimately leading to a more productive workforce and improved overall performance.

Uploadcare

Seed Round in 2019
Uploadcare, Inc. is a file management platform and content delivery network (CDN) that specializes in user-generated content. Founded in 2011 and based in Wilmington, Delaware, the company provides a robust application programming interface (API) that facilitates the uploading, managing, processing, rendering, optimizing, and delivering of files. Uploadcare's solutions cater to various industries, including e-commerce, e-learning, software as a service (SaaS), and healthcare, allowing clients to automate their file-handling workflows and reduce infrastructure costs. Its offerings include tools for uploading and editing images from multiple sources, such as computers and social media accounts, as well as features for secure uploads and content optimization. Through its innovative products, Uploadcare has established itself as a reliable technology partner in the content delivery market.

AppFollow

Seed Round in 2019
AppFollow is a B2B SaaS platform that assists mobile app owners in managing their applications across various app stores. It provides essential analytics on app reviews and search result positions, delivering insights directly to popular communication tools such as Slack and Salesforce, among others. The platform enables users to track keyword performance, enhance organic installs through App Store Optimization tools, and monitor competitors and market leaders. Supporting five major stores—App Store, Google Play, Microsoft Store, Mac App Store, and Amazon—AppFollow integrates with over 30 popular services and offers translation support in 31 languages, catering to a global audience. Trusted by over 50,000 companies, including notable names like HBO, Airbnb, and Uber, AppFollow focuses on improving user sentiment and customer satisfaction through comprehensive metrics monitoring and review analysis.

AlphaSense

Series B in 2019
AlphaSense, Inc. is a market intelligence platform that specializes in information discovery for research professionals. Founded in 2007 and headquartered in New York, the company operates additional offices in London, Helsinki, Pune, and the U.S. Its platform allows users to efficiently search and analyze a wide range of financial data, including filings, research reports, and news, by utilizing natural language processing and advanced search algorithms. With nearly 2,000 enterprise clients, including a significant number of S&P 500 companies, AlphaSense empowers organizations to make informed business decisions quickly and confidently. The platform's capabilities include setting alerts and navigating through vast amounts of data to extract crucial insights across various industries.

Xolo

Series A in 2019
Xolo is focusing on 40 million professionals globally who have chosen to run their business independently. Its aim is to reduce time spent on business administration to near zero by offering an incredibly simple online platform that merges company formation, banking, accounting, and other services. Xolo is the quickest and easiest way to launch and run a one-person freelancing business in Europe. Its largest markets are Germany, Spain, France, the UK, Ukraine, and Turkey. Xolo's typical customers are software developers, management consultants, designers, or other independent professionals.

Leadfeeder

Series A in 2019
Leadfeeder is a tool that lets you know more about your website visitors and converts promising visitors into sales leads. It shows you a list of companies that have visited your website and you can see what pages they loaded and how they found you. Leadfeeder connects to your Google Analytics using the API and fetches data about website visitors. When you see an interesting lead, you can email it to your sales team or send it straight to your CRM. Leadfeeder was founded in 2012 and is based in Helsinki, Finland.

HappySignals

Seed Round in 2019
HappySignals is a company that specializes in developing an experience management platform aimed at enhancing employee experience within organizations. By focusing on measuring and analyzing employee happiness and productivity, HappySignals enables businesses to improve their internal services. The platform leverages employee experience data and artificial intelligence to provide insights that facilitate a more human-centric approach to service management. This approach helps organizations optimize the balance between service costs, lost work time, and employee satisfaction, ultimately leading to a more productive workforce and improved overall performance.

Hostaway

Seed Round in 2018
Hostaway Oy is a technology company based in Helsinki, Finland, specializing in an online platform designed for vacation rental managers. Founded in 2015, the company provides tools that enhance property management by facilitating bookings, guest communication, and financial reporting. Hostaway's platform enables property managers to optimize their operations by integrating with various listing sites, allowing them to manage existing and create new listings across multiple sales channels. This functionality helps users increase their client base, synchronize calendars, adjust pricing, and streamline the approval process for bookings, ultimately leading to more bookings and higher revenues.

Happeo

Seed Round in 2018
Happeo is a digital workplace platform that offers an advanced intranet solution for teams to manage knowledge and internal communications effectively. The platform features a template-based page builder, integrations, and a universal search functionality that simplifies access to various company tools. Happeo's user-friendly design makes it suitable for organizations of all sizes, with notable clients like Doctolib, GANT, and Marqeta utilizing its services to enhance team alignment and productivity. The platform supports internal communicators by managing calendars, files, conferencing, and projects, while also integrating with CRM and HR systems. Happeo aims to foster engagement and create a positive employee experience, achieving adoption rates that are three times higher than the industry average.

AppFollow

Seed Round in 2018
AppFollow is a B2B SaaS platform that assists mobile app owners in managing their applications across various app stores. It provides essential analytics on app reviews and search result positions, delivering insights directly to popular communication tools such as Slack and Salesforce, among others. The platform enables users to track keyword performance, enhance organic installs through App Store Optimization tools, and monitor competitors and market leaders. Supporting five major stores—App Store, Google Play, Microsoft Store, Mac App Store, and Amazon—AppFollow integrates with over 30 popular services and offers translation support in 31 languages, catering to a global audience. Trusted by over 50,000 companies, including notable names like HBO, Airbnb, and Uber, AppFollow focuses on improving user sentiment and customer satisfaction through comprehensive metrics monitoring and review analysis.

Giosg.com

Venture Round in 2018
Giosg.com Ltd, founded in 2011 and headquartered in Helsinki, Finland, specializes in providing online tools for real-time customer analysis and communication. The company offers features such as visitor behavior analysis, which helps businesses gauge the potential of each website visitor. Giosg.com enables users to set up rules and build workflows to engage the right visitors at the optimal moment. Its services cater to various industries, including banking, insurance, automotive, real estate, e-commerce, telecommunications, retail, and travel. In addition to its headquarters, Giosg.com has offices in London, Stockholm, Oslo, and Tampere.

Aves Netsec

Seed Round in 2018
Aves Netsec is a cybersecurity company based in London, England, founded in 2014 by Simo Kohonen. The company specializes in a cyber deception platform designed to reduce cyber threats within organizations. Aves Netsec’s solution enhances network security by creating a protective layer that hinders attackers' capabilities. It allows enterprises to capture and analyze cyber threats, providing insights into attacker motives and enabling the development of risk profiles. This intelligence helps organizations quantify the impacts of attacks and strengthen their overall security posture. By facilitating the observation and mitigation of advanced cyber threats, Aves Netsec aims to empower clients to better defend their information assets against unsolicited intrusions.

Utopia Analytics

Venture Round in 2017
Utopia Analytics Oy, established in 2014 and headquartered in Helsinki, Finland, specializes in developing text analytics software that delivers automated real-time moderation for user-generated content. The company utilizes a scalable SaaS language service powered by artificial intelligence and machine learning, enabling the automatic processing, analysis, and visualization of large volumes of unstructured text across various languages. Its AI Moderator technology actively monitors online discussions, social media posts, and peer-to-peer commerce sites, identifying, flagging, and removing unwanted or suspicious content in real time. With a team composed of experts in text analytics, artificial intelligence, and software development, Utopia Analytics aims to transform the management and utilization of user-generated content.

Brella

Seed Round in 2017
Brella Ltd. is a Finnish company that specializes in developing a networking platform designed for events, conferences, and live streams. Founded in 2016 and based in Jyvaskyla, Brella's application utilizes a matchmaking algorithm powered by artificial intelligence to facilitate connections among attendees. It enables professionals to discover high-value contacts, such as potential clients, colleagues, investors, and other relevant business connections, thereby enhancing their networking experiences. By streamlining the process of finding and meeting the right people at the right time, Brella aims to simplify and improve the overall effectiveness of networking at various events.

PromoRepublic

Seed Round in 2016
PromoRepublic is a provider of a software-as-a-service (SaaS) platform focused on online digital promotion and social marketing. Founded in 2014 and based in Kyiv, Ukraine, the platform assists users in acquiring and engaging customers through various promotional mechanics, including contests and sweepstakes. It enables marketers to launch campaigns across multiple social media channels, such as Facebook and Twitter, as well as through mobile applications and standalone websites. The company's solutions cater to a diverse clientele that includes digital agencies, small and medium-sized enterprises, large corporations, and retail brands. PromoRepublic's technology is designed to enhance online visibility, maintain brand consistency, and streamline marketing efforts for multi-location businesses and agencies.

AlphaSense

Series A in 2016
AlphaSense, Inc. is a market intelligence platform that specializes in information discovery for research professionals. Founded in 2007 and headquartered in New York, the company operates additional offices in London, Helsinki, Pune, and the U.S. Its platform allows users to efficiently search and analyze a wide range of financial data, including filings, research reports, and news, by utilizing natural language processing and advanced search algorithms. With nearly 2,000 enterprise clients, including a significant number of S&P 500 companies, AlphaSense empowers organizations to make informed business decisions quickly and confidently. The platform's capabilities include setting alerts and navigating through vast amounts of data to extract crucial insights across various industries.

EzyInsights

Venture Round in 2016
EzyInsights is an online viral content discovery platform for publishers and content providers. It acts as a social media analytics tool that runs straight from the users’ web browsers. EzyInsights was launched in February 2012 and is based in Helsinki, Southern Finland.

Sumoware

Venture Round in 2015
Sumoware provides the funkiest apps for creative people. Sumoware's first application SumoPaint has over 30 million unique users world wide. Next Sumoware is launching several applications as part of it's new platform SumoSchool .

Surveypal

Seed Round in 2015
Surveypal, Inc. operates an online customer survey platform that enables businesses to collect and analyze customer feedback effectively. Founded in 2011 and based in San Francisco, California, the company provides a suite of tools that includes feedback automation, a style editor, office compatibility, and CRM integration. Surveypal's platform allows users to send, receive, and track surveys, helping organizations monitor customer satisfaction on a daily basis. By leveraging technology and feedback management models, Surveypal assists companies in engaging with customers at every stage of the customer journey, transforming real-time feedback into actionable insights to enhance customer, employee, and brand experiences.

PromoRepublic

Angel Round in 2015
PromoRepublic is a provider of a software-as-a-service (SaaS) platform focused on online digital promotion and social marketing. Founded in 2014 and based in Kyiv, Ukraine, the platform assists users in acquiring and engaging customers through various promotional mechanics, including contests and sweepstakes. It enables marketers to launch campaigns across multiple social media channels, such as Facebook and Twitter, as well as through mobile applications and standalone websites. The company's solutions cater to a diverse clientele that includes digital agencies, small and medium-sized enterprises, large corporations, and retail brands. PromoRepublic's technology is designed to enhance online visibility, maintain brand consistency, and streamline marketing efforts for multi-location businesses and agencies.

Zoined

Pre Seed Round in 2015
Zoined is a Finnish company that offers a cloud-based reporting and analytics platform tailored for merchants across various sectors, including fashion, specialty retail, food retail, coffee shops, and restaurants. Founded in 2011, Zoined allows users to implement its services without the need for extensive IT projects. The platform automatically collects data from merchants' point-of-sale systems and other sources, identifying trends and insights related to sales, inventory, and overall performance. Users receive daily, weekly, and monthly updates, which can be accessed through a browser-based portal compatible with both desktop and mobile devices. The platform enables users to filter and group data, as well as create custom views, charts, and graphs. This analytical capability assists businesses in understanding customer behavior, targeting markets, forecasting demand, and planning product assortments for cross-selling and up-selling opportunities.

VividWorks

Venture Round in 2014
VividWorks Ltd. offers innovative online 3D design-to-purchase SaaS platform solutions to the global market. We provide instantly accessible tools, which enable visual customization of products as a part of the purchase experience. Our customer base includes multiple major furniture manufacturers and retail chains.

Inside Secure

Seed Round in 2014
Inside Secure, formerly known as INSIDE Contactless S.A., is a French company specializing in open-standard contactless payment and near field communication (NFC) technologies. Founded in 1995 and headquartered in Aix en Provence, it develops a range of semiconductors and software solutions tailored for applications in payment, transit, identity, and access control. Its product offerings include contactless reader interface chips, NFC interface circuits, contactless payment platforms, and memory chips, as well as USB desktop readers and couplers. The company also provides professional services such as application development, pre-personalization, and system integration. Inside Secure serves a diverse clientele, including payment card and mobile phone manufacturers, systems integrators, and financial institutions, and has established a global presence with offices in various countries, including China, Singapore, Poland, South Korea, and the United States.
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