Vendep Capital

Vendep Capital is a Finland-based early-stage venture capital firm that concentrates on pre-series A technology companies across Europe. It specializes in B2B software-as-a-service and B2B marketplaces, with a regional focus on the Nordics and Baltics. The firm supports founders with its SaaS expertise and global networks to accelerate growth, and its initial investments typically range from 0.1 to 3 million euros depending on the company’s stage.

Samuli Aheristo

Investment Analyst

Sami Ahvenniemi

General Partner

Artis Bisers

Investment Associate

Janiina Lammi

Investment Director

Sakari Pihlava

General Partner

Past deals in Baltics

Xolo

Series A in 2021
Xolo OU, founded in 2015 and based in Tallinn, Estonia, offers an online platform designed to assist freelancers, contractors, and digital nomads in managing their microbusinesses. The company provides two primary services: Xolo Go, which facilitates the creation of a virtual company, and Xolo Leap, an EU-based company option. Targeting approximately 40 million independent professionals globally, Xolo aims to minimize business administration tasks by integrating company formation, banking, accounting, and related services into a single, user-friendly platform. This approach allows individuals, particularly in markets such as Germany, Spain, France, the UK, Ukraine, and Turkey, to quickly and easily launch and operate one-person businesses. Xolo's typical clientele includes software developers, management consultants, designers, and other independent professionals seeking a streamlined solution for enterprise management.

Xolo

Series A in 2019
Xolo OU, founded in 2015 and based in Tallinn, Estonia, offers an online platform designed to assist freelancers, contractors, and digital nomads in managing their microbusinesses. The company provides two primary services: Xolo Go, which facilitates the creation of a virtual company, and Xolo Leap, an EU-based company option. Targeting approximately 40 million independent professionals globally, Xolo aims to minimize business administration tasks by integrating company formation, banking, accounting, and related services into a single, user-friendly platform. This approach allows individuals, particularly in markets such as Germany, Spain, France, the UK, Ukraine, and Turkey, to quickly and easily launch and operate one-person businesses. Xolo's typical clientele includes software developers, management consultants, designers, and other independent professionals seeking a streamlined solution for enterprise management.

VividWorks

Venture Round in 2014
VividWorks Ltd. is a provider of online 3D design-to-purchase SaaS platform solutions, focusing on visual customization for furniture manufacturers and retail chains primarily across Finland, Sweden, Norway, Denmark, Estonia, Poland, and Italy. Established in 2006 and headquartered in Oulu, Finland, with additional offices in Helsinki, Palo Alto, Tokyo, and Copenhagen, VividWorks specializes in 3D visualization technology that enhances product visibility and streamlines the sales process. Its flagship offering, VividPlatform, is a web-based tool that allows sales personnel and customers to intuitively design products and interiors. Key features of the platform include ProductComposer for product configuration, InteriorPlanner for interactive design, VividAR for incorporating virtual objects into real-life photos, and SalesConnection for seamless integration with existing sales systems. By providing these tools, VividWorks aims to reduce errors and improve sales conversion rates for its clients.
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