VNT Management

VNT Management is a venture capital management company established in 2002 and headquartered in Tampere, Finland. The firm specializes in clean technology investments, focusing on sectors such as renewable energies, electrical systems, and power generation, primarily within the Nordic and German-speaking regions. VNT Management caters to both investors and entrepreneurs; for investors, it manages three venture capital funds that aim for a substantial internal rate of return and position within the top quartile of European venture capital funds. For entrepreneurs, the company provides a range of services including supply management, business idea development, application and product concept development, as well as technology scanning and evaluation.

Peter Auner

Partner

Jarmo Saaranen

President

20 past transactions

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.

depsys

Series B in 2019
DEPsys is a Swiss technology company based in Puidoux, situated in the Lavaux region near Lake Geneva. The company specializes in developing modular power-grid systems that facilitate the integration of renewable energy sources, such as solar and wind power, into traditional low-voltage electricity networks. DEPsys offers a network optimization platform that measures, monitors, and controls these power grids, helping energy providers manage the challenges posed by decentralized energy production and increasing demand. By providing innovative solutions, DEPsys aims to enhance the efficiency and reliability of electricity distribution in a rapidly evolving energy landscape.

depsys

Venture Round in 2018
DEPsys is a Swiss technology company based in Puidoux, situated in the Lavaux region near Lake Geneva. The company specializes in developing modular power-grid systems that facilitate the integration of renewable energy sources, such as solar and wind power, into traditional low-voltage electricity networks. DEPsys offers a network optimization platform that measures, monitors, and controls these power grids, helping energy providers manage the challenges posed by decentralized energy production and increasing demand. By providing innovative solutions, DEPsys aims to enhance the efficiency and reliability of electricity distribution in a rapidly evolving energy landscape.

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.

depsys

Series A in 2016
DEPsys is a Swiss technology company based in Puidoux, situated in the Lavaux region near Lake Geneva. The company specializes in developing modular power-grid systems that facilitate the integration of renewable energy sources, such as solar and wind power, into traditional low-voltage electricity networks. DEPsys offers a network optimization platform that measures, monitors, and controls these power grids, helping energy providers manage the challenges posed by decentralized energy production and increasing demand. By providing innovative solutions, DEPsys aims to enhance the efficiency and reliability of electricity distribution in a rapidly evolving energy landscape.

Norsepower

Seed Round in 2016
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.

WeSustain

Series B in 2014
WeSustain develops and sells web-based software for enterprise sustainability management. The company’s ESM software is a management support system that helps companies go green and manage products, processes, and technologies in an environment-friendly manner. WeSustain’s ESM software enables the clients to establish a software-supported ESM solution, as well as manage, improve, and report their ESM performance on a global basis while mitigating sustainability risks. The company was founded in 2010 and is based in Buxtehude, Germany.

Valopaa

Seed Round in 2013
Valopaa Ltd. is LED lighting company based in Finland. We develop and produce LED light fittings for demanding environments. We have concentrated to lighting solutions which require high energy efficiency, long lifetime and easy maintenance.

Cajo Technologies

Venture Round in 2013
Cajo Technologies is a Finnish company, founded in 2010 and headquartered in Kempele, that specializes in advanced laser marking solutions for industrial and branding applications. The company develops innovative software and technologies that allow for precise and durable markings on various materials without the need for additives. Cajo Technologies focuses on traceability and product markings, providing easy-to-use solutions that are optimized for industrial production processes. Their offerings aim to replace traditional marking methods, promoting sustainability by reducing carbon footprints while delivering cost-effective and efficient marking capabilities, even on challenging surfaces.

Merus Power

Venture Round in 2013
Merus Power Dynamics is a clean technology company enabling companies to save energy and increase productivity in the business operations. It offers solutions that enable companies to save energy, increase revenue, and productivity and meet regulators' grid connection criteria. To its partners Merus Power offers a unique business opportunity in the fast growing power quality market with its broad product portfolio, technology and problem solving capability unmatched by its rivals. Merus Power Dynamics Oy was founded by a team of experienced engineers in 2008. It develops a power quality product family with a focus on efficiency, reliability, and excellent dynamic performance. Merus Power also offers its customers professional system study services in order to give overall service from problem analysis to solution. Merus Power belongs to Cleantech Finland, a network of top cleantech experts.

Convion

Seed Round in 2013
Convion Ltd. is a Finnish company, established in 2012 and located in Espoo, that specializes in the development and manufacturing of solid oxide fuel cells for power generation. The company focuses on creating high-efficiency systems that facilitate distributed power generation and hydrogen production, utilizing various fuels to enhance energy independence and security. Convion's modular fuel cell systems are designed for industrial and commercial applications, offering operational flexibility and reliability. By leveraging solid oxide fuel cell technology, Convion aims to contribute to sustainable energy solutions and improve the efficiency of power generation markets.

Wello

Series B in 2012
Wello is a high-tech and innovative company. Their skills and passions come to life in the Penguin wave energy converter which is the result of highly committed innovative work and practical engineering. In the Penguin, Wello introduces a new concept for capturing energy from waves with a unique working principle. The converter is designed to respond to the movement of waves. The asymmetrical shape of the Penguin’s hull creates a gyrating motion in the waves which makes the rotator inside the hull rotate. The power train from wave to electricity is direct without any mechanical or hydraulic gears in between to cause loss of efficiency. Simplicity is one of the key values of Wello. Wello was founded on the passion to produce ecological and commercially viable wave energy solutions.

Dilitronics

Series B in 2010
Dilitronics GmbH is a company based in Jena, Germany, that specializes in the development and provision of light emitting diodes (LEDs). The company focuses on various sectors, including projection, general lighting, and sensors. Dilitronics has developed a unique controLED technology designed to address issues related to temperature, age, and production-induced inconsistencies in LEDs. This innovative technology enhances general illumination, industrial lighting, display backlighting, and automotive lighting. By leveraging these advancements, Dilitronics enables its customers to benefit from the numerous advantages offered by LEDs across diverse applications.

There

Series A in 2009
There Corporation was formed in May 2009 by the management team of the Nokia Smart Home program to commercialize the technology developed over a number of years at Nokia. All the related development, results, materials, deals and know-how have been transferred from Nokia to There corporation with a licensing deal between the companies. By bringing in the Comsel team, the knowledge of smart metering and energy efficiency was incorporated to the There corporation. The development of the solutions continues with its partners and the first pilots are expected to be released in the beginning of 2010. They provide the platform combining Smart Metering, Smart Home and Smart Grid solutions. This allows there partners to offer sustainable future proof solutions and services to their clients

EpiCrystals

Venture Round in 2009
EpiCrystals Inc. develops advanced light sources for the next generation projection display applications. Their patented DeCIBEL® laser platform enables fabrication of novel ultra-compact and cost-efficient projectors with superior image quality and long lifetime.

Wello

Seed Round in 2009
Wello is a high-tech and innovative company. Their skills and passions come to life in the Penguin wave energy converter which is the result of highly committed innovative work and practical engineering. In the Penguin, Wello introduces a new concept for capturing energy from waves with a unique working principle. The converter is designed to respond to the movement of waves. The asymmetrical shape of the Penguin’s hull creates a gyrating motion in the waves which makes the rotator inside the hull rotate. The power train from wave to electricity is direct without any mechanical or hydraulic gears in between to cause loss of efficiency. Simplicity is one of the key values of Wello. Wello was founded on the passion to produce ecological and commercially viable wave energy solutions.

Elcogen

Venture Round in 2008
Elcogen is a manufacturer and developer of high-performance anode-supported Intermediate Temperature Solid Oxide Fuel Cells (IT-SOFC) and Solid Oxide Fuel Cell (SOFC) stacks, utilizing proprietary materials and technological solutions. Established in 2001, the company aims to facilitate a clean energy future through its innovative fuel cell technology, which significantly reduces emissions from natural gas systems while providing twice the power for the same amount of gas. Elcogen's solid oxide fuel cells are recognized for their efficiency, enabling effective energy conversion, reversible operation for both power generation and hydrogen production, and flexibility in fuel use. This technology not only supports renewable energy generation but also contributes to the production of green hydrogen, offering industries an efficient means to reduce costs and enhance sustainability.

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.
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