Seed round
Vensum Power
CEO: Jyrki Penttonen
Founder: Jyrki Penttonen
Founder: Jyrki Penttonen
Investment highlights
Jyrki Penttonen
Seed round
Timegate Instruments
CEO: Mari Tenhunen
Founders: Mari Tenhunen, Lauri Kurki, Jyrki Savela
Founders: Mari Tenhunen, Lauri Kurki, Jyrki Savela
Angel round
Realstocks
CEO: Ted Roberts
Founders: Ted Roberts, Sven Schulte
Founders: Ted Roberts, Sven Schulte
Seed round
School Day
CEO: Mika Kasanen
Founders: Mika Kasanen, Atte Kekkonen
Founders: Mika Kasanen, Atte Kekkonen
Henrietta Kekäläinen
Seed round
Carbo Culture
CEO: Pia Henrietta Kekäläinen
Founders: Pia Henrietta Kekäläinen, Christopher Carstens
Founders: Pia Henrietta Kekäläinen, Christopher Carstens
Portfolio events
03/2020
Series B
Led by Forerunner, Gradient and Square
Oura Health
Oura, which has sold over 150,000 rings and grown to more than 100 employees globally, has completed its Series B raise of $28m. The raised funds will be used to grow the Oura team, roll out a redesigned website and pursue evolved branding and marketing as well as prioritize research support with academic institutions.
MoreAbout Oura Health
Oura Health
Oura is an award-winning wellness ring and app, designed to help people get more restful sleep and perform better. The independently validated science behind Oura and the design of the Oura ring make it the perfect companion for busy professionals, athletes and anyone who wants to get insights into their sleep, recovery and readiness to perform.
CEO: Harpreet Rai
Founders: Petteri Lahtela, Kari Kivelä, Markku Koskela, Virpi Tuomivaara, Ashley Colley
2013
Founded
2015
Seed round
2018
Series A
Led by Bold Capital and Tesi
2018
Funding round
Led by MSD Capital
2020
Series B
Led by Forerunner, Gradient and Square
02/2020
Series B
Led by IVP,
Lifeline Ventures participated
Lifeline Ventures participated
Aiven
Aiven has raised $40m Series B to accelerate its open source cloud platform. Aiven will use the proceeds of the round to triple headcount, add new open source technologies and introduce new enterprise grade features.
MoreAbout Aiven
Aiven
Aiven provides fully managed cloud database and messaging services hosted in the cloud of the customer’s choice, including Amazon Web Services, Google Cloud Platform, and Microsoft Azure. Its mission is to allow developers to focus on building awesome applications without worrying about data infrastructure management.
CEO: Oskari Saarenmaa
Founders: Oskari Saarenmaa, Heikki Nousiainen, Mika Eloranta, Hannu Valtonen
2016
Founded
2017
Seed round
2019
Series A
Led by Earlybird
2020
Series B
Led by IVP
01/2020
Seed round
Led by InReach Ventures,
Lifeline Ventures participated
Lifeline Ventures participated
Kayzen
Kayzen, which provides a SaaS-based solution for in-house mobile programmatic (real-time) advertising, has closed a $4m seed round to continue its journey in building the best programmatic in-house product and technology.
MoreAbout Kayzen
Kayzen
Berlin-based startup Kayzen provides a SaaS-based solution for in-house mobile programmatic (real-time) advertising. The software platform enables app developers and agencies to take mobile programmatic in-house and reach their audiences on publishers’ inventory directly.
CEO: Tim Koschella
Founders: Tim Koschella, Puneet Gupta, Servesh Jain
2018
Founded
2020
Seed round
Led by InReach Ventures
12/2019
Majority investment
By Providence Equity Partners
Smartly.io
Smartly.io has reached an agreement for a majority investment of €200 million by Providence Equity Partners. This partnership will help accelerate growth through acquisition and organic investment to continue building Smartly.io’s leading multi-platform advertising solution that combines creative production and ad buying.
MoreAbout Smartly.io
Smartly.io
Smartly.io automates every step of social advertising to unlock greater performance and creativity. Its advertising and creative automation platform makes online advertising easy, effective, and enjoyable. Smartly.io works closely with 650+ brands including eBay, Uber, TechStyle and Skyscanner, managing over $1 billion in annual ad spend.
CEO: Kristo Ovaska
Founders: Kristo Ovaska, Tuomo Riekki
2013
Founded
2014
Seed round
2017
Funding round
Led by Highland Europe
2019
Majority investment
By Providence Equity Partners
12/2019
Series A
Led by Chanel,
Lifeline Ventures participated
Lifeline Ventures participated
Sulapac
Sulapac, the startup replacing plastic with its microplastic-free material innovation, raised €15 million to engine its scale-up and internationalization. The funding enables further development and broadening of its recipe portfolio.
MoreAbout Sulapac
Sulapac
Sulapac® is a biodegradable and microplastic-free material made entirely from renewable sources and certified wood. It can be used as packaging for everything from cosmetics to foodstuff to gift boxes and more. It has all the benefits of plastic, yet it biodegrades completely and leaves no trace once it’s gone.
CEO: Suvi Haimi
Founders: Suvi Haimi, Laura Kyllönen
2016
Founded
2017
Seed round
2019
Series A
LED BY CHANEL
Jyrki Penttonen
11/2019
Lifeline Ventures
Seed round
Vensum Power
Vensum Power, the creator of the game-changing Unified Software Defined Power Conversion (USDPC) technology, has raised €1m in seed funding. The funding enables Vensum Power to complete the development of the first product generation and enter the market during 2020.
MoreAbout Vensum Power
Vensum Power
Vensum Power is the creator of the Unified Software-Defined Power Conversion (USPDC) technology that enables better, faster, and more robust power conversion solutions for the green energy industry. Power conversion is a key enabling technology behind some of the fastest growing green businesses such as solar power production, electric vehicle charging, data center optimization.
CEO: Jyrki Penttonen
Founders: Jyrki Penttonen
2018
Founded
2019
Seed round
10/2019
Series A
Led by Ringier Digital Ventures,
Lifeline Ventures participated
Lifeline Ventures participated
Blok
Blok, the digital real estate agent that automates routine tasks of apartment sales through its online platform, has raised €3.5 million. The plan is to expand to 20 European countries by 2025.
MoreAbout Blok
Blok
Blok is a new type of digital real estate agency where the seller shows the apartment to interested buyers while Blok takes care of the rest, including photographing the apartment, creating the listing, tending to marketing and arranging for brochures, the deed of sale and other documents required to sell an apartment.
CEO: Rudi Skogman
Founders: Rudi Skogman, Juha Jokela, Samu Hautala, Olli Gunst
2017
Founded
2018
Seed round
2019
Series A
Led by Ringier Digital Ventures
Tuomas Riski
09/2019
Funding round
Led by OGCI Climate Investments
Norsepower
Norsepower has secured an €8m investment round. The investment enables the company to scale up production at its manufacturing facilities as part of a next phase of commercialization.
MoreAbout Norsepower
Norsepower
Norsepower was founded in late 2012 with a mission to reduce the environmental impact of shipping by providing efficient, easy to use, and reliable auxiliary wind propulsion for ships – through its Rotor Sail Solution technology. The company’s vision is to maintain the market leader position in a growing market for auxiliary wind propulsion systems for large ships.
CEO: Tuomas Riski
Founders: Jarkko Väinämö, Tuomas Riski
2012
Founded
2013
Seed round
2016
Funding round
Led by VNT Management
2018
Funding round
Led by Korkia
2019
Funding round
Led by OGCI Climate Investments
István Csanády
09/2019
Series A
Led by Point Nine and Creandum,
Lifeline Ventures participated
Lifeline Ventures participated
Shapr3D
Shapr3D raises €5.5 million for its computer-aided design modelling app. The funding will be used for new hires as well as new office locations and distribution channels.
MoreAbout Shapr3D
Shapr3D
Shapr3D is the world’s leading 3D design app for iPad. It combines intuitive direct modeling with industry-leading quality and power. Professional users include mechanical engineers, interior designers, graphic designers, CAD architects and industrial designers who use the app for initial ideation.
CEO: Istvan Csanady
Founders: Istvan Csanady
2015
Founded
2017
Seed round
Led by InReach Ventures
2019
Series A
Led by Point Nine and Creandum
06/2019
Series C
Led by Iconiq Capital,
Lifeline Ventures participated
Lifeline Ventures participated
Wolt
Wolt, the Helsinki based food delivery service, has raised €110 million in new financing to continue investing in growth and expansion.
MoreAbout Wolt
Wolt
Wolt is a technology company building the one app for discovering and getting great food in your city. The Helsinki-based company has operations in +15 countries and +50 cities, serving food from over 5,000 restaurants with over 10,000 courier partners. The company was founded in 2014 and employs over 450 people. Wolt has raised more than €150M in financing from renowned U.S. and European based investors.
CEO: Miki Kuusi
Founders: Elias Aalto, Juhani Mykkänen, Lauri Andler, Mika Matikainen, Miki Kuusi, Oskari Pétas
2014
Founded
2015
Seed round
2016
Series A
Led by EQT Ventures
2018
Series B
Led by 83North
2019
Series C
Led by Iconiq Capital
05/2019
Funding round
Led by Invesdor,
Lifeline Ventures participated
Lifeline Ventures participated
OneMind Dogs
Finnish online dog training company OneMind Dogs has raised more than 500 000 euros in crowdfunding. The funding will be used for the launch of the company’s new puppy training programme and US market growth.
MoreAbout OneMind Dogs
OneMind Dogs
OneMind Dogs Ltd was founded by a group of passionate dog agility handlers, coaches and innovators with decades of combined experience on dog behavior and training. The company’s goal is to help understand dog’s natural behavior through the OneMind Dogs method.
CEO: Noora Keskievari
Founders: Janita Leinonen, Noora Keskievari, Jaakko Suoknuuti, Tuulia Liuhto, Mikko Aaltonen, Mari Kaplas.
2012
Founded
2015
Seed round
2019
Funding round
Led by Invesdor
05/2019
Series A
Led by Inventure,
Lifeline Ventures participated
Lifeline Ventures participated
Swappie
Swappie, a fast-growing buyer and seller of refurbished iPhones, has raised 5 million euros in its Series A funding round. The proceeds will enable the company to expand into other European countries.
MoreAbout Swappie
Swappie
Swappie is changing the European market in consumer electronics by building the world-leading marketplace for refurbished devices. The company’s marketplace offers easy and safe buying and selling of used smartphones. Swappie buys phones from customers and companies, refurbishes them in-house and sells them in top condition and with a proper warranty.
CEO: Sami Marttinen
Founders: Sami Marttinen, Jiri Heinonen
2016
Founded
2018
Seed round
2019
Series A
Led by Inventure
05/2019
Series A
Led by Earlybird,
Lifeline Ventures participated
Lifeline Ventures participated
Aiven
Aiven has completed an €8 million Series A funding round to enhance its leading cloud data platform with more integrated solutions and to accelerate international growth.
MoreAbout Aiven
Aiven
Aiven provides fully managed cloud database and messaging services hosted in the cloud of the customer’s choice, including Amazon Web Services, Google Cloud Platform, and Microsoft Azure. Its mission is to allow developers to focus on building awesome applications without worrying about data infrastructure management.
CEO: Oskari Saarenmaa
Founders: Oskari Saarenmaa, Heikki Nousiainen, Mika Eloranta, Hannu Valtonen
2016
Founded
2017
Seed round
2019
Series A
Led by Earlybird
2020
Series B
Led by IVP
04/2019
Seed round
Led by Freestyle Capital,
Lifeline Ventures participated
Lifeline Ventures participated
Meru Health
Meru Health, a digital clinic for greater mental health, has secured $4.2M in financing. This financing will support additional clinical validation and preparation for larger scale rollout.
MoreAbout Meru Health
Meru Health
Meru Health is a digital clinic treating depression and anxiety. The company’s goal is to make effective treatment widely accessible to people in need. Meru Health operates at the forefront of technology and medical science, using leading scientifically proven methods to redefine how depression and anxiety are being treated.
CEO: Kristian Ranta
Founders: Kristian Ranta, Albert Nazander, Riku Lindholm
2016
Founded
2016
Angel round
2019
Seed round
Led by Freestyle Capital
01/2019
Lifeline Ventures
Seed round
Timegate Instruments
Timegate Instruments Ltd raises 2,6 million euros. The company manufactures Raman spectrometry based material analysis instruments.
MoreAbout Timegate Instruments
Timegate Instruments
Timegate Instruments is the first company worldwide to commercialize Timegated® Raman technology. It manufactures Raman spectrometry based material analysis instruments. Timegate Instruments’ PicoRaman spectrometer broadens the application areas of Raman spectroscopy by drastically reducing fluorescence interference.
CEO: Mari Tenhunen
Founders: Mari Tenhunen, Lauri Kurki, Jyrki Savela
2014
Founded
2018
Seed round
11/2018
Series A
Led by Tesi, 3M and Lifeline Ventures
Dispelix
Dispelix raises €12 million in Series A for the mass production ramp up of its next generation Augmented Reality (AR) see-through displays.
MoreAbout Dispelix
Dispelix
Dispelix is a designer and fabless manufacturer of the world’s first truly mass manufacturable diffractive waveguide displays and display modules. The company designs, sells, and supplies Dispelix-branded waveguide displays and display modules to product owners and their suppliers.
CEO: Antti Sunnari
Founders: Antti Sunnari, Juuso Olkkonen, Jyrki Saarinen
2015
Founded
2016
Seed round
2018
Series A
Led by Tesi, 3M and Lifeline Ventures
10/2018
Funding round
Led by AO Invest and Lifeline Ventures
Synoste
Synoste raises €5.1 million. The medical device company creates smart solutions for patient-friendly bone-lengthening and bone-deformation correction.
MoreAbout Synoste
Synoste
Synoste develops and will sell novel patient friendly medical solutions for treatment of skeletal deformities. The first target is a better device for the limb lengthening procedure. Synoste utilizes smart materials and introduces a less painful and precisely controllable treatment device that lowers the complication rate and enables faster recovery to normal life.
CEO: Harri Hallila
Founders: Antti Ritvanen, Harri Hallila, Juha Haaja
2012
Founded
2013
Seed round
2015
Series A
2018
Funding round
Led by AO Invest and Lifeline Ventures
10/2018
Series B
Led by Atomico,
Lifeline Ventures participated
Lifeline Ventures participated
Varjo
Varjo Technologies raises $31m Series B to bring to market the world’s first human-eye resolution VR/XR product.
MoreAbout Varjo
Varjo
Varjo was founded by a team of industry professionals with decades of experience and a vision of seamlessly merging the virtual and real worlds. The Bionic Display™ in Varjo’s VR devices delivers an unprecedented human-eye resolution of 60 pixels per degree. It revolutionizes professional VR by bringing every detail, texture, contour and color into 20/20 focus.
CEO: Niko Eiden
Founders: Urho Konttori, Klaus Melakari, Roope Rainisto, Niko Eiden
2016
Founded
2016
Seed round
2017
Series A
Led by EQT Ventures
2018
Series B
Led by Atomico
10/2018
Lifeline Ventures
Angel round
Realstocks
The fintech start-up focuses on the security token ecosystem and is backed by Lifeline Ventures, partners at Avance Attorneys, Streamr - a Swiss blockchain company and experienced angel investors.
MoreAbout Realstocks
Realstocks
Realstocks was founded in October 2018 in Helsinki, Finland. The fintech start-up is focusing on the security token ecosystem and is creating a platform for asset backed digital securities in the European commercial real estate market.
CEO: Ted Roberts
Founders: Ted Roberts, Sven Schulte
2018
Founded
2018
Angel round
09/2018
Funding round
Led by CapMan Growth,
Lifeline Ventures participated
Lifeline Ventures participated
Digital Workforce
Digital Workforce, the Nordic’s fastest growing intelligent automation company currently employing 175 people, raised €3 million in funding round from existing investors.
MoreAbout Digital Workforce
Digital Workforce
Digital Workforce is one of the leading Robotic Process Automation (RPA) service providers in Europe, both in terms of revenue and head count. The company provides services across a range of industries and focuses exclusively on intelligent automation.
CEO: Heikki Länsisyrjä
Founders: Heikki Länsisyrjä, Jukka Virkkunen, Mika Vainio-Mattila
2015
Founded
2015
Angel round
2017
Series A
Led by Norvestia
2018
Funding round
Led by CapMan Growth
09/2018
Lifeline Ventures
Seed round
School Day
Lifeline Ventures invests in School Day Helsinki which is a Finnish-based company founded in 2017 whose solutions promote student wellbeing, motivation and the best possible learning outcomes.
MoreAbout School Day
School Day
School Day provides a unique AI-based solution for schools. It analyzes, explains and develops student wellbeing for better learning. Teachers and school leaders get real-time insights into their students’ wellbeing daily. School Day is backed by leading researchers, wellbeing experts and developers.
CEO: Mika Kasanen
Founders: Mika Kasanen, Atte Kekkonen
2017
Founded
2018
Seed round
08/2018
Series A
Led by Maki.vc,
Lifeline Ventures participated
Lifeline Ventures participated
Altum Technologies
Altum Technologies raises Series A, starts US operations in Las Vegas. Altum’s power ultrasound penetrates the industrial equipment’s walls – without causing damage – to remove fouling in a matter of minutes.
MoreAbout Altum Technologies
Altum Technologies
The first company in the world that can completely control power ultrasound to clean fouling from different type of equipment without stopping production. The disruptive technology also minimizes maintenance time, energy consumption and use of hazardous chemicals in these cleaning processes.
CEO: Matias Tainela
Founders: Matias Tainela, Bo Malmberg, Petro Moilanen, Timo Rauhala, Edward Haeggström
2016
Founded
2016
Seed round
2018
Series A
Led by Maki.vc
06/2018
Acquired
by Quest Analytics
BetterDoctor
Quest Analytics acquires BetterDoctor. Together the companies will create the first integrated platform for health plans to ensure network adequacy, data accuracy and enhanced member experience.
MoreAbout BetterDoctor
BetterDoctor
BetterDoctor is the trusted source of validated doctor data. The company delivers accurate provider directory data to ensure health plans, health systems, provider groups, and doctors are regulation-compliant and can provide patients with care they’re looking for. Quest Analytics acquired BetterDoctor in 2018.
CEO: Ari Tulla
Founders: Ari Tulla, Tapio Tolvanen
2011
Founded
2013
Seed round
2014
Series A
Led by NEA
2017
Series B
Led by Health Catalyst Capital
2018
Acquired
by Quest Analytics
05/2018
Series B
Led by True Ventures
Iceye
Iceye, an Earth observation company providing synthetic-aperture radar (SAR) data, raises $34M in Series B financing and confirms nine satellite launches by end of 2019.
MoreAbout Iceye
Iceye
Iceye empowers others to make better decisions in governmental and commercial industries by providing access to timely and reliable satellite imagery. Iceye is the first organization in the world to successfully launch synthetic-aperture radar (SAR) satellites with a launch mass under 100 kg.
CEO: Rafal Modrzewski
Founders: Pekka Laurila, Rafal Modrzewski
2014
Founded
2015
Seed round
Led by True Ventures
2017
Series A
Led by Draper Nexus
2018
Series B
Led by True Ventures
Henrietta Kekäläinen
02/2018
Lifeline Ventures
Seed round
Carbo Culture
Carbo Culture raises €550,000. The startup, which is now operating in California, is building a thermochemical reactor that creates biochar from food waste.
MoreAbout Carbo Culture
Carbo Culture
Carbo Culture carbonizes biomass waste into biocarbon products for soil and environmental applications. By rapidly converting carbon to a solid and stable form, the company prevents it from escaping back into the atmosphere for over 100 years. The products are frequently used across industries, in agriculture and research.
CEO: Pia Henrietta Kekäläinen
Founders: Pia Henrietta Kekäläinen, Christopher Carstens
2016
Founded
2018
Seed round