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Investment highlights

Angel round

Veri / Human Engineering

CEO: Anttoni Aniebonam
Founders: Anttoni Aniebonam, Verneri Jäämuru, Frans Lehmusvaara
Seed round

Timegate Instruments

CEO: Mari Tenhunen
Founders: Mari Tenhunen, Lauri Kurki, Jyrki Savela
Seed round

Spacent

CEO: Antti Tuomela
Founders: Antti Tuomela, Anssi Salonen, Eetu Ristaniemi, Jarmo Suominen
Angel round

Realstocks

CEO: Ted Roberts
Founders: Ted Roberts, Sven Schulte
Seed round

Carbo Culture

CEO: Pia Henrietta Kekäläinen
Founders: Pia Henrietta Kekäläinen, Christopher Carstens
Seed round

Kayzen

CEO: Tim Koschella
Founders: Tim Koschella, Puneet Gupta, Servesh Jain

Portfolio events

10/2020
Funding round
Led by BW Group

Ductor

Ductor received a significant investment from BW Group, one of the world’s leading maritime groups in the tanker, gas, and offshore segments. During the last year, Ductor opened its first operational sustainable fertilizer and biogas facility in Mexico and contracted for three new facilities in Poland.

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About Ductor

Ductor

Ductor’s groundbreaking technology prevents ammonia inhibition in biogas production. This is done by adding one fermentation step, prior to biogas fermentation, as well as a nitrogen stripping unit. Ductor’s patented microbiological innovation eliminates the nitrogen dilemma by turning problem waste into profitable recyclable goods.

CEO: Ari Mokko
Founders: Ari Mokko, Veikko Latvala

2009
Founded
2012
Lifeline Ventures
Seed round
2019
Funding round
Led by Springvest
2020
Funding round
Led by BW Group
09/2020
Series C
Led by True Ventures

Iceye

ICEYE, a world-leading SAR data provider, has closed a $87 million series C funding round. The company intends to use this financing round to continue accelerating the growth of its SAR satellite constellation with more spacecraft, increasing data availability for all continents through 24/7 customer operations, continuing the development of ground-breaking radar imaging capabilities, and for establishing spacecraft manufacturing in the US.

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About 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
2020
Series C
Led by True Ventures
09/2020
Series A
Led by Fazer Group,
Lifeline Ventures participated

Solar Foods

Solar Foods, producing a unique single-cell protein out of thin air, has closed its series A financing round with new financing of €15 million. A new production plant, enabled by the new funds raised, will be a key milestone in Solar Foods’ path in reaching its vision of changing the way food is produced.

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About Solar Foods

Solar Foods

Solar Foods is a Finnish food tech company that creates innovations for producing food without agriculture. With its revolutionary biotech solution Solein, Solar Foods enables natural protein production anywhere by using air, water, and electricity. The unique bioprocess of Solein provides a new platform technology for nutritious food ingredients, plant-based meat alternatives or even cultured meat.

CEO: Pasi Vainikka
Founders: Pasi Vainikka, Juha-Pekka Pitkänen

2017
Founded
2018
Lifeline Ventures
Seed round
2020
Series A
Led by Fazer Group
08/2020
Acquired
By Corsearch

TrademarkNow

TrademarkNow has been acquired by Corsearch, a leading provider of trademark clearance and protection solutions for IP professionals and brands. The transaction will enable TrademarkNow to continue providing the automated side of its business, but to also expand that to include experienced analysts providing full search, watch and brand protection solutions.

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About TrademarkNow

TrademarkNow

TrademarkNow provides an intelligent web-based trademark management platform that is used by enterprise companies, law firms and branding agencies for instant trademark search and watch results. At its core is a unique artificial intelligence model of trademark law based on both explicit and intricate domain models of the law.

CEO: Mikael Kolehmainen
Founders: Anna Ronkainen, Heikki Vesalainen, Matti Kokkola, Mikael Kolehmainen

2012
Founded
2012
Lifeline Ventures
Seed round
2014
Series A
Led by Balderton Capital
2017
Funding round
Led by Karma Ventures and Balderton Capital
2020
Acquired
By Corsearch
08/2020
Series C
From Tesi, Lifeline Ventures, NordicNinja and Swisscanto

Varjo

Varjo, the leader in industrial-grade VR/XR hardware and software, has closed a $54 million round of Series C funding. The latest infusion of capital will allow Varjo to accelerate its global expansion and development of industry-leading hardware and software products.

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About 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: Timo Toikkanen
Founders: Urho Konttori, Klaus Melakari, Roope Rainisto, Niko Eiden

2016
Founded
2016
Lifeline Ventures
Seed round
2017
Series A
Led by EQT Ventures
2018
Series B
Led by Atomico
2020
Series C
From Tesi, Lifeline Ventures, NordicNinja and Swisscanto
06/2020
Series B
From Tesi, Lifeline Ventures, Inventure and Reaktor Ventures

Swappie

Swappie raises $40 million Series B to bring the circular smartphone economy to the masses. The funding will be used to accelerate Swappie’s international expansion and to support the company’s rapid growth.

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About 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
Lifeline Ventures
Seed round
2019
Series A
Led by Inventure
2020
Series B
From Tesi, Lifeline Ventures, Inventure and Reaktor Ventures
06/2020
Lifeline Ventures
Seed round

Seaber

Seaber.io, the Finnish maritime technology company, raises €500,000 in funding to expand its operations and ramp up software development. Seaber.io’s unique digital platform for bulk and breakbulk provides the shipping industry with tools to simplify and unify the planning and communications of shipments.

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About Seaber

Seaber

Seaber is a Helsinki-based software company, led by people with versatile maritime backgrounds. They are working to digitally transform the 400 billion dollar bulk shipping industry. Seaber helps bulk & breakbulk charterers, shipowners & brokers improve efficiency through digitalisation of key operational processes.

CEO: Sebastian Sjoberg
Founders: Sebastian Sjoberg, Mikael Sand

2018
Founded
2020
Lifeline Ventures
Seed round
06/2020
Lifeline Ventures
Angel round

Veri / Human Engineering

Lifeline Ventures invests in Finnish startup Human Engineering. The company has created Veri to help people understand and stabilize their blood sugar. The app enables users to see their blood sugar in real time, thus helping to keep levels in a healthy range.

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About Veri / Human Engineering

Veri / Human Engineering

Blood sugar is the most vital metric in your body. Each and every day your blood sugar levels affect your thoughts, mood, health, and longevity. The Veri app is the easiest way to track and stabilize your blood sugar. Veri’s mission is to empower others to take health into their own hands.

CEO: Anttoni Aniebonam
Founders: Anttoni Aniebonam, Verneri Jäämuru, Frans Lehmusvaara

2019
Founded
2020
Lifeline Ventures
Angel round
05/2020
Funding round
From Iconiq, Highland, 83North, EQT Ventures and Goldman Sachs

Wolt

Wolt has secured a new €100 million round of funding. The company has grown to serve 5 million customers in 22 countries and 80 cities. Wolt partners with more than 10,000 restaurants and 20,000 couriers, and has more than 1,000 people working in its offices across the markets.

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About 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 +20 countries and +70 cities, serving food from over 10,000 restaurants with over 20,000 courier partners. The company was founded in 2014 and employs over 1,000 people. Wolt has raised more than €250M 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
2020
Funding round
From Iconiq, Highland, 83North, EQT Ventures and Goldman Sachs
05/2020
Funding round
Led by Vækstfonden and Johan Gedda

Blast

BLAST has raised €12.5 million in new funding to accelerate the growth and expansion of the BLAST brand. With offices in Copenhagen and London, BLAST creates world-class esports entertainment through intimate broadcast studio shows, arena events, and online content.

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About Blast

Blast

BLAST Pro Series is the home of live Counter-Strike entertainment and the world’s most exciting live esports tournament. All the favorite teams battle it out live on stage. A format that delivers the best experience for the players, the sport and the audience whether watched at home or in the buzzing arena.

CEO: Robbie Douek
Founders: Nikolaj Nyholm, Jakob Lund Kristensen

2016
Founded
2017
Series A
2018
Funding round
Led by Creandum, Sunstone and Danish Growth Fund
2020
Funding round
Led by Vækstfonden and Johan Gedda
05/2020
Seed round
Led by Sparkmind.vc,
Lifeline Ventures participated

School Day

Student wellbeing solution provider, School Day, has secured €1.1 million in seed funding. The investment will enable School Day to expand business development activity in key markets and grow their core team. It will also allow the business to build on recent exponential growth generated by schools' concerns about pupil wellbeing as a result of the recent shift to distance learning.

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About 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
Lifeline Ventures
Angel round
2020
Seed round
Led by Sparkmind.vc
05/2020
Series A
Led by Foundry Group

Meru Health

Meru Health closed its $8.1 million series A funding round. Meru offers a digital treatment that's proven to help people better their mental health from the comfort and convenience of their home. The company has treated 700 patients and it currently has 20 physicians.

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About 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
Lifeline Ventures
Angel round
2019
Seed round
Led by Freestyle Capital
2020
Series A
Led by Foundry Group
04/2020
Lifeline Ventures
Seed round

Spacent

Proptech company Spacent, specialised in enabling more effective space resource use of corporate and institutional clients, raised €1.85 million in its financing round. The completed funding round will support Spacent's development roadmap as it begins to scale up internationally.

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About Spacent

Spacent

Spacent is a Finnish proptech company specialised in enabling more effective space resource use of corporate and institutional clients. Spacent’s aim is to bring solutions for large occupiers in order to build adaptability, sustainability and efficiency in their space use. The company also works with property owners and operators in order to boost their income and customer base. Spacent is founded by real estate professionals who have wide experience in service architecture, real estate development and consultation.

CEO: Antti Tuomela
Founders: Antti Tuomela, Anssi Salonen, Eetu Ristaniemi, Jarmo Suominen

2019
Founded
2020
Lifeline Ventures
Seed round
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.

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About 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
Lifeline Ventures
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

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.

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About 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
Lifeline Ventures
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

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.

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About 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.

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About 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
Lifeline Ventures
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

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.

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About 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
Lifeline Ventures
Seed round
2019
Series A
LED BY CHANEL
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.

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About 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
Lifeline Ventures
Seed round
10/2019
Series A
Led by Ringier Digital Ventures,
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.

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About 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
Lifeline Ventures
Seed round
2019
Series A
Led by Ringier Digital Ventures
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.

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About 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
09/2019
Series A
Led by Point Nine and Creandum,
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.

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About 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

Wolt

Wolt, the Helsinki based food delivery service, has raised €110 million in new financing to continue investing in growth and expansion.

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About 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 +20 countries and +70 cities, serving food from over 10,000 restaurants with over 20,000 courier partners. The company was founded in 2014 and employs over 1,000 people. Wolt has raised more than €250M 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
2020
Funding round
From Iconiq, Highland, 83North, EQT Ventures and Goldman Sachs
05/2019
Funding round
Led by Invesdor,
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.

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About 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
Lifeline Ventures
Seed round
2019
Funding round
Led by Invesdor
05/2019
Series A
Led by Inventure,
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.

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About 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
Lifeline Ventures
Seed round
2019
Series A
Led by Inventure
2020
Series B
From Tesi, Lifeline Ventures, Inventure and Reaktor Ventures
05/2019
Series A
Led by Earlybird,
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.

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About 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
Lifeline Ventures
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

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.

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About 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
Lifeline Ventures
Angel round
2019
Seed round
Led by Freestyle Capital
2020
Series A
Led by Foundry Group
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.

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About 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
Lifeline Ventures
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.

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About 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
Lifeline Ventures
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.

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About 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
Lifeline Ventures
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

Varjo

Varjo Technologies raises $31m Series B to bring to market the world’s first human-eye resolution VR/XR product.

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About 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: Timo Toikkanen
Founders: Urho Konttori, Klaus Melakari, Roope Rainisto, Niko Eiden

2016
Founded
2016
Lifeline Ventures
Seed round
2017
Series A
Led by EQT Ventures
2018
Series B
Led by Atomico
2020
Series C
From Tesi, Lifeline Ventures, NordicNinja and Swisscanto
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.

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About 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
Lifeline Ventures
Angel round
09/2018
Funding round
Led by CapMan Growth,
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.

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About 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
Lifeline Ventures
Angel round
2017
Series A
Led by Norvestia
2018
Funding round
Led by CapMan Growth
09/2018
Lifeline Ventures
Angel 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.

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About 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
Lifeline Ventures
Angel round
2020
Seed round
Led by Sparkmind.vc
08/2018
Series A
Led by Maki.vc,
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.

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About 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
Lifeline Ventures
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.

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About 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
Lifeline Ventures
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.

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About 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
2020
Series C
Led by True Ventures
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.

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About 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
Lifeline Ventures
Seed round