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Investment highlights

Seed round

Nanojet

CEO: Kristian Ahlers
Founders: Kristian Ahlers, Tuomo Ylitalo, Ivan Kassamakov
Seed round

Timegate Instruments

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

Realstocks

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

School Day

CEO: Mika Kasanen
Founders: Mika Kasanen, Atte Kekkonen
Seed round

Carbo Culture

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

Blok

CEO: Rudi Skogman
Founders: Rudi Skogman, Juha Jokela, Samu Hautala, Olli Gunst

Portfolio events

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
08/2019
Lifeline Ventures
Seed round

Nanojet

Nanojet is a Finnish startup enhancing microscopy with several innovations. It was founded as a spin-out from research made at the University of Helsinki and Åbo Akademi.

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About Nanojet

Nanojet

Nanojet is a Finnish startup enhancing microscopy with several innovations: a purely optical 3D microscope capable of nano-scale resolution, a 2D-3D Magic tool that turns ordinary 2D optical microscopes into 3D while helping in their calibration, and 3D nano-scale calibration tools.

CEO: Kristian Ahlers
Founders: Kristian Ahlers, Tuomo Ylitalo, Ivan Kassamakov

2018
Founded
2019
Lifeline Ventures
Seed round
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 +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

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
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
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
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
12/2018
Funding round
Led by Chanel

Sulapac

Aiming to tackle the accumulation of non-biodegradable plastics, Sulapac has developed an innovative material which responds to consumers’ growing desire to find environmentally friendly products or packaging.

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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
2018
Funding round
LED BY CHANEL
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: Niko Eiden
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
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
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.

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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
Seed round
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
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