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.
MoreNorsepower 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
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.
MoreShapr3D 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
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.
MoreNanojet 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
Wolt, the Helsinki based food delivery service, has raised €110 million in new financing to continue investing in growth and expansion.
MoreWolt 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
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.
MoreOneMind 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: Jaakko Suoknuuti, Janita Leinonen, Noora Keskievari
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.
MoreSwappie 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
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.
MoreAiven 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
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.
MoreMeru 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
Timegate Instruments Ltd raises 2,6 million euros. The company manufactures Raman spectrometry based material analysis instruments.
MoreTimegate 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
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.
MoreSulapac® 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
Dispelix raises €12 million in Series A for the mass production ramp up of its next generation Augmented Reality (AR) see-through displays.
MoreDispelix 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
Synoste raises €5.1 million. The medical device company creates smart solutions for patient-friendly bone-lengthening and bone-deformation correction.
MoreSynoste 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
Varjo Technologies raises $31m Series B to bring to market the world’s first human-eye resolution VR/XR product.
MoreVarjo 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
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.
MoreRealstocks 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
Digital Workforce, the Nordic’s fastest growing intelligent automation company currently employing 175 people, raised €3 million in funding round from existing investors.
MoreDigital 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
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.
MoreSchool 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, Kari Kasanen
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.
MoreThe 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
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.
MoreBetterDoctor 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
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.
MoreIceye 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
Carbo Culture raises €550,000. The startup, which is now operating in California, is building a thermochemical reactor that creates biochar from food waste.
MoreCarbo 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
