Portfolio

portfolio

the nordic institutional super angel

We back camels — ambitious yet resilient startups. Our model offers founders an alternative path: financing and hands-on support for those who take a rational approach to risk, instead of betting everything on becoming the next unicorn. Our strategy is built on what is likely to happen, not just what could happen. By investing in a large number of companies, we treat startups as an asset class. The goal: market-level returns with lower risk. And with a solid track record, we’ve shown this approach works in practice.

“Gorilla guys focus on startups that build solid businesses, not just the technology. They have so much experience with B2B industry and are a great match for technology companies focusing on traditional industries, like real estate in our case. I explicitly remember our first call with Risto and how great it felt talking to an investor who really understood the challenge but also the opportunity in selling vertical industry SaaS. The other thing I love about Gorilla is their process – you talk directly to a partner, DD process if focused and fast, and they decide on their own regardless of other investors.”

Kristi Hakkaja, moderansolutions.com

“Gorilla is an early stage seed investor with a good reputation. If you get Gorilla to invest in your company, it is much easier to find other investors as well. Gorilla has a due diligence process, which can be a very educational experience.”

Teemu Laitinen, almerin.com

“Very straightforward, honest and no-non sense collaborator. Startups are full of utopia and “what-could-be”. However what makes the biggest difference in the end is the day to day grind. In my opinion Risto and Gorillas support you in having a big vision, while keeping laser focus on the current.”

Jarkko Aaltonen, smoothly.fi

“The first things that come to my mind are: - brutally honest and to the point - extremely skilled about the art and science of early-stage businesses - clear about their support and limits of their support. Approachable, helpful and friendly once you get over the intimidation that the brutal honesty can cause. Always open to have a phone call or meeting when I need an outside opinion. I hugely appreciate this! A rich and fun source of speaking in pictures about fairly complex problems. Here’s one of my favorites, when discussing the optimal size of our engineering team over a 12-month planning horizon: “A small motor boat won’t go faster when you attach a huge engine to it, it will just burn more fuel.” Love it!”

Rolf Schmitz, collectivecrunch.com

“Many startups have a vague or limited understanding of the value that an investor can create. It is quite understandable that investors want to see that startups thoroughly understand every aspect of their business and that they know how to create a profit from it. Gorilla Capital understand how to communicate clearly with startups and they know how to translate the business jargon into practical and tangible language that the startup can operate with. The startup/investor fit is very important for Gorilla Capital as they know where they are strong and that investing is not only about supplying money. They are very eager at helping out with the challenges and issues that startups may face. The investment process went well and smooth.”

Nicki Friis, 42patents.com

“Gorilla Capital is for companies that understand who is the end customer and who will pay for the service/product, but not yet sure how to build the business of it. You won’t get customers, but you will learn how to optimize your customer base. Make sure you have realistic plans about growth and progress. Honesty and transparency are key to cooperation. If you want to learn, Gorilla Capital is the right partner, you get a big network of other companies in the same phase around you who are ready to help. Compared to a normal angel investor, be prepared to look at the results behind the numbers, numbers don’t lie.”

Timo Haapaniemi, caddieye.com

“I will add that practical business wise of thinking is one of the key elements that I really much appreciate on communicating with you. The question is how much we grow MoM, turnover, customers, users etc. The key game changing question is how fast we are learning. That stuck with me, thank you for that insight!”

Maido Janke, Eziil Production Intelligence OU

“In communication Petri was very brief, target-oriented and honest: raised only the key (pain) points and Oppobot actions needed, in order to get the deal done (if any). Overall, Gorilla is highly entrepreneurial & experienced in what they do: despite summer holiday, things were taken forward effectively. Respect! Looking forward to our co-operation.”

Heli Holttinen, Oppobot.io

“Risto and Petri will mercilessly ask you hard questions and you may feel uneasy while trying to answer. However, just do your best since the questions are the right ones which you must in any case answer to be successful.”

Jaakko Ranta, click2contract.com

“We have experienced great cooperation with Gorilla Capital. The process for raising funds has been reasonable and straightforward, and we value the advice given. We feel the support and trust of Gorilla! We foresee the journey continue the same excellent as it started.”

Terje Ennomäe, feelingstream.com

“I can warmly recommend discussions with Risto. He is honest, open and gives valuable advice and feedback. He is a true professional and helped us in moving to the right direction.”

Maria Kuosa, aeromon.fi

“Gorilla Capital was very quick to respond and was well prepared for our first pitch. They were far quicker than most other institutional investors in their decision process and stood firmly with their commitment throughout a jumpy capital acquisition process. Their experience from the startup world has made them into valuable speaking partner. Gorilla require most reasonable amount of reporting and provide good support when needed. The partnership is effective and uncomplicated.”

Johan Strömberg, podme.com

“From Risto you will get invaluable feedback and sparring for your startup. He is brutally honest and thanks to his vast experience he is able to reveal all the soft parts so that you know what to work on to make your pitch better. Plus, he is a nice guy too.”

Kimmo Koivisto, digizen.id

“Building a cutting-edge banking system is about the hardest engineering challenge there is, so we wanted to work with people that get that. Gorillas no-nonsense attitude coupled with their understanding of the B2B market made them a great partner for us.”

Erik Bennerhult, naktergal.tech

“The first contact with Gorilla was very straight forward. I immediately noticed that Gorilla team has seen a lot of start-ups and thus know where to begin. Risto’s to the point questions brighten the thoughts of even an experienced start-up team. And, it seems to me that also other Gorilla’s processes are polished up to reach high efficiency, which benefits both parties. This no nonsense style suits me very well, and I would appreciate it from other venture capitalists too.”

Riitta Tiuraniemi, Skoggi Oy

“Gorilla Capital will ask you the right questions and make quick decisions. It’s a unique opportunity to get institutional capital at an early stage.”

Harald Axelius, billender.com

“Since day one we have had a very direct and honest conversation about our business and market. Risto and Petri bring in decades of B2B sales experience into our conversations. That and with a solid belief that a company is more than just the product it sells, we are constantly being challenged to re-think our truths to push our venture forward.”

Michael Bugaj, meploy.me

“ More than the dollars, we need the expertise, experience and advise. We have just started our cooperation but can already say that with Gorilla, it comes in a no-bullshit, but still professional way, which fits perfectly to our mindset. The process has been very rigid, fast and efficient, which is obviously essential at this stage. Going forward, we’ll expect to continue with the same approach and build mutual trust in the way.”

Tuure Karhu, hukka.ai

“Gorilla Capital was the first investor who was truly interested in the DNA of the company: not only how we are making money, but also how we see the future and what are the values the business is built in. The initial discussion was very valuable and provided a lot of understanding and tips on how to grow the business and what is the role of growth finance in it. The investor market snapshot and the overview of the investor types also provided a plenty of valuable information for founders who are building their first round of funding. I really appreciate the conversation we had with Risto!”

Olli Ainasvuori, mostdigital.fi

Our Portfolio
  • Raxalle

    Raxalle automates workforce management processes on construction sites.

  • Kwizie

    Kwizie has developed novel AI architecture designed to deliver the best educational quality generated from all kinds of video content.

  • DealGuru

    DealGuru is a Swedish community-driven platform founded in 2022 that curates and shares the best deals, discounts, and promo codes across various categories.

  • FreightOpt

    FreightOpt is a Finnish SaaS platform that allows small and mid-sized businesses to search, compare, book, and track road freight and parcel shipments.

  • Daymi

    Daymi is a Swedish SaaS operations hub designed for finance, compliance, and operations teams to track, structure, and prove recurring workflows with built-in audit trails, issue logs, and procedure documentation.

  • Eemel

    Eemel is a Finnish technology company that provides comprehensive digital solutions for businesses.

  • Clever Compliance

    Clever Compliance is a Swedish Nordic SaaS company that offers a cloud-based compliance management platform designed to automate, streamline, and digitize product compliance tasks like CE marking, certification tracking, and audit workflows for manufacturers and enterprises.

  • Lola Panda

    Lola Panda is a Finnish early‑childhood educational app developed by Beiz Oy that offers fun, safe, and ad‑free learning games for children.

  • 10.Team

    10.team is a sports‑focused partnership platform that enables brands and agencies to manage communities, athlete and team collaborations, and promotional content across social media, all from a single, streamlined dashboard.

  • WayBiller

    Waybiller is an Estonian SaaS platform that digitizes logistics by transforming traditional paper waybills into automated e‑waybills for bulk transportation management across sectors like agriculture, ports, and waste.

  • Fundrella

    ESG transparency platform for asset managers.

  • Clevenio

    Sales Intelligence Platform

  • UPUP

    Swedish wellness app helping people build positive mental health habits through small daily wins

  • TSF

    Develops plug‑and‑play hybrid thermal power plants that deliver emission‑free heating using solar and air energy

  • Habbie

    A Swedish digital platform for rehabilitation and preventive training that makes therapy more motivating, effective, and accessible for patients and providers

  • Physact

    A Swedish digital health service combining physical activity and personalized physiotherapy support to reduce stress-related health issues and boost employee well‑being

  • Ommej

    A social enterprise that helps authorities assess children’s mental health by identifying neighborhood support and risks for targeted, timely intervention

  • Snower

    Provides real-time snow condition data via IoT and AI to improve safety, forecasting, and winter operations in urban environments

  • Datafarm

    A Finnish SaaS startup offering ESG reporting tools for small and medium-sized businesses to manage sustainability, social responsibility, and governance

  • Hytrade

    Provides an AI-powered SaaS platform enabling industrial users to optimize renewable electricity consumption and trading, making energy-intensive operations more efficient and sustainable

  • Planmark

    An AI-powered reporting tool that automates ESG disclosures, freeing sustainability teams to focus on high-value strategy instead of manual tasks

  • Menken Trials

    A clinical trial compliance platform that uses AI to automate and ensure real-time quality and regulatory standards

  • Orijin

    A traceability and compliance SaaS platform focused on agricultural supply chains—particularly coffee and cocoa—to support ethical, premium market access

  • Virtual Days

    A virtual hiring and branding platform behind Sweden’s largest digital career event, enabling scalable, human-focused recruitment with global ambitions

  • Remos

    Provides essential ground infrastructure—including modems and mission control systems—for small satellite operators worldwide

  • Rebelvolt

    Maker of battery-powered e‑Generators—a clean, silent, maintenance-free, and capital-efficient alternative to diesel generators

  • Spacent

    A Finnish prop‑tech platform offering flexible access to coworking spaces, offices, and meeting rooms across the Nordics—enabling hybrid work and sustainable workspace use.

  • Minda

    Minda is a SaaS platform that helps sales leaders identify what drives top performance, make better hiring decisions, and develop stronger sales teams

  • Agenton

    Revolutionizes dealership's phone lines with AI

  • eWatt

    Real-time, device-level electricity consumption insights for property managers to optimize usage, support solar integration, and improve efficiency

  • Vuorox

    An AI-powered scheduling tool built to solve complex shift planning problems in sectors like healthcare and social services with speed and precision

  • Mjuk

    A Finnish furniture platform specializing in high-quality second‑hand design pieces.

  • WAYTOBILL

    The go-to solution for recurring payments

  • Nordic Information Control

    Regulatory Compliance - as a Service. Automating compliance and information security

  • Teamspective

    AI powered Leadership Enablement platform

  • Din Psykolog

    Din Psykolog improves access to mental healthcare by connecting patients with licensed psychologists through its digital platform.

  • WorkNode

    Worknode offers people who work in IT, data or web invoicing as private individual quickly and easily.

  • Super-Site

    Personized website experiences

  • Click2Contract

    Sold back to founders.

  • Yieldi

    Fund II Exited
  • Podme

    A Nordic podcast and audiobook subscription platform providing ad‑free listening experiences across genres.

  • Näktergal

    An all-in-one, turnkey system to make lending efficient and straightforward for everyone.

  • Feelingstream

    Conversational AI platform that transcribes and analyzes customer interactions to automate and improve support and sales

  • Academy Of Brain

    e‑Learning platform delivering research‑based soft-skills training to future‑proof teams through microlearning

  • AutoVex

    A Helsinki-based C2B online car auction marketplace acquired by Schibsted, helping sellers reach dealerships efficiently.

  • Smoothly

    Nordic marketing tech platform combining AI tools and vetted creators to deliver scalable, high-quality marketing content.

  • Serviceform

    Lead generation and automation tools for websites.

  • Youpret

    A smart interpretation platform offering remote and on‑site language services with efficient booking and fair pay

  • Growth Minds

    Fund II Exited
  • Caddieye

    Developer of golf rangefinder technology designed to create new innovations for golf players and golf courses.

    Fund II Exited
  • Screenful

    A productivity analytics platform that integrates with tools like Jira, Trello, and Asana to automate visual dashboards, reports, and insights for agile teams

  • Moderan

    Lease and utilities management software tailored for commercial real estate, offering automated property portfolio oversight and revenue optimization

  • Hoivanet

    Finland’s first private family services agency, offering flexible 24/7 childcare and home care support to ease daily life for families

  • Almerin

    Finnish company that develops learning technology

    Fund II Exited
  • Buenno

    Intelligent survey tool

  • PatentRenewal.com

    A streamlined platform that automates international trademark and patent maintenance and renewal across multiple jurisdictions.

  • Woolman

    A SaaS platform empowering companies to measure, reduce, and offset their carbon footprint to support sustainability goals

  • Panda Training

    Fund II Exited
  • Witview

    Witview gives your online store instant access to millions of product reviews collected from thousands of trusted sources all around the world.

    Fund II
  • 4straction

    Offers data-driven competitive intelligence to digitally native vertical brands for strategic market benchmarking

  • Goava

    A CRM solution built for contact center teams, delivering real-time customer 360 views to improve engagement and support efficiency.

  • Hydrohex

    A green energy tech company turning carbon dioxide into usable fuels using solar-powered electrochemical processes

  • Triggerbee

    Conversion and marketing automation platform that personalizes website experiences based on visitor behavior

  • Allies

    Allies builds and manages talent hubs for high tech companies across Europe

  • Montonio

    A buy now, pay later (BNPL) financial services provider offering flexible checkout solutions for European online merchants

  • Manna Insect

    A sustainable food tech startup converting insect biomass into high-quality protein for aquaculture and feed applications

  • Meploy

    A talent matching platform using AI to pair jobseekers with recruiters or organizations, enhancing placement efficiency

  • Statzon

    A no-code analytics platform that enables anyone to transform data into clear, visual business insights

    https://statzon.com/ Fund II Exited
  • Most Digital

  • Pledsto

    Fund II Exited
  • Fiksuvuokraus

    A Finnish marketplace that simplifies furniture rentals through peer-to-peer sharing and streamlined booking

  • Skillgrower

    A Finnish digital learning platform for mathematics

    Fund II Exited
  • Badrap

    Badrap provides an all-in-one platform for managing cybersecurity risk, helping companies assess, monitor, and communicate their security posture with ease.

  • Cambri

    Cambri is an AI-powered platform that helps teams test, validate, and optimize product and concept ideas quickly through automated consumer research.

  • Taika

    Taika Company provides scalable cloud services for business communications and helps clients transform traditional ways of working into digital operations

    Fund II Exited
  • Scoopify

    Digital platform that connects professional producers of text content with companies that need content production

    Fund II Exited
  • Vinden

    Swedish company offering on-demand, digital storage and logistics services for individuals and businesses

    https://vinden.com Fund II Exited
  • Small Data Garden

    A regenerative data platform that powers forest landscape restoration using AI and ecosystem knowledge

  • Vinter

    Crypto index provider

    Fund II Exited
  • SuperHood

    Location-based digital platform that promotes discovery, communication, and collaboration between local people and organizations.

  • Foxie

    Foxie provides an up-to-date view of the company's client relationships on a client-specific basis, and helps ensure client satisfaction through feedback automations

  • Sellai

    Digital platform, connecting niche B2B companies with a network of experienced freelance sales and marketing experts

  • Gravito

    Consent management solutions with built-in real-time identity resolution

  • Xiphera

    A cybersecurity company enabling secure IoT communication through lightweight encryption solutions

  • On-time

    A technology company that automates mobile communications for multiple business use-cases

  • Axitare

    Easy-to-use medicine dispensing robot to support independent living at home

    https://axitare.com/ Fund II Exited
  • Upsy

    Upsy is an AI-powered shopping assistant that helps online stores increase conversion rates and boost average purchases

  • Hotelway

    Finnish company that provides AI-based chatbots and communication tools for the hospitality industry to improve guest engagement and service

  • Sommify

    AI model designed to help on-trade staff and wine distributors sell more wine

  • Kodarit

    A coding school offering immersive tech education programs for learners at every level

  • Talbit

    Employee development platform that enables your employees to visualize skills, connect goals to the company's objectives and develop themselves

  • Monzuun

    A Finnish AI inbound solutions company

  • Diffo

    Reporting tool providing information on performance, costs, profitability and emissions reporting

  • Rahoo

    Embedded financing technology for integrating financing easily to the environments where customers already are

  • Finadeck

    BI reporting software combines financial data and business intelligence into a powerful package

  • Pliance

    A platform offering automation of AML screening and monitoring for KYC and KYB, and real-time transaction monitoring

  • Billender

    Developer of an online bill payment platform designed to help customers to pay bills by taking a picture of a bill

  • Hubbster Group

    Swedish software and consultancy company that provides a digital platform and services for change management and strategic implementatio

  • Eideasy

    A solution provider in the field of Qualified Electronic Signatures (QES) and electronic identity in Estonia and in other countries

  • Netradar

    Network Performance Crowdsourcing Solution

  • Binary brains

    Advanced AI solutions tailored to a wide range of industries, with a focus on optimizing procurement, logistics, and production workflows

  • Coursy

    A flexible LMS platform for enterprises that need to train masses of employees, partners, and customers under a more complex training process

  • Hukka

    Finnish technology company developing an intelligent SaaS-solution to measure, analyse and reduce food waste in professional kitchens

  • Crowdsorsa

    Finnish startup developing a mobile game for crowdsourcing data collection

  • Fiuge

    Fiuge is a delivery service that is powered by multiple freelance couriers

  • Polka Dot Studio

    Polka Dot Studio builds free-to-play fashion games for female audiences

    Fund I Exited
  • Agilefant

    Software tool for tracking and planning that enables organizations to unleash the full potential of their employees, partners and existing tools

  • Tidy

    Tidy is a sitebuilder that uses automation to speed up website production and AI

  • Duunitori

    Finnish job board and recruiting media with hundreds of communities in social media and partner sites

  • PressDoor

    Helsinki-based startup working on a software solution for the media industry

  • OneMind Dogs

    Finnish-born dog training company helping owners understand their dog’s perspective and build a strong, lasting bond.

  • Ezy Insights

    Content discovery and news tracking tool for newsrooms

  • City Digital

    Innovative technology company whose platforms are used by millions of people to find inspiration, value, and joy in everyday life, leisure, and work.

    http://www.city.fi/ Fund I Exited
  • Enterpay

    Automated credit management and invoicing service for B2B merchants

  • Futures Platform

    Industry standard source for future trends and scenarios, and a full-functionality collaborative platform

  • Klinik

    health technology company that produces AI-powered solutions for healthcare providers to enable better healthcare for all

  • Talent Adore

    Next-generation, AI-powered recruitment software

  • Zapflow

    All in one solution for investment professional working in venture capital, private equity and alternative investments

  • Ivalo

    International fashion marketplace offering more than 100 sustainable fashion brands in one place

  • Grib

    Create and design in 3D within minutes

    Fund I Exited
  • Collective Crunch

    Green technology company that is committed to building a sustainable future for forestry

  • Flashnode

    With Flashnode you can automate data transfer between software and save time.

  • Videoly

    Market-leading ecommerce content management platform

  • Koulu Education Group Ltd.

    Customized digital solutions to school owners that increase the competitiveness of the private education

    Fund I Exited
  • Readpeak

    Premier self-serve platform for programmatic native advertising

  • Arctic Studios

    A content studio servicing the Gaming, Entertainment and Esports Industry

    Fund I Exited
  • Vivas Media

    Source to discover and advertise high quality social media content

    Fund I Exited
  • Ekin Labs

    Ekin Labs provides Artificial Intelligence engines that turns ambient signals into actionable insight for connected people and homes

    Fund I Exited
  • Revieve

    A Provider of personalised beauty product recommendation using AI

  • Coachilla

    Connecting individuals seeking personal or professional coaching with verified coaches for video-based sessions

    Fund I Exited
  • Buildie

    Software company that develops and sells software products for building documentation and quality management

testimonials

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Jacob Pichna

SommifyAI

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Kristi Hakkaja

Moderan Solutions

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Lauri Sulanto

Raxalle

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Jürgen Lorenz

Menken Trials