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.
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Raxalle
Raxalle automates workforce management processes on construction sites.
https://www.raxalle.com/ Fund III -
Kwizie
Kwizie has developed novel AI architecture designed to deliver the best educational quality generated from all kinds of video content.
https://www.kwizie.ai/ Fund III -
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.
https://dealguru.se/ Fund III -
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.
https://www.freightopt.com/ Fund III -
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.
https://daymi.co/ Fund III -
Eemel
Eemel is a Finnish technology company that provides comprehensive digital solutions for businesses.
https://eemel.com/en/ Fund III -
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.
https://clevercompliance.io/ Fund III -
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.
https://lolapanda.com/fi/ Fund III -
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.
https://10.team/ Fund III -
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.
https://waybiller.com/ Fund III -
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UPUP
Swedish wellness app helping people build positive mental health habits through small daily wins
https://www.upup.se/ Fund III -
TSF
Develops plug‑and‑play hybrid thermal power plants that deliver emission‑free heating using solar and air energy
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Habbie
A Swedish digital platform for rehabilitation and preventive training that makes therapy more motivating, effective, and accessible for patients and providers
https://www.habbie.se/ Fund III -
Physact
A Swedish digital health service combining physical activity and personalized physiotherapy support to reduce stress-related health issues and boost employee well‑being
https://www.physact.se/ Fund III -
Ommej
A social enterprise that helps authorities assess children’s mental health by identifying neighborhood support and risks for targeted, timely intervention
https://www.ommej.se/ Fund III -
Snower
Provides real-time snow condition data via IoT and AI to improve safety, forecasting, and winter operations in urban environments
https://snower.fi/ Fund III -
Datafarm
A Finnish SaaS startup offering ESG reporting tools for small and medium-sized businesses to manage sustainability, social responsibility, and governance
https://www.datafarm.fi/ Fund III -
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
https://hytrade.ai/ Fund III -
Planmark
An AI-powered reporting tool that automates ESG disclosures, freeing sustainability teams to focus on high-value strategy instead of manual tasks
http://www.planmark.fi/ Fund III -
Menken Trials
A clinical trial compliance platform that uses AI to automate and ensure real-time quality and regulatory standards
https://www.menkentrials.com/ Fund III -
Orijin
A traceability and compliance SaaS platform focused on agricultural supply chains—particularly coffee and cocoa—to support ethical, premium market access
https://orijin.io/ Fund III -
Virtual Days
A virtual hiring and branding platform behind Sweden’s largest digital career event, enabling scalable, human-focused recruitment with global ambitions
https://www.virtualdays.com/ Fund III -
Remos
Provides essential ground infrastructure—including modems and mission control systems—for small satellite operators worldwide
https://www.remosspace.com/ Fund III -
Rebelvolt
Maker of battery-powered e‑Generators—a clean, silent, maintenance-free, and capital-efficient alternative to diesel generators
https://www.rebelvolt.com/ Fund III -
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.
https://www.spacent.com/fi Fund III -
Minda
Minda is a SaaS platform that helps sales leaders identify what drives top performance, make better hiring decisions, and develop stronger sales teams
https://minda.fi/ Fund III -
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eWatt
Real-time, device-level electricity consumption insights for property managers to optimize usage, support solar integration, and improve efficiency
https://www.ewatt.fi/en/ Fund III -
Vuorox
An AI-powered scheduling tool built to solve complex shift planning problems in sectors like healthcare and social services with speed and precision
https://vuorox.fi/ Fund III -
Mjuk
A Finnish furniture platform specializing in high-quality second‑hand design pieces.
http://mjuk.fi/ Fund III -
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Nordic Information Control
Regulatory Compliance - as a Service. Automating compliance and information security
https://www.nord-ic.com/ Fund III -
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Din Psykolog
Din Psykolog improves access to mental healthcare by connecting patients with licensed psychologists through its digital platform.
https://dinpsykolog.se/ Fund III -
WorkNode
Worknode offers people who work in IT, data or web invoicing as private individual quickly and easily.
https://www.worknode.se/en Fund III -
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Yieldi
Fund II Exited -
Podme
A Nordic podcast and audiobook subscription platform providing ad‑free listening experiences across genres.
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Näktergal
An all-in-one, turnkey system to make lending efficient and straightforward for everyone.
https://naktergal.tech/ Fund II -
Feelingstream
Conversational AI platform that transcribes and analyzes customer interactions to automate and improve support and sales
https://www.feelingstream.com/ Fund II -
Academy Of Brain
e‑Learning platform delivering research‑based soft-skills training to future‑proof teams through microlearning
https://www.academyofbrain.com/ Fund II -
AutoVex
A Helsinki-based C2B online car auction marketplace acquired by Schibsted, helping sellers reach dealerships efficiently.
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Smoothly
Nordic marketing tech platform combining AI tools and vetted creators to deliver scalable, high-quality marketing content.
https://www.smoothly.fi/en Fund II -
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Youpret
A smart interpretation platform offering remote and on‑site language services with efficient booking and fair pay
https://www.youpret.com/ Fund II -
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
https://www.screenful.com/ Fund II -
Moderan
Lease and utilities management software tailored for commercial real estate, offering automated property portfolio oversight and revenue optimization
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Hoivanet
Finland’s first private family services agency, offering flexible 24/7 childcare and home care support to ease daily life for families
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Almerin
Finnish company that develops learning technology
Fund II Exited -
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PatentRenewal.com
A streamlined platform that automates international trademark and patent maintenance and renewal across multiple jurisdictions.
https://www.patentrenewal.com/ Fund II -
Woolman
A SaaS platform empowering companies to measure, reduce, and offset their carbon footprint to support sustainability goals
https://www.woolman.io/ Fund II -
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
https://www.4straction.com/ Fund II -
Goava
A CRM solution built for contact center teams, delivering real-time customer 360 views to improve engagement and support efficiency.
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Hydrohex
A green energy tech company turning carbon dioxide into usable fuels using solar-powered electrochemical processes
https://www.hydrohex.com/ Fund II -
Triggerbee
Conversion and marketing automation platform that personalizes website experiences based on visitor behavior
https://www.triggerbee.com/ Fund II -
Allies
Allies builds and manages talent hubs for high tech companies across Europe
https://www.allies.digital/ Fund II -
Montonio
A buy now, pay later (BNPL) financial services provider offering flexible checkout solutions for European online merchants
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Manna Insect
A sustainable food tech startup converting insect biomass into high-quality protein for aquaculture and feed applications
https://www.mannainsect.com/ Fund II -
Meploy
A talent matching platform using AI to pair jobseekers with recruiters or organizations, enhancing placement efficiency
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Statzon
A no-code analytics platform that enables anyone to transform data into clear, visual business insights
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Most Digital
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Pledsto
Fund II Exited -
Fiksuvuokraus
A Finnish marketplace that simplifies furniture rentals through peer-to-peer sharing and streamlined booking
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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.
https://badrap.io/ Fund II -
Cambri
Cambri is an AI-powered platform that helps teams test, validate, and optimize product and concept ideas quickly through automated consumer research.
https://www.cambri.io/ Fund II -
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
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Small Data Garden
A regenerative data platform that powers forest landscape restoration using AI and ecosystem knowledge
https://smalldatagarden.com/ Fund II -
Vinter
Crypto index provider
Fund II Exited -
SuperHood
Location-based digital platform that promotes discovery, communication, and collaboration between local people and organizations.
https://www.superhood.com/ Fund II -
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
https://www.foxie.ai/ Fund II -
Sellai
Digital platform, connecting niche B2B companies with a network of experienced freelance sales and marketing experts
https://sellai.ai/ Fund II -
Gravito
Consent management solutions with built-in real-time identity resolution
https://www.gravito.net/ Fund II -
Xiphera
A cybersecurity company enabling secure IoT communication through lightweight encryption solutions
https://xiphera.com/ Fund II -
On-time
A technology company that automates mobile communications for multiple business use-cases
https://www.ontime.fi/ Fund II -
Axitare
Easy-to-use medicine dispensing robot to support independent living at home
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Upsy
Upsy is an AI-powered shopping assistant that helps online stores increase conversion rates and boost average purchases
https://www.upsyshopping.com/ Fund II -
Hotelway
Finnish company that provides AI-based chatbots and communication tools for the hospitality industry to improve guest engagement and service
https://hotelway.ai/ Fund II -
Sommify
AI model designed to help on-trade staff and wine distributors sell more wine
https://sommify.ai/ Fund II -
Kodarit
A coding school offering immersive tech education programs for learners at every level
https://kodarit.com/ Fund II -
Talbit
Employee development platform that enables your employees to visualize skills, connect goals to the company's objectives and develop themselves
https://www.talbit.io/ Fund II -
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Diffo
Reporting tool providing information on performance, costs, profitability and emissions reporting
https://www.diffosolutions.com/ Fund II -
Rahoo
Embedded financing technology for integrating financing easily to the environments where customers already are
https://www.rahoo.fi/ Fund II -
Finadeck
BI reporting software combines financial data and business intelligence into a powerful package
https://www.finadeck.fi/ Fund II -
Pliance
A platform offering automation of AML screening and monitoring for KYC and KYB, and real-time transaction monitoring
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Billender
Developer of an online bill payment platform designed to help customers to pay bills by taking a picture of a bill
https://www.billender.com/ Fund II -
Hubbster Group
Swedish software and consultancy company that provides a digital platform and services for change management and strategic implementatio
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Eideasy
A solution provider in the field of Qualified Electronic Signatures (QES) and electronic identity in Estonia and in other countries
https://www.eideasy.com/ Fund II -
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Binary brains
Advanced AI solutions tailored to a wide range of industries, with a focus on optimizing procurement, logistics, and production workflows
https://binarybrains.com/ Fund II -
Coursy
A flexible LMS platform for enterprises that need to train masses of employees, partners, and customers under a more complex training process
https://www.coursy.io/ Fund II -
Hukka
Finnish technology company developing an intelligent SaaS-solution to measure, analyse and reduce food waste in professional kitchens
https://www.hukka.ai/ Fund II -
Crowdsorsa
Finnish startup developing a mobile game for crowdsourcing data collection
https://www.crowdsorsa.com/ Fund II -
Fiuge
Fiuge is a delivery service that is powered by multiple freelance couriers
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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
http://www.agilefant.com/ Fund I -
Tidy
Tidy is a sitebuilder that uses automation to speed up website production and AI
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Duunitori
Finnish job board and recruiting media with hundreds of communities in social media and partner sites
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PressDoor
Helsinki-based startup working on a software solution for the media industry
http://www.pressdoor.fi/ Fund I -
OneMind Dogs
Finnish-born dog training company helping owners understand their dog’s perspective and build a strong, lasting bond.
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Ezy Insights
Content discovery and news tracking tool for newsrooms
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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.
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Enterpay
Automated credit management and invoicing service for B2B merchants
http://www.enterpay.fi/ Fund I -
Futures Platform
Industry standard source for future trends and scenarios, and a full-functionality collaborative platform
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Klinik
health technology company that produces AI-powered solutions for healthcare providers to enable better healthcare for all
https://klinik.fi/ Fund I -
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Zapflow
All in one solution for investment professional working in venture capital, private equity and alternative investments
http://www.zapflow.com/ Fund I -
Ivalo
International fashion marketplace offering more than 100 sustainable fashion brands in one place
https://www.ivalo.com/ Fund I -
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
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Flashnode
With Flashnode you can automate data transfer between software and save time.
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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
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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
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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

Jacob Pichna
SommifyAI

Kristi Hakkaja
Moderan Solutions

Lauri Sulanto
Raxalle

Jürgen Lorenz
Menken Trials