Aivo upper image 

## Healing the root cause of chronic symptoms

Chronic pain is a $635 billion per year burden on the health care system in the U.S. alone. Aivo's vision is to shift chronic pain care from ad hoc random encounters to continuous precision care. The company is developing a personalized self-care program with leading neuroscientists that teaches brain to overcome chronic back pain. To cure chronic pain, the brain needs to be rewired and Aivo's program uses emotional learning to treat the root cause of chronic pain. By discovering personal pain profile Aivo is able to create personalized daily programs, which are fine-tuned monthly to start journey towards pain-free life. 

Investors 

## The Aivo Program is developed by leading neuroscientists

While serial entrepreneur and chronic pain patient Mika Marjalaakso studied scientific literature for a cure, he stumbled on the work of Professor Apkarian, a respected neuroscientist who used brain imaging to show that, instead of the tissue damage, the brain structure was best to predict the symptom patterns and differential treatment response. Soon after, Aivo was born. Now, Marjalaakso and Apkarian are building Aivo together. They're fulfilling their vision by using in-app digital biomarkers and machine learning models that leverage Dr. Apkarian's decades of work at Northwestern University.   


Aivo App picture

> We are starting with chronic low back pain, but we’ve got big ambitions. And we won’t stop until we’ve succeeded at redefining what chronic pain care means.

Making: Precision pain care
Round size: €2M
Invested in: 2021

Aivo

Altum Technologies upper picture

## Building cleantech solutions to reduce CO2 emissions in process industries

Altum Technologies is the first and only company to use focused power ultrasound to remove fouling from industrial equipment with no production stoppages and no equipment disassembly.

Having a specialized solution for several industries is a must, therefore Altum Technologies experts and technology have taken into account the industrial needs of pulp and paper, mining and mineral processing, oil and gas, chemical production, and more.

> By investing in Altum Technologies, we wanted to back an industrial revolution in which there is no need to stop production because of fouling and this generates a lot of value. 

Ilkka Kivimäki
Partner at Maki.vc

## It’s hard to believe that the world is throwing away entire fouled pipelines

Fouled industrial pipelines are a total nightmare. As the pressure rises, energy consumption skyrockets, and the whole production needs to be stopped in order to clean up the clogged pipe as fast as possible. For heat exchangers alone, fouling costs amount to $123 billion in the world’s ten largest economies.

Altum COO Bo Malmberg and CEO Matias Tainela ran a company that imported different sonic and ultrasonic cleantech solutions to clean fouling in industrial equipment. Their customers often asked, “Do you have a product that can clean our fouled equipment with ultrasound without the need to stop production?”. They looked all over the world a solution that could do this — but found nothing. All the ultrasound technologies out there were just too weak. Now, they are building this solution. 

> The currently used cleaning methods are mechanical and chemical washes. But both require the machinery to be stopped, which means they are out of productive use for hours or even days.

Matias Tainela 
CEO at Altum Technologies 

Altum quote image 

Making: Fouling removal with power ultrasound
Invested in: 2018

Altum Technologies

Alvar Pet intro image 

## Eco-friendly and personalized dog food, delivered directly to the customer’s door 

The growing pet industry is an area that has not reacted to sustainability challenges that the industry is causing, but Alvar Pet believes owning a dog should not be a choice against the environment. 

Alvar Pet has created a range of zero-emission meals by making sustainable choices in every step of the operational chain. That means choises such as using Nordic ingredients like Baltic herring, faba beans and oats, using recyclable materials, and delivering the food directly to the dog owner's front door. 

> Alvar's value-led mission stands out from its competitors. The company's D2C business challenges the traditional, well-known brands and the often locally functioning distributors with its data-driven customer understanding and speed.

Pauliina Martikainen
Investment Director at Maki.vc

Alvar pet image 

## Alvar Pet found an uncatered space in environmentally-conscious pet owners

Being dog owners themselves, the founder group felt that these topics should be addressed and they founded Alvar with the mission to minimise the carbon pawprint. They started addressing the pawprint impact of food consumption that accounts over 50% of the emissions.

They currently offers a range of zero-emission dog foods made of Nordic ingredients such as Baltic herring, oats and faba beans and have delivered over 300,000 meals since their launch in 2020. 

Quote image 

> As dogs become an increasingly popular and prominent part of our lives, their environmental impact must be addressed

Ilari Haataja 
Co-founder of Alvar Pet 

Making: Sustainable pet food home-delivered
Round size: €1M
Invested in: 2020

Alvar Pet

Upper image Calqulate

## Building a financial analytics platform for startups and growth companies 

Calqulate envisions a world where every entrepreneur has the financial knowledge to run a successful business and get easier access to financing.

Their financial analytics platform helps startups and growth companies to understand their current and future business performance to achieve faster growth. They do this, by combining all key subscription metrics, cashflow management and financial forecasts to a single, easy-to-use platform.

> Many companies, especially in their early stages, have limited budgets or capabilities in their financial teams. In order to manage successful, rapid growth, you need to be on top of your key metrics and have a forward looking view to your cash flow

Pirkka Palomäki 
Partner at Maki.vc

Big picture Calqulate 

## Financial forecasting shouldn’t be tedious and complex

The founders have personal experience of tech companies achieving considerably faster growth when they understand their key metrics and know how much it costs to acquire new customers in different markets. It's essential to know when it's time to invest in growth and Calqulate is working to eliminate  challenges and risks by providing a clear overview of the company’s growth metrics and accurate cash flow forecasts.

Calqulate has grown to a burgeoning thirty person company with staff on 3 continents and representing 10 nationalities. Next, the company plans to launch its platform to businesses in other verticals, such as e-commerce and mobile gaming, and enter the U.S market. 


> By providing an opportunity to better understand their current and projected business performance, we’re positioning SaaS companies to achieve exponentially faster growth. We offer our customers a full suite of finance-led growth tools. Say goodbye to having 200 tabs open and say hello to clarity

Niko Laine
CEO at Calqulate


Niko Laine Calqulate

Making: Finance understandable
Round size: €1.5M 
Invested in: 2020

Calqulate

CarbonCloud hero image

## Building a platform to discover your climate footprint

CarbonCloud makes climate labelling feasible on a global scale and on full portfolio level for the food producers. Without a platform for calculating and sharing of data, the industry cannot work effectively on their climate footprints.

CarbonCloud's web service replaces expensive expert consultants while delivering a superior service. The digital platform lets food producers easily calculate their climate footprint and share their results with business partners and the public. Users become their own experts and identify improvement potentials in their value chains.

> We love investing in teams making products that help make sustainable choices a habit. CarbonCloud’s vision for how to make a change in the food industry is truly unique, putting keys into brands’ and consumers’ hands in ways we&#39;ve never seen before

Pauliina Martikainen 
Investment Director at Maki.vc

Carbon Cloud / Nude picture

## The science behind food and climate change is hard, but the decisions that have to be made to fight it are easy 

Founded in 2016 as a spinout from food and climate research at Chalmers University of Technology. Founded and run by leading researchers on food and climate change who dedicate their lives to provide you with accurate and comprehensible information about the climate impact from your choices. Regardless of whether you are a chef, a restaurant guest, a food producer, or an end consumer. We help you understand and help you learn that making climate-smart choices is easy.

The team behind CarbonCloud combines decades of cutting edge climate impact research with long business executive and entrepreneurship experience. The services are developed and provided using state-of-the-art cloud computing technologies.

> Food and agriculture are globally responsible for almost 25% of the climate problem and end-consumers increasingly realize that they can make a difference by purchasing food products with transparent climate labels

David Bryngelsson
CEO at CarbonCloud

CarbonCloud quote image 

Making: Climate footprint calculation platform
Round size: €600K
Invested in: 2020 

CarbonCloud

Disior upper image

## Building 3D medical imaging software for clinicians

Disior is turning CT and MRI images into mathematical models and numerical analysis. Their 3D analytics software for medical doctors analyses, quantifies and parameterizes medical images. The software turns medical images into automated, objective data for patient diagnosis, treatment planning, and outcome assessment. 

The Disior software helps doctors make better diagnoses and treatment decisions based on accurate, consistent, and comparable data – something that traditional and soon-to-be outdated methods can never match.

Investors

> The Disior method analyzes the original 3D data in a way that compares to having a full vision

Professor Jari Salo 
MD & Specialist in Orthopedics and Trauma

Quote 

## Making Medical Imaging Intelligent

In the next 5–10 years, artificial intelligence is likely to fundamentally transform the $30+ billion diagnostic imaging market by speeding up the clinical workflows, improving diagnostic quality and enabling personalized treatment. To date all commonly used medical imaging solutions produce a set of separate 2D pictures from various angles, leaving the responsibility of compiling the puzzle to the physician.

New technologies are urgently required to extract and reconstruct the data in a way that reduces human labor, lowers costs, and improves accuracy to benefit patients and physicians alike.

> Standing at the crossroads of medical and technology, we think a lot about finding the common language with clinicians — to have a profound understanding of what they need, want and see as possible

Anna-Maria Henell
CEO at Disior 

Quote image Disior 

Making: Medical imaging intelligent 
Round size: €1.7M
Invested in: 2018

Disior

all companies before load more

Baseimmune upper image 

## Developing a variant-proof coronavirus vaccine

UK-based Baseimmune is a biotech startup founded to create vaccine that could provide immunity against all future coronaviruses and predict new variants. But how? Pathogens are evolving constantly to adapt and ensure their survival, meaning they are a constantly moving target for vaccines. Baseimmune uses deep learning to predict the direction that a pathogen will take to create vaccines that are many steps ahead and future proof.

Their unique platform is based on powerful technology, which generates antigens using a level of informatics depth not previously seen. This way they're able to tackle emerging and challenging pathogens, and most importantly able to ensure that vaccines remain effective even if a pathogen mutates.

> In January 2020, even when there was just a small amount of data available about the Covid-19 virus, we predicted the key variants that would emerge, like the South African one.

Josh Blight 
Co-founder at Baseimmune

Baseimmune / Wide picture 

## We keep missing the bullseye 

“Pathogens are a bit like dartboards and the vaccine the dart. The problem is that the dartboard keeps moving, sometimes we manage to hit them whilst others we can never hit in time. We are seeing this now with reduced vaccine efficacy against emerging COVID variants.” This is how Baseimmune Co-founder likes to explain the problem their team is tackling.

The founders met while working at the Jenner Institute at the University of Oxford, where they developed vaccines for a various of diseases. Baseimmune was founded in August 2019 and now manufacturing and testing of an ASFV vaccine is underway. They expect to deliver a vaccine against Africa Swine Fever in few years.

>  We call this vaccines with plasticity. Imagine only needing one flu shot instead of one every year, that's vaccines with plasticity.

Joshua Blight
Co-founder at Baseimmune

Quote image

Making: a variant-proof coronavirus vaccine
Round size: €860K 
Invested in: 2021

Baseimmune

Happeo upper image 

## Building a social intrenet 

Enterprise and fast-growing companies are struggling to connect a diverse workforce over locations and generations. Departmental silos, the absence of effective knowledge sharing, and an overflow of tools used to communicate and collaborate often results in low employee productivity and engagement. 

Happeo is solving these challenges by bringing together the software that organizations use daily into one unified platform, allowing employees not only to connect and collaborate in new ways, but also to work more efficiently. With 280%
YoY growth rate, today already more than 300,000 employees are working with the Happeo digital workplace. In 2019, Gartner named Happeo a Cool Vendor. That same year, The Next Web recognized Happeo as one of Europe's fastest-growing scale-ups.

> Traditional employee intranets are dead, because they host static and often outdated information in isolation, offering no value to the employee

Perttu Ojansuu
Co-Founder and CEO of Happeo.

## Big organizations tend to be terrible at internal communications

Company information is spread across several applications, and as the applications usually aren’t connected to one another, employees struggle to locate the right information at the right time. Happeo compiles different enterprise applications into one, easy-to-use UX, and enables integration of other corporate softwares such as CRM and HR systems.

And when ecosystems wage a furious war over market share and do everything in their power to create a strategic lock-down, the end user needs are often neglected. Happeo's vision is total integration, where employees can work with any solution regardless of political ecosystem tensions.

> We felt that intranets were typically made only from the point of view of the administrators

Perttu Ojansuu 
CEO at Happeo 

Making: Social intranet
Round size: €11M
Invested in: 2018

Happeo 

Spinnova upper image 

## Spinnova is developing the most sustainable fibre 

Spinnova is on a mission to create a more sustainable textile industry. One where cellulose-based materials are a cost-efficient, environmentally friendly and preferred option for brands. The current manufacturing processes rely mostly on non-renewable resources such as oil, fertilizers and dye, while consuming globally 93 billion cubic meters of water annually. That’s nearly the amount of water in the Dead Sea.

Spinnova’s sustainable fibre, created out of wood and waste without the use of harmful chemicals and with 99% less water than the cotton value chain, will be available for global textile brands in 2022.  Fibre produced this way creates minimal CO2 emissions, is quickly biodegradable and contains no microplastics.

> We work hard to scale up an innovation that global, critical challenges like climate change desperately need

Janne Poranen 
CEO at Spinnova

Spinnova middle picture

## It all started with a spiderweb 

In 2009, former fluid dynamics scientist Juha Salmela attended a lecture at Oxford University, given by a leading spider researcher about the structural similarities between the spider web and nanocellulose. During the lecture he got inspired: Would it be possible to replicate the spider’s nozzle technique and apply it to cellulose? As freaky as it may sound, it was. 

With team of +40 their journey is on the verge of commercialization. With their committed brand partners, Spinnova has introduced the first demo products. Now, they're finalizing product properties and production processes, while working on further prototypes with partners who share our passion for sustainability.


> This tech can make fabric from old clothing, agricultural waste–and even trees

Fast Company 

Spinnova quote picture 

Making: The most sustainable fibre
Round size: €11M 
Invested in: 2018

Spinnova

BLAST upper image 

## Building a global esports media network delivering world class entertainment experiences

BLAST Premier is an innovative global tournament series of live Counter-Strike tournaments, with the best teams in the world competing in a fast and exhilarating format. 

Whether it be intimate broadcast studio shows, arena events, digital platforms, or industry-leading multi-platform content, the BLAST team creates the most exciting, exhilarating, and euphoric moments in esports.

> It's about diversifying our incredible broadcasts, our digital product, to enable ourselves to be in further games

Robbie Douek
CEO at BLAST Premier 

## The most entertaining esports event in the world

In 2019, esports revenues were above $1B, while the entire games industry has become a $150B business. BLAST Premier works in the center of this growing industry. 

In 2020 Blast Premier went completely digital with standout results. During 2020, [Blast produced](https://www.sportspromedia.com/analysis/blast-premier-robbie-douek-esports-2021-tournaments-investment-sponsorship) more than 800 hours of esports action – more than 6x than in 2019 – and generated over 146 million views across its owned channels, with tournaments broadcast in 105 territories.

Quote image BLAST 

> We’re an entertainment business by heart, so everything we do has to lead with this sort of mantra: We’re really trying to entertain the world, entertain the population, do it slightly differently, and make it really sing and dance 

Robbie Douek
CEO at BLAST Premier 

Making: Global esports entertainment
Round size: €12.5M
Invested in: 2018

BLAST

Enfuce upper image 

## Building payment, open banking and sustainability services for banks, fintechs, financial operators, and merchants 

By combining industry expertise, innovative technology, and compliance, they deliver long-term and scalable solutions fast and securely. Enfuce's aim is to change the financial industry for good by building sustainable and relevant solutions that have a positive impact. 

Enfuce's services include next level card issuing and payment processing services, the only PSD2 and open banking services you will ever need, and a purchase-based carbon footprint tracker.

> Enfuce and their team of financial industry heavy lifters convinced us with their future-proof approach that can serve a wide range of businesses in the payments industry, and a platform that can be scaled globally

Ilkka Kivimäki 
Partner at Maki.vc

## Nordic fintech powerhouse 

Everything started in 2016 with the desire to do things faster, safer, and better. The co-founder Monika Liikamaa asked the future Enfuce co-founders: “If we were to rebuild payments from the ground up, how would we do it?” It quickly became apparent that a flexible cloud-based solution was the way to go as this approach offered unrivalled global scalability and fast implementation.

Years later, they are a Nordic forerunner in payment processing & card issuing services, with a cutting-edge payment platform serving close to 10 million end users globally.

Enfuce quote image 

> Shoppers will soon be able to work out the true carbon footprint of their purchases thanks to an app from one of the most digitally savvy nations in the world

Bloomberg


Making: The future of payments
Round size: €7M
Invested in: 2019

Enfuce

Upper Image Neuro Event Labs

## Building the standard for epilepsy diagnostics

Neuro Event Labs is revolutionizing epilepsy treatment with their AI-powered diagnostics product Nelli™, which brings notable cost savings and improved efficiency to a field of medicine affecting over 65 million people worldwide. Currently, 30% of diagnosed epilepsy cases are later disproved by new methods, and one-third of epilepsy patients continue to have seizures regardless of treatment. 

Neuro Event Labs has developed an AI-powered epilepsy diagnostic, which is based on video and audio recordings that can be collected from either the patient’s home or in hospital. Nelli™ is CE-marked and has been launched for regular clinical use at 20 leading European hospitals, and used in collaboration with hospitals in the US.  


>  With healthcare systems around the world currently under stress, it’s all the more important that we develop more solutions for at-home care and diagnosis  

Kaapo Annala
CEO at Neuro Event Labs.  

## Quantifying epileptic seizures with computer vision and AI

Neuro Event Labs Co-founder Jukka Peltola, MD and professor in neurology, was frustrated in the current epilepsy treatment methods: epilepsy diagnosis were dependent on hospital visits and only 5% of patients were subjected to Video EEG examinations. 

He believed that the best way to learn about each patient’s condition is to be present when the seizure occurs, but up until now, there hasn’t been a technology that allows patients to be monitored at home and produces enough reliable data without causing discomfort or disrupting everyday activities. Now, by collecting high-quality data of the seizures from a patient’s home or the hospital, Neuro Event Labs can more efficiently detect and identify the type of seizure the patient suffers from and thus, offer more personalized treatment. 


>  Near future, our technology will be applied to other neurological disorders such as Parkinson’s, Sleep Apnea and Cerebral Palsy

Kaapo Annala
CEO at Neuro Event Labs


Making: Seizure detection 
Round size: €3.4M
Invested in: 2018

Neuro Event Labs 

Mainframe hero image 2 

## Building the world's first cloud-native MMO

Mainframe Industries is a pan-Nordic game venture with studios in Helsinki and Reykjavik that brings together a 13 strong founding team of veteran game developers. The team members have been part of building iconic games such as EVE Online, Alan Wake, and The Walking Dead: No Man’s Land.

Mainframe is working on a vibrant world with new ways to engage and connect with friends. In cloud gaming, a game is computed in internet-connected datacenters, and then the results are sent via video to a user’s screen. That enables gaming on various machines, be it a low-end laptop, a desktop gaming PC, a mobile device, or a console display such as a TV.

> Today, we bring all our hard won lessons (both good and bad) to our cause of reimagining an MMO for this decade

Thor Gunnarsson
CEO at Mainframe

Mainframe image 

## The next generation in gaming is rising from the Nordics

Mainframe is a 20-strong team of veteran game developers set out to create the first cloud-native social sandbox MMO — a game that you can play anywhere, using the device of your choice. They’re betting on the rise of 5G to accelerate this paradigm shift to cloud gaming — much like King’s success was largely due to the success of Facebook games, Rovio’s growth was propelled by the launch of the iPhone, and Supercell was able to build the perfect game for the iPad.

And Mainframe’s not the only one in the race — giants like Amazon, Google, and Microsoft already have plans for the cloud-native future of gaming in place. There are signs everywhere that cloud-native games will revolutionize the games industry in the same way as Netflix and Spotify changed how we consume television or music.

Quote image mainframe 

> Cloud native games are the future — and we at Maki.vc are beyond excited to work with the team we believe will be leading the charge

Ilkka Kivimäki
Partner at Maki.vc

Making: Cloud-native MMO
Round size: €7.6M
Invested in: 2019

Mainframe Industries

Collo upper image

## Building an Industrial IoT liquid analyzer

Collo's vision is to transform the productivity and environmental footprint of manufacturing industry. Their analyzer provides actionable real-time analytical results from processes prior measured only in a laboratory, and thus helps its customers better understand and to develop more effective liquid processes. 

Collo helps its customers save energy, materials, processing time, and increase product quality and shorten product to market time. They're already working with tens of customers across several sectors: water, chemical and mining, food and beverage, ceramic, oil and paint, and coating. Their customers include global Fortune 500 companies as well as small and innovative process owners.

> We can increase the safety of liquids and save our stakeholders’ and mankind’s resources, including energy, chemicals, raw-materials and time.

Matti Järveläinen
CEO at Collo

## In search of a liquid fingerprint

Dirty drinking water, unqualified liquid used in a manufacturing process, or a contaminated drink on a bar counter. Liquids are ingenious to hide what they really contain. But every liquid has a fingerprint, and Collo has found a way to identify it.

Collo’s solution sends a MHz-range radio wave that advances through the liquid. The analyzer detects interferences that the chemicals and different component in the liquid in the liquid cause to the signal. Sensitivity of the measurement reaches a level of a millionth. It’s a continuous, real-time measurement that works regardless of the solidness or complexity of the liquid, from drinking water to ceramic mass.

> Every liquid has a unique fingerprint. No two are the same, just like no two human fingerprints are the same.

Ilkka Sillanpää
Co-founder of Collo

Making: Ultimate liquid process performance
Round size: €1.8M
Invested in: 2018

Collo

Ogoship yläkuva

## Building a global network of 3PL warehouses for online retail.

OGOship is building a global 3PL network of fulfillment hubs for online retail. Using OGOship's network, small and medium-sized online retailers can sell globally but also minimize their shipping distance and delivery times. With their worldwide fulfillment network and smart local-like shipments,  businesses can ship globally and sustainably.

OGOship customers can store their goods in several warehouse locations, 
sell products in multiple online stores and use one inventory, and manage everything with one Order Management System.

> We want to always ship from the closest possible location. Less time used, less costs and for sure less CO2

Timo Toivonen
CEO at OGOship


OGOship

## The demand for more sustainable solutions is rising in the field of e-commerce

OGOship has been growing steadily (with 46% YoY Revenue) in Finland and during 2019 made the leap into the Swedish market, as well as opened their warehouse in Venlo, The Netherlands.

OGOship team has extensive experience from serving online retailers and they have found a business model that benefits all stakeholders: warehouse owners, online retailers, and most importantly, the end customers who want their deliveries quickly and with minimum CO2 impact. 

> The need for OGOship’s solution is currently more pressing than ever: many traditional retailers are forced to move to online and existing online retailers have to scale up their operations quickly.

Paavo Räisänen 
Investment Director at Maki.vc

Ogoship quote picture 

Making: 3rd party logistic service for online retail
Round size: €1.5M
Invested in: 2020

Revonte upper image 

## Building a revolutionary e-bike platform 

The electronic bike market is growing rapidly, but to make it even more competitive the riding experience must be enhanced and simplified. Revonte's techonology gives manufacturers more flexibility, provides better after-sale services, and improves the user experience.

Their e-bike drive system comes with integrated automatic transmission, built-in connectivity, and full customization. The service also includes a mobile app and cloud services to provide a holistic user experience for e-bike riders.


> Just like in electric cars, software plays a major role in future e-bikes

Otto Chrons 
CEO at Revonte

Revonte middle picture 

## The e-bikes of tomorrow are adaptable and robust

The growth of the e-bike business has been around 20–30% annually and in the summer 2020 e-bikes were sold out all around Europe. Until now, e-bike manufacturers have had little to no chance to influence what kind of technology is used in their bike motors as industry giants make motors with fixed, unmodifiable configurations. Revonte brings to market a drive system with automatic transmission that can be modified for different price groups and uses such as city bikes, mountain bikes, and cargo bikes.

Revonte is taking its drive system to mass production in 2021 with a selected customers and production will then be ramped up for e-bikes arriving in stores.

> We give control back to the electric bike manufacturers with a fully customisable system

Antero Jalkanen 
Co-founder of Revonte 

Revonte quote image 

Making: Smart drive system for e-bicycles
Round size: €1.8M
Invested in: 2019

Revonte

Glue upper imgae 

## Building collaboration platform that uses immersive 3D graphics, virtual reality, and cloud computing 

Glue facilitates virtual face-to-face collaborations in custom environments. In the post-pandemic era, remote work has become a norm, and Glue's mission is to help people and teams around the world collaborate remotely in more human, productive, and sustainable ways. 

Glue takes advantage of recent advances in immersive 3D graphics, virtual reality, and cloud computing. The platform is accessible on a variety of hardware platforms: VR, AR, mobile, and desktop.


> The need for remote collaboration tools that truly emulate the experience of being face to face with others has never been greater

Jussi Havu
CEO at Glue Collaboration 

Middle image Glue 

## Helping individuals and teams around the world to collaborate in more human, productive and sustainable way

Glue's team is drawn to an important challenge: to enable people thousands of miles apart to collaborate effectively in virtual environments, just as they might in a real physical setting. In 2016, the team revealed the first multi-user VR prototypes. These proved an instant hit. 

Since then, their 30-strong team has continued to break new ground in multi-user VR software, developing Glue into the fully-featured virtual collaboration platform we are today.

Glue quote image 

> Glue’s virtual environments and spatial audio immerses users and creates agency and presence within the friendly, smooth, and soft designed space

Jae Grant Maloney
New Technology Consultant at KLM. 

Making: Virtual collaboration platform
Round size: €1.1M
Invested in: 2018

Glue

TOTEM Co-founders 

## Improving companies' employee experience by building Office Stores as a Service

TOTEM is a modern concept of office stores including quality snacking and customizable food & convenience services designed for companies who value human interactions, co-workers’ well-being and respect for the environment. TOTEM believes your company shouldn't have to be Google to be able to provide an amazing employee experience. Instead, this should be accessible for everyone at a lower cost and with convenient options.

TOTEM aims to be more than a “peanut delivery service”: it offers more than a 1000 products without a delivery fee. TOTEM wants to act as an everyday facilitator that promotes healthy food, environmental respect, human interactions and wellbeing at the workplace.

> We want our products to be cheaper than the nearest supermarket.

Rafael De Lavergne
Co-founder of TOTEM 

TOTEM image 

## They are called "the new twist in the food delivery space"

Launched in 2017, Paris-based TOTEM is now serving more than 10,000 users via a ‘B2B2C’ model, which in this case means it installs customisable office micro-stores for employees. The team wants to take on the traditional catering giants, local convenience stores and the big food delivery players.

For smaller offices where it doesn’t really make sense to install the stores, TOTEM offers a healthy/organic food delivery service through its mobile app.

> But this could be a lot more than a pimped-up vending machine. 

Sifted 

TOTEM Quote image  

Making: Office Stores as a Service
Round size: €3.5M
Invested in: 2020

TOTEM

Valpas upper image 

## Building a branded and IoT-based bed bug safety protocol

Valpas is the hygiene protocol that reassures travellers and keeps hotels clean from the most uncontrollable: bed bugs. Valpas ensures travellers stay and return home safe from these unwanted guests and solves the biggest unsolved hygiene problem in living spaces worldwide.

Described as “an answered prayer to travellers everywhere”, Valpas has become an industry standard. Valpas’ smart bed legs capture the first few bed bugs before infestations, and the hotel staff is notified of the captured bed bugs by email. The room cleanliness can be monitored with the Valpas web app 24/7.

> Before, hotels haven’t really had any choice in exposing themselves and their guests to bed bugs. Today, with Valpas, hotels have the choice to not be open for them

Martim Gois
CEO at Valpas

Valpas middle picture 

## Getting rid of bed bugs with bioengineered material and IoT

During the past years, one third of global travellers have in one way or another changed their behavior when it comes to booking and planning their trips because of bed bugs. And over time, the insects have developed an immunity to existing chemical extermination methods. 

Valpas produces specially bioengineered bed legs that look like they are made of military-grade carbon fiber, and which the bugs can easily use to climb up. At the top of the leg, they fall into a small trap equipped with a real time smart sensor, through which the hotel staff can monitor the rooms with traps that need emptying. The legs are simply screwed in, just like any other bed leg in your regular Ikea catalogue, and no special installation is required.

Valpas quote image 

> We founded North Europe’s first bed bug heat treatment system. So once we were developing the first company into an industry leader, we realized that the true opportunity is in prevention

Martim Gois
CEO at Valpas

Making: Bed bug safety protocol
Round size: €500K
Invested in: 2018

Valpas

Singa upper image

## Building the digital standard for karaoke content

Karaoke is the last analog bastion of the entertainment industry and Singa is the first one to give a damn about the market and bring it to the 21st century. With Singa you can stream karaoke anywhere, any device and at any time from mobile to desktops and smart devices.

Singa gives you access to over 80,000 songs from classics to new hits. Whether you want to sing by yourself, throw a karaoke party, or are looking for professional karaoke software for your business, Singa has your back.

> While most other entertainment media were moving towards streaming, karaoke was still stuck in the 90s

Atte Hujanen 
CEO at Singa 


## Updating an entire industry 

Singa was founded to do for karaoke what Netflix has done for movies and what Spotify has done for music - to update an entire industry. For consumers they provide the easiest way to sing karaoke anytime, anywhere and on any device. For commercial use we provide a truly modern karaoke solution unlike anything else on the market.

At their very core, they are a technology company, focused on providing the best possible singing experience. As a uniquely product-focused company, serving both consumer and professional customers, coupled with deep knowledge of the industry, they are uniquely positioned to become the brand in a global market representing a $15 billion opportunity.

> Singa is digitising and redefining an entire industry, striking at something that people already love to do - singing

Atte Hujanen 
CEO at Singa


Making: Digital karaoke revolution
Round size: €3M
Invested in: 2019

Singa

Upper image 

## Building the digital infrastructure for consumer rental businesses to start, manage, and grow their business

By empowering the suppliers of sustainable consumption with groundbreaking software, Rentle accelerates the growth of access-based business models globally.

The rental industry has long been underserved by modern technology providers. This is why, when you engage a rental provider you are often greeted with outdated user experience or battle-tested but old systems - or sometimes just paper and pen. Does this sound like something that will empower sustainable consumption and business models globally? Nope. That is why Rentle is here to fix it.


> Users have access to top-tier products without the stress of having to buy them, and when the items aren’t needed anymore, they simply return the item(s) and leave with something more suitable

Tuomo Laine
CEO at Rentle


## This is the all‑in‑one eCommerce rental software 

Consumers are vying sustainable consumption models, as non-ownership attitude is becoming increasingly popular. And the rental industry has long been underserved by providers of modern tech.

Rentle's aim is to empower everyone from rental businesses to equipment manufacturers to focus on what they do best - designing and creating experiences. Renting becomes more approachable, profitable and scalable with less friction, and more businesses can be built around the sustainable consumption model of renting.

> I kid you not, lots of existing rental systems are still being run locally on Windows Vista or XP

Tuomo Laine
CEO at Rentle

Quote image Rentle

Making: Digital infrastructure for consumer rental
Round size: €800K
Invested in: 2019

Rentle

Strise.ai introductiion 


## Making the world’s information useful across the enterprise

Strise is pioneering how companies will utilize data in their work processes. Strise takes the world's information and analyzes it with human accuracy. They filter out noise and see hidden connections at bigger scale, and let you leave data-silos and work processes limited by the software behind.

Strise welcomes an era of AI-powered organizations that empower people with new knowledge and business critical information. 

> It is not about replacing people but creating a new way of working where users and new data insights go hand in hand to solve critical problems.

Marit Rødevand
CEO at Strise.ai

## Personalized AI platform enables organizations across industries to accelerate business processes such as AML & credit risk

Do your due diligence, KYC, and AML processes on a single platform. Utilize event-triggered due diligence and perpetual monitoring of companies and make automated audit reports to save time and increase quality in compliance processes.

Strise.ai's core technology uses artificial intelligence and a unique data model that connects business-intelligence, network-data, and insights from 200k+ sources. This means unparalleled company profiling and access to the world's information shown in a user-friendly way. Each individual's experience is personalized through machine learning and based on the actions of users within the platform - this is to focus on what's most important as users move through their daily workflow.

Strise.ai quote image

> When we started Strise we understood that as a Big Data/AI-company we needed to be extremely fast. Speed and execution guided the design of our core values.

Marit Rødevand
CEO at Strise.ai 

Making: Personalized AI platform
Round size: €1.4M 
Invested in: 2020

Strise.ai 

Its released intro - image

## Building a subscription-based fashion rental service

It's Re:leased is a subscription-based rental service offering access to premium scandi-fashion. The team wants to replace a broken consumer behaviour with one that provides more value and variation to wardrobes without exhausting neither users or the planets resources. 

By renting the parts of your wardrobe you would otherwise discard within the year, It's Re:leasead increases the number of uses per garment and creates the shift needed both for the retail landscape as well as our planet.

> Technology and new digital-first services reshape the way we live, work and consume brands – and fashion is one of the industries that’s most ripe for change.

Pauliina Martikainen
Investment director at Maki.vc

It's re:leased image 

## When the company launched in 2019, a fashion subscription service was unheard of in the Nordics

There were mainly only big players such as Rent-The-Runway in the US. Since then, the European market has seen a drastic increase in subscription services and consumer demand. It’s Re:Leased has been determined to shift a consumer behaviour, by being data driven and having a clear product focus, which
is why Annie Thorell has built the platform from scratch.

The two founders are now getting ready to grow their business, and attracted some heavy names for their first round. In addition to Maki.vc, they are joined in the round by Haflo - a family fund run by Martin Hauge, former general partner at Swedish VC firm Creandum that’s behind consumer companies like music streaming service Spotify.

> If this industry is going to be able to continue growing and thriving, we need a
new way of consuming fashion. Subscribing to the variation you crave and quality you want is the best
way forward 

Johanna Norrman
Co-founder of It's Re:leased

Making: Subscription-based fashion rental service
Round size: €300K
Invested in: 2020

It's Re:leased

IQM hero pikkukuva

## Building commercial quantum computers for the wellbeing of humankind

IQM is the European leader in superconducting quantum computers. They deliver on-premises quantum computers for research laboratories and supercomputing centers, and adopt a unique application-specific co-design approach for industrial customers.

IQM's co-design strategy aims to deliver quantum advantage to its customers by using novel chip architecture, application-specific processors, and ultrafast quantum operations.

> Europe could lead the quantum computing revolution

Jan Goetz
Co-founder of IQM 

IQM image 2 

## Looking to deliver the first commercial machine in 2021 

Founded by a highly ambitious team of world-leading scientists who have built several quantum labs and research centers globally over the past two decades.

The team’s pioneering work started with breakthroughs in qubit reset, readout, and thermal management towards large-scale quantum processors. Since then, the work has progressed to unique hardware advantages and novel concepts around digital-analog quantum computing. 

Now they have the largest industrial hardware team of world-class quantum experts in Europe with over 640+ scientific publications and over 27000 citations.


> I always say that quantum computing is like electricity — you can imagine what advantages electricity has brought us, and electricity will always be in use

Mikko Möttönen
Co-founder of IQM 

Aivo

Making:

Precision pain care

Round size: €2M

Invested in: 2021

Altum Technologies

Making:

Fouling removal with power ultrasound

Invested in: 2018

Alvar Pet

Making:

Sustainable pet food home-delivered

Round size: €1M

Invested in: 2020

Calqulate

Making:

Finance understandable

Round size: €1.5M

Invested in: 2020

CarbonCloud

Making:

Climate footprint calculation platform

Round size: €600K

Invested in: 2020

Disior

Making:

Medical imaging intelligent

Round size: €1.7M

Invested in: 2018

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