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

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and treatment decisions based on accurate, consistent, and comparable data – something that traditional and soon-to-be outdated methods can never match.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

## Bringing a paradigm shift to heart health 

Cardiac diseases and related premature deaths are the top burden in health care globally – 49 million people suffer from heart diseases in Europe alone. CardioSignal, a smartphone app approved as a medical device, helps detect atrial fibrillation, making monitoring heart health more accessible to people.

CardioSignal is a brand and a product by Precordior, a Finnish health technology company.The solution measures micro-motions of the chest using the accelerometer and gyroscope which can already be found from most smartphones. The non-invasive, cloud-based automated analysis of motion data provides a new way for general practitioners (GPs) to accurately assess heart-atrial fibrillation (AFib). The company aims to expand the capabilities to other heart diseases in the future.


> What makes our position unique is our capability to harness the everyday device, smartphone, to detect severe heart diseases accurately. 

Juuso Blomster 
Cardiologist & CEO of CardioSignal.

Middle image 

## CardioSignal is created by cardiologists for better heart health

Detecting serious heart issues early can save a life. CardioSignal’s technology is patented and clinically tested to detect atrial fibrillation with 96% accuracy. CardioSignal is an academic spinoff that is based on a decade of research and algorithm development. The company focuses on scientific research and collaborates with several universities and hospitals on clinical studies and trials for other heart disease applications.

> Detecting serious heart issues early can save lives. The CardioSignal solution and the company’s focus on scientific research and collaborations with several universities have impressed us. They are well positioned to fundamentally change the way heart diseases are being diagnosed. 

Ilkka Kivimäki
Founding partner at Maki.vc.

Making: a paradigm shift to heart health 
Round size: €2.2M
Invested in: 2021

CardioSignal

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

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

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

Seed companies 1/2

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

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

Quote image

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

Collo

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

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

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

Pixieray team picture

## Introducing a pioneering optical solution to adaptive eyeglasses

Pixieray introduces a pioneering optical solution to eyeglasses, giving perfect vision to the wearer in all use contexts. A traditional eyeglass lens is a mechanical and optical compromise, with fixed focal points. Pixieray’s adaptive solution delivers unmatched optical performance by constantly adjusting the focal point and applying the ideal correction. This reduces eye strain and substantially increases user comfort.


> Pixieray lenses truly enable the full potential of an individual's corrected vision

Rebecca Xu
COO of Pixieray

Middle image Pixieray 

## Giving anyone the perfect vision

"You can think of it as a pair of prescription eyeglasses where the lenses can zoom in or out, much like the camera on your iPhone, so that your vision is good no matter what you’re looking at. It’s like eyeglasses with autofocus," [writes](https://venturebeat.com/2021/06/10/pixieray-raises-4-4m-for-glasses-that-adapt-to-what-youre-looking-at-on-the-fly/) VentureBeat. 

Pixieray modernizes traditional eyeglass optics by introducing a pioneering adaptive solution giving anyone perfect vision.  Founded by veterans in Augmented Reality technology, the team has now raised there seed round and works on their first product that will enable people with a farsighted eyeglass prescription to read and work with optimal vision, removing cumbersome multifocals and the need to switch eyeglasses. 

Quote image 

>  We believe that Pixieray can make a meaningful difference for the millions of people around the world who rely on their eyeglasses for everyday life.

Niko Eiden
CEO of Pixieray

Making: Adaptive eyeglasses
Round size: €3.6M
Invested in: 2021

Pixieray

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 

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

Zevoy second image

## One seamless solution for expense management

Companies spend a vast amount of time and money on financial services. With Zevoy, they can simplify their expense management and focus on the business. Zevoy’s technology offers a smarter and faster all-in-one software. It combines Zevoy’s business card with a receipt scanning app and administration portal, and automates all company expenses in real-time - increasing employee satisfaction along the way.
This team is now paving the way for Nordic fintech, and by the end of 2021, Zevoy will expand its operations to multiple European markets and become the leading expense management solution provider over time.

> We want entrepreneurs to spend time on their business and our goal is to make expense management less of a hurdle.

Christoffer Rosqvist
Founder & CEO of Zevoy

## It’s time to simplify company spending

Zevoy’s expense management solution was built during the pandemic in less than 12 months from founding date. From the beginning their mission was clear - to do what other expense management companies have done but more efficiently. Maintaining the momentum, Zevoy also obtained approvals by the Finnish Financial Supervisory Authority (FIN-FSA), Visa Principal Membership and launched an all-in-one Visa business card running on Zevoy ecosystem.

Zevoy quote image

> We're challenging the European market, which has huge potential

Ron Lindqvist
Co-founder of Zevoy 

Making: seamless expense management
Round size: €3.8M
Invested in 2021

Aivo

Making:

Precision pain care

Round size: €2M

Invested in: 2021

Disior

Making:

Medical imaging intelligent

Round size: €1.7M

Invested in: 2018

CardioSignal

Making:

a paradigm shift to heart health

Round size: €2.2M

Invested in: 2021

Rentle

Making:

Digital infrastructure for consumer rental

Round size: €800K

Invested in: 2019

Revonte

Making:

Smart drive system for e-bicycles

Round size: €1.8M

Invested in: 2019

Valpas

Making:

Bed bug safety protocol

Round size: €500K

Invested in: 2018

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