Fundraising Fox

SpinDrive

Founded 2015 · 31 employees on LinkedIn · 5 known investors

SpinDrive designs, supplies and supports active magnetic bearing (AMB) systems and controller platforms for industrial OEMs whose high-speed machinery depends on bearing performance and lifecycle cost. It offers complete AMB systems, controllers (Magma X100 and X800), and services including feasibility studies, system design, retrofits, condition monitoring and lifecycle support.

Advanced ManufacturingDeep TechHardware

Investors · 5

Butterfly VenturesOulu · $300K
Rhapsody Venture PartnersCambridge · $500K – $2M
SDGx
Innovestorreported · 2 sourcesFinland

Also in the syndicate · 1

Born2Grow

Funding

SEC filings, press & company announcements

Source: company announcements and press reports — follow each round's link for the claim.

In the news

Finnish SpinDrive raises growth funding to expand magnetic bearing technology - ArcticStartuparcticstartup.com · Oct 2025SpinDrive raises growth funding to scale magnetic levitation bearing technology for more efficient, cleaner industrial machinery - SpinDrivespindrive.fi · Oct 2025SpinDrive Raises Growth Fundingfinsmes.com · Oct 2025Finnish startup SpinDrive raises €3.8M Series A for affordable, energy-efficient industrial bearings - Tech.eutech.eu · Nov 2023Finnish cleantech company SpinDrive raises €3.8M to cut industrial energy waste and pollution with magnetic levitation bearings - SpinDrivespindrive.fi · Nov 2023SpinDrive raises new funding to expand in the US and launch Magma X100en.ain.ua · Jan 2014

Frequently asked questions

What does SpinDrive do?
SpinDrive designs, supplies and supports active magnetic bearing (AMB) systems and controller platforms for industrial OEMs whose high-speed machinery depends on bearing performance and lifecycle cost. It offers complete AMB systems, controllers (Magma X100 and X800), and services including feasibility studies, system design, retrofits, condition monitoring and lifecycle support.
Who are SpinDrive's investors?
SpinDrive's investors include Butterfly Ventures, Rhapsody Venture Partners, SDGx, Innovestor.