Fundraising Fox
Espoo · Pre-Seed–Series A · 8 people tracked
Also known as Vendep
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Investment thesis
Vendep Capital invests in a small number of high-conviction, AI-native B2B software teams each year across the Nordics and Baltics. The firm deliberately backs fewer companies so it can stay closely involved, offering meaningful follow-on capital, firsthand founder and operator experience, and access to a community of founders. It seeks early-traction startups and emphasizes making introductions that lead to A-rounds, supporting portfolio companies through difficult decisions as they scale. Partners review every pitch themselves.
Source: firm website, verified Sep 27, 2026.
Team · 8 people
from the firm's website & public directories
What they invest in
from 42 of 47 portfolio companiesSaaS ×38AI & Machine Learning ×23Enterprise Software ×18Marketing Tech ×13Data & Infrastructure ×12Fintech ×6E-commerce ×4Future of Work ×4
HQs:Finland×14Denmark×3United States×3Canada×2Czechia×1Estonia×1
Who they back
founder profiles across 20 portfolio companiesFounding team size:solo founder×102 founders×63 founders×34+ founders×1
Where their founders studiedfrom 18 founders with education data
DTU - Technical University of Denmark ×2Helsinki School of Economics ×2The Wharton School ×2
What their founders studiedfrom 18 founders with field-of-study data
Business & Management ×5Computer Science ×5Engineering ×4Economics ×3Finance & Accounting ×3
Where their founders worked beforefrom 18 founders with career history
Emerging Travel Group ×2
Investments · 47 tracked
founders shown can be your intro pathBy year:2026 · 22025 · 22023 · 12022 · 22020 · 12019 · 12016 · 12015 · 111 dated
Agileday offers a platform that consolidates team data to give team leads unified visibility into capacity, staffing, allocations, and financials.
AI & Machine LearningEnterprise SoftwareFuture of WorkHR TechSaaSHelsinki, FI
Jaakko Hartikainen(Founder)inJaakko Hallavo(Founder)inJani Folland(International Sales & Partnerships)inHannu Karkkainen(Founder)Mikko Virtanen(Founder)
Co-investorsNewionSpecialist VC
Alfame is a Finnish technology consultancy providing data strategy, complex system integration, and custom digital service development, along with ongoing system maintenance and continuous improvement.
Data & InfrastructureEnterprise SoftwareSaaS
AlphaSense provides a financial research and market intelligence platform that combines standardized financials, consensus estimates, filings, earnings transcripts, broker research, and AI-generated answers for analyzing and benchmarking companies.
AI & Machine LearningData & InfrastructureEnterprise SoftwareFintechNew York, US
Rajmohan Neervannan(Related person at the time of the offering.)Raj Neervannan(Founder)inJaakko (Jack) Kokko(Founder)inJack Kokko(Founder)inKiva Kolstein(President & Chief Revenue Officer)inHeather Zynczak(Chief Marketing Officer)in
Co-investorsAlkeon InnovationBlue Owl CapitalBond Capital ManagementBrama One VenturesCapitalGCentana Growth Partners+11 more
AppFollow is a B2B SaaS reputation management platform that tracks and analyzes app store reviews and user feedback across major app stores, helping businesses respond to reviews and improve their products and marketing.
AI & Machine LearningData & InfrastructureGamingMarketing TechSaaS
Pavel Vlasov(Co-founder & CTO)inAnatoly Sharifulin(Co-founder & CEO)inEugene Kruglov(COO)in
Co-investorsNauta CapitalRTP Global
Aves Netsec is a cybersecurity company that develops security solutions aimed at improving the efficiency of security teams.
Cloud ComputingCybersecurityEnterprise SoftwareSaaS
Behavix is a behavioral data-as-a-service company supplying opt-in consumer clickstream data to research, finance and AI firms.
Co-investorsSuperhero Capital
Bookboost provides digital communication and guest-relationship software for the hospitality industry, helping hotels personalize the guest journey.
Marketing TechSaaSTravel & Hospitality
Co-investorsLU Innovation
Claimlane provides a workflow automation platform for post-purchase operations, enabling retailers and brands to centralize and automate warranty claims, returns, and product registrations.
AI & Machine LearningEnterprise SoftwareRetail TechSaaS
Co-investorsGiant Ventures Global Llp
Cluby is a customer loyalty and engagement platform for hospitality venues such as cafés, bars, fast-casual spots, full-service restaurants, and nightclubs.
ConsumerFoodTechMarketing TechSaaSHelsinki, FI
Complir provides software to manage product compliance workflows for product teams, replacing legacy systems and manual processes.
AI & Machine LearningEnterprise SoftwareLegalTechSaaSSan Francisco, US
Gustav Bang(CEO)inMarc Kaa Brejner(CTO)inTine Kühnel(CPO)in
Co-investorsF-LOG VenturesGeneral CatalystXPRESS VenturesY CombinatorBlast.ClubGHARAGE Ventures+9 more
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EzyInsights offers a real-time news gathering and analytics platform that monitors millions of stories daily across websites and social media, filtering relevant content by source, keyword, category, and language for newsrooms.
Data & InfrastructureMarketing TechMedia & EntertainmentSaaS
Duane Atkins(Founder)in
Co-investorsGorilla Capital
Founderment is a Nordic venture capital fund based in Aarhus, Denmark, focused on CommerceTech.
AI & Machine LearningE-commerceAarhus, DK
GBuilder provides a cloud-based platform for construction and property developers to manage property-specific documents, perform BIM-based quantity takeoffs for fit-out materials, and handle quality assurance and handover processes.
Construction TechPropTechSaaSOulu, FI
Harri Majala(Founder)in
Co-investorsButterfly VenturesKorpun Siemen OyButterfly
Giosg provides a unified SaaS platform combining customer engagement tools including live chat, chatbots, video, and feedback collection for enterprises to manage sales, marketing, support, and customer interactions.
AI & Machine LearningEnterprise SoftwareMarketing TechSaaSSales TechHelsinki, FI
Ville Rissanen(CEO)
Happeo is an intranet and enterprise search platform that integrates with Google Workspace and Microsoft 365, letting departments build no-code pages while IT retains security governance.
Enterprise SoftwareFuture of WorkSaaS
Co-investorsDN CapitalEndeit CapitalEvli Growth PartnersInkefSmartFinMaki.vc
Happy Signals enables enterprises to collect, visualize, and act on employee experience data by integrating it with IT operational metrics, helping organizations improve employee satisfaction and productivity.
AI & Machine LearningData & InfrastructureEnterprise SoftwareFuture of WorkHR TechSaaS
Co-investorsAlexander Geza Marcus PejacsevichLiquidity CapitalMars Growth CapitalNauta Capital
Hopsworks provides an AI Lakehouse platform that integrates data science, data engineering, and machine learning into a unified environment for building and deploying AI models.
AI & Machine LearningData & InfrastructureSaaSPalo Alto, US
Jim Dowling(Founder)Seif Haridi(Founder)
Co-investorsAI SeedFrontline VenturesIndustrifondenInventureInventure
Hostaway offers a property management system and channel manager for short-term rental property managers, letting them list and sync properties across booking platforms like Airbnb, Vrbo, Booking.com, and Google from one dashboard.
AI & Machine LearningPropTechSaaSTravel & Hospitality
Marcus Rader(Founder)Mikko Nurminen(Founder)Saber Kordestanchi(Founder)
Co-investorsGeneral AtlanticPSG Equity
Inven provides AI-powered workflows for investment and consulting firms to automatically generate company materials such as market maps, financial profiles, and competitive landscapes from structured data.
AI & Machine LearningData & InfrastructureEnterprise SoftwareFintechSaaS
Tommi Kupiainen(Founder)in
Co-investorsJoint EffectsLifeline VenturesProdeko VenturesWave VenturesVentech
Kolsquare offers an influencer marketing platform that lets brands and agencies search millions of creators by sector, audience demographics and credibility, then manage, run and measure influencer campaigns from a single tool.
Creator EconomyMarketing TechSaaS
Quentin Bordage(Founder)in
Co-investorsCAP HORN VC
Leadfeeder identifies the companies visiting a business's website and surfaces buying signals for B2B sales and marketing teams.
Marketing TechSaaSSales Tech
Kevin McIntyre(Chief Executive Officer (CEO))inPekka Koskinen(Founder)
Co-investorsSuperhero CapitalEndeit Capital
Mazepay offers an AI-powered platform for onboarding, compliance, and payments of long-tail suppliers, automating supplier data management and integrating results into a company's ERP systems.
Enterprise SoftwareFintechSaaSÅrhus, DK
Thomas Dragsbæk(Founder)inDan Kortegaard Nielsen(Founder)in
Co-investorsOutward VCSalica InvestmentsScale Capital
MyTelescope offers an AI-driven marketing platform that measures brand interest, forecasts market and product demand, and improves content and AI search visibility by analysing what people search for and ask about across channels like Google, TikTok, YouTube, Amazon and Perplexity.
AI & Machine LearningMarketing TechSaaS
Co-investorsTrind Ventures
PatentRenewal.com offers an IP Dashboard that automates intellectual property renewals for patents, trademarks, utility models, and designs, with data verification, cost transparency, portfolio tracking, and budgeting tools.
FintechLegalTechSaaS
Co-investorsGorilla Capital
Savantiq builds an AI tool for investment and deal teams that connects to their data sources to automate finance workflows such as screening targets and drafting IC memos.
AI & Machine LearningFintechSaaS
Heini Salonen(Founder)in
Co-investorsCrowberry Capital
Smartly provides a data analytics and optimization platform for performance marketing teams managing multi-channel advertising campaigns.
AdTechAI & Machine LearningData & InfrastructureMarketing TechSaaSHelsinki, FI
Kristo Ovaska(Founder)inJohn Quinn(Co-President and Treasurer of Issuer)Raphael Crawford-Marks(Executive Officer, Director)Tuomo Riekko(Founder)
BoardAmish Jani(Director)in
Co-investorsConsenSys MeshHighland EuropeLifeline VenturesQuest Venture PartnersFirstMark Capital
Sportlogiq develops sports analytics software using computer vision and machine learning for professional sports teams.
AI & Machine LearningSports TechMontreal, CA
Craig Buntin(Founder)inMehrsan Javan(Founder)in
Co-investorsMaple Leaf AngelsRho VenturesTacticoTandemLaunch
Surveypal offers a customer experience and feedback management platform that analyzes customer feedback to identify root causes of issues and recommend actions.
AI & Machine LearningEnterprise SoftwareMarketing TechSaaSTampere, FI
Liisa Stén(CEO)in
Co-investors500 Global
Syncle distributes product content from brands to online retailers, solving gaps between disconnected systems to create more informed shopping experiences.
E-commerceMarketing TechRetail TechSaaSToronto, CA
Sergey AndryukhinNora Huovila(CEO)
Co-investorsAmpli Ventures
Test of Things is a cybersecurity compliance platform for connected/IoT product teams that translates regulatory standards into plain-language engineering tasks, automatically tests devices, and collects evidence for compliance documentation.
CybersecurityIoTSaaSOulu, FI
Rauli Kaksonen(CTO)inMarko Kaasila(CEO)in
Trustmary provides a review and feedback platform that helps businesses collect and showcase authentic customer experiences while giving customers access to genuine feedback about businesses.
AI & Machine LearningEnterprise SoftwareMarketing TechSaaSFinland, FI
Johannes Karjula(Founder and CEO)Valtteri Ylimäki
Unikie is a global software engineering and innovation company focused on physical AI, building embedded software that adds real-time intelligence and autonomous capabilities to vehicles, devices, networks, defense systems, and industrial solutions.
AI & Machine LearningDeep TechIoT
Co-investorsTesi (Finnish Industry Investment Ltd)
Uploadcare provides a file handling product and service, including upload, CDN delivery, and image processing accessed through its API.
Cloud ComputingData & InfrastructureDeveloper ToolsSaaS
Co-investorsRuna Capital
Utopia Analytics builds AI-powered text analytics and machine learning tools that automatically analyze user-generated content, helping customers improve the quality of their social content, engagement, and conversion.
AI & Machine LearningData & InfrastructureEnterprise SoftwareSaaSSocial
Tom Packalen(Founder)in
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VividWorks develops a 3D product configuration and visualization platform that enables businesses to let customers customize and visualize products in real-time before purchase.
Advanced ManufacturingE-commerceEnterprise SoftwarePropTechRetail TechSaaSOulu, FI
Henrikki Saraspää(CTO, Co-Founder)Miska Visuri(Board Member, Co-Founder)inJarkko Leppälahti(Chief Executive Officer)in
Co-investorsInnovestor Ventures
Volaris Group is a buy-and-hold acquirer of vertical market software businesses, providing acquired companies a permanent home along with operational autonomy and a peer learning community.
Enterprise SoftwareSaaS
Mark Leonard(Founder of Constellation Software)Mark Miller(CEO)in
Xolo provides business setup, invoicing, accounting, taxation, and compliance software for solo entrepreneurs and freelancers across multiple countries.
Enterprise SoftwareFintechFuture of WorkLegalTechSaaSTartu, EE
Allan Martinson(CEO)in
Co-investorsKarma VenturesMetaplanetSpecialist VCThorgate VenturesAlmaz Capital
Zoined offers an analytics and reporting platform that connects to point-of-sale, e-commerce, ERP, visitor counter, and workforce management systems to consolidate business data into dashboards and reports.
AI & Machine LearningData & InfrastructureRetail TechSaaSHelsinki, FI
Sasa Moilanen(Co-founder & CEO)in
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
ActvcontentGithitsMePINWoomio
Portfolio news
latest coverage across their companies
Unikie · manilatimes.net · Sep 24, 2026
Complir · tech.eu · Sep 16, 2026
AlphaSense · finance.yahoo.com · Jun 3, 2026
Inven · eu-startups.com · May 28, 2025
Frequently asked questions
- How many investments has Vendep Capital made?
- Vendep Capital has 47 tracked investments, 1 of which have exited, including 4 dated in the last 24 months.
- What stage does Vendep Capital invest at?
- Vendep Capital invests at the Pre-Seed, Seed, Series A stages.
- What is Vendep Capital's typical check size?
- Vendep Capital typically writes checks of $105K – $3.1M.
- What sectors does Vendep Capital focus on?
- Vendep Capital focuses on AI & Machine Learning, Cybersecurity, Enterprise Software, SaaS.
- Where is Vendep Capital located?
- Vendep Capital is headquartered in Espoo, FI.
- Does Vendep Capital lead rounds?
- Yes, Vendep Capital leads investment rounds.
- Who does Vendep Capital co-invest with?
- Vendep Capital most often shares deals with Lifeline Ventures, Nauta Capital, Specialist VC, among 59 tracked co-investors.
Media · Podcasts & interviews
featuring the team5 orgaanista tapaa rakentaa 100 M€ B2B-business. Vieraana Sakari Pihlava, Vendep Capital
Menestystä Etsimässä Antti Pietilän kanssa · Sakari Pihlava
Leadership Team Evolution from Seed to Scale with Kasper Hulthin
SaaS Insights by Vendep Capital
Key factors behind RELEX's success by Johanna Småros
SaaS Insights by Vendep Capital
Scaling a global sales organization from 0 to 150m€+ ARR by Lars Nordwall
SaaS Insights by Vendep Capital
Fundraising through the storm: Roibox exit story
SaaS Insights by Vendep Capital
How to extend your runway without killing growth
SaaS Insights by Vendep Capital
Images
Co-investors · 12
Lifeline Ventures is a sector-agnostic early-stage investor that partners with founders from the very beginning and supports them as they grow. Its team brings global experience building and scaling companies as founders and in executive roles.
Plug and Play is an innovation platform that connects corporations, governments, startups, investors, and universities, running accelerator programs and venture investing across more than 25 vertical industries.
F-Prime Capital is an early-stage-focused investment firm backing companies across life sciences, technology, healthtech and services, and crypto.
Creandum is a venture capital firm that invests in technology companies, backing them at early stages before their potential becomes widely obvious.
Northzone is a technology-focused venture capital firm investing across AI and deep tech on both sides of the Atlantic, backing companies from early stage through growth.
Heartcore Capital is an early-stage venture capital firm backing European founders from inception. It invests in startups from inception through Series A, and also invests in web3 protocols from idea to liquid tokens.
Dawn Capital is a European venture capital firm backing companies with global ambitions.
ForgePoint Capital is a thesis-driven venture firm investing in early-stage companies in cybersecurity, AI, and infrastructure software.
Cambridge Innovation Capital (CIC) is a UK-based venture capital firm backing entrepreneurs in life sciences and deep tech, leveraging its position in the Cambridge science and technology ecosystem.
BGF is a UK and Ireland investor providing minority, patient growth capital and support to entrepreneurial small and medium-sized businesses, from early-stage deep tech and life sciences startups to established scaling companies.
TotalEnergies On is the corporate startup accelerator of TotalEnergies, launched in June 2022 and focused on the electricity value chain. It selects startups working on renewable power generation, energy storage, decentralized management, trading, retail sales, and electric mobility.
NightDragon invests in and advises mission-driven companies in the SecureTech industry, spanning cybersecurity, defense, AI, quantum, and national security.
Firms observed investing alongside Vendep Capital, from public investor directories. Shared companies are the overlap with Vendep Capital's recorded portfolio.
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