Participated · Series F · Jun 2026

ICEYE owns and operates a large synthetic aperture radar (SAR) satellite constellation designed to deliver persistent monitoring and change detection anywhere on Earth. Its customers include organisations in defence and intelligence, environmental monitoring, insurance, and emergency management. The company says its capabilities enable fast decision-making and contribute to safety and sovereign intelligence needs. Founded and headquartered in Finland, ICEYE operates globally with over 1,000 employees across multiple countries, including Poland, Spain, the UK, Australia, Japan, the UAE, Greece, and the US. Financially, ICEYE reported scaling revenue, profitability, and cash generation in 2025 and has secured a €300 million 3-year committed revolving credit facility to support growth and provide liquidity; the article also states the company has previously raised over $760 (amount as reported).

Led · Series A · Mar 2026

Oran Development Company builds AI-Native Radio Access Network (AI‑RAN) technology and is the architect of the Odyssey RAN software platform. By integrating AI sensing and inference into the RAN, the company aims to enable telecommunications providers to generate new revenue streams and deliver mission‑critical capabilities across industrial, commercial and public sectors. The company is headquartered in New York City. It recently raised $45M in Series A financing from a group of strategic backers. Previous investors include Phoenix Venture Partners and Cerberus Capital Management, L.P. The company plans to use the proceeds to expand operations and continue development of its platform.

Participated · Series C · Mar 2026

Nscale builds and operates vertically integrated AI data centers, controlling everything from renewable energy sourcing and facility construction to the compute stack and orchestration layer. Backed by Nvidia, the company is developing ‘Stargate Norway,’ an installation targeting 100,000 Nvidia GPUs by the end of 2026 with OpenAI as an initial customer. In October it also partnered with Microsoft and Dell to deploy roughly 200,000 Nvidia GPUs across four data centers in Europe and the U.S. The firm positions itself as a low-cost, green alternative for AI compute, pledging to reuse waste heat and invest in local skills and infrastructure. Its latest funding round values the company at $14.6 billion, placing it among Europe’s few AI decacorns. Nscale plans to use the new capital to accelerate build-outs in Europe, North America and Asia while expanding its engineering and operations teams. The company has hinted at a possible IPO as early as this year to further bolster its capital base. High-profile board appointments—including Sheryl Sandberg, Susan Decker and Nick Clegg—underscore its growing prominence.

Led · Equity · Nov 2025

NestAI is a Finnish startup focused on applying large language models and related AI technologies to real-world robotics and defense use cases, a field it calls “physical AI.” The company is developing software and hardware that enable autonomous capabilities in unmanned vehicles, battlefield command systems, and other mission-critical environments. A newly announced partnership with Nokia will accelerate the co-development of these defense applications while NestAI builds what it calls “Europe’s leading physical AI lab.” Co-founder Peter Sarlin, fresh off the $665 million sale of his previous company Silo AI to AMD, is funding the venture through his family office PostScriptum and will serve as chairman while retaining his role at AMD. NestAI has deliberately stayed in stealth to prioritize European technological sovereignty, recently agreeing to help the Finnish Defense Forces adopt AI. Although the startup does not yet have a CEO, it has hired engineers and researchers with backgrounds at Intel, Kongsberg, Palantir, and Saab. No revenue or user figures have been disclosed.

Participated · Series A · Aug 2020

HMD Global designs and sells Nokia-branded Android smartphones that feature premium ZEISS imaging, market-leading reliability, and security promises including three-year monthly security updates and two-year Android upgrades under Android One. Since beginning operations in 2016 the company is active in 91 markets across eight regions, sells through 250,000 retail outlets, and has sold over 240 million phones. HMD has broadened its software and services footprint, launching the HMD Connect international data roaming service, enhancing mobile cybersecurity through the acquisition of Valona Labs assets, and opening an R&D Centre of Excellence in Tampere, Finland. The company says it is accelerating a shift to digital-first offerings in a post-COVID reality and strengthening partnerships with US carriers to make 5G smartphones more accessible. HMD plans to expand its presence in key growth markets including Brazil, Africa, and India and to evolve beyond hardware toward a more holistic mobile service provider. The recent strategic investment is intended to fuel these priorities and deepen collaboration with major industry partners. HMD Global is a Finnish company founded by former Nokia executives that builds Nokia‑branded Android smartphones. The company has been in operation for about a year‑and‑a‑half and has positioned itself especially in developing markets, adopting Google’s Android One program. Its product slate recently expanded at MWC where HMD announced five new phones, including a reboot of the 8110. HMD says it raised $100 million in a new financing that values the company at more than $1 billion. The company plans to use the capital to push more aggressively into the mobile category, doubling down on channel expansion in strategic markets while continuing to deliver product innovation. The article notes a potential headwind as the broader smartphone market begins to plateau, which could complicate HMD’s growth strategy.