Led · Equity · Aug 2025

Girteka is a European road-transport company operating the largest private truck fleet in Europe. The group currently has over 6,000 trucks and 7,000 trailers and transported more than 600,000 FTL loads last year. Girteka is focused on modernizing its fleet to increase operational efficiency and reduce emissions by acquiring newer trucks equipped with advanced driver assistance systems and higher emission standards. The company plans a major rolling-stock purchase of up to 4,000 trucks and trailers per year in 2025–2026, totaling as many as 8,000 units. These purchases are positioned as both an operational response to growing market demand and a strategic foundation for competitive advantage and sustainability ahead of a next growth phase in 2026.

Led · Equity · Jan 2024

Cactos develops smart energy storage systems using lithium iron phosphate batteries and upcycled Tesla batteries to provide backup power, local energy optimisation, and resilience. The company’s units are leased to clients to hedge against price volatility, level out demand peaks, and optimise on-site electricity production where applicable. All units owned by Cactos Fleet Finland LP are aggregated through the proprietary Cactos Spine software to create a large virtual battery that supports transmission system stability and balances generation and consumption. Cactos intends to use the funds to invest in smart energy storage units during an approximately 2.5-year investment period, with an expected operational period of about ten years. The fleet model generates revenue opportunities for both the company and its clients by enabling participation in demand response and grid services. The company was founded in 2021 and is led by founder and CEO Oskari Jaakkola. Cactos builds distributed energy storage systems using re-used Tesla EV battery modules converted into 100kWh units and operates a cloud-based control and optimisation service called Cactos Spine. The company provides an end-of-life solution for EV batteries while offering grid stability, peak shaving and optimisation to capture lower electricity prices. Today the company has operational units across Finland and has partnerships with large organisations including Oomi (an electricity retailer with over 400,000 customers) and Helsinki City Housing Company (Heka) with over 50,000 apartments. Less than a year after incorporation, Cactos’s current production is operating at maximum capacity; the company plans to more than double its factory size in early 2023 to enable nearly a tenfold increase in unit production. The business disassembles, inspects and tests EV battery modules at its factory in Muhos, Finland and converts them into its energy storage units. CEO Oskari Jaakkola leads the company as it pursues expanded production and international projects.

Participated · Equity · Jan 2020

Verto Analytics is a media measurement and behavioral analytics company that provides a platform giving brands and companies a holistic view of consumers' behavior, demographics, lifestyles, attitudes, and interests. The company owns and operates single-source, passively metered panels in multiple countries that measure behavioral changes across all media second-by-second, and it layers triggered surveys on top of the panels. Brands, publishers and researchers use Verto’s services to benchmark against competitors and the market, fill gaps in the consumer journey, and identify ways to increase engagement and loyalty. The company is led by founder Dr. Hannu Verkasalo and Pat Brennan, president of U.S. operations, and is based in Helsinki and New York City. In January 2020 Verto raised $16m in its third funding round. It plans to use the funds to accelerate the commercial rollout of new syndicated and custom solutions and to make strategic improvements to customer service. Verto provides a media measurement platform built on a single-source, passively metered panel that measures behavioral changes second-by-second across all media, giving a holistic view of consumers. The platform links behavior with demographics, lifestyles, attitudes and interests and is used by brands, publishers and researchers. Verto has clients including Microsoft, Intel, Google, Netflix, CNN and Kargo and has extended its methodology into syndicated research services. The company has three granted patents and 13 additional patents under consideration in European and U.S. patent offices. It maintains commercial hubs in San Francisco, Seattle, Cincinnati and New York City and plans to invest in its Helsinki-based Verto Data Lab as a center of excellence. The company said it will use new funding to accelerate growth in the media measurement market and to boost customer success and commercial account management. Verto Analytics provides single-source audience measurement solutions that monitor consumer behavior across every device, app and platform to inform marketing, competitive intelligence, media buying and product strategy. Its services include Verto Content Watch, Verto Device Watch and Verto App Watch, each focused on cross-device digital media properties and publishers, digital devices and platforms, and mobile apps. Launched in 2013 and led by CEO Dr. Hannu Verkasalo, the company is NYC-based with offices in San Francisco, London and Espoo, Finland. Customers named in the article include Microsoft, EA, Cisco, Yahoo and YuMe. The company raised $16.1m in a Series B and has $23.9m in total funding to date; it plans to use the new capital to scale services globally and expand operations across digital media, mobile app and gaming, adtech and Internet sectors. Board changes accompanying the round include Ben Feder joining as Chairman and Henrik Landgren of EQT Ventures joining the board. Verto Analytics is a New York–based digital media measurement company that combines cross-platform digital media measurement and audience research for multi-platform devices in real time. Its offering targets measurement across desktop PCs, mobile, tablets, smart TVs and is positioned to address demand for wearables measurement as that market grows. The company competes with firms such as Effective Measure and SocialBro. Financially, Verto disclosed a $5.4M Series A in April from Conor Venture Partners and has now secured additional capital. The most recent financing consists of a $2.4M follow-on investment led by Open Ocean Capital with participation from Conor Venture Partners and angel investors. No debt or other instrument details were disclosed in the articles. The disclosed funding this year totals $7.8M when combining the April Series A and this follow-on round.

Participated · Seed · Nov 2019

Glue Collaboration provides a cloud-based virtual collaboration platform that brings participants together in a three-dimensional virtual space optimized for collaborative work. The platform facilitates virtual meetings between people around the world. Founded in 2017 by Santtu Parikka (CDO) and Juha Ruistola (CTO) and led by CEO Jussi Havu, the company is based in Helsinki, Finland. It has a 30-strong team of software engineers, designers and business developers. In November 2019 Glue completed a €3.5m seed financing to fund continued expansion of operations and its business reach. Investors and supporters include Maki.vc, Reaktor Innovations, Bragiel Brothers, Foobar Technologies, Business Finland and OP Bank.

Participated · Series A · Apr 2017

Token provides open banking payments infrastructure and APIs that let clients plug-and-play, white-label or build their own account-to-account payment propositions. Its core product supports the transition from card payments to A2A bank payments and extends functionality beyond regulatory requirements. Token reports it handles tens of millions of open payments yearly for more than 80 payment service providers, gateways, banks and large merchants. Clients using Token.io’s infrastructure include BNP Paribas, HSBC, Mastercard, Nuvei, Paysafe, Ecommpay and others. The company plans to use the $40M Series C proceeds to expand open banking connectivity across Europe and to launch APIs for Variable Recurring Payments and open finance apps. Token operates offices in London, Berlin and San Francisco. Token provides an open banking payments platform that aims to drive the shift from traditional payments to account-to-account payments by offering a fast, simple path to adoption for large merchants, PSPs and banking-as-a-service platforms. Its Token Pay product gives secure, unified access to banks across Europe to initiate real-time account-to-account payments straight from apps and websites, with connectivity to over 3,000 banks. The company was founded in 2016 and is led by CEO Todd Clyde. Token was one of the first UK firms authorized by the Financial Conduct Authority as a payment initiation and account information service provider and is building out a stack of open payment and data services powering corporate and consumer use-cases. Inaugural open payment use-cases include account funding, paying off credit cards and utility bills; complementary open data use-cases include accounting integration, credit risk analysis and cash flow management. Customers include BNP Paribas, HSBC, Contis, OpenPayd, UpCo and Money Dashboard, and Token has offices in London, San Francisco and Berlin. The company says it will use the new funding to continue expanding its business reach and product development efforts. Token provides TokenOS, an open banking platform that enables a global ecosystem of banks, their customers and developers to initiate payments and move money and information securely and instantly. The company was founded in 2015 by Steve Kirsch and is based in San Francisco, CA and London, UK. Token reports more than 4,000 banks connected to its platform and lists customers including Tandem Bank, Think Money Group, An Post, Sberbank Croatia and Slovenia, and Khaleeji Commercial Bank. It was recently selected by Mastercard as one of its partners to support the connectivity layer of Mastercard's open banking hub. Token says it will use new funding to expand adoption of its open banking platform and to accelerate new ways of innovating payments with digital money and ID solutions. The company raised $16.5M in funding to support these plans. Token, Inc. is an open banking platform founded in 2015 by Steve Kirsch and Yobie Benjamin, headquartered in San Francisco with a European office in London. The company provides banks a PSD2 compliance solution that enables account access to third-party providers while creating opportunities to generate new revenue. Token also offers programmable money capabilities for banks to build high-value use cases such as e-commerce checkout, B2B payments, and bill pay. The company appointed Todd Clyde as COO and has strategic partnerships with Fidor Bank and OP Bank. In April 2017 Token raised $15.7m in a Series A funding round. Investors in the round included Octopus Ventures, EQT Ventures, OP Financial Group, Plug and Play Ventures and Digital Currency Group.