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).

Participated · Equity · Apr 2026

Verda (formerly DataCrunch) builds vertically integrated AI cloud infrastructure that manages physical servers, data centres, and application-layer tools to provide on-demand, high-performance compute. Founded in 2020 and based in Helsinki, the company's Finnish data centres run on 100% renewable energy and leverage Nordic cooling and power advantages. Verda operates a dedicated AI Lab that works directly with customers to inform product decisions and is a NVIDIA Preferred Partner. The company reports being cash-flow positive and said its revenue run rate more than doubled to over $60 million in Q1 2026. It serves enterprise customers including Nokia, 1X, ExpressVPN, and Freepik. Verda plans to use new funding to accelerate product development, hire 100+ staff, and expand into the UK and US.

Participated · Series A · Apr 2026

Kelluu develops and operates autonomous hydrogen-powered airships that provide persistent intelligence, surveillance, and reconnaissance (ISR) as well as civilian sensing applications. Its unmanned fleet supports missions exceeding 12 hours and multiple sensing modalities, enabling real-time, high-resolution imagery. The company says five airships operating from a single base can cover up to 30,000 square kilometres, and it operates what it describes as the world’s largest autonomous airship fleet. Kelluu was founded as a dual-use company and targets defence and civilian markets including forestry monitoring, meteorology, smart-city sensing, and protection of critical infrastructure. The firm is advancing Kelluu AI Labs to develop geospatial foundation models for environmental and resilience applications. Following a €15 million Series A, Kelluu plans to optimise its technology, scale operations, and expand fleet deployments.

Participated · Series A · Feb 2026

Capalo AI, founded in 2022, develops an AI-powered platform that aggregates and orchestrates large-scale battery assets and renewable generation into a single virtual power plant. By combining high-quality forecasting data with proprietary AI models, the software continuously optimises battery operation and executes real-time trades across electricity markets. This approach helps mitigate grid volatility caused by increasing wind and solar penetration and rising power demand from data centres and electric vehicles. The company currently operates in Finland, Sweden, Latvia, and Lithuania, where it maximises the value of both stand-alone and co-located storage assets. Management plans to expand into additional European markets by 2026 while growing its customer base. With fresh Series A capital, Capalo AI will scale its optimisation and trading capabilities, aiming to accelerate the deployment of intelligently managed battery storage across Europe. No operating metrics such as revenue or installed capacity were disclosed in the article.

Participated · Seed · Feb 2026

Founded in 2017 as a spin-off from Tampere University of Technology’s Optoelectronics Research Centre, Vexlum develops and manufactures vertically-integrated semiconductor laser systems that deliver high power at precisely controlled wavelengths. Its Vertical-External-Cavity Surface-Emitting Laser (VECSEL) platform addresses the shortage of compact, cost-effective, high-power lasers required for trapped-ion quantum computers, optical atomic clocks, semiconductor metrology, and satellite free-space communications. The company controls the full value chain, growing III-V semiconductor wafers via molecular beam epitaxy, fabricating chips in-house, and integrating them into complete laser systems. Operations are based in Tampere, Finland, with an additional presence in Boulder, Colorado. The newly raised capital will fund an expanded fabrication facility in Tampere, moving production from boutique volumes to industrial scale. Management targets €100 million in annual revenue by 2030 as it broadens adoption beyond quantum laboratories into wider photonics and space markets.