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Vendep Capital is a venture capital firm founded in 2013 and based in Espoo, Finland. The firm specializes in early-stage investments in B2B SaaS companies, particularly those leveraging artificial intelligence. Vendep Capital has established itself as a key player in the Nordic and Baltic regions, focusing on companies that are poised for growth in the rapidly evolving tech landscape.
As of now, Vendep Capital manages a fund size of €80 million and has invested in approximately 50 companies. The firm emphasizes a hands-on approach, providing founders with the necessary resources and guidance to navigate the complexities of funding, hiring, and scaling their businesses. This commitment to active involvement distinguishes Vendep Capital from many other venture firms.
Vendep Capital's notable milestones include the successful backing of several high-potential startups and a strong reputation as a dedicated partner for SaaS companies in the Nordics and Baltics. The firm is strategically positioned to capitalize on the growing demand for AI-driven solutions in the B2B sector.
Vendep Capital focuses on early-stage investments in B2B SaaS companies, particularly those that are AI-native. The firm typically invests between €100,000 and €3 million, with a strong emphasis on providing hands-on support to founders. Their investment strategy includes a commitment to follow-on funding, ensuring that portfolio companies have the necessary resources at each stage of their growth.
The firm targets various stages of development, including pre-seed, seed, seed-plus, series A, and series A-plus. This broad stage range allows Vendep Capital to engage with startups at different points in their lifecycle, providing tailored support based on their specific needs. The geographic focus on the Nordic and Baltic regions further enhances their ability to identify and nurture local talent and innovation.
Vendep Capital looks for founders who demonstrate a strong vision and the ability to execute their ideas effectively. The firm values a collaborative approach, working closely with entrepreneurs to help them overcome challenges related to funding, hiring, and scaling their businesses.
Vendep Capital's portfolio includes a diverse range of companies that exemplify its focus on B2B SaaS and AI-driven solutions. Notable portfolio companies include:
These companies reflect Vendep Capital's commitment to supporting innovative solutions in the B2B space. The firm has a total of approximately 50 companies in its portfolio, showcasing its active engagement in the early-stage investment landscape.
Timo Felin: Partner at Vendep Capital, Timo has extensive experience in venture capital and has been involved in numerous successful investments in the SaaS sector. He holds a degree in business administration.
Jupe Arala: Partner at Vendep Capital, Jupe specializes in early-stage investments and has a strong background in technology startups. He has led several notable deals in the B2B space.
Sami Ahvenniemi: Partner at Vendep Capital, Sami brings expertise in scaling technology companies and has a proven track record in the venture capital industry.
Sakari Pihlava: Partner at Vendep Capital, Sakari focuses on identifying high-potential startups and has a strong network in the Nordic tech ecosystem.
Artis Bisers: Investment Manager at Vendep Capital, Artis is responsible for sourcing and evaluating new investment opportunities.
Samuli Aheristo: Investment Associate at Vendep Capital, Samuli supports the investment team in due diligence and portfolio management.
Taru Wahlroos: Head of Platform & Marketing at Vendep Capital, Taru oversees the firm's marketing efforts and supports portfolio companies in their growth strategies.
Tanja Alanen: CFO at Vendep Capital, Tanja manages the firm's financial operations and investor relations.
To pitch to Vendep Capital, founders should send an email to hello@vendep.com. It is important to include a comprehensive pitch deck that outlines the business model, market opportunity, and team background. The firm prefers detailed information about the startup's growth strategy and how it plans to leverage AI in its operations.
Response times can vary, but founders can generally expect to hear back within a few weeks. Warm introductions are beneficial, but not strictly necessary.
In March 2026, Vendep Capital backed Agileday with a €6.4 million Series A investment alongside Newion and Specialist VC. The firm also led a €2 million seed investment in PatentRenewal.com. Vendep Capital's Fund IV, which closed in November 2025, targets approximately 20 early-stage B2B SaaS startups with initial checks ranging from €600,000 to €1.2 million.
Vendep Capital has been recognized as a dedicated partner for SaaS companies in the Nordics and Baltics, emphasizing its hands-on support model and commitment to follow-on funding. The firm continues to actively deploy capital in the early-stage investment landscape.
What are Vendep Capital's investment criteria?
Vendep Capital invests in early-stage B2B SaaS companies, particularly those that are AI-native. The firm typically looks for startups that demonstrate strong growth potential and innovative solutions.
How can I apply or pitch to Vendep Capital?
Founders can pitch to Vendep Capital by sending an email to hello@vendep.com. It is advisable to include a detailed overview of the business model, market opportunity, and team background in the pitch.
What makes Vendep Capital different from other venture firms?
Vendep Capital distinguishes itself through its hands-on support model, actively assisting founders with challenges related to funding, hiring, and scaling their businesses. The firm also has a commitment to follow-on funding, ensuring that portfolio companies receive continued support as they grow.
What is the geographic scope of Vendep Capital's investments?
Vendep Capital primarily focuses on the Nordic and Baltic regions, targeting early-stage companies that are based in these areas.
What is the typical fund size and check size for Vendep Capital?
Vendep Capital manages a fund size of €80 million and typically invests between €100,000 and €3 million in each portfolio company.
What is Vendep Capital's post-investment involvement like?
Vendep Capital is known for its hands-on approach, providing ongoing support to portfolio companies in areas such as strategy, hiring, and scaling operations. The firm actively engages with founders to help them navigate the challenges of growing their businesses.
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