Vendep Capital invests in late seed and A round stage. The businesses they invest in are mostly B2B software companies. 

Experience

Vendep was founded in 2002, but started making investments in 2014, and have invested in several startups. Most of the businesses they have invested in come from Tekes' Young Innovative Companies (YIC) program.

How much do they invest?

Vendep Capital raised a 32 million € fund that invests in B2B SaaS companies in the late seed and A round stage. Their ticket size varies from 0,5-2,5 million euros. Their typical initial investment will be in the range of €0.5-1 million. The fund’s strategy is to invest in startups offering software to B2B customers, usually on SaaS basis. 

How do they work?

The potential target companies are expected to have a significant number of customers, and their recurring monthly revenue should be at least €30,000-50,000, with a considerable proportion coming from international markets.

This makes a difference to them

They look to invest in a dedicated and committed team. The business should also have a competitive business idea that can take a strong market position.

Key People

Hannu Kytölä – Founder, General Partner and Chairman of the Board
Hannu became an entrepreneur in 2000 and founded Vendep in 2002. He has more than 10 years’ experience from Reuters. He is now focusing on investing development resources, money, and expertise into startups. Hannu holds a BSs in Telecom & Computers from Turku AMK.
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Sakari Pihlava - General Partner
Sakari works as a general manager in Vendep. He has great international experience and more than 18 years’ experience in software product, business development and venture capital. Sakari holds an MSc in Computer Science from TKK.
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Startups they funded