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IPO Capital (Private Equity Startup With Multiple Portfolio Companies)

We Acquire 100% ownership stakes in profitable industrial companies in the U.K & Scandinavia. Our primary focus is on family or founder owned business' that could benefit from a generational change of ownership whereby we provide an exit strategy to the current shareholders and serve as the new stewards that care for the business and preserve the founders life's work. Our largest asset is www.northernindustriesgroup.co.uk, which was founded in 2019 by the IPO Capital founder (Yusufa Sey) via multiple M&A transactions.

MONI

MONI has a vision of a better, more fair & financially inclusive future. How? Our modern, accessible digital banking services & tools, available for everyone, can also provide a path to financial inclusion for the un- and underbanked people of the world.As of now, this is 2 billion people. We want to make that 0.Founded in 2014 we launched our service in all EEA countries in 2017 after a successful pilot in Finland. That year we were also chosen as the 'Best Fintech Startup' in Finland.

GOONTECH

After working together since 2012 in game development company Henchman & Goon, we launched Goontech in January 2015. Our background in game development has given us a ton of knowledge and a special mindset that we apply to our projects. We continue to look to the game industry for inspiration, techniques and technology, and bring this with us into other industries. Our vision is “Visualizing Great Ideas”, no matter what industry or format, and our mission is to make smarter and more user-friendly visualization solutions. Goontech is located in Bergen, Norway, in short distance from a growing entrepreneurial environment, and some of the biggest players in the oil and gas industry. We also have a small office in Oslo, Norway.

Tapad

Tapad is home to the team that cracked the code on cross-device marketing technology. Our groundbreaking, proprietary tech assimilates billions of data points to find the human relationship between smartphones, desktops, laptops, tablets, connected TVs and game consoles. With 91.2% data accuracy confirmed by Nielsen, Tapad offers the largest in-market opportunity for marketers and technologies to address the ever-evolving reality of media consumption across devices.

Nordcloud

We are Nordcloud and we're on a mission to help organisations gain te maximum benefits of the cloud. As a global leader of cloud services, we deliver cloud strategy, migration, automation, management, capacity, and training. Since 2011 we,ve completed over 200 projects to help our customers harness the power of the cloud. Nordcloud is an AWS premier consulting Partner, a Google Cloud Platform Strategic Partner, and a Microsoft Azure Gold Cloud Partner. As an independent cloud-native organisation, our team of experts delivers objective advice and builds solutions on all the leading public cloud platforms.

Ibex

Ibex is building the future of mental fitness. We're developing a research-informed platform that combines psychology, behavioural science and physiological data to help people proactively strengthen their mental wellbeing through personalised, actionable guidance.
 We believe taking care of our minds deserves the same evolution that taking care of our bodies has already undergone. Today, if you want to improve your physical health, you have access to coaches, training plans, wearables and decades of research translated into practical tools that help you build strength, resilience and long-term wellbeing. Mental health, despite being just as fundamental to how we live, work and thrive, is still largely approached reactively. Clinical care is essential, but for most people there is little support between treating illness and generic wellbeing content.
 We see an opportunity to help change that.
 Advances in wearable technology, behavioural science and AI are making it possible to personalise mental health support in ways that simply weren't practical a few years ago. Technology has become remarkably good at measuring us. Wearables can tell us how we slept, how we recovered and how our bodies responded to stress - but measurements alone rarely lead to better mental health.
 Most people already know that sleep, movement, relationships, recovery and stress all matter. The challenge isn't awareness, it's understanding how these factors interact for each individual and turning that understanding into sustainable action.
 Our ambition is to build a system that turns research and personal data into practical, personalised guidance. Rather than giving everyone the same meditation, journal prompt or breathing exercise, we're building an experience that learns about the individual over time and helps people understand what supports their mental wellbeing, then guides them towards small, meaningful actions that strengthen it over time. Just as no good coach would give every athlete the same training plan, we don't believe everyone should receive the same advice.
 The long-term vision is to make taking care of your mind as practical, personalised and accessible as taking care of your body.
 I founded Ibex after spending years working with people, leadership and organisational development and repeatedly seeing the same pattern: people often recognised the signals only once they had become difficult to ignore. 

At the same time, I saw incredible research, talented clinicians and coaches, and rapidly advancing technology, but very little that brought these worlds together in a practical way for everyday life.
 That question; what if we approached mental fitness more like physical fitness? - became the starting point for Ibex.
 Since then, we've developed an early prototype, completed our first pilot, and are continuing to learn where the product creates value, where it needs to improve, and what we need to build next. We're still early in the journey, but we believe mental fitness deserves the same evolution that physical fitness has already undergone, and we're excited to help shape what comes next.
 If you believe the future of mental health is proactive, personalised and built around helping people thrive, not just treating illness - we'd love to connect.

Hybird

Hybird is an AI-first energy technology company transforming the way businesses manage and use electricity. Born out of frustration with outdated monitoring systems, Hybird combines proprietary circuit breaker innovation with intelligent software, into the Hybird Operating System (OS). This OS tracks electricity usage at the source level, and makes it possible to cut waste, lower costs, and reduce CO₂ emissions. By pairing real-time hardware insights with advanced pattern detection and consumption optimisation, Hybird delivers typical savings of 20–30%. In short, Hybird turns everyday switchboards into connected, data-driven systems that give businesses smarter control over their energy footprint.

Moonbase

Moonbase is a fast-growing software delivery platform and Merchant of Record designed exclusively for developers selling plugins and software. We handle payments, licensing, affiliate programs, and VAT compliance, allowing our clients to focus on building great products. With a usage-based model, we're already profitable and growing rapidly.

Passendo

Passendo is the leading European platform commercializing newsletter inventory. Founded in 2016 by two digital advertising pioneers, our award-winning email ad server (SaaS) provides value for publishers worldwide, with over 4,000 premium publishing house newsletters across the world like The Economist, Bonnier and Nine. Partnering with some of the world’s largest media publishers, we help them activate new incremental revenues in an existing and untapped media channel - in-email advertising - reaching new audiences to unlock new and exciting opportunities. Check us out at Passendo. At Passendo, we invest in talent and celebrate success. If you are ready to embrace this exhilarating role and contribute to a dynamic team, send us your resume. Join us in shaping the future of digital advertising!

ARTificial Mind (and NobodyWho)

About ARTificial Mind: ARTificial Mind is an art-tech studio founded by artist Cecilie Waagner Falkenstrøm. For over eight years, we have been pioneering the creation of interactive AI art using machine learning techniques, particularly large language models (LLMs). Our work has gained international acclaim, with exhibitions at some of the world's most renowned museums, and even in space aboard NASA’s section of the International Space Station. www.artificialmind.ai About NobodyWho: NobodyWho is an open-source software platform designed to empower game developers, even those with no experience in large language models (LLMs), to create offline-first, locally processed, and compute-efficient dialogue systems for non-player characters (NPCs) in video games. Our core product is a copyleft-licensed plugin compatible with several game engines. https://gitlab.com/nobodywho/nobody NobodyWho is a spin-out from the art-tech studio ARTificial Mind. We share office space in the heart of Copenhagen.

Bilberry Technologies

Bilberry Technologies is a Norwegian technology company deeply rooted in the travel and tourism sector. Our state-of-the-art tech stack develops cutting-edge travel technology, addressing challenges in the travel industry and making experiences available in a sustainable way. Our journey began in the Lofoten Islands, far up in the north of Norway, where we identified a gap in technology solutions for activity providers and tour operators. With our talented teams of top developers, who possess strong travel industry knowledge, we set out to create smart booking platforms. The Norwegian travel industry quickly recognized our solutions as the answer to their needs, and within just a year, we became market leaders. We have since successfully expanded to international markets. By building a company based on individual skill, creativity, adventure, loyalty, and empathy, we offer robust solutions and a reliable business partner for the long haul. For activity companies, we offer Bilberry Base, a tool that helps manage day-to-day operations while planning for the next season. For larger operators, we offer Bilberry Blend, a powerful package builder that works 24/7 through direct integrations. Bilberry is a wholly-owned subsidiary of DSD and a proud member of the DSD Explore family. We elevate the travel industry by building digital tools that help companies plan, sell, deliver, and scale. We go beyond the basics, delivering tools that help businesses extend their seasons and scale their operations.

2D

2D is an innovative company at the forefront of solving the most significant challenge in CVD graphene transfer technology for real-world applications. Our cutting-edge solutions revolutionize how graphene is utilized across various industries. Our groundbreaking graphene transfer technology seamlessly moves graphene from copper foil to a simple plastic sticker. This scalable method allows graphene on stickers to be effortlessly transferred onto any substrate, overcoming the traditional hurdles of transferring graphene from copper to other materials.

Treble Technologies

Treble Technologies is an Iceland-based deep tech B2B SaaS scale-up that has built the sound simulation platform of the future: the platform to design the sound of every building, every car, every tech product, and every virtual experience. The platform stands at the intersection of four major ongoing or emerging technology revolutions: artificial intelligence, the metaverse, digital twins, and human-computer interfacing. The software solution offered by the platform is groundbreaking and enables the integration of audio in these technological innovations. The platform solves pressing problems faced by the audio and acoustics industry. It enables faster audioproduct development cycles and allows users to realize better quality products and services at significantly reduced costs. It will enable the developers of audio artificial intelligence (e.g., speech recognition) to overcome the number one challenge they are facing, the data bottleneck, by allowing synthetic audio data that has the same fidelity as real-world recordings, which has been impossible until now. It enables better immersion into virtual and augmented worlds and reduces user fatigue and motion sickness, which increases user adoption. It allows architects and engineers in the building industry to design buildings seamlessly, not just with their eyes but also with their ears, ensuring optimal acoustic and noise conditions are obtained, all while avoiding costly mistakes. Thus, the platform allows the automotive, consumer electronics and pro-audio industries to replace physical prototyping with virtual prototyping. Treble was founded in late 2020, but the company’s seeds were sown in academic research at world-leading universities for several years prior to the foundation. Treble currently employs just over 30 people, including world-leading engineers and brilliant entrepreneurs.

Strive - Strive for startups

Strive is a project revolutionizing the Finnish job market to one where startups are the best place for students to thrive in a high-growth environment. Students don't recognize the potential that startups offer as places where you can quickly and efficiently learn and grow. On the other hand startups are innovators whose success depends on their ability to find and engage the best talent. We're changing the status quo and connecting students with rapidly growing growth companies. Our main event is held in the fall and is a startup crawl connecting students to the best startups in Finland.

Carrot

We believe the key to solving the world's two billion waste problem is to motivate people and companies to reduce waste and benefit from the circular economy. We do this by integrating data from all types of digital hardware to understand where waste comes from, and we use this data to reward sustainable behaviour. Our company was born in the waste industry and designed to change it. During the past year, we've launched a new brand, started building an insane team, won the Proptech Award 2021, and gone from 1 to 10 customers. All regulatory winds blow our way and we're ready to conquer the world.