Tag Archives: Venture Capital

Hightouch and Snowflake Boost AI-Powered Marketing Data Stack with Snowflake Ventures Investment

Snowflake

Marketing teams are increasingly leveraging AI to deliver differentiated and personalized experiences, and it’s clear this is where the competitive advantage now lies. In fact, nearly 75% of marketers already feel AI gives them an edge, and more than 85% plan to significantly increase their AI adoption in the next two to three years. To achieve and scale high-ROI campaigns, marketing and data teams need better ways to collaborate to unlock and activate strategic insights from their data.

This critical need makes our latest Snowflake Ventures investment in Hightouch, alongside Capital One Ventures, all the more essential. Hightouch is a data and AI platform for marketers that empower enterprises to activate their customer data directly from Snowflake to over 200 destinations, including critical marketing and advertising platforms.

We recently recognized Hightouch’s achievements within the Snowflake AI Data Cloud ecosystem by naming it our 2025 Marketers & Advertisers Data Cloud Product Partner of the Year. Hightouch earned this recognition for helping our joint customers personalize experiences, drive measurable ROI across marketing and advertising channels and activate data at scale.

 

Powering new AI marketing innovations

The combined power of Snowflake and Hightouch delivers a secure, governed data stack for AI-driven marketing. This investment sets the stage for joint development of solutions that will change how marketers operate, including new AI-driven capabilities like Hightouch AI Decisioning – an agentic AI product for lifecycle marketing that runs natively via Snowflake Cortex AI.

These new capabilities, along with support for Snowflake Horizon Catalog — a fully integrated solution for role-based access controls — will make it easier for Hightouch customers to fully adopt Snowflake as their AI Data Cloud. This provides frictionless access to native security, governance and advanced AI features not available on other data platforms. This will also simplify the adoption of Hightouch for Snowflake customers, enabling them to easily leverage its AI-powered marketing solutions to drive personalization at scale.

 

Real-world impact with AI

Hundreds of customers are already using Hightouch as their Composable CDP and AI marketing solution with Snowflake as the single source of truth for all customer, marketing and enterprise data, including:

  • WHOOP: The marketing team at WHOOP uses Hightouch and Snowflake Cortex AI to maximize customer lifetime value through AI-powered personalization. This enables them to break free from the constraints of rule-based marketing and take personalization efforts beyond human scale, using AI to autonomously experiment and optimize every customer interaction.
  • Warner Music Group (WMG): WMG’s music publishing company, Warner Chappell Music, has more than 1 million copyrights in its catalog. By building a consumer intelligence platform with Snowflake and Hightouch, WMG now leverages data to “super-serve” fans, artists and brands. This has helped them increase efficiency with streamlined audience creation and syndication, as well as accelerate data-driven collaboration and innovation.
  • Accor: The global hospitality group implemented a Composable Customer Data Platform (CDP) using Snowflake and Hightouch to improve customer segmentation and personalized marketing. This system reduced campaign preparation time from three weeks to two days, enhanced data-driven marketing for more effective targeting and optimized budgets, and laid the groundwork for future AI integration for deeper customer insights.

What’s next for Hightouch and Snowflake

The future of AI-driven marketing with Hightouch and Snowflake is incredibly exciting. We envision AI decisioning rapidly evolving to train on all data types — structured and unstructured — accessed directly within Snowflake, fundamentally transforming creative strategies. Expect to see dedicated, industry-specific solutions emerge across retail, financial services, healthcare/life sciences and media and entertainment, bringing bespoke AI power to every sector.

Learn how leading marketers across industries are using the Snowflake AI Data Cloud to unify their customer, marketing and enterprise data.

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Introducing Mandolin: AI Teammates for Healthcare

Introducing Mandolin: AI Teammates for Healthcare

When we first met Will Yin and Rohit Rustagi, it was clear that they were obsessed with solving an urgent problem in healthcare: closing the time-to-access for specialty therapies that treat conditions like cancer and Alzheimer’s.

In our meeting, Will articulated how he could build “a new kind of worker for healthcare.” One that could log in, pick up the phone, fill out a form, and ultimately help patients get access to specialty pharmaceuticals in a fraction of the time.

It was an idea rooted in experience. Both Will and Rohit had family members struggle to access specialty therapies for conditions like cancer and Alzheimer’s — the types of drugs that cost hundreds of thousands of dollars and take weeks or months to approve (if they’re approved at all). These are powerful, personalized therapies, but the workflows to deliver them are stuck in the past. Clinics, health systems, and pharmacies lose weeks navigating approvals, reading policy documents, and chasing reimbursement — all while patients wait for treatment.

And the problem is only growing. Specialty drugs now account for over half of U.S. prescription spend and are 75% of the FDA drug pipeline. The healthcare system can’t keep up.

Mandolin is solving for this, with its AI automation platform for specialty drug access. We at Greylock are privileged to partner with Will and Rohit and lead the company’s Series A investment.

Mandolin’s AI agents act like full-time employees — reading, reasoning, and completing tasks across systems. From benefits verification to prior auth and billing, it’s not a tool but a workforce. One that works 24/7, scales effortlessly, and delivers higher accuracy than traditional workflows.

And it’s working. Since launching their agents in January, Mandolin is already live with some of the largest infusion providers, specialty pharmacies, and health systems in the country, including Vivo, FlexCare, OI Infusion, and TwelveStone. It’s deployed at 700+ clinics and serves over 250,000 new patients annually. Teams are cutting days of administrative work down to hours, increasing revenue, reducing manual overhead, and getting patients on therapy weeks sooner than before.

Some of the most thoughtful founders we’ve worked with didn’t initially set out to build companies, but encountered a problem they just had to solve. Will spent his high school and college years publishing neuroscience research and preparing for a career as a physician-scientist. Rohit, a Fulbright awardee, studied bioethics and entered med school at Stanford. They each walked away from medicine — not because they lost faith in science, but because they realized the real bottleneck was the system and the timing was right to make a real impact.

The emergence of multi-agent AI platforms finally has the tooling to automate complex workflows end-to-end. As Mandolin builds the definitive AI teammate for the largest health systems in the world, we’re proud to support Will, Rohit, and team as they turn AI into a force that helps more people access the care they need, when they need it. If you’re interested in this mission, Mandolin is hiring!

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Diskover, Backed by Snowflake Ventures, Empowers Enterprises with Full Visibility into Their Legacy Data Estates

Snowflake

A successful AI strategy requires a solid data foundation, yet a striking number of data and AI leaders are feeling unprepared. According to a survey of executives, a quarter described their data foundations as “somewhat unready” to “very unready” to support generative AI applications, and more than half admit they are only “somewhat ready.”

Compounding this challenge, enterprises are grappling with petabytes of data trapped on legacy storage devices. The lack of visibility into these systems makes it impossible to search for or identify critical information and can cost companies with 100 employees dealing with data around $2.7 million dollars annually. Diskover is at the forefront of tackling this challenge by helping customers find, analyze and enrich data for smart decision-making and quick action — from everyday tasks to advanced AI and data lake applications.

The ability to unlock the value of scattered, unstructured data through global visibility is a key reason we are supporting Diskover through an investment from Snowflake Ventures. Our investment enables a seamless process for our joint customers to identify the most valuable data and enable developers to ingest that data into Snowflake using Snowflake Openflow without rearchitecting or setup.

Customers will be able to access Diskover via Snowflake Marketplace to get better visibility of their data across disparate storage systems such as NetApp, Dell EMC, Vast and DDN, all within their Snowflake environment. Looking ahead, once customers identify critical data using Diskover, they’ll be able to seamlessly replicate it to Snowflake using Openflow, and Diskover is developing the direct connectors to enable customers to do all this from the Diskover interface.

Diskover helps companies pinpoint their most valuable data across legacy storage appliances by delivering a unified view of all of an organization’s data, offering global visibility and searchability and providing features to enhance overall data efficiency. Combined with the power of Snowflake’s easy, trusted and connected platform, our integration will help customers effortlessly ingest their most essential data, bringing clarity and real operational value to build a robust data foundation ready for AI.

Stay tuned to try Diskover Data’s Snowflake connected app, available soon in Snowflake Marketplace.

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Our Investment in Cursor – accel

Accel

We’re pleased to announce our investment in Cursor, the company shaping the future of software engineering. What Michael, Aman, Arvid, and Sualeh have accomplished in just a few short years is without precedent, and it’s clear they’re only getting started.

As software has accelerated every company and industry over the past several decades, tools supporting engineering teams have flourished – yet astonishingly, the process of writing code itself has hardly changed. Cursor shrinks the gap between human intent and action.  We believe it will become the collaborative interface between humans and computers, where every keystroke, action or inaction is an exchange of information that helps to accelerate cycles and achieve better outcomes. With relentless execution and distinctive product taste, the Cursor team is making software engineering a seamless extension of the human brain.

With over $1.5 billion invested in AI-native companies, we have observed the compounding leadership effect of winners in certain categories. In coding, developer choice —> wider distribution & deeper engagement —> higher fidelity keystroke data —> compounding product differentiation. With market leadership comes disproportionate access to talent, capital, GPU capacity, and marketplace influence.

The future is uncertain, but it will likely involve various configurations of humans and agents writing code together.  Today, Cursor changes the paradigm for building software; tomorrow, we believe it will be the operating system for human-machine collaboration across all developers.  We’re delighted to back Michael and this incredibly talented team for the ambitious journey ahead.

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Congratulations, Circle! – Accel

Accel

Today marks an exciting milestone for Jeremy Allaire and the Circle team as they go public. For those of us who have watched this journey up close, this is a milestone years in the making—and a testament to Jeremy and the Circle team’s persistence.

This isn’t Jeremy’s first time on the podium. He last rang the bell when he took Accel portfolio company Brightcove public in 2012. With Circle, he took on his next challenge: launching a company with the ambitious goal of building a new digital financial system in an industry characterized by complexity, intense public scrutiny, and regulatory uncertainty. It turns out that Jeremy and his team were more than up to the task.

Circle was founded in 2013 with a broad vision to facilitate the next stage of internet-driven globalization and commerce. Today, USDC—Circle’s stablecoin—has become one of the most widely used digital currencies in the world, with more than $25 trillion in on-chain transactions as of late March.

What stands out about the Circle team is their willingness to take the long view, even when it means doing things the hard way—in particular, through their commitment to a regulatory-first posture and their reputation for integrity and transparency.

Congratulations to Jeremy and everyone at Circle!

–The Accel Team

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Emerald Invests in Cajo Technologies, Sustainable Laser Marking Leader

Emerald

Kempele, Finland / Zurich, Switzerland – Cleantech venture capital pioneer Emerald Technology Ventures has announced an investment  in Cajo Technologies, a Finnish provider of advanced laser marking solutions. The round will accelerate Cajo’s growth and allow them to commercialize the groundbreaking  MakeBright™  marking technology for  packaging.

Advancing Sustainable Packaging Solutions

Cajo has developed and patented technologies that eliminate the need for consumables such as ink, labels, or adhesives, significantly lowering the environmental footprint of product marking. Their technology allows for the direct marking on a wide array of

Their MakeBright™  marking technology is a revolutionary new way to produce precise and permanent product markings on cardboard more sustainably, without additives like ink, glue, ribbons, or labels. This eases the recycling process and enables cost savings.

The Growing Need for Sustainable Packaging Marking

Cajo’s solutions cater to forward-thinking stakeholders in the industry looking to significantly improve production processes while lowering operational costs. Cajo’s solutions are already trusted by major industrial players across diverse sectors—including PepsiCo, SSAB, Fiskars, and Prysmian for applications ranging from primary and secondary packaging to metal, wire, and cable marking.

Capturing a High-Growth Market

The global laser marking market is forecasted to exceed EUR 4 billion by 2027, driven by increasing regulatory demands, anti-counterfeit measures, and the need for supply chain traceability. Cajo is well-positioned within this market with its scalable product portfolio—ranging from Integrable marking units to turnkey industrial systems—and its proprietary software platform.

Supporting Next-Stage Growth

With Emerald’s investment and strategic support, Cajo plans to scale commercial operations, expand internationally—particularly in Asia and North America—and advance its customer success, R&D, and production capabilities.

“We are thrilled to partner with Cajo to accelerate the transition to sustainable marking technology” said Fredric Petit, Partner at Emerald. “Cajo’s technology is not only a powerful enabler of traceability and eco-efficiency but also commercially validated by global industry leaders.”

Niko Karsikas, CEO of Cajo Technologies, added, “Emerald’s industrial network and deep expertise in scaling cleantech ventures make them an ideal partner for our next chapter. With their support, we are set to deliver impactful solutions to the global packaging and industrial sectors.”

More on sustainable packaging and materials at Emerald:

Emerald leads €6.2M investment in Vytal to fuel the reusable packaging revolution

Emerald client, SIG, invests into coating manufacturer Kalpana

How Innovation in the Field of Plastic Additives is Key for a Circular Economy

About Emerald Technology Ventures

Emerald is a globally recognized venture capital firm, founded in 2000, that manages and advises assets of over €1 billion from its offices in Zurich, Toronto and Singapore. The firm invests in start-ups that tackle big challenges in climate change and sustainability, with four current funds, hundreds of venture transactions and five third-party investment mandates, including loan guarantees to over 100 start-ups.

This is Emerald.

Bold Ideas. Bright Future.  www.emerald.vc

CONTACT FOR EMERALD:

info@emerald.vc

About Cajo Technologies

Cajo Technologies: Pioneering Sustainable Product Marking

In an era where sustainability is a key driver of industrial innovation, Finnish SME Cajo Technologies Ltd. is revolutionizing product marking with its patented laser solutions. By eliminating the need for ink, labels, and chemicals, Cajo provides an eco-friendly and cost-efficient alternative to traditional marking methods.

Headquartered in Kempele, Finland, with subsidiaries in India, Cajo Technologies is rapidly expanding its global presence. The company offers comprehensive, easy-to-use solutions for traceability and product marking, leveraging proprietary software and patented technology. Fully optimized for industrial production, Cajo’s marking solutions seamlessly integrate into existing manufacturing processes, significantly reducing maintenance and operational costs.

Beyond efficiency, Cajo’s technology ensures high-precision traceability markings, even in the harshest industrial environments, while reducing the carbon footprint by up to 90%. This sustainable alternative allows companies to eliminate consumables and harmful additives from their production, aligning with the growing demand for zero-waste manufacturing solutions.

With a trusted presence in over 80 countries and partnerships with global industry leaders, Cajo Technologies is setting a new benchmark in sustainable manufacturing. By combining innovation with environmental responsibility, the company demonstrates that sustainability and profitability can go hand in hand.

Choose Cajo for intelligent product marking.

CONTACT FOR CAJO:

info@cajotechnologies.com

 

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Honeydew Revolutionizes Business Intelligence with Investment from Snowflake Ventures

Snowflake

At Snowflake, our mission is to empower every enterprise to achieve its full potential through data and AI. We actively support innovative companies within our ecosystem that demonstrate clear value for our customers, which is why we’re excited to invest in Honeydew, a former Snowflake Startup Challenge finalist. Honeydew’s Semantic Layer revolutionizes the way data teams collaborate on business intelligence and deliver impactful data-driven insights.

Underpinning Honeydew’s approach is our shared vision that “semantics should live in the data warehouse.” “A shared truth starts with a shared language — for people, for tools, for data transformation,” says Honeydew’s Co-Founder and CEO, David Krakov.

Honeydew makes it easier to make complex data more accessible, consistent and useful for Snowflake customers. In particular, its sophisticated semantic compiler enables end users to ask their own questions, using their own tools, on metrics processed directly in Snowflake. The compiler ensures that every ad hoc user question is translated to a Snowflake query that is both correct and lightning fast.

Bridging the gap between data, users and AI

In the age of AI, a robust and accurate understanding of data isn’t just important — it’s foundational. This is where Honeydew’s Semantic Layer shines. It acts as a crucial bridge that connects the business language that AI agents or BI tools use with intricate relationships, join paths, levels of granularity, metric definitions, nuances and dependencies within an organization’s data.

Honeydew built a Snowflake Native App for its Semantic Layer on Snowflake to provide seamless access within Snowsight UI, the Snowflake web interface, enabling applications built on Snowflake to leverage the Semantic Layer for query generation while extending Snowflake’s robust security features to it.

One logic and shared truth: Lightning-fast insights with Power BI

For organizations leveraging the power of Microsoft’s Power BI on Snowflake, Honeydew fundamentally transforms the BI experience by placing logic where the data resides. This changes how BI teams operate and empowers Snowflake customers to:

  • Increase speed and performance: Enable fast, direct queries on massive data sets, even those exceeding 1 billion rows.
  • Centralize governance: Build data access, business metadata, governance and cost controls once within Snowflake and seamlessly apply them across all Power BI instances.
  • Create a single source of truth for all critical business metrics: Say goodbye to duplicate logic. Defining key metrics and aggregations in SQL within Snowflake only once eliminates the need for complex Power BI DAX expressions or Tableau LOD calculations.

The tangible impact of Honeydew is clear. Just ask Pizza Hut. By tapping into Honeydew’s Semantic Layer, built natively on Snowflake, Pizza Hut has connected Power BI and Excel directly to its transactional data, giving business users real-time access to governed metrics without duplicating data. The results?

  • Reports delivered four hours earlier
  • 50% faster development of insights
  • 30% reduction in costs and engineering effort

Continued growth

Our investment in Honeydew reflects our belief in its vision and the transformative potential of its technology. We’re confident that Honeydew’s powerful Power BI integration and intelligent Semantic Layer will empower organizations to unlock deeper insights, improve data governance and ultimately make better, data-driven decisions. We’re excited to continue partnering with Honeydew and look forward to witnessing its growth and impact on the future of data and AI.

Discover how to leverage Honeydew for your Snowflake ecosystem at Snowflake Summit 2025 in San Francisco, June 2-5, 2025, by visiting Honeydew’s booth (#1204).

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ABB invests in strategic partnership with US start-up Molg to transform drive design and accelerate its contribution to the circular economy

ABB Ventures
  • Investment by ABB Drive Products to develop next generation products for circularity and resource-efficient future
  • Companies will develop design architecture for drive manufacturing by optimizing testing and assembly processes in Molg’s robotic Microfactories
  • Collaboration started in 2024, with ABB Robotics participation in Molg’s seed round of funding  

ABB Motion’s Drive Products division has invested, through ABB Motion Ventures, in Virginia-based circular manufacturing company Molg to optimize manufacturing design and reusability of ABB drives. The collaboration will leverage Molg’s design expertise and US-based robotic Microfactories to streamline the assembly and testing processes within ABB’s manufacturing operations, while simultaneously increasing drives’ circularity and resource efficiency.

ABB and Molg’s relationship began in 2023 when the company was recognized as a winner of the ABB Accelerating Circularity Startup Challenge. ABB Drive Products and Molg have subsequently delivered a successful proof of concept in drives assembly in robotics-based Molg Microfactories and this fresh investment will enable the next phase of their partnership.

A central aspect of ABB Drive Products’ choice to invest in Molg is the firm’s circularity credentials. ABB is committed to achieving a full life cycle circular approach for 80 percent of its products by 2030 and Molg’s robotic Microfactories will help to improve the efficiency of manufacturing configured-to-order drives by streamlining the assembly and testing processes with automation. The investment strengthens ABB’s position as a key enabler of circular economy by re-using, re-purposing, and recycling components. ABB Robotics & Automation Ventures participated in Molg’s seed round of funding in October 2024 to help scale the start-up’s production capacity and tackle e-waste with robotics and design.

This strategic partnership follows ABB’s recent $100 million campus project in New Berlin, Wisconsin, and further enables its ‘local for local’ strategy – using locally-sourced materials for in-country manufacturing to service local customers. This is also a vital part of ABB’s circularity-based approach, not only minimizing waste and manufacturing-related carbon emissions, but providing crucial in-market support for companies across the supply chain.

“Our investment in Molg means we are part of an innovation ecosystem which develops new solutions for product circularity,” said Tuomo Hoysniemi, ABB Drive Products Division President. “This investment to develop our drives portfolio through recycling and reusing of components is aligned with our aims to increase circularity within our portfolio. What’s more, Molg’s Microfactories are especially suited to the ABB Drive Products’ customizable product range and will give us and increased ability to meet unique customer and market future requirements, while at the same time preserving valuable resources.”

“Winning ABB’s Accelerating Circularity Startup Challenge was great recognition for us, and we are even more excited to continue our collaboration with ABB Drive Products within circularity and automation,” said Rob Lawson-Shanks, CEO & Co-Founder of Molg. “We are thrilled to work with ABB Drive Products to design more circular products and create circular manufacturing processes for electronics to enhance supply chain resilience and ensure valuable materials are kept in circulation.”

The financial details of the investment have not been disclosed.

  • Drive Products division invests in a strategic partnership with US start-up company Molg to optimize manufacturing design and reusability for ABB drives

  • ABB and Molg

(1/3) Drive Products division invests in a strategic partnership with US start-up company Molg to optimize manufacturing design and reusability for ABB drives

Notes to editors

ABB is a global technology leader in electrification and automation, enabling a more sustainable and resource-efficient future. By connecting its engineering and digitalization expertise, ABB helps industries run at high performance, while becoming more efficient, productive and sustainable so they outperform. At ABB, we call this ‘Engineered to Outrun’. The company has over 140 years of history and around 110,000 employees worldwide. ABB’s shares are listed on the SIX Swiss Exchange (ABBN) and Nasdaq Stockholm (ABB). www.abb.com

ABB Motion Ventures is the venture capital unit of ABB Motion. ABB through its business-led venture capital investment framework, ABB Ventures, looks for breakthrough technology companies aligned with ABB’s goal to write the future of industrial electrification and automation. Since its formation in 2009, ABB Ventures has deployed around $500 million into startups spanning a range of sectors including robotics, industrial IoT, AI/machine learning, energy transition, cybersecurity, electric mobility, smart buildings, and distributed energy. For more information, visit www.abb.com/ventures

Molg tackles the growing e-waste problem by making manufacturing circular. The company’s robotic microfactory can autonomously disassemble complex electronic products like laptops and servers, helping keep valuable components and materials within supply chains and out of landfills. Molg partners with leading electronics manufacturers to design the next generation of products with reuse in mind, ensuring that one product’s end is another’s beginning. To learn more, visit molg.ai.

For more information please contact:

Media Relations: media-motion@abb.com

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ABB invests in generative AI energy manager startup Edgecom

ABB Ventures
  • BB extends partnership with Edgecom, winner of its 2024 Startup Challenge
  • Edgecom and ABB will collaborate on AI solutions for large industrial customers

ABB is investing in a strategic partnership with Edgecom Energy, the Toronto-based energy management startup. The company’s unique energy management platform uses artificial intelligence to help industrial and commercial users manage and reduce peaks in their power demand. It is the first in the market to use a generative AI copilot to optimize the user experience.

The partnership involves a minority investment in Edgecom through ABB Electrification Ventures, the venture capital arm of ABB Electrification. ABB Electrification Ventures is part of the group-wide ABB Ventures framework, investing in transformative technology companies that advance ABB’s vision of a more sustainable, electrified, and automated world. Edgecom was a winner in ABB’s 2024 Startup Challenge.

The International Energy Agency has stated that the world must double the pace of energy efficiency progress in the next decade to meet net zero targets. It highlights the key role digital energy management must play. Innovation teams at ABB’s Smart Power division will collaborate with Edgecom to develop new AI-enabled solutions to help customers in North America save energy and reduce costs.

Massimiliano Cifalitti, President of ABB’s Smart Power division, said: “Partnerships are key to ABB Electrification’s artificial intelligence strategy for energy management. Edgecom shows how gen AI can create business value from complex data sets with an easy-to-use interface. The company also has the scalability and interoperability ABB is looking for as we grow our AI ecosystem for energy management.”

Artificial intelligence can be a game-changer for energy management. ABB’s digitalised electrification solutions collect data from across a site’s power network; Edgecom’s AI Energy Copilot can turn complex dataset into energy saving opportunities. Adapting to the customer’s goals, the AI Energy Copilot suggests small adjustments to lower bills or smart ideas to reduce environmental footprint.

Behdad Bahrami, CEO and Co-Founder of Edgecom, said: “ABB’s commitment to our vision underscores the transformative impact we’re bringing to energy management. Together, we’re empowering large energy users to achieve significant cost savings and emissions reductions through innovative solutions that deliver real world cost savings and emissions reductions. As the energy transition accelerates, innovative partnerships like this are key to creating a more efficient and sustainable future for industries worldwide.”

Mehdi Parvizi, CTO and Co-Founder of Edgecom, added: “Generative AI is transforming energy management by enabling tailored strategies that unlock savings across energy-intensive assets and facilities. This technology optimizes asset performance, integrates operations with energy market programs and price tariffs, improves energy efficiency, and guides operator behavior toward more effective energy decisions.”

The investment in Edgecom brings the total portfolio of ABB Electrification Ventures to 15 companies, with investments totalling €80 million since 2021. It is part of ABB Ventures, which has invested more than $450 million in 70 startups across electrification and automation sectors since 2010.

Edgecom Energy's unique energy management platform uses generative AI to help users reduce power demand peaks
Edgecom Energy’s unique energy management platform uses generative AI to help users reduce power demand peaks

ABB is a global technology leader in electrification and automation, enabling a more sustainable and resource-efficient future. By connecting its engineering and digitalization expertise, ABB helps industries run at high performance, while becoming more efficient, productive and sustainable so they outperform. At ABB, we call this ‘Engineered to Outrun’. The company has over 140 years of history and more than 105,000 employees worldwide. ABB’s shares are listed on the SIX Swiss Exchange (ABBN) and Nasdaq Stockholm (ABB). www.abb.com

ABB Electrification is a global technology leader enabling the efficient and reliable distribution of electricity from source to socket. With more than 50,000 employees across 100 countries, we collaborate with our customers and partners to solve the world’s greatest challenges in electrical distribution and energy management. As the energy transition accelerates and electricity demands grow, we are electrifying the world in a safe, smart and sustainable way. At ABB, we are ‘Engineered to Outrun’, and we are passionate about helping our customers and partners do the same. go.abb/electrification

Contact us

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Scaling Science and Sustainability: Voima Ventures Finalises Fund III, north from €100M.

Voima Ventures

Helsinki, Finland – Voima Ventures has announced the final closing of its €100M+ Fund III, an Article 8 compliant deep tech fund. Based in both Helsinki and Stockholm, the fund has already begun deploying capital with 8 finalised investments from its first closing to accelerate breakthrough innovations across the Nordic and Baltic deeptech landscape.

Key Highlights:

  • €100M+ final close of Voima Ventures Fund III
  • Focused on science and deeptech startups across the Nordic and Baltic region
  • Investing into 25-30 companies, with initial entry tickets varying from €200k to 3M€.
  • Article 8 compliant under the EU’s SFDR, reinforcing Voima’s dedication to sustainable and impact-driven investing thesis
  • Investors of the Voima Ventures Fund III include among others European Investment Fund EIF, Finnish Tesi and its fund of funds KRR, VTT of Finland, Saminvest from Sweden, and pension funds Nordea Life and Elo, as well as established foundations, and family offices.

Inka Mero, CEO and Managing Partner of Voima Ventures

Scaling Nordic Deeptech- From Labs to Unicorn Potential

With this closing, Voima Ventures emphasised its unique insight to invest in visionary scientific founders and entrepreneurs who are reshaping whole industries, including Life Sciences, energy, food, quantum and advanced AI, to mention a few.

The new Fund is uniquely positioned to support the next generation of science-driven unicorns. Initial investment tickets range from €200k to €3M, with the capacity for significant follow-on investments. The firm aims to further grow its presence in the Nordic and Baltic regions while being the go-to and longterm partner for early-stage university spinouts and startups.

Since its foundation in 2019, Voima Ventures established itself as a trusted partner for early-stage founders, leveraging deep expertise and networks within academia and industry to bridge the gap between research and commercial success. With over 70% of its portfolio companies originating directly from university spin-offs or research ecosystems, the firm remains committed to fostering groundbreaking innovation at its roots.

Growth and Impact

Voima Ventures prioritises high-potential VC investments that deliver both financial returns and positive environmental and societal impact. The fund is committed to ESG principles and is aligned with the EU’s Sustainable Finance Disclosure Regulation (SFDR), as an Article 8 fund.

“In deeptech, pushing the boundaries of science-driven entrepreneurship isn’t just about innovation, it’s about delivering meaningful global impact alongside strong returns,” said Inka Mero, Founder and Managing Partner of Voima Ventures. “Our recent Impact Report highlights this commitment, showing that Voima Ventures Fund III achieves a net impact score of +48%, compared to the average -8% impact of US Fortune 500 companies. This means that every Euro we invest creates significant positive change, driven by more sustainable practices and transformative technologies.”

Voima Ventures Partners From Left to Right: Jussi Sainiemi, Jenny Engerfelt, Inka Mero, Pontus Stråhlman

The Journey Continues

Lately, Voima Ventures has focused on expanding its presence in Sweden, hiring Stina Wallmark as Life Sciences Investment Director and promoting Jenny Engerfelt to Partner earlier in the year. Together, they are driving efforts to strengthen operations and manage the growing deal flow from the region.

The fund will make 25-30 investments and has so far done 8 new investments. Closed investments include examples like ÄIO – replaces palm oil, coconut oil and animal fats with sustainable and healthier alternatives, Liquid sun – sustainable aviation fuel from carbon dioxide and Avenue Biosciences – protein optimization platform enhancing production yield and the quality of pharmaceuticals.

“The Nordic and Baltic regions are setting the global standard for deep tech innovation, and we are proud to grow alongside this thriving ecosystem,” said Jussi Sainiemi, Partner at Voima Ventures. “With a unique blend of cutting-edge research and entrepreneurial talent, these regions are driving solutions that not only tackle global challenges but also redefine industries, creating sustainable value for future generations.”

Voima Ventures Team Day at Solein Production Facility, with Juha-Pekka Pitkänen CScO of Solar Foods Centre

About Voima Ventures

Voima Ventures, founded in 2019, is a Nordic early-stage investor investing in science-based innovations and companies across the Nordics and Baltics. Voima Ventures help founders to accelerate the growth of deep technology ventures to global markets. Voima Ventures is a team of 12 investment and growth entrepreneurship professionals who share a passion for science-based tech. Voima Ventures holds a strong track record in investing in high-growth science-based solutions by being an early investor in success stories like Solar Foods, Dispelix, MVision, Betolar and EniferBio.

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