# Varjo funding: rounds and investors > Varjo has raised $37M across 2 rounds since 2018. Investors include Lifeline Ventures, NVIDIA and European Investment Bank. Every round with its source. Source: https://millionrounds.com/company/varjo (Millionrounds; every figure on the page links to its filing or article) Finland · [Funded startup](https://millionrounds.com/companies) # Who invested in *Varjo* 2 rounds we have observed, with the 6 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it. VR & AR Funding summary Updated 26 Oct 2026 **$37M** raised across 2 rounds since 2018, from 2 sources **$31M** Series B **$5.9M** Debt - **Latest round:** Debt, $5.9M Aug 2025 - **Biggest round:** $31M Series B · Oct 2018 - **Investors:** 6 See who backed them ## The funding story Each circle is a round, placed by date and sized by amount. The line above is the running total. 2019 2020 2021 2022 2023 2024 2025 **$31M** Series B **$5.9M** Debt - **First round:** Series B, $31M - **Biggest round:** $31M - **Between rounds:** 6.8 years ## The rounds - **Aug 2025** Debt **$5.9M** *3 new* *1 returning* [NVIDIA](https://millionrounds.com/fund/nvidia) [European Investment Bank](https://millionrounds.com/fund/european-investment-bank) [EQT Ventures](https://millionrounds.com/fund/eqt-ventures) [Lifeline Ventures](https://millionrounds.com/fund/lifeline-ventures) Source recorded - **Oct 2018** Series B **$31M** *3 new* [Lifeline Ventures](https://millionrounds.com/fund/lifeline-ventures) [EQT](https://millionrounds.com/fund/eqt) Atomico/ Next47 Reported by TechCrunch ## Who was in which round The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led. **Series B** 2018 **Debt** 2025 [Lifeline Ventures](https://millionrounds.com/fund/lifeline-ventures) [NVIDIA](https://millionrounds.com/fund/nvidia) [European Investment Bank](https://millionrounds.com/fund/european-investment-bank) [EQT Ventures](https://millionrounds.com/fund/eqt-ventures) [EQT](https://millionrounds.com/fund/eqt) Atomico/ Next47 ## Everyone who backed them [Lifeline Ventures](https://millionrounds.com/fund/lifeline-ventures) VC firm **2** rounds [NVIDIA](https://millionrounds.com/fund/nvidia) Company **1** round [European Investment Bank](https://millionrounds.com/fund/european-investment-bank) Government **1** round [EQT Ventures](https://millionrounds.com/fund/eqt-ventures) VC firm **1** round [EQT](https://millionrounds.com/fund/eqt) Private equity **1** round Atomico/ Next47 no record of our own yet **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=varjo). ## Also claim to have backed them These 3 firms list Varjo as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above. [Sisu Game Ventures](https://millionrounds.com/fund/sisu-game-ventures) VC firm Per its own site [Nordic Secondary Fund](https://millionrounds.com/fund/nordic-secondary-fund) VC firm Per its own site [Sagene Tech Ventures](https://millionrounds.com/fund/sagene-tech-ventures) VC firm Per its own site ## Quick answers about Varjo ### Who invested in Varjo? Varjo's investors include Lifeline Ventures, NVIDIA, European Investment Bank, EQT Ventures and EQT, and 1 more on record. ### How much has Varjo raised? Varjo has raised $37M across 2 rounds since 2018. ### When did Varjo last raise? Varjo's most recent round was a Debt of $5.9M in Aug 2025. ### What was Varjo's biggest round? Varjo's largest round on record is $31M (Series B), in Oct 2018. ### Who backed Varjo first? Varjo's first round on record, in Oct 2018, was backed by Lifeline Ventures, EQT and Atomico/ Next47. ### What stage is Varjo at? Varjo's latest named round is a Debt, in Aug 2025. ### Where is Varjo based? Varjo is based in Finland. ## Companies like Varjo In the same sector, and raised in the last eighteen months. [**XRHealth** $23M · Sept 2026](https://millionrounds.com/company/xrhealth)[**Provision Surgical** $250K · Sept 2026](https://millionrounds.com/company/provision-surgical)[**Virtualitics** $36M · Sept 2026](https://millionrounds.com/company/virtualitics)[**KIT-AR** $9.7M · Aug 2026](https://millionrounds.com/company/kit-ar)[**Avatar Robotics** $6.5M · Aug 2026](https://millionrounds.com/company/avatar-robotics)[**Tap Systems** $71K · Jul 2026](https://millionrounds.com/company/tap-systems) ## Find investors like these Search every investor by what they have actually funded, then narrow to your stage and market. Free. Open the investor searchOr these rounds in the app