# Vendep Capital: portfolio, investments and team

> Vendep Capital is a vc firm based in Finland. 32 investments on record, 5 in the last 12 months, latest Oct 2026. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/vendep-capital (Millionrounds; every figure on the page links to its filing or article)

Finland · [Investor](https://millionrounds.com/investors)

# Vendep Capital

Last cheque observed Oct 2026; 32 cheques on record.

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Deploying now New fund $90M, Nov 2025 VC firm

Series A Series B SaaS Subscription Recurring

Follow Vendep Capital and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fvendep-capital)

Deploying now

**56%** of best year **5** **cheques in 12 months**, 32 on record

Since the last cheque **18** days **00** hrs **00** min **00** sec

Median round **$3.0M** Cheque size, as they say **$600K – $1.2M** Rounds led **3 of 32** Sole investor **8 rounds** Mostly in **Finland, 45%**

Pitch Vendep Capital

## Vendep Capital highlights

- 01 5 cheques in the last 12 months
- 02 Mostly Seed and Venture: 58% of its rounds
- 03 Sole investor in 8 rounds, median $2.8M

## What they do

> We back early-stage B2B SaaS founders in the Nordics & Baltics with capital, expertise, and long-term partnership. From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** $600K – $1.2M as they say
- **Stages:** Series A Series B
- **Sectors:** SaaS Subscription Recurring
- **Based in:** Espoo, Finland
- **Cold pitches:** Accepted

## The record

Every round we can evidence, newest first **32 appearances**

- **2026** 5 rounds
- **Oct** **[SmallClaims](https://millionrounds.com/company/smallclaims)** Seed · DK · ArcticStartup **$2.2M** *Led*
- **Sept** **[EnforceShield](https://millionrounds.com/company/enforceshield)** Seed · LT · ArcticStartup **$2.0M** *Led*
- **Jun** **[GitHits](https://millionrounds.com/company/githits)** Pre-seed · US · Firms' own news pages **$1.8M** With 4 others
- **Mar** **[Test of Things](https://millionrounds.com/company/test-of-things)** Pre-seed · FI **$1.4M** With 1 other
- **Jan** **[Agileday](https://millionrounds.com/company/agileday)** Series A · FI **$7.5M** With 3 others
- **2025** 4 rounds
- **May** **[Inven](https://millionrounds.com/company/inven)** Series A · FI · TechStartups **$13M** *Led*
- **May** **[PromoRepublic](https://millionrounds.com/company/promorepublic)** Grant · FI **$100K** With 4 others
- **Mar** **[Bookboost](https://millionrounds.com/company/bookboost)** Venture · SE **$3.8M** Sole investor
- **Jan** **[Behavix Inc.](https://millionrounds.com/company/behavix-inc)** Seed · FI **$2.5M** With 1 other
- **2024** 8 rounds
- **Dec** **[Hostaway](https://millionrounds.com/company/hostaway)** Growth · CA · TechCrunch **$365M** With 5 others
- **Oct** **[Eyeball](https://millionrounds.com/company/eyeball)** Seed · CZ **$5.4M** Sole investor
- **Aug** **[Mazepay](https://millionrounds.com/company/mazepay)** Venture · DK **$1.9M** With 1 other
- **Jul** **[Cluby](https://millionrounds.com/company/cluby)** Seed · FI **$3.1M** Sole investor
- **May** **[Claimlane](https://millionrounds.com/company/claimlane)** Seed · DK **$2.0M** Sole investor
- **Apr** **[myPlane](https://millionrounds.com/company/myplane)** Venture · FI **$1.1M** With 1 other
- **Apr** **[HappySignals](https://millionrounds.com/company/happysignals)** Venture · FI **$13M** With 1 other
- **Mar** **[PatentRenewal.com](https://millionrounds.com/company/patentrenewal-com)** Venture · DK **$1.1M** With 2 others
- **2023** 1 round
- **Jun** **[Hopsworks](https://millionrounds.com/company/hopsworks)** Series B · SE **$6.5M** With 3 others
- **2022** 4 rounds
- **Jul** **[Happeo](https://millionrounds.com/company/happeo)** Series B · FI **$26M** With 1 other
- **Mar** **[My Telescope](https://millionrounds.com/company/my-telescope)** Pre-seed · SE **$2.8M** Sole investor
- **Feb** **[Videoly](https://millionrounds.com/company/videoly)** Series A · FI **$6.8M** With 1 other
- **Jan** **[Woomio](https://millionrounds.com/company/woomio)** Series A · DK **$5.2M** With 2 others
- **2021** 1 round
- **Sept** **[Trustmary](https://millionrounds.com/company/trustmary)** Seed · FI **$1.3M** With 1 other
- **2019** 4 rounds
- **Nov** **[Uploadcare](https://millionrounds.com/company/uploadcare)** US · FinSMEs **$1.7M** With 3 others
- **Sept** **[AppFollow](https://millionrounds.com/company/appfollow)** FI · FinSMEs **$1.1M** With 1 other
- **Jul** **[Xolo](https://millionrounds.com/company/xolo)** Series A · EE · FinSMEs **$6.8M** With 2 others
- **Apr** **[Leadfeeder](https://millionrounds.com/company/leadfeeder)** Series A · FI · FinSMEs **$3.5M** With 2 others
- **2018** 2 rounds
- **Nov** **[Hostaway](https://millionrounds.com/company/hostaway)** Seed · CA · BetaKit **$1.9M** Sole investor
- **Jul** **[Happeo](https://millionrounds.com/company/happeo)** FI · FinSMEs **$8.0M** With 2 others
- **2016** 1 round
- **Jun** **[AlphaSense](https://millionrounds.com/company/alphasense)** **$33M** With 3 others
- **2015** 2 rounds
- **Apr** **[Sumoware](https://millionrounds.com/company/sumoware)** Venture · US **Undisclosed** Sole investor
- **Mar** **[Surveypal](https://millionrounds.com/company/surveypal)** Seed · US **$1.0M** With 3 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

We hold **11** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

Who backs their funds

## 2 LPs on record in Vendep Capital's funds

- **Funds:** 2

The institutions that put money into its funds, which the firm then invests in companies. Source: an LP list and fund news.

- [**Elo Mutual Pension Insurance Company** 1 fund](https://millionrounds.com/fund/elo) Fund Vintage Committed Vendep Capital - -
- [**Tesi** 1 fund](https://millionrounds.com/fund/tesi) Fund Vintage Committed Vendep Capital Fund IV - -

## What they claim to have backed

From their own portfolio page (on their website)

**27** of 39 we have independently watched raise

[Agileday](https://millionrounds.com/company/agileday)[Alpha-sense](https://millionrounds.com/company/alphasense)[Appfollow](https://millionrounds.com/company/appfollow)[Bookboost](https://millionrounds.com/company/bookboost)[Claimlane](https://millionrounds.com/company/claimlane)[Cluby](https://millionrounds.com/company/cluby)[Complir](https://millionrounds.com/company/complir)[Enforceshield](https://millionrounds.com/company/enforceshield)[Eyeball](https://millionrounds.com/company/eyeball)[Gbuilder](https://millionrounds.com/company/gbuilder)[Githits](https://millionrounds.com/company/githits)[Happeo](https://millionrounds.com/company/happeo)[Happysignals](https://millionrounds.com/company/happysignals)[Hopsworks](https://millionrounds.com/company/hopsworks)[Hostaway](https://millionrounds.com/company/hostaway)[Inven](https://millionrounds.com/company/inven)[Leadfeeder](https://millionrounds.com/company/leadfeeder)[Mazepay](https://millionrounds.com/company/mazepay)[Myplane](https://millionrounds.com/company/myplane)[Mytelescope](https://millionrounds.com/company/my-telescope)[Surveypal](https://millionrounds.com/company/surveypal)[Testofthings](https://millionrounds.com/company/test-of-things)[Trustmary](https://millionrounds.com/company/trustmary)[Uploadcare](https://millionrounds.com/company/uploadcare)[Utopiaanalytics](https://millionrounds.com/company/utopia-analytics)[Vividworks](https://millionrounds.com/company/vividworks)[Xolo](https://millionrounds.com/company/xolo) Avesnetsec Behavix Brella Giosg Kolsquare welcomes Woomio Medixine Patentrenewal Savantiq Startupsmagazine Syncle Volaris Group Acquires Zoined

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

New fund on file

**$90M**

raised in Nov 2025

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Series A Series B

Median round joined **$3.0M** the round, not its cheque Alone, median **$2.8M**

Led 3 of 32 rounds **9%**

- **Said size:** $600K – $1.2M
- **Sole investor:** 8 rounds
- **Last cheque:** Oct 2026

Rounds by stage said on their site

- Seed *9*
- Venture *6*
- Series A said *6*
- Pre-seed *3*
- Series B said *2*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Business Finland](https://millionrounds.com/fund/business-finland) 7
- [DN Capital](https://millionrounds.com/fund/dn-capital) 2

**Pitching Vendep Capital?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

The investors most often in the same rounds as Vendep Capital. A count of rooms they were both in, not a relationship either has claimed.

[**Business Finland** Accelerator **7** rounds together](https://millionrounds.com/fund/business-finland)[**DN Capital** VC firm **2** rounds together](https://millionrounds.com/fund/dn-capital)

## Recently backed

The latest companies Vendep Capital put money into.

[**EnforceShield** $2.0M · Sept 2026](https://millionrounds.com/company/enforceshield)[**GitHits** $1.8M · Jun 2026](https://millionrounds.com/company/githits)[**Test of Things** $1.4M · Mar 2026](https://millionrounds.com/company/test-of-things)[**Agileday** $7.5M · Jan 2026](https://millionrounds.com/company/agileday)[**Inven** $13M · May 2025](https://millionrounds.com/company/inven)[**PromoRepublic** $100K · May 2025](https://millionrounds.com/company/promorepublic)

## Quick answers about Vendep Capital

### What does Vendep Capital invest in?

Vendep Capital invests most often at Seed and Venture (58% of the rounds on record), in sectors such as SaaS, Subscription and Recurring.

### How active is Vendep Capital?

32 investments on record, 5 of them in the last 12 months, and it led 3. The most recent was in Oct 2026.

### What has Vendep Capital invested in recently?

Its most recent investments on record: SmallClaims (Seed, Oct 2026), EnforceShield (Seed, Sept 2026) and GitHits (Pre-seed, Jun 2026).

### How big are Vendep Capital's cheques?

The median round it joins is $3.0M. It says it writes cheques of $600K to $1.2M.

### Does Vendep Capital lead rounds?

Sometimes: it led 3 of its 32 investments on record (9%).

### Where does Vendep Capital invest?

Most of the companies it backs are in Finland (45%), Denmark (16%) and the United States (13%).

### Is Vendep Capital investing now?

Yes: it is actively investing, with 5 investments in the last 12 months.

### Who does Vendep Capital invest alongside?

Most often Business Finland (7 rounds together) and DN Capital (2 rounds together).

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Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=vendep-capital) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=vendep-capital)