Finnish Industry Investment – Investment in Varjo

We advised Finnish Industry Investment Tesi in their investment in the virtual/mixed reality company Varjo Technologies Oy. Varjo, the leader in industrial-grade VR/XR hardware and software, closed a round of Series C funding worth 46 million euros. Tesi, NordicNinja, and Swisscanto Invest by Zürcher Kantonalbank are among the new investors contributing to the round, in addition to follow-on investment participation from existing investors including Lifeline Ventures, Atomico, EQT Ventures and Volvo Cars Tech Fund.

Based in Helsinki, Varjo is creating the world’s most advanced VR/XR hardware and software for industrial use, merging the real and virtual worlds seamlessly together in human-eye resolution.

Finnish Industry Investment Tesi, is a state-owned investment company that wants to raise Finland to the front ranks of renewing economic growth by investing in funds and directly in companies. Tesi invests profitably and responsibly, hand-in-hand with co-investors, to create the world’s new success stories. The investments managed by Tesi total 1.3 billion euros.