# Hannu Jungman

> Hannu Jungman is a seed investor at Innovestor (Helsinki) backing Software and Mobile Apps. See 4 investments, check sizes, portfolio. Updated Aug 2026.

- Type: Angel Investor
- Fund: [Innovestor](https://shizune.co/investors/profile/innovestor)
- Location: Helsinki, Finland
- Total investments: 4
- Last investment: Sep 2024
- Lead investor: 25%
- Last updated: Aug 2026
- LinkedIn: https://fi.linkedin.com/in/hannujungman
- X (Twitter): http://twitter.com/jungman
- Website: https://x.com/jungman
- Facebook: https://www.facebook.com/hannu.jungman

Hannu Jungman is a seed investor at Innovestor in Helsinki focused on Software and Mobile Apps. Hannu Jungman is based out of Helsinki, Uusimaa and is the partner, Innovestor Ventures of Innovestor. Hannu previously worked at Finnvera Venture Capital as a manager. Hannu Jungman attended Tampere University. Hannu Jungman is certified in the Elements of AI.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Software | 1 | 25% |
| Mobile Apps | 1 | 25% |
| Enterprise Software | 1 | 25% |
| Information Technology | 1 | 25% |

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 1 | 25% |
| Series A | 1 | 25% |
| Funding Round | 1 | 25% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Dobbelgänger | Developer and manufacturer of advanced military decoy technologies | $1M | Seed | Sep 18, 2024 |  |
| Bitbar | Bitbar is a technology and service company that offers mobile app and game developers with automated software build and test environments. Its portfolio of products includes Testdroid Cloud: an online service for testing applications on real Android and iOS devices; Testdroid Enterprise: an in-house software solution for managing all aspects ofautomated testing on multiple real Android and iOS devices simultaneously; Testdroid PrivateCloud: a cloud-based Devices-as-a-Service that enables companies to access pre-selected real Android and iOS devices for app development and testing; and Testdroid Recorder: a tool for recording user actions, generating reusable Android JUnit test cases, and running them in Testdroid Cloud. Its portfolio of resources includes research papers, eBooks, webinars, slides, and videos.Bitbar has customers from various industries such as gaming, utilities, technology, e-commerce, mobile and communications, social media, and lifestyle. Facebook, Rovio, Avast, Google, Mozilla, eBay, PayPal, Deutsche Telekom, Skype, Flipboard, and Pinterest are some of its customers.Bitbar is operated from Helsinki, Finland. |  | Series A | May 21, 2015 |  |
| Bitbar | Bitbar is a technology and service company that offers mobile app and game developers with automated software build and test environments. Its portfolio of products includes Testdroid Cloud: an online service for testing applications on real Android and iOS devices; Testdroid Enterprise: an in-house software solution for managing all aspects ofautomated testing on multiple real Android and iOS devices simultaneously; Testdroid PrivateCloud: a cloud-based Devices-as-a-Service that enables companies to access pre-selected real Android and iOS devices for app development and testing; and Testdroid Recorder: a tool for recording user actions, generating reusable Android JUnit test cases, and running them in Testdroid Cloud. Its portfolio of resources includes research papers, eBooks, webinars, slides, and videos.Bitbar has customers from various industries such as gaming, utilities, technology, e-commerce, mobile and communications, social media, and lifestyle. Facebook, Rovio, Avast, Google, Mozilla, eBay, PayPal, Deutsche Telekom, Skype, Flipboard, and Pinterest are some of its customers.Bitbar is operated from Helsinki, Finland. | $3M |  | Apr 18, 2013 |  |
| Bitbar | Bitbar is a technology and service company that offers mobile app and game developers with automated software build and test environments. Its portfolio of products includes Testdroid Cloud: an online service for testing applications on real Android and iOS devices; Testdroid Enterprise: an in-house software solution for managing all aspects ofautomated testing on multiple real Android and iOS devices simultaneously; Testdroid PrivateCloud: a cloud-based Devices-as-a-Service that enables companies to access pre-selected real Android and iOS devices for app development and testing; and Testdroid Recorder: a tool for recording user actions, generating reusable Android JUnit test cases, and running them in Testdroid Cloud. Its portfolio of resources includes research papers, eBooks, webinars, slides, and videos.Bitbar has customers from various industries such as gaming, utilities, technology, e-commerce, mobile and communications, social media, and lifestyle. Facebook, Rovio, Avast, Google, Mozilla, eBay, PayPal, Deutsche Telekom, Skype, Flipboard, and Pinterest are some of its customers.Bitbar is operated from Helsinki, Finland. |  |  | Mar 12, 2012 |  |

4 of 4 investments shown.

## Co-investors
- [Creathor Ventures](https://shizune.co/investors/profile/creathor-venture-management) — VC Fund, 2 deals together
- [Molten Ventures](https://shizune.co/investors/profile/draper-esprit) — VC Fund, 2 deals together
- [FiBAN - Finnish Business Angels Network](https://shizune.co/investors/profile/fiban-finnish-business-angels-network) — VC Fund, 1 deal together
- [Inventure](https://shizune.co/investors/profile/inventure-oy) — VC Fund, 1 deal together
- [Lifeline Ventures](https://shizune.co/investors/profile/lifeline-ventures) — VC Fund, 1 deal together
- [Nordic Venture Partners (Sweden)](https://shizune.co/investors/profile/nordic-venture-partners) — VC Fund, 1 deal together

## About Innovestor

VC Fund · Helsinki, Finland

Innovestor is a nordic venture capital investor and financial services company. For investors, Innovestor offers attractive opportunities to invest in carefully selected growth companies. For growth companies, Innovestor offers funding at competitive terms and valuable insight from a team of experienced professionals and industry experts.Innovestor offices are located in Helsinki, Jyväskylä, Stockholm and Moscow. Innovestor Ltd. is supervised by Finnish Financial Supervisory Authority.

5 contacts available at Innovestor.

| Name | Title | Profile |
| --- | --- | --- |
| Hannu Jungman | Partner, Innovestor Ventures | https://shizune.co/investors/profile/hannu-jungman |
| Janne Juhola | Partner | https://shizune.co/investors/profile/janne-juhola |
| Myron Seto | Partner | https://shizune.co/investors/profile/myron-seto-b8af |
| Petri Laine | Managing Partner | https://shizune.co/investors/profile/petri-laine |
| Wilhelm Lindholm | Partner and CEO | https://shizune.co/investors/profile/wilhelm-lindholm |

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## FAQ

### What does Hannu Jungman invest in?

Hannu Jungman invests primarily in Software, Mobile Apps and Enterprise Software startups, most often at Seed and Series A stage. Most of the 4 investments tracked by Shizune back companies in Finland. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did Hannu Jungman last invest?

The most recent investment recorded for Hannu Jungman closed in Sep 2024. Shizune tracks 4 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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