# Kaj Hed

> Kaj Hed is a seed investor at Rovio Entertainment Corporation backing Advertising and Internet. See 4 investments, check sizes, portfolio. Updated Aug 2026.

- Type: Angel Investor
- Fund: [Rovio Entertainment Corporation](https://shizune.co/investors/profile/rovio-entertainment)
- Total investments: 4
- Last investment: Jun 2020
- Lead investor: 50%
- Last updated: Aug 2026
- LinkedIn: http://www.linkedin.com/pub/kaj-hed/5/1b0/476
- X (Twitter): http://twitter.com/kajhed
- Facebook: http://www.facebook.com/kaj.hed.9

Kaj Hed is a seed investor at Rovio Entertainment Corporation focused on Advertising and Internet. Kaj Hed is Chairman at Rovio Entertainment.

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $5M–$5.8M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Advertising | 2 | 50% |
| Internet | 1 | 25% |
| Software | 1 | 25% |
| Marketing | 1 | 25% |
| Direct Sales | 1 | 25% |

7 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 2 | 50% |
| Series A | 1 | 25% |
| Venture - Series Unknown | 1 | 25% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Sweden | 1 | 25% |
| Finland | 1 | 25% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Velory | Velory builds a platform that connects digital brands with small and medium-sized businesses. It is powered by machine learning that provides digital solutions and a distribution partner. They identify the most relevant solutions for businesses and make sure that they work seamlessly together. | $7M | Venture - Series Unknown | Jun 01, 2020 |  |
| Velory | Velory builds a platform that connects digital brands with small and medium-sized businesses. It is powered by machine learning that provides digital solutions and a distribution partner. They identify the most relevant solutions for businesses and make sure that they work seamlessly together. | $5M | Seed | Sep 01, 2015 |  |
| Kiosked | Kiosked is an independent advertising automation platform company for native, in­view digital advertising. Kiosked dynamically turns publisher’s content into high performing ad placements, solving the industry’s major issues around ad viewability, relevancy, and performance of ads. Kiosked has been selected as one of the world’s best technologycompanies. Headquartered and founded in Helsinki, Finland, Kiosked today has offices in 9 countries around the world. | $9.2M | Series A | Sep 18, 2013 |  |
| Kiosked | Kiosked is an independent advertising automation platform company for native, in­view digital advertising. Kiosked dynamically turns publisher’s content into high performing ad placements, solving the industry’s major issues around ad viewability, relevancy, and performance of ads. Kiosked has been selected as one of the world’s best technologycompanies. Headquartered and founded in Helsinki, Finland, Kiosked today has offices in 9 countries around the world. | $5.8M | Seed | Jun 19, 2012 |  |

4 of 4 investments shown.

## Co-investors
- [MOOR](https://shizune.co/investors/profile/moor) — VC Fund, 1 deal together
- [Northzone](https://shizune.co/investors/profile/northzone-ventures) — VC Fund, 1 deal together
- [Salesforce Ventures](https://shizune.co/investors/profile/salesforce-ventures) — VC Fund, 1 deal together

## About Rovio Entertainment Corporation

VC Fund · Espoo, Finland

Rovio Entertainment is an entertainment media company that develops, publishes, and distributes video games. The company is best known for creating the Angry Birds franchise.Rovio has launched several games under the Angry Birds brand for different platforms: Angry Birds, Angry Birds Seasons, Angry Birds Rio, Angry Birds Space, Angry BirdsFriends, Amazing Alex, Bad Piggies, Angry Birds Star Wars, Angry Birds Star Wars II, Angry Birds GO, Angry Birds Stella, and Angry Birds Transformers. Bounce Evolution, Formula GP Racing, Paid to Kill, Collapse Chaos, Cyber Blood, Wolf Moon, Sumea Ski Jump, and Shopping Madness are some of the other games developed by Rovio Entertainment.Rovio Entertainment was founded in 2003 and is based in Espoo, Finland.

5 contacts available at Rovio Entertainment Corporation.

| Name | Title | Profile |
| --- | --- | --- |
| Kaj Hed | chairman | https://shizune.co/investors/profile/kaj-hed |
| Jarkko Rajamaki | Senior VP of Studios | https://shizune.co/investors/profile/jarkko-rajamaki |
| Matthieu Burleraux | Senior Director of Live Operations | https://shizune.co/investors/profile/matthieu-burleraux |
| Michail Katkoff | Head of Studio | https://shizune.co/investors/profile/michail-katkoff |
| Peter Grabarchuk | Puzzle Content Provider | https://shizune.co/investors/profile/peter-grabarchuk |

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## FAQ

### What does Kaj Hed invest in?

Kaj Hed invests primarily in Advertising, Internet and Software startups, most often at Seed and Series A stage. Most of the 4 investments tracked by Shizune back companies in Sweden. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Kaj Hed's check size?

Kaj Hed typically joins rounds of $5M–$5.8M at Seed. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Kaj Hed participates in.

### When did Kaj Hed last invest?

The most recent investment recorded for Kaj Hed closed in Jun 2020. 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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