# Vendep Capital

> Vendep Capital is a VC fund in Espoo backing SaaS and Software. See 48 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Espoo, Finland
- Total investments: 48
- Last investment: Jun 2026
- Lead investor: 52%
- Fund size: $82M
- Last fund: Apr 2021
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/vendepcapital/
- X (Twitter): https://twitter.com/vendepcapital
- Website: https://www.vendep.com

Vendep Capital is a B2B SaaS specialist VC operating in Nordics and Baltics. We invest in the best early-stage software entrepreneurs. Our first ticket is 0.1–3M euros depending on the company’s stage. e support the brilliant startup founders by leveraging our extensive SaaS expertise and global networks to expedite their growth.

## Contacts

5 contacts available for Vendep Capital. Shizune tracks 5 team members at Vendep Capital. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/vendepcapital?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $713k–$5.4M |
| Pre-Seed | $106k–$2.8M |
| Series A | $3.9M–$13M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| SaaS | 11 | 23% |
| Software | 11 | 23% |
| Information Technology | 10 | 21% |
| Analytics | 8 | 17% |
| B2B | 5 | 10% |

74 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 16 | 33% |
| Series A | 10 | 21% |
| Pre-Seed | 5 | 10% |
| Funding Round | 5 | 10% |
| Venture - Series Unknown | 4 | 8% |

6 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Finland | 17 | 35% |
| Denmark | 5 | 10% |
| United States | 5 | 10% |
| Sweden | 3 | 6% |
| Canada | 2 | 4% |

7 countries tracked in total.

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Jupe Arala | Partner | 6 | https://shizune.co/investors/profile/jupe-arala |
| Sakari Pihlava | Partner | 6 | https://shizune.co/investors/profile/sakari-pihlava |
| Sami Ahvenniemi | Partner | 12 | https://shizune.co/investors/profile/sami-ahvenniemi |
| Timo Felin | Principal | 2 | https://shizune.co/investors/profile/timo-felin |
| Hannu Kytölä | General Partner | 0 | https://shizune.co/investors/profile/hannu-kyt%C3%B6l%C3%A4 |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| GitHits | GitHits gives AI coding agents access to open-source code | $1.8M | Pre-Seed | Jun 16, 2026 |  |
| Test of Things | Test of Things is to protect customers and society from cyber incidents by making IoT cybersecurity easy and automated. They are building a cloud service that automates security testing so customers can ship secure, compliant products with peace of mind.Their platform integrates security into the development lifecycle, enabling continuous testingthat lowers risks and costs while enhancing reputation. | $1.4M | Pre-Seed | Mar 31, 2026 |  |
| Agileday | SaaS Operating Platform for Knowledge Work | $7.5M | Series A | Jan 23, 2026 |  |
| Complir | Complir is a compliance platform tailored for the retail sector, assisting businesses in managing regulations and ensuring product compliance throughout the design and delivery process. It consolidates product data to ensure regulatory adherence and improve transparency across the supply chain. The platform helps retailers maintain standards andstay informed about regulatory updates by automating reporting and simplifying data management. Complir supports retailers in improving compliance and operational efficiency in their product offerings.https://www.complir.io/ | $2M | Pre-Seed | Dec 01, 2025 |  |
| Inven | Inven is an AI company that develops B2B SaaS solutions for M&A, private equity, and management consulting professionals. Its key source of value creation is based on our state-of-the-art artificial intelligence and machine learning models that enable us to leverage vast amounts of unstructured data sources at scale. | $12.6M | Series A | May 28, 2025 |  |
| Bookboost | Bookboost Hospitality’s Customer Experience Platform is the hospitality’s leading industry provider for digital communication, creating a cost-efficient and contactless journey that enables guests to enjoy instant service from their phone from time of reservation to check out. | $3.8M | Venture - Series Unknown | Mar 03, 2025 |  |
| Behavix Inc. | Behavix Inc. is a pioneering company dedicated to revolutionizing the collection, processing, and utilization of behavioral data. Founded in 2023 by industry veterans Hannu Verkasalo and Surath Chatterji, Behavix provides innovative AI-powered solutions that enable businesses to make data-driven decisions with real-time, high-quality insights. Withits unique Behavioral Data as a Service model, Behavix is set to disrupt the market research industry and lead the next wave of innovation in consumer data analytics. | $2.5M | Seed | Jan 08, 2025 |  |
| Eyeball | Eyeball operates as a digital platform for youth football. | $5.4M | Seed | Oct 16, 2024 |  |
| Mazepay | Mazepay is a payment and process integration solution. The global go-to-market strategy of the company is centered on strategic collaborations with leading commercial banks and Mastercard. | $1.9M | Venture - Series Unknown | Aug 29, 2024 |  |
| Cluby | Cluby is a technology platform that provides restaurants with the best tools for managing and communicating with loyal consumers. | $3.1M | Seed | Jul 02, 2024 |  |

10 of 48 investments shown.

## Co-investors
- [Business Finland](https://shizune.co/investors/profile/tekes) — VC Fund, 5 deals together
- [Superhero Capital](https://shizune.co/investors/profile/superhero-cap) — VC Fund, 4 deals together
- [Maki.vc](https://shizune.co/investors/profile/maki-vc) — VC Fund, 3 deals together
- [Nauta Capital](https://shizune.co/investors/profile/nauta-capital) — VC Fund, 3 deals together
- [Specialist VC](https://shizune.co/investors/profile/united-angels-vc) — VC Fund, 3 deals together
- [Business Finland](https://shizune.co/investors/profile/business-finland) — VC Fund, 2 deals together

## Similar investors

### Similar industry
- [Antler](https://shizune.co/investors/profile/antler-be9c) — VC Fund
- [Alumni Ventures](https://shizune.co/investors/profile/alumni-ventures-group) — VC Fund
- [Soma Capital](https://shizune.co/investors/profile/soma-capital) — VC Fund

### Similar stage
- [Antler](https://shizune.co/investors/profile/antler-be9c) — VC Fund
- [Alumni Ventures](https://shizune.co/investors/profile/alumni-ventures-group) — VC Fund
- [Right Side Capital Management](https://shizune.co/investors/profile/right-side-capital-management) — VC Fund

### Similar country
- [Business Finland](https://shizune.co/investors/profile/tekes) — VC Fund
- [Lifeline Ventures](https://shizune.co/investors/profile/lifeline-ventures) — VC Fund
- [Tesi](https://shizune.co/investors/profile/tesi) — VC Fund

## Featured in investor lists
- [All Investors in Finland](https://shizune.co/investors/investors-finland)
- [All VC Funds in Finland](https://shizune.co/investors/vc-funds-finland)
- [SaaS Investors in Finland](https://shizune.co/investors/saas-investors-finland)
- [SaaS VC Funds in Finland](https://shizune.co/investors/saas-vc-funds-finland)
- [Enterprise VC Funds in Finland](https://shizune.co/investors/enterprise-vc-funds-finland)
- [Software Investors in Finland](https://shizune.co/investors/software-investors-finland)

## FAQ

### What does Vendep Capital invest in?

Vendep Capital invests primarily in SaaS, Software and Information Technology startups, most often at Seed and Series A stage. Most of the 48 investments tracked by Shizune back companies in Finland. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Vendep Capital's check size?

Vendep Capital typically joins rounds of $713k–$5.4M at Seed, $106k–$2.8M at Pre-Seed and $3.9M–$13M at Series A. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Vendep Capital participates in.

### How do I contact Vendep Capital?

Public channels for Vendep Capital include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at Vendep Capital?

The team at Vendep Capital includes Jupe Arala (Partner), Sakari Pihlava (Partner) and Sami Ahvenniemi (Partner). The Team section lists each member with their title, investment count and links.

### 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.

# About Shizune
Shizune.co is an investor database. Core features:
- 48,091 startup investors (angels, VCs, accelerators, and others)
- Email, phone, LinkedIn (for intros), socials, and other contact data
- Updated daily from public funding news
- CSV and Excel export

The User can access the full database FOR FREE after signing up: shizune.co