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Nexit Ventures

Founders Artturi Tarjanne Michel Wendell

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Investments

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

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Total investments 30
Average round size
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The average size of a deal this fund participated in
$8M
Portfolio companies 20
Rounds per year 1.30
Lead investments 13
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.33
Exits 13
Key employees 6
Stages of investment
Early Stage Venture
Late Stage Venture

Areas of investment

  • Software
  • Mobile
  • Wireless
  • Telecommunications
  • Real Time
Summary

In 1999 was created Nexit Ventures, which is appeared as VC. The fund was located in Europe if to be more exact in Finland. The leading representative office of defined VC is situated in the Helsinki.

The usual cause for the fund is to invest in rounds with 3 partakers. Despite the Nexit Ventures, startups are often financed by DFJ, Azure Capital Partners, 3i Group. The meaningful sponsors for the fund in investment in the same round are Noventi Ventures, First Fellow Partners, 3i Group. In the next rounds fund is usually obtained by Noventi Ventures, Mobius Venture Capital, 3i Group.

Besides, a startup needs to be aged 4-5 years to get the investment from the fund. Among the various public portfolio startups of the fund, we may underline SkyPilot Networks, Blyk, Fuugo The fund has specific favorite in a number of founders of portfolio startups. When startup sums 4 or 5+ of the founder, the probability for it to get the investment is little. For fund there is no match between the country of its foundation and the country of its the most frequent investments - United States. Among the most popular fund investment industries, there are Telecommunications, Real Time.

The increased amount of exits for fund were in 2009. The fund is constantly included in less than 2 deals per year. Deals in the range of 5 - 10 millions dollars are the general things for fund. Speaking about the real fund results, this VC is 37 percentage points more often commits exit comparing to other organizations. The high activity for fund was in 2009. This Nexit Ventures works on 14 percentage points more the average amount of lead investments comparing to the other organizations.

The current fund was established by Artturi Tarjanne, Michel Wendell. We also calculated 6 valuable employees in our database.

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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Rightware Oy

Automotive
Linux
Mobile
Real Time
Software
$5M14 May 2013 Espoo, Uusimaa, Finland

Rightware Oy

Automotive
Linux
Mobile
Real Time
Software
$3M07 Jan 2010 Espoo, Uusimaa, Finland

Rightware - Benchmarking

Consumer
31 Dec 2009 Helsinki, Southern Finland, Finland

42streams.com

Advertising
Broadcasting
Digital Entertainment
Digital Media
DRM
Software
Video on Demand
Video Streaming
$3M21 Jan 2009 Turku, Western Finland, Finland

HDmessaging

Location Based Services
Mobile
Social Network
$9M01 Jan 2009 California, United States

Funambol

Cloud Data Services
Mobile
Wireless
$12M17 Jun 2008 California, United States

Ekahau

Computer
Enterprise Software
Software
Wireless
$16M31 Oct 2006 Reston, Virginia, United States

Ecrio

Operating Systems
Real Time
Software
$3M02 Aug 2005 Cupertino, California, United States

SkyPilot Networks

VoIP
Web Hosting
Wireless
$15M16 May 2005 San Jose, California, United States

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Total investments 30
Average round size 8M
Rounds per year 1.30
Peak activity year 2004
Lead investments 13
Follow on index 0.33
Exits 13
Group Appearance index 0.77

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Rightware Oy

Automotive
Linux
Mobile
Real Time
Software
$5M14 May 2013 Espoo, Uusimaa, Finland

Rightware Oy

Automotive
Linux
Mobile
Real Time
Software
$3M07 Jan 2010 Espoo, Uusimaa, Finland

Rightware - Benchmarking

Consumer
31 Dec 2009 Helsinki, Southern Finland, Finland

42streams.com

Advertising
Broadcasting
Digital Entertainment
Digital Media
DRM
Software
Video on Demand
Video Streaming
$3M21 Jan 2009 Turku, Western Finland, Finland

HDmessaging

Location Based Services
Mobile
Social Network
$9M01 Jan 2009 California, United States

Funambol

Cloud Data Services
Mobile
Wireless
$12M17 Jun 2008 California, United States

Ekahau

Computer
Enterprise Software
Software
Wireless
$16M31 Oct 2006 Reston, Virginia, United States

Ecrio

Operating Systems
Real Time
Software
$3M02 Aug 2005 Cupertino, California, United States

SkyPilot Networks

VoIP
Web Hosting
Wireless
$15M16 May 2005 San Jose, California, United States
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