When was SpinDrive founded?

SpinDrive was founded in 2015 and raised its 1st funding round 3 years after it was founded.

Where is SpinDrive located?

SpinDrive is headquartered in Lappeenranta, Finland.

How many employees does SpinDrive have?

As of Aug 31, 2026, the latest employee count at SpinDrive is 31.

Is SpinDrive a funded company?

SpinDrive is a funded company, having raised a total of $8.56M across 7 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on May 17, 2018.

When was the latest funding round of SpinDrive?

SpinDrive's latest funding was a $***** Series A round on Oct 28, 2025, with participation from 2 investors.

Where does SpinDrive rank among its competitors?

SpinDrive ranks 1st amongst 4 active competitors, of which 2 are funded. It stands 2nd in terms of total funding among its competitors. The most recent competitor to raise funding was SpinDrive, which secured an undisclosed amount in Oct, 2025.

Who are the top competitors of SpinDrive?

SpinDrive's top competitors include Synchrony, Bently Bearings and Sheng Yi Bearing Industries. Among them, SpinDrive secured the most recent funding round in October, 2025.

SpinDrive - 2026 Company Profile, Team, Funding & Competitors

SpinDrive is a series A company based in Lappeenranta (Finland), founded in 2015 by Teemu Sillanpaa, Janne Heikkinen, Nikita Uzhegov and Alexander Smirnov. It operates as a Company specializing in the design, prototyping, and serial production of active magnetic bearings. SpinDrive has raised $8.56M in funding from investors like Innovestor, Rhapsody Venture Partners and Arctic. The company has 4 active competitors, including 2 funded and 1 that has exited. Its top competitors are Synchrony, Bently Bearings and Sheng Yi Bearing Industries.

Company Details

Company specializing in the design, prototyping, and serial production of active magnetic bearings. It specialization in High-speed drivetrains, Control electronics, Power electronics, Sensors, and Actuators.

Website: spindrive.fi
Social
Email ID: *****@spindrive.fi
Phone Number: +358 **********

Key Metrics

Founded Year

2015

Location

Lappeenranta, Finland

Stage

Series A

Total Funding

$8.56M in 7 rounds

Latest Funding Round

Series A, Oct 28, 2025, $*****

Investors

Innovestor & 10 more

Ranked

1^st among 4 active competitors

Employee Count

31 as on Aug 31, 2026

Similar Companies

Synchrony & 2 more

View SpinDrive's full profile

SpinDrive has raised a total funding of $8.56M over 7 rounds. Its first funding round was on May 17, 2018. Its latest funding round was a Series A round on Oct 28, 2025 for $*****. 2 investors participated in its latest round. SpinDrive has 11 institutional investors.

Here is the list of recent funding rounds of SpinDrive:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Oct 28, 2025	4402935	Series A	4787884	9476539	8444644	7968278
Nov 08, 2023	3751743	Series A	6017804	9443962	3516143	Born2Grow & 1 more
Oct 21, 2021	4315053	Seed	6433619	8750261	Innovestor	Butterfly Ventures & 2 more

Access funding benchmarks and valuations. Sign up today!

View details of SpinDrive's funding rounds and investors

The founders of SpinDrive are Teemu Sillanpaa, Janne Heikkinen, Nikita Uzhegov and Alexander Smirnov. Janne Heikkinen is the CEO of SpinDrive.

Here are the details of SpinDrive's key team members:

Teemu Sillanpaa: Co-Founder of SpinDrive.
Contact Info: 1 email address
Janne Heikkinen: Co-Founder & CEO of SpinDrive.
Contact Info: 1 email address
Nikita Uzhegov: Co-Founder & COO of SpinDrive.
Contact Info: 1 email address
Alexander Smirnov: Co-Founder & CTO of SpinDrive.

View details of SpinDrive's Founder profiles and Board Members

SpinDrive's employee count trend

SpinDrive has 31 employees as of Aug 26. Here is SpinDrive's employee count trend over the years:

Uncover SpinDrive's growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of SpinDrive include Synchrony, Bently Bearings and Sheng Yi Bearing Industries. Here is the list of Top 10 competitors of SpinDrive, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	SpinDrive 2015, Lappeenranta (Finland), Series A	Company specializing in the design, prototyping, and serial production of active magnetic bearings	$8.56M	EIC Fund, MassChallenge & 9 others	49/100
2nd	Synchrony 1993, Salem (United States), Series B	Manufacturer of bearing	$10M	-	30/100
3rd	Bently Bearings 2014, Aston (United States), Acquired	Manufacturer of magnetic bearings	-	-	18/100
4th	Sheng Yi Bearing Industries Seri Kembangan (Malaysia), Unfunded	Provider of bearings, related components, and gas detectors for various industrial applications	-	-	16/100