When was Varjo founded?

Varjo was founded in 2016 and raised its 1st funding round 1 year after it was founded.

Where is Varjo located?

Varjo is headquartered in Helsinki, Finland.

How many employees does Varjo have?

As of Jun 30, 2026, the latest employee count at Varjo is 215.

Is Varjo a funded company?

Varjo is a funded company, having raised a total of $149M across 13 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on Sep 29, 2017.

When was the latest funding round of Varjo?

Varjo's latest funding was a $***** Series D round on Aug 25, 2025, with participation from 1 investor.

Where does Varjo rank among its competitors?

Varjo ranks 2nd amongst 114 active competitors, of which 25 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was Varjo, which secured $5.86M in Aug, 2025.

Who are the top competitors of Varjo?

Varjo's top competitors include Oculus, Red 6 and Lynx. Among them, Varjo secured the most recent funding round in August, 2025.

Varjo - 2026 Company Profile, Team, Funding & Competitors

Varjo is a series D company based in Helsinki (Finland), founded in 2016 by Urho Konttori and Klaus Melakari. It operates as a Provider of virtual reality headsets. Varjo has raised $149M in funding from investors like Atomico, Zurcher Kantonalbank and Foxconn Electronics. The company has 114 active competitors, including 25 funded and 8 that have exited. Its top competitors include companies like Oculus, Red 6 and Lynx.

Company Details

Provider of virtual reality headsets. It enables users to experience virtual and augmented reality content and train, create and learn in superimposed or virtual environments. It caters to simulation, architecture, 3D model designing, medical, and other applications.

Website: varjo.com
Social
Email ID: *****@varjo.com, *****@varjo.com
Phone Number: +358 **********

Key Metrics

Founded Year

2016

Location

Helsinki, Finland

Stage

Series D

Total Funding

$149M in 13 rounds

Latest Funding Round

Series D, Aug 25, 2025, $*****

Investors

Atomico & 27 more

Ranked

2^nd among 114 active competitors

Employee Count

215 as on Jun 30, 2026

Similar Companies

Oculus & 128 more

View Varjo's full profile

Varjo has raised a total funding of $149M over 13 rounds. Its first funding round was on Sep 29, 2017. Its latest funding round was a Series D round on Aug 25, 2025 for $*****. 1 investor participated in its latest round. Varjo has 27 institutional investors and 1 angel investor.

Here is the list of recent funding rounds of Varjo:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Aug 25, 2025	2178490	Series D	1282770	8656305	1175668	7321467
Sep 01, 2023	7698690	Grant (prize money)	1898293	1216436	6847283	Europa
Apr 03, 2023	5154754	Series D	8759953	1237872	Nordic Secondary Fund	6407650

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View details of Varjo's funding rounds and investors

The founders of Varjo are Urho Konttori and Klaus Melakari. Timo Toikkanen is the CEO of Varjo.

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

Urho Konttori: Co-Founder of Varjo. They are also an angel investor in 1 startup.
Contact Info: 1 email address
Klaus Melakari: Former Co-Founder & CTO of Varjo and founder of 1 other company.
Timo Toikkanen: CEO of Varjo.
Contact Info: 1 email address

View details of Varjo's Founder profiles and Board Members

Varjo's employee count trend

Varjo has 215 employees as of Jun 26. Here is Varjo's employee count trend over the years:

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Top competitors of Varjo include Oculus, Red 6 and Lynx. Here is the list of Top 10 competitors of Varjo, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Oculus 2012, Menlo Park (United States), Acquired	Provider of VR-based head-mounted displays	$107M	Spark Capital, Andreessen Horowitz & 11 others	83/100
2nd	Varjo 2016, Helsinki (Finland), Series D	Provider of virtual reality headsets	$149M	Kreos Capital, Foxconn Electronics & 26 others	70/100
3rd	Red 6 2018, Santa Monica (United States), Series B	Developer of AR-based combat training systems	$109M	Snowpoint Ventures, redcell.com & 22 others	63/100
4th	Lynx 2019, Paris (France), Series A	Manufacturer of mixed reality headsets	$6.8M	Somnium Space, Latitude & 2 others	54/100
5th	Visor 2016, San Francisco (United States), Series B	Provider of AR based headsets	$33.5M	Obvious Ventures, Defy & 12 others	53/100
6th	QWR Interactive Solutions 2017, Pune (India), Seed	Developer of virtual reality hardware and software for enterprise solutions	$1.23M	Anantadrishti Ventures, Nemi Advisors & 35 others	53/100
7th	Zappar 2011, London (United Kingdom), Series A	Developer of augmented reality software, hardware, and assistive technology solutions	$3.75M	Hargreave Hale, Canaccord Genuity Group & 29 others	51/100
8th	ThreyeInc 2012, Delhi (India), Seed	Game development studio	-	Newspace Research and Technologies, IIMA Ventures ... & 2 others	50/100
9th	WorldViz 2002, Santa Barbara (United States), Series A	Developer of VR visualization and simulation platforms and headsets	$6.24M	Intel, Entrada Ventures & 4 others	48/100
10th	AjnaLens 2014, Mumbai (India), Seed	Manufacturer of mixed reality headset	$13.8M	Nsm Properties, LetsVenture & 69 others	47/100