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 Aug 31, 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. Its primary sector is Virtual Reality. Globally, the Virtual Reality sector has seen $164M in funding in 2026 to date.

Where does Varjo rank among its competitors?

Varjo ranks 2nd amongst 157 active competitors, of which 22 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

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 157 active competitors

Employee Count

215 as on Aug 31, 2026

Similar Companies

Oculus & 171 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	3608728	Series D	3426229	4433521	4220544	1213976
Sep 01, 2023	2763750	Grant (prize money)	9145696	2110640	3546003	Europa
Apr 03, 2023	6192862	Series D	5565412	6736667	Nordic Secondary Fund	5771506

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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 Aug 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	81/100
2nd	Varjo 2016, Helsinki (Finland), Series D	Provider of virtual reality headsets	$149M	Kreos Capital, Atomico & 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), Acquired	Manufacturer of mixed reality headsets	$6.8M	Somnium Space, Latitude & 2 others	56/100
5th	Visor 2016, San Francisco (United States), Series B	Provider of AR based headsets	$33.5M	Defy, Obvious Ventures & 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	ThreyeInc 2012, Delhi (India), Seed	Game development studio	-	Newspace Research and Technologies, IIMA Ventures ... & 3 others	50/100
8th	Frasca 1958, Urbana (United States), Acquired	Manufacturer of flight simulators for pilot training and flight schools	-	-	48/100
9th	Zappar 2011, London (United Kingdom), Series A	Developer of augmented reality software, hardware, and assistive technology solutions	$3.75M	Hargreave Hale, Platform Securities & 29 others	47/100
10th	Absentia Virtual Reality 2015, Bengaluru (India), Series A	Developer of virtual reality hardware offering immersive visual experiences to users	$3.87M	Exfinity Venture Partners, Aeroflex Enterprises Ltd ... & 30 others	47/100