Where is Armada's headquarters located?

Armada's headquarters is located in Helsinki (Finland).

How big is Armada's investment team?

Armada has a team of 5, including 3 partners.

How many companies has Armada invested in?

Armada has invested in 26 companies, including Joe & The Juice & CTEK.

Which companies has Armada invested in lately?

ParkMan & Verda are the latest investments by Armada.

What sectors does Armada focus on for investments?

Top sectors in Armada's portfolio are Enterprise Applications (6 investments) and High Tech (3 investments).

How many exits has Armada been involved in?

Armada's portfolio has seen 1 IPO and 15 acquisitions.

How many unicorns are there in Armada's portfolio?

There is 1 unicorn in Armada's portfolio.

Armada - 2026 Investor Profile, Portfolio, Team & Investment Trends

1. Joe & The Juice

Joe & The Juice is a food and beverage retail chain with stores located in 13 countries and currently expanding in Norway and Sweden. Their products include signature juices, shakes, coffee, sandwiches and meal bags.

Key facts about Joe & The Juice

Founded Year: 2002
Location: Copenhagen (Denmark)
Annual Revenue: $100M - $500M as on Dec 31, 2025
Last Known Valuation: $*****
Stage: Acquired
Total Funding till date: $322M
Employee Count: 3,251 as on Sep 30, 2026
Investors: General Atlantic, Valedo and 4 Others
Latest Funding Round: Series A, Apr 16, 2026, $*****
Highlight: Acquired

2. CTEK

Manufacturers of EV chargers and these chargers are majorly used for charging automotive batteries. .Since its founding, CTEK has sold about 6,2 million battery chargers in 70 countries around the world. The company provides battery chargers to a number of the world’s leading automobile manufacturers like Alfa Romeo, Arctic Cat, Audi, Bentley, BMW, Corvette, Ferrari, Lamborghini, Lexus, Maserati, Maybach, Rolls-Royce, Scania and Yamaha among others.Armada Mezzanine Fund had provided mezzanine financing in support of the Altor Fund's acquisition of CTEK Creator Group from FSN Capital in August, 2011.

Key facts about CTEK

Founded Year: 1997
Location: Vikmanshyttan (Sweden)
Stage: Acquired
Total Funding till date: $123M
Employee Count: 218 as on Sep 30, 2026
Investors: EQT, Latour and 1 Other
Latest Funding Round: PE, Sep 07, 2021, $*****
Highlight: Acquired

3. Crayon

Key facts about Crayon

Founded Year: 2002
Location: Oslo (Norway)
Annual Revenue: $50M - $100M as on Dec 31, 2024
Stage: Acquired
Total Funding till date: $12M
Employee Count: 2,646 as on Sep 30, 2026
Investors: Pratithi Investments, Niobrara Capital and 6 Others
Latest Funding Round: Series A, Jun 2018, $*****
Highlight: Acquired

4. Verda

Provider of cloud infrastructure for artificial intelligence workloads. The platform offers high-performance computing resources, including GPU instances, instant clusters, and serverless containers, designed to support the full lifecycle of machine learning and deep learning projects. It provides scalable storage solutions, container registries, and networking capabilities to facilitate rapid prototyping, foundation training, and inference tasks. The infrastructure is built to handle complex distributed workloads, offering managed services and orchestration tools that enable developers to deploy and scale applications efficiently.

Key facts about Verda

Founded Year: 2017
Location: Helsinki (Finland)
Annual Revenue: €10M - €50M as on Dec 31, 2025
Stage: Series B
Total Funding till date: $450M
Employee Count: 1 as on Jul 31, 2026
Investors: Emergence Capital, Danske Bank and 27 Others
Latest Funding Round: Series B, Sep 22, 2026, $*****
Highlight: Editors' Pick

5. Prosero Security

Chains providing technical security solutions including locks alarms access systems. These entities offer installation and maintenance services for security infrastructure, encompassing surveillance, fire protection, and personal alarm systems. Operations focus on protecting individuals and property through customized technical configurations. The organization manages multiple service units that deliver security hardware and monitoring capabilities across diverse settings.

Key facts about Prosero Security

Founded Year: 2017
Location: Stockholm (Sweden)
Stage: Seed
Employee Count: 32 as on Sep 30, 2026
Investors: Valedo and Armada
Latest Funding Round: Seed, Oct 27, 2017, $*****

View the full list of portfolio companies

Armada has invested in 26 companies over the last 18 years, with an average of 1 new investment annually in the last 10 years. In 2025, it made 3 investments. Its most recent first time investment was in ParkMan.

Here are Armada's Year-on-Year Investment Trends:

Year	No. of Investments
Year	1^st Round	Follow-on	Total
2026 (YTD)	0	0	0
2025	3	0	3
2024	0	0	0
2023	0	0	0
2022	0	0	0
2021	0	0	0
2020	0	0	0
2019	2	0	2
2018	0	0	0
2017	1	0	1

View all investments by Armada

Armada has made 14 investments in Conventional Debt stage, 7 investments in Venture Debt stage and 1 investment in Seed stage.

Here are Armada's investments by stage:

Stage of entry	No. of Investments
Conventional Debt	14
Venture Debt	7
Seed	1

Note: We have considered here, only first round of investments

View all investments by Armada

Armada has a diverse portfolio, with companies operating in the Enterprise Applications, Business Services, Consumer, High Tech and Auto Tech. Notably, it has invested in 13 Enterprise (B2B) companies, 12 Tech companies, 7 Consumer (B2C) companies and at least 6 companies focusing on Software.

Here are Armada's investments by sector:

Sector	No. of Investments
Enterprise Applications	5
Business Services	4
Consumer	4
High Tech	3
Auto Tech	2
Others	21

Note: We have considered here, only first round of investments

View all investments by Armada

Armada has made most investments in Sweden (9), followed by Finland where it has made 5 investments.

Here are Armada's investments by geography:

Country	No. of Investments
Sweden	9
Finland	5
Norway	5
Denmark	2
United Kingdom	1

Note: We have considered here, only first round of investments

View all investments by Armada

Armada has not made any investment in 2026 so far.

Here are the most recent investments by Armada:

Filter this list

Date	Company	Location	Round Details	Round Amount	Co-Investors
Sep 09, 2025	ParkMan	Finland	Seed	7869	Hawk
Sep 08, 2025	Verda	Finland	Conventional Debt	9194	Byfounders [+8]
Sep 08, 2025	DataCrunch	Finland	Conventional Debt	3890	Nordea [+3]
2019	Cordel	Norway	Conventional Debt	1873	-
Jul 08, 2019	Origo Group	Sweden	Conventional Debt	3231	-

See more recent investments made by Armada

Armada has 1 unicorn in its portfolio - Verda. The most recent unicorn in their portfolio is Verda which became a unicorn in 2026, 1 years after Armada first invested in it.

Here is a list of unicorns in Armada's portfolio:

Filter this list

Tracxn Score	Company	Short Description	Founded year	Sector	Location	Company Stage	First Investment/ Acquisition Details
54	Verda	Provider of cloud infrastructure for artificial intelligence workloads	2017	High Tech [+2]	Helsinki	Series B	dox{pdd

View more details about unicorns in Armada's portfolio

1 of Armada's portfolio company became public - Linas Matkasse.

Here are Armada's portfolio companies that went public:

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Company	IPO Date	First Invested on	First Round of Investment	Round Size
Linas Matkasse	-	Sep 29, 2015	Venture Debt	3562

View more details about public companies in Armada's portfolio

15 companies from Armada's portfolio have been acquired. The most recent acquisition was Silmäasema in Jun 2026 by Terveystalo for $*****.

Here are Armada's portfolio companies that got acquired most recently:

Filter this list

Company	Acquisition Date	First Invested on	First Round of Investment	Round Size
Silmäasema	Jun 08, 2026	Aug 22, 2014	Venture Debt	2157
Admincontrol	Mar 13, 2025	Apr 15, 2015	Venture Debt	6273
Crayon	Dec 19, 2024	2012	Conventional Debt	4633
Joe & The Juice	Nov 13, 2023	Dec 05, 2013	Conventional Debt	4831
Envirotainer	Jun 07, 2022	2009	Conventional Debt	1063

View all acquired companies in Armada's portfolio

Armada has a team of 5 members including 3 Partners located in Sweden and Finland.

Here is a list of all team members in Armada:

Name	Designation	Location	Contact Details
Jan Wiklund	Partner	-	1 Email
Ilkka Santti	Partner	Helsinki	1 Email
Johan Svaxen	Partner	Sweden	-

View team details of Armada

Over the past 18 years, 43 investors have co-invested in Armada's portfolio companies. This includes funds and angels.

Invested before Armada: Valedo, Byfounders and 18 others have invested in rounds before Armada. There are 3 companies where Valedo has invested before Armada and 2 companies where Byfounders has invested before Armada.
Top Co-investors of Armada: 6 investors entered a company along with Armada. These include investors like Tesi (2 companies).
Invested after Armada: A total of 17 investors have invested in Armada's portfolio after their investments. Top Investors include Europa (2 companies) and General Atlantic (1 company).