About Nordic Option
Nordic Option is a venture capital firm founded in 1994. It is primarily based out of Oulu, Finland. As of Jul 2025, Nordic Option is an active investor, having invested in 20 companies, with 1 new investment in the last 12 months. It primarily invests in Series A round in Finland based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Enterprise Infrastructure. Most recently it participated in the $***** Seed round of Brightplus Overall, Nordic Option portfolio has seen 1 IPO and 4 acquisitions, namely 9Solutions, Sotkamo Silver and Taitonetti. A lot of funds co-invest with Nordic Option, with names like valeado.se sharing a substantial percentage of its portfolio. Nordic Option has team of 3 people including 3 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 3 more
Portfolio IPOs
Portfolio Acquisitions
Portfolio Soonicorns
Deals in last 12 months
Nordic Option's List of Top Investments
Nordic Option has a portfolio of 20 companies. Their most notable investments are in FocalSpec and Haltian.Their portfolio spans across Finland and United States. They have invested in Enterprise Applications, High Tech, Enterprise Infrastructure and 8 other sectors, across stages such as Seed, Series A and 3 more. Here is the list of top investments by Nordic Option:1. TactoTek
Key facts about TactoTek
- Founded Year: 2011
- Location: Oulunsalo (Finland)
- Annual Revenue: $1M - $10M as on Dec 31, 2023
- Stage: Series E
- Total Funding till date: $129M
- Employee Count: 85 as on Mar 31, 2026
- Investors: Voima Ventures, Ascend Capital Partners and 28 Others
- Latest Funding Round: Series E, Jan 09, 2025, $*****
- Highlight: Editors' Pick
2. 9Solutions
9Solutions is a Finnish provider of indoor positioning and communication platforms aimed at improving the safety and productivity of user. Their product comes with 3 remotely programmable buttons and non movement and man down alert alarms thus finding usage in industries such as health care and logistics. 9Solutions was also adjudged winner of the management and hospital M&K Award 2015
Key facts about 9Solutions
- Founded Year: 2009
- Location: Oulu (Finland)
- Stage: Acquired
- Total Funding till date: $5.45M
- Employee Count: 43 as on May 31, 2026
- Investors: Bocap, Luvian Osuuspankki and 3 Others
- Latest Funding Round: PE, Sep 11, 2020, $*****
- Highlight: Acquired
3. Sensmet
Sensmet is an AI-based technology solutions provider for water analysis. Their offering includes Sensmet μDOES(micro-discharge optical emission spectroscopy) which enabling online analytics of water quality. Some of the elements covered include lithium, sodium, magnesium, potassium, and others.
Key facts about Sensmet
- Founded Year: 2017
- Location: Oulu (Finland)
- Stage: Seed
- Total Funding till date: $4.29M
- Employee Count: 11 as on May 31, 2026
- Investors: Innovestor Ventures, EIT RawMaterials and 2 Others
- Latest Funding Round: Seed, Apr 01, 2026, $*****
4. Haltian
Provider of end-to-end IoT solutions for enterprises. It offers multiple sensors featuring 2G GPRS, Bluetooth, Wi-Fi, GPS, accelerometer, gyroscope, and magnetometer. Provides a platform known as Thingsee IoT devices platform for managing all the data points. The platform also offers data gathering, device maintenance and updates, and data connectivity management modules. Additionally, the company design and develops connected solutions, wireless devices, wearables, and cameras using their pre-integrated technology assets.
Key facts about Haltian
- Founded Year: 2012
- Location: Oulu (Finland)
- Stage: Series C
- Total Funding till date: $46.4M
- Employee Count: 95 as on May 31, 2026
- Investors: Vertical Venture Partners, Varma and 10 Others
- Latest Funding Round: Series C, Apr 24, 2023, $*****
- Highlight: Editors' Pick
5. Brightplus
Key facts about Brightplus
- Founded Year: 2014
- Location: Tampere (Finland)
- Stage: Seed
- Total Funding till date: $2.34M
- Employee Count: 27 as on May 31, 2026
- Investors: EIC Fund, Nordic Option and 5 Others
- Latest Funding Round: Seed, Jul 15, 2025, $*****
Nordic Option's Year-on-Year Investment Trends
Nordic Option has invested in 20 companies over the last 25 years, with an average of 1 new investment annually in the last 10 years. In 2025, it made 1 investment. Its most recent first time investment was in Brightplus and most recent follow-on round was in Haltian.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 1 | 0 | 1 |
2024 | 0 | 0 | 0 |
2023 | 0 | 0 | 0 |
2022 | 1 | 1 | 2 |
2021 | 1 | 0 | 1 |
2020 | 0 | 1 | 1 |
2019 | 2 | 0 | 2 |
2018 | 0 | 0 | 0 |
2017 | 3 | 0 | 3 |
Nordic Option's Investments by Stage
Nordic Option has made 4 investments in Seed stage with an average round size of $1.74M, 4 investments in Series A stage with an average round size of $3.76M, 1 investment in PE stage with an average round size of $1.9M, 1 investment in Series C stage with an average round size of $25.8M and 1 investment in Unattributed stage.Stage of entry | No. of Investments |
|---|---|
Seed | 4 |
Series A | 4 |
PE | 1 |
Series C | 1 |
Unattributed | 1 |
Note: We have considered here, only first round of investments
Nordic Option's Investments by Sector
Nordic Option has a diverse portfolio, with companies operating in the High Tech, Enterprise Applications, Industrial Goods and Manufacturing, Business Services and Energy. Notably, it has invested in 14 Enterprise (B2B) companies, 9 Tech companies, 7 Software companies and at least 6 companies focusing on Tech hardware.Sector | No. of Investments |
|---|---|
High Tech | 4 |
Enterprise Applications | 3 |
Industrial Goods and Manufacturing | 2 |
Business Services | 1 |
Energy | 1 |
Others | 5 |
Note: We have considered here, only first round of investments
Nordic Option's Investments by Geography
Nordic Option has made most investments in Finland (10), followed by United States where it has made 1 investment.Country | No. of Investments |
|---|---|
Finland | 10 |
United States | 1 |
Note: We have considered here, only first round of investments
Nordic Option's recent investments
Nordic Option has not made any investment in 2026 so far.Here are the most recent investments by Nordic Option:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jul 15, 2025 | Finland | Seed | 2411 | [+3] | |
Jul 2022 | Finland | Seed | 2411 | ||
Mar 30, 2022 | Finland | Series B | 4147 | ||
Jun 22, 2021 | Finland | Seed | 3557 | - | |
Apr 14, 2020 | Finland | Series B | 5122 | [+3] |
IPOs and Publicly Listed companies in Nordic Option's Portfolio
1 of Nordic Option's portfolio company became public - Sotkamo Silver.Here are Nordic Option's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
- | - | - | 7659 |
Acquired companies in Nordic Option's Portfolio
4 companies from Nordic Option's portfolio have been acquired. The most recent acquisition was 9Solutions in Dec 2024 by Assa Abloy for $*****.Here are Nordic Option's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Dec 03, 2024 | Oct 04, 2019 | PE | 6217 | |
Oct 13, 2023 | - | - | 8373 | |
Nov 01, 2019 | Mar 19, 2017 | Series A | 8143 | |
Apr 04, 2018 | Mar 27, 2017 | Seed | 6907 |
Team profile of Nordic Option
Nordic Option has a team of 3 members including 3 Partners located in Finland. Nordic Option's team does not sit on the board of any company as of now.Here is a list of all team members in Nordic Option:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Finland | - | ||
Partner | Oulu | - | ||
Partner | Oulu | - |
Co-investors of Nordic Option
Over the past 25 years, 50 investors have co-invested in Nordic Option's portfolio companies. This includes funds and angels.
- Invested before Nordic Option: Europa, Conor and 13 others have invested in rounds before Nordic Option. There are 2 companies where Europa has invested before Nordic Option and 1 company where Conor has invested before Nordic Option.
- Top Co-investors of Nordic Option: 13 investors entered a company along with Nordic Option. These include investors like valeado.se (1 company).
- Invested after Nordic Option: A total of 22 investors have invested in Nordic Option's portfolio after their investments. Top Investors include Tesi (2 companies), EIC Fund (2 companies) and European Investment Bank (1 company).
Recent News related to Nordic Option
•
Finnish Profilence secures investment from Nordic Option to boost international expansionArcticStartup•Jun 14, 2024•Profilence, Nordic Option
•
Finnish IoT company raises €6.6M in new growth fundingArcticStartup•Apr 04, 2022•Haltian, Inventure, Nordic Option, Tesi
•
TactoTek Closes €23 Million Series C for In-Mold Structural ElectronicsPowerPulse.Net•Feb 06, 2020•TactoTek, Nordic Option, , Bryan, Garnier & Co and 3 others
•
FocalSpec Raises €3.5M in FundingFinSMEs•Mar 19, 2017•FocalSpec, VTT Ventures, Nordic Option, Veritas
