About Nuard
Nuard is a venture capital firm founded in 2009. It is primarily based out of Espoo, Finland. As of May 2018, Nuard has invested in 21 companies. It primarily invests in Seed round in Finland based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to Consumer and High Tech. Most recently it participated in the $***** Seed round of MVision A lot of funds co-invest with Nuard, with names like Icebreaker sharing a substantial percentage of its portfolio. Nuard has team of 2 people including 2 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed
Portfolio Soonicorns
Nuard's List of Top Investments
Nuard has a portfolio of 21 companies. Their most notable investments include appcharge and Sneaky Panda.Their portfolio spans across Finland, United States, France and 5 more locations. They have invested in Enterprise Applications, Consumer, High Tech and 12 other sectors, across stages such as Seed stage. Here is the list of top investments by Nuard:
1. appcharge
Provider of payments and direct-to-consumer monetization solutions for mobile games. It offers tools for mobile payments, merchant of record coverage, and payment links. The platform provides web stores, game portals, social checkout links, and loyalty programs. It also includes personalization API, player support, publisher dashboard, and fraud prevention.
Key facts about appcharge
- Founded Year: 2010
- Location: United States
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $89M
- Employee Count: 163 as on Jul 31, 2026
- Investors: Creandum, Glilot Capital Partners and 10 Others
- Latest Funding Round: Series B, Aug 13, 2025, $*****
- Highlight: Editors' Pick

2. Sneaky Panda
Key facts about Sneaky Panda
- Founded Year: 2020
- Location: Tel Aviv (Israel)
- Stage: Series A
- Total Funding till date: $6M
- Employee Count: 11 as on Jul 31, 2026
- Investors: Remagine Ventures, MK Venture Capital and 5 Others
- Latest Funding Round: Series A, Nov 26, 2021, $*****

3. Audiomob
Provider of in-game audio advertising solutions. This company enables brands to reach mobile gamers through non-disruptive audio ads integrated directly into games. It offers a simple plugin and SDKs for developers to easily monetize their games without impacting player experience. The technology delivers results for major audio and gaming industry leaders. The company's patented technology ensures effective ad delivery and helps advertisers connect with highly engaged audiences.
Key facts about Audiomob
- Founded Year: 2020
- Location: London (United Kingdom)
- Stage: Series A
- Total Funding till date: $21M
- Employee Count: 42 as on Jul 31, 2026
- Investors: Sequoia Capital, Samsung Venture Investment and 11 Others
- Latest Funding Round: Series A, Feb 02, 2025, $*****

4. Cogram
AI based platform offering relational SQL solutions. It provides a platform that uses artificial intelligence technology for gaining data and business insights without writing SQL and for translating plain English into database queries. The product offering includes an SQL editor for notebooks.
Key facts about Cogram
- Founded Year: 2021
- Location: Berlin (Germany)
- Stage: Seed
- Total Funding till date: $5M
- Employee Count: 15 as on Jul 31, 2026
- Investors: Initialized Capital, Soma Capital and 2 Others
- Latest Funding Round: Seed, Apr 30, 2022, $*****
- Highlight: Editors' Pick

5. FunCraft
Key facts about FunCraft
- Founded Year: 2019
- Location: San Francisco (United States)
- Stage: Seed
- Total Funding till date: $1.8M
- Employee Count: 20 as on Jul 31, 2026
- Investors: Nuard, Play Ventures and 6 Others
- Latest Funding Round: Seed, Feb 26, 2020, $*****
Nuard's Year-on-Year Investment Trends
Its most recent first time investment was in MVision.Nuard's Investments by Stage
Nuard has made 1 investment in Seed stage with an average round size of $731K.Nuard's Investments by Sector
Nuard has a diverse portfolio, with companies operating in the Artificial Intelligence - Industry Applications, Enterprise Applications, HealthTech and Vertical SaaS. Notably, it has invested in 18 Tech companies, 13 Enterprise (B2B) companies, 11 Software companies and at least 6 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Artificial Intelligence - Industry Applications | 1 |
Enterprise Applications | 1 |
HealthTech | 1 |
Vertical SaaS | 1 |
Note: We have considered here, only first round of investments
Nuard's Investments by Geography
Nuard has made most investments in Finland (1).Nuard's recent investments
Nuard has not made any investment in 2026 so far.Here are the most recent investments by Nuard:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
May 23, 2018 | Finland | Seed | 2912 | [+2] |
Team profile of Nuard
Nuard has a team of 2 members including 2 Partners located in Finland. Nuard's team does not sit on the board of any company as of now.Co-investors of Nuard
Over the past 8 years, 5 investors have co-invested in Nuard's portfolio companies. This includes funds and angels.
- Top Co-investors of Nuard: 3 investors entered a company along with Nuard. These include investors like Icebreaker (1 company).
- Invested after Nuard: Voima Ventures (1 company) and J12 (1 company) are the investors which have invested in Nuard's portfolio after their investments.
