Vendep Capital
Category: AI Agents
Vendep Capital is a venture capital firm that invests early in Nordic and Baltic B2B SaaS teams, providing capital, expertise, and follow-on support Vendep Capital was founded in 2002. The company is led by N/A. Based in Espoo, Finland. Team size: 8. Total funding raised: €190M+. Latest round: Fund IV. Key investors include Tesi, Kleiner Perkins (KRR), Sitra, Pension Insurance Company Elo, Saastamoinen Foundation, Gösta Serlachius Fine Arts Foundation.
- Founded
- 2002
- Headquarters
- Espoo, Finland
- Team size
- 8
- Total funding
- €190M+
Value proposition
Provides strategic funding, operational expertise, and access to global markets, helping founders scale SaaS products to global dominance with meaningful follow-on capital and firsthand founder experience
Products and solutions
Early-stage B2B SaaS investments, Series A follow-on investments, Portfolio support and scaling expertise
Unique value
Focus on Nordic/Baltic B2B SaaS companies with disciplined approach to investing in fewer teams to give each full focus and support, with 100% follow-on in next externally led rounds and 78% of portfolio A-rounds coming from Vendep intros
Target customer
Early-stage B2B SaaS founders in the Nordics and Baltics
Industries served
B2B SaaS, Enterprise Software, Artificial Intelligence, Hospitality Technology, Digital Transformation
Technology advantage
Proprietary investment framework for identifying SaaS potential, combined with hands-on operational support from former founders and operators, and deep regional expertise in Nordic/Baltic markets
How they differentiate
Vendep Capital differentiates itself through a hyper-focused strategy on early-stage B2B SaaS companies in the Nordics and Baltics, with strong emphasis on product-market fit and long-term partnerships with founders, plus 100% follow-on rate in next rounds
Main competitors
Northzone, M Ventures, Seedcamp
Key partnerships
Tesi, Kleiner Perkins (KRR), Sitra, Pension Insurance Company Elo, Saastamoinen Foundation, Gösta Serlachius Fine Arts Foundation
Notable customers
AlphaSense, Hostaway, Happeo, Inven, Agileday, Syncle, PatentRenewal.com
Major milestones
Closed €80M Fund IV in 2025, Exited investments in AlphaSense and Happeo, Built portfolio of 25+ B2B SaaS companies, Co-led Inven's $12.75M Series A, Portfolio exit: Surveypal in July 2025
Growth metrics
€190M under management, 100% follow-on rate in next externally led rounds, 78% of portfolio A-rounds came from Vendep intros
Market positioning
Positioned as a leading Nordic B2B SaaS VC firm, targeting companies with scalable SaaS solutions with tight market segmentation and localized growth strategies
Geographic focus
Primarily the Nordics (Finland, Sweden, Norway) and Baltics (Estonia, Latvia, Lithuania)
Patents and IP
Not applicable for venture capital firm
About N/A
Vendep Capital operates as a partnership-led venture capital firm without a traditional CEO structure. The firm is led by General Partners including Sami Ahvenniemi who has 20+ years of experience in venture capital, startups, and software companies.
Official website: https://www.vendep.com