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is the main owner of Nostetta Ventures,
which manages North Savo Startup Fund.

Nostetta Ventures Closed Its First Investment on Pharmacy Mobile Application Treet

Nostetta Ventures has closed its first investment from the North Savo Startup Fund established in summer 2020. The investment was made in a mobile application Treet developed by ApoDigi Oy, Nostetta Ventures being the largest single investor of the 1M€ funding round.

The application digitalizes transactions in pharmacies, offering the pharmacy clients an easy and safe digital channel for pharmacy purchases. Healthcare sector grows fast and it is one of the most significant export industries in Finland.

“We are delighted to close our first investment soon after launching the fund. We are particularly pleased about the investment being from the healthcare sector, which is one of the top industries in Northern Savo region”, says Heidi Ahonen, the Managing Partner of Nostetta Ventures.

Treet has been developed in close co-operation with pharmacy professionals and the leading experts within the healthcare industry. The main goals are to offer an easy and safe purchasing channel for the pharmacy clients, and to bring the expertise of the pharmacy professionals to the use of the clients more efficiently.

“The buying behavior is changing in the pharmacy sector, and COVID-19 has accelerated this change. We offer the pharmacy clients a genuine opportunity to choose the purchasing channel most favorable to them, without having to compromise on pharmacovigilance”, says the founder and CEO of Treet, pharmacist Simo Vidgren.

The application brings together all operators, whose expertise is important to a successful medication care. Treet aims to grow fast and has various application development projects in plans for the future. The application will be launched for the exclusive use of Avainapteekit.

“Our team has a strong expertise within the pharmacy sector, so Nostetta Venture’s versatile business expertise is an important factor in our growth path – in addition to the monetary investment”, tells Vidgren.

More information in the media release (in Finnish) here.

For more information, contact:

Managing Partner Heidi Ahonen, Nostetta Ventures, / +358 400 606 122

CEO Simo Vidgren, Treet, / +358 50 530 7448 |

Nostetta Ventures launches 10M€ startup fund

North Savo Startup Fund managed by Nostetta Ventures has been launched and starts its operations today. The fund invests in early stage growth companies in North Savo, Finland with a mission to develop the business scene and to strengthen the vitality of the region. The size of the fund is 10M€ and the aim is to invest in 10-15 companies within a 5-7-year period.

“North Savo has strong competence in the fields of health, cleantech, ICT, energy and technology. These sectors are the main investment targets, since we want to be involved in ensuring the best growth possibilities for the top sectors of the region”, says Heidi Ahonen, the Managing Partner of Nostetta Ventures.

Team Nostetta Ventures has versatile experience from various industries, and it will actively participate in business development of the fund’s portfolio companies. The team will provide its expertise, network and support to the portfolio companies in order for them to achieve their goals for growth and internationalization.

The portfolio companies are sought together with other actors within the region, such as banks, Finnvera and private investors. The portfolio companies are selected during the fund’s first three operative years. After this, follow-on investments are made to these companies to support their development and growth.

“By syndicating, in other words, by making collective investments with other venture capitalists, the effectiveness of the fund will be doubled or even tripled”, says Ahonen.

The public investors of the fund include the cities of Kuopio, Iisalmi and Varkaus with 2,2M€ investment share. Along with the direct investment, the city of Kuopio invests in a 4,9M€ grant from the Centre for Economic Development, Transport and the Environment (ELY-keskus).

“The major goal of the capital investment is to enable the growth and internationalization of early stage companies in order to affect the attractiveness, economic growth and employment rate of the region”, says Jukka Pitkänen, city of Kuopio’s Director of Economic Development. “The investment is also an excellent example of good co-operation between the cities of Kuopio, Iisalmi and Varkaus”.

Nostetta Ventures chosen to manage €10 million startup fund

Nostetta Oy is the main owner of Nostetta Ventures, which was chosen to manage 10M€ startup fund. The fund invests in early stage growth companies mainly situated in Northern Savo region in Finland – the home of Nostetta Oy and Nostetta Ventures. The goal is to invest in approximately 15 startups during a 10 year period. The first investments are estimated to be made in spring 2020.

The fund will combine private and governmental equity as follows:

  • City of Kuopio, 1.2M€
  • City of Iisalmi, 0.5M€
  • City of Varkaus, 0.5M€
  • Centre for Economic Development, Transport and the Environment (a grant), 4.9M€
  • Private investors, 2.5M€
  • Nostetta Ventures, 0.4M€

The CEO of Nostetta Ventures is Heidi Ahonen.

Read more (in Finnish) in Tekniikka&Talous.

Nostetta portfolio grows with RPS Brewing, an award-winning indie brewery from northern periferia

Nostetta has invested in an innovative indie brewery RPS Brewing based in Kuopio, Finland. RPS Brewing completed a directed share issue in the end of 2018 to strengthen its team and competence in business development and to accelerate its growth in international markets. Along with Nostetta Oy, a Finnish business person of the year 2017 Mika Sutinen, the CEO of Kotipizza Group Tommi Tervanen and a group of private investors and employees joined the company as investors.

RPS Brewing’s beers have been awarded for their taste for example in various categories of “the best beer in Finland” -competition in 2018. RPS Brewing’s brewmaster Aki wishes to produce tasteful but drinkable beer. The brewery describes its beer as balanced, fresh and pure to the palette. And as we need a game in everything in life, the beer also can beat each other in different forms. In strength, freshness, body type, or else. Eventually the strength meets softness and cuddliness and is melted. You know the drill.

Besides the tasteful beer, the company is also known for its innovative marketing efforts. One of the most famous examples is release of the “Let’s Settle This Like Adults” beer for Trump-Putin summit 2018 in Helsinki.

Read more about the RPS beers here:

More information about the directed share issue in RPS Brewing’s Facebook (in Finnish):


Savroc’s TripleHard chrome coating benefits proven in a variety of industrial applications

Since its establishment in 2012, Nostetta portfolio company Savroc has developed TripleHard chrome coating to offer the chrome plating industry a more durable and more sustainable alternative to conventional hard chrome.

TripleHard’s performance, such as hardness, wear resistance and lower friction, exceeds the performance of conventional hard chrome, enabling a variety of opportunities to save costs in terms of extended maintenance cycles and decreased energy costs, for example. Unlike the plating process of traditional hard chrome, TripleHard plating process does not contain chromic acids harmful to the environment and people working in the process.

Savroc has “Good laboratory results are not enough, the performance has to be industrially proven as well”, says Osmo Jahkola, the CEO of Savroc in an article (in Finnish) published by the leading technology publication of Finland, Tekniikka&Talous.

Today, TripleHard coating’s benefits have been industrially proven in a variety of applications for over 2,5 years. The current customers include for example a Finnish hydraulic cylinder manufacturer Hydroline and a French agricultural machinery manufacturer Egretier, in addition to an automation manufacturer and some weapon manufacturers. In July 2018, Europe’s biggest cylinder manufacturer ASO Group agreed to take TripleHard coating method into use.

Finnish speaking readers: check the whole story of Savroc and TripleHard in Tekniikka&Talous.

Nostetta made an investment in biopharmaceutical company Aurealis Pharma

Nostetta has invested in a privately owned biopharmaceutical company Aurealis Pharma. The company based in Kuopio, Finland and Basel, Switzerland, has developed an effective, safe and economical treatment method that greatly improves the quality of life for chronic inflammation and cancer sufferers.

Nostetta invested in OwnSurround, a developer of 3D sound technology for headphones

We are happy to announce our newest addition to Nostetta portfolio: OwnSurround, a company developing technology that brings personally tailored 3D surround sound to the user’s own headphones. The technology can be utilized for example in adding real multi-channel sound to video game or movie experience.

VRT Finland accepted into Tekes NIY-program

We are happy to announce that Nostetta’s portfolio company VRT Finland Oy has been accepted into Tekes NIY-program, which is intended to fund and support international growth of young and innovative companies with high global business potential. Congrats VRT!

Nostetta has a new look

Where there’s growth, there’s change. This applies also to Nostetta, so we decided to update our visuals to match the new state of the company. We think it’s a match. Do you?


Nostetta portfolio grows with addition of VRT Finland

Nostetta has invested in VRT Finland, a tech startup specializing in underwater inspections with the latest 3D-measurement technology. VRT’s solutions ensure that damages or changes in structures do not cause surprises, saving the customer time and money. Welcome aboard VRT!