Nexit Ventures

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Nexit Ventures
Industry Venture Capital
Founded 1999
Headquarters Helsinki, Finland; Saratoga, California, United States; Stockholm, Sweden
Key people
Michel Wendell, Artturi Tarjanne, Pekka Salonoja, Michael Mandahl, Sami Karppinen, Risto Yli-Tainio
Products Investments, private equity funds

Nexit Ventures is a Nordic-US venture capital firm that invests in growth companies in the mobile and wireless segments.[1]

Nexit Ventures was founded in 1999 and it has raised two investment funds totaling €152 Million.[2] The firm has offices in Helsinki, Finland, Saratoga, CA, and Stockholm, Sweden. The general partners of the firm are Michel Wendell, Artturi Tarjanne, Pekka Salonoja, and Michael Mandahl.

Nexit invests primarily in the Nordic Countries and the US West Coast. The firm prefers to invest in high-tech companies.[3] Its investments include Aava Mobile,[4] Bitfone (acquired by Hewlett-Packard),[5] Ekahau,[6] Futuremark,[7] Hantro (acquired by On2 and subsequently by Google),[8] Hybrid Graphics (acquired by nVidia),[9] Mobile365 (acquired by Sybase),[10] and Octoshape.[11]


  1. ^ "CrunchBase". CrunchBase. Retrieved January 17, 2012. 
  2. ^ AltAssets[dead link]
  3. ^ "Nexit Ventures Oy: Private Company Information - Businessweek". Retrieved 2016-11-04. 
  4. ^ SCIENCEBUSINESS[dead link]
  5. ^ Ames, Ben (December 20, 2006). "InfoWorld". InfoWorld. Retrieved January 17, 2012. 
  6. ^ "Ekahau". Ekahau. Retrieved January 17, 2012. 
  7. ^ Dean Takahashi (November 3, 2009). "Venture Beat". Venture Beat. Retrieved January 17, 2012. 
  8. ^ Slawski, Bill (August 14, 2009). "SEO by the Sea". SEO by the Sea. Retrieved January 17, 2012. 
  9. ^ "nVidia". nVidia. Retrieved January 17, 2012. 
  10. ^ "Internetnews". Internetnews. September 5, 2006. Retrieved January 17, 2012. 
  11. ^ "LightReading". LightReading. Retrieved January 17, 2012. 

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