Maki.vc
Maki.vc, a Finnish seed-stage VC firm, has raised its third fund – EUR 100 million – to invest in startups in the Nordics and Northern Europe. Dottir advised Maki.vc throughout the process.
The new fund is focused on supporting the next wave of deep tech and brand-driven startups in the region. Maki.vc’s third fund includes 61 LPs, such as the Finnish state-owned investment company Finnish Industry Investment (Tesi), insurance company Ilmarinen, pension funds Varma and Elo, and regional banks Nordea and OP. Notably, a significant portion of the fund is backed by family offices, founders, and operators from some of the region’s most successful startups, including Skype, Wise, Aiven, and Supercell.
The fund, for which the team began fundraising in the autumn of 2023, has already made seven investments.
OP Corporate Bank plc and Skandinaviska Enskilda Banken AB (publ)
Dottir represented the lenders OP Corporate Bank plc and Skandinaviska Enskilda Banken AB (publ) in Terveystalo’s EUR 210 million facilities arrangement. Terveystalo is listed on Nasdaq Helsinki (TTALO) and has predominantly Finnish ownership. In terms of revenue and network, Terveystalo is the largest private health service provider in Finland and a leading company in occupational healthcare in the Nordics.
Danske Bank A/S, Danske Bank A/S, Finland Branch, Nordea Bank Abp and Skandinaviska Enskilda Banken AB (publ)
Dottir represented the agent Danske Bank A/S and lenders Danske Bank A/S, Finland Branch, Nordea Bank Abp and Skandinaviska Enskilda Banken AB (publ) in Solidium Oy’s EUR 300 million RCF (Revolving Credit Facility). Solidium is a holding company wholly owned by the State of Finland. Its mission is to strengthen and stabilise Finnish ownership in companies of national importance and to increase the value of its holdings in the long run.
Oddlygood
Oddlygood, a Nordic leader in plant-based foods, has acquired the pioneering British plant-based company, Rude Health. Dottir advised Oddlygood throughout the process.
“We trust Dottir for their reliability, knowledge, and responsiveness. Their dedication to achieving the best outcome is clear in every interaction,“ said Niko Vuorenmaa, CEO of Oddlygood.
In recent years, Oddlygood's revenue has grown by approximately 40 percent annually. In addition to accelerating the company's growth, this partnership unites two innovative companies on a mission to elevate the standard of plant-based food and beverages. The transaction represents a significant milestone for Oddlygood, marking another step toward its ambition to become one of the leading plant-based companies in the UK and Europe.
Greencode Ventures
Dottir advised the lead investor, Greencode Ventures, in the EUR 2 million seed funding round of Finnish tech company, Synergi. The round included participation from Vaens along with existing investors Lifeline Ventures, APX, and Wave Ventures.
Synergi is a Finnish tech company accelerating the transition to sustainable energy sources through smart software solutions. With the new funding, Synergi plans to expand its team and technology capabilities to enter European flexibility markets. Greencode Ventures is a pan-European venture capital firm specializing in startups focused on the green transition.
Timma
Timma, a Finnish salon management software provider, has been acquired by Danish Nordic vertical software vendor EG. Dottir advised the shareholders of Timma throughout the sale process.
"Very excited to begin the next phase of our journey as part of the EG family. Dottir has been our trusted legal partner for years already, and we were more than happy with them in this process as well," said Lari Mykrä, CEO of Timma.
Timma is a technology company that provides online booking and business management solutions for beauty and wellness companies. EG is a market leader in Nordic vertical software. By joining forces with EG, Timma can offer even stronger support to current and future customers. With the acquisition, EG is now one of the largest SaaS vendors in the beauty and wellness industry across Finland, Denmark, and Norway.
CapMan Growth
Dottir advised CapMan Growth in their EUR 6 million investment in Groweo. With the investment, CapMan will become a minority shareholder in the company. This enables Groweo to significantly accelerate its international growth and make new investments in technology and AI development.
Groweo's cloud-based technology offers businesses an easy way to acquire and manage leads in a manner that suits an entrepreneur's day-to-day operations. Groweo’s approach has enabled digital sales, marketing, recruitment, and customer service to be accelerated for an entirely new customer segment, allowing even smaller businesses to utilize tools that previously required heavy software or large marketing resources.
CapMan Growth is a growth investor and a leading Nordic expert in private assets.
Maki.vc
QMill, a Finland-based quantum computing startup, has raised USD 4.5 million in seed funding to advance the development of quantum algorithms aimed at solving real-world computational challenges. Dottir advised Maki.vc on their investment in QMill, with Antler and Kvanted also participating in the funding round.
Quantum computing holds the potential to address problems currently unsolvable by classical computers, though the technology remains in its early stages. QMill is focused on bridging this gap by developing algorithms for industries like financial services, telecommunications, and AI development. The company’s mission is to bring practical quantum computing applications to the mainstream, providing tools businesses can utilize today.
The funding will support QMill’s efforts to expand its service offerings, recruit global talent, and establish Espoo, Finland, as an emerging hub for quantum innovation. Maki.vc, a leading venture capital firm based in Helsinki, is one of the most active investors in Finland’s venture capital market.
Documill Oy
Dottir advised the shareholders of Documill Oy on the sale of the company to UK-based Ascendx Cloud Ltd.
“We were very pleased with the diligent yet efficient way Dottir’s team guided us through this rather complex cross-border M&A project,” said Mika Könnölä, CEO of Documill and one of the sellers.
Documill helps Salesforce-powered enterprises to digitalize their core document processes. It does so through company-specific workflows, collaborative document creation, the inclusion of process-related tasks such as approvals and e-signing, and highly flexible document automation capabilities.
Veri
Dottir advised the shareholders of Veri, a Finnish personalized metabolic health company, on the sale of the company to Oura.
With the acquisition, a significant portion of Veri’s team, including its three founders, will join Oura as employees. Veri, previously an Oura partner, helps users choose the right foods and habits for their bodies through an app that uses continuous glucose monitors (CGM). The Oura Smart Ring provides personalized health data, insights, and daily guidance. Veri's metabolic health data is a natural complement to Oura's offerings.
”Dottir played a key role throughout the entire negotiation and agreement process. We were highly satisfied with their expertise, engagement, and flexibility. Highly recommended,” said Anttoni Aniebonam, CEO & Co-founder of Veri.
Zefort
Dottir advised investors – Accountor founder and growth company investor Asko Schrey, and private equity investor Timo Larjomaa – on the acquisition of a 40% stake and a related investment of EUR 1 million in Zefort.
Zefort is a growth company providing a leading AI-powered contract management solution. Through their respective companies, Schrey and Larjomaa have acquired a 40% minority share in Zefort’s stock. Zefort has quickly established itself as a market leader in Finland, and with this investment, it aims to significantly expand across the Nordics and Northern Europe.
Niam
Dottir advised Niam in the debt financing of a portfolio of three healthcare and hospital properties in Finland, acquired by Niam in July 2024. The properties are located in central Helsinki and Pori and have a total lettable area of approx. 18,000 m². Niam is one of northern Europe's leading fund managers with a focus on investments in real estate and infrastructure.
Evolver Equity
Dottir advised Evolver Equity in acquiring a controlling interest in Repolar Pharmaceuticals Ltd, a Finnish company specializing in resin-based treatment products. The partnership aims to accelerate Repolar’s internationalization and growth. Repolar was the first investment of Evolver Fund II.
Dottir advised Evolver Equity on all legal matters related to the transaction, including debt financing. Evolver is a Finnish private equity investor and alternative investment fund manager specializing in Nordic small-cap buyouts.
IT-Line Service Oy
Dottir acted as counsel for IT-Line Service Oy in their acquisition by Instalco.
This acquisition enhances Instalco's industrial offerings in Finland. Originally operating since 1994 and founded as IT-Line Service Oy in 2013, the company provides installation, supervision, and maintenance services to businesses primarily within the pulp and paper industry.
Instalco, listed on Nasdaq Stockholm, is one of the leading installation companies in the Nordic region, specializing in electrical, heating & plumbing, ventilation, industrial solutions, and technical consulting.
Integrata
Dottir advised Integrata in securing an investment by Mandatum Asset Management Growth Equity II fund. The investment will support Integrata’s international expansion and the development of its smart HR and payroll service technology solutions.
"The Dottir team demonstrated true professionalism and offered insightful suggestions on aspects we hadn't even considered. Their guidance was both practical and assertive, allowing us to rely on them without needing to get involved in every detail. We trusted the Dottir team. Their overall approach was both efficient and proactive," said Tuomas Schwartz, co-founder and Director of Integrata.
Integrata, a Finnish HR and payroll technology company, focuses on building intelligent solutions that integrate humane HR technologies into everyday business operations. Founded in 2008, the company has consistently achieved profitable growth. Mandatum Asset Management (a subsidiary of Mandatum) is a leading Finnish asset management company known for its growth investment strategies, which focus on supporting and scaling up promising companies in the Nordic region.
SEB Greentech Venture Capital
Dottir advised the lead investor, SEB Greentech Venture Capital, in the EUR 5 million financing round of Finnish tech company Collo. The financing round was co-led by SEB and Dutch deep-tech investment firm FORWARD.one, with participation from existing investor, Danish Scale Capital.
"The Dottir team has a strong drive and the ability to find solutions that meet the needs of all parties involved in closing deals," said Mikko Huumo, Investment Manager at SEB Greentech VC.
Collo develops IoT analyzers for controlling and optimizing industrial liquid processes, enabling companies in the food and beverage industry to significantly reduce emissions, water consumption, and waste. The new funding will allow Collo to expand its unique solution globally.
SEB is a leading Northern European financial services group. Their Greentech Venture Capital unit invests in green technologies.
GTT Strategic Ventures
Dottir advised the lead investor GTT Strategic Ventures in the financing round of Seaber.io, a Finnish maritime software company specialising in the digitalisation of scheduling and chartering processes for bulk shipping. The round was also participated by Counterview Capital, Lifeline Ventures and Tesi.
Seaber.io stands out for its advanced expertise in integrating artificial intelligence, industry best practices and machine learning to enable shipping companies to optimise their scheduling and pre-fixture processes. GTT Strategic Ventures is the investment arm of the GTT Group.
Evolver Equity
Dottir advised Evolver Equity Ltd in the acquisition of Rajupaja Oy, a top three event equipment rental and value-added services company in the Finnish market. With the backing of Evolver, Rajupaja will continue its quest to become a nationwide leader in the industry in Finland. Rajupaja was Evolver Fund I’s sixth and last investment.
Dottir advised Evolver Equity on all legal matters related to the transaction, including debt financing. Evolver is a Finnish private equity investor and alternative investment fund manager specializing in Nordic small-cap buyouts.
Vatajankoski
Dottir advised Vatajankoski in the sale of its hydropower plant located in Kankaanpää to Locus Hydro. The sale is part of Vatajankoski’s plan to exit hydropower operations in the Karvianjoki river. The transaction ensures continuation of nearly 100 years of electricity production at the site.
Vatajankoski is an energy company focused on innovative and sustainable energy solutions. The business areas of Vatajankoski are energy efficiency and circulation, district heating and cooling and electricity distribution.
QOCO Systems Oy
Dottir advised QOCO Systems Oy, a leading provider of aviation software solutions, in its multi-million-euro financing transaction with Juuri Partners. The investment will be used to accelerate QOCO’s international expansion, mainly by recruiting new talent in software development, sales and marketing.
QOCO helps airlines, MROs, and OEMs around the world to increase their operational efficiency with advanced SaaS solutions, driving the digitalization of aircraft maintenance operations and planning. QOCO’s clients include Rolls-Royce, Finnair and TAP Air Portugal, among others. Juuri is a private equity firm supporting the development and growth of solid, established Finnish SMEs.
Sparkmind.vc
Dottir advised the lead investor, Sparkmind.vc, in the EUR 3.8 million financing round of Autovio GmbH. Nearly ten international investors, including the German tech-VC fund Coparion, participated in the round.
Berlin-based Autovio, founded in 2021, has developed a digital platform for driving schools. The startup aims to make driving school operations more efficient by digitizing and optimizing their processes as a full-service provider. 50 driving schools are already using Autovio's infrastructure.
Sparkmind.vc is a Nordic venture capital company solely focused on EdTech.
Lindström Group
Dottir advised Lindström in their IT outsourcing where Lindström outsourced its End-User Services, IT Infra Services and Application and Maintenance Services. This high-profile outsourcing case included a full procurement, RFP and negotiation process. The outsourcing of IT services will support Lindström’s objectives to strengthen digitalisation and data management throughout their organisation.
Lindström is one of Europe’s leading textile service companies with over 175 years of experience in the textile industry.
The Insurance Centre
Dottir advised the Insurance Centre in the procurement of their new IT-system which handles statistics, research, and reporting of the Finnish Motor Insurers' Centre, the Finnish Patient Insurance Centre, and the Finnish Workers' Compensation Centre. Dottir provided assistance to the Insurance Centre throughout the entire procurement project, from the RFP-phase to the final negotiations with the chosen supplier.
The Finnish Insurance Centre is the central body of non-life insurance companies in Finland.
Employment anonymous 5/2024
Dottir represented a client company in litigation related to termination of employment due to person related reasons.
PURO Finance
Dottir advises PURO Finance Oy and its shareholders in the contemplated combination with Alisa Bank Plc. Following completion of the combination, the current shareholders of PURO Finance will own approximately 40 per cent and current shareholders of Alisa Bank approximately 60 per cent of Alisa Bank’s shares.
PURO Finance is one of the fastest-growing fintech-focused factoring companies in Europe. Together with its partners, PURO Finance offers a trusted and seamless invoice financing service that combines the clients’ invoicing, financing, credit insurance, collection and bookkeeping into a smooth functioning entirety.
Alisa Bank Plc is a Finnish digital bank that helps both personal and business customers to manage their day-to-day finances in a flexible and straightforward manner.
Alvar Pet
Dottir advised Alvar Pet and its owners on the acquisition of Verkkokauppa Kivuton and on the investment from Juuri Partners.
Alvar Pet, a premier Finnish brand specializing in direct-to-consumer pet food, successfully acquired Verkkokauppa Kivuton, a Finnish online retailer dedicated to pet health. This strategic acquisition was facilitated by a significant investment from the private equity firm, Juuri Partners.
The merger of Alvar Pet and Verkkokauppa Kivuton creates the Nordics' largest online marketplace focused on pet health. It offers pet owners an extensive selection of products and diets, all developed by veterinarians and tailored to meet the individual needs of pets.
CapMan Growth
Dottir advised a consortium led by CapMan Growth in their investment in Tana Oy, a Finnish environmental technology company. CapMan made the investment together with Normet Group’s main owner Aaro Cantell and Elo Mutual Pension Insurance Company.
Tana specializes in manufacturing machines and equipment for the mechanical processing of solid waste. The company is a pioneer of using electrical control systems and artificial intelligence solutions in its equipment and has grown in recent years to a global market leader in waste pre-treatment equipment. With this investment, Tana aims for even greater growth.
CapMan Growth is the leading Finnish growth investor making significant minority investments in entrepreneur-led growth companies. This investment marks the first venture of CapMan Growth's new Equity Fund III.
NordicNinja
Dottir advised the lead investor NordicNinja VC in the EUR 36.5 million Series A funding round of Onego Bio. The round was participated by Tesi, EIT Food as well as previous investors Agronomics, Maki.vc, Holdix, and Turret. This is one of the largest early-stage startup funding rounds in the Nordics.
Onego Bio, founded in 2022, commercializes a method developed at VTT (Technical Research Centre of Finland), where the main protein of egg white, ovalbumin, is produced without production animals - in other words, egg white without chickens. With the new funding, Onego intends to focus on scaling its operations and entering the market with contract manufacturers.
NordicNinja is the largest Japanese VC in Europe, backing companies tackling the world’s carbon footprint with a focus on climate tech, deeptech, and digital society.
Employment anonymous 4/2024
Dottir represented a client company in litigation related to termination of employment due to underperformance related reasons.
Lumoa
Dottir acted as counsel for Lumoa (Lumoame Oy) in their acquisition by Netigate.
"Dottir managed the sales process very smoothly to the finish line within the given timeline. They operated with quality and acted as a cohesive team," said Carlos Del Corral, Co-Founder of Lumoa.
Lumoa, a pioneer in integrating generative AI technology into customer experience platforms, automates feedback analysis to boost satisfaction metrics, aiding companies in maintaining business growth with ease. Netigate offers a comprehensive feedback solution that caters to all surveying needs, facilitating informed decision-making for over 1500 global brands. With this merger, Lumoa and Netigate are set to become the leading European experience management platform.
Ultimate
Dottir has provided assistance to Ultimate in various legal matters, including investment rounds and corporate affairs, over the past seven years. Most notably, Dottir served as the local counsel in Ultimate's recent acquisition by Zendesk.
"Dottir has supported us through the various stages of our growth, and we extend our warmest thanks for this," stated Reetu Kainulainen, CEO and Co-Founder of Ultimate.
Ultimate is a globally renowned customer support automation platform, specializing in leveraging conversational and generative AI to help businesses enhance their customer service scalability.
Verge HealthTech Fund
Dottir advised Singapore-based Verge HealthTech Fund in their investment in Sooma Medical, the leading provider of effective brain stimulation treatments for psychiatric and neurological disorders. Sooma’s EUR 5 million financing round was led by Voima Ventures and joined also by existing investor Stephen Industries.
With the new funding, Sooma is set to help more patients globally by accelerating product development and continuing rapid expansion into new and existing markets.
Verge HealthTech Fund is first VC fund investing exclusively, and globally, in impactful healthcare technologies at the earliest stages.
Beijer Alma AB (publ)
Dottir advised the international industrial group Beijer Alma AB in its acquisition of AVS Power Oy, a leading Finnish technical wholesaler and manufacturer of pneumatics, industrial valves and compressors.
In the transaction, Beijer Alma’s subsidiary Beijer Tech acquired 100 percent of the shares in AVS Power Oy. As a part of the transaction, operational assets transferred to AVS Power Oy from the previous parent company AVS-Yhtiöt Oy. Through the acquisition, Beijer Tech strengthens its position in the Finnish market.
Beijer Alma AB is an international industrial group focused on component manufacturing and industrial trading. The Group includes; Lesjöfors, one of Europe’s largest spring manufacturer and Beijer Tech, which holds strong positions in the Nordic industrial trading- and manufacturing markets. Beijer Alma is listed on the Nasdaq OMX Stockholm Mid Cap list.
Employment anonymous 2/2024 1
Dottir represented a client company in litigation related to termination of employment due to redundancy reasons and discrimination.
Employment anonymous 2/2024 2
Dottir represented a client company in litigation related to termination of employment due to person related reasons.
Employment anonymous 2/2024 3
Dottir represented a publicly listed client company in litigation related to redeployment obligations in relation to termination of employment due to redundancy reasons.
EPV Solar Power Ltd
Dottir advised EPV Solar Power Ltd in connection with the debt financing of EPV Energy's first solar park, located in Lapua, Finland. The solar park, consisting of approximately 140 000 solar panels, is expected to have an average output exceeding 90 GWh per year throughout its life cycle, making it one of the largest in Finland.
EPV Energy, a pioneer in zero-emission energy generation, has made substantial investments in new electricity over the past few years. This renewable energy project marks a significant step forward in their plans to achieve emission-free energy generation.
Carbo Culture
Dottir advised Carbo Culture in its EUR 16 million Series A financing round, led by Temasek-owned decarbonisation fund GenZero as well as San Francisco-based venture capital firm True Ventures, and joined by Tesi and notable climate tech investors and family offices.
Carbo Culture is a climate technology company building a rapidly scalable biochar carbon removal solution for converting waste biomass into stable biochar, locking carbon safely away for centuries and generating renewable energy.
According to CEO Henrietta Moon, "Working with Dottir is wonderfully seamless and efficient. I love working with a legal partner that we can trust to deliver their best."
Greencode Ventures
Dottir advised Greencode Ventures in their investment in LiveEO GmbH, a leading provider of earth observation technologies and solutions that revolutionize infrastructure monitoring. Greencode’s investment forms a part of the EUR 10 million first closing of LiveEO’s new financing round.
The financing enables LiveEO to swiftly enter the market for European Union Deforestation Regulation (EUDR) compliance and deforestation monitoring. The company plans to utilize satellite data and AI to provide an innovative deforestation monitoring solution. LiveEO aims to position itself as a leader in this emerging market with the overarching goal of contributing to environmental sustainability and responsible resource management.
Greencode Ventures is a digital-first green transition venture capital firm supporting startups that have a positive environmental and social impact while building scalable profitable businesses.
Linio Biotech
Dottir advised biotech company Linio Biotech in their EUR 4.2 million funding round. The round consisted of existing investors as well as new angel investors familiar with the industry.
Founded in 2017, Linio Biotech’s innovation is an injectable tissue product called Tience®. The product is intended for professional use only and it helps skin naturally regenerate itself by accelerating the skin’s natural healing process. Tience® treatment can be used to repair various skin defects, such as signs of aging or unwanted visible scars. The new funding will help Linio Biotech expand the availability of its Tience® product and treatments.
Timma
Dottir advised Timma on their acquisition of Danish Melumi.
Founded in 2014, Timma is a technology company that facilitates online booking and business processes for beauty and wellness companies. Melumi is Denmark's leading online booking platform for similar services.
SpinDrive
Dottir advised cleantech company SpinDrive in their EUR 3.8 million Series A funding round. The round was led by U.S.-based Rhapsody Venture Partners and participated by existing investors Innovestor from Finland and Born2Grow from Germany.
Finnish SpinDrive provides affordable active magnetic bearings for original equipment manufacturers (OEMs). SpinDrive's frictionless bearings are smaller, more energy efficient, and more affordable than its competitors. Furthermore, the bearings require no oil to work, eliminating the need for polluting lubricants from industrial production.
The funding will enable SpinDrive to ramp up its commercial growth and improve industrial efficiency in factories worldwide.
Nordea Bank Abp, OP Corporate Bank plc and Skandinaviska Enskilda Banken AB (publ)
Dottir advised Nordea Bank Abp, OP Corporate Bank plc and Skandinaviska Enskilda Banken AB (publ) in their roles as Mandated Lead Arrangers in Terveystalo's EUR 175 million sustainability-linked term and revolving credit facilities agreement. The loan, with a maturity period of three years, has been procured for the purpose of refinancing the company's existing facilities maturing between 2023 and 2024.
Kuva Space
Dottir advised Kuva Space, hyperspectral imagery startup, in their EUR 16.6 million Series A funding round. The round was led by existing investors Voima Ventures and Nordic Foodtech VC, with participation from Singapore fund Earth VC.
Founded in 2016, Kuva Space initially built nanosatellites for organizations like the European Space Agency during its first four years. Around 2020 the company decided to pursue a hyperspectral constellation. To date, the company has successfully launched three satellites. Kuva Space now has plans to deploy up to 100 satellites by the end of the decade and aims to establish a U.S. entity.
Employment anonymous 11/2023
Dottir represented a client company in litigation related to termination of employment during the probation period and discrimination.
Firecon Group Oy
Dottir advised the sellers, represented by Evolver Investment Group Ab, in the sale of Firecon Group Oy to Writech Group, a portfolio company of Waterland Private Equity. Firecon Group is a market-leading Finnish full-service provider of automated fire extinguishing systems and HVAC solutions and services with sales of some EUR 13 million in 2022.
Warner Music Finland
Dottir advised Warner Music Finland in its acquisition of the record label business of The Fried Music, the iconic Finnish label founded by Jukka Immonen. Following the acquisition, The Fried Music's artists will join Warner Music's roster and Jukka Immonen will be appointed as Warner's new Head of A&R, effective January 1, 2024.
Warner Music Finland is the largest music entertainment company in Finland and operates across recorded music, music publishing, and artist services.
MeetingPackage
Dottir advised MeetingPackage, a leading all-in-one sales automation software specializing in venue and group bookings, in their EUR 4.6 million funding round. The round was led by Scale Capital with participation from angel investors.
For three years running, hoteliers around the globe have chosen MeetingPackage as the top venue-booking software in the Hotel Tech Awards. MeetingPackage empowers over 6000 properties, from independents to global brands, for seamless online bookings. With the new funding and product enhancements, MeetingPackage aims to extend its reach, servicing diverse customer needs in group, meeting, and event sales across various channels.
Employment anonymous 10/2023 1
Dottir represented a client company in a litigation related to unpaid salary claims.
Employment anonymous 10/2023 2
Dottir represented a client company in litigation related to termination of employment due to redundancy reasons.
Employment anonymous 10/2023 3
Dottir represented a client company director in a criminal pre-investigation process related to employment offence related claims.
Mjuk
Dottir advised re-commerce marketplace Mjuk in their EUR 2.5 million funding round. The investors in the round comprise Trind Ventures, Alliance VC, Superhero Capital, Lifeline Ventures, and angel investors.
Mjuk, launched in 2019, is an end-to-end circular marketplace, simplifying the process for both companies and consumers to sell furniture that is redundant, including second-hand items, overstock, and retailer returns that cannot be reintegrated into conventional sales channels. The funding will accelerate Mjuk’s growth towards profitability while strengthening the brand’s reputation in both B2B and B2C segments.
Starcart Oy
Dottir advised Starcart Oy, a Finnish tech startup, in their EUR 3.5 million seed funding round. The round was led by Inventure and participated by Business Finland and angel investors.
Starcart, founded in 2021, is transforming online shopping through its AI-powered e-commerce platform, which offers a centralized selection of products from various online stores. In Starcart's online store, customers can automatically discover the best prices and fastest delivery options for the products they desire.
The newly secured funding will enable Starcart to scale its operations and explore new markets across Europe.
Freska
Dottir represented Freska in a series of four investigations conducted by the Finnish Centre for Pensions. These investigations were centered on whether Freska's self-employed home cleaners should be legally considered employees. In all four investigations, the rulings favored Freska, concluding that Finnish employment legislation does not apply to them. While most of Freska's home cleaners are in an employment relationship, these decisions highlight that self-employed contractors can be a viable option for providing independent services, even by a single person.
Toyrock
Dottir advised Toyrock group in their acquisition of Ilmapallokeskus Balloon Center Oy, the leading importer, marketer and distributor of balloon and party items in Finland. Ilmapallokeskus is also owner of Juhlamaailma retail stores. For the current financial year their turnover is expected to reach EUR 12.6 million.
Toyrock is the leading marketer and distributor of toys, games and family leisure products in Finland. Evolver Fund I, controlled by Finnish private equity investor Evolver Equity Ab, continues as the largest owner of the Toyrock group. Dottir advised Toyrock group both in the M&A as well as financing of the deal.
Hydda
Dottir acted as local counsel to Swedish proptech group Hydda in its investment into indoor software provider Freesi.
Freesi, founded in 2017, offers a digital indoor climate management solution that combines AI-driven high-quality data with tenant feedback in an innovative way. The investment will play a crucial role for Freesi to achieve its goal to be a global leader in the industry.
Hydda, backed by BLQ Invest and Vasakronan, is a fast-growing Group of innovative technology companies offering solutions for the real estate industry’s entire value chain. The investment in Freesi further strengthens Hydda’s service offering in energy efficiency, ESG and Smart metering.
Fixably
Dottir advised Fixably, a globally recognized after-sales SaaS company, in their USD 10 million seed funding round. Investors participating in the round included 468 Capital, Cusp Capital, Business Finland and existing investor Icebreaker.vc.
With the investment, Helsinki-based Fixably is launching a comprehensive re-commerce management platform to extend the lifespan of over 10 billion devices. Their innovative solution, Fixably Refurb, addresses the challenges faced by re-commerce companies, including sourcing, price management, reporting, grading, and the ability to scale their business.
By enabling data-driven re-commerce operations, Fixably Refurb adds substantial value to the circular economy of consumer electronics.
Jolt Capital
Dottir advised Jolt Capital, Helen Ventures, and other investors in the EUR 85 million growth funding of Virta.
Virta provides leading-edge smart charging services for EV drivers and companies alike, with 1,000 B2B customers in 35 countries who have invested around EUR 400 million in their charging infrastructure. The entire network is used by more than half a million electric vehicles. Virta's goal is to continue to grow faster than the market.
Jolt Capital provides growth equity financing to European B2B technology companies about to go global and with current revenue from EUR 10M to EUR 50M.
Maki.vc
Dottir advised the lead investor Maki.vc in the EUR 3.9 million seed funding round of Quanscient. First Fellow Partners and Business Finland participated in the round as co-investors.
Quanscient, founded in 2021, offers fully digital R&D processes using a combination of native multiphysics algorithms, advanced cloud computing, and the prospect of future quantum integration. Their technology will revolutionize innovation and product development, enabling companies to reduce costs and time-to-market.
Maki.vc is a Helsinki-based top tier venture capital firm. Quanscient will use the seed funding to further accelerate their product development and expansion.
Employment anonymous
Dottir represented a publicly listed client in litigation related to collective redundancy and re-employment obligation.
YIT
Dottir advised YIT in their IT outsourcing, resulting in a strategic partnership with Tech Mahindra in which a significant part of YIT’s IT services will be harmonized and consolidated to one dedicated supplier. This high-profile outsourcing case included a full procurement, RFP and negotiation process. The partnership will support YIT's objectives to strengthen digitalisation and data management and improve the company's competitiveness.
YIT is the largest Finnish and a significant North European development and construction company. Tech Mahindra is a leading provider of digital transformation, consulting, and business re-engineering services and solutions.
Carbonaide Oy
Carbonaide Oy, a spin-off from VTT, is commercialising a carbon capture and storage technology that has the potential to make concrete carbon negative, significantly reducing its carbon footprint. The company has secured a total of EUR 1.8 million in seed funding to support its efforts.
Carbonaide's technology makes it possible to cut carbon emissions in half compared to traditional concrete products. Currently, they are constructing the world's first industrial pilot production line for carbon negative concrete, with plans to launch ten production units in the Nordics by 2026.
Dottir acted as Carbonaide's legal advisor throughout the spin-off process.
"We were specially happy that we got professional service covering whole spin-out process. It was not just agreements but also IPR transaction that had to be taken care of", said Tapio Vehmas, CEO of Carbonaide.
Endeit Capital
Dottir advised the lead investor Endeit Capital in the EUR 10 million funding round of IPRally Technologies Oy. The round was joined by the previous investors Join Capital, Spintop Ventures and Icebreaker.vc.
IPRally offers a patent search application sold as a SaaS cloud service. Using artificial intelligence that mimics a patent expert's thinking, the app quickly provides relevant patents from a database of tens of millions. This tool enables operators to safeguard their technology and gain insight into their competitors' intellectual property rights. IPRally will use the funding to develop its patent intelligence and grow its business in Europe and the US.
Endeit Capital is a growth equity firm that invests from its offices in Amsterdam, Hamburg and Stockholm. IPRally was their fourth Nordics investment after Stravito, Happeo and Leadfeeder (sold).
Cronvall Oy
Dottir advised Cronvall in their EUR 1.5 million seed funding round. The round was led by Innovestor and participated by certain Finnish family offices such as Inasis and Procurator.
Cronvall is a B2B marketplace that connects buyers to suppliers in the construction and industrial manufacturing industries with an on-demand online store. It brings features familiar from consumer commerce to business-to-business e-commerce, making the buying process more efficient, convenient, and fast.
With the investment Cronvall will continue to develop and expand further its platform.
Employment anonymous
Dottir represented a client company in a case relating to the application of the Act on Cooperation within Undertakings. The case was handled by the Cooperation Ombudsman.
Walker & Handson Oy
Dottir represented the seller in the sale of Finnish CX design company Walker & Handson to Digitalist Finland, a fully-owned subsidiary of Digitalist Group.
The acquisition of Walker & Handson will strengthen Digitalist Finland's management and tech & design business. The seller Jussi Hermunen has been appointed as CEO of Digitalist Finland.
"Dottir's superpower is their approachability. They are a great combination of expertise and humanity. I felt that I was in capable hands throughout the process. I am very happy with their service", said Jussi Hermunen, CEO of Digitalist Finland.
Sitra
Web 3.0 is the third generation of the internet, a development stage that aims to offer services that enable decentralised decision-making and commerce. Web 3.0 unlocks potentials for the emergence of novel business models and services, but it also requires a shared set of rules.
In autumn 2022, Sitra and Dottir collected views from the industry operators on the state of web 3.0 in Finland as well as on legislative measures aimed at advancing the development.
Based on those discussions with some of Finland's top experts, Dottir and Sitra created seven recommendations to improve business opportunities for web 3.0 companies in Finland.
Newil&Bau
Dottir advised Newil&Bau, a next-generation housing developer, in its EUR 5 million growth funding. Investors comprise, among others, a number of family offices and unicorn founders.
Newil&Bau was launched in 2020 and reached EUR 80 million in residential apartment sales in 2022. By using the latest technology, Newil&Bau offers urban dwellers a beautiful and sustainable living experience. The company's next-generation housing product, that combines ecological homes with a digital platform and the services it offers, will be launched later this year.
Employment anonymous
Dottir represented a publicly listed client in litigation related to collective redundancy and re-employment obligation.
Woamy Oy
Dottir advised Woamy in their EUR 1 million seed funding round. The round was led by CMPC Ventures and participated by Secto Design.
Woamy, an Aalto University spin-out founded in 2022, develops bio-based, recyclable and biodegradable foam with a mission to replace all harmful plastic foams. Woamy’s cellulose-based foam is superior in strength and lightness compared to other biofoams. As an acknowledgment of the significance of this innovation, the project’s researchers won the Aalto University School of Science Innovation of the Year Award in December 2022.
With the investment, Woamy aims to scale up its technology, ramp up its R&D capabilities and build a global customer base.
Employment anonymous
Dottir represented a client organization in litigation related to salary benefit claims.
The Upright Project
Dottir advised The Upright Project in their EUR 5 million seed funding round. The round was led by German-based green-tech VC Planet A Ventures alongside First Fellow Partners, a fund founded by investor Risto Siilasmaa.
The Upright Project, founded in 2017 by Annu Nieminen, builds a new type of a quantification model to measure and optimize the net impact of companies on the environment, health of people, knowledge creation and society. Upright's model is based on open science and artificial intelligence.
With the investment, Upright aims to expand their open-access database and include all businesses globally with more than 10 employees.
"We were very pleased with the cooperation with Dottir. It was easy to trust them to take care of their part of the process", said Juho Ojala, CTO of The Upright Project.
Employment anonymous
Dottir represented a client company in litigation related to termination of employment for individual reasons.
Hyperion Robotics Oy
Dottir advised Hyperion Robotics in their EUR 3 million seed funding round. The round was led by Lifeline Ventures and participated by Impact VC Übermorgen, PC Rettig & CO Impact, Goldacre and Katapult.
Hyperion Robotics, founded in 2018, aims to transform the construction industry. The company is bringing a solution of automation and sustainability to the industry by combining large-scale 3D printing with low-carbon concrete.
Thanks to the funding, Hyperion will scale up its R&D capabilities and ramp up its software and materials technology. Hyperion will also take mobile 3D printing micro-factories global.
Kapacity.io
Kapacity.io and NREP have signed a framework agreement. With the agreement, NREP's properties will be covered by Kapacity.io's electricity demand response service. Dottir was Kapacity.io's legal advisor during the process.
Kapacity.io is building the future of smart energy grids with an electricity load balancing service focused on buildings. They aim to both reduce emissions from electricity consumption and mitigate the load on the power grid.
Employment anonymous
Dottir represented a client company in a case relating to the application of the Act on Cooperation within Undertakings. The case was handled by the Cooperation Ombudsman.
Rentle Oy
Dottir advised Rentle Oy in their EUR 3.8 million seed funding round. The investors in the round comprised Tera Ventures, Anthemis, Maki.vc, Mission One Capital, The Fund as well as a number of European and US family offices and angel investors.
Rentle is a commerce platform for the circular economy providing merchants with software that makes it easy and profitable to take part in the circular economy. Rentle plans to use the funding to invest in product development to meet the rapidly growing demand from existing and new merchants.
"We have been working with Dottir since the beginning and have always been pleased with the help we get from them. Especially in this latest funding round, where we received investments from international investors who had not invested in Finland before, Dottir did an excellent job", said Tuomo Laine, Managing Director and Co-Founder of Rentle.
Tracegrow Oy
The circular economy company Tracegrow has collected a total of EUR 2.5 million in funding since last summer. Dottir advised Tracegrow in their funding process. Nordic Foodtech VC, a private equity fund that invests in food technology, invested in the company among others.
Tracegrow, founded in 2021, manufactures organic fertilizer from alkaline batteries. Manufacturing is done by crushing the batteries and separating the trace elements from it into fertilizer. The fertilizer is already sold in 15 countries.
The funding supports Tracegrow's strategy to operate internationally. The company also plans to expand into the production of raw materials for the battery industry.
Fisher King
Dottir advised Fisher King in relation to the production of the TV series Helsinki Syndrome.
Fisher King is a Finnish production company focusing on genre driven productions.
Ruokaboksi Oy
Dottir advised Ruokaboksi Oy in their EUR 3.5 million funding round. The round was led by Nordic Foodtech VC and participated by Suomen Teollisuussijoitus Oy as well as certain existing shareholders.
Ruokaboksi offers recipes along with fresh ingredients for several meals delivered to your door. Their goal is to make everyday cooking easy and effortless while reducing food waste and supporting domestic food production.
Ruokaboksi will use the funding to develop the content and selection of its products and also to expand its operations to international market.
Hoiwa Oy
Dottir advised Hoiwa in their EUR 2 million seed funding round. The investors in the round comprise Nordia Management Oy, Olli Sirkiä (Trado Capital Oy) and Rake Oy.
Hoiwa, founded in 2020, is developing a platform service that helps alleviate the chronic labor shortage in the care industry. With the help of Hoiwa's technology, more than 3,000 community nurses, practical nurses and nurses are already employed in both the private and public sectors. Fadumo Ali, the founder of Hoiwa, was chosen in 2021 as one of the influencers of the health sector in Finland and in 2022 Ali was awarded as Espoo's Entrepreneur of the Year.
Hoiwa plans to use the funding to increase the number of its employees and to expand its operations in the Central European market.
Employment anonymous
Dottir represented a client company in litigation related to fixed term employment contracts.
World Fund
Dottir advised the lead investor World Fund in the EUR 128 million Series A2 financing round of IQM Finland Oy, the leading European startup building quantum computers for HPC centers, research institutes and businesses across the continent.
World Fund is the largest European-focused climate venture capital fund. The round was also participated by Bayern Kapital, EIC Fund, OurCrowd, QCI SPV, Tofino and Varma, as well as existing investors MAKI, Matadero QED, MIG Fonds, OpenOcean, Salvia GmbH, Santo Venture Capital GmbH, Tencent, Finnish Industry Investment, and Vsquared.
IQM will use the funding to expand international business and accelerate product development, with a focus on developing quantum processors to help tackle the climate crisis.
Happeo
Dottir advised Happeo on their USD 26 million series B funding round. The round was co-led by Endeit Capital, Smartfin and Evli Growth Partners and joined by Inkef Capital, Maki.vc and Vendep Capital.
Happeo offers an intranet for fast-moving businesses for solving information chaos. Happeo's digital portal centralizes businesses’ tools, knowledge and documentation into one place - also connecting the people using them.
"Dottir has been a reliable long term partner for us. They have advised us in all our funding rounds. We are happy to continue our good cooperation with Dottir", said Perttu Ojansuu, CEO of Happeo.
Trustmary Finland Oy
Software company Trustmary Finland Oy sells its Kokemuksia.fi business to the investment and development company City Digital Group. Dottir was Trustamary's legal advisor during the process.
Kokemuksia.fi is a platform for publishing customer experiences. In recent years, Trustmary has focused more on the internationalization of its SaaS product, a testimonial tool for lead generation. With the sale of Kokemuksia.fi, Trustmary can fully focus on developing their software and growing their business.
Solnet Green Energy
Dottir advised Solnet Green Energy on their EUR 15 million funding round led by EAB Private Equity.
Solnet helps large and medium-sized companies in achieving their sustainability goals in Europe by providing various solar energy solutions and services. The company's largest markets are currently Germany, Finland, the Netherlands and Poland. Solnet is the fastest growing Finnish company producing renewable energy services on the European market.
Thoughts of Solnet Green Energy's CEO Kaj Kangasmäki on working with Dottir:
"The cooperation with Dottir went very well. Dottir handled all the important issues, avoiding pointless irrelevancies, which made the process really smooth."
Starcart Oy
A Finnish startup Starcart Oy raised EUR 1.4 million in growth funding. The funding round was led by venture capital fund Inventure.
Starcart, founded in 2021, solves the challenges of online shopping with its new kind of ecommerce consumer service. Starcart provides a platform for a centralized selection of different online stores. In Starcart's online store, the customer automatically finds the best price and fastest delivery for the product they want.
Dottir advised Starcart in the funding round. Thanks to the new funding, Starcart plans to expand its operations in Finland and later in Europe.
Employment anonymous
Dottir represented a client company in litigation related to termination of employment during probation period.
Knowit AB (publ)
Dottir advised digital transformation consultancy firm Knowit AB (publ) in its acquisition of the Finnish strategy, branding and commercialization agency Marketing Clinic. Marketing Clinic, established in 2004, has a strong market position in Finland and great reputation in the fields of management consulting, branding and customer insight.
Through the acquisition, Knowit strengthens its position in management consulting on the Finnish market and broadens its offering in growth and commercial strategy.
Employment anonymous
Dottir repsented a client company in a series of disputes relating to termination of employment for individual reasons, as well as breaches regarding, e.g. the client’s trade secrets.
Inderes Plc
The investor services company Inderes Plc makes a minority investment in HC Andersen Capital (HCA), a Danish provider of investor communications services and equity research. As a result of the transaction, Inderes holds a 20-percent stake in the company. The transaction is carried out partly in cash and partly in a directed share issue.
"This collaboration opens up an effective way for us to expand into new markets", said Mikael Rautanen, CEO of Inderes.
Dottir was Inderes' legal advisor during the process.
Witted Megacorp
13 May 2022 was a remarkable day for next-generation software development company Witted Megacorp Plc, as the company was listed on Nasdaq First North Growth Market.
Dottir was Witted’s legal advisor during the IPO process. Here are some thoughts of their CFO Teemu Tiilikainen on working with Dottir:
"Even though words like legal due diligence can be a bit scary at first, Dottir was there through the ups and downs, holding our hand and advising us on our questions. For me it seems their flexibility, agility and can-do attitude are a breath of fresh air in their business."
CapMan Growth
Nordic growth investor CapMan Growth invests in and becomes minority owner of Cloud2, the leading multi-cloud house in Finland. Helsinki-based Cloud2 is focused on developing and managing cloud environments. They hold broad expertise and challenge the markets with a bold straightforward approach.
Dottir assisted CapMan Growth in the investment. Here's some feedback we got from CapMan Growth's partner Heikki Juntti:
"The whole process with Dottir was really efficient and fast. Overall everything went smoothly, which we are very happy with."
Zevoy
Dottir advised Zevoy in its EUR 15 million series A funding round. The round was led by Blossom Capital and joined by previous investors Maki.vc and Brightly Ventures.
Zevoy, founded in 2020, offers a seamless and efficient expense management solution for companies. Zevoy is currently the leading expense management solution in Finland and is also expected to secure a Credit Institution license in 2022.
Irofit Technologies/ZirooPay
Dottir advised Irofit Technologies Oy/ZirooPay in the USD 11.4 million series A financing round. The financing round was led by the Lagos-based venture capital fund Zrosk Investment Management.
With their patented technology Lagos- and Helsinki-based ZirooPay provides offline mobile POS solutions for retailers operating in areas where there is no data coverage.
Fastroi
Dottir advised the shareholders of Fastroi Oy in the divestment of the company to myneva Group GmbH and their related reinvestment. Fastroi is a leading Finnish IT provider of ERP systems for home care and housing services as well as CRM systems for child care services.
myneva Group is a leading IT system provider of social and nursing services in Germany. The company has offices also in Austria, Switzerland and the Netherlands.
FOV Ventures
FOV Ventures has launched an investment fund specialising in metaverse investments with a target size of EUR 25 million. FOV Ventures is looking to back some 25–30 metaverse startups.
Dottir advised FOV Ventures on the formation of their investment fund. This is the feedback we got from FOV Ventures' founding partner Petri Rajahalme:
"Dottir truly helped us along the way with their hands-on approach. We got efficient and expert advice to all of our questions."
Employment anonymous
Dottir represented a client company in a case relating to claimed gender discrimination. The case was handled by the Ombudsman for Equality.
Employment anonymous
Dottir represented a client company in litigation procedures related to several terminations of employment for individual reasons.
Solar Foods
Dottir advised Solar Foods Oy in their facility investment project in which the Pharmacy Pension Fund is investing EUR 10 million in the Factory 01 facility. Factory 01 will serve as Solar Foods’ platform for scaling up the production of Solein, an innovative protein grown out of microbes cultured with electricity and air. Solar Foods is continuing to invest over EUR 20 million in Factory 01, taking total investment in the facility to EUR 35 million.
Pasi Vainikka, CEO and co-founder of Solar Foods, commends the cooperation with the pension fund and the entire advisory team: “I’m proud that we are able to demonstrate a unique set-up supporting the progress of a deep-tech start-up while creating a sustainable investment case."
Videoly
Dottir advised Videoly in its EUR 6 million series A funding round. The round was led by Swedish VC Alfvén & Didrikson and joined by previous investors Vendep Capital, Reaktor and Kim Väisänen.
With their product video management solution Videoly helps brands and retailers automatically connect product videos with online stores. This brings the in-store experience closer to e-commerce. The Helsinki-based startup’s solution is used by over 400 online retailers and brands globally.
e-ville
Dottir advised sole shareholder of e-ville.com in the acquisition of the company by Verkkokauppa.com Oyj. E-ville is an online store headquartered in Finland with operations in China. The acquisition is the first in the history of Verkkokauppa.com. The acquisition supports Verkkokauppa.com's strategy to strengthen and expand its assortment in own brands. With the acquisition, Verkkokauppa.com will get e-ville’s experienced sourcing organization operating in Shenzhen, China and Hong Kong.
Vincit
We have had the pleasure of being involved in the possible merger of Vincit and Bilot.
This is the feedback we got from our client Vincit:
"Dottir advised Vincit on a potential merger and was an integral part during the whole negotiation and agreement forming process. We were most happy with their expertise, flexibility and overall good vibe with everyone involved. High Recommendation." - Chief Operations & Legal Officer, Vincit
Disior
Dottir advised the shareholders of Disior on the sale of the company to Paragon 28 [NYSE: FNA], a Colorado-based foot and ankle medical devices company.
Disior develops 3D image analytics software for clinicians. Each anatomy-specific module of Disior's software enables clinicians to have the data needed for diagnosis, creating patient-specific surgical plans and assessing treatment outcomes.
Dispute Resolution
Dottir successfully represented a Finnish growth company and its majority shareholders in a dispute against minority shareholders of the company. In the case, minority shareholders claimed compensation on various grounds for transfering the brand and related rights to another company owned by some of the same individuals.
Dispute Resolution
Dottir represented a multinational consumer services company in an arbitration regarding a franchising agreement. In the case, a franchisee claimed liquidated damages based on non-performance of the franchisor’s obligations in relation to a Master Franchise Agreement. In its counterclaim, the franchisor claimed liquidated damages for its part for breaches of the franchisee's obligations derived from the same MFA.
Dispute Resolution
Dottir successfully represented two Singapore-based venture capital companies in an arbitration relating to an investment round of a Finnish growth company. In the case the investors claimed payment of the agreed compensation in accordance with the parties’ fundraising and partnership agreement. The respondent disputed the claims alleging that the investors had neglected its duties under the parties’ agreement.
Dispute Resolution
Dottir successfully represented a founder of a health technology start-up in international arbitration proceedings regarding alleged breaches of a CEO agreement and shareholders’ agreement, as well as an allegation of said individual’s bad leaver status.
Dispute Resolution
Dottir represented an asset management group, in a series of cases relating to an employee’s/shareholder’s hostile takeover attempt that led to the termination of the person’s employment. The incident, potentially threatening tens of millions of euros of assets under management, generated several legal proceedings, including litigation and arbitration as well as administrative proceedings. The cases revolved mostly around employment and corporate law, but there were also connections to e.g. trade secrets and data protection issues.
Employment anonymous
Dottir represented a client company’s CEO in a criminal investigation relating to trade secret related claims.
Nordic Ren-Gas
Dottir advised Nordic Ren-Gas Oy in their investment round, where they received growth funding from Ilkka Herlin’s investment company.
Ren-Gas is a sustainable energy developer building a decentralized clean P2X gas production and distribution network in Finland for the heavy transportation sector.
Project A Ventures
Dottir advised the lead investor, Project A Ventures, in the USD 4.4 million financing round of Flowrite Oy. Other investors joining the round include Moonfire Ventures as well as previous investors, Lifeline Ventures and Seedcamp. New angel investors, including Ilkka Paananen (CEO & Co-founder of Supercell), Sven Ahrens (Director of Global Growth at Spotify) and Johannes Schildt (CEO & Co-Founder of Kry), also participated.
Flowrite is helping the world to communicate in writing with their unique AI-powered writing productivity tool.
Project A is one of the leading venture capital firms in Europe. As an operational VC, Project A invests in digital companies and provides them with hands-on support.
Employment anonymous
Dottir represented a publicly listed client company in litigation related to salary benefit claims.
Mainframe Industries
Dottir advised Mainframe Industries on their $22.9 million funding round led by Andreessen Horowitz and a new set of investors.
Mainframe Industries is building one of the first cloud-native MMO (massively multiplayer online) games, a social sandbox playable across mobile, PC and console.
SpinDrive
Dottir advised SpinDrive Oy, a Finnish cleantech company, in their EUR 1.6 million pre-Series A funding round led by Innovestor.
SpinDrive improves the energy efficiency of industrial processes by providing active magnetic bearings to equipment manufacturers easily and affordably.
Alertum
Dottir advised the owners of Alertum in the sale of the company’s stock to Presto Paloturvallisuus Oy, a leading fire safety company in the Nordics.
Alertum is a work safety training company founded in 2009, providing work safety training annually to over 20,000 professionals in different fields.
Are
Dottir supported Are Oy in the procurement of its new Enterprise Resource Planning (ERP) system from Unit4.
Are is a leading provider of technical building services for the entire life-cycle of properties, from the initial construction phase and maintenance to modernisation and renovation.
Sparkmind.vc
Dottir advised Sparkmind.vc on their investment in Freeed.com, the Finland-based teacher platform facilitating peer-to-peer support and professional development of teachers. Supercell CEO Ilkka Paananen joined the round along with few other private and institutional investors.
Sparkmind.vc is the first Nordic venture capital company focused on the learning sector, and this is the 8th investment for their EUR 55 million fund.
Inderes
Dottir advised Inderes in their initial public offering on First North marketplace. Inderes, which is a Nordic investor hub providing analysis services, is a very prominent company in the Finnish investor and listed company scene. For this reason the IPO was important and gained a lot of public attention. The IPO led to Inderes gaining 10,000 new shareholders.
Kuva Space
Dottir advised Kuva Space in their seed funding round of EUR 4.2 million from deep tech VC fund Voima Ventures and Nordic FoodTech VC, the ESA InCubed programme and VTT Technical Research Centre of Finland.
Kuva Space, formerly known as Reaktor Space Lab, provides real time precision agriculture and global carbon sequestration from space. Their mission is to improve life on Earth through daily, space-borne hyperspectral imaging and AI. The company aims to be the global source for actionable data for preventing the destruction of biodiversity and ecosystems.
Silverbucket
Dottir advised the shareholders of Silverbucket Oy, a Finnish SaaS company, in the sale of the company to EG, a leading Nordic software company.
Silverbucket provides project resource management software especially for architectural groups and consulting engineers. Silverbucket was established in 2010 and is headquartered in Tampere, Finland.
EG is a market leading vendor of industry-specific, standard software for private and public customers in the Nordics. EG's SaaS offerings are developed by specialists with deep industry and domain knowledge, supporting business-critical and administrative processes. EG employs 1,500+ people primarily in the Nordics and in 2020, Group revenue was DKK 1.4 billion.
Cloud4VR
Dottir advised Cloud4VR on setting up a distribution agreement with Tower Tag, one of the world’s largest virtual reality eSports games. The futuristic paintball game will be played in 600 virtual game parks around the world using Cloud4VR’s unique platform.
Founded in Finland, Cloud4VR is a global cloud-based platform for digital content securing, distributing, management, and usage metering for XR devices.
Trustmary
Dottir advised Trustmary on its first funding round of EUR 1.86 million. The round consisted of a EUR 1.15 million equity investment from Vendep Capital and a loan of up to EUR 750 000 from Business Finland. The funding will be used to strengthen the company’s marketing and development teams and to drive growth especially in the United States.
Founded in 2016 and headquartered in Jyväskylä, Trustmary is a fast-growing marketing platform with offices in Finland, Sweden, and the USA.
Maki.vc
Dottir advised Maki.vc on the formation of their second investment fund with a target size of EUR 100 million.
Maki.vc is a Helsinki-based top tier venture capital firm founded and managed by Nordic veterans of the ICT sector, startup scene, and venture capital industry. Maki.vc focuses on deep tech companies and brand-driven startups and is one the most active venture capital investors on the Finnish market.
Playtika
Dottir Attorneys advised Playtika Holding Corp. on their acquisition of Reworks Oy, a Helsinki based game studio. The deal value is USD 600 million.
Playtika is a Nasdaq listed mobile games company with over 34 million monthly active users playing its titles.
Reworks is a fast-growing game studio in a lifestyle content market, best known for the home design application “Redecor”.
Employment anonymous
Dottir represented a client company in litigation related to termination of employment for individual reasons.
Employment anonymous
Dottir represented a client company in litigation related to termination of employment for individual reasons.
Nordic FoodTech VC
Dottir advised Nordic FoodTech VC on its investment in Melt&Marble (formerly Biopetrolia). Other investors in the EUR 750k seed round include Paulig’s venture arm PINC, Purple Orange Ventures, and Chalmers Ventures.
Melt&Marble, based in Sweden, is on a mission to make plant-based food taste better. Their technology enables them to engineer the metabolism of yeasts and mimic any fat structure as well as create new and better fats.
RealMachinery
Dottir advises UM Yhtiöt, CapMan Growth Fund and the other shareholders of RealMachinery in the sale of the company to Wihuri Group. The transaction is subject to the approval of the competition authorities.
RealMachinery is a nationwide full-service machinery company, which imports, sells and rents out earthmoving machinery. In addition to this, the company’s operations include sales of used machinery, servicing and repairs, leasing, and sales of spare parts, giving them a strong value chain. In 2020, RealMachinery Group recorded net sales of EUR 75 million and employed about 100 people.
Tracegrow
Dottir advised Tracegrow, a company producing organic fertiliser from used batteries, in its EUR 1.5 million financing by Taaleri.
Tracegrow is the leading cleantech company for waste recycling located in Finland, driving the development of circular economy based on its patent protected breakthrough technology and low carbon products.
Zaron
Dottir advised Zaron in its investment in Nokeval, a Finnish technology and electronics company developing and manufacturing IoT measuring solutions.
Nokeval has developed IoT applications since the early 2000s and has developed and manufactured more than 500 device models. Nokeval helps its customers develop their business operations to be more intelligent and responsible. Nokeval’s customers operate e.g. in construction, environment, food production, hygiene and basic industry.
Maki.vc
Dottir advised Maki.vc in the USD 4.4 million financing round of Pixieray. Other investors in the round were First Fellow, Amazon Alexa Fund, Firstminute capital, Bragiel Brothers and certain individual investors.
Pixieray modernizes traditional eyeglass optics by introducing a pioneering adaptive solution giving anyone perfect vision.
Veri
Dottir advised Veri in their USD 4 million funding round led by PROFounders, and accompanied by e.g. Lifeline Ventures and Accel. Veri is a food intelligence company that has developed a wearable glucose sensor and an accompanying app that can help people make better food choices and improve the state of their metabolic health.
Quicksave Interactive
Dottir advised Quicksave Interactive in their USD 1.5 million financing round, led by Konvoy Ventures. The funding will be used to create HTML5-based social games.
Quicksave Interactive is a Finnish game studio that develops quality games and game development tools for the new social and quick-paced chat environment.
CapMan Growth and Mandatum Private Equity
Dottir advised CapMan Growth and Mandatum Private Equity in their minority investment in Sofigate.
Sofigate is a business technology transformation company with approximately 600 employees in Finland, Sweden and Denmark. Sofigate helps its customers develop the interplay between business and technology: to design, build and implement transformations and business-friendly technology solutions. The company utilizes the Business Technology Standard and the world’s leading technology platforms such as ServiceNow, Salesforce, Oracle, SAP and Google Cloud. Sofigate aims for an annual turnover of EUR 500 million by 2025.
Woodly
Dottir advised Woodly, a pioneer in developing wood-based plastic, in their EUR 3 million growth financing by Vesa Puttonen, Lauri Rosendahl, Small Giant Games founders and Taaleri Impakti, among others. The new growth funding will be used for commercialisation and internationalisation of Woodly's product innovation.
Woodly strives for a “world without waste” and has developed wood-based plastic that works in both production and products, but is 100% carbon neutral and reduces the need for the use of fossil raw materials. The company aims to launch several products into international markets to help companies exit the fossil economy, reduce their carbon footprint and support the circular economy.
Carrot Revolution
Dottir advised Carrot Revolution, a Finnish food and EdTech start-up, in its pre-seed funding round which was led by PINC which is a venture arm of Paulig Group and Aristo Invest and TukkuHeino, owned by Heino Family.
The Carrot Kitchen app guides children through a step-by-step process with interactive videos and voice instructions. The service is developed in a fun and game-like way with several elements that will keep the children engaged, including points and reward systems topped with fun cooking challenges.
3DBear
Dottir advised Finnish edutech startup 3DBear in raising EUR 1.5M of funding from Californian VC Brand Capital International and Finnish Oppiva Invest.
3DBear provides tools for creative learning using virtual technologies. The new funding will be used to accelerate growth in the markets of India and the US.
Jolt Capital, Finnish Industry Investment and Vertex Growth
Dottir advised lead investor Jolt Capital and co-investors Finnish Industry Investment (Tesi) and Vertex Growth in the EUR 30 million financing round of Virta, a leading electric vehicle charging platform company.
The Virta platform allows industries to expand their business in EV charging with a market proven solution integrating electric mobility as a flexibility element of the sustainable energy system. Virta is one of the fastest growing companies in Europe (FT 1000).
Jolt Capital provides growth equity financing to European B2B technology companies about to go global. Vertex Growth is dedicated to partnering with exceptional entrepreneurs and promising companies on the cusp of growth. Tesi is a state-owned investment company that wants to raise Finland to the front ranks of transformative economic growth.
Carbo Culture
Dottir advised Carbo Culture in their EUR 5.2 million financing round led by Silicon Valley VC True Ventures and co-led by European early-stage VC Cherry Ventures. Other investors included Swiss climate investor Übermorgen Ventures.
Carbo Culture converts woody waste into functional biocarbons to remove CO2 out of the atmosphere. The new funding will be used to grow the team and build one of Europe’s largest carbon removal facilities.
Sellforte Solutions
Dottir advised Sellforte Solutions Oy in their EUR 4 million financing round led by Portuguese Sonae IM, with Bonnier Ventures and Icebreaker.vc as co-investors.
Sellforte offers a unique AI-enabled marketing optimization platform for retailers and consumer brands.
Sonae IM is the technology investment arm of Sonae Group.
Viima Solutions
Dottir advised the shareholders of Viima Solutions Oy, a Finnish innovation management SaaS provider, in the sale of the company to HYPE Innovation, a German software company backed by Main Capital Partners.
Viima, established in 2013, is a SaaS company specialized in innovation management. Viima helps organizations to collect and manage ideas to make more innovation happen. The company’s diverse customer base ranges from small teams to Global Fortune 500 companies in approximately 30 different countries across the globe. Viima was fully owned by its founders and key employees.
HYPE, established in 2001, started out as a spin-off from DaimlerChrysler. Today, HYPE is one of the global leaders in innovation software.
AMAVI Capital
Dottir advised AMAVI Capital, the lead investor in GBuilder’s EUR 2 million financing round. GBuilder’s existing investors, Butterfly Ventures and Vendep Capital joined the round along with few select angel investors.
GBuilder’s product is a building information modeling (BIM) compatible software that digitises residential and commercial properties, allowing customers to walk through the space using 3D and VR visualisations. The product is already widely used by Scandinavia’s largest residential developers, such as YIT, Bonava, and Hartela.
AMAVI is a Pan-European investor established to support growth of the leading and most promising companies active in the PropTech industry.
Envera
Dottir advised the shareholders of Envera Oy, including its founders and Taaleri Circular Economy Fund, in the agreed sale of a majority stake in the company to Norvestor.
Envera’s Smartvatten solution is a market-leading SaaS service for real-time monitoring and reporting of water consumption in buildings.
Norvestor is a private equity firm that has partnered with Nordic businesses for nearly three decades. Sustainability is a key aspect of their investment philosophy.
Visy
Dottir advised the owners of Visy Oy in the sale of the company to Sensebit Intressenter AB and in the re-investment by the owners to Sensebit Intressenter AB whose largest shareholders is Helix Kapital.
Visy, founded in 1994, is a leading global supplier of software for image recognition and automation based on AI and deep learning solutions in the transportation infrastructure market. Visy’s customers include industrial companies, ports, and terminal operators as well as border control authorities in 25 countries. The company is headquartered in Tampere, Finland.
Sapphire Ventures
Dottir advised Sapphire Ventures, the lead investor in USD 16 million investment round for Flowhaven, the leading brand licensing management platform provider.
Flowhaven, Licensing Suite helps brands to manage their licensing partnerships. Their licensing management platform automates the brand licensing workflow process.
Flow Festival
Dottir defended Flow Festival against charges for environmental infraction. On 14 December 2020 the District Court of Helsinki dismissed all charges brought against Flow Festival. The trial is characterised as a precedent for the entire event industry.
Flow Festival was charged for surpassing noise limits set by the City of Helsinki during the festivals in 2017 and 2018. In the trial, it was left uncertain whether the limits had actually been exceeded. This was due to the effect of weather conditions, the location of the measuring point and its distance from the sound source. Also, the Court concluded that Flow Festival had taken all measures possible in order to decrease the volume without compromising public safety.
Flow Festival is a music festival taking place at the historic Suvilahti power plant area close to the Helsinki city centre yearly in mid-August.
ReceiptHero
Dottir advised ReceiptHero in their EUR 2 million seed financing round that was led by Lifeline Ventures with Superhero Capital as well as existing investor Vidici Ventures as co-investors.
ReceiptHero is on a mission to digitalize receipts and is developing a platform for digital receipt data, uniting banks, vendors, and consumers.
ultimate.ai
Dottir advised ultimate.ai in their USD 20 million series A round which was led by Omers Ventures with Felicis Ventures and existing investors HV Capital and Maki.vc as co-inventors.
ultimate.ai is a leading virtual customer service agent builder which has nearly 100 customers signed to the platform, including Telia and Finnair. The funds will be used to expand operations in North America and Europe.
CapMan Growth and Finnish Industry Investment
Dottir advised CapMan Growth fund and Finnish Industry Investment (Tesi) in their EUR 12 million investment in Unikie, a Finnish AI & deep tech startup.
Unikie, one of the fastest growing technology companies in Finland, is founded in 2015 and it develops software technology platforms for autonomous vehicles. Unikie’s main segments are car industry, smart machinery, industry 4.0 and telecommunications.
Carital Group
Dottir advised the sole seller in the sale of Carital group (Carital Oy together with its subsidiary MediMattress Oy) to Direct Healthcare Group.
Carital Group is a manufacturer of a comprehensive range of pressure area care and patient handling solutions. A British-based Direct Healthcare Group is a leading European manufacturer of pressure care, patient handling and specialist seating solutions.
Fisher King
Dottir has advised Fisher King Oy in various legal matters relating to Sorjonen (Bordertown) series and the upcoming Sorjonen: Mural Murders movie.
Fisher King, founded in 2013, is a company dedicated to creation, holding and licensing of Intellectual property.
AppFollow
Dottir advised AppFollow in their USD 5 million Series A round led by Nauta Capital, alongside existing investors Vendep Capital and RTP Global participating.
AppFollow is the fully remote all-in-one app management company and helps 70,000 companies including McDonald’s, Disney, Expedia and others, to manage apps at scale. The funds will be used to accelerate into new markets, diversify its customer offering, and hire new talent.
Central Finland Health Care District (Keski-Suomen sairaanhoitopiiri)
Dottir acted as the legal counsel for the Central Finland Health Care District (Keski-Suomen sairaanhoitopiiri) in the procurement of the new Health and Social Information System from Cerner Ireland Limited.
The value of the 10 year agreement is approx. 286 MEUR and the new system will serve more than 700.000 patients throughout Finland.
The case is one of the biggest IT-procurements in Finland during 2020.
Arvo Sijoitusosuuskunta
Dottir advised Arvo Sijoitusosuuskunta in their EUR 3 million investment in Valve Group, a full-service marketing and communications agency of the digital era.
Arvo Sijoitusosuuskunta is a regional investment cooperative which is owned by its 25,000 members. The cooperative has its roots in the telephone business, which was founded more than 100 years ago.
HappySignals
Dottir advised HappySignals in their EUR 4.7 million series A round which was led by Nauta Capital with Vendep Capital as a co-investor.
HappySignals is a Finnish startup and a provider of an employee experience management platform making experience data visible, understandable and connected to operational data in IT. The funds will be used to further HappySignals’ mission and expand operations in Europe and the US.
Disior
Dottir advised Disior in their EUR 1.7 million funding from Maki.vc and Tesi alongside existing investors. The funding will support the commercialisation of Disior's newly CE-marked product Bonelogic Ortho Foot and Ankle.
Disior develops 3D analytics software for medical doctors that analyses, quantifies and parameterizes medical images. Disior's software is being used in Maxillofacial and Orthopedic surgery all over the world.
Maki.vc
Dottir advised Maki.vc, the lead investor together with German firm TS Ventures, in EUR 1 million seed round for CarbonCloud.
CarbonCloud is a Swedish start-up that helps companies within the food industry to calculate their climate footprints of their products. The platform is used in-house e.g. by brands Oatly and Nude.
Videoly
Dottir advised Videoly in their financing round to accelerate international growth especially in North America. The round was led by Vendep Capital and joined by few selected angel investors.
Videoly provides a smooth product video platform for brands and online retailers.
Solar Foods
Dottir advised Solar Foods, a company producing a unique single-cell protein out of thin air, in their series A round with EUR 15 million new financing. This was the largest food-tech financing round in Finland to date and it was led by Fazer Group with Bridford Investments Limited, Agronomics Limited, Lifeline Ventures and CPT Capital.
Solar Foods is the first company capable of producing food by using air-captured CO2, including the preparation of the actual final food products. Solar Foods produces an entirely new kind of nutrient-rich protein, Solein®, by using air and electricity as its primary raw materials. This process revolutionises food production, as the production of Solein is non-dependent on agriculture, climate, or the weather.
Kemijoki Oy
Dottir advised Kemijoki Oy in outsourcing the technical maintenance and operations of their hydropower plants at the Kemijoki and Lieksankoski watercourse area to Caverion Industria Oy.
Kemijoki is the most significant producer of hydropower and regulating power in Finland. The objective of the partnership between Kemijoki and Caverion is to continue ensuring sustainable and innovative hydropower production in Northern Finland.
Finlayson
Dottir advised Finlayson, a Finnish textile manufacturer, in a subcontract of delivering surgical masks to The National Emergency Supply Agency (Huoltovarmuuskeskus).
Finlayson will provide over 60 million surgical masks in collaboration with MedKit Finland, a Finnish company providing emergency and other healthcare supplies.
Maki.vc
Dottir advised Maki.vc, the lead investor in EUR 1 million seed round for Alvar Pet, a Finnish start-up focusing on making pet food even more climate-friendly.
JB Nordic Ventures (NordicNinja)
Dottir advised JB Nordic Ventures (NordicNinja) in the EUR 46 million C round funding of Varjo, in which new investors Finnish Industry Investment, NordicNinja and Swisscanto Invest by Zürcher Kantonalbank and existing investors Lifeline Ventures, Atomico, EQT Ventures and Volvo Cars Tech Fund invested in the company.
Varjo is creating the world’s most advanced VR/XR hardware and software for industrial use, merging the real and virtual worlds seamlessly together in human-eye resolution.
CapMan Growth
Dottir advised CapMan Growth fund, the lead investor in EUR 5 million investment round for Neural DSP technologies, an AI powered creator of cutting edge sound processing software and hardware for musicians.
CapMan is a leading Nordic private assets management and investment company.
Sparkmind.vc
Dottir advised Sparkmind.vc in their seed investment in Playvation, a provider of children’s language learning resources. This investment is aimed to accelerate the international growth of Moomin Language School, Playvation’s core product.
Sparkmind.vc is the first Nordic venture capital company focused on the learning sector, and this is the fourth investment for their EUR 40 million fund.
Ticker Software
Dottir advised the shareholders of Ticker Software on its sale to Euronext Corporate Services (a wholly owned subsidiary of Euronext).
Ticker Software is a Helsinki-based provider of regulatory technology solutions. Euronext is the largest stock exchange in Europe and sixth largest in the world.
Sparkmind.vc
Dottir advised Sparkmind.vc, the lead investor in EUR 1.5 million seed round for Kide Science, a Finnish provider of early childhood science learning. This financing is aimed to accelerate the company’s growth in Asia and across key international homeschooling markets.
Sparkmind.vc is the first Nordic venture capital company focused on the learning sector, and this is the third investment for their EUR 40 million fund.
Happeo
Dottir advised Happeo in their USD 12 million series A round to further disrupt the intranet industry. The investment round was led by INKEF Capital with support from the previous investors DN Capital, Maki.vc and Vendep Capital.
Happeo is a provider of the community-powered employee communications platform that acts as a company’s news stream and enterprise social network, combined into a branded intranet environment.
Sparkmind.vc
Dottir advised Sparkmind.vc, the lead investor in EUR 1.1 million seed round for School Day, a student wellbeing solution provider.
Sparkmind.vc is the first Nordic venture capital company focused on the learning sector, and this is the second investment for their EUR 40 million fund.
Zadaa (Digital Fabric Oy)
Dottir advised Zadaa (Digital Fabric Oy), an online marketplace for secondhand fashion, in their EUR 4 million financing round. The company received investments from Begin Capital, Superhero Capital and Impulse VC to accelerate its international growth.
Zadaa is the world’s first marketplace to make selling and buying secondhand as simple as in an online store.
JB Nordic Ventures
Dottir advised JB Nordic Ventures (NordicNinja) in the EUR 4.5 million A round financing of Logmore Oy, a Finnish seamless QR data logging service pioneer. The financing round was led by NordicNinja and the other investors included the existing investor Icebreaker VC and new investors Trind Ventures, Tekton Ventures, and Jaakkoo-Taara.
NordicNinja is a deep tech focused venture capital firm with over 100 million euros for supporting scale-up goals in the Nordic and Baltic region.
Neuro Event Labs
Dottir advised Neuro Event Labs, a Finnish health tech company, in their EUR 3.9 million series A round in which Hadean Ventures, SHS Capital and Maki.vc invested in the company to accelerate its international growth.
Neuro Event Labs offers significantly more personalized, accurate and scalable AI-powered diagnostics to treat up to 65 million epilepsy patients worldwide, responding to the increased demand for remote healthcare solutions.
Kemijoki Oy
Dottir advised Kemijoki Oy in its procurement of maintenance, environmental and safety work for its hydropower plants from Mitta Oy during 2021-2023.
Kemijoki Oy is the most important producer of hydropower and regulating power in Finland. The company owns 20 hydropower plants located at the Kemijoki watercourse area, River Lieksanjoki and River Kymijoki.
Starberry Games
Dottir Berlin advised StarBerry Games, an award-winning mobile games studio, in their series seed round which was led by byFounders.
Berlin based StarBerry Games aims to build genre-leading games by identifying innovation opportunities in selected casual games genres. They plan to combine trending and interesting game mechanics with familiar game design elements, to craft unique gameplay experiences for broad audiences.
Mainframe Industries
Dottir advised Mainframe Industries, a pan-Nordic gaming company with studios in Helsinki and Reykjavik, in their EUR 7.6 million series A round.
The investment round was led by Andreessen Horowitz (a16z) with support from previous investors Maki.vc, Play Ventures, Sisu Game Ventures and Crowberry Capital, and a new investor Riot Games.
This was the first time when a16z or Riot Games is investing in the Nordics.
Sparkmind.vc
Dottir advised Sparkmind.vc, the lead investor in EUR 3.4 million series A round of Fuzu, a career acceleration platform focused on emerging economies.
Sparkmind.vc is the first Nordic venture capital company focused on the learning sector.
JB Nordic Ventures
Dottir advised JB Nordic Ventures (NordicNinja) in its and ITOCHU’s EUR 6 million A-round investment in Sensible 4, a Finnish autonomous driving technology pioneer specializing in autonomous driving software for demanding and harsh weather conditions.
NordicNinja is a venture capital firm with over 100 million euros for supporting scale-up goals in the Nordic and Baltic region. ITOCHU is one of the largest Japanese trading companies.
Howspace
Dottir advised Howspace in EUR 1.6 million bridge funding to gear up its international growth.
Howspace is a dialogue-driven learning and organizational development platform which has around 200 000 active users. The clients span from consulting firms to enterprises and unions, as well as city administrations and governmental offices.
Micro Aided Design Oy (M.A.D.)
Dottir advised shareholders of Micro Aided Design in their sale of majority stake in the company to Evolver Equity. A Helsinki based Micro Aided Design is Finland's leading specialist in building information modeling and offers a wide range of BIM tools and related training and consultancy services to architect offices and other building related companies.
Simultaneously, Evolver Equity Fund I acquired majority stakes in Graphisoft Norge (Norway) and Nolliplan (Sweden), and the acquisition is accelerating the digitalization of the construction business in the Nordic countries by combining the leading open BIM application companies in the Nordics.
UpCloud
Dottir advised UpCloud in their EUR 18 million funding to accelerate UpCloud’s international growth. Investors in this investment round are Connected Capital & Partners, Finnish Industry Investment (Tesi) and Inventure.
UpCloud is a European cloud service provider offering the world’s fastest cloud servers on an hourly billed infrastructure-as-a-service from its data centres in Amsterdam, Chicago, Frankfurt, Helsinki, London, San Jose, and Singapore.
Sulapac
Dottir advised Sulapac, a company manufacturing biodegradable and microplastic-free material, in their EUR 15 million series A round in which Chanel, Mousse Partners, Sky Ocean Ventures, Bonnier Ventures and Lifeline Ventures invested in Sulapac.
Sulapac’s mission is to save our planet from plastic waste. Last year Sulapac was selected among top-100 hottest startups in Europe by WIRED. Sulapac has innovated a material which is safe by design, sustainable, recyclable and biodegrades fast without leaving microplastics behind.
CapMan Growth
Dottir advised CapMan Growth fund in their investment in Insplan, an independent power, communication and lighting grid engineering company.
CapMan is a leading Nordic private assets management and investment company.
TRUST ESPORT VC Fund
Dottir Berlin advised TRUST ESPORT VC Fund in their investment in the esports engagement platform Kokyo.gg by Berlin based PatronGG GmbH.
TRUST ESPORT VC Fund is a venture capital fund for esports technologies.
JB Nordic Ventures, Industrifonden
Dottir provided legal advice to JB Nordic Ventures (NordicNinja) and Industrifonden in the series A round of EUR 3.9 million into Combinostics, a Finnish health tech pioneer developing software platform for early-stage Alzheimer’s diagnosis.
NordicNinja is a venture capital firm with over 100 million euros for supporting scale-up goals in the Nordic and Baltic region.
Industrifonden is a Swedish venture capital investor managing EUR 700 million fund with a Life Science and Technology focus.
Huhtala Logistics
Dottir advised Huhtala Logistics in their acquisition of temperature-controlled food transport business in Seinäjoki along with the customer solutions, the property used for producing the services and the related contracts from Posti.
Huhtala Logistics is a growing family business that offers logistics services.
Finnish Industry Investment (Tesi)
Dottir advised Finnish Industry Investment in their investment in Fira Group, a construction company for a new era.
Tesi is a state-owned investment company, which mission is to develop Finland’s venture capital and private equity market as well as to promote Finnish business and Finland’s economic growth.
Inderes
Dottir advised Inderes in their acquisition of Flik Media Group, a digital video agency, specialized in high-end livestreams, online event planning and webcasts, creative video production and post production services and content distribution.
Inderes, founded in 2009, is a provider of research for stock market, redefining equity research landscape.
Mainframe Industries
Dottir advised Mainframe Industries in their launch and financing round in which from leading early stage tech and gaming investors, including Maki.vc, Play Ventures, Crowberry Capital and Sisu Game Ventures invested in the company.
Mainframe Industries is a pan-Nordic game venture with studios in Helsinki and Reykjavik, which brings together a strong founding team of 13 veteran game developers.
Maki.vc
Dottir has advised Maki.vc in numerous investment rounds. Target companies in the investment rounds included companies such as Spinnova, Universe Company and Fake Production.
Maki.vc is a Helsinki-based, top tier venture capital firm founded and managed by Nordic veterans of the ICT sector, startup scene and venture capital industry. With a fund size of EUR 80 million, Maki.vc makes initial investments in seed and Series A. Maki.vc is one the most active venture capital investors on the Finnish market.
Billebeino Clothing and Accessories
Dottir advises Billebeino in their legal matters and in their expansion to US.
The Finnish clothing brand Billebeino recently opened a showroom in LA. Billebeino is one of the fastest-growing clothing brands in Finland.
Teosto
Dottir advised Teosto in its sale of a majority stake in Mind Your Rights to NK Digital Solutions GmbH. Mind Your Rights was established by the Finnish copyright organisation Teosto to develop a global live music copyright licensing platform. The new owner will secure wider resources for the development and global distribution of the service.
Teosto is a non-profit organization that represents more than 33,000 Finnish and almost three million foreign composers, lyricists, arrangers and music publishers.
Playtika
Dottir advised Playtika, an Israeli-based mobile games company with over 22 million monthly active users, on their acquisition of Seriously Digital Entertainment, a Helsinki and Los Angeles based mobile game studio.
Seriously is the creator of hit mobile game franchise Best Fiends, with more than 100 million downloads.
Icebreaker.vc
Dottir has advised Icebreaker.vc in more than ten financing rounds.
Icebreaker.vc makes angel and early seed stage investments varying from 50K to 350K in Nordic & Baltic software-driven companies. Icebreaker.vc is one the most active venture capital investor on the Finnish market.
Mount Kelvin
Dottir advised Mount Kelvin in their investment round in which Ensto and certain other parties invested in Mount Kelvin.
Mount Kelvin is a software company focusing on the digitalization of the interior spaces.
Ficolo
Dottir advised Ficolo in their acquisition of Protacon’s data center business. Dottir’s work included both the drafting and negotiation of the business transfer agreement as well as the drafting and negotiation of the updated IT service agreements.
Ficolo is one of the leading data center companies in Finland, specialized in cloud delivery services.
YIT
Dottir acted as the sole legal counsel for YIT in the IT outsourcing where YIT procured networking-, capacity-, data security- and mobile services from Telia to all of its operating locations in 11 countries after the merger of YIT and Lemminkäinen.
This high-profile outsourcing case lasted for about 8 months and included a full procurement-, RFP- and negotiation process with altogether 8 suppliers.
YIT
Dottir supported YIT in the outsourcing and partnership deal with CGI on the modernisation and harmonisation of YIT's end-user services.
The scope of the deal was a mix of very traditional IT-services (workstation-, life cycle-, service desk- and system integration) together with cutting-edge technology and service offerings (such as digital self-service, data analytics, automation and software robotic technologies). The services are delivered to all 11 YIT operating countries.
Aller Media
Dottir continuously advises in Aller Media’s employment and commercial matters, reaching from day-to-day consultation to dispute resolution.
Aller Media is a media and marketing company in the Nordic countries, headquartered in Copenhagen, Denmark.
Freska
Dottir advises Freska in its employment, contractual and IP matters.
Freska is the fastest-growing home cleaning technology company in the Nordics. They offer a flexible service to their clients and their cleaners, and aim to revolutionise the cleaning industry.
Lassila & Tikanoja
Dottir represents Lassila & Tikanoja in litigation relating to termination of employment and cooperation consultations.
Lassila & Tikanoja is a service company that is putting the circular economy into practice. With operations in Finland, Sweden and Russia, L&T employs 8,600 people. Their net sales in 2018 amounted to EUR 802.2 million. L&T is listed on Nasdaq Helsinki.
Bolt.Works
Dottir advises the rapidly growing Bolt.Works in its employment matters, from day-to-day consultation to dispute resolution.
Bolt.Works offers a staffing platform that connects jobs and workers together where workers and clients can evaluate and recommend each other.
Sulapac
Dottir continuously advises Sulapac in all their legal matters, including contractual matters, IT and technology transactions, R&D operations as well as corporate matters.
Sulapac is a high-profile Finnish high-tech growth company that has developed a biodegradable and microplastic-free material made entirely from renewable sources and FSC-certified wood.
Bublar Group AB
Dottir advised Bublar Group AB, Scandinavia's leading listed company in AR/VR/XR technology, in their acquisition of a Finnish AR-company Sayduck.
Sayduck enables e-commerce companies to develop their digital product portfolio into 3D and allows end consumers to deploy virtual 3D models into the real-world based on the latest Augmented Reality technology.
Endemol Shine Finland
Dottir advises Endemol Shine Finland in its commercial, corporate and employment matters.
Endemol Shine Finland (formerly Metronome Film & Television) has produced entertainment for Finnish television viewers since 2000. Endemol Shine Finland is part of the international Endemol Shine Group and their programmes include Big Brother, Master Chef and the Wall.
Slush
Dottir advises Slush in its technology, privacy, commercial and corporate matters.
Slush is the world’s leading startup event. It has grown from a 300-person assembly to a community of true global magnitude. In 2018 it attracted 25 000 changemakers, including 4000 startups and 2000 investors to Helsinki.
CapMan Growth, Finnish Industry Investment, First Fellow
Dottir advised CapMan Growth fund, Finnish Industry Investment and First Fellow in their investment in Picosun, a manufacturer of ALD equipment.
Picosun is a leading supplier of high quality Atomic Layer Deposition (ALD) thin film coating technology for semiconductor and other industries.
Haahtela
Dottir advises Haahtela in the protection of its IP assets and licensing of its software products. Recent matters include redrafting Haahtela’s customer contracts, GDPR compliance project as well as a litigation relating to a B2B software license agreement.
Haahtela is the developer and licensor of leading budgeting and economic management solutions for construction projects and property management.
Elenia
Dottir advises Elenia in its IT and technology procurements as well as in privacy and data protection related matters.
Elenia is a forerunner in weatherproof network and services. They operate in more than one hundred local districts in Kanta-Häme and Päijät-Häme, Pirkanmaa, Central Finland and Ostrobothnia.
Kemijoki Oy
Dottir acts as general legal advisor for Kemijoki, the most important producer of hydropower and regulating power in Finland. Kemijoki owns 20 hydropower plants in Finland. The Finnish State owns majority of the shares of Kemijoki.
Dottir was chosen as Kemijoki’s legal partner in 2018. The co-operation covers a wide range of legal services, including, e.g., contractual and corporate governance matters. Recent matters include assistance in the project of modernizing the technology of certain hydropower plants as well as updating their support and maintenance contracts.
JB Nordic Ventures
We advised JB Nordic Ventures (NordicNinja) in their investment in Flexound Systems, a company providing FLEXOUND Augmented Audio™ that adds the sense of touch to audio-visual listening experience.
NordicNinja is a venture capital firm with over 100 million euros to supporting scale-up goals in the Nordic and Baltic region. NordicNinja backed by Honda, Panasonic, Omron and the Japan Bank for International Cooperation.
Teosto
Dottir supports Teosto in a broad range of matters, advising in transactional work, technology law, as well as enforcement.
Teosto is a non-profit organisation founded in 1928 by composers and music publishers to administer and protect their rights. Teosto represents more than 33,000 Finnish and almost three million foreign composers, lyricists, arrangers and music publishers.
Kodit.io
Dottir has advised Kodit.io (Homerun Technologies), a property technology service, in all of their investment rounds.
Kodit.io uses algorithms and automation to build and maintain a housing data platform and services designed to make the process of buying and selling property significantly easier.
Ficolo
Dottir advised Ficolo in their acquisition of a cloud delivery center from Fujitsu Finland and in negotiations of the co-operation agreement.
With the investment Ficolo will become one of the leading actors in the Finnish data center market.
Farmer’s Social Insurance Institution (Mela)
Dottir advises the Farmer’s Social Insurance Institution (Mela) in IT outsourcing and other technology and privacy related matters.
Mela handles the statutory earnings-related pension and occupational accident insurance of Finnish farmers, and of those receiving a grant or a scholarship from Finland. The number of Mela's customers in working life is around 62,000 and the number of people receiving MYEL pension is around 119,000
Woodly
Dottir has advised Woodly in several financing rounds.
Award-winning Woodly is an environmentally friendly Finnish technology company and the developer of a wood-based, yet transparent packaging material. Woodly is a carbon-neutral material with cellulose from sustainably managed forests that can be used to substitute plastics.
Bring Express
Dottir represents Bring Express in a contract litigation relating to a director agreement.
Bring is a part of Posten Norge Group and aimed at the corporate market in the Nordic region. Bring ships small and large goods in the Nordic region and the rest of the world.
Financier Group
Dottir advised the minority shareholders of Financier Group in their acquisition of Palace and Savoy, the two most iconic restaurants in Finland. The seller and the majority shareholder of Financier Group was NoHo Partners.
Palace has recently awarded a Michelin star, and the legendary restaurant Savoy has been making culinary history for 80 years.
Arbitration
We represented a Finnish software vendor in arbitration proceedings under the FAI rules against a US listed company.
The case concerned termination of a software license agreement and related claims.
Post Control Helsinki
Dottir represented Post Control Helsinki, a high-end post production company, in their complaint before the Market Court against YLE, the national broadcasting company of Finland.
The complaint concerned public procurement of services for digitalisation of YLE’s film collection with a maximum estimated value of EUR 10 million.
Play Ventures
Dottir advised Play Ventures, a Singapore based venture capital investor, in their investment in Redhill Games, a rapidly growing game studio.
Play Ventures is a venture investor which invests in early-stage companies in gaming and gaming services around the world.
Sulapac
Dottir has advised Sulapac, a Finnish company listed among the top-100 hottest start-ups in Europe by Wired Magazine, in all of their financing rounds.
Sulapac has raised funding from several investors, including the French luxury house Chanel. Since starting its journey in 2016, Sulapac has won many international awards with its products that combine luxury, sustainability and unlimited design possibilities.
Flow Festival
Dottir advised Flow Festival and its founders in an investment where Superstruct Entertainment, the live entertainment platform backed by Providence Equity Partners, invested in Flow Festival.
Flow Festival is an internationally renowned urban music and arts festival in Helsinki, Finland. In August 2018, the festival’s 15th edition brought a record 84,000 attendees to the urban landscape of Suvilahti, Helsinki, to enjoy a wide variety of first class international and domestic artists.
Tomorrow Tech
Dottir advised Tomorrow Tech in creating a digital registry for housing company shares. In Finland holding shares in a housing company is a common form of real estate and home ownership. Owning an apartment in Finland usually means owning shares in a housing company.
The new digital registry is utilizes blockchain technology and it is operated in collaboration with Danske Bank, Nordea, Aktia, S-Pankki and OP-Group.
Wolt Enterprises
Dottir advised Wolt Enterprises and its founders in the acquisition of the food delivery business of Dailyvery Sp.z.oo in Poland. Simultaneously the founders and investors of Dailyvery Sp.z.oo invested in Wolt Enterprises.
Wolt Enterprises has an Apple-awarded app, and a website a for discovering and getting food in the city – home-delivered, takeaway or eat in. Wolt partners with more than 3,500 restaurants and 10,000 couriers around Europe.
Sanoma Media Finland
Dottir advised Sanoma Media Finland in their acquisition of the stake in Finnish music publisher and management company Kaiku Entertainment.
The acquisition was one of the most influential transactions in the media and music business in Finland during 2018 as a big media group expanding to artist management business. With operations in Finland, the Netherlands, Poland, Belgium and Sweden, Sanoma Group net sales totalled EUR 1.3 billion and the Group employed more than 4400 professionals in 2018.
Estée Lauder Companies Europe
Dottir advised Estée Lauder Companies Europe in a legal design project, where the privacy policy for their cosmetics brands was re-designed to be more user friendly and to better reflect each respective brand.
The end result was a user-friendly, transparent privacy policy that people want to read and can actually understand.
Cibes Lift Group AB
Dottir advised Cibes Lift Group AB in their acquisition of Amslift.
The acquisition was one of the important transactions among privately owned lifts sold in more than 50 countries worldwide with personnel of 400 employees and net sales about EUR 100 million. Amslift is the largest privately-owned lift company in Finland.
Northzone Ventures
Dottir advised Northzone, a leading Nordic venture capital firm, in their Series A investment in HappyOrNot.
HappyOrNot are the providers of the award-winning instant customer and employee satisfaction reporting service.
The Arbitration Institute of the Finland Chamber of Commerce
Dottir conducted a legal design project together with The Arbitration Institute of the Finland Chamber of Commerce (FAI), creating a digital flowchart of the arbitration process under the FAI rules.
The process flowchart was created as a result of user workshops and presented at the HIAD 2018 conference.
Blok Enterprises
Dottir advised Blok Enterprises, the first Finnish digital real estate agency, in their financing round in which Lifeline Ventures and the leading Nordic media company Bonnier invested in the company.
Blok is a new real estate concept that combines the best parts of a good broker and selling real estate on your own.
Ficolo
Dottir advised Ficolo in their acquisition of the data center business of Cybercom in Tampere, Finland. Dottir’s work included both the drafting and negotiation of the Business Transfer Agreement as well as the drafting and negotiation of the updated IT Service Agreements.
Ficolo is one of the leading data center companies in Finland, specialized in Cloud Delivery services.
Industryhack
Dottir assisted Industryhack and Pivot5 in their merger. The merged leading Finnish innovation companies offer a platform, services, tools and expertise to help large companies and public organisations solve their challenges with the power of ecosystems and open innovation.
The merged companies’ offering includes open innovation strategy, innovation challenges, long-term open innovation programs, and corporate startup lab.