Jukka Pello

Dottir advised KHOY company in its EUR 2 million growth funding round, led by Finnish private equity investor Virta Equity, with participation from Innovestor and several angel investors.

KHOY is a Helsinki-based direct-to-consumer design and furniture company selling vacuum-packed sofa beds that expand to full size once opened at home. This method cuts delivery costs significantly and enables KHOY to sell directly across borders. Over 80% of its sales come from outside Finland, and its design won a Red Dot Design Award in 2026.

The funding will support KHOY's expansion across the EU, Switzerland and the UK, as well as its recently launched operations in the US.

Dottir advised certain major shareholders of QOCO Systems on a growth investment by Finnish pension insurance companies Ilmarinen and Elo.

QOCO Systems is a global provider of AI and data-driven, next-generation SaaS solutions for aviation maintenance, supporting the critical maintenance operations of some 60 airlines, MROs and OEMs worldwide, including Rolls-Royce, Lufthansa and Safran Aircraft Engines. Ilmarinen and Elo are each taking a minority stake, with their combined investment totaling tens of millions of euros.

The funding will strengthen QOCO's technological leadership and expand its local presence in Europe, North America and the Middle East.

Dottir advised the lead investor Frontline Ventures in Realm's EUR 3.8 million financing round. Other investors participating in the round included HubSpot Ventures, Lifeline Ventures, Slack co-founder Cal Henderson and Deel co-founder Alex Bouaziz.

Realm will use the new funding to further develop its AI platform, which structures business data and automates revenue workflows, enabling teams to efficiently produce key materials such as RFP responses and business cases.

Frontline Ventures supports early-stage founders in Europe and later-stage founders in the U.S. to capture the critical transatlantic market, which accounts for 70% of the global software spend and 70% of global venture capital dollars.

Dottir advised Tangled in their EUR 3.8 million funding round. The round was led by byFounders, the community-powered VC firm, with participation from Bain Capital Crypto and existing investor Antler.

Tangled is a Finnish code collaboration platform building a European alternative to legacy code hosting. The new funding will be used to scale their platform into a foundational environment for software collaboration globally.

Dottir advised the lead investor, Antler, in Prenew’s EUR 1.8 million pre-seed financing round. Other participants in the round included Outlast Fund, Silence VC, and a number of high-profile angel investors.

Prenew is building a highly scalable platform for buying and selling used gaming PCs, and its progress in less than two years has been impressive. Starting from a fully manual setup with a small, fast-moving team, Prenew has already expanded from Finland into Sweden and Germany, strengthened its operations, and assembled an ambitious team focused on becoming a leader in gaming recommerce.

Antler is a global early-stage venture capital firm that invests in and supports exceptional founders from day one. With a strong presence across key startup ecosystems, Antler backs ambitious teams building category-defining companies across industries.

Dottir advised Capalo AI in their EUR 11 million Series A funding round, led by Heartcore Capital with participation from Tesi, VentureFriends, Inventure, PROfounders Capital, Innovestor, and others, supporting their mission to accelerate the clean energy era through advanced energy system orchestration.

"We’ve now worked with Dottir on multiple financing rounds, and they’ve become a trusted partner for us. They are not only sharp and thoughtful, but also highly responsive and commercially minded throughout, making the process smooth from start to finish. We can warmly recommend Dottir’s approach and expertise when it comes to these types of transactions."

Capalo AI is a Finnish technology company specializing in optimizing energy storage systems.

Dottir advised Cronvall Oy, a Finnish technology company revolutionizing industrial procurement through digitalization, in its EUR 3.9 million funding round. The round was led by Greencode Ventures, with participation from Stephen Industries, Innovestor, and several leading industrial family offices.

The investment will fuel Cronvall’s international expansion and advance its mission to modernize and digitalize industrial procurement processes across Europe, bringing greater efficiency, transparency, and sustainability to the sector.

Cronvall is building a more transparent, efficient, and data-driven supply chain for the industrial sector. Cronvall’s digital procurement platform provides construction and industrial companies with an easy and efficient way to manage critical purchases. Through the platform, customers can access a network of over 150 trusted suppliers, compare prices with full transparency, and seamlessly handle everything from ordering to delivery tracking.

“Dottir has been an exceptional partner for us. Their practical approach, deep expertise in venture deals, and consistent responsiveness made the entire funding round significantly easier and allowed us to stay focused on the business.” – Walter Masalin, Founder and CEO of Cronvall

Dottir advised World Fund, a leading European climate tech VC, on IQM’s USD 320 million Series B funding round.

This is one of the largest ever funding rounds in Finland and one of the largest in the quantum space globally. The round was led by US-based Ten Eleven Ventures, and joined by several existing investors, including Tesi, World Fund, Bayern Kapital, EIC Fund, Varma and Elo.

This funding gives IQM a unique opportunity to accelerate the development of fault-tolerant quantum computers and expand its chip fabrication capabilities in Finland. It will also fuel global growth by scaling data centre infrastructure and strengthening commercial presence in key markets such as the US and Asia.

Dottir advised IXI (formerly Pixieray), a Helsinki-based pioneer in smart eyewear, in its EUR 33 million Series A funding round. The round was led by London-based VC Plural and joined by e.g. Tesi, byFounders, Heartcore, Eurazeo, FOV Ventures and Tiny Supercomputer, as well as several existing investors including the Amazon Alexa Fund, Maki.vc, First Fellow, firstminute capital and Illusian.

IXI is developing revolutionary prescription glasses that use liquid crystal lenses and real-time eye-tracking to adjust focus automatically, bringing autofocus technology to the vision correction market. Their innovation targets the global epidemic of presbyopia, offering a seamless, adaptive solution for everyday wearers.

This funding round marks a key milestone in IXI’s journey toward transforming the USD 200 billion eyewear market through advanced optics and human-centric design.

Dottir advised the sellers in the acquisition of Membrane Finance by Paxos.

Membrane Finance is an Electronic Money Institution (EMI) based and licensed in Finland, and one of the first to publish MiCA-compliant stablecoin in the EU.

Paxos is the leading regulated blockchain and tokenization infrastructure platform. Following this acquisition, Paxos will be a fully licensed EMI in Finland and the EU. Paxos issues trusted USD-backed stablecoins and partners with leading global enterprises to tokenize, custody and trade assets – its solutions are used by companies like PayPal and Mastercard.

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.

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.

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.

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.

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.

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.

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.