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Varjo - Series D
Overview
Funding Date
September 6, 2022
Financing amount
$40M
Valuation
--
Catagory
About Varjo - Series D
Varjo has raised $40 million, a Series D that it will be using both to continue R&D for its headsets, as well as to delve further into software applications and tools for the Varjo Reality Cloud, its own streaming platform that it launched earlier this year.
The backers in this round include a number of big investors out of the region. They include EQT Ventures, Atomico, strategic backer Volvo Car Tech Fund, Lifeline Ventures and Tesi, the Finnish government VC and PE fund; with new backers Mirabaud and Foxconn also participating.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | Sweden | 2016 | 4 | -- | ||
| Fund | United Kingdom | -- | 3 | contact@atomico.com | ||
| Corporate | United States of America | 1927 | 2 | -- | ||
| Fund | Finland | 2009 | 2 | -- | ||
| Fund | Finland | 2013 | 1 | -- | ||
| Fund | United Kingdom | 2021 | 2 | -- | ||
| Corporate | Taiwan (Province of China) | -- | 3 | -- |
Company Profile / Project Introduction
Varjo, which builds hardware and integrated software for "professional grade" virtual and augmented reality for industrial and other enterprise applications. The company is headquartered in Helsinki, Finland — founded and run by longtime veterans from Nokia.