Norrapro Oy is a Joensuu-based company specialising in the manufacture, installation and development of underground bedrock products and related components. Shotcrete drainage products are used as a water handling system for bedrock facilities.

The company collected a total of EUR 150,000 of new funding from local funds the Start Up Fund Joensuu and North Karelia Growth Fund. In addition, Norrapro has received EUR 200,000 in research, development and innovation funding (RDI)  from Business Finland. With the support of growth capital, the company promotes the supply of its digital services and aims for international markets. Read more.

Materialisting is a platform service that promotes the green transition in the construction sector, allowing for the calculation of the carbon footprint of property and indoor space construction, as well as for comparing construction materials and products. This enables environmentally friendly and responsible material choices in construction projects.

The Joensuu-Helsinki-based startup, Materialisting Oy, aims to become the leading service provider for environmentally friendly building material choices in Europe by 2027. The Start Up Fund Joensuu has invested €100,000, and the North Karelia Growth Fund, managed by Redstone, has invested €90,000 in the company. Design Agency Fyra and private investors have also participated in the funding. Read more.

A start-up company Clash Discs Oy is a disc golf discs and equipment manufacturer. The company is heavily focused on expanding its presence in the international Disc Golf market, with North America being its primary market. Their objective is to achieve a revenue of six million euros in the coming years, with four million euros coming from exports to North America. Clash Discs aims to become a globally recognized and respected disc brand.

To accelerate their aspirations, Clash Discs secured funding from the Start-up Fund Joensuu and the North Karelia Growth Fund, totaling 250,000 euros. Both funds contributed 125,000 euros each to support the company's growth. Additionally, the company's owners invested 50,000 euros. Read more.

Carbonaide Oy is developing the world's first industrial pilot production line enabling carbon-negative concrete, with which it is possible to reduce the carbon footprint of concrete even to carbon-negative. The company is founded in Joensuu and it is currently building the first pilot production line based on the Carbonaide method at the factory of Rakennusbetoni- ja Elementti Oy in Hollola. Carbonaid's business will be further developed at the Business Accelerator in Joensuu.

Carbonaide Oy, which has raised a total of 1.8 million euros in seed funding for the commercialization of its technology, is starting to commercialize the carbon dioxide utilization and storage technology developed at VTT, Technical Research Centre of Finland. Start Up fund Joensuu invested 100,000 euros in Carbonaide Oy. Read more.

Aris4Autism is developing an automated digital system that can be used to map the development level of an autistic child and possible problem behaviors and prepare a rehabilitation program for the child that meets his needs. Aris4Autism offers parents all the tools to implement rehabilitation. Parents have the opportunity to carry out rehabilitation alone or together with experts in different fields, such as a speech, activity or play therapist in an online environment.

Start Up fund Joensuu invested EUR 120,000 in Aris4Autism and North Karelia Growth Fund EUR 150,000. The EUR 270,000 loan granted by Business Finland will bring the total capital of the financing round to EUR 540,000.

Kodia Oy is a supplier of the rental management system established in 2019. Kodia’s mission is to innovate and implement advanced housing solutions for the industry through digitalization.

In the spring of 2022, the growth company Kodia arranged a share issue. Start Up Fund Joensuu participated in the financing round with EUR 100,000. In addition to the Start Up Fund Joensuu, Kodia will be invested in by, among others, Master Group Ltd and the investment company Karvest, as well as the current investor and founding shareholders. Read more.

Niekka (eBike Finland Oy) will produce high-quality Finnish bicycles under the NIEKKA Bicycles brand in Outokumpu. Business Joensuu encourages the company’s growth as an investor through the Start-up Fund Joensuu.

ebike Finland organised a share issue at the end of 2021. Business Joensuu’s Start Up Fund Joensuu participated in the funding round with EUR 112,500, for which it received 22.5% of the company’s shareholding. Through the issue of shares, the company collected EUR 187,500, plus a loan that is 70% guaranteed by the European Central Bank. Read more.

Redkik is a global Insurtech start-up with the mission to transform and improve the insurance industry for all parties within logistics and transportation.

Start-up Fund Joensuu invested 75,000 euros in the company. The total investment of the financing round was 312,500 euros, while at the same time the North Karelia Growth Fund managed by venture capital investment company Redstone and business angel Ilari Schouwvlieger invested a total of 237,500 euros. Read more.

Kelluu Ltd, which manufactures miniature autopilot airship concept to perform many kind of airborne data transfer duties, has received a significant funding of 100,000 euros from the Start-up Fund Joensuu. The airship has an extremely long flight time thanks to low-emission hydrogen-powered technology. Kelluu Oy has an airship factory in Reijola, Joensuu.

At the end of 2019, Kelluu Oy received significant funding from Business Finland. In addition to Start-up Fund Joensuu, also Kim Väisänen, Suomen Vaikuttavussijoitus Oy, and Joen Infra Oy also invested in the company's operations. Read more.

Vaki Ltd., which is known by its brand name Vaki Games, is a gaming company established in 2016. The company currently employs 9 part-time and full-time employees. The company’s game by the name of Kingshunt (kingshunt.com) is an online multi-player game that will feature action and strategy. The game will be published in spring 2021.

Start-up Fund Joensuu has invested EUR 100,000 in the company, of which EUR 50,000 is conditional and linked to the performance indicators agreed on for the game’s launch. Read more.

Fiuge Oy is a crowdsourced and community-based delivery service that operates in the Helsinki region, Kirkkonummi, Turku, Pori, Lappeenranta, Mikkeli, Savonlinna, Kajaani and Porvoo. The service functions as a mobile application and on the website, and its clients include B2C and B2B companies. The purpose of the service is to make deliveries as flexible, affordable and ecological as possible.

Start-up Fund Joensuu will be investing EUR 100,000 in Fiuge. The company has also received funding from Gorilla Capital Ky and the Joensuu-based company Timonen Auto Oy. The Centre for Economic Development, Transport and the Environment has provided funding of approximately EUR 750,000 for service development and launching operations. Read more.

Established in Joensuu in 2009, Hypermemo is a company developing a unique carbon dioxide laser (CO2 laser) solution. At the moment, the company employs five people in its new production and development facilities in Joensuu. The company is based on a technology developed by Russian-born Vadim Kiyko. Its development started at the Russian Academy of Science and continued in Joensuu.

Hypermemo Ltd has received an investment of EUR 100,000 from the Startup Development Joensuu – Investment Fund which operates via a subsidiary of Business Joensuu. The investment will accelerate the company’s growth and enable new capital investments. Read more.