Vendep Oy

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Overview

Vendep Capital is a venture capital firm based in Finland that invests in early-stage B2B SaaS and B2B marketplace companies in the Nordics and Baltics.¹²⁵ It positions itself as the only pure SaaS investor in Finland, providing initial investments of €0.1–3M focused on pre-seed to Series A stages, with follow-on support up to €80M from its current fund.²⁵⁶ The firm emphasizes long-term partnerships, expertise in scaling to European hubs or the US, and backing AI-native software founders.³⁵

History

Vendep Capital was founded in 2016 by three partners with complementary backgrounds as entrepreneurs, investors, and general managers, who have invested together since 2011.² It launched a €36M pre-A venture fund in 2017 vintage dedicated to SaaS teams showing early market validation abroad.² The firm has since managed a current fund of €80M targeting investments through 2025, building a portfolio of B2B SaaS companies from early traction to global scale.³⁵

Reputation

Vendep Capital is perceived as a specialized player in Nordic and Baltic SaaS investing, valued by founders for its focus on early metrics, go-to-market support, and long-term commitment.²⁵ Professionals note its niche as Finland's pure SaaS VC with targeted expertise in scaling to international markets.² No significant criticisms are evident in available sources, though its small team size limits scale compared to larger funds.¹

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