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Last update 19 MAY 2023

Innovestor Invested In Navigine

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Founded in 2014, Innovestor is a Finnish FinTech company which offers a unique concept for venture investments in the Nordic area and Eastern Europe. ”Innovestor’s concept combines an easy-to-use digital investment platform available for everyone, with a professional VC-standard investment process”, describes Antti Parviainen, Chairman of Innovestor.

”Many investors want to choose for themselves where to invest, they prefer to own shares directly in the respective companies, as opposed to through a fund. Innovestor’s selection process is carefully designed, we do due diligence and negotiate attractive terms for the investors. We also invest in all the cases ourselves”, Parviainen explains.

Navigine is Innovestor’s first investment on the market of the Eastern Europe, and the company appealed to investors globally. The funding round includes participants from the Nordic area, Eastern Europe and the US. One of the US investors is John Ason, business angel and Navigine’s current mentor at Starta Accelerator Program in New York. Navigine has developed a very competitive B-2-B platform for developers and system integrators who need simple tools to create indoor navigation and tracking solutions, and received significant pilot projects from international markets (e.g. Dubai Airport). As a result of the company’s unique technology, customers can save costs on positioning infrastructure. 

“We want to invest in innovations developed by local top talents, that can be commercialized on the global markets”, notes Wilhelm Lindholm, partner responsible for Innovestor’s investment. Know-how is on a high level in the country, due to the traditionally strong position of science and research in the society.

“On markets covered by Innovestor, there has been an extraordinary amount of success stories, and we believe this trend will continue. We also see that our investment channel attracts interest in different parts of the world”, Lindholm continues.

About Innovestor: Innovestor is a venture investor and provider of equity funding solutions in Northern Europe. For investors, Innovestor offers attractive opportunities to invest in carefully selected growth companies. For growth companies, Innovestor offers funding at competitive terms and valuable insight from a team of experienced professionals and industry experts. Innovestor offices are located in Helsinki, Stockholm and Moscow. Innovestor Ltd is supervised by Finnish Financial Supervisory Authority.
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About the Author

Alexey Panyov

PhD in Physics and Maths. Alexey is an expert in Indoor Positioning with 10+ scientific articles, 10+ years of experience in special software development of navigation systems for aircraft, underwater, underground moving objects and vehicles.

Alexey Panyov

Navigine CEO

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