What is Varjo?
Founded in 2016 and headquartered in Helsinki, Varjo has established itself as a premier provider of virtual and mixed reality solutions. The company is renowned for its high-fidelity hardware, software, and services, which are utilized by leading global corporations for critical applications such as astronaut training at Boeing and vehicle design at Aston Martin. With operations spanning over 40 countries and a team of more than 200 employees, Varjo's commitment to pushing the boundaries of visual fidelity has set new industry standards for professional and prosumer VR experiences. The company's in-house R&D is central to its mission of delivering the world's most advanced XR technology.
How much funding has Varjo raised?
Varjo has raised a total of $133.2M across 4 funding rounds:
Series A
$8.2M
Series B
$31M
Series C
$54M
Series D
$40M
Series A (2017): $8.2M with participation from The Venture Reality Fund, John Lindfors, Lifeline Ventures, EQT Ventures Fund, and Foobar Technologies
Series B (2018): $31M, investors not publicly disclosed
Series C (2020): $54M supported by Atomico, Lifeline Ventures, Volvo Cars Tech Fund, EQT Ventures, Swisscanto Invest, NordicNinja, and Tesi
Series D (2022): $40M featuring Lifeline Ventures, EQT Ventures, and Atomico
Key Investors in Varjo
Lifeline Ventures
Lifeline Ventures is a sector-agnostic early-stage investor focused on pre-seed and seed funding, aiming to support resilient founders from the inception of their entrepreneurial journey. The firm seeks to partner with ambitious teams that have the potential to become industry leaders, leveraging their global experience in building and scaling companies.
EQT Ventures
EQT Ventures is a company that operates in the Venture Capital & Private Equity industry. It employs 1to4 people and has under500K of revenue. The company is headquartered in Bratislava, Slovakia.
Atomico
Atomico is a European Venture Capital firm headquartered in London, with offices in Paris, Berlin and Stockholm. Its founder and CEO is Niklas Zennström, a serial entrepreneur who co-founded Skype and Kazaa.
What's next for Varjo?
The substantial enterprise-level backing Varjo has received, particularly the recent strategic investment, positions the company for accelerated expansion and continued innovation in the rapidly evolving XR market. This capital infusion is expected to fuel further development of its groundbreaking virtual and mixed reality hardware and software, enabling Varjo to solidify its market leadership. The company's trajectory suggests a focus on scaling its global presence and deepening its technological capabilities to meet the increasing demand for hyper-realistic immersive solutions across various industries, from aerospace and automotive to professional training and design.
See full Varjo company page
