What is Varjo?
Founded in 2016 and headquartered in Helsinki, Varjo has redefined the standards for professional-grade virtual and mixed reality. By developing the world’s most advanced hardware and software, the company serves a global clientele, including industry titans like Boeing and Aston Martin. Varjo’s technology is instrumental in complex training and design workflows, effectively bridging the gap between digital simulation and physical precision. With operations spanning over 40 countries, the company has transitioned from a specialized R&D entity into a global provider of enterprise-level spatial computing solutions.
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 EQT Ventures Fund, John Lindfors, The Venture Reality Fund, Foobar Technologies, and Lifeline Ventures
Series B (2018): $31M, investors not publicly disclosed
Series C (2020): $54M supported by Volvo Cars Tech Fund, Lifeline Ventures, NordicNinja, Tesi, Atomico, EQT Ventures, and Swisscanto Invest
Series D (2022): $40M featuring EQT Ventures, Lifeline 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.
Atomico
Atomico is a European Venture Capital firm headquartered in London, with offices in Paris, Berlin and Stockholm, founded by Skype co-founder Niklas Zennström.
EQT Ventures
EQT Ventures is a prominent venture capital and private equity firm that provides strategic backing to high-growth technology companies across Europe.
What's next for Varjo?
Following the latest major strategic investment, Varjo is well-positioned to scale its R&D initiatives and broaden its footprint in the prosumer and enterprise markets. The company’s trajectory suggests a focus on deepening its software ecosystem and enhancing the resolution capabilities of its hardware, which remain the industry benchmark. As the demand for immersive training and collaborative design tools grows, Varjo is expected to leverage its robust capital base to maintain its competitive edge against emerging players in the spatial computing landscape, ensuring its technology remains the gold standard for high-fidelity simulation.
See full Varjo company page
