What is Varjo?
Founded in 2016 and headquartered in Helsinki, Varjo has redefined the standards for virtual and mixed reality. The company specializes in creating hardware and software that are indistinguishable from the real world, serving high-stakes industries such as aerospace, automotive design, and professional training. With a global footprint spanning over 40 countries, Varjo’s technology is utilized by industry giants like Boeing and Aston Martin to facilitate complex design and simulation tasks. The firm’s commitment to R&D has established it as a benchmark for quality in the XR ecosystem, effectively moving beyond consumer-grade applications to provide industrial-grade precision.
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 John Lindfors, The Venture Reality Fund, Lifeline Ventures, Foobar Technologies, and EQT Ventures Fund
Series B (2018): $31M, investors not publicly disclosed
Series C (2020): $54M supported by Tesi, Atomico, NordicNinja, Volvo Cars Tech Fund, Lifeline Ventures, Swisscanto Invest, and EQT Ventures
Series D (2022): $40M featuring Atomico, EQT Ventures, and Lifeline Ventures
Key Investors in Varjo
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.
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.
EQT Ventures
EQT Ventures is a company that operates in the Venture Capital & Private Equity industry, providing strategic capital to high-growth technology firms.
What's next for Varjo?
With the infusion of this latest capital, Varjo is well-positioned to scale its operations and further refine its spatial computing capabilities. The company’s strategic roadmap likely involves expanding its enterprise software ecosystem and enhancing its hardware portfolio to meet the growing demand for high-fidelity digital twins and collaborative virtual environments. As the market for immersive technology matures, Varjo’s focus on professional-grade performance will be instrumental in maintaining its competitive edge. The firm is expected to leverage these resources to deepen its penetration into global markets, ensuring that its resolution-focused technology remains the gold standard for enterprise-level simulation and design.
See full Varjo company page
