What is Varjo?
Founded in 2016, Varjo is renowned for developing virtual and mixed reality solutions that achieve unparalleled realism, often described as indistinguishable from the real world. With operations spanning over 40 countries and a team of more than 200 employees across key locations like Helsinki, Washington D.C., Oslo, and London, Varjo has established itself as a symbol of high quality in the industry. The company's in-house R&D is responsible for creating cutting-edge hardware, software, and services. Varjo's technology is already being adopted by major corporations for critical applications, including astronaut training at Boeing and vehicle design at Aston Martin, demonstrating its significant impact across various high-stakes industries.
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 Foobar Technologies, The Venture Reality Fund, John Lindfors, Lifeline Ventures, and EQT Ventures Fund
Series B (2018): $31M, investors not publicly disclosed
Series C (2020): $54M supported by EQT Ventures, Atomico, NordicNinja, Tesi, Volvo Cars Tech Fund, Swisscanto Invest, and Lifeline Ventures
Series D (2022): $40M featuring EQT Ventures, Lifeline Ventures, and Atomico
Key Investors in Varjo
EQT Ventures
EQT Ventures is a venture capital firm known for its investments in technology companies, likely focusing on scaling businesses with strong market potential.
Lifeline Ventures
Lifeline Ventures is an early-stage investor that supports resilient founders, indicating a focus on companies with strong foundational strategies and long-term growth potential.
Atomico
Atomico is a prominent European venture capital firm founded by Niklas Zennström, known for backing technology companies with global ambitions.
What's next for Varjo?
The substantial enterprise-level backing and recent strategic investment signal a pivotal phase for Varjo. This capital infusion is likely to accelerate the company's product development roadmap, potentially expanding its hardware capabilities and software ecosystem. Furthermore, the funding will support Varjo's global market penetration, enabling it to reach new enterprise clients and solidify its position as a dominant force in the professional VR/MR market. Strategic partnerships and continued innovation in resolution and immersion technologies will be key to Varjo's sustained growth and industry leadership.
See full Varjo company page
