About the company
Spinverse is the Finnish champion and Nordic leader in managing and bringing together large, industry-led R&D&I projects and ecosystems with focus on digitalisation and green transition. With offices in Finland and Sweden, Spinverse helps clients in the Nordics and beyond solve global challenges through public funding. The client list includes some of the largest players in Finland such as Borealis, Helsinki University Hospital, Metsä Group, Nokia, and Tietoevry, as well as renowned international customers such as Sandvik and ABB.
Following the recent acquisition of Swedish peer IMCG International AB, Spinverse employs around 100 highly qualified professionals, has raised more than one billion euro in government grants for its customers, and is expected to surpass €12m in revenues in FY2022.
Spinverse is the Fund’s 5th investment.
- Investment year: 2022
- Investor: Evolver Fund I
Investment rationale
Evolver has a strong commitment towards the sustainability transformation of our society. With its profound knowledge within public R&D&I funding, Spinverse is a potent enabler of this transformation, helping customers and partners across the Nordics and Europe grow and solve global challenges with innovations.
Evolver and the Spinverse Management Team partner up to further accelerate Spinverse’s international expansion by means of organic growth, add-on acquisitions and digital development.
”We are impressed with the ambition, drive and mission-based mindset of the Spinverse team, as well as the results they have achieved. We believe Spinverse has a very strong, and ever more relevant, value proposition. We appreciate the unwavering commitment towards solving global challenges, and it makes us humble and proud to become sponsors of a business focused on tackling pressing global challenges of energy crisis, bioeconomy, green transition, health, and digitalisation for a better Europe.”
