Hyvinkää-based Keto Software, a Finnish company specialising in Strategic Portfolio Management (SPM) solutions, has secured €6.4M in equity and €2M in loans through a recent funding round led by Emerald Technology Ventures.
The round also saw investment from Greencode Ventures, Sinituote (Ilkka Brotherus), and Trauma Holding (Kimmo Rauma).
The Finnish company aims to transform how businesses calculate Return on Innovation (ROI) with its no-code, AI-powered platform. The funding will strengthen Keto Software’s position for expansion into global markets.
AI+ Platform for Strategic Portfolio Management
Keto Software draws inspiration from the Finnish word “Keto”, meaning “meadow”, where diverse flowers and plants grow together. Similar to creating a bouquet from various flowers, Keto brings together ideas, projects, and results in a unified platform.
Designed with a human-centred approach, Keto is a tool for innovation, helping users manage their R&D&I activities to achieve tangible outcomes.
Many industrial companies struggle to measure the returns on their R&D&I (research, development, and innovation) investments and align them with corporate strategy. Keto Software addresses this gap with its advanced AI integration and platform, offering real-time insights into strategic portfolio performance.
Keto’s no-code platform enables quick setup and customisation, allowing businesses to tailor the software to their specific needs without costly hardcoding.
The company’s platform is used by companies in innovation-driven industries such as renewable energy, industrial manufacturing, and packaging, including large firms like Kone Elevators, Danfoss, Valmet, Metso, Fortum, and Alpiq.
The platform helps these companies align their R&D&I investments with their strategic objectives, offering integration with HR, ERP, and task management systems for a unified view of all R&D&I activities.
Veijo Hytti, CEO of Keto Software, says, “R&D and innovation make up a significant portion of corporate investment. Keto bridges these investments with strategic objectives, maximising returns and delivering measurable impact for our clients.”
“Leading companies across the industrial landscape have already realised the vast promise of Keto’s SPM software,” says Michal Natora, Senior Investment Director at Emerald, “and we think Keto Software has all the ingredients to become a leader in this space.”
Brief about the investors
Emerald Technology Ventures, a global VC firm founded in 2000, manages over €1B in assets from its offices in Zurich, Toronto, and Singapore. The firm invests in startups addressing major challenges in climate change and sustainability, with four active funds, hundreds of venture transactions, and five third-party investment mandates, including loan guarantees for over 100 startups.
Greencode Ventures, founded in 2023, is a pan-European VC firm focused on supporting green transition through scaling digital solutions. The firm invests in Seed to Series A stages, targeting companies that use advanced technologies like AI to reduce emissions, save resources, and increase efficiency across energy, mobility, industries, and the built environment.
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