Venture Capital

Venture capital has been in the core of Ambient Sound Investments’ investment strategy since the company was founded. The focus has been on seed and series-a stage investments and we have backed different early stage technology companies in Europe, United States and Asia. The first portfolio was put together from 2005 to 2011 and it consisted of direct investments only.

In recent years we have switched from direct investments to investing into the asset class mainly via early stage venture capital funds. We intend to follow this strategy also in the coming years but could still invest into a small number of exceptional late stage opportunities.
  • Fund Investments

    Karma Ventures is an early-stage venture capital firm, specialised in late seed and A round investments in Europe’s technology companies that target global markets.

    country:Baltics/Europe
    CEO:Margus Uudam
    Year:2016

    1517 is a venture capital firm and it's 1517 Fund supports teams with grant, pre-seed and seed funding for technology startups.


    country:United States
    CEO:Danielle Strachman
    Year:2015
    Neoteny is a firm which specializes in growth capital and incubation investments. Fund 3 primarily invests in early stage hardware, software, Internet, biotech startups.
    country:United States
    CEO:Joichi Ito
    Year:2015
  • Direct Investments

    Software company combining optical microscopy, computational super-resolution, artificial intelligence and robotics.
    country:United States
    CEO:Matthew Putman 
    Year:2015
    InBio is specialized in servicing and selling instruments, laboratory consumables and reagents in the field of laboratory applications and biotechnology manufacturing. 
    country:Estonia
    CEO:Miina Martin
    Year:2007
    An online service for families to discover, preserve and share their family history.
    country:Israel
    CEO:Gilad Japhet
    Year:2007
    Developer of virtual world technology and multi-platform games.
    country:United States
    CEO:Derrick Morton
    Year:2007
    Frenzoo creates 3D fashion and lifestyle games for iOS and Android devices.
    country:Hong Kong
    CEO:Simon Newstead
    Year:2007
  • Exits

    Software as a service solution for fleet management.
    country:Europe
    Acquirer:Fleet Complete (Canada)
    Year:2005
    Exit:2018
    Online grocery shopping and delivery in Singapore.
    country:Singapore
    Acquirer:Lazada Group (Singapore)
    Year:2015
    Exit:2016
    E-purchasing system for IT goods in the Baltics
    country:Europe
    Acquirer:MBO
    Year:2006
    Exit:2016
    Haptic interface technology company.
    country:Finland
    Acquirer:O-Film (China)
    Year:2008
    Exit:2016
    Marketplace of health and beauty services.
    country:United Kingdom
    Acquirer:Recruit Holdings (Japan)
    Year:2008
    Exit:2015
    Pryte
    Service that allows single-click buying of mobile data on a need-to and per app basis. 
    country:Finland
    Acquirer:Facebook (United States)
    Year:2010
    Exit:2015
    Online service for managing and sharing research papers.
    country:United Kingdom
    Acquirer:Elsevier (United Kingdom)
    Year:2008
    Exit:2013
    End-to-end security solutions safeguarding enterprises from hackers.
    country:Taiwan
    Acquirer:Proofpoint (United States)
    Year:2009
    Exit:2013
    Technology for verifying the integrity of digitally archived documents.
    country:Estonia
    Acquirer:MBO
    Year:2006
    Exit:2013
    Online platform for semi-professional video content producers.
    country:United States
    Acquirer:Maker Studios
    Year:2007
    Exit:2013
    Developer of telecom infrastructure modem technology.
    country:Estonia
    Acquirer:Xilinx (United States)
    Year:2006
    Exit:2012
    E-publishing technology provider.
    country:Poland
    Acquirer:DeGruyter (Germany)
    Year:2008
    Exit:2012
    Software as a service solution for inventory management.
    country:Russia
    Acquirer:1C (Russia)
    Year:2008
    Exit:2011
    Clifton
    High-tech company producing gallium arsenide semiconductors for power electronics. Closed as of 2016.
    country:Estonia
    Year:2006
    Online real estate technology company.
    country:France
    Year:2008
    Online English language teaching services for businesses and education entities.
    country:United States
    Year:2006