Ovido, a Helsinki, Finland-based supply chain and product data automation platform, has raised €2.4 million in seed funding.
Investors
The round was led by Lifeline Ventures and Kvanted, with additional participation from Illusian.
Lifeline Ventures is a Helsinki-based early-stage venture capital firm founded in 2009 by entrepreneurs Petteri Koponen and Timo Ahopelto. The firm invests in pre-seed to Series A rounds across diverse sectors, including healthtech, gaming, climate tech, and software.
Kvanted is a Helsinki-based early-stage venture capital firm focused exclusively on industrial technology—both hardware and software. Founded in 2023 with a €70 million fund, it targets sectors such as manufacturing, logistics, and energy, backing startups that drive automation, sustainability, and supply chain resilience.
Ovido Use of Funds
The company will use the funding to accelerate product development, expand its team, and scale go-to-market efforts across Europe—starting with the textile industry.
About Ovido
Ovido is an AI-powered platform designed to automate and simplify regulatory compliance, supplier collaboration, and product data management. It enables SMEs to access enterprise-grade insights, request data from suppliers without complex onboarding, and generate tailored technical documentation. The platform includes smart supplier inquiries, a Digital Product Passport (DPP) builder, and AI-driven document parsing. Headquartered in Helsinki, Finland, Ovido empowers companies of all sizes to meet compliance demands while improving transparency, traceability, and overall supply chain performance.
Funding Details
Company: Ovido
Raised: €2.4M
Round: Seed
Funding Date: June 2025
Lead Investors: Lifeline Ventures, Kvanted
Additional Investor: Illusian
Company Website: https://ovido.eu/
Software Category: Supply Chain & Regulatory Compliance Automation
Source: https://tech.eu/2025/06/17/ovido-raises-eur24m-to-democratize-supply-chain-data-management/