Finnish startup Vensum Power has secured €9 million in a Series A funding round. The investment was co-led by Lifeline Ventures, Larsen & Toubro, and Eviny Ventures. The company plans to use these funds to transition to volume production of its software-controlled power converters by 2027.
The technology developed by Vensum Power aims to reduce power loss and heat during electricity conversion. According to CEO Peter Nisula, the company’s converters achieve losses of 3–5%, compared to 7–10% in conventional systems. This efficiency allows data center operators to increase token processing capacity and optimize power output within existing space constraints.
Founded in 2018 by Jyrki Penttonen and Mika Marjalaakso, the company has raised a total of €15.2 million to date. This includes a €3.8 million seed round in May 2023. Currently, the Helsinki-based team employs 20 people and serves original equipment manufacturers outside of Finland.
The company intends to focus its initial production on EV charging, energy storage, and DC microgrids, with data centers identified as a subsequent area of application. Revenue generation is expected to commence in 2027. The startup operates within Finland's deep tech sector, which attracted $1.5 billion in venture capital funding in 2024.
