About SpinDrive
SpinDrive is a company based in Lappeenranta (Finland) founded in 2015 by Janne Heikkinen, Alexander Smirnov, Teemu Sillanpaa, and Nikita Uzhegov. SpinDrive has raised $5.93 million across 7 funding rounds from investors including European Union, ARCTIC15 and Rhapsody Venture Partners. SpinDrive offers products and services including Magma® Magnetic Bearing System and AMB Calculator Tool. SpinDrive operates in a competitive market with competitors including Synchrony and Bently Bearings, among others.
- Headquarter Lappeenranta, Finland
- Founders Janne Heikkinen, Alexander Smirnov, Teemu Sillanpaa, Nikita Uzhegov
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Sectors
Industrial Goods & Manufacturing
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Email
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Phone
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Website
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Social
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- Legal Name Spindrive Oy
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$5.93 M (USD)
in 7 rounds
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Latest Funding Round
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Investors
European Union
& 7 more
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Employee Count
Employee Count
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Products & Services of SpinDrive
SpinDrive offers a comprehensive portfolio of products and services, including Magma® Magnetic Bearing System and AMB Calculator Tool.
Provides maintenance-free bearings for high-speed machinery applications
Tool for calculating and optimizing magnetic bearing systems
People of SpinDrive
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Funding Insights of SpinDrive
SpinDrive has successfully raised a total of $5.93M across 7 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 7
- Last Round Last Round
- First Round First Round
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Oct, 2025 | Amount | Series A - SpinDrive | Valuation | Rhapsody Venture Partners , Innovestor |
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| Nov, 2023 | Amount | Series A - SpinDrive | Valuation | Rhapsody Venture Partners | |
| Oct, 2021 | Amount | Seed - SpinDrive | Valuation | Innovestor |
Investors in SpinDrive
SpinDrive has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include European Union, ARCTIC15 and Rhapsody Venture Partners.
| Investor | Description | Founded Year | Domain | Location |
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Early-stage tech & life sciences focused VC firm investing in geographies such as the US
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Venture capital investment in early-stage technology, life science, and Health startups
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Founded Year | Domain | Location |
Investments & Acquisitions by SpinDrive
Financial Statements - SpinDrive
Spindrive Comparisons
Competitors of SpinDrive
SpinDrive operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Synchrony and Bently Bearings, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Synchrony is engaged in providing credit cards and banking services.
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| domain | founded_year | HQ Location |
Externally pressurized porous gas bearings are manufactured for rotating equipment.
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Latest news on Spindrive
Frequently Asked Questions about SpinDrive
SpinDrive was founded in 2015 and raised its 1st funding round 3 years after it was founded.
SpinDrive is headquartered in Lappeenranta, Finland. It is registered at Lappeenranta, Etela-karjala, Finland.
Janne Heikkinen is the current CEO of SpinDrive. They have also founded this company.
SpinDrive is a funded company, having raised a total of $5.93M across 7 funding rounds to date. The company's 1st funding round was a Seed of $1.86M, raised on May 17, 2018.
SpinDrive was founded in 2015 and is based in Lappeenranta, Finland. Active magnetic bearings are designed, prototyped, and manufactured in series by the company. Expertise is maintained in high-speed drivetrains, control electronics, power electronics, sensors, and actuators. Operations focus on engineering solutions for industrial applications, with co-founders including Janne Heikkinen as CEO, Alexander Smirnov as CTO, Teemu Sillanpaa, and Nikita Uzhegov as COO.
SpinDrive's top competitors include Synchrony and Bently Bearings.
SpinDrive offers Magma® Magnetic Bearing System and AMB Calculator Tool.
SpinDrive has 8 investors. Key investors include European Union, ARCTIC15, Rhapsody Venture Partners, Born2Grow, and Innovestor.