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
- SectorsIndustrial Goods & Manufacturing
- Email••••••••
- Phone•••• ••••
- Website spindrive.fi
- Social LinkedIn X
- Legal Name Spindrive Oy
- Total Equity Funding$5.93M (USD)
in 7 rounds
- InvestorsEuropean Union
& 7 more
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
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 $5.93M
- Total Rounds 7
- Investors Count 8
All 7 funding rounds of SpinDrive with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2025 | – | Series A | – | Rhapsody Venture Partners, Innovestor | – |
| Nov 2023 | $4.06M | Series A | – | Rhapsody Venture Partners | |
| Oct 2021 | $1.86M | Seed | – | Innovestor | |
| Jan 2020 | $55,110 | Grant | – | – | |
| Dec 2019 | – | Seed | – | – | |
| Sep 2019 | $54,958 | Grant | – | – | |
| May 2018 | – | Seed | – | Arctic | – |
8 investors in total: 8 institutional.
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 |
|---|---|---|---|---|
Early-stage tech & life sciences focused VC firm investing in geographies such as the US | – | rhapsodyvp.com | Cambridge, United States | |
- | – | born2grow.de | - | |
Venture capital investment in early-stage technology, life science, and Health startups | – | innovestorgroup.com | Helsinki, Finland | |
Seed-stage venture capital funding is provided by Butterfly Ventures. | 2012 | butterfly.vc | Oulu, Finland | |
Capital is mobilized by SDGx to achieve sustainable development goals. | – | sdgx.io | - | |
Government agency and accelerator focusing on innovative startups and SMEs | – | eicfund.eu | Brussels, Belgium | |
Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability | 1958 | europa.eu | Brussels, Belgium | |
Business event management solutions are offered to startups and entrepreneurs. | 2011 | arctic15.com | Helsinki, Finland |
Investor details for SpinDrive
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of SpinDrive
11 people are tracked at SpinDrive (5 in leadership, 6 in team).
| Name | Role | Group |
|---|---|---|
Janne Heikkinen | Co-Founder & CEO | Leadership |
Alexander Smirnov | Co-Founder & CTO | Leadership |
Teemu Sillanpaa | Co-Founder | Leadership |
Nikita Uzhegov | Co-Founder & COO | Leadership |
Teemu S. | CPO / Co-founder | Leadership |
Teemu Sillanpää | CPO | Team |
Meifang Xu | Marketing Manager | Team |
Matti Hallivuori | Lead Software Developer | Team |
Tuukka Nurminen | Design Engineer | Team |
Norbert Rieger | Technical Sales Manager | Team |
Luis Colorado | Embedded Developer | Team |
Complete people profiles for SpinDrive
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of SpinDrive
3 dated milestones of SpinDrive across 10 years, from founding to its latest funding, stage changes and deals.
- Founded SpinDrive is founded.
- Funding First funding round.
- Funding Latest funding round, Series A,.
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 | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| synchrony.com | 1993 | Salem, United States | $25M | 16,000 | Synchrony is engaged in providing credit cards and banking services. | |
| bentlybearings.com | 2014 | Aston, United States | – | – | Externally pressurized porous gas bearings are manufactured for rotating equipment. |
Detailed competitors of SpinDrive
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of SpinDrive
The website of SpinDrive (spindrive.fi) receives about 3.1K visits a month.
- Monthly visits3.1K
Latest news on Spindrive
Complete news archive for SpinDrive
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to SpinDrive
10 companies that operate in the same segment as SpinDrive (Industrial Automation & Robotics), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Developer of LiDAR-based sensors | 2002 | San Francisco, California, United States | USD 129 M | USD 169.38 M | 192 | |
Diversified electronics and automation equipment are manufactured and supplied. | 1885 | United States | USD 1.13 M | USD 37.44 B | 6,810 | |
Manufacturer of Industrial and Consumer Electric Equipment | 1937 | Mumbai, Maharashtra, India | – | USD 1.32 B | 4,840 | |
AI and SaaS-based robots for warehouse automation are provided. | 2012 | Roswell, United States | USD 545.23 M | USD 39.76 M | 553 | |
AI-based robotic arms are developed for industrial automation tasks. | 2010 | San Francisco, California, United States | USD 123.02 M | – | – | |
Energy management and automation solutions are provided globally. | 1836 | Rueil-malmaison, Hauts-de-seine, France | – | USD 39.63 B | 2,020 | |
AI-enabled autonomous vehicles are developed for local goods deliveries. | 2016 | Menlo Park, California, United States | USD 2.34 B | – | – | |
Robotic waterjet system for prostate tissue removal is developed. | 2009 | Redwood City, California, United States | USD 348.84 M | USD 308.05 M | 756 | |
Robotic equipment for automating weeding on vegetable farms is developed. | 2016 | San Francisco, California, United States | USD 139.96 M | – | 73 | |
Collaborative surgical robotic systems are provided for hospital procedures. | 2014 | Cambridge, Cambridgeshire, United Kingdom | USD 1.32 B | – | – |
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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.
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.
SpinDrive operates through Spindrive Oy.