About Varjo
Varjo is a company based in Helsinki (Finland) founded in 2016 by Urho Konttori.. Varjo has raised $149.39 million across 13 funding rounds from investors including Epic Games, Volvo Cars and Foxconn Electronics. Varjo offers products and services including Varjo XR-4 Series, Varjo XR-4 Secure Edition, Varjo Base, Professional Services, and Teleport. Varjo operates in a competitive market with competitors including Visor, Zappar, Eyefluence, AjnaLens and Ixana, among others.
- Headquarter Helsinki, Finland
- Founders Urho Konttori
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Sectors
Technology
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Email
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Phone
*********
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$149.39 M (USD)
in 13 rounds
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Latest Funding Round
$5.86 M (USD), Series D
Aug 25, 2025
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Investors
Epic Games
& 23 more
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Employee Count
Employee Count
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Products & Services of Varjo
Varjo offers a comprehensive portfolio of products and services, including Varjo XR-4 Series, Varjo XR-4 Secure Edition, Varjo Base, Professional Services, and Teleport. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Delivers high-immersion mixed reality for professional simulations
Provides TAA-compliant mixed reality for classified environments
Software platform for managing and optimizing XR experiences
Offers expertise in integrating XR systems for enterprises
Enables scanning and sharing of 3D environments in detail
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Funding Insights of Varjo
Varjo has successfully raised a total of $149.39M across 13 strategic funding rounds. The most recent funding activity was a Series D round of $5.86 million completed in August 2025. 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 13
- Last Round Series D — $5.9M
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First Round
First Round
(29 Sep 2017)
- Investors Count 24
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Aug, 2025 | Amount | Series D - Varjo | Valuation |
investors |
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| Sep, 2023 | Amount | Grant - Varjo | Valuation |
investors |
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| Apr, 2023 | Amount | Series D - Varjo | Valuation | Nordic Secondary Fund |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Varjo
Varjo has secured backing from 24 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Epic Games, Volvo Cars and Foxconn Electronics. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Series A startups are invested in by Nordic Secondary Fund.
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Founded Year | Domain | Location | |
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Venture capital investments in technology and innovation sectors.
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Founded Year | Domain | Location | |
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Tech-based companies are invested in by Atomico venture capital fund.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Varjo
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Varjo
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Varjo Comparisons
Competitors of Varjo
Varjo 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 Visor, Zappar, Eyefluence, AjnaLens and Ixana, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Visor is recognized for providing project management and visualization software.
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| domain | founded_year | HQ Location |
Code-enabled AR experiences are created for businesses and publishers.
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| domain | founded_year | HQ Location |
Wearable eye-tracking technology for head-mounted displays is provided.
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| domain | founded_year | HQ Location |
Mixed reality headsets are manufactured for enterprises and defence sectors.
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| domain | founded_year | HQ Location |
An AR-based headset for personal assistance is developed.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Varjo
Frequently Asked Questions about Varjo
When was Varjo founded?
Varjo was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Where is Varjo located?
Varjo is headquartered in Helsinki, Finland.
Who is the current CEO of Varjo?
Timo Toikkanen is the current CEO of Varjo.
Is Varjo a funded company?
Varjo is a funded company, having raised a total of $149.39M across 13 funding rounds to date. The company's 1st funding round was a Series D of $3M, raised on Sep 29, 2017.
What does Varjo do?
Varjo was founded in 2016 in Helsinki, Finland, within the virtual and augmented reality sector. High-resolution headsets are developed and supplied to support experiences in superimposed or fully virtual environments. Training, content creation, and learning are facilitated across fields such as simulation, architecture, 3D modeling, medicine, and related industries. Enterprise users are served through hardware tailored for precise, professional workflows.
What products or services does Varjo offer?
Varjo offers Varjo XR-4 Series, Varjo XR-4 Secure Edition, Varjo Base, Professional Services, and Teleport.
Who are Varjo's investors?
Varjo has 24 investors. Key investors include Epic Games, Volvo Cars, Foxconn Electronics, Zurcher Kantonalbank, and European Investment Bank.
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