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
Not available
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Net Profit
Not available
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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
Not available
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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.
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
People of Varjo
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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.
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.
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Series A startups are invested in by Nordic Secondary Fund.
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Venture capital investments in technology and innovation sectors.
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Tech-based companies are invested in by Atomico venture capital fund.
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Investor details for Varjo
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Investments & Acquisitions by Varjo
Investment portfolio details for Varjo
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- Transaction dates
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Financial Statements - Varjo
Detailed financials for Varjo
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Varjo Comparisons
Peer comparison for Varjo
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- Headcount comparison
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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.
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Visor is recognized for providing project management and visualization software.
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Code-enabled AR experiences are created for businesses and publishers.
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Wearable eye-tracking technology for head-mounted displays is provided.
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Mixed reality headsets are manufactured for enterprises and defence sectors.
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An AR-based headset for personal assistance is developed.
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Detailed competitors of Varjo
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Latest news on Varjo
Complete news archive for Varjo
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Frequently Asked Questions about Varjo
Varjo was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Varjo is headquartered in Helsinki, Finland.
Timo Toikkanen is the current CEO of Varjo.
Varjo is a funded company, having raised a total of $149.39M across 13 funding rounds to date.
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.
Varjo offers Varjo XR-4 Series, Varjo XR-4 Secure Edition, Varjo Base, Professional Services, and Teleport.
Varjo has 24 investors. Key investors include Epic Games, Volvo Cars, Foxconn Electronics, Zurcher Kantonalbank, and European Investment Bank.