Varjo
Varjo provides military-grade VR/XR headsets, software, and professional services for mission-critical training and simulation across air, land, and sea.
Varjo has raised €139M across 8 funding rounds from 12 investors, most recently a Debt round in Aug 2025. Based in Helsinki, Finland; active in Software and Hardware. Data as of 28 Oct 2026.
Helsinki, Finlandwww.varjo.com ↗
Total raised
€139M
€138,524,069
Funding rounds
8
Investors
12
distinct backers
Active since
2017-04
latest 2025-08
Funding by year
EUR raised per yearVarjo — funding by year — interactive chart.
Data table
| Varjo — funding by year | |
|---|---|
| 2017 | €20M |
| 2018 | €27M |
| 2019 | €0 |
| 2020 | €46M |
| 2022 | €40M |
| 2025 | €5.0M |
Signals
High confidenceRaise-next likelihood16
base rate 45% for Debt
- ▼ Past typical raise window
- ▼ Down/flat last round
- ▼ Low backer re-investment
Exit likelihood20
base rate 11% (2+ rounds)
- ▲ €100M+ raised
- ▲ 8 rounds raised
- ▲ 9y since founding (typical exit age)
- ▼ No recent equity round (debt-only or quiet)
Timing: overdue vs cohort gap · momentum down. Funding-only estimates, not predictions and not investment advice — see signals.
Funding rounds
8 rounds| Date | Stage | Amount | Investors | |
|---|---|---|---|---|
| 2025-08-22 | Debt | €5.0M | THEON | View deal → |
| 2022-09-07 | Series D+ | €40M | Atomico,EQT Ventures,Foxconn,Lifeline Ventures,Mirabaud,Volvo Car Tech Fund | View deal → |
| 2020-08-12 | Series C | €46M | — | View deal → |
| 2019-04-01 | Other | €0 | Volvo Cars Group | View deal → |
| 2018-10-01 | Series B | €27M | Atomico,Next47 | View deal → |
| 2017-10-03 | Series A | €7.0M | EQT Ventures,Lifeline Ventures,PREsence Capital,The Venture Reality Fund | View deal → |
| 2017-07-11 | Series A | €7.2M | EQT Ventures | View deal → |
| 2017-04-01 | Series A | €6.3M | Tekes | View deal → |