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Ovido raised €2.4M in Seed funding led by Lifeline Ventures and Kvanted to accelerate product development and scale market efforts across Europe in the textile industry.

Jun 17, 2025•about 1 month ago

Amount Raised

€2.4 Million

Round Type

seed

HelsinkiSoftware

Investors

IllusianKvantedLifeline Ventures

Description

Ovido, a Finland-based provider of a supply chain and product data automation platform, raised €2.4M in Seed funding. The round was led by Lifeline Ventures and Kvanted, with participation from Illusian. The company intends to use the funds to accelerate product development and scale go-to-market efforts across Europe, starting with the textile industry. Ovido helps manufacturers and brands manage product data for traceability, sustainability, and compliance.

Company Information

Company

Ovido

Location

Helsinki, Uusimaa, Finland

About

Ovido is a Finland-based software company that provides a supply chain and product data automation platform. It helps manufacturers and brands manage product data related to traceability, sustainability, and bills of materials. Ovido's platform facilitates compliance and strengthens supply chain relationships, offering SMEs access to enterprise-grade insights. The company serves various brands and suppliers, including North Sails and Papu Design.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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