Go with people who have been there

The Nexit Ventures team has launched and developed several successful high-tech companies. In doing that - some of us for 20 years - we have picked up vast amounts of experience and expertise, and gotten to know some of the key players in the industry.

In other words, the Nexit team has been there. We understand the problems and have insight on the solutions. We provide you with the organizational and managerial resources you need to get started and grow your business.


Investment professionals

     
Michel
Wendell
Artturi
Tarjanne
Pekka
Salonoja
Michael
Mandahl
     
             
     
Patrice
Peyret
David
Aslin
Sami
Karppinen
Risto
Yli-Tainio
     
             

 

Michel Wendell
General Partner

Mobile +1 408 406 6995
Tel. +1 408 725 8400
Fax +1 408 725 8405
michel.wendell@nexitventures.com

Michel Wendell has 20 years of broad experience in launching and managing international Infocom companies. By advising successful start-ups and billion-dollar market leaders in Finland, Sweden, France and the United States, Mr. Wendell has gained a thorough understanding of the changing dynamics of globalizing markets and rapidly developing technologies. His extensive network of contacts in Silicon Valley, where he resides, is a significant resource to Nexit's portfolio companies.

Before co-founding Nexit Ventures, Mr. Wendell served as Vice President of Business Development at Cadence Design Systems. He founded EuroVAR, a European-wide network of Windows based EDA solution distributors, and was VP Europe for OrCAD, Inc., a leading PC based design tool vendor.

Previously, Mr. Wendell launched Mentor Graphics' Scandinavian operations in Stockholm, Sweden, and subsequently headed European Marketing and Product Development from Paris, France, after which he managed partnership programs on a corporate level, based in corporate HQ in Beaverton, OR, USA. He has also worked for Nokia in Finland in various positions including technical application and sales management.

 

Artturi Tarjanne
General Partner

Mobile +358 400 692 992
Fax +358 9 6818 9117
artturi.tarjanne@nexitventures.com

Artturi Tarjanne has 20 years of entrepreneurial Infocom industry experience. Mr. Tarjanne is well known and referenced in Finland for his track record as one of the pioneering successful software entrepreneurs and organizers of industry interests at large. He is also a sought after mentor and advisor for Infocom entrepreneurs.

Mr. Tarjanne is deeply networked in the Finnish technology start-up community and has served as a board member or advisor in over a dozen early stage Infocom companies. He is an active contributor in several Finnish public and private organizations and has served as a board member in e.g. the Finnish Information Processing Association (FIPA), the Finnish Software Entrepreneurs Association, and Software Products Industry (SPIN) programme of TEKES, the National Technology Agency of Finland.

In 1997, Mr. Tarjanne founded AT Consulting Ltd offering management consulting services for information technology entrepreneurs. In 1992, Mr. Tarjanne co-founded Solid Information Technology Ltd, the leading developer of embedded data management platforms. Acting as the CEO and President of Solid, Mr. Tarjanne was given the annual Innosuomi Award ("Innovation Finland") by the President of Finland.

 

Pekka Salonoja
General Partner
Mobile +358 40 836 9034
Fax +358 9 6818 9117
pekka.salonoja@nexitventures.com

Pekka Salonoja is a highly respected Infocom professional, with a 20-year career in Nokia. Mr. Salonoja has held several key positions at Nokia, latest as Vice President and General Manager of Server Software Products at Nokia Mobile Phones, responsible for Nokia's messaging and mobile internet server business with 650+ R&D and product management staff in Europe, US and China.

Having left Nokia in 2002 to pursue a new career in venture capital, Mr. Salonoja joined Nexit Ventures from Startupfactory, an early stage Nordic venture capital firm, where he worked as the Managing Partner of the company's Finnish operations. Mr. Salonoja serves as a chairman of the board of several high-tech start-up ventures.

Mr. Salonoja holds a M.Sc. degree in electronics from the Helsinki University of Technology.

 

Michael Mandahl

 

Michael Mandahl
General Partner
Mobile +46 708 752 296
Tel. +46 8 5250 9020
Fax +46 8 5250 9021
michael.mandahl@nexitventures.com

Michael Mandahl has more than 20 years of Infocom experience and a passion for early stage ventures. He has co-founded several successful companies. His first company Unusual Systems, a computer science think tank created in 1989, was bought by Guide (later Framfab); and his second start-up IQ Media, which pioneered the infotainment market in the Nordic area, was bought by BMG in 1996. Mr. Mandahl's latest entrepreneurial role was as CEO of Mobeon. Mobeon is the leader in IP based voice and video mail. Mobeon was acquired by Ericsson in 2007.

In 2002, Mr. Mandahl joined Mobeon's lead investor Brainheart Capital as a Venture Partner. At Brainheart, he was responsible for the investments in Meru Networks and Radionet, and he made a buy out from Ericsson which was integrated into Mobeon.

In 2005, Mr. Mandahl joined Nexit Ventures to establish the fund in Sweden.

After studies in informatics and business administration at the University of Umeå, Mr. Mandahl spent three years with research and teaching in the field of artificial intelligence.



Michael

Patrice Peyret
Venture Partner

Mobile +1 415 203 2650
patrice.peyret@nexitventures.com

Patrice Peyret has more than 20 years of global Infocom industry expertise. He is the former CEO of Nexit portfolio company Mobileway, now Mobile365, a global content distribution and m-commerce-enabling solutions provider for wireless devices.

Mr. Peyret served as head of engineering at Sun Microsystems for Java technologies applied to portable products such as mobile phones. Mr. Peyret also served as CEO and founder of Integrity Arts, a software concern that specialized in secure system software for smart cards. In 1997, he arranged the acquisition of Integrity Arts to Sun Microsystems.

As head of R&D and business development at Gemplus, the world’s largest smart card vendor, Mr. Peyret initiated the European-funded ESPRIT project that led to the design of the world’s first RISC-based chip for smart cards. Mr. Peyret has also served the consumer electronics industry as general manager of Thomson Consumer Electronics (now Thomson Multimedia) Laboratories in France and Los Angeles, and as technical advisor to Thomson-CSF Ventures, the venture-capital branch of Thomson. He also sat on the board of VPL Research, the company founded in California by Jaron Lanier to pioneer Virtual Reality.

Mr. Peyret holds a Ph.D. from Ecole Centrale in Lyon, France.





David Aslin
Venture Partner
Mobile +1 650 743 1639
Tel. +1 408 725 8400
Fax +1 408 725 8405
david.aslin@nexitventures.com

David Aslin has more than 20 years of global Infocom executive and venture creation experience. His business building expertise was developed as General Manager at HP and in small European technology companies; since 2000 he has applied it in Silicon Valley as a venture capitalist, startup coach and entrepreneur.

Alongside his work with Nexit, Mr. Aslin advises and creates new companies in wireless and clean energy applications.  Previously, Mr. Aslin invested in Nexit portfolio company Bitfone while leading early stage investing for 3i Technology Partners, where he was a General Partner.  Other wireless investments he led for 3i include Triage Wireless, Discera, Kineto Wireless and AOptix.

While serving as head of business development for Richtec plc (now L-3 Communications) Mr. Aslin created a new equipment company, Ottercom, and became its first CEO; it was later acquired by EMS Technologies.

Mr. Aslin’s career at HP progressed from sales engineer to UK General Manager and member of the European leadership team. He created and led a new pan-European business opportunity to $30m revenues in under two years.

A frequent speaker on venture and technology topics, Mr. Aslin is a Charter Member at SVASE and EIR at the Center for Entrepreneurship and Technology at University of California, Berkeley.

Mr. Aslin holds an M.S. from Imperial College, London; CBA from Warwick Business School and MSIB from INSEAD, France.

 

Sami Karppinen
Investment Director

Mobile +358 50 500 4648
Fax +358 9 6818 9117
sami.karppinen@nexitventures.com

Sami Karppinen has gained extensive international Infocom and finance-related experience working with industry leaders like Andersen Consulting, SAP and ABB. As a consultant he helped major telecom and financial companies streamline their operations and processes through large-scale IT installation projects.

Previously, Mr. Karppinen also worked for a quoted Nordic investment company as a researcher of Nordic infocom and infrastructure industry opportunities. At Nexit Ventures Mr. Karppinen conducts industrial and financial analysis and valuations of potential and existing portfolio companies.

Mr. Karppinen holds a M.Sc. (Eng.) degree in international marketing and industrial management from the Helsinki University of Technology, Finland.



Risto Yli-Tainio
Chief Financial Officer

Mobile +358 400 537 721
Fax +358 9 6818 9117
risto.yli-tainio@nexitventures.com

Risto Yli-Tainio has nearly 15 years of experience in financial management in the Infocom industry. He has held several management positions in Finland and in Germany, gaining valuable experience in managing growth and internationalization. Prior to joining Nexit Ventures, he acted as the CFO of SmartTrust Ltd, a fast-growing subsidiary of Finnish-based Telco Sonera Corporation.

Mr. Yli-Tainio has broad international experience in venture capital and M&A operations. In early 90s he worked several years at Sitra, the Finnish National Investment Fund with total commitments of $200 million in Finnish technology companies. In the second half of the 1990s, Mr. Yli-Tainio worked for Sonera Corporation and its subsidiaries in Germany and in Finland.

Mr. Yli-Tainio holds a M.Sc. (Econ) degree from the University of Vaasa, Finland.







Liisa Rehula
Executive Assistant
Mobile +358 50 327 7710
Fax +358 9 6818 9117
liisa.rehula@nexitventures.com
Michele Werner
Executive Assistant
Mobile +1 408 221 0446
Tel. +1 408 725 8410
Fax +1 408 725 8405
michele.werner@nexitventures.com



Advisory Board

To further extend Nexit’s network and to have access to valuable insight and experience, Nexit has invited a few very senior individuals as Advisors to the partnership. Through these Advisors, Nexit is increasing its reach into the business and investment ecosystems as well as into key markets in Asia, namely Korea and Japan.

Risto Siilasmaa, co-founder, Special Partner and Chairman of the Advisory Board

Risto Siilasmaa is one of the most respected and successful high-tech entrepreneurs in Finland. As the founder and Chairman of F-Secure Oyj and its long term CEO from the company’s inception until October 2006, he led F-Secure’s successful initial public offering on the Helsinki Stock Exchange in November 1999. Since then, F-Secure has continued its growth, and is one of the most recognized companies in the field of internet and mobile network security.

Nokia’s board governance and nomination committee has proposed appointing Risto Siilasmaa to the Nokia board. He is also the chairman of the board of directors of Elisa, the second largest telecom operator in Finland. In addition, Mr. Siilasmaa sits on a number of boards of both public and private companies as well as different public service and business community groups.

Mr. Siilasmaa has been actively participating in Nexit Group’s strategy development, and he is also currently the Chairman of Nexit’s portfolio company Ekahau, Inc.

Bo Hedfors

Bo Hedfors, a native of Sweden, has 37 years of telecom experience in both wireline and wireless. He founded his own consulting practice, Hedfone Consulting, Inc., in 2002, through which he advises small private companies as well as industry leaders in the telecom and Mobile space.

Previously, Mr. Hedfors was Executive Vice President of Motorola Inc. and President of its wireless infrastructure business based in Chicago. He came to Motorola Inc. in 1998 from Ericsson, where he spent 30 years in various management positions. This included being president of Honeywell Ericsson Development Co. in Anaheim, California 1984-1986, Chief Technology Officer (CTO) of LM Ericsson in Stockholm, Sweden 1990-1993 and President and CEO of Ericsson, Inc. in Dallas, Texas 1994-1998.

Mr. Hedfors is a board member public companies like Openwave Systems, Inc. and Tellabs, Inc. as well as in several private companies. He has served as an advisor to several industry leading companies like HP, Sun and Compaq and he is also actively involved in several industry bodies and business community groups.

Hide Tanigami

Hide Tanigami is Chairman and CEO of Marubun/Arrow USA, President and CEO of Marubun USA Corporation; and Co-founder and former Chairman of Catalyst Semiconductor, Inc. (NASDAQ CATS). Mr. Tanigami currently serves as a member of the board of directors of Marubun Corporation, Tokyo, Japan (NIKKEI ), Integrated Silicon Solutions, Inc. (NASDAQ ISSI) and Integrated Circuit Solutions, Inc. (Taiwan Public Company). He is also an active board member in several privately held companies, including Ecrio Inc., a Nexit portfolio company. In addition, Mr. Tanigami frequently assists companies in conducting business between Japan and the US.

CR Kang

Mr. Kang is the founder and chairman of MODU Access Inc., a firm that offers a full service approach (marketing, sales, management) for technology companies in Korea as well as companies wanting to enter the Korean market. MODU Access uses the extensive experience and network of its staff to launch companies into commercial success. The firm and its principals also make select investments in their client companies.

Prior to MO DU Access, Mr. Kang founded and built Mentor Korea Co., Ltd. During his 20-year Mentor career, he introduced electronic design tools and services to the Korean market. Mr. Kang has had personal relationships with executives in numerous of the large ICT companies in Korea during their path to become globally recognized companies. Mr. Kang is an active private investor and sits on several boards of private companies.

Mika Salmi

Mika Salmi is President for Global Digital Media for MTV Networks, a unit of Viacom Inc. (NYSE: VIA ). He came to MTVN through its US$200 million acquisition of Atom Entertainment, Inc., where he was the founder and CEO . Atom was a leading destination on the web for entertaining content and casual games, through its multiple brands Atomfilms, Shockwave, Addictinggames and Addictingclips. The company’s websites attracted over 30 million unique visitors per month27 and it also had a growing presence on mobile platforms.

Prior to founding Atom, Mr. Salmi held management positions in companies creating and distributing content, such as Getty Images, Inc., Sony Music and EMI , as well as technology companies involved in the entertainment ecosystem, such as RealNetworks Inc. Mr. Salmi is an active adviser to several private companies addressing the convergence industry.