Varjo logo — The world's most advanced VR/XR products & services already...

Varjo

The world's most advanced VR/XR products & services already trusted by astronauts, fighter pilots, and car designers.

Founded 2016 Finland Finland 219 employees Private Equity Total: $362.90M Hardware, VR/AR +1

General Information

Company Name Varjo
Founded Year 2016
Location Finland Finland
Founders / Decision Makers
Team member
Employees 219
Industries Hardware, VR/AR, Web3
Funding Stage Private Equity

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About Varjo

Varjo, founded in 2016 and headquartered in Finland, is at the forefront of the Hardware, VR/AR, and Web3 industries. Known for its claim of producing "The world's most advanced VR/XR products & services," Varjo has already garnered trust from high-profile users, including astronauts, fighter pilots, and car designers.

Driven by a vision to blend virtual, mixed, and traditional realities with the human eye's clarity, Varjo offers a comprehensive suite of high-end VR and XR solutions accessible globally. Their innovative approach has attracted significant interest from investors, culminating in a recent $200 million private equity investment completed on 04 June 2025, led by prestigious names such as Lufthansa and Tristan Cotter.

Despite facing employment scams, Varjo remains committed to expanding its team, underscoring its rapid growth and ongoing influence in the tech world. Investors would do well to monitor Varjo as it continues to revolutionize the realities industry.

Business keywords: VR Hardware, XR Software, Mixed Reality, Virtual Reality, Augmented Reality, Immersive Computing, Spatial Computing, Simulation Training, Metaverse Technology, High-Fidelity Display, Realistic VR Experiences, Human Eye Clarity VR, Integration with Real World, Advanced Training Solutions, Enterprise Solutions

Funding Rounds & Investors (10)

View All
Funding Stage Amount Investors Lead Investors Date
Private Equity 200.00M 2
Lufthansa, Tristan Cotter
04 Jun 2025
Venture Round €3.00M 1
Nordic Secondary Fund
10 Apr 2023
Series D $40.00M 7
Atomico, EQT Ventures +5
06 Sep 2022
Debt Financing €20.00M 1
European Investment Bank
03 Dec 2021
Secondary Market Undisclosed 1
Nordic Secondary Fund
30 Sep 2020
Series C $54.00M 7
Atomico, EQT Ventures +5
12 Aug 2020
Corporate Round Undisclosed 1
Volvo Cars Tech Fun
30 May 2019
Series B $31.00M 5
Atomico, EQT Ventures +3
07 Oct 2018
Debt Financing $6.70M 1
Business Finland
30 Nov 2017
Series A $8.20M 7
EQT Ventures, Lifeline Ventures +5
29 Sep 2017

Varjo Alternatives & Competitors

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FAQ About Varjo

The world's most advanced VR/XR products & services already trusted by astronauts, fighter pilots, and car designers.
Varjo was founded in 2016.
Varjo is headquartered in Finland.
Varjo operates in Hardware, VR/AR and Web3. Its work centres on VR Hardware, XR Software, Mixed Reality and Virtual Reality.
Varjo has approximately 219 employees.
Varjo has completed 10 funding rounds, raising a total of $362.90M. The latest funding stage is Private Equity.
Top alternatives and competitors to Varjo include OVA, AlterEyes, UX3D, Scatter, Metappfactory - The Metaverse development company. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Varjo and OVA are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Varjo, https://bouncewatch.com/company/varjo, updated 30 July 2025. When citing, please name BounceWatch and link this page.

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