Varjo
PrivateLast Round
Grant
Oct 15, 2025
Total Funding Raised
$186.42M
Momentum
Top 5%
of companies Caplight tracks
Company Overview
Varjo operates in Frontier & Industrial Tech and is based in Helsinki. Its latest recorded funding round was a Grant round in October 2025.
Varjo is an industrial-grade technology company that develops and manufactures high-fidelity virtual reality (VR) and extended reality (XR) headsets for professional training, simulation, and design.
Sector
Frontier & Industrial Tech
Verticals
AR/VR Hardware, AR/VR Experiences, Defense Tech
Business Model
B2B
Customer Profile
Hardware + Subscription, Hardware Sales, Subscription SaaS
AI Layer
Application
Historical Pricing
Historical view of private secondary pricing and transaction trends.
Varjo Comparables
Compare Varjo with similar companies based on industry and business-model similarity.
| Company | Similarity | Market Cap |
|---|---|---|
| Vrgineers, Inc. | 82% | |
| AjnaLens | 78% | |
| Magic Leap | 76% |
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Varjo Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Grant | Oct 15, 2025 | ||||
| Convertible Debt | Aug 13, 2025 | ||||
| Convertible Debt | Aug 13, 2024 | ||||
| Series D | Sep 6, 2022 | ||||
| Debt | Dec 3, 2021 | ||||
Series C | Aug 12, 2020 |
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Key People
Founding team and executive leadership
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Varjo Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Presence Capital | Series A |
| Tesi | Series C, Series D |
| EQT Ventures | Series C, Series D, Series B, Series A |
| Ned V | Series C |
| Business Finland | Grant |
| 2020 | Series D |
| Lifeline Ventures | Series C, Series D, Series A, Series B |
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Market signals
Structured signals derived from secondary market and firmographic data.
- Jun 4, 2026
Over 25% of Fortune 100 companies now use the technology.
- Apr 22, 2026
Varjo Base 4.15 introduces new update channels: Release Candidates and Main releases.
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Recent news
Latest coverage and updates
- is_developingOct 30, 2026
On Oct 29th '26 in Finland, Varjo Technologies Oy collaborates with the Finnish Defence Forces Innovation Unit to test and develop virtual solutions that improve soldiers' counter-UAS readiness, piloting the project with a brigade-level unit and deploying the Varjo XR-4 Series mixed reality headset.
- is_developingOct 30, 2026
On Oct 29th '26 in Finland, Varjo Technologies Oy collaborates with the Finnish Defence Forces to pilot and develop virtual counter-UAS training solutions using the Varjo XR-4 Series mixed reality headset, with preparations starting in Feb '26.
- is_developingOct 26, 2026
On Oct 29th '26 in Finland, Varjo Technologies Oy teams up with the Finnish Defence Forces to test and develop mixed reality training that prepares soldiers to spot and counter small attack drones, using XR-4 Series headsets with a brigade-level unit; preparations start in February 2026.
- launchesAug 13, 2026
Varjo Technologies Oy announces Reality Cloud in Apr '22, enabling access to virtual and mixed reality anytime and anywhere across devices.
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Varjo Filings
Explore SEC and related filing metadata, where available.
| Type | Date | Amount Offered | Amount Sold | Filing | Pages | Download |
|---|
Filing documents are not displayed on this public page. Request access to learn about available coverage.
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Frequently Asked Questions
Common questions about Varjo's valuation, stock price, and market status.
Is Varjo a public or private company?
Varjo is a private company.
What is the current stock price of Varjo?
Varjo is a private company, so its shares have no public market price. Caplight tracks Varjo's secondary market activity and provides MarketPrice™ estimates of its share price to Caplight users.
How much is Varjo worth (valuation)?
Valuation information for Varjo is not publicly available.
Can I buy Varjo stock?
Varjo shares may be available on secondary markets subject to transfer restrictions. Caplight facilitates secondary market transactions for accredited investors.
When was Varjo's last funding round?
Varjo's most recent funding round was Grant on October 15, 2025.
Who are the main investors in Varjo?
Key investors in Varjo include EQT Ventures, NordicNinja VC, Atomico, EQT Ventures, Swisscanto Private Equity.
Will Varjo IPO soon?
No public IPO plans have been announced for Varjo.
How can I track Varjo secondary market activity?
Caplight tracks bids, offers, and trades in Varjo's shares on secondary markets.