# ÄIO

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/aio-2

- Industry: Biotechnology
- Headquarters: Tallinn, Estonia
- Website: www.aio.bio
- Total disclosed funding: $1.1M
- Latest round: Series A (Sep 26, 2023)
- Investors on record: 3

## About

Based in Estonia, and founded in 2022, ÄIO tech OÜ provides sustainable alternatives to animal fats, palm, and coconut oil. The company was founded by Petri-Jaan Lahtvee and Nemailla Bonturi. In July 2025, ÄIO received EUR 1 million in grant funding from  Estonian Business and Innovation Agency. The company offers a wide range of healthier alternative oil products which replace palm oil, coconut oil, and animal fat. The firm offering includes red oil which is a substitute for fish oil and seed oil and encapsulated oil which is a plant-based alternative that substitutes palm oil, vegetable oil, animal fats, and nutritional yeast. Additionally, the company also provides buttery fat which replaces animal fat and coconut fat. The company plans to utilize the July 2025 funding to speed up the creation of safer and more environmentally friendly substitutes for conventional oils employed in cosmetics and chemical industry uses.

## Funding rounds

- Series A, Sep 26, 2023 — Voima Ventures
- Seed, Feb 9, 2023, $1.1M — Enterprise Estonia, Nordic Foodtech VC

## Investors

- Enterprise Estonia — Seed
- Nordic Foodtech VC (https://capitalatlas.ai/funds/nordic-foodtech-vc) — Seed
- Voima Ventures (https://capitalatlas.ai/funds/voima-ventures) — Series A