# SpinDrive

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/spindrive

- Industry: Industrial Machinery
- Headquarters: Lappeenranta, Finland
- Website: www.spindrive.fi
- Total disclosed funding: $4M
- Latest round: Series A (Nov 8, 2023)
- Investors on record: 4

## About

Founded in 2015 and based in Lappeenranta, Finland, SpinDrive Oy is a magnetic bearing manufacturer. SpinDrive specializes in the design and production of active magnetic bearings (AMBs) for high-speed machines. The firm’s product line includes a Magma® magnetic bearing controller and an active magnetic bearing system. In October 2025, SpinDrive Oy raised an undisclosed amount of growth funding co-led by returning investors Rhapsody Venture Partners and Innovestor.

## Funding rounds

- Series A, Nov 8, 2023, $4M — Innovestor, Rhapsody Venture Partners, D11Z.Ventures
- Seed, Dec 16, 2019 — Butterfly Ventures

## Investors

- Butterfly Ventures (https://capitalatlas.ai/funds/butterfly-ventures) — Seed
- Innovestor (https://capitalatlas.ai/funds/innovestor) — Series A
- Rhapsody Venture Partners (https://capitalatlas.ai/funds/rhapsody-venture-partners) — Series A
- D11Z.Ventures (https://capitalatlas.ai/funds/d11z-ventures) — Series A