# Valpas Enterprises

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/valpas-enterprises-oy

- Industry: Consumer Products
- Headquarters: Helsinki, Finland
- Website: www.valpas.io
- Total disclosed funding: $4.9M
- Latest round: Seed (Jun 26, 2024)
- Investors on record: 9

## About

Based in Finland, Valpas Enterprises Oy, Inc. specializes in providing digital certification services that ensure bed bug-free hotel stays, addressing traveler concerns and promoting safer hospitality experiences.Valpas Enterprises Oy, Inc. was founded in 2013 in Helsinki, Finland. The company operates in the hospitality sector, delivering verification services for hotel cleanliness and safety. Its founders include Aleksi Jokela, Martim Gois, Matti Parkkila, and Vertti Sarimaa, with Martim Gois currently serving as CEO. In June 2024, the company successfully raised EUR 4 million in Seed funding, led by Zenith Group, alongside contributions from several other investors, and has completed a total of 2 investment deals.Valpas provides a unique digital certification service aimed at ensuring bed bug-free hotel stays, which is critical in addressing growing traveler concerns over bed bug infestations. The core product offering revolves around an always-on verification system that utilizes real-time data to affirm the bed bug safety of hotel rooms. This certification is prominently displayed on hotel websites and various travel platforms, enhancing the credibility of participating hotels and providing assurance to both guests and hotel operators. Targeted clients include hotel chains and independent hoteliers, primarily in European markets such as France, Finland, and other regions within the EU. By eliminating the reliance on pesticides, Valpas not only addresses guest safety but also aligns with sustainability practices, promoting a healthier environment for guests, staff, and the planet.In 2023, Valpas reported a revenue of EUR 1,019,862 and an EBITDA of EUR 185,227. The company generates revenue through partnerships with hotels seeking digital certification that guarantees a bed bug-free environment for guests. The subscription model allows hotels to leverage Valpas' technology and gain visibility across leading online travel agencies (OTAs), enhancing their market reach. The service is structured to provide significant value to hotels by safeguarding their reputation, increasing customer satisfaction, and ultimately driving more bookings. The certification services, including real-time monitoring and verification, act as flagship offerings, reinforcing the company's commitment to ensuring safe and sustainable hospitality experiences.Valpas Enterprises Oy, Inc. plans to use the EUR 4 million raised in Seed funding on June 26, 2024, to increase production capacity and develop new connections. The company is also looking to expand its market presence beyond current European operations into new geographic regions, although specific markets have not been disclosed. Ongoing development of new products is anticipated to enhance their service offerings, although no specific release dates have been provided.

## Funding rounds

- Seed, Jun 26, 2024, $4.3M — Activum SG Capital Management, Finnish Industry Investment, Global Brain, Rockaway, Reaktor Ventures, Icebreaker Ventures, Zenith Group, Houghton Street Ventures
- Seed, Jun 14, 2018, $0.6M — Reaktor Ventures, Icebreaker Ventures, Maki.vc

## Investors

- Reaktor Ventures — Seed
- Icebreaker Ventures (https://capitalatlas.ai/funds/icebreaker-ventures) — Seed
- Maki.vc (https://capitalatlas.ai/funds/maki-vc) — Seed
- Activum SG Capital Management — Seed
- Finnish Industry Investment — Seed
- Global Brain (https://capitalatlas.ai/funds/global-brain) — Seed
- Rockaway (https://capitalatlas.ai/funds/rockaway) — Seed
- Zenith Group (https://capitalatlas.ai/funds/zenith-group) — Seed
- Houghton Street Ventures (https://capitalatlas.ai/funds/houghton-street-ventures) — Seed