Keith Bonnici

Investment Director at Tesi /Second Lieutenant

📍 Helsinki, Southern Finland, Finland🔄 Updated September 2026💼 15 investments📅 10 years investing🗓 Last invested Mar 2026𝕏 @upgrade_to_unlock
VC🌍 FinlandInvested this year
15
Total investments
2
Early stage
3
Mid stage
4
Late stage
10y
Years active

Portfolio

12 investments · sorted by recency
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Mid stage
Late stage
Board Observer
Mar 2026
We are developing the worlds first neural digital twin of the environment. A Large Reality Model, a convergence of a Large Language Model and a neural network modelling a high-resolution digital twin of the environment. Our planet is facing unprecedented challenges, from climate change to urbanization. A high-resolution Large Reality Model can provide a sandbox for testing potential solutions to these issues in a virtual environment before implementing them in the real world. Creating a Large Reality Model requires vast amounts of accurate and up-to-date data. Gathering and processing this data is a colossal task. Satellites are insufficient in terms of resolution, and traditional drones are not scalable enough. We have developed a platform to collect the real world high-resolution data for the neural network in order to solve this challenge. We have a platform that operates like a satellite constellation under the clouds using an fleet of lighter-than-air autonomous drones. They have multi-day autonomy, zero emissions, and no noise. McKinsey Global Institutes estimate that AI could potentially deliver an additional economic output of about $13 trillion by 2030, which would add about 1.2% to global GDP growth annually. Given the potential to significantly enhance productivity and efficiency across multiple global industries, the market size for a detailed Large Reality Model at 1 cm/pixel resolution could potentially be valued in the hundreds of billions to trillions of dollars. Kelluu is a first mover into this market.
Board Observer
Dec 2025
NestAI is a fast-growing European physical AI lab. We build adaptive intelligence for unmanned systems, with a focus on defence and critical infrastructure. Building on an open, modular and interoperable architecture, we enable multi-vendor integration without lock-in and long-term European control over critical autonomous capabilities. Headquartered in Finland and backed by Nokia, Tesi and PostScriptum, we work alongside the Finnish Defence Forces and leading European industry partners to establish the sovereign physical AI foundation for Europe’s security.
Board Observer
Mar 2024
Onego Bio is a US-Finnish food-biotech company revolutionizing the food system by harnessing the power of precision fermentation to manufacture real egg protein entirely animal-free. Their ingredient, Bioalbumen®, sets a new standard for sustainable protein with identical taste and nutrition, superior functional properties and over 90% smaller environmental footprint compared to eggs from chickens. Onego’s highly efficient and scalable technology caters to the needs of the food industry searching for stable, sustainable functional ingredients. As a game-changer in the field, the company was selected the Winner of Fast Company’s 2023 World Changing Ideas awards and is a co-founder of two industry associations: Precision Fermentation Alliance and Food Fermentation Europe.
Board Observer
Nov 2020
A responsible tech company operating hospitality. Bob’s building a slicker alternative to hotels & short-stay apartments.
early stageHospitality
Board Observer
Jul 2020
Our vision is clear: We’re revolutionizing reality with hardware and software that let you seamlessly merge virtual, mixed and traditional reality – all with the clarity of the human eye. Our mixed reality and virtual reality products are available worldwide: https://www.varjo.com/products We are hiring: https://www.varjo.com/jobs/ Alert: Be aware of employment scams Varjo has received reports of scammers posing as our company representatives and conducting fake interviews via email, text, or Teams chats. Please note that Varjo never conducts interviews through these methods or asks for payment at any stage of the hiring process. Scammers may also attempt to collect your personal information (bank information, birth date, social security number, etc.). If you encounter this, please report it to the U.S. Federal Trade Commission or your local authorities urgently.
Board Observer
Dec 2019
UpCloud is a European cloud service provider offering the world’s fastest cloud servers on an hourly billed infrastructure-as-a-service from 12 data centres in Amsterdam, Chicago, Frankfurt, Helsinki, London, Madrid, New York, San Jose, Singapore, Sydney and Warsaw. We are headquartered in Helsinki, Finland. Our customers run business-critical web applications on our enterprise-level IaaS platform. They trust us for our high performance, reliability and very cost effective pricing. We help our customers to speed up their time to market, get a reliable production environment, and scale their business forward. Our key customer segments are SME’s working in managed hosting, IT services, eCommerce, SaaS, and PaaS. We have been recognized twice as the #1 Performance Leader among the top 10 Cloud Hosting Providers in Europe by Cloud Spectator.
Board Observer
Nov 2018
Dispelix is leading a technological revolution. We believe in the power of simplicity as the driving force of the next computing paradigm. We are here to realize the future, faster, with the best team possible in the field of extended reality waveguide technology. We are driven by our vision to create the best possible waveguides for AR glasses. And to make them undistinguishable from ordinary glasses. We help create a world where technology does not look like technology. Where complexity is replaced by simplicity. Where unnecessary physical products, interfaces and advanced technologies become invisible and available for everyone – through our waveguides.
Board Observer
Sep 2018
Experience Intelligent Commerce Nosto is the intelligent Commerce Experience Platform (CXP) that gives brands and retailers intuitively designed tools to increase online revenue through end-to-end commerce experience management. With experience.AI™, Nosto helps brands enrich and activate customer, product and content data in real-time across personalization, product discovery, and user-generated content to deliver high-performing commerce experiences at scale. Nosto supports intelligent commerce experiences for more than 1,500 brands in over 100 countries, including Kylie Cosmetics, Dermalogica, Belstaff, The Travel Corporation, BYLT Basics, Douglas, MUJI, Flight Center, Lord and Taylor, Vuori, FIGS and more.
Board Observer
Mar 2017
We help publishers and advertisers find new customers, increase engagement, and grow revenue through our Contextual Buying Intent Data Platform. ThirdPresence Contextual Intelligence allows publishers and advertisers to understand the underlying meaning of content and the environment in which their ads are served. As a result, they can connect with relevant audiences at scale and maximize protection – all within a privacy-friendly environment. Thirdpresence is headquartered in Helsinki, Finland and is venture-backed by institutional and angel investors.
Board Observer
Nov 2016
Midaxo's Complete M&A Software Solution helps teams review 5x more deals, react to opportunities faster, focus on high-priority deals, and track pipeline progress against growth targets. Manage everything in one platform, instead of stitching together separate CRMs, VDRs, reporting tools, spreadsheets, & task trackers. Learn more about our end-to-end M&A platform on our website.
Board Observer
Sep 2016
MariaDB is a new generation cloud database company whose products are used by companies big and small, reaching more than a billion users through Linux distributions and have been downloaded over one billion times. Deployed in minutes and maintained with ease, leveraging cloud automation, our database products are engineered to support any workload, any cloud and any scale – all while saving up to 90% of proprietary database costs. Trusted by organizations such as Bandwidth, DigiCert, InfoArmor, Oppenheimer, Samsung, SelectQuote and SpendHQ, MariaDB’s software is the backbone of critical services that people rely on every day. Learn more at mariadb.com.
Board Observer
Sep 2016
We design and market novel enzymatic solutions for the most challenging of industrial conditions to meet our customers need. MetGen’s enzymes – MetZyme® – are industrial, highly-active, natural catalysts that accelerate chemical reactions. They can survive in harsh industrial environments which enables novel applications and combination with other enzymes. MetGen products are protected by international patents. Offering customized projects to meet customer’s specific needs, MetGen uses advances in genetic engineering and microbiology to adapt enzymes to harsh industrial conditions and to handle a variety of lignocellulosic substrates. MetGen has achieved successful industrial trials with sector leaders in the forest and renewable chemicals. In 2014 MetGen Oy has won the Best in BioFuel / BioEnergy category for the Global Cleantech Cluster Association (GCCA) 2014 Later Stage Award. The GCCA’s Global Top 10 Winners represent the best of the association’s 52 member clusters and over 10,000 member companies.
Experience · 20 entries
All (20)
Investments (15)
Founder (1)
Board (15)
2026
Board Observer
Mar 2026
We are developing the worlds first neural digital twin of the environment. A Large Reality Model, a convergence of a Large Language Model and a neural network modelling a high-resolution digital twin of the environment. Our planet is facing unprecedented challenges, from climate change to urbanization. A high-resolution Large Reality Model can provide a sandbox for testing potential solutions to these issues in a virtual environment before implementing them in the real world. Creating a Large Reality Model requires vast amounts of accurate and up-to-date data. Gathering and processing this data is a colossal task. Satellites are insufficient in terms of resolution, and traditional drones are not scalable enough. We have developed a platform to collect the real world high-resolution data for the neural network in order to solve this challenge. We have a platform that operates like a satellite constellation under the clouds using an fleet of lighter-than-air autonomous drones. They have multi-day autonomy, zero emissions, and no noise. McKinsey Global Institutes estimate that AI could potentially deliver an additional economic output of about $13 trillion by 2030, which would add about 1.2% to global GDP growth annually. Given the potential to significantly enhance productivity and efficiency across multiple global industries, the market size for a detailed Large Reality Model at 1 cm/pixel resolution could potentially be valued in the hundreds of billions to trillions of dollars. Kelluu is a first mover into this market.
2025
Board Observer
Dec 2025
NestAI is a fast-growing European physical AI lab. We build adaptive intelligence for unmanned systems, with a focus on defence and critical infrastructure. Building on an open, modular and interoperable architecture, we enable multi-vendor integration without lock-in and long-term European control over critical autonomous capabilities. Headquartered in Finland and backed by Nokia, Tesi and PostScriptum, we work alongside the Finnish Defence Forces and leading European industry partners to establish the sovereign physical AI foundation for Europe’s security.
2024
Board Observer
Mar 2024
Onego Bio is a US-Finnish food-biotech company revolutionizing the food system by harnessing the power of precision fermentation to manufacture real egg protein entirely animal-free. Their ingredient, Bioalbumen®, sets a new standard for sustainable protein with identical taste and nutrition, superior functional properties and over 90% smaller environmental footprint compared to eggs from chickens. Onego’s highly efficient and scalable technology caters to the needs of the food industry searching for stable, sustainable functional ingredients. As a game-changer in the field, the company was selected the Winner of Fast Company’s 2023 World Changing Ideas awards and is a co-founder of two industry associations: Precision Fermentation Alliance and Food Fermentation Europe.
2021
Board Observer
Oct 2021
High tech. Deep roots. Green goes vertical. Netled is the vertical farming one-stop shop for commercial growers. Food security is one of the most important issues of the 21st century. If you want to be part of the solution and start a vertical farming business or expand your existing operations, you have come to the right place. Let’s get growing!
Nomination Board Member
Sep 2021
Optomed is a Finnish medical technology company and a leading manufacturer of handheld fundus cameras and screening software. Optomed combines handheld fundus cameras with software and artificial intelligence with the aim to transform the diagnostic process of blinding eye diseases, such as rapidly increasing diabetic retinopathy. Optomed has offices in Finland, the US and China and the company’s products are sold via various sales channels in over 60 countries globally. The company has an extensive portfolio of over 50 international patents protecting the technology. The products have medical approvals in all key markets, including CE (Europe) and FDA (USA), and CFDA (China).
Show all 20 entries ↓
Investment activity
2016–2026 · 15 investments
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