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I

Illusian

Venture Capital

Illusian is the family office of Supercell co-founder Ilkka Paananen.

Portfolio

4

companies

Investment by month

By category

  • AI/ML£20.4M
  • Satellites£13.9M

By location

  • London£20.4M
  • Reading£13.9M

Portfolio companies

C

CodeWords

CodeWords develops AI agents that automate business workflows without requiring code.

L

Limbic

Limbic develops clinical mental health artificial intelligence to support healthcare providers and patients.

N

NewOrbit

Building satellites designed to operate in very low Earth orbit

Ontik

Ontik

Ontik automates trade credit and collections for business-to-business wholesalers.


Recent investments

Series A
$18.5M

The Series A round was led by Voyager Ventures to fund the construction of a new production facility in the Thames Valley.

"For sixty years, VLEO has been treated as too hostile an environment for commercial satellites — but it is in fact the most valuable empty real estate in space. Today, no one in the industry has a reliable, affordable, and fast way to fly payloads into very low Earth orbit. We built our NEO-1 satellite to do exactly that,"
— Anatolii Papulov, Co-founder
Seed
£2.8M

The seed round was led by Firstminute Capital and saw participation from several institutional backers and angel investors.

"B2B wholesalers are the financial engine of the real economy but most are still managing credit with spreadsheets, phone calls and handwritten notes. We’re giving them modern, automated workflows that save hours every day and unlock serious operational efficiency."
— Chris Smith, Co-founder
Series A
£11.0M

The financing round was led by Khosla Ventures with participation from Gaingels and Illusian.

"The global behavioral healthcare sector is grappling with a critical workforce supply challenge. Care providers are experiencing burnout, and services are stretched thin, operating on slim margins."
— Ross Harper, CEO and co-founder