Takeoff Partners has worked with Lenio for a few years on its internationalisation planning, business plan formulation, and crafting Lenio's investment story. Now it  served as an advisor to Lenio, as Panostaja invested in the SaaS solution provider for mobile work.

On June 12, 2025, Panostaja Oyj (panostaja.fi) signed an agreement to purchase shares of Lenio Oy from its owners and to make a significant investment aimed to accelerate Lenio's growth. Panostaja's total investment amounts to approximately 2.5 million euros, resulting in an ownership share of about 55%. 

The enterprise value of Lenio in the arrangement is approximately 3.8 million euros. The founders and management of Lenio will remain key personnel within the company and significant minority shareholders. Lenio will constitute a new portfolio company for Panostaja.

Strong development

Lenio's net sales and recurring ARR base have grown strongly in recent years. The net sales were slightly over 0.7 million euros in the financial year ending December 31, 2024, with a growth of 25% compared to the previous financial year. The company's annual recurring revenue (ARR) base at the end of the 2024 financial year was approximately 0.7 million euros.

Founded in 2013, Lenio is a SaaS product company developing solutions for mobile work management. 

Lenio has a customer base of over a hundred SMEs from various sectors, including installation, consulting, maintenance, and construction, as well as energy and security sectors. Lenio is headquartered in Tampere.

Takeoff Partners' role

Lenio aims for a significant market position in its industry domestically and aims for international growth with a highly scalable business model. Lenio helps its clients streamline their operations and frees up entrepreneurs' time – while simultaneously enhancing the productivity and competitiveness of its client industries. 

Takeoff Partners has helped Lenio over the last few years in formulating its investment case and producing an investor deck with which the company successfully raised equity and simultaneously laid out initial plans for international expansion.

Most recently, Takeoff Partners advised Lenio in the process of negotiating for the Panostaja investment.

Onwards and upwards 

Panostaja's investment supports and accelerates Lenio's growth strategy. With growth financing, Lenio can bring new capabilities and offering to its product and strengthen its commercial organization. Together with the management, Panostaja's objective is to build a significant Finnish SaaS growth story.

Lenio's founders Simo Mäkinen and Jyrki Saario continue as significant minority owners of the company, along with other key personnel.

"We have built Lenio forward with determination, and now is the right time to accelerate growth with an investor partner. Panostaja's approach and SaaS focus have convinced us, as it brings us strong strategic and business expertise from both a commercial and technological perspective", says the company's Chief Technology Officer Jyrki Saario.

"Our goal is to take Lenio's growth story to a whole new scale. We want to serve and enable our customers' success even more broadly, as well as grow in the domestic market and open international markets", says Lenio´s CEO Simo Mäkinen.

Takeoff Partners wants to congratulate both Lenio and Panostaja for reaching the agreement and wishes both a successful future working together!