Folkbeliever: Distance Technologies

Bite-sized legal advice for the pixel-sized revolution 

Distance Technologies is a Finnish deep tech start-up pioneering the world’s first true glasses-free mixed reality solution. Immediately after its establishment, the company attracted international interest and significant investments from investors such as Google Ventures, Maki.vc and FOV Ventures. Talouselämä, the largest weekly business magazine in the Nordics, also named Distance as one of Finland's most interesting start-ups.  

The founders of Distance are not first-timers when it comes to establishing startups. Urho Konttori, the CEO of Distance and Jussi Mäkinen, the CMO of Distance, among other current founders of Distance were also founders in Varjo. Experience from startups has played a role in the speed the company has grown but also in the way the founding team understood the value of effectively managing legal affairs.

The company’s rapid growth and unique technology required a strong legal foundation from the very beginning. Konttori explains: 

"Our technology is completely new, and to even open discussions with potential investors and contractual parties, we had to consider the legal matters carefully from day one. Folks' team has been involved from the beginning to ensure that all the legal pieces are in place."

Efficiency through weekly check-ins  

Folks has been Distance’s legal partner since the company's incorporation. Folks’ team has drafted the founding documentation and assisted Distance in financing rounds: first, in the pre-seed funding led by Maki.vc and FOV Ventures, and secondly, in the EUR 10 million investment round led by Google Ventures marking its first investment in a Finnish company. In addition, Folks has provided daily legal support for Distance in various legal matters. Konttori describes the partnership as follows: 

 ”Our cooperation has evolved on the basis of our needs. We’ve formulated a habit of going through governance and daily legal matters in our weekly status meeting with Folks. I find these weekly check-ins especially useful for a start-up which has to juggle multiple tasks, including challenging legal tasks, simultaneously. If there is one tip I would give to any start-up it is to adopt this model as it enables the company to identify potential legal risks and manage them effectively without sending lengthy emails back and forth."

Legal partnership enables Distance to focus on development 

Distance has quickly emerged as one of Finland's most promising technology companies. Talouselämä's recognition as Finland's most interesting start-up shows that the company has managed to inspire confidence among investors and markets alike. Distance also recently announced a partnership with Patria, where Patria and Distance will create a unique solution designed for real-time tactical situations and utilizing the patented Distance XR light field and digital optics technology to achieve unprecedented situational awareness combined with exceptional low-light visual acuity. 

Folks' ongoing legal support ensures that the company can focus on development without unnecessary delays. In the technology sector, the business environment is changing rapidly, so a partner needs to understand not only the contracts and financing patterns, but also the dynamics of the industry as a whole. Especially when the business is evolving fast, legal support needs to be accessible and practical.  

Distance’s CMO Jussi Mäkinen sees collaboration as a clear competitive advantage: 

"We need to be able to focus on what we are best at. Folks makes collaboration easy and ensures that legal issues do not distract from growth and development. Their advice is practical, to the point and delivered promptly. That's exactly what a technology company needs from its legal partner."

Distance Technologies is a Finnish deep tech startup founded in 2024 that develops fully eye- and headset-free augmented reality solutions. Its revolutionary technology turns, for example, a car windscreen into an interactive experience without the need for traditional display devices. The innovation uses light field technology to bring a three-dimensional image into the user's field of vision without the need for separate glasses or headgear. The company has quickly attracted international interest, and its development has been supported by major investors such as Google Ventures.  

Read more about Distance from their website: https://distance.tech 

Legal partner for the tech industry

 

Folks has proven track-record in providing legal services for technology companies at all stages: from start-ups to established players, tailored to the appropriate stage of their business. The legal aspects of the IT and technology sector require an understanding not only of contracts and financing, but also of business development and future scalability. If you want advice in legal issues, such as financing, corporate structure, contracts, GDPR, protecting your brand and ideas or retaining the people who are vital to your business, backed up by strong business acumen, then we are your folks.