Gubbe raises EUR 4 million to combat loneliness among elderly
Finnish startup Gubbe has raised a EUR 4 million round to speed up the Finnish expansion and international roll-out of their business, which supports elderly people combat loneliness through access to Gubbe helpers. The round was led by Spintop Ventures, in syndication with Tesi (Finnish Industry Investment Ltd), a large and recognized family office, and high-profile angel investors.
Gubbe aims to be a complement to traditional elderly home care by connecting young people and students with elderly people needing help with chores or just someone to talk to.
”Gubbe’s mission resonated strongly with us. The increasing elderly loneliness is a universal problem, and this team is driven to make a change,” comments Joni Karsikas, Investment Director at Tesi, on the investment decision.
Tesi’s investment in Gubbe was made from the temporary Venture Bridge special investment programme that was closed at the end of March 2022 for initial investments.
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Further information:
Joni Karsikas, Investment Director, Venture Capital Investments
joni.karsikas@tesi.fi
+358 40 827 0395
Tesi (Finnish Industry Investment Ltd) is a state-owned investment company that wants to raise Finland to the front ranks of transformative economic growth by investing in funds and directly in companies. We invest profitably and responsibly, together with co-investors, to create the world’s new success stories. Our investments under management total 2.4 billion euros. www.tesi.fi | @TesiFII