IoT-house Haltian raises EUR 6.6 million in new growth funding
Haltian, a global IoT and development house based in Oulu, Finland, has raised a EUR 6.6 million funding round. The funds raised will further support the company’s strong growth, which surpassed 71 per cent last year. Haltian will use the growth funding to, among other purposes, to open new markets in North America and to grow the product development teams and hence, the product range.
Investors in the round include, for instance, Inventure, Nordic Option, Ventic, as well as other Finnish and Swedish private investors, in addition to Tesi (Finnish Industry Investment).
Tesi’s investment was the first one to be made from the EUR 100 million co-investment facility agreed to between Tesi and European Investment Bank (EIB) in late 2021. The facility is part of European Guarantee Fund (EGF). The financing under it will enable larger funding rounds, improves the companies’ capabilities for larger investments, and channels EU-growth capital into Finnish SMEs.
Furthermore, an investment in Haltian was also made from Tesi’s temporary Venture Bridge special investment programme that closes at the end of March 2022 concerning applications for initial investments.
”Haltian has proven itself as one of the leading IoT houses in Finland, showing impressive growth figures and international customer references. We are happy to invest in the company together with other strong investors”, elaborates Juha Lehtola, Director of Tesi’s Venture Capital team, the investment decision.
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Further information:
Juha Lehtola, Director, Venture Capital investments
juha.lehtola@tesi.fi
+358 400 647 671
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