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.
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.
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