January 23, 2017

Naava raises over EUR 3 million, opens US factory

Naava calls it “a historical milestone” for a Finnish company to expand operations with a production facility in the US.
Naava calls it “a historical milestone” for a Finnish company to expand operations with a production facility in the US.
Naava

Finnish healthtech company Naava will open its first international production facility in New Jersey this spring, from where it will serve especially the New York metropolitan area.

In the new facility, the Finnish healthtech company will be producing Naava smart active green walls for the US market. To help facilitate this market entry, Naava announced it had closed a funding round during which it raised 3.2 million euros.

Main investors in the latest round are the US wellness real estate and technology firm Delos and Finnish indoor environment solution company Halton. Previous investors also participated.

In total, Naava has raised nearly six million euros in equity funding. On top of this, the company is currently raising an additional 2.2 million euros through crowdfunding with the help of Swedish Pepins. Naava is expecting to close the round in February.

The company has also received over one million euros in non-equity research and design funding from Finnish innovation funding agencies and the European Union.

“The next global trend in real estate is to create human-friendly buildings that are developed with a focus on people’s health and wellness,” says Aki Soudunsaari, founder and CEO of Naava. “In the modern world, we spend 90 per cent of our time indoors, where we breathe man-made, synthetic air and are often disconnected from nature. We at Naava are reconnecting humanity with nature, by embracing millions of years of natural innovation with latest technologies and modern design.”

According to Soudunsaari, Naava’s vision is that by 2025, “one billion people can choose to breathe Nordic forest air, every day and everywhere”.

Good News from Finland spoke to the company now known as Naava in 2014. Read the feature here.

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