June 6, 2019
The daily brief: 6 June 2019
Helsinki-based startup Neverthink has raised two million euros in funding.
All the daily Finnish business news that works: Neste, Neverthink and Nokia make headlines.
Neste and Air BP have expanded their sustainable aviation fuel collaboration in Sweden, Finnish startup Neverthink has raised two million euros, and Nokia has reported 5G and other deals worldwide.
Finnish renewable fuels company Neste and its supply partner Air BP are delivering sustainable aviation fuel to five airports operated by Swedavia, a Swedish state-owned airport operator. Swedavia will use Neste’s sustainable aviation fuel primarily to offset the carbon emission impact of its staff travelling between the locations. The fuel is made from renewable waste and residues and produces up to 80 per cent less greenhouse gas emission over its life-cycle than conventional jet fuel.
Helsinki-based startup Neverthink has raised two million euros in funding. The investors include Estée Lauder’s investment firm, RDW LLC, Markku Mäkeläinen, ProSiebenSat and Superhero Capital. In addition, Neverthink has received a 2.95 million-euro product development loan from Business Finland. Founded in 2016, the Finnish startup handpicks videos from YouTube and packages them into channels.
Nokia has confirmed it has 42 commercial 5G deals in place with operators around the world. Since signing its 30th commercial contract in March, Nokia has closed on average one major operator deal per week. In addition to 5G, Nokia has announced one of the first trials of its fixed-access network slicing (FANS) solution globally. Lebanon’s fixed network services provider, Ogero, will use the solution to securely partition its fibre network into autonomous network slices to be run by other service providers. Nokia’s virtualised distributed access architecture is also being deployed in Norway and Denmark by Altibox, in order to deliver enhanced all-IP-based ultra-broadband services to residential and business customers.
Good News from Finland is published by Finnfacts, which is part of Business Finland.
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