June 5, 2020
DAILY BRIEF: Future transport, urban development, funding, acquisition, sustainable fibre and cleantech
Finnish startup Taimer has raised one million US dollars pre-seed funding.
All the daily Finnish business news that works: KONE, Taimer, Spinnova, Kemira, Konehuone, Sensible 4 and Finnish cleantech companies make headlines.
KONE delivers escalators for the Stockholm metro, Taimer raises pre-seed funding, Spinnova and Kemira develop a sustainable dyeing method for fibre, Konehuone is acquired by NetNordic, Sensible 4’s engineers are awarded, and Finnish cleantech gets a good showing.
Finnish company KONE will deliver 20 escalators for the metro system in Stockholm, Sweden. The order is part of the blue line extension, one of the city’s largest infrastructure projects, which in its first phase will add four kilometres and two stations to the line in the Barkarby district. Stockholm is one of the fastest growing capitals in Europe, and the extension is an important part of its development.
Finnish startup Taimer has raised one million US dollars in a pre-seed funding round led by Trind VC, with participation from TAO Ventures, FiBAN (Finnish Business Angels Network), several other investing groups and angel investors, and Business Finland. The startup offers cloud-based business management solutions for sales, customer relationships, projects, invoicing and other business processes, all managed on one centralised platform. Taimer will use the funding on product development and expansion in the Nordics and other selected markets.
Finnish sustainable fibre company Spinnova and chemicals company Kemira have entered into a long-term collaboration to develop a highly eco-friendly inherent dyeing technology for fibre. The method works by dyeing cellulosic fibre mass before it extrudes into filament. This helps to avoid excess use of water, energy, heavy metals and other harmful substances that go into dyeing textiles. The first trials have been very promising and shown that the fibre maintains the in-built colour well. Spinnova is now looking for a brand partner for the disruptive technology.
Norwegian concern NetNordic has acquired 100 per cent of Finnish company Konepaja, which helps customers to modernise their data centre solutions. The Finnish firm employs 19 persons in the city of Espoo and expects to report a revenue of 12 million euros for 2020. The acquisition provides NetNordic with a firmer foothold in the Finnish market while expanding Konepaja’s solutions offering and presence in the Nordics.
The engineers of Sensible 4’s autonomous shuttle bus, GACHA, which is capable of operating in all weather conditions, have been recognised with The Finnish Engineering Award. Read more about it in our breaking news report by clicking the headline.
Check out our weekly Five from Finland series by clicking the headline. This week we look at Finnish cleantech solutions.
Solar Water Solutions
Good News from Finland is published by Finnfacts, which is part of Business Finland.
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