IPRally and Surgify Medical receive funding, Valamis is backed by Adelis Equity Partners, Tschudi Tank Transport is acquired, the Calypso icebreaker is launched in Finland, and The New York Times names Turku as a top post-pandemic travel destination. Click on the headlines for more in-depth information about each piece of news.
Finnish startup IPRally has raised two million euros in seed funding in a round co-led by Join Capital and Spintop Ventures, with participation from previous investor Icebreaker.vc. The financing allows the startup to accelerate its expansion and development of an AI tool for patent searches. The two-year old startup has built up strong momentum, quadrupling its revenue in 2020 despite the pandemic and expanding to a team of 12. Among its customers are blue-chip companies across industries such as ABB, Philips, Spotify, Saint-Gobain, KONE and Fresenius Medical Care. Image: IPRally
Surgify Medical has raised 1.4 million euros in its third round from Innovestor Ventures, Swedish investor Peter Lindell and prominent Finnish angel investor Leena Niemistö, as well as existing investors. The Finnish healthtech startup will use the funding to bring its patented surgical drill to market. The drill is designed to make bone surgery safer by preventing nerve and blood vessel injuries caused by surgical drills, and promises to reduce the time and money spent on surgeries. The drill can perform various surgical procedures in the head, neck and spine areas, and also lends itself to dental procedures and surgical robotics. Image: Surgify Medical
Finnish digital learning and workforce development company Valamis has announced a partnership with Adelis Equity Partners, a growth partner for mid-sized Nordic companies. In partnership with the Valamis management, Adelis will acquire shares from Valamis Group’s passive investors and provide growth capital to the business. Valamis has developed an award-winning learning experience platform that enables personalised learning for employees with enterprise customers spanning all industries. As part of the transaction, Anders Böös will join Valamis’ board as the new chairperson. Image: Valamis
Dutch logistics service provider Den Hartogh Logistics will acquire Tschudi Tank Transport, the Finland-based tank transport division of the Tschudi Group. The deal will see Tschudi’s liquid bulk activities change hands and strengthen Den Hartogh’s network in Northern Europe, particularly in Finland and the Baltics. It follows more than 20 years of collaboration between the organisations. Image: Den Hartogh Logistics
The Finnish Transport Infrastructure Agency has launched Calypso, an icebreaker equipped with a hybrid motorised removable bow powered by Danfoss Editron. Currently moored in Lappeenranta’s Mustola harbour, the concept vessel has begun operating on Lake Saimaa and the surrounding deep waterways. The removable bow is the largest of its kind and was delivered by Turku Repair Yard as part of the Winter Navigation Motorways of the Sea II project, co-funded by the EU. The innovation enables ice-strengthened tug boats to be used as icebreakers capable of breaking ice up to 70 centimetres in thickness. Image: ILS Ship Design & Engineering
The New York Times has named Finnish city Turku among the 52 top destinations to visit after the coronavirus pandemic. The city sits on the River Aura on the south-western coast of Finland, surrounded by nature and the Finnish archipelago. Click on the headline to read more about the nomination in our article. Image: Vesa Aaltonen