An illustration of ICEYE's SAR satellite above earth
 ICEYE will expand its SAR satellite constellation with the help of SpaceX. Image: ICEYE

DAILY BRIEF: Satellites, game funding, meat alternative, pharma, paper and circular economy

All the daily Finnish business news that works: ICEYE, Savage Game Studios, Gold & Green Foods, Orion, Valmet and VTT make headlines.

Rasmus Hetemäki


Savage Game Studios receives seed funding, Gold & Green FoodsPulled Oats lands in Taco Bell’s shells in the UK, Orion signs distribution deals with Vetoquinol, ICEYE’s SAR satellites hitch a ride on a SpaceX flight, Valmet wins an order in China, and a VTT-led consortium explores a new circular economy concept in Indonesia. Click on the headlines for more in-depth information about each piece of news.

Savage Game Studios raises USD 4.4 million

Savage Game Studios mobile shooter game

New mobile developer Savage Game Studios has raised 4.4 million US dollars (approx. 3.6 million euros) in seed funding to establish studios in Helsinki and Berlin and work on its first mobile shooter title. The round was led by Makers Fund, with participation from Play Ventures. Savage Game Studios’ 10-person team includes seasoned gaming veterans from Rockstar, Rovio, Next Games and Wargaming. It will seek to utilise the first title, set for a release in selected markets in 2021, to carve out a niche in the highly competitive mobile shooter category and double its size by year-end. Image: Screenshot / Savage Game Studios

Taco Bell UK launches Pulled Oats vegan meat

Gold & Green Food's Pulled Oats

Fast food chain Taco Bell has added Finnish company Gold & Green Food’s Pulled Oats plant-based meat filling to its UK menu. Pulled Oats is now available as a meat alternative in any meal, from burritos and quesadillas to the iconic Crunchwrap Supreme, in all 53 Taco Bell restaurants in the UK. The protein is made from oats, yellow peas, faba beans, gently pressed rapeseed oil and salt. It is fast gaining popularity across Europe and has also landed in the US. Image: Gold & Green Foods

Orion and Vetoquinol expand collaboration

A dog with its tongue out

Orion Animal Health, part of Finnish pharmaceutical company Orion, has signed new distribution agreements with large animal health company Vetoquinol. As part of the agreements, Vetoquinol will start marketing and selling Orion’s Clevor, an eyedrop used to induce vomiting in dogs to treat poisoning, in the US. In return, Orion will take on the distribution of Vetoquinol’s Drontal and Profender products, used for the treatment of internal parasites in cats and dogs, in Finland, Hungary and Romania. Image: Unsplash

ICEYE to launch SAR satellites on SpaceX flight

A SpaceX rocket launching

Finnish microsatellite manufacturer ICEYE will send three synthetic aperture radar (SAR) satellites into orbit with a SpaceX rideshare flight scheduled for take-off on 21 January. The launch will extend ICEYE’s constellation to six SAR satellites, which provide timely and reliable radar satellite imagery of any part of the Earth to governmental and commercial partners. The company has expanded its presence in Europe and is establishing a manufacturing site in the US, promising “big plans for 2021”. Image: ICEYE

Valmet wins order from Chinese paper mill

Valmet's container board making line

Valmet will supply a new container board making line to Shanying Paper’s Zhaoqing mill in China. The PM 53 line will produce test-liner grades and expand Shanying Paper’s business in the Guangdong area of the country. The startup is scheduled for the first quarter of 2022. Valmet has previously delivered several board making lines to the Chinese company. Image: Valmet

VTT-led project to fish out plastic from rivers

Man on a raft removing plastic from a river

VTT Technical Research Centre of Finland has put together a consortium to explore new techniques for identifying, recovering and recycling plastic waste floating in rivers in Jakarta, Indonesia. The project will utilise optical sensors installed in drones and fixed locations to identify the plastic in the water, as well as examine a number of recycling methods. Read our article on the project by clicking the headline. Image: Shutterstock

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