Nukute, Selma Finance and Fiksuvuokraus.fi raise funding, Athletic Bilbao starts sports research collaboration with Jyväskylä, Aalto University pilots a circular economy solution in Sweden, and Finnish partners launch a free online course to support regenerative agriculture. Click on the headlines for more in-depth information about each piece of news.
Finnish medical technology company Nukute has raised 4.1 million euros in its series-A round in addition to around 800 000 euros in public funding. The largest, three million-euro investment came from the Pharmacy Pension Fund (Finland). Nukute is moving forward with clinical trials and obtaining the CE marking for an added functionality of its Nukute Collare sleep-apnoea screening system, which facilitates the remote monitoring of acute respiratory distress syndrome (ARDS) in COVID-19 patients. The funding will also be used for its European expansion and product development. Image: Nukute
Digital rental apartment service Fiksuvuokraus.fi secured 280 000 euros in funding from angel investors Reima Linnanvirta, Ali Omar and Olli Sirkiä, as well as Gorilla Capital VC. The company strives to become the biggest private apartment rental service in Finland by 2022. The real estate sector is witnessing a wave of digitalisation, and Fiksuvuokraus.fi has developed tools for the market situation. Its service enables landlords to do everything by themselves without a real estate agent, from marketing and booking a viewing to signing up for a contract. Image: Fiksuvuokraus.fi
A pilot of the NPHarvest technology developed by Aalto University will be launched this spring in the new Oceanhamnen district of Helsingborg, Sweden. A test lab will be used to pilot new technologies to recycle nutrients, energy and water from wastewater in the area, with three office buildings and 350 apartments covered in the initial phase. The technology collects phosphorus through coagulation while using membrane to separate nitrogen, resulting in an end product that can be used as fertiliser. The innovation has been tested for roughly one and a half years around Finland and will now be tested under new conditions in Sweden. Image: Nordvästra Skånes Vatten och Avlopp
Selma Finance gains funds and partner in Switzerland
Swiss-Finnish digital financial advisor Selma Finance has received 3.5 million Swiss franc (approx. 3.2 million euros) in an investment round led by TX Group and joined by existing investors and Sparrow Ventures, the venture builder and growth equity investor of Migros Group. As part of the investment, Selma Finance and Migros Bank enter into a partnership to develop and test innovative digital wealth management services and distribution channels. The financing will be used to develop Selma Finance’s advisory services, accelerate growth and launch new products on the Swiss market. Image: Selma Finance
Spanish top-flight football club Athletic Bilbao has signed an innovation agreement with the Finnish region of Jyväskylä and the University of Jyväskylä’s sports and health sciences faculty. The goal of the collaboration is to improve players’ physical performance and manage risk factors causing injuries in football through joint projects and research. In addition, the agreement establishes a connection with Hippos Venue, which will create one of the largest high-performance sports centres in Europe. Image: Athletic Club
A Finnish collective has launched a free online course for farmers that provides them with scientific information on how to improve soil, yield and the environment. Regenerative agriculture has been identified as a key measure for mitigating and adapting to the effects of climate emergency. Finnish farms alone could remove some five megatons of carbon dioxide from the atmosphere, equivalent to the amount emitted annually by cars, by successfully implementing regenerative agriculture methods. Read more about the important initiative by clicking the headline. Image: Atria