February 12, 2020
DAILY BRIEF: Fresh coin, firms join forces, IT training and crossing the pond
Finnish digital marketing agency Genero has grown beyond Finland.
All the daily Finnish business news that works: Valo Therapeutics, Creanord, Genero and Kajaani University of Applied Sciences make headlines.
Valo Therapeutics raises fresh coin, Creanord joins forces with Taiwan’s Lanner Electronics, Kajaani University of Applied Sciences provides large-scale IT training in Pakistan, and Genero crosses the pond to Sweden.
Finnish immuno-oncology company Valo Therapeutics (Valo Tx) has raised 1.1 million euros in its latest funding round, which brought in financing from existing investors, a non-dilutive loan from public funding agency Business Finland and seed capital from private investors. The company develops tumour antigen-coated oncolytic viruses as therapeutic vaccines, and the fresh funding was triggered by positive pre-clinical data that will enable it to proceed to first-in-human trials with its PeptiCRAd platform. So far, Valo Tx has raised 10 million euros and plans to complete its Series-A funding by summer 2020.
Finnish service assurance expert Creanord has started a new partnership with Taiwanese electronics manufacturer Lanner Electronics to offer comprehensive performance assurance solutions to carriers and service providers. The two companies have jointly developed the palm-sized CreaNODE 500 Mini Probe hardware platform that is packed with the compute performance and connectivity required for large-scale mesh network monitoring and other performance monitoring use cases.
Kajaani University of Applied Sciences (KAMK) has signed a memorandum of understanding (MOU) with the state of Pakistan to provide hundreds of thousands of Pakistani students with digital learning materials in disruptive technologies such as artificial intelligence (AI), the Internet of Things (IoT) and health technology. Around 20 000 students will participate in the pilot programme, with the number expected to grow exponentially in the coming years. Due to the sheer size of the undertaking, KAMK will also engage other Finnish universities and organisations in the project.
Government of Pakistan
Finnish branding and growth marketing agency Genero has expanded its operations to Sweden with a new office in Stockholm. The new Swedish branch will be headed by Genero’s Christopher Oksman, and the company recruited former Loyaltic sales director Edvin Årefors as its new business director. The fast-growing digital marketing agency now has three offices in Finland and Sweden, reported sales of seven million euros last year and a team of around 50 employees.
Good News from Finland is published by Finnfacts, which is part of Business Finland.
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