November 18, 2019

The daily brief: 18 November 2019

Finnish virtual collaboration platform Glue has been boosted with 3.5 million euros in seed funding.

All the daily Finnish business news that works: Nightingale Health, Sanoma and Glue Collaboration make headlines.

Nightingale launches significant partnerships in Japan, Sanoma expands its educational offering in the Netherlands with an acquisition, and Glue Collaboration completes its seed funding round.

Nightingale Health finds partners in Japan

Finnish biotech company Nightingale Health has launched strategic partnerships with Kirin Holdings Company and Mitsui to bring its advanced blood-testing services to the Japanese market, as well as to develop novel wellness products. As part of the deal, both Kirin and Mitsui made minor equity investments in Nightingale. The Finnish company’s blood-testing technology offers unique insights into a person’s health and risk of developing a chronic disease, which allows for preventive care.

Nightingale Health

Sanoma acquires Essener

Finnish learning and media company Sanoma will acquire Essener, a leading Dutch publisher of learning materials. The Dutch company offers five different digital and printed learning methods in social sciences, a mandatory subject in secondary education in the Netherlands. Essener had net sales of three million euros in 2018. Its offering will be harmonised with that of Sanoma-owned Dutch educational publisher Malmberg.


Glue Collaboration raises EUR 3.5 million

Finnish virtual collaboration platform Glue has raised 3.5 million euros in a seed funding round led by, with participation from Reaktor Innovations, Bragiel Brothers and Foobar Technologies. Finnish public funding agency Business Finland and OP Bank also chipped in to boost the development of Glue. The Finnish startup’s cloud-based platform facilitates virtual meetings between people worldwide in an immersive, three-dimensional virtual space optimised for collaboration.

Glue Collaboration

Good News from Finland is published by Finnfacts, which is part of Business Finland.

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