iPhones on a table
 The Finnish startup Swappie, which trades in refurbished iPhones, has raised significant coin for its international expansion. Image: Unsplash

The daily brief: 28 May 2019

All the daily Finnish business news that works: Swappie, Pemamek, Nexstim and Teleste make headlines.

Rasmus Hetemäki

28.05.2019

Finnish company Swappie has raised serious funding, Pemamek is delivering panel cutting stations to a French shipyard, Teleste is supplying its passenger information solution in Canada, and Nexstim has entered the Canadian healthtech market. Click on the headlines for more in-depth information about each piece of news.

Swappie raises EUR 5 million

Finnish startup Swappie selling refurbished phones has raised 4.5 million euros from Inventure, Lifeline Ventures and Reaktor Ventures, as well as 500 000 euros from Finnish public company Business Finland. Swappie will use the funding towards international expansion. The startup reported 8.1 million euros in revenue last year, in only its second year on the market. Swappie was included in Finnish business publication Talouselämä’s top 10 most promising Finnish startups in April 2019.

Finnish startup Swappie, which sells refurbished phones, has raised 4.5 million euros from Inventure, Lifeline Ventures and Reaktor Ventures, as well as 500 000 euros from the Finnish public company Business Finland. Swappie will use the funding towards international expansion. The startup reported 8.1 million euros in revenue last year, in only its second year on the market. Image: Facebook/Swappie

Pemamek wins order for French shipyard

Finnish company Pemamek has received an order for two highly automated PEMA Panel cutting stations from Chantiers de l’Atlantique (CDA), to be delivered to the Saint-Nazaire shipyard. The new panel cutting stations will allow CDA to significantly improve throughput time, increase capacity and maintain high production quality for

Finnish company Pemamek has received an order for two highly automated PEMA panel cutting stations from Chantiers de l’Atlantique (CDA), to be delivered to the Saint-Nazaire shipyard in France. The new stations will allow CDA to significantly improve throughput time, increase capacity and maintain high production quality in panel processing. The order, to be delivered as a turnkey solution, is a continuation of collaboration between the companies. The stations will be ready for production by the end of 2020. Image: Pemamek

Teleste supplies solution to TransLink in Canada

Finnish technology company Teleste’s passenger information solutions has been selected by TransLink for the Skytrain rapid transit system in Vancouver, Canada. Translink is Metro Vancouver’s transportation network. The Teleste solution provides real-time passenger information delivery and management for public transport infrastructure. It will initially be installed at 33 stations, with deployment already underway.

Finnish technology company Teleste’s passenger information solution has been selected by TransLink for the SkyTrain rapid transit system in Vancouver, Canada. TransLink is the transport network of Metro Vancouver. Teleste’s solution enables the real-time delivery and management of passenger information for public transport infrastructure. It will initially be installed at 33 stations, with deployment already underway. Image: TransLink

Nexstim sells NBS system to Canadian hospital

Finnish targeted neuromodulation company Nexstim developing non-invasive brain simulation systems for diagnostics and therapy has sold a NBS system to the Jewish General Hospital in Montreal, Canada. Nexstim only received its medical device license from Canadian authorities in March 2019. The NBS system is used, for example, when a patient has been diagnosed with brain tumour or other disorder and the lesion is close to functional areas of the brain.

Finnish targeted neuromodulation company Nexstim, which develops non-invasive brain simulation systems for diagnostics and therapy, has sold a navigated brain stimulation (NBS) system to the Jewish General Hospital in Montreal, Canada. Nexstim had only received its medical device license from Canadian authorities in March 2019. The NBS system is used, for example, when a patient has been diagnosed with brain tumour or other disorder and the lesion is close to functional areas of the brain. Image: Nexstim

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

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