The Company was formed in 2013 and has secured about 46 m€ of funding with investors including European Innovation Council, Business Finland, Lifeline Ventures, the Finnish Industries Investment (TESI) and Finnish private investors.
About 70% of our funding is private equity and the other 30% includes grants and long-term government loans from the European Commission and Business Finland, as well as licensing revenue.
The latest equity investment round of 22 m€ was completed in January 2023.