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April 25, 2023

Haltian secures funding of €22 million

Funding to support international expansion plans

Haltian, a prominent IoT company based in Oulu, Finland, has secured a substantial €22 million in growth funding to further its innovative IoT software, sensor solutions, and services for the real estate industry. The funding round was led by Mandatum Asset Management Growth Equity II fund (MAM GE), with participation from Varma, Tesi, Ventic, and Inventure, underscoring the high level of interest in Haltian's cutting-edge technology.

With this fresh infusion of capital, Haltian is primed to accelerate its expansion plans in the US and Europe, as well as prepare for the launch of new IoT products later in the year. The company's mission revolves around enhancing working life by delivering IoT solutions that enable data-driven decision-making and contribute to a more sustainable future in the digital era. This approach has already garnered traction with its clients.

“The new funding enables us to boost our global commercialization efforts and to build a truly successful Finnish hi-tech story.”

- comments Pasi Leipälä, CEO and co-founder of Haltian

Leipälä further highlighted that the funding would support Haltian's international expansion plans in Central Europe and North America, while also aiding in recruitment efforts. Additionally, the company has plans to launch new cutting-edge IoT products in 2023, in response to growing customer demand.

Haltian's core offering encompasses user-friendly IoT software, sensor solutions, and services that can be customized to cater to various requirements in the commercial real estate sector. With recent office establishments in the Netherlands and California, and the backing of this new funding, Haltian is poised to continue its successful international expansion and solidify its position as a leading player in the IoT industry.

Neil Hodgson Coyle
Neil Hodgson-Coyle
Editorial chief at TechNews180
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