The IoT location service company Emergence Oy racked up EUR 1.3 million of private capital during the seed round of funding, which was recently completed. The capital will be invested in product development and boosting international growth.
The new share issue was realized between the 19th of June and the 18th of August 2017 in collaboration with Privanet though their AROUND®-platform, a Finnish investment service group connecting investors with companies looking for funding. Emergence Oy intends to use the capital for product development and boosting international growth.
Emergence Oy is developing Taival, an easy-to-use, affordable, scalable, solar-powered IoT service, which is maintenance-free for up to 10 years. The aim is to offer the easiest, most care-free asset-tracking for businesses to enable more efficient utilization of the companies’ physical assets, thus enabling savings in asset investments, and savings in maintenance cost.
Taival has gained traction from B2B customers at a rapid pace both in Finland and in several European countries. A pilot is currently ongoing with Finnish Transport Agency to monitor the buoys along the coast of Helsinki to guarantee sea safety. In the coming months, several asset management pilots will be started. Emergence Oy won the Elisa IoT Innovation Challenge at Slush in Autumn 2016, and has been partnering with Elisa Oyj ever since. The commercial launch of Taival is planned for early 2018.
Additional Information:
Vesa Aaltonen
Managing Director, Emergence Oy
+358 45 137 5355
[email protected]
Emergence Oy is developing the location service Taival. Founded in 2008, the company has a staff of 9. Emergence Oy is in entirely Finnish ownership, and the company’s headquarters are in Espoo, Finland. www.emergence.fi
Taival sets the standard for getting the most from your physical assets in a simple and sustainable way. We are the only location-tracking service, powered solely by the sun, that takes care of all your outdoor assets for 10 years. Today it helps customers to both ensure safety at sea and to save costs on land. We strive to continually enhance the sensory capabilities of our service.
Privanet Plc consists of Privanet Capital Markets Ltd, which specialises in capital market transactions and Privanet Securities Ltd, which operates the leading Finnish marketplace for unlisted securities online. http://www.privanetgroup.fi/ AROUND: https://around.fi/#around-1
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