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Tampere-based Collo has secured €5 million in a funding round led by SEB Greentech Ventures and FORWARD.one, with Scale Capital participating. Collo specializes in IoT-based analyzers designed to optimize industrial liquid processes. The company plans to use the new funds to enhance its technology and expand its market presence. Collo’s analyzers provide real-time, accurate measurements of liquids, enabling reductions in raw material waste, water use, and CO2 emissions.
Collo was established following extensive liquid research conducted at Tampere University by its founders and key personnel. The company focuses on developing and commercializing technology to enhance the understanding and management of liquid processes across various industries. Collo’s core team comprises skilled developers, researchers, and business professionals, all committed to advancing industrial liquid analysis. Their technology includes high-resolution liquid analyzers and IoT solutions designed for diverse applications. For example, Collo’s Inline Analyzer is used to optimize dairy plants by minimizing product loss and effluent, while its real-time oil condition monitoring helps prevent machine failures. Additionally, the Collo Lab Analyzer supports research and development efforts related to liquids.
“Our unique analyzer solution supports the entire industry in becoming more sustainable and efficient. With the backing of the new funding, we are well-prepared to establish a strong presence in global markets,” says co-founder and CEO Matti Järveläinen.
“The global food and beverage industry is going through a significant transformation driven by climate change, rising demand for sustainable operations, and increasing environmental regulation. Major market leaders have established strategic priorities to cut emissions by half by 2030 and reach net zero by 2050,” Järveläinen explains. “All savings are realised through process optimisation using existing infrastructure. Any processing company can implement Collo analysers to bring their plants to the IoT era and make their processes sustainable without a need for large investments in new production lines.”
Mikko Huumo, Investment Manager at SEB Greentech VC, states: “It is more critical than ever for process plants to invest in technologies that help cut emissions and conserve water fast. Collo offers laboratory-level technology and precision in a cost-effective format, enabling any processing industry plant to achieve this. Major global industry players are already trusting Collo’s solution in process optimisation.”
“The analyser Collo has developed is truly groundbreaking. We are impressed by Matti and his team and are thrilled to join them in their journey to become a leader in liquid analytics,” says Riemer Smink, Managing Partner at FORWARD.one.
Click to read more funding news.
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Read the orginal article: https://arcticstartup.com/collo-raises-e5m/
