Haltian, an Oulo, Finland-based IoT company that provides IoT software and sensor solutions and services, raised €22 million in growth funding for its IoT software and sensor solutions, and services for real estate.
The round was led by Mandatum Asset Management Growth Equity II fund (MAM GE) and joined by Varma, Tesi, Ventic, and Inventure.
The new funding will be used to accelerate its expansion in the US and Europe and to launch new IoT products later in the year.
“At Haltian, our mission is deeply rooted in making working life smoother,” said Pasi Leipälä, the CEO and one of the co-founders of Haltian. “This mission has resonated with our clients. We are excited to continue to deliver cutting-edge IoT solutions that help our clients thrive in the digital age, make better data-driven decisions, and ultimately contribute to building a more sustainable future.”
"The new funding enables us to boost our global commercialization efforts and to build a truly successful Finnish hi-tech story," says Leipälä. "Specifically, the new funding will further support Haltian's international expansion in Central Europe and North America, as well as our recruiting effort. As a way of answering to growing customer demand, we are also looking to launch new cutting-edge IoT products in 2023."
Haltian’s core offering includes easy-to-use IoT software and sensor solutions and services that can be implemented for multiple needs in commercial real estate. The company has recently established offices in the Netherlands and California, and with the new funding, it is poised to continue its successful international expansion.
Company: Haltian, Ltd.
Round: Growth Round
Funding Month: April 2023
Lead Investors: Mandatum Asset Management Growth Equity II fund (MAM GE)
Additional Investors: Varma, Tesi, Ventic, and Inventure
Company Website: https://haltian.com/
Software Category: IoT Solution
About the Company: Founded in 2012 by Pasi Leipälä, Teemu Vaattovaara, Jyrki Okkonen, and Ville Ylläsjarvi., Haltian is a global IoT company from Finland whose specialization includes designing and engineering for IoT, including digital twins for buildings, sensor networks, wireless devices, wearables, cameras, and services. The company offers multiple sensors, including 2G GPRS, Bluetooth, Wi-Fi, GPS, an accelerometer, a gyroscope, a magnetometer, and more. Haltian IoT services include the Empathic Building digital twin service for smart buildings and Thingsee, the IoT technology platform that enables faster IoT launches for mass-scale deployments. Haltian also provides new product development services to help companies get their product from an idea to a ready product. Headquartered in Oulu, Northern Finland, Haltian currently employs 145 people globally, and it counts CBRE and ISS amongst facility management and real estate clients.