Silicon Canals
TRENDING
  • Mobility
  • AI
  • FinTech
  • Software & SaaS
No Result
View All Result
  • Home
  • News
    • COVID-19
    • Startups
    • Scaleups
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
  • Features
    • Promoted content
    • How-to
    • Knowledge & Insights
    • Guest Contributions
    • Scaling-up in Europe
  • Amsterdampartner
  • Events
  • Newsletter
  • Jobs
  • About
    • Partner with Silicon Canals
    • Team
    • Contact
  • Home
  • News
    • COVID-19
    • Startups
    • Scaleups
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
  • Features
    • Promoted content
    • How-to
    • Knowledge & Insights
    • Guest Contributions
    • Scaling-up in Europe
  • Amsterdampartner
  • Events
  • Newsletter
  • Jobs
  • About
    • Partner with Silicon Canals
    • Team
    • Contact
No Result
View All Result
Silicon Canals
No Result
View All Result

This Finnish startup enables industries to produce less waste water & consume less fresh water; raises €3M

Editorial team by Editorial team
October 15, 2020
in (Crowd)funding, FinTech, News
0
Water
28
SHARES
LinkedInTwitterWhatsAppFacebook

According to the UN and the WHO, every 21 seconds, a child, and about 3.5 million people in a year die in the developing countries owing to waterborne diseases caused by drinking contaminated water. The European water filter market is estimated to rise at a compound annual growth rate of 10.3% throughout the foreseen period.

The situation in the growing economies of Europe is getting worse. The scarcity of fresh water, and the increase in pollution & population, are a few factors that have been increasing the incidence of waterborne diseases and hence boosting the demand for water purification systems.

 - Partner content -
Cost of software - The Software house
The cost of building software
Marek Gajda, CTO of The Software House, shares his insights on building high-quality...Show More
Marek Gajda, CTO of The Software House, shares his insights on building high-quality software. Show Less
Read more

Raises €3M 

This is where Sofi Filtration steps in. The company has raised €3M in a fresh round of funding led by Emerald Technology Ventures and joined by Voima Ventures. This is the first investment of Emerald’s recently announced water innovation impact fund.

Alongside the primary transaction, a secondary transaction was conducted with selected investors including Loudspring. As part of this transaction, Helge Daebel, Emerald Partner for water activities, has joined the board of Sofi Filtration.

Daebel explains, “Sofi Filtration offers a unique, rugged, low-touch and very efficient filtration system for several large industrial markets that are facing significant challenges. Examples are upstream mining and oil & gas production processes, where the amount of water needed per unit of materials extracted increases, while fresh water availability decreases.”

State-of-the-art water filtration technology

Founded in 2011 by Pertti Rantala, Simo Aho, and Ville Hakala, Sofi Filtration is a Finnish provider of state-of-the-art water filtration technology. 

The Finland-based company is backed by public innovation development funds as well as private investors. The company offers water treatment solutions that are robust and highly automated with the industry’s best performance.

Sofi Filter’s automatic and energy-efficient microfiltration solutions can be applied to many industries such as mining, metallurgical, among others.

Sofi Filter’s other developments

Earlier this year the company received funds from the Baltic Sea Action Plan Fund (BSAP). The Fund was jointly managed by Nordic Environment Finance Corporation (NEFCO) and the Nordic Investment Bank (NIB) and is financed by contributions from the governments of Finland and Sweden.

The funds helped the company to purify wastewater on-site. The microplastics that enter larger water streams and eventually in the Baltic Sea, can be removed on-site with the help of Sofi Filter – it can remove as small as 0.3 µm plastic particles from the water flow. With the funds granted, the company will be able to offer plastic manufacturing, recycling, or treatment plants Sofi piloting on-site.

In May this year, a waste-to-energy plant in Tampere, Finland – which incinerates 160,000 tonnes of municipal solid waste annually – equipped with the latest technology – was producing excess amounts of flue gas condensate water. Sofi Filtration helped the plant to save costs and increased the power plant energy output by 5-10%.

In 2015, Sofi Filtration had raised €50,000 grant from EASME – EU Executive Agency for SMEs and an undisclosed amount from Loudspring.

Image credit: Sofi Filtration

close

Want to stay on top of the latest rounds, coolest tech and hottest startups?

Subscribe to our free, daily news blast and stay up-to-date!

Check your inbox or spam folder to confirm your subscription.

 - Partner content -
Hiring during COVID Intrinsic Search
Hiring SaaS sales executives
Check out the do's and don'ts while hiring SaaS sales executives
Check out the do's and don'ts while hiring SaaS sales executives Show Less
Read more
Tags: FinTechfunding
Share2Tweet7SendShare11

Partner content | Work with us

Future of coding: CTOs discuss low-code versus custom code software development for their business

Why now is the perfect time to start hiring for 2021

SaaS sales in 2021: 9 predictions from an industry expert

Diversity in hiring for SaaS: the often overlooked topic of ageism

Boost your scale-up’s growth by outsourcing to these top Eastern European software development companies

Subscribe to our daily newsletter

Check your inbox or spam folder to confirm your subscription.

Breaking news from Amsterdam | Partner

Amsterdam-based 3D Hubs acquired by Protolabs for €272.1M; here’s what you need to know

Amsterdam-based INKEF Capital leads €5M Series A funding round of this Dutch startup

4 experts predict what 2021 might hold for the startup ecosystem of Amsterdam

Here’s why Just Eat Takeaway wants to remain listed in Amsterdam

Advertisement

Trending

3D Hubs
Amsterdam

Amsterdam-based 3D Hubs acquired by Protolabs for €272.1M; here’s what you need to know

January 19, 2021
London
(Crowd)funding

London tech firms raise €8.6B VC investment in 2020: Report

January 15, 2021
Amsterdam
Amsterdam

9 promising sustainable startups from Amsterdam to watch in 2021

January 20, 2021
  • About Silicon Canals
  • Partner with Silicon Canals
  • Contact us
  • Newsletter
  • Disclaimer
  • Privacy policy
  • Terms & Conditions Silicon Canals

Silicon Canals 2014-2020 | Website: Bright Idiots

No Result
View All Result
  • Home
  • News
    • COVID-19
    • Startups
    • Scaleups
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
  • Features
    • Promoted content
    • How-to
    • Knowledge & Insights
    • Guest Contributions
    • Scaling-up in Europe
  • Amsterdam
  • Events
  • Newsletter
  • Jobs
  • About
    • Partner with Silicon Canals
    • Team
    • Contact

Silicon Canals 2014-2020 | Website: Bright Idiots

X

This website uses cookies to ensure the best possible experience. We may share this information with our advertising and analytics partners. By clicking 'Accept', you agree to our use of cookies and similar technologies. More info