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 secures €20M funding for its precision real-time Bluetooth location tracking

Editorial team by Editorial team
August 24, 2020
in News, (Crowd)funding, Startups
0
This Finnish startup secures €20M funding for its precision real-time Bluetooth location tracking
68
SHARES
LinkedInTwitterWhatsAppFacebook

The COVID-19 pandemic crisis has increased the demand for the integration of location-based technologies and other sectors, several companies are trying to bring about numerous ways to safely reopen factories, sports stadiums, construction sites, and offices. Helsinki-based Quuppa is one such startup that helps combat the spread of viruses via its applications for contact tracing, social distancing, and process monitoring.

Raises €20M funding

The real-time location tracking startup Quuppa secured its first-ever funding of €20 million led by Finnish private equity fund Bocap, which focuses on fast-growing small and medium-sized enterprises and Tech Consulting Group TCG Oy with good experience and track record of helping Finnish tech companies grow in the global market.

 - 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

To date, Quuppa has enjoyed revenue of €10 million. With the investment, it looks like the company intends to use the raised funds by taking a huge leap into the global markets.

“With the new investment, we are able to scale up our services, support our global partner network better and further develop our technology and services. Our aim is to grow from €10 million to €100 million in five years and establish our position as a market leader”, said Kimmo Kalliola, CEO and Founding Partner of Quuppa.

“Bocap is very excited about Quuppa. The company perfectly matches our focus on ambitious entrepreneurs looking for significant global growth on a profitable basis within a horizon of 3 to 5 years”, said Vilma Torstila, Partner of Bocap.

“We are thrilled about the various use cases of Quuppa’s indoor positioning platform. If the system can track a hockey puck flying over 100 mph in real-time it shows how robust the technology is,” said Risto Virkkala from TCG.

Quuppa: A heads-up!

Founded in 2012 by Antti Kainulainen, Fabio Belloni and Kimmo Kalliola, Quuppa’s ‘Intelligent Locating System’ lets customers across industries to accurately and reliably locate Bluetooth-enabled devices. Its unique methodology and positioning algorithms pace the way for real-time tracking with high levels of accuracy.

Its technology is used in several vertical markets such as manufacturing, healthcare, smart buildings and sports. The location tracking system has improved the production and operational efficiency in various factories and warehouses globally.

Already, Quuppa has deployed over 2000 location-based service solutions and has over 170 partners across the world. Besides Finland, Quuppa has offices in the United States, China, Australia and the United Arab Emirates.

“Quuppa’s technology not only improves the efficiency of smart factories and buildings but also improves the life of ordinary people as we have seen in hospitals, elderly care, and in the fight against Covid-19”, said CEO Kimmo Kalliola.

Main image picture credits: Quuppa

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 -
Nebula CTO Andre Witte
Cloud spend management 😱
Tracking cloud spend can be tricky. Learn from Nebula's CTO Andre Witte how to keep the...Show More
Tracking cloud spend can be tricky. Learn from Nebula's CTO Andre Witte how to keep the costs at bay in 2021. Show Less
Read more
Tags: Finlandfundingstartups
Share5Tweet17SendShare28

Featured events

07apr10:0012:30FeaturedWorkshop: pr for startupsHow to grow your startup with the help of public relations

Partner content | Work with us

Blue Tulip Awards announce 5 finalists in the Food & Water and Education & Employment theme

Impact media foundation 5 Media offers grants up to €100,000 per year to drive a sustainable future

Here’s how cryptocurrency will take over the world

Blue Tulip Awards is driven by purpose: why innovation and equality go hand in hand

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

Breaking news from Amsterdam | Partner

Amsterdam-based fintech unicorn Mollie enters UK market to helps merchants there grow into Europe post-Brexit

Amsterdam-based HR tech Recruitee takes a “shortcut” to a future unicorn status

Amsterdam-based mobility startup BAQME launches its shared e-box bikes in Rotterdam

Amsterdam’s TomTom resumes share buyback program for remaining €33M; revenue for FY ’20 dips by 25%

  • 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