Espoo, Finland-based Infrakit, a digital platform to increase infrastructure construction productivity, announced on Wednesday, February 8, that it has received €6M capital loan (with convertible option) from The Finnish Climate Fund, a Finland-based state-owned special-assignment company.
Infrakit says the capital will accelerate the development of sustainability functionalities in its data management service and its software’s international deployment.
“The interest on the Climate Fund’s capital loan is priced at the market rate and the capital loan also includes a conversion right,” reads the press release.
According to Infrakit, the total investments in its growth and development plan in the next few years are estimated at €12.6M.