Collo funding news – Finland-based Collo Secures €5Million in Funding

It provides food and beverage businesses with continuous, real-time measurement, allowing them to better optimise and regulate their production flows, save water and raw materials, and lower their output of waste and CO2.

For instance, the absence of inline process management can result in yearly raw milk losses of up to 8 million litres for a typical mid-sized dairy facility, according to Collo's estimates and market research.

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These dairies may save up to 35 million litres of clean water and 11 million kilogrammes of CO2 emissions while drastically reducing these losses with Collo's analyser. Scale Capital, an existing investor, joined the round, which was co-led by Swedish SEB Greentech Venture Capital and FORWARD.one.

The sensor eliminates the need for numerous conventional sensors because it works with any liquid in the plant. Additionally, rather than only providing measurement data, its analytics and machine learning capabilities offer plant managers actionable insights. Operators in the food and beverage sector can now oversee procedures without worrying about maintaining sensors or deciphering raw sensor data.

Matti Järveläinen, co-founder and CEO of Collo: "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.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, shared: "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,”.

About Collo

ColloidTek Oy (Collo) was established following in-depth liquid scientific study conducted by its founders and key people at Tampere University. It helps companies better understand and develop their liquid processes, whether they are advanced process control, enhanced process quality, or optimised process stages. It develops and commercialises the Collo technology for a variety of business sectors.