[Funding alert] Helsinki-based Kvanted Ventures Launches €70M in Funding

Given that Kvanted concentrates on the industrial domain—a field known for its protracted growth cycles—it is going to offer founders with an investment period that is longer than usual.

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As per the statement issued by the business, Kvanted is the pioneer pure-play investor in industrial technology in the Nordic area and seeks to establish itself as a leading catalyst for a novel industrial future.

Kvanted founding partner Maria Wasastjerna shares: “There has been no early-stage investor like Kvanted in the Nordic market and we are responding to this demand with an industrial technology fund. Our goal is to quickly grow into the leading early-stage investor in the Nordics for technology companies that are transforming the industrial value chain.”

From its first fund, the organisation has already invested in two firms: Resoniks, a Dutch-Finnish startup creating acoustic analysis for metal companies, and Fractory, an Estonian company that is streamlining the metalwork manufacturing chain.

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On partnering with Kvanted, Fractory co-founder and CEO Marin Vares commented: "Kvanted understands exactly what we are doing. The team's broad industry experience and unique networks provide us with exceptional access to new growth opportunities.“Kvanted is the best possible strategic partnership for Fractory at this stage. With Kvanted's support, we are excited to continue helping companies in Finland and beyond grow with our solution.”

About Kvanted

Kvanted are especially excited about hardware and software solutions that have the potential to significantly alter the industrial sector and create a more sustainable future. The industrial value chain offers a wide range of opportunities, from utilising new technology to maximising energy use and resource efficiency.

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