Naava raises over EUR 3 million, opens US factory

Naava raises over EUR 3 million, opens US factory

News

Finnish healthtech company Naava will open its first international production facility in New Jersey this spring, from where it will serve especially the New York metropolitan area.

In the new facility, the Finnish healthtech company will be producing Naava smart active green walls for the US market. To help facilitate this market entry, Naava announced it had closed a funding round during which it raised 3.2 million euros.

Main investors in the latest round are the US wellness real estate and technology firm Delos and Finnish indoor environment solution company Halton. Previous investors also participated.

In total, Naava has raised nearly six million euros in equity funding. On top of this, the company is currently raising an additional 2.2 million euros through crowdfunding with the help of Swedish Pepins. Naava is expecting to close the round in February.

The company has also received over one million euros in non-equity research and design funding from Finnish innovation funding agencies and the European Union.

Read the entire article here (goodnewsfromfinland.fi)


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