Finnish Industry Investment et al. back Mekitec

According to FII, the food safety market is growing globally, driven by high-quality food brands, retail chains and consumer demand.

The investment is the first from Inventure's second fund, a €50m venture capital fund that held its first close in January 2014.

Company
Founded in 2006 and based in Oulu, Mekitec aims to improve food safety by providing x-ray equipment for identifying unwanted objects in food packages. Mekitec's x-ray system scans food packages to search for objects such as metal, glass, sand, bone chips or pieces of plastic in order to remove them before they reach customers.

The company delivers food safety equipment in 18 countries across three continents, with its R&D and production operations based in Finland as well as Xi'an, China. Mekitec also has sales offices in Hong Kong, Germany and the US and employs 50 people.

People
Juha Lehtola, investment director at FII, led the deal. Sami Lampinen, managing director at Inventure, worked on the deal. Mikko Nuutinen is the managing director of Mekitec.

 

 

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