Maki backs Altum in series-A funding round

Lifeline Ventures, having previously invested in a seed funding round for Altum in 2016, also participated in the series-A round.

With the funding, Altum intends to expand into the US with the aim to help US companies remove industrial fouling and solve water management issues by working in collaboration with WaterStart in Las Vegas.

Launched in Helsinki in March earlier this year, Maki.vc in targeting a fund size of €70m and will invest in Nordic startups. The fund was founded by former Inventure partner Ilkka Kivimäki, and Pirkka Palomäki, a former executive at Finnish cybersecurity and privacy company F-Secure.

Company
Founded in 2016 in Helsinki, Finland, Altum provides ultrasound that permeates industrial equipment walls to remove accumulated dirt inside industrial equipment. The system uses no chemicals and causes no production stoppages as no disassembly of equipment is required.

People
Altum Technologies – Matias Tainela (CEO).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Early-stage
• Nordics
• Industrials
• Finland
• Venture