Sino-Finnish venture capital group Inventure has invested €1m in surfing tool Web of Trust (WOT), alongside private investor Risto Siilasmaa and the Finnish Industry Investment.
The funding will be used for product development in order to keep pace with the company's global growth.
WOT is a community-powered browser add-on that helps web users find reliable websites. It uses a traffic-light rating system to help web users stay safe online.
Website ratings are crowd-sourced from a worldwide community of WOT users. Community ratings are augmented with information from selected technical data services.
Timo Tirkkonen is a partner at Inventure. Sami Tolvanen and Timo Ala-Kleemola are co-founders of WOT, and Markus Suomi is CEO of the company.
Asset is reportedly due to come to market in 2021, with the sale process most likely starting in H1
Redalpine has led a series-A funding round for Germany-headquartered pet healthcare startup Felmo.
GP intends to boost the company's growth and consolidate its market position in the Benelux and DACH regions
GP is deploying equity via WMS III and is investing with future managing director Holger Schmitz