VNTM and Finnvera inject €1m into Mobilemarking

The fresh capital will be used for recruitment and to fund Mobilemarking's internationalisation efforts.

VNTM invested from its third vehicle, Power Fund III, which launched in November 2011 and held its final close on €77m in February 2013.

The fund's investors include the European Investment Fund – investing under the Competitiveness and Innovation Framework Programme – Finland's Industry Investment, Growth Companies Fund (Kasvurahastojen Rahasto) and pension insurance company Varma. Power Fund III's portfolio includes stakes in Valopaa and Convion, both acquired in January 2013.

Founded in 2002, VNTM is a venture capital firm specialising in investments in start-ups, early-stage venture, expansion, and growth companies operating within the cleantech technology sector. The firm seeks to invest between €500,000-5m in companies based in northern and central Europe.

Headquartered in Vaasa, Finland, VNTM has additional offices in Oulu, Tampere and Helsinki, as well as one office in Munich. It currently manages close to €120m in funds.

Company
Founded in 2010, Mobilemarking manufactures, sells and offers services for a colour patterning laser technology for branded products, industrial elements, interior decoration items and household appliances. Customers include companies that work with stainless steel products.

People
Jarmo Saaranen is chairman of the board of VNTM, and is now also chairman of the board of Mobilemarking. Niko Karsikas is the founder and CEO of Mobilemarking.

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