NaturVention in €1.1m funding round
A group of investors including Finlandтs government innovation fund, Sitra and Finnish VC Butterfly Ventures have participated in a тЌ1.1m funding round for NaturVention, a developer of natural air filtering systems.
Investors in the Jyväskylä-based business are Sitra, Butterfly Ventures, Oy Hammaren & Co, Dr Leena Niemistö and lawyer Olof Rehn, as well as partners and employees of NaturVention.
With products currently installed in Finland and Russia, the company will use the fresh capital to accelerate growth, strengthen its product research and development, and prepare for further international expansion. It plans to have its products in every major metropolis by 2020.
Company
Founded in 2011, NaturVention develops and makes natural air filtering systems by using living plants to purify the air.
The company's FreshWall system is a wall of living plants with built-in watering, which uses fans to draw air from the room and filter it through the plants' root network to create a better indoor climate. NaturVention claims its product has the air purification capacity of 6,300 ordinary house plants.
Based in Jyväskylä, in southern Finland, the company currently employs 18 staff and made €500,000 in revenue last year.
People
Sami Tuhkanen is the manager of Sitra, while Niko Järvinen is the CEO of NaturVention. Christian Aspegren is chairman of the board.
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