FII et al. invest €2m in Multitouch

The company's existing owners, the founders and seed fund Vera, will continue as shareholders in the company. FII was introduced to the company approximately one year ago through a referral and was attracted to the deal because it believes the sector Multitouch has positioned itself in is set to grow. The investor also believes that the company requires additional investment to achieve the next growth phase.

Funding will accelerate the company's growth by strengthening its sales and marketing resources and international operations.

Company
Multitouch Ltd is headquartered in Helsinki and manufactures table- and wall-sized multitouch displays. The company's displays are used in more than 30 countries worldwide in a range of markets such as retail business, advertising, exhibitions, museums, education and design.

The company was founded in 2007 and has additional offices in New York and Santa Clara. In 2010 the company generated a turnover of €2.7m and has a growth rate of approximately 60%.

People
Juha Lehtola and Staffan Sevón worked on the deal for Finnish Industry Investment and Veritas Pension Insurance respectively.

Advisers
Equity – Castrén & Snellman (Legal); PricewatehouseCoopers (Financial due diligence).

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

• Topics
• Nordics
• Expansion
• Technology
• Finnish Industry Investments
• Finland
• PricewaterhouseCoopers