Finnvera and Vendep raise €1.3m for Vividworks

Other smaller investors also participated in the funding round.

Finnvera and other investors are believed to have provided at least €800,000 for the round, as Vendep's maximum single investment size is set at €500,000.

Vividworks will use the fresh capital to grow its market position in international markets, particularly in the US.

Owned by the state of Finland, Finnvera provides Finnish start-ups with venture capital, in addition to providing companies with loans and guarantees. It also acts as the country's official export credit agency.

Company
Based in Oulu just outside Helsinki, Vividworks offers software that provides retailers withg a 3D-modelled environment for customers to see how their products, such as furniture, will fit and look in rooms before buying.

Founded in 2006, the company's product provides an online-based design-to-purchase platform.

With offices in Denmark, Finland, Japan, the US and Singapore, Vividworks services customers in nothern and eastern Europe, the Baltic countries and Italy.

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