Finland-based ColloidTek secures €5M
Summary
Tampere-based ColloidTek (Collo), a Finnish tech company specialising in IoT analysers for optimising industrial liquid processes, has secured €5M in growth funding to support its global expansion. We are very excited to support the team in their next growth phase.” Founded by DR. Matti Järveläinen and Teemu Yli-Hallila, Collo is developed by ColloidTek Ltd and built on novel sensor technology from Tampere University. Research from Collo indicates that a mid-sized dairy plant could lose up to 8 million liters of raw milk each year due to insufficient inline process control. Matti Järveläinen, co-founder and CEO of Collo, says, “The global food and beverage industry is going through a significant transformation driven by climate change, rising demand for sustainable operations, and increasing environmental regulation. Major market leaders have established strategic priorities to cut emissions by half by 2030 and reach net zero by 2050.” “Our solution supports the entire industry in becoming more sustainable and efficient.