ColloidTek (Collo), a technology firm based in Tampere, Finland, has garnered €5 million in funding to facilitate its global growth. Specializing in IoT analyzers aimed at optimizing industrial liquid processes, Collo has developed sophisticated sensor technology to enhance production efficiency and sustainability in various industries. This funding round, co-led by SEB Greentech Venture Capital from Sweden and FORWARD.one from the Netherlands, also saw participation from existing investor Scale Capital from Denmark.
In previous reports, Collo has continually focused on revolutionizing the food and beverage industry with its high-precision analyzers. The consistent emphasis on sustainability and process optimization has been a hallmark of its strategy. The company’s analyzers are noted for their ability to provide real-time, continuous measurements, which significantly reduce raw material and water usage while lowering CO2 emissions. These attributes have made Collo’s technology indispensable for major global industrial players.
Enhancing Industrial Liquid Process Optimization
Founded by Dr. Matti Järveläinen and Teemu Yli-Hallila, Collo emerged from Tampere University’s innovative sensor technology. The company’s primary product offers rapid and continuous liquid characterization, allowing industries to optimize production flow and save on resources. Research indicates that a mid-sized dairy plant could save millions of liters of raw milk annually by using Collo’s analyzer, consequently reducing CO2 emissions and water waste substantially.
“It is more critical than ever for process plants to invest in technologies that help cut emissions and conserve water fast. Collo offers laboratory-level technology and precision in a cost-effective format, enabling any processing industry plant to achieve this.” — Mikko Huumo, SEB Greentech VC
Collo’s impact on the food and beverage industry is profound, facilitating substantial savings and sustainability through its advanced analyzers. These devices are designed to replace multiple traditional sensors, providing actionable insights through integrated analytics and machine learning. This technology is already in use by leading companies like Fonterra, Danone, and Procter & Gamble, proving its effectiveness and reliability.
Brief about the Investors
SEB Greentech Venture Capital focuses on green technology investments aimed at reducing greenhouse gas emissions and environmental impacts. Its interests span renewable energy, energy storage, water and agricultural technology, and circular business models. FORWARD.one specializes in deep tech hardware startups, particularly those aligned with climate tech, semiconductors, and Industry 4.0 technologies, supporting companies to achieve their business ambitions.
“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. Our solution supports the entire industry in becoming more sustainable and efficient.” — Matti Järveläinen, CEO of Collo
Collo’s technology aids in minimizing product losses and optimizing various processes like Clean-in-Place (CIP) and fermentation, which are crucial for many modern “Food 2.0” products. The company’s innovative approach not only promises significant resource savings but also aligns with the strategic goals of major market leaders aiming to cut emissions and achieve net-zero targets.
The recent funding will enable Collo to further establish its presence in international markets, supporting its mission to make industrial processes more sustainable and efficient. With its advanced sensor technology and strong backing from prominent investors, Collo is well-positioned to lead the industry towards a more sustainable future.
