ColloidTek (Collo), a Finnish Tech startup specializing in Industrial IoT analyzers for liquid process optimization, has raised €5 million in growth capital for its international expansion.
Along with previous investor Scale Capital from Denmark, moreover, Dutch DeepTech investment FORWARD.one and Swedish SEB Greentech VC co-led the round.
Matti Järveläinen, co-founder and CEO of Collo, stated:
“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. To achieve net zero emissions by 2050 and a 50% reduction in emissions by 2030, major market players have set strategic targets. Our solution helps the industry as a whole become more efficient and sustainable. With the support of this additional finance, we are ready to make a significant impact in international markets.”
Enhancing industrial liquid process optimization:
Collo, a product of ColloidTek Ltd. is based on innovative sensor technology from Tampere University. It provides a sophisticated analyzer made specifically for the food and beverage sector.
With its ability to quickly characterize any liquid, this analyzer offers continuous, real-time data that improve production flow optimization and control. As a result, businesses save a lot of money on water and raw materials and cut down on waste and CO2 emissions.
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A mid-sized dairy facility may waste up to 8 million liters of raw milk annually as a result of inadequate inline process management, according to research from Collo. Dairies can reduce these losses and save up to 11 million kilograms of CO2 emissions and 35 million liters of clean water by employing Collo’s analyzer.
Collo’s sensor eliminates the need for many conventional sensors and works with any liquid. Operators may more easily manage operations without having to worry about extensive sensor maintenance or data interpretation because Collo integrated this sensor with analytics and machine learning.
Major industrial giants like Fonterra, Danone, E&J Gallo, Fazer, Valio, Ecolab, ABB, Siemens, and Procter & Gamble already employ Collo’s technology.
Järveläinen, added:
“All savings occur through process optimization using existing infrastructure. Moreover, without making significant expenditures in brand-new production lines, any processing company can use Collo analyzers to modernize their plants for the Internet of Things and make their processes more sustainable.”
Mikko Huumo, Investment Manager at SEB Greentech VC, said:
“It is more important than ever for process plants to invest in technologies that help cut emissions and conserve water quickly. Moreover, Collo provides precision and laboratory-level technology in an affordable format, making this achievable for every processing industry unit. Significant international industrial players already trust Collo’s process optimization solution. We can’t wait to help the team through its next stage of expansion.”
The analyzer works well to reduce product losses, but it also helps to optimize other processes, such as fermentation and Clean-in-Place (CIP), which are important components of many “Food 2.0” products.
