Haltian, a company specialising in the Internet of Things, has raised ?22 million in a recently closed funding round. The Finnish company will use the capital to help building owners achieve their ESG goals through sustainable technologies and smart building infrastructure.
Haltian receives ?22 million in growth financing led by MAM GE Fund.
Haltian receives fresh capital for accelerated expansion in the US and Europe. The company provides user-friendly IoT software, sensor solutions and services for commercial real estate. With revenues of ~EUR20m last year and annual growth of almost 50% over the last three years, Haltian is on track for success.
Haltian, a leading IoT company from Finland, announced today that it has received ?22 million in new growth funding. The funding round was led by Mandatum Asset Management Growth Equity II Fund (MAM GE) and supported by Varma, Tesi, Ventic and Inventure. Haltian will use these funds to accelerate its expansion in the US and Europe and bring new IoT products to market.
Demand for innovative Internet of Things solutions is driven by key global trends such as improving working conditions and supporting hybrid working models. In addition, the digitalisation of the real estate industry and energy and space efficiency are contributing to demand. According to WorldGBC, buildings are responsible for almost 40% of global energy-related CO2 emissions, with 28% coming from operational emissions.
Haltian’s innovative IoT software and sensor solutions for commercial real estate offer companies a way to optimise their business processes, reduce their operating costs and improve their environmental footprint at the same time. These technologies are an important part of the requirements for modern businesses.
Haltian serves the growing demand for IoT solutions in commercial real estate by developing easy-to-use software and sensor solutions suitable for different requirements.
The innovative sensor solution Empathic Building Digital Twin is an important tool in modern desk-sharing offices. It helps employees to quickly and easily find available spaces and colleagues, book them and receive analytics and reports on workspace usage. Haltian has already won an impressive number of first-class customers and will continue its successful expansion into international markets with the new funding.
Haltian’s CEO and co-founder, Pasi Leipälä, emphasised the importance of his company’s mission to simplify working life for its customers. By using Haltian’s cutting-edge IoT solutions, customers can succeed in the digital age while contributing to a more sustainable future.
Thanks to its industry-leading IoT solutions, Haltian has built a loyal customer base that includes many major international players, from Japan to North America. In 2023, Haltian will deploy its IoT systems in thousands of buildings worldwide, including buildings operated by some of the world’s largest building management and real estate companies such as CBRE and ISS.
Haltian’s growth funding round was led by Mandatum Asset Management Growth Equity Team’s (MAM GE) specialist investor team. With a total of ?40 million in capital raised, the company has confirmed its unique position in the booming IoT market, demonstrating impressive annual growth of over 50% and a tripling of revenue in just three years. For Kitty Laine, Investment Manager, Private Equity at MAM, Haltian represents a suitable investment to implement her growth equity strategy.
Haltian can intensify its global commercialisation efforts and operate as a successful Finnish high-tech company thanks to new financing, Leipälä points out. In particular, the company will expand its presence in Central Europe and North America and drive talent recruitment. To meet growing customer demand, Haltian will continue to launch new, innovative IoT products in 2023.