🇫🇮 SEB co-led a €5m financing round for Finnish tech company Collo through its Greentech Venture Capital unit

Collo has developed a unique analyser that can quickly characterise any type of liquid. It offers food and beverage companies continuous, real-time measurement, enabling them to better control and optimise their production flows, save raw materials and water, and reduce CO2 and waste production.

For example, based on Collo’s market research and estimates, the annual raw milk losses for a typical mid-sized dairy plant can be up to 8 million litres due to the lack of inline process control. With Collo’s analyser, such dairies can significantly reduce these losses while saving up to 11 million kilos of CO2 emissions and 35 million litres of clean water.

“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,” says Matti Järveläinen, co-founder and CEO of Collo.

Järveläinen says Collo’s solution supports the entire industry in becoming more sustainable and efficient. With the new funding, the company is well-prepared to establish a strong presence in global markets.

Collo’s uniqueness lies in its sensor, analytics, and machine-learning capabilities. The sensor is compatible with any liquid in the plant, replacing the need for multiple traditional sensors.

The new funding of 5 million euros enables Collo to expand its unique solution globally. SEB Greentech VC co-led the round with Dutch deep technology investor Forward.one. The existing investor, Danish Scale Capital, also participated.

“It’s 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. Major global industry players already trust Collo’s process optimisation solution. We are very excited to support the team in their next growth phase,” says Mikko Huumo, Investment Manager at SEB Greentech VC.

Originally published on 13 August by Seb Group.

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