Wirepas Oy’s EUR 14.9 million equity financing round
Applex Attorneys assisted Wirepas Oy in its EUR 14.9 million equity financing round, in which Inventure Investment Fund and Tesi from Finland, ETF Partners from the UK, KPN Ventures form the Netherlands, Vito Ventures from Germany and Karma Ventures from Estonia invested in Wirepas. This was the third financing round of Wirepas and the company is well under way in commercialization of its technology.
Wirepas Oy is a software company developing and licensing wireless Mesh connectivity technology. The company develops wireless connectivity platform solutions, for example, for IoT sensors (Internet of Things) and licenses its connectivity technology to component manufacturers. During its latest financial year, Wirepas’ revenue was approximately EUR 2.3 million and it employs 50 people in 9 countries.