October 12, 2015 – Conexbird Oy, a Finland-based technology provider for the maritime industry, has secured more than 650,000 Euros in funding from both existing and new investors. The additional funding will provide Conexbird with resources for commercialization of their container data analytics technology to be deployed in ports and terminals worldwide. Existing investors, including Butterfly Ventures and Conexbird management, participated in the financing, as well as new investors, the Finnish Funding Agency for Innovation (TEKES) and Charleston-based Capital A Partners. Capital A Partners “CAP A”, based between Sweden and the United States, participated in the financing to help Conexbird access global markets, particularly throughout Europe and North America.
“We are thrilled that our current investor group continues to support the company, and we welcome CAP A to the family,” stated Conexbird’s Director of Business Development, Kimmo Laakkonen. “Establishing a relationship with CAP A will help us establish a broader understanding of the European and U.S. market as well as expand our global customer base,” added Laakkonen. CAP A’s involvement in Conexbird is the first step in an ongoing co-investor relationship with Butterfly Ventures, a leading early stage venture capital firm based in Finland.
“CAP A identifies technology companies that have a global opportunity, and Conexbird exemplifies the kind of investments we target,” added Tanya Marvin-Horowitz, Managing Partner at Capital A Partners in Sweden. “Leveraging our network and access to potential customers and channel partners, and human and growth capital, CAP A intends on accelerating Conexbird’s global business by bringing the technology to the maritime sector,” concluded Marvin-Horowitz.
-About Conexbird -
Conexbird, based in Jyväskylä and Oulu, Finland, utilizes its patented vibration measurement technology to collect data on containers and its contents real-time for optimization of container flow and to prevent and identify damages. For more information, go to: http://www.conexbird.com.
Contact for Conexbird: Kimmo Laakkonen, firstname.lastname@example.org.
-About CAP A -
Formed in 2013, CAP A comprises of venture capital (Capital A Partners) and advisory (Capital A Advisors). CAP A invests in and advises early stage ventures in the Eastern U.S. and the Nordic region of Europe. For more information, go to www.capitalapartners.com.