Collo, a Finnish startup offering IoT analysers for optimising industrial liquid processes, has just raised €5 million in growth financing. It was co-led by Swedish SEB Greentech Venture Capital and Dutch deep tech investor FORWARD.one (which backed Rocsys and Sensorfact) and joined by an existing investor, Danish deep tech investor Scale Capital.
This investment will allow Collo to expand its solution globally, helping its client to achieve their strategic goals for reducing their emissions and improving their sustainability.
“It is 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 are already trusting Collo’s solution in process optimisation. We are very excited to support the team in their next growth phase,” said Mikko Huumo, Investment Manager at SEB Greentech VC.
“The analyser Collo has developed is truly groundbreaking. We are impressed by Matti and his team and are thrilled to join them in their journey to become a leader in liquid analytics,” says Riemer Smink, Managing Partner at FORWARD.one.
What change does Collo bring?
Currently, there is a growing pressure and demand for sustainable operations and concrete actions. At this point in time, Collo provides an advanced, yet scalable and easy-to-use solution for dairy and beverage plants to meet these demands. Its technology is a combination of new sensor technology, based on electromagnetic sensing technology, and advanced analytics and machine learning. Its unique benefits are that the same sensor can be used everywhere across the plant, regardless of the liquid’s properties.
How does it help users?
Collo’s unique analyser can quickly characterise any type of liquid. It offers real-time liquid measurement, enabling food and beverage companies to optimise production, save raw materials, reduce water usage, and cut CO2 emissions.
As per the company, the annual losses of raw milk for a typical mid-sized dairy plant can be up to 8 million liters 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 liters of clean water.
Its current customers, including Fonterra, Danone, and Valio, have already benefited from significant reductions in product losses and optimised processes.
“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, and continues, “Our solution supports the entire industry in becoming more sustainable and efficient. With the backing of the new funding, we are well-prepared to establish a strong presence in global markets.”
What do we think about Collo?
The startup is revolutionising industrial liquid processes with its advanced IoT analysers, offering real-time liquid measurement and optimisation. By enabling significant reductions in raw material losses, water usage, and CO2 emissions, Collo empowers the food and beverage industry to meet sustainability goals. Its innovative technology is already making a substantial impact, helping major players like Fonterra and Danone enhance efficiency and environmental responsibility.
