Collo, a Tampere-based innovator specializing in IoT analyzers for industrial liquid processes, has successfully raised €5 million in growth funding. This investment round was co-led by SEB Greentech Venture Capital of Sweden and Dutch deep tech investor FORWARD.one, with participation from existing investor Scale Capital.
Collo’s cutting-edge analyzer offers a transformative approach to managing liquid processes, providing food and beverage companies with continuous, real-time measurements. This technology is designed to optimize production flows, conserve raw materials and water, and reduce both CO2 emissions and waste. For instance, the analyzer can help dairy plants cut raw milk losses by up to 8 million liters annually and save approximately 11 million kilos of CO2 emissions and 35 million liters of water.
Matti Järveläinen, Collo’s co-founder and CEO, commented, “The global food and beverage sector is undergoing a major transformation in response to climate change and rising sustainability demands. Our solution is designed to support this shift, helping industry leaders meet their emission reduction targets. With the new funding, we are poised to expand our impact globally.”
Collo’s technology stands out due to its versatile sensor, which can characterize any type of liquid, eliminating the need for multiple traditional sensors. Coupled with its advanced analytics and machine learning capabilities, Collo provides actionable insights for plant management, thereby enhancing process efficiency without the need for extensive new infrastructure.
Mikko Huumo, Investment Manager at SEB Greentech VC, praised Collo’s technology, stating, “In a time when process plants must rapidly cut emissions and conserve resources, Collo’s solution offers precision and cost-effectiveness. The widespread adoption of their technology among major global players is a testament to its efficacy.”
Riemer Smink, Managing Partner at FORWARD.one, added, “Collo’s analyzer is a groundbreaking advancement in liquid analytics. We are thrilled to support Matti and his team as they lead the way in this innovative field.”
Editorial Opinion
Collo’s latest funding achievement underscores its pivotal role in the future of sustainable industrial processes. By integrating advanced IoT technology into the food and beverage sector, Collo is not just optimizing liquid processes but is also driving significant environmental benefits. The company’s solution represents a crucial step towards reducing waste and emissions in an industry grappling with both climate challenges and the need for operational efficiency.
As global regulations tighten and the push for sustainability intensifies, Collo’s innovative approach positions it at the forefront of industry transformation. The ability to deliver laboratory-level precision in a cost-effective manner will likely make Collo an essential tool for companies aiming to enhance their sustainability practices and operational efficiency.
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