Transaction boutique TRUST advised Geyser Batteries in its over 1M€ bridge financing round
TRUST advised Geyser Batteries Oy, a Finnish cleantech company, in its bridge financing round of 1,1 M€ with pro-rata participation by all the existing investors and joined by Tesi (Finnish Industry Investment Ltd.). The round was led by so far the largest existing institutional investor in the company: Butterfly Venture Fund III Ky.
The funding will be used mainly to strengthen the company’s product development and manufacturing capabilities and will contribute towards the establishment of the recently announced pilot production and R&D facilities in Mikkeli, Finland.