New and recent client cases: A look back at 2021 FIN

2021 was a strong year for our clients as industrial investment and sales started picking up again. In 2021 alone we closed investment transaction (debt and equity) to volume of almost 300M€. The IPO and private equity markets saw strong valuations which many companies benefitted from.

Grannenfelt Finance is proud to have supported a number or new energy technology companies and energy projects in this era of green transition. Over a few years, we have raised over 250 M€ of funding to projects in the field (equity, debt and public grant).

Below highlights of some of our recent client projects:

P2X Solutions is producer of green hydrogen and leader in Power-to-X operations.  Grannenfelt Finance helped to secured a 70 M€ funding package (equity, debt and grant funding from private and public investors) for P2X’s first plant for production of emission-free synthetic biofuel. The funding will be used to construct a 20 MW electrolyzer plant which is run with renewable energy, and which integrates power-to-X technology and carbon capture from industry.

 Varjo is a metaverse technology provider with the most advanced virtual and mixed reality software and hardware solutions. Varjo provides the highest-resolution VR/XR in the market and allows for mixing photorealistic virtual content with our physical reality for a true-to-life metaverse. Grannenfelt Financed helped Varjo secure 20 M€ in a quasi-equity loan facility from the European Investment Bank (EIB). The financing will go towards investments in R&D for creating a reality-based metaverse of the future.

Tactotek develops and licenses Injection Molded Structural Electronics (IMSE®) technology, applied in home appliances, IoT and building automation and the automotive sector. TactoTek IMSE technology combines structure, electronic functions, and cosmetics in light, thin, and strong single piece smart surfaces Grannenfelt Finance helped them raise 15 M€ in growth loan from the European Investment Bank (EIB), as part of a 22 M€ funding round (combining multiple public and private funding sources. Tactotek had 2 M€ in revenues in 2020.

Nanten provides sustainable, safe and durable floor coatings for industrial and public indoor spaces. Grannenfelt Finance was the sell-side advisor in the sale of Nanten Group’s domestic and international operations to its new strategic owner Fescon, part of the large construction group, Luja group. Nanten had 7 M€ in revenues in 2020.

Netradar (Celltrum)’s unique hybrid measurement technology provides an end-to-end solution for collecting network performance data directly from mobile handsets – revealing true quality experienced by mobile users. Grannenfelt Finance helped it secure an equity and debt funding package (private sector) to support its international expansion.

Vaadin is a web app development platform for Java. Vaadin had 11 M€ in revenues 2020. Grannenfelt Finance helped Vaadin secure a public quasi-equity growth round for investment in its scale-up and internationalisation.

Dispelix is a high-tech photonics company and the market leader in see-through augmented reality (AR) displays. Grannenfelt Finance raised venture debt for the company, to leverage it’s A and B equity rounds in 2020-21. Dispelix has raised close to 50 M€ from top VCs and strategic industrial investors amongst others.

Our services: How we help you with financing?

Since 2015, Grannenfelt Finance has helped over 120 innovative growth companies and SMEs raise 700 M€ in debt, equity and public funding. We are the only corporate finance advisory that combine public and private funding sources – to de-risk your project, leverage private investment and source funding on competitive terms.

We help you secure the most suitable funding options for the different stages of your growth plan. Our goal is to create financial solutions that serve our clients for their entire life-cycle. Public funding includes EU grants and EIB growth loans or Nordic semi-public funding options.

We additionally help you find equity investors (lead or industrial/strategic investors or complementary equity providers.

Read more about how to access different funding opportunities