NewIcon Raises €2.3M in Funding

NewIcon Oy, a Kuopio, Finland-based provider of medical automation solutions, raised €2.3m in funding.

Backers included Finnish Industry Investment and Etera Mutual Pension Insurance Company.

The company intends to use the funds to further develop its products and to build an international sales network for them.

Founded in 2007 and led by CEO Ossi Parviainen, NewIcon provides automation and robotics products for handling medicines and laboratory equipment. Solutions include automated storage systems for medicines and reagents, smart storage cabinets for pharmaceuticals and controlled substances, robots for intravenous antibiotic compounding, sorting robots for sample tubes, and the software for these applications.

The company now employs 31 people and generated net sales of some €3m in 2013.



Join the discussion