Ukkoverkot, a Finnish mobile data operator, raised €9.8m in funding.
Backers included Finnvera, Veritas, Ålcom, and the Rising Tide Europe investment fund led by the Swiss Brigitte Bauman.
The company intends to use the funds to accelerate the development of its 4G LTE data networks and to develop its sales and marketing efforts.
Ukkoverkot is a mobile data operator that sells, markets and maintains a Ukko Mobile 4G LTE mobile data network that covers all of Finland. The company focuses on the production of wireless telecommunication services, especially for demanding customers such as companies, authorities, rural areas and industrial Internet connections. Its networks are not used for any traditional circuit-switched voice or SMS traffic.
Customers include State Security Networks Group, VR Group, The Finnish Defence Forces and YLE, and companies offering electronic payment terminals, logistics services and the electricity, water and forestry industries.