FocalSpec Raises €3.5M in Funding

focalspecFocalSpec Oy, an Oulu, Finland-based company which specializes in roughness measurement, raised €3.5m in funding.

Backers included VTT Ventures, Nordic Option, Veritas Pension Insurance, and a group of private investors from Finland and China.

The company intends to use the funds to scale up its operations from the present level of €1m to dozens of millions.

Established in 2009 and led by Sauli Törmälä, President, FocalSpec is a high tech company offering laboratory level measurement precision for online quality control and manufacturing line process optimization. Its product range consists of sensors, 2D profilers and 3D at-line scanners for metal, electronics, plastics and medical industries as well as for systems integrators.
Current customers include global corporations in consumer and mobile electronics, as well as the plastic and pharmaceutical industries.

The company has business operations in Europe, Asia and the United States.



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