Hambro Perks today announced the completion of its investment in Finnish industrial technology business Altum Technologies. Headquartered in Helsinki and founded in 2016, Altum has developed market-leading power ultrasound technology to clean fouling from industrial equipment without stopping production. Altum’s patented ZPD technology also minimizes maintenance time, energy consumption and use of hazardous chemicals in these cleaning processes.
Altum is the latest investment from Access Fund II, the second fund in Hambro Perks’ venture secondaries franchise. The Access Fund purchases minority stakes in UK and European private technology companies, providing liquidity to early shareholders, whether they be founder, former or current management, angels, institutions or employees. By working with sellers in private companies, often between primary funding rounds, the Access Fund offers LPs unprecedented access to some of the region’s most promising later-stage venture businesses. Access Fund II was launched in 2021 following the success of the debut fund, and has received investment from several notable private and institutional investors.
Altum CEO, Matias Tainela, commented: “We are extremely happy that Hambro Perks has invested in us and that we are being backed by their strong team in supporting our international expansion. They have a strong track record of developing growth companies and access to a network of experts that will be of great value when expanding on the global markets”.
“We have a strong growth momentum supported by our disruptive technology that enables our customers to increase efficiency, reduce cost, extend asset life-time and reduce their environmental footprint. The investment of Hambro Perks is part of our growth and financing strategy where we in December received investments from LocalTapiola insurance companies, Tesi (Finnish Industry Investment Ltd) and Maki.vc.”
Jemma Bruton and Richard Tufft, co-Heads of the Hambro Perks Access Fund, said: “We are delighted to have invested in Altum having closely followed the company’s revenue growth and global commercial traction over the past few years, enabling the energy and bioproduct industries to enhance productivity with significant environmental benefits. Altum are truly a market leader in the fouling space and we are confident that Matias and Bo can continue to execute on their ambitious business strategy, which is built on first-class patented technology focused on delivering environmentally-friendly solutions”.
About Hambro Perks
Hambro Perks is a London-headquartered international investment firm focussed on technology investing. We partner with founders and entrepreneurs to support growth businesses at all stages of the investment cycle.
Hambro Perks has specialised and dedicated investment teams, working across a number of funds. In addition to their flagship Venture, EIS and co-investment funds, Hambro Perks offers a number of specialist differentiated investment strategies, including Hambro Perks Environmental Technology, Special Situations, and Access, which invests in venture secondaries.
About Altum Technologies
Altum, HQ in Helsinki, Finland and founded in 2016, is the first company in the world that can completely control power ultrasound to clean fouling from different type of equipment without stopping production. Our disruptive ZPD technology also minimizes maintenance time, energy consumption and use of hazardous chemicals in these cleaning processes.
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