Rollock Oy has raised 4 million euros to fund growth. The funding was gained from domestic investors and the OP Financial Group.
Lehto Invest Oy will be acting as the anchor investor. “I was especially interested in Rollock’s digital locking solution, which enables introducing new smart services in buildings. Additional interest was also sparked by the completely new manufacturing process of pre-installing locks into the doors at the door factory, which enhances building processes.” Hannu Lehto says.
In addition to the funding gained from investor-dependant funds, OP Financial Group offered Rollock a package which combines bank funding and junior debt. The bank funding utilized EFSI-funding brokered by OP.
“OP wants to be involved in supporting digitalization advancement of building and living technologies, and Rollock acts as a forerunner in the field. The EFSI-funding, executed together with the European Investment Bank, is excellent for innovative startup companies”, Päivi Jääskeläinen, manager in charge of company funding at OP says.
Read the press release here.