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Corporate Venture
kiiltoventures.fi

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Investments

1

About Kiilto Ventures

Kiilto Ventures is part of Kiilto, a 100-year-old, family-owned business from Finland. The firm invests strongly in growth and renewal, determined to keep on reinventing and challenging ourselves beyond our present core business.

Kiilto Ventures Headquarter Location

Helsinki,

Finland

+358 50 329 5211

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Latest Kiilto Ventures News

Origin by Ocean announced securing €2 million from Finnish investors including Kiilto Ventures, Moomin Characters Oy and KPMG Oy

Jun 1, 2020

Investments 20 May 2020 Origin by Ocean , an Ekenäs, Finland-based clean manufacturer of algae refined into bio-based raw material for hygiene and cleaning products, announced the completion of a seed investment round of €2 million ($2.2M). The funding was provided by a range of investors from Finland, including the founders Mari Granström and Mikael Westerlund as well as Riitta Ekengren , Kiilto Ventures , Moomin Characters , along with all company’s senior advisors. KPMG , who has actively been involved in the project since the startas a financial adviser has also become a shareholder of the company The money will be used to develop the biorefinery process of blue green algae and bladderwrack. Origin by Ocean, founded in 2019 and led by CEO Mikael Westerlund, is working for the development of a biorefinery process that will be used to tackle the eutrophication problem of our oceans, starting from the Baltic Sea. The company, which is still in the product development phase, uses harvested harmful blue-green algae and farmed bladderwrack as feedstock. Origin byOcean extracts valuable bio-based molecules from this feedstock for the use within food & beverage, cosmetics, hygiene, and pharmaceutical industries, at the same time significant amounts of eutrophicationcausing nutrients are removed. The algae based biomolecules that Origin by Ocean provides allows industry to improve the performance of numerous consumer products. Nordic 9

Kiilto Ventures Investments

1 Investments

Kiilto Ventures has made 1 investments. Their latest investment was in Origin by Ocean as part of their Seed VC on May 5, 2020.

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Kiilto Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/20/2020

Seed VC

Origin by Ocean

$2.2M

Yes

1

Date

5/20/2020

Round

Seed VC

Company

Origin by Ocean

Amount

$2.2M

New?

Yes

Co-Investors

Sources

1

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