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Investments

2

Portfolio Exits

1

About Suffice International

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Latest Suffice International News

Finnish battery start-up raises €500,000

Apr 9, 2018

One year-old lithium-ion diagnostic startup Akkurate of Turku Finland, which specialises in the testing, optimising, and analysing of lithium batteries, has raised €500,000. Investors include Finnish Lifeline Ventures, Suffice International from Hong Kong and the Lappeenranta University of Technology investment company Green Campus Innovations. The start-up was born out of Microsoft’s takeover of Nokia. “The number and size of batteries keep on growing, and there will be even more applications for us in the future. Electric vehicles, mobile devices, the Internet of Things, and energy storage technologies all require reliable, efficient, and safe solutions,” says CEO Mika Kanninen, “twhe megatrend of electrified traffic is not limited to cars, but it includes, to an increasing degree, ships, ferries, trucks, construction sites and mining machinery, which are increasingly becoming powered by electricity instead of diesel fuel – China being the pioneer.” Akkurate has also initiated a research project on battery diagnostics, supported by Business Finland – the innovation funding organisation of the Finnish government – with research expected to be completed by the end of this year. The company is also part of the EU Battery Alliance work group, set up by the European Commission and assigned to ensure the future competitiveness of the European battery industry. Recommended Articles

Suffice International Investments

2 Investments

Suffice International has made 2 investments. Their latest investment was in Akkurate as part of their Seed VC on March 3, 2018.

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Suffice International Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

3/13/2018

Seed VC

Akkurate

$0.62M

Yes

Green Campus Innovations, Lifeline Ventures, and Undisclosed Investors

3

12/19/2016

Unattributed VC - II

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$99M

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10

Date

3/13/2018

12/19/2016

Round

Seed VC

Unattributed VC - II

Company

Akkurate

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Amount

$0.62M

$99M

New?

Yes

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Co-Investors

Green Campus Innovations, Lifeline Ventures, and Undisclosed Investors

Sources

3

10

Suffice International Portfolio Exits

1 Portfolio Exit

Suffice International has 1 portfolio exit. Their latest portfolio exit was Visedo on November 02, 2017.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

11/2/2017

Acq - Fin

1

Date

11/2/2017

Exit

Acq - Fin

Companies

Valuation

Acquirer

Sources

1

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