04.04.2019

Bosch cooperation boosts Plantui turnover – advisory group to reinforce strategic competence

Plantui media release

The cooperation with Bosch announced last August provided a strong boost to Plantui turnover. Expanding in the global indoor garden markets is accelerated by a six-person advisory group, in addition to the Plantui team and board of directors.

 

In 2018 Plantui’s turnover grew by 26% to €706,000. In 2019 Plantui aims to triple its turnover to €2.4 million. Plantui’s cumulative turnover is €2.1 million, and it has sold a total of 25,000 smart gardens and 250,000 plant capsules.

“The growth of Plantui’s turnover is the result of the work of many years. We have acquired strategic competence and succeeded in creating profitable partnerships,” says CEO René Österman.

The urbanization megatrend and growth of the foodtech category have also put wind in Plantui’s sails. Hydroponic gardening is a market worth billions globally, and Plantui wants to tap into a significant portion of this with its premium service concept for Smart Indoor Gardening.

 

From product manufacturing to licensing

In the near future, Plantui is going to invest even more in product development. Plantui’s specialty and success factor is its patented growing method and the indoor garden’s unique light spectrums which can be used to adjust the taste and texture of the plants.

The features of Plantui products have also convinced home appliance manufacturers. Last August Plantui launched OEM product manufacturing with electronics company Bosch Siemens Hausgeräte GmbH (BSH). The partners will continue product development and aim to launch new products in the autumn of this year.

“Our success is based on patented technology and our unique growing method, which are packaged in a high-quality design product. Our technology makes us a pioneer in an extremely competitive market,” says Plantui CTO Kari Vuorinen.

Plantui continues to grow with the help of new partnerships. Negotiations about possible cooperation have been begun with a Canadian company. Other new developments are also in the offing.

 

Top team to support Plantui growth

Plantui’s expanding operations and team will in future be supported by a six-person advisory group, in addition to the board. The group has foodtech and management competence which is particularly important to Plantui.

The members of the advisory group are corporate law specialist Harri Lukander, metal industry professional and Leino Group CEO Liisa Leino, HKScan strategic director Heli Arantola, Asian markets and community specialist Myron Tay and Aventum partner Kari Heinistö. The group will also include a specialist in technology licensing. All advisors are also shareholders in Plantui Oy.

“Plantui’s innovation manages to simultaneously satisfy several different consumer needs, and I am extremely excited to get to help the company grow,” says Heli Arantola.

Timo Ketonen will continue as chair of the board, with Riia Sandström and Ville Hurnonen as members. New members of the board are Bonalive Biomaterials founder and CEO, Dr Fredrik Ollila, Phd (Biochemistry), and former Oral CEO and experienced board professional Martin Forss.

 

For further information, please contact:

Timo Ketonen, Chairman of the Board, Plantui Oy

Tel. +358 400 831 205, timo.ketonen@plantui.com

 

Plantui is a Finnish Design & FoodTech company specializing in the development and manufacturing of smart hydroponic indoor gardens. Plantui products make it easy for everyone to grow fresh, delicious, clean and healthy salads and herbs anywhere, anytime – green thumb or not. All Plantui products are designed and partly manufactured in Finland. www.plantui.com

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27.03.2019

A record-breaking number of investments – 479M€ into Finnish Startups

 

Amazing statistics of startup investments in Finland! It shows we’re a real power nation in startups. Thank you for sharing the news to Finnish Business Angels Network (FiBAN) and FVCA – Pääomasijoittajat.

Aboa Advest contributed with investments in CosmEthics, Entis, Plantui, theotherdanishguy and Sharetribe. In 2018 we also committed to invest in Saari Partners – starting a Venture Capital fund focusing on growth companies in Finland.  Thank you to all the co-investors and founders who have participated with us in the funding rounds over the years.

Please refer to the press release by FiBAN and FVCA.

 

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26.03.2019

OneMind Dogs announces crowdfunding round with Invesdor

We are happy to announce we’re in this round as an investor and new OneMind Dogs owners.

 

Exciting news – the OneMind Dogs page on Invesdor went live today and the company is officially kicking off their funding round.

Ever since OneMind Dogs started it’s company in 2012, their mission has been to give a better life for dogs by helping people understand the dog’s point of view. This spring, they are bringing the unique OneMind Dogs training method to even more dogs around the world by introducing a new, online puppy training program available on all major smart devices.

OneMind Dogs wants to expand its ownership base with new experts, community members and, most of all, people who believe in the OneMind Dogs mission of better life for dogs.

This investment round will help them bring the product to the market quicker and make high-quality puppy training available for all new puppy owners.

The market momentum for a high-quality online dog training service is now. The total number of dogs continues to grow, and so does the overall spending on dogs. More and more people are treating their dogs like children, fur babies. At the same time, dog-related behavioral problems, like dog attacks, are widely acknowledged. All this creates a huge demand for easy, accessible, fun and effective online dog training.

OneMind Dogs’ solution is meeting this demand. OneMind Dogs has the right experience, tools, network, and platform to take ownership of this category and offer high-quality puppy training to the wide mainstream consumer audience.

We have already made an investment in OneMind Dogs and I would love it if you decided to join us on this journey. I invite you to take a look at their pitch on Invesdor and join their Facebook group for potential investors.

For more information please contact:
Noora Keskievari
Co-Founder & CEO, OneMind Dogs
www.oneminddogs.com // Phone: +358 40 5116 555 (FIN)
 
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