Jyväskylä-based startup Aisti has efficiently closed a €29 million Collection A funding spherical to speed up the manufacturing of its modern acoustic tiles, that are made out of renewable wooden fibres.
The funding will primarily assist the development of Aisti’s first business manufacturing unit in Kitee, Finland, enabling the corporate to deliver its Aisti® Teno acoustic tiles to the development market.
The funding spherical drew a mixture of notable traders, together with Voima Ventures, Maki.vc, Finnvra, and Valve Ventures consortium, alongside contributions from personal traders. Non-equity financing additionally performed a key position, with €5 million in loans from Norion Financial institution, €7 million in grants from the South Savo ELY Centre, and an €8.5 million capital mortgage from the Finnish Local weather Fund.
“With Aisti’s know-how, we’re lastly introducing a cutting-edge, cost-effective acoustic answer for the development trade. Enjoying a pivotal position in trendy development, our tiles set new requirements for a way superior, pure supplies can improve each efficiency and design,” mentioned Mikko Paananen, CEO and Founding father of Aisti.
Based in 2019 by Mikko Paananen, Antti Fredrikson, and Petri Jetsu, Aisti has raised a complete of €32 million to redefine acoustic options and scale back the development trade’s carbon footprint. With its group of eight professionals, the corporate seeks to ship cutting-edge merchandise that align with trendy development calls for and sustainability objectives.
Aisti’s acoustic tiles intention to rework the development trade by providing a sustainable, high-performance different to conventional mineral wool-based supplies. The tiles are free from plastic binders and aggravating fibres, making them user-friendly, recyclable, and able to delivering excellent technical efficiency at an inexpensive worth. These attributes are complemented by the tiles’ reported capability to reinforce well-being and performance in trendy areas.
The innovation lies in Aisti’s patented foam-forming know-how, which turns lignocellulosic wooden fibres into extremely porous, light-weight tiles.
Designed to fulfill modern development calls for, the tiles supply a renewable different to conventional mineral wool-based supplies in suspended ceiling techniques and can be tailored to be used in thermal insulation, packaging supplies and composites
The brand new Kitee manufacturing unit will allow Aisti to attain an annual manufacturing capability of two.5 million sq. metres.
The corporate plans to initially goal the Nordic market, the place demand for sustainable constructing options is rising. The corporate has already signed a number of off-take agreements with a complete annual worth of €6.8 million, representing 3% of the Nordic acoustic tiles market.
Paananen added, “This funding permits us to maneuver ahead with establishing the Kitee manufacturing unit, which permits our long-term business plans. We intention to first serve the Nordic market, assembly the rising demand for extra pure constructing options within the area. We’re thrilled to have robust assist from traders and different companions as we embark on this subsequent development section and convey our product to market.”
The Aisti® Teno tiles are anticipated to hit the market by the second half of 2026, providing a sustainable different that goals to match the efficiency and affordability of conventional choices.
“We’re proud to assist Aisti in its mission to revolutionize acoustic options with sustainable, high-performance supplies. This funding milestone marks not solely the beginning of an thrilling development section but in addition a transformative step for the development trade as an entire,” says Pirkka Palomäki, Accomplice, Maki.vc.