Variantum raises EUR 1 million financing
Oehlandt & Co acted as the financial advisor to software company Variantum in a financing round of EUR 1 million.
Variantum, a company that provides Product Development Management (PDM) and configuration software for industrial mass customisation, raised EUR 1 million from investors, and the company’s ownership base was renewed. In addition to the investors, Oehlandt & Co advised the company in compiling a new board of directors. Juha Putkiranta, who was in charge of operations and mass customization at Nokia, was elected chairman of the board. At the same time, the search for a new CEO was initialised, resulting in Pekka Blomberg starting as the new CEO of Variantum.
In connection with the investment round and the formation of the new board, the ownership strategy of Variantum was aligned and the clear aim of the company is now international growth. Variantum’s release can be found here.