Jyväskylä-based startup Aisti has efficiently closed a €29 million Collection A funding spherical to speed up the manufacturing of its progressive acoustic tiles, that are made out of renewable wooden fibres.
The funding will primarily assist the development of Aisti’s first industrial manufacturing unit in Kitee, Finland, enabling the corporate to carry 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 function, 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 expertise, we’re lastly introducing a cutting-edge, cost-effective acoustic answer for the development business. Taking part in a pivotal function in fashionable development, our tiles set new requirements for the 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 cut back the development business’s carbon footprint. With its workforce of eight professionals, the corporate seeks to ship cutting-edge merchandise that align with fashionable development calls for and sustainability targets.
Aisti’s acoustic tiles goal to remodel the development business by providing a sustainable, high-performance various to conventional mineral wool-based supplies. The tiles are free from plastic binders and worsening fibres, making them user-friendly, recyclable, and able to delivering excellent technical efficiency at an reasonably priced value. These attributes are complemented by the tiles’ reported potential to reinforce well-being and performance in fashionable areas.
The innovation lies in Aisti’s patented foam-forming expertise, which turns lignocellulosic wooden fibres into extremely porous, light-weight tiles.
Designed to satisfy up to date development calls for, the tiles supply a renewable various to conventional mineral wool-based supplies in suspended ceiling methods and can be tailored to be used in thermal insulation, packaging supplies and composites
The brand new Kitee manufacturing unit will allow Aisti to realize 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 developing the Kitee manufacturing unit, which allows our long-term industrial plans. We goal 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 progress part and produce our product to market.”
The Aisti® Teno tiles are anticipated to hit the market by the second half of 2026, providing a sustainable various 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 progress part but in addition a transformative step for the development business as a complete,” says Pirkka Palomäki, Accomplice, Maki.vc.
