Finnish Startup Spindrive Raises €3.8M Series A For Affordable, Energy-Efficient Industrial Bearings
Amount Raised
€3.8 Million
Round Type
Series A
LappeenrantaManufacturingInvestors
Description
This week, SpinDrive, a Finnish company providing affordable active magnetic bearings for original equipment manufacturers (OEMs), has secured a €3.8 million Series A funding round
Quick answer
SpinDrive raised €3.8 Million in a Series A round, dated November 9, 2023. Investors: Born2 Grow , Innovestor and Rhapsody Venture Partners. SpinDrive is based in Lappeenranta, Karelia, Finland.
- How much did SpinDrive raise?
- SpinDrive raised €3.8 Million in a Series A round on November 9, 2023.
- Who invested in SpinDrive?
- Born2 Grow , Innovestor and Rhapsody Venture Partners are named as investors in this round.
- What does SpinDrive do?
- SpinDrive provides design, prototyping and serial production of active magnetic bearings (AMBs) for Original Equipment Manufacturers (OEM).
- Where is SpinDrive based and how big is it?
- SpinDrive is based in Lappeenranta, Karelia, Finland. Fundz records about 26 employees.
- Who are the decision-makers at SpinDrive?
- Fundz holds 1 contact at SpinDrive. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Manufacturing around the same time
Companies in the same sectors as SpinDrive that raised within 45 days of this round, from Fundz verified event records.
- Hadrian raised $86M on December 11, 2023.
- VM Agritech raised $7.6M on December 23, 2023.
- DTE raised $6M on December 22, 2023.
- Niobium raised $4.5M (Seed) on December 22, 2023.
- Subtl Beauty raised an undisclosed amount on December 22, 2023.
- Mile High Labs International raised $26M on December 22, 2023.
Who to call at SpinDrive, and when
A new round usually means SpinDrive is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day SpinDrive raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at SpinDrive, from your own LinkedIn network
Works inside ChatGPT and Claude. Ask who to call at SpinDrive. With Fundz connected, it knows.
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Fundz sees it the moment SpinDrive raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
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Funding Insights
What this usually meansSpinDrive raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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