Startup Lions Oy invested in Delva Oy (formerly Novela 3D Oy), a startup specialising in 3D metal printing, in 2018. Markku Lindqvist, a graduate of the University of Lappeenranta, had just started the business with a very modest consulting business, but he intended to expand into in-house printing. Through our community and expertise, Delvalle raised funding and hired CEO Jarmo Kastell. He has played a key role in getting the business off the ground.
Startup Lions’ determined work on the company’s growth strategy is now complete and we are ready to hand over a well-established company to the next phase. Our ownership has been sold to a private investor and the purchase price will not be disclosed. The investment has been excellent and will significantly strengthen Startup Lions’ coffers.
Startup Lions has helped Delva with, among other things, building the concept and raising additional funding for equipment investments. The arrangements have been made in close cooperation with the company’s management and other shareholders. The result of this work is a high technology company with strong growth and profitable business operations, whose customer base includes Finland’s most important engineering companies.
“Startup Lions has been a long-term supporter of the company’s growth by helping with financing and bringing its expertise to the company’s board. This gives us a good basis for building continued growth,” says Timo Kronqvist, Delva’s long-time Chairman of the Board.
“This deal is an excellent example of how Startup Lions works and how our approach benefits business development and investors,” adds Johan Backas, CEO of Startup Lions.
Delva’s future looks very bright, with a growing customer base and a company that is investing in the investments needed to grow and continuously develop its skills. We wish Delva every success!
You can follow Delva’s story at https://delva.fi/fi/