Startup Lions Oy invested in Delva Oy (formerly Novela 3D Oy), a startup company specializing in metal 3D printing, in 2018. Markku Lindqvist, who graduated from Lappeenranta University, had just started the business very modestly with consulting activities, but the intention was to expand to own printing as well. Through our community and expertise, funding was obtained for Delva and CEO Jarmo Kastell was hired. He has played a key role when the actual business was started. Startup Lions' determined work on the company's growth strategy has now been completed and we are ready to hand over the company in good shape to the next phase. Our ownership has been sold to a private investor and the purchase price will not be published. The investment has been very profitable and with it Startup Lions' cash position will strengthen significantly.

Startup Lions has helped Delva, among other things, in building the concept and acquiring the additional funding needed for equipment investments. The arrangements have been made closely with the company's management and other shareholders. The result of this work is a high-tech company with strong growth and profitable business, whose customer base includes Finland's most significant engineering and technology companies.

"Startup Lions has long-term supported the company's growth by helping with financing and brought its know-how to the company's board work. With this, Delva is in good condition for building continuous growth," says Timo Kronqvist, Delva's long-standing chairman of the board.

"This deal is an excellent example of how Startup Lions works and how our operating model benefits the company's development and investors," adds Johan Backas, CEO of Startup Lions.

Delva's future looks very bright, the customer base is growing and the company is investing in the investments required for growth and the continuous development of expertise. We wish success to Delva!

In the future, you can follow Delva's story at https://delva.fi/fi/