Krogerus advises Quuppa on its EUR 20 million financing round

Krogerus advised Quuppa, a Finland-based global provider of Real-Time Locating Systems (RTLS), on its first ever funding round, worth EUR 20 million.

Founded in 2012, Quuppa has a revenue of EUR 10m. Quuppa has already deployed more than 2 000 location-based service solutions and has over 170 partners worldwide. In addition to Finland, Quuppa has offices in the United States, China, Australia and the United Arab Emirates. The proceeds from the investment by Finland-based private equity fund Bocap and investment company Tech Consulting Group TCG will be used to scale up services, expand footprint and accelerate growth.

The Krogerus team was led by Partner Jan Johanson and he was mainly assisted by Associate Hanna Tolonen.