9Solutions raised 1.7 million euros from existing investors

9Solutions, an Oulu, FInland-based provider of safety and communications systems, announced that it completed a fresh capital investment round totalling EUR 1.7M ($1.9M).

The money was provided by existing investors Oulun Osuuspankki (OP, “cooperative bank”) and Nordic Option, and will be used to accelerate the sales outside FInland.

9Solutions, led by CEO Sami Herrala, is a provider of locating safety and communications systems and smart care solutions. The company works with over 1100 health care organisations in hospitals, care homes and home care, employs 50 people and its system is used in eight countries.

In 2018, 9Solutions founded a subsidiary in Sweden and estimates 8.5 million euro turnover in 2019.