Endev announced raising EUR 4.3 million from Finnish investors.

Finland Investments 28 November 2019
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Endev, a Helsinki, Finland-based company extracting energy and nutrients from wastewater sludge, announced the completion of a EUR 4.3M ($4.7M) capital investment round.

The funding was provided by a range of professional investors from Finland, including state-owned Tesi, Sinituote Ltd, Tejusa Ltd, Loipposet Ltd, Henri Juva, Aivi Invest Ltd.

Endev, founded in 2011, offers solutions for the thermal treatment of sludge produced by wastewater and industrial processes. Endev’s solutions are based on a circulating mass dryer and reactor combination patented in 19 countries. Energy is produced from the incineration of wastewater treatment sludge while harmful components are removed from circulation. After many years of successful testing in test plants, the company’s technology is currently undergoing joint trials with Napapiiri Energy and Water Ltd (Neve) in an industrial-scale plant in Rovaniemi, in Finnish Lapland.