Enhancell announced raising funding from Nordic Option

Enhancell, an Oulu, Finland-based software company, announced that it entered into an investment agreement for raising the capital in the firm.

The deal was made with the local private equity company from Finland Nordic Option, which will become a minority shareholder in Enhancell.

The money will be used for business expansion.

Enhancell, founded in 2014 and led by CEO Pasi Niemi, develops software solutions for wireless network testing needs. The company works with telecom providers as it provides indoor cellular testing and network identification tools. Enhancell employs 10 people, has a subsidiary and office in addition to Oulu in Boston, USA and brough a turnover in 2019 of approximately EUR 2.9 million.