Evondos gets Verdane Capital as investors in the company.

Evondos, a Salo, Finland-based provider of automated medicine dispensing services for elderly home care clients, announced getting into an investment agreement with Norwegian investment company Verdane Capital.

FInancial details of the transaction remained undisclosed. The investment was made by Verdane’s Edda fund. The proceeds will be used to expand internationally into Northern Europe.

Evondos, founded in 2007 and led by CEO Eetu Koski, built a robot that provides automated medicine dispensing solutions and services. The company has offices spread across Finland, Norway, Sweden and Denmark supporting over 200 municipal clients, distributing over 4 million doses to date.

Evondos' shareholders include Serendipity Partners, which invested $24 million for controlling a 35% stake in 2017.