Finland's MultiTaction raises €7M in funding to fuel further growth and innovation.

MultiTaction, the Helsinki-based leading provider of advanced visualisation solutions, announced that it has secured an additional round of growth capital funding of €7million from Harbert European Growth Capital Fund (HEGCF).

MultiTaction provides interactive display systems, with an unlimited number of touch points and users, that can read not only fingers, but also hands, 2D markers, infrared pens and other real-life objects. The company was founded  in 2007  by  a group  of research  scientists  that  were  studying  advanced  user interfaces  at the  Helsinki  Institute  of Information  Technology.

“We are impressed by the unique proposition that MultiTaction represents for its customers. The company has primarily driven growth through clients adopting the solution on a global basis.  We are excited to provide growth capital to MultiTaction at a turning point in the industry, where large organisations are increasingly looking to give their businesses a competitive advantage from big data investments,” said Johan Kampe Senior Managing Director of Harbert European Growth Capital Fund (HEGCF).

“According to leading industry analysts over 80% of big data projects will fail next year and we believe that we have the solution to help organisations gain real-time insights from their big data. Harbert’s investment will help us reach into new market segments and accelerate delivery of new software solutions. We are delighted to be working with Harbert,” said Pete Malcolm, CEO of MultiTaction.