Goodio secures $1.8M in capital investment from former Rovio CEO Mikael Hed.

Goodio, a Helsinki, Finland-based chocolate maker, announced in a press release that it secured EUR 1.5M ($1.8M) in capital investment. The money was provided by existing investors, including Finnish angel investor Mikael Hed, and will be used to fuel the company's expansion in the USA.

In conjunction with the financing, Goodio announced assembling a new board of directors, chaired by the company’s chief development officer Taru Pilvi, and including the former Rovio head and the senior vice president of Valmet Automative, Pasi Rannus.

Goodio, founded in 2015 by Jukka Peltola and led by CEO Jonni Sinkkonen, produces chocolate combining Finnish strengths: a clean, honest chain of production, great design expertise and delicious well-being. The company signed a distribution agreement with Whole Foods in 2017, which meant an EUR 1.2M in sales boost.

Prior to this investment, Goodio raised money in 2017 from Mikael Hed.