Mekitec adds EUR 2M in a new investment round.

Mekitec, an Oulu, Finland-based vendor of X-ray inspection systems for the food industry, secured EUR 2M in capitak investment.

The money was raised on an equity crowdfunding campaign closed in July 2018 on Invesdor from 135 investors at a pre-money valuation of EUR 7.5M.

Mekitec, founded in 2006 and led by CEO Antti Sivula, developed an X-ray inspection system that provides detection of foreign objects and allows verification of the desired quality parameters such as correct and shape. Mekitec X-ray systems look for presence, form and shape, completeness and integrity to verify the safety and quality of the food produced.

The company has growing revenues of over EUR 5M during 2017, with a staff of 50 people and sales offices and distribution centers in Finland, Hongkong and Dallas, Texas in the USA. Commercial and technological leadership resides at the company headquarters in Oulu and Espoo and at a fully-owned design, manufacturing and assembly operation in Xian, China.

Prior to this, Mekitec raised €2.2M from Tesi and Inventure.