Videoly raised €1 million in a funding round backed by Vendep Capital.

Videoly, a Helsinki, Finland-based company operating a product video platform for online retailers and brands, announced the completion of an investment round of €1 million ($1.2M)

The money was provided by the early stage investor from Finland Vendep Capital and included angel contributions from Kim Väisänen and Juha Valvanne.

Videoly, founded in 2014 and led by CEO Nora Huovila, developed a digital platform for companies looking to find product videos and automatically links these to related product pages to customers ’online stores. The company now has 27 employees, a €1 million turnover and customers among 300 online stores in Finland and the Nordic countries, including Giant, Bauhaus, Kicks and Nelly.com.