Collo Secures €5 Million to Expand IoT Analyzers Tackling Sustainability in Food & Beverage Industry
The global food and beverage industry faces mounting sustainability challenges, driven by climate change, resource scarcity, and stringent environmental regulations. As companies strive to reduce emissions, minimize waste, and manage water resources efficiently, the need for innovative technological solutions has never been greater. Collo, a Tampere-based tech company, addresses these challenges by offering cutting-edge IoT analyzers designed to optimize industrial liquid processes. Traditional liquid process management often results in significant resource loss, such as the waste of millions of liters of raw milk in dairy plants due to inadequate inline process control. These inefficiencies not only lead to increased operational costs but also contribute to higher carbon emissions and excessive water usage, exacerbating the industry’s environmental footprint.
Collo’s technology, which integrates advanced sensors, real-time analytics, and machine learning, provides a groundbreaking solution to these issues. Their unique sensor system, compatible with any liquid, allows for continuous, real-time monitoring, offering precision previously only achievable in laboratory settings. By analyzing this data with sophisticated machine learning algorithms, Collo’s solution delivers actionable insights that enable plant operators to optimize their processes, significantly reducing resource waste and associated emissions. For example, the use of Collo’s analyzers can prevent the loss of millions of liters of raw milk annually, saving substantial amounts of water and reducing CO2 emissions. This technology not only improves the sustainability of production processes but also allows companies to retrofit existing infrastructure, making sustainability upgrades more accessible and cost-effective.
The recent €5 million growth funding round, co-led by SEB Greentech Venture Capital and FORWARD.one, with participation from Scale Capital, positions Collo to expand its innovative solution on a global scale. As the food and beverage industry continues to undergo transformation, Collo’s IoT-driven approach represents a critical advancement in making industrial processes more sustainable.
Source: EU Startups
Technologies Used:
- IoT (Internet of Things): Used to provide real-time monitoring and optimization of industrial liquid processes.
- Machine Learning: Employed to analyze data and provide actionable insights for process optimization.
- Advanced Sensors: Unique sensors compatible with any liquid, replacing multiple traditional sensors, enabling accurate and continuous monitoring.
SDGs Impacted:
- SDG 9: Industry, Innovation, and Infrastructure – Collo’s technology drives innovation by bringing IoT and advanced analytics to industrial liquid processes, improving efficiency and reducing waste.
- SDG 12: Responsible Consumption and Production – The solution optimizes the use of raw materials, reduces waste, and minimizes CO2 emissions, promoting sustainable production practices.
- SDG 6: Clean Water and Sanitation – By reducing water usage in industrial processes, the solution contributes to more sustainable water management.
Sustainability Focus:
- Resource Efficiency and Waste Reduction: Collo’s technology optimizes the use of raw materials and water, minimizing waste and reducing CO2 emissions in industrial processes.
- Sustainable Production Practices: The solution promotes the adoption of more sustainable practices in the food and beverage industry by enabling precise process control and optimization.
Other Details:
- Company: Collo
- Industry: Food and Beverage
- Amount Raised: €5 million
- Investment Round: Growth Funding Round
- Geographic Focus: Finland
Key Investors:
- SEB Greentech Venture Capital (Sweden): Co-led the funding round to support Collo’s global expansion.
- FORWARD.one (Netherlands): Co-led the round, focusing on deep tech investments.
- Scale Capital (Denmark): An existing investor, continuing its support in this funding round.
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