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Nano Particle Filtration Company Tassu ESP Receives Seed Financing from Veraventure
By Timo Norros on July 02, 2010

The funding will be used for enhancing the industrial design and productization of Tassu ESP's emission filtration systems. Mikkeli based Tassu ESP was founded in 2008 to commercialize Tampere University of Technology's research of combustion gas filtration, which is based on diffusion charge of the particles. The innovation enables cheap and reliable filtration solutions for both industrial and domestic applications. The upcoming EU legislation considering small particle emissions will reduce the emissions of industrial factories and domestic use, such as the burning of wood. The burning of wood has been found dentrimental to health because of the small particles and other organic compounds. However, because of climate change, it is important to use renewable energy sources, and Tassu ESP's cheap gas filtration solutions make possible the future use of fireplaces as part of domesting heating.

ESP stands for electrostatic precipitation. In practice, the particles are electrostatically charge and collected to modular particle collection units, which can be customized to meet the unique customer needs. The components for the device will be subcontracted to different machine shops around Mikkeli area.


Source: Press release

Tassu ESP Ltd

Location: Mikkeli, Finland
Website: www.tassuesp.fi
Tassu ESP provides advanced electrostatic precipitation (ESP) techniques for industrial and domestic applications.


Aloitusrahasto Vera Ltd (AKA Avera / Veraventure)

Location: Kuopio, Finland
Website: www.veraventure.fi
Veraventure is a venture capital investment company serving as the hub for public early-stage venture capital investments. Veraventure makes direct investments in early-stage innovative enterprises through Seed Fund Vera (Aloitusrahasto Vera) Ltd, a company under its management. Veraventure also develops regional venture capital investment activities. In addition, the company manages a business angel network known under the name of InvestorExtra. The goal of Veraventure’s activities is to cover the shortcomings existing on the market between product development funding and private equity investments. Veraventure does not compete with private financiers; instead, it strives to increase the availability of private capital and know-how for enterprises at an early stage. Veraventure works in close cooperation with Finnvera’s network of regional offices and with local Technology Centres. Veraventure also has a fruitful cooperation relationship with Tekes and its programmes. Information about potential investment targets is obtained both from direct contacts and via the cooperation network.



Tags: energy, fundraising, investment, materials, nano, venture capital
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