Filtrabit secures 2 MEUR funding commitment from Ajanta Innovations 2 Ky

Finnish cleantech company Filtrabit has secured a €2 million funding commitment from Ajanta Innovations 2 Ky for the coming financing round.

The investment will enable Filtrabit to continue the expansion of its revolutionary modular dust extraction technology to new market areas beyond Finland. The funds from the coming financing round, combined with previous financing, will be used for international expansion primarily but not exclusively in the Nordics, Central Europe and India.

Dr. Kim Fagerlund, CEO of Filtrabit:

“The increasing demand for better dust control is driven not only by environmental regulations but also by operational and economic benefits achieved by implementing the most modern raw material collection and recycling methods available.

Our technology has now been proven in practice in several applications in Finland and is ready to be implemented in operations globally.

We are grateful for the trust of our shareholders and are ready to take the next steps on our expansion and growth path. This commitment plays a key role in our next round and enables us to efficiently execute our strategy road map as planned more than a year ago.”

About Filtrabit
Filtrabit is a Finnish manufacturer of industrial-scale dust extraction systems. Filtrabit’s solution effectively extracts microparticles from industrial dust-laden gas streams, which helps reduce air pollutants from industrial sources and accelerate emissions reductions through the reuse of recovered raw materials.