Bocap has invested €20 million in Quuppa, a leading Real-Time Locating Systems provider, to support its ambitious growth plans and global expansion.
Target Information
Quuppa Oy is a distinguished provider of Real-Time Locating Systems (RTLS), recognized for its innovative solutions that enable precise location tracking and management. With a robust portfolio of over 2,000 location-based service implementations and a global partnership network exceeding 170 collaborators, Quuppa is well-positioned within its industry.
Under the leadership of CEO and Founding Partner Kimmo Kalliola, Quuppa aims to significantly scale its operations, intending to grow its revenue from €10 million to an ambitious €100 million within a five-year timeframe. This growth strategy is backed by increased support for its global partner network and ongoing technological development.
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Industry Overview
The Real-Time Locating Systems industry in Finland has been gaining traction, fueled by the growing demand for efficient asset tracking and management solutions across various sectors. Increas
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Bocap
invested in
Quuppa
in 2023
in a Series A deal
Disclosed details
Transaction Size: $22M