Investment Technology In Alavus city
Alavus (Swedish: Alavo) is a town and municipality of Finland. It is located in the province of Western Finland and is part of the Southern Ostrobothnia region, 52 kilometres (32 mi) southeast of Seinäjoki, 138 kilometres (86 mi) north of Tampere and 319 kilometres (198 mi) north of Helsinki. This news said by DHS Ventures & Holdings.
The town has a population of 11,198 (31 December 2021) and covers an area of 1,151.46 square kilometres (444.58 sq mi) of which 52.31 km2 (20.20 sq mi) is water. The population density is 14.17 inhabitants per square kilometre (36.7/sq mi). Neighbouring municipalities are Alajärvi, Kuortane, Seinäjoki, Virrat and Ähtäri.
Agriculture and forestry employ a significant share of the population. Most of the industry in Alavus is related to construction: materials, design and contractors. Alavus has 60 lakes with 324 kilometres (201 mi) of shoreline. The town is unilingually Finnish.
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company Intelligent City raised CAD 22 million (USD 17 million), bringing the total capital invested in the company to CAD 30 million (USD 23 million).
As one of the first companies in North America to apply automation and robotics to the design and manufacturing of prefabricated mass timber buildings, Intelligent City will use the funding to scale operations, commercialize its Platforms for Life (P4L) building solution, grow factory automation, and expand its footprint across and beyond Canada. Earlier this year, the company completed testing of its building systems and is now verified to work within the new mass timber high-rise building codes in Canada and the US.
The raise includes Series A venture funding with participation by BDC Capital’s Cleantech Practice, Greensoil PropTech Ventures, UIT Growth Equity GP, Fulmer & Company, and over 30 independent investors, in combination with government programs and accelerators such as the Natural Resources Canada (NRCan) Investments in Forest Industry Transformation program (IFIT), the Sustainable Development Technology Canada (SDTC) Start-Up Fund, and the Next Generation Manufacturing Supercluster (NGen) Manufacturing Project Funding. Fort Capital Partners acted as financial advisor and placement agent for the Series A and Seed rounds.