Koite Health has closed 3 million euro investment round
SPARK Finland alumni Koite Health Oy has announced that they have just recently closed a 3 million euro investment round. Prior to this round they had raised 1,3 million euro seed funding and on top of that non-dilutive development funding from Business Finland. Company has already sales approvals in Europe and it has more than 3000 customers.
Koite Health is a growth-oriented health technology company whose innovation significantly changes preventive oral health care and improves clients’ health and quality of life. Their Lumoral® solution is a high-quality, highly patented medical device for long-term, home-based preventive oral health care and has a rapidly growing, satisfied customer base.
LED light technology, in combination with the light-activated, antibacterial Lumorinse mouthwash, effectively and safely removes bacteria from the surface of teeth and gums. The photo-activated antibacterial method is known in dentistry and is scientifically proven.
Their technology platform is scalable and allows to expand their business to other local infections, such as skin infections. In the future, they anticipate to be a global technology leader in photoactivated antibacterial therapies. With their advanced technology, there is an opportunity to significantly reduce the need for antibiotics in healthcare.
SPARK Finland congratulates Koite Health team – once again – for successful fundraising!