‘Sound’ funding: Aisti secures €29 million for sustainable acoustic tiles

Jyväskylä-based startup Aisti has efficiently closed a €29 million Sequence A funding spherical to speed up the manufacturing of its progressive acoustic tiles, that are produced from renewable wooden fibres.

The funding will primarily help the development of Aisti’s first business manufacturing facility in Kitee, Finland, enabling the corporate to carry its Aisti® Teno acoustic tiles to the development market.

The funding spherical drew a mixture of notable buyers, together with Voima Ventures, Maki.vc, Finnvra, and Valve Ventures consortium, alongside contributions from personal buyers. Non-equity financing additionally performed a key function, with €5 million in loans from Norion Financial institution, €7 million in grants from the South Savo ELY Centre, and an €8.5 million capital mortgage from the Finnish Local weather Fund.

“With Aisti’s know-how, we’re lastly introducing a cutting-edge, cost-effective acoustic resolution for the development business. Enjoying a pivotal function in trendy building, our tiles set new requirements for a way superior, pure supplies can improve each efficiency and design,” mentioned Mikko Paananen, CEO and Founding father of Aisti.

Based in 2019 by Mikko Paananen, Antti Fredrikson, and Petri Jetsu, Aisti has raised a complete of €32 million to redefine acoustic options and cut back the development business’s carbon footprint. With its staff of eight professionals, the corporate seeks to ship cutting-edge merchandise that align with trendy building calls for and sustainability objectives.

Aisti’s acoustic tiles purpose to rework the development business by providing a sustainable, high-performance different to conventional mineral wool-based supplies. The tiles are free from plastic binders and aggravating fibres, making them user-friendly, recyclable, and able to delivering excellent technical efficiency at an reasonably priced worth. These attributes are complemented by the tiles’ reported potential to boost well-being and performance in trendy areas.

The innovation lies in Aisti’s patented foam-forming know-how, which turns lignocellulosic wooden fibres into extremely porous, light-weight tiles.

Designed to fulfill modern building calls for, the tiles supply a renewable different to conventional mineral wool-based supplies in suspended ceiling programs and will also be tailored to be used in thermal insulation, packaging supplies and composites

The brand new Kitee manufacturing facility will allow Aisti to realize an annual manufacturing capability of two.5 million sq. metres.

The corporate plans to initially goal the Nordic market, the place demand for sustainable constructing options is rising. The corporate has already signed a number of off-take agreements with a complete annual worth of €6.8 million, representing 3% of the Nordic acoustic tiles market.

Paananen added, “This funding permits us to maneuver ahead with developing the Kitee manufacturing facility, which allows our long-term business plans. We purpose to first serve the Nordic market, assembly the rising demand for extra pure constructing options within the area. We’re thrilled to have sturdy help from buyers and different companions as we embark on this subsequent progress part and convey our product to market.”

The Aisti® Teno tiles are anticipated to hit the market by the second half of 2026, providing a sustainable different that goals to match the efficiency and affordability of conventional choices.

“We’re proud to help Aisti in its mission to revolutionize acoustic options with sustainable, high-performance supplies. This funding milestone marks not solely the beginning of an thrilling progress part but in addition a transformative step for the development business as an entire,” says Pirkka Palomäki, Accomplice, Maki.vc.