Cleantech Invest portfolio firm Nuuka Solutions Lands in California
Cleantech Invest portfolio company Nuuka Solutions has established a subsidiary company in Los Angeles, CA. The Californian subsidiary will be a joint effort between Nuuka and Ms. Marylou Garcia who will be spearheading the efforts to bring yet another Nordic technology to American shores. Cleantech Invest owns 34% of Nuuka.
Nuuka, who will own 51% of the Joint Venture, is a data software and platform company operating in the rapidly developing smart building sector. They have realized significant growth in the first two quarters of 2017 and are poised to continue this growth into the second half of the year.
California is leading the United states in Cleantech adoption, and businesses such as Nuuka continue to see the greater Los Angeles area as one of the key markets to tackle if they want to become a leading player in the cleantech movement. Nuuka is doing their part by making smarter and sustainable buildings a reality in the United States.
Marylou Garcia, CEO and President of Nuuka Inc., has an MBA from Wharton and is well established in the California market. She is also the Managing Director for Expense Reduction Analysts, Los Angeles – an enterprise that helps organizations put additional cash flow to work by further lowering supplier costs, without any compromise to quality and service. Through partners and alliances, Nuuka Inc will be able to reach thousands of potentials customers in the United States.
Nuuka CEO, Mikko Valtonen:
“We have had a very busy first 2 quarters of 2017. We have been successful in getting key new customers to use our software both here in the Nordics, and abroad in Benelux and the US. We see the opening of a subsidiary in California as a logical next step on our growth journey to becoming one of the key players in this rapidly developing smart building market. We are very excited about the partnership we now have with Marylou Garcia and her extensive networks. We look forward to starting projects in California in the very near future”
Cleantech Invest Chairman of the Board, Lassi Noponen based in Los Angeles:
“Cleantech Invest combines the best Nordic cleantech with formidable American entrepreneurship by bringing a set of its portfolio companies to the US and Nuuka is first project to go live. We have several other projects in progress and hope to be able to announce the next company very soon. Nordic Cleantech is very competitive on the global stage, as Finland and Sweden continue to act as the epicenter for technological innovation. There is tremendous market potential to bring these technologies to the US.”
Consul General of Finland in Los Angeles, Stefan Lindström:
“California and the Nordics are leaders in clean technologies. We are here to support Finnish companies’ entry to the massive US market and have been happy to contribute to Cleantech Invest’s and progress in California. Innovators like Nuuka are important pioneers and will pave way for many more Nordic cleantech companies’ emergence to the US market.”
Cleantech Invest CEO, Alexander Lidgren:
“We set up our office in California to help our companies grow in the USA. I don’t think Lassi could have found a better partner for Nuuka than Marylou Garcia. Nuuka has a scalable solution that real estate owners in the Nordics love, and I am really exited to see how it will be received in the American market.”
Marylou Garcia, CEO and President of Nuuka Inc:
“As buildings continue to get smarter and generate massive amounts of data, Nuuka provides a cost efficient solution to allow property owners, developers and managers real-time, instantaneous visibility to all their automation systems for quick decision and action. Nuuka combines sustainability, energy efficiency and customer satisfaction under one platform. California has historically been first to adopt and commercialize new technologies, and I am looking forward to begin working with Nuuka solutions in continuing to make that statement true.”
Contact information:
Alexander Lidgren, Managing Director of Cleantech Invest Plc. Tel. 46 73 660 1007, alexander.lidgren@cleantechinvest.com
Access Partners Oy, Certified Advisor. Tel. 358 9 682 9500
Mikko Valtonen, CEO Nuuka Solutions Oy, Tel. 358 50 591 2044, mikko.valtonen@nuukasolutions.fi
Nuuka Solutions in Brief
Nuuka is a leading building management solution provider headquartered in Finland. Nuuka`s SaaS based software consolidates existing building big data into one single user interface and helps building owners and users to not only report but also analyze and understand the core reasons behind energy efficiency, good indoor air and sustainability. Nuuka empowers the users and brings building big data from the cellars and only for the experts to to the users and owners of the buildings and thus enables better building management and increased property values.
www.nuukasolutions.com
Cleantech Invest in brief
Cleantech Invest is a Nordic accelerator with investments in growth companies that solve global challenges. The portfolio companies are active in energy- and resource efficiency as well as decentralized renewable energy and are based in Finland, Sweden and Germany. The company management consists of company builders and investors who have been active within the cleantech space for over a decade.The company is listed on First North Finland under the ticker CLEAN and on First North Stockholm under the ticker CLEANT A.
www.cleantechinvest.com
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