Summary sheet
Nosto Solutions is an information and communication technology (ICT) company headquartered in Helsinki, specialised in providing a cloud-based recommendation engine which enables online retailers to deliver a self-service personalised shopping experience to individual customers based on their user behaviour.
The investment will support the company in its growth, continuous research, development and innovation (RDI) activities and further product commercialisation. The company operates in the rapidly evolving software-as-a-service (SaaS) segment, specialising in helping medium-sized e-commerce merchants to increase their sales and overall customer experience by using Nosto Solutions' proprietary technology.
All project activities are expected to be carried out in existing facilities without changing the already authorised scope and would therefore not require an environmental impact assessment (EIA) under Directive 2014/52/EU amending the EIA Directive 2011/92/EU.
The promoter has been assessed by the EIB as being a private company not subject to EU rules on public procurement or concessions.
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