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    Reference: 20170019
    Release date: 7 April 2017

    Promoter – Financial Intermediary

    NOSTO SOLUTIONS OY

    Location

    Description

    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.

    Objectives

    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.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 15 million

    Total cost (Approximate amount)

    EUR 36 million

    Environmental aspects

    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.

    Procurement

    The promoter has been assessed by the EIB as being a private company not subject to EU rules on public procurement or concessions.

    Status

    Signed - 12/07/2017

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Finland Services