Release date: 7 April 2017
Promoter – Financial Intermediary
NOSTO SOLUTIONS OYLocation
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)
- Services - Information and communication
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 information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).