Deal

TimeTemp attracts new funding

TimeTemp has attracted NOK 36 million in new funding from Strømstangen Invest, Torbertra Kapital and Investinor.

Investinor invests NOK 18 million in the company and will own 23 percent of TimeTemp following the transaction.

TimeTemp has developed and patented an indicator, Keep-it, for temperature sensitive products like food, pharmaceutical products and chemicals. The indicator provides more accurate information about the product's shelf life than today's date stamping.

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FundInvestinor
Portfolio CompanyTimeTemp
Date of Transaction2010-08-13
TransactionAcquisition
Seller
Buyer
Size of TransactionNOK 18.0m
Ind. FocusCleantech
GeographyNorway
StageVenture
 

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(2011-07-13)