Bocap Invests Into Quuppa, a Leading Provider of Real-Time Locating Systems

Bocap invests into Quuppa, a leading provider of Real-Time Locating Systems

Bocap acted as a leading investor in Quuppa’s first ever round of funding, worth €20 million. Together with Tech Consulting Group TCG Oy, an investor with solid experience in accelerating the growth of Finnish technology companies, Bocap will assist Quuppa in gaining further ground in global markets.

Quuppa has already deployed more than 2 000 location-based service solutions and has over 170 partners worldwide. “With the new investment, we are able to scale up our services, support our global partner network better and further develop our technology and services. Our aim is to grow from €10 million to €100 million in five years and establish our position as a market leader”, says Kimmo Kalliola, CEO and Founding Partner of Quuppa.

Bocap is very excited about Quuppa. “The company perfectly matches our focus on ambitious entrepreneurs looking for significant global growth on a profitable basis within a horizon of 3 to 5 years”, says Vilma Torstila, Partner of Bocap.

Contacts for more information

Bocap Private Equity Oy

Vilma Torstila, Investment Director & Partner, tel. +358 40 547 4010, vilma@bocap.fi

Julianna Borsos, Chair & Founding Partner, tel. +358 50 386 3530, julianna@bocap.fi

Tech Consulting Group TCG Oy

Risto Virkkala, CEO, risto.virkkala@tcg.fi

Quuppa Oy

Kimmo Kalliola, CEO, tel. +358 50 483 7226, kimmo.kalliola@quuppa.com