FORCIOT Raised €4M at €20M Valuation

Finnish IoT startup FORCIOT just raised €4 million from Volvo Cars Tech Fund (VCTF) and others.

This actually means that, based on comparable deals, FORCIOT sold an estimated 20% equity stake in their company to VCTF at a price of €4 million.

This in turn means that FORCIOT is valued priced at an estimated €4 million / 20% = €20 million post-money.

Price startup = price deal / equity stake sold

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