Noccela develops a cloud-based loss-prevention system for retail that detects attempted thefts, identifies shoplifting techniques and protects specific products. The system sends an alarm with information and location to, for example, a security guard’s mobile application while the product is still in the shop. Its alarm also knows which product it is protecting. The company says it will use new funding to export and expand sales of the solution to more retailers. Noccela raised €1.2 million through a direct share issue to fund that expansion. The company did not name new investors, noting that 89% of the funding comes from the Netherlands and the remainder from Finnish investors including existing backers.

Total raised

$1M

Funding rounds

1

Latest round

Equity

Latest activity

Dec 2016