China Inc Buys Another Nordic Startup

    Shenzhen O-film Technology Co., Ltd. has bought all shares in Senseg Oy to gain access to the Finnish firm’s proprietary Electrostatic Haptic Feedback technology, and aiming to bolster its profitability and competitiveness.

    O-film said it plans to invest an additional 1.87 million euros to Senseg Oy after the deal.

    Senseg raised its B round of $6 million in April 2014 from NXP Semiconductors, Ambient Sound Investments and Finnvera Venture Capital.