Finland’s Fibres raises 270,000 euros for growth


Finland’s Fibres Online, the maker of a cloud-based planning tool, has raised  270,000 euros from a number of private investors to boost its international growth in 2021.

“2020 marked a year of growth for Fibres Online. Existing customers in Australia, Europe, and North America found our foresight software even more valuable in turbulent times,” it said in a blog post.

Fibres’ software is primarily used for strategic planning, innovation, and R&D purposes in organisations including Aurecon, Daimler,  VTT and Vilnius University.

Fibres has so far been bootstrapping with with a help of approximately 430,000 euros in grants and loans from Business Finland for R&D and internationalization during the past three years.

“Our solution helps companies systemize foresight and futures work by providing a shared platform to work on trends. With Fibres, companies have a centralised database for all future-related inputs, a technology-assisted tool to make sense of such inputs, and an engaging user-interface for collaboration and sharing of new insights,” it said.