Press Release, Oulu, Finland, August 9, 2024 – We have started a partnership with the venture capital firm Nordic Option. In the recently executed arrangement, Nordic Option becomes a minority owner of CSE.
“We are here to bring joy and exercise to everyone, and we make this possible with our active games in places where gaming and exercise have never been seen before. Our goal is to continue growth, especially in the North American market. At this stage, Nordic Option is exactly the right partner to support our growth,” says Veli-Matti Nurkkala, CEO of CSE.
“CSE is an award-winning growth company that has been systematically built step by step. The company possesses cutting-edge technology and an excellent team. In its new strategy, the company has set a goal for stronger international growth, and it is both an honor and a pleasure for Nordic Option to be involved in this effort,” adds Jaakko Lampela, CEO at Nordic Option.
Founded in 2012, CSE is an exergaming company based in Kajaani employing over 20 people. It’s one of the fastest growing companies in North Finland, and it also has a subsidiary company in Delaware, USA. CSE operates in over 60 countries and over 30 states in the USA. Their active gaming products inspire over 5 million people every month to exercise in a fun way. CSE is growing fast by creating spaces where exercise meets fun and entertainment transforms into movement. Benefits are realized not only for individual health but also for the world, by decreasing immobility and increasing well-being.
Nordic Option is a venture capital fund investing in growth companies in Northern Finland, with major shareholders including Arvo Investment Cooperative, Partnera Plc, and the City of Oulu. The company aims to provide a northern alternative to enable growth and internationalization for small and medium-sized enterprises.
For further information:
Veli-Matti Nurkkala, CEO, CSE Entertainment, +358 44 383 0247
Jaakko Lampela, CEO, Nordic Option, +358 50 566 5385
Release date and time August 9th 2024 9:30 AM
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