Case: StealthCase

stealthcase-logo-12.4.2016Modern society is increasingly dependent on wireless communications. At the same time requirements for energy efficiency in construction have been constantly increasing. Unfortunately, energy efficient construction obstructs also the radio waves causing multitude of low signal ratio related problems. While these problems can be addressed, existing methods are expensive and most of the time they do not fit into existing processes within construction industry. StealthCase tackles the problem where it is born: in the walls. The problem is solved by applying and integrating antenna technologies into construction materials making materials reradiate signals efficiently through them. Unlike traditional solutions, the cost of market adaption of these integrated structures are minimal compared to the customer dissatisfaction or competing solutions.

Prior to Butterfly’s investment StealthCase had filed several patent applications, created proof of concepts that validate the technology as well as started the pilot negotiations with several construction industry players.

“We’ve been discussing of the problem for several years. When Juha, one of the founders, presented the initial solution we instantly understood that we had something special at our hands. As our IPR portfolio expanded, it was clear that an investor was needed. Butterfly has proven to be an excellent partner with low bureaucracy, direct and open interaction and excellent advices in marketing, business model and strategy. We look forward on expanding our business with Butterfly.” (Janne Mansikkamäki, CEO of StealthCase)

Butterfly invested into StealthCase because of their elegant, cost efficient solution to clearly identified need driven by market trend, i.e. energy efficient construction. Every new and renovated building needs their technology. Furthermore, they have secured the core IP and have an agile, well executing team with plenty of experience required for this type of products. Butterfly’s investment will be used to expand the IPRs, finalizing the first product and getting the first few pilot customers.

Case: NWG Tools

NWG Tools logoTiling in construction sites is traditionally labor intensive and requires plenty of manual work. NWGTools has invented a patent pending method that will improve the efficiency of tiling by 20-150%. As the construction business is heavily competed and margins of subcontractors low the efficiency increase means over 200% increase in the margin of an average tiling contract. With such market dynamics there’s no one who could afford not to use NWGs method once it’s launched. That’s a real revolution in the tiling.

A-tile makes tiling over 100% more efficient than using traditional methods. That's several hundred percent increase in margin of a tiling contractor.

A-tile makes tiling over 100% more efficient than using traditional methods. That’s several hundred percent increase in margin of a tiling contractor.

So far NWGTools has built a proof of concept product which has been able to prove the efficiency increase in a real construction site on a real tiling contract.

”At first we were contemplating between traditional angel investor and Butterfly Ventures. Fairly soon it became evident however, that Butterfly, due to their experience and business knowledge, would be a superior partner – also for the longer run. The benefits were clear. Already before the investment Butterfly helped us to develop an excellent way to protect our business and intellectual property rights.” (Sami Jussinniemi, CEO of NWGTools)

Butterfly invested into NWGTools because the value proposition is exceptionally clear and simple. NWGTools has found a really neat way to patent the key technology and unlike most cases it seems to be both difficult to go around and easy to enforce. Furthermore the market potential for such product is several hundred millions. The team has excellent industry expertise as well as demonstrated commitment and capability of operating lean. Butterfly investment will be used to build the first commercial product version, further validate the value proposition with the customers and acquisition of key reference customers.