Helsinki-based Oppex announces funding round worth $1.5 million

oppex-screenHelsinki-based Oppex announces that they have pulled in $1.5 million in new funding and launched a new search engine for sales opportunities, according to a release from the company. Announced just in time for this year’s SLUSH conference, this round includes investment from Alma Media, startup accelerator Veturi, Tekes (funding arm of the Finnish government), and 7 undisclosed angel investors.

The Oppex database, which is used to help businesses search through public tenders, currently boasts more than 3.5 million public-sector tenders, with 1 million added annually. Oppex, whic was founded back in 2009 by the duo of Ville Heinonen and Mikko Lehmuskoski, currently claims 4,000 users from 120 countries around the world, including heavy-hitters like Samsung, Abbott, and Roche.

In terms of competition, Global Tenders appears to me the primary international competition. The EU actually offers its own searchable database, while other rivals compete in individual markets such as the UK and Canada.

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