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Samsung Venture Leads ElFys' €6M Funding

ElFys has raised €6M to ensure production ramp up for wearable market - with the latest addition of Samsung Venture Investment Corporation as lead investor. The new €3M round announced today is complementing a round of the same size from last summer, and the money raised is dedicated to ramping up production to match the growing demand from the industry. The lead investor of the round is Samsung Venture Investment Corporation (SVIC), together with the company’s earlier round’s lead Voima Ventures. For additional details please read the press release.