# Fake Production

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/fake-production

- Industry: Software
- Headquarters: Helsinki, Finland
- Website: www.glue.work
- Total disclosed funding: $3.9M
- Latest round: Seed (Nov 14, 2019)
- Investors on record: 6

## About

Fake Production Oy is a Finnish company specializing in a virtual collaboration platform that enhances remote meetings, facilitating effective team interactions across diverse industries through immersive tools and customizable environments.Founded in 2017 in Helsinki, Finland, Fake Production Oy develops virtual collaboration environments that enhance remote interactions. The company raised EUR 3.5 mn in Seed funding in November 2019, led by Maki.vc with participation from multiple investors. The founders, Santtu Parikka and Ville Miettinen, leverage their industry experience to drive the company's initiatives, guided by CEO Jussi Havu.Glue is a virtual collaboration platform designed to enhance remote meetings, enabling teams to engage effectively as if meeting in person. The platform offers customizable environments and secure connections that facilitate collaboration across various sectors, including technology, healthcare, and education. Glue's products are utilized by clients in North America and Europe, addressing the challenges of remote communication through immersive virtual spaces.In the most recent fiscal year, Glue generated revenue of EUR 1,597,113.70 with an EBITDA of EUR 299,251.60, reflecting its subscription-based service model that caters to organizations' diverse needs for virtual collaboration.Following its Seed funding round in November 2019, which raised EUR 3.5 mn, Fake Production Oy plans to invest in the development of new features for Glue and expand its market presence. The company is focusing on increasing its client base in North America and entering new European markets by 2024. The recent funding will support these growth initiatives, allowing Glue to enhance its product offerings and reach a broader audience.

## Funding rounds

- Seed, Nov 14, 2019, $3.9M — Reaktor Ventures, OP Bank, Bragiel Brothers, Foobar Technologies I ApS, Business Finland, Maki.vc

## Investors

- Reaktor Ventures — Seed
- OP Bank — Seed
- Bragiel Brothers (https://capitalatlas.ai/funds/bragiel-brothers) — Seed
- Foobar Technologies I ApS — Seed
- Business Finland — Seed
- Maki.vc (https://capitalatlas.ai/funds/maki-vc) — Seed