Arctic Warm is updating its growth strategy and launching its international expansion. To accelerate the execution of the strategy, the company has raised new funding that strengthens its ownership base. Cape Capital Oy joins Arctic Warm as a new shareholder, bringing with it the experience of three key figures from Wolt’s international expansion: Tony Honkanen, Matias Nordström and Janiv David.

Tony Honkanen joins Arctic Warm’s Board of Directors as part of the investment. He brings nearly ten years of experience from Wolt, where he played a key role in building the company’s international growth from its early stages. Honkanen led Wolt’s expansion into dozens of new markets and was responsible for launching and managing operations in multiple countries. Under his leadership, the Wolt Market concept was introduced in 20 countries, growing within a year to 84 stores and over 1,200 employees. His experience in building scalable business models and leading global growth strengthens Arctic Warm’s ability to expand internationally with speed and sustainability.

About Arctic Warm

Arctic Warm manufactures intelligent hybrid systems for temporary climate control. Our solution replaces fossil-fueled equipment with an energy-efficient and space-saving technology that delivers up to 30% lower operating costs and reduces emissions by more than 90%. The modular system scales effortlessly from small applications to outputs of several hundred kilowatts, adapting dynamically to different needs and ensuring high utilization throughout the year.
Our vision is to redefine the standard for temporary climate control and become the global market leader in the industry. Arctic Warm was founded in late 2023.

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Andreas MällinenCEOArctic Warm044 493 1654if.mrawcitcra%40saerdna