dLaboratory from Lund receives funding
dLaboratory from Lund works on a technology that makes it easier to anticipate and avoid power failures. Now they have raised additional funding of 10 million Sek (1 million euro) that will be allocated towards further product marketing and sales, writes 8till5. The current round is done through shares emission. Among the investors are Gunnar […]
ERNIT has raised 700,000 USD in funding
ERNIT has just raised a seed round of 700,000 US dollars (4.8 million DKK). The two investors behind the funding is Denmark’s biggest funding company SEED Capital and Danish bank Spar Nord. The Copenhagen-based company is very excited about the investment. According to ERNIT, it will use the funding to optimize both the digital and […]
Adlibris buys up Roliga Prylar
Swedish online store Roliga Prylar has now become a part of Adlibris Group. After several years of declining in sales, Alphageek AB who owns Roligaprylar.se has returned to growth again. The figure reached 20 million SEK (2.12 million Euro) in last year from 16 million SEK (1.69 million Euro) in 2015. In early 2015, Anton and Oscar Troedson […]
Ximantis enters the connected cars and autonomous vehicle market
Ximantis, a Swedish startup, has entered the autonomous vehicles and Advanced Driver Assistance Systems (ADAS) software platform, with its Stochastic Re-construction module. This module, in direct communication with the vehicle’s software, can integrate any number of available data sources and completely resolve, in real time, local vehicle interactions. With a mission to provide traffic solutions to […]
Safe Solutions is bought by private equity company Pamica
Safe Solutions is a Malmo-based company that has developed software that, together with an infrared camera can detect a potential burglar from the distance of several hundrer meters. Thermal sensor mounted on a 18 meter high pole rotates in an irregular pattern and scans the area of 300 meters 200 times within a minute. “We […]
Growth in Templafy leads to change in management
Success and growth of Templafy, has lead to a change in management of the startup. Former chairman of the board, Jesper Theill Eriksen is now the new CEO of the company and Preben Damgaard has replaced him as the new Chairman of the board. Along with these changes in roles, former CEO and co-founder Christian Lund will […]
Malmo-based Earin recieved 30 M SEK (€3M) in venture capital
Malmo-based Earin that develops wireless headphones raised 30 million SEK (3 million euro) in venture capital, reports Breakit. The funding round valued the company at 130 million, which is slightly below the expected sales for 2017. In the startup context, it can be seen as a relatively low valuation for a company that has already […]
Facebook’s third foreign data center will be built in Denmark
A new facebook data center will be operational in Odense, the third largest city in Denmark. According to Fyens.dk, it will consist of two large data buildings and a building for administration and logistics. It is the third foreign data center for facebook built outside the United State. The first one is in Lulea, Sweden […]
Dating.dk owner says goodbye to partners
Established in 1998, Freeway group, well-known for such projects as Dating.dk, Lejebolig.dk and Studieportalen.dk becomes a family-owned enterprise. Morten Wagner and his father Morten Wagner senior have chosen to not collaborate further with their partners Peter Johan Sønderby-Wagner and Henrik Back and bought their shares in the company. “We have been partners for 19 years […]
Queue-it receives €350,000 from Innobooster to counter non-human online traffic
The 17th of January, Queue-it received a capital injection of €350,000 from Innobooster. The investment will enable the Danish startup to further develop features to counter non-human online traffic. Queue-it was founded in 2010 by Camilla Ley Valentin, Niels Henrik Sodemann, and Martin Pronk. The startup provides global SaaS queue page. During traffic surges on […]