CVX Ventures

Arevo raises €7.3 million to expand bio-based fertiliser production and strengthen its board Swedish agtech company Arevo has raised €7.3 million to accelerate the scale-up of its bio-based fertiliser production and expand internationally. The funding round includes continued support from Industrifonden, Fort Knox Förvaring AB, Navigare Ventures, and Stora Enso, all of whom also participated in Arevo’s previous €6.8 million round. Arevo develops arginine phosphate, a bio-based fertiliser that helps soil retain nutrients more effectively while reducing nitrogen leakage and greenhouse gas emissions. The company aims to provide a sustainable alternative to traditional nitrogen-based fertilisers, which currently account for around five percent of global emissions, nearly twice that of aviation. Alongside the funding, Arevo has strengthened its board with several new members, including Maria Wetterstrand, former leader of Sweden’s Green Party and CEO of Miltton Europe. Her expertise in sustainability and EU policy will be essential as the company navigates stricter climate and environmental regulations in the agricultural sector. With this new capital and an expanded leadership team, Arevo is preparing to move from pilot to industrial-scale production. The company continues its mission to make fertiliser production more sustainable and support the global transition toward low-emission agriculture.

Encube raises €23 million to make hardware design more efficient Swedish deeptech company Encube has raised €23 million in a new round led by Kinnevik, Promus Ventures, and Inventure. Encube develops an AI platform that helps engineering and hardware teams identify and avoid costly design issues early in the development process. The solution is already used by industrial players such as Volvo Group, Beyond Gravity, and Scania Group. The platform analyzes how design choices impact production costs, complexity, and efficiency, helping companies reduce both development time and carbon footprint. According to Encube, the technology can cut time to market by up to 50 percent, lower production costs by as much as 30 percent, and double engineering productivity. Founded in 2021 by Hugo Nordell and Johnny Bigert, Encube aims to strengthen Europe’s industrial competitiveness. With the new funding, the company plans to expand its presence in Europe and the United States and accelerate the development of its AI capabilities to bring more intelligence and automation into hardware design.

Jabbr raises 32 million kroner to bring AI to combat sports The Danish company Jabbr has raised 32 million kroner in new funding to develop its AI-powered platform for analyzing combat sports. The investment round is led by the Silicon Valley fund Buckley Ventures with participation from PSV Tech, Olympic gold medalist André Ward, and the venture firm Seven Seven Six 7️⃣7️⃣6️⃣ founded by Reddit, Inc. creator Alexis Ohanian Sr. Jabbr’s technology uses cameras and artificial intelligence to analyze and score fights in real time. The goal is to make judging more objective and to give athletes, trainers, and broadcasters detailed insights into performance. The first production batch of 300 systems is already fully pre-ordered and expected to be delivered next year. Founded in Copenhagen by Allan Svejstrup Nielsen and Elias Obeid, Jabbr has already attracted global attention after delivering AI-driven fight statistics for major events such as Oleksandr Usyk’s victory over Tyson Fury. With teams in Copenhagen, Shenzhen, and Los Angeles, the company now aims to scale its technology to a wider international market.

Former Google and Spotify executives raise EUR 6.1 million to build AI marketing manager “Lucy” Swedish startup Epiminds has raised EUR 6.1 million in a seed round led by Lightspeed Venture Partners, with participation from EWOR, Entourage, and several angel investors, including the former CMO of Booking.com. The company is developing Lucy, an AI marketing manager that helps agencies automate reporting, campaign execution, and creative analysis so marketing teams can focus on strategy and innovation. Founded by Elias Malm, previously at Google, and Mo Elkhidir, who led machine learning at Spotify and Kry, Epiminds aims to transform how marketing agencies operate. Their multi-agent system coordinates more than twenty AI agents that support teams managing over 240 brands. According to the founders, the goal is not to replace creativity but to give it room to grow. With this investment, Epiminds will continue expanding Lucy’s capabilities, deepen integrations with ad platforms, and strengthen its position in the global AI marketing landscape. The company represents a new generation of Nordic tech talent using AI to rethink how creative and analytical work scale together.

Danish-founded Dreamdata raises DKK 390 million to strengthen its AI-powered B2B marketing platform The Danish-American startup Dreamdata has raised DKK 390 million in a Series B funding round led by the US fund PeakSpan Capital, with participation from InReach Ventures, Angel Invest, Curiosity VC, Crowberry Capital, and PSV Tech. The investment will accelerate Dreamdata’s development of an AI-driven platform that connects marketing activities directly to revenue and helps teams act on real-time insights. Dreamdata was founded in Copenhagen and has built a strong position by addressing one of B2B marketing’s biggest challenges: fragmented data. The platform brings together every part of the customer journey and gives marketing teams a clear understanding of what drives growth and pipeline. With this new funding, Dreamdata will continue expanding its analytics and activation capabilities to strengthen predictive tools, automate workflows, and reduce the need for technical resources. The goal is to give marketing teams the same operational clarity that CRM systems provide for sales and to make Dreamdata the global standard for B2B marketing intelligence.

Lotus Microsystems secures DKK 53.5 million to make data centres more energy efficient The Danish startup Lotus Microsystems has raised DKK 53.5 million from NOON Ventures and EIFO to develop a new generation of power supplies designed to cut energy loss and lower CO2 emissions in data centres. The company’s technology aims to reduce power loss in the conversion process that happens before electricity reaches computer processors. According to Lotus Microsystems, the solution can halve energy loss in the final conversion stage and significantly reduce the need for cooling systems, which are typically highly energy-intensive. Of the total investment, DKK 30 million comes from EIFO, while NOON Ventures provides the remaining capital. Production of the company’s microchips will be outsourced once the technology is ready for large-scale manufacturing, with the United States expected to be the first export market. CEO Hans Hasselby-Andersen says the new funding will make it possible to finalise the next generation of products, prepare them for mass production, and bring them to market while winning the company’s first international customers.

Matrix42 acquires Viio to strengthen its SaaS management platform Matrix42 has signed an agreement to acquire Viio, a Denmark-based provider of intelligent SaaS management and procurement solutions. The acquisition is a strategic step that expands Matrix42’s Software Asset Management offering and reinforces its position as the European Choice in service management. By integrating Viio’s technology, Matrix42 will give customers complete visibility and control over their software use and spending. This enables organizations to reduce costs, improve compliance, and strengthen security across their entire SaaS environment. Niilo Fredrikson, CEO of Matrix42, says that cost optimization is more important than ever. He highlights that Viio’s proven platform delivers measurable savings and efficiency gains. Michael Fornander, CEO and Co-founder of Viio, adds that joining Matrix42 is an exciting opportunity to build on the company’s mission of helping customers manage software investments more intelligently. The acquisition will allow Matrix42 to continue delivering on its goal of digitalizing and automating work with AI-powered service management. Together, Matrix42 and Viio will help organizations maintain transparency and control in an increasingly complex digital environment.

Erik Damgaard sells Uniconta Denmark in billion-kroner deal Danish tech entrepreneur Erik Damgaard has sold the majority of his cloud-based ERP company, Uniconta Denmark, to the German private equity firm BU Bregal Unternehmerkapital. The deal values Uniconta Denmark at around DKK 1.8–1.9 billion, according to Børsen. Damgaard will retain 30 percent ownership and continue as CEO. BU Bregal Unternehmerkapital, headquartered in Zug with offices in Munich, Milan, and London, manages over EUR 7 billion in assets and focuses on partnering with entrepreneurs and family-owned businesses across Europe. With more than 150 investments since its founding in 2015, BU Bregal Unternehmerkapital has built a strong track record supporting companies with high growth potential. Erik Damgaard founded Uniconta Denmark in 2016 to deliver modern, cloud-based ERP solutions for small and medium-sized businesses. With strong growth in Denmark and an expanding presence in markets such as Germany and the Netherlands, the company is now preparing for its next phase of international scaling. “BU Bregal Unternehmerkapital is the ideal partner to accelerate our growth in Germany and the Netherlands while continuing our positive development in Denmark,” says Erik Damgaard. “We have built a solid foundation at home, and now it is time to take Uniconta Denmark to the next level.”

Liquid Wind receives SEK 39 million funding to advance eFuel project in Sweden Liquid Wind has secured SEK 39 million in funding from #Industriklivet, the Swedish Energy Agency’s program supporting the green transition in industry. The grant will support the pre-engineering phase of the company’s full-scale eMethanol facility in Örnsköldsvik, Sweden, paving the way for a future investment decision on the eFuel plant. The planned facility will produce 100,000 tons of eMethanol per year by combining green hydrogen from electrolysis with 150,000 tons of captured biogenic CO₂ from Övik Energi AB’s biofuel-powered CHP plant. This integrated approach is expected to avoid 200,000 tons of CO₂ emissions annually, providing a sustainable alternative to fossil fuels in hard-to-abate sectors such as shipping, aviation, and the chemical industry. Claes Fredriksson, CEO and founder of Liquid Wind, says the funding represents a strong commitment from the Swedish government and signals confidence to international investors and offtakers. “It is a clear endorsement of our vision to scale local and resilient eFuel solutions in Europe,” he explains. With this project, Örnsköldsvik is set to strengthen its role as a frontrunner in Sweden’s green energy transition while Liquid Wind moves closer to delivering large-scale, low-carbon solutions for transport and industrial sectors.

Vaekstkapital Group invests DKK 280 million in Danish fintech company Endavu Vaekstkapital Group, led by Danish CEO Jens Kindberg, has announced an investment of DKK 280 million in Danish fintech company Endavu. The move marks the firm’s expansion beyond alternative assets into listed investments and investment funds. With the partnership, Vaekstkapital aims to launch its own platform for listed securities, developed in collaboration with Endavu, as part of a long-term strategy to offer clients a broader range of investment opportunities. Endavu, founded in 2022 by Martin Roland Knudsen, Casper Sylvest Helledi, and Jesper Borgstrup, operates a trading platform designed to compete with established players such as Nordnet Bank AB and Saxo Bank. Jens Kindberg explains that the investment reflects Vaekstkapital’s ambition to bridge traditional and alternative investment markets. The firm, which is among Denmark’s largest providers of alternative investments to professional investors and family offices, manages assets across energy, real estate, forestry, credit, and private equity. Vaekstkapital expects its administrative arm, VK Administration, to double its current DKK 7.5 billion under management within the coming years. With this investment, Vaekstkapital strengthens its strategic position in fintech and takes another step toward integrating technology, transparency, and performance across its investment portfolio.