With their first round of financing, the start-up has now been able to prove that companies with a focus on sustainability are increasingly attracting investors. The funding will be used for the upcoming expansion into markets outside of Sweden but also to finance the development of new cleaning product alternatives

The company also welcomed new board members Fredrik Stahle, his colleague Johan Johnsson, Björn Jeffery, Max Leo Rodeck, and Fast Track Capital. With their valuable experience in retail, branding, and eCommerce, Skosh will be able to continue their mission of reducing much more plastic waste.

The young startup Skosh focuses on innovating daily cleaning products by reducing plastic waste, toxic ingredients, and CO2 emissions. Their reusable cleaning spray bottles and water-soluble tablets can be used as cleaning agents for the kitchen, bathroom, and other surfaces.

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Founded in 2017 by danish entrepreneurs, Victor Riparbelli and Steffen Tjerrild and with a team consisting of experienced researchers and entrepreneurs from UCL, Stanford, TUM, and Cambridge; the company has expanded to top markets such as the US and UK. In this Series-A funding round, Synthesia earned this deal from FirstMark Capital – who was an early investor in high tech companies that have now become big names in the market namely Pinterest, Airbnb, Shopify, Upwork, and Riot Games.

FirstMark is not the only one that contributes to the company’s growth; over the past four years, Synthesia has raised over € 13 million in venture capital from other big investors namely American billionaire entrepreneur, TV personality, and investor Mark Cuban.

The company aims to power the video-first internet where cameras are replaced with code and everyone can become a creator. Their focal mission is to change the future of media by making sure the AI-driven content generate system will be operated in an impactful and ethical way.

The funding will be used to upscale their AI video platform, which generates audiovisual content without the use of cameras, actors, or studios. Also, this investment money will also help the company gain more users, and expand their business to larger geographical parts of the US market.

Synthesia is headquartered in London and has offices in Copenhagen, as well as New York, Amsterdam, and Ljubljana.

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“Our wireless sensors collect data and so far it has helped many of our customers to make energy savings of 10-25 percent. The next natural step for us is to invest in data analysis so that we get a more comprehensive offer. But that means that we have a lot of development time ahead of us,” he told Rapidus.

Although the effect of the pandemic is still stagnating in some parts of their business, the CEO Erik Andersson believes that their energy-saving technology tool will help revive the company. He shares that the current order flow is the strongest ever.

SenseNode is a user-friendly Industry 4.0 IIoT platform that includes comprehensive energy mapping, visualization, and management. The tool helps businesses take the correct steps to reduce energy consumption, so they can save a lot of time, money, and grow towards becoming sustainable businesses.

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“We are incredibly grateful for the trust from our investors; they gave us the opportunity to deliver what we believe is the ultimate solution to the gene analysis field to potential customers,” says David Yudovich, co-founder of TIGERQ to Rapidus.

TIGERQ is a sample-to-analysis gene editing solution that combines proprietary sequencing algorithms with cost-effective and rapid turnaround sample processing services. The company works with commercialising services related to the Nobel-prize awarded CRISPR-Cas9 method.

Having spent years researching stem cells and their evolvement in the gene analysis field, David finds that all researchers face the same problem regarding the accuracy of their analysis. Thus, TIGERQ method was initiated to provide more precise analysis and minimize the risk of gene editing errors.

“We are very happy about the interest and support we have received with this investment. It is a fantastic result for a seed investment round for a company like ours that has such a complex technology. We will now be able to increase our sales efforts and product development to further validate our technology.” says David.

The company was established last summer and they will this funding to establish the sale department as they are expanding at a fast pace. The funding came from both Swedish and international investors.

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Their first product, Kurt – a built-in LED light and self-watering system, caught the attention of gardening enthusiasts as it was sold out within one week after their initial launch last September. Aside from this, our home builder found the best artificial grass contractor near phoenix if the said enthusiasts want to spruce up their gardens. Bugs are also unavoidable but you don’t need toxic chemicals to keep them away from your flower or vegetable garden. Instead, hire a pest control company like the ones at https://www.pestcontrolexperts.com/local/indiana/ that uses natural pest control methods.

Every year in Denmark, there is half of vegetables and herbs are thrown out because most Danes find it difficult to keep their plants fresh while growing at home. To prevent such issues, it might be wise to learn details like what is sodding.

“With our indoor garden, Kurt, it is easy for everyone to grow herbs. You only need to water once a month and the rest is taken care of by the built-in LED light and a self-watering system.” Peter Haurum, founder of NordicGrow says.

Kurt is designed for those who do not have a green thumb but are still interested in growing a green home. It is produced in Denmark, made with recycled plastic and oak wood leftovers. As the plants get all the light and water they need, gardeners can grow three herbs all year round with Kurt. Visit laweekly.com for more information about the best plants to grow indoors.

“The recycled plastic comes from Danish companies and we have among other things experimented with using plastic from Carlsberg and Novo Nordisk. When recycling plastic a lot less Co2 is emitted compared to making new plastic. The many different shades create a unique appearance which makes it apparent that every product is handmade.” Christian Ingholt Winther, product designer at NordicGrow says.

NordicGrow is going to launch a crowdfunding campaign on Kickstarter to gather more buyers, and from that, they hope to generate more revenue to set up a larger production and for this using California Industrial Rubber has conveyor belts that are good for any kind of custom rubber parts manufacturing . The company offers buyers a 20% discount when signing up on their website and paying 20DKK (~ 2.6 EUR) in deposit before the launch.

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“We are keen to get started on scaling up the manufacturing of our Lab-on-a-chip consumables and deliver to our early customers. The new funding allows us to make the necessary investments in process automation to bolster our supply of the product as we enter our go-to-market segment. We’re excited to have Luminate and all our previous investors on board providing their specialized expertise,” says Keenan Pinto, CEO & Co-founder of Nordetect.

Sharing his real experience with Nordetect, Mark Durno, Managing Partner, Rockstart AgriFood, expresses his interest in the future of Nordetect:

“Having personally managed both soil and hydroponic production, I know how important it is for farmers and growers to get access to accurate nutrient assessment for optimal plant growth and yield. We invested in Nordetect because they have further enabled existing wet lab chemical analysis by combining new technologies, empowering the customer to own this faster and more affordable technique as and when they need it.”

Founded in 2016 in Copenhagen by the founders Keenan Pinto and Palak Sehgal, they both have a solid background in bioengineering of plants, specifically in roots and flowers, and have spent years traveling across China, the U.S., and the Netherlands to develop the product. Keenan and Palak know that the usual process of collecting and testing soil and water samples is very time-consuming which would take up from 3 days to 3 weeks to get the result. Thus, Nordetect was invented as a one-click device and test kits that can test multiple nutrients simultaneously and get the most accurate result in a matter of minutes.

Nordetect is an analytical hardware company that produces Lab-on-a-chip devices for environmental and agricultural analysis. The company was founded in the hope to bring medical-grade technology to the farming industry. With Nordetect, farm managers, agricultural service providers, and indoor growers can remove risk and use valid data that is easy to understand and implement to ensure richer harvests.

The post Agritech Startup Nordetect Raises €1.2M Seed Investment For Portable Nutrient Sensor appeared first on Øresund Startups.

“We believe that launching an IPO in London will help us ultimately achieve our long-term goal as becoming a universal symbol of trust” says Peter Holten Mühlmann, Trustpilot’s CEO and founder

In recent years, the company has gained traction and reached a turnover of DKK 626 million (~ €84 million). However, in 2020, the actual expense was higher than the revenue as the company lost around DKK 75 million (~ €10 million). Thus, the decision of listing Trustpilot aims to allow the company to maintain the current growth and opens doors for future business expansion in bigger markets.

Having operated since 2007, Trustpilot has offered a free and easy-to-access review platform for more than 20,000 customers. The platform is reported to be capable of processing 1,800 terabytes of data per month, which is a key selling point that makes Trustpilot “an open platform where the true essence of customer’s review is prerequisite.”

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This round was bigger then planned, Sanctify’s CEO Oscar Dahlblom’s shares:

“We only expected to raise around SEK 5 million and estimated to close the first round during the spring of 2021, but our company has acquired a huge interest that we already managed to secure the funding and close the round. The current cash of over SEK 8 million ensures an 18-month long of developing and accelerating the technology that back Sanctify’s overall operation.”

Hugo Ljungberg believes this success comes to fruition thanks to the company’s unique data-driven investment strategy.

“It is undeniable to say that Sanctify has brought in very exciting technology to the fintech area and I see enormous potential in this technology. The Capital injection will enable Sanctify to enter the market faster with their state-of-the-art AI technology. I’m looking forward to more exciting ventures with the company in the future”, Hugo says

Besides this big financial achievement, Sanctify also recognizes major contributions from their newly added board members: Rickard Nygren, who has extensive expertise in managing software businesses namely Grade, and Hubert Warzynski whose experience related to many big names in the financial sector such as Citibank, Nordea, and Credit Suisse.

Sanctify is a fintech company that offers tools tailored for the new paradigm of sustainable finance. The company aims at developing high-performance, data-optimized AI tools for analysis of financial markets and sustainability. They have two offices, in Lund and Stockholm.

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