Lund-based Nordic Forestry Automation (NFA) has closed a financing round totaling €4.3 million (SEK 48 million). The investment amount represents one of the largest ever in a forestry technology startup in Sweden. The investment is led by Navigare Ventures and Almi Invest Greentech.
In connection with this round, Almi Invest Greentech and LRF Ventures become new minority owners of NFA. All existing owners, Navigare Ventures, Sveaskog, Södra Skogsägarna, and Almi Invest Syd, are following up on their initial investments in NFA.
”The development of operator support and automation is moving rapidly forward across all vehicle types, and NFA is leading the way in forest machinery. Succeeding in physical AI requires a highly competent team, vast amounts of training data from real production environments, and long-term financing. In our vertical, we are now uniquely equipped with a strong position across all these pillars,”
says Lars Svensson, CEO and co-founder of NFA.
NFA’s proprietary software provides forestry machinery with the unique ability to measure trees in real time, continuously supporting the operator during execution. Today, NFA’s first product, an operator support system for thinning, is deployed on forestry machinery in real-world commercial operations across 7 markets on three continents. During 2025 and 2026, development and testing commenced for next-generation products, which include tree species identification, stem shape measurement, and semi-automation.
“Through its technology, NFA delivers direct customer value with clear efficiency gains in a large market. At the same time, the solution provides substantial climate benefits to forestry, with increased volume growth and better resource utilization of the harvested forest,”
says Erik Madeyski Bengtson, Investment Manager at Almi Invest GreenTech
