COPENHAGEN, DENMARK – The Danish tech firm Factbird, which provides clever, cloud-based know-how for the optimization of producers’ manufacturing traces, has as soon as once more landed a big multi-million-dollar funding. This time, it’s USD 16 million.
The cash comes from the English capital fund Expedition Progress Capital and Denmark’s Export and Funding Fund, EIFO. The funds will assist Factbird’s worldwide growth after its 2021 separation from consulting agency Emendo Consulting Group as an unbiased tech firm.
“We’ve skilled two implausible years within the possession circle of Factbird. Along with the homeowners behind the Emendo Group, we’ve proven that it’s doable to carry a software program firm out of a consultancy, infuse it with enterprise DNA, develop at rocket velocity, and entice worldwide progress capital. It has been implausible to see Factbird take form as an unbiased firm, and we stay up for the way forward for the corporate with the brand new co-investors,” says Jesper Lilledal, Accomplice, Direct Investments at EIFO.
David Olsson, Principal at Expedition Progress Capital, states, “One of many largest issues in manufacturing at the moment is the shortage of real-time operational knowledge. Factbird’s manufacturing intelligence options resolve that downside for each small and huge producers. There may be additionally enormous potential in combining knowledge from Factbird with the newest machine studying and AI know-how, which could be a part of the answer to the challenges that manufacturing firms face at the moment and sooner or later. As an funding firm with a give attention to fast-growing European software program firms, we couldn’t be prouder to collaborate with the crew at Factbird and make them our first funding case in Denmark.”
Speedy Progress in Germany, England, and the U.S.
Factbird has grown by 300 % since 2021. The shopper portfolio at the moment counts greater than 250+ firms throughout the pharmaceutical, packaging, industrial tools and gadgets, and meals and beverage industries throughout the important thing markets within the Nordics, USA, Germany, and England.
“We’ve taken the subsequent step and are hungry for extra. Once we look past our key markets, we see traditionally robust manufacturing nations that depend on digital options to remain aggressive greater than ever. Our ambition is that, by means of our distinctive lean know-how, we assist firms turn into extra environment friendly with out resorting to an outsourcing technique.” says Søren Schønnemann, CCO and Accomplice at Factbird.
Stays True to Its Values and Rewards Workers
Regardless of its large progress and standing as a scaleup, Factbird consciously sticks to its startup DNA. That is expressed, amongst different issues, by way of a warrants program and worker shares.
“Warrant applications are right here to remain. From the start, we needed to share our success with our staff. All full-time staff are concerned in this system, and it means all of us have a stake within the success of Factbird. Once we succeed on this journey, it’ll have an effect on us all. For some, the worth would be the down cost on a home, and for others, it’ll maybe be the springboard for a brand new startup.” says Peter Savnik, CPO and Accomplice at Factbird.
Press contact
Søren Traumer Schønnemann
Chief Business Officer and Accomplice
+45 51 55 85 15
sts@factbird.com
About Factbird
Factbird is a pioneering supplier of Manufacturing Intelligence Options. With a give attention to real-time knowledge assortment and evaluation, Factbird empowers firms to optimize operations, scale back downtime, and increase productiveness. For extra info, go to their web site.