COPENHAGEN, DENMARK – The Danish tech firm Factbird, which provides clever, cloud-based expertise for the optimization of producers’ manufacturing strains, 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 Development 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 now have skilled two improbable years within the possession circle of Factbird. Along with the homeowners behind the Emendo Group, we have now proven that it’s attainable to elevate a software program firm out of a consultancy, infuse it with enterprise DNA, develop at rocket pace, and appeal to worldwide progress capital. It has been improbable 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, Associate, Direct Investments at EIFO. 

David Olsson, Principal at Expedition Development Capital, states, “One of many greatest issues in manufacturing immediately is the shortage of real-time operational knowledge. Factbird’s manufacturing intelligence options remedy that drawback for each small and huge producers. There’s additionally big potential in combining knowledge from Factbird with the most recent machine studying and AI expertise, which could be a part of the answer to the challenges that manufacturing corporations face immediately and sooner or later. As an funding firm with a concentrate on fast-growing European software program corporations, we couldn’t be prouder to collaborate with the crew at Factbird and make them our first funding case in Denmark.”

Speedy Development in Germany, England, and the U.S.

Factbird has grown by 300 % since 2021. The shopper portfolio immediately counts greater than 250+ corporations 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 now have taken the following step and are hungry for extra. Once we look past our key markets, we see traditionally sturdy manufacturing international locations that depend on digital options to remain aggressive greater than ever. Our ambition is that, via our distinctive lean expertise, we assist corporations turn out to be extra environment friendly with out resorting to an outsourcing technique.” says Søren Schønnemann, CCO and Associate at Factbird.

Stays True to Its Values ​​and Rewards Staff

Regardless of its huge progress and standing as a scaleup, Factbird consciously sticks to its startup DNA. That is expressed, amongst different issues, through a warrants program and worker shares.

“Warrant applications are right here to remain. From the start, we wished to share our success with our workers. All full-time workers 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 is going to have an effect on us all. For some, the worth would be the down fee on a home, and for others, it is going to maybe be the springboard for a brand new startup.” says Peter Savnik, CPO and Associate at Factbird.

Press contact

Søren Traumer Schønnemann
Chief Industrial Officer and Associate
+45 51 55 85 15
sts@factbird.com

About Factbird

Factbird is a pioneering supplier of Manufacturing Intelligence Options. With a concentrate on real-time knowledge assortment and evaluation, Factbird empowers corporations to optimize operations, scale back downtime, and enhance productiveness. For extra info, go to their web site.