SynergyXR Secures €2 Million Investment to revolutionize industrial XR solutions
Danish software company SynergyXR has secured a €2 million investment from Finnish industrial technology-VC, Kvanted, alongside their existing investors. The investment is a targeted boost to help SynergyXR secure topline and bottom-line growth as a preferred XR and spatial computing software provider to industrial companies throughout the Nordics and the United Kingdom.
The next ‘Industrial Revolution’ of the manufacturing, process, and production industries – also known as the Digital Transformation – is well on its way in the Nordics and the United Kingdom.
Danish software provider, SynergyXR, is at the forefront of this transition, with XR and spatial computing technology becoming popular tools for companies to start or scale this process.
Driving transformation with innovative XR–tech
Finnish VC Kvanted recognizes the potential of this technology. Subsequently, Kvanted – and a group of existing SynergyXR investors – have just invested €2 million in the Danish scaleup.
Kvanted specializes in investments in technology companies that improve and disrupt the industrial value chain and shape society for the better, and SynergyXR is a perfect fit for this mission.
“We are thrilled to fuel the fire of innovation by partnering with pioneers who redefine the limits of software and hardware. SynergyXR is not just creating technology; they are crafting the future of industrial digital transformation. Its proven software solution will likely revolutionize manufacturing, offering unparalleled opportunities to improve the safety and development of employees, while at the same time making industrial processes more efficient. This is the kind of tangible, transformative value we are excited to support,” says Eerik Paasikivi, Founding Partner of Kvanted.
Proven technology attracts investors and market interest
Digital transformation is important because it allows organizations to adapt to ever-changing rules and regulations, as well as continually helping organizations improve and innovate.
More importantly, it is a competitive advantage, according to SynergyXR CEO Mads Troelsgaard. Likewise, he argues that the company’s industry-proven technology is a competitive advantage:
“In today’s dynamic digital landscape, transformation is not just about staying relevant; it is about seizing the lead with technology that’s already proven its worth. Despite a tightening investment climate, our ability to not only retain our trusted investors but also welcome Kvanted into our circle is a testament to our vision’s strength and our technology’s impact. This partnership marks a pivotal step towards accelerating our growth across the Nordics and the UK – and Northen Europe and the US, as well – setting new benchmarks for success in our industry.”
Facts and figures
- The total investment equals €2 million or approximately DKK 15 million.
- Lead investor is Finnish industrial technology-VC Kvanted (www.kvanted.com).
- Additional existing investors are EIFO, Innovester, North-East Ventures and AURA Ventures.
- SynergyXR’s goal is to secure significant topline and bottom-line growth.
- XR (Extended Reality) is a broad umbrella term that encompasses spatial computing technologies, including virtual reality (VR), augmented reality (AR), and mixed reality (MR).
