SEED Capital makes technology investments broadly within software, mobile, hardware and industrial technologies. It is often in the mix between known solutions and new technology or between known technology and new challenges that unexpected opportunities arise, and we would rather be surprised than discard solutions not within our target focus.
Super Light Concrete Structures
Abeo has developed a cost-efficient concrete technology and building method consisting of a skeleton of medium to strong concrete in combination with an external layer of very light concrete.
Abeo improves the strength of a concrete construction while cutting the overall weight in half, which lowers material costs and reduce CO2 emissions from production, transport and construction. The technology can be applied in most concrete buildings and structures.
Peer to peer network platform
aHandyHand wants to systematize and categorize the market for services and tasks. aHandyHand aims at establishing themselves as the central peer to peer network platform for delivery of help and assistance with any task, for all clients, by all capable providers.
Private individuals and households often need help with smaller tasks such as babysitting, installing or troubleshooting new IT/technology purchases, gardening and educational assistance etc. Traditionally, individuals would recruit a person, willing and capable of completing the task, from their network of friends or family or by posting an ad on the bulletin board in the local supermarket. aHandyhand wishes to make it easier for people in need of services and people who offer services, to find each other. For providers, aHandyHand promises to turn unused time into cash and for clients, aHandyHand offers a user-friendly and manageable platform for getting tasks done.
NOx exhaust removal from diesel vehicles
Amminex ET's core technology is called ASDS - Ammonia Storage and Delivery System. It allows ammonia to be safely, chemically stored in metal ammine complexes with the same volume metric capacity as pressurized liquid ammonia, which in turn can help drastically reduce NOx from the exhaust of diesel vehicles. NOx is a toxic air pollutant participating in formation of smog, ozone layer depletion and acid rain.The ASDS can also be used to supply hydrogen or ammonia to fuel cell systems.
A number of laws have been passed both in the EU and the US, setting limits for NOx levels in exhaust. Amminex ET's solution removes NOx from exhaust accommodating these laws and greatly benefitting the environment.The possibility to use the ASDS technology to store hydrogen as ammonia also provides an opportunity to use an extremely clean, carbon-free and renewable energy source in a variety of ways.
Co-investors: Nordea-Foundation (DK), Faurecia Exhaust International (F)
Bellmetric has developed an algorithm, which makes it possible to document the coherence between online activity and incoming calls through the Bellmetric CallTracker.
Companies with complex products such as insurance, banking, telecom and travel often rely on inbound calls to finalize sales. Phone leads are vital for sales and therefore for the companies’ marketing divisions. Call Tracking allows marketing departments with a multi channel setup to extract data regarding the efficiency of various online (and offline) marketing efforts lead generation; thereby increasing the efficiency of their marketing efforts. The Bellmetric CallTracker allows call centers to gain live and historical information on a caller’s activity on the company’s web page. This enables call centers to route calls intelligently based on business area, sales staff effectiveness and customers history; ultimately increasing the conversion efficiency of the call centers.
Media analytics platform
Blackwood Seven has developed the world’s first automated media allocation platform.
Blackwood Seven's platform allows advertisers to plan and execute campaigns across all media groups on the basis of performance data. The company’s vision is simple – to give insight and power back to advertisers.
Printing in 3D
As a common (2D) printer prints on paper a Blueprinter 'prints' 3-dimensional objects based on 3D CAD computer models.
Blueprinter creates an easy-to-use and robust office machine that prints precise high quality models with no post processing requirements. Their offering is highly competitive compared to existing solutions.
Online bus rental
Bookingabus.com is the world’s first online portal for bus rental. Bookingabus.com provides customers with a choice between several reliable bus operators, instant pricing based on the costumers needs and the opportunity to book rental busses from anywhere at any time.
Today costumers and bus operators communicate through traditional channels like phone or email. This process is time-consuming and makes comparison between operators nearly impossible. Today 75% of all hotel and airline travel is booked online, while only 1% of bus rentals are carried out. Bookingabus.com wishes to change this.
Bookingabus.com offers their costumers a range of choices between operators, instant pricing and transparent operator presentation. Furthermore, the costumer now has the opportunity to book outside office hours. The operators are offered online presence and an expansion of costumer segment, while saving time on answering requests.
Bownty is an aggregator of deals - meaning offers limited in time or numbers. They gather and sort deals from more than 100 european dealsites, which are then passed on to consumers via bownty.com and partnership sites.
The number of dealsites has exploded over the last period making it virtually impossible for the user to maintain an overview. The consequence being that users risk missing out on the best or most relevant deals. Bownty is the answer to this concern. With Bownty users get an overview of all deals and the possibility to receive only a specific number of deals.
Web banking protection services
Codesealer has developed a patented sealed code technology, which makes it practically impossible for cybercriminals to operate. The technology pushes out a unique and frequently changing java-applet to the user upon login making the window of opportunity for the trespasser extremely narrow.
The banking industry loses 1 billion $ every year to cyber criminality despite spending more than 7 billion $ attempting to prevent it. Codesealer help banks to reduce losses from cybercriminals with at least 50%. Additionally Codesealer is implemented in the bank's infrastructure and is therefore invisible for the user.
Dealcircle aims at providing investors and business angels with a networking platform on which they can introduce and share recommended investments with each other. Dealcircle cultivates a closed community, which enables investors to work with trusted peers, accelerator programs and top business angels.
In EU alone, business angels invest EUR 5.1 billion each year. Many of these investors prefer trusted networks involving a minimum of exposure, which is what Dealcircle offers. Dealcircle is a private network of trusted individuals, where investment opportunities are shared and recommended to potential co-investors. The platform provides investors with tools to lessen the work associated with startup investments and makes co-investment easier.
Dealcircle is international from launch and provides cross border legal paperwork - thereby making cross border investments possible to the entire Dealcircle community. Furthermore Dealcircle will provide startup match making, high deal flow quality and trusted peers with the capital and the necessary skills.
Social media marketing
Deskwolf offer a ”social media marketing” service to Small and mid-sized companies in the Business-to-Consumer space. Deskwolf has built a user-friendly CMS-system, that lets ordinary, non-technical users edit and manage their Facebook pages. The system allows customers to set-up and manage a series of ”apps”, for running contact forms, competitions, e-mail signup, coupon deal features, etc. on their Facebook page.
Today, SMB’s in the Business-to-Consumer space mainly generate new business via word-of-mouth, marketing in local papers, yellow pages and websites. Facebook offers new, more cost-efficient and measurable ways to reach a specific target audience, build on-going relations with customers and potential customers and gather personal data on a target audience. For small businesses with limited sales- and marketing resources and expertise, creating and managing a professional and effective Facebook solution is complex and as technically demanding as building a website. Deskwolf’s service is a pre-packaged ”turn-key” Facebook solution, aimed at serving the needs of SMB’s.
Social sportstracking community
Endomondo provides an online service for tracking, monitoring and coaching your physical activities such as running, biking, walking, skiing etc. It further provides an online community for sharing results and challenging friends as well as a mobile app that can track results real-time using the built-in GPS as well as coach the user with lap times and music. The app is available on all major mobile platforms.
It is always more motivating and fun to do sports if you can track your progress and if you can do it with others to support, coach and challenge you. By providing a platform for tracking activities as well as sharing and challenging friends Endomondo help users stay motivated towards physical activities. Something of great focus in most western countries.More than 10 million people have downloaded the mobile application.
Co-investors: Several Business Angels
Hardening of metals
Expanite has developed a fast and cost-efficient process for superior surface hardening of stainless steel. The solution works by dissolving nitrogen or carbon atoms into cavities in the crystal structure of the steel.
Stainless steel products that have been hardened by the Expanite technology has up to 100x better lifetime, they have better corrosion properties, and they are virtually impossible to scratch. Further, Expanite’s technology is not restricted by the size of the product benefitting from the hardening.Expanite is currently testing their solution with international companies.
Telephone solution for small and medium sized enterprises
Firmafon provides a telephone solution for small and medium sized enterprises. The solution works as a web-based switchboard (virtual PBX) integrated with a mobile virtual network operator (MVNO) and is executed as a simple and intuitive web based user interface (SaaS).
Firmafon's solution provides smaller sized enterprises with telephone features that would normally only be available for larger companies. The solution is very price competitive and very user friendly.
Gasp Solar has invented a technology for a high-efficiency solar cell based on standard silicon solar cells, on which nanowires made from gallium-arsenide-phosphate (GaAsP) are grown. The combination of the two materials results in a tandem junction solar cell, which means that the solar cell can transform two different parts of the sunlight’s spectre into energy.
The solar cell will have an energy conversion efficiency of 35% enabling effective use of solar cells on mobile devices.
solar panel solution
GreenGo Energy is an energy company offering its customers significantly lower electricity bills and a greener profile.
The business model is based on a full-size service concept, where electricity is produced by solar panels placed on the customers’ roofs, while GreenGo Energy takes care of everything related to the product – installation, maintenance, and financing. Customers are cash-positive from day 1 and are guaranteed a minimum production level for 30 years.
Focusing on large scale customers GreenGo Energy has a reference list including major property owners, housing associations and several Danish municipalities.
Industrial Electrical Vehicle
IEV has developed an industrial electrical vehicle enabling postal services to significantly increase effectiveness of mail delivery. The vehicle will be able to service routes of 30 to 60 km and have a load capacity of 240kg.
Postal services around the world are experiencing a steady decline in postal volume as a result of e-communication and public digitalisation. As a result of the decline in postal volume the national postal services are undergoing a major structural change requiring them to change many of the basic principles for delivering mail. The industrial electrical vehicle will enable postal services to reap significant savings on fuel and maintenance compared to the currently employed commercial gasoline fuelled scooters.
Automated visual quality control System
Ivisys has developed an automated visual quality control system, which is to be used to ensure optimal quality control of manufactured parts and products. Ivisys’s innovation is a flexible machine vision solution that covers a wide area of industrial quality control applications.
Ivisys’s novel solution significantly improves performance, flexibility and robustness compared to today’s machine vision solutions and it allows for quality control of more complex and advanced components. The system enables customers to automate quality inspection tasks previously impossible to automate, which will lower the quality control costs and secure consistent and higher quality output. Ivisys’s solution can be used in multiple industrial contexts.
Training solutions for endurance sports athletes
Leikr develops stylish GPS watches build on an open platform with integrated downloadable services.
Current GPS watch offers are limited and clunky and run on generic proprietary platforms in closed ecosystems.
At the same time on-line communities are growing at a fast pace and the most popular ones, like Endomondo, SportsTracker and TrainingPeaks, can count a consumer base of several millions.
Leikr delivers a complete training solution for the modern endurance sports athletes and amateurs. Through a range of small, full featured, elegantly designed sports watches that are easy to operate, Leikr will deliver a personalized training experience.
Libratone designs and develops wireless loudspeakers that stream music and audio wirelessly in excellent quality from which ever unit contains the user's music library (e.g. Apple iPod/iPhone/iPad, Mac or PC). Libratone speakers bring back the notion of high quality audio to the world of portable devices and adapt the audio experience to the way consumers live today.
Libratone provides a user-friendly wireless solution with great sound quality and strong appeal to design oriented buyers. Mixing different areas of expertise, from audio technology to design, Libratone aims to bring out the best of Scandinavian design and acoustic performance.
Light Extraction has invented a method to grow nanostructures on LED- substrates. This is done by use of equipment, LED-manufacturers already use in their production lines. The time- and cost-efficient solution is aimed at reducing internal reflection in LEDs, which today causes 75% of the energy in high-performing LEDs to be lost as heat instead of producing light.
The light efficiency of LEDs increases dramatically when the internal reflection is reduced. Consequently, it is possible to either increase the amount of light emitted from LEDs or to decrease the energy input. Furthermore, the lifetime and quality of LEDs is also improved, since heat is the most important factor determining their lifetime and performance.
Mofibo offers a subscription based book service, making thousands of book titles available for consumers, for a low monthly fee. The Mofibo platform allows book lovers to access novels, fiction, children’s books and many more from their tablet, computer and smartphone.
Today, being a book reader has many drawbacks. It is expensive and the discovery process in bookstores leaves much to be desired. With Mofibo there is no more waiting lists and unavailable books at the library. Subscribers will have unlimited access to thousands of interesting books and can now read on the way to work, on the beach and in their favorite chair in the living room. Mofibo also features a social element allowing people to share reading lists and discover what other people are reading and recommending.
MYTRND has developed a platform that aggregates and curates lookbooks from the fashion industry. MYTRND allows fashion brands and buyers to engage with each other in a much more meaningful way than any existing alternative.
The fashion industry typically meets 2-4 times a year at trade fairs and fashion shows. Previous to these gatherings fashion brands have produced lookbooks to present their styles. Subsequently, buyers spend a significant amount of time getting an overview of products and trends and figuring out what to buy. The MYTRND platform allows fashion brands to be discovered and connected to thousands of professional fashion buyers including boutiques, department stores and web shops from all over the world.
Napatech develops and markets advanced programmable network adapters for network traffic analysis and application off-loading. Use of FPGA technology and easy-to-use software driver interfaces allows for fast integration and an excellent migration path to Ethernet connections speeds.
With increases in network traffic and Ethernet connectivity speeds, the capabilities of standard network monitoring systems have difficulty providing accurate and reliable measurement and analysis solutions. Napatech offers the technology that delivers hardware acceleration and server off-load increasing the OEMs' ability to maintain their competitive advantage. Napatech has customers worldwide and offices in Denmark and USA.
Co-Investors: Northzone Ventures, Ferd Venture
Digital signing of documents
Penneo has developed an electronic signature solution that enables companies to procure legally binding documents from stakeholders. The costumer uploads the document that needs signing and invites the other party to sign. If the invitation and content of the document is approved, Penneo places a legally binding signature on the document using an electronic identification system (in Denmark this is Nem-ID) and provides both parties with a signed PDF copy.
Each year billions of documents are sent between companies and their stakeholders to secure legally binding signatures. This method is slow and expensive for both company and stakeholder. The electronic signature solution developed by Penneo speeds up the process and is cost effective, saving companies the process of printing, manually signing and scanning all the documents involved. Penneo is online based which removes the need for expensive delivery services. Furthermore Penneo provides companies with a storage solution that saves every signed document at a single location and ensures their safety.
wireless sensor system
Sensorist is a range of small wireless sensors collecting measurement data about your environment. The measurement data is transferred to the Cloud and the user can then access it via an App or an Internet browser.
The sensor system allows users to measure the things they care about in and around their private homes or businesses. Real-time and historic measurement data can be visualized and explored in a user-friendly way on-the-go and the user can e.g. receive alerts when something unexpected is happening. Sensorist’s first solution is a wine cellar application, which allows users to track temperature and humidity development, to use automated surveillance service to protect wines and to estimate maturity of wines.
Secure cloud storing
Sepior has developed a Key management System that can solve the problem of security for people storing data in the cloud. The solution consists of an application programming interface and a key management solution
Today more than 50 % of all companies use cloud computing and applications based on cloud computing. However, cloud computing entails a number of security breaches, which put company data at risk. The system developed by Sepior allows users to continue using their preferred applications e.g. ICloud, Dropbox, Google drive and does not require infrastructural changes. Sepior offers a secure way of storing data in the cloud with minimal interference.
SiOx has invented a technology that can combine the properties of glass and metals by applying a thin film layer of glass on metal surfaces. This technology combines the desirable inert properties of glass with the desirable ductile properties of metals resulting in a corrosion resistant material. The technology can successfully be applied to all applications where corrosion protection is necessary. Initially, SiOx will focus on the market for heat exchangers.
The technology allows for the manufacturers to produce metal that has high strength and is easy to handle, while also being corrosion resistant and having a low drag coefficient. This will enable manufacturers to substitute expensive corrosion resistant metals with cheaper corrosive metals.
Today, heat exchangers are made with stainless steel or titanium. SiOx’ technology lets manufacturers replace these materials with aluminium, which is four times cheaper than stainless steel and has a heat conductivity, which is ten times higher. The technology can therefore drastically lower the production costs for heat exchangers.
SporterPilot has developed a sports applications for TV sports broadcasters, online sports content distributors, stadiums and betting agencies, which allows sports fans to customise and enhance the digital sports experience. With SporterPilot, sports fans can choose what they want to see and when and how they want to see it, and be supplied with a series of unique recommendation tools that give them instant appraisal of all live and pre-recorded sports action. The SporterPilot application is based on a process through which sports-specific algorithms are applied to sports metadata and live TV feeds in order to filter, evaluate, and customise to each sports-fan's demands.
The technology developed by SporterPilot allows sports fans to receive an enhanced, fulfilling and personalised sports experience, which supports traditional TV media by delivering a wide range of new interactive tools. SporterPilot lets consumers follow their favourite teams, leagues and players simultaneously, while also being able to interact with live and post game sports videos and supporting statistics.
Surface engineering for excellent wear resistance
TRD Surfaces has developed a new technology for hardening steel surfaces. Through a gaseous process, TRD Surfaces modifies the surface of steels by growing an extremely hard and wear resistant layer consisting of carbides or nitrides. The obtained surface hardness can exceed even that of synthetic diamond-like coatings.
TRD Surfaces offers products with superior wear resistance and lower costs as a substitution for the high cost products used at the moment. TRD Surfaces improves lifetime of components and reduces downtime thereby lowering operating costs. At the same time TRD Surfaces offers cost reduction through the use of lower cost base materials than existing not surface treated alternatives.
The technology behind TRD Surfaces has the potential to replace the existing alternatives and open up new markets due to the superior properties of the product.
Online reputation management
Trustpilot is a web portal where consumers rank companies based on their customer service. Besides ratings done via www.trustpilot.com rankings of companies is gathered through information from governmental sources, consumer organizations, media coverage and all ratings and customer reviews on shopping portals, price comparison sites, blog discussions etc.
The Trustpilot service facilitates the trust building process between vendor and consumer, which creates a more comfortable environment for consumers to shop in. Trustpilot offers vendors a partnership package which they can use to actively work with Trustpilot as part of their website and sales cycle.
Vivino is a mobile app which can recognize wine labels via image recognition among millions of existing wines on the market. It provides an easy and fun way of rating and storing wine experiences – and sharing these with friends.
Most wine consumers have found themselves at a dinner party or in a restaurant drinking a wine that they really like - and would like to buy for future consumption, but rarely has this resulted in an actual purchase. This is partly due to a very fragmented market with a huge number of producers and a very large number of importers, distributors and vendors.
Vivino bridges the gap between tasting a great wine and buying it - when the impulse to buy is strongest.
Social network gaming
watAgame produces, publishes and operates the social network game goSupermodel - a fashion themed game that allows its users to style their own model character. Characters can interact with their peers in the virtual fashion community, attend photo-shoots, dance competitions, design their own clothing lines and make new friends. WatAgame uses moderators and a sophisticated safety software system to ensure a safe and wholesome experience for the users.
goSupermodel is aimed at 10-16 year old girls and the key focus is personal expression, creativity and imagination. By earning (playing) or purchasing points the girls can add features, clothes, etc to their online avatar. Additionally watAgame's revenue is based on advertising.5 million unique visitors visit goSupermodel every month from 8 different countries.
Co-investors: Vækstfonden, Accel Partners
Wind turbine optimisation
Windar Photonics has developed a sensor, WindEye that measures the wind's direction and speed up to 100 meters ahead of the wind turbine. This gives the turbine time to adjust its position and angles of its wings in due time to be optimised for changing wind conditions.
Windar Photonic's WindEye provides wind turbine owners and manufacturers with a 3-5% increase in power production as well as a 10% less stress on the vital components of the wind turbine.
Co-investors: Several business angels