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.
Admzaly has developed an ad retargeting platform (ads targeted at people who have already visited a company's website) that is easy to use and requires no integration with the online retailer’s infrastructure. The technology analyzes the online retailer’s website and suggests relevant ads which the marketing responsible can then edit before activating and then manage much like Google Adwords.
Online retail is booming and therefore online marketing is as well. However online retailers are faced with the issue that only 2% of visitors actually make a purchase. Marketing via retargeting is an efficient way of regaining ‘lost’ customers but current systems are expensive, complex and cumbersome, making them only relevant for very large online retailers.
Admazely offers a simple system for all SME online retailers, that is both easy to set up and manage.
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)
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.
Treatment of ballast water
BAWAT has developed an easily applicable technology for de-oxidation of ballast water in ships’ ballast tanks eliminating all living microorganisms from the tanks.
Ballast water spreads organisms to eco systems where they are not natural inhabitants. To stop this from happening the International Maritime Organization (IMO) is in the process of passing legislation that requires ship owners to clean ballast water from virtually any living organism. BAWAT offers ship owners an effective, very price competitive and reliable solution for accommodating this legislation.BAWAT has been awarded a grant from Den Danske Maritime Fond
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.
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.
Clean Label Stock
Based on a cost efficient, environmentally friendly technology using soup bones as a basis, Carnad produces high quality stock for the global food industry.
Carnad’s products consist of pure meat containing no artificial ingredients – also known in the industry as clean label products. Clean label is increasingly in demand by consumers and therefore also by the industry.
Furthermore - due the high level of meat - the stock is rich in umami flavour and transforms the currently obtainable flat and salty taste profile into a full and rich taste profile;.
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.
Visual configurations software
3Dfacto has developed a web-based application platform for visual configuration of complex products and systems - VirtuBUILD™. The solution converges logic configuration and geometric configuration into a single application platform, which can be integrated with both third party CAD packages and back office systems.
3Dfacto helps companies optimize and manage their quotation processes efficiently from client need assessment to manufacturing by providing a solution that delivers a state-of-the-art user interface including real-time three-dimensional viewing and manipulation of the solution during configuration. The solution will help lower quotation lead-time from weeks to minutes, while saving on quotation management resources and eliminating manual errors.3Dfacto cooperates with more than 10 major companies in the manufacturing industry including ABB and Danfoss.
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.
Software for chip design
Nangate has developed a tool suite of Electronic Design Automation (EDA) software solutions, which increases the efficiency of digital Integrated Circuits (IC) to levels previously only achievable with extensive manual efforts and very large design teams.
Nangate's tools enable custom tailoring of digital cell libraries to meet specific design targets. Cell libraries can be optimized for design goals such as power consumption, die area, operating frequency or required yield. The result: Improvements in IC performance can be achieved at much lower cost and with considerably less effort than using full-custom design methods.
Co-investors: Sunstone Capital, Northcap Partners
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
Pion Imaging Systems
Real time grading solution
Pion Imaging Systems has created LiveGrader, which is a real time grading solution to be used for grading live broadcast productions on TV and Web. The unique advantages of LiveGrader are all linked to very common, technical problems related to live studio or live on-location broadcasts. LiveGrader can adjust color balance, shadows, exposure level, sharpness, noise, aliasing, color saturation, contrast and more.
Live Grader can as the only product in the world correct, grade and improve Live TV productions while they are produced. Today, all TV Productions, with the exception of direct TV on location, are corrected, graded and improved postproduction.
Pion Imaging Systems’ LiveGrader now gives the same options for Live TV in real time.
‘Software to cloud’ conversion
Roozz.com has developed a technology that can convert the vast majority of existing software applications and PC games to run directly in the browser without getting access to source code.
The global market for software is experiencing a disruptive change from packaged software towards cloud based software (software available via the web). This leaves a vast catalogue of already released software almost obsolete. Roozz offers to convert the stand-alone software application to a cloud-based solution in a quick and seamless fashion and to charge for the use of the software in a variety of ways on behalf of the software owner.More than 150 applications have already been Roozzified.
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.
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.
Business network for electronic document exchange (EDI)
Sproom is a business network, bringing together electronic structured exchange (EDI) of orders, invoices, notices, etc. between buyers and suppliers. The technology brings together the many different national and international carrier networks into one large network and is in contrast to other solutions able to 'translate' an invoice, depending on the recipient's specific requirements.
EDI has for a while been solely for large organizations, since purchasing the solutions are both expensive and complex. For small and medium enterprises the potential savings in time and money do not match the costs, and therefore EDI solutions only reach approx. 20% of their customer's supplier-network. Customers do not get full value of their investment because they cannot switch exclusively to digital processes - and the operators have only half the potential traffic. Sproom makes EDI available to all types of businesses by establishing an exchange platform that binds a global business network together, removing barriers for sending and receiving business data electronically. It gives small businesses access to a fully digitized EDI system with improved cash flow management and traceability to follow and provides larger organizations with full value for their dearly purchased EDI solutions, which now cover all their partners.
Co-investors: Accelerace Invest
Interactive multimedia storytelling
StoryPlanet is a platform that is able to support practically any kind of interactive story and work across channels (mobile, desktop and cloud). The platform allows the user to specify how multimedia content such as photos and video along with story apps, themes and effects should behave in a story. The platform is device agnostic and requires no programming skills to use.
The market for storytelling is enormous considering the amount of linear single-media content generated online at sites like YouTube, Flickr and Blogger. However current tools for interactive multimedia storytelling requires users to obtain or buy significant programming skills. StoryPlanet offers a free platform that allows non-technical users to produce and share stories.
Co-investors: various business angels
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 Shopping Community
Wantr has created a social shopping community offering consumers a coherent shopping experience that simplifies product discovery and expedites decision-making. Wantr is a platform for sharing interesting products ranging from design and apparel to gadgets and home décor. Users not only post interesting buys, but also where the item can be found and at what price.
Wantr offers a solution that combines the discovery and sharing experience with the transparency of price comparison. Wantr offers their users a place where they can get together with other people, who are passionate about the same kinds of products as them, and in unison find the best place to buy them.
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 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 solution 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