Factbird Raises $16 Million in Funding

by Kay Aloha Villamor in November 27th, 2023

Factbird, a Copenhagen, Denmark-based tech company providing intelligent, cloud-based technology for the optimization of manufacturing production lines, has secured a $16 million investment in funding.  

SaaS Investors  

The investment round was led by Expedition Growth Capital and Denmark's Export and Investment Fund (EIFO).   

Founded in 2023, Denmark's Export and Investment Fund is a venture capital firm based in Copenhagen, Denmark. The firm seeks to invest in small and medium-sized export companies across Denmark.  

Factbird Use of Funds  

The funds will support Factbird's international expansion.   

About Factbird  

Factbird is a provider of manufacturing intelligence solutions. With a focus on real-time data collection and analysis, Factbird empowers companies to optimize operations, reduce downtime, and boost productivity. The customer portfolio includes over 250 companies across pharmaceuticals, packaging, industrial equipment, food, and beverage, with a presence in the Nordics, USA, Germany, and England.  

Funding Details          

Company: FACTBIRD ApS  

Raised: $16.0M   

Round: Unknown  

Funding Month: November 2023          

Lead Investors: Expedition Growth Capital and Denmark's Export and Investment Fund (EIFO)  

Additional Investors:   

Company Website: https://www.factbird.com/   

Software Category: Manufacturing Intelligence Solutions

Source: https://www.factbird.com/news/expedition-growth-capital-and-eifo-invest-16-million-in-factbird-to-boost-international-growth  






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