Participated · Seed · Nov 2024

Volter provides an operating system for rooftop solar products that serves commercial and industrial customers. Its platform offers automated billing and invoicing, customised insights and reporting, streamlined installation proposals, real-time operational performance monitoring, and industry benchmarking. The company plans to expand into energy services over time, becoming a platform for batteries, energy-usage optimisation, brokerage of renewable energy, and virtual power plants. Volter has raised $3.2M in pre-seed funding to build out product offerings, expand its customer base, and launch operations in a new European market. It is expanding its team and is planning for growth in 2025. Company leadership frames the product as enabling C&I property owners to manage and monetise onsite renewables and to create a new asset class from integrated energy assets.

Participated · Equity · Jul 2024

Arkion (formerly Skyqraft) is a Swedish provider of end-to-end cloud-based AI inspections for energy infrastructure, delivering visibility and actionable insights into grid owners' physical assets. The platform aims to reduce undetected defects and improve grid reliability and longevity. The company notes that today 90% of grid defects go undetected and that maintaining current reliability could cost an estimated $2 trillion by 2030. Arkion has raised an additional $4 million in the latest round, bringing total funding to over $10 million. The financing was led by Subvenio Invest with participation from Neptunia Invest, Antler and several business angels. Arkion plans to use the proceeds for continued product development to increase technical scalability and expand its market presence in response to growing demand.

Led · Equity · Sep 2023

Skyqraft's end-to-end cloud AI platform ingests sensor data—images, 3D point clouds, and thermal imaging—to detect up to 10x more grid defects than traditional methods. The platform sits between data collectors, operations, and field teams to help grid owners proactively manage risk, optimise uptime, and reduce maintenance budgets. Skyqraft says it has secured 15% of its home market and holds multi-year contracts with utilities, including E.ON, while running proofs of concept with major power grid owners. The company recently opened an office in San Francisco and is establishing a dedicated US team to support expansion across Europe and North America. An oversubscribed $3.8M financing will be used to advance its AI product, improve speed and quality, and accommodate larger clients. Skyqraft combines drones and machine learning to perform automated, high-volume inspections of electricity powerlines by gathering images and 360° video and detecting risks automatically. The system is designed to be safer, more cost-efficient and more environmentally sustainable than traditional helicopter- and crew-based inspections. Skyqraft says it can reduce a 25 km powerline inspection from two days to three minutes. Its customers include the three largest utility companies in Sweden, which jointly represent 85% of the Swedish market, and the company is negotiating larger-scale pilots in the U.S. with Iberdrola. Skyqraft will use the new capital to further develop its technology and expand operations across Europe and into the U.S. The company was founded in March 2019 and launched in September 2019. Skyqraft provides “smart” infrastructure inspections for power-lines by combining unmanned airplanes with AI to gather images and detect risk automatically. Founded in March 2019 and launched in September 2019, the company uses a uniform aircraft camera setup to streamline data acquisition and emphasizes data handling as a core advantage for its machine learning. Skyqraft says it has a contract with one customer that stopped using helicopters for yearly inspections and is running pilots with Eon, two Swedish municipalities and New York Gas and Electric. The company positions its service as safer, more efficient and more sustainable than traditional helicopter- and person-based inspections. Competitors are mainly quadcopter drone operators or ML-only firms; Skyqraft differentiates by flying its own aircraft and controlling the end-to-end data pipeline. It will use new funding to build further machine learning software, expand its map user interface, grow drone operation teams, and test new apparatus.

Participated · Series A · Mar 2022

Insurely offers an open insurance platform that lets insurers, banks and insurtechs access real-time insurance market data through a single point of integration. The product is designed to digitise insurance processes and simplify data access across carriers and financial players. The company counts Swedish customers including Avanza, ICA Försäkring, Lassie and Hedvig. Insurely was founded in 2018 and has built an easy-to-use solution for open insurance. Financially, the company has just closed a €19 million Series A to support growth. Management says the funds will be used to scale the business into new European markets. The firm plans to accelerate expansion with the U.K. and France among the first target markets. Insurely offers APIs and solutions for Open Insurance, enabling companies to build services for switching insurance contracts and embedding insurance into personal finance management apps. It provides white-labeled API solutions and an end-consumer app that supports almost a hundred thousand users by aggregating existing insurance policies, terms and costs. Several Swedish insurance players, including ICA Försäkringar and challenger Hedvig, use the platform. Launched in 2020 by Johan Forsman, Eric Sevelius, Martin Einemo and Lotta Rauséus, the company operates in Sweden and Norway and is headquartered in Stockholm. Insurely raised €2.5m in the current funding round and had previously secured €500k in pre-seed capital from angel investors. The company intends to use the new funds for recruitment and international expansion.