Finland’s Kvanted leads €2M investment in Danish SynergyXR

Danish startup SynergyXR has secured a €2 million investment from the newly launched Finnish investor Kvanted. The capital injection will support the development of the the startup’s XR-driven industrial transformation solution.

  • Founded in 2020 by Mads Troelsgaard (CEO), Sune Wolff (CTO), and Thomas Fenger (CXO), SynergyXR is a no-code, cloud platform that lets companies train, onboard, sell, and support employees across all XR devices without writing any code.
What is XR (Extender Reality)?

XR (Extended Reality) is a broad umbrella term that encompasses spatial computing technologies, including virtual reality (VR), augmented reality (AR), and mixed reality (MR).

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 Europe and the US, as well – setting new benchmarks for success in our industry,

SynergyXR CEO, Mads Troelsgaard, explains.
  • The funding was led by Kvanted, a Helsinki-based early-stage investor founded by Eerik Paasikivi, Maria Wasastjerna, and Axel Ahlström. The firm invests primarily in Northern European companies building new software and hardware solutions. With the first fund of €70 million, raised in 2023, Kvanted is the first pure-play industrial technology investor in the Nordic region.
  • Additional existing investors during the round are EIFOInnovestorNorth-East Ventures, and AURA Ventures.

SynergyXR will use the investment to expand its reach across Europe and the United States, driving the next wave of digital transformation in the manufacturing, production, and energy sectors.