We've updated our Privacy Policy to make it clearer how we use your personal data.

We use cookies to provide you with a better experience. You can read our Cookie Policy here.

Advertisement
Denator Successfully Completes a 25.5 Million SEK Financing Round
News

Denator Successfully Completes a 25.5 Million SEK Financing Round

Denator Successfully Completes a 25.5 Million SEK Financing Round
News

Denator Successfully Completes a 25.5 Million SEK Financing Round

Read time:
 

Want a FREE PDF version of This News Story?

Complete the form below and we will email you a PDF version of "Denator Successfully Completes a 25.5 Million SEK Financing Round"

First Name*
Last Name*
Email Address*
Country*
Company Type*
Job Function*
Would you like to receive further email communication from Technology Networks?

Technology Networks Ltd. needs the contact information you provide to us to contact you about our products and services. You may unsubscribe from these communications at any time. For information on how to unsubscribe, as well as our privacy practices and commitment to protecting your privacy, check out our Privacy Policy

Denator AB has announced that the company has successfully completed a sixth round of financing, raising 25.5 million SEK (2,75 MEuro).

Major contributions came from new investors, Novo Seeds, the early stage investment group of Novo A/S, and the venture capital company, Almi Invest. Existing investors also participated in this round of financing.

In conjunction with the investment, Søren Møller, Managing Investment Director at Novo Seeds, will join the Board of Directors.

Mr. Møller explained the background to the Novo Seeds decision: “We are very pleased to co-lead this round with Almi Invest. We believe that Denator’s innovative heat-stabilization technology offer significant value to protein researchers in important areas such as neurodegenerative diseases and cancer. This is Novo Seeds’ first device investment and confirms our continued interest in funding innovative science and entrepreneurship throughout Scandinavia.”

Olof Sköld, CEO at Denator, continued: "We are extremely happy to close this 25,5 million SEK investment and wish to thank our existing investors who have continuously shown their commitment. We also welcome Novo Seeds and Almi Invest to Denator. This funding is an important milestone in our commercial development, and will enable us to strengthen our product development to meet the need our customers and continue our market expansion. We will benefit greatly from the additional resources and experience from our new investors."

Advertisement