Export and Investment Fund of Denmark (EIFO)
Canvas Category Consultancy : Sovereign Wealth : National
EIFO provides a single point of access for Danish companies requiring risk-tolerant government financing. As a state-owned financial institution, the Export and Investment Fund of Denmark (EIFO) acts as a driving force and an enabler for new endeavors and projects in Denmark and throughout most of the globe. We make ends meet for companies, developers, and banks of all sizes and within most sectors. Due to Denmark’s strength within wind energy and new green technologies, EIFO has a particular focus on facilitating the global green transition.
Assembly Line
Rodinia Generation raises €3M to fight garment waste with on-demand microfactories
Rodinia Generation announced it has raised €3 million Seed funding. Rodinia Generation is a Danish tech startup that introduces high-tech software and hardware to the fashion industry to combat garment overproduction and make manufacturing processes more sustainable and efficient.
Microfactories make product-to-market time 19x faster. Using microfactories, garment designs can be produced in less than two weeks, even in as little as 48 hours, eliminating the need to overproduce to ensure supply – thereby helping reduce the nearly 50 billion unsold garments annually, which costs the fashion and textiles industry €188 billion.
Expedition Growth Capital and EIFO invest $16 Million in Factbird to boost international growth
The Danish tech company Factbird, which supplies intelligent, cloud-based technology for the optimization of manufacturers production lines, has once again landed a large multi-million dollar investment. This time, it is USD 16 million. The money comes from the English capital fund Expedition Growth Capital and Denmark’s Export and Investment Fund, EIFO. The funds will help Factbird’s international expansion after its 2021 separation from consulting firm Emendo Consulting Group as an independent tech company.
Factbird has grown by 300% since 2021. The customer portfolio today counts more than 250+ companies within the pharmaceutical, packaging, industrial equipment and devices, and food and beverage industries across the key markets in the Nordics, USA, Germany, and England.
EIFO and Novo Holdings lead €14M round in Power-to-Peroxide pioneer HPNow
HPNow, the pioneer in electrification of the hydrogen peroxide industry, announced the successful closing of a €14M round. The equity round is led by The Export and Investment Fund of Denmark (EIFO) together with Novo Holdings. Other investors in the round include MatiTech – a sustainable water treatment solution provider in Sub Sahara, and existing investors Evonik Venture Capital and AP Ventures.
HPNow’s breakthrough electrochemical technology enables the safe and sustainable generation of a powerful green oxidant directly on site, using only water and electricity as inputs. The output solution breaks down to pure water and oxygen following use. HPNow is bringing to market a greener alternative to the conventional fossil-fuel based centralized production, transportation and handling of bulk hydrogen peroxide, offsetting as much as three tons of CO2eq per ton of hydrogen peroxide generated on site, compared to standard production techniques.
Proceeds from this round of financing will primarily be used towards the scaling up of HPNow’s marketing, sales, technical support and production capacity, in order to address growing market demand.