Copenhagen-based Arkyn, a SaaS mobile app company that is on a mission to make it easy for employees to use SAP, announced that it has raised €3.8M in its Seed round of funding.
The investment came from Switzerland-headquartered Trifork Labs, the founders and management of Arkyn, and other private investors.
About Trifork Group
Trifork Group is an international IT group focusing on the development of innovative software solutions. The group was founded in Denmark in 1996 and focuses on three vertical business areas: digital health, fintech, and smart buildings; and three horizontals: cloud operations, cyber protection, and smart enterprise. Currently, the firm has more than 950 employees in 57 business units.
Trifork optimises its customers’ business by delivering effective and ‘user-friendly’ digital solutions. As part of its innovation programme, the firm produces technical content in collaboration with hundreds of tech experts from leading universities and startups. Besides, Trifork’s R&D is anchored in Trifork Labs, where it continuously co-founds and develops IT startup companies.
Jorn Larsen, CEO of Trifork Group, says, “The Arkyn team has been working with design thinking and mobile interfaces for SAP for many years, changing complex processes into safe, efficient, and intelligent user experiences. Arkyn has played a vital role in Trifork’s Smart Enterprise showcase solution to Banedanmark, and we are pleased to continue to support the company and to welcome the new co-investors.”
What does Arkyn offer?
Arkyn was founded in 2020 by Nicolai Elmqvist, Rune Duurhus-Andersen, John Stubbe, Martin Holm Nielsen, and Mikael Gurenius. The company delivers pre-developed iOS apps and a platform that fits on top of SAP’s processes like plant maintenance, customer service, and field service.
Arkyn claims that it helps enterprises increase productivity, optimise work processes, and increase the quality of data reported by employees. It also enables time savings, cost optimisations, and new insights.
Currently, the company’s app portfolio consists of four apps used by field technicians within the manufacturing and railway industry. FastAssets deliver valuable insights about the maintenance history in a production line or on a railway; FastFieldwork helps technicians understand and report their work on location through features like speech to text; FastTime enables simple time registration; and, FastForms is a tool to replace paper forms or excel sheets that are still widely used across industries due to lack of alternatives.
All apps are connected to Arkyn’s platform, which enables real-time synchronisation of data with the customers’ local SAP installation.
The company has 15 employees and counts the Danish national railway company Banedanmark and global maritime safety company Viking among its customers.
Capital utilisation
Arkyn says the proceeds from this round will be used for further product development, sales, and marketing activities across Europe targeting enterprises within manufacturing and railway as well as reselling partners like Trifork or ATEA.
Nicolai Elmqvist says, “We are pleased by the trust and confidence shown by our investors. The funds allow us to continue to develop that critical link between the back-office super users of SAP and field technicians who need user-friendly mobile apps to gather information and feedback data from anywhere whether it is 300 feet below ground in a subway or high up in a wind turbine.”