Alrik Raises €1 Million in Seed Round
Alrik, a Stockholm, Sweden-based logistics software startup, has raised €1 million in seed funding.
The investment was from the venture capital firm Pi Labs.
Founded in 2014, Pi Labs is a venture capital firm based in London, United Kingdom. The firm prefers to invest in companies operating in real estate and property technology based in the United States, Europe, Canada, North America, and the Middle East region.
The company will use the funding to fuel its European expansion efforts and further develop its innovative logistics platform. The company intends to invest in scaling its operations, enhancing its technology, and strengthening its market presence across Europe.
Founded by Nici Sundén-Cullberg and Axel Enblad, Alrik is a company that specializes in software for the construction industry and helps its users improve logistics, collaboration, sales, and more. The company’s platform offers precise monitoring of emissions for materials transported to and from construction sites, helping developers and contractors achieve emissions targets. As a Software as a Service (SaaS) provider, Alrik has attracted over 100 clients, including leading distributors such as Saint-Gobain, STARK Group, Kesko, Bygma, Mestergruppen, Karl Hedin, and Woody.
Funding Details
Company: Alrik Technologies AB
Raised: €1.0M
Round: Seed Round
Funding Month: April 2024
Lead Investors: Pi Labs
Additional Investors:
Company Website: https://www.alrik.com/
Software Category: Construction Logistics