Expedition Growth Capital and EIFO invest $16 Million in Factbird to boost international growth
Summary
Together with the owners behind the Emendo Group, we have shown that it is possible to lift a software company out of a consultancy, infuse it with venture DNA, grow at rocket speed, and attract international growth capital. It has been fantastic to see Factbird take shape as an independent company, and we look forward to the future of the company with the new co-investors, says Jesper Lilledal, Partner, Direct Investments at EIFO.David Olsson, Principal at Expedition Growth Capital, states, One of the biggest problems in manufacturing today is the lack of real-time operational data. There is also huge potential in combining data from Factbird with the latest machine learning and AI technology, which can be part of the solution to the challenges that manufacturing companies face today and in the future. When we look beyond our key markets, we see historically strong manufacturing countries that rely on digital solutions to stay competitive more than ever. With a focus on real-time data collection and analysis, Factbird empowers companies to optimize operations, reduce downtime, and boost productivity.