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UNQUOTE
  • Early-stage

Springfondet et al. back Swarm64

  • Karin Wasteson
  • 23 August 2013
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Springfondet and several angel investors, including Arne Graee, have provided NOK 4.5m in seed funding for German ICT start-up Swarm64.

Springfondet invested NOK 2m via its fund Springfondet II. The remaining NOK 2.5m was provided by angel investors.

The fresh capital will be used for further development of the company.

Arne Graee, who is the former CEO of Tandberg Television, has taken on the position as chairman of the board.

Springfondet sourced the deal through its proprietary networks. The investor chose to back the company due to its team of technical developers as well as its large market potential.

Company
Eivind Liland and Thomas Richter co-founded Swarm64 in 2012 with the aim of disrupting the server market. The firm is based in Berlin. 

Swarm64 is an ICT start-up that redesigns the structure of servers in order to optimise power for emerging cloud applications.

People
Eivind Liland is the CEO and founder of Swarm64.

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