Seed Capital. Spar Nord invest DKK 5m in Ernit

The investment will support the roll-out of Ernit's product, a cashless piggy bank with an accompanying app, across the Danish market.

In addition to a local launch, the fresh funding will also support scaling of the company outside of Denmark.

Prior to raising its first institutional funding from Seed Capital and Spar Nord, Ernit participated in the New York-based Techstars accelerator programme.

Company
Headquartered in Copenhagen, Ernit is a fintech hardware and software startup aimed at developing healthy financial habits in children.

The company produces a physical piggybank connected to a child's bank account, allowing the user to see when money is deposited and its progress towards achieving certain saving goals. Ernit also develops an accompanying smartphone app.

Ernit was founded in 2013 by Søren Nielsen, Thomas Bjerring and Mads Tagel.

People
Seed Capital – Richard Breiter (investment manager).
Spar Nord – Ole Madsen (director of communications and corporate development).

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• Topics
• Early-stage
• Consumer
• Nordics
• Fintech
• Denmark
• Start-up
• Venture