Northcap invests €2.7m in Sekoia

Northcap invested through its €80m third fund, NCP-IVS III, which was raised in 2012 and saw a DKK125m commitment from Dansk Vækskapital.

The fresh capital has been earmarked to help Sekoia improve its product and expand into markets such as the UK, Germany and the rest of Scandinavia, as well as to hire additional staff.

The investment saw Northcap join Danish business angel Klaus Nyengaard, who first backed Sekoia.

Company
Based in Århus, Sekoia develops an app-based touchscreen work management product for use in the eldercare sector.

A series of apps support care-home staff and residents in daily tasks and activities, and has rolled out its product to more than 40 homes in Denmark since Sekoia was founded in 2010.

Sekoia claims to have generated efficiency cost savings of €1.3m in Odense, one of Denmark's largest boroughs.

People
Kim Wiencken is a partner at Northcap and Ole Langvad Wessby is the CEO of Sekoia.

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