Vaavud, a Copenhagen, Denmark-based developer of a smartphone anemometer, raised $375K in seed funding.
Backers include some business angels, led by two investors who have previously invested in Danish start-ups such as GoMore and FitBay.
The company intends to use the funds to increase brand awareness, expand the range of features to hobbyists, focus more on business solutions and hire four new employees on design, software development and marketing areas.
Co-founded by Thomas P. Helms, Vaavud provides provides windsurfers, sailing enthusiasts and other hobbyists in 96 different countries with a smartphone-based anemometer and an accompanying app, which – free of charge – provides access to a global map of user-generated wind measurements.
In a joint venture with Swedish agricultural cooperative Lantmännen Maskin AB – a distributor of agricultural equipment services – Vaavud have already begun developing a custom solution for local wind measurements that will comply with the tightened safety requirements regulating the use of agricultural pesticides.
FinSMEs
24/03/2014