Mavenoid Raises $30M in Series B Funding


Mavenoid, a Stockholm, Sweden-based provider of a hardware support platform, raised $30M in Series B funding.

The round was led by Smedvig Capital with participation from Mosaic, Point Nine Capital, NordicNinja, ABB Technology Ventures, and SVB UK.

The company intends to use the funds to further develop its AI and technology, as well as scale the business globally to meet the demand for support solutions from companies with physical products.

Led by CEO Shahan Lilja, Mavenoid is a product support platform for hardware and consumer electronics brands. The hardware support platform empowers any brand with physical technology products— such as consumer electronics, home appliances, micro-mobility, and industrial machinery— to provide seamless support to their customers. With the AI-powered self-service, remote, and support automation tools, companies can provide support that resolves customers’ product issues in a cost-effective way possible – saving companies time and resources that would otherwise be put towards support overhead.

Customers include companies such as Jabra, Husqvarna, Medion, among others.

Mavenoid has operations across the globe, including the US, UK, EU and Canada.