Copenhagen-based Arkyn raises €4 million to expand into the US and DACH regions, enhancing its real-time ERP data integration solutions for asset-intensive industries with AI capabilities, supported by recent growth and strategic investments.
Copenhagen-based enterprise software company Arkyn has secured €4 million in a financing round co-led by Compounding Capital and Trifork Labs, with the fresh capital poised to accelerate its international expansion and broaden ...
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its product offerings. Specialising in delivering real-time ERP data integration within SAP for maintenance operations, Arkyn focuses on optimising asset utilisation, enhancing performance measurement, and supporting data-driven decision-making. The company’s suite of highly modern, user-friendly frontline worker apps connects seamlessly with SAP from planning through to execution and reporting, mainly serving asset-intensive industries such as manufacturing, utilities, transport, and oil and gas.
Founded in 2020 by the partners behind Trifork Smart Enterprise, Arkyn builds on more than a decade of experience in SAP mobile application development. Its solutions include key tools for work-order management, asset history tracking, time registration, and digital forms, all underpinned by the FastCloud middleware that allows real-time interaction with SAP systems and enables rapid deployment, typically within two to four weeks, across both cloud and on-premise environments.
The new financing round is intended to fuel Arkyn’s impressive growth trajectory, which has already seen tenfold revenue increases over the past three years. The funds will particularly support Arkyn’s ambitions to deepen its penetration in the US and DACH (Germany, Austria, Switzerland) markets and to develop innovative features enriched with artificial intelligence capabilities. These AI enhancements are designed to reduce administrative burdens on frontline workers by streamlining access to information and automating planning and execution tasks, allowing technicians to concentrate more on their technical activities in the field.
Kasper Grundtvig Knokgaard, owner of Compounding Capital and a new member of Arkyn’s Board of Directors following the round, emphasises the complexity and uniqueness of Arkyn’s solutions. Speaking about the investment and partnership, he highlighted the company’s expert team combining over 60 years of SAP experience and praised Arkyn’s user-friendly interfaces and real-time SAP updates as a “true gamechanger” for field technicians. His family office’s investment portfolio includes several vertical B2B SaaS companies focusing on mission-critical solutions, reflecting a strategic alignment with Arkyn’s business model and target markets.
Trifork Group CEO Jørn Larsen hailed Arkyn as a strong validation of the Trifork Labs model, a venture arm supporting innovation and go-to-market strategies for high-potential technology companies within the group. Trifork Labs currently manages a portfolio of 23 companies and has demonstrated its ability to foster technology ventures with substantial revenue lines, reinforcing its reputation as a global partner for enterprise digital transformation.
Arkyn’s recent achievements include securing contracts with major players in the oil and gas sector, bolstering its position in the competitive US market. The company’s digital platform integrates real-time data to enhance maintenance workflows, asset reliability, and performance optimisation across large enterprises worldwide.
The investment will also underpin continued product development with a focus on AI-driven functionalities aimed at improving efficiency and decision-making processes. CEO and co-founder Martin Holm Nielsen expressed excitement about the future prospects this capital infusion provides, highlighting the company’s ongoing commitment to innovation and market growth in critical international regions.
Meanwhile, Trifork Group continues to evolve its broader corporate strategy, recently completing the divestment of a majority stake in Trifork Security A/S to Wingmen Solutions ApS, signalling a continued focus on its core strengths in software and innovation.
Overall, Arkyn’s funding boost from Compounding Capital and Trifork Labs not only strengthens its capacity for international growth and AI-driven product advancement but also exemplifies a broader industry trend towards integrating frontline operational capabilities with enterprise resource planning systems in real time, empowering technicians on the ground with the actionable insights they need to drive asset performance and reliability.
Source: Noah Wire Services
