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Friday, March 29, 2024

Danish online platform for documentation and inspection work raises €2 million seed

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Copenhagen-based startup Captego has collected €2 million in a seed round led by ALFA Ventures, the venture arm of ALFA Development, and joined by Vaektsfonden, a part of the Danish state’s investment fund. The funding will pave the way for the startup to improve its technology and reach new international markets. Captego is also planning to expand its team. The experienced banker and startups advisor Jeremy Sparrow will be the new CEO of the company. Formerly the head of Renaissance Capital (Asia), Jeremy brings a wealth of experience to the role and will help drive forward ambitions.

Captego, Jeremy Sparrow

New CEO of Captego, Jeremy Sparrow comments, “Thanks to our investors in this seed round, it unlocks our ability to scale across Europe and truly redefine how field data is collected, managed and actioned”.

Captego was founded in Denmark in 2018. The company’s co-founder Bjarke Bentzen previously spent 17 years in construction having to work with the best available documentation and inspection solutions. He found that all existing solutions were badly flawed and unfit for the changing digital world hence causing frustration, massive wasted time and hugely inconsistent data. There clearly was a gap in the market – most evident by the proliferation of on-site professionals using just their smartphone camera and email for documentation.

Captego, Bjarke BentzenBjarke Bentzen, Co-Founder and Head of Customer Success: “At Captego, we are building a category-defining solution that finally unlocks the true value of field data. We are thrilled to have investors that share our bold vision and are committed to supporting Captego at this early stage.

With ALFA Ventures and Vaektsfonden on board, we will be able to expand our presence across the continent and continue building on our world class technology. I’m also excited to bring a high caliber CEO to the company in Jeremy. His vast global experience will be invaluable as we scale up across Europe and beyond”

Click to read more funding news.

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Nurcin Metingil
Nurcin Metingil
A permanent student, a passionate first reader and nowadays doing master’s degree in Publishing Management. Beside these, I am up for games! I have been playing games since I was 6. Now, I am whispering "Business. Business. Numbers. Is this working?"

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