NitroVolt raised €3.5M in Seed funding led by BackingMinds to build a container-sized demonstration unit for green ammonia production.
Nov 07, 2024•about 1 year ago
Amount Raised
€3.5 Million
Round Type
seed
Investors
Division MSatganaEqt FoundationEifoBacking Minds
Description
NitroVolt, based in Søborg, Denmark, has raised €3.5M in Seed funding. The funds will be used to develop their first on-site container-sized demonstration unit that produces green ammonia for farmers.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers