Arkyn Raises EUR 3.8 million in Seed Capital Investment Round led by Trifork Labs

Arkyn, the SaaS mobile app company on a mission to make it easy to use SAP, has raised EUR 3.8 million in an investment round from Trifork Labs, the founders and management, and other private investors.

Founded in 2020, Arkyn delivers pre-developed iOS apps and a platform that fits on top of SAP’s processes like plant maintenance, customer service and field service. The company helps enterprises increase productivity, optimize work processes, and increase the quality of data reported by employees. Enabling time savings, cost optimizations and new insights.

“We are pleased by the trust and confidence shown by our investors. The funds allow us to continue to develop that critical link between the back-office super users of SAP and field technicians who need user friendly mobile apps to gather information and feedback data from anywhere, whether it is 300 feet below ground in a subway or high up in a wind turbine,” says Nicolai Elmqvist, CEO & Co-founder of Arkyn.

The funds raised will be used for further product development, sales and marketing activities across Europe targeting enterprises within manufacturing and railway as well as re-selling partners like Trifork or ATEA.

“The Arkyn team has been working with design thinking and mobile interfaces for SAP for many years, changing complex processes into safe, efficient, and intelligent user experiences. Arkyn has played a vital role for Trifork’s Smart Enterprise show case solution to Banedanmark, and we are pleased to continue to support the company and to welcome the new co-investors,” says Jørn Larsen, CEO and founder of Trifork.

Arkyn’s app suite currently consists of four apps used by field technicians within the manufacturing and railway industry. FastAssets deliver valuable insights about the maintenance history in a production line or on a railway, FastFieldwork helps technicians understand and report their work on location through features like speech to text, FastTime enables simple time registration and FastForms is a tool to replace paper forms or excel sheets that are still widely used across industries due to lack of alternatives. All apps are connected to Arkyn’s platform that enables real-time synchronization of data with the customers’ local SAP installation.