Wittra Sweden AB receives significant funding from new investorPublished
PRESSRELEASE – Stockholm, Sweden 2016‐09‐07
Wittra has raised new funds through investment by Göran Grosskopf. Wittra will use the capital for sales acceleration of it’s unique long‐range, low‐power positioning solutions for global IoT markets.
Wittra has developed a patented method to provide long‐range positioning of a device, both indoors and outdoors, with breakthrough battery life. The disruptive and cost efficient technology enables applications in various areas such as vehicle security, maritime safety, elderly care, asset monitoring, pet lifestyle monitoring, public security and animal husbandry.
The capital invested by Göran Grosskopf in Wittra will be used for market expansion. Wittra has previously signed initial key customer contracts proving the technology uniqueness and commercial value. Now the focus is shifting to the acceleration of sales and volume deliveries.
Göran Grosskopf has an international reputation in corporate governance, is on the board for a number of large Swedish corporations as Chairman and board member, such as IKEA, PEAB and Tetra Pak and is a professor at the universities of Gothenburg, Lund, and Umeå. “I am happy to contribute to the creation of a next Swedish unicorn”, says Göran Grosskopf.
“We are excited to have Göran Grosskopf part of the owner structure with his experience of building global businesses”, says CEO and founder Håkan Dackefjord. “Göran Grosskopf’s industrial and business experiance, strengthen our foundation for international expansion”, he comments.
Wittra Sweden AB is an innovative high‐tech product and service company developing technology, products, and services for positioning in the Internet‐of‐Things sector. The company headquarters is located in Stockholm Sweden.
Wittra Sweden AB is a fully owned subsidery of NiDa Tech Sweden AB, which currently is owned by a group of private investors including the founder. The company is founded out of the innovative Swedish high‐tech hub and has since the start 2012 developed a number of unique solutions and secured a significant portfolio of intellectual property.
For further information, contact:
Håkan Dackefjord, CEO Wittra AB, +46 70 888 10 34, email@example.com Wittra AB, Ringvägen 100, 118 93 Stockholm, www.wittra.se