# Kvasir Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/kvasir-technologies

- Industry: Renewable Energy
- Headquarters: Soborg, Denmark
- Website: www.kvasirtechnologies.com
- Total disclosed funding: $15M
- Latest round: Series A (Jun 18, 2026)
- Investors on record: 4

## About

Based in Denmark, Kvasir Technologies operates as a developer of a technology that produces carbon-neutral biofuel from non-edible biowaste material.

Based in Soborg, Denmark, and founded in 2018 by co-founders Joachim Bachmann Nielsen (CEO as of 2026) and Anders Bak Kristoffersen, Kvasir Technologies developed a technology to produce climate-friendly fuel for hard-to-abate industries. Kvasir converts non-edible waste-based biomass into a 1:1 substitute for fossil fuel in a simple, sustainable, and scalable way. In June 2026, Kvasir Technologies raised USD EUR 10 million in series A funding from European Energy A/S, Export and Investment Fund of Denmark, Maersk Growth, and The Footprint Firm.

 
Kvasir has developed and patented a unique process to convert lignocellulosic plant biomass, such as straw, wood, and bagasse, to marine fuel in a one-step process. The process involves cooking biomass in an alcohol atmosphere under pressure, effectively liquefying the biomass into smaller fragments, expelling oxygen, and producing sustainable and upgradeable biofuel.

The company will use the June 2026 funding to scale its biofuel technology, expand its test facility, and build its first commercial production plant.

## Funding rounds

- Series A, Jun 18, 2026, $12M — Maersk Growth, The Footprint Firm, Export and Investment Fund of Denmark, European Energy A/S
- Seed, Feb 12, 2024, $3.2M — The Footprint Firm, Export and Investment Fund of Denmark

## Investors

- The Footprint Firm (https://capitalatlas.ai/funds/the-footprint-firm) — Seed, Series A
- Export and Investment Fund of Denmark (https://capitalatlas.ai/funds/export-and-investment-fund-of-denmark) — Seed, Series A
- Maersk Growth (https://capitalatlas.ai/funds/maersk-growth) — Series A
- European Energy A/S — Series A