Airthings raises $6.5M and adds Aksel Lund Svindal as new investor in the company

Norway Investments 12 April 2019
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Airthings, an Oslo, Norway-based company manufacturing indoor air quality monitors for consumers and businesses, completed a NOK 55M ($6.5M) capital investment round.

The money was provided by new and existing investors, including Norwegian angel Aksel Lund Svindal, who also joins the company's board of directors.

Airthings, founded in 2008 and led by CEO Øyvind Birkenes, is a manufacturer of world-class radon detectors, using the most accurate technologies to create user friendly radon detection products. In 2018 Airthings had a turnover of NOK 98.6M ($12M) and a profit before tax of NOK 4M.

Prior to this, Airthings raised about $3M in 2017 and its largest investor (25.9%) is Geir Førre through Firda AS.