InviSense secured $450k from Almi and private investors.
InviSense, a Linköping, Sweden-based manufacturer of solutions that control the relative humidity in buildings, announced that it secured SEK 4M ($450k) in capital investment.
The money was provided by private investors which were matched by a SEK 2M contribution from Almi Invest. The capital will be used to scale up sales and further development of the company's products.
InviSense, founded in 2015 and led by CEO Björn Garplind, has developed a thin moisture sensor that can be placed behind surface layers in wet rooms. The sensor does not contain its own power source, but is activated by the scanner when reading, like an RFID reader.
Prior to this round, InviSense raised money from Linköping University, through its LEAD accelerator.