Qoitech raised SEK 5 million from Nudging Capital.

Qoitech, a Lund, Sweden-based producer of development tools for energy optimization, predictive battery life analytics and validation of battery-driven products, announced closing an investment round at SEK 5 million ($500k).

The money was raised locally from Sweden from Nudging Capital and Curitas Ventures, joined by an Irish early investor Deeptech Seed Fund.

Qoitech, spun off of Sony Mobile in 2019 bY CEO Vanja Samuelsson, developed an analysis tool called Otti Arc, which consists of a portable hardware with software connected to it, and used to test both hardware and software in electronic products. The company has 6 employees and produced sales of SEK 9.5 million ($1M) in 2021.