Nordic Forestry Automation

1. 20 Jul 2023

   Funding round

   €871K

   Cumulative €871K

2. 15 Oct 2024 · +1 yr 3 mo

   Grant

   €832K

   Cumulative €1.7M

3. 10 Aug 2026 · +1 yr 10 mo

   Growth

   €4.4M

   Cumulative €6.1M

Amounts in EUR, converted at the ECB rate on the event date. Funding totals exclude debt, grants and state aid; rounds whose instrument is not yet established are still counted. Every figure links to its source.

• Funding10 Aug 2026EUR 4.4M

  Nordic Forestry Automation closed its largest funding round to date, raising 48 million kronor led by Navigare Ventures and Almi Invest Greentech.

  ▸Source: Rapidus

  “Ideonbaserade Nordic Forestry Automation stänger sin hittills största finansieringsrunda. Den nya rundan leds, precis som förra gången, av Wallenbergsfärens Navigare Ventures. Inlägget Mer…”

  Read at Rapidus

• Funding15 Oct 2024EUR 832K

  Nordic Forestry Automation and industry partners were awarded SEK 9.4 million from Vinnova to develop next-generation AI-based operator support for harvesters. The project, which includes Sveaskog, Sodra, SLU, Skogforsk, Chalmers Industrial Technology and BOID, runs until July 2026.

  ▸Source: nordicforestryautomation.com

  Read at nordicforestryautomation.com

• Funding20 Jul 2023EUR 871K

  Nordic Forestry Automation raised SEK 10 million in its first funding round, with Almi Invest, Sveaskog and Sodra named as backers. The capital supports development of AI-based operator support technology for forestry machinery.

  ▸Source: eustartup.news

  Read at eustartup.news

• David Gillsjö

  Co-founder

• Lars Svensson

  CEO and co-founder

What does Nordic Forestry Automation do?

Nordic Forestry Automation (NFA) develops technology that combines sensors with AI algorithms to assist operators of forestry machines. Its first product is a driver support system for thinning, which creates a digital representation of a forest environment in real-time. The system is currently utilized in seven different markets across three continents.

Where is Nordic Forestry Automation headquartered?

Nordic Forestry Automation is based in Sweden.

How much funding has Nordic Forestry Automation raised?

Nordic Forestry Automation has raised €6.1M (across 3 rounds · last 10 Aug 2026).

What was Nordic Forestry Automation's latest funding round?

Nordic Forestry Automation's most recent disclosed round was a growth round of €4.4M, announced 10 August 2026.

Who has invested in Nordic Forestry Automation?

Investors in Nordic Forestry Automation include Navigare Ventures, Almi Invest, Almi Invest Greentech, LRF Ventures, Södra Skogsägarna, Sveaskog.