Kvasir Technologies
Summary active Updated Jun 18, 2026This profile is AI-generated. If you spot an error, please help us fix it by sharing a URL to the correct information.
Founders
About
Kvasir Technologies is a Copenhagen-based climate tech startup that produces a climate-neutral marine biofuel from non-edible lignin-based agricultural and forestry residues 1. The company is a spin-out of the Technical University of Denmark (DTU) and operates a test facility in Fredericia capable of producing up to two tonnes of biofuel per day 1. Its patented conversion technology yields a drop-in marine fuel compatible with existing ship engines and bunker infrastructure 2.
Funding History
| Date | Round | Amount | Lead | Co-investors |
|---|---|---|---|---|
| 2026-06-18 | Series A | €10M | European Energy | EIFO, Mærsk Growth, Footprint Fund 123 |
Alongside the round, Kvasir and European Energy formed a strategic joint venture, KVEEN Biofuels, to develop a commercial-scale plant in Aabenraa, southern Jutland 1.
What Investors Say
No independently sourced investor commentary on the 2026-06-18 round beyond the press announcement 1.
What Founders Say
No independently sourced founder testimonials found at this time.
Sources
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Kvasir Technologies press release, “Kvasir Technologies raises EUR 10 million to accelerate commercialization of climate-neutral marine fuel,” accessed June 2026. https://kvasirtechnologies.com/kvasir-technologies-raises-eur-10-million-to-accelerate-commercialization-of-climate-neutral-marine-fuel/↩↩↩↩↩
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Tech.eu, “Kvasir Technologies fuels growth with €10M round,” June 18, 2026, accessed June 2026. https://tech.eu/2026/06/18/kvasir-technologies-fuels-growth-with-eur10m-round/↩↩
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Biofuels International Magazine, “Kvasir Technologies secures €10 million to scale climate-neutral marine biofuel,” accessed June 2026. https://biofuels-news.com/news/kvasir-technologies-secures-e10-million-to-scale-climate-neutral-marine-biofuel/↩