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Kvasir Technologies

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Drop-in marine biofuel from non-edible biomass

Gladsaxe Municipality, DenmarkFounded 2018Energy

Valuation $50–100M Last recorded · 2026

Headcount <100 Current team size

Total funding $10–50M Disclosed equity funding

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About Kvasir Technologies

Kvasir Technologies is a Copenhagen cleantech spin-out from DTU (Technical University of Denmark), founded in 2018 by CEO Joachim Bachmann Nielsen and COO Anders Bak Kristoffersen. It converts non-edible lignin-rich agricultural and forestry residues into climate-neutral marine biofuel via a patented single-step solvothermal liquefaction process that can drop into existing ship engines and fuel infrastructure without modification, and is miscible with fossil marine fuels for blended transition. The company reports retaining more than 80% of the biomass's combustible energy in the bio-oil and operates a Fredericia test facility producing up to two tonnes per day. In June 2026 Kvasir raised a €10 million Series A with new investor European Energy alongside EIFO, Mærsk Growth and Footprint Fund, and formed JV KVEEN Biofuels with European Energy to advance a first commercial plant in Aabenraa while scaling the Fredericia facility. In July 2026 MarineFifty announced its intention, subject to contract, to invest up to €11 million as part of the Series A round. Sources: EU-Startups 18 Jun 2026; kvasirtechnologies.com 1 Jul 2026.

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At a glance

Status: Operational
Founded: 2018
Headquarters: Gladsaxe Municipality, Denmark
Employees: 25
Open positions: 1
Dealroom signal: 62.8/100
Sub-industry: Clean Energy, Waste Solution
Sector: Energy, Biotechnology, Waste Reduction, Spinout, Biofuel, Sustainable Development Goals, EIC, Climate Tech, Circular Economy, Waste to Biogas, Animal Feed
Business model: Manufacturing
Client focus: b2b
Links: Website LinkedIn

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Funding history

6 recorded events

Company financing events and reported valuations.

Deal type	Date	Amount	Valuation	Investors	Source
SERIES A✓Equity / VC	Jun 2026	$11M	$44M	Maersk Growth · Export and Investment Fund of Denmark · European Energy · Sky Zero Footprint Fund	↗
SEED✓Equity / VC	Feb 2024	$3.3M	$13M	Export and Investment Fund of Denmark · The Footprint Firm	↗

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Financials

Revenue, earnings and profit over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

Year	Profit	Margin
2026		—
2025		—
2024		—
2023		—
2022		—
2021		—

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Growth signals

Kvasir Technologies website traffic

Latest recorded traffic for Kvasir Technologies is 590 monthly website visits, up 73.5% over the last three months. Kvasir Technologies's team declined 10.7% over the past year.

Latest monthly visits590 3-month web change+73.5% 1-year team growth-10.7%

Monthly website visitsOct 2022–Jul 2026

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Open positions

Openings linked to this company in Dealroom

R&D Process TechnicianSøborg, Region Zealand, Denmark · Other · Jul 10, 2026

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