# Kvasir Technologies

**Source:** https://www.startuphub.ai/startups/kvasir-technologies
**Profile type:** Startup

> Danish biofuel startup developing a patented process to convert lignin-based residues into climate-neutral marine fuels.

## About

Kvasir Technologies is a Danish startup that has developed a patented technology to convert non-edible lignin-based residues from agriculture and forestry into refined biofuels. These biofuels are designed to be a direct, climate-neutral replacement for conventional marine fuels, requiring no modifications to existing ship engines or infrastructure. The company aims to accelerate the maritime sector's transition away from fossil fuels by offering a readily adoptable renewable alternative. Kvasir Technologies is a spin-out from the Technical University of Denmark (DTU).

## Key facts

- **Slug:** kvasir-technologies
- **Website:** https://kvasir.tech/
- **Location:** Fredericia, Denmark
- **Operating status:** Inactive
- **Total funding:** $10M
- **Sectors / tags:** Renewable Energy, Biotechnology, Maritime, Sustainability, Chemicals, Climate Tech, Clean Energy, Biofuels, Waste Management, Energy Storage, Advanced Manufacturing & Materials, Biotech & Longevity
- **Social:**
  - LinkedIn: https://www.linkedin.com/company/kvasir-technologies/

## Frequently asked

### What does Kvasir Technologies do?

Kvasir Technologies is a Danish startup that has developed a patented technology to convert non-edible lignin-based residues from agriculture and forestry into refined biofuels. These biofuels are designed to be a direct, climate-neutral replacement for conventional marine fuels, requiring no modifications to existing ship engines or infrastructure. The company aims to accelerate the maritime sector's transition away from fossil fuels by offering a readily adoptable renewable alternative. Kvasir…

### What is Kvasir Technologies's revenue?

StartupHub estimates Kvasir Technologies's annual revenue at $2.2M (range $602K to $6.3M, 31% confidence), based on comparable companies in the sector.

### What is Kvasir Technologies's valuation?

StartupHub estimates Kvasir Technologies's effective valuation at $39.6M (range $25.0M to $60.0M, 23% confidence), based on comparable companies in the sector.

### How much funding has Kvasir Technologies raised?

Kvasir Technologies has raised a total of $10M in funding. The most recent round on record is Series A.

### Where is Kvasir Technologies headquartered?

Kvasir Technologies is headquartered in Fredericia, Denmark.

### What industry does Kvasir Technologies operate in?

Kvasir Technologies operates in Renewable Energy, Biotechnology, Maritime, Sustainability, Chemicals, Climate Tech.

### What is Kvasir Technologies's current status?

Kvasir Technologies's current operating status is: Inactive.

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