About Seneco
Seneco is a Business Services company based in Hasselager (Denmark) founded in 2014 by Lars Nørgaard Bjørn, and was acquired by Fagerhult Group in April 2021. Cloud-based street lighting control solutions are provided for energy efficiency. It operates in the Business Services, Energy & Utilities, and Technology sectors. Seneco has raised $2.18 million across 7 funding rounds from investors including Accelerace, Fagerhult Group and Nupark Accelerace. The company has 9 employees. Seneco was last valued at $563.47 thousand in February 2017. Seneco offers products and services including Citygrid InFix24 Controller, Citygrid App, Citygrid Portal, Citygrid Zhaga Controller, and Citygrid Gateway. Its focus areas include High Tech, Smart Cities, Smart Utilities and Energy Management.
Company details
Seneco was founded in 2014 in Hasselager, Denmark, within the smart infrastructure sector. A cloud-based platform is offered by the company to manage street lighting. Road traffic is analyzed by the system to activate lights only in relevant areas, which supports energy savings. Cloud-driven controls and monitoring features are included for operational oversight.
- Headquarters Hasselager, Denmark
- Employees 9
- Founders Lars Nørgaard Bjørn
- Stage Acquired
- SectorsBusiness ServicesEnergy & Utilities Technology
- Email••••••••
- Phone•••• ••••
- Website seneco.dk
- Social LinkedIn
- Acquired by Fagerhult Group (Apr 2021)
- Legal Name Seneco
- Net Profit-$1.25 M (USD)-23as on Dec 31, 2022
- EBITDA-$1.42 M (USD)-23as on Dec 31, 2022
- Total Equity Funding$2.18M (USD)
in 7 rounds
- Latest Funding Round$801.35K (USD), Seed
Sep 2017
- InvestorsAccelerace
& 2 more
- Employee Count9
- Acquired byFagerhult Group
(Apr 2021)
Products & Services of Seneco
Seneco offers a comprehensive portfolio of products and services, including Citygrid InFix24 Controller, Citygrid App, Citygrid Portal, Citygrid Zhaga Controller, and Citygrid Gateway.
Device for smart management of outdoor lighting systems.
App for monitoring and controlling lighting remotely.
Online portal for data insights and system configuration.
Controller compatible with standard luminaires for easy integration.
Gateway for secure data sharing in lighting networks.
Funding Insights of Seneco
Seneco has successfully raised a total of $2.18M across 7 strategic funding rounds. The most recent funding activity was a Seed round of $801.35 thousand completed in September 2017. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $2.18M
- Total Rounds 7
- Last Round Seed — $801,350
- First Round $369,576
(Mar 2014)
- Investors Count 2
All 7 funding rounds of Seneco with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2017 | $801,350 | Seed | – | – | – |
| Feb 2017 | $142,324 | Seed | $563,466 | – | – |
| Nov 2015 | $129,513 | Seed | – | – | – |
| Jun 2015 | $662,543 | Seed | – | – | – |
| Apr 2015 | $72,013 | Seed | $725,402 | – | – |
| Jun 2014 | Seed | – | Accelerace | – | |
| Mar 2014 | $369,576 | Seed | $••••• | Nupark Accelerace | – |
Last known valuation $563,466 (Feb 2017). 3 investors in total: 3 institutional.
Investors in Seneco
Seneco has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Accelerace, Fagerhult Group and Nupark Accelerace.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Funding and support are provided to early-stage startups by Accelerace. | 2008 | accelerace.io | Copenhagen, Denmark | |
| nuparkaccelerace.dk | ||||
Professional lighting solutions are provided for architectural and commercial uses. | 1945 | fagerhultgroup.com | Bankeryd, Sweden |
Investor details for Seneco
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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- Round participation
- Investor portfolios
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People of Seneco
5 people are tracked at Seneco (3 in leadership, 2 in team); the tracked headcount is 9.
| Name | Role | Group |
|---|---|---|
Lars Nørgaard Bjørn | Co-Founder | Leadership |
Daniel Unoson | General Manager / MD | Leadership |
Kurt Byskov | CEO | Leadership |
Fredrik Martinsson | Cloud Architect | Team |
Nicoline Friberg Klysner | Product Engineer | Team |
Complete people profiles for Seneco
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Timeline of Seneco
4 dated milestones of Seneco across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Seneco is founded.
- Funding First funding round of $370K.
- Funding Latest funding round, Seed, of $801K.
- Exit Acquired by Fagerhult Group.
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Frequently Asked Questions about Seneco
Seneco was founded in 2014.
Seneco is headquartered in Hasselager, Denmark.
Seneco is a funded company, having raised a total of $2.18M across 7 funding rounds to date. The company's 1st funding round was a Seed of $369.58K, raised on Mar 2014.
Seneco has 9 employees.
Seneco was founded in 2014 in Hasselager, Denmark, within the smart infrastructure sector. A cloud-based platform is offered by the company to manage street lighting. Road traffic is analyzed by the system to activate lights only in relevant areas, which supports energy savings. Cloud-driven controls and monitoring features are included for operational oversight.
Seneco offers Citygrid InFix24 Controller, Citygrid App, Citygrid Portal, Citygrid Zhaga Controller, and Citygrid Gateway.
Seneco has 3 investors. Key investors include Accelerace, Fagerhult Group, and Nupark Accelerace.
The valuation of Seneco is $563.47K as of Feb 2017.
Seneco operates through Seneco.
Yes. Seneco was acquired by Fagerhult Group in April 2021.