Arkyn, a Copenhagen-based enterprise software company focused on modernizing asset and maintenance operations on top of SAP, has secured €4 million in new financing. The round was co-led by Compounding Capital and Trifork Labs. The investment will support Arkyn’s continued global expansion, including deeper growth in the United States and DACH markets, as well as further development of its frontline worker app suite and new AI-driven product capabilities.
Arkyn provides real-time connections between SAP systems and maintenance operations at the plant and in the field, enabling organizations to improve asset utilization, streamline workflows, and enhance decision-making. The company’s platform delivers a user-friendly set of mobile applications designed to optimize planning, execution, reporting, and performance analysis in maintenance environments. The system is fully integrated into SAP in real time, helping frontline workers operate more efficiently.
The company’s momentum has accelerated in recent years, marked by notable commercial wins and a tenfold increase in revenue over the past three years. As part of this new financing, Compounding Capital owner Kasper Grundtvig Knokgaard will join Arkyn’s Board of Directors. Arkyn recently signed a new customer contract with a major firm in the oil and gas sector, reflecting its expanding presence in global industrial markets.
The funding will also enable Arkyn to introduce advanced AI features intended to reduce administrative tasks for technicians and further improve workflow efficiency. The company expects these enhancements to drive increased productivity and ease of use across maintenance teams worldwide.
Trifork Labs, which helped launch Arkyn, continues to support the company’s commercial expansion and product strategy. Arkyn’s growth reflects the broader Trifork Labs model of building and investing in high-potential technology companies focused on complex enterprise use cases.
KEY QUOTES
“Building modern frontline worker apps that integrate fully with SAP in real-time is a highly complex task, and it requires decades of SAP experience to pull off. Arkyn’s impressive founder team of Martin Holm Nielsen, Rune Durhuus-Andersen and John Stubbe has a combined +60 years of experience creating user-friendly apps that ease and optimize the end-user interaction with SAP in global enterprises – with strategic partners like Apple supporting the journey. As one of very few providers globally, Arkyn has managed to climb that mountain. When you see the Arkyn products at work, it becomes clear how unique the user-friendly interfaces are, combined with the real-time updates back to SAP. It’s a true gamechanger for technicians operating in the field, and most first-time users are blown away.”
Kasper Grundtvig Knokgaard, Owner, Compounding Capital
“Arkyn’s revenue has increased tenfold over the last three years, and this investment enables us to continue our strong development. We are especially excited about penetrating the US and DACH markets further, in combination with launching a range of new features. Not least AI features that allow the frontline worker to spend even less time on admin tasks or finding information, and instead focus on the technical tasks. We are excited to welcome Compounding Capital onboard and are thankful for the continued support from Trifork Labs.”
Martin Holm Nielsen, CEO and Co-Founder, Arkyn
“The success of yet another Trifork spin-out is a powerful validation of the Trifork Labs model. Working as an innovation and go-to market partner with Arkyn, we have established growth and a solid pipeline in North America with Arkyn’s game-changing SaaS mobile solutions, FastWork and FastPlan for SAP. Being able to attract external capital further validates our business model in Labs, and we look forward to the journey ahead with Compounding Capital.”
Jørn Larsen, CEO, Trifork Group
