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PRESS ANNOUNCEMENT

May 21, 2015

 

Acconeer AB, a leading innovation company in the mobile sensing area announces that it has raised a SEK 20 million investment round lead by BGA Invest, the company also announced the appointment of Lars Lindell as new CEO, effective from May 15th.

 

Tord Wingren, Chairman of Acconeer AB  commented, “we are very proud to announce both the closing of our latest funding round which was oversubscribed and the recruitment of Lars Lindell. The interest for this funding underscores the disruptive nature of Acconeers sensing technology at the same time as it enables the company to take its offering into a commercial product”.

Mr Lindell brings +20 years of experience working in various capacities within the information technology and telecom industries. Mr. Lindell most recently held the position of VP sales of Ericsson business unit Modems and prior to this was the country manager for the same business in Japan for 8 years. Prior to joining Ericsson Mr. Lindell was VP of the CDMA business unit of Interwave Communication (NASDAQ), a pioneer in wireless communication in Mountain View, California.

Mr. Lindell has an M.B.A. from University of Cambridge, England and a Master of Science Electrical Engineering, with specialization in Telecommunication from Lund Institute of Technology, Sweden.

Tord Wingren Chairman of the board commented "We are pleased to have an information technology industry leader of the caliber of Lars Lindell to lead Acconeer into the next step. With his tenured experience in technology design, sales, marketing and finance Lars will be instrumental in establishing Acconer AB as a world leading sensing company.  Mr. Lindell will work together with Dr. Mikael Egard and Dr. Mats Ärlelid to build an exceptionally strong team taking the business to an internationally competitive level. “

 

About Acconeer

Acconeer is a leading start-up company based in Lund, south of Sweden, in the hottest region for mobile technologies in Sweden, at Ideon, developing a truly leading ultra-low power, high precision 3D sensor which will revolutionize the way that mobile devices interpret their surroundings. Acconeer’s patent pending µW power and millimeter precision sensor will be a robust and cost effective solution for applications ranging from virtual reality and gaming to security and robot control. Information from the sensor can also be used to identify different materials and for practical applications, such as taking measurements of your shirt size before you order online. These are just examples of the wide range of possibilities of application areas for the sensor.

Acconeer was founded 2011 by the technology entrepreneurs Mikael Egard and Mats Ärlelid, together with Professor Lars-Erik Wernersson och Lund University, LU Innovation System AB. Acconeer have since inception been supported by ALMI invest.

 

About Almi Invest 
Almi Invest is Sweden’s most active early stage investor. We invests in Swedish companies with scalable business concepts and prospects for long-term capital growth. Through the support of our experienced investment managers, capital and networks, we create opportunities for businesses to grow and compete in a global market. We are located across the whole of Sweden, with regional knowledge and an international perspective. Our portfolio consists of 400 growth companies in many different industries. Almi Invest is a subsidiary of the Almi Group.

 

Contact: Chairman of the Board, Tord Wingren, tord.wingren@telia.com, +46705900567

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