NFA closes financing round totalling SEK 48 million – making a major push into physical AI for forestry machinery

Nordic Forestry Automation (NFA) has closed a financing round totalling SEK 48 million (EUR 4.3 million). The investment is led by Navigare Ventures and Almi Invest Greentech. The funding will finance NFA’s global expansion of advanced operator support systems, as well as the development of the company’s next-generationsoftware for semi-autonomous forestry machinery.

In connection with this round, Almi Invest Greentech and LRF Ventures become new minority owners of NFA. The investment amount represents one of the largest ever in a forestry technology startup in Sweden. All existing owners—Navigare Ventures, Sveaskog, Södra Skogsägarna, and Almi Invest Syd—are following up on their initial investments in NFA.

”The development of operator support and automation is moving rapidly forward across all vehicle types, and NFA is leading the way in forest machinery. Succeeding in physical AI requires a highly competent team, vast amounts of training data from real production environments, and long-term financing. In our vertical, we are now uniquely equipped with a strong position across all these pillars. Our team's expertise and our data infrastructure have been our strengths since the beginning, and with this round secured, NFA has every opportunity to continue leading the development of physical AI in forestry.” — Lars Svensson, CEO and co-founder of NFA.

NFA’s proprietary software provides forestry machinery with the unique ability to measure trees in real time, continuously supporting the operator during execution. Today, NFA’s first product—an operator support system for thinning—is deployed on forestry machinery in real-world commercial operations across 7 markets on three continents. During 2025 and 2026, development and testing commenced for next-generation products, which include tree species identification, stem shape measurement, and semi-automation.

"We have followed NFA for three years and see significant development potential in the company's AI-based technology for forestry machinery. Through its technology, NFA delivers direct customer value with clear efficiency gains in a large market. At the same time, the solution provides substantial climate benefits to forestry, with increased volume growth and better resource utilization of the harvested forest. This is entirely in line with our investment strategy," — Erik Madeyski Bengtson, Investment Manager at Almi Invest GreenTech

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Broad Customer Base

NFA's technology is continuously developed in real-world operations alongside leading forestry companies in Sweden, Australia, the U.S., New Zealand, the Baltics, and Canada. In Sweden, customers include Sveaskog, Södra Skogsägarna, and Holmen, among others. Inthe United States, NFA collaborates with Weyerhaeuser, the largest private landowner in the country and one of the world's largest forestry companies. In total, NFA systems have now completed more than 20,000 operational hours across roughly a dozen different harvester models.

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“NFA's goal is to improve precision, productivity, and the working environment within global forestry. Operating a forestry machine is a tough job where high production demands and unclear goals are common. This is where our technology can play a decisive role in making every workday less strenuous and improve adherence to local goals and forest conditions. We are pleased to have attracted prominent new investors and thank our existing owners for their continued trust. We will now increase the pace of product development and our global expansion.” — Lars Svensson, CEO and co-founder of NFA

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Press Contact and More Information:
● Contact: Lars Svensson, CEO and Co-founder, NFA
● Phone: +46 (0)73 - 460 68 34
● E-mail: lars@nordicforestryautomation.com
● Website: www.nordicforestryautomation.com

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About Nordic Forestry Automation (NFA)‍

Nordic Forestry Automation (NFA) is a leading forestry technology company that develops next-generation operator support systems and autonomous solutions for forestry machinery. By combining cutting-edge expertise in physical AI, sensor fusion, and robotics with deep insights and close customer relationships in the forestry industry, NFA creates solutions that boosts efficiency, improve the working environment, and enables the forestry of tomorrow.

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About Almi Invest

Almi Invest is Sweden's most active startup investor. Almi Invest makes investments
nationwide through 7 regional venture capital companies and one national venture capital
company focused on GreenTech. Almi Invest manages approximately SEK 3.5 billion and
has invested in around 1,000 startups since its inception. Our most successful portfolio
companies have been acquired by the likes of Google, Microsoft, Qlik, and Apple, or have
been listed on various stock exchanges. Almi Invest is a venture capital company within the
Almi Group and is co-financed by the European Union.

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About LRF Ventures

‍LRF Ventures is an engaged investor deeply rooted in the agricultural and forestry sectors.
The company firmly believes that innovative startups—those bold enough to challenge the
status quo with smart, creative, and scalable solutions—play a crucial role in driving growth
and profitability across Swedish agriculture and forestry. A thriving agricultural and forestry
sector forms the bedrock for developing a sustainable society. LRF Ventures contributes
capital, relevant expertise, and extensive networks to support this mission.

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About Navigare Ventures

‍Navigare Ventures is an early-stage investor specialized in science-driven companies.
Through our investments, we strengthen the industrial and societal impact of research, as
well as the long-term financial capacity of our owners, Wallenberg Investments AB.

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About Sveaskog

‍Sveaskog is Sweden's largest forest owner and is owned by the Swedish state. Sveaskog’s
mission is to create value from the company's forests and land through responsible and
long-term management, while simultaneously contributing to the achievement of Sweden's
national environmental and climate goals, as well as the global goals of Agenda 2030. Every
day, the company's 830 employees work to balance the ecological, economic, and social
values of the forests and land to ensure thriving forests for the future.

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About Södra Skogsägarna

‍Södra is Sweden's largest forest owners' association, with more than 50,000 family forest
owners as members. Together, Södra’s members own a world-leading industry that
processes forest raw materials into renewable products in the areas of pulp, timber, building
systems, energy and biochemicals.

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