Malmö-based startup ELVA11, which develops software and AI solutions to solve complex business challenges, has raised €1.8 million (SEK 20 million) in a round led by Tech Universal Ventures (TUV). The investment aims to accelerate growth and fuel product development.
- Founded in 2025 by Jim Roslund, ELVA11 is a software and AI development company focused on creating customized software solutions and AI applications to solve complex business challenges.
- The firm specializes in AI, machine learning, system development, cybersecurity, and consulting.
- ELVA11 collaborates closely with clients to deliver tailored solutions that integrate smoothly with existing systems, while ensuring flexibility and scalability.
Details of the deal
- The round was led by Tech Universal Ventures (TUV), an investment group founded in 2015. The firm invests in cutting-edge ventures across the fields of technology, education, and intellectual property.
"Our decision to invest in ELVA11 was based on a strong conviction that they represent the future of intelligent software development. We’re excited to be part of their journey and to help them expand their reach globally," claims a spokesperson for TUV.
- The fresh capital will help ELVA11 grow faster, expand internationally, and improve its products. It will be used to scale their AI and software solutions, attract top talent, and continue developing innovative technologies like machine learning and cybersecurity.
"We are incredibly excited about our new partnership with TUV. This investment not only validates the hard work and vision of our team but also gives us the resources to scale faster and serve our clients even better," CEO of ELVA11, Jim Roslund, commented.
