Vultus and nHack to cooperate in Asia

30.04.2018

nHack is proud to hereby announce an investment in the leading Swedish technology company Vultus.

Vultus is a Southern Sweden-based agriculture technology company centered around spectral and image analysis from remotely sensed data. The company has developed new technology providing unique insights into plant spectrometry that allows quantifying plant health and fertilizer needs. Vultus technology provides proprietary insight to farmers for precision farming, depending on crop types and climatic zones.

nHack is a venture investor focused on helping Nordic businesses expand in China and other Asian countries. The company is closely partnered with Danske Bank and WeWork. nHack has offices in Beijing, Shanghai, Shenzhen and is about to open new operations in Hangzhou and Singapore.

Vultus Co-Founder William Håkansson said: "Vultus is very excited to join forces with nHack, as it will open great opportunities in Asian countries. For us, as an Agtech startup, Asia is a key market to enter, and we are happy to bring on nHack to help us secure the future growth.''

"Vultus is one of our first startup investments in Sweden, where we aim to expand our investment operations in 2018. We expect to find many internationally scalable companies in Sweden with its vibrant startup scene", - nHack founder Chris Rynning.

The terms of the investment have not been disclosed.