Armada Fund V has closed its eleventh investment and, by providing financing, supported management, founders and the investor consortium for the buyout of Simplifai AS (“Simplifai”) from the listed company Elop AS. The investment consortium comprises Norwegian growth investors such as Montin, a well-renowned Norwegian growth investor, among others. Headquartered in Oslo and founded in 2017, Simplifai’s SaaS solution offers AI-powered Digital Employees to effectively handle repetitive & time-consuming tasks. Simplifai has developed a software that interprets human communication consisting of free text in multiple languages and executes pre-defined assignments, freeing up valuable time and resources for its global client base.
“We are excited about teaming up with the management of Simplifai and together with the investment consortium support the Company’s significant growth potential. Simplifai has already a strong position in its niche within the fast-growing industry of Natural Language Processing and we find this investment an attractive addition to our portfolio, given among others corporate’s focus on improving its client service and general growing trend of AI technology supportive cost-effective solutions”, commented Jan Wiklund, Joint Managing Partner of Armada Credit Partners.
For more information, please contact:
Jan Wiklund (+46 705-514054) or Johan Svaxén (+46 703-606553) at Armada Credit Partners.