Plural leads $20M Series A round for Danish company Teton.ai

Venture capital firm Plural has led a $20M Series A round for Danish company Teton.ai, with participation from Bertelsmann Investments, Antler Elevate, Nebular, and PSV Tech.

Teton.ai is a Danish company that uses its own artificial intelligence and computer vision technologies to predict elderly care needs. For example, the Teton.ai platform tracks key health indicators and records changes. The company was founded in 2020 in Copenhagen by Esben Thorius and Mikkel Wad Thorsen.

Founded in 2022 by Estonian entrepreneurs Sten Tamkivi, Taavet Hinrikus, Ian Hogarth, and Khaled Helioui, Plural focuses on leading early-stage rounds between €1M and €10M. In 2023, a new partner, AI-driven biotech HelixNano founder, and VC investor Carina Namih joined Plural. The fund has its own rule that requires all of Plural's partners to make personal co-investments in the deals they lead.

Bertelsmann Investments is an investment platform that collaborates with leading entrepreneurs and venture capital funds around the world. The company was founded in 2016 and is headquartered in Gütersloh, Germany.

Antler Elevate is a Series A+ fund launched in 2021 by Antler. The fund's goal is to support breakthrough companies from Antler's portfolio in the early stages and invest in new startups in more than 20 global technology ecosystems.

Nebular is an early stage venture capital firm focused on providing funding and investment services. The company specializes in pre-seed and seed funding with a thematic and concentrated approach to investment. It primarily serves the startup ecosystem, offering financial support to emerging companies. It was founded in 2023 and is based in New York, New York.

PSV Tech is a Danish venture capital firm founded in 2020. It was established at the Technical University of Denmark (DTU). The company's goal is to support startups in the fields of artificial intelligence, software, and digital infrastructure.