Uppsala, Sweden – 23 October, 2025 – Tribonex AB, the industry lead in innovative surface treatments for friction and wear reduction, is delighted to announce the successful completion of a new share issue, raising a substantial 15.7 MSEK. New investors in the round are Turbine Capital, a VC fund investing in early-stage deep tech companies solving the world’s toughest challenges, alongside Almi Invest GreenTech, a state-backed climate tech fund investing in companies with solutions that have significant impact for the climate.
“Tribonex represents the kind of research-based, industrially relevant innovation we want to back,” said Karin Edström, Founding and General Partner at Turbine Capital. “The team has taken world-class tribology research and turned it into a drop-in process that fits seamlessly into how manufacturers already work. The ability to move from proof-of-concept to serial production using existing machines enables scalable, efficient and sustainable surface treatment.”
The fresh capital injection comes at a turning point for Tribonex, as the company has successfully completed several proof-of-concept projects with leading OEMs and tier-one suppliers treating critical components within electric vehicles, hydraulic pumps, bearings, aerospace joints as well as heavy-duty engine, driveline and fuel systems. The result is a substantial reduction in friction and wear, which cuts energy losses, service and maintenance costs and prolongs the product’s operating life.
“The Triboconditioning® treatment has shown great potential in increasing the durability and lifespan of our hydraulic motors. By treating key components, we can reduce losses by more than 20% compared to traditional finishing methods and decrease wear several times over,” says Daniel Svanbäck Senior Development Engineer, Bosch Rexroth AB.
The funds raised will support a wide implementation of the processes directly within customers’ production plants. Since the process can be seamlessly integrated into standard mass-finishing equipment, advanced surface performance can be achieved without sending components to external coating suppliers. Instead, the treatment is carried out in-house using existing machines, reducing transport needs and shortening lead times.
“We are so proud to have Turbine Capital and Almi Invest GreenTech as new investors in the company, supporting our continued growth and enabling collaboration beyond the scope of funding. We look forward to this partnership and the opportunities it brings through their network. Their investment underscores the importance of our work as industries move toward more energy-efficient and sustainable solutions. It also provides a strong foundation for accelerating the broad implementation of our solution across the industrial and automotive markets,” says Christian Kolar, CEO at Tribonex.
Participating in the round is also existing main shareholder First Venture Sweden AB.
“We are delighted to welcome Turbine Capital and Almi Invest GreenTech as new investors in Tribonex,” says Rune Nordlander, Founding partner First Venture and Chairman of the Board at Tribonex. “Over the past year, the company has achieved great success in customer testing and in scaling up production. The impact that its groundbreaking surface treatment can have on product efficiency and durability across a wide range of applications is truly outstanding. Together with Turbine Capital and Almi Invest GreenTech, we look forward to actively supporting and guiding Tribonex on its promising journey ahead.”
Altogether, Tribonex can now boast a strong investor backing also including InnoEnergy, a leading energy and cleantech investor that is also a major shareholder and were the lead in the previous investment round in 2023.
For inquiries and further insights, please contact:
Christian Kolar, Tribonex AB
Tel: +46 70 738 48 49
E-mail: christian.kolar@tribonex.com
About Tribonex
Tribonex is a leading technology provider of advanced, cost-efficient surface treatments that reduce friction and wear in industrial and automotive applications. Designed to integrate seamlessly into existing production lines, Tribonex solutions enable significant gains in energy efficiency, reduced maintenance costs and increased component and product life spans. Our customer base ranges from car and heavy duty vehicle producers to industrial machine and system manufacturers within hydraulics, motors, pumps, generators, rock-drills and tooling where combating friction and wear are of high importance.
Further information is available on the company’s website; www.tribonex.com
About Turbine Capital
Turbine Capital is an early-stage deeptech VC fund backed by multiple corporate investors and university affiliated incubators, marking a new model in Europe for industry-wide and cross-sector collaboration in venture capital. With a 15-year investment horizon, Turbine Capital combines financial backing with strategic industry partnerships to drive long-term innovation and global growth.
For more information visit www.turbinecapital.vc
About Almi Invest GreenTech
Almi Invest GreenTech is a Swedish venture capital fund that invests in companies developing climate-friendly technologies to reduce greenhouse gas emissions. It manages a €65 million fund and focuses on areas like renewable energy, energy efficiency, electric transport, sustainable materials, and circular economy solutions. The fund makes early-stage investments in companies that have the potential for both strong climate impact and global scalability.
For more information visit https://www.almi.se/en/venture-capital/meet-the-team/almi-invest-greentech/
About First Venture Sweden AB (publ)
First Venture champions investment in dynamic entrepreneurial teams across technology, health, and sustainability sectors. They diversify their portfolio by investing in both unlisted and publicly traded growth-oriented companies. As a long-term stakeholder, First Venture maintains an active ownership role, forging close collaborations with the entrepreneurial teams of its portfolio entities. Headquartered in Stockholm, First Venture’s stock is traded on the Nasdaq First North Growth Market under the ticker FIRST B.
Further more information visit www.first-venture.se
