The younger Viennese firm imd Biotech, which is growing a know-how platform and particular sensors for measuring biomolecules, has raised 400,000 euros in a brand new spherical of financing. The staff desires to make use of the recent capital to deliver its know-how nearer to market readiness. Among different issues, the younger firm’s answer is meant to make processes within the meals trade simpler and safer. The spherical was led by enterprise angel and present investor Niki Futter.
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Tech from imd doesn’t want a laboratory atmosphere
With the fairness capital acquired thus far and because of funding, imd’s know-how is presently at a know-how readiness stage of 5-6 (out of 9), in line with the startup. “If we will now leverage the cash from the present spherical of capital will increase with subsidies, we will deliver our product to market maturity and use the product to simplify and make many processes within the meals trade safer,” says the younger firm.
According to the corporate, the imd know-how is simple to make use of and cheap. It can be utilized outdoors of laboratory environments and doesn’t require laboratory-trained personnel. The doable makes use of must be numerous. They vary from very speedy checks for pathogenic micro organism in meals and feed manufacturing to point-of-care use in human and veterinary medication. In the long run, use within the house space can also be conceivable, for instance for monitoring long-term therapies.
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Investors like Niki Futter and Hansi Hansmann on board
The startup initially focused human medication for the primary Go2Market. But excessive bureaucratic and authorized hurdles led the staff to focus as a substitute on the world of meals security. Market entry is deliberate for 2026.
The fundamental know-how was developed between 2018 and 2020 as a part of an FFG spin-off fellowship on the University of Vienna. imd was based by Thomas Werzer collectively along with his long-time mentor Christian Zafiu. Also within the founding staff are Martin Hammerschmid and Peter Werzer, two managers with gross sales and enterprise expertise. imd presently employs ten individuals.
Lead investor Niki Futter believed within the thought and the staff proper from the early levels. In additional rounds of funding, the younger firm stated it was in a position to deliver different well-known buyers similar to Hansi Hansmann, Johann Steszgal, meals trade consultants Alfred Karl and Gernot Rericha in addition to enterprise managers on board. Martin Wagner, meals professional and imd’s Academic Mentor/Scientific Advisor from the University of Veterinary Medicine Vienna can also be one of many supporters.