Top 50 Hardware Startup Investors in Portugal in October 2023

Portfolio highlights

• HiJiffy — Increase direct bookings and upselling with HiJiffy's AI-powered communication solutions for hospitality.
• MyCareforce — The platform that connects nurses to available shifts.
• Floating Particle — Floating Particle is a technology and innovation company that drives an innovative solution for waste management and clean energy. Floating Particle specializes in IoT, Big Data and Machine Learning to provide cutting-edge technology to the customers.

Portfolio highlights

• HiJiffy — Increase direct bookings and upselling with HiJiffy's AI-powered communication solutions for hospitality.
• Probely — Probely is a web application and API vulnerability scanner for agile teams. Automate Security Testing by adding Probely into your SDLC and CI/CD pipelines.
• Infraspeak — Infraspeak is an Intelligent CMMS Software that brings outstanding flexibility, connectivity and intelligence to your operations.

Portfolio highlights

• Appentra — The first static code analyzer that increases the performance of C/C++ code. Write hardware-friendly code that runs faster on modern hardware.
• StudentFinance — Catapult your career with leading re-skilling and up-skilling bootcamps. Study now and pay us back once you land a job & start earning!
• Miles in the Sky — Embark on a journey with Miles to upgrade your learning experiences. Our unique model provides a better way to increase learner engagement and improve knowledge retention.

Portfolio highlights

• LOQR — Increase your business and reduce costs with the best AI-Powered Journey-as-a-Service provider for financial institutions.
• Enline — Technology for Power Systems, TRANSMISSION AND DISTRIBUTION SYSTEM OPERATORS, INDUSTRY AND MINING, ENGINEERING & CONSTRUCTION, INSURANCE AND CONSULTANCY, UTILITIES & POWER GENERATION, ENLINE MONITORING SYSTEM, ENLINE DYNAMIC LINE RATING, ENLINE FAULT LOCATION, ENLINE POWER OPTIMIZATION .
• Automaise — Radically improve your customer care operations by focusing where the volume is and helping your agents do a better job.

Portfolio highlights

• Ukio — Artfully designed fully furnished apartments available for extended stays
• Trebellar — Trebellar provides advanced data analytics for building occupancy, energy efficiency, and climate optimization. Maximize your workplace productivity with our intelligent building solutions.
• Guud Woman — Verbeter je cyclus met Guud Woman. Onze supplementen ondersteunen je hormonen en vruchtbaarheid, bevorderen een gezonde huid en meer.

Portfolio highlights

• Chord — Chord is the leading composable commerce platform for omnichannel or direct-to-consumer companies. Commerce data intelligence, recommendations, and modularity.
• Didimo — Didimo creates realistic high-fidelity digital humans. Simple, fast, accurate user-generated avatars to integrate into your app, game or site.
• Probely — Probely is a web application and API vulnerability scanner for agile teams. Automate Security Testing by adding Probely into your SDLC and CI/CD pipelines.

Portfolio highlights

• Membrion — Remove Problematic Ions to Expand Capacity, Ensure Compliance, and Eliminate Costs with Electro-Ceramic Desalination
• Ittinsect - Feed for the Ocean — Zero ocean impact aquafeed. Ittinsect aims to reduce overfishing in the oceans thanks to insect based aquaculture feeds.
• Spotlite — Spotlite - Satellite-based innovative infrastructure monitoring solutions.

Portfolio highlights

• 360hyper — The groceries marketplace where you can find everthing you need. Buy online groceries as fast as in 4 hours with personalized picking.
• Musiversal — Record your music in real time with world-class session musicians, vocalists, producers and audio engineers
• Brands&Ninjas — SaaS to control the performance of physical marketing campaigns on retail.

Portfolio highlights

• 77 Sol — 77 Sol is a solar energy technology company. 77 Sol offers technology, equipment, financing, and solar energy professionals. They deliver to our integrators, installers, engineers, and partner resellers a digital distributor in the form of software as a service for photovoltaic equipment.
• APLANET — Aplanet provides the most complete software tools for CSR and sustainability professionals to manage their day-to-day. Their mission is to bring social responsibility to the forefront of business objectives by empowering organizations with the tools to manage, measure, and showcase their impact.
• Mixergy — The Mixergy Tank - heat what you need, live better, save money, and reduce your impact on the environment. Market leaders in hot water tank innovation and in the decarbonisation of heating hot water in the home.

Portfolio highlights

• Pleez — Pleez offers Restaurant's an optimisation of their menu within Delivery Platforms, so that they can have a revenue increase up to 25%.
• Reckon.ai — Reckon.ai have been working with several retail customers for the last years and they found that the task of competitive analysis in this vertical is still in the early days of what modern technology can do for them. You wouldn’t believe the number of problems and inefficiencies screaming for solutions in the digital age.So they decided to buildReckon, a cloud platform for smart retail product analysis and price comparison that uses powerful machine learning algorithms, data fusion and computer vision to reshape the way retailers get their competitive intelligence data.
• Relive — Relive is empowering the next generation of real estate entrepreneurs, with a mobile app that allows them to work for themselves, from anywhere, while saving time and earning commissions faster.

Portfolio highlights

• Kern AI — Kern AI offers services in the field of natural language processing that enable a range of interaction modes between humans and machines. They manage natural language products, ETL pipelines, and workflows. The company's contact modes are mail and physical address.
• subdron — subdron focuses on data processing in underwater inspections and autonomous underwater navigation.
• 1s1 Energy — 1s1 Energy is developing material technology for PEM water electrolysis systems for green hydrogen production. The company's mission is to develop viable and scalable solutions to reduce carbon emissions within the decade. 1s1 Energy Inc. was founded in 2019 by Daniel Sobek, Sukanta Bhattacharyya, and T. Don Tilley.

Portfolio highlights

• HypeLabs — HypeLabs is the company that created the Hype SDK, an interoperable mesh networking software that improves connectivity on all kinds of devices, from mobile to desktop to IoT, allowing them to connect even when there is no internet. The software works by intelligently connecting devices in local mesh networks using existing connectivitytechnologies, such as Bluetooth, WiFi, LoRa and others. This network enables content to securely hop between devices, until it reaches a destination or an Internet exit point, improving range and deliverability.Founded in 2016, the company is located in San Francisco (USA), Porto (Portugal), London (UK) and Krakow (Poland). AngelPad #10 (Spring '16) alumni & Deutsche Telekom WARP alumni.
• Musiversal — Record your music in real time with world-class session musicians, vocalists, producers and audio engineers
• Sensefinity — Sensefinity The Blockchain IoT Transformation Company Building the Internet of Cargo Where Assets autonomously connect to processes

Portfolio highlights

• WEEZIE — Weezie offers all-in-one fiber network management software focused on the automation and digitalization of all internal processes.
• Glartek — Glartek's product enables an Augmented & Connected team to bring more efficiency, safety and most of all excellence to industrial operations.
• HypeLabs — HypeLabs is the company that created the Hype SDK, an interoperable mesh networking software that improves connectivity on all kinds of devices, from mobile to desktop to IoT, allowing them to connect even when there is no internet. The software works by intelligently connecting devices in local mesh networks using existing connectivitytechnologies, such as Bluetooth, WiFi, LoRa and others. This network enables content to securely hop between devices, until it reaches a destination or an Internet exit point, improving range and deliverability.Founded in 2016, the company is located in San Francisco (USA), Porto (Portugal), London (UK) and Krakow (Poland). AngelPad #10 (Spring '16) alumni & Deutsche Telekom WARP alumni.

Portfolio highlights

• Antavo Enterprise Loyalty Cloud — Antavo is an Enterprise Loyalty Cloud, providing best-in-class technology to manage experience-based, paid, and lifestyle loyalty programs.
• Autenti — Autenti is a platform for document authorization and contracting via the Internet. It facilitates the signing of many papers and accelerates the working mode in companies.
• Meisterwerk — B2B SaaS Operating System for SMB field service and craftsman companies

Portfolio highlights

• Algori — Improving FMCG growth with the fastest and most granular insights from 45,000 shoppers in Spain
• Cargofive — Cargofive is the digital solution that will allow your freight forwarder to access to maritime rates from different providers in one place.
• MyCareforce — The platform that connects nurses to available shifts.

Portfolio highlights

• Harmonya — The all-in-one AI-powered product data enrichment, categorization, and insights platform for CPGs and retailers
• Infraspeak — Infraspeak is an Intelligent CMMS Software that brings outstanding flexibility, connectivity and intelligence to your operations.
• Afresh — A solution built specifically to manage fresh department inventory, forecasting, ordering, merchandising, and store operations. Afresh eliminates food waste, improves perimeter operations, and transforms demand planning chainwide.

Portfolio highlights

• hOS — hOS is an early-stage AI technology company.
• CBR Genomics — We are shaping the Future of Personalised Medicine
• Watchful Software — Watchful Software is focused on providing data-centric information protection that works. With the massive amounts that have been invested in securing the network perimeter, one thing has become painfully clear: today's enterprises must secure the information itself.

Portfolio highlights

• Kertos — Kertos is a software company that develops and provides a holistic privacy platform in Europe, implementing automation and execution in a highly regulated environment focusing on the operational needs for all stakeholders involved. With their focus on product, integration, and automation they enable businesses to scale, to adopt and to maneuver inmodern tech environments with only a fraction of the current workload. They drive consumer engagement and help companies to interact with their customers in sensitive matters.
• Meight — Run your cargo on budget and on time with a few simple clicks, from your laptop. Forget phone calls, driver headaches, hardware and tech nightmares, forever.

Portfolio highlights

• Levity — Train your own AI on documents, images, or text data to perform daily, repetitive tasks so your team can reach the next level of productivity. No code required.
• consalio — The advisor spend management solution that helps management to stay in control of the advisor spend.
• Unlock — Unlock is a video-based platform packed with unique experiences your team will love.

Portfolio highlights

• Aito — BRINGING SURFACES TO LIFE Integrated finger sensing & haptic technology Creating unparalleled haptics experiences Fully customisable solutions Our Propo ...
• ROCSYS — Meet the world's first autonomous charging solution for electrical vehicles in public transportation, logistics, material handling, and passenger cars.
• Sensorfact — Sensorfact offers smart energy savings in the manufacturing industry. The company is a smart advisor for the industry who translates sustainability to day-to-day language and specific actions. No complex sensor technology, no complex software and no complex business models. We make sustainability understandable and transparant.

Portfolio highlights

• Watchful Software — Watchful Software is focused on providing data-centric information protection that works. With the massive amounts that have been invested in securing the network perimeter, one thing has become painfully clear: today's enterprises must secure the information itself.

Portfolio highlights

• BIZAY / 360imprimir — • Bizay has empowered more than 1 Million SMB’s to grow their businesses during the last 5 years.• Bizay is a tech-based B2B Marketplace for made-to-order products. Running a fabless business model (no capex), it leverages on the idle capacity of production partners to meet the needs of the SMB’s.• Started on printing, packaging, textile andprofessional products and now applying the same model in furniture, food and 3D printing (amongst others).• 360imprimir / 360onlineprint - rebranded to Bizay - Your bussiness your way - to reflect the unlimited product categories. • Bizay is the customer facing brand (the SMB’s do not meet the production partners) and its tech platform manages the production by: o Using data and algorithms to aggregate different orders and to decide in which suppliers to produce them, driving huge efficiency and speed gains. o Enabling full tracking of the orders in the different production partners and automating pre-production processes.• Bizay differentiates themselves from other players by offering: o Online configuration of the products (options to customize and personalize). o Competitive pricing for small and medium orders (similar price per unit as for large orders), 48 hours of delivery time (instead of several weeks) and guaranteed quality (customer-facing brand ensuring high quality levels). o Integrated value chain in a single offer (on-demand design services provided by external providers).• Originally selling in Portugal, Spain, Brazil and México, the company raised B round of 18m€ one year ago (communicated in April) in order to launch new countries.• 17 new countries were launched in 2019 simultaneously (including DE, FR, UK and USA).• In 2019, 8 months of trading in the new countries confirm: o Competitiveness pricing of their offer in all the market. o Market deepness and sound acquisition metrics.
• Promptly — Health Analytics Patient Report Outcomes, Health Care, Value based health
• NVision Imaging Technologies — NVision Imaging Technologies is leveraging advances in quantum physics to enable the first routine, convenient and affordable use of Magnetic Resonance Imaging (MRI) for assessing early patient response to cancer treatment at the metabolic level.

Portfolio highlights

• Better Stack — Delightful observability tools that turn your logs & monitoring into a secret weapon for shipping better software faster.
• TruckSmarter — Our mission is to empower truck drivers lives across the US through technology and grit.
• Teleport — Teleport is ridesharing reimagined as a protocol. By distributing ownership and governance of the network, riders get cars cheaper and faster, drivers earn more, and entrepreneurs can innovate on top.

Portfolio highlights

• AudioMob — Monetizing mobile games non-intrusively using audio ads! AudioMob are the creators of Audio Enhanced Banners & Rewarded Audio
• Flowdesk — The new standard for market-making and crypto-financial technology. Market-making as a Service, brokerage, custody of cryptocurrencies.
• StageZero Technologies — StageZero inserts in-app ‘MicroTasks’ into mobile games; bite-sized activities that users can complete in exchange for rewards and perks, including coins and extra lives.

Portfolio highlights

• Doppio Games — Harnessing the power of AI to craft groundbreaking games you can play using only your voice. Setting the stage for the next gen of entertainment.

Portfolio highlights

• Motatos — Motatos is an online retail store that offers a wide variety of food, beverages, and household products to customers.
• Matsmart — Matsmart sells surplus food online. A major part of the food would otherwise be thrown away due to packaging changes, short or expired expiry dates or other reasons. During 2017, Matsmart saved 2022 tonnes of food from going to waste. The company has seen explosive growth, reaching recurring revenues of SEK 200 million. Matsmart was founded by KarlAndersson, Erik Södergren and Ulf Skagerström, and launched in Sweden in 2014. Since then, the company has also expanded to Norway and Finland. Long live the food!
• Sensei — We are the leading European provider of autonomous stores, with an AI-powered solution to build efficient operations and deliver a seamless shopping experience.

Portfolio highlights

• Stokelp — Stokelp is the first overstock recovery marketplace dedicated to food manufacturers.
• Jetti Resources — Jetti makes it possible to extract copper from low-grade primary sulfides, such as chalcopyrite, the world’s most abundant copper mineral ore.Jetti’s commercially proven and proprietary catalytic technology addresses the key technical problem preventing the recovery of trillions of dollars of trapped resources. We apply our catalysts to hundredsof millions of tons of ore, and significantly increase copper yields in a cost-effective and environmentally responsible manner.
• Resonance Imaging Group — Resonance Imaging Group provides all patients with access to medical imaging, for increasingly precise diagnoses.

Portfolio highlights

• Meight — Run your cargo on budget and on time with a few simple clicks, from your laptop. Forget phone calls, driver headaches, hardware and tech nightmares, forever.
• Frenter — Helping equipment rental businesses manage their day-to-day operations so they can focus on growing their business in-person and online. Request a Demo today
• Rise — Find your next big thing! Top tech jobs, a supportive professional community, resources, and events. Build your digital presence today, it's free forever!

Portfolio highlights

• Rand — Rand is a fintech firm that offers banking services, savings, deposits, and account opening.
• Moova — Moova is a technological platform that captures idle last mile logistic capacity and transforms it into high efficiency and low cost shipping solutions. The platform connects E-Commerce and retail businesses with a fleet of "Moovers" who complete deliveries on their bicycle, motorcycle, car or van to generate an additional source ofincome. Through route optimization software, real-time traceability, flexible warehousing, and analytics, Moova is propelling the nascent E-Commerce industry in Latin America by reimagining the last mile for a sustainable world.
• AORA — Aora is a complete digital solution for home services. Headquartered in Equador.

Portfolio highlights

• YDreams — Unimos tecnologia sensorial, narrativas integradas e design transformador para permitir que os sonhos mais ousados possam acontecer.

Portfolio highlights

• aconso AG — aconso AG, located in Germany offers software solutions for all documents based processes in the field of HR. aconso AG covers the entire HR- document lifecycle: Automatic Workflows, Flexible Process Control, Document Creation, Output Management as well as Digital Personnel Files.
• e Attestations — e-Attestations publishes online solutions allowing continuous assessment of third party compliance. e-Certificates collect, control, index, archive and update the proofs of compliance.
• Unither Pharmaceuticals — Unither Pharmaceuticals, a French manufacturer of dosage forms for pharmaceutical laboratories, and generic products.

Portfolio highlights

• Community — Community is a text messaging service that connects individuals and organizations instantly and directly to their audiences through text messaging at scale.
• nami — nami is an Artificial Intelligence of Things company. Transform smart devices and systems into intelligent ones for Security, Energy-Saving and Health Care.
• Pivotal Commware — Pivotal Commware was established in 2016 to commercialize a breakthrough in electromagnetic physics, Holographic Beam Forming™ (HBF). Years ago, Pivotal’s founders recognized that wireless demand for data would outgrow the complex coding, multiplexing and modulation schemes that network operators have deployed thus far. Beamforming was theanswer, but existing high cost, size, weight and power-consuming (C-SWaP) solutions were not. That’s why Pivotal assembled a team experienced in advanced commercial antenna and RF circuit design, advanced DARPA technology programs, and, uniquely, active/nonlinear metamaterials. Beyond technology, Pivotal also offers the depth and breadth of skills to develop integrated, end-to-end solutions.

Portfolio highlights

• Bider — Bider finds the best real estate offer to the user's criteria and needs. It began operation on March 1, 2016, with its headquarters in Florianópolis in Brazil.
• Kaasa — Kaasa is a technology startup that connects real estate with repair and maintenance service providers.
• Infraspeak — Infraspeak is an Intelligent CMMS Software that brings outstanding flexibility, connectivity and intelligence to your operations.

Portfolio highlights

• Replai — Without data, creative choices are just guesswork. Replai helps you understand the difference between a creative that your audience acts on and one that is just another scroll.
• sheerME — SheerME is Revolutionising the way people find, book, and pay for their Wellness and Beauty services powered by a benefit-based walletOur approach is based on Discovery, Transaction & Reward to create more online visibility, reach, conversion into new business, loyalty, and frequency through our wallet and cashback ecosystem, to all ourpartners in the beauty and wellness sectors.This made us a fresh and different option in this sector where there are mainly SaaS players, and we bring marketplace with no monthly fee, only a commission for business sent through our owned and partner channels.
• MIGHTY — MIGHTY is a maker of healthy food fridges for the workplace. Their healthy food fridges use a software platform that organizes and coordinates logistics with local storage and distribution partners.

Portfolio highlights

• Satisfi Labs — Transform your customer interactions with conversational marketing powered by our AI Chat. Our solution provides consistent and scalable conversations across
• Instreamatic — We enable direct voice communication between consumers and companies across billions of existing touchpoints
• Wysa — Use Wysa to vent or just talk through negative thoughts and emotions. Let it help you cope with pandemic anxiety and lockdowns. It is anonymous, safe and free.

Portfolio highlights

• Zharta — Zharta is a peer to pool protocol that enables its users to apply for real-time loans by using NFTs as collateral.
• sheerME — SheerME is Revolutionising the way people find, book, and pay for their Wellness and Beauty services powered by a benefit-based walletOur approach is based on Discovery, Transaction & Reward to create more online visibility, reach, conversion into new business, loyalty, and frequency through our wallet and cashback ecosystem, to all ourpartners in the beauty and wellness sectors.This made us a fresh and different option in this sector where there are mainly SaaS players, and we bring marketplace with no monthly fee, only a commission for business sent through our owned and partner channels.
• advertio — The customer acquisition platform that empowers your business to grow risk-free, where you only pay per results, not promises.

Portfolio highlights

• Carbonated — Carbonated's main focus is its upcoming mobile shooter, which uses AI to make the typically hardcore genre more accessible and easier to play with just one hand. It is also developing its own live ops system, Carbyne, which it will use to quickly deliver updates to its game.
• Doppio Games — Harnessing the power of AI to craft groundbreaking games you can play using only your voice. Setting the stage for the next gen of entertainment.
• Playable Worlds — Playable Worlds builds the most alive online worlds ever -- powered by cloud-native technology that enhances all types of play.

Portfolio highlights

• Isometric — Isometric is a carbon removal registry and science platform
• TreesPlease Games — TreesPlease Games develops various computer and online games. The company is headquartered in London.
• Scriptic — Scriptic, interactive story games on mobile.

Portfolio highlights

• Fibersail — Fibersail redefines the knowledge on wind farms, through a reliable and cost-efficient shape sensor able to monitor each deflection.

Portfolio highlights

• Unagi — Collect your favorite football players and pick your best 11 every week!
• Multiscription — Multiscription is a cross-product subscription service. Introducing Unleashd, the first in-game and cross-publisher subscription service for free-to-play games.
• Esports Coaching Academy — ECA's software solution consists of an educational hub and a SaaS solution that provides exercises and complete programming for esports clubs and coaches.

Portfolio highlights

• Tellie — Create a free website/link-in-bio to market your art, release new music, increase your followers, sell merchandise, and share your portfolio/resume/EPK. Token Gate all.
• Coherence — Unlock your multiplayer possibilities
• Glean AI — Glean AI is the only Accounts Payable solution that combines smart automation with spend intelligence and powers Finance teams to drive material savings.

Portfolio highlights

• Paiger — Paiger helps recruiters build personal brands, identify new business opportunities, attract candidates, and have better conversations.
• Dealroom.co — Dealroom helps professional investors, corporates and local governments to discover & track innovative tech companies.
• Qyuns Therapeutics — Qyuns is developing six candidates, most of them interleukin antibodies. It has two biosimilar drugs in China clinical trials, including a biosimilar to tocilizumab, a Chugai drug marketed as Actemra for various rheumatoid arthritis conditions.

Portfolio highlights

• Meight — Run your cargo on budget and on time with a few simple clicks, from your laptop. Forget phone calls, driver headaches, hardware and tech nightmares, forever.

Portfolio highlights

• Gentreo — Gentreo helps you create the important documents you need for official estate planning, including your Will, Power of Attorney, and more. Get started today!
• Senso.ai — Senso is a fintech startup using artificial intelligence to provide financial institutions with recommendations on how to strengthen client relationships.
• Doppio Games — Harnessing the power of AI to craft groundbreaking games you can play using only your voice. Setting the stage for the next gen of entertainment.

Portfolio highlights

• Span.IO — Span reinvented the electrical panel. Control every circuit in your home from your phone. Contact us!
• Hyper — Hyper is an avatar-based social network. We're building the metaverse.
• Scriptic — Scriptic, interactive story games on mobile.

Portfolio highlights

• MyLADS — MyLADS is a startup that loves fan engagement and sports! To accomplish this goal MyLADS created an engagement tool, where football fans, through an app, get to be part of their favorite football team family. MyLADS stands out because it offers exclusive and unique experiences to the fans, bringing them closer to their club and players, narrowingdown the existing gap. Our lucky users will get access to this money can’t buy experiences and official clubs collectibles patented, the LADS Collectibles.
• Exclusible — We aim to bridge the gap between the physical & digital products of high valued brands. We work with luxury brands seeking to digitalise their products.

Portfolio highlights

• Ochre Bio — Ochre Bio is developing therapies for the biggest liver health challenges.
• ZiO Health — ZiO Health develops multi-functional electronic devices for measuring, testing and detecting the molecular composition of chemical and biological substances for the presence, absence, or quantity of target molecules.
• Nanordica Medical — Nanordica Medical develops novel nanoparticle-based antibacterial wound care products.

Portfolio highlights

• ADAXIS — ADAXIS offers innovative software tools for industrial robotics that unlock new manufacturing processes and maximum value. The company helps operators to select process parameters and reduce the risk of print failure through optimization and process prediction tools based on machine learning. ADAXIS was founded in 2021 and is based in Bidart,France.
• Meight — Run your cargo on budget and on time with a few simple clicks, from your laptop. Forget phone calls, driver headaches, hardware and tech nightmares, forever.
• Alter — Alter is the most secure communications platform built on private blockchain technology powered by Secret Network's Private Smart Contracts and ECDH encryption. Alter has leveraged this technology and made something that was historically available only to limited groups of people, institutions and government organizations - accessible toeveryone and anyone to make sure there's higher control over own data privacy and it is truly secure.

Portfolio highlights

• Nonius Hospitality Technology — Integrated Cloud Based Hospitality Technology Solutions to Enhance Guest Experiences with Chromecast, TV, Wi-Fi, App, Signage and Voice.
• Magnomics — Overview: Magnomics is a diagnostics, medical technology company committed to delivering a new generation of rapid, portable molecular diagnostic tests with applications in the human health, veterinary, and food industry markets. Affordable, disposable diagnostic cartridges will be produced in large scale and shipped via global distributors. Theteam behind the company has world class experience in biotechnology, electronics and physics, with a proven track record in managing start-ups. Magnomics has a Letter of Intent from a leading dairy company and won the 2015 Kansas City Animal Health Investment Forum innovation award, as well as the Ag Biotech Entrepreneurial Showcase award in North Carolina in 2016. €1.6M in seed financing have been raised through grants and investments. Magnomics is seeking €1.5M to conclude the prototyping of its first product in the animal health space. Technology: Magnomics technology stands on four patent families, with more in the pipeline, and has been published over twenty times in prestigious scientific journals. Magnomics provides a portable and affordable PCR device that requires no training to operate. The product integrates sample preparation, amplification and DNA detection within a single cartridge using microfluidics, making use of a novel magnetoresistive DNA sensing technology. Market: The veterinary diagnostics market is hungry for innovation and has low regulatory barriers. This market is estimated at €4 billion, with an 8.6% expected growth for the period 2016 to 2021. Magnomics will focus on the detection of bovine mastitis - an inflammation of the dairy cow’s mammary gland, whose treatment depends on the bacteria involved. This ailment causes over €30 billion in annual losses for producers worldwide. In the initial target markets (North America, Europe and Brazil), there are 56 million dairy cows with an average mastitis base incidence 30%. Given a €25 price tag and some segmentation, this amounts to a serviceable market of close to €300M, in which a penetration of 10-15% is expectable. The product can be sold either directly to farmers or to veterinarians: strategic partnerships are being negotiated with large pharma/dairy players to ensure market access.Competition: Companies such as AAD, DeLaval, and PortaCheck already have on-site solutions, which include California Mastitis Tests (CMT), Somatic Cell Counters and variants (SCC), as well as lateral flow strips. These current on-site diagnostics tools indicate the presence of an infection but are unable to determine the pathogen, which is key to define an appropriate treatment. Culture testing (e.g. Idexx, Virbac) is the current benchmark and is being tried on site as well: although cheap, the added value is greatly diminished due to long waiting times and difficulties in setting up a working protocol. Finally, laboratories provide fast molecular solutions (e.g. ThermoFisher) that are fast but expensive, while requiring complicated logistics due to sample collection that increase lead times. Magnomics will bring these molecular solutions to the farm in a convenient and affordable product.

Portfolio highlights

• Fibersail — Fibersail redefines the knowledge on wind farms, through a reliable and cost-efficient shape sensor able to monitor each deflection.