Danish startup Zymoscope has announced raising  €960k late in February 2021 in its seed funding round, with accelerator Rockstart as co-investor. The round, among others, witnessed participation from angel investor Mads Heine and Vaeksfonden (The Danish growth fund)

Investors: Mads Heine, currently the managing partner at MBI partner ApS, is an avid supporter of startups specifically in the domains of Fintech, Foodtech and Agritech. On the other hand, Vaeksfonden is a Danish venture capital investment fund that seeks to make early investments and nurture budding startups in the diverse fields of agriculture, biotechnology, telecommunications, clean technology,  diagnostics, pharmaceuticals, entertainment, and more. Founded in 1992 it has supported more than 5,400 companies with a total investment of more than DKK 15 billion.

The new round of investment, according to Zymoscope, would be utilised to expand its software development and sales team.

About Zymoscope: Founded in 2019 by Petros, Mads and Jens Zymoscope began its journey with a tech-based quality control solution for the microbreweries in Denmark. Soon in May 2020, it launched its first industry pilot.

Zymoscope provides innovative tech solutions for real-time monitoring and control of fermentation. Its non-invasive device is attached to the fermentation tanks to generate accurate and timely reports which enable faster recipe implementations and better management.

Moreover, its prospects are not restricted to breweries and fermentation, as it seeks to expand its hold onto the whole food and beverage industry.

What the CEO has to say:

“A huge milestone achieved. Looking back at one of our goals to raise a (pre)-seed round upon completion of the Rockstart AgriFood programme, we can state we have achieved that. We would like to thank Rockstart, Vækstfonden, Mads Heine and the rest of the investors for trusting in us. The capital will be used for expanding our team and getting key FTE with strong skills in software development and sales, in order to further develop our platform and officially commercialize our product in Q1 2022.” –Petros Venetopoulos, CEO and co-founder of Zymoscope.

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Raghavendra writes about the startup ecosystem on VC Bay. He is a final year undergrad at Indian Institute of Management and Commerce. Besides being a sports enthusiast, he is passionate about the world of finance and startups.


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