About Serstech
Serstech is a company based in Lund (Sweden) founded in 2006. It operates as a Product-as-a-Service, and Direct-to-Consumer (D2C). Serstech has raised $1.4 million across 2 funding rounds from investors including European Union. Serstech offers products and services including Serstech Arx mkII, Serstech SERS Kit, Serstech ChemDash, Serstech Capillary Probe, and Serstech TraSERSwab. Serstech operates in a competitive market with competitors including Kromek, Smiths Detection, Battelle, Vehant Technologies and Arktis, among others.
- Headquarter Lund, Sweden
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Sectors
Industrial Goods & Manufacturing
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Email
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Phone
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Website
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Social
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- Legal Name Serstech Ab
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.4 M (USD)
in 2 rounds
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Latest Funding Round
$492.27 K (USD), Grant
Jul 01, 2020
- Investors
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Employee Count
Employee Count
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Products & Services of Serstech
Serstech offers a comprehensive portfolio of products and services, including Serstech Arx mkII, Serstech SERS Kit, Serstech ChemDash, Serstech Capillary Probe, and Serstech TraSERSwab. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Handheld device for rapid chemical threat identification used.
Kit for identifying low concentration chemical samples efficiently.
Software for managing chemical identification data and results.
Accessory for precise chemical sampling in field operations.
Tool for collecting chemical samples during field analysis.
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Funding Insights of Serstech
Serstech has successfully raised a total of $1.4M across 2 strategic funding rounds. The most recent funding activity was a Grant round of $492.27 thousand completed in July 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Grant — $492,265
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First Round
First Round
(01 Jun 2013)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2020 | Amount | Grant - Serstech | Valuation |
investors |
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| Jun, 2013 | Amount | Seed - Serstech | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Serstech
Serstech has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include European Union. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Serstech
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Serstech
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Serstech Comparisons
Competitors of Serstech
Serstech operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Kromek, Smiths Detection, Battelle, Vehant Technologies and Arktis, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Radiation detection solutions are developed for diverse applications.
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Developer of CBRNE threat detection and monitoring systems
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CBRNE defense, lab management, and national security solutions are provided.
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AI-enabled security and traffic enforcement solutions are provided.
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Radiation detection systems for nuclear materials and security are developed.
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Explosive and drug trace detection systems are manufactured.
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Serstech
Frequently Asked Questions about Serstech
When was Serstech founded?
Serstech was founded in 2006 and raised its 1st funding round 7 years after it was founded.
Where is Serstech located?
Serstech is headquartered in Lund, Sweden.
Who is the current CEO of Serstech?
Stefan Sandor is the current CEO of Serstech.
Is Serstech a funded company?
Serstech is a funded company, having raised a total of $1.4M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1.4M, raised on Jun 01, 2013.
What does Serstech do?
Serstech is focused on providing advanced chemical identification solutions through handheld Raman spectroscopy devices and related technologies. Operations are centered in the security and safety sectors, addressing needs in narcotics detection, explosives identification, and hazardous material analysis. Products like Serstech Arx mkII and SERS kits are developed for use by first responders and law enforcement. The company is also involved in offering rental services and software solutions for data management in chemical analysis.
Who are the top competitors of Serstech?
Serstech's top competitors include Kromek, Vehant Technologies and Smiths Detection.
What products or services does Serstech offer?
Serstech offers Serstech Arx mkII, Serstech SERS Kit, Serstech ChemDash, Serstech Capillary Probe, and Serstech TraSERSwab.
Who are Serstech's investors?
Serstech has 1 investor. Key investors include European Union.
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