About UgenTec
UgenTec is a company based in Hasselt (Belgium) founded in 2014 was acquired by Summa Equity in September 2022.. UgenTec has raised $13.05 million across 9 funding rounds from investors including KU Leuven, BNP Paribas Fortis and European Union. The company has 55 employees as of December 31, 2022. UgenTec offers products and services including FastFinder Workflow, FastFinder Analysis, FastFinder Insights, FastFinder QC, and FastFinder Genotyper. UgenTec operates in a competitive market with competitors including TigerConnect, Fabric, Regard, Radformation and Cloudphysician, among others.
- Headquarter Hasselt, Belgium
- Employees 55 as on 31 Dec, 2022
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Sectors
Healthcare
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Phone
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Website
*********
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Social
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Annual Revenue
$12.59 M (USD)5as on Dec 31, 2022
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Net Profit
$1.59 M (USD)-61as on Dec 31, 2022
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EBITDA
$2.66 M (USD)-48as on Dec 31, 2022
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Total Equity Funding
$13.05 M (USD)
in 9 rounds
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Latest Funding Round
$540.92 K (USD), Grant
Sep 10, 2019
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Investors
KU Leuven
& 11 more
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Employee Count
55
as on Dec 31, 2022
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Acquired by
Summa Equity
(Sep 07, 2022)
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Products & Services of UgenTec
UgenTec offers a comprehensive portfolio of products and services, including FastFinder Workflow, FastFinder Analysis, FastFinder Insights, FastFinder QC, and FastFinder Genotyper. 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.
Orchestrates molecular sample workflows from order to result.
Automates assay result reporting and curve calling.
Delivers dashboards for lab metrics and performance monitoring.
Provides real-time stats and alerts for assay quality.
Automates cluster calling using AI for genotyping results.
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Funding Insights of UgenTec
UgenTec has successfully raised a total of $13.05M across 9 strategic funding rounds. The most recent funding activity was a Grant round of $540.92 thousand completed in September 2019. 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 9
- Last Round Grant — $540,918
- First Round First Round
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2019 | Amount | Grant - UgenTec | Valuation |
investors |
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| Mar, 2018 | Amount | Series A - UgenTec | Valuation | LRM | |
| Nov, 2017 | Amount | Grant - UgenTec | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 UgenTec
UgenTec has secured backing from 12 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include KU Leuven, BNP Paribas Fortis and 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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LRM is engaged in providing risk capital and smart money to businesses in Limburg.
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Founded Year | Domain | Location | |
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Funding solutions for tech startups are provided by the accelerator.
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Founded Year | Domain | Location | |
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Government agency and accelerator focusing on innovative startups and SMEs
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Founded Year | Domain | Location |
| Investor | Description | 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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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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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 UgenTec
| 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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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - UgenTec
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 |
Ugentec Comparisons
Competitors of UgenTec
UgenTec 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 TigerConnect, Fabric, Regard, Radformation and Cloudphysician, 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 |
Provider of a cloud-based collaboration and communication platform for healthcare professionals
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| domain | founded_year | HQ Location |
A care enablement system is provided for healthcare and clinics.
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| domain | founded_year | HQ Location |
EHR data is analyzed by AI platform to deliver insights.
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| domain | founded_year | HQ Location |
Decision support technologies for radiation therapy planning are developed.
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| domain | founded_year | HQ Location |
AI-powered video monitoring is provided for intensive care units.
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| domain | founded_year | HQ Location |
Medical data is analyzed via AI for population health management.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
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 Ugentec
Frequently Asked Questions about UgenTec
When was UgenTec founded?
UgenTec was founded in 2014.
Where is UgenTec located?
UgenTec is headquartered in Hasselt, Belgium. It is registered at Hasselt, Limburg, Belgium.
Is UgenTec a funded company?
UgenTec is a funded company, having raised a total of $13.05M across 9 funding rounds to date. The company's 1st funding round was a Grant of $59.25K, raised on Jun 01, 2014.
How many employees does UgenTec have?
As of Dec 31, 2022, the latest employee count at UgenTec is 55.
What is the annual revenue of UgenTec?
Annual revenue of UgenTec is $12.59M as on Dec 31, 2022.
What does UgenTec do?
UgenTec was founded in 2014 and is based in Hasselt, Belgium. Software solutions for automated PCR analysis are developed, focusing on the biotech and diagnostics sector. FastFinder, an AI-based tool, is provided to handle sample workflows and real-time assay analysis. Integration occurs in clinical diagnostics labs, OVD assay providers, and agrigenomics firms, supporting data processing operations across these areas.
Who are the top competitors of UgenTec?
UgenTec's top competitors include TigerConnect, Fabric and Mendel Health.
What products or services does UgenTec offer?
UgenTec offers FastFinder Workflow, FastFinder Analysis, FastFinder Insights, FastFinder QC, and FastFinder Genotyper.
Who are UgenTec's investors?
UgenTec has 12 investors. Key investors include KU Leuven, BNP Paribas Fortis, European Union, VLAIO, and LRM.