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.
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.
People of UgenTec
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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.
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.
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LRM is engaged in providing risk capital and smart money to businesses in Limburg.
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Funding solutions for tech startups are provided by the accelerator.
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Government agency and accelerator focusing on innovative startups and SMEs
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Investor details for UgenTec
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Investments & Acquisitions by UgenTec
Investment portfolio details for UgenTec
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Financial Statements - UgenTec
Detailed financials for UgenTec
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Ugentec Comparisons
Peer comparison for UgenTec
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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.
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Provider of a cloud-based collaboration and communication platform for healthcare professionals
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A care enablement system is provided for healthcare and clinics.
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EHR data is analyzed by AI platform to deliver insights.
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Decision support technologies for radiation therapy planning are developed.
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AI-powered video monitoring is provided for intensive care units.
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Medical data is analyzed via AI for population health management.
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Detailed competitors of UgenTec
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Latest news on Ugentec
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Frequently Asked Questions about UgenTec
UgenTec was founded in 2014.
UgenTec is headquartered in Hasselt, Belgium. It is registered at Hasselt, Limburg, Belgium.
UgenTec is a funded company, having raised a total of $13.05M across 9 funding rounds to date.
As of Dec 31, 2022, the latest employee count at UgenTec is 55.
Annual revenue of UgenTec is $12.59M as on Dec 31, 2022.
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.
UgenTec's top competitors include TigerConnect, Fabric and Mendel Health.
UgenTec offers FastFinder Workflow, FastFinder Analysis, FastFinder Insights, FastFinder QC, and FastFinder Genotyper.
UgenTec has 12 investors. Key investors include KU Leuven, BNP Paribas Fortis, European Union, VLAIO, and LRM.