About UgenTec
UgenTec is a Healthcare company based in Hasselt (Belgium) founded in 2014, and was acquired by Summa Equity in September 2022. It operates as a software for automated PCR analysis in diagnostics is developed. 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. UgenTec offers products and services including FastFinder Workflow, FastFinder Analysis, FastFinder Insights, FastFinder QC, and FastFinder Genotyper. Its focus areas include HealthTech, Healthcare IT, Provider and Clinical Operations. Its competitors include TigerConnect, Fabric, Regard, Radformation and Cloudphysician and 4 more; 9 of its 9 listed competitors have raised funding.
Company details
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.
- Headquarters Hasselt, Belgium
- Employees 55
- Stage Acquired
- SectorsHealthcare
- Website ugentec.com
- Social LinkedIn X
- Acquired by Summa Equity (Sep 2022)
- Annual Revenue$12.59 M (USD)5as on Dec 31, 2022
- Net Profit$1.59 M (USD)-61as on Dec 31, 2022
- EBITDA$2.66 M (USD)-48as on Dec 31, 2022
- Total Equity Funding$13.05M (USD)
in 9 rounds
- Latest Funding Round$540.92K (USD), Grant
Sep 2019
- InvestorsKU Leuven
& 11 more
- Employee Count55
- Acquired bySumma Equity
(Sep 2022)
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.
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 $13.05M
- Total Rounds 9
- Last Round Grant — $540,918
- Investors Count 11
All 9 funding rounds of UgenTec with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2019 | $540,918 | Grant | – | – | |
| Mar 2018 | $9.3M | Series A | – | LRM | |
| Nov 2017 | $59,254 | Grant | – | – | |
| Jun 2017 | $56,067 | Grant | – | – | |
| Jan 2017 | $52,653 | Grant | – | – | |
| Nov 2016 | $2.41M | Seed | – | BNP Paribas Fortis | |
| Apr 2015 | $1.34M | Seed | – | – | |
| Apr 2015 | $107,351 | Debt – Conventional | – | – | |
| Jun 2014 | – | Seed | – | imec.istart | – |
12 investors in total: 9 institutional and 3 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
LRM is engaged in providing risk capital and smart money to businesses in Limburg. | – | lrm.be | Hasselt, Belgium | |
Funding solutions for tech startups are provided by the accelerator. | – | imecistart.com | Ghent, Belgium | |
Government agency and accelerator focusing on innovative startups and SMEs | – | eicfund.eu | Brussels, Belgium | |
Summa Equity is focused on thematic and impact investments. | 2016 | summaequity.com | - | |
Management consulting services are provided to businesses in Belgium. | 2003 | vlaio.be | Brussels, Belgium | |
Higher education is delivered through diverse courses and degrees. | 1425 | kuleuven.be | Leuven, Belgium | |
Retail banking services are offered across multiple sectors. | 1934 | bnpparibasfortis.com | Brussels, Belgium | |
Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability | 1958 | europa.eu | Brussels, Belgium | |
A platform for online casino gaming in Belgium is provided. | – | iwt.be | Belgium | |
HV Herman Verrelst | Belgian entrepreneur, angel investor, and co-founder of Biocartis, active in India. | – | unknown_5a0cb91048d740f3b | - |
Investor details for UgenTec
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of UgenTec
6 people are tracked at UgenTec (1 in leadership, 3 in board & advisors, 2 in team); the tracked headcount is 55.
| Name | Role | Group |
|---|---|---|
Karen Hensen | Head of Quality & Regulatory | Leadership |
Annie Vereecken | Director | Board & advisors |
Tom Aerts | Director | Board & advisors |
Ivo Marechal | Director | Board & advisors |
Joos Kesters | Software-ingenieur | Team |
Willem Geerts | Support Manager | Team |
Complete people profiles for UgenTec
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Timeline of UgenTec
4 dated milestones of UgenTec across 8 years, from founding to its latest funding, stage changes and deals.
- Founded UgenTec is founded.
- Funding First funding round.
- Funding Latest funding round, Grant, of $541K.
- Exit Acquired by Summa Equity.
Competitors of UgenTec
UgenTec has 9 listed competitors in our database, 9 of them funded. They include TigerConnect, Fabric, Regard, Radformation and Cloudphysician, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| tigerconnect.com | 2010 | Santa Monica, United States | $426.1M | 224 | Provider of a cloud-based collaboration and communication platform for healthcare professionals | |
| fabrichealth.com | 2021 | New York, United States | $80M | – | A care enablement system is provided for healthcare and clinics. | |
| regard.com | 2016 | Los Angeles, United States | $76.32M | – | EHR data is analyzed by AI platform to deliver insights. | |
| radformation.com | 2014 | New York, United States | $11.5M | – | Decision support technologies for radiation therapy planning are developed. | |
| cloudphysician.ai | 2017 | Bengaluru, India | $14.5M | 291 | AI-powered video monitoring is provided for intensive care units. | |
| ferrumhealth.com | 2017 | Sunnyvale, United States | $31M | 17 | Medical data is analyzed via AI for population health management. | |
| mendel.ai | 2016 | San Francisco, United States | $60.25M | 22 | A clinical AI platform for life sciences and healthcare organizations that deciphers health data | |
| piecestech.com | 2015 | Irving, United States | $88.23M | 41 | Adverse events are identified and prevented by AI predictive analytics. | |
| synthpop.ai | 2023 | Cambridge, United States | $25.78M | – | AI-powered software for clinical management workflows is developed. |
Detailed competitors of UgenTec
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Top companies in Clinical IT & Data Platforms
10 companies that operate in the same segment as UgenTec (Clinical IT & Data Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of fitness memberships encompassing group classes, gyms, and at-home workouts | 2016 | Bengaluru, Karnataka, India | USD 716.99 M | – | 1,832 | |
Employee health benefits are facilitated via a cloud-based platform. | 2007 | Plymouth Meeting, Pennsylvania, United States | USD 228.3 M | – | – | |
Healthcare appointments are booked online via Zocdoc's platform. | 2007 | New York, New York, United States | USD 425.97 M | USD 4.66 M | 1,365 | |
Virtual physical therapy and digital pain care solutions are provided. | 2015 | San Francisco, California, United States | USD 854.44 M | – | 1,746 | |
Tech-enabled mental health solutions for employers are provided. | 2016 | New York, New York, United States | USD 473.73 M | – | 3,902 | |
App-based health insurance is offered to individuals and businesses. | 2016 | Paris, Ile de France, France | USD 863.12 M | – | 1,606 | |
Virtual care programs for managing chronic diseases are provided. | 2011 | San Francisco, California, United States | USD 450.12 M | USD 260.21 M | 992 | |
AI-driven EMR and practice management software is delivered for clinics. | 2010 | Boca Raton, Florida, United States | USD 329.17 M | – | 2,470 | |
Cloud-based administrative tools for healthcare providers are offered. | 1997 | Watertown, United States | USD 40 M | – | – | |
Membership-based primary care platform is offered for employees and consumers. | 2007 | San Francisco, California, United States | USD 402.56 M | – | – |
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Related news about 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.
UgenTec has 55 employees.
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.
Yes. UgenTec was acquired by Summa Equity in September 2022.