About Xnovo Technology
Xnovo Technology is an Industrial Goods & Manufacturing company based in Copenhagen (Denmark) founded in 2012 by Erik Mejdal Lauridsen, and was acquired by Raith in November 2024. 3D X-ray imaging solutions for crystalline material analysis are delivered. Xnovo Technology has raised $591.75 thousand across 8 funding rounds from investors including European Union, Raith and Innovayt. The company has 25 employees. Xnovo Technology was last valued at $1.83 million in December 2019. Its chief executive, as recorded, is Erik Mejdal Lauridsen. Xnovo Technology offers products and services including GrainMapper3D and FiberScanner3D. Its focus areas include Chemicals and Materials Tech, Materials Tech, Research and Development and Imaging. Its legal entity is Xnovo Technology ApS.
Company details
Xnovo Technology provides analysis and 3D visualization of crystalline materials for engineers and scientists to understand material failure and optimize the strength of materials. The 3D Crystallographic software GrainMapper3D enables diffraction contrast tomography (DCT) on a laboratory setup using ZEISS Xradia 520 Versa X-ray Microscope. The steps include data collection (mount sample in Microscope equipped with DCTScan), processing (load acquired data into the software) and validation (3D image of the material grain structure).
- Headquarters Copenhagen, Denmark
- Employees 25
- Founders Erik Mejdal Lauridsen
- Stage Acquired
- SectorsIndustrial Goods & Manufacturing
- Email••••••••
- Phone•••• ••••
- Website xnovotech.com
- Social LinkedIn Facebook
- Acquired by Raith (Nov 2024)
- Legal Name Xnovo Technology Aps
- Net Profit$505.11 K (USD)33as on Dec 31, 2022
- EBITDA$550.15 K (USD)26as on Dec 31, 2022
- Total Equity Funding$591.75K (USD)
in 8 rounds
- Latest Funding Round$51.13K (USD), Grant
Jul 2022
- InvestorsEuropean Union
& 3 more
- Employee Count25
- Acquired byRaith
(Nov 2024)
Products & Services of Xnovo Technology
Xnovo Technology offers a comprehensive portfolio of products and services, including GrainMapper3D and FiberScanner3D.
Software for 3D grain mapping and crystallographic analysis
Lab-based solution for tensor tomography in materials
Funding Insights of Xnovo Technology
Xnovo Technology has successfully raised a total of $591.75K across 8 strategic funding rounds. The most recent funding activity was a Grant round of $51.13 thousand completed in July 2022. 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 $591,748
- Total Rounds 8
- Last Round Grant — $51,127
- First Round $329,782
(Dec 2013)
- Investors Count 3
All 8 funding rounds of Xnovo Technology 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 |
|---|---|---|---|---|---|
| Jul 2022 | $51,127 | Grant | – | – | |
| Aug 2020 | $1.49M | Grant | – | – | |
| Jun 2020 | $1.53M | Grant | – | – | |
| Dec 2019 | $49,571 | Seed | $1.83M | – | – |
| Jan 2019 | $57,204 | Grant | – | – | |
| Sep 2018 | $58,100 | Grant | – | – | |
| Aug 2014 | $212,395 | Seed | $2.12M | – | – |
| Dec 2013 | $329,782 | Seed | $••••• | – | – |
| Date | Valuation | Stage |
|---|---|---|
| Dec 2019 | $1.83M | •••••••• |
| Aug 2014 | $2.12M | •••••••• |
| Dec 2013 | $••••• | •••••••• |
Full valuation and stage history of Xnovo Technology
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
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Last known valuation $1.83M (Dec 2019). 4 investors in total: 4 institutional.
Investors in Xnovo Technology
Xnovo Technology has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include European Union, Raith and Innovayt.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Government agency and accelerator focusing on innovative startups and SMEs | eicfund.eu | Brussels, Belgium | ||
Sector-agnostic startups are accelerated by venture capital-backed program. | 2006 | innovayt.eu | Copenhagen, Denmark | |
Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability | 1958 | europa.eu | Brussels, Belgium | |
Electron beam lithography and nanofabrication solutions are provided. | 1980 | raith.com | Dortmund, Germany |
Investor details for Xnovo Technology
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People of Xnovo Technology
1 people are tracked at Xnovo Technology (1 in leadership); the tracked headcount is 25.
| Name | Role | Group |
|---|---|---|
Erik Mejdal Lauridsen | Co-Founder & CEO | Leadership |
Complete people profiles for Xnovo Technology
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Timeline of Xnovo Technology
5 dated milestones of Xnovo Technology across 12 years, from founding to its latest funding, stage changes and deals.
- Founded Xnovo Technology is founded.
- Funding First funding round of $330K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Grant, of $51K.
- Exit Acquired by Raith.
Web traffic of Xnovo Technology
The website of Xnovo Technology (xnovotech.com) receives about 2K visits a month.
- Monthly visits2K
▲ 255.3% vs previous month
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Frequently Asked Questions about Xnovo Technology
Xnovo Technology was founded in 2012 and raised its 1st funding round 1 year after it was founded.
Xnovo Technology is headquartered in Copenhagen, Denmark.
Erik Mejdal Lauridsen is the CEO of Xnovo Technology, as recorded in our data. They have also founded this company.
Xnovo Technology is a funded company, having raised a total of $591.75K across 8 funding rounds to date. The company's 1st funding round was a Seed of $329.78K, raised on Dec 2013.
Xnovo Technology has 25 employees.
Xnovo Technology provides analysis and 3D visualization of crystalline materials for engineers and scientists to understand material failure and optimize the strength of materials. The 3D Crystallographic software GrainMapper3D enables diffraction contrast tomography (DCT) on a laboratory setup using ZEISS Xradia 520 Versa X-ray Microscope. The steps include data collection (mount sample in Microscope equipped with DCTScan), processing (load acquired data into the software) and validation (3D image of the material grain structure).
Xnovo Technology offers GrainMapper3D and FiberScanner3D.
Xnovo Technology has 4 investors. Key investors include European Union, Raith, Innovayt, and EIC Fund.
The valuation of Xnovo Technology is $1.83M as of Dec 2019.
Xnovo Technology operates through Xnovo Technology Aps.
Yes. Xnovo Technology was acquired by Raith in November 2024.