The GERMAN biometrics company JENETRIC GmbH enjoys confidence of its investors
December 17, 2015
Second round of financing secured after successful product launch
The investors of JENETRIC GmbH enter a second round of financing. “The whole team impressed us with their determination, with their performance and with their ambitious plans for the future. We are looking forward to accompanying the further development,” says Karin Rabe, Investment Manager of bm|t, the holding company of the Free State of Thuringia. Also the Business Angel Prof. Dr. Franz Schmidt and the early-stage investor “High-Tech Gründerfonds (HTGF)” stay financially engaged and thus enable the production and global distribution of LIVETOUCH® quattro. Dr. Ansgar Kirchheim, Investment Manager at HTGF: “After the successful FBI certification and the start of production, we are pleased to support the large-scale market entry of JENETRIC .”
In September JENETRIC very successfully introduced the world smallest ID-Flats scanner internationally. Its transparent image sensor based on optical TFT technology combines the fingerprint capture area with the user display for instructions and real-time feedback. The investment funds of the second round of financing will be furthermore used to expand the LIVETOUCH product family to collect additional biometric features.
JENETRIC GmbH was founded in 2014 in Jena, Germany – a location famous for cutting-edge optical technology – by engineers with significant experience in fingerprint technology and special focus on the development of biometric systems. The multidisciplinary team includes hardware and software specialists as well as production and sales professionals. The company follows a holistic approach in its product development with a clear and strong focus on customer requirements and with the ambitious goal of enhancing living and working conditions by using biometric systems.
Roberto Wolfer, CEO
phone: +49 (0) 36 41-32199 50
Fax: +49 (0) 36 41-32199 51
About High-Tech Gründerfonds
High-Tech Gruenderfonds invests in young, high potential high-tech start-ups. The seed financing provided is designed to enable start-ups to take an idea through prototyping and to market launch. Typically, High-Tech Gruenderfonds invests EUR 600,000 in the seed stage, with the potential for up to a total of EUR 2 million per portfolio company in follow-on financing. Investors in this public/private partnership include the Federal Ministry of Economics and Energy, the KfW Banking Group, as well as strategic corporate investors including ALTANA, BASF, Bayer, B. Braun, Robert Bosch, CEWE, Daimler, Deutsche Post DHL, Deutsche Telekom, Evonik, Lanxess, media + more venture Beteiligungs GmbH & Co. KG, METRO, Qiagen, RWE Innogy, SAP, Tengelmann and Carl Zeiss. High-Tech Gruenderfonds has about EUR 576 million under management in two funds (EUR 272 million HTGF I, EUR 304 million HTGF II).