Picture credit: Eupry
Copenhagen-based Eupry, a SaaS firm, introduced on Monday that it has secured €2.4M in funding from The Danish Progress Fund and Ugly Duckling Ventures to assist speed up its worldwide enlargement.
The Danish Progress Fund Vækstfonden will sit down on the board as a brand new investor.
Eupry: What you’ll want to know
Eupry (Euprymyna Scolopes ) was based by a workforce of scholars – Adam Hartmann-Kruckow, Christian Elster Jacobsen, Sigurd Jervelund Hansen, Noam Ritov, and Jakob Konradsen – as a collaborative challenge between UNICEF and the Technical College of Denmark (DTU) in 2012.
The corporate is on a mission to revolutionise how organisations sense, monitor, and doc temperatures.
In keeping with the corporate, the standard approaches of temperature monitoring are demanding and require many assets that forestall firms from re-investing their funds into reaching larger outcomes.
The Danish hardware-enabled SaaS firm protects the availability chain of medicines and environmentally delicate merchandise by means of its temperature monitoring companies.
“Again in 2012, we turned conscious that an excessive amount of drugs all over the world is saved underneath unideal situations – and due to this fact might have an inferior or no impact. We needed to unravel that drawback and have been engaged on it ever since,” says CEO and co-founder Christian Jacobsen.
The corporate goals to demystify rules and simplify compliant storage and distribution processes.
Eupry additionally helps additional growth of assorted industries, together with Laboratory, Pharmacy, Healthcare, Pharma, Meals, and extra. Consequently, Eupry has expanded its buyer base to greater than 25 nations and main life science firms.
“We labored across the clock to ship our measuring gear by taxis to Danish hospitals, so they might be sure that the dear first vaccines had been saved accurately. As well as, our thermometers always monitor the temperature the place the vaccines are saved and had been simple for the healthcare workers to make use of,” says enterprise growth supervisor and co-founder Adam Hartmann-Kruckow.
Traders
Ugly Duckling Ventures is an early-stage enterprise fund investing in Nordic early-stage firms.
Andreas Rasmussen, co-founder and GP at Ugly Duckling Ventures, says, “Having labored in shut collaboration with Christian and the remainder of the founder workforce, we’ve got been impressed with the transparency, accountability, and performance-focus the workforce has proven, in addition to their skill to make the appropriate choices – even in troublesome instances. Eupry continues to carry out in keeping with plan, and we’re excited to proceed our journey collectively as co-leading buyers of their SEED spherical.”
Vaekstfonden is the Danish state’s funding fund. In shut collaboration with banks and home and worldwide buyers, Vaekstfonden discovers and develops the businesses Denmark can not afford to overlook.
Since 1992, Vaekstfonden has contributed greater than DKK 44B to assist develop and develop greater than 11.000 firms.
Nina Haldipur, Senior Funding Supervisor at Vækstfonden, says, “Safeguarding the healthcare provide chain is of vital significance to society. Eupry is addressing the wants of an ageing and rising inhabitants and elevated demand for a dependable chilly chain. We’re impressed by the founding workforce’s modern providing, purpose-driven management, and monitor document. Vækstfonden is worked up to collaborate with Eupry as they assist sustainable healthcare supply and Denmark’s main place in well being tech.”
Catch our interview with Paul Down, Head of Gross sales at Intigriti.