Today Zymoscope, a Danish drinktech startup, has announced closing a €960k seed round led by Danish angel investor Mads Heine and Vaekstfonden (The Danish Growth Fund), with accelerator Rockstart as co-investor. The startup plans to use the funding to expand the team with software development and sales professionals.
Founded in 2019, Zymoscope enables microbrewers to gain insights into their brewing process and to reduce waste with sensor technologies. Their solution provides remote access to real-time fermentation data, allowing brewers to better control and optimize fermentation processes. The technology sits in the current global craft beer market, which is expected to reach €414 billion by 2025 with a CAGR of 20%. At this point in time, Zymoscope is working with six Danish breweries and aims to commercialize the product on the craft brewing market in 2021.
Mark Durno, Managing Partner Rockstart AgriFood, commented: “Zymoscope is helping to digitize the centuries old technique of fermentation, which once again is poised to ignite our food industry. With a passion for the fermentation craft combined with the right mix of skills, the Zymoscope team are set to make a big impact on a growing segment, which is why we are excited at the opportunity to invest.”
Petros Venetopoulos, co-founder and CEO, Zymoscope ApS, said: “A huge milestone achieved. Looking back at one of our goals to raise a (pre)-seed round upon completion of the Rockstart AgriFood programme, we can state we have achieved that. We would like to thank Rockstart, Vækstfonden, Mads Heine and the rest of the investors for trusting in us. The capital will be used for expanding our team and getting key FTE with strong skills in software development and sales, in order to further develop our platform and officially commercialize our product in Q1 2022.”
Mads Heine, angel investor, also commented: “I have had the benefit of working closely together with the Founder team as a Rockstart mentor for 4 months prior to the investment. Despite very little business and startup experience, the Founders have impressed me with very strong team competences, and I am fully confident that their hard work and execution power will prove them successful. In addition, the ability to retrofit and monitor the fermentation process on a non-invasive basis is a much-needed approach that will benefit the entire food & beverage industry.”